Global X Enhanced S&P/TSX 60 Covered Call ETFGlobal X Enhanced S&P/TSX 60 Covered Call ETFGlobal X Enhanced S&P/TSX 60 Covered Call ETF

Global X Enhanced S&P/TSX 60 Covered Call ETF

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Key stats


Assets under management (AUM)
‪18.93 M‬ CAD
Fund flows (1Y)
‪146.25 K‬ CAD
Dividend yield (indicated)
8.25%
Discount/Premium to NAV
−0.06%
Shares outstanding
‪782.32 K‬
Expense ratio
0.00%

Fund info


Issuer
Mirae Asset Global Investments Co., Ltd.
Brand
Global X
Home page
Inception date
Jul 5, 2023
Structure
Canadian Mutual Fund Trust (ON)
Index tracked
S&P/TSX 60
Replication method
Synthetic
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Primary advisor
Global X Investments Canada, Inc.
ISIN
CA37963A1049
CUSIP
37963A104
FIGI
BBG01HBF94M3
Identifiers
ISIN CA37963A1049
This fund seeks to provide leveraged exposure to a market-cap weighted index of equity and equity-related securities of Canadian companies that are amongst the largest (in market-cap) and most liquid issuers listed on the TSX. Constituents are selected at the discretion of the index committee and weighted by float-adjusted market capitalization. In order to mitigate risks and generate income, the index will generally write covered call options on 50% of the portfolios securities and may vary based on market volatility and other factors. To enhance returns, this fund employs an approximate 1.25x leverage through the use of cash borrowing.

Classification


Asset Class
Equity
Category
Size and style
Focus
Large cap
Niche
Broad-based
Strategy
Buy-write
Geography
Canada
Weighting scheme
Market cap
Selection criteria
Committee
What's in the fund
Exposure type
Bonds, Cash & Other
ETF
Breakdown by region
100%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
Oscillators
Neutral
Summary
Neutral
Summary
Neutral
Summary
Neutral
Moving Averages
Neutral
Moving Averages
Neutral
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently asked questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
CNCL trades at 24.57 CAD today, its price hasn't changed in the past 24 hours. Track more dynamics on CNCL price chart.
CNCL net asset value is 24.56 today — it's risen 2.37% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
CNCL assets under management is ‪18.93 M‬ CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
CNCL price has risen by 1.32% over the last month, and its yearly performance shows a 11.68% increase. See more dynamics on CNCL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.37% over the last month, showed a 2.85% increase in three-month performance and has increased by 21.99% in a year.
CNCL fund flows account for ‪146.25 K‬ 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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
CNCL invests in funds. See more details in our Profile section.
CNCL expense ratio is 0.00%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
Yes, CNCL is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, CNCL technical analysis shows the strong buy rating and its 1-week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating CNCL shows the buy signal. See more of CNCL technicals for a more comprehensive analysis.
Yes, CNCL pays dividends to its holders with the dividend yield of 8.25%.
CNCL trades at a premium (0.06%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
CNCL shares are issued by Mirae Asset Global Investments Co., Ltd.
CNCL follows the S&P/TSX 60. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jul 5, 2023.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.