Global X S&P 500 Covered Call ETF (UYLD) Review & Analysis

MER · #355 of 514AUM · #417 of 5081Y Return · Top 50%3Y Return · #192 of 300

What's new this monthData to 30 September 2026

+3.5% in September (total return), ahead of the median international shares ETF at +0.0%.
Investors added a net $0.5m (3.2% of the fund).
The unit price closed the month at $10.66, 8% below its 12-month high (range $10.08 to $11.60).

About UYLD

UYLD is an international shares ETF from Global X, listed on the ASX since February 2023. With $17m under management it is number 210 of 254 international shares ETFs by size. The management fee is 0.60% a year, about $60 on every $10,000 invested, dearer than the typical international shares ETF at 0.55%.

Its largest holdings are NVIDIA Corp, Apple Inc and Microsoft Corp, and the top 10 make up 39% of the fund. By sector it leans towards information technology (39%) and financials (12%).

Over the past year it returned +9.4%, against +10.4% for the median international shares ETF. With its focus on dividends & income, it is the kind of fund many investors use as a smaller satellite holding alongside a diversified core.

UYLD distributions and dividend dates

UYLD pays distributions monthly, with payment about 15 days after the ex-date. (Pattern estimated from recent payments.)

The latest distribution was $0.0685 per unit (0% franked), ex-distribution on 3 November 2026 and paid on 18 November 2026. To receive it you need to own UYLD before the ex-date.

Its distribution yield over the past 12 months is about 10.1%. Distributions vary and past payments are not a guide to future ones.

From ASX announcements, updated nightly. See every ETF in the dividend calendar.

Compare UYLD Check overlap Global X website ↗

Compare UYLD with

UYLDvsIVV

iShares S&P 500 ETF

Fee	0.60%	0.04%
1 year	+9.4%	+10.1%
5 yrs p.a.	–	+13.4%
Size	$17m	$14.9bn

Same holdings99%Near identical

Full comparison →

UYLDvsIHVV

iShares S&P 500 (AUD Hedged) ETF

Fee	0.60%	0.10%
1 year	+9.4%	+15.4%
5 yrs p.a.	–	+10.9%
Size	$17m	$4.3bn

Same holdings99%Near identical

Full comparison →

UYLDvsQUS

Betashares S&P 500 Equal Weight ETF

Fee	0.60%	0.29%
1 year	+9.4%	+6.6%
5 yrs p.a.	–	+7.9%
Size	$17m	$1.4bn

Same holdings40%Some overlap

Full comparison →

UYLDvsSPY

State Street SPDR S&P 500 ETF

Fee	0.60%	0.09%
1 year	+9.4%	+7.4%
5 yrs p.a.	–	+12.9%
Size	$17m	$403m

Same holdings99%Near identical

Full comparison →

UYLD price by TradingView

Stock Code	UYLD
Fund Manager	Global X
Asset Class	International shares
AUM	$17m
MER (%)	0.60%
Net flows (Sep)	+$0.5m
Last Price	$10.66
52-Week Range	$10.08 – $11.60
Bid/Ask Spread	0.34%
Listing Date	01/02/2023
Exchange	ASX
Index tracked	S&P 500 Index
Issuer website	Global X ↗

Performance (% return)

1 month+3.5%

1 year+9.4%

3 years p.a.+8.4%

5 years p.a.–

$10,000 invested…

1 year ago$10,9423 years ago$12,727

Value at 30 September 2026 with distributions reinvested, before tax and brokerage.

Total returns including distributions, to 30 September 2026. 1M, 1Y, 3Y and 5Y bars are cumulative.

UYLD at a glance: strengths and things to watch

👍 Strengths

Nothing stands out against its category.

⚠️ Things to watch

Small fund. With $17m under management, it is more at risk of being closed or merged than larger funds, and trading can be thinner.
Behind its peers. +8.4% a year over 3 years, against +15.4% for the median international shares ETF.
Income comes with a trade-off. Selling options boosts income but caps how much it can rise in strong markets.

Worked out from UYLD's fees, size, flows, returns and trend against the 257 international shares ETFs in Australia, to 30 September 2026. General information, not a recommendation.

etfadviserTrend check

Base since 23 Sep 2026

UYLD is in a base. Here's why that matters.

UYLD's moving averages are tangled and the price is moving sideways. The trend hasn't picked a direction yet.

Why it matters: Bases are where the next big move starts. A breakout can begin a new uptrend, while a breakdown can start a long fall. Buying a satellite before the breakout often means waiting months for nothing to happen.

At ETF Adviser the core of a portfolio stays invested through every stage, and satellite ETFs are only bought in an uptrend. Members get a weekly update on which ETFs are breaking out of a base and which trends have broken.

Get the weekly trend updates: try it free for 30 days How base and trend works →See every ETF's stage →Visit etfadviser.com.au →

UptrendBaseDowntrend

UYLD weekly price, past 12 months, shaded by trend stage. Stage as at 7 November 2026, updated weekly. A technical label, not a recommendation.

