Global X HSI Components Covered Call Active ETF - Global X ETFs Hong Kong
1751412681

Global X HSI Components Covered Call Active ETF

3419 HKD

Invest in 3419

Important Information

Investors should not base investment decisions on this website alone. Please refer to the Prospectus for details including product features and the risk factors. Investment involves risks. Past performance is not indicative of future performance. There is no guarantee of the repayment of the principal. Investors should note:

  • Global X HSI Components Covered Call Active ETF (the “Fund”) aims to generate income by primarily investing in constituent equity securities in the Hang Seng Index (the “Reference Index” or the “HSI”)  and selling (i.e. “writing”) call options on the Reference Index to receive payments of money from the purchaser of call options (i.e. “premium”).
  • The objective of adopting a covered call strategy is to generate income and reduce potential loss against the downward market. Each time the Fund writes a HSI Call Option, the Fund receives a premium. If the value of the securities relating to the Reference Index held by the Fund declines, the premium that the Fund received for writing the HSI Call Option may reduce such loss to some extent. However, the downside of adopting a covered call strategy is that the Fund’s opportunity to profit from an increase in the level of the Reference Index is limited to the strike price of the HSI Call Options written, plus the premium received.
  • The Fund is an ETF which adopts a covered call strategy by (i) investing in constituent equity securities in the Reference Index and the HSI ETF and long positions of HSI Futures, and (ii) writing call options on the Reference Index. The Fund is one of the first covered call ETFs in Hong Kong. Such novelty makes the Fund riskier than traditional ETFs investing in equity securities.
  • The Fund employs an actively managed investment strategy. In addition to seeking to obtain exposure to the constituent equity securities in the Reference Index in substantially the same weightings as these securities have in the Reference Index through investing directly in constituent equity securities of the Reference Index and HSI ETF and long positions of HSI Futures, the Fund also writes call options on the Reference Index. The Fund may fail to meet its objective as a result of the implementation of investment process which may cause the Fund to underperform as compared to direct investments in the constituent equity securities of the Reference Index.
  • The market value of a HSI Call Option may be affected by an array of factors including but not limited to supply and demand, interest rates, the current market price of the Reference Index in relation to the strike price of the HSI Call Options, the actual or perceived volatility of the Reference Index and the time remaining until the expiration date. The Fund’s ability to utilise HSI Call Options successfully will depend on the ability of the Manager to correctly predict future price fluctuations, which cannot be assured and are subject to market behaviour or unexpected events.
  • If a HSI Call Option expires and if there is a decline in the market value of the Reference Index during the option period, the premiums received by the Fund from writing the HSI Call Options may not be sufficient to offset the loss realised.
  • The Fund may write HSI Call Options over an exchange or in the OTC market. The HSI Call Options in the OTC markets may not be as liquid as exchange-listed options. There may be a limited number of counterparties which are willing to enter into HSI Call Options as purchasers or the Fund may find the terms of such counterparties to be less favorable than the terms available for listed options. Moreover, the SEHK may suspend the trading of options in volatile markets. If trading is suspended, the Fund may not be able to write HSI Call Options at times that may be desirable or advantageous to do so.
  • The use of futures contracts involves risks that are potentially greater than the risks of investing directly in securities and other more traditional assets. The risks include but not limited to market risk, volatility risk, leverage risk and negative roll yields and “contango” risk.
  • Investing in HSI Futures and writing HSI Call Options generally involve the posting of margin. Additional funds may need to be posted as margin to meet margin calls based upon daily marking to market of the HSI Futures and the HSI Call Options. Increases in the amount of margin or similar payments may result in the need for the Fund to liquidate its investments at unfavourable prices in order to meet margin calls. If the Fund is unable to meet its investment objective as a result of margin requirements imposed by the HKFE, the Fund may experience significant losses.
  • HSI Futures and HSI Call Options are registered, cleared and guaranteed by the HKFE Clearing Corporation. In the event of the bankruptcy of the clearing house, the Fund could be exposed to a risk of loss with respect to its assets that are posted as margin.
  • To the extent that the constituent securities of the Reference Index are concentrated in Hong Kong listed securities of a particular sector or market, the investments of the Fund may be similarly concentrated. The value of the Fund may be more volatile than that of a fund having a more diverse portfolio of investments. The value of the Fund may be more susceptible to adverse conditions in such particular market/sector.
  • The borrower may fail to return the securities in a timely manner or at all. The Fund may as a result suffer from a loss or delay when recovering the securities lent out. This may restrict the Fund’s ability in meeting delivery or payment obligations from redemption requests. As part of the securities lending transactions, there is a risk of shortfall of collateral value due to inaccurate pricing of the securities lent or change of value of securities lent. This may cause significant losses to the Fund.
  • The base currency of the Fund is HKD but the class currencies of the Shares are in HKD, RMB and USD. The Net Asset Value of the Fund and its performance may be affected unfavourably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls.
  • Payments of distributions out of capital or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any such distributions may result in an immediate reduction in the Net Asset Value per Share of the Fund and will reduce the capital available for future investment.
  • The trading price of the Fund unit (the “Unit”) on the SEHK is driven by market factors such as demand and supply of the Unit. Therefore, the Units may trade at a substantial premium or discount to the Fund’s net asset value.

