What Is GLCL?
GLOBALX.CA/GLCL Unlock the growth potential of the largest and most liquid North American-listed gold producers with GLCL, which uses a light leverage of 125% to enhance growth potential and yield. High-Income Potential GLCL offers exposure to a dynamic covered call option writing program that can potentially enhance portfolio income and mitigate portfolio volatility. Monthly Distributions GLCL is designed to provide a consistent monthly income along with potential long-term capital growth. GLCL seeks to provide, to the extent possible and net of expenses: (a) exposure to the performance of an index of equity securities of diversified North American listed gold producers (currently, the Mirae Asset North American Listed Gold Producers Index); and (b) high monthly distributions of dividend income and call option premiums. To generate premiums, GLCL is exposed to a dynamic covered call option writing program. GLCL also employs leverage (not to exceed the limits on use of leverage described under "Investment Strategies" in the ETF's prospectus) through cash borrowing and generally endeavours to maintain a leverage ratio of approximately 125%. PREVIOUS 12-MONTH DISTRIBUTIONS
Set it, forget it, let compounding do the heavy lifting. 💪