QYLD

Nasdaq 100 Covered Call ETF

Morningstar Rating™ - Overall rating out of 77 Derivative Income funds, based on risk-adjusted returns as of 12/31/2024

Reasons to Consider QYLD

High Income Potential

QYLD seeks to generate income through covered call writing, which historically produces higher yields in periods of volatility.¹

Monthly Distributions

QYLD has made monthly distributions 11 years running.

Efficient Options Execution

QYLD writes call options on the Nasdaq-100 Index, saving investors the time and potential expense of doing so individually.

¹Covered call writing can limit the upside potential of the underlying security

Key Information As of 01/21/25

Inception Date	12/11/13
Total Expense Ratio	0.61%
Net Assets	$8.61 billion
NAV	$18.44
Fact Sheet	View the document

ETF Summary

The Global X Nasdaq 100 Covered Call ETF (QYLD) follows a “covered call” or “buy-write” strategy, in which the Fund buys the stocks in the Nasdaq 100 Index and “writes” or “sells” corresponding call options on the same index.

ETF Objective

The Global X Nasdaq 100 Covered Call ETF (QYLD) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe Nasdaq-100 BuyWrite V2 Index.

Trading Details As of 01/21/25

Ticker	QYLD
Bloomberg Index Ticker	BXNT
CUSIP	37954Y483
ISIN	US37954Y4834
Primary Exchange	Nasdaq
Shares Outstanding	466,720,000
Number of Holdings	102
30-Day Median Bid-Ask Spread	0.05%

Distributions As of 01/21/25

30-Day SEC Yield	0.24%
Trailing 12-Month Distribution (%) ¹	13.91%
Distribution Rate ²	11.98%
Distribution Frequency	Monthly

¹The distribution as a percentage an investor would have received if they had held the fund over the last twelve months, assuming the most recent NAV. The Trailing 12-Month Distribution (%) is calculated by summing any income, capital gains and return of capital distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the same period. The distribution is estimated to include a return of capital. For information on the breakdown of the distributions, please see the “19a Notice” here. These do not imply rates for any future distributions.

²The annual rate an investor would receive if the most recent fund distribution remained the same going forward. The rate represents a single distribution from the fund and does not represent total return of the fund. The distribution rate is calculated by annualizing the most recent distribution and dividing by the most recent fund NAV. The distribution is estimated to include a return of capital. For information on the breakdown of the distributions, please see the “19a Notice” here. These do not imply rates for any future distributions.

ETF Prices As of 01/21/25

NAV	$18.44	Daily Change	-$0.12	-0.65%
Market Price	$18.46	Daily Change	-$0.12	-0.65%

As of recent month & quarter-end (12/31/24) As of recent month & quarter-end (12/31/24)	Fund NAV	Market Price	Index
1 Year	19.13%	19.33%	19.96%
3 Years	5.82%	5.82%	6.41%
5 Years	7.30%	7.29%	8.05%
10 Years	8.57%	8.54%	9.49%
Since Inception	8.26%	8.25%	9.13%
1 Year	19.13%	19.33%	19.96%
3 Years	5.82%	5.82%	6.41%
5 Years	7.30%	7.29%	8.05%
10 Years	8.57%	8.54%	9.49%
Since Inception	8.26%	8.25%	9.13%
Year-to-Date	19.13%	19.33%	19.96%
1 Month	1.85%	1.85%	1.88%
3 Months	4.95%	4.95%	5.08%
Since Inception	140.58%	140.35%	162.93%
Year-to-Date	19.13%	19.33%	19.96%
1 Month	1.85%	1.85%	1.88%
3 Months	4.95%	4.95%	5.08%
Since Inception	140.58%	140.35%	162.93%

The Fund’s investment objective and investment strategies changed effective October 15, 2015. Hybrid index performance (noted as "Index" above in the chart) reflects the performance of the Cboe NASDAQ-100 BuyWrite Index through October 14, 2015 and the Cboe NASDAQ-100 BuyWrite V2 Index thereafter. The Fund was also re-organized effective December 24, 2018. Fund returns (NAV & Closing Price) presented above reflect the performance of the predecessor Fund through December 21, 2018.

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.

