Try Fund Library Premium

For Free with a 30 day trial!

Gain access to

  • Unlimited Watchlists
  • Advanced Search Filtering
  • Fund Comparisons
  • Portfolio Scenarios
  • Customizable PDF Reports

Global X Enhanced S&P 500 Covered Call ETF Class A (USCL : TSX)

Alternative Equity Focus

Close
(07-25-2025)
$22.44
Change
$0.21 (0.94%)
Open $22.38
Day Range $22.37 - $22.48
Volume 35,189

As at June 30, 2025

As at June 30, 2025

Period
Created with Highcharts 10.3.3Closing PriceVolumeSep 2023Nov 2023Jan 2024Mar 2024May 2024Jul 2024Sep 2024Nov 2024Jan 2025Mar 2025May 2025Jul 2025Aug 2024Sep 2024Oct 2024Nov 2024Dec 2024Jan 2025Feb 2025Mar 2025Mar 2025Apr 2025May 2025Jun 2025Jul 20252023-10-012024-01-012024-04-012024-07-012024-10-012025-01-012025-04-012025-07-012025-…$18.00$20.00$22.00$24.00$26.0002,500,0005,000,0001,000,000Period
Created with Highcharts 10.3.3Sep 2023Nov 2023Jan 2024Mar 2024May 2024Jul 2024Sep 2024Nov 2024Jan 2025Mar 2025May 2025Jul 2025Aug 2024Sep 2024Oct 2024Nov 2024Dec 2024Jan 2025Feb 2025Mar 2025Mar 2025Apr 2025May 2025Jun 2025Jul 20252023-10-012024-01-012024-04-012024-07-012024-10-012025-01-012025-04-012025-07-012025…-10%0%10%20%30%-20%Period

Legend

Global X Enhanced S&P 500 Covered Call ETF Class A

Compare Options


Fund Returns

Inception Return (July 06, 2023): 18.71%

Fund Returns
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 3.93% 1.75% -2.74% -2.74% 14.11% - - - - - - - - -
Benchmark 2.91% 8.53% 10.17% 10.17% 26.37% 19.03% 16.09% 10.74% 15.02% 11.96% 10.77% 10.72% 10.76% 9.61%
Category Average 3.59% 5.71% 5.71% 5.71% 11.99% 13.58% 10.27% 6.62% 9.88% 7.64% - - - -
Category Rank 90 / 247 163 / 234 200 / 225 200 / 225 80 / 199 - - - - - - - - -
Quartile Ranking 2 3 4 4 2 - - - - - - - - -

Monthly Return

Created with Highcharts 10.3.3Jul 24Aug 24Sep 24Oct 24Nov 24Dec 24Jan 25Feb 25Mar 25Apr 25May 25Jun 25-10%-5%0%5%10%
Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 2.41% -0.32% 3.10% 2.72% 7.08% 1.35% 4.61% -2.22% -6.55% -6.84% 5.09% 3.93%
Benchmark 5.87% 1.22% 3.15% 0.85% 6.37% -3.27% 3.48% -0.40% -1.51% -0.10% 5.56% 2.91%

Best Monthly Return Since Inception

7.08% (November 2024)

Worst Monthly Return Since Inception

-6.84% (April 2025)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%30%40%50%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund - - - - - - - - - 38.44%
Benchmark -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75% 21.65%
Category Average - - - - - 5.11% 17.27% -5.96% 6.54% 16.58%
Quartile Ranking - - - - - - - - - 1
Category Rank - - - - - - - - - 6/ 168

Best Calendar Return (Last 10 years)

38.44% (2024)

Worst Calendar Return (Last 10 years)

38.44% (2024)

Asset Allocation

Asset Allocation
Name Percent
US Equity 125.14
Cash and Equivalents -25.14

Sector Allocation

Sector Allocation
Name Percent
Exchange Traded Fund 126.88
Cash and Cash Equivalent -25.14

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Global X S&P 500 Index CC ETF (USCC) 125.33
Cash and Cash Equivalents -25.33

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available

Risk vs Return (3 Yr)

3 Yr Annualized

Standard Deviation - - -
Beta - - -
Alpha - - -
Rsquared - - -
Sharpe - - -
Sortino - - -
Treynor - - -
Tax Efficiency - - -
Volatility - - -

Risk Rating

Rating  out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 15.31% - - -
Beta 1.01% - - -
Alpha -0.10% - - -
Rsquared 0.50% - - -
Sharpe 0.72% - - -
Sortino 1.12% - - -
Treynor 0.11% - - -
Tax Efficiency - - - -

Fund Details

Start Date July 06, 2023
Instrument Type Exchange Traded Fund (Alternative)
Share Class Do-It-Yourself
Legal Status -
Sales Status -
Currency CAD
Distribution Frequency Monthly
Assets ($mil) -
52 Week High $25.08
52 Week Low $18.23
Annual Dividend $2.89
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

The ETF seeks to provide, to the extent reasonably possible and net of expenses: (a) exposure to the performance of the large- cap market segment of the U.S. equity market; and (b) high monthly distributions of dividend and call option income. To generate income, the ETF will be exposed to a dynamic covered call option writing program. The ETF will also employ leverage through cash borrowing and will generally endeavour to maintain a leverage ratio of approximately 125%.

Investment Strategy

USCL 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 the large cap segment of the U.S. equity market.

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 2.59%
Management Fee 0.65%

Try Fund Library Premium

For Free with a 30 day trial!

Gain access to

  • Unlimited Watchlists
  • Advanced Search Filtering
  • Fund Comparisons
  • Portfolio Scenarios
  • Customizable PDF Reports