Global X S&P 500® Covered Call ETF company info

What does Global X S&P 500® Covered Call ETF do?
Global X S&P 500® Covered Call ETF (NYSE:XYLD) operates as an exchange-traded fund aiming to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the CBOE S&P 500 BuyWrite Index. It is designed for investors looking for income through call options on the S&P 500 Index, essentially engaging in a covered call strategy. This ETF seeks to offer a potential solution for those aiming to generate income from their equity investments, by holding a diversified portfolio of S&P 500 stocks while simultaneously writing (selling) call options on the same index. This approach aims to produce income from option premiums, which may provide cash flow in addition to any dividends from the underlying stocks. The primary objective of Global X S&P 500® Covered Call ETF is to offer investors exposure to the performance of the S&P 500 Index while aiming to generate income and mitigate risk through a covered call strategy.
Global X S&P 500® Covered Call ETF company media
Company Snapshot

Is Global X S&P 500® Covered Call ETF a public or private company?

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Ownership
Public

How many people does Global X S&P 500® Covered Call ETF employ?

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Employees
214

What sector is Global X S&P 500® Covered Call ETF in?

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Sector
ETF

Where is the head office for Global X S&P 500® Covered Call ETF?

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Head Office
New York, United States

What year was Global X S&P 500® Covered Call ETF founded?

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Year Founded
2013
What does Global X S&P 500® Covered Call ETF specialise in?
/Covered Call Strategy /Index Investing /Income Generation /Equity Exposure /Option Writing /Risk Management

What are the products and/or services of Global X S&P 500® Covered Call ETF?

Overview of Global X S&P 500® Covered Call ETF offerings
Exposure to S&P 500 Index: XYLD primarily invests in the stocks that make up the S&P 500 Index, which tracks the performance of large-cap U.S. companies.
Covered Call Strategy: XYLD employs a "covered call" strategy, which involves selling call options on the S&P 500 Index in addition to holding the underlying stocks. This strategy generates income for the fund from the premiums received for selling the call options.
Income Generation: The primary objective of XYLD is to generate income for investors through the premiums received from selling call options. This income is distributed to shareholders monthly.
Potential for Capital Appreciation: While XYLD prioritizes income generation, it also has the potential for capital appreciation through the underlying investment in the S&P 500 Index.
Lower Volatility: The covered call strategy can potentially lead to lower volatility compared to the S&P 500 Index, as the income from the call options can help mitigate some downside risk.
Passive Management: XYLD uses a passive management strategy, meaning it aims to replicate the performance of the underlying index by holding the same securities in approximately the same proportions.