Russell 2000 Covered Call & Growth ETF

Reasons to Consider RYLG

High Income Potential

RYLG seeks to generate income by writing covered calls on the underlying index.

Upside Potential

By writing calls on 50% of the portfolio, the strategy allows investors to capture half the upside potential of the underlying index.

Monthly Distributions

RYLG seeks to make distributions on a monthly basis.

Key Information As of 06/13/24

Inception Date 10/04/22
Gross Expense Ratio 0.45%
Net Expense Ratio* 0.35%
Net Assets $7.72 million
NAV $24.90
Fact Sheet View the document

*Fee waivers are contractual and in effect until at least April 12, 2025.

ETF Summary

The Global X Russell 2000 Covered Call & Growth ETF (RYLG) follows a “covered call” or “buy-write” strategy, in which the Fund buys the stocks in the Russell 2000 Index (at times by exposure to the Vanguard Russell 2000 ETF), and “writes” or “sells” corresponding call options on the Russell 2000 Index representing approximately 50% of the value of RYLG’s portfolio.

ETF Objective

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

Trading Details As of 06/13/24

Ticker RYLG
Bloomberg Index Ticker BXRH
CUSIP 37960A776
ISIN US37960A7761
Primary Exchange NYSE Arca
Shares Outstanding 310,000
Number of Holdings 3
30-Day Median Bid-Ask Spread 0.69%

Distributions As of 06/13/24

30-Day SEC Yield 0.62%
Unsubsidized 30-Day SEC Yield 0.52%
12-Month Trailing Yield 6.64%
Distribution Yield 6.66%
Distribution Frequency Monthly

ETF Prices As of 06/13/24

NAV $24.90 Daily Change -$0.20 -0.80%
Market Price $24.90 Daily Change -$0.22 -0.88%

Performance History

As of recent
As of recent
Fund NAV Market Price Index
1 Year 12.74% 12.47% 13.33%
Since Inception 8.53% 8.53% 9.11%
1 Year 11.43% 11.02% 11.99%
Since Inception 6.42% 6.29% 6.87%
Year-to-Date 4.42% 4.34% 4.71%
1 Month 3.48% 3.31% 3.53%
3 Months 4.42% 4.34% 4.71%
Since Inception 12.98% 12.98% 13.87%
Year-to-Date 2.47% 2.19% 2.67%
1 Month 3.08% 2.79% 3.13%
3 Months 1.54% 1.18% 1.51%
Since Inception 10.86% 10.64% 11.65%

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 06/13/24

Russell 2000 Index Price 2,038.91 Russell 2000 Mini Price 203.89

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short Russell 2000 Call Option -$3,670,038 2100 3.00% 06/21/2024 8
Short Mini-Russell 2000 Call Option -$183,502 210 3.00% 06/21/2024 8

Top Holdings As of 06/13/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
99.89 VTWO VANGUARD RUSSELL 2000 ETF B48MJP3 81.88 94,166 7,710,312.08
0.18 CASH 1.00 13,509 13,508.63
0.00 EURO 1.08 1 1.25
0.00 MRUT US 06/21/24 C210 27.50 -9 -247.50
-0.01 OTHER PAYABLE & RECEIVABLES 1.00 -686 -685.99
-0.05 RUT US 06/21/24 C2100 215.00 -18 -3,870.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 05/31/24

Sector Weight (%)
Information Technology 17.6
Industrials 16.5
Health Care 14.9
Financials 14.8
Consumer Discretionary 10.6
Energy 7.4
Real Estate 5.6
Materials 4.6
Consumer Staples 3.3
Utilities 2.7
Communication Services 2.0

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 06/13/24

Return on Equity 9.20%
Weighted Avg. Market Cap 4,155 M
2023 2024
Price-to-earnings 24.37 21.21
Price-to-book value 2.01 1.92

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 05/31/24

Versus Beta
S&P 500 0.84
NASDAQ-100 0.53
MSCI Emg. Mkts 0.50
Standard Deviation 15.30%

Source: new windowAltaVista Research, LLC

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

RYLG 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. RYLG 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.

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 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.