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 12/01/22

Inception Date 08/25/21
Total Expense Ratio 0.60%
Net Assets $4.08 million
NAV $25.47
Fact Sheet

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 12/01/22

Ticker XCLR
Bloomberg Index Ticker CLL3M
CUSIP 37960A305
ISIN US37960A3059
Primary Exchange NYSE Arca
Shares Outstanding 160,000
Number of Holdings 506
30-Day Median Bid-Ask Spread 0.32%

Distributions As of 12/01/22

30-Day SEC Yield 1.07%
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 12/01/22

NAV $25.47 Daily Change -$0.01 -0.03%
Market Price $25.49 Daily Change $0.04 0.15%

Performance History

As of recent
(09/30/22)
As of recent
(09/30/22)
Fund NAV Market Price Index
1 Year -8.59% -8.65% -8.15%
Since Inception -10.59% -10.46% -10.15%
1 Year -9.40% -9.46% -9.05%
Since Inception -7.17% -7.14% -6.82%
Year-to-Date -14.03% -14.11% -13.88%
1 Month -5.14% -5.13% -4.97%
3 Months -1.91% -1.70% -1.69%
Since Inception -11.58% -11.43% -11.09%
Year-to-Date -10.98% -11.17% -10.91%
1 Month 3.55% 3.42% 3.45%
3 Months -2.55% -2.59% -2.44%
Since Inception -8.43% -8.40% -8.02%

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 12/01/22

Option Positions Notional Exposure Strike Moneyness Expiration Date Calendar Days to Expiry
Short S&P 500 Call Option -$3,668,913 4240 96.10% 12/16/2022 15
Long S&P 500 Put Option $3,668,913 3660 89.80% 12/16/2022 15
Short S&P 500 Mini Call Option -$407,657 424 96.10% 12/16/2022 15
Long S&P 500 Mini Put Option $407,657 366 89.80% 12/16/2022 15

