ETF Research Center

FYLG tracks an index that holds S&P 500 financial stocks and sells one-month, at-the-money call options on up to 50% of each stock.

FUND BASICS
Category	US Equities
Fund Sponsor	Global X
Website	www.globalxetfs.com
Inception date	Nov 21, 2022
Assets (mns)	$3
Currency	USD
Expense ratio	60 bp
Distributions	Monthly

FUND STRUCTURE
Regulation	Open-Ended Fund
Custodian
Weighting	Market Cap
Index replication
Uses derivatives	Yes
Options available	Yes

SECTOR BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents	65
Wgt avg mkt cap (mns)	$135,720
Large cap (>$10bn)	53.8%
Mid cap ($2-10bn)	0.4%
Small cap (<$2bn)	0.0%
Developed mkts	54.2%
Emerging mkts	0.0%

TOP TEN HOLDINGS
Total	78.1 %
HEALTH CARE SELECT SECTOR	54.1 %
ELI LILLY & CO	5.4 %
UNITEDHEALTH GROUP INC	3.7 %
JOHNSON & JOHNSON	3.2 %
MERCK & CO. INC.	2.8 %
ABBVIE INC	2.6 %
THERMO FISHER SCIENTIFIC INC	2.0 %
ABBOTT LABORATORIES	1.7 %
DANAHER CORP	1.4 %
PFIZER INC	1.3 %

TOP COUNTRY EXPOSURE
	UNITED STATES	44.9 %
	IRELAND	1.2 %

HISTORICAL PERFORMANCE info

	Custom date range	Compare to
	thru

Standardized Annual Returns (thru March 31)
Year-to-date	1 year	5 years	10 years	Since Incep.
6.4%	--	--	--	11.4%

Market Correlations
versus...	Beta	R-squared
S&P500	--	--
MSCI EAFE	--	--
MSCI Emg. Mkts.	--	--

Technical Indicators
Recent close	$24.55
30d moving avg.	$24.30
Annualized volatility	0.0%
Short interest (ETF)	2.8%
Relative strength (RSI)	67

Liquidity measures
Avg. volume (thou.)	0
Turnover	0.0%
Bid/Ask (% of price)	0.35%
ADV underlying (mns)	$17,803

Distributions

FINDING ALTERNATIVE FUNDS

Below is a list of 31 potential alternatives to the Global X Health Care Covered Call & Growth ETF ETF based on the alternatives' overlap in portfolio holdings with HYLG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker:

HYLG

Expense:

60 bp

ALTAR Score™:

6.6%

ALTERNATIVE ETFs BASED ON OVERLAP WITH HYLG
Ticker	Fund Name	Overlap¹ vs HYLG (%)	Expense ratio (bp)	Savings vs HYLG (bp)	ALTAR Score™ (%)	ALTAR vs HYLG (%)
SIXH	ETC 6 Meridian Hedged Equity Index Option ETF	13.6	82	-22	5.6	-1.0
XYLE	Global X S&P 500 ESG Covered Call ETF	12.7	60	0	4.9	-1.7
EFIV	SPDR S&P 500 ESG ETF	12.4	10	50	5.3	-1.3
PBP	Invesco S&P 500 BuyWrite ETF	12.4	49	11	4.7	-1.9
XYLD	Global X S&P 500 Covered Call ETF	12.4	60	0	4.6	-2.0
XRMI	Global X S&P 500 Risk Managed Income ETF	12.4	60	0	4.6	-2.0
XYLG	Global X S&P 500 Covered Call & Growth ETF	12.3	60	0	4.7	-2.0
CCOR	Core Alternative ETF	12.2	107	-47	5.0	-1.6
XTR	Global X S&P 500 Tail Risk ETF	12.1	26	34	5.2	-1.4
XCLR	Global X S&P 500 Collar 95-110 ETF	12.1	25	35	5.2	-1.5
SFLR	Innovator Equity Managed Floor ETF	11.1	89	-29	4.3	-2.3
ACIO	Aptus Collared Investment Opportunity ETF	10.0	79	-19	4.3	-2.3
DJIA	Global X Dow 30 Covered Call ETF	9.7	60	0	5.4	-1.3
DYLG	Global X Dow 30 Covered Call & Growth ETF	9.7	60	0	5.4	-1.2
DIVO	Amplify CWP Enhanced Dividend Income ETF	7.7	55	5	5.7	-0.9
FTHI	First Trust BuyWrite Income ETF	6.9	75	-15	5.5	-1.2
KNG	FT Vest S&P 500 Dividend Aristocrats Target Income ETF	6.7	75	-15	5.6	-1.0
STLG	iShares Factors US Growth Style ETF	6.4	25	35	6.2	-0.4
QYLD	Global X NASDAQ 100 Covered Call ETF	6.0	60	0	4.1	-2.5
QRMI	Global X NASDAQ 100 Risk Managed Income ETF	5.9	60	0	4.1	-2.5
NUSI	Nationwide Nasdaq-100 Risk-Managed Income ETF	5.9	68	-8	4.1	-2.5
QYLG	Global X Nasdaq 100 Covered Call & Growth ETF	5.9	60	0	4.2	-2.5
QCLR	Global X NASDAQ 100 Collar 95-110 ETF	5.8	25	35	4.5	-2.1
QTR	Global X NASDAQ 100 Tail Risk ETF	5.8	26	34	4.6	-2.1
QYLE	Global X Nasdaq 100 ESG Covered Call ETF	5.5	60	0	4.3	-2.3
JEPQ	J.P. Morgan Nasdaq Equity Premium Income ETF	5.4	35	25	4.5	-2.2
MMLG	First Trust Multi-Manager Large Growth ETF	5.0	85	-25	2.1	-4.5
FTQI	First Trust Nasdaq BuyWrite Income ETF	2.5	75	-15	3.9	-2.7
LCG	Sterling Capital Focus Equity ETF	0.4	59	1	3.3	-3.3
XVOL	Acruence Active Hedge U.S. Equity ETF	0.3	83	-23	6.1	-0.5
THNQ	ROBO Global Artificial Intelligence ETF	0.2	68	-8	1.8	-4.8

¹Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

	2019	2020	2021	2022	2023	2024E	2025E
Sales per share	**	**	**	**	**	**	**
Earnings per share	**	**	**	**	**	**	**
Dividends per share	**	**	**	**	**	**	**
Book value per share	**	**	**	**	**	**	**

Sales per share growth		**%	**%	**%	**%	**%	**%
EPS growth		**%	**%	**%	**%	**%	**%

Sales per share growth		**%	**%	**%	**%	**%	**%
EPS growth		**%	**%	**%	**%	**%	**%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est.	**%		Debt-to-equity	**x
Asset turnover	**%		Assets-to-equity	**x

Return on equity

Revision activity*

*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS

	2023	2024E	2025E
Price-to-sales	**	**	**
Price-to-earnings	**	**	**
Price-to-cash flow	**	**	**
Price-to-growth	**	**	**
Price-to-book value	**	**	**
Yield	**	**	**

Historical valuation trends

Forward multiple:	Global X Health Care Covered Call & Growth ETF
Relative to:	S&P500	MSCI EAFE	MSCI Emg. Mkts.	Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™

Calculation of ALTAR Score™
Avg. Return on Equity	25.7	%
Divided by: Fwd. P/BV	3.5	x
Less: Expense ratio	60	bp
Equals: ALTAR Score	6.6	%

More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS

COMPOSITE RATING	0.84	CATEGORY AVERAGE	1.55

The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale: BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3. Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.