S&P/ASX 200 Covered Call ETF - Global X ETFs - Australia
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AYLD

S&P/ASX 200 Covered Call ETF

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Reasons to Consider AYLD

High Income Potential

AYLD seeks to generate income through covered call writing, which historically produces higher yields in periods of volatility.

Efficient Options Execution

AYLD writes call options on the S&P/ASX 200 Index, saving investors the time and potential expense of doing so individually.

Potential Downside Mitigation

The premiums AYLD generates may partly cushion drawdowns.

Product Information As of 8 May 2024

Inception Date 30 Jan 2023
Management Costs (% p.a.) 0.60
Currency Hedged No
Domicile Australia
Legal Form Managed Investment Scheme
SMSF Eligible Yes

NAV Information As of 8 May 2024

NAV/Unit (A$) 10.39130000
iNAV 10.3619
iNAV as of 04:02 PM
Currency (NAV) AUD
Shares Outstanding 2,950,586
AUM (A$) 30,660,534.46
NAV History File View

Product Summary

The Global X S&P/ASX 200 Covered Call ETF (AYLD) uses a “covered call” or “buy-write” strategy in an effort to generate yield enhancement over and above dividends and franking. As part of this, the fund holds the constituents of the S&P/ASX 200 Index while selling at-the money1, call options on the same index on a quarterly basis.

[1] If at-the money options are unavailable, the fund will sell nearest out-of-the-money call options.

Product Objective

AYLD aims to provide investors with a return that, before fees and expenses, tracks the performance of the S&P/ASX BuyWrite Index. The S&P/ASX BuyWrite Index measures the total return of a hypothetical “covered call” strategy applied to the S&P/ASX 200 Index. The index is made of two primary components: a “long” S&P/ASX 200 Index component, and a “short” Covered Call Option component. The two components are held in equal notional amounts.

Trading Details

Ticker AYLD
Bloomberg Code AYLD AU Equity
ISIN AU0000251878
Trading Hours 10:00AM – 4:00PM

Management & Administration

Issuer Global X Management (AUS) Limited
Custodian The Hongkong and Shanghai Banking Corporation Limited, Sydney Branch
Registrar Computershare Investor Services Pty Limited
Trustee Global X Management (AUS) Limited

Benchmark Information

Benchmark S&P/ASX BuyWrite Index
Provider S&P Dow Jones Indices, LLC.

Distributions As of 28 Mar 2024

12-Month Yield 7.27%
12-Month Franking Level 15.58%
Distribution Frequency Quarterly
Distribution History View

Performance Table As of 7 May 2024

Total Return (Fund) Total Return (Benchmark) Tracking Difference Tracking Error
1 Month 0.89% 0.93% -0.04% 0.06%
3 Months 3.54% 3.74% -0.19% 0.12%
1 Year 13.58% 14.01% -0.43% 0.37%
3 Year p.a. -- -- -- --
5 Year p.a. -- -- -- --
10 Year p.a. -- -- -- --
Since Inception p.a. 11.68% 12.12% -0.44% 0.42%

