FYLG


Financials Covered Call & Growth ETF

Reasons to Consider FYLG

High Income Potential

FYLG seeks to generate income by writing covered calls on the Financial Select Sector SPDR Fund.

Upside Potential

By writing calls on 50% of the Financial Select Sector SPDR Fund, the strategy allows investors to capture half the upside potential of the Financial Select Sector Index.

Monthly Distributions

FYLG seeks to make distributions on a monthly basis.

Key Information As of 09/22/23

Inception Date 11/21/22
Gross Expense Ratio 0.66%
Net Expense Ratio* 0.60%
Net Assets $2.31 million
NAV $23.09
Fact Sheet View the document

*Fee waivers are contractual and in effect until at least March 1, 2024.


ETF Summary

The Global X Financials Covered Call & Growth ETF (FYLG) follows a “covered call” or “buy-write” strategy, in which the Fund buys the stocks in the Financial Select Sector Index and the Financial Select Sector SPDR Fund, and “writes” or “sells” corresponding call options on the Financial Select Sector SPDR Fund representing approximately 50% of the value of FYLG’s portfolio.

ETF Objective

The Global X Financials Covered Call & Growth ETF (FYLG) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P Financial Select Sector Half BuyWrite Index.

Trading Details As of 09/21/23

Ticker FYLG
Bloomberg Index Ticker BXLFH
CUSIP 37960A768
ISIN US37960A7688
Primary Exchange NYSE Arca
Shares Outstanding 100,000
Number of Holdings 74
30-Day Median Bid-Ask Spread 0.42%

Distributions As of 09/22/23

30-Day SEC Yield 1.27%
Unsubsidized 30-Day SEC Yield 1.22%
Distribution Frequency Monthly

ETF Prices As of 09/22/23

NAV $23.09 Daily Change -$0.16 -0.69%
Market Price $23.14 Daily Change -$0.15 -0.64%

Performance History

As of recent
(06/30/23)
Fund NAV Market Price Index
Year-to-Date -0.55% -0.54% -0.05%
1 Month 4.84% 4.83% 4.85%
3 Months 5.10% 5.28% 5.04%
Since Inception -2.27% -2.10% -1.57%
Year-to-Date 0.75% 0.71% 1.59%
1 Month -1.59% -1.42% -1.54%
3 Months 6.21% 6.15% 6.57%
Since Inception -0.99% -0.87% 0.04%

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Options Details As of 09/21/23

Financial Select Sector SPDR Fund (XLF) Price* 33.92
*Market Price as of 09/21/23

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short Financial Select Sector SPDR Call Option -$1,163,456 35 3.18% 10/20/2023 29

