Russell 2000 Covered Call ETF

Fund Summary

The Global X Russell 2000 Covered Call ETF (RYLD) follows a “covered call” or “buy-write” strategy, in which the Fund buys exposure to the stocks in the Russell 2000 Index and “writes” or “sells” corresponding call options on the same index.

Fund Objective

The Global X Russell 2000 Covered Call ETF (RYLD) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe Russell 2000 BuyWrite Index.


Volatility Enhances Income

Historically, as volatility rises, so too does the level of premium that can be generated on call writing.**

Efficient Options Executions

RYLD writes call options on the Russell 2000 Index, saving investors the time and potential expense of doing so individually.

Monthly Distributions

RYLD expects to make distributions on a monthly basis.

**Covered call writing can limit the upside potential of the underlying security

Fund Details As of 11/15/19

Key Facts

Ticker RYLD
Inception Date 4/17/19
CUSIP 37954Y459
ISIN US37954Y4594
Bloomberg Index Ticker BXR
Primary Exchange Cboe

Stats & Fees

Net Assets $8,880,753
NAV $25.37
Shares Outstanding 350,000
Gross Expense Ratio 0.75%
Net Expense Ratio * 0.60%


30-Day SEC Yield 0.89%
Unsubsidized 30-Day SEC Yield 0.75%
Distribution Frequency Monthly

*Fee waivers are contractual and in effect until at least March 19, 2020

Fund Prices As of 11/15/19

NAV Price
Net Asset Value $25.37 Closing Price $25.40
Daily Change -$0.02 -0.09% Daily Change -$0.04 -0.16%

Performance History

Cumulative %

Data as of month end (10/31/19)

Fund NAV Closing Price Index
1 Month 2.50% 2.33% 2.46%
3 Months 0.28% 0.20% 0.34%
6 Months 5.28% 5.04% 5.69%
Since Inception 5.99% 5.96% 6.90%

Cumulative %

Data as of quarter end (9/30/19)

Fund NAV Closing Price Index
Since Inception 3.41% 3.55% 4.33%

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.

Fund Characteristics As of 11/14/19

Return on Equity 6.80%
Average Market Cap $1,130.00 M
2018 2019
Price-to-earnings 28.62 28.24
Price-to-book value 1.95 1.87

Source: AltaVista Research, LLC

Top Holdings

As of 11/15/19
Net Assets % Name Market Price ($) Shares Held Market Value ($)
100.00 VANGUARD RUSSELL 2000 ETF 127.77 72,023 9,202,378.71
-1.78 CASH 1.00 -158,321 -158,320.65
-1.84 RUT US 12/20/19 C1595 2,865.00 -57 -163,305.00
Holdings are subject to change. Cash, where shown, includes other assets and liabilities, such as payables and receivables.

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

RYLD 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. RYLD writes covered call index options on the Russell 2000 Index. 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. Investment in the Fund is subject to the risks of the underlying fund.

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. Global X NAVs are calculated using prices as of 4:00 PM Eastern Time. The closing price is the Mid-Point between the Bid and Ask price as of the close of exchange. Closing price returns do not represent the returns you would receive if you traded shares at other times. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Since the Fund’s shares did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in Shares, the NAV of the Fund is used to calculate market returns.

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 FTSE Russell or CBOE, nor do these entities 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 these entities.