Why Global X HSI Components Covered Call Active ETF? Product Flyer 

  • [Innovative Income Strategy] Deliver appealing income with a monthly distribution plan (Monthly distribution is not guaranteed and may be from capital just in case)
  • [Downside Protection] Provide downside protection with option premium

Fund InformationAs of 27 Jun 2025

Fund Inception Date 28 Feb 2024
SEHK Listing Date 29 Feb 2024
Fiscal Year Ending 31 Mar
Ongoing Charges Over A Year ^ 0.75% (Listed Class)
1.60% (Unlisted Class R2)
Distribution Frequency Monthly at the Manager’s discretion
(Dividend rate is not guaranteed, distributions may be made out of capital #)
NAV Per Share (Listed Class) HKD $10.67
NAV Per Share (Unlisted Class R2 in HKD) HKD $11.44
Monthly Report
^ The Fund adopts a single management fee structure, whereby a single flat fee will be paid out of the assets of the Fund to cover all of the costs, fees and expenses of the Fund. Click to learn more.

Distributions (Listed Class)#

Ex-date 30 June 2025
Pay Date 7 July 2025
Dividend Per Share (HKD) 0.12
Annualized Yield 13.97%
Dividend rate is not guaranteed, distributions may be made out of capital or income at the Manager’s discretion and please refer to clause 4 in important information.

Trading InformationAs of 27 Jun 2025

Exchange Hong Kong Exchange
Stock Code 3419
ISIN HK0000978962
Management Fee 0.75%
Board Lot Size 500 Units
Trading Currency HKD
Base Currency HKD
Total Net Asset Value(HKD) $128,019,232.35
Outstanding Units 12,000,000

ETF Summary

The investment objective of the Global X HSI Components Covered Call Active ETF is to generate income by primarily (i) investing in constituent equity securities in the Hang Seng Index (the “Reference Index” or the “HSI”); and (ii) selling (i.e. “writing”) call options on the Reference Index to receive payments of money from the purchaser of call options (i.e. “premium”).


# The Manager may at its absolute discretion declare distributions monthly to unitholders in each financial year and details of the distribution declaration dates, distribution amounts and ex-dividend payment dates will be published on the Manager’s website https://www.globalxetfs.com.hk/. Distributions may be made out of capital or income at the Manager’s discretion. There can be no assurance that a distribution will be paid and dividend rate is not guaranteed. Please refer to the prospectus of the fund to understand the distribution policy and other details. The annualized yield is calculated as follows: (dividends per share distributed between June 2024 and May 2025) / net asset value per unit of the fund on ex-date (30 May 2025). Investors should note that yield figures are estimated and for reference only and do not represent the performance of the Fund, and that there is no guarantee as to the actual frequency and/or amount of dividend payments. Please note that a positive distribution yield does not imply a positive return on the total investment. Investors should not base investment decisions on the above information alone. Please refer to the Prospectus(including Product Key Facts Statement) for details including the product features and the risk factors. Investment involves risks. Past performance is not indicative of future performance.

