QYLD

Nasdaq 100 Covered Call ETF

Morningstar Rating™ - Overall rating out of 77 Derivative Income funds, based on risk-adjusted returns as of 02/28/2025

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 04/02/25

Inception Date	12/11/13
Total Expense Ratio	0.60%
Net Assets	$8.43 billion
NAV	$16.79
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 04/01/25

Ticker	QYLD
Bloomberg Index Ticker	BXNT
CUSIP	37954Y483
ISIN	US37954Y4834
Primary Exchange	Nasdaq
Shares Outstanding	501,990,000
Number of Holdings	102
30-Day Median Bid-Ask Spread	0.06%

Distributions As of 04/02/25

30-Day SEC Yield	0.27%
Trailing 12-Month Distribution (%) ¹	14.06%
Distribution Rate ²	12.34%
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 04/02/25

NAV	$16.79	Daily Change	$0.07	0.42%
Market Price	$16.79	Daily Change	$0.07	0.42%

As of recent month & quarter-end (03/31/25) As of recent month & quarter-end (03/31/25)	Fund NAV	Market Price	Index
1 Year	5.29%	5.35%	7.05%
3 Years	4.65%	4.57%	5.70%
5 Years	9.86%	9.75%	10.73%
10 Years	7.88%	7.86%	8.95%
Since Inception	7.48%	7.47%	8.45%
1 Year	5.29%	5.35%	7.05%
3 Years	4.65%	4.57%	5.70%
5 Years	9.86%	9.75%	10.73%
10 Years	7.88%	7.86%	8.95%
Since Inception	7.48%	7.47%	8.45%
Year-to-Date	-5.98%	-6.03%	-4.78%
1 Month	-6.32%	-6.37%	-6.27%
3 Months	-5.98%	-6.03%	-4.78%
Since Inception	126.21%	125.86%	150.36%
Year-to-Date	-5.98%	-6.03%	-4.78%
1 Month	-6.32%	-6.37%	-6.27%
3 Months	-5.98%	-6.03%	-4.78%
Since Inception	126.21%	125.86%	150.36%

The Fund’s investment objective and investment strategies changed effective October 15, 2015. 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

19,581.78

Upside Cap Details

Option Positions	Notional Exposure	Strike	Upside Before Cap	Expiration Date	Calendar Days to Expiry
Short NASDAQ Call Option	-$8,584,652,352	19600	0.09%	04/17/2025	15

