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About GLOBAL X RUSSELL 2000 COVERED CALL ETF
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Inception date
Nov 7, 2024
Structure
Canadian Mutual Fund Trust (ON)
The fund tracks the Russell 2000 index while holding a succession of one-month at-the-money option of the index. The fund follows a buy-write (or covered call) strategy on the underlying index, where it buys the constituent securities of the index, or purchases other investments with substantially identical economic characteristics. At the same time, the fund writes (or sells) call options that correspond to the index. This strategy has a few effects. One, the obligation of the sold calls limits the upside of the overall fund, and two, the premium income from the written calls protects the fund against stagnant prices or small losses.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history