XCLR


S&P 500 Collar 95-110 ETF

Reasons to Consider XCLR

Growth Potential

XCLR enables investors to participate in the growth of the S&P 500, up to approximately 10% from the selling of the call to the options' expiration in three months.

Manage Risk

By employing a collar strategy, XCLR aims to lessen drawdowns to approximately -5% from the purchase of the put to the options’ expiration in three months, potentially reducing systematic risk and equity volatility within a strategic allocation.

Efficient Options Execution

XCLR buys put options and sells call options on the S&P 500, saving investors the time and potential expense of doing so individually.

Key Information As of 02/28/24

Inception Date 08/25/21
Total Expense Ratio 0.25%
Net Assets $2.59 million
NAV $28.78
Fact Sheet View the document

ETF Summary

The Global X S&P 500 Collar 95-110 ETF (XCLR) employs a collar strategy for investors seeking range-bound equity returns. XCLR seeks to achieve this outcome by owning the stocks in the S&P 500 Index (SPX), while buying 5% out-of-the-money (OTM) put options1 on SPX, and selling 10% OTM call options on the same index.

ETF Objective

The Global X S&P 500 Collar 95-110 ETF (XCLR) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P 500 3-Month Collar 95-110 Index.

Trading Details As of 02/27/24

Ticker XCLR
Bloomberg Index Ticker CLL3M
CUSIP 37960A305
ISIN US37960A3059
Primary Exchange NYSE Arca
Shares Outstanding 90,000
Number of Holdings 506
30-Day Median Bid-Ask Spread 0.32%

Distributions As of 02/28/24

30-Day SEC Yield 1.20%
Distribution Frequency Semi-Annually

1An out-of-the-money put option conveys the right, but not the obligation, to sell an underlying asset at a strike price below that underlying asset’s market price; an out-of-the-money call option conveys the right, but not the obligation, to buy an underlying asset at a strike price above that underlying asset’s market price (learn more)

ETF Prices As of 02/28/24

NAV $28.78 Daily Change -$0.03 -0.10%
Market Price $28.75 Daily Change -$0.05 -0.17%

Performance History

As of recent
(12/31/23)
As of recent
(12/31/23)
Fund NAV Market Price Index
1 Year 15.54% 15.65% 16.09%
Since Inception 1.64% 1.61% 2.08%
1 Year 12.45% 12.72% 12.94%
Since Inception 2.15% 2.18% 2.57%
Year-to-Date 15.54% 15.65% 16.09%
1 Month 4.22% 4.27% 4.27%
3 Months 9.17% 9.17% 9.21%
Since Inception 3.89% 3.82% 4.96%
Year-to-Date 1.36% 1.51% 1.36%
1 Month 1.36% 1.51% 1.36%
3 Months 12.53% 12.71% 12.53%
Since Inception 5.31% 5.38% 6.39%

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 02/27/24

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short S&P 500 Call Option -$2,031,272 5200 2.40% 03/15/2024 17
Short S&P 500 Mini Call Option -$558,600 520 2.40% 03/15/2024 17

Downside Floor Details

Option Positions Notional Exposure Strike Downside Before Floor Expiration Date Calendar Days to Expiry
Long S&P 500 Put Option $2,031,272 4490 -11.58% 03/15/2024 17
Long S&P 500 Mini Put Option $558,600 449 -11.58% 03/15/2024 17

