ARCX · Passive · options-income

Global X S&P 500 Covered Call & Growth ETF

Global X Management Company LLC

Weighted score · 4.10 / 5

AUM

assets under mgmt

Avg Volume

shares · daily

Distribution

Monthly · 89% ROC

Expense Ratio

0.35% gross

1Y Return

vs underlying

Sharpe

Max DD -21.3%

The Global X S&P 500® Covered Call & Growth ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P 500 Half BuyWrite Index..

The Fund invests at least 80% of its total assets in securities of the Cboe S&P 500 Half BuyWrite Index, holding the stocks comprising the S&P 500 Index while writing (selling) one-month at-the-money covered call options corresponding to approximately 50% of the value of the portfolio each calendar month. By covering only half the portfolio with written calls, the strategy generates option premium income while retaining partial upside participation in S&P 500 gains. The Fund uses a replication indexing approach and does not seek to outperform its Underlying Index.

Each month the Fund writes one-month at-the-money call options on the S&P 500 Index corresponding to approximately 50% of the value of the stock portfolio, held until expiration and cash-settled. Writing calls on only half the portfolio allows some upside participation relative to a full 100% covered call strategy while still generating premium income.

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 $0.1364 per share is composed of 89.24% Return of Capital ($0.1217) and 10.76% Net Investment Income ($0.0147), with no capital gains component. On a fiscal year-to-date basis, 86.57% of cumulative distributions have been classified as Return of Capital. XYLG notes that it has distributed more than its income, meaning a significant portion of the payout represents a return of invested capital 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 $28.92 is above the 200-day SMA ($26.86); 50-day SMA $28.25. 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 ~0.17% (moderate). Average daily dollar volume ~$0.6M (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 ($)