FYLG


Financials Covered Call & Growth ETF

Reasons to Consider FYLG

High Income Potential

FYLG seeks to generate income by writing covered calls on the Financial Select Sector SPDR Fund.

Upside Potential

By writing calls on 50% of the Financial Select Sector SPDR Fund, the strategy allows investors to capture half the upside potential of the Financial Select Sector Index.

Monthly Distributions

FYLG seeks to make distributions on a monthly basis.

Key Information As of 11/22/24

Inception Date 11/21/22
Gross Expense Ratio 0.65%
Net Expense Ratio* 0.60%
Net Assets $3.82 million
NAV $29.37
Fact Sheet View the document

*Fee waivers are contractual and in effect until at least March 1, 2025.


ETF Summary

The Global X Financials Covered Call & Growth ETF (FYLG) follows a “covered call” or “buy-write” strategy, in which the Fund buys the stocks in the Financial Select Sector Index and the Financial Select Sector SPDR Fund, and “writes” or “sells” corresponding call options on the Financial Select Sector SPDR Fund representing approximately 50% of the value of FYLG’s portfolio.

ETF Objective

The Global X Financials Covered Call & Growth ETF (FYLG) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P Financial Select Sector Half BuyWrite Index.

Trading Details As of 11/21/24

Ticker FYLG
Bloomberg Index Ticker BXLFH
CUSIP 37960A768
ISIN US37960A7688
Primary Exchange NYSE Arca
Shares Outstanding 130,000
Number of Holdings 74
30-Day Median Bid-Ask Spread 0.68%

Distributions As of 11/22/24

30-Day SEC Yield 0.91%
Unsubsidized 30-Day SEC Yield 0.86%
Trailing 12-Month Distribution (%) 4.89%
Distribution Rate 5.52%
Distribution Frequency Monthly

ETF Prices As of 11/22/24

NAV $29.37 Daily Change $0.25 0.86%
Market Price $29.40 Daily Change $0.23 0.79%

Performance History

As of recent
(09/30/24)
As of recent
(09/30/24)
Fund NAV Market Price Index
1 Year 26.15% 26.14% 27.37%
Since Inception 10.94% 10.96% 12.19%
1 Year 30.17% 30.66% 31.76%
Since Inception 11.29% 11.46% 12.65%
Year-to-Date 15.40% 15.44% 16.17%
1 Month -0.05% -0.19% 0.05%
3 Months 7.24% 7.28% 7.56%
Since Inception 21.30% 21.34% 23.86%
Year-to-Date 17.15% 17.49% 18.24%
1 Month 1.52% 1.78% 1.78%
3 Months 4.50% 4.61% 4.95%
Since Inception 23.14% 23.49% 26.07%

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 11/21/24

Financial Select Sector SPDR Fund (XLF) Price* 50.17
*Market Price as of 11/21/24

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short Financial Select Sector SPDR Call Option -$1,921,511 50 0.00% 12/20/2024 29