Top Holdings As of 02/28/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
7.11 MSFT MICROSOFT CORP 2588173 407.72 452 184,289.44
6.23 AAPL APPLE INC 2046251 181.42 889 161,282.38
4.50 NVDA NVIDIA CORP 2379504 776.63 150 116,494.50
3.70 AMZN AMAZON.COM INC 2000019 173.16 553 95,757.48
2.52 META META PLATFORMS INC B7TL820 484.02 135 65,342.70
1.90 GOOGL ALPHABET INC-CL A BYVY8G0 136.38 360 49,096.80
1.77 BRK/B BERKSHIRE HATH-B 2073390 412.14 111 45,747.54
1.61 GOOG ALPHABET INC-CL C BYY88Y7 137.43 303 41,641.29
1.43 LLY ELI LILLY & CO 2516152 757.64 49 37,124.36
1.34 AVGO BROADCOM INC BDZ78H9 1,289.42 27 34,814.34
1.31 TSLA TESLA INC B616C79 202.04 168 33,942.72
1.26 JPM JPMORGAN CHASE & CO 2190385 184.38 177 32,635.26
1.08 UNH UNITEDHEALTH GROUP INC 2917766 498.28 56 27,903.68
1.07 V VISA INC-CLASS A SHARES B2PZN04 285.63 97 27,706.11
0.99 XOM EXXON MOBIL CORP 2326618 104.32 245 25,558.40
0.92 MA MASTERCARD INC - A B121557 478.85 50 23,942.50
0.91 JNJ JOHNSON & JOHNSON 2475833 161.55 146 23,586.30
0.89 HD HOME DEPOT INC 2434209 377.61 61 23,034.21
0.88 PG PROCTER & GAMBLE CO/THE 2704407 160.05 143 22,887.15
0.78 COST COSTCO WHOLESALE CORP 2701271 747.96 27 20,194.92
0.77 MRK MERCK & CO. INC. 2778844 128.19 155 19,869.45
0.74 ABBV ABBVIE INC B92SR70 178.00 108 19,224.00
0.68 CRM SALESFORCE INC 2310525 299.77 59 17,686.43
0.67 AMD ADVANCED MICRO DEVICES 2007849 176.54 98 17,300.92
0.63 CVX CHEVRON CORP 2838555 152.34 107 16,300.38
0.62 NFLX NETFLIX INC 2857817 596.48 27 16,104.96
0.60 WMT WALMART INC 2936921 59.62 261 15,560.82
0.60 ADBE ADOBE INC 2008154 551.82 28 15,450.96
0.56 KO COCA-COLA CO/THE 2206657 60.40 240 14,496.00
0.56 ACN ACCENTURE PLC-CL A B4BNMY3 378.03 38 14,365.14
0.55 BAC BANK OF AMERICA CORP 2295677 34.07 418 14,241.26
0.54 PEP PEPSICO INC 2681511 165.77 84 13,924.26
0.51 TMO THERMO FISHER 2886907 572.03 23 13,156.69
0.51 LIN LINDE PLC BNZHB81 451.20 29 13,084.80
0.50 MCD MCDONALD'S CORP 2550707 293.52 44 12,914.88
0.50 ABT ABBOTT LABORATORIES 2002305 120.05 107 12,845.35
0.48 DIS WALT DISNEY CO/THE 2270726 110.80 111 12,298.80
0.47 WFC WELLS FARGO & CO 2649100 54.72 221 12,093.12
0.46 CSCO CISCO SYSTEMS INC 2198163 48.06 247 11,870.82
0.43 INTU INTUIT INC 2459020 659.16 17 11,205.72
0.42 INTC INTEL CORP 2463247 41.99 260 10,917.40
0.41 ORCL ORACLE CORP 2661568 111.68 96 10,721.28
0.41 QCOM QUALCOMM INC 2714923 155.85 68 10,597.80
0.40 CMCSA COMCAST CORP-CLASS A 2044545 42.15 245 10,326.75
0.40 GE GENERAL ELECTRIC CO BL59CR9 155.61 66 10,270.26
0.40 DHR DANAHER CORP 2250870 255.71 40 10,228.40
0.40 VZ VERIZON COMMUNIC 2090571 40.10 255 10,225.50
0.39 CAT CATERPILLAR INC 2180201 329.56 31 10,216.36
0.39 IBM IBM 2005973 185.30 55 10,191.50
0.39 AMAT APPLIED MATERIALS INC 2046552 197.54 51 10,074.54
0.38 UBER UBER TECHNOLOGIES INC BK6N347 77.73 125 9,716.25
0.37 UNP UNION PACIFIC CORP 2914734 253.99 38 9,651.62
0.36 PFE PFIZER INC 2684703 27.04 343 9,274.72
0.35 NOW SERVICENOW INC B80NXX8 759.79 12 9,117.48
0.35 TXN TEXAS INSTRUMENTS INC 2885409 163.04 55 8,967.20
0.34 AMGN AMGEN INC 2023607 277.46 32 8,878.72
0.33 SPGI S&P GLOBAL INC BYV2325 429.39 20 8,587.80
0.33 PM PHILIP MORRIS IN B2PKRQ3 90.42 94 8,499.48
0.32 LOW LOWE'S COS INC 2536763 238.80 35 8,358.00
0.31 ISRG INTUITIVE SURGICAL INC 2871301 386.59 21 8,118.39
0.31 COP CONOCOPHILLIPS 2685717 112.04 72 8,066.88
0.30 GS GOLDMAN SACHS GROUP INC 2407966 393.18 20 7,863.60
0.30 HON HONEYWELL INTL 2020459 196.49 40 7,859.60
0.30 AXP AMERICAN EXPRESS CO 2026082 218.03 36 7,849.08
0.30 RTX RTX CORPORATION BM5M5Y3 89.92 87 7,823.04
0.30 NKE NIKE INC -CL B 2640147 104.35 74 7,721.90
0.29 PLD PROLOGIS INC B44WZD7 133.99 56 7,503.44
0.29 SYK STRYKER CORP 2853688 351.80 21 7,387.80
0.29 LRCX LAM RESEARCH CORP 2502247 922.67 8 7,381.36
0.28 T AT&T INC 2831811 16.96 434 7,360.64
0.28 BLK BLACKROCK INC 2494504 809.66 9 7,286.94
0.28 ETN EATON CORP PLC B8KQN82 286.96 25 7,174.00
0.27 PGR PROGRESSIVE CORP 2705024 192.03 37 7,105.11
