GLOBAL X S&P 500 COVERED CALL ETF CL E UNITS (CAD)GLOBAL X S&P 500 COVERED CALL ETF CL E UNITS (CAD)GLOBAL X S&P 500 COVERED CALL ETF CL E UNITS (CAD)

GLOBAL X S&P 500 COVERED CALL ETF CL E UNITS (CAD)

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Key stats


Assets under management (AUM)
‪475.31 M‬CAD
Fund flows (1Y)
‪276.28 M‬CAD
Dividend yield (indicated)
10.58%
Discount/Premium to NAV
0.5%
Shares outstanding
‪25.36 M‬
Expense ratio
0.99%

About GLOBAL X S&P 500 COVERED CALL ETF CL E UNITS (CAD)


Issuer
Mirae Asset Global Investments Co., Ltd.
Brand
Global X
Home page
Inception date
Sep 13, 2011
Structure
Canadian Mutual Fund Trust (ON)
Index tracked
No Underlying Index
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Primary advisor
Global X Investments Canada, Inc.
USCC provides exposure to US large-cap companies by holding shares of the Horizon US large cap Index ETF (HULC.U) and writing near-term call options against the S&P 500 Index. The funds objective is to generate monthly USD distributions in the form of dividends and/or call option income. The underlying stocks are the largest (in terms of market-cap) and most liquid companies listed on the NYSE or NASDAQ. In order to mitigate risks and generate income, the fund will generally write covered call options on 100% of the value of the portfolio and may vary based on market volatility and other factors. Prior to June 27, 2022 the fund traded under the name of Horizons Enhanced Income Equity ETF, using the ticker HEA.

Classification


Asset Class
Equity
Category
Size and style
Focus
Large cap
Niche
Broad-based
Strategy
Active
Geography
U.S.
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
ETF
Stock breakdown by region
100%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to USCC via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
USCC trades at 18.47 CAD today, its price has fallen −1.86% in the past 24 hours. Track more dynamics on USCC price chart.
USCC net asset value is 18.48 today — it's risen 10.10% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
USCC assets under management is ‪475.31 M‬ CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
USCC price has risen by 7.88% over the last month, and its yearly performance shows a 0.52% increase. See more dynamics on USCC price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 10.10% over the last month, showed a −5.97% decrease in three-month performance and has increased by 14.27% in a year.
USCC fund flows account for ‪276.28 M‬ CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
USCC invests in funds. See more details in our Analysis section.
USCC expense ratio is 0.99%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, USCC isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, USCC technical analysis shows the neutral rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating USCC shows the buy signal. See more of USCC technicals for a more comprehensive analysis.
Yes, USCC pays dividends to its holders with the dividend yield of 10.58%.
USCC trades at a premium (0.45%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
USCC shares are issued by Mirae Asset Global Investments Co., Ltd.
USCC follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Sep 13, 2011.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.