Top Holdings As of 8 May 2024

Full Holdings (.xlsx)
Net Assets (%) Name SEDOL Market Price (Local) Shares Held Market Value (A$)
9.72 BHP GROUP LTD 6144690 43.42 68,572 2,977,396
8.80 COMMONW BK AUSTR 6215035 119.00 22,656 2,696,064
5.96 CSL LTD 6185495 279.56 6,533 1,826,365
4.69 NATL AUST BANK 6624608 34.14 42,086 1,436,816
4.31 WESTPAC BANKING 6076146 27.89 47,327 1,319,950
3.82 ANZ GROUP HOLDIN 6065586 28.79 40,632 1,169,795
3.54 WESFARMERS LTD 6948836 70.66 15,352 1,084,772
3.02 MACQUARIE GROUP B28YTC2 191.10 4,843 925,497
2.62 GOODMAN GROUP B03FYZ4 34.38 23,372 803,529
2.33 WOODSIDE ENERGY BMGT167 27.84 25,685 715,070
2.16 RIO TINTO LTD 6220103 131.71 5,023 661,579
2.00 FORTESCUE LTD 6086253 26.78 22,892 613,048
1.86 TELSTRA GROUP LT 6087289 3.64 156,297 568,921
1.74 TRANSURBAN GROUP 6200882 12.75 41,783 532,733
1.67 WOOLWORTHS GROUP 6981239 30.91 16,524 510,757
1.14 QBE INSURANCE 6715740 17.35 20,208 350,609
1.13 ARISTOCRAT LEISU 6253983 40.03 8,641 345,899
1.08 SANTOS LTD 6776703 7.55 43,918 331,581
1.08 JAMES HARDIE-CDI B60QWJ2 55.96 5,891 329,660
0.96 COLES GROUP LTD BYWR0T5 16.26 18,104 294,371
0.95 COCHLEAR LTD 6211798 327.81 884 289,784
0.91 SUNCORP GROUP LT 6585084 16.29 17,183 279,911
0.89 BRAMBLES LTD B1FJ0C0 14.49 18,824 272,760
0.85 RESMED INC-CDI 6221667 32.62 8,020 261,590
0.79 XERO LTD B8P4LP4 127.10 1,906 242,253
0.78 WISETECH GLOBAL BZ8GX83 96.43 2,480 239,146
0.76 ORIGIN ENERGY 6214861 10.06 23,281 234,207
0.75 NORTHERN STAR RE 6717456 14.71 15,545 228,667
0.74 SCENTRE GROUP BLZH0Z7 3.22 70,200 226,044
0.73 SOUTH32 LTD BWSW5D9 3.65 61,056 222,854
0.68 INSURANCE AUSTRA 6271026 6.40 32,488 207,923
0.67 COMPUTERSHARE LT 6180412 26.71 7,688 205,346
0.59 MINERAL RESOURCE B17ZL56 77.72 2,332 181,243
0.58 CAR GROUP LTD BW0BGZ3 34.83 5,097 177,529
0.56 SONIC HEALTHCARE 6821120 26.62 6,454 171,805
0.56 ASX LTD 6129222 65.35 2,617 171,021
0.52 PILBARA MINERALS B2368L5 4.17 38,282 159,636
0.49 LOTTERY CORP LTD BNRQW72 5.03 30,115 151,478
0.48 APA GROUP 6247306 8.55 17,355 148,385
0.48 NEWMONT CORP-CDI BRDVMB3 62.93 2,345 147,571
0.48 STOCKLAND 6850856 4.58 32,216 147,549
0.47 QANTAS AIRWAYS 6710347 6.16 23,334 143,737
0.44 MEDIBANK PRIVATE BRTNNQ5 3.66 37,249 136,331
0.44 BLUESCOPE STEEL 6533232 22.66 6,002 136,005
0.42 RAMSAY HEALTH 6041995 51.60 2,501 129,052
0.42 REA GROUP LTD 6198578 183.54 695 127,560
0.41 TREASURY WINE ES B61JC67 11.47 10,977 125,906
0.41 AMCOR PLC-CDI 6066608 15.23 8,216 125,130
0.39 NEXTDC LTD B5LMKP4 17.09 7,078 120,963
0.38 ORICA LTD 6458001 17.97 6,519 117,146
0.38 AMPOL LTD BM91201 36.00 3,221 115,956
0.38 SEEK LTD B0767Y3 24.19 4,792 115,918
0.36 MIRVAC GROUP 6161978 2.08 53,370 111,010
0.36 ALTIUM LTD 6167697 65.96 1,658 109,362
0.36 GPT GROUP 6365866 4.22 25,912 109,349
0.35 WASHINGTON H. SO 6821807 32.56 3,318 108,034
0.34 DEXUS/AU B033YN6 7.06 14,546 102,695
0.33 EVOLUTION MINING B3X0F91 3.79 26,863 101,811
0.33 VICINITY CENTRES BY7QXS7 1.94 52,345 101,549
0.31 ENDEAVOUR GROUP BNVS144 5.24 18,409 96,463
0.31 AURIZON HOLDINGS B87CVM3 3.82 24,901 95,122
0.29 JB HI-FI LTD 6702623 60.99 1,478 90,143
0.29 WHITEHAVEN COAL B1XQXC4 7.95 11,322 90,010
0.28 STEADFAST GROUP BCT5FD7 5.77 14,919 86,083