ETF Prices

* Market prices are provided on a 15-minute delayed basis by ICE Data Services. (See terms and conditions)

Daily NAV per Unit2As of 27 Jun 2025

NAV Change % Change
Official NAV per Unit in HKD (Listed Class) $10.67 $0.00 0.04%
Official NAV per Unit in HKD (Unlisted Class R2) $11.44 $0.00 0.04%

Performance As of 27 Jun 2025

Cumulative Return (%) Fund NAV(Listed Class)
1 Mth 3.24
3 Mths 2.04
6 Mths 10.11
1 Yr 19.97
YTD 10.14
Since Inception 28.21
Calendar Year Return (%) Fund NAV(Listed Class)
2024 -
2023 -
2022 -
2021 -
2020 -
Source: Mirae Asset Global Investments (Hong Kong) Limited.
• Past performance information is not indicative of future performance. Investors may not get back the full amount invested.
• The computation basis of the performance is based on the calendar year end, NAV-to-NAV, with dividend reinvested.
• These figures show by how much the Fund increased or decreased in value during the calendar year shown.
• Performance data has been calculated in HKD including ongoing charges and excluding trading costs on HKEX you might have to pay.
• Where no past performance is shown there was insufficient data available in that year to provide performance.
• Fund inception date: 28 February 2024

Exposure As of 30 May 2025

    Weight (%)
Financials 27.7
Consumer Discretionary 18.7
Cash 18.1
Communication Services 12.2
Information Technology 7.2
Energy 3.7
Real Estate 3.2
Utilities 2.4
Industrials 2.3
Consumer Staples 2.1
Health Care 1.7
Materials 0.8
    Weight (%)
China 60.4
Hong Kong 21.5
Cash 18.1

Option Details As of 27 Jun 2025

Total Net Asset Value of the Fund (in HKD) HKD 128,030,676.55
Closing level of Hang Seng Index 24,284.15

Option Position Notional Exposure Notional Exposure
to NAV (%)
Strike Potential Upside
Before Strike
Expiration
Date
Calendar Days
to Expiry
Index Price
Short HANG SENG INDEX 24,400 Call Option HKD$-7,285,245.00 -5.69% 24,400 0.48% 06/27/2025 0 24,284
Short HANG SENG INDEX 24,200 Call Option HKD$-25,498,357.50 -19.92% 24,200 0% 06/27/2025 0 24,284
Short HANG SENG INDEX 23,600 Call Option HKD$-93,493,977.50 -73.02% 23,600 0% 06/27/2025 0 24,284

