Key highlights

  • ASX:AYLD tracks the S&P/ASX BuyWrite Index, combining ASX 200 shares with a call option strategy.
  • The portfolio has 202 holdings, with Australia making up 96.11% and the top ten holdings 50.62%.
  • The fund has about $123.63 million in assets and a 0.60% management fee.

The Global X S&P/ASX 200 Covered Call Complex ETF (ASX:AYLD) gives investors exposure to Australian large-cap shares alongside a covered call options strategy. The fund aims to provide a return that, before fees and expenses, tracks the S&P/ASX BuyWrite Index.

About the Fund

AYLD was admitted to the ASX on 1 February 2023 and is classified in the Australia Equity Income category. In a covered call strategy, call options are sold over an underlying share portfolio, which can generate option premium income but can also limit participation if the market rises sharply. The fund has about $123.63 million in assets, and the management fee is 0.60%.

An announcement on 15 October 2026 noted the appointment of Citigroup Pty Limited as fund service provider.

Country exposure

The largest country allocation is Australia at 96.11%, followed by the United States at 2.44%. The remaining exposure is spread across New Zealand (0.58%), the United Kingdom (0.52%), Canada (0.18%) and China (0.18%).

Stocks make up 99.55% of the portfolio with cash at 0.45%.

Portfolio holdings

The portfolio holds 202 companies, with top ten holdings making up 50.62% of the fund. The largest positions are BHP Group Ltd (11.9%), Commonwealth Bank of Australia (9.73%), National Australia Bank Ltd (4.7%), Westpac Banking Corporation (4.61%) and ANZ Group Holdings Ltd (4.44%).

The top ten also include CSL, Wesfarmers, Macquarie Group and Rio Tinto, together with an S&P/ASX 200 call option with an 8,700 strike price expiring on 17 December 2026, which represents 2.84% of the fund.

Understanding the exposure

The five largest positions add up to 35.38% of the fund, which shows how much of the exposure rests on a small number of names. The remaining 192 holdings share the other 49.38% of the portfolio, an average of about 0.26% each. Exposure is spread across 6 countries or regions, and the three largest allocations (Australia, the United States and New Zealand) together account for 99.13% of the portfolio.

Fees, size and distributions

AYLD pays distributions quarterly. The most recent distribution was an interim distribution of $0.105 per unit, with an ex-date of 2 October 2026 and payment on 19 October 2026, and the reported annual yield is 7.44%.

Fund structure and reporting

AYLD has an ISIN of AU0000251878 and a head office at Level 16, 20 Martin Place, Sydney. Recent ASX announcements from the fund include the appointment of Citigroup Pty Limited as fund service provider, a units-on-issue notice, and distribution and distribution reinvestment plan announcements for September 2026.

Australia Equity Income funds invest principally in Australian equities that seek to generate above-market levels of income, either through higher-yielding stocks or through derivatives that complement dividend income, and they typically have a large-cap bias.

Units in AYLD are quoted on the ASX and can be bought and sold through a broker during trading hours, in the same way as shares, so the exposure described above is available without buying each holding separately. It is identified as a complex ETF on the ASX. The fund follows a rules-based index, so its holdings and weightings are set by the index methodology and adjusted when the index is rebalanced.