Global X U.S. 500 ETF · AMEX:GXLC
Global X U.S. 500 ETF — Global X Management Company — Investor Presentation (June 2025)
15 slides from Global X U.S. 500 ETF's investor presentation, June 2025
Slide 1: Global X S&P 500 Covered Call ETF (XYLD)
Global X S&P 500 Covered Call ETF (XYLD) © Global X Management Company LLC | All numbers are approximate For Electronic Use Only
Slide 2: Global X S&P 500 Covered Call ETF (XYLD)
GLOBAL X S&P 500 COVERED CALL ETF (XYLD) Global X S&P 500 Covered Call ETF (XYLD) XYLD follows a “covered call” or “buy-write” strategy, in which the Fund buys the stocks in the S&P 500 Index and “writes” or “sells” corresponding call options on the same index. High Income Potential Monthly Distribu
Slide 3: Covered Call Strategy Summary
GLOBAL X S&P 500 COVERED CALL ETF (XYLD) Covered Call Strategy Summary A covered call is an option strategy in which an investor writes (sells) a call option on an asset he/she already owns Covered call strategy payoff Profit (+) Covered Call Features o Generates option premium and potential income
Slide 4: How This Works: Covered Call Strategy In Practice (XYLD)
GLOBAL X S&P 500 COVERED CALL ETF (XYLD) How This Works: Covered Call Strategy In Practice (XYLD) XYLD is an ETF that implements a covered call strategy on the S&P 500. Owns the S&P 500 Components: As per S&P 500 Index Index Components Weighting: As per S&P 500 Index Style: European Writes monthly C
Slide 5: Covered Call Process Explained
GLOBAL X S&P 500 COVERED CALL ETF (XYLD) Covered Call Process Explained Illustrating how an ETF can implement a covered call strategy, the Global X S&P 500 Covered Call ETF (XYLD) maintains exposure to the stocks in the S&P 500, while writing call options on the index each month. Exposure • XYLD buy
Slide 6: Global X Covered Call ETFs: How it Works (with premiums)
GLOBAL X S&P 500 COVERED CALL ETF (XYLD) Global X Covered Call ETFs: How it Works (with premiums) Assuming a 2% premium is received, we can visualize how Global X’s Covered Call ETFs are expected to perform. Sell an “at-the-money” index call option on 100% of its Not Pictured: Distribute half of the
Slide 7: Covered Call Performance Scenarios
GLOBAL X S&P 500 COVERED CALL ETF (XYLD) Covered Call Performance Scenarios Reference Index is in an Uptrend Reference Index is Flat/Choppy Reference Index is in a Downtrend 60 53 50 59 48 58 46 57 Long Index 44 52 outperforms 42 56 Gap signifies beyond the 55 40 premiums premiums received 38 receiv
Slide 8: Investment Case for XYLD
GLOBAL X S&P 500 COVERED CALL ETF (XYLD) Investment Case for XYLD What can an income-oriented investor potentially do to increase Yields by Asset Class vs. XYLD 12-Month Distributions1 (%) their portfolio’s yield? 16% 14.26% A Take more duration or credit risk in the bond markets, like high yield an
Slide 9: Implied Volatility, A Key Determinant of Option Premiums
GLOBAL X S&P 500 COVERED CALL ETF (XYLD) Implied Volatility, A Key Determinant of Option Premiums XYLD Premium % vs. VIX (1-Month SPX Implied Vol) XYLD Premiums % vs. Distribution % 4.50% 70 4.00% 5.00% 4.00% 3.50% 60 4.00% 3.50% 3.00% 50 3.00% 2.50% 3.00% 2.50% 40 2.00% 2.00% 30 1.50% 2.00% 1.50% 2
Slide 10: Potentially Achieve Equity Sector Diversification within an Income Portfolio
GLOBAL X S&P 500 COVERED CALL ETF (XYLD) Potentially Achieve Equity Sector Diversification within an Income Portfolio A covered call strategy on the S&P 500 can help investors potentially diversify away from sectors like Consumer Staples, Utilities, and Real Estate that may represent typical exposur
Slide 11: XYLD During Drawdowns
GLOBAL X S&P 500 COVERED CALL ETF (XYLD) XYLD During Drawdowns 1 A covered call ETF offers the potential to outperform their equity indices during steep and gentle market declines. This is due to the short call component providing a level of downside risk mitigation. XYLD vs. S&P 500 – Drawdown Hist
Slide 12: Glossary - Option Terminology
GLOBAL X S&P 500 COVERED CALL ETF (XYLD) Glossary - Option Terminology Term Description Term Description The sensitivity of the price of an option to changes in the price of the An option that gives the holder the right to buy an underlying asset from Call Option Delta underlying. Delta is a good ap
Slide 13: Glossary
GLOBAL X S&P 500 COVERED CALL ETF (XYLD) Glossary Term Description Trailing 12-Month The distribution as a percentage an investor would have received if they had held the Fund over the last twelve months, assuming the most recent NAV. Distribution (%) The Trailing 12-Month Distribution (%) is calcul
Slide 14: Glossary (Continued)
GLOBAL X S&P 500 COVERED CALL ETF (XYLD) Glossary (Continued) Term Description The Bloomberg U.S. Aggregate Bond Index is a broad-based benchmark that measures the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market. Bloomberg U.S. Aggregate The index includes Treasuries, gover
Slide 15: Global X S&P 500 Covered Call ETF (XYLD): Important Information & Risks
GLOBAL X S&P 500 COVERED CALL ETF (XYLD) Global X S&P 500 Covered Call ETF (XYLD): Important Information & Risks Investing involves risk, including the possible loss of principal. Concentration in a particular industry or sector will subject XYLD to loss due to adverse occurrences that may affect th
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