XYLE


S&P 500 ESG Covered Call ETF

Reasons to Consider XYLE

High Income Potential

XYLE seeks to generate income through covered call writing, which historically produces higher yields in periods of volatility.1

Efficient Options Execution

XYLE writes call options on the S&P 500 ESG Index, saving investors the time and potential expense of doing so individually.

Conscious Approach

In writing covered calls on the S&P 500 ESG Index, XYLE purchases S&P 500 stocks that are screened for Environmental, Social and Governance (ESG) criteria by S&P Dow Jones Indices.

1Covered call writing can limit the upside potential of the underlying security

Key Information As of 04/19/24

Inception Date 02/21/23
Total Expense Ratio 0.60%
Net Assets $1.26 million
NAV $25.29
Fact Sheet View the document

ETF Summary

The Global X S&P 500 ESG Covered Call ETF (XYLE) follows a “covered call” or “buy-write” strategy, in which the Fund buys the stocks in the S&P 500 ESG Index and “writes” or “sells” corresponding call options on the same index.

ETF Objective

The Global X S&P 500 ESG Covered Call ETF (XYLE) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P 500 ESG BuyWrite Index.

Trading Details As of 04/18/24

Ticker XYLE
Bloomberg Index Ticker BXESG
CUSIP 37960A628
ISIN US37960A6284
Primary Exchange NYSE Arca
Shares Outstanding 50,000
Number of Holdings 0
30-Day Median Bid-Ask Spread 0.86%

Distributions As of 04/19/24

30-Day SEC Yield 0.80%
12-Month Trailing Yield 7.12%
Distribution Yield 7.50%
Distribution Frequency Monthly

ETF Prices As of 04/19/24

NAV $25.29 Daily Change -$0.21 -0.82%
Market Price $25.36 Daily Change -$0.14 -0.55%

Performance History

As of recent month & quarter-end (03/31/24)
As of recent month & quarter-end (03/31/24)
Fund NAV Market Price Index
1 Year 12.01% 12.09% 13.26%
Since Inception 13.07% 13.14% 14.11%
1 Year 12.01% 12.09% 13.26%
Since Inception 13.07% 13.14% 14.11%
Year-to-Date 6.28% 6.57% 6.78%
1 Month 2.37% 2.45% 2.40%
3 Months 6.28% 6.57% 6.78%
Since Inception 14.56% 14.64% 15.73%
Year-to-Date 6.28% 6.57% 6.78%
1 Month 2.37% 2.45% 2.40%
3 Months 6.28% 6.57% 6.78%
Since Inception 14.56% 14.64% 15.73%

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 04/18/24

S&P 500 ESG Index Price 442.16

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short S&P 500 ESG Call Option -$1,238,048 455 2.90% 04/19/2024 1

Top Holdings

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 04/18/24

Return on Equity 22.20%
Weighted Avg. Market Cap 1,032,590 M
2023 2024
Price-to-earnings 23.37 20.86
Price-to-book value 5.01 4.32

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 03/31/24

Versus Beta
S&P 500 0.47
NASDAQ-100 0.33
MSCI EAFE 0.38
MSCI Emg. Mkts 0.35
Standard Deviation 6.60%

Source: new windowAltaVista Research, LLC

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

XYLE 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. XYLE writes covered call index options on the S&P 500 ESG 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.

Companies with favorable ESG attributes may underperform the stock market as a whole. As a result, the Fund may underperform other funds that do not screen companies based on ESG attributes. The criteria used to select companies for investment may result in the Fund investing in securities, industries or sectors that underperform the market as a whole, forgoing opportunities to invest in securities that might otherwise be advantageous to buy or underperform other funds screened for ESG standards.

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.