0.27 ELV ELEVANCE HEALTH INC BSPHGL4 503.11 14 7,043.54
0.27 BA BOEING CO/THE 2108601 207.00 34 7,038.00
0.27 BKNG BOOKING HOLDINGS INC BDRXDB4 3,495.63 2 6,991.26
0.27 TJX TJX COMPANIES INC 2989301 101.10 69 6,975.90
0.27 REGN REGENERON PHARMACEUTICALS 2730190 987.61 7 6,913.27
0.26 MDT MEDTRONIC PLC BTN1Y11 83.36 82 6,835.52
0.26 VRTX VERTEX PHARM 2931034 426.97 16 6,831.52
0.26 NEE NEXTERA ENERGY INC 2328915 55.04 124 6,824.96
0.26 MS MORGAN STANLEY 2262314 86.05 78 6,711.90
0.26 CB CHUBB LTD B3BQMF6 253.58 26 6,593.08
0.25 ADP AUTOMATIC DATA PROCESSING 2065308 251.56 26 6,540.56
0.25 UPS UNITED PARCEL-B 2517382 147.77 44 6,501.88
0.25 BMY BRISTOL-MYERS SQUIBB CO 2126335 50.92 127 6,466.84
0.25 SBUX STARBUCKS CORP 2842255 93.00 69 6,417.00
0.25 MMC MARSH & MCLENNAN COS 2567741 206.08 31 6,388.48
0.24 C CITIGROUP INC 2297907 55.05 115 6,330.75
0.24 MU MICRON TECHNOLOGY INC 2588184 89.71 69 6,189.99
0.24 MDLZ MONDELEZ INTER-A B8CKK03 73.19 84 6,147.96
0.23 CI THE CIGNA GROUP BHJ0775 335.13 18 6,032.34
0.23 CVS CVS HEALTH CORP 2577609 75.19 80 6,015.20
0.23 SCHW SCHWAB (CHARLES) CORP 2779397 65.65 90 5,908.50
0.23 DE DEERE & CO 2261203 364.81 16 5,836.96
0.22 BSX BOSTON SCIENTIFIC CORP 2113434 66.99 86 5,761.14
0.22 PANW PALO ALTO NETWORKS INC B87ZMX0 316.15 18 5,690.70
0.22 GILD GILEAD SCIENCES INC 2369174 72.70 78 5,670.60
0.22 ADI ANALOG DEVICES INC 2032067 187.76 30 5,632.80
0.22 AMT AMERICAN TOWER CORP B7FBFL2 193.76 29 5,619.04
0.22 ZTS ZOETIS INC B95WG16 199.94 28 5,598.32
0.22 LMT LOCKHEED MARTIN CORP 2522096 429.33 13 5,581.29
0.21 BX BLACKSTONE INC BKF2SL7 126.32 43 5,431.76
0.21 KLAC KLA CORP 2480138 673.00 8 5,384.00
0.21 EQIX EQUINIX INC BVLZX12 891.87 6 5,351.22
0.21 CMG CHIPOTLE MEXICAN B0X7DZ3 2,671.72 2 5,343.44
0.21 FI FISERV INC 2342034 147.95 36 5,326.20
0.20 SNPS SYNOPSYS INC 2867719 570.28 9 5,132.52
0.20 CME CME GROUP INC 2965839 220.84 23 5,079.32
0.20 TMUS T-MOBILE US INC B94Q9V0 163.15 31 5,057.65
0.19 ICE INTERCONTINENTAL BFSSDS9 138.84 35 4,859.40
0.19 CDNS CADENCE DESIGN SYS INC 2302232 300.58 16 4,809.28
0.18 SHW SHERWIN-WILLIAMS CO/THE 2804211 329.68 14 4,615.52
0.18 SO SOUTHERN CO/THE 2829601 66.81 69 4,609.89
0.18 MO ALTRIA GROUP INC 2692632 40.99 112 4,590.88
0.18 WM WASTE MANAGEMENT INC 2937667 207.26 22 4,559.72
0.18 CSX CSX CORP 2160753 37.68 121 4,559.28
0.17 ITW ILLINOIS TOOL WORKS 2457552 262.67 17 4,465.39
0.17 TGT TARGET CORP 2259101 151.44 29 4,391.76
0.17 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,092.96 4 4,371.84
0.17 ANET ARISTA NETWORKS INC BN33VM5 273.17 16 4,370.72
0.17 DUK DUKE ENERGY CORP B7VD3F2 90.74 47 4,264.78
0.16 PH PARKER HANNIFIN CORP 2671501 531.10 8 4,248.80
0.16 EOG EOG RESOURCES INC 2318024 114.17 37 4,224.29
0.16 SLB SCHLUMBERGER LTD 2779201 48.16 87 4,189.92
0.16 MCK MCKESSON CORP 2378534 523.06 8 4,184.48
0.16 CL COLGATE-PALMOLIVE CO 2209106 86.81 48 4,166.88
0.16 PYPL PAYPAL HOLDINGS INC BYW36M8 60.25 69 4,157.25
0.16 NOC NORTHROP GRUMMAN CORP 2648806 458.95 9 4,130.55
0.16 BDX BECTON DICKINSON AND CO 2087807 239.15 17 4,065.55
0.16 MPC MARATHON PETROLEUM CORP B3K3L40 167.16 24 4,011.84
0.15 ABNB AIRBNB INC-CLASS A BMGYYH4 153.43 26 3,989.18
0.15 TT TRANE TECHNOLOGIES PLC BK9ZQ96 282.80 14 3,959.20
0.15 NXPI NXP SEMICONDUCTORS NV B505PN7 243.98 16 3,903.68
0.15 GD GENERAL DYNAMICS CORP 2365161 274.31 14 3,840.34
0.15 PSX PHILLIPS 66 B78C4Y8 141.24 27 3,813.48
0.15 AON AON PLC-CLASS A BLP1HW5 317.66 12 3,811.92
0.15 EMR EMERSON ELECTRIC CO 2313405 105.56 36 3,800.16
0.15 APH AMPHENOL CORP-CL A 2145084 108.35 35 3,792.25
0.15 HCA HCA HEALTHCARE INC B4MGBG6 312.06 12 3,744.72
0.14 MAR MARRIOTT INTL-A 2210614 248.99 15 3,734.85
0.14 USB US BANCORP 2736035 41.22 88 3,627.36
0.14 ADSK AUTODESK INC 2065159 255.25 14 3,573.50
0.14 TDG TRANSDIGM GROUP INC B11FJK3 1,172.00 3 3,516.00
0.14 PNC PNC FINANCIAL SE 2692665 145.69 24 3,496.56
0.13 AJG ARTHUR J GALLAGHER & CO 2359506 244.87 14 3,428.18
0.13 FDX FEDEX CORP 2142784 244.37 14 3,421.18
0.13 MCO MOODY'S CORP 2252058 379.86 9 3,418.74
