S&P 500 Covered Call ETF - Global X ETFs - Australia

UYLD


S&P 500 Covered Call ETF

Reasons to Consider UYLD

High Income Potential

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

Efficient Options Execution

UYLD writes call options on the S&P 500 Index, saving investors the time and potential expense of doing so individually.

Potential Downside Mitigation

The premiums UYLD generates may partly cushion drawdowns.

Product Information As of 20 Jun 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 20 Jun 2024

NAV/Unit (A$) 10.85560000
Currency (NAV) AUD
Shares Outstanding 320,617
AUM (A$) 3,480,481.50
NAV History File View

Product Summary

The Global X S&P 500 Covered Call ETF (UYLD) follows a “covered call” or “buy-write” strategy, in which the fund buys the stocks in the S&P 500 Index and “writes” or “sells” corresponding call options on the same index to generate income.

Product Objective

UYLD seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P 500 BuyWrite Index. The Cboe S&P 500 BuyWrite Index measures the total return of a hypothetical “covered call” strategy applied to the S&P 500 Composite Price Index (the “S&P 500® Index”). The “long” S&P 500 Index component and the “short” Covered Call Option component are held in equal notional amounts.

Trading Details

Ticker UYLD
Bloomberg Code UYLD AU Equity
ISIN AU0000251860
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 Cboe S&P 500 BuyWrite Index
Provider S&P Dow Jones Indices, LLC.

Distributions As of 31 May 2024

12-Month Yield 7.80%
12-Month Franking Level 0.00%
Distribution Frequency Monthly
Distribution History View

Performance Table As of 20 Jun 2024

Total Return (Fund) Total Return (Benchmark) Tracking Difference Tracking Error
1 Month 1.55% 1.65% -0.11% 0.86%
3 Months -0.41% -0.39% -0.03% 1.14%
1 Year 9.80% 11.57% -1.78% 1.36%
3 Year p.a. -- -- -- --
5 Year p.a. -- -- -- --
10 Year p.a. -- -- -- --
Since Inception p.a. 13.78% 15.96% -2.18% 1.20%

