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Name

As of 11/19/2024

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

Global X Russell 2000 Covered Call ETF

RYLD | ETF

$16.42

$1.39 B

12.14%

$1.99

0.63%

Vitals

YTD Return

9.5%

1 yr return

13.1%

3 Yr Avg Return

-2.5%

5 Yr Avg Return

3.7%

Net Assets

$1.39 B

Holdings in Top 10

104.2%

52 WEEK LOW AND HIGH

$16.4
$15.22
$16.98

Expenses

OPERATING FEES

Expense Ratio 0.63%

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 11/19/2024

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

Global X Russell 2000 Covered Call ETF

RYLD | ETF

$16.42

$1.39 B

12.14%

$1.99

0.63%

RYLD - Profile

Distributions

  • YTD Total Return 9.5%
  • 3 Yr Annualized Total Return -2.5%
  • 5 Yr Annualized Total Return 3.7%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.53%
DIVIDENDS
  • Dividend Yield 12.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Global X Russell 2000 Covered Call ETF
  • Fund Family Name
    Global X Funds
  • Inception Date
    Apr 17, 2019
  • Shares Outstanding
    60447693
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Nam To

Fund Description

The Fund invests at least 80% of its total assets in component securities of the Cboe Russell 2000 BuyWrite Index ("Underlying Index") or in investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities, either individually or in the aggregate. 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 theoretical portfolio that holds a portfolio of the stocks included in the Russell 2000 Index (the "Reference Index"), and "writes" (or sells) a succession of one-month at-the-money covered call options on the Reference Index. The written covered call options on the Reference Index are held until expiration. The Reference Index is an equity benchmark which measures the performance of the small-capitalization sector of the U.S. equity market, as defined by FTSE Russell (the "Index Provider"). In seeking to track the Underlying Index, the Fund follows a "buy-write" (also called a covered call) investment strategy on the Reference Index in which the Fund purchases the component securities of the Reference Index or purchases other investments (including other underlying ETFs) that have economic characteristics that are substantially identical to the economic characteristics of such component securities, and also writes (or sells) call options that correspond to the Reference Index.
Each calendar month, the Fund will write (sell) a succession of one-month call options on the Reference Index and will cover such options by holding the component securities of the Reference Index, or in investments that have economic characteristics with substantially identical economic characteristics of such component securities, either individually or in the aggregate. Each option written will (i) have an exercise price generally at or above the prevailing market price of the Reference Index; (ii) be traded on a national securities exchange; (iii) be held until expiration (i.e., generally the third Friday of the month) and be settled based on the final settlement price of the option; (iv) expire on its date of maturity (in the next calendar month); (v) only be subject to exercise on its expiration date; and (vi) be settled in cash.
In return for the payment of a premium to the Fund, a purchaser of the call options written by the Fund is entitled to receive a cash payment from the Fund equal to the difference between the value of the Reference Index and the exercise price of the option if the value of the option on the expiration date is above its exercise price. The Fund's covered call options may partially protect the Fund from a decline in the price of the Reference Index through means of the premiums received by the Fund. However, when the equity market is rallying rapidly, the Underlying Index is expected to underperform the Reference Index.
The Underlying Index is sponsored by the FTSE Russell 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"). The Fund's investment objective and Underlying Index may be changed without shareholder approval. The Index Provider determines the relative weighting 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 Fund generally uses a representative sampling strategy with respect to the Underlying Index. "Representative sampling" is an indexing strategy that involves investing in a representative sample of securities (including indirect investments through underlying ETFs) that collectively has an investment profile similar to the Underlying Index in terms of key risk factors, performance attributes and other characteristics. Underlying ETFs may constitute a substantial portion of the Fund's assets. These include country weightings, market capitalization and other financial characteristics of securities. Under normal circumstances, at least 80% of the Fund's total assets will be invested in component securities of the Underlying Index or in investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities, either individually or in the aggregate. 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.
The Fund concentrates its investments (i.e., hold 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.
Read More

RYLD - Performance

Return Ranking - Trailing

Period RYLD Return Category Return Low Category Return High Rank in Category (%)
YTD 9.5% -2.8% 240.8% 12.25%
1 Yr 13.1% -4.3% 140.6% 2.17%
3 Yr -2.5%* -8.3% 18.3% N/A
5 Yr 3.7%* -5.0% 17.3% N/A
10 Yr N/A* -4.6% 13.2% N/A

* Annualized

Return Ranking - Calendar

Period RYLD Return Category Return Low Category Return High Rank in Category (%)
2023 -11.0% -34.1% 904.0% 97.75%
2022 -22.9% -28.6% 438.4% N/A
2021 8.1% -93.5% 8.2% N/A
2020 -11.5% -38.9% 19.8% N/A
2019 N/A -10.9% 12.8% N/A

Total Return Ranking - Trailing

Period RYLD Return Category Return Low Category Return High Rank in Category (%)
YTD 9.5% -2.7% 244.0% 9.09%
1 Yr 13.1% -4.3% 140.6% 2.17%
3 Yr -2.5%* -8.3% 18.3% N/A
5 Yr 3.7%* -5.4% 17.3% N/A
10 Yr N/A* -4.6% 13.2% N/A

