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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 01/10/25

Inception Date 11/21/22
Gross Expense Ratio 0.65%
Net Expense Ratio* 0.60%
Net Assets $4.20 million
NAV $27.98
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 01/08/25

Ticker FYLG
Bloomberg Index Ticker BXLFH
CUSIP 37960A768
ISIN US37960A7688
Primary Exchange NYSE Arca
Shares Outstanding 150,000
Number of Holdings 75
30-Day Median Bid-Ask Spread 0.67%

Distributions As of 01/10/25

30-Day SEC Yield 0.83%
Unsubsidized 30-Day SEC Yield 0.78%
Trailing 12-Month Distribution (%) 5.51%
Distribution Rate 6.71%
Distribution Frequency Monthly

ETF Prices As of 01/10/25

NAV $27.98 Daily Change -$0.50 -1.76%
Market Price $28.00 Daily Change -$0.50 -1.75%

Performance History

As of recent month & quarter-end (12/31/24)
As of recent month & quarter-end (12/31/24)
Fund NAV Market Price Index
1 Year 21.79% 21.83% 23.14%
Since Inception 12.40% 12.42% 13.76%
1 Year 21.79% 21.83% 23.14%
Since Inception 12.40% 12.42% 13.76%
Year-to-Date 21.79% 21.83% 23.14%
1 Month -3.75% -3.88% -3.66%
3 Months 5.53% 5.53% 6.00%
Since Inception 28.01% 28.05% 31.29%
Year-to-Date 21.79% 21.83% 23.14%
1 Month -3.75% -3.88% -3.66%
3 Months 5.53% 5.53% 6.00%
Since Inception 28.01% 28.05% 31.29%

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 01/10/25

Financial Select Sector SPDR Fund (XLF) Price* 47.32
*Market Price as of 01/10/25

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short Financial Select Sector SPDR Call Option -$2,105,740 48 1.44% 01/17/2025 7

