HSPX


S&P 500 Covered Call ETF

Fund Summary

The Global X S&P 500 Covered Call ETF (HSPX) 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.

Fund Objective

The Global X S&P 500 Covered Call ETF (HSPX) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the CBOE S&P 500 2% OTM BuyWrite Index (BXY Index).

Why HSPX?

Volatility Enhances Income

Historically, as volatility rises, so too does the level of premium that can be generated on call writing.*

Monthly Distributions

HSPX has made distributions every month since inception.

Upside Growth Potential

HSPX writes 2% out-of-the money call options, which allows the Fund to potentially participate in some of the upside growth when the S&P 500 Index rises.

*Covered call writing can limit the upside potential of the underlying security

Fund Details As of 6/21/19

Key Facts

Ticker HSPX
Inception Date 6/21/13
CUSIP 37954Y475
ISIN US37954Y4750
Bloomberg Index Ticker BXY
Primary Exchange NYSE Arca

Stats & Fees

Net Assets $103,286,591
NAV $49.18
Shares Outstanding 2,100,000
Total Expense Ratio 0.65%

Distributions

30-Day SEC Yield 1.15%
12-Month Dividend Yield 6.78%
Distribution Yield 5.85%
Distribution Frequency Monthly

Fund Prices As of 6/21/19

NAV Price
Net Asset Value $49.18 Closing Price $49.20
Daily Change -$0.03 -0.05% Daily Change -$0.01 -0.02%

Performance History

Cumulative %

Data as of month end (5/31/19)

Fund NAV Closing Price Index
1 Month -5.33% -5.49% -5.27%
3 Months -0.45% -0.41% -0.23%
6 Months -3.30% -3.35% -2.23%
Since Inception 53.64% 54.49% 53.97%

Avg Annualized %

Data as of month end (5/31/19)

Fund NAV Closing Price Index
1 Year -0.87% -0.86% 0.47%
3 Years 7.32% 7.28% 7.75%
5 Years 5.45% 5.56% 5.50%
Since Inception 7.49% 7.60% 7.53%

Avg Annualized %

Data as of quarter end (3/31/19)

Fund NAV Closing Price Index
1 Year 5.26% 4.95% 6.69%
3 Years 9.00% 8.98% 9.36%
5 Years 6.49% 6.86% 6.52%
Since Inception 8.22% 8.33% 8.23%

The Fund’s investment objective and investment strategies changed effective December 15, 2017. Hybrid index performance (noted as "Index" above in the chart) reflects the performance of the S&P 500 Stock Covered Call Index through December 14, 2017 and the Cboe S&P 500 2% OTM BuyWrite Index thereafter. The Fund was also re-organized effective December 24, 2018. Fund returns (NAV & Closing Price) presented above reflect the performance of the predecessor Fund through December 21, 2018.

Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized Return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.

Top 10 Holdings

As of 6/21/19
Net Assets % Name Market Price ($) Shares Held Market Value ($)
4.28 MICROSOFT CORP 136.97 32,273 4,420,432.81
3.63 APPLE INC 198.78 18,843 3,745,611.54
3.21 AMAZON.COM INC 1,911.30 1,735 3,316,105.50
1.85 FACEBOOK INC-CLASS A 191.14 10,023 1,915,796.22
1.63 BERKSHIRE HATH-B 206.21 8,170 1,684,735.70
1.54 JOHNSON & JOHNSON 142.09 11,186 1,589,418.74
1.46 JPMORGAN CHASE & CO 109.44 13,753 1,505,128.32
1.40 ALPHABET INC-CL C 1,121.88 1,291 1,448,347.08
1.37 ALPHABET INC-CL A 1,125.37 1,257 1,414,590.09
1.34 EXXON MOBIL CORP 77.69 17,793 1,382,338.17
Holdings are subject to change. Cash, where shown, includes other assets and liabilities, such as payables and receivables.

Investing involves risk, including the possible loss of principal. Concentration in a particular industry or sector will subject HSPX to loss due to adverse occurrences that may affect that industry or sector. Investors in HSPX should be willing to accept a high degree of volatility in the price of the fund’s shares and the possibility of significant losses.

HSPX engages in options trading. An option is a contract sold by one party to another that gives the buyer the right, but not the obligation, to buy (call) or sell (put) a stock at an agreed upon price within a certain period or on a specific date. A covered call option involves holding a long position in a particular asset, in this case U.S. common equities, and writing a call option on that same asset with the goal of realizing additional income from the option premium. HSPX writes covered call index options on the S&P 500 Index. By selling covered call options, the fund limits its opportunity to profit from an increase in the price of the underlying index above the exercise price, but continues to bear the risk of a decline in the index. A liquid market may not exist for options held by the fund. While the fund receives premiums for writing the call options, the price it realizes from the exercise of an option could be substantially below the indices current market price.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Global X NAVs are calculated using prices as of 4:00 PM Eastern Time. The closing price is the Mid-Point between the Bid and Ask price as of the close of exchange. Closing price returns do not represent the returns you would receive if you traded shares at other times. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC. Global X Funds are not sponsored, endorsed, issued, sold or promoted by S&P or CBOE, nor do these entities make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO nor Global X are affiliated with these entities.