XYLD Stock, Global X S&P 500 Covered Call ETF Information

The investment seeks investment results that, before fees and expenses, generally correspond to the performance of the CBOE S&P 500 2% OTM BuyWrite Index. The fund invests at least 80% of its total assets in the securities of the underlying index. The underlying index is measures the performance of a theoretical portfolio that holds a portfolio of the stocks included in the S&P 500 Index (S&P 500 Index), and writes (or sells) a succession of one-month at-the-money S&P 500 Index covered call options.