What Is USCC.U?
GLOBALX.CA/USCC-U Direct exposure to the performance of some of the largest and most liquid large-cap companies listed in the U.S. High-Income Potential Looks to generate income through covered call writing, which historically produces high yields in periods of volatility.* *Covered call writing can limit the upside potential of the underlying security. Monthly Distributions Designed to provide a consistent monthly income with an opportunity for growth. USCC.U seeks to provide: (a) exposure to the performance of the large-cap market segment of the U.S. equity market and (b) monthly U.S. dollar distributions of dividend and call option income. To mitigate downside risk and generate income, USCC.U will employ a dynamic covered call option writing program. USCC.U will not seek to hedge its exposure to the U.S. dollar back to the Canadian dollar.
Set it, forget it, let compounding do the heavy lifting. 💪