Global X Russell 2000 Covered Call ETF

RYLD seeks to track the performance of the Cboe Russell 2000 BuyWrite Index, which measures the performance of the Russell 2000 Index, plus the income from sold call options on the index. The fund is appropriate for investors seeking income with reduced equity volatility. RYLD is subject to equity market risk. Payouts from call options sold by the fund may limit positive returns when equity markets rise; additionally, when markets fall, income from option sales may not fully offset negative returns. RYLD may be tax-inefficient, as distributions from the fund may be taxed as income, and dividends from underlying stock holdings are not considered qualified because of the offsetting options positions.