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QYLD

Nasdaq 100 Covered Call ETF

Morningstar Rating™ - Overall rating out of 77 Derivative Income funds, based on risk-adjusted returns as of 01/31/2025

 

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 02/11/25

Inception Date 12/11/13
Total Expense Ratio 0.61%
Net Assets $8.89 billion
NAV $18.67
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 02/10/25

Ticker QYLD
Bloomberg Index Ticker BXNT
CUSIP 37954Y483
ISIN US37954Y4834
Primary Exchange Nasdaq
Shares Outstanding 476,220,000
Number of Holdings 102
30-Day Median Bid-Ask Spread 0.05%

Distributions As of 02/11/25

30-Day SEC Yield 0.22%
Trailing 12-Month Distribution (%) 1 12.67%
Distribution Rate 2 13.11%
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 02/11/25

NAV $18.67 Daily Change -$0.01 -0.05%
Market Price $18.68 Daily Change $0.01 0.05%

Performance History

As of recent
(12/31/24)
As of recent
(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 19.12% 19.05% 21.14%
3 Years 8.67% 8.68% 9.70%
5 Years 7.77% 7.73% 8.74%
10 Years 8.97% 8.95% 10.03%
Since Inception 8.43% 8.41% 9.41%
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 2.46% 2.40% 3.65%
1 Month 2.46% 2.40% 3.65%
3 Months 6.87% 6.81% 8.20%
Since Inception 146.50% 146.12% 172.53%

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.

Options Details As of 02/10/25

Nasdaq 100 Price 21,756.73

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short NASDAQ Call Option -$9,061,679,878 21450 0.00% 02/21/2025 11