0.13 ECL ECOLAB INC 2304227 225.01 15 3,375.15
0.13 GM GENERAL MOTORS CO B665KZ5 40.51 83 3,362.33
0.13 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 331.25 10 3,312.50
0.13 COF CAPITAL ONE FINA 2654461 137.62 24 3,302.88
0.13 NSC NORFOLK SOUTHERN CORP 2641894 253.55 13 3,296.15
0.13 PXD PIONEER NATURAL 2690830 234.81 14 3,287.34
0.13 EW EDWARDS LIFESCIENCES CORP 2567116 86.00 38 3,268.00
0.13 HLT HILTON WORLDWIDE BYVMW06 203.96 16 3,263.36
0.13 ROP ROPER TECHNOLOGIES INC 2749602 543.45 6 3,260.70
0.13 FCX FREEPORT-MCMORAN INC 2352118 37.41 87 3,254.67
0.13 LULU LULULEMON ATHLETICA INC B23FN39 464.14 7 3,248.98
0.13 CEG CONSTELLATION ENERGY BMH4FS1 170.83 19 3,245.77
0.13 PCAR PACCAR INC 2665861 111.37 29 3,229.73
0.12 OTHER PAYABLE & RECEIVABLES 1.00 3,224 3,224.16
0.12 CTAS CINTAS CORP 2197137 630.72 5 3,153.60
0.12 F FORD MOTOR CO 2615468 12.30 253 3,111.90
0.12 MMM 3M CO 2595708 91.46 34 3,109.64
0.12 AIG AMERICAN INTERNA 2027342 72.43 42 3,042.06
0.12 TFC TRUIST FINANCIAL CORP BKP7287 34.81 87 3,028.47
0.12 APD AIR PRODS & CHEM 2011602 232.41 13 3,021.33
0.12 AZO AUTOZONE INC 2065955 3,011.62 1 3,011.62
0.12 ROST ROSS STORES INC 2746711 150.45 20 3,009.00
0.12 IQV IQVIA HOLDINGS INC BDR73G1 250.31 12 3,003.72
0.12 SPG SIMON PROPERTY GROUP INC 2812452 149.86 20 2,997.20
0.11 WELL WELLTOWER INC BYVYHH4 91.86 32 2,939.52
0.11 GWW WW GRAINGER INC 2380863 974.70 3 2,924.10
0.11 VLO VALERO ENERGY CORP 2041364 139.21 21 2,923.41
0.11 NUE NUCOR CORP 2651086 192.19 15 2,882.85
0.11 CPRT COPART INC 2208073 53.08 54 2,866.32
0.11 TRV TRAVELERS COS INC/THE 2769503 220.42 13 2,865.46
0.11 TEL TE CONNECTIVITY LTD B62B7C3 143.10 20 2,862.00
0.11 IDXX IDEXX LABORATORIES INC 2459202 571.68 5 2,858.40
0.11 MET METLIFE INC 2573209 69.34 41 2,842.94
0.11 MSCI MSCI INC B2972D2 567.91 5 2,839.55
0.11 SRE SEMPRA 2138158 70.67 40 2,826.80
0.11 HUM HUMANA INC 2445063 351.16 8 2,809.28
0.11 PSA PUBLIC STORAGE 2852533 280.29 10 2,802.90
0.11 WMB WILLIAMS COS INC 2967181 35.26 79 2,785.54
0.11 FTNT FORTINET INC B5B2106 69.51 40 2,780.40
0.11 AEP AMERICAN ELECTRIC POWER 2026242 83.32 33 2,749.56
0.11 URI UNITED RENTALS INC 2134781 686.19 4 2,744.76
0.11 STZ CONSTELLATION-A 2170473 247.44 11 2,721.84
0.11 CCI CROWN CASTLE INC BTGQCX1 108.57 25 2,714.25
0.11 MCHP MICROCHIP TECHNOLOGY INC 2592174 82.18 33 2,711.94
0.10 AME AMETEK INC 2089212 178.72 15 2,680.80
0.10 JCI JOHNSON CONTROLS BY7QL61 59.51 45 2,677.95
0.10 OKE ONEOK INC 2130109 74.37 36 2,677.32
0.10 FAST FASTENAL CO 2332262 73.56 36 2,648.16
0.10 O REALTY INCOME CORP 2724193 51.76 51 2,639.94
0.10 DHI DR HORTON INC 2250687 145.98 18 2,627.64
0.10 DXCM DEXCOM INC B0796X4 114.22 23 2,627.06
0.10 HES HESS CORP 2023748 145.40 18 2,617.20
0.10 BK BANK NY MELLON B1Z77F6 55.64 47 2,615.08
0.10 CTSH COGNIZANT TECH-A 2257019 78.48 33 2,589.84
0.10 CARR CARRIER GLOBAL CORP BK4N0D7 54.76 47 2,573.72
0.10 DLR DIGITAL REALTY TRUST INC B03GQS4 142.73 18 2,569.14
0.10 OTIS OTIS WORLDWIDE CORP BK531S8 94.92 27 2,562.84
0.10 LHX L3HARRIS TECHNOLOGIES INC BK9DTN5 213.19 12 2,558.28
0.10 FICO FAIR ISAAC CORP 2330299 1,274.63 2 2,549.26
0.10 KMB KIMBERLY-CLARK CORP 2491839 121.23 21 2,545.83
0.10 D DOMINION ENERGY INC 2542049 47.68 53 2,527.17
0.10 SYY SYSCO CORP 2868165 80.67 31 2,500.77
0.10 YUM YUM! BRANDS INC 2098876 138.60 18 2,494.80
0.10 DOW DOW INC BHXCF84 55.10 45 2,479.50
0.10 AMP AMERIPRISE FINANCIAL INC B0J7D57 410.64 6 2,463.84
0.10 MNST MONSTER BEVERAGE CORP BZ07BW4 55.85 44 2,457.40
0.09 CTVA CORTEVA INC BK73B42 54.38 45 2,447.10
0.09 IR INGERSOLL-RAND INC BL5GZ82 89.85 27 2,425.95
0.09 RSG REPUBLIC SERVICES INC 2262530 185.95 13 2,417.35
0.09 AFL AFLAC INC 2026361 80.56 30 2,416.80
0.09 OXY OCCIDENTAL PETROLEUM CORP 2655408 60.26 40 2,410.40
0.09 PRU PRUDENTIAL FINANCIAL INC 2819118 108.01 22 2,376.22
0.09 VMC VULCAN MATERIALS CO 2931205 262.30 9 2,360.70
0.09 CNC CENTENE CORP 2807061 78.39 30 2,351.70
0.09 GPN GLOBAL PAYMENTS INC 2712013 130.06 18 2,341.08