0.28 ALS LTD B86SZR5 13.14 6,549 86,054
0.28 QUBE HOLDINGS LT B1L4BC6 3.58 23,895 85,544
0.27 LYNAS RARE EARTH 6121176 6.65 12,653 84,142
0.27 ATLAS ARTERIA BZ03TZ1 5.42 15,310 82,980
0.27 SEVEN GROUP HOLD B432QW4 39.23 2,110 82,775
0.27 CLEANAWAY WASTE BYQ8KW7 2.73 30,144 82,293
0.27 AGL ENERGY LTD BSS7GP5 10.01 8,190 81,982
0.26 REECE LTD 6728801 27.90 2,883 80,436
0.26 PRO MEDICUS LTD 6292782 113.10 704 79,622
0.25 WORLEY LTD 6562474 15.42 4,989 76,930
0.25 CHARTER HALL GRO B15F6S6 11.98 6,396 76,624
0.25 BENDIGO AND ADEL 6091280 9.85 7,654 75,392
0.24 INCITEC PIVOT LT 6673042 2.82 26,268 74,076
0.23 IGO LTD 6439567 7.86 9,121 71,691
0.22 PALADIN ENERGY 6668468 16.96 4,036 68,451
0.21 TECHNOLOGY ONE 6302410 16.20 4,053 65,659
0.20 IDP EDUCATION LT BDB6DD1 16.62 3,763 62,541
0.20 VIRGIN MONEY-CDI BJXCLP7 4.08 15,315 62,485
0.20 SANDFIRE RESOURC 6739739 9.77 6,181 60,388
0.20 A2 MILK CO LTD BWSRTS7 6.13 9,779 59,945
0.19 LENDLEASE GROUP 6512004 6.30 9,246 58,250
0.19 ARCADIUM LIT-CDI BS715X9 7.14 8,133 58,070
0.19 CSR LTD 6238645 8.88 6,455 57,320
0.19 FISHER & PAYKEL 6423968 26.20 2,184 57,221
0.18 TELIX PHARMA BF7M092 14.97 3,768 56,407
0.18 METCASH LTD B0744W4 3.88 14,526 56,361
0.18 RELIANCE WORLDWI BD1DM79 5.06 10,684 54,061
0.17 BANK QUEENSLAND 6076243 5.89 8,878 52,291
0.17 ALUMINA LTD 6954985 1.62 31,787 51,336
0.17 BLOCK INC - CDI BMHJ8W1 111.81 459 51,321
0.16 VIVA ENERGY GROU BYQM3N1 3.44 14,570 50,121
0.16 NIB HOLDINGS LTD B28ZM60 7.65 6,541 50,039
0.16 FLIGHT CENTRE TR 6352147 20.59 2,404 49,498
0.15 ILUKA RESOURCES 6957575 7.99 5,762 46,038
0.15 HUB24 LTD BD4T5X1 41.43 1,097 45,449
0.14 WEBJET LTD 6015815 8.34 5,227 43,593
0.14 PERSEUS MINING B02FBC1 2.32 18,584 43,115
0.14 LIFE360 INC-CDI BJMXQ67 15.39 2,763 42,523
0.14 ANSELL LTD 6286611 24.85 1,710 42,494
0.14 VENTIA SERVICES BNV08F0 3.65 11,567 42,220
0.14 DOWNER EDI LTD 6465573 4.62 9,085 41,973
0.13 AMP LTD 6709958 1.12 37,065 41,327
0.13 PREMIER INV LTD 6699781 29.81 1,358 40,482
0.13 ARB CORP LTD BWV03W5 38.66 1,044 40,361
0.13 ORORA LTD BH4TCW7 2.18 18,161 39,591
0.13 AUB GROUP LTD B0MBNC3 29.36 1,348 39,577
0.13 CHALLENGER LTD 6726300 6.45 6,127 39,519
0.13 CHORUS LTD B54F6S5 6.59 5,865 38,650
0.13 HARVEY NORMAN 6173508 4.48 8,594 38,501
0.12 CHAMPION IRON LT BLD1SB3 7.21 5,259 37,917
0.12 NATIONAL STORAGE BGP6479 2.18 17,121 37,324
0.12 PERPETUAL LTD 6682394 24.02 1,511 36,294
0.12 LIONTOWN RESOURC B1J89V5 1.28 28,228 36,132
0.11 DOMINO'S PIZZA E B07SFG7 39.05 898 35,067
0.11 BREVILLE GROUP L 6158709 26.14 1,338 34,975
0.11 REGION RE LTD BPBMY63 2.21 15,712 34,724
0.11 NEUREN PHARMACEU B04LVF0 20.25 1,713 34,688
0.11 BEACH ENERGY LTD 6088204 1.59 21,785 34,529
0.11 NEW HOPE CORP LT 6681960 4.70 6,977 32,792
0.11 NETWEALTH GROUP BF52PL1 20.48 1,583 32,420
0.11 BRICKWORKS LTD 6315593 27.66 1,169 32,335
0.10 MEGAPORT LTD BZ5ZWZ3 14.53 2,150 31,240
0.10 CHARTER HLW REIT BDB46J2 3.47 8,996 31,216
0.10 BOSS ENERGY LTD B1XLCQ6 5.62 5,526 31,056
0.10 RAMELIUS RESOURC 6586872 1.98 15,419 30,453
0.10 SUPER RETAIL GRO B01C7R0 13.99 2,168 30,330
0.10 HOMECO DAILY NEE BNC0NF4 1.23 24,170 29,729
0.10 LIGHT & WOND-CDI BMXNX11 146.49 200 29,298
0.09 EAGERS AUTO 6296201 12.31 2,326 28,633
