QYLG


Nasdaq 100 Covered Call & Growth ETF

Reasons to Consider QYLG

High Income Potential

QYLG seeks to generate income by writing covered calls on the underlying index.

Upside Potential

By writing calls on 50% of the portfolio, the strategy allows investors to capture half the upside potential of the underlying index.

Monthly Distributions

QYLG has made monthly distributions 3 years running.

Key Information As of 01/07/25

Inception Date 09/18/20
Total Expense Ratio 0.35%
Net Assets $93.82 million
NAV $28.26
Fact Sheet View the document

ETF Summary

The Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) 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 approximately 50% of the value of the portfolio of stocks in the same index.

ETF Objective

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

Trading Details As of 01/06/25

Ticker QYLG
Bloomberg Index Ticker BXNH
CUSIP 37954Y269
ISIN US37954Y2697
Primary Exchange Nasdaq
Shares Outstanding 3,320,000
Number of Holdings 102
30-Day Median Bid-Ask Spread 0.35%

Distributions As of 01/07/25

30-Day SEC Yield 0.56%
Trailing 12-Month Distribution (%) 23.25%
Distribution Rate 7.32%
Distribution Frequency Monthly

ETF Prices As of 01/07/25

NAV $28.26 Daily Change -$0.37 -1.29%
Market Price $28.31 Daily Change -$0.37 -1.29%

Performance History

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 22.31% 22.22% 23.02%
3 Years 7.61% 7.61% 8.24%
Since Inception 13.16% 13.19% 13.82%
1 Year 22.31% 22.22% 23.02%
3 Years 7.61% 7.61% 8.24%
Since Inception 13.16% 13.19% 13.82%
Year-to-Date 22.31% 22.22% 23.02%
1 Month 1.14% 1.36% 1.16%
3 Months 4.91% 4.88% 5.01%
Since Inception 69.94% 70.08% 74.17%
Year-to-Date 22.31% 22.22% 23.02%
1 Month 1.14% 1.36% 1.16%
3 Months 4.91% 4.88% 5.01%
Since Inception 69.94% 70.08% 74.17%

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 01/06/25

Nasdaq 100 Price 21,559.50

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short NASDAQ Call Option -$47,430,900 21275 0.00% 01/17/2025 11