Top Holdings As of 12/01/22

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
6.56 AAPL APPLE INC 2046251 148.31 1,802 267,254.62
5.56 MSFT MICROSOFT CORP 2588173 254.69 890 226,674.10
2.48 AMZN AMAZON.COM INC 2000019 95.50 1,058 101,039.00
1.76 GOOGL ALPHABET INC-CL A BYVY8G0 100.99 712 71,904.88
1.66 BRK/B BERKSHIRE HATH-B 2073390 315.84 214 67,589.76
1.58 GOOG ALPHABET INC-CL C BYY88Y7 101.28 637 64,515.36
1.51 TSLA TESLA INC B616C79 194.70 317 61,719.90
1.46 UNH UNITEDHEALTH GROUP INC 2917766 535.26 111 59,413.86
1.37 JNJ JOHNSON & JOHNSON 2475833 178.74 312 55,766.88
1.34 XOM EXXON MOBIL CORP 2326618 110.80 494 54,735.20
1.25 NVDA NVIDIA CORP 2379504 171.35 297 50,890.95
1.16 JPM JPMORGAN CHASE & CO 2190385 136.24 348 47,411.52
1.04 PG PROCTER & GAMBLE CO/THE 2704407 149.25 283 42,237.75
1.03 V VISA INC-CLASS A SHARES B2PZN04 217.00 194 42,098.00
0.98 HD HOME DEPOT INC 2434209 327.07 122 39,902.54
0.95 CVX CHEVRON CORP 2838555 182.49 213 38,870.37
0.89 MA MASTERCARD INC - A B121557 360.80 101 36,440.80
0.85 LLY ELI LILLY & CO 2516152 370.33 93 34,440.69
0.83 PFE PFIZER INC 2684703 51.08 665 33,968.20
0.83 ABBV ABBVIE INC B92SR70 161.63 209 33,780.67
0.81 MRK MERCK & CO. INC. 2778844 109.80 300 32,940.00
0.80 META META PLATFORMS INC B7TL820 120.44 270 32,518.80
0.74 PEP PEPSICO INC 2681511 185.90 163 30,301.70
0.74 BAC BANK OF AMERICA CORP 2295677 36.55 828 30,263.40
0.72 KO COCA-COLA CO/THE 2206657 63.79 461 29,407.19
0.66 COST COSTCO WHOLESALE CORP 2701271 503.86 53 26,704.58
0.65 AVGO BROADCOM INC BDZ78H9 550.75 48 26,436.00
0.64 WMT WALMART INC 2936921 153.37 171 26,226.27
0.64 TMO THERMO FISHER 2886907 564.56 46 25,969.76
0.60 CSCO CISCO SYSTEMS INC 2198163 49.97 489 24,435.33
0.58 MCD MCDONALD'S CORP 2550707 273.40 87 23,785.80
0.56 ACN ACCENTURE PLC-CL A B4BNMY3 302.83 75 22,712.25
0.55 ABT ABBOTT LABORATORIES 2002305 107.93 207 22,341.51
0.53 DHR DANAHER CORP 2250870 274.54 79 21,688.66
0.52 DIS WALT DISNEY CO/THE 2270726 98.59 216 21,295.44
0.52 WFC WELLS FARGO & CO 2649100 46.87 448 20,997.76
0.50 BMY BRISTOL-MYERS SQUIBB CO 2126335 80.88 252 20,381.76
0.49 LIN LINDE PLC BZ12WP8 337.26 59 19,898.34
0.48 NEE NEXTERA ENERGY INC 2328915 84.83 232 19,680.56
0.47 ADBE ADOBE INC 2008154 344.11 56 19,270.16
0.47 TXN TEXAS INSTRUMENTS INC 2885409 177.50 108 19,170.00
0.47 VZ VERIZON COMMUNIC 2090571 38.33 496 19,011.68
0.46 CMCSA COMCAST CORP-CLASS A 2044545 36.28 520 18,865.60
0.46 PM PHILIP MORRIS IN B2PKRQ3 102.46 183 18,750.18
0.46 AMGN AMGEN INC 2023607 285.94 65 18,586.10
0.45 COP CONOCOPHILLIPS 2685717 123.06 150 18,459.00
0.44 CRM SALESFORCE INC 2310525 147.00 121 17,787.00
0.43 RTX RAYTHEON TECHNOL BM5M5Y3 99.50 174 17,313.00
0.42 HON HONEYWELL INTL 2020459 217.39 79 17,173.81
0.41 QCOM QUALCOMM INC 2714923 126.81 132 16,738.92
0.41 NKE NIKE INC -CL B 2640147 110.77 149 16,504.73
0.40 NFLX NETFLIX INC 2857817 316.95 52 16,481.40
0.40 IBM IBM 2005973 149.16 110 16,407.60
0.40 UPS UNITED PARCEL-B 2517382 190.19 86 16,356.34
0.40 LOW LOWE'S COS INC 2536763 215.48 75 16,161.00
0.40 T AT&T INC 2831811 19.19 839 16,100.41
0.39 UNP UNION PACIFIC CORP 2914734 215.93 74 15,978.82
0.39 CVS CVS HEALTH CORP 2577609 101.65 155 15,755.75
0.38 GS GOLDMAN SACHS GROUP INC 2407966 383.81 40 15,352.40
0.38 CAT CATERPILLAR INC 2180201 235.69 65 15,319.85
0.37 ELV ELEVANCE HEALTH INC BSPHGL4 523.97 29 15,195.13
0.37 SCHW SCHWAB (CHARLES) CORP 2779397 81.73 185 15,120.05
0.37 ORCL ORACLE CORP 2661568 84.11 179 15,055.69
0.37 DE DEERE & CO 2261203 441.81 34 15,021.54
0.37 INTC INTEL CORP 2463247 29.83 500 14,915.00
0.37 SPGI S&P GLOBAL INC BYV2325 362.58 41 14,865.71
0.36 AMD ADVANCED MICRO DEVICES 2007849 77.48 190 14,721.23
0.36 MS MORGAN STANLEY 2262314 93.00 158 14,694.00
0.36 SBUX STARBUCKS CORP 2842255 103.37 141 14,575.17
0.34 LMT LOCKHEED MARTIN CORP 2522096 483.69 29 14,027.01
0.34 INTU INTUIT INC 2459020 416.07 33 13,730.31
