Global X Funds - Global X S&P 500 ESG Covered Call ETF
XYLE
New York Stock Exchange Arca- -
USD
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Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- United States of America
- IPO Date
- Feb 23, 2023
- Similar Companies
- Business
- Global X S&P 500 ESG Covered Call ETF (XYLE) is an exchange-traded fund that seeks to provide investment results corresponding generally to the price and yield performance, before fees and expenses, of the Cboe S&P 500 ESG BuyWrite Index. Launched on February 21, 2023, and listed on NYSE Arca, the ETF employs a covered call strategy by purchasing the underlying holdings of the S&P 500 ESG Index (the Reference Index), which applies specific environmental, social, and governance (ESG) criteria including negative screens for controversial business activities, non-compliance with United Nations Global Compact principles, and low S&P DJI ESG scores, while selling a succession of one-month at-the-money call options on the Reference Index to generate premium income; it invests at least 80% of its net assets in securities reflecting the Underlying Index, resulting in significant exposure to sectors such as information technology (35.12%), financials (14.76%), and health care (10.34%) as of December 31, 2024, with top holdings including Apple Inc. (10.94%), Nvidia Corp. (9.52%), and Microsoft Corp. (9.06%). The fund maintains a total annual operating expense ratio of 0.60% and has delivered a 12-month trailing distribution yield of 16.70% with monthly distributions, targeting investors seeking high income potential alongside ESG-focused large-cap U.S. equity exposure. Global X S&P 500 ESG Covered Call ETF operates as part of the broader Global X ETFs product suite managed by Global X Management Company LLC, a New York-based provider of exchange-traded funds founded in 2008 and headquartered at 605 Third Avenue, 43rd Floor, New York, NY 10158; Global X ETFs, acquired by Mirae Asset Global Investments in 2018, offers over 90 strategies spanning thematic growth, equity income, commodities, and international access, with a global footprint including offices in the United States, Canada, Europe (e.g., London, Madrid, Dublin), Asia (e.g., Sydney, Seoul, Singapore), and Latin America. The ETF serves institutional and retail investors focused on income generation and ESG integration within the large-cap U.S. equity segment, concentrating investments to mirror the Underlying Index's non-diversified profile. In recent developments, Global X announced the liquidation and delisting of XYLE, with trading ceasing at the end of the day on February 14, 2025, as part of broader product updates to streamline its lineup amid low assets under management (approximately $2.02 million as of December 31, 2024); this follows other closures such as the Global X Solar ETF in August 2025 and aligns with ongoing portfolio optimizations, including share consolidations for certain BetaPro ETFs in November 2025 and new launches like the Global X AI Semiconductor & Quantum ETF (CHPX) in October 2025 and the Global X EURO STOXX 50 Covered Call UCITS ETF in May 2025. These changes reflect Global X's strategic focus on high-conviction offerings, as evidenced by surpassing $5 billion in European AUM in November 2025 and expansions in AI and covered call strategies.