EMCC vs. HEFA ETF Comparison

Comparison of Global X MSCI Emerging Markets Covered Call ETF (EMCC) to iShares Currency Hedged MSCI EAFE ETF (HEFA)

EMCC

Global X MSCI Emerging Markets Covered Call ETF

EMCC Description

EMCC is passively managed to employ a covered call strategy on the MSCI Emerging Markets Investable Market Index. The fund holds a theoretical portfolio of stocks of the reference index, while writing a succession of one-month, at-the-money FLEX call options on ETF shares of the index. The call options are written on 100% of the portfolio value and are held through expiration, either expiring or settling in cash. Holding the various positions and writing call options inside an ETF wrapper is a more efficient way to access the strategy. Premium income from the written calls protects the fund against stagnant prices or small losses, but the strategy limits the upside potential of the fund. Should the index rally, the fund is expected to underperform.

Grade (RS Rating)

Last Trade

$25.10

Average Daily Volume

338

Number of Holdings ^*

* may have additional holdings in another (foreign) market

HEFA

iShares Currency Hedged MSCI EAFE ETF

HEFA Description

The investment seeks to track the investment results of an index composed of large- and mid-capitalization equities in Europe, Australasia, and the Far East while mitigating exposure to fluctuations between the value of the component currencies and the U.S. dollar. The fund seeks to track the investment results of the MSCI EAFEÂ® 100% Hedged to USD Index (the "underlying index"), which has been developed by MSCI Inc. ("MSCI") as an equity benchmark for its international stock performance with the currency risk of the securities included in the underlying index hedged against the U.S. dollar on a monthly basis. It is non-diversified.

Grade (RS Rating)

Last Trade

$35.28

Average Daily Volume

1,573,499

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EMCC	HEFA
30 Days	2.05%	-0.65%
60 Days	4.91%	5.91%
90 Days	4.76%	-0.28%
12 Months		21.62%

0 Overlapping Holdings

	Symbol	Grade	Weight in EMCC	Weight in HEFA	Overlap

EMCC Overweight 1 Positions Relative to HEFA

	Symbol	Grade	Weight
	IEMG	B	101.91%

EMCC Underweight 4 Positions Relative to HEFA

Symbol	Grade	Weight
EFA	B	-101.29%
HKD	D	-0.0%
NOK	B	--0.01%
SGD	F	--0.03%

EMCC: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Financial Market Index Fund