0.34 ADP AUTOMATIC DATA PROCESSING 2065308 267.95 51 13,665.45
0.33 GILD GILEAD SCIENCES INC 2369174 87.90 155 13,624.50
0.33 PLD PROLOGIS INC B44WZD7 117.10 114 13,349.40
0.32 BLK BLACKROCK INC 2494504 722.18 18 12,999.24
0.31 AMT AMERICAN TOWER CORP B7FBFL2 221.30 57 12,614.10
0.30 MDT MEDTRONIC PLC BTN1Y11 79.25 156 12,363.00
0.30 BA BOEING CO/THE 2108601 175.78 69 12,128.82
0.30 ISRG INTUITIVE SURGICAL INC 2871301 274.49 44 12,077.56
0.29 CI CIGNA CORP BHJ0775 323.45 36 11,644.20
0.29 GE GENERAL ELECTRIC CO BL59CR9 85.26 136 11,595.36
0.28 TJX TJX COMPANIES INC 2989301 79.74 145 11,562.30
0.27 TMUS T-MOBILE US INC B94Q9V0 151.81 73 11,082.13
0.27 AXP AMERICAN EXPRESS CO 2026082 157.50 70 11,025.00
0.27 MDLZ MONDELEZ INTER-A B8CKK03 68.09 161 10,962.49
0.27 AMAT APPLIED MATERIALS INC 2046552 107.01 102 10,915.02
0.27 C CITIGROUP INC 2297907 47.78 227 10,846.06
0.26 MMC MARSH & MCLENNAN COS 2567741 173.03 62 10,727.86
0.26 CB CHUBB LTD B3BQMF6 218.32 49 10,697.68
0.26 PYPL PAYPAL HOLDINGS INC BYW36M8 78.53 136 10,680.08
0.26 NOW SERVICENOW INC B80NXX8 425.60 25 10,640.00
0.26 MO ALTRIA GROUP INC 2692632 47.01 223 10,483.23
0.26 ADI ANALOG DEVICES INC 2032067 170.72 61 10,413.92
0.25 BKNG BOOKING HOLDINGS INC BDRXDB4 2,060.29 5 10,301.45
0.25 EOG EOG RESOURCES INC 2318024 140.54 72 10,118.88
0.24 REGN REGENERON PHARMACEUTICALS 2730190 761.24 13 9,896.12
0.24 VRTX VERTEX PHARM 2931034 320.76 30 9,622.80
0.23 NOC NORTHROP GRUMMAN CORP 2648806 530.30 18 9,545.40
0.23 DUK DUKE ENERGY CORP B7VD3F2 100.31 95 9,529.45
0.23 PGR PROGRESSIVE CORP 2705024 131.26 72 9,450.72
0.23 TGT TARGET CORP 2259101 165.03 57 9,406.71
0.23 SYK STRYKER CORP 2853688 240.77 39 9,390.03
0.22 SLB SCHLUMBERGER LTD 2779201 51.76 176 9,109.76
0.22 ZTS ZOETIS INC B95WG16 156.64 58 9,085.12
0.22 SO SOUTHERN CO/THE 2829601 67.72 131 8,871.32
0.22 BDX BECTON DICKINSON AND CO 2087807 250.83 35 8,779.05
0.21 APD AIR PRODS & CHEM 2011602 312.04 28 8,737.12
0.21 PNC PNC FINANCIAL SE 2692665 164.80 51 8,404.80
0.20 HUM HUMANA INC 2445063 548.37 15 8,225.55
0.20 BSX BOSTON SCIENTIFIC CORP 2113434 46.12 178 8,209.36
0.20 MMM 3M CO 2595708 125.99 65 8,189.35
0.20 CSX CSX CORP 2160753 32.68 250 8,170.00
0.20 ETN EATON CORP PLC B8KQN82 163.36 50 8,168.00
0.20 FISV FISERV INC 2342034 105.03 77 8,087.31
0.19 WM WASTE MANAGEMENT INC 2937667 167.82 47 7,887.54
0.19 AON AON PLC-CLASS A BLP1HW5 303.07 26 7,879.82
0.19 LRCX LAM RESEARCH CORP 2502247 463.14 17 7,873.38
0.19 CME CME GROUP INC 2965839 177.90 44 7,827.60
0.19 MRNA MODERNA INC BGSXTS3 181.48 43 7,803.64
0.19 EQIX EQUINIX INC BVLZX12 698.15 11 7,679.65
0.19 MU MICRON TECHNOLOGY INC 2588184 55.49 138 7,657.62
0.19 CCI Crown Castle Inc BTGQCX1 141.71 54 7,652.34
0.19 TFC TRUIST FINANCIAL CORP BKP7287 46.22 165 7,626.30
0.19 USB US BANCORP 2736035 45.35 167 7,573.45
0.19 ICE INTERCONTINENTAL BFSSDS9 109.53 69 7,557.57
0.18 CL COLGATE-PALMOLIVE CO 2209106 77.75 96 7,464.00
0.18 GM GENERAL MOTORS CO B665KZ5 40.43 182 7,358.26
0.18 ITW ILLINOIS TOOL WORKS 2457552 227.43 32 7,277.76
0.18 FCX FREEPORT-MCMORAN INC 2352118 39.57 180 7,122.60
0.17 EMR EMERSON ELECTRIC CO 2313405 95.64 74 7,077.36
0.17 MPC MARATHON PETROLEUM CORP B3K3L40 120.23 58 6,973.34
0.17 F FORD MOTOR CO 2615468 14.08 493 6,941.44
0.17 NSC NORFOLK SOUTHERN CORP 2641894 256.36 27 6,921.72
0.17 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 857.18 8 6,857.44
0.17 MCK MCKESSON CORP 2378534 379.72 18 6,834.96
0.17 SNPS SYNOPSYS INC 2867719 357.84 19 6,798.96
0.17 SHW SHERWIN-WILLIAMS CO/THE 2804211 251.61 27 6,793.47
0.17 EL ESTEE LAUDER 2320524 231.96 29 6,726.84
0.16 PXD PIONEER NATURAL 2690830 239.07 28 6,693.96
0.16 DG DOLLAR GENERAL CORP B5B1S13 236.34 28 6,617.52
0.16 GD GENERAL DYNAMICS CORP 2365161 252.27 26 6,559.02
0.16 SRE SEMPRA ENERGY 2138158 167.22 39 6,521.58
0.16 CASH 1.00 6,504 6,504.03
0.16 PSX PHILLIPS 66 B78C4Y8 108.04 60 6,482.40
0.16 GIS GENERAL MILLS INC 2367026 85.42 75 6,406.50
