Global X S&P 500 Covered Call ETF

The Global X S&P 500 Covered Call ETF (UYLD) offers investors a unique way to gain exposure to the US stock market by investing in companies within the S&P 500 Index. This ETF uses a covered call strategy, which involves holding stocks from the S&P 500 and selling call options on them. The aim is to generate additional income from the option premiums, which can enhance returns, especially in flat or mildly bullish markets. While this strategy can provide extra income, it may also limit potential gains if stock prices rise significantly. With a management fee of 0.60%, UYLD is designed for investors looking for income generation alongside equity exposure.