Symbols

DYLG

Global X Dow 30 Covered Call & Growth ETF·ARCA

--(--)

Key Stats

Assets Under Management

6.03MUSD

Fund Flows (1Y)

4.03MUSD

Dividend Yield

9.47%

Discount/Premium to NAV

-0.01%

Shares Outstanding

220.00K

Expense Ratio

0.35%

About Global X Dow 30 Covered Call & Growth ETF

Issuer

Global X Management Company LLC

Brand

Global X

Home Page

https://www.globalxetfs.com/funds/dylg/

Inception Date

Jul 25, 2023

Structure

Open-Ended Fund

Index Tracked

Cboe DJIA Half BuyWrite Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Global X Management Co. LLC

Distributor

SEI Investments Distribution Co.

DYLG is passively managed to provide both the potential for growth and some yield from the Dow Jones Industrial Average (DJIA). The DJIA is a price-weighted index of 30 of the largest US-listed companies. The fund provides DJIA exposure but earns some income by selling one-month, at-the-money index call options on half of the portfolio. The fund looks to earn some premium income from half of the portfolio while allowing the other half upside potential. Holding the various positions and writing index call options inside an ETF wrapper is a more efficient way to access the strategy. The strategy should reduce volatility and help generate some income, compared to the index itself, but it also places a drag on the overall upside potential.