TYLG


Information Technology Covered Call & Growth ETF

Reasons to Consider TYLG

High Income Potential

TYLG seeks to generate income by writing covered calls on the Information Technology Select Sector SPDR Fund.

Upside Potential

By writing calls on 50% of the Information Technology Select Sector SPDR Fund, the strategy allows investors to capture half the upside potential of the Information Technology Select Sector Index.

Monthly Distributions

TYLG seeks to make distributions on a monthly basis.

Key Information As of 06/28/24

Inception Date 11/21/22
Gross Expense Ratio 0.65%
Net Expense Ratio* 0.60%
Net Assets $7.89 million
NAV $32.87
Fact Sheet View the document

*Fee waivers are contractual and in effect until at least March 1, 2025.


ETF Summary

The Global X Information Technology Covered Call & Growth ETF (TYLG) follows a “covered call” or “buy-write” strategy, in which the Fund buys the stocks in the Information Technology Select Sector Index and the Technology Select Sector SPDR Fund, and “writes” or “sells” corresponding call options on the Information Technology Select Sector SPDR Fund representing approximately 50% of the value of TYLG’s portfolio.

ETF Objective

The Global X Information Technology Covered Call & Growth ETF (TYLG) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P Technology Select Sector Half BuyWrite Index.

Trading Details As of 06/27/24

Ticker TYLG
Bloomberg Index Ticker BXLKH
CUSIP 37960A743
ISIN US37960A7431
Primary Exchange NYSE Arca
Shares Outstanding 240,000
Number of Holdings 69
30-Day Median Bid-Ask Spread 0.51%

Distributions As of 06/28/24

30-Day SEC Yield 0.22%
Unsubsidized 30-Day SEC Yield 0.17%
12-Month Trailing Yield 11.84%
Distribution Yield 6.40%
Distribution Frequency Monthly

ETF Prices As of 06/28/24

NAV $32.87 Daily Change $0.02 0.06%
Market Price $32.91 Daily Change $0.09 0.27%

Performance History

As of recent
(03/31/24)
As of recent
(03/31/24)
Fund NAV Market Price Index
1 Year 29.49% 29.59% 30.39%
Since Inception 33.89% 34.00% 34.85%
1 Year 20.45% 20.01% 22.09%
Since Inception 29.10% 28.99% 30.03%
Year-to-Date 7.34% 7.54% 7.66%
1 Month 1.24% 1.30% 1.33%
3 Months 7.34% 7.54% 7.66%
Since Inception 48.68% 48.85% 50.13%
Year-to-Date 6.61% 6.54% 7.06%
1 Month 4.31% 4.04% 4.47%
3 Months 0.55% 0.36% 0.77%
Since Inception 47.67% 47.46% 49.29%

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Options Details As of 06/27/24

Technology Select Sector SPDR Fund (XLK) Price* 226.35
*Market Price as of 06/27/24

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short Technology Select Sector SPDR Call Option -$3,961,125 230 1.61% 07/19/2024 22

