At a glance
GINX charges 0.98% a year. It has $106.4M in assets; it paid 2.23% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +23.5% with distributions reinvested (S&P 500: +11.5%). Its ten largest positions make up 23.8% of the fund, out of 132 in all.
The short version
SGI Enhanced Global Income ETF (GINX) is an actively managed fund from Summit Global Investments. It holds dividend-paying US and foreign stocks and sells very short-term options on the S&P 500 or other broad indices to earn extra income. Two things set it apart. It costs 0.98% a year and had portfolio turnover of 231%, more than double the 100% level its prospectus calls high. Its options strategy also limits some gains and losses.
Price history
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GINX +23.5% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| GINX price data to Oct 27, 2026 | +16.5% | +23.5% | — | — | — | +17.6% |
- Over the year to Oct 27, 2026, GINX returned +23.5%.
- Its worst full calendar year was 2025 (+25.1%); its best was 2025 (+25.1%).
- The deepest fall in its price history was 12.5% (Mar 19, 2025 to Apr 8, 2025), recovered by May 19, 2025.
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +16.5% |
| 2025 | +25.1% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.4300 | |
| 2025 | $0.8800 |
What's inside
As of Aug 31, 2026, the fund held 132 securities; the ten largest made up 23.75% of assets.
| Holding | Weight | |
|---|---|---|
| iShares Emerging Markets Dividend ETF | 3.11% | |
| WisdomTree Emerging Markets High Dividend Fund | 3.07% | |
| iShares Core MSCI Emerging Markets ETF | 2.86% | |
| JPMorgan Chase & Co | 2.77% | |
| BNP Paribas SA | 2.22% | |
| BBVA | 2.16% | |
| Bank of America Corp | 2.10% | |
| Colgate-Palmolive Co | 1.89% | |
| PepsiCo Inc | 1.84% | |
| United Parcel Service Inc | 1.73% | |
| UniCredit SpA | 1.72% | |
| TSMC | 1.69% | |
| Lockheed Martin Corp | 1.67% | |
| GSK PLC | 1.60% | |
| Prudential Financial Inc | 1.59% |
By country
United States 51.54%United Kingdom 6.23%Italy 5.01%Canada 5.01%Japan 4.7%By asset type
Stocks 99.55%What changed recently
- Over the three months to Aug 31, 2026, investors added a net $5.6M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +0.47%, +4.10%, +1.76%.
How it works
GINX does not track an index. Its adviser, Summit Global Investments, picks dividend-paying companies from around the world whose shares trade on US exchanges, mostly large and mid-sized firms. Normally at least 40% of the fund is in non-US companies, or at least 30% if the adviser judges conditions unfavorable. Many are held as American Depositary Receipts (ADRs), which are US-listed shares of foreign firms. The fund can also own other ETFs, including ones the adviser runs. As of August 31, 2026, it held 132 holdings, and about 9% of assets were in other funds.
On top of the stocks, the fund sells put and call options on the S&P 500 or other broad indices. When it sells an option, it collects a fee, called a premium. It picks "deep out-of-the-money" strike prices, set far from the index level, on contracts that usually expire within one to seven days. Selling calls gives up gains if the index jumps past the strike. Selling puts can cause losses if the index falls below it. Short-term Treasuries serve as collateral.
The fund is a full derivatives user under SEC Rule 18f-4, which means it may use options for leverage. It trades heavily: turnover was 231% in its last fiscal year. Heavy trading can raise costs and taxable gains. The fund may also lend out securities to earn more income.
What it really costs
- GINX charges 0.98% a year.
- Using the prospectus's standard example, $10,000 invested would cost about $100 in the first year and $1,201 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| GINX | $100 | $312 | $542 | $1,201 |
Structure and tax notes
- Generates much of its income from selling options (directly or through notes). That income is usually taxed as ordinary income rather than as qualified dividends, and the strategy gives up some upside in strong markets.
In a retirement portfolio
The fund aims to produce current income from global dividend stocks plus option premiums, although its payout so far has been modest.
GINX has moved less than the broad market. In the year to October 27, 2026, its beta was 0.63 (it tended to move about two-thirds as much as the market) and its volatility was 11.6%. Its trailing yield was 2.23% as of that date, or $0.80 a share, paid quarterly. That is modest for a fund with "enhanced income" in its name. Option income is usually taxed as ordinary income. Costs come to $1,201 over 10 years on $10,000 in the SEC's standard example.
Its track record is short. The fund launched February 29, 2024, so it missed the 2008, 2020 and 2022 downturns. Its only full calendar year, 2025, returned 25.05%. Its deepest drop was 12.5%, from March 19 to April 8, 2025, and it recovered by May 19, 2025. Someone drawing income through a long bear market has no history here to judge it by. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors swapping some upside for option income: it sells S&P 500 puts and calls with distant strike prices, generally expiring within 1–7 days.
- Investors wanting a global dividend mix: 51.5% US as of August 31, 2026, with emerging-market dividend ETFs, BNP Paribas and BBVA among top holdings.
- Investors wanting a calmer ride: beta (market sensitivity) of 0.63 for the year to October 27, 2026; its deepest drop was 12.5%.
Look elsewhere if
- Cost-conscious investors: the 0.98% expense ratio (yearly fee) means $1,201 in costs over 10 years on $10,000 in the SEC's standard example.
- Taxable-account holders: 231% annual turnover (heavy trading) and option income, usually taxed as ordinary income rather than qualified dividends, can raise tax bills.
- Those wanting a long record or big payouts: launched February 29, 2024, after the 2022 bear market, it yielded 2.23% as of October 27, 2026.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
No close alternatives found.
Questions investors ask
Is GINX good for retirement income?
It may suit people who want some income along with global stock exposure, but the income has been modest. As of October 27, 2026, its trailing yield was 2.23%, paid quarterly. Over the prior year it moved less than the market, with a beta of 0.63. Drawbacks include a 0.98% expense ratio, option income that is usually taxed as ordinary income, and a short history that began February 29, 2024.
Does GINX pay monthly dividends?
No. GINX pays quarterly. Over the 12 months to October 27, 2026, it paid $0.80 a share, a trailing yield of 2.23%. Its income comes from dividends on the stocks it owns, premiums from selling options, and interest on short-term Treasuries. Option-related income is usually taxed as ordinary income rather than as qualified dividends. Payments can change from quarter to quarter.
What is GINX's expense ratio?
GINX's expense ratio is 0.98%, according to its prospectus filed December 30, 2025. All of it is the management fee, and there is no fee waiver. In the SEC's standard example, $10,000 earning 5% a year would cost about $100 after one year, $312 after three, $542 after five and $1,201 after ten. Trading costs from its 231% turnover are not included in the expense ratio.
How is GINX different from a covered call ETF?
Many covered call funds sell call options on the stocks they own. GINX owns about 130 global dividend stocks and ETFs, and separately sells both puts and calls on the S&P 500 or other broad indices. Its options are set far from the index level and usually expire within one to seven days. Like a covered call fund, it gives up some gains in strong rallies. Unlike one, the puts it sells can add losses in sharp drops.
How has GINX performed since launch?
Its returns have been strong over a short record. GINX returned 25.05% in 2025, its only full calendar year, and 16.48% in 2026 through October 27. Its one-year return to that date was 23.5%. Its deepest drop was 12.5%, from March 19 to April 8, 2025, and it recovered by May 19. The fund launched February 29, 2024, so it has not been through a long bear market.