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About Global X Funds Global X Health Care Covered Call & Growth ETF
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Inception date
Nov 21, 2022
Structure
Open-Ended Fund
Replication method
Physical
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
Global X Management Co. LLC
Distributor
SEI Investments Distribution Co.
The fund is delisting. The last day of trading is February 14, 2025. HYLG provides both the potential for growth and some yield from an index of healthcare stocks in the S&P 500. The fund utilizes a partial covered call strategy, it holds a theoretical portfolio of stocks of the reference index (or a related ETF) and writes one-month, at-the-money FLEX call options on half of the portfolio value. The call options sold by the fund are European-style, meaning the options can only be exercised at the expiration date each month. The contracts will be collateralized by the equity portfolio. The fund looks to earn some premium income from half of the portfolio while allowing the other half upside potential. The funds strategy should reduce volatility and help generate some income, compared to the reference index, but it may also cause a drag on the overall upside potential.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Health Technology
ETF
Stocks48.18%
Health Technology36.75%
Health Services7.78%
Distribution Services1.44%
Retail Trade0.63%
Commercial Services0.37%
Bonds, Cash & Other51.82%
ETF54.39%
Cash−0.01%
Rights & Warrants−2.57%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history