Top Holdings As of 01/10/25

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
53.78 XLF SPDR-FINL SELECT 2364038 47.32 47,695 2,256,927.40
5.69 BRK/B BERKSHIRE HATH-B 2073390 442.66 539 238,593.74
4.72 JPM JPMORGAN CHASE & CO 2190385 239.87 826 198,132.62
3.72 V VISA INC-CLASS A SHARES B2PZN04 307.71 507 156,008.97
2.89 MA MASTERCARD INC - A B121557 504.67 240 121,120.80
2.11 BAC BANK OF AMERICA CORP 2295677 45.11 1,959 88,370.49
1.62 WFC WELLS FARGO & CO 2649100 69.96 972 68,001.12
1.23 GS GOLDMAN SACHS GROUP INC 2407966 560.00 92 51,520.00
1.13 AXP AMERICAN EXPRESS CO 2026082 293.30 162 47,514.60
1.07 MS MORGAN STANLEY 2262314 123.45 364 44,935.80
1.07 SPGI S&P GLOBAL INC BYV2325 482.72 93 44,892.96
0.98 BLK BLACKROCK INC BMZBBT7 955.64 43 41,092.52
0.96 PGR PROGRESSIVE CORP 2705024 235.61 171 40,289.31
0.96 C CITIGROUP INC 2297907 71.40 562 40,126.80
0.83 BX BLACKSTONE INC BKF2SL7 164.85 211 34,783.35
0.81 FI FISERV INC 2342034 200.51 169 33,886.19
0.76 SCHW SCHWAB (CHARLES) CORP 2779397 72.77 439 31,946.03
0.72 MMC MARSH & MCLENNAN COS 2567741 209.11 145 30,320.95
0.67 CB CHUBB LTD B3BQMF6 257.71 109 28,090.39
0.66 KKR KKR & CO INC BG1FRR1 140.93 197 27,763.21
0.59 PYPL PAYPAL HOLDINGS INC BYW36M8 83.36 299 24,924.64
0.58 ICE INTERCONTINENTAL BFSSDS9 142.80 169 24,133.20
0.57 CME CME GROUP INC 2965839 229.20 105 24,066.00
0.53 PNC PNC FINANCIAL SE 2692665 189.02 118 22,304.36
0.52 USB US BANCORP 2736035 47.38 459 21,747.42
0.52 AON AON PLC-CLASS A BLP1HW5 349.51 62 21,669.62
0.50 AJG ARTHUR J GALLAGHER & CO 2359506 287.01 73 20,951.73
0.50 MCO MOODY'S CORP 2252058 452.81 46 20,829.26
0.48 APO APOLLO GLOBAL MA BN44JF6 155.39 130 20,200.70
0.46 COF CAPITAL ONE FINA 2654461 175.29 111 19,457.19
0.40 TFC TRUIST FINANCIAL CORP BKP7287 42.78 391 16,726.98
0.39 BK BANK NY MELLON B1Z77F6 75.42 214 16,139.88
0.36 TRV TRAVELERS COS INC/THE 2769503 232.43 65 15,107.95
0.36 AMP AMERIPRISE FINANCIAL INC B0J7D57 515.48 29 14,948.92
0.36 AFL AFLAC INC 2026361 100.99 148 14,946.52
0.33 MET METLIFE INC 2573209 80.25 171 13,722.75
0.32 ALL ALLSTATE CORP 2019952 180.99 75 13,574.25
0.32 MSCI MSCI INC B2972D2 575.73 23 13,241.79
0.31 AIG AMERICAN INTERNA 2027342 70.50 187 13,183.50
0.31 DFS DISCOVER FINANCI B1YLC43 169.64 76 12,892.64
0.29 FIS FIDELITY NATIONA 2769796 77.13 159 12,263.67
0.28 PRU PRUDENTIAL FINANCIAL INC 2819118 114.53 103 11,796.59
0.23 ACGL ARCH CAPITAL GROUP LTD 2740542 90.17 107 9,648.19
0.22 WTW WILLIS TOWERS WATSON PLC BDB6Q21 312.92 30 9,387.60
0.22 MTB M & T BANK CORP 2340168 187.75 50 9,387.50
0.22 HIG HARTFORD FINL SV 2476193 106.31 85 9,036.35
0.22 NDAQ NASDAQ INC 2965107 75.88 119 9,029.72
0.20 RJF RAYMOND JAMES 2718992 154.21 53 8,173.13
0.19 GPN GLOBAL PAYMENTS INC 2712013 105.71 77 8,139.67
0.19 STT STATE STREET CORP 2842040 93.91 85 7,982.35
0.19 FITB FIFTH THIRD BANCORP 2336747 41.12 193 7,936.16
0.18 BRO BROWN & BROWN INC 2692687 101.95 73 7,442.35
0.17 TROW T ROWE PRICE GROUP INC 2702337 108.55 67 7,272.85
0.17 SYF SYNCHRONY FINANCIAL BP96PS6 63.77 112 7,142.24
0.17 HBAN HUNTINGTON BANCSHARES INC 2445966 16.02 443 7,096.86
0.16 CPAY CORPAY INC BMX5GK7 348.39 19 6,619.41
0.16 CINF CINCINNATI FINANCIAL CORP 2196888 135.58 48 6,507.84
0.15 RF REGIONS FINANCIAL CORP B01R311 23.06 280 6,456.80
0.15 CBOE CBOE GLOBAL MARKETS INC B5834C5 190.94 32 6,110.08
0.15 NTRS NORTHERN TRUST CORP 2648668 99.46 61 6,067.06
0.14 CFG CITIZENS FINANCIAL GROUP BQRX1X3 43.30 139 6,018.70
0.12 WRB WR BERKLEY CORP 2093644 56.70 88 4,989.60
0.12 EG EVEREST GROUP LTD 2556868 353.52 14 4,949.28
0.11 L LOEWS CORP 2523022 81.13 56 4,543.28
0.11 FDS FACTSET RESEARCH 2329770 453.02 10 4,530.20
0.11 PFG PRINCIPAL FINANCIAL GROUP 2803014 76.34 59 4,504.06
0.10 KEY KEYCORP 2490911 16.72 254 4,246.88
0.09 JKHY JACK HENRY 2469193 172.00 21 3,612.00
0.08 GL GLOBE LIFE INC BK6YKG1 112.42 28 3,147.76
0.07 AIZ ASSURANT INC 2331430 198.92 14 2,784.88
0.06 MKTX MARKETAXESS HOLDINGS INC B03Q9D0 215.46 12 2,585.52
0.06 OTHER PAYABLE & RECEIVABLES 1.00 2,548 2,547.67
0.06 IVZ INVESCO LTD B28XP76 16.36 145 2,372.20
0.05 ERIE ERIE INDEMNITY-A 2311711 389.24 5 1,946.20
0.04 BEN FRANKLIN RESOURCES INC 2350684 19.12 92 1,759.04
0.03 CASH 1.00 1,058 1,058.21
-0.28 2XLF US 01/17/2025 C48 26.00 -445 -11,570.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 12/31/24

Industry Weight (%)
Financial Services 60.0
Banks 24.9
Insurance 15.2

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 01/10/25

Return on Equity 14.00%
Weighted Avg. Market Cap 201,222 M
2023 2024
Price-to-earnings 19.94 17.43
Price-to-book value 2.57 2.32

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 12/31/24

Versus Beta
S&P 500 0.74
NASDAQ-100 0.51
MSCI EAFE 0.57
MSCI Emg. Mkts 0.39
Standard Deviation 11.40%

Source: new windowAltaVista Research, LLC

ETF Research

Introducing the Global X Sector Covered Call & Growth ETFs (TYLG, FYLG, HYLG)

Read the Full ArticleRead More

ETF Documents

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.