Global X Dow 30 Covered Call & Growth ETF (DYLG)

The Global X Dow 30 Covered Call & Growth ETF (DYLG) is an exchange-traded fund from Global X ETFs. It holds the 30 blue-chip stocks of the Dow Jones Industrial Average and applies a partial covered-call strategy.

The fund writes call options on the index covering approximately half of the portfolio's value. The option premiums generate income, while the uncovered portion of the holdings retains more room to participate in gains in the Dow. The design seeks a balance between income generation and growth potential compared with a fully covered-call approach.

The fund follows a passive approach, tracking an index that combines the Dow Jones Industrial Average holdings with the half-covered call overlay. Because the index is price-weighted, companies with higher share prices carry larger positions in the portfolio.