Top Holdings As of 21 Jun 2024

Net Assets (%) Name SEDOL Market Price (Local) Shares Held Market Value (A$)
7.40 MICROSOFT CORP 2588173 445.70 385 257,586
7.22 NVIDIA CORP 2379504 130.78 1,280 251,135
6.80 APPLE INC 2046251 209.68 752 236,713
3.80 AMAZON.COM INC 2000019 186.10 474 132,225
2.46 META PLATFORMS-A B7TL820 501.70 114 85,706
2.32 ALPHABET INC-A BYVY8G0 176.30 305 80,667
1.95 ALPHABET INC-C BYY88Y7 177.71 255 68,047
1.70 BROADCOM INC BDZ78H9 1,734.56 23 59,157
1.66 BERKSHIRE HATH-B 2073390 409.15 94 57,738
1.57 ELI LILLY & CO 2516152 885.99 41 54,780
1.28 JPMORGAN CHASE 2190385 198.67 149 44,516
1.12 EXXON MOBIL CORP 2326618 111.74 233 39,072
1.12 TESLA INC B616C79 181.57 143 38,953
1.00 UNITEDHEALTH GRP 2917766 484.52 48 34,708
0.97 VISA INC-CLASS A B2PZN04 276.82 82 33,886
0.88 PROCTER & GAMBLE 2704407 167.67 121 30,511
0.85 COSTCO WHOLESALE 2701271 862.44 23 29,568
0.83 MASTERCARD INC-A B121557 452.51 42 28,844
0.79 JOHNSON&JOHNSON 2475833 147.78 124 27,495
0.78 HOME DEPOT INC 2434209 353.44 51 27,172
0.73 MERCK & CO 2778844 129.67 130 25,376
0.67 ABBVIE INC B92SR70 172.13 91 23,445
0.65 NETFLIX INC 2857817 679.03 22 22,648
0.64 WALMART INC 2936921 68.01 220 22,445
0.61 BANK OF AMERICA 2295677 39.99 354 21,222
0.60 CHEVRON CORP 2838555 156.64 89 20,949
0.58 ADV MICRO DEVICE 2007849 161.78 83 20,141
0.54 COCA-COLA CO/THE 2206657 62.18 200 18,633
0.53 QUALCOMM INC 2714923 215.47 57 18,490
0.52 ADOBE INC 2008154 522.95 23 18,179
0.52 SALESFORCE INC 2310525 241.80 50 18,042
0.51 PEPSICO INC 2681511 166.68 71 17,639
0.50 ORACLE CORP 2661568 142.91 82 17,491
0.48 THERMO FISHER 2886907 557.21 20 16,548
0.47 LINDE PLC BNZHB81 442.64 25 16,506
0.47 WELLS FARGO & CO 2649100 58.96 184 16,317
0.44 APPLIED MATERIAL 2046552 239.99 42 15,302
0.42 ACCENTURE PLC-A B4BNMY3 306.16 32 14,727
0.42 CISCO SYSTEMS 2198163 46.72 208 14,578
0.41 WALT DISNEY CO/T 2270726 101.84 94 14,336
0.41 ABBOTT LABS 2002305 106.57 89 14,190
0.41 MCDONALDS CORP 2550707 253.80 37 14,132
0.40 GENERAL ELECTRIC BL59CR9 165.00 56 13,765
0.39 TEXAS INSTRUMENT 2885409 192.76 46 13,443
0.38 INTUIT INC 2459020 616.08 14 13,213
0.37 VERIZON COMMUNIC 2090571 40.24 215 12,962
0.37 CATERPILLAR INC 2180201 329.13 26 12,844
0.36 AMGEN INC 2023607 309.89 27 12,699
0.36 DANAHER CORP 2250870 248.56 34 12,530
0.35 IBM 2005973 173.92 47 12,178
0.35 MICRON TECH 2588184 144.19 56 12,153
0.35 PHILIP MORRIS IN B2PKRQ3 101.20 79 12,022
0.34 PFIZER INC 2684703 27.74 288 11,993
0.33 INTUITIVE SURGIC 2871301 432.55 18 11,645
0.33 SERVICENOW INC B80NXX8 734.31 10 11,509
0.33 COMCAST CORP-A 2044545 37.85 202 11,476
0.33 GOLDMAN SACHS GP 2407966 458.05 17 11,424
0.33 NEXTERA ENERGY 2328915 72.46 105 11,374
0.32 UBER TECHNOLOGIE BK6N347 70.30 105 11,039
0.31 HONEYWELL INTL 2020459 214.14 34 10,775
0.31 S&P GLOBAL INC BYV2325 438.71 16 10,765
0.31 BOOKING HOLDINGS BDRXDB4 3,972.08 2 10,653
0.31 RTX CORP BM5M5Y3 105.07 68 10,644
0.30 LAM RESEARCH 2502247 1,061.31 7 10,606
0.30 UNION PAC CORP 2914734 225.17 31 10,491
0.29 AMERICAN EXPRESS 2026082 230.21 29 10,053
0.29 CONOCOPHILLIPS 2685717 111.33 60 10,018
0.29 LOWE'S COS INC 2536763 227.53 29 9,985
0.28 INTEL CORP 2463247 30.62 215 9,876
0.28 AT&T INC 2831811 18.11 363 9,864
0.28 EATON CORP PLC B8KQN82 323.24 20 9,834
0.28 ELEVANCE HEALTH BSPHGL4 534.79 12 9,583
0.27 TJX COS INC 2989301 110.38 58 9,566
0.27 PROGRESSIVE CORP 2705024 210.85 30 9,403
0.27 MORGAN STANLEY 2262314 97.44 64 9,304
0.27 VERTEX PHARM 2931034 471.38 13 9,248
0.25 NIKE INC -CL B 2640147 95.57 62 8,841
0.25 CITIGROUP INC 2297907 60.62 97 8,786
0.25 STRYKER CORP 2853688 341.35 17 8,776