Nasdaq 100 Price

21,566.51

Upside Cap Details

Option Positions	Notional Exposure	Strike	Upside Before Cap	Expiration Date	Calendar Days to Expiry
Short NASDAQ Call Option	-$8,833,640,817	21450	0.00%	02/21/2025	31

Net Assets (%)	Ticker	Name	SEDOL	Market Price ($)	Shares Held	Market Value ($)
8.90	NVDA	NVIDIA CORP	2379504	140.83	5,450,953	767,657,710.99
8.68	AAPL	APPLE INC	2046251	222.64	3,364,650	749,105,676.00
8.22	MSFT	MICROSOFT CORP	2588173	428.50	1,654,515	708,959,677.50
6.26	AMZN	AMAZON.COM INC	2000019	230.71	2,339,745	539,802,568.95
4.79	AVGO	BROADCOM INC	BDZ78H9	240.31	1,718,655	413,009,983.05
3.97	TSLA	TESLA INC	B616C79	424.07	806,655	342,078,185.85
3.46	META	META PLATFORMS INC	B7TL820	616.46	484,538	298,698,295.48
2.98	GOOGL	ALPHABET INC-CL A	BYVY8G0	198.05	1,299,122	257,291,112.10
2.85	GOOG	ALPHABET INC-CL C	BYY88Y7	199.63	1,229,998	245,544,500.74
2.66	COST	COSTCO WHOLESALE CORP	2701271	947.73	242,187	229,527,885.51
2.36	NFLX	NETFLIX INC	2857817	869.68	233,727	203,267,697.36
1.61	TMUS	T-MOBILE US INC	B94Q9V0	219.49	634,156	139,190,900.44
1.54	CSCO	CISCO SYSTEMS INC	2198163	61.03	2,175,162	132,750,136.86
1.36	ISRG	INTUITIVE SURGICAL INC	2871301	604.12	194,243	117,346,081.16
1.33	LIN	LINDE PLC	BNZHB81	442.46	260,131	115,097,562.26
1.29	PEP	PEPSICO INC	2681511	148.55	748,862	111,243,450.10
1.26	AMD	ADVANCED MICRO DEVICES	2007849	122.28	885,700	108,303,396.00
1.21	ADBE	ADOBE INC	2008154	436.36	240,129	104,782,690.44
1.18	QCOM	QUALCOMM INC	2714923	167.27	605,976	101,361,605.52
1.13	TXN	TEXAS INSTRUMENTS INC	2885409	195.23	497,751	97,175,927.73
1.10		CASH		1.00	94,556,554	94,556,553.63
1.08	INTU	INTUIT INC	2459020	609.41	152,523	92,949,041.43
1.01	PLTR	PALANTIR TECHN-A	BN78DQ4	73.07	1,189,631	86,926,337.17
1.00	AMAT	APPLIED MATERIALS INC	2046552	192.87	449,327	86,661,698.49
0.99	BKNG	BOOKING HOLDINGS INC	BDRXDB4	4,686.41	18,181	85,203,620.21
0.93	AMGN	AMGEN INC	2023607	274.81	292,697	80,436,062.57
0.93	HON	HONEYWELL INTL	2020459	225.07	354,636	79,817,924.52
0.89	CMCSA	COMCAST CORP-CLASS A	2044545	36.97	2,080,256	76,907,064.32
0.77	MU	MICRON TECHNOLOGY INC	2588184	109.38	605,506	66,230,246.28
0.77	ADP	AUTOMATIC DATA PROCESSING	2065308	298.15	221,936	66,170,218.40
0.76	PANW	PALO ALTO NETWORKS INC	B87ZMX0	183.51	357,417	65,589,593.67
0.73	GILD	GILEAD SCIENCES INC	2369174	92.96	678,512	63,074,475.52
0.70	SBUX	STARBUCKS CORP	2842255	97.98	616,383	60,393,206.34
0.69	VRTX	VERTEX PHARM	2931034	427.89	140,040	59,921,715.60
0.69	ADI	ANALOG DEVICES INC	2032067	221.45	270,057	59,804,122.65
0.68	MRVL	MARVELL TECHNOLOGY INC	BNKJSM5	123.78	470,720	58,265,721.60
0.66	LRCX	LAM RESEARCH CORP	BSML4N7	81.50	699,083	56,975,264.50
0.65	KLAC	KLA CORP	2480138	767.24	72,887	55,921,821.88
0.65	CEG	CONSTELLATION ENERGY	BMH4FS1	323.64	172,773	55,916,253.72
0.64	APP	APPLOVIN CORP-CLASS A	BMV3LG4	338.39	162,051	54,836,437.89
0.59	INTC	INTEL CORP	2463247	21.77	2,342,130	50,988,170.10
0.59	MELI	MERCADOLIBRE INC	B23X1H3	1,834.51	27,777	50,957,184.27
0.57	PYPL	PAYPAL HOLDINGS INC	BYW36M8	89.77	544,502	48,879,944.54
0.56	MSTR	MICROSTRATEGY INC-CL A	2974329	389.10	123,485	48,048,013.50
0.55	CRWD	CROWDSTRIKE HO-A	BJJP138	366.41	129,366	47,400,996.06
0.54	CDNS	CADENCE DESIGN SYS INC	2302232	310.97	148,732	46,251,190.04
0.52	SNPS	SYNOPSYS INC	2867719	529.75	85,009	45,033,517.75
0.52	CTAS	CINTAS CORP	2197137	201.23	223,180	44,910,511.40
0.50	MAR	MARRIOTT INTL-A	2210614	277.72	156,488	43,459,847.36
0.50	MDLZ	MONDELEZ INTER-A	B8CKK03	57.60	753,953	43,427,692.80
