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Global X S&P 500 Covered Call ETF

USCC.U

Annualized Distribution Yield

As at June 17, 2024

10.59%

Reasons to Consider USCC.U

Growth Potential

Direct exposure to the performance of some of the largest and most liquid large-cap companies listed in the U.S.

High-Income Potential

Looks to generate income through covered call writing, which historically produces high yields in 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

USCC.U seeks to provide: (a) exposure to the performance of the large-cap market segment of the U.S. equity market and (b) monthly U.S. dollar distributions of dividend and call option income. To mitigate downside risk and generate income, USCC.U will employ a dynamic covered call option writing program. USCC.U will not seek to hedge its exposure to the U.S. dollar back to the Canadian dollar.

NAV

$13.60

$0.0591

0.44%

Volume

3,500

Price

$13.61

$0.07

0.52%

Last Close

$13.54

Annualized Distribution Yield

10.59%

Prices delayed by 15 minutes.

Last Trade: June 19, 2024
Broad Market
Equity
U.S.
Enhanced Income
Equity Essentials

Risk Rating:

Medium

Product Details

Fund Details

Ticker

USCC.U

CUSIP

37964A103

Inception Date

September 13, 2011

Net Assets

$156,594,420 As at June 17, 2024

Consolidated Prior Day Volume

110

Average Daily Trading Volume Over a 12 Month Period

9,089

Exchange

Toronto Stock Exchange

Investment Manager

Global X Investments Canada Inc.

Eligibility

All Registered and Non-Registered Investment Accounts

Management Fee

0.39% Effective July 6, 2023, the Management Fees were reduced from 0.65% to 0.39% (Plus applicable sales tax)

Management Expense Ratio

0.60% As at December 31, 2023

Trading Expense Ratio

0.02% As at December 31, 2023

Currency

USD

Currency Hedging

No

LEI

549300GWB73M3TT1WP12

Distribution Metrics

As at May 31, 2024

Most Recent Distributions per Unit

$0.12000

Annualized Distribution Yield

10.59%

12-Month Trailing Yield

10.87%

Distribution Frequency

Monthly

Record Date

May 31, 2024

Price and NAV

As at June 17, 2024

NAV / Unit

$13.60

Closing Price

$13.54

Premium Discount

$-0.06

Premium Discount Percentage

-0.47%

Outstanding Shares

11,511,636

Portfolio Investment Metrics

As at May 31, 2024

Percent Written by Month End

43.64

Average OTM % When Written

0.03

Percentage of Options OTM by Month End

100.00

Standard Deviation

9.04

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 S&P 500 Covered Call ETF 3.03 2.23 11.76 8.22 18.26 4.98 12.14 8.76 10.10

*Fund performance since inception on September 13, 2011, as at May 31, 2024

Calendar Year Performance (%)

dates

2016 2017 2018 2019 2020 2021 2022 2023
Global X S&P 500 Covered Call ETF 10.29 16.43 -5.86 21.81 13.64 24.60 -15.43 19.54

Distributions

Ex-Dividend Date Record Date Payment Date Payment Amount Distribution Period
May 31, 2024 May 31, 2024 June 7, 2024 0.12000 Monthly
April 29, 2024 April 30, 2024 May 7, 2024 0.12000 Monthly
March 27, 2024 March 28, 2024 April 5, 2024 0.12000 Monthly
February 28, 2024 February 29, 2024 March 7, 2024 0.12000 Monthly
January 30, 2024 January 31, 2024 February 7, 2024 0.12000 Monthly

Top Sector Allocations

As at May 31, 2024

Category

Weight

Exchange Traded Fund

99.68%

Cash and Cash Equivalent

0.74%

Other

-0.42%

Holdings are subject to change.

Top Holdings

As at April 30, 2024

Security Name

Weight

Horizons US Large Cap Index ETF (HULC)

99.84%

CASH

0.91%

CANADIAN DOLLAR

0.01%

Market value of options

-0.76%

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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