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Trending ETFs

Name

As of 05/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$22.25

$84.2 M

7.07%

$1.57

0.60%

Vitals

YTD Return

4.5%

1 yr return

10.7%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$84.2 M

Holdings in Top 10

58.0%

52 WEEK LOW AND HIGH

$22.3
$20.82
$22.81

Expenses

OPERATING FEES

Expense Ratio 0.60%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$22.25

$84.2 M

7.07%

$1.57

0.60%

DJIA - Profile

Distributions

  • YTD Total Return 4.5%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 7.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Global X Dow 30 Covered Call ETF
  • Fund Family Name
    Global X Funds
  • Inception Date
    Feb 23, 2022
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Wayne Xie

Fund Description

The Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the securities of the DJIA Cboe BuyWrite v2 Index (the "Underlying Index"). The Fund's 80% investment policy is non-fundamental and requires 60 days prior written notice to shareholders before it can be changed.
The Underlying Index measures the performance of a covered call strategy that holds a theoretical portfolio of the underlying stocks of the Dow Jones Industrial Average® (the "Reference Index") and "writes" (or sells) a succession of one-month at-the-money (“ATM”) covered call options on the Reference Index. The Underlying Index specifically reflects the performance of the component securities of the Reference Index, combined with written (sold) ATM call options corresponding to the value of the portfolio of stocks in the Reference Index. The Fund invests in the securities reflected in the Underlying Index, and cannot invest directly in the Underlying Index itself. The implications of the written (sold) call option are described in more detail here:
Call Options – When an investor sells a call option, the investor receives a premium in exchange for an obligation to sell shares of a reference asset at a strike price on the expiration date if the buyer of the call option exercises it. If the reference asset closes above the strike price as of the expiration date and the buyer exercises the call option, the investor will have to pay the difference between the value of the reference asset and the strike price. If the reference asset closes below the strike price as of the expiration date, the call option may end up worthless and the investor retains the premium.
On a monthly basis, the Underlying Index’s hypothetical portfolio will write (sell) a succession of one-month call options corresponding to the value of the underlying stocks of the Reference Index and will cover such options by holding the component securities of the Reference Index. Each call option written in the Underlying Index’s hypothetical portfolio will have an exercise price generally at the prevailing market price of the Reference Index. However, if call options with those precise strike prices are unavailable, the Underlying Index’s hypothetical portfolio will instead select the call options with the strike price closest to but above the prevailing market price of the Reference Index. Each option position in the Underlying Index’s hypothetical portfolio will (i) be traded on a national securities exchange; (ii) be held until expiration date; (iii) expire on its date of maturity; (iv) only be subject to exercise on its expiration date; and (v) be settled in cash.
The Reference Index is a price weighted index containing equity securities of 30 of the largest U.S. listed companies. Price weighting seeks to weight constituents based on share price. The Fund's investment objective and Underlying Index may be changed without shareholder approval.
The Underlying Index is sponsored by S&P Dow Jones Indices LLC (the "Index Provider"), which is an organization that is independent of, and unaffiliated with, the Fund and Global X Management Company LLC, the investment adviser for the Fund ("Adviser"). In addition, any determinations related to the constituents of the Underlying Index are made independent of the Fund's portfolio managers. The Index Provider determines the relative weightings of the securities in the Underlying Index and publishes or designates a third-party index calculation agent to publish information regarding the market value of the Underlying Index.
The Adviser uses a "passive" or indexing approach to try to achieve the Fund's investment objective. Unlike many investment companies, the Fund does not try to outperform the Underlying Index and does not seek temporary defensive positions when markets decline or appear overvalued. The call options sold by the Fund will be collateralized by the Fund's equity holdings at the time the Fund sells the options. By selling call options on the value of the portfolio of stocks in the Reference Index, the Fund's covered call strategy may generate income. If the price of the Reference Index is above the strike price of the Fund’s call options positions upon the expiration of the call option, then at expiration the Fund would owe the purchaser of the call option the difference between the strike price and the value of the Reference Index, so the amount owed with respect to the call option would offset any gains the Fund may experience from the securities held. For example, if the price of the Reference Index were to increase by 15% from the time the call options were sold to the time the call options expired, then the call options would be expected to have a value equal to approximately 15% of the value the portfolio had at the time when the call options were sold, which would offset all of the Fund’s gains from the increase in the Reference Index over the relevant period. However, if the price of the Reference Index is below the strike price of the Fund’s call options positions at expiry, the call options will expire worthless and the Fund will retain the premium. An investor that purchases Fund shares other than on the day that the Fund takes writes (sells) monthly call options, or who sells shares other than on the day that the call options expire, may experience different investment returns, depending on the relative difference between the strike price of the Fund’s call options positions, and the price of the Reference Index.
The Fund generally will use a replication strategy. A replication strategy is an indexing strategy that involves investing in the securities of the Underlying Index in approximately the same proportions as in the Underlying Index. However, the Fund may utilize a representative sampling strategy with respect to the Underlying Index when a replication strategy might be detrimental to shareholders, such as when there are practical difficulties or substantial costs involved in compiling a portfolio of equity securities to follow the Underlying Index, in instances in which a security in the Underlying Index becomes temporarily illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations (such as tax diversification requirements) that apply to the Fund but not the Underlying Index.
The Adviser expects that, over time, the correlation between the Fund's performance and that of the Underlying Index, before fees and expenses, will exceed 95%. A correlation percentage of 100% would indicate perfect correlation. If the Fund uses a replication strategy, it can be expected to have greater correlation to the Underlying Index than if it uses a representative sampling strategy.
The Fund concentrates its investments (i.e., holds 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. As of December 31, 2023, the Underlying Index was not concentrated in any industry. The Fund is classified as “non-diversified,” which means it may invest a larger percentage of its assets in a smaller number of issuers than a diversified fund.
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DJIA - Performance

