Key stats
About GLOBAL X ENHANCED S&P 500 COVERED C CL A UNIT
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Inception date
Jul 5, 2023
Structure
Canadian Mutual Fund Corporation (ON)
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Primary advisor
Global X Investments Canada, Inc.
This fund seeks to provide leveraged exposure to a market-cap weighted index of equity and equity-related securities of US companies that are amongst the largest (in market-cap) and most liquid issuers listed on the NYSE or NASDAQ, as selected by the fund adviser. In order to mitigate risks and generate income, the index will generally write covered call options on 50% of the portfolios securities and may vary based on market volatility and other factors. To enhance returns, this fund employs an approximate 1.25x leverage through the use of cash borrowing. The fund does not seek to hedge its exposure back to CAD.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF125.83%
Cash0.00%
Miscellaneous−25.83%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
USCL last dividends amounted to 0.24 CAD. The month before, the issuer paid 0.26 CAD in dividends, which shows a 8.51% decrease.
USCL assets under management is 237.61 M CAD. It's risen 19.24% over the last month.
USCL fund flows account for 167.91 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.
Yes, USCL pays dividends to its holders with the dividend yield of 13.28%. The last dividend (May 7, 2025) amounted to 0.23 CAD. The dividends are paid monthly.
USCL shares are issued by Mirae Asset Global Investments Co., Ltd. under the brand Global X. The ETF was launched on Jul 5, 2023, and its management style is Passive.
USCL expense ratio is 2.79% meaning you'd have to pay 2.79% of your investment to help manage the fund.
USCL follows the Solactive US Large Cap Index - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
USCL invests in funds.
USCL price has risen by 10.82% over the last month, and its yearly performance shows a −0.42% decrease. See more dynamics on USCL price chart.
NAV returns, another gauge of an ETF dynamics, showed a −7.37% decrease in three-month performance and has increased by 16.55% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −7.37% decrease in three-month performance and has increased by 16.55% in a year.
USCL trades at a premium (0.51%) meaning the ETF is trading at a higher price than the calculated NAV.