Options, Volatility & Defensive
Global X S&P 500 Quarterly Tail Hedge UCITS ETF
Global X
ISIN IE000EPX8KB7
- AUM
- £2.7mAs of 16 Sept 2026
- OCF / TER
- 0.5%
- Inception Date
- 21 Feb 2023
- Domicile
- Ireland
- Base Currency
- USD
- Instrument Type
- ETF
Fund Overview
Investment Objective
The investment objective of the Fund is to provide investment results that closely correspond, before fees and expenses, generally to the price and yield performance of the CBOE S&P 500® 15% WHT Quarterly 9% (-3% to -12%) Buffer Protect Index (the “Index”).
AltETF Comments
Index-tracking defined-outcome strategy focused on quarterly tail-risk protection for U.S. large-cap equities. The fund implements exposure synthetically, primarily via an unfunded swap on an option-based index backed by an equity basket. Principal return drivers are S&P 500 direction, the quarterly option reset, cap level, and the put-spread buffer that seeks to absorb 9% of losses after the first 3% quarterly decline; conventional market exposure remains materially linked to the S&P 500, but upside is capped and downside is reshaped by the option structure.
Fees & Share Class
| Ongoing Charges | 0.5% |
|---|---|
| Share Class Currency | USD |
| Income Treatment | Accumulating |
| Currency Hedging | Unhedged |
| Other Available Share Classes | — |
| Registrations for Public Distribution | AT, CH, DE, DK, ES, FI, FR, GB, IE, IT, LU, NL, NO, SE |
| UK Reporting Fund Status | Yes |
Management & Structure
| Legal Issuer | Global X ETFs ICAV |
|---|---|
| Asset Manager | Global X |
| Administrator | SEI Investments |
| Custodian or Depositary | SEI Investments |
| Domicile | Ireland |
| Legal Structure | ICAV |
| Instrument Type | ETF |
| Management Approach | Index-tracking |
| Implementation Method | Synthetic replication using an unfunded swap on the index, with the fund primarily holding a basket of global equity and equity-related securities; the investment manager may also switch partly or fully to direct holdings including options and futures. |
| Underlying Index | CBOE S&P 500 15% WHT Quarterly 9% (-3% to -12%) Buffer Protect Index |
| SFDR Classification | Article 6 |
Performance & Statistics
- MTD
- -1.2% as of 16 Sept 2026
- YTD
- 2.5% as of 16 Sept 2026
- 1Y
- 7.6%
- 3Y Annualised
- 8.4%
- 5Y Annualised
- —
Monthly Returns (%)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year Return |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.8% | 0.1% | -3.9% | 3.4% | 1.0% | 0.3% | 0.2% | 2.0% | — | — | — | — | 3.8% |
| 2025 | 1.5% | -0.3% | -4.2% | -0.1% | 3.1% | 1.2% | 1.3% | 1.4% | 1.3% | 1.1% | 0.8% | 0.5% | 7.6% |
| 2024 | 0.9% | 2.4% | 0.5% | -2.3% | 3.1% | 3.2% | 0.7% | 1.9% | 1.5% | -0.5% | 3.5% | -0.9% | 14.7% |
| 2023 | — | — | 2.7% | 2.5% | 0.6% | 2.6% | 2.8% | -0.1% | -4.3% | -0.9% | 4.4% | 0.5% | 11.0% |
As of 31 Aug 2026