💡 Cheaper twin

IVV holds 99% of the same companies as UYLD for 0.56% a year less, which is $560 a year on $100,000. There are 5 cheaper twins in total. See all cheaper alternatives to UYLD →

Investment Focus

Exposure Regions

US Global

Themes & Sectors

Dividends & income Active ETFs

Portfolio Breakdown

Top 10 holdings (39.4% of the fund)

Symbol	Company	% assets
NVDA		7.86%
AAPL		7.74%
MSFT		5.98%
GOOGL		4.57%
AMZN		3.64%
AVGO		2.49%
META		2.09%
TSLA		1.73%
LLY		1.67%
MU		1.60%

Sector breakdown

Information Technology39.1%
Financials12.0%
Health Care10.4%
Consumer Discretionary10.0%
Communication Services8.4%
Industrials6.6%
Energy3.8%
Consumer Staples3.7%
Other5.8%

Holdings from the issuer's published portfolio as at 31 October 2026. Breakdowns are based on the largest 400 positions, covering 99% of the fund. Compare UYLD's holdings with other ETFs →

Best-endeavours estimate. Built from each issuer's published holdings, which may be weeks or months old, may cover only part of a fund (some publish only their top 10) and are matched by company name. Figures may be incomplete or inaccurate. Check the issuer's website and PDS before relying on them. General information only.

Similar ETFs

Code	Name	Same holdings	MER	AUM	1Y	3Y p.a.	5Y p.a.
IVV	iShares S&P 500 ETF	99%	0.04%	$14.9bn	+10.1%	+19.2%	+13.4%
IHVV	iShares S&P 500 (AUD Hedged) ETF Currency hedged	99%	0.10%	$4.3bn	+15.4%	+21.0%	+10.9%
SPY	State Street SPDR S&P 500 ETF	99%	0.09%	$403m	+7.4%	+18.3%	+12.9%
V500	Vanguard S&P 500 US Shares Index ETF	96%	0.07%	$183m	–	–	–
V5AH	Vanguard S&P 500 US Shares Index (Hedged) ETF Currency hedged	96%	0.09%	$28m	–	–	–
VGS	Vanguard MSCI Index International Shares ETF	79%	0.18%	$18.7bn	+10.1%	+17.9%	+11.8%

Same holdings is the share of UYLD's money in companies the other ETF also holds, weighted by size. Most similar first, then ETFs in the same category. See every ETF like UYLD →

UYLD vs its closest alternatives

What actually differs between UYLD and the ETFs most like it. Data to 30 Sep 2026.

IVV iShares S&P 500 ETF

They share 99% of their holdings: largely the same companies.
IVV is cheaper (0.04% vs 0.60%), worth about $38,279 on $100,000 over 20 years.
Over 3 years, a year: UYLD +8.4%, IVV +19.2% (IVV ahead by 10.9 percentage points).
IVV is much larger ($14.9bn vs $17m), which usually means tighter trading spreads.
Different structure: UYLD is a covered call fund, IVV is a standard fund.

Compare UYLD and IVV side by side →

IHVV iShares S&P 500 (AUD Hedged) ETF

They share 99% of their holdings: largely the same companies.
IHVV is cheaper (0.10% vs 0.60%), worth about $33,993 on $100,000 over 20 years.
Over 3 years, a year: UYLD +8.4%, IHVV +21.0% (IHVV ahead by 12.6 percentage points).
IHVV is much larger ($4.3bn vs $17m), which usually means tighter trading spreads.
Different structure: UYLD is a covered call fund, IHVV is currency hedged.

Compare UYLD and IHVV side by side →

SPY State Street SPDR S&P 500 ETF

They share 99% of their holdings: largely the same companies.
SPY is cheaper (0.09% vs 0.60%), worth about $34,704 on $100,000 over 20 years.
Over 3 years, a year: UYLD +8.4%, SPY +18.3% (SPY ahead by 9.9 percentage points).
SPY is much larger ($403m vs $17m), which usually means tighter trading spreads.
Different structure: UYLD is a covered call fund, SPY is a standard fund.

Compare UYLD and SPY side by side →

General information only. Past performance is not a reliable indicator of future performance.

UYLD FAQs

What is the fee for UYLD?

UYLD charges a management fee (MER) of 0.60% a year, according to the TMX Australia monthly funds report as at 30 September 2026.

How big is UYLD?

UYLD had $17m in funds under management as at 30 September 2026.

How has UYLD performed?

UYLD returned +9.4% over the year to 30 September 2026 (total return, including distributions). Over three years it returned +8.4% a year. Past performance is not a reliable indicator of future performance.

Who manages UYLD?

UYLD is managed by Global X and has been listed since February 2023.

Is UYLD franked?

Generally no. UYLD invests outside Australia, so its distributions carry little or no franking credits. Franking comes from Australian companies that have paid tax here.

What does UYLD hold?

UYLD's largest holdings are NVIDIA Corp (7.9%), Apple Inc (7.7%), Microsoft Corp (6.0%), Alphabet (Google) (4.6%), Amazon.com Inc (3.6%). It holds about 400 investments in total. The biggest sector is information technology at 39%. Holdings as at 31 October 2026.

Is UYLD currency hedged?

No, UYLD is unhedged. Its returns move with the Australian dollar: a falling dollar adds to returns and a rising dollar reduces them.

Is there a cheaper alternative to UYLD?

Yes. IVV (iShares S&P 500 ETF) holds about 99% of the same companies and charges 0.04% a year, against 0.60% for UYLD. Check the index and size before switching, and remember selling may trigger capital gains tax.

Disclaimer

This review is general information only and does not take into account your objectives, financial situation or needs. Consider the Global X product disclosure statement (PDS) and target market determination (TMD) before investing. Past performance is not a reliable indicator of future performance.