Global X S&P 500 Covered Call ETF
HSPX
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- Global X S&P 500 Covered Call ETF (NYSE Arca: HSPX) is an exchange-traded fund that seeks investment results corresponding generally to the performance, before fees and expenses, of the CBOE S&P 500 2% OTM BuyWrite Index. The fund employs a passive management strategy by investing at least 80% of its total assets in securities comprising the underlying index, which consists of equity securities from the S&P 500 Index held in similar weightings to the reference index and short positions in out-of-the-money call options on up to 100% of the S&P 500 Index; these options are written monthly to generate premium income while providing exposure to large-cap U.S. equities across diversified sectors including information technology, financials, industrials, and consumer discretionary. Launched in 2013 as the Horizons S&P 500 Covered Call ETF and reorganized under Global X Management Company LLC—a subsidiary of Mirae Asset Financial Group headquartered at 605 Third Avenue, 43rd Floor, New York, New York—the fund targets income-seeking investors in developed North American markets through its covered call overlay, which aims to enhance yield in neutral-to-bullish environments while mitigating some downside risk via option premiums. In recent developments, Global X has driven significant platform growth, achieving $8.6 billion in net inflows during 2024 and nearly $4.3 billion in 2025 year-to-date alongside product updates across its 90+ ETF lineup spanning thematic growth, income, international access, core equity, and commodities; the firm expanded aggressively with multiple new ETF launches including fixed income essentials in partnership with ICE Data Indices, a gold miners ETF, low-cost Australian equity products, and AI/technology exposures in collaboration with index providers such as MSCI, Nasdaq, and S&P. The issuer maintains global operations with offices in New York, Sydney, Toronto, London, Seoul, Singapore, Madrid, Dublin, Miami, Newark, and Bogota, supporting a broad investor base focused on innovative strategies beyond traditional benchmarks.