Global X Enhanced S&P 500 Covered Call ETF (USCL.TO)

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The Global X Enhanced S&P 500 Covered Call ETF (USCL) offers investors exposure to the leading U.S. large-cap equity market. It employs a moderate leverage strategy, targeting approximately 125%, to amplify both growth potential and yield. A key element of its approach is a covered call strategy, designed to boost portfolio income and mitigate volatility. USCL aims to deliver regular monthly income coupled with the prospect of long-term capital appreciation. Its primary goals, net of expenses, are to offer exposure to the performance of the U.S. large-cap stock segment and to provide substantial monthly distributions from dividends and call option premiums. Income generation involves an active covered call option writing program, complemented by leverage acquired through cash borrowing, generally maintaining a leverage ratio of around 125%.