Net Assets (%)	Ticker	Name	SEDOL	Market Price ($)	Shares Held	Market Value ($)
9.52	AAPL	APPLE INC	2046251	223.89	3,583,170	802,235,931.30
8.04	MSFT	MICROSOFT CORP	2588173	382.14	1,773,204	677,612,176.56
7.62	NVDA	NVIDIA CORP	2379504	110.42	5,820,064	642,651,466.88
5.88	AMZN	AMAZON.COM INC	2000019	196.01	2,527,844	495,482,702.44
3.78	AVGO	BROADCOM INC	BDZ78H9	172.09	1,849,170	318,223,665.30
3.62	META	META PLATFORMS INC	B7TL820	583.93	522,347	305,014,083.71
2.98	COST	COSTCO WHOLESALE CORP	2701271	965.08	260,495	251,398,514.60
2.91	TSLA	TESLA INC	B616C79	282.76	866,961	245,141,892.36
2.79	NFLX	NETFLIX INC	2857817	935.52	251,024	234,837,972.48
2.59	GOOGL	ALPHABET INC-CL A	BYVY8G0	157.04	1,391,331	218,494,620.24
2.47	GOOG	ALPHABET INC-CL C	BYY88Y7	158.86	1,311,183	208,294,531.38
2.10	TMUS	T-MOBILE US INC	B94Q9V0	264.56	668,688	176,908,097.28
1.70	CSCO	CISCO SYSTEMS INC	2198163	61.41	2,334,619	143,368,952.79
1.55	LIN	LINDE PLC	BNZHB81	469.74	277,526	130,365,063.24
1.42	PEP	PEPSICO INC	2681511	149.12	804,848	120,018,933.76
1.37	PLTR	PALANTIR TECHN-A	BN78DQ4	87.45	1,319,768	115,413,711.60
1.26	ISRG	INTUITIVE SURGICAL INC	2871301	507.05	209,299	106,125,057.95
1.21	INTU	INTUIT INC	2459020	620.91	164,056	101,864,010.96
1.19	QCOM	QUALCOMM INC	2714923	154.08	649,044	100,004,699.52
1.16	AMD	ADVANCED MICRO DEVICES	2007849	102.96	950,959	97,910,738.64
1.16	ADBE	ADOBE INC	2008154	385.78	253,723	97,881,258.94
1.14	AMGN	AMGEN INC	2023607	305.70	315,250	96,371,925.00
1.13	TXN	TEXAS INSTRUMENTS INC	2885409	178.19	534,221	95,192,839.99
1.07	BKNG	BOOKING HOLDINGS INC	BDRXDB4	4,689.30	19,254	90,287,782.20
0.98	HON	HONEYWELL INTL	2020459	215.99	381,400	82,378,586.00
0.97	GILD	GILEAD SCIENCES INC	2369174	111.89	730,820	81,771,449.80
0.96	CMCSA	COMCAST CORP-CLASS A	2044545	36.61	2,213,306	81,029,132.66
0.87	ADP	AUTOMATIC DATA PROCESSING	2065308	307.23	238,769	73,356,999.87
0.86	VRTX	VERTEX PHARM	2931034	483.49	150,694	72,859,042.06
0.83	AMAT	APPLIED MATERIALS INC	2046552	147.75	474,403	70,093,043.25
0.80	PANW	PALO ALTO NETWORKS INC	B87ZMX0	173.18	388,548	67,288,742.64
0.79	SBUX	STARBUCKS CORP	2842255	99.41	666,587	66,265,413.67
0.69	ADI	ANALOG DEVICES INC	2032067	199.59	291,060	58,092,665.40
0.69	MELI	MERCADOLIBRE INC	B23X1H3	1,934.03	29,989	57,999,625.67
0.69	MU	MICRON TECHNOLOGY INC	2588184	88.60	653,839	57,930,135.40
0.66	INTC	INTEL CORP	2463247	21.98	2,541,013	55,851,465.74
0.66	LRCX	LAM RESEARCH CORP	BSML4N7	73.78	753,302	55,578,621.56
0.63	KLAC	KLA CORP	2480138	686.19	77,940	53,481,648.60
0.63	APP	APPLOVIN CORP-CLASS A	BMV3LG4	290.39	181,494	52,704,042.66
0.61	CRWD	CROWDSTRIKE HO-A	BJJP138	371.49	137,235	50,981,430.15
0.60	MDLZ	MONDELEZ INTER-A	B8CKK03	66.13	769,854	50,910,445.02
0.59	CTAS	CINTAS CORP	2197137	208.67	236,817	49,416,603.39
0.57	ORLY	O'REILLY AUTOMOTIVE INC	B65LWX6	1,417.01	33,878	48,005,464.78
0.55	PDD	PDD HOLDINGS INC	BYVW0F7	119.07	391,967	46,671,510.69
0.53	FTNT	FORTINET INC	B5B2106	98.08	451,264	44,259,973.12
0.52	DASH	DOORDASH INC - A	BN13P03	189.25	231,502	43,811,753.50
0.52	MSTR	MICROSTRATEGY INC-CL A	2974329	312.54	139,500	43,599,330.00
0.51	CDNS	CADENCE DESIGN SYS INC	2302232	264.94	160,855	42,616,923.70
0.47	SNPS	SYNOPSYS INC	2867719	438.55	90,739	39,793,588.45
0.47	REGN	REGENERON PHARMACEUTICALS	2730190	625.60	63,087	39,467,227.20
0.47	CEG	CONSTELLATION ENERGY	BMH4FS1	214.46	183,594	39,373,569.24
0.47	MAR	MARRIOTT INTL-A	2210614	242.56	161,787	39,243,054.72
0.46	PYPL	PAYPAL HOLDINGS INC	BYW36M8	67.15	578,460	38,843,589.00
0.44	ROP	ROPER TECHNOLOGIES INC	2749602	590.36	63,016	37,202,125.76
0.42	ASML	ASML HOLDING-NY	B908F01	669.01	53,000	35,457,530.00
0.40	MNST	MONSTER BEVERAGE CORP	BZ07BW4	59.36	571,084	33,899,546.24
0.40	ADSK	AUTODESK INC	2065159	267.93	126,174	33,805,799.82
0.40	AEP	AMERICAN ELECTRIC POWER	2026242	107.75	312,907	33,715,729.25
0.39	CSX	CSX CORP	2160753	29.74	1,110,372	33,022,463.28
0.39	PAYX	PAYCHEX INC	2674458	154.94	211,297	32,738,357.18