Daily HoldingsAs of 27 Jun 2025

Name of Securities Exchange Ticker Exchange Market Price (in HKD) Number of Shares Held Market Value (in HKD) Net Assets (%)
HSBC HOLDINGS PLC 5 HK Hong Kong 95 88,820 8,437,900.00 6.59
TENCENT HOLDINGS 700 HK Hong Kong 513 16,207 8,314,191.00 6.49
ALIBABA GROUP HOLDING 9988 HK Hong Kong 112.1 71,859 8,055,393.90 6.29
XIAOMI CORP-CLASS B 1810 HK Hong Kong 58.95 124,434 7,335,384.30 5.73
CHINA CONSTRUCTION BANK 939 HK Hong Kong 8.03 742,066 5,958,789.98 4.65
AIA GROUP 1299 HK Hong Kong 71.6 73,354 5,252,146.40 4.10
MEITUAN-CLASS B 3690 HK Hong Kong 129.4 37,714 4,880,191.60 3.81
CHINA MOBILE 941 HK Hong Kong 86.35 42,556 3,674,710.60 2.87
IND & COMM BK OF CHINA 1398 HK Hong Kong 6.32 565,556 3,574,313.92 2.79
HONG KONG EXCHANGES & CLEAR 388 HK Hong Kong 421.2 8,259 3,478,690.80 2.72
BYD 1211 HK Hong Kong 124.2 25,263 3,137,664.60 2.45
BANK OF CHINA 3988 HK Hong Kong 4.67 573,570 2,678,571.90 2.09
PING AN INSURANCE GROUP 2318 HK Hong Kong 50.4 45,975 2,317,140.00 1.81
NETEASE INC 9999 HK Hong Kong 207.8 9,480 1,969,944.00 1.54
CNOOC 883 HK Hong Kong 17.92 106,924 1,916,078.08 1.50
JD.COM INC-CLASS A 9618 HK Hong Kong 130.3 11,994 1,562,818.20 1.22
CHINA MERCHANTS BANK 3968 HK Hong Kong 55.15 26,764 1,476,034.60 1.15
SEMICONDUCTOR MANUFACTURING 981 HK Hong Kong 44.85 30,830 1,382,725.50 1.08
KUAISHOU TECHNOLOGY 1024 HK Hong Kong 62.8 20,685 1,299,018.00 1.01
LI AUTO INC-CLASS A 2015 HK Hong Kong 110.6 9,544 1,055,566.40 0.82
PETROCHINA 857 HK Hong Kong 6.81 144,716 985,515.96 0.77
CHINA LIFE INSURANCE 2628 HK Hong Kong 18.96 51,038 967,680.48 0.76
CLP HOLDINGS 2 HK Hong Kong 66.35 13,862 919,743.70 0.72
BOC HONG KONG HOLDINGS 2388 HK Hong Kong 36.15 25,381 917,523.15 0.72
ANTA SPORTS PRODUCTS 2020 HK Hong Kong 94.25 9,625 907,156.25 0.71
SUN HUNG KAI PROPERTIES 16 HK Hong Kong 90.55 9,937 899,795.35 0.70
CK HUTCHISON HOLDINGS 1 HK Hong Kong 48.7 18,390 895,593.00 0.70
TECHTRONIC INDUSTRIES 669 HK Hong Kong 87 10,050 874,350.00 0.68
TRIP.COM GROUP 9961 HK Hong Kong 459.2 1,875 861,000.00 0.67
ZIJIN MINING GROUP 2899 HK Hong Kong 20.5 39,023 799,971.50 0.62
LINK REIT 823 HK Hong Kong 42.5 17,710 752,675.00 0.59
BAIDU INC-CLASS A 9888 HK Hong Kong 83.85 8,731 732,094.35 0.57
CHINA PETROLEUM & CHEMICAL 386 HK Hong Kong 4.12 164,955 679,614.60 0.53
CHINA SHENHUA ENERGY 1088 HK Hong Kong 30.55 22,007 672,313.85 0.53
GEELY AUTOMOBILE HOLDINGS LT 175 HK Hong Kong 15.98 41,470 662,690.60 0.52
WUXI BIOLOGICS CAYMAN INC 2269 HK Hong Kong 25.15 25,357 637,728.55 0.50
HANG SENG BANK 11 HK Hong Kong 118 5,163 609,234.00 0.48
CHINA RESOURCES LAND 1109 HK Hong Kong 26.7 22,009 587,640.30 0.46
NONGFU SPRING 9633 HK Hong Kong 40.4 13,811 557,964.40 0.44
GALAXY ENTERTAINMENT GROUP L 27 HK Hong Kong 34.8 15,003 522,104.40 0.41
LENOVO GROUP 992 HK Hong Kong 9.43 55,305 521,526.15 0.41
HONG KONG & CHINA GAS 3 HK Hong Kong 6.65 76,792 510,666.80 0.40
POWER ASSETS HOLDINGS 6 HK Hong Kong 50.7 9,500 481,650.00 0.38
CK ASSET HOLDINGS 1113 HK Hong Kong 34.95 13,202 461,409.90 0.36
CITIC 267 HK Hong Kong 11.06 39,905 441,349.30 0.34
CSPC PHARMACEUTICAL GROUP LT 1093 HK Hong Kong 7.73 55,425 428,435.25 0.33
WH GROUP 288 HK Hong Kong 7.58 52,801 400,231.58 0.31
CHINA UNICOM HONG KONG 762 HK Hong Kong 9.25 41,974 388,259.50 0.30
SINO BIOPHARMACEUTICAL 1177 HK Hong Kong 5.3 70,807 375,277.10 0.29
HAIER SMART HOME 6690 HK Hong Kong 22.5 16,658 374,805.00 0.29
MTR CORP 66 HK Hong Kong 28.15 12,806 360,488.90 0.28
CHINA OVERSEAS LAND & INVEST 688 HK Hong Kong 13.68 26,273 359,414.64 0.28