0.16 VLO VALERO ENERGY CORP 2041364 132.03 48 6,337.44
0.15 KLAC KLA CORP 2480138 390.73 16 6,251.68
0.15 ATVI ACTIVISION BLIZZARD INC 2575818 75.19 83 6,240.77
0.15 AEP AMERICAN ELECTRIC POWER 2026242 96.48 64 6,174.72
0.15 MET METLIFE INC 2573209 76.65 80 6,132.00
0.15 MCO MOODY'S CORP 2252058 306.08 20 6,121.60
0.15 D DOMINION ENERGY INC 2542049 60.37 101 6,097.37
0.15 APH AMPHENOL CORP-CL A 2145084 80.87 75 6,065.25
0.15 AIG AMERICAN INTERNA 2027342 63.10 96 6,057.60
0.15 EW EDWARDS LIFESCIENCES CORP 2567116 77.56 77 5,972.12
0.15 HCA HCA HEALTHCARE INC B4MGBG6 238.47 25 5,961.75
0.15 A AGILENT TECHNOLOGIES INC 2520153 156.12 38 5,932.56
0.15 OXY OCCIDENTAL PETROLEUM CORP 2655408 68.80 86 5,916.80
0.14 ADM ARCHER-DANIELS-MIDLAND CO 2047317 91.32 64 5,844.48
0.14 ROP ROPER TECHNOLOGIES INC 2749602 444.73 13 5,781.49
0.14 KMB KIMBERLY-CLARK CORP 2491839 136.60 42 5,737.20
0.14 NXPI NXP SEMICONDUCTORS NV B505PN7 173.44 33 5,723.52
0.14 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 271.78 21 5,707.38
0.14 TRV TRAVELERS COS INC/THE 2769503 189.14 30 5,674.20
0.14 CNC CENTENE CORP 2807061 85.81 66 5,663.46
0.14 CDNS CADENCE DESIGN SYS INC 2302232 176.78 32 5,656.96
0.14 MAR MARRIOTT INTL-A 2210614 165.19 34 5,616.46
0.14 PSA PUBLIC STORAGE 2852533 295.48 19 5,614.12
0.14 FIS FIDELITY NATIONA 2769796 73.18 76 5,561.68
0.14 SYY SYSCO CORP 2868165 86.04 64 5,506.56
0.13 CHTR CHARTER COMMUN-A BZ6VT82 389.16 14 5,448.24
0.13 FDX FEDEX CORP 2142784 180.45 30 5,413.50
0.13 LHX L3HARRIS TECHNOLOGIES INC BK9DTN5 225.39 24 5,409.36
0.13 ADSK AUTODESK INC 2065159 206.93 26 5,380.18
0.13 JCI JOHNSON CONTROLS BY7QL61 66.90 80 5,352.00
0.13 TT TRANE TECHNOLOGIES PLC BK9ZQ96 178.18 30 5,345.40
0.13 WMB WILLIAMS COS INC 2967181 34.92 153 5,342.76
0.13 CTVA CORTEVA INC BK73B42 66.25 80 5,300.00
0.13 IQV IQVIA HOLDINGS INC BDR73G1 220.55 24 5,293.20
0.13 DVN DEVON ENERGY CORP 2480677 68.28 77 5,257.56
0.13 MSCI MSCI INC B2972D2 521.39 10 5,213.90
0.13 DXCM DEXCOM INC B0796X4 118.03 44 5,193.32
0.13 AZO AUTOZONE INC 2065955 2,552.97 2 5,105.94
0.13 CTAS CINTAS CORP 2197137 462.45 11 5,086.95
0.12 TEL TE CONNECTIVITY LTD B62B7C3 126.80 40 5,072.00
0.12 PRU PRUDENTIAL FINANCIAL INC 2819118 107.73 47 5,063.31
0.12 PAYX PAYCHEX INC 2674458 125.90 40 5,036.00
0.12 ENPH ENPHASE ENERGY INC B65SQW4 314.00 16 5,024.00
0.12 MCHP MICROCHIP TECHNOLOGY INC 2592174 78.32 64 5,012.48
0.12 SPG SIMON PROPERTY GROUP INC 2812452 119.01 42 4,998.42
0.12 CMG CHIPOTLE MEXICAN B0X7DZ3 1,625.83 3 4,877.49
0.12 COF CAPITAL ONE FINA 2654461 99.32 49 4,866.68
0.12 BIIB BIOGEN INC 2455965 301.85 16 4,829.60
0.12 NEM NEWMONT CORP 2636607 48.57 99 4,808.43
0.12 NUE NUCOR CORP 2651086 149.25 32 4,776.00
0.12 PH PARKER HANNIFIN CORP 2671501 297.52 16 4,760.32
0.12 O REALTY INCOME CORP 2724193 62.81 75 4,710.75
0.11 STZ CONSTELLATION-A 2170473 258.72 18 4,656.96
0.11 DOW DOW INC BHXCF84 51.07 91 4,647.37
0.11 AMP AMERIPRISE FINANCIAL INC B0J7D57 330.93 14 4,633.02
0.11 AFL AFLAC INC 2026361 71.91 64 4,602.24
0.11 ROST ROSS STORES INC 2746711 117.98 39 4,601.22
0.11 AJG ARTHUR J GALLAGHER & CO 2359506 199.72 23 4,593.56
0.11 HES HESS CORP 2023748 143.37 32 4,587.84
0.11 KMI KINDER MORGAN INC B3NQ4P8 19.15 239 4,576.85
0.11 EXC EXELON CORP 2670519 41.53 110 4,568.30
0.11 HLT HILTON WORLDWIDE BYVMW06 142.30 32 4,553.60
0.11 MNST MONSTER BEVERAGE CORP BZ07BW4 103.25 44 4,543.00
0.11 XEL XCEL ENERGY INC 2614807 70.19 64 4,492.16
0.11 MTD METTLER-TOLEDO 2126249 1,490.33 3 4,470.99
0.11 FTNT FORTINET INC B5B2106 55.38 80 4,430.40
0.11 ILMN ILLUMINA INC 2613990 220.86 20 4,417.20
0.11 ECL ECOLAB INC 2304227 151.94 29 4,406.26
0.11 IDXX IDEXX LABORATORIES INC 2459202 439.17 10 4,391.70
0.11 CARR CARRIER GLOBAL CORP BK4N0D7 44.93 97 4,358.21
0.10 DD DUPONT DE NEMOURS INC BK0VN47 70.42 60 4,225.20
0.10 ALL ALLSTATE CORP 2019952 132.01 32 4,224.32
0.10 EA ELECTRONIC ARTS INC 2310194 131.62 32 4,211.84
