XNAS · Passive · options-income

Global X Alternative Income ETF

Global X Management Company LLC

Weighted score · 3.00 / 5

AUM

assets under mgmt

Avg Volume

shares · daily

Distribution

Monthly · 100% ROC

Expense Ratio

0.50% gross

1Y Return

vs underlying

Sharpe

Max DD -18.9%

The Global X Alternative Income ETF seeks to track, before fees and expenses, the price and yield performance of the Indxx SuperDividend® Alternatives Index..

The Fund invests at least 80% of its total assets in securities of the Indxx SuperDividend® Alternatives Index, which provides exposure to five equally-weighted income-producing categories: MLPs and Infrastructure, Real Estate (via Global X SuperDividend® REIT ETF), Preferreds (via Global X U.S. Preferred ETF), Emerging Market Bonds (via Global X Emerging Markets Bond ETF), and Covered Calls (via Global X Nasdaq 100 Covered Call ETF). Each category targets a 20% weight at annual reconstitution, with quarterly rebalancing if any category deviates more than 3% from its target. The Fund uses a replication strategy to achieve correlation above 95% to the Underlying Index.

The Covered Calls category, representing approximately 20% of the Underlying Index, gains exposure to a covered call strategy by investing directly in the Global X Nasdaq 100 Covered Call ETF. The Fund itself does not write options directly; rather, it holds shares of the underlying covered call ETF. Options written by the underlying ETF may exhibit volatile price swings and imperfect correlation to underlying stocks.

NAV HISTORY · JUN '25 – JUN '26

Max DD

Volatility

Sharpe

Sortino

Calmar

Beta

Share of each distribution you’d need to reinvest just to hold NAV flat. Higher means more of the yield is your own capital coming back.

Composition · Recent Distribution

Tax Treatment — Ordinary Income

ORDINARY INCOME

Distribution Composition (Recent)

ROC is not free money — it lowers your cost basis. When shares are sold, capital gains are computed against the lower basis.

Composition · Narrative

The June 2026 distribution of $0.0790 per share consists entirely of Return of Capital (100%), with no net investment income component. On a fiscal year-to-date basis, approximately 15.1% of cumulative distributions represent Return of Capital, while 74.9% is attributed to Net Investment Income. The fund estimates it has distributed more than its income, hence the full current distribution is classified as return of capital.

Distribution Growth by Lookback Period

Sector Mix · Tilt vs S&P 500

Price vs. Moving Averages

Bullish — 50-DMA above 200-DMA

Price $12.36 is above the 200-day SMA ($11.79); 50-day SMA $12.26. The 50-day SMA sits above the 200-day — an established uptrend, no recent crossover. Moving-average signals are a timing aid, not a recommendation — weigh them against the distribution profile and framework score.

Liquidity

Estimated bid/ask spread ~0.09% (tight). Average daily dollar volume ~$0.1M (thin). This spread is a high-low estimate, not a live quote; the issuer's reported median spread and premium/discount to NAV are shown above when available.

AUM ($)