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 12/03/24

Inception Date 11/21/22
Gross Expense Ratio 0.65%
Net Expense Ratio* 0.60%
Net Assets $9.89 million
NAV $34.10
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 12/03/24

Ticker TYLG
Bloomberg Index Ticker BXLKH
CUSIP 37960A743
ISIN US37960A7431
Primary Exchange NYSE Arca
Shares Outstanding 290,000
Number of Holdings 71
30-Day Median Bid-Ask Spread 0.24%

Distributions As of 12/03/24

30-Day SEC Yield 0.24%
Unsubsidized 30-Day SEC Yield 0.19%
Trailing 12-Month Distribution (%) 12.82%
Distribution Rate 7.97%
Distribution Frequency Monthly

ETF Prices As of 12/03/24

NAV $34.10 Daily Change $0.09 0.26%
Market Price $34.10 Daily Change $0.15 0.44%

Performance History

As of recent
(09/30/24)
As of recent
(09/30/24)
Fund NAV Market Price Index
1 Year 30.41% 30.36% 31.82%
Since Inception 28.39% 28.38% 29.45%
1 Year 23.59% 23.49% 24.74%
Since Inception 28.28% 28.31% 29.42%
Year-to-Date 14.92% 15.00% 15.91%
1 Month 2.70% 2.83% 2.82%
3 Months 2.30% 2.18% 2.65%
Since Inception 59.18% 59.17% 61.64%
Year-to-Date 19.62% 19.76% 20.96%
1 Month 5.02% 4.99% 5.16%
3 Months 6.89% 7.09% 7.29%
Since Inception 65.68% 65.76% 68.67%

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 12/03/24

Technology Select Sector SPDR Fund (XLK) Price* 236.80
*Market Price as of 12/03/24

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short Technology Select Sector SPDR Call Option -$4,996,480 235 0.00% 12/20/2024 17

