Global X S&P 500 Tail Risk ETF (XTR)

Global X S&P 500 Tail Risk ETF (XTR) is an exchange-traded fund in the Equity Hedged category. It has $4.90M in assets, an expense ratio of 0.25% and a 0.74% dividend yield. The fund invests at least 80% of its total assets in the securities of the underlying index. The underlying index measures the performance of a risk management strategy that holds the underlying stocks of the S&P 500® Index and applies a protective put strategy (i.e. long (purchased) put options) on the S&P 500® Index. The adviser expects that the correlation between the fund's performance and that of the underlying index, before fees and expenses, will exceed 95%.