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Global X Canadian Oil and Gas Equity Covered Call ETF

ENCC

Annualized Distribution Yield

As at May 17, 2024

13.46%

Reasons to Consider ENCC

Canadian Exposure

Direct equal-weight exposure to some of the largest and most liquid Canadian companies involved in the crude oil and natural gas industry.

High-Income Potential

ENCC aims to generate income through covered call writing, a strategy historically known for producing higher yields during periods of volatility.* *Covered call writing can limit the upside potential of the underlying security.

Monthly Distributions

Designed to provide a consistent monthly income with an opportunity for growth.

Investment Objective

ENCC seeks to provide, to the extent possible and net of expenses: (a) exposure to the performance of an index of Canadian companies that are involved in the crude oil and natural gas industry (currently, the Solactive Equal Weight Canada Oil & Gas Index); and (b) monthly distributions of dividend and call option income. To mitigate downside risk and generate income, ENCC will employ a dynamic covered call option writing program.

NAV

$11.59

$0.0808

0.70%

Volume

68,954

Price

$11.63

$0.03

0.26%

Last Close

$11.60

Annualized Distribution Yield

13.46%

Prices delayed by 15 minutes.

Last Trade: May 21, 2024
Equity
Sector
Canadian
Enhanced Income
Equity Essentials

Risk Rating:

High

Product Details

Fund Details

Ticker

ENCC

CUSIP

37964B101

Inception Date

April 11, 2011

Net Assets

$320,883,404

Consolidated Prior Day Volume

160,127

Average Daily Trading Volume Over a 12 Month Period

243,584

Exchange

Toronto Stock Exchange

Investment Manager

Global X Investments Canada Inc.

Eligibility

All Registered and Non-Registered Investment Accounts

Management Fee

0.65% (Plus applicable sales tax)

Management Expense Ratio

0.80% As at December 31, 2023

Trading Expense Ratio

0.28% As at December 31, 2023

Currency

CAD

Currency Hedging

N/A

LEI

549300YCX8WOJY82TU05

Distribution Metrics

As at April 30, 2024

Most Recent Distributions per Unit

$0.13000

Annualized Distribution Yield

13.46%

12-Month Trailing Yield

13.69%

Distribution Frequency

Monthly

Record Date

April 30, 2024

Price and NAV

As at May 17, 2024

NAV / Unit

$11.59

Closing Price

$11.60

Premium Discount

$0.01

Premium Discount Percentage

0.05%

Outstanding Shares

27,677,257

Portfolio Investment Metrics

As at March 29, 2024

Percent Written by Month End

24.01

Average OTM % When Written

2.00

Percentage of Options OTM by Month End

35.41

Standard Deviation

15.58

The NAV chart above only shows the historical daily net asset value per unit (NAV) of the ETF, and identifies the various distributions made by the ETF, if any. The distributions are not treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses. The chart is not a performance chart and is not indicative of future NAV values which will vary.

The Growth of 10K chart above is based on the historical daily net asset value per unit (NAV) of the ETF, and represents the value of an initial investment into the ETF of $10,000 since its inception, on a total return basis. Distributions, if any, are treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses where paid by the fund. The chart is not a performance chart and is not indicative of future value which will vary.

Annualized Performance (%)

dates

1 mo 3 mo 6 mo YTD 1 yr 3 yr 5 yr 10 yr SIR*
Global X Canadian Oil and Gas Equity Covered Call ETF 1.10 12.45 11.06 13.95 19.75 32.76 14.80 -2.08 -2.30

*Fund performance since inception on April 11, 2011, as at April 30, 2024

Calendar Year Performance (%)

dates

2016 2017 2018 2019 2020 2021 2022 2023
Global X Canadian Oil and Gas Equity Covered Call ETF 28.48 -18.03 -30.92 6.05 -28.54 83.52 40.10 5.75

Distributions

Ex-Dividend Date Record Date Payment Date Payment Amount Distribution Period
April 29, 2024 April 30, 2024 May 7, 2024 0.13000 Monthly
March 27, 2024 March 28, 2024 April 5, 2024 0.13000 Monthly
February 28, 2024 February 29, 2024 March 7, 2024 0.13000 Monthly
January 30, 2024 January 31, 2024 February 7, 2024 0.13000 Monthly

Top Holdings

As at May 20, 2024

Security Name

Weight

Suncor Energy Inc

9.86%

Cenovus Energy Inc

9.70%

Tourmaline Oil Corp

9.28%

Imperial Oil Ltd

9.24%

ARC Resources Ltd

9.23%

Keyera Corp

9.16%

Canadian Natural Resources Ltd

9.11%

MEG Energy Corp

8.87%

Pembina Pipeline Corp

8.83%

Enbridge Inc

8.70%

Holdings are subject to change.

Commissions, management fees, and expenses all may be associated with an investment in products (the "Global X Funds") managed by Global X Investments Canada Inc. The Global X Funds are not guaranteed, their values change frequently and past performance may not be repeated. Certain Global X Funds may have exposure to leveraged investment techniques that magnify gains and losses which may result in greater volatility in value and could be subject to aggressive investment risk and price volatility risk. Such risks are described in the prospectus. The Global X Money Market Funds are not covered by the Canada Deposit Insurance Corporation, the Federal Deposit Insurance Corporation, or any other government deposit insurer. There can be no assurances that the money market fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the Funds will be returned to you. Past performance may not be repeated. The prospectus contains important detailed information about the Global X Funds. Please read the relevant prospectus before investing.

Global X Investments Canada Inc. ("Global X") is a wholly owned subsidiary of Mirae Asset Global Investments Co., Ltd. ("Mirae Asset"), the Korea-based asset management entity of Mirae Asset Financial Group. Global X is a corporation existing under the laws of Canada and is the manager, investment manager and trustee of the Global X Funds.

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