0.09 FIS FIDELITY NATIONA 2769796 66.87 35 2,340.45
0.09 A AGILENT TECHNOLOGIES INC 2520153 137.01 17 2,329.17
0.09 IT GARTNER INC 2372763 465.69 5 2,328.45
0.09 PAYX PAYCHEX INC 2674458 122.41 19 2,325.79
0.09 GIS GENERAL MILLS INC 2367026 64.30 36 2,314.80
0.09 LEN LENNAR CORP-A 2511920 153.80 15 2,307.00
0.09 MLM MARTIN MARIETTA MATERIALS 2572079 566.10 4 2,264.40
0.09 ALL ALLSTATE CORP 2019952 160.59 14 2,248.26
0.08 KR KROGER CO 2497406 48.53 45 2,183.85
0.08 EXC EXELON CORP 2670519 35.80 61 2,183.80
0.08 ODFL OLD DOMINION FREIGHT LINE 2656423 432.90 5 2,164.50
0.08 CMI CUMMINS INC 2240202 270.36 8 2,162.88
0.08 FANG DIAMONDBACK ENERGY INC B7Y8YR3 179.76 12 2,157.12
0.08 PWR QUANTA SERVICES INC 2150204 238.63 9 2,147.67
0.08 ON ON SEMICONDUCTOR 2583576 76.47 28 2,141.16
0.08 EFX EQUIFAX INC 2319146 267.31 8 2,138.48
0.08 MPWR MONOLITHIC POWER B01Z7J1 710.57 3 2,131.71
0.08 COR CENCORA INC 2795393 236.13 9 2,125.17
0.08 NEM NEWMONT CORP 2636607 29.87 71 2,120.77
0.08 EA ELECTRONIC ARTS INC 2310194 140.08 15 2,101.20
0.08 KMI KINDER MORGAN INC B3NQ4P8 17.15 122 2,092.30
0.08 PCG P G & E CORP 2689560 16.59 126 2,090.34
0.08 XEL XCEL ENERGY INC 2614807 57.67 36 2,076.12
0.08 CSGP COSTAR GROUP INC 2262864 86.35 24 2,072.40
0.08 FTV FORTIVE CORP BYT3MK1 86.29 24 2,070.96
0.08 KVUE KENVUE INC BQ84ZQ6 19.14 107 2,047.98
0.08 MRNA MODERNA INC BGSXTS3 97.48 21 2,047.08
0.08 DLTR DOLLAR TREE INC 2272476 146.14 14 2,045.96
0.08 ROK ROCKWELL AUTOMATION INC 2754060 286.41 7 2,004.87
0.08 PEG PUB SERV ENTERP 2707677 62.63 32 2,004.16
0.08 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 93.02 21 1,953.44
0.08 EXR EXTRA SPACE STORAGE INC B02HWR9 138.29 14 1,936.06
0.08 VRSK VERISK ANALYTICS INC B4P9W92 242.00 8 1,936.00
0.07 BKR BAKER HUGHES CO BDHLTQ5 29.48 65 1,916.20
0.07 EL ESTEE LAUDER 2320524 147.38 13 1,915.94
0.07 ED CONSOLIDATED EDISON INC 2216850 86.65 22 1,906.30
0.07 VICI VICI PROPERTIES INC BYWH073 29.56 64 1,891.84
0.07 HAL HALLIBURTON CO 2405302 34.95 54 1,887.30
0.07 XYL XYLEM INC B3P2CN8 125.63 15 1,884.45
0.07 DFS DISCOVER FINANCI B1YLC43 123.25 15 1,848.75
0.07 PPG PPG INDUSTRIES INC 2698470 140.48 13 1,826.24
0.07 DD DUPONT DE NEMOURS INC BK0VN47 69.63 26 1,810.38
0.07 HWM HOWMET AEROSPACE INC BKLJ8V2 66.76 27 1,802.52
0.07 BIIB BIOGEN INC 2455965 221.74 8 1,773.92
0.07 TSCO TRACTOR SUPPLY COMPANY 2900335 252.60 7 1,768.20
0.07 DVN DEVON ENERGY CORP 2480677 44.03 40 1,761.20
0.07 KHC KRAFT HEINZ CO/THE BYRY499 35.54 49 1,741.46
0.07 CHTR CHARTER COMMUN-A BZ6VT82 288.34 6 1,730.04
0.07 HIG HARTFORD FINL SV 2476193 95.61 18 1,720.98
0.07 DG DOLLAR GENERAL CORP B5B1S13 143.27 12 1,719.24
0.07 CDW CDW CORP/DE BBM5MD6 244.91 7 1,714.37
0.07 WEC WEC ENERGY GROUP INC BYY8XK8 77.20 22 1,698.40
0.07 KEYS KEYSIGHT TECHNOLOGIES IN BQZJ0Q9 153.75 11 1,691.25
0.07 DAL DELTA AIR LINES INC B1W9D46 42.01 40 1,680.40
0.07 ULTA ULTA BEAUTY INC B28TS42 559.16 3 1,677.48
0.07 ACGL ARCH CAPITAL GROUP LTD 2740542 88.28 19 1,677.32
0.07 HSY HERSHEY CO/THE 2422806 186.21 9 1,675.89
0.06 ANSS ANSYS INC 2045623 333.09 5 1,665.45
0.06 WTW WILLIS TOWERS WATSON PLC BDB6Q21 275.18 6 1,651.08
0.06 ZBH ZIMMER BIOMET HO 2783815 124.13 13 1,613.69
0.06 BR BROADRIDGE FINL B1VP7R6 201.45 8 1,611.60
0.06 ADM ARCHER-DANIELS-MIDLAND CO 2047317 53.01 30 1,590.30
0.06 RCL ROYAL CARIBBEAN 2754907 122.09 13 1,587.17
0.06 EBAY EBAY INC 2293819 47.89 33 1,580.37
0.06 RMD RESMED INC 2732903 173.96 9 1,565.64
0.06 KDP KEURIG DR PEPPER INC BD3W133 30.03 52 1,561.56
0.06 ILMN ILLUMINA INC 2613990 140.98 11 1,550.78
0.06 CBRE CBRE GROUP INC - A B6WVMH3 91.20 17 1,550.40
0.06 WY WEYERHAEUSER CO 2958936 34.23 45 1,540.35
0.06 WAB WABTEC CORP 2955733 139.49 11 1,534.39
0.06 FITB FIFTH THIRD BANCORP 2336747 33.58 45 1,511.10
0.06 HPQ HP INC BYX4D52 28.72 52 1,493.44
0.06 EIX EDISON INTERNATIONAL 2829515 67.85 22 1,492.70
0.06 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 98.79 15 1,481.85
0.06 DOV DOVER CORP 2278407 164.36 9 1,479.24