0.09 DETERRA ROYALTIE BJP5T05 4.99 5,719 28,538
0.09 NICKEL INDUSTRIE BZ7NDP2 1.00 28,409 28,409
0.09 LOVISA HOLDINGS BT9PVP0 31.68 890 28,195
0.09 BELLEVUE GOLD LT BFZ31P0 1.76 15,927 28,032
0.09 NINE ENTERTAINME BGQV183 1.50 18,649 27,974
0.09 NUFARM LTD 6335331 5.24 5,169 27,086
0.09 CORPORATE TRAVEL B3R1D52 15.49 1,741 26,968
0.09 DE GREY MINING 6534837 1.27 21,030 26,603
0.09 AUCKLAND AIRPORT BLRZSS8 7.16 3,688 26,406
0.08 PINNACLE INVESTM BD0F7H1 11.82 2,197 25,969
0.08 EMERALD RESOURCE 6107381 3.49 7,368 25,714
0.08 TPG TELECOM LTD BMB2257 4.42 5,784 25,565
0.08 GENESIS MINERALS B23G0X1 1.79 13,959 24,987
0.08 PEXA GROUP LTD BMD0WJ3 13.85 1,750 24,238
0.08 SIMS LTD B0LCW75 11.06 2,167 23,967
0.08 GRAINCORP LTD-A 6102331 7.86 3,032 23,832
0.08 INGENIA COMMUNIT B84GSC7 4.70 5,070 23,829
0.08 BWP TRUST 6127453 3.62 6,570 23,783
0.08 CHARTER HALL RET 6225595 3.37 6,995 23,573
0.08 CENTURIA INDUSTR BD31FD8 3.25 7,214 23,446
0.08 GOLD ROAD RESOUR B15F5K1 1.60 14,630 23,335
0.08 BORAL LTD 6218670 5.76 4,028 23,201
0.07 CAPRICORN METALS BDD98W2 4.77 4,798 22,886
0.07 HMC CAPITAL LTD BJRBL61 6.90 3,298 22,756
0.07 TABCORP HLDGS 6873262 0.71 30,879 21,770
0.07 WAYPOINT REIT BLBQ285 2.39 9,086 21,716
0.07 REGIS RESOURCES 6476542 2.12 10,215 21,656
0.07 INSIGNIA FINANCI 6714394 2.40 8,990 21,576
0.07 IRESS LTD 6297497 8.62 2,481 21,386
0.07 RED 5 LTD 6367550 0.44 46,906 20,639
0.07 BAPCOR LTD BLD2CY7 4.48 4,590 20,563
0.07 KAROON ENERGY LT B00SV00 1.90 10,845 20,551
0.06 POLYNOVO LTD BSJBZM6 2.12 9,336 19,792
0.06 WEST AFRICAN RES B4KBBN0 1.42 13,885 19,647
0.06 LIFESTYLE COMMUN 6137195 12.85 1,528 19,635
0.06 AUDINATE GROUP BZ9N3B6 18.98 1,033 19,606
0.06 MAGELLAN FIN GRP B015YX4 8.83 2,203 19,452
0.06 IPH LTD BS7K5S1 6.15 3,129 19,243
0.06 GUD HLDGS LTD 6358004 10.07 1,905 19,183
0.06 SITEMINDER LTD BLH35X6 5.68 3,298 18,733
0.06 CENTURIA CAPITAL 6518745 1.72 10,890 18,731
0.06 SILVER LAKE RESO B28RMY4 1.46 12,645 18,398
0.06 INGHAMS GROUP LT BZCNHW2 3.79 4,774 18,093
0.06 ARENA REIT B99K263 3.74 4,802 17,959
0.06 ELDERS LTD 6357852 8.40 2,130 17,892
0.06 MONADELPHOUS GRP 6600471 13.53 1,314 17,778
0.06 JOHNS LYNG GROUP BYPHBX3 5.95 2,930 17,434
0.06 EVT LTD BDG0N49 12.13 1,427 17,310
0.06 KELSIAN GROUP LT BPBKR80 5.86 2,951 17,293
0.06 NEWS CORP- CDI B BD7SZP7 38.57 445 17,164
0.06 NRW HOLDINGS LTD B23XW70 2.77 6,127 16,972
0.05 DATA#3 LTD 6093015 7.90 2,090 16,511
0.05 BEGA CHEESE LTD B56CQJ5 4.45 3,665 16,309
0.05 SMARTGROUP CORP BNB5WS6 9.00 1,794 16,146
0.05 HELIA GROUP LTD BP5HL07 3.84 4,067 15,617
0.05 STAR ENTERTAINME BD5ZR98 0.47 32,555 15,138
0.05 CREDIT CORP GRP 6287658 16.35 920 15,042
0.05 COLLINS FOODS LT B6QCFP1 9.47 1,494 14,148
0.04 CORONADO GLOBAL BGV71W0 1.18 11,340 13,381
0.04 HEALIUS LTD BFZYRL1 1.29 9,817 12,664
0.04 STANMORE RESOURC B4KDPZ6 3.34 3,780 12,625
0.04 SPARK NEW ZEALAN 6881500 4.02 2,989 12,016
0.04 CHARTER HALL SOC BHJVMY0 2.54 4,573 11,615
0.04 NANOSONICS LTD B1WF979 2.92 3,848 11,236
0.04 DOMAIN HOLDINGS BF17Y13 3.27 3,416 11,170
0.04 FLETCHER BLDG 6341617 3.30 3,285 10,841
0.03 STRIKE ENERGY LT B01NQF4 0.23 38,725 8,713
-2.53 AS51 6 C7700 192.40 -403 -775,372
Holdings are subject to change.