CHINA MENGNIU DAIRY 2319 HK Hong Kong 16.26 21,487 349,378.62 0.27
CHINA HONGQIAO GROUP 1378 HK Hong Kong 17.9 19,473 348,566.70 0.27
ENN ENERGY HOLDINGS 2688 HK Hong Kong 62.7 5,352 335,570.40 0.26
JD HEALTH INTERNATIONAL INC 6618 HK Hong Kong 43.3 7,681 332,587.30 0.26
SUNNY OPTICAL TECH 2382 HK Hong Kong 68.65 4,879 334,943.35 0.26
MIDEA GROUP 300 HK Hong Kong 74.95 4,234 317,338.30 0.25
SHENZHOU INTERNATIONAL GROUP 2313 HK Hong Kong 55 5,671 311,905.00 0.24
SANDS CHINA 1928 HK Hong Kong 16.56 16,653 275,773.68 0.22
CHINA RESOURCES BEER HOLDING 291 HK Hong Kong 24.75 11,124 275,319.00 0.22
HENDERSON LAND DEVELOPMENT 12 HK Hong Kong 27.6 9,962 274,951.20 0.21
WHARF REAL ESTATE INVESTMENT 1997 HK Hong Kong 22.3 12,060 268,938.00 0.21
CHINA RESOURCES POWER HOLDIN 836 HK Hong Kong 19 14,201 269,819.00 0.21
LI NING 2331 HK Hong Kong 16.68 15,954 266,112.72 0.21
HANSOH PHARMACEUTICAL GROUP 3692 HK Hong Kong 29.1 8,570 249,387.00 0.19
CK INFRASTRUCTURE HOLDINGS L 1038 HK Hong Kong 52.15 4,547 237,126.05 0.19
ALIBABA HEALTH INFORMATION T 241 HK Hong Kong 4.86 46,485 225,917.10 0.18
HAIDILAO INTERNATIONAL HOLDI 6862 HK Hong Kong 15.16 14,087 213,558.92 0.17
ZTO EXPRESS CAYMAN INC 2057 HK Hong Kong 139.8 1,517 212,076.60 0.17
NEW ORIENTAL EDUCATION & TEC 9901 HK Hong Kong 41.95 4,898 205,471.10 0.16
CHOW TAI FOOK JEWELLERY GROU 1929 HK Hong Kong 13.38 14,423 192,979.74 0.15
CHINA RESOURCES MIXC LIFESTY 1209 HK Hong Kong 38 4,942 187,796.00 0.15
WUXI APPTEC 2359 HK Hong Kong 76.05 2,513 191,113.65 0.15
BYD ELECTRONIC INTL 285 HK Hong Kong 31.45 5,692 179,013.40 0.14
SINOPHARM GROUP 1099 HK Hong Kong 18.64 9,690 180,621.60 0.14
TINGYI (CAYMAN ISLN) HLDG 322 HK Hong Kong 11.5 14,239 163,748.50 0.13
LONGFOR GROUP HOLDINGS 960 HK Hong Kong 9.53 14,919 142,178.07 0.11
ORIENT OVERSEAS INTL 316 HK Hong Kong 133.4 950 126,730.00 0.10
XINYI GLASS HOLDINGS 868 HK Hong Kong 7.61 15,729 119,697.69 0.09
BUDWEISER BREWING CO APAC LT 1876 HK Hong Kong 7.83 14,344 112,313.52 0.09
HANG LUNG PROPERTIES 101 HK Hong Kong 7.55 13,817 104,318.35 0.08
HENGAN INTL GROUP 1044 HK Hong Kong 22.4 4,383 98,179.20 0.08
HANG SENG IDX FUT 07/30/25 HIN5 Hong Kong 24249 18 95,350.00 0.07
XINYI SOLAR HOLDINGS 968 HK Hong Kong 2.39 32,779 78,341.81 0.06
ZHONGSHENG GROUP HOLDINGS 881 HK Hong Kong 12.34 5,124 63,230.16 0.05
CALL HANG SENG INDEX 06/27/25 24400 HSI 06/27/25 C24400 0 -6 0.00 0.00
CALL HANG SENG INDEX 06/27/25 24200 HSI 06/27/25 C24200 103 -21 -108,150.00 -0.08
CALL HANG SENG INDEX 06/27/25 23600 HSI 06/27/25 C23600 703 -77 -2,706,550.00 -2.11
Source: Mirae Asset, Bloomberg
Holdings are subject to change. Cash, where shown, includes other assets and liabilities, such as payables and receivables.

Performance Simulator

Hover over the chart points for details
• The graph only shows simulated returns of the Fund and the Hang Seng Index based on different Hang Seng Index levels. The purpose of the graph is to illustrate the estimated capped upside of the Fund.
• The simulated returns do not necessarily reflect the realized return of the Fund and the Hang Seng Index in the future.

Market Makers 3

Mirae Asset Securities Co., Ltd.

Optiver Trading Hong Kong Limited

Eclipse Options (HK) Limited

Participating Dealers 4

Mirae Asset Securities (HK) Limited

Haitong International Securities Company Limited

China Merchants Securities (HK) Co., Limited

DBS Vickers (Hong Kong) Limited

Korea Investment & Securities Asia Limited

ABN AMRO Clearing Hong Kong Limited

Product Documents

Announcements / Notices

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