0.39	CPRT	COPART INC	2208073	57.47	566,938	32,581,926.86
0.38	MRVL	MARVELL TECHNOLOGY INC	BNKJSM5	63.23	507,790	32,107,561.70
0.37	CHTR	CHARTER COMMUN-A	BZ6VT82	379.27	82,540	31,304,945.80
0.36	ABNB	AIRBNB INC-CLASS A	BMGYYH4	122.80	249,368	30,622,390.40
0.36	PCAR	PACCAR INC	2665861	99.09	307,973	30,517,044.57
0.35	WDAY	WORKDAY INC-CLASS A	B8K6ZD1	235.39	125,587	29,561,923.93
0.34	NXPI	NXP SEMICONDUCTORS NV	B505PN7	193.67	148,834	28,824,680.78
0.33	KDP	KEURIG DR PEPPER INC	BD3W133	35.14	796,195	27,978,292.30
0.32	EXC	EXELON CORP	2670519	45.97	589,902	27,117,794.94
0.32	FANG	DIAMONDBACK ENERGY INC	B7Y8YR3	161.49	167,410	27,035,040.90
0.31	FAST	FASTENAL CO	2332262	78.01	336,525	26,252,315.25
0.31	BKR	BAKER HUGHES CO	BDHLTQ5	44.92	581,039	26,100,271.88
0.30	ROST	ROSS STORES INC	2746711	132.37	191,296	25,321,851.52
0.29	AXON	AXON ENTERPRISE INC	BDT5S35	558.42	44,100	24,626,322.00
0.29	VRSK	VERISK ANALYTICS INC	B4P9W92	299.71	81,952	24,561,833.92
0.28	AZN	ASTRAZENECA PLC-SPONS ADR	2989044	72.22	331,215	23,920,347.30
0.28	CCEP	COCA-COLA EUROPA	BYQQ3P5	87.41	270,498	23,644,230.18
0.28	XEL	XCEL ENERGY INC	2614807	70.90	331,154	23,478,818.60
0.26	CTSH	COGNIZANT TECH-A	2257019	76.73	285,888	21,936,186.24
0.26	TTWO	TAKE-TWO INTERAC	2122117	211.10	103,574	21,864,471.40
0.26	EA	ELECTRONIC ARTS INC	2310194	144.87	150,817	21,848,858.79
0.26	TEAM	ATLASSIAN CORP-CL A	BQ1PC76	223.96	96,238	21,553,462.48
0.25	GEHC	GE HEALTHCARE TECHNOLOGY	BL6JPG8	79.36	268,357	21,296,811.52
0.25	ODFL	OLD DOMINION FREIGHT LINE	2656423	170.10	124,726	21,215,892.60
0.25	KHC	KRAFT HEINZ CO/THE	BYRY499	30.13	695,825	20,965,207.25
0.24	IDXX	IDEXX LABORATORIES INC	2459202	426.25	47,215	20,125,393.75
0.23	LULU	LULULEMON ATHLETICA INC	B23FN39	282.75	67,061	18,961,497.75
0.23	DDOG	DATADOG INC - CLASS A	BKT9Y49	101.71	186,181	18,936,469.51
0.22	CSGP	COSTAR GROUP INC	2262864	79.92	236,244	18,880,620.48
0.22	ZS	ZSCALER INC	BZ00V34	207.04	88,639	18,351,818.56
0.19	ANSS	ANSYS INC	2045623	320.91	50,259	16,128,615.69
0.18	DXCM	DEXCOM INC	B0796X4	68.14	223,762	15,247,142.68
0.18	MCHP	MICROCHIP TECHNOLOGY INC	2592174	48.93	308,490	15,094,415.70
0.18	WBD	WARNER BROS DISCOVERY INC	BM8JYX3	10.56	1,409,214	14,881,299.84
0.17	TTD	TRADE DESK INC-A	BD8FDD1	56.30	258,252	14,539,587.60
0.16		CASH		1.00	13,233,318	13,233,318.18
0.15	CDW	CDW CORP/DE	BBM5MD6	164.47	77,413	12,732,116.11
0.14	GFS	GLOBALFOUNDRIES INC	BMW7F63	37.18	316,736	11,776,244.48
0.13	BIIB	BIOGEN INC	2455965	131.32	84,226	11,060,558.32
0.12	ON	ON SEMICONDUCTOR	2583576	40.76	244,706	9,974,216.56
0.09	MDB	MONGODB INC	BF2FJ99	180.19	42,669	7,688,527.11
0.09	ARM	ARM HOLDINGS PLC-ADR	BNSP5P7	108.14	69,311	7,495,291.54
-0.02		OTHER PAYABLE & RECEIVABLES		1.00	-1,813,164	-1,813,163.89
-2.08		NDX US 04/17/25 C19600		39,950.00	-4,384	-175,140,800.00

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

ETF Characteristics As of 04/02/25

Return on Equity	24.90%
Weighted Avg. Market Cap	1,156,800 M
	2024	2025
Price-to-earnings	29.98	25.06
Price-to-book value	6.97	5.65

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 03/31/25

Versus	Beta
S&P 500	0.61
NASDAQ-100	0.52
MSCI EAFE	0.47
MSCI Emg. Mkts	0.37
Standard Deviation	13.00%

Source: new windowAltaVista Research, LLC

ETF Research

ETF Documents

Latest Premium / Discount As of 04/02/25

NAV	$16.79
Market Price	$16.79
Premium / (Discount)	$0.00

Current View 2025 Q2 As of 04/02/25

Days at Premium	0
Days at NAV	0
Days at Discount	2
Greatest Premium	0.00%
Greatest Discount	-0.01%

Daily Premium / Discount History As of 04/02/25

Hover over the chart points for details

View Chart Explanation

Download Chart Data (.CSV)

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 2/28, QYLD was rated against the following numbers of Derivative Income funds over the following time periods: 77 during the last 3 years, 66 during the last 5 years, 36 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.