Symbols

TYLG

Global X Information Technology Covered Call & Growth ETF·NYSE

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Key Stats

Assets Under Management

11.35MUSD

Fund Flows (1Y)

314.10KUSD

Dividend Yield

8.17%

Discount/Premium to NAV

-0.01%

Shares Outstanding

310.00K

Expense Ratio

0.60%

About Global X Information Technology Covered Call & Growth ETF

Issuer

Global X Management Company LLC

Brand

Global X

Home Page

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

Inception Date

Nov 21, 2022

Structure

Open-Ended Fund

Index Tracked

Cboe S&P Technology Select Sector 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.

TYLG provides both the potential for growth and some yield from an index of technology 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 fund's 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.