ARCX · Passive · options-income

Global X Russell 2000 Covered Call & Growth ETF

Global X Management Company LLC

Weighted score · 3.60 / 5

AUM

assets under mgmt

Avg Volume

shares · daily

Distribution

Monthly · 100% ROC

Expense Ratio

0.35% gross

1Y Return

vs underlying

Sharpe

Max DD -22.4%

The Global X Russell 2000 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 Russell 2000 Half BuyWrite Index (the "Underlying Index")..

The Fund tracks the Cboe Russell 2000 Half BuyWrite Index, which holds a theoretical portfolio of Russell 2000 constituent stocks and writes (sells) one-month at-the-money covered call options corresponding to approximately 50% of the value of that portfolio. By writing calls on only half the portfolio, the strategy aims to generate option premium income while retaining meaningful upside participation in the Russell 2000. The Fund uses a representative sampling approach, investing in component securities of the Underlying Index or instruments with substantially identical economic characteristics, including underlying ETFs.

The Fund sells a succession of one-month ATM call options on the Russell 2000 Index corresponding to approximately 50% of the value of the underlying equity portfolio. Options are exchange-traded, held to expiration, and cash-settled. Writing calls on only half the portfolio caps half of potential upside gains while allowing the other half to participate in index appreciation.

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 $0.1616 per share is composed entirely of Return of Capital (100%), with no Net Investment Income component. On a fiscal year-to-date basis, 86.04% of cumulative distributions have been Return of Capital and 13.96% Net Investment Income. RYLG estimates it has distributed more than its income, so a portion of the distribution represents a return of invested capital rather than yield.

Distribution Growth by Lookback Period

Sector Mix · Tilt vs S&P 500

Price vs. Moving Averages

Bullish — 50-DMA above 200-DMA

Price $24.53 is above the 200-day SMA ($22.03); 50-day SMA $23.54. 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 ~0.08% (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 ($)