Top Holdings As of 11/22/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
53.65 XLF SPDR-FINL SELECT 2364038 50.73 40,385 2,048,731.05
5.95 BRK/B BERKSHIRE HATH-B 2073390 476.57 477 227,323.89
4.82 JPM JPMORGAN CHASE & CO 2190385 248.55 740 183,927.00
3.52 V VISA INC-CLASS A SHARES B2PZN04 309.92 434 134,505.28
2.92 MA MASTERCARD INC - A B121557 520.86 214 111,464.04
2.16 BAC BANK OF AMERICA CORP 2295677 47.00 1,754 82,438.00
1.76 WFC WELLS FARGO & CO 2649100 75.96 887 67,376.52
1.29 GS GOLDMAN SACHS GROUP INC 2407966 602.78 82 49,427.96
1.15 AXP AMERICAN EXPRESS CO 2026082 301.30 146 43,989.80
1.14 MS MORGAN STANLEY 2262314 134.69 322 43,370.18
1.12 SPGI S&P GLOBAL INC BYV2325 514.46 83 42,700.18
1.05 PGR PROGRESSIVE CORP 2705024 266.06 151 40,175.06
0.98 BLK BLACKROCK INC BMZBBT7 1,036.46 36 37,312.56
0.98 BX BLACKSTONE INC BKF2SL7 199.05 187 37,222.35
0.91 C CITIGROUP INC 2297907 69.84 496 34,640.64
0.86 FI FISERV INC 2342034 221.56 149 33,012.44
0.83 SCHW SCHWAB (CHARLES) CORP 2779397 81.26 389 31,610.14
0.77 MMC MARSH & MCLENNAN COS 2567741 227.82 129 29,388.78
0.73 KKR KKR & CO INC BG1FRR1 158.63 175 27,760.25
0.72 CB CHUBB LTD B3BQMF6 285.21 97 27,665.37
0.62 ICE INTERCONTINENTAL BFSSDS9 159.29 149 23,734.21
0.60 PYPL PAYPAL HOLDINGS INC BYW36M8 86.77 265 22,994.05
0.58 AON AON PLC-CLASS A BLP1HW5 386.21 57 22,013.97
0.57 PNC PNC FINANCIAL SE 2692665 210.07 104 21,847.28
0.56 CME CME GROUP INC 2965839 229.04 93 21,300.72
0.56 USB US BANCORP 2736035 52.49 405 21,258.45
0.50 MCO MOODY'S CORP 2252058 480.66 40 19,226.40
0.48 COF CAPITAL ONE FINA 2654461 187.06 97 18,144.82
0.45 AJG ARTHUR J GALLAGHER & CO 2359506 304.29 56 17,040.24
0.43 TFC TRUIST FINANCIAL CORP BKP7287 47.96 345 16,546.20
0.40 BK BANK NY MELLON B1Z77F6 80.14 188 15,066.32
0.39 TRV TRAVELERS COS INC/THE 2769503 262.47 57 14,960.79
0.38 AFL AFLAC INC 2026361 112.39 130 14,610.70
0.38 AMP AMERIPRISE FINANCIAL INC B0J7D57 572.07 25 14,301.75
0.36 ALL ALLSTATE CORP 2019952 203.80 67 13,654.60
0.34 MET METLIFE INC 2573209 86.59 151 13,075.09
0.33 AIG AMERICAN INTERNA 2027342 76.06 165 12,549.90
0.32 MSCI MSCI INC B2972D2 589.57 21 12,380.97
0.32 DFS DISCOVER FINANCI B1YLC43 179.29 68 12,191.72
0.32 FIS FIDELITY NATIONA 2769796 86.08 141 12,137.28
0.31 PRU PRUDENTIAL FINANCIAL INC 2819118 127.89 91 11,637.99
0.26 MTB M & T BANK CORP 2340168 221.12 44 9,729.28
0.25 ACGL ARCH CAPITAL GROUP LTD 2740542 99.69 95 9,470.55
0.24 HIG HARTFORD FINL SV 2476193 120.72 75 9,054.00
0.22 NDAQ NASDAQ INC 2965107 81.07 105 8,512.35
0.21 WTW WILLIS TOWERS WATSON PLC BDB6Q21 314.40 26 8,174.40
0.21 FITB FIFTH THIRD BANCORP 2336747 47.90 169 8,095.10
0.21 GPN GLOBAL PAYMENTS INC 2712013 117.08 69 8,078.52
0.20 RJF RAYMOND JAMES 2718992 165.18 47 7,763.46
0.19 STT STATE STREET CORP 2842040 97.50 75 7,312.50
0.19 BRO BROWN & BROWN INC 2692687 112.05 65 7,283.25
0.19 TROW T ROWE PRICE GROUP INC 2702337 119.84 59 7,070.56
0.18 HBAN HUNTINGTON BANCSHARES INC 2445966 17.89 393 7,030.77
0.18 RF REGIONS FINANCIAL CORP B01R311 27.28 248 6,765.44
0.17 CINF CINCINNATI FINANCIAL CORP 2196888 156.47 42 6,571.74
0.17 SYF SYNCHRONY FINANCIAL BP96PS6 65.99 98 6,467.02
0.17 CPAY CORPAY INC BMX5GK7 379.87 17 6,457.79
0.16 NTRS NORTHERN TRUST CORP 2648668 109.46 55 6,020.30
0.16 CBOE CBOE GLOBAL MARKETS INC B5834C5 213.26 28 5,971.28
0.15 CFG CITIZENS FINANCIAL GROUP BQRX1X3 47.65 123 5,860.95
0.14 FDS FACTSET RESEARCH 2329770 487.62 11 5,363.82
0.13 WRB WR BERKLEY CORP 2093644 62.27 78 4,857.06
0.12 EG EVEREST GROUP LTD 2556868 389.00 12 4,668.00
0.11 PFG PRINCIPAL FINANCIAL GROUP 2803014 85.73 51 4,372.23
0.11 KEY KEYCORP 2490911 19.60 222 4,351.20
0.11 L LOEWS CORP 2523022 86.07 50 4,303.50
0.09 JKHY JACK HENRY 2469193 172.50 19 3,277.50
0.08 CASH 1.00 2,948 2,947.50
0.07 AIZ ASSURANT INC 2331430 226.15 12 2,713.80
0.07 GL GLOBE LIFE INC BK6YKG1 110.48 24 2,651.52
0.07 MKTX MARKETAXESS HOLDINGS INC B03Q9D0 260.35 10 2,603.50
0.06 IVZ INVESCO LTD B28XP76 17.74 129 2,288.46
0.06 ERIE ERIE INDEMNITY-A 2311711 428.50 5 2,142.50
0.05 BEN FRANKLIN RESOURCES INC 2350684 21.96 82 1,800.72
0.01 OTHER PAYABLE & RECEIVABLES 1.00 447 446.64
-1.48 2XLF US 12/20/2024 C50 147.50 -383 -56,492.34
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 10/31/24

Industry Weight (%)
Financial Services 57.4
Banks 24.9
Insurance 16.0
Software & Services 1.8

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 11/21/24

Return on Equity 13.80%
Weighted Avg. Market Cap 190,685 M
2023 2024
Price-to-earnings 20.52 17.95
Price-to-book value 2.62 2.36

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 10/31/24

Versus Beta
S&P 500 0.62
NASDAQ-100 0.43
MSCI EAFE 0.54
MSCI Emg. Mkts 0.41
Standard Deviation 9.50%

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 FYLG to loss due to adverse occurrences that may affect that industry or sector. Investors in FYLG should be willing to accept a high degree of volatility in the price of the fund’s shares and the possibility of significant losses.

FYLG 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. 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. FYLG is non-diversified.

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 Cboe, nor does Cboe 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 Cboe.