Global X Financials Covered Call & Growth ETF

Frequently Asked Questions About FYLG

What does FYLG invest in?

The index measures the performance of a partially covered call strategy that holds a theoretical portfolio of the securities of the Financial Select Sector Index. The fund invests in the securities reflected in the index or in investments (including other ETFs) that have economic characteristics that are substantially identical to the economic characteristics of such component securities and cannot invest directly in the index itself. It is non-diversified.

What is the expense ratio of FYLG?

Global X Financials Covered Call & Growth ETF (FYLG) charges an expense ratio of 0.65%. This is the annual fee deducted from fund assets to cover management and operations.

What is FYLG's distribution yield?

FYLG's trailing-twelve-month yield is —, calculated from the sum of distributions over the past year divided by the current price.

How does FYLG's covered-call strategy work?

FYLG sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is FYLG?

Global X Financials Covered Call & Growth ETF (FYLG) manages $4.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FYLG actively managed or an index fund?

FYLG's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.