0.10 DLTR DOLLAR TREE INC 2272476 149.72 28 4,192.16
0.10 VICI VICI PROPERTIES INC BYWH073 33.86 123 4,164.78
0.10 ON ON SEMICONDUCTOR 2583576 73.99 56 4,143.44
0.10 YUM YUM! BRANDS INC 2098876 129.19 32 4,134.08
0.10 HAL HALLIBURTON CO 2405302 37.89 109 4,130.01
0.10 ANET ARISTA NETWORKS INC BN33VM5 139.78 29 4,053.62
0.10 PPG PPG INDUSTRIES INC 2698470 134.96 30 4,048.80
0.10 WELL WELLTOWER INC BYVYHH4 70.99 57 4,046.43
0.10 PCAR PACCAR INC 2665861 105.95 38 4,026.10
0.10 AME AMETEK INC 2089212 143.29 28 4,012.12
0.10 KEYS KEYSIGHT TECHNOLOGIES IN BQZJ0Q9 181.48 22 3,992.56
0.10 CMI CUMMINS INC 2240202 249.26 16 3,988.16
0.10 WEC WEC ENERGY GROUP INC BYY8XK8 97.29 40 3,891.60
0.10 KR KROGER CO 2497406 48.41 80 3,872.80
0.10 MTB M & T BANK CORP 2340168 168.32 23 3,871.36
0.10 ALB ALBEMARLE CORP 2046853 275.29 14 3,854.06
0.09 CTSH COGNIZANT TECH-A 2257019 62.62 61 3,819.82
0.09 ED CONSOLIDATED EDISON INC 2216850 97.85 39 3,816.15
0.09 TDG TRANSDIGM GROUP INC B11FJK3 634.64 6 3,807.84
0.09 PEG PUB SERV ENTERP 2707677 60.40 63 3,805.20
0.09 OTIS OTIS WORLDWIDE CORP BK531S8 78.83 48 3,783.84
0.09 RSG REPUBLIC SERVICES INC 2262530 139.75 27 3,773.25
0.09 BK BANK NY MELLON B1Z77F6 45.76 82 3,752.32
0.09 ROK ROCKWELL AUTOMATION INC 2754060 266.75 14 3,734.50
0.09 CSGP COSTAR GROUP INC 2262864 82.95 45 3,732.75
0.09 VRSK VERISK ANALYTICS INC B4P9W92 186.14 20 3,722.80
0.09 HSY HERSHEY CO/THE 2422806 231.88 16 3,710.08
0.09 RMD RESMED INC 2732903 229.34 16 3,669.44
0.09 CPRT COPART INC 2208073 67.67 54 3,654.18
0.09 KDP KEURIG DR PEPPER INC BD3W133 38.71 94 3,638.74
0.09 SBAC SBA COMMUNICATIONS CORP BZ6TS23 301.21 12 3,614.52
0.09 ODFL OLD DOMINION FREIGHT LINE 2656423 300.89 12 3,610.68
0.09 KHC KRAFT HEINZ CO/THE BYRY499 39.49 91 3,593.59
0.09 DLR DIGITAL REALTY TRUST INC B03GQS4 111.70 32 3,574.40
0.09 IT GARTNER INC 2372763 356.27 10 3,562.70
0.09 BKR BAKER HUGHES CO BDHLTQ5 29.26 119 3,481.94
0.08 IFF INTL FLAVORS & FRAGRANCES 2464165 106.74 32 3,415.68
0.08 DFS DISCOVER FINANCI B1YLC43 106.53 32 3,408.96
0.08 APTV APTIV PLC B783TY6 105.19 32 3,366.08
0.08 CBRE CBRE GROUP INC - A B6WVMH3 79.54 42 3,340.68
0.08 ZBH ZIMMER BIOMET HO 2783815 123.35 27 3,330.45
0.08 GPN GLOBAL PAYMENTS INC 2712013 103.53 32 3,312.96
0.08 ULTA ULTA BEAUTY INC B28TS42 472.53 7 3,307.71
0.08 CEG CONSTELLATION ENERGY BMH4FS1 94.47 35 3,306.49
0.08 WBA WALGREENS BOOTS BTN1Y44 41.31 80 3,304.80
0.08 FAST FASTENAL CO 2332262 51.56 64 3,299.84
0.08 DHI DR HORTON INC 2250687 86.70 38 3,294.60
0.08 WBD WARNER BROS DISCOVERY INC BM8JYX3 11.63 279 3,244.77
0.08 OKE ONEOK INC 2130109 67.20 48 3,225.60
0.08 EIX EDISON INTERNATIONAL 2829515 65.52 49 3,210.48
0.08 URI UNITED RENTALS INC 2134781 356.42 9 3,207.78
0.08 EBAY EBAY INC 2293819 45.16 71 3,206.36
0.08 WTW WILLIS TOWERS WATSON PLC BDB6Q21 246.61 13 3,205.93
0.08 FTV FORTIVE CORP BYT3MK1 67.89 47 3,190.83
0.08 FANG DIAMONDBACK ENERGY INC B7Y8YR3 144.70 22 3,183.40
0.08 TROW T ROWE PRICE GROUP INC 2702337 127.09 25 3,177.25
0.08 HIG HARTFORD FINL SV 2476193 75.63 42 3,176.46
0.08 TSCO TRACTOR SUPPLY COMPANY 2900335 224.63 14 3,144.82
0.08 PCG P G & E CORP 2689560 15.62 200 3,124.00
0.08 ES EVERSOURCE ENERGY BVVN4Q8 83.91 37 3,104.67
0.08 HPQ HP INC BYX4D52 29.86 103 3,075.58
0.08 STT STATE STREET CORP 2842040 78.72 39 3,070.08
0.08 CDW CDW CORP/DE BBM5MD6 191.21 16 3,059.36
0.07 ETR ENTERGY CORP 2317087 116.30 26 3,023.80
0.07 GWW WW GRAINGER INC 2380863 603.18 5 3,015.90
0.07 GPC GENUINE PARTS CO 2367480 184.90 16 2,958.40
0.07 VMC VULCAN MATERIALS CO 2931205 183.83 16 2,941.28
0.07 FRC FIRST REPUBLIC BANK/CA B4WHY15 127.36 23 2,929.28
0.07 AWK AMERICAN WATER W B2R3PV1 154.01 19 2,926.19
0.07 MLM MARTIN MARIETTA MATERIALS 2572079 365.38 8 2,923.04
0.07 PFG PRINCIPAL FINANCIAL GROUP 2803014 90.92 32 2,909.44
0.07 DTE DTE ENERGY COMPANY 2280220 116.12 25 2,903.00
0.07 LH LABORATORY CP 2586122 241.77 12 2,901.24
