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Global X Enhanced MSCI Emerging Markets Covered Call ETF Class A (EMCL : NEO)
Alternative Equity Focus
Click for more information on Fundata’s FundGrade
FundGrade B
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Click for more information on Fundata’s ESG Grade
Fundata ESG Grade C
Click for more information on Fundata’s ESG Grade.
|
Close (07-06-2026) |
$26.06 |
|---|---|
| Change |
$0.81
(3.21%)
|
| Open | $26.10 |
|---|---|
| Day Range | $26.10 - $26.18 |
| Volume | 227 |
As at May 31, 2026
As at May 31, 2026
As at May 31, 2026
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Legend
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Fund Returns
Inception Return (May 28, 2024): 27.49%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | 9.99% | 11.16% | 24.64% | 24.34% | 52.80% | 29.74% | - | - | - | - | - | - | - | - |
| Benchmark | 2.52% | 1.83% | 12.07% | 10.61% | 36.06% | 28.34% | 24.64% | 17.23% | 15.30% | 18.20% | 15.06% | 13.48% | 12.83% | 12.77% |
| Category Average | 2.82% | 9.17% | 9.17% | 9.21% | 23.49% | 15.75% | 16.26% | 11.26% | 9.16% | 11.53% | 9.52% | - | - | - |
| Category Rank | 24 / 260 | 59 / 257 | 13 / 244 | 11 / 246 | 21 / 218 | 25 / 167 | - | - | - | - | - | - | - | - |
| Quartile Ranking | 1 | 1 | 1 | 1 | 1 | 1 | - | - | - | - | - | - | - | - |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 5.58% | 2.86% | 1.83% | 7.74% | 4.46% | -1.49% | 0.24% | 5.50% | 6.02% | -7.73% | 9.54% | 9.99% |
| Benchmark | 2.91% | 1.69% | 4.96% | 5.40% | 0.97% | 3.86% | 1.32% | 0.84% | 7.72% | -4.32% | 3.81% | 2.52% |
Best Monthly Return Since Inception
9.99% (May 2026)
Worst Monthly Return Since Inception
-7.73% (March 2026)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | - | 23.00% |
| Benchmark | 21.08% | 9.10% | -8.89% | 22.88% | 5.60% | 25.09% | -5.84% | 11.75% | 21.65% | 31.68% |
| Category Average | - | - | - | - | 5.11% | 17.27% | -5.96% | 6.54% | 16.58% | 15.40% |
| Quartile Ranking | - | - | - | - | - | - | - | - | - | 1 |
| Category Rank | - | - | - | - | - | - | - | - | - | 32/ 194 |
Best Calendar Return (Last 10 years)
23.00% (2025)
Worst Calendar Return (Last 10 years)
23.00% (2025)
Asset Allocation
| Name | Percent |
|---|---|
| International Equity | 100.27 |
| Cash and Equivalents | 0.57 |
| Income Trust Units | 0.38 |
| Canadian Equity | 0.03 |
| US Equity | -1.26 |
| Other | 0.01 |
Sector Allocation
| Name | Percent |
|---|---|
| Technology | 48.32 |
| Financial Services | 17.51 |
| Consumer Goods | 6.36 |
| Industrial Goods | 6.08 |
| Basic Materials | 5.90 |
| Other | 15.83 |
Geographic Allocation
| Name | Percent |
|---|---|
| Asia | 83.85 |
| Africa and Middle East | 7.30 |
| Latin America | 6.63 |
| Europe | 2.74 |
| North America | -0.64 |
| Other | 0.12 |
Top Holdings
| Name | Percent |
|---|---|
| Global X MSCI Emerging Markets Index ETF C$ (EMMX) | 101.44 |
| Cash and Cash Equivalents | 0.21 |
| EEM C69 06/05/26 | -0.23 |
| EEM C67 06/18/26 | -0.38 |
| EEM C67 06/30/26 | -0.39 |
| EEM C65 05/29/26 | -0.65 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
3 Yr Annualized
| Standard Deviation | - | - | - |
|---|---|---|---|
| Beta | - | - | - |
| Alpha | - | - | - |
| Rsquared | - | - | - |
| Sharpe | - | - | - |
| Sortino | - | - | - |
| Treynor | - | - | - |
| Tax Efficiency | - | - | - |
| Volatility | - | - | - |
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 17.37% | - | - | - |
| Beta | 1.00% | - | - | - |
| Alpha | 0.13% | - | - | - |
| Rsquared | 0.36% | - | - | - |
| Sharpe | 2.43% | - | - | - |
| Sortino | 5.08% | - | - | - |
| Treynor | 0.42% | - | - | - |
| Tax Efficiency | 88.80% | - | - | - |
Fundata ESG Metrics
Fundata ESG Score
The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.
Fundata E Score
Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.
Fundata S Score
Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.
Fundata G Score
Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.
Powered by OWL Analytics. For more information, please contact Fundata Canada.
Fund Details
| Start Date | May 28, 2024 |
|---|---|
| Instrument Type | Exchange Traded Fund (Alternative) |
| Share Class | Do-It-Yourself |
| Legal Status | - |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | - |
| 52 Week High | $28.05 |
| 52 Week Low | $17.59 |
| Annual Dividend | $2.46 |
| Annual Yield | - |
| Index | - |
| Shares Outstanding | - |
| Registered Plan Eligible | Yes |
ETF Characteristics
| Exposure | - |
|---|---|
| Asset Class High | - |
| Asset Class Medium | - |
| Asset Class Low | - |
| Leveraged | - |
| Inverse | - |
| Advisor Series | - |
| Covered Call Strategy | No |
Investment Objectives
EMCL seeks to provide, to the extent reasonably possible and net of expenses: (a) exposure to the performance of an index of large and mid-cap securities across emerging markets (currently, the MSCI Emerging Markets Index); and (b) high monthly distributions of dividend income and call option premiums. To generate premiums, EMCL will be exposed to a dynamic covered call option writing program.
Investment Strategy
Each Leveraged Covered Call ETF will seek to achieve its investment objective by employing a leverage ratio of approximately 125% through the use of cash borrowing, or as permitted under applicable securities legislation in order to obtain leveraged exposure to a dynamic covered call option writing program and the performance of its Underlying Index. In order to achieve EACL’s investment objective and obtain direct or indirect exposure to securities of its Underlying Index’s Constituent Issuers
Portfolio Management
| Portfolio Manager |
Global X Investments Canada Inc. |
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
Global X Investments Canada Inc. |
|---|---|
| Custodian |
CIBC Mellon Trust Company |
| Registrar |
TSX Trust Company |
| Distributor |
- |
Fees
| MER | 2.24% |
|---|---|
| Management Fee | 0.85% |
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