EDGX Global X U.S. 500 Income Edge ETF

About this ETF

The Global X U.S. 500 Income Edge ETF is an actively managed exchange-traded fund that provides exposure to the largest 500 U.S.-listed equities, as defined by the Solactive GBS United States 500 Index. It employs a covered call options strategy, selling call options on a portion of its net assets to generate weekly income through collected premiums, alongside dividends from its equity holdings. The fund targets an annualized distribution rate of 9%, aiming for consistent weekly payouts while retaining potential for equity appreciation in rising markets by not covering all assets with options. Launched by Global X ETFs, it features a gross expense ratio of 0.50%, with fees and expenses contractually waived to zero until at least March 1, 2027. Subject to risks including active management, derivatives, equity securities, and ETF-specific factors, this fund serves investors seeking income alongside broad U.S. large-cap market participation, enhancing the role of options-based strategies in income-focused equity portfolios.