0.06 TTWO TAKE-TWO INTERAC 2122117 147.48 10 1,474.80
0.06 CAH CARDINAL HEALTH INC 2175672 111.66 13 1,451.58
0.06 GLW CORNING INC 2224701 32.09 45 1,444.05
0.06 BRO BROWN & BROWN INC 2692687 84.78 17 1,441.26
0.06 SBAC SBA COMMUNICATIONS CORP BZ6TS23 205.16 7 1,436.12
0.06 WST WEST PHARMACEUT 2950482 357.31 4 1,429.24
0.06 AWK AMERICAN WATER W B2R3PV1 117.91 12 1,414.92
0.05 AVB AVALONBAY COMMUNITIES INC 2131179 176.37 8 1,410.96
0.05 ETR ENTERGY CORP 2317087 100.57 14 1,407.98
0.05 DTE DTE ENERGY COMPANY 2280220 108.10 13 1,405.30
0.05 STE STERIS PLC BFY8C75 231.34 6 1,388.04
0.05 MTB M & T BANK CORP 2340168 138.13 10 1,381.30
0.05 CTRA COTERRA ENERGY INC 2162340 25.54 54 1,379.16
0.05 CBOE CBOE GLOBAL MARKETS INC B5834C5 195.78 7 1,370.46
0.05 BAX BAXTER INTERNATIONAL INC 2085102 41.27 33 1,361.91
0.05 GPC GENUINE PARTS CO 2367480 150.75 9 1,356.75
0.05 IRM IRON MOUNTAIN INC BVFTF03 75.36 18 1,356.48
0.05 BLDR BUILDERS FIRSTSOURCE INC B0BV2M7 193.27 7 1,352.89
0.05 WAT WATERS CORP 2937689 337.68 4 1,350.72
0.05 APTV APTIV PLC B783TY6 78.77 17 1,339.09
0.05 FE FIRSTENERGY CORP 2100920 36.84 36 1,326.24
0.05 STLD STEEL DYNAMICS INC 2849472 132.49 10 1,324.90
0.05 RJF RAYMOND JAMES 2718992 120.43 11 1,324.73
0.05 J JACOBS SOLUTIONS INC BNGC0D3 147.13 9 1,324.17
0.05 STT STATE STREET CORP 2842040 73.37 18 1,320.66
0.05 IFF INTL FLAVORS & FRAGRANCES 2464165 73.21 18 1,317.78
0.05 EQR EQUITY RESIDENTIAL 2319157 59.72 22 1,313.84
0.05 PTC PTC INC B95N910 184.29 7 1,290.03
0.05 LH LABORATORY CP 2586122 214.80 6 1,288.80
0.05 TDY TELEDYNE TECHNOLOGIES INC 2503477 425.43 3 1,276.29
0.05 TRGP TARGA RESOURCES CORP B55PZY3 97.40 13 1,266.20
0.05 INVH INVITATION HOMES INC BD81GW9 33.65 37 1,245.05
0.05 MTD METTLER-TOLEDO 2126249 1,243.57 1 1,243.57
0.05 LUV SOUTHWEST AIRLINES CO 2831543 34.47 36 1,240.92
0.05 CASH 1.00 1,240 1,239.57
0.05 NDAQ NASDAQ INC 2965107 56.32 22 1,239.04
0.05 AXON AXON ENTERPRISE INC BDT5S35 309.22 4 1,236.88
0.05 WBD WARNER BROS DISCOVERY INC BM8JYX3 8.71 142 1,236.82
0.05 TROW T ROWE PRICE GROUP INC 2702337 112.35 11 1,235.85
0.05 GRMN GARMIN LTD B3Z5T14 137.30 9 1,235.70
0.05 EXPE EXPEDIA GROUP INC B748CK2 135.53 9 1,219.77
0.05 ALGN ALIGN TECHNOLOGY INC 2679204 302.39 4 1,209.56
0.05 MOH MOLINA HEALTHCARE INC 2212706 401.78 3 1,205.34
0.05 HPE HEWLETT PACKA BYVYWS0 14.86 81 1,203.66
0.05 CHD CHURCH & DWIGHT CO INC 2195841 100.12 12 1,201.44
0.05 DRI DARDEN RESTAURANTS INC 2289874 170.45 7 1,193.15
0.05 IEX IDEX CORP 2456612 236.68 5 1,183.40
0.05 PPL PPL CORP 2680905 26.24 45 1,180.80
0.05 LVS LAS VEGAS SANDS CORP B02T2J7 53.62 22 1,179.64
0.05 ES EVERSOURCE ENERGY BVVN4Q8 58.61 20 1,172.20
0.05 PHM PULTEGROUP INC 2708841 106.43 11 1,170.73
0.05 VLTO VERALTO CORP BPGMZQ5 87.59 13 1,167.61
0.05 VRSN VERISIGN INC 2142922 194.41 6 1,166.46
0.05 HBAN HUNTINGTON BANCSHARES INC 2445966 12.90 90 1,161.00
0.04 OMC OMNICOM GROUP 2279303 88.10 13 1,145.30
0.04 SYF SYNCHRONY FINANCIAL BP96PS6 40.87 28 1,144.36
0.04 LDOS LEIDOS HOLDINGS INC BDV82B8 126.56 9 1,139.04
0.04 TXT TEXTRON INC 2885937 87.60 13 1,138.80
0.04 COO COOPER COS INC/THE BQPDXR3 94.51 12 1,134.12
0.04 HUBB HUBBELL INC BDFG6S3 370.82 3 1,112.46
0.04 EG EVEREST GROUP LTD 2556868 370.35 3 1,111.05
0.04 FLT FLEETCOR TECHNOLOGIES INC B4R28B3 275.66 4 1,102.64
0.04 TRMB TRIMBLE INC 2903958 60.91 18 1,096.38
0.04 ENPH ENPHASE ENERGY INC B65SQW4 119.10 9 1,071.90
0.04 AVY AVERY DENNISON CORP 2066408 214.16 5 1,070.80
0.04 EXPD EXPEDITORS INTL WASH INC 2325507 118.77 9 1,068.93
0.04 NTRS NORTHERN TRUST CORP 2648668 81.44 13 1,058.72
0.04 PKG PACKAGING CORP OF AMERICA 2504566 176.36 6 1,058.16
0.04 NTAP NETAPP INC 2630643 88.03 12 1,056.36
0.04 CE CELANESE CORP B05MZT4 149.42 7 1,045.94
0.04 FSLR FIRST SOLAR INC B1HMF22 149.25 7 1,044.75
0.04 CCL CARNIVAL CORP 2523044 15.47 67 1,036.49
0.04 WDC WESTERN DIGITAL CORP 2954699 57.46 18 1,034.28
0.04 VTR VENTAS INC 2927925 42.48 24 1,019.52
0.04 WRB WR BERKLEY CORP 2093644 84.56 12 1,014.72
