Analysis

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About Global X Funds Global X Dow 30 Covered Call & Growth ETF

DYLG is passively managed to provide both the potential for growth and some yield from the Dow Jones Industrial Average (DJIA). The DJIA is a price-weighted index of 30 of the largest US-listed companies. The fund provides DJIA exposure but earns some income by selling one-month, at-the-money index call options on half of the portfolio. The fund looks to earn some premium income from half of the portfolio while allowing the other half upside potential. Holding the various positions and writing index call options inside an ETF wrapper is a more efficient way to access the strategy. The strategy should reduce volatility and help generate some income, compared to the index itself, but it also places a drag on the overall upside potential.