Top Holdings As of 01/07/25

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
9.44 AAPL APPLE INC 2046251 242.21 36,001 8,719,802.21
8.85 NVDA NVIDIA CORP 2379504 140.14 58,326 8,173,805.64
8.09 MSFT MICROSOFT CORP 2588173 422.37 17,708 7,479,327.96
6.02 AMZN AMAZON.COM INC 2000019 222.11 25,033 5,560,079.63
4.55 AVGO BROADCOM INC BDZ78H9 228.64 18,387 4,204,003.68
3.70 TSLA TESLA INC B616C79 394.36 8,672 3,419,889.92
3.49 META META PLATFORMS INC B7TL820 617.89 5,212 3,220,442.68
2.96 GOOGL ALPHABET INC-CL A BYVY8G0 195.49 13,968 2,730,604.32
2.82 GOOG ALPHABET INC-CL C BYY88Y7 196.71 13,232 2,602,866.72
2.60 COST COSTCO WHOLESALE CORP 2701271 921.37 2,606 2,401,090.22
2.39 NFLX NETFLIX INC 2857817 879.19 2,512 2,208,525.28
1.57 TMUS T-MOBILE US INC B94Q9V0 212.34 6,820 1,448,124.70
1.49 CSCO CISCO SYSTEMS INC 2198163 58.93 23,405 1,379,256.65
1.31 AMD ADVANCED MICRO DEVICES 2007849 127.33 9,536 1,214,218.88
1.27 PEP PEPSICO INC 2681511 145.40 8,060 1,171,924.00
1.26 LIN LINDE PLC BNZHB81 414.95 2,795 1,159,785.25
1.21 ISRG INTUITIVE SURGICAL INC 2871301 531.88 2,094 1,113,756.72
1.18 ADBE ADOBE INC 2008154 422.63 2,586 1,092,921.18
1.13 QCOM QUALCOMM INC 2714923 160.52 6,525 1,047,393.00
1.12 TXN TEXAS INSTRUMENTS INC 2885409 192.21 5,360 1,030,245.60
1.10 INTU INTUIT INC 2459020 615.43 1,644 1,011,766.92
1.00 BKNG BOOKING HOLDINGS INC BDRXDB4 4,796.10 192 920,851.20
0.97 PLTR PALANTIR TECHN-A BN78DQ4 69.99 12,809 896,501.91
0.93 AMAT APPLIED MATERIALS INC 2046552 177.82 4,838 860,293.16
0.91 HON HONEYWELL INTL 2020459 220.63 3,816 841,924.08
0.89 AMGN AMGEN INC 2023607 262.06 3,154 826,537.24
0.89 CMCSA COMCAST CORP-CLASS A 2044545 36.87 22,407 826,146.09
0.75 ADP AUTOMATIC DATA PROCESSING 2065308 288.40 2,392 689,852.80
0.73 PANW PALO ALTO NETWORKS INC B87ZMX0 175.51 3,849 675,537.99
0.72 MU MICRON TECHNOLOGY INC 2588184 101.91 6,532 665,676.12
0.72 GILD GILEAD SCIENCES INC 2369174 90.63 7,314 662,867.82
0.68 ADI ANALOG DEVICES INC 2032067 215.87 2,910 628,181.70
0.67 SBUX STARBUCKS CORP 2842255 92.84 6,651 617,478.84
0.67 VRTX VERTEX PHARM 2931034 408.32 1,508 615,746.56
0.64 MRVL MARVELL TECHNOLOGY INC BNKJSM5 116.23 5,076 589,983.48
0.63 LRCX LAM RESEARCH CORP BSML4N7 77.52 7,543 584,733.36
0.63 APP APPLOVIN CORP-CLASS A BMV3LG4 330.01 1,753 578,498.77
0.59 KLAC KLA CORP 2480138 689.30 786 541,789.80
0.57 MELI MERCADOLIBRE INC B23X1H3 1,771.22 297 526,052.34
0.56 PYPL PAYPAL HOLDINGS INC BYW36M8 87.97 5,875 516,823.75
0.55 INTC INTEL CORP 2463247 20.01 25,272 505,692.72
0.53 CRWD CROWDSTRIKE HO-A BJJP138 359.93 1,371 493,464.03
0.52 CDNS CADENCE DESIGN SYS INC 2302232 301.67 1,606 484,482.02
0.51 CEG CONSTELLATION ENERGY BMH4FS1 255.63 1,829 467,547.27
0.50 REGN REGENERON PHARMACEUTICALS 2730190 730.30 633 462,279.90
0.49 MDLZ MONDELEZ INTER-A B8CKK03 58.29 7,833 456,585.57
0.48 CTAS CINTAS CORP 2197137 188.72 2,363 445,945.36
0.48 MAR MARRIOTT INTL-A 2210614 269.78 1,628 439,201.84
0.47 SNPS SYNOPSYS INC 2867719 487.62 898 437,882.76
0.47 FTNT FORTINET INC B5B2106 95.93 4,486 430,341.98
0.44 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,199.72 338 405,505.36
0.43 PDD PDD HOLDINGS INC BYVW0F7 100.62 3,908 393,222.96
0.42 ASML ASML HOLDING-NY B908F01 757.58 517 391,668.86
0.42 DASH DOORDASH INC - A BN13P03 170.00 2,276 386,920.00
0.40 MSTR MICROSTRATEGY INC-CL A 2974329 341.43 1,072 366,007.60
0.40 ADSK AUTODESK INC 2065159 290.82 1,257 365,560.74
0.39 CSX CSX CORP 2160753 32.19 11,278 363,038.82
0.36 PCAR PACCAR INC 2665861 109.56 3,066 335,910.96
0.36 ABNB AIRBNB INC-CLASS A BMGYYH4 131.29 2,529 332,032.41
0.35 TTD TRADE DESK INC-A BD8FDD1 121.41 2,628 319,065.48
0.34 ROP ROPER TECHNOLOGIES INC 2749602 507.10 626 317,444.60
0.34 CPRT COPART INC 2208073 56.24 5,633 316,799.92
0.34 NXPI NXP SEMICONDUCTORS NV B505PN7 212.58 1,483 315,256.14
0.34 WDAY WORKDAY INC-CLASS A B8K6ZD1 249.68 1,244 310,601.92
0.32 FANG DIAMONDBACK ENERGY INC B7Y8YR3 172.42 1,705 293,976.10
0.32 ROST ROSS STORES INC 2746711 151.56 1,937 293,571.72
0.32 PAYX PAYCHEX INC 2674458 139.26 2,104 293,003.04
0.32 MNST MONSTER BEVERAGE CORP BZ07BW4 51.55 5,682 292,907.10
0.31 CHTR CHARTER COMMUN-A BZ6VT82 347.63 828 287,837.64
0.30 AEP AMERICAN ELECTRIC POWER 2026242 90.47 3,107 281,090.29
0.29 LULU LULULEMON ATHLETICA INC B23FN39 393.46 687 270,307.02
0.28 DDOG DATADOG INC - CLASS A BKT9Y49 141.40 1,826 258,196.40
0.27 AXON AXON ENTERPRISE INC BDT5S35 562.03 447 251,227.41
0.27 BKR BAKER HUGHES CO BDHLTQ5 43.40 5,766 250,244.40
0.26 KDP KEURIG DR PEPPER INC BD3W133 30.68 7,914 242,801.52
0.26 FAST FASTENAL CO 2332262 72.31 3,341 241,587.71
0.25 TEAM ATLASSIAN CORP-CL A BQ1PC76 247.85 941 233,226.85
0.25 AZN ASTRAZENECA PLC-SPONS ADR 2989044 66.64 3,395 226,242.80
0.24 ODFL OLD DOMINION FREIGHT LINE 2656423 180.64 1,243 224,535.52
0.24 VRSK VERISK ANALYTICS INC B4P9W92 273.52 820 224,286.40
0.24 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 83.37 2,661 221,847.57
0.24 EA ELECTRONIC ARTS INC 2310194 144.67 1,527 220,911.09
0.24 XEL XCEL ENERGY INC 2614807 65.64 3,347 219,697.08
0.24 EXC EXELON CORP 2670519 37.53 5,852 219,625.56
0.24 CTSH COGNIZANT TECH-A 2257019 75.62 2,889 218,466.18
0.23 KHC KRAFT HEINZ CO/THE BYRY499 29.77 7,040 209,580.80
0.22 IDXX IDEXX LABORATORIES INC 2459202 427.26 479 204,657.54
0.22 CCEP COCA-COLA EUROPA BYQQ3P5 75.84 2,681 203,327.04
0.20 TTWO TAKE-TWO INTERAC 2122117 181.75 1,022 185,748.50
0.20 DXCM DEXCOM INC B0796X4 79.35 2,270 180,124.50
0.19 MCHP MICROCHIP TECHNOLOGY INC 2592174 57.47 3,119 179,248.93
0.18 ANSS ANSYS INC 2045623 335.86 506 169,945.16
0.18 CSGP COSTAR GROUP INC 2262864 70.36 2,382 167,597.52
0.18 ZS ZSCALER INC BZ00V34 183.90 889 163,487.10
0.17 ON ON SEMICONDUCTOR 2583576 62.73 2,469 154,880.37
0.16 WBD WARNER BROS DISCOVERY INC BM8JYX3 10.51 14,218 149,431.18
0.15 CDW CDW CORP/DE BBM5MD6 180.98 773 139,897.54
0.15 GFS GLOBALFOUNDRIES INC BMW7F63 43.54 3,199 139,284.46
0.14 BIIB BIOGEN INC 2455965 153.15 840 128,646.00
0.12 ARM ARM HOLDINGS PLC-ADR BNSP5P7 144.38 737 106,408.06
0.11 MDB MONGODB INC BF2FJ99 245.96 427 105,024.92
0.04 CASH 1.00 38,796 38,795.79
0.04 OTHER PAYABLE & RECEIVABLES 1.00 33,275 33,274.77
-0.56 NDX US 01/17/25 C21275 23,300.00 -22 -512,600.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 12/31/24