Top Holdings As of 12/03/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
54.24 XLK SPDR-TECH SEL S 2369709 236.80 22,651 5,363,756.80
7.00 AAPL APPLE INC 2046251 242.65 2,854 692,523.10
6.55 NVDA NVIDIA CORP 2379504 140.26 4,615 647,299.90
6.08 MSFT MICROSOFT CORP 2588173 431.20 1,395 601,524.00
1.96 AVGO BROADCOM INC BDZ78H9 168.15 1,152 193,708.80
1.59 CRM SALESFORCE INC 2310525 331.43 474 157,097.82
1.45 ORCL ORACLE CORP 2661568 182.89 782 143,019.98
1.19 CSCO CISCO SYSTEMS INC 2198163 59.48 1,970 117,175.60
1.14 AMD ADVANCED MICRO DEVICES 2007849 141.98 792 112,448.16
1.12 ADBE ADOBE INC 2008154 516.26 215 110,995.90
1.09 ACN ACCENTURE PLC-CL A B4BNMY3 352.54 305 107,524.70
1.06 NOW SERVICENOW INC B80NXX8 1,057.32 99 104,674.68
1.04 IBM IBM 2005973 229.00 449 102,821.00
0.89 QCOM QUALCOMM INC 2714923 162.58 543 88,280.94
0.89 TXN TEXAS INSTRUMENTS INC 2885409 197.23 446 87,964.58
0.89 INTU INTUIT INC 2459020 636.02 138 87,770.76
0.75 AMAT APPLIED MATERIALS INC 2046552 183.16 406 74,362.96
0.71 PLTR PALANTIR TECHN-A BN78DQ4 70.96 984 69,824.64
0.62 PANW PALO ALTO NETWORKS INC B87ZMX0 392.59 157 61,636.63
0.55 MU MICRON TECHNOLOGY INC 2588184 99.84 540 53,913.60
0.54 ADI ANALOG DEVICES INC 2032067 221.54 242 53,612.68
0.52 2512042D US ARISTA NETWORKS INC BL9XPM3 103.62 500 51,807.50
0.50 LRCX LAM RESEARCH CORP BSML4N7 78.34 636 49,824.24
0.47 INTC INTEL CORP 2463247 22.47 2,086 46,872.42
0.44 SNPS SYNOPSYS INC 2867719 570.19 77 43,904.63
0.44 KLAC KLA CORP 2480138 665.72 65 43,271.80
0.44 APH AMPHENOL CORP-CL A 2145084 73.13 588 43,000.44
0.43 CDNS CADENCE DESIGN SYS INC 2302232 313.25 135 42,288.75
0.41 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 497.76 82 40,816.32
0.40 CRWD CROWDSTRIKE HO-A BJJP138 349.95 113 39,544.35
0.32 ADSK AUTODESK INC 2065159 298.96 107 31,988.72
0.30 ROP ROPER TECHNOLOGIES INC 2749602 566.86 53 30,043.58
0.30 FTNT FORTINET INC B5B2106 95.29 309 29,444.61
0.28 NXPI NXP SEMICONDUCTORS NV B505PN7 228.36 123 28,088.28
0.26 FICO FAIR ISAAC CORP 2330299 2,345.32 11 25,798.52
0.23 TEL TE CONNECTIVITY PLC BRC3N84 151.84 148 22,472.32
0.19 CTSH COGNIZANT TECH-A 2257019 79.98 240 19,195.20
0.19 IT GARTNER INC 2372763 515.66 36 18,563.76
0.19 GLW CORNING INC 2224701 49.17 374 18,389.58
0.18 DELL DELL TECHNOLOGIES -C BHKD3S6 125.56 141 17,703.96
0.18 HPQ HP INC BYX4D52 36.79 477 17,548.83
0.17 MCHP MICROCHIP TECHNOLOGY INC 2592174 65.39 262 17,132.18
0.15 KEYS KEYSIGHT TECHNOLOGIES IN BQZJ0Q9 171.00 86 14,706.00
0.15 ON ON SEMICONDUCTOR 2583576 69.81 208 14,520.48
0.15 ANSS ANSYS INC 2045623 351.05 41 14,393.05
0.14 MPWR MONOLITHIC POWER B01Z7J1 582.85 24 13,988.40
0.14 TYL TYLER TECHNOLOGIES INC 2909644 622.85 22 13,702.70
0.14 HPE HEWLETT PACKA BYVYWS0 21.30 636 13,546.80
0.14 GDDY GODADDY INC - CLASS A BWFRFC6 198.36 68 13,488.48
0.12 NTAP NETAPP INC 2630643 124.67 98 12,217.66
0.12 PTC PTC INC B95N910 200.20 59 11,811.80
0.12 CDW CDW CORP/DE BBM5MD6 179.63 64 11,496.32
0.12 TDY TELEDYNE TECHNOLOGIES INC 2503477 478.52 24 11,484.48
0.11 WDC WESTERN DIGITAL CORP 2954699 71.69 156 11,183.64
0.11 FSLR FIRST SOLAR INC B1HMF22 207.51 52 10,790.52
0.11 ZBRA ZEBRA TECH CORP 2989356 406.40 26 10,566.40
0.10 STX SEAGATE TECHNOLO BKVD2N4 98.80 100 9,880.00
0.10 SMCI SUPER MICRO COMPUTER INC BRC3N73 40.21 242 9,730.82
0.09 TER TERADYNE INC 2884183 115.47 80 9,237.60
0.09 TRMB TRIMBLE INC 2903958 73.95 119 8,800.05
0.08 GEN GEN DIGITAL INC BJN4XN5 30.84 265 8,172.60
0.08 JBL JABIL INC 2471789 135.50 56 7,588.00
0.07 VRSN VERISIGN INC 2142922 187.99 38 7,143.62
0.07 AKAM AKAMAI TECHNOLOGIES INC 2507457 97.53 73 7,119.69
0.07 SWKS SKYWORKS SOLUTIONS INC 2961053 87.62 78 6,834.36
0.07 FFIV F5 INC 2427599 251.13 27 6,780.51
0.07 EPAM EPAM SYSTEMS INC B44Z3T8 240.51 27 6,493.77
0.06 CASH 1.00 5,947 5,947.35
0.06 JNPR JUNIPER NETWORKS INC 2431846 35.46 159 5,638.14
0.05 ENPH ENPHASE ENERGY INC B65SQW4 73.26 65 4,761.90
0.03 QRVO QORVO INC BR9YYP4 70.43 47 3,310.21
-0.02 OTHER PAYABLE & RECEIVABLES 1.00 -2,138 -2,137.55
-1.05 2XLK US 12/20/2024 C235 492.43 -211 -103,902.38
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 11/30/24

Industry Weight (%)
Software & Services 41.1
Semiconductors & Semiconductor Equipment 33.7
Technology Hardware & Equipment 24.3
Capital Goods 0.9

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 12/03/24

Return on Equity 23.10%
Weighted Avg. Market Cap 617,304 M
2023 2024
Price-to-earnings 39.06 33.70
Price-to-book value 8.49 7.17

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 11/30/24

Versus Beta
S&P 500 0.86
NASDAQ-100 0.78
MSCI EAFE 0.51
MSCI Emg. Mkts 0.49
Standard Deviation 12.30%

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.