Return Ranking - Trailing

Period DJIA Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -51.8% 22.1% N/A
1 Yr 10.7% -58.9% 46.9% N/A
3 Yr N/A* -25.7% 197.6% N/A
5 Yr N/A* -29.1% 93.8% N/A
10 Yr N/A* -17.2% 37.0% N/A

* Annualized

Return Ranking - Calendar

Period DJIA Return Category Return Low Category Return High Rank in Category (%)
2023 1.6% -69.4% 53.7% N/A
2022 N/A -94.0% 152.6% N/A
2021 N/A -13.9% 183.6% N/A
2020 N/A -18.2% 8.9% N/A
2019 N/A -80.2% 35.2% N/A

Total Return Ranking - Trailing

Period DJIA Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -97.2% 22.1% N/A
1 Yr 10.7% -58.9% 67.6% N/A
3 Yr N/A* -25.7% 197.6% N/A
5 Yr N/A* -28.1% 93.8% N/A
10 Yr N/A* -11.8% 37.0% N/A

* Annualized

Total Return Ranking - Calendar

Period DJIA Return Category Return Low Category Return High Rank in Category (%)
2023 9.2% -69.4% 53.7% N/A
2022 N/A -94.0% 152.6% N/A
2021 N/A -13.9% 183.6% N/A
2020 N/A -12.8% 8.9% N/A
2019 N/A -60.0% 35.2% N/A

DJIA - Holdings

Concentration Analysis

DJIA Category Low Category High DJIA % Rank
Net Assets 84.2 M 177 K 1.21 T 95.37%
Number of Holdings 31 2 4154 91.77%
Net Assets in Top 10 48.8 M 1.74 K 270 B 91.42%
Weighting of Top 10 58.00% 1.8% 100.0% 4.38%

Top 10 Holdings

  1. UNITEDHEALTH GROUP INC COMMON STOCK 8.94%
  2. MICROSOFT CORP COMMON STOCK 6.95%
  3. GOLDMAN SACHS GROUP INC COMMON STOCK 6.71%
  4. HOME DEPOT INC COMMON STOCK 6.17%
  5. AMGEN INC COMMON STOCK 5.49%
  6. CATERPILLAR INC COMMON STOCK 5.25%
  7. MCDONALD'S CORP COMMON STOCK 5.11%
  8. SALESFORCE INC COMMON STOCK 4.91%
  9. VISA INC-CLASS A SHARES COMMON STOCK 4.77%
  10. TRAVELERS COS INC/THE COMMON STOCK 3.69%

Asset Allocation

Weighting Return Low Return High DJIA % Rank
Stocks
101.14% 0.00% 130.24% 41.98%
Cash
0.15% -102.29% 100.00% 55.33%
Preferred Stocks
0.00% 0.00% 2.23% 57.33%
Convertible Bonds
0.00% 0.00% 5.54% 55.33%
Bonds
0.00% -0.04% 95.81% 55.33%
Other
-1.29% -13.91% 134.98% 57.54%