0.07 BAX BAXTER INTERNATIONAL INC 2085102 52.38 55 2,880.90
0.07 FITB FIFTH THIRD BANCORP 2336747 35.77 80 2,861.60
0.07 EQR EQUITY RESIDENTIAL 2319157 64.65 44 2,844.60
0.07 AEE AMEREN CORPORATION 2050832 88.70 32 2,838.40
0.07 LEN LENNAR CORP-A 2511920 88.16 32 2,821.12
0.07 AVB AVALONBAY COMMUNITIES INC 2131179 174.18 16 2,786.88
0.07 DAL DELTA AIR LINES INC B1W9D46 35.38 78 2,759.64
0.07 ABC AMERISOURCEBERGEN CORP 2795393 171.63 16 2,746.08
0.07 GLW CORNING INC 2224701 34.24 80 2,739.20
0.07 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 84.64 32 2,708.48
0.07 ACGL ARCH CAPITAL GROUP LTD 2740542 59.76 45 2,689.20
0.07 MOH MOLINA HEALTHCARE INC 2212706 334.83 8 2,678.64
0.07 FE FIRSTENERGY CORP 2100920 41.38 64 2,648.32
0.07 EFX EQUIFAX INC 2319146 202.25 13 2,629.25
0.06 IR INGERSOLL-RAND INC BL5GZ82 54.29 48 2,605.92
0.06 ANSS ANSYS INC 2045623 259.61 10 2,596.10
0.06 EPAM EPAM SYSTEMS INC B44Z3T8 369.60 7 2,587.20
0.06 WY WEYERHAEUSER CO 2958936 32.28 80 2,582.40
0.06 LUV SOUTHWEST AIRLINES CO 2831543 40.08 64 2,565.12
0.06 EXR EXTRA SPACE STORAGE INC B02HWR9 160.05 16 2,560.80
0.06 CHD CHURCH & DWIGHT CO INC 2195841 82.24 31 2,549.44
0.06 TDY TELEDYNE TECHNOLOGIES INC 2503477 424.45 6 2,546.70
0.06 CAH CARDINAL HEALTH INC 2175672 79.26 32 2,536.32
0.06 NTRS NORTHERN TRUST CORP 2648668 93.63 27 2,528.01
0.06 CTRA COTERRA ENERGY INC 2162340 27.43 92 2,523.56
0.06 CFG CITIZENS FINANCIAL GROUP BQRX1X3 41.98 60 2,518.80
0.06 XYL XYLEM INC B3P2CN8 113.80 22 2,503.60
0.06 STE STERIS PLC BFY8C75 192.31 13 2,500.03
0.06 HBAN HUNTINGTON BANCSHARES INC 2445966 15.59 160 2,494.40
0.06 CF CF INDUSTRIES HO B0G4K50 103.64 24 2,487.36
0.06 ARE ALEXANDRIA REAL 2009210 154.87 16 2,477.92
0.06 WAB WABTEC CORP 2955733 103.04 24 2,472.96
0.06 MRO MARATHON OIL CORP 2910970 30.09 82 2,467.38
0.06 NDAQ NASDAQ INC 2965107 68.49 36 2,465.64
0.06 RJF RAYMOND JAMES 2718992 117.41 21 2,465.61
0.06 HOLX HOLOGIC INC 2433530 76.99 32 2,463.68
0.06 DGX QUEST DIAGNOSTICS INC 2702791 152.61 16 2,441.76
0.06 WAT WATERS CORP 2937689 346.93 7 2,428.51
0.06 PWR QUANTA SERVICES INC 2150204 151.73 16 2,427.68
0.06 HPE HEWLETT PACKA BYVYWS0 16.82 144 2,422.08
0.06 VTR VENTAS INC 2927925 46.37 52 2,411.24
0.06 CLX CLOROX COMPANY 2204026 149.86 16 2,397.76
0.06 FDS FACTSET RESEARCH 2329770 472.16 5 2,360.80
0.06 PPL PPL CORP 2680905 29.29 80 2,343.20
0.06 K KELLOGG CO 2486813 73.20 32 2,342.40
0.06 DRI DARDEN RESTAURANTS INC 2289874 145.65 16 2,330.40
0.06 MKC MCCORMICK-N/V 2550161 85.73 27 2,314.71
0.06 SYF SYNCHRONY FINANCIAL BP96PS6 35.94 64 2,300.16
0.06 MPWR MONOLITHIC POWER B01Z7J1 382.07 6 2,292.42
0.06 COO COOPER COS INC/THE 2222631 326.62 7 2,286.34
0.06 DOV DOVER CORP 2278407 142.49 16 2,279.84
0.06 RF REGIONS FINANCIAL CORP B01R311 22.99 98 2,253.02
0.06 VRSN VERISIGN INC 2142922 204.57 11 2,250.27
0.06 OMC OMNICOM GROUP 2279303 79.86 28 2,236.08
0.06 ETSY ETSY INC BWTN5N1 139.39 16 2,230.24
0.05 WST WEST PHARMACEUT 2950482 242.02 9 2,178.18
0.05 IEX IDEX CORP 2456612 240.74 9 2,166.66
0.05 AVY AVERY DENNISON CORP 2066408 193.17 11 2,124.87
0.05 INVH INVITATION HOMES INC BD81GW9 32.35 65 2,102.75
0.05 TSN TYSON FOODS INC-CL A 2909730 65.48 32 2,095.36
0.05 FMC FMC CORP 2328603 130.03 16 2,080.48
0.05 PAYC PAYCOM SOFTWARE INC BL95MY0 346.22 6 2,077.32
0.05 BBY BEST BUY CO INC 2094670 86.47 24 2,075.28
0.05 TXT TEXTRON INC 2885937 70.86 29 2,054.94
0.05 TRGP TARGA RESOURCES CORP B55PZY3 74.95 27 2,023.65
0.05 TTWO TAKE-TWO INTERAC 2122117 106.40 19 2,021.60
0.05 INCY INCYTE CORP 2471950 80.68 25 2,017.00
0.05 AES AES CORP 2002479 28.72 70 2,010.40
0.05 AMCR AMCOR PLC BJ1F307 12.38 162 2,005.56
0.05 SPX US 12/16/22 P3660 222.50 9 2,002.50
0.05 SJM JM SMUCKER CO/THE 2951452 153.94 13 2,001.22
0.05 EQT EQT CORP 2319414 41.52 48 1,992.96
0.05 J JACOBS SOLUTIONS INC BNGC0D3 124.54 16 1,992.64
0.05 CNP CENTERPOINT ENERGY INC 2440637 31.03 64 1,985.92
0.05 PKI PERKINELMER INC 2305844 141.75 14 1,984.50
