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Global X Equal Weight Canadian Bank Covered Call ETF

BKCC

Annualized Distribution Yield

As at June 17, 2024

13.52%

Reasons to Consider BKCC

Growth Potential

Direct equal-weight exposure to the performance of the core dividend-paying Canadian Big Six banks.

High-Income Potential

BKCC seeks to generate additional income through covered call writing, which historically produces higher yields in periods of volatility.1

1Covered call writing can limit the upside potential of the underlying security.

Monthly Distributions

BKCC is designed to provide a consistent monthly income with an opportunity for growth.

Investment Objective

BKCC seeks to provide, to the extent possible and net of expenses: (a) exposure to the performance of an index of equal-weighted equity securities of diversified Canadian banks (currently, the Solactive Equal Weight Canada Banks Index); and (b) monthly distributions of dividend and call option income. To mitigate downside risk and generate income, BKCC will employ a dynamic covered call option writing program.

NAV

$13.37

$0.0570

0.43%

Volume

6,366

Price

$13.37

$0.08

0.60%

Last Close

$13.29

Annualized Distribution Yield

13.52%

Prices delayed by 15 minutes.

Last Trade: June 19, 2024
Equity
Sector
Canadian
Enhanced Income
Equity Essentials

Risk Rating:

Medium

Product Details

Fund Details

Ticker

BKCC

CUSIP

379944101

Inception Date

May 16, 2011

Net Assets

$159,545,559 As at June 17, 2024

Consolidated Prior Day Volume

41,325

Average Daily Trading Volume Over a 12 Month Period

34,703

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

0.82% As at December 31, 2023

Trading Expense Ratio

0.31% As at December 31, 2023

Currency

CAD

Currency Hedging

N/A

LEI

5493002FIDB7T4SRE330

Distribution Metrics

As at May 31, 2024

Most Recent Distributions per Unit

$0.15000

Annualized Distribution Yield

13.52%

12-Month Trailing Yield

12.97%

Distribution Frequency

Monthly

Record Date

May 31, 2024

Price and NAV

As at June 18, 2024

NAV / Unit

$13.37

Closing Price

$13.37

Premium Discount Percentage

0.01%

Outstanding Shares

11,985,448

Portfolio Investment Metrics

As at May 31, 2024

Percent Written by Month End

33.87

Average OTM % When Written

1.01

Percentage of Options OTM by Month End

57.26

Standard Deviation

11.36

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 Equal Weight Canadian Bank Covered Call ETF 2.02 2.87 10.86 3.29 10.99 0.32 4.69 4.64 4.59

*Fund performance since inception on May 16, 2011, as at May 31, 2024

Calendar Year Performance (%)

dates

2016 2017 2018 2019 2020 2021 2022 2023
Global X Equal Weight Canadian Bank Covered Call ETF 18.34 11.61 -14.66 19.14 -2.92 28.30 -14.29 5.27

Distributions

Ex-Dividend Date Record Date Payment Date Payment Amount Distribution Period
May 31, 2024 May 31, 2024 June 7, 2024 0.15000 Monthly
April 29, 2024 April 30, 2024 May 7, 2024 0.15000 Monthly
March 27, 2024 March 28, 2024 April 5, 2024 0.15000 Monthly
February 28, 2024 February 29, 2024 March 7, 2024 0.15000 Monthly
January 30, 2024 January 31, 2024 February 7, 2024 0.15000 Monthly

Top Holdings

As at June 18, 2024

Security Name

Weight

GLOBAL X EQUAL WEIGHT CANADIAN BANKS INDEX ETF

44.27%

Royal Bank of Canada

10.19%

National Bank of Canada

9.47%

Canadian Imperial Bank of Commerce

9.41%

Bank of Nova Scotia

8.99%

Toronto-Dominion Bank

8.77%

Bank of Montreal

8.72%

CASH

0.20%

Market value of options

-0.01%

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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