XYLDGlobal X S&P 500 Covered Call ETF

Global X S&P 500 Covered Call ETF is an exchange-traded fund that uses a covered call, or buy-write, strategy tied to the S&P 500. The fund holds a diversified basket of large U.S. companies and sells call options on the index to generate option premium income while maintaining broad equity market exposure. Its portfolio is designed to reflect the price and yield characteristics of the Cboe S&P 500 BuyWrite Index, making it a derivative-income product rather than a traditional index tracker. Global X S&P 500 Covered Call ETF is used by investors seeking a rules-based approach that blends equity participation with an option-writing overlay. It focuses on large-cap U.S. stocks across major sectors, and it distributes income on a monthly basis.