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 07/26/24

Inception Date 11/21/22
Gross Expense Ratio 0.65%
Net Expense Ratio* 0.60%
Net Assets $9.16 million
NAV $31.59
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 07/25/24

Ticker TYLG
Bloomberg Index Ticker BXLKH
CUSIP 37960A743
ISIN US37960A7431
Primary Exchange NYSE Arca
Shares Outstanding 290,000
Number of Holdings 69
30-Day Median Bid-Ask Spread 0.46%

Distributions As of 07/26/24

30-Day SEC Yield 0.22%
Unsubsidized 30-Day SEC Yield 0.17%
12-Month Trailing Yield 12.46%
Distribution Yield 7.25%
Distribution Frequency Monthly

ETF Prices As of 07/26/24

NAV $31.59 Daily Change $0.37 1.19%
Market Price $31.58 Daily Change $0.32 1.02%

Performance History

As of recent month & quarter-end (06/30/24)
As of recent month & quarter-end (06/30/24)
Fund NAV Market Price Index
1 Year 21.94% 21.99% 23.64%
Since Inception 31.65% 31.73% 32.62%
1 Year 21.94% 21.99% 23.64%
Since Inception 31.65% 31.73% 32.62%
Year-to-Date 12.34% 12.55% 12.92%
1 Month 5.38% 5.64% 5.47%
3 Months 4.66% 4.66% 4.89%
Since Inception 55.61% 55.78% 57.46%
Year-to-Date 12.34% 12.55% 12.92%
1 Month 5.38% 5.64% 5.47%
3 Months 4.66% 4.66% 4.89%
Since Inception 55.61% 55.78% 57.46%

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 07/25/24

Technology Select Sector SPDR Fund (XLK) Price* 213.57
*Market Price as of 07/25/24

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short Technology Select Sector SPDR Call Option -$4,549,041 225 5.35% 08/16/2024 22