0.25 ANALOG DEVICES 2032067 229.51 25 8,629
0.25 BOSTON SCIENTIFC 2113434 77.00 74 8,568
0.24 KLA CORP 2480138 829.59 7 8,517
0.24 REGENERON PHARM 2730190 1,044.39 5 8,367
0.24 BLACKROCK INC 2494504 782.83 7 8,338
0.24 SCHWAB (CHARLES) 2779397 72.70 75 8,229
0.24 CHUBB LTD B3BQMF6 266.48 21 8,201
0.23 MEDTRONIC PLC BTN1Y11 80.17 67 8,105
0.23 MARSH & MCLENNAN 2567741 215.00 25 8,029
0.22 BOEING CO/THE 2108601 176.30 29 7,675
0.22 AUTOMATIC DATA 2065308 246.06 21 7,660
0.22 PROLOGIS INC B44WZD7 109.16 47 7,651
0.22 LOCKHEED MARTIN 2522096 466.34 11 7,600
0.22 DEERE & CO 2261203 381.53 13 7,544
0.22 UNITED PARCEL-B 2517382 136.87 37 7,512
0.21 THE CIGNA GROUP BHJ0775 337.88 15 7,477
0.21 PALO ALTO NETWOR B87ZMX0 311.04 16 7,428
0.21 FISERV INC 2342034 149.94 32 7,210
0.20 SYNOPSYS INC 2867719 610.18 8 7,036
0.20 CHIPOTLE MEXICAN B0X7DZ3 3,214.42 1 6,974
0.20 CADENCE DESIGN 2302232 318.53 15 6,957
0.20 T-MOBILE US INC B94Q9V0 176.44 26 6,947
0.20 AMERICAN TOWER C B7FBFL2 194.17 23 6,843
0.20 STARBUCKS CORP 2842255 79.72 57 6,814
0.19 BLACKSTONE INC BKF2SL7 124.68 36 6,771
0.19 MONDELEZ INTER-A B8CKK03 66.06 68 6,734
0.19 BRISTOL-MYER SQB 2126335 41.04 109 6,699
0.19 ARISTA NETWORKS BN33VM5 340.19 13 6,459
0.18 GILEAD SCIENCES 2369174 68.49 63 6,434
0.18 COLGATE-PALMOLIV 2209106 96.95 44 6,336
0.18 INTERCONTINENTAL BFSSDS9 137.11 30 6,232
0.18 AMPHENOL CORP-A 2145084 68.44 60 6,181
0.18 BUNGE GLOBAL SA BQ6BPG9 103.34 40 6,171
0.18 WASTE MANAGEMENT 2937667 208.77 20 6,120
0.17 TRANE TECHNOLOGI BK9ZQ96 335.93 12 6,051
0.17 ALTRIA GROUP INC 2692632 45.43 89 6,032
0.17 MCKESSON CORP 2378534 603.24 7 5,956
0.17 ZOETIS INC B95WG16 168.18 23 5,812
0.17 DUKE ENERGY CORP B7VD3F2 100.10 39 5,808
0.17 CVS HEALTH CORP 2577609 61.00 63 5,757
0.16 EQUINIX INC BVLZX12 763.60 5 5,733
0.16 CONSTELLATION EN BMH4FS1 222.31 17 5,719
0.16 CME GROUP INC 2965839 198.49 19 5,664
0.16 BECTON DICKINSON 2087807 238.40 15 5,504
0.16 TRANSDIGM GROUP B11FJK3 1,329.67 3 5,497
0.15 NXP SEMICONDUCTO B505PN7 264.68 13 5,358
0.15 CSX CORP 2160753 33.31 107 5,356
0.15 EOG RESOURCES 2318024 121.99 29 5,345
0.15 ILLINOIS TOOL WO 2457552 243.33 15 5,327
0.15 SHERWIN-WILLIAMS 2804211 301.35 12 5,325
0.15 FREEPORT-MCMORAN 2352118 49.36 72 5,320
0.15 MOODY'S CORP 2252058 422.71 8 5,318
0.15 PAYPAL HOLDINGS BYW36M8 59.80 58 5,209
0.15 SCHLUMBERGER LTD 2779201 45.46 76 5,159
0.15 PARKER HANNIFIN 2671501 507.99 7 5,146
0.15 GENERAL DYNAMICS 2365161 299.63 11 5,088
0.15 MOTOROLA SOLUTIO B5BKPQ4 384.60 9 5,056
0.14 HCA HEALTHCARE I B4MGBG6 338.37 10 4,994
0.14 TARGET CORP 2259101 143.38 23 4,968
0.14 NORTHROP GRUMMAN 2648806 434.48 8 4,958
0.14 AON PLC-CLASS A BLP1HW5 296.59 11 4,864
0.14 US BANCORP 2736035 39.28 82 4,845
0.14 CINTAS CORP 2197137 706.51 5 4,840
0.14 PNC FINANCIAL SE 2692665 153.18 21 4,823
0.14 PHILLIPS 66 B78C4Y8 137.96 23 4,822
0.14 AIRBNB INC-A BMGYYH4 147.88 22 4,803
0.14 MARATHON PETROLE B3K3L40 173.66 18 4,779
0.14 AIR PRODS & CHEM 2011602 272.07 12 4,729
0.14 O'REILLY AUTOMOT B65LWX6 1,080.57 3 4,716
0.14 FEDEX CORP 2142784 252.52 12 4,713
0.14 ROPER TECHNOLOGI 2749602 559.22 6 4,710
0.13 EMERSON ELEC CO 2313405 108.14 28 4,615
0.13 ECOLAB INC 2304227 243.89 13 4,606
0.13 GENERAL MOTORS C B665KZ5 47.77 63 4,484
0.13 ARTHUR J GALLAGH 2359506 264.66 11 4,483
0.13 MARRIOTT INTL-A 2210614 243.98 12 4,476
0.13 SOLVENTUM BMTQB43 53.80 55 4,427
0.13 3M CO 2595708 101.66 29 4,396
0.13 HILTON WORLDWIDE BYVMW06 217.81 13 4,357
0.12 EDWARDS LIFE 2567116 88.84 32 4,237
0.12 WELLTOWER INC BYVYHH4 103.03 27 4,229
0.12 WILLIAMS COS INC 2967181 42.40 66 4,200