0.05 ESS ESSEX PROPERTY TRUST INC 2316619 219.91 9 1,979.19
0.05 MAA MID-AMERICA APAR 2589132 164.22 12 1,970.64
0.05 CMS CMS ENERGY CORP 2219224 61.41 32 1,965.12
0.05 TRMB TRIMBLE INC 2903958 61.12 32 1,955.84
0.05 DPZ DOMINO'S PIZZA INC B01SD70 385.58 5 1,927.90
0.05 JKHY JACK HENRY 2469193 190.73 10 1,907.30
0.05 EVRG EVERGY INC BFMXGR0 58.88 32 1,884.16
0.05 ATO ATMOS ENERGY CORP 2315359 117.49 16 1,879.84
0.05 EXPD EXPEDITORS INTL WASH INC 2325507 115.25 16 1,844.00
0.05 HWM HOWMET AEROSPACE INC BKLJ8V2 38.41 48 1,843.68
0.05 NTAP NETAPP INC 2630643 68.07 27 1,837.89
0.05 KEY KEYCORP 2490911 18.72 98 1,834.56
0.05 CAG CONAGRA BRANDS INC 2215460 37.83 48 1,815.84
0.04 WRB WR BERKLEY CORP 2093644 75.31 24 1,807.44
0.04 BR BROADRIDGE FINL B1VP7R6 149.86 12 1,798.32
0.04 IP INTERNATIONAL PAPER CO 2465254 37.39 48 1,794.72
0.04 MGM MGM RESORTS INTERNATIONAL 2547419 37.27 48 1,788.96
0.04 BALL BALL CORP 2073022 55.85 32 1,787.20
0.04 CINF CINCINNATI FINANCIAL CORP 2196888 111.12 16 1,777.92
0.04 LNT ALLIANT ENERGY CORP 2973821 55.53 32 1,776.96
0.04 PKG PACKAGING CORP OF AMERICA 2504566 136.16 13 1,770.08
0.04 MOS MOSAIC CO/THE B3NPHP6 49.10 36 1,767.60
0.04 FLT FLEETCOR TECHNOLOGIES INC B4R28B3 196.28 9 1,766.52
0.04 LKQ LKQ CORP 2971029 55.08 32 1,762.56
0.04 LDOS LEIDOS HOLDINGS INC BDV82B8 109.62 16 1,753.92
0.04 IRM IRON MOUNTAIN INC BVFTF03 54.78 32 1,752.96
0.04 TECH BIO-TECHNE CORP BSHZ3Q0 86.41 20 1,728.20
0.04 EXPE EXPEDIA GROUP INC B748CK2 105.93 16 1,694.88
0.04 PEAK HEALTHPEAK PROPERTIES INC BJBLRK3 26.15 64 1,673.60
0.04 MAS MASCO CORP 2570200 51.76 32 1,656.32
0.04 IPG INTERPUBLIC GRP 2466321 34.46 48 1,654.08
0.04 BRO BROWN & BROWN INC 2692687 58.92 28 1,649.76
0.04 RCL ROYAL CARIBBEAN 2754907 60.91 27 1,644.57
0.04 ALGN ALIGN TECHNOLOGY INC 2679204 201.77 8 1,614.16
0.04 APA APA CORP BNNF1C1 46.72 34 1,588.48
0.04 CRL CHARLES RIVER LA 2604336 226.20 7 1,583.40
0.04 CHRW CH ROBINSON 2116228 98.77 16 1,580.32
0.04 L LOEWS CORP 2523022 58.04 27 1,567.08
0.04 MTCH MATCH GROUP INC BK80XH9 49.96 31 1,548.76
0.04 AKAM AKAMAI TECHNOLOGIES INC 2507457 95.20 16 1,523.20
0.04 HRL HORMEL FOODS CORP 2437264 47.59 32 1,522.88
0.04 GEN GEN DIGITAL INC BJN4XN5 23.76 64 1,520.64
0.04 SWKS SKYWORKS SOLUTIONS INC 2961053 94.97 16 1,519.52
0.04 ABMD ABIOMED INC 2003698 377.44 4 1,509.76
0.04 GRMN GARMIN LTD B3Z5T14 94.36 16 1,509.76
0.04 LVS LAS VEGAS SANDS CORP B02T2J7 46.89 32 1,500.48
0.04 HST HOST HOTELS & RESORTS INC 2567503 18.69 80 1,495.20
0.04 SEDG SOLAREDGE TECHNO BWC52Q6 295.77 5 1,478.85
0.04 TER TERADYNE INC 2884183 92.29 16 1,476.64
0.04 JBHT HUNT (JB) TRANS 2445416 182.81 8 1,462.48
0.04 KIM KIMCO REALTY CORP 2491594 22.65 64 1,449.60
0.04 PHM PULTEGROUP INC 2708841 45.15 32 1,444.80
0.04 VTRS VIATRIS INC BMWS3X9 11.24 128 1,438.72
0.04 TYL TYLER TECHNOLOGIES INC 2909644 352.23 4 1,408.92
0.03 UAL UNITED AIRLINES B4QG225 43.89 32 1,404.48
0.03 BBWI BATH & BODY WORKS INC BNNTGJ5 43.27 32 1,384.64
0.03 LW LAMB WESTON HOLDINGS INC BDQZFJ3 86.51 16 1,384.16
0.03 EMN EASTMAN CHEMICAL CO 2298386 86.42 16 1,382.72
0.03 SIVB SVB FINANCIAL GROUP 2808053 228.17 6 1,369.02
0.03 ALLE ALLEGION PLC BFRT3W7 114.06 12 1,368.72
0.03 BWA BORGWARNER INC 2111955 42.66 32 1,365.12
0.03 POOL POOL CORP 2781585 338.13 4 1,352.52
0.03 NRG NRG ENERGY INC 2212922 42.13 32 1,348.16
0.03 WYNN WYNN RESORTS LTD 2963811 84.04 16 1,344.64
0.03 ZBRA ZEBRA TECH CORP 2989356 268.82 5 1,344.10
0.03 CPB CAMPBELL SOUP CO 2162845 53.59 25 1,339.75
0.03 NI NISOURCE INC 2645409 27.75 48 1,332.00
0.03 HSIC HENRY SCHEIN INC 2416962 82.95 16 1,327.20
0.03 RE EVEREST RE GROUP LTD 2556868 330.34 4 1,321.36
0.03 SWK STANLEY BLACK & B3Q2FJ4 82.32 16 1,317.12
0.03 CPT CAMDEN PROPERTY TRUST 2166320 119.49 11 1,314.39
0.03 UDR UDR INC 2727910 40.88 32 1,308.16
0.03 PARA PARAMOUNT GLOBAL-CLASS B BKTNTR9 20.17 64 1,290.88
0.03 PTC PTC INC B95N910 127.49 10 1,274.90