Sector Breakdown As of 8 May 2024

Sector Weight (%)
Financials 31.0
Materials 23.2
Health Care 9.8
Consumer Discretionary 7.3
Industrials 6.9
Real Estate 6.9
Energy 4.9
Consumer Staples 4.0
Communication Services 3.7
Information Technology 3.0
Utilities 1.5

Country Breakdown As of 8 May 2024

Country Weight (%)
Australia 96.6
United States 2.0
New Zealand 1.5
Ireland 1.1
Britain 0.6
Malaysia 0.3
Jersey 0.2
-2.5
Other/Cash 0.2

Research

Three Ways to Use an S&P/ASX 200 Covered Call ETF

Read More

How to Optimise Portfolio Income

Read More

How to Enhance Income Potential with Covered Call ETFs

Read More

Documents

FAQs

  • What is a covered call strategy?

    Covered calls are an investment strategy where investors buy a stock, or group of stocks, and sell call options on them. Selling call options can generate additional income for a fund, as buyers pay “premiums” for the right to buy assets at a fixed (“strike”) price. The logic behind selling call options against assets investors already own is that it ensures investors are “covered” from a margin call perspective – hence the term “covered call”.

  • What are the potential benefits of covered call strategies?

    The primary benefit of covered calls is that they can generate more income, and on a more diversified basis, than just owning dividend-paying stocks. This is because covered call sellers receive two income streams: first the dividends, second the premiums from the calls they sell. The premiums not only provide an income uplift, but also a second stream to draw from if dividends fall or dry up. Furthermore, options premiums tend to be inversely correlated to dividend yields—with lower dividend yielding stocks producing higher premiums – creating a natural hedge.

    Covered call income is also hedged against volatility and interest rates. All else being equal, when volatility rises, option premiums rise as options traders price higher probabilities of sharp share price movements into calls. And when interest rates rise, call option premiums mechanically rise too, as call sellers provide, in effect, a loan to buyers. The economics of which gets priced into premiums.

  • What are the potential risks of covered call strategies?

    By writing covered call options in return for the receipt of premiums, investors forego the opportunity to benefit from potential increases in the value of the S&P/ASX 200 Index above the exercise prices of such options but will continue to bear the risk of declines in the value of the S&P/ASX 200 Index.