0.12 PACCAR INC 2665861 107.23 26 4,154
0.12 AUTOZONE INC 2065955 3,008.23 1 4,137
0.12 AMERICAN INTERNA 2027342 74.88 37 4,128
0.12 AUTODESK INC 2065159 243.51 11 4,095
0.12 NEWMONT CORP 2636607 42.81 62 4,012
0.11 NORFOLK SOUTHERN 2641894 224.50 12 3,992
0.11 TRUIST FINANCIAL BKP7287 36.63 72 3,977
0.11 CARRIER GLOB BK4N0D7 64.22 41 3,970
0.11 GE VERNOVA INC BP6H4Y1 177.18 15 3,916
0.11 ROSS STORES INC 2746711 147.37 18 3,899
0.11 CAPITAL ONE FINA 2654461 138.13 19 3,892
0.11 SEMPRA 2138158 75.48 34 3,862
0.11 VALERO ENERGY 2041364 152.47 17 3,850
0.11 KIMBERLY-CLARK 2491839 140.12 18 3,833
0.11 COPART INC 2208073 54.01 47 3,808
0.11 PUBLIC STORAGE 2852533 291.97 9 3,800
0.11 FORD MOTOR CO 2615468 11.94 212 3,789
0.11 JOHNSON CONTROLS BY7QL61 68.19 37 3,788
0.11 TRAVELERS COS IN 2769503 211.97 12 3,784
0.11 MICROCHIP TECH 2592174 89.02 28 3,751
0.11 SIMON PROPERTY 2812452 146.24 17 3,731
0.11 AFLAC INC 2026361 89.76 28 3,710
0.11 FIDELITY NATIONA 2769796 76.48 32 3,695
0.11 MODERNA INC BGSXTS3 134.40 18 3,656
0.10 TE CONNECTIVITY B62B7C3 150.50 16 3,648
0.10 DEXCOM B0796X4 116.07 21 3,645
0.10 DIGITAL REALTY B03GQS4 147.89 16 3,616
0.10 REALTY INCOME 2724193 53.01 45 3,586
0.10 SUPER MICRO COMP B1VQR35 917.64 3 3,558
0.10 HUMANA INC 2445063 357.42 7 3,544
0.10 UNITED RENTALS 2134781 639.22 4 3,500
0.10 AMERIPRISE FINAN B0J7D57 442.22 5 3,475
0.10 ONEOK INC 2130109 81.05 29 3,474
0.10 METLIFE INC 2573209 70.85 32 3,429
0.10 PRUDENTL FINL 2819118 117.04 20 3,427
0.10 AMERICAN ELECTRI 2026242 87.88 26 3,399
0.10 DOMINION ENERGY 2542049 49.81 45 3,389
0.10 IDEXX LABS 2459202 495.96 5 3,368
0.10 QUANTA SERVICES 2150204 273.97 8 3,351
0.10 WW GRAINGER INC 2380863 915.29 2 3,322
0.09 OCCIDENTAL PETE 2655408 62.44 35 3,280
0.09 CROWN CASTLE INC BTGQCX1 96.41 23 3,266
0.09 PAYCHEX INC 2674458 125.08 17 3,256
0.09 REPUBLIC SVCS 2262530 191.83 11 3,242
0.09 AMETEK INC 2089212 168.52 13 3,228
0.09 VERISK ANALYTI B4P9W92 268.09 8 3,208
0.09 OTIS WORLDWI BK531S8 96.60 22 3,187
0.09 DOW INC BHXCF84 54.21 39 3,164
0.09 ALLSTATE CORP 2019952 162.59 13 3,129
0.09 MSCI INC B2972D2 482.79 4 3,126
0.09 INGERSOLL-RAND I BL5GZ82 93.18 22 3,105
0.09 L3HARRIS TECHNOL BK9DTN5 224.10 9 3,095
0.09 PG&E CORP 2689560 17.83 116 3,093
0.09 DR HORTON INC 2250687 141.15 15 3,085
0.09 CONSTELLATION-A 2170473 262.83 8 3,084
0.09 GENERAL MILLS IN 2367026 66.69 31 3,075
0.09 SYSCO CORP 2868165 72.75 28 3,045
0.09 FASTENAL CO 2332262 65.12 31 3,025
0.09 AGILENT TECH INC 2520153 132.73 15 3,016
0.09 ARCH CAPITAL GRP 2740542 102.45 20 3,002
0.09 NUCOR CORP 2651086 156.81 13 2,996
0.09 CORTEVA INC BK73B42 52.37 38 2,995
0.09 LENNAR CORP-A 2511920 149.31 13 2,992
0.08 HESS CORP 2023748 147.14 13 2,955
0.08 KEURIG DR PEPPER BD3W133 34.21 58 2,954
0.08 MONOLITHIC POWER B01Z7J1 825.33 2 2,947
0.08 MONSTER BEVERAGE BZ07BW4 48.68 40 2,924
0.08 ROYAL CARIBBEAN 2754907 150.21 13 2,905
0.08 CENTENE CORP 2807061 67.48 28 2,881
0.08 FORTINET INC B5B2106 57.94 33 2,875
0.08 IQVIA HOLDINGS I BDR73G1 214.19 9 2,847
0.08 FAIR ISAAC CORP 2330299 1,412.76 1 2,836
0.08 EXELON CORP 2670519 34.94 54 2,833
0.08 DIAMONDBACK ENER B7Y8YR3 192.73 10 2,828
0.08 CENCORA INC 2795393 235.68 8 2,810
0.08 LULULEMON ATH B23FN39 310.77 6 2,800
0.08 KENVUE INC BQ84ZQ6 18.84 99 2,787
0.08 KINDER MORGAN IN B3NQ4P8 19.80 93 2,772
0.08 COGNIZANT TECH-A 2257019 68.14 27 2,762
0.08 CUMMINS INC 2240202 278.31 7 2,755
0.08 EXTRA SPACE STOR B02HWR9 158.00 12 2,753
0.08 XYLEM INC B3P2CN8 139.23 13 2,740
0.08 YUM! BRANDS INC 2098876 134.15 14 2,734
0.08 DUPONT DE NEMOUR BK0VN47 79.87 23 2,731
0.08 KROGER CO 2497406 50.28 36 2,723