0.04 STX SEAGATE TECHNOLO BKVD2N4 91.61 11 1,007.71
0.04 BALL BALL CORP 2073022 62.62 16 1,001.92
0.04 K KELLANOVA 2486813 55.55 18 999.90
0.04 JBL JABIL INC 2471789 142.09 7 994.63
0.04 EQT EQT CORP 2319414 36.58 27 987.66
0.04 L LOEWS CORP 2523022 75.06 13 975.78
0.04 ARE ALEXANDRIA REAL 2009210 121.40 8 971.20
0.04 HOLX HOLOGIC INC 2433530 74.12 13 963.56
0.04 TSN TYSON FOODS INC-CL A 2909730 53.40 18 961.20
0.04 WBA WALGREENS BOOTS BTN1Y44 21.16 45 952.20
0.04 LKQ LKQ CORP 2971029 52.77 18 949.86
0.04 BG BUNGE GLOBAL SA BQ6BPG9 93.74 10 937.40
0.04 FDS FACTSET RESEARCH 2329770 465.99 2 931.98
0.04 AEE AMEREN CORPORATION 2050832 71.49 13 929.37
0.04 HST HOST HOTELS & RESORTS INC 2567503 20.63 45 928.35
0.04 CLX CLOROX COMPANY 2204026 153.48 6 920.88
0.04 ESS ESSEX PROPERTY TRUST INC 2316619 229.63 4 918.52
0.04 EPAM EPAM SYSTEMS INC B44Z3T8 305.51 3 916.53
0.04 SWKS SKYWORKS SOLUTIONS INC 2961053 101.82 9 916.38
0.04 CINF CINCINNATI FINANCIAL CORP 2196888 113.70 8 909.60
0.04 LW LAMB WESTON HOLDINGS INC BDQZFJ3 100.98 9 908.82
0.04 CNP CENTERPOINT ENERGY INC 2440637 27.48 33 906.84
0.04 TER TERADYNE INC 2884183 100.35 9 903.15
0.04 RF REGIONS FINANCIAL CORP B01R311 18.33 49 898.17
0.04 TFX TELEFLEX INC 2881407 224.45 4 897.80
0.03 DPZ DOMINO'S PIZZA INC B01SD70 446.37 2 892.74
0.03 PFG PRINCIPAL FINANCIAL GROUP 2803014 80.56 11 886.16
0.03 MKC MCCORMICK-N/V 2550161 67.73 13 880.49
0.03 TYL TYLER TECHNOLOGIES INC 2909644 438.71 2 877.42
0.03 BBY BEST BUY CO INC 2094670 79.68 11 876.48
0.03 MRO MARATHON OIL CORP 2910970 24.12 36 868.32
0.03 TPR TAPESTRY INC BF09HX3 47.72 18 858.96
0.03 LNT ALLIANT ENERGY CORP 2973821 47.56 18 856.08
0.03 CMS CMS ENERGY CORP 2219224 57.02 15 855.30
0.03 LYV LIVE NATION ENTE B0T7YX2 94.28 9 848.52
0.03 IPG INTERPUBLIC GRP 2466321 31.41 27 848.07
0.03 VTRS VIATRIS INC BMWS3X9 12.29 69 848.01
0.03 MGM MGM RESORTS INTERNATIONAL 2547419 42.19 20 843.80
0.03 SNA SNAP-ON INC 2818740 275.19 3 825.57
0.03 JBHT HUNT (JB) TRANS 2445416 205.20 4 820.80
0.03 ZBRA ZEBRA TECH CORP 2989356 272.80 3 818.40
0.03 PODD INSULET CORP B1XGNW4 163.60 5 818.00
0.03 TAP MOLSON COORS-B B067BM3 62.45 13 811.85
0.03 WRK WESTROCK CO BYR0914 45.03 18 810.54
0.03 UAL UNITED AIRLINES B4QG225 44.76 18 805.68
0.03 NDSN NORDSON CORP 2641838 266.96 3 800.88
0.03 CF CF INDUSTRIES HO B0G4K50 79.90 10 799.00
0.03 ALB ALBEMARLE CORP 2046853 132.06 6 792.36
0.03 SWK STANLEY BLACK & B3Q2FJ4 87.97 9 791.73
0.03 ATO ATMOS ENERGY CORP 2315359 112.46 7 787.22
0.03 POOL POOL CORP 2781585 393.09 2 786.18
0.03 INCY INCYTE CORP 2471950 59.98 13 779.74
0.03 EMN EASTMAN CHEMICAL CO 2298386 86.49 9 778.41
0.03 GEN GEN DIGITAL INC BJN4XN5 21.40 36 770.40
0.03 GL GLOBE LIFE INC BK6YKG1 128.40 6 770.40
0.03 CRL CHARLES RIVER LA 2604336 256.73 3 770.19
0.03 ALLE ALLEGION PLC BFRT3W7 128.16 6 768.96
0.03 MAS MASCO CORP 2570200 76.70 10 767.00
0.03 AKAM AKAMAI TECHNOLOGIES INC 2507457 108.14 7 756.98
0.03 DGX QUEST DIAGNOSTICS INC 2702791 125.66 6 753.96
0.03 RVTY REVVITY INC 2305844 107.35 7 751.45
0.03 FFIV F5 INC 2427599 185.72 4 742.88
0.03 SJM JM SMUCKER CO/THE 2951452 121.83 6 730.98
0.03 IP INTERNATIONAL PAPER CO 2465254 34.62 21 727.02
0.03 AAL AMERICAN AIRLINE BCV7KT2 15.46 46 711.16
0.03 NRG NRG ENERGY INC 2212922 54.70 13 711.10
0.03 NWSA NEWS CORP - CLASS A BBGVT40 26.33 27 710.91
0.03 CFG CITIZENS FINANCIAL GROUP BQRX1X3 30.74 23 707.02
0.03 KIM KIMCO REALTY CORP 2491594 19.63 36 706.68
0.03 CAG CONAGRA BRANDS INC 2215460 28.13 25 703.25
0.03 NI NISOURCE INC 2645409 25.85 27 697.95
0.03 ROL ROLLINS INC 2747305 43.47 16 695.52
0.03 AES AES CORP 2002479 15.06 46 692.76
0.03 KMX CARMAX INC 2983563 76.71 9 690.39
0.03 PNR PENTAIR PLC BLS09M3 76.67 9 690.03
0.03 HSIC HENRY SCHEIN INC 2416962 76.49 9 688.41
0.03 KEY KEYCORP 2490911 13.92 49 682.08
0.03 MOS MOSAIC CO/THE B3NPHP6 30.89 22 679.58
0.03 TECH BIO-TECHNE CORP BSHZ3Q0 74.39 9 669.51
0.03 JNPR JUNIPER NETWORKS INC 2431846 36.83 18 662.94
0.03 SPX US 03/15/24 P4490 165.00 4 660.00