Top Holdings As of 07/26/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
54.28 XLK SPDR-TECH SEL S 2369709 216.28 22,990 4,972,277.20
10.22 MSFT MICROSOFT CORP 2588173 425.27 2,202 936,444.54
8.98 NVDA NVIDIA CORP 2379504 113.06 7,278 822,850.68
2.24 AAPL APPLE INC 2046251 217.96 941 205,100.36
1.93 AVGO BROADCOM INC BDZ78H9 151.63 1,168 177,103.84
1.27 CRM SALESFORCE INC 2310525 262.71 442 116,117.82
1.21 ADBE ADOBE INC 2008154 542.44 204 110,657.76
1.11 AMD ADVANCED MICRO DEVICES 2007849 139.99 728 101,912.72
1.09 ORCL ORACLE CORP 2661568 139.01 721 100,226.21
1.01 ACN ACCENTURE PLC-CL A B4BNMY3 328.46 281 92,297.26
1.00 QCOM QUALCOMM INC 2714923 180.05 507 91,285.35
0.96 CSCO CISCO SYSTEMS INC 2198163 47.88 1,831 87,668.28
0.91 TXN TEXAS INSTRUMENTS INC 2885409 201.99 414 83,623.86
0.87 IBM IBM 2005973 191.75 416 79,768.00
0.86 INTU INTUIT INC 2459020 633.36 125 79,170.00
0.85 AMAT APPLIED MATERIALS INC 2046552 206.47 379 78,252.13
0.83 NOW SERVICENOW INC B80NXX8 827.61 92 76,140.12
0.66 INTC INTEL CORP 2463247 31.35 1,923 60,286.05
0.60 MU MICRON TECHNOLOGY INC 2588184 109.41 503 55,033.23
0.58 LRCX LAM RESEARCH CORP 2502247 894.64 59 52,783.76
0.55 ADI ANALOG DEVICES INC 2032067 226.43 221 50,041.03
0.52 PANW PALO ALTO NETWORKS INC B87ZMX0 326.81 147 48,041.07
0.52 KLAC KLA CORP 2480138 787.39 61 48,030.79
0.40 ANET ARISTA NETWORKS INC BN33VM5 319.21 116 37,028.36
0.40 SNPS SYNOPSYS INC 2867719 546.38 67 36,607.46
0.38 APH AMPHENOL CORP-CL A 2145084 63.86 542 34,612.12
0.34 CDNS CADENCE DESIGN SYS INC 2302232 258.79 121 31,313.59
0.34 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 393.71 79 31,103.09
0.32 NXPI NXP SEMICONDUCTORS NV B505PN7 253.62 117 29,673.54
0.31 ROP ROPER TECHNOLOGIES INC 2749602 548.53 51 27,975.03
0.28 CRWD CROWDSTRIKE HO-A BJJP138 256.16 101 25,872.16
0.25 ADSK AUTODESK INC 2065159 240.86 94 22,640.84
0.24 TEL TE CONNECTIVITY LTD B62B7C3 156.38 140 21,893.20
0.23 MCHP MICROCHIP TECHNOLOGY INC 2592174 86.83 243 21,099.69
0.22 MPWR MONOLITHIC POWER B01Z7J1 821.78 24 19,722.72
0.19 SMCI SUPER MICRO COMPUTER INC B1VQR35 712.19 25 17,804.75
0.18 CTSH COGNIZANT TECH-A 2257019 74.57 223 16,629.11
0.18 FICO FAIR ISAAC CORP 2330299 1,605.94 10 16,059.40
0.18 FTNT FORTINET INC B5B2106 57.00 281 16,017.00
0.18 IT GARTNER INC 2372763 470.92 34 16,011.28
0.16 GLW CORNING INC 2224701 42.85 350 14,997.50
0.15 HPQ HP INC BYX4D52 36.34 389 14,136.26
0.15 CDW CDW CORP/DE BBM5MD6 229.74 60 13,784.40
0.15 ON ON SEMICONDUCTOR 2583576 70.17 191 13,402.47
0.14 TYL TYLER TECHNOLOGIES INC 2909644 590.65 22 12,994.30
0.14 CASH 1.00 12,419 12,419.44
0.13 ANSS ANSYS INC 2045623 312.26 38 11,865.88
0.13 FSLR FIRST SOLAR INC B1HMF22 226.74 52 11,790.48
0.13 HPE HEWLETT PACKA BYVYWS0 19.76 589 11,638.64
0.13 NTAP NETAPP INC 2630643 126.15 92 11,605.80
0.12 KEYS KEYSIGHT TECHNOLOGIES IN BQZJ0Q9 138.40 82 11,348.80
0.11 WDC WESTERN DIGITAL CORP 2954699 68.26 142 9,692.92
0.10 PTC PTC INC B95N910 173.80 55 9,559.00
0.10 TDY TELEDYNE TECHNOLOGIES INC 2503477 421.56 22 9,274.32
0.10 GDDY GODADDY INC - CLASS A BWFRFC6 143.65 63 9,049.95
0.10 STX SEAGATE TECHNOLO BKVD2N4 103.68 85 8,812.80
0.09 TER TERADYNE INC 2884183 126.46 68 8,599.28
0.09 ZBRA ZEBRA TECH CORP 2989356 325.98 26 8,475.48
0.09 SWKS SKYWORKS SOLUTIONS INC 2961053 116.18 69 8,016.42
0.08 VRSN VERISIGN INC 2142922 184.10 38 6,995.80
0.08 ENPH ENPHASE ENERGY INC B65SQW4 119.34 58 6,921.72
0.07 JBL JABIL INC 2471789 110.38 56 6,181.28
0.07 TRMB TRIMBLE INC 2903958 55.36 111 6,144.96
0.07 GEN GEN DIGITAL INC BJN4XN5 26.09 231 6,026.79
0.07 AKAM AKAMAI TECHNOLOGIES INC 2507457 96.97 61 5,915.17
0.06 EPAM EPAM SYSTEMS INC B44Z3T8 211.05 27 5,698.35
0.06 JNPR JUNIPER NETWORKS INC 2431846 37.25 140 5,215.00
0.06 QRVO QORVO INC BR9YYP4 122.01 41 5,002.41
0.05 FFIV F5 INC 2427599 177.34 27 4,788.18
-0.03 OTHER PAYABLE & RECEIVABLES 1.00 -3,020 -3,019.52
-0.59 2XLK US 08/16/2024 C225 253.50 -213 -53,995.51
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 06/30/24

Industry Weight (%)
Technology 51.2
Semiconductors 42.9
Communications 3.1
Electrical Equipment 2.8

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 07/25/24

Return on Equity 23.50%
Weighted Avg. Market Cap 577,709 M
2023 2024
Price-to-earnings 37.71 31.08
Price-to-book value 8.02 6.70

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 06/30/24

Versus Beta
S&P 500 0.86
NASDAQ-100 0.77
MSCI EAFE 0.59
MSCI Emg. Mkts 0.58
Standard Deviation 13.60%

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 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.