Top Holdings As of 09/22/23

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
53.92 XLF SPDR-FINL SELECT 2364038 33.66 36,994 1,245,218.04
6.50 BRK/B BERKSHIRE HATH-B 2073390 360.16 417 150,186.72
4.20 JPM JPMORGAN CHASE & CO 2190385 145.73 665 96,910.45
3.74 V VISA INC-CLASS A SHARES B2PZN04 235.08 367 86,274.36
3.31 MA MASTERCARD INC - A B121557 402.22 190 76,421.80
1.89 BAC BANK OF AMERICA CORP 2295677 27.64 1,581 43,698.84
1.49 WFC WELLS FARGO & CO 2649100 41.23 837 34,509.51
1.19 SPGI S&P GLOBAL INC BYV2325 371.69 74 27,505.06
1.07 GS GOLDMAN SACHS GROUP INC 2407966 327.89 75 24,591.75
1.05 MS MORGAN STANLEY 2262314 83.29 292 24,320.68
0.96 MMC MARSH & MCLENNAN COS 2567741 195.51 113 22,092.63
0.92 BLK BLACKROCK INC 2494504 660.10 32 21,123.20
0.88 AXP AMERICAN EXPRESS CO 2026082 153.08 133 20,359.64
0.87 CB CHUBB LTD B3BQMF6 213.08 94 20,029.52
0.83 PGR PROGRESSIVE CORP 2705024 143.26 134 19,196.84
0.81 SCHW SCHWAB (CHARLES) CORP 2779397 55.15 341 18,806.15
0.78 C CITIGROUP INC 2297907 40.92 440 18,004.80
0.78 BX BLACKSTONE INC BKF2SL7 111.18 161 17,899.98
0.72 CME CME GROUP INC 2965839 201.72 82 16,541.04
0.70 FI FISERV INC 2342034 116.08 139 16,135.12
0.67 AON AON PLC-CLASS A BLP1HW5 336.02 46 15,456.92
0.63 PYPL PAYPAL HOLDINGS INC BYW36M8 57.88 251 14,527.88
0.62 ICE INTERCONTINENTAL BFSSDS9 110.17 129 14,211.93
0.52 USB US BANCORP 2736035 33.38 356 11,883.28
0.51 MCO MOODY'S CORP 2252058 324.22 36 11,671.92
0.50 AJG ARTHUR J GALLAGHER & CO 2359506 233.08 49 11,420.92
0.48 PNC PNC FINANCIAL SE 2692665 120.85 91 10,997.35
0.44 AIG AMERICAN INTERNA 2027342 61.58 163 10,037.54
0.41 AFL AFLAC INC 2026361 76.31 124 9,462.44
0.41 CASH 1.00 9,378 9,377.58
0.40 MET METLIFE INC 2573209 64.42 144 9,276.48
0.40 MSCI MSCI INC B2972D2 513.16 18 9,236.88
0.39 TRV TRAVELERS COS INC/THE 2769503 167.84 53 8,895.52
0.37 COF CAPITAL ONE FINA 2654461 98.27 88 8,647.76
0.37 TFC TRUIST FINANCIAL CORP BKP7287 28.07 306 8,589.42
0.35 PRU PRUDENTIAL FINANCIAL INC 2819118 96.42 84 8,099.28
0.33 AMP AMERIPRISE FINANCIAL INC B0J7D57 333.49 23 7,670.27
0.33 FIS FIDELITY NATIONA 2769796 56.12 136 7,632.32
0.33 BK BANK NY MELLON B1Z77F6 42.70 178 7,600.60
0.31 GPN GLOBAL PAYMENTS INC 2712013 119.16 60 7,149.60
0.30 ACGL ARCH CAPITAL GROUP LTD 2740542 80.96 85 6,881.60
0.30 ALL ALLSTATE CORP 2019952 114.09 60 6,845.40
0.23 TROW T ROWE PRICE GROUP INC 2702337 105.44 51 5,377.44
0.23 HIG HARTFORD FINL SV 2476193 72.98 72 5,254.56
0.22 WTW WILLIS TOWERS WATSON PLC BDB6Q21 212.95 24 5,110.80
0.22 DFS DISCOVER FINANCI B1YLC43 87.19 57 4,969.83
0.21 STT STATE STREET CORP 2842040 67.81 73 4,950.13
0.21 MTB M & T BANK CORP 2340168 124.27 39 4,846.53
0.20 FLT FLEETCOR TECHNOLOGIES INC B4R28B3 269.98 17 4,589.66
0.19 RJF RAYMOND JAMES 2718992 101.21 44 4,453.24
0.17 FITB FIFTH THIRD BANCORP 2336747 25.70 155 3,983.50
0.17 FDS FACTSET RESEARCH 2329770 435.82 9 3,922.38
0.17 EG EVEREST GROUP LTD 2556868 391.80 10 3,918.00
0.17 CINF CINCINNATI FINANCIAL CORP 2196888 107.01 36 3,852.36
0.17 BRO BROWN & BROWN INC 2692687 72.27 53 3,830.31
0.17 PFG PRINCIPAL FINANCIAL GROUP 2803014 74.51 51 3,800.01
0.16 CBOE CBOE GLOBAL MARKETS INC B5834C5 157.10 24 3,770.40
0.16 NDAQ NASDAQ INC 2965107 48.67 77 3,747.59
0.16 RF REGIONS FINANCIAL CORP B01R311 17.06 211 3,599.66
0.15 HBAN HUNTINGTON BANCSHARES INC 2445966 10.31 325 3,350.75
0.14 NTRS NORTHERN TRUST CORP 2648668 69.43 47 3,263.21
0.13 SYF SYNCHRONY FINANCIAL BP96PS6 31.38 98 3,075.24
0.13 WRB WR BERKLEY CORP 2093644 64.91 46 2,985.86
0.13 CFG CITIZENS FINANCIAL GROUP BQRX1X3 26.56 111 2,948.16
0.12 L LOEWS CORP 2523022 64.50 43 2,773.50
0.10 JKHY JACK HENRY 2469193 147.89 16 2,366.24
0.10 GL GLOBE LIFE INC BK6YKG1 110.22 20 2,204.40
0.10 KEY KEYCORP 2490911 10.61 207 2,196.27
0.08 MKTX MARKETAXESS HOLDINGS INC B03Q9D0 215.97 9 1,943.73
0.08 AIZ ASSURANT INC 2331430 145.02 12 1,740.24
0.07 BEN FRANKLIN RESOURCES INC 2350684 25.02 64 1,601.28
0.06 IVZ INVESCO LTD B28XP76 14.49 102 1,477.98
0.05 CMA COMERICA INC 2212870 41.22 29 1,195.38
0.05 ZION ZIONS BANCORP NA 2989828 34.10 34 1,159.40
-0.24 2XLF US 10/20/2023 C35 16.00 -343 -5,489.67
-0.38 OTHER PAYABLE & RECEIVABLES 1.00 -8,693 -8,693.47
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Research

Investing involves risk, including the possible loss of principal. Concentration in a particular industry or sector will subject FYLG to loss due to adverse occurrences that may affect that industry or sector. Investors in FYLG should be willing to accept a high degree of volatility in the price of the fund’s shares and the possibility of significant losses.

FYLG engages in options trading. An option is a contract sold by one party to another that gives the buyer the right, but not the obligation, to buy (call) or sell (put) a stock at an agreed upon price within a certain period or on a specific date. A covered call option involves holding a long position in a particular asset, in this case U.S. common equities, and writing a call option on that same asset with the goal of realizing additional income from the option premium. By selling covered call options, the fund limits its opportunity to profit from an increase in the price of the underlying index above the exercise price, but continues to bear the risk of a decline in the index. A liquid market may not exist for options held by the fund. While the fund receives premiums for writing the call options, the price it realizes from the exercise of an option could be substantially below the indices current market price. FYLG is non-diversified.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Cboe, nor does Cboe make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with Cboe.