0.03 UHS UNIVERSAL HLTH-B 2923785 161.53 4 646.12
0.03 ETSY ETSY INC BWTN5N1 71.00 9 639.00
0.03 UDR UDR INC 2727910 35.41 18 637.38
0.03 DVA DAVITA INC 2898087 126.97 5 634.85
0.02 XRAY DENTSPLY SIRONA INC BYNPPC6 33.30 19 632.70
0.02 AMCR AMCOR PLC BJ1F307 8.87 71 629.77
0.02 MAA MID-AMERICA APAR 2589132 125.83 5 629.15
0.02 MTCH MATCH GROUP INC BK80XH9 35.91 17 610.47
0.02 PNW PINNACLE WEST CAPITAL 2048804 66.90 9 602.10
0.02 PEAK HEALTHPEAK PROPERTIES INC BJBLRK3 16.55 36 595.80
0.02 HII HUNTINGTON INGAL B40SSC9 291.85 2 583.70
0.02 CTLT CATALENT INC BP96PQ4 57.94 10 579.40
0.02 HRL HORMEL FOODS CORP 2437264 30.83 18 554.94
0.02 RL RALPH LAUREN CORP B4V9661 183.70 3 551.10
0.02 PAYC PAYCOM SOFTWARE INC BL95MY0 183.60 3 550.80
0.02 REG REGENCY CENTERS CORP 2726177 60.97 9 548.73
0.02 EVRG EVERGY INC BFMXGR0 49.79 11 547.69
0.02 AIZ ASSURANT INC 2331430 182.25 3 546.75
0.02 BEN FRANKLIN RESOURCES INC 2350684 27.01 20 540.20
0.02 FOXA FOX CORP - CLASS A BJJMGL2 29.44 18 529.92
0.02 WHR WHIRLPOOL CORP 2960384 105.88 5 529.40
0.02 BF/B BROWN-FORMAN CORP-CLASS B 2146838 58.49 9 526.41
0.02 JKHY JACK HENRY 2469193 173.33 3 519.99
0.02 IVZ INVESCO LTD B28XP76 15.29 33 504.57
0.02 DAY DAYFORCE INC BFX1V56 71.05 7 497.35
0.02 RHI ROBERT HALF INC 2110703 80.17 6 481.02
0.02 MHK MOHAWK INDUSTRIES INC 2598699 116.11 4 464.44
0.02 CPB CAMPBELL SOUP CO 2162845 42.15 11 463.65
0.02 FMC FMC CORP 2328603 51.29 9 461.61
0.02 CZR CAESARS ENTERTAINMENT INC BMWWGB0 41.44 11 455.84
0.02 HAS HASBRO INC 2414580 50.42 9 453.78
0.02 QRVO QORVO INC BR9YYP4 112.05 4 448.20
0.02 GNRC GENERAC HOLDINGS INC B6197Q2 111.06 4 444.24
0.02 MKTX MARKETAXESS HOLDINGS INC B03Q9D0 212.59 2 425.18
0.02 WYNN WYNN RESORTS LTD 2963811 102.86 4 411.44
0.02 PARA PARAMOUNT GLOBAL-CLASS B BKTNTR9 11.06 36 398.16
0.02 APA APA CORP BNNF1C1 29.95 13 389.35
0.01 CPT CAMDEN PROPERTY TRUST 2166320 93.77 4 375.08
0.01 ZION ZIONS BANCORP NA 2989828 38.08 9 342.72
0.01 BBWI BATH & BODY WORKS INC BNNTGJ5 48.33 7 338.31
0.01 AOS SMITH (A.O.) CORP 2816023 82.89 4 331.56
0.01 BIO BIO-RAD LABORATORIES-A 2098508 330.35 1 330.35
0.01 BXP BOSTON PROPERTIES INC 2019479 63.82 5 319.10
0.01 NCLH NORWEGIAN CRUISE B9CGTC3 18.70 17 317.90
0.01 FRT FEDERAL REALTY INVS TRUST BN7P9B2 98.67 3 296.01
0.01 CHRW CH ROBINSON 2116228 73.78 4 295.12
0.01 VFC VF CORP 2928683 16.17 18 291.06
0.01 BWA BORGWARNER INC 2111955 30.67 9 276.03
0.01 NWS NEWS CORP - CLASS B BBGVT51 27.48 9 247.32
0.01 FOX FOX CORP - CLASS B BJJMGY5 26.96 9 242.64
0.01 XSP US 03/15/24 P449 16.50 11 181.50
0.01 CMA COMERICA INC 2212870 48.52 3 145.56
-0.04 XSP US 03/15/24 C520 84.50 -11 -929.50
-0.12 SPX US 03/15/24 C5200 785.00 -4 -3,140.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 02/27/24

Return on Equity 20.80%
Weighted Avg. Market Cap 788,772 M
2023 2024
Price-to-earnings 22.84 20.61
Price-to-book value 4.63 3.98

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 01/31/24

Versus Beta
S&P 500 0.59
NASDAQ-100 0.44
MSCI EAFE 0.53
MSCI Emg. Mkts 0.44
Standard Deviation 12.00%

Source: new windowAltaVista Research, LLC

ETF Research

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

XCLR 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 collar strategy involves holding shares of the underlying stock while simultaneously buying put options and selling call options against that holding. XCLR writes covered call index options on the and purchases put options on S&P 500 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. By purchasing put options, in return for the payment of premiums, the Fund may be protected from a significant decline in the price of the S&P 500 Index if the put options become in the money (S&P 500 closes below the strike price as of the expiration date); but during periods where the S&P 500 Index appreciates, the Fund will underperform due to the cost of the premiums paid. 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 S&P 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.