Key stats
About Global X Enhanced Russell 2000 Covered Call ETF Trust Units
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Inception date
Apr 30, 2025
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Primary advisor
Global X Investments Canada, Inc.
ISIN
CA3799541006
The fund is passively managed, blending long-term growth potential with monthly income generation. The index is market-cap weighted and holds the small-capitalization sector of the US equity market where constituents are limited to no more than 20% of the indexs weight individually. Additionally, the sum of the weights of all constituents representing more than 4.5% of the index is restricted to 48% of the total index weight. Index reconstitution occurs annually and is supplemented quarterly with IPOs. To amplify returns, the fund maintains a leverage ratio of approximately 125% through cash borrowing. The fund also employs a covered call option writing strategy, which involves writing call options on its equity holdings. RSCL aims to deliver high monthly distributions from dividend income and premiums. Note that this overlay caps the funds upside participation beyond the strike prices of the written calls.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
RSCL assets under management is 2.32 M CAD. It's risen 6.35% over the last month.
RSCL fund flows account for 43.78 CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, RSCL doesn't pay dividends to its holders.
RSCL shares are issued by Mirae Asset Global Investments Co., Ltd. under the brand Global X. The ETF was launched on Apr 30, 2025, and its management style is Passive.
RSCL follows the Russell 2000 RIC Capped Index - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
RSCL trades at a premium (0.07%) meaning the ETF is trading at a higher price than the calculated NAV.