* Annualized

Total Return Ranking - Calendar

Period RYLD Return Category Return Low Category Return High Rank in Category (%)
2023 0.3% -34.1% 904.0% 97.75%
2022 -13.1% -5.9% 438.4% N/A
2021 22.1% -81.2% 8.2% N/A
2020 -0.5% -29.0% 19.8% N/A
2019 N/A -10.9% 12.8% N/A

RYLD - Holdings

Concentration Analysis

RYLD Category Low Category High RYLD % Rank
Net Assets 1.39 B 25 17.4 B 49.06%
Number of Holdings 14 2 508 98.09%
Net Assets in Top 10 1.47 B -6.66 M 5.12 B 33.97%
Weighting of Top 10 104.17% 11.3% 100.0% N/A

Top 10 Holdings

  1. GLOBAL X RUSSELL 2000 ETF MUTUAL FUND 104.17%
  2. CINCOR PHARMA INC CONTINGENT VALUE RIGHT - CINC US 0.00%
  3. NOVARTIS AG - CVR 1 SHARE OF 66987VCVR AND 40 USD PER KDNY 0.00%
  4. INHIBRX INC CONTINGENT VALUE RIGHT 0.00%
  5. SITIO ROYALTIES CORP-A COMMON STOCK 0.00%
  6. CARTESIAN THERAPEUTICS INC CONTINGENT VALUE RIGHT - RNAC US 0.00%
  7. SUMMIT MATERIALS INC -CL A COMMON STOCK 0.00%
  8. SEACOAST BANKING CORP/FL COMMON STOCK 0.00%
  9. EARNOUT SHS 12.50 COMMON STOCK 0.00%
  10. EARNOUT SHS 15.00 COMMON STOCK 0.00%

Asset Allocation

Weighting Return Low Return High RYLD % Rank
Stocks 		104.17% -3.92% 100.76% 12.98%
Cash 		0.10% -0.76% 100.29% 86.26%
Preferred Stocks 		0.00% 0.00% 3.08% 66.41%
Convertible Bonds 		0.00% 0.00% 20.91% 67.56%
Bonds 		0.00% 0.00% 97.96% 68.70%
Other 		-4.27% 0.00% 45.92% 74.81%

Stock Sector Breakdown

Weighting Return Low Return High RYLD % Rank
Industrials 		15.49% 1.41% 43.91% 4.20%
Financial Services 		15.05% 0.00% 29.60% 73.11%
Healthcare 		14.75% 0.00% 25.91% 2.94%
Technology 		13.27% 0.00% 44.43% 80.25%
Consumer Cyclical 		9.88% 0.00% 19.02% 16.81%
Real Estate 		9.25% 0.00% 9.74% 2.94%
Energy 		7.61% 0.00% 69.54% 70.17%
Consumer Defense 		4.31% 0.00% 22.87% 99.16%
Basic Materials 		3.90% 0.00% 60.58% 21.01%
Communication Services 		3.30% 0.00% 21.22% 96.64%
Utilities 		3.19% 0.00% 13.35% 68.91%

Stock Geographic Breakdown

Weighting Return Low Return High RYLD % Rank
US 		104.17% -3.89% 100.00% 4.58%
Non US 		0.00% -2.17% 99.33% 63.36%

RYLD - Expenses

Operational Fees

RYLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.63% 0.20% 6.78% 97.12%
Management Fee 0.60% 0.20% 1.75% 13.81%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.28% N/A

Sales Fees

RYLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.75% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

RYLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

RYLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 456.80% 36.61%

RYLD - Distributions

Dividend Yield Analysis

RYLD Category Low Category High RYLD % Rank
Dividend Yield 12.14% 0.00% 3.76% 0.74%

Dividend Distribution Analysis

RYLD Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Annually

Net Income Ratio Analysis

RYLD Category Low Category High RYLD % Rank
Net Income Ratio 0.53% -2.54% 14.24% 44.67%

Capital Gain Distribution Analysis

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

Distributions History

View More +

RYLD - Fund Manager Analysis

Managers

Nam To

Start Date

Tenure

Tenure Rank

Apr 18, 2019

3.12

3.1%

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.

Wayne Xie

Start Date

Tenure

Tenure Rank

Apr 18, 2019

3.12

3.1%

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

Jun 10, 2019

2.98

3.0%

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.

Vanessa Yang

Start Date

Tenure

Tenure Rank

Dec 31, 2020

1.41

1.4%

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.

Sandy Lu

Start Date

Tenure

Tenure Rank

Mar 01, 2022

0.25

0.3%

Sandy Lu, CFA, Portfolio Manager, joined the Adviser in September 2021. Previously, Mr. Lu worked at PGIM Fixed Income from 2014 to 2021, where he led the portfolio analyst team covering Emerging Markets Debt. He began his career in 2010 as an Investment Analyst at Lincoln Financial Group. Mr. Lu graduated with a B.S. in Economics from the Wharton School of the University of Pennsylvania. He earned his CFA designation in September 2015, and holds the Series 3 license.

William Helm

Start Date

Tenure

Tenure Rank

Mar 01, 2022

0.25

0.3%

William Helm, CFA, Portfolio Manager, joined the Adviser in September 2021. Previously, Mr. Helm spent 14 years at Vanguard where he most recently served as an Equity Portfolio Manager and Trader. Previously, he held roles in Portfolio Review, Corporate Strategy and Corporate Finance. Mr. Helm received his BBA in Economics from Belmont University in 2007 and his MBA from Columbia Business School in 2020.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 19.77 3.61 5.67

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