    The premiums received from the options may not be sufficient to offset any losses sustained from the volatility of the underlying stocks over time. As a result, the risks associated with writing covered call options may be similar to the risks associated with writing put options. In addition, AYLD’s ability to sell the securities underlying the options will be limited while the options are in effect unless AYLD cancels out the option positions through the purchase of offsetting identical options prior to the expiration of the written options.

  • What are the advantages of writing covered calls on the S&P/ASX 200 Index?

    Writing covered calls on the S&P/ASX 200 Index has all the familiar income advantages of buying S&P/ASX 200 shares. Investors receive all the dividends and franking credits that they do from owning the shares in the underlying index. However, writing call options provides a third source of income, derived from the premiums received from the selling of options. (Option sellers are not required to forego the dividends and franking credits they receive.) This means covered call strategies can generate income above what can be generated from just owning the shares. Furthermore, call option premiums provide a hedge against falling dividends, as call options premiums are usually larger for companies with little to no dividends.

  • Which options does the fund sell and at what price?

    The fund invests in the S&P/ASX 200 Index on a fully replicated basis. It then sells quarterly at-the-money exchange traded S&P/ASX 200 Index call options worth roughly 100% of the value of the portfolio, with the cash received from option sales reinvested into the S&P/ASX 200 Index. “At-the-money” options are those options with strike prices identical to the price of their underlying securities. Options are rolled the day before expiry. Expiring options are bought back at the time weighted average ask price between 4:20 pm and 4:25 pm Sydney time. New options are simultaneously sold at the time weighted average bid price.

  • What is the cut-off date to receive a distribution from AYLD?

    To receive a distribution, you must own the ETF – the trade must have fully settled – on the record date. This means that you should aim to buy AYLD at least two business days before the record date (as ETF trades take two business days to settle) should you wish to receive a distribution.

    The record date is the date on which Computershare, the share registry, records who owns which ETFs and therefore who is entitled to distributions. As AYLD has multiple distributions throughout the year, it has multiple record dates throughout the year too.

  • When do I receive my distributions from AYLD?

    Distributions are paid on the payment date, which is announced ahead of time on the ASX’s website. Generally speaking, the payment date falls two weeks after the record date. On the payment date, investors will receive the cash – or new ETFs, if they choose to reinvest their distributions. Franking credits are distributed via the year-end AMMA statement, which is usually issued around the end of financial year (in July or early August). Details of payment dates and frequencies are available on the fund’s website.

  • How can I know the size of a distribution?

    We (Global X) will usually forecast how big we expect a distribution to be around one week prior to the ex-distribution date. This forecast is made public on the announcement date. While these forecasts will be as accurate as practically possible, they are only estimates and are subject to corrections and revisions.

    The size of distributions is primarily determined by markets in the fund’s underlying assets. Variables include – but are not limited to – dividends and price movements in the fund's underlying shares, the size of option premiums, prevailing interest rates and market volatility.

    Fund operations can also impact distribution sizes. Management fees, transactional and operating costs typically lower a distribution. Distributions can also be impacted by the number of units in the fund on issue on the ex-distribution date. Where the number of units on issue declines in the leadup to the ex-distribution date, the distribution yield should be expected to expand. (Income accumulated between distributions is therefore spread over fewer units). An opposite dilutive effect occurs when the number of units on issue increases in the leadup to ex-distribution dates.

Global X Management (AUS) Limited (“Global X”) (Australian Financial Services Licence Number 466778, ACN 150 433 828) is the product issuer. Offers of interests in any retail product will only be made in, or accompanied by, a Product Disclosure Statement (PDS). In respect of each retail product, Global X has prepared a target market determination (TMD). Each PDS and TMD is available at www.globalxetfs.com.au. The information on this website is general in nature only and does not take into account your personal objectives, financial situations or needs. Before acting on any information, you should consider the appropriateness of the information having regard to your objectives, financial situation or needs and consider seeking independent financial, legal, tax and other relevant advice having regard to your particular circumstances. Any investment decision should only be made after obtaining and considering the relevant PDS and TMD. Investments in any product issued by Global X are subject to investment risk, including possible delays in repayment and loss of income and principal invested. The value or return of an investment will fluctuate and an investor may lose some or all of their investment. Past performance is not a reliable indicator of future performance.

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