ARCX · Passive · options-income

Global X Dow 30 Covered Call ETF

Global X Management Company LLC

Weighted score · 3.50 / 5

AUM

assets under mgmt

Avg Volume

shares · daily

Distribution

Monthly · 93% ROC

Expense Ratio

0.60% gross

1Y Return

vs underlying

Sharpe

Max DD -16.9%

The Global X Dow 30® Covered Call ETF (the "Fund") seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the DJIA Cboe BuyWrite v2 Index (the "Underlying Index")..

The Fund invests at least 80% of its net assets in the securities of the DJIA Cboe BuyWrite v2 Index, which measures the performance of a covered call strategy holding the underlying stocks of the Dow Jones Industrial Average and writing successive one-month at-the-money covered call options on the Reference Index. The Fund uses a replication strategy to hold the 30 DJIA component stocks while selling (writing) call options collateralized by those equity holdings. The covered call strategy is designed to generate income from option premiums but caps upside participation above the strike price of the written calls.

On a monthly basis the Fund sells one-month at-the-money call options corresponding to the full value of the DJIA stock portfolio, with the equity holdings serving as collateral. Each written option is held until expiration and settled in cash. If the Reference Index closes above the strike price at expiration, the Fund owes the difference, offsetting equity gains; if below, the option expires worthless and the Fund retains the premium.

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 May 2026 distribution of $0.1489 per share is composed almost entirely of Return of Capital (92.53%, or $0.1378) with only a small Net Investment Income component (7.47%, or $0.0111). On a fiscal year-to-date basis, 88.80% of cumulative distributions have been classified as Return of Capital. DJIA estimates it has distributed more than its income, meaning a significant portion of payouts represents a return of invested principal rather than fund earnings.

Distribution Growth by Lookback Period

Sector Mix · Tilt vs S&P 500

Price vs. Moving Averages

Bullish — 50-DMA above 200-DMA

Price $22.00 is above the 200-day SMA ($21.10); 50-day SMA $21.58. 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 ~0.19% (moderate). Average daily dollar volume ~$1.5M (adequate). 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 ($)