0.03 CBOE CBOE GLOBAL MARKETS INC B5834C5 126.82 10 1,268.20
0.03 RHI ROBERT HALF INTL INC 2110703 78.48 16 1,255.68
0.03 PNW PINNACLE WEST CAPITAL 2048804 77.80 16 1,244.80
0.03 TPR TAPESTRY INC BF09HX3 38.48 32 1,231.36
0.03 WRK WESTROCK CO BYR0914 38.02 32 1,216.64
0.03 SNA SNAP-ON INC 2818740 242.14 5 1,210.70
0.03 CTLT CATALENT INC BP96PQ4 52.23 23 1,201.29
0.03 NDSN NORDSON CORP 2641838 240.01 5 1,200.05
0.03 BF/B BROWN-FORMAN CORP-CLASS B 2146838 74.05 16 1,184.80
0.03 CE CELANESE CORP B05MZT4 107.49 11 1,182.39
0.03 LYV LIVE NATION ENTE B0T7YX2 73.55 16 1,176.80
0.03 STX SEAGATE TECHNOLO BKVD2N4 53.30 22 1,172.60
0.03 WDC WESTERN DIGITAL CORP 2954699 35.84 32 1,146.88
0.03 BXP BOSTON PROPERTIES INC 2019479 71.65 16 1,146.40
0.03 CMA COMERICA INC 2212870 71.61 16 1,145.76
0.03 KMX CARMAX INC 2983563 69.10 16 1,105.60
0.03 CZR CAESARS ENTERTAINMENT INC BMWWGB0 51.84 21 1,088.64
0.03 FFIV F5 INC 2427599 155.03 7 1,085.21
0.03 VFC VF CORP 2928683 33.48 32 1,071.36
0.03 QRVO QORVO INC BR9YYP4 97.25 11 1,069.75
0.03 CDAY CERIDIAN HCM HOLDING INC BFX1V56 71.24 15 1,068.60
0.03 AAP ADVANCE AUTO PARTS INC 2822019 151.30 7 1,059.10
0.03 JNPR JUNIPER NETWORKS INC 2431846 32.92 32 1,053.44
0.03 REG REGENCY CENTERS CORP 2726177 65.67 16 1,050.72
0.03 FBHS FORTUNE BRANDS H B3MC7D6 65.56 16 1,048.96
0.03 FOXA FOX CORP - CLASS A BJJMGL2 32.10 32 1,027.20
0.03 HAS HASBRO INC 2414580 63.26 16 1,012.16
0.02 TFX TELEFLEX INC 2881407 244.80 4 979.20
0.02 AOS SMITH (A.O.) CORP 2816023 60.48 16 967.68
0.02 GL GLOBE LIFE INC BK6YKG1 120.41 8 963.28
0.02 DXC DXC TECHNOLOGY CO BYXD7B3 29.44 32 942.08
0.02 HII HUNTINGTON INGAL B40SSC9 230.90 4 923.60
0.02 AAL AMERICAN AIRLINE BCV7KT2 13.98 66 922.68
0.02 NWSA NEWS CORP - CLASS A BBGVT40 19.16 48 919.68
0.02 UHS UNIVERSAL HLTH-B 2923785 130.20 7 911.40
0.02 ROL ROLLINS INC 2747305 40.39 22 888.58
0.02 TAP MOLSON COORS-B B067BM3 54.97 16 879.52
0.02 BEN FRANKLIN RESOURCES INC 2350684 27.28 32 872.96
0.02 OGN ORGANON & CO BLDC8J4 26.42 32 845.44
0.02 SEE SEALED AIR CORP 2232793 52.81 16 844.96
0.02 BIO BIO-RAD LABORATORIES-A 2098508 418.04 2 836.08
0.02 ZION ZIONS BANCORP NA 2989828 51.99 16 831.84
0.02 SBNY SIGNATURE BANK B00JQL9 138.04 6 828.24
0.02 MKTX MARKETAXESS HOLDINGS INC B03Q9D0 273.27 3 819.81
0.02 CCL CARNIVAL CORP 2523044 9.97 82 817.54
0.02 AIZ ASSURANT INC 2331430 128.01 6 768.06
0.02 ALK ALASKA AIR GROUP INC 2012605 47.41 16 758.56
0.02 PNR PENTAIR PLC BLS09M3 46.64 16 746.24
0.02 WHR WHIRLPOOL CORP 2960384 149.02 5 745.10
0.02 GNRC GENERAC HOLDINGS INC B6197Q2 103.09 7 721.63
0.02 NCLH NORWEGIAN CRUISE B9CGTC3 16.62 38 631.56
0.02 IVZ INVESCO LTD B28XP76 19.43 32 621.76
0.02 LNC LINCOLN NATIONAL CORP 2516378 38.73 16 619.68
0.02 LUMN LUMEN TECHNOLOGIES INC BMDH249 5.59 108 603.72
0.01 XRAY DENTSPLY SIRONA INC BYNPPC6 31.44 18 565.92
0.01 FRT FEDERAL REALTY INVS TRUST BN7P9B2 109.02 5 545.10
0.01 DISH DISH NETWORK CORP-A 2303581 15.59 32 498.88
0.01 NWL NEWELL BRANDS INC 2635701 12.84 38 487.92
0.01 FOX FOX CORP - CLASS B BJJMGY5 30.28 16 484.48
0.01 MHK MOHAWK INDUSTRIES INC 2598699 102.90 4 411.60
0.01 VNO VORNADO REALTY TRUST 2933632 24.78 16 396.48
0.01 DVA DAVITA INC 2898087 73.23 5 366.15
0.01 RL RALPH LAUREN CORP B4V9661 113.88 3 341.64
0.01 NWS NEWS CORP - CLASS B BBGVT51 19.43 16 310.88
0.01 XSP US 12/16/22 P366 24.00 10 240.00
-0.04 XSP US 12/16/22 C424 144.50 -10 -1,445.00
-0.30 SPX US 12/16/22 C4240 1,375.00 -9 -12,375.00
Holdings are subject to change.

ETF Characteristics As of 12/01/22

Return on Equity 19.90%
Weighted Avg. Market Cap 485,483 M
2021 2022
Price-to-earnings 19.69 18.44
Price-to-book value 3.95 3.43

Source: AltaVista Research, LLC

ETF Risk Stats As of 11/30/22

Versus Beta
S&P 500 0.49
MSCI EAFE 0.46
MSCI Emg. Mkts 0.35
Standard Deviation 12.20%

Source: AltaVista 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.

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