XNAS · Passive · options-income

Global X Nasdaq 100 Covered Call & Growth ETF

Global X Management Company LLC

Weighted score · 3.75 / 5

AUM

assets under mgmt

Avg Volume

shares · daily

Distribution

Monthly · 96% ROC

Expense Ratio

0.35% gross

1Y Return

vs underlying

Sharpe

Max DD -30.0%

The Global X Nasdaq 100® Covered Call & Growth ETF (the "Fund") seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe Nasdaq-100 Half BuyWrite V2 Index (the "Underlying Index")..

The Fund invests at least 80% of its total assets in securities of the Cboe Nasdaq-100 Half BuyWrite V2 Index, which holds the stocks of the NASDAQ-100 Index and writes one-month at-the-money covered call options corresponding to approximately 50% of the portfolio's value each calendar month. By writing calls on only half the portfolio, the strategy generates option premium income while retaining partial upside participation in the NASDAQ-100. The Fund generally uses a full replication indexing approach, holding the component securities of the Reference Index in approximately the same proportions as the Underlying Index.

Each calendar month the Fund writes one-month at-the-money call options on the NASDAQ-100 Index corresponding to approximately 50% of the value of the stock portfolio. Options are held until one day prior to expiration and settled in cash. Writing calls on only half the portfolio allows income generation while preserving partial upside exposure relative to a 100% covered call strategy.

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. 0% — the fund is covering its payout without eroding NAV.

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 $0.2067 per share is composed almost entirely of Return of Capital (96.10%, or $0.1986), with only a small portion (3.90%, or $0.0081) from Net Investment Income. On a fiscal year-to-date basis, 95.62% of cumulative distributions have been classified as Return of Capital, indicating the fund continues to distribute more than its earned income.

Distribution Growth by Lookback Period

Sector Mix · Tilt vs Nasdaq-100

Price vs. Moving Averages

Bullish — 50-DMA above 200-DMA

Price $30.61 is above the 200-day SMA ($26.76); 50-day SMA $28.96. 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 ~0.15% (tight). Average daily dollar volume ~$1.2M (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 ($)