0.08 BIOGEN INC 2455965 225.58 8 2,705
0.08 GE HEALTHCARE TE BL6JPG8 79.44 23 2,696
0.08 VULCAN MATERIALS 2931205 246.46 7 2,686
0.08 CDW CORP/DE BBM5MD6 231.93 8 2,666
0.08 PUB SERV ENTERP 2707677 73.58 24 2,646
0.08 SOLVENTUM BMTQB43 53.80 33 2,643
0.08 MARTIN MAR MTLS 2572079 540.48 3 2,617
0.08 DELTA AIR LI B1W9D46 49.61 35 2,612
0.07 ELECTRONIC ARTS 2310194 137.85 12 2,583
0.07 DISCOVER FINANCI B1YLC43 127.78 13 2,577
0.07 METTLER-TOLEDO 2126249 1,456.59 1 2,550
0.07 HARTFORD FINL SV 2476193 103.69 16 2,534
0.07 XCEL ENERGY INC 2614807 53.53 31 2,516
0.07 GARTNER INC 2372763 450.48 4 2,516
0.07 HOWMET AEROSPACE BKLJ8V2 79.51 21 2,503
0.07 CORNING INC 2224701 39.85 41 2,473
0.07 ROCKWELL AUTOMAT 2754060 260.52 6 2,472
0.07 HP INC BYX4D52 36.24 45 2,431
0.07 COSTAR GROUP INC 2262864 73.07 22 2,428
0.07 ON SEMICONDUCTOR 2583576 67.63 24 2,417
0.07 VISTRA CORP BZ8VJQ8 88.19 18 2,417
0.07 HALLIBURTON CO 2405302 33.33 48 2,417
0.07 RESMED INC 2732903 213.27 7 2,392
0.07 FIRST SOLAR INC B1HMF22 260.07 6 2,386
0.07 BAKER HUGHES CO BDHLTQ5 32.97 48 2,364
0.07 AVALONBAY COMMUN 2131179 201.93 8 2,337
0.07 EQUIFAX INC 2319146 239.77 6 2,333
0.07 ARCHER-DANIELS 2047317 61.01 25 2,326
0.07 DEVON ENERGY CO 2480677 45.99 34 2,323
0.07 PPG INDS INC 2698470 128.46 12 2,314
0.07 VICI PROPERTIES BYWH073 28.08 55 2,311
0.07 ANSYS INC 2045623 325.68 5 2,309
0.07 DOLLAR GENERAL C B5B1S13 127.50 12 2,295
0.07 CHARTER COMMUN-A BZ6VT82 284.00 5 2,283
0.07 HEWLETT PACKA BYVYWS0 21.48 70 2,269
0.06 EDISON INTL 2829515 71.88 21 2,258
0.06 EBAY INC 2293819 53.84 28 2,255
0.06 CBRE GROUP INC-A B6WVMH3 90.18 17 2,252
0.06 CONS EDISON INC 2216850 90.53 16 2,239
0.06 ESTEE LAUDER 2320524 112.70 13 2,236
0.06 OLD DOMINION FRT 2656423 174.65 9 2,230
0.06 KRAFT HEINZ CO/T BYRY499 32.64 45 2,223
0.06 WILLIS TOWERS WA BDB6Q21 259.94 6 2,182
0.06 WABTEC CORP 2955733 161.60 9 2,173
0.06 TRACTOR SUPPLY 2900335 280.23 5 2,152
0.06 T ROWE PRICE GRP 2702337 118.19 12 2,142
0.06 TARGA RESOURCES B55PZY3 126.32 11 2,117
0.06 IRON MOUNTAIN BVFTF03 88.83 16 2,112
0.06 GLOBAL PAYMENTS 2712013 94.37 15 2,091
0.06 CARDINAL HEALTH 2175672 104.37 13 2,090
0.06 AMERICAN WATER W B2R3PV1 130.26 11 2,069
0.06 DOVER CORP 2278407 183.30 7 2,062
0.06 WEST PHARMACEUT 2950482 328.64 4 2,055
0.06 HERSHEY CO/THE 2422806 182.00 8 2,049
0.06 PULTEGROUP INC 2708841 110.69 12 2,041
0.06 WEC ENERGY GROUP BYY8XK8 79.25 17 2,040
0.06 DECKERS OUTDOOR 2267278 989.44 1 2,020
0.06 WESTERN DIGITAL 2954699 76.29 18 2,011
0.06 BROADRIDGE FINL B1VP7R6 199.94 7 1,998
0.06 CHURCH & DWIGHT 2195841 108.91 12 1,994
0.06 NETAPP INC 2630643 127.47 10 1,988
0.06 GARMIN LTD B3Z5T14 159.96 8 1,978
0.06 FORTIVE CORP BYT3MK1 72.97 18 1,976
0.06 EQUITY RESIDENTI 2319157 67.85 19 1,952
0.06 ENTERGY CORP 2317087 106.29 12 1,934
0.06 DTE ENERGY CO 2280220 111.12 12 1,933
0.06 KEYSIGHT TEC BQZJ0Q9 135.44 10 1,932
0.06 NVR INC 2637785 7,514.88 0 1,926
0.05 M&T BANK CORP 2340168 147.82 9 1,893
0.05 FIFTH THIRD BANC 2336747 35.92 35 1,890
0.05 TAKE-TWO INTERAC 2122117 154.98 8 1,861
0.05 DOLLAR TREE INC 2272476 107.58 11 1,840
0.05 TERADYNE INC 2884183 147.95 8 1,827
0.05 LYONDELLBASELL-A B3SPXZ3 95.05 13 1,814
0.05 NASDAQ INC 2965107 59.23 20 1,797
0.05 SBA COMM CORP BZ6TS23 190.78 6 1,796
0.05 INTL FLVR & FRAG 2464165 96.17 12 1,794
0.05 VERALTO CORP BPGMZQ5 100.28 12 1,787
0.05 BROWN & BROWN 2692687 92.89 13 1,780
0.05 PPL CORP 2680905 28.05 42 1,759
0.05 ZIMMER BIOMET HO 2783815 106.25 11 1,724
0.05 PTC INC B95N910 176.03 6 1,706
0.05 RAYMOND JAMES 2718992 119.06 10 1,704
0.05 WEYERHAEUSER CO 2958936 28.64 40 1,699