Stock Sector Breakdown

Weighting Return Low Return High DJIA % Rank
Utilities
0.00% 0.00% 25.44% 93.00%
Technology
0.00% 0.00% 48.94% 86.06%
Real Estate
0.00% 0.00% 37.52% 93.98%
Industrials
0.00% 0.00% 29.90% 11.90%
Healthcare
0.00% 0.00% 60.70% 4.62%
Financial Services
0.00% 0.00% 55.59% 7.14%
Energy
0.00% 0.00% 41.64% 63.45%
Communication Services
0.00% 0.00% 27.94% 91.25%
Consumer Defense
0.00% 0.00% 49.14% 53.22%
Consumer Cyclical
0.00% 0.00% 50.47% 9.52%
Basic Materials
0.00% 0.00% 26.10% 85.01%

Stock Geographic Breakdown

Weighting Return Low Return High DJIA % Rank
US
101.14% 0.00% 127.77% 8.44%
Non US
0.00% 0.00% 33.51% 95.99%

DJIA - Expenses

Operational Fees

DJIA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.60% 0.01% 2.95% 62.51%
Management Fee 0.60% 0.00% 2.00% 64.51%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

DJIA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

DJIA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DJIA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 496.00% N/A

DJIA - Distributions

Dividend Yield Analysis

DJIA Category Low Category High DJIA % Rank
Dividend Yield 7.07% 0.00% 19.15% 1.03%

Dividend Distribution Analysis

DJIA Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Quarterly Annually

Net Income Ratio Analysis

DJIA Category Low Category High DJIA % Rank
Net Income Ratio N/A -54.00% 6.06% N/A

Capital Gain Distribution Analysis

DJIA Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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DJIA - Fund Manager Analysis

Managers

Wayne Xie


Start Date

Tenure

Tenure Rank

Feb 23, 2022

0.27

0.3%

Wayne Xie joined the Global X Management Company LLC in July 2018 as a Portfolio Management Associate. Previously, Mr. Xie was an Analyst at VanEck Associates on the Equity ETF Investment Management team from 2010 to 2018 and a Portfolio Administrator at VanEck Associates from 2007 to 2010. Mr. Xie received his BS in Business Administration from State University of New York at Buffalo.

Kimberly Chan


Start Date

Tenure

Tenure Rank

Feb 23, 2022

0.27

0.3%

Kimberly Chan is a Portfolio Management Associate. Previously, Ms. Chan was a US Associate Trader at Credit Agricole from 2016 to 2018, and an Investment Analyst at MetLife Investments from 2015 to 2016. Ms. Chan received her Bachelor of Science from New York University in 2015.

Nam To


Start Date

Tenure

Tenure Rank

Feb 23, 2022

0.27

0.3%

Nam To, CFA, joined Global X Management Company LLC in July 2017 as a Portfolio Management Analyst. Mr. To has been a Portfolio Manager of the Fund since March 1, 2018. Previously, Mr. To was a Global Economics Research Analyst at Bunge Limited from 2014 through 2017 and an Advisory and Investment Analyst at Horizon Capital Group from June 2013 through August 2013. Mr. To received his Bachelor of Arts in Philosophy and Economics from Cornell University in 2014.

John Belanger


Start Date

Tenure

Tenure Rank

Feb 23, 2022

0.27

0.3%

John Belanger, CFA, joined Global X Management Company in 2020. He currently holds the position of Senior Vice President, Head of Product Management, Head of Portfolio Management & Portfolio Administration and Chief Operating Officer with Global X. Mr. Belanger served as Chief Operating Officer of REX Shares, LLC from 2014-2018. Mr. Belanger graduated Rice University with a Bachelor of Arts in Mathematics and Philosophy in 2004 and graduated from the University of Texas School of Law in 2008.

Vanessa Yang


Start Date

Tenure

Tenure Rank

Feb 23, 2022

0.27

0.3%

Vanessa Yang, Portfolio Management Associate, joined Global X Management Company LLC in 2016 as a Portfolio Administrator. She was appointed to the portfolio management team in June 2019. Previously, Ms. Yang was a Portfolio Administrator at VanEck Associates from 2011 to 2014. Ms. Yang received her MS in Financial Engineering from Drucker School of Management in 2010 and her BS in Economics from Guangdong University of Foreign Studies in 2008.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.17 2.42