Top Holdings As of 06/28/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
53.82 XLK SPDR-TECH SEL S 2369709 226.23 18,767 4,245,658.41
10.38 MSFT MICROSOFT CORP 2588173 446.95 1,831 818,365.45
9.50 NVDA NVIDIA CORP 2379504 123.54 6,063 749,023.02
2.10 AAPL APPLE INC 2046251 210.62 786 165,547.32
1.97 AVGO BROADCOM INC BDZ78H9 1,605.53 97 155,736.41
1.25 AMD ADVANCED MICRO DEVICES 2007849 162.21 608 98,623.68
1.20 CRM SALESFORCE INC 2310525 257.10 367 94,355.70
1.19 ADBE ADOBE INC 2008154 555.54 169 93,886.26
1.08 ORCL ORACLE CORP 2661568 141.20 601 84,861.20
1.07 QCOM QUALCOMM INC 2714923 199.18 422 84,053.96
0.94 AMAT APPLIED MATERIALS INC 2046552 235.99 314 74,100.86
0.92 CSCO CISCO SYSTEMS INC 2198163 47.51 1,526 72,500.26
0.91 ACN ACCENTURE PLC-CL A B4BNMY3 303.41 236 71,604.76
0.88 INTU INTUIT INC 2459020 657.21 105 69,007.05
0.85 TXN TEXAS INSTRUMENTS INC 2885409 194.53 344 66,918.32
0.77 NOW SERVICENOW INC B80NXX8 786.67 77 60,573.59
0.76 IBM IBM 2005973 172.95 346 59,840.70
0.70 MU MICRON TECHNOLOGY INC 2588184 131.53 418 54,979.54
0.66 LRCX LAM RESEARCH CORP 2502247 1,064.85 49 52,177.65
0.63 INTC INTEL CORP 2463247 30.97 1,603 49,644.91
0.54 ADI ANALOG DEVICES INC 2032067 228.26 186 42,456.36
0.53 KLAC KLA CORP 2480138 824.51 51 42,050.01
0.52 PANW PALO ALTO NETWORKS INC B87ZMX0 339.01 122 41,359.22
0.43 SNPS SYNOPSYS INC 2867719 595.06 57 33,918.42
0.43 ANET ARISTA NETWORKS INC BN33VM5 350.48 96 33,646.08
0.42 CRWD CROWDSTRIKE HO-A BJJP138 383.19 86 32,954.34
0.39 CDNS CADENCE DESIGN SYS INC 2302232 307.75 101 31,082.75
0.39 APH AMPHENOL CORP-CL A 2145084 67.37 452 30,451.24
0.33 NXPI NXP SEMICONDUCTORS NV B505PN7 269.09 97 26,101.73
0.31 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 386.05 64 24,707.20
0.29 ROP ROPER TECHNOLOGIES INC 2749602 563.66 41 23,110.06
0.25 ADSK AUTODESK INC 2065159 247.45 79 19,548.55
0.24 MCHP MICROCHIP TECHNOLOGY INC 2592174 91.50 203 18,574.50
0.22 TEL TE CONNECTIVITY LTD B62B7C3 150.43 115 17,299.45
0.21 SMCI SUPER MICRO COMPUTER INC B1VQR35 819.35 20 16,387.00
0.20 MPWR MONOLITHIC POWER B01Z7J1 821.68 19 15,611.92
0.18 FTNT FORTINET INC B5B2106 60.27 231 13,922.37
0.17 IT GARTNER INC 2372763 449.06 29 13,022.74
0.16 CTSH COGNIZANT TECH-A 2257019 68.00 186 12,648.00
0.15 FICO FAIR ISAAC CORP 2330299 1,488.66 8 11,909.28
0.14 HPQ HP INC BYX4D52 35.02 324 11,346.48
0.14 GLW CORNING INC 2224701 38.85 290 11,266.50
0.14 CDW CDW CORP/DE BBM5MD6 223.84 50 11,192.00
0.14 ON ON SEMICONDUCTOR 2583576 68.55 161 11,036.55
0.14 ANSS ANSYS INC 2045623 321.50 33 10,609.50
0.13 HPE HEWLETT PACKA BYVYWS0 21.17 489 10,352.13
0.13 NTAP NETAPP INC 2630643 128.80 77 9,917.60
0.12 FSLR FIRST SOLAR INC B1HMF22 225.46 42 9,469.32
0.12 KEYS KEYSIGHT TECHNOLOGIES IN BQZJ0Q9 136.75 67 9,162.25
0.11 WDC WESTERN DIGITAL CORP 2954699 75.77 117 8,865.09
0.11 TER TERADYNE INC 2884183 148.29 58 8,600.82
0.11 TYL TYLER TECHNOLOGIES INC 2909644 502.78 17 8,547.26
0.10 PTC PTC INC B95N910 181.67 45 8,175.15
0.09 GDDY GODADDY INC - CLASS A BWFRFC6 139.71 53 7,404.63
0.09 STX SEAGATE TECHNOLO BKVD2N4 103.27 70 7,228.90
0.08 TDY TELEDYNE TECHNOLOGIES INC 2503477 387.98 17 6,595.66
0.08 ZBRA ZEBRA TECH CORP 2989356 308.93 21 6,487.53
0.08 SWKS SKYWORKS SOLUTIONS INC 2961053 106.58 59 6,288.22
0.07 VRSN VERISIGN INC 2142922 177.80 33 5,867.40
0.07 CASH 1.00 5,662 5,661.84
0.07 TRMB TRIMBLE INC 2903958 55.92 91 5,088.72
0.06 JBL JABIL INC 2471789 108.79 46 5,004.34
0.06 ENPH ENPHASE ENERGY INC B65SQW4 99.71 48 4,786.08
0.06 GEN GEN DIGITAL INC BJN4XN5 24.98 191 4,771.18
0.06 AKAM AKAMAI TECHNOLOGIES INC 2507457 90.08 51 4,594.08
0.05 JNPR JUNIPER NETWORKS INC 2431846 36.46 115 4,192.90
0.05 QRVO QORVO INC BR9YYP4 116.04 36 4,177.44
0.05 EPAM EPAM SYSTEMS INC B44Z3T8 188.11 22 4,138.42
0.05 FFIV F5 INC 2427599 172.23 22 3,789.06
-0.03 OTHER PAYABLE & RECEIVABLES 1.00 -2,566 -2,565.61
-0.59 2XLK US 07/19/2024 C230 264.54 -175 -46,293.76
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Research

Investing involves risk, including the possible loss of principal. Concentration in a particular industry or sector will subject TYLG to loss due to adverse occurrences that may affect that industry or sector. Investors in TYLG should be willing to accept a high degree of volatility in the price of the fund’s shares and the possibility of significant losses. The Fund invests in securities of companies engaged in Information Technology, which can be affected by rapid product obsolescence and intense industry competition.

TYLG engages in options trading. An option is a contract sold by one party to another that gives the buyer the right, but not the obligation, to buy (call) or sell (put) a stock at an agreed upon price within a certain period or on a specific date. A covered call option involves holding a long position in a particular asset, in this case U.S. common equities, and writing a call option on that same asset with the goal of realizing additional income from the option premium. By selling covered call options, the fund limits its opportunity to profit from an increase in the price of the underlying index above the exercise price, but continues to bear the risk of a decline in the index. A liquid market may not exist for options held by the fund. While the fund receives premiums for writing the call options, the price it realizes from the exercise of an option could be substantially below the indices current market price. TYLG is non-diversified.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Cboe, nor does Cboe make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with Cboe.