0.05 AXON ENTERPRISE BDT5S35 293.14 4 1,698
0.05 VENTAS INC 2927925 50.07 22 1,684
0.05 APTIV PLC B783TY6 73.25 15 1,667
0.05 CORPAY INC BMX5GK7 262.45 4 1,654
0.05 AVERY DENNISON 2066408 226.00 5 1,648
0.05 STERIS PLC BFY8C75 219.31 5 1,647
0.05 COTERRA ENERGY I 2162340 26.89 41 1,644
0.05 LEIDOS HOLDINGS BDV82B8 146.01 7 1,634
0.05 COOPER COS INC BQPDXR3 91.73 12 1,619
0.05 FIRSTENERGY CORP 2100920 38.23 28 1,606
0.05 CENTERPOINT ENER 2440637 31.28 34 1,605
0.05 GENUINE PARTS CO 2367480 141.42 7 1,585
0.05 TYLER TECHNOLOG 2909644 479.04 2 1,583
0.05 SEAGATE TECHNOLO BKVD2N4 102.62 10 1,576
0.05 ATMOS ENERGY 2315359 117.18 9 1,574
0.04 MCCORMICK-N/V 2550161 68.56 15 1,558
0.04 PRINCIPAL FINL 2803014 80.25 13 1,545
0.04 INVITATION HOMES BD81GW9 35.59 29 1,538
0.04 AMEREN CORP 2050832 71.06 14 1,530
0.04 CBOE GLOBAL MARK B5834C5 172.34 6 1,524
0.04 PACKAGING CORP 2504566 185.45 5 1,519
0.04 BALL CORP 2073022 60.43 17 1,511
0.04 STATE ST CORP 2842040 72.40 14 1,508
0.04 STEEL DYNAMICS 2849472 125.68 8 1,501
0.04 HUNTINGTON BANC 2445966 12.52 80 1,500
0.04 DARDEN RESTAURAN 2289874 154.29 6 1,494
0.04 CARNIVAL CORP 2523044 16.06 62 1,489
0.04 CINCINNATI FIN 2196888 115.40 9 1,488
0.04 EVERSOURCE ENERG BVVN4Q8 57.99 17 1,482
0.04 REGIONS FINANCIA B01R311 18.91 52 1,466
0.04 EXPEDITORS INTL 2325507 126.25 8 1,458
0.04 EXPEDIA GROUP IN B748CK2 125.48 8 1,454
0.04 OMNICOM GROUP 2279303 89.75 11 1,447
0.04 JACOBS SOLUTIONS BNGC0D3 141.19 7 1,437
0.04 EVEREST GROUP LT 2556868 380.28 3 1,436
0.04 BUILDERS FIRSTSO B0BV2M7 144.74 7 1,434
0.04 CMS ENERGY CORP 2219224 59.48 16 1,426
0.04 NRG ENERGY 2212922 80.72 12 1,421
0.04 NORTHERN TRUST 2648668 82.16 12 1,420
0.04 WATERS CORP 2937689 290.00 3 1,417
0.04 LABCORP HOLDINGS BSBK800 207.38 5 1,408
0.04 DOMINO'S PIZZA B01SD70 525.00 2 1,408
0.04 CLOROX CO 2204026 135.74 7 1,405
0.04 BEST BUY CO INC 2094670 92.37 10 1,400
0.04 HUBBELL INC BDFG6S3 380.07 2 1,396
0.04 SKYWORKS SOLUTIO 2961053 105.80 9 1,394
0.04 ZEBRA TECH CORP 2989356 296.64 3 1,378
0.04 TEXTRON INC 2885937 86.26 11 1,377
0.04 ULTA BEAUTY INC B28TS42 378.40 2 1,370
0.04 MOLINA HEALTHCAR 2212706 307.77 3 1,370
0.04 UNITED AIRLINES B4QG225 48.90 19 1,364
0.04 WR BERKLEY CORP 2093644 81.03 11 1,356
0.04 FACTSET RESEARCH 2329770 408.35 2 1,350
0.04 TYSON FOODS-A 2909730 56.12 16 1,340
0.04 CITIZENS FINANCI BQRX1X3 34.68 26 1,334
0.04 MARATHON OIL 2910970 27.83 32 1,328
0.04 ILLUMINA INC 2613990 108.25 8 1,328
0.04 SYNCHRONY FINANC BP96PS6 44.93 20 1,327
0.04 WARNER BROS DISC BM8JYX3 7.04 125 1,321
0.04 TELEDYNE TECH 2503477 386.54 2 1,321
0.04 LOEWS CORP 2523022 76.45 11 1,309
0.04 INSULET CORP B1XGNW4 199.31 4 1,307
0.04 BUNGE GLOBAL SA BQ6BPG9 103.34 8 1,299
0.04 ALIGN TECHNOLOGY 2679204 242.61 4 1,297
0.04 INTL PAPER CO 2465254 46.55 19 1,293
0.04 MID-AMERICA APAR 2589132 140.19 6 1,284
0.04 QUEST DIAGNOSTIC 2702791 138.20 6 1,283
0.04 HOLOGIC INC 2433530 72.21 12 1,272
0.04 BAXTER INTL INC 2085102 34.00 25 1,271
0.04 IDEX CORP 2456612 203.17 4 1,260
0.04 EQT CORP 2319414 37.76 22 1,254
0.04 CONAGRA BRANDS I 2215460 28.50 29 1,253
0.04 LAS VEGAS SANDS B02T2J7 44.61 18 1,225
0.04 ALEXANDRIA REAL 2009210 115.34 7 1,225
0.03 MASCO CORP 2570200 68.24 12 1,218
0.03 GEN DIGITAL INC BJN4XN5 23.76 34 1,202
0.03 VERISIGN INC 2142922 180.89 4 1,199
0.03 SNAP-ON INC 2818740 268.68 3 1,193
0.03 NORDSON CORP 2641838 231.80 3 1,190
0.03 AMCOR PLC BJ1F307 9.88 80 1,190
0.03 KELLANOVA 2486813 57.72 14 1,190
0.03 CF INDUSTRIES HO B0G4K50 74.13 11 1,180
0.03 HOST HOTELS & RE 2567503 18.06 43 1,175
0.03 ESSEX PROPERTY 2316619 280.08 3 1,175
0.03 ENPHASE ENERGY B65SQW4 108.57 7 1,172
