Key Highlights

  • Global X S&P 500 Covered Call Complex ETF (ASX:UYLD) aims to provide a return that, before fees and expenses, tracks the Cboe S&P 500 BuyWrite Index.
  • The fund holds 506 companies, led by NVIDIA (8.47%), Apple (7.46%) and Microsoft (5.83%), with the top ten at 39.51%.
  • Fund size is $16.96 million and the management fee is 0.60%.

Global X S&P 500 Covered Call Complex ETF (ASX:UYLD) is a complex exchange traded fund that aims to provide investors with a return that, before fees and expenses, tracks the performance of the Cboe S&P 500 BuyWrite Index. Admitted to the ASX on 1 February 2023, the fund has a fund size of $16.96 million and a management fee of 0.60%. This article covers its structure, portfolio and distributions.

Exposure and Investment Approach

A buy-write index combines ownership of the S&P 500 stocks with the sale of call options on the index. The fund is categorised as Equity World Other and is benchmarked to the CBOE S&P 500 BuyWrite TR USD index.

Portfolio Composition

The fund holds 506 holdings. Its largest positions are NVIDIA Corporation (8.47%), Apple Inc. (7.46%), Microsoft Corporation (5.83%), Amazon.com Inc (3.75%), Alphabet Inc. (3.09%), and the top ten holdings together account for 39.51% of the portfolio.

The remaining top ten positions are Broadcom Inc (2.56%), Alphabet Inc. (2.47%), Meta Platforms Inc (2.45%), Micron Technology, Inc. (1.84%), Tesla Inc (1.53%).

By sector, the portfolio is allocated as follows: Technology 40.49%, Financial Services 11.21%, Communication Services 9.93%, Healthcare 9.27%, Consumer Cyclical 8.76%, Industrials 7.55%, Consumer Defensive 4.29%, Energy 3.41%, Utilities 1.85%, Real Estate 1.68%.

By size, 98.74% of the portfolio is in companies above $1 billion and 1.25% between $500 million and $1 billion. Geographic exposure is United States (99.53%).

Key Features to Understand

The stock portfolio resembles the S&P 500: technology is 40.49%, financial services 11.21%, communication services 9.93% and healthcare 9.27%, and 98.74% of the portfolio is in companies above $1 billion in market capitalisation. The United States represents 99.53% of the geographic exposure.

Distribution Details

The fund's most recent recorded distribution was an interim distribution of $0.062 per unit, with an ex-date of 2 October 2026, a record date of 5 October 2026 and payment on 19 October 2026.

Fund Details at a Glance

  • Fund name: Global X S&P 500 Covered Call Complex ETF (ASX:UYLD)
  • Issuer: Global X
  • Category: Equity World Other
  • Benchmark: CBOE S&P 500 BuyWrite TR USD
  • Admitted to the ASX: 1 February 2023
  • Fund size: $16.96 million
  • Management fee: 0.60%
  • ISIN: AU0000251860

Recent Announcements

Recent announcements include a final distribution announcement for September 2026 on 1 October, a distribution reinvestment plan announcement on 6 October, the appointment of Citigroup Pty Limited as fund service provider on 15 October 2026 and an annual financial report on 28 September 2026.

Closing Perspective

Global X S&P 500 Covered Call Complex ETF follows an index that pairs S&P 500 stocks with call option sales, holding 506 companies at a 0.60% management fee. Its most recent distribution was an interim distribution of $0.062 per unit, paid on 19 October 2026.