0.49	FTNT	FORTINET INC	B5B2106	97.20	432,343	42,023,739.60
0.48	REGN	REGENERON PHARMACEUTICALS	2730190	687.80	60,773	41,799,669.40
0.46	ORLY	O'REILLY AUTOMOTIVE INC	B65LWX6	1,241.08	32,023	39,743,104.84
0.46	PDD	PDD HOLDINGS INC	BYVW0F7	104.15	377,355	39,301,523.25
0.45	DASH	DOORDASH INC - A	BN13P03	178.10	219,969	39,176,478.90
0.44	ASML	ASML HOLDING-NY	B908F01	763.00	49,933	38,098,879.00
0.42	CSX	CSX CORP	2160753	33.27	1,090,338	36,275,545.26
0.42	ADSK	AUTODESK INC	2065159	296.91	121,785	36,159,184.35
0.38	PCAR	PACCAR INC	2665861	110.11	296,697	32,669,306.67
0.37	ROP	ROPER TECHNOLOGIES INC	2749602	530.79	60,522	32,124,472.38
0.37	TTD	TRADE DESK INC-A	BD8FDD1	124.50	254,301	31,660,474.50
0.36	CPRT	COPART INC	2208073	57.44	545,131	31,312,324.64
0.36	ABNB	AIRBNB INC-CLASS A	BMGYYH4	133.07	233,157	31,026,201.99
0.36	NXPI	NXP SEMICONDUCTORS NV	B505PN7	214.88	143,939	30,929,612.32
0.35	WDAY	WORKDAY INC-CLASS A	B8K6ZD1	250.72	120,192	30,134,538.24
0.34	PAYX	PAYCHEX INC	2674458	145.66	203,875	29,696,432.50
0.34	AEP	AMERICAN ELECTRIC POWER	2026242	97.81	301,829	29,521,894.49
0.32	FANG	DIAMONDBACK ENERGY INC	B7Y8YR3	176.95	155,884	27,583,673.80
0.31	CHTR	CHARTER COMMUN-A	BZ6VT82	350.56	75,976	26,634,146.56
0.31	ROST	ROSS STORES INC	2746711	148.94	176,742	26,323,953.48
0.30	AXON	AXON ENTERPRISE INC	BDT5S35	605.58	43,332	26,240,992.56
0.30	MNST	MONSTER BEVERAGE CORP	BZ07BW4	49.22	518,891	25,539,815.02
0.29	BKR	BAKER HUGHES CO	BDHLTQ5	47.04	526,021	24,744,027.84
0.29	DDOG	DATADOG INC - CLASS A	BKT9Y49	138.40	177,979	24,632,293.60
0.27	TEAM	ATLASSIAN CORP-CL A	BQ1PC76	256.19	91,899	23,543,604.81
0.27	LULU	LULULEMON ATHLETICA INC	B23FN39	372.81	62,043	23,130,250.83
0.27	FAST	FASTENAL CO	2332262	76.09	303,344	23,081,444.96
0.26	KDP	KEURIG DR PEPPER INC	BD3W133	31.71	718,082	22,770,380.22
0.26	XEL	XCEL ENERGY INC	2614807	67.68	327,175	22,143,204.00
0.25	ODFL	OLD DOMINION FREIGHT LINE	2656423	190.43	113,701	21,652,081.43
0.25	EXC	EXELON CORP	2670519	40.44	529,281	21,404,123.64
0.25	VRSK	VERISK ANALYTICS INC	B4P9W92	280.06	75,599	21,172,255.94
0.24	GEHC	GE HEALTHCARE TECHNOLOGY	BL6JPG8	87.34	241,251	21,070,862.34
0.24	AZN	ASTRAZENECA PLC-SPONS ADR	2989044	67.96	308,172	20,943,369.12
0.24	CTSH	COGNIZANT TECH-A	2257019	78.45	262,302	20,577,591.90
0.23	EA	ELECTRONIC ARTS INC	2310194	143.28	139,735	20,021,230.80
0.22	KHC	KRAFT HEINZ CO/THE	BYRY499	29.48	639,313	18,846,947.24
0.22	CCEP	COCA-COLA EUROPA	BYQQ3P5	77.64	242,504	18,828,010.56
0.22	IDXX	IDEXX LABORATORIES INC	2459202	427.33	43,531	18,602,102.23
0.21	DXCM	DEXCOM INC	B0796X4	86.32	211,795	18,282,144.40
0.20	TTWO	TAKE-TWO INTERAC	2122117	185.14	92,635	17,150,443.90
0.19	MCHP	MICROCHIP TECHNOLOGY INC	2592174	58.51	283,257	16,573,367.07
0.19	ANSS	ANSYS INC	2045623	352.07	46,114	16,235,355.98
0.19	CSGP	COSTAR GROUP INC	2262864	74.16	216,467	16,053,192.72
0.18	ZS	ZSCALER INC	BZ00V34	191.81	79,924	15,330,222.44
0.16	CDW	CDW CORP/DE	BBM5MD6	191.59	70,690	13,543,497.10
0.15	WBD	WARNER BROS DISCOVERY INC	BM8JYX3	9.77	1,293,164	12,634,212.28
0.15	ON	ON SEMICONDUCTOR	2583576	55.61	226,038	12,569,973.18
0.14	GFS	GLOBALFOUNDRIES INC	BMW7F63	42.68	290,307	12,390,302.76
0.13	BIIB	BIOGEN INC	2455965	140.98	76,853	10,834,735.94
0.12	ARM	ARM HOLDINGS PLC-ADR	BNSP5P7	155.20	65,882	10,224,886.40
0.12	MDB	MONGODB INC	BF2FJ99	257.86	38,884	10,026,628.24
-1.03		OTHER PAYABLE & RECEIVABLES		1.00	-89,044,975	-89,044,975.33
-2.48		NDX US 02/21/25 C21450		52,220.00	-4,096	-213,893,120.00

Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 01/21/25

Return on Equity	22.10%
Weighted Avg. Market Cap	1,280,430 M
	2023	2024
Price-to-earnings	36.36	31.99
Price-to-book value	7.70	6.52

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 12/31/24

Versus	Beta
S&P 500	0.61
NASDAQ-100	0.51
MSCI EAFE	0.51
MSCI Emg. Mkts	0.38
Standard Deviation	13.00%

Source: new windowAltaVista Research, LLC

ETF Research

ETF Documents

Latest Premium / Discount As of 01/21/25

NAV	$18.44
Market Price	$18.46
Premium / (Discount)	$0.02

Current View 2025 Q1 As of 01/21/25

Days at Premium	8
Days at NAV	0
Days at Discount	4
Greatest Premium	0.13%
Greatest Discount	-0.05%

Daily Premium / Discount History As of 01/21/25

Hover over the chart points for details

View Chart Explanation

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How can the Fund trade at a premium/discount to its NAV?

The primary explanation is that timing discrepancies can arise between the NAV and the trading price of the Fund. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

What causes these time discrepancies?

Close of Trading Times. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.

Time of Last Trade. Trading of Global X funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade - from which the closing price is determined - may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to deviate from the closing price.

International Holdings. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales load. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three- year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

As of 12/31, QYLD was rated against the following numbers of Derivative Income funds over the following time periods: 77 during the last 3 years, 68 during the last 5 years, 37 during the last 10 years. With respect to these Derivative Income funds, QYLD received a Morningstar Rating of 3, 3, 4 stars, respectively. Past performance is not indicative of future results.

© 2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Investing involves risk, including the possible loss of principal. Concentration in a particular industry or sector will subject QYLD to loss due to adverse occurrences that may affect that industry or sector. Investors in QYLD should be willing to accept a high degree of volatility in the price of the fund’s shares and the possibility of significant losses.

QYLD 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. QYLD writes covered call index options on the Nasdaq 100 Index. 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. QYLD 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. Beginning October 15, 2020, 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. Prior to October 15, 2020, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times. 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 Nasdaq or Cboe, nor do these entities 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 these entities.