0.03 STANLEY BLACK & B3Q2FJ4 84.06 9 1,140
0.03 JABIL INC 2471789 111.79 7 1,131
0.03 CELANESE CORP B05MZT4 138.05 5 1,127
0.03 EVERGY INC BFMXGR0 52.87 14 1,124
0.03 REVVITY INC 2305844 107.50 7 1,108
0.03 AKAMAI TECHNOLOG 2507457 89.36 8 1,089
0.03 HEALTHPEAK PROPE BJBLRK3 19.38 37 1,073
0.03 TRIMBLE INC 2903958 55.75 13 1,065
0.03 HUNT (JB) TRANS 2445416 155.37 5 1,060
0.03 LIVE NATION ENTE B0T7YX2 92.28 8 1,059
0.03 PENTAIR PLC BLS09M3 79.32 9 1,042
0.03 INTERPUBLIC GRP 2466321 29.31 24 1,041
0.03 POOL CORP 2781585 333.49 2 1,028
0.03 KEYCORP 2490911 13.64 50 1,028
0.03 WESTROCK CO BYR0914 52.19 13 1,026
0.03 CARMAX INC 2983563 71.36 10 1,020
0.03 CH ROBINSON 2116228 87.49 8 1,017
0.03 REGENCY CENTERS 2726177 61.67 11 1,007
0.03 LAMB WESTON BDQZFJ3 82.49 8 996
0.03 VIATRIS INC BMWS3X9 10.26 65 994
0.03 ALLIANT ENERGY 2973821 50.99 13 990
0.03 UDR INC 2727910 40.58 16 977
0.03 AES CORP 2002479 18.86 34 968
0.03 JACK HENRY 2469193 165.88 4 968
0.03 ROLLINS INC 2747305 49.35 13 959
0.03 KIMCO REALTY 2491594 18.89 33 948
0.03 INCYTE CORP 2471950 62.36 10 946
0.03 NISOURCE INC 2645409 28.34 22 939
0.03 EASTMAN CHEMICAL 2298386 98.08 6 933
0.03 WALGREENS BOOTS BTN1Y44 15.87 39 924
0.03 JM SMUCKER CO 2951452 109.70 6 917
0.03 LKQ CORP 2971029 41.49 15 909
0.03 BIO-TECHNE CORP BSHZ3Q0 74.53 8 905
0.03 CHARLES RIVER LA 2604336 209.63 3 897
0.03 UNIVERSAL HLTH-B 2923785 188.68 3 896
0.03 JUNIPER NETWORKS 2431846 35.43 17 889
0.03 CAMPBELL SOUP CO 2162845 44.75 13 889
0.03 QORVO INC BR9YYP4 112.91 5 888
0.03 BATH & BODY WORK BNNTGJ5 42.30 14 875
0.03 ALBEMARLE CORP 2046853 93.79 6 872
0.02 EPAM SYSTEMS INC B44Z3T8 181.80 3 868
0.02 ALLEGION PLC BFRT3W7 115.75 5 829
0.02 SMITH (A.O.)CORP 2816023 83.92 7 829
0.02 FOX CORP - A BJJMGL2 34.35 16 826
0.02 BOSTON PROPERTIE 2019479 61.41 9 794
0.02 NEWS CORP-CL A BBGVT40 26.90 20 792
0.02 MGM RESORTS INTE 2547419 41.70 13 790
0.02 TELEFLEX INC 2881407 202.08 3 782
0.02 F5 INC 2427599 169.74 3 773
0.02 CAMDEN PROP TR 2166320 109.37 5 772
0.02 MATCH GROUP INC BK80XH9 30.29 17 769
0.02 CATALENT INC BP96PQ4 54.82 9 767
0.02 MOLSON COORS-B B067BM3 50.63 10 754
0.02 CAESARS ENTERTAI BMWWGB0 38.80 13 750
0.02 MOSAIC CO/THE B3NPHP6 27.72 18 747
0.02 HUNTINGTON INGAL B40SSC9 247.36 2 744
0.02 HORMEL FOODS CRP 2437264 30.48 16 720
0.02 APA CORP BNNF1C1 28.30 17 712
0.02 BROWN-FORMAN -B 2146838 43.31 11 711
0.02 HASBRO INC 2414580 60.62 8 690
0.02 TAPESTRY INC BF09HX3 41.31 11 678
0.02 WYNN RESORTS LTD 2963811 89.70 5 676
0.02 PAYCOM SOFTWARE BL95MY0 145.68 3 667
0.02 COMERICA INC 2212870 47.31 9 657
0.02 MARKETAXESS B03Q9D0 199.09 2 651
0.02 HENRY SCHEIN INC 2416962 66.55 6 641
0.02 DAVITA INC 2898087 140.24 3 636
0.02 INVESCO LTD B28XP76 14.95 28 630
0.02 ASSURANT INC 2331430 169.60 2 621
0.02 PINNACLE WEST 2048804 75.49 5 613
0.02 DAYFORCE INC BFX1V56 49.86 8 606
0.02 NORWEGIAN CRUISE B9CGTC3 17.18 23 594
0.02 SOLVENTUM BMTQB43 53.80 7 579
0.02 GLOBE LIFE INC BK6YKG1 82.57 5 578
0.02 AMERICAN AIRLINE BCV7KT2 11.24 34 575
0.02 RALPH LAUREN COR B4V9661 184.58 2 574
0.02 ETSY INC BWTN5N1 58.20 6 563
0.02 BORGWARNER INC 2111955 33.13 11 556
0.02 FMC CORP 2328603 54.38 7 550
0.02 BIO-RAD LABS-A 2098508 285.62 1 537
0.02 ROBERT HALF INC 2110703 63.69 6 533
0.02 FED REALTY INVS BN7P9B2 101.00 3 525
0.01 PARAMOUNT GLOB-B BKTNTR9 10.06 34 512
0.01 MOHAWK INDS 2598699 111.35 3 496
0.01 FRANKLIN RES INC 2350684 22.60 13 457
0.01 GENERAC HOLDINGS B6197Q2 137.59 2 455
0.01 NEWS CORP-CL B BBGVT51 27.51 10 394
0.01 FOX CORP - B BJJMGY5 31.91 6 294
SPX 6 C5305 171.10 -4 -111,650
Holdings are subject to change.