Sector Weight (%)
Information Technology 51.6
Communication Services 14.8
Consumer Discretionary 14.7
Consumer Staples 5.5
Health Care 5.0
Industrials 4.8
Materials 1.3
Utilities 1.2
Energy 0.6
Financials 0.6

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Semiconductors & Semiconductor Equipment 22.3
Software & Services 17.9
Media & Entertainment 13.2
Technology Hardware & Equipment 11.4
Consumer Discretionary Distribution & Retail 7.7
Automobiles & Components 3.8
Pharmaceuticals, Biotechnology & Life Sciences 3.2
Consumer Services 3.0
Food, Beverage & Tobacco 2.9
Consumer Staples Distribution & Retail 2.6
Commercial & Professional Services 2.3
Other 9.7

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 01/06/25

Return on Equity 22.00%
Weighted Avg. Market Cap 1,473,560 M
2023 2024
Price-to-earnings 31.22 27.49
Price-to-book value 6.59 5.58

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 12/31/24

Versus Beta
S&P 500 0.94
NASDAQ-100 0.76
MSCI EAFE 0.80
MSCI Emg. Mkts 0.64
Standard Deviation 19.20%

Source: new windowAltaVista Research, LLC

ETF Research

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

QYLG 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. QYLG 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. QYLG 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.

Since the Fund’s shares did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in Shares, the NAV of the Fund is used to calculate market returns.

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.