Global X Russell 2000 Covered Call ETF
The fund invests at least 80% of its total assets in component securities of the index or in investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index measures the performance of a theoretical portfolio that holds a portfolio of the stocks included in the Russell 2000 Index, and "writes" a succession of one-month at-the-money covered call options on the Russell 2000 Index.
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 3Y SHOWN · NET −$41M OVER THIS RANGE
Flows are quiet — the past month netted out near zero, while the price has returned +6.4% so far this year. At 0.60% a year it is not the cheapest way in — ITDG runs the same ground at 0.11%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
| # | Holding | Weight | Price | Day | 52-wk | |
|---|---|---|---|---|---|---|
| 1 | RSSLGLOBAL X RUSSELL 2000 ETF | 102.64% | $117.53 | +0.9% | ||
| 2 | —CASH | 0.13% | — | — | — |
| 1 week | +0.1% |
| 1 month | +3.2% |
| 3 months | +5.3% |
| 6 months | +3.5% |
| YTD | +6.4% |
| 1 year | +9.0% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
| 1 week | — |
| 1 month | — |
| 3 months | — |
| YTD | — |
| 1 year | — |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
The top holding is 102.6% of the book; the top ten carry 103%. Spread across 2+ names, it behaves like roughly 1 equally-weighted positions.
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Due diligence cuts both ways. These funds sit on the same shelf and beat RYLD on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| IJH iShares Core S&P Mid-Cap ETF | 0.05% | $128.4B | +$547M | -55bp on fee · 91× the assets · +$547M in over the month | Head-to-head |
| IDEV iShares Core MSCI International Developed Markets ETF | 0.04% | $32.7B | +$104M | -56bp on fee · 23× the assets · +$104M in over the month | Head-to-head |
| IEFA iShares Core MSCI EAFE ETF | 0.07% | $193.2B | +$631M | -53bp on fee · 137× the assets · +$631M in over the month | Head-to-head |
| IMCB iShares Morningstar Mid-Cap ETF | 0.04% | $1.7B | +$15M | -56bp on fee · +$15M in over the month | Head-to-head |
| VO Vanguard Mid Cap Index Fund | 0.04% | $68.1B | — | -56bp on fee · 48× the assets | Head-to-head |