Sector Breakdown As of 21 Jun 2024

Sector Weight (%)
Information Technology 33.4
Financials 12.6
Health Care 12.3
Consumer Discretionary 10.1
Communication Services 9.4
Industrials 8.4
Consumer Staples 6.2
Energy 3.7
Materials 2.3
Utilities 2.2
Real Estate 2.2

Country Breakdown As of 21 Jun 2024

Country Weight (%)
United States 101.1
Ireland 0.9
Switzerland 0.3
Netherlands 0.2
Bermuda 0.1
Britain 0.1

Research

Documents




Announcements/Notices

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 500 Index above the exercise prices of such options but will continue to bear the risk of declines in the value of the S&P 500 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, UYLD’s ability to sell the securities underlying the options will be limited while the options are in effect unless UYLD 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 500?

    The S&P 500 is a familiar index to many Australians. As the leading US share market gauge, it plays home to some of the world’s largest companies. Despite being one of the best performing share markets in the world the past decade, many Australians have preferred to invest locally in Australian shares, as US shares typically pay smaller dividends. The lower yield owes to the fact that many US companies choose to reward shareholders through buybacks. In this setting, covered call strategies provide something of a solution, and provide a way to invest in the S&P 500 while also generating higher yield.
  • Which options does the fund sell and at what price?

    The fund invests in the S&P 500 Index on a fully replicated basis. It then sells monthly at-the-money exchange traded S&P 500 Index call options worth roughly 100% of the value of the portfolio, with the cash received from option sales reinvested into the S&P 500 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, with expiring options bought back at the volume weighted average price determined at the close.
  • What is the cut-off date to receive a distribution from UYLD?

    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 QYLD 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 QYLD has multiple distributions throughout the year, it has multiple record dates throughout the year too.
  • When do I receive my distributions from UYLD?

    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. 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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