Top Holdings As of 02/11/25

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
8.96 AAPL APPLE INC 2046251 232.62 3,428,514 797,540,926.68
8.29 NVDA NVIDIA CORP 2379504 132.80 5,553,845 737,550,616.00
7.79 MSFT MICROSOFT CORP 2588173 411.44 1,685,560 693,506,806.40
6.24 AMZN AMAZON.COM INC 2000019 232.76 2,384,095 554,921,952.20
4.63 AVGO BROADCOM INC BDZ78H9 235.04 1,751,474 411,666,448.96
3.99 META META PLATFORMS INC B7TL820 719.80 493,408 355,155,078.40
3.03 TSLA TESLA INC B616C79 328.50 821,734 269,939,619.00
2.93 COST COSTCO WHOLESALE CORP 2701271 1,058.34 246,622 261,009,927.48
2.76 GOOGL ALPHABET INC-CL A BYVY8G0 185.32 1,323,958 245,355,896.56
2.70 NFLX NETFLIX INC 2857817 1,008.08 238,162 240,086,348.96
2.63 GOOG ALPHABET INC-CL C BYY88Y7 187.07 1,253,060 234,409,934.20
1.88 TMUS T-MOBILE US INC B94Q9V0 258.70 646,574 167,268,693.80
1.56 CSCO CISCO SYSTEMS INC 2198163 62.43 2,216,851 138,398,007.93
1.54 PLTR PALANTIR TECHN-A BN78DQ4 112.62 1,212,693 136,573,485.66
1.37 LIN LINDE PLC BNZHB81 460.74 265,453 122,304,815.22
1.32 ISRG INTUITIVE SURGICAL INC 2871301 591.65 197,791 117,023,045.15
1.26 ADBE ADOBE INC 2008154 458.82 244,564 112,210,854.48
1.25 PEP PEPSICO INC 2681511 145.64 763,054 111,131,184.56
1.19 QCOM QUALCOMM INC 2714923 171.99 617,507 106,205,028.93
1.13 AMD ADVANCED MICRO DEVICES 2007849 111.10 902,553 100,273,638.30
1.02 TXN TEXAS INSTRUMENTS INC 2885409 179.25 507,508 90,970,809.00
1.02 INTU INTUIT INC 2459020 585.88 155,184 90,919,201.92
1.00 BKNG BOOKING HOLDINGS INC BDRXDB4 4,897.32 18,181 89,038,174.92
0.99 AMGN AMGEN INC 2023607 296.66 298,019 88,410,316.54
0.94 AMAT APPLIED MATERIALS INC 2046552 183.20 458,197 83,941,690.40
0.84 HON HONEYWELL INTL 2020459 206.94 361,732 74,856,820.08
0.84 CMCSA COMCAST CORP-CLASS A 2044545 35.23 2,120,171 74,693,624.33
0.80 PANW PALO ALTO NETWORKS INC B87ZMX0 195.49 364,513 71,258,646.37
0.78 SBUX STARBUCKS CORP 2842255 111.03 627,914 69,717,291.42
0.78 ADP AUTOMATIC DATA PROCESSING 2065308 305.78 226,371 69,219,724.38
0.75 GILD GILEAD SCIENCES INC 2369174 96.14 691,817 66,511,286.38
0.73 VRTX VERTEX PHARM 2931034 455.22 142,701 64,960,349.22
0.70 APP APPLOVIN CORP-CLASS A BMV3LG4 375.25 164,712 61,808,178.00
0.67 LRCX LAM RESEARCH CORP BSML4N7 83.26 712,388 59,313,424.88
0.66 MELI MERCADOLIBRE INC B23X1H3 2,035.18 28,664 58,336,399.52
0.65 MU MICRON TECHNOLOGY INC 2588184 94.08 617,037 58,050,840.96
0.64 CRWD CROWDSTRIKE HO-A BJJP138 431.64 132,027 56,988,134.28
0.64 KLAC KLA CORP 2480138 758.62 74,661 56,639,327.82
0.63 ADI ANALOG DEVICES INC 2032067 203.46 275,379 56,028,611.34
0.62 CEG CONSTELLATION ENERGY BMH4FS1 313.58 176,321 55,290,739.18
0.59 MRVL MARVELL TECHNOLOGY INC BNKJSM5 109.12 479,590 52,332,860.80
0.56 INTC INTEL CORP 2463247 20.97 2,386,480 50,044,485.60
0.54 FTNT FORTINET INC B5B2106 108.33 440,326 47,700,515.58
0.53 CTAS CINTAS CORP 2197137 205.40 227,615 46,752,121.00
0.52 MDLZ MONDELEZ INTER-A B8CKK03 60.45 768,145 46,434,365.25
0.52 CDNS CADENCE DESIGN SYS INC 2302232 303.87 151,393 46,003,790.91
0.52 SNPS SYNOPSYS INC 2867719 529.14 86,783 45,920,356.62
0.52 MAR MARRIOTT INTL-A 2210614 288.00 159,149 45,834,912.00
0.51 PDD PDD HOLDINGS INC BYVW0F7 117.48 384,451 45,165,303.48
0.49 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,323.94 32,910 43,570,865.40
0.49 DASH DOORDASH INC - A BN13P03 193.09 224,404 43,330,168.36
0.48 PYPL PAYPAL HOLDINGS INC BYW36M8 76.21 555,146 42,307,676.66
0.46 REGN REGENERON PHARMACEUTICALS 2730190 665.46 61,660 41,032,263.60
0.45 MSTR MICROSTRATEGY INC-CL A 2974329 319.46 126,146 40,298,601.16
0.43 ASML ASML HOLDING-NY B908F01 752.98 50,820 38,266,443.60
0.42 ADSK AUTODESK INC 2065159 299.72 124,446 37,298,955.12
0.41 CSX CSX CORP 2160753 33.11 1,110,739 36,776,568.29
0.40 ROP ROPER TECHNOLOGIES INC 2749602 581.35 61,409 35,700,122.15
0.37 CPRT COPART INC 2208073 59.23 554,888 32,866,016.24
0.36 WDAY WORKDAY INC-CLASS A B8K6ZD1 263.00 121,966 32,077,058.00
0.36 ABNB AIRBNB INC-CLASS A BMGYYH4 134.52 237,592 31,960,875.84
0.36 PCAR PACCAR INC 2665861 105.76 302,019 31,941,529.44
0.35 AEP AMERICAN ELECTRIC POWER 2026242 101.88 307,151 31,292,543.88
0.35 TTD TRADE DESK INC-A BD8FDD1 120.21 258,736 31,102,654.56
0.35 NXPI NXP SEMICONDUCTORS NV B505PN7 210.97 146,600 30,928,202.00
0.34 PAYX PAYCHEX INC 2674458 146.10 207,423 30,304,500.30
0.33 AXON AXON ENTERPRISE INC BDT5S35 669.26 44,219 29,594,007.94
0.33 TEAM ATLASSIAN CORP-CL A BQ1PC76 315.00 93,673 29,506,995.00
0.31 CHTR CHARTER COMMUN-A BZ6VT82 350.92 77,750 27,284,030.00
0.30 DDOG DATADOG INC - CLASS A BKT9Y49 145.42 181,527 26,397,656.34
0.29 FANG DIAMONDBACK ENERGY INC B7Y8YR3 162.01 158,545 25,685,875.45
0.29 ROST ROSS STORES INC 2746711 141.27 180,290 25,469,568.30
0.29 MNST MONSTER BEVERAGE CORP BZ07BW4 48.06 528,648 25,406,822.88
0.28 BKR BAKER HUGHES CO BDHLTQ5 47.11 536,665 25,282,288.15
0.28 LULU LULULEMON ATHLETICA INC B23FN39 397.63 62,930 25,022,855.90
0.27 ODFL OLD DOMINION FREIGHT LINE 2656423 205.77 115,475 23,761,290.75
0.26 CTSH COGNIZANT TECH-A 2257019 87.87 267,624 23,516,120.88
0.26 KDP KEURIG DR PEPPER INC BD3W133 31.56 732,274 23,110,567.44
0.26 FAST FASTENAL CO 2332262 74.33 309,553 23,009,074.49
0.26 EXC EXELON CORP 2670519 42.36 539,925 22,871,223.00
0.26 AZN ASTRAZENECA PLC-SPONS ADR 2989044 72.73 314,381 22,864,930.13
0.26 VRSK VERISK ANALYTICS INC B4P9W92 294.30 77,373 22,770,873.90
0.25 XEL XCEL ENERGY INC 2614807 67.19 333,384 22,400,070.96
0.24 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 87.03 245,686 21,382,052.58
0.23 IDXX IDEXX LABORATORIES INC 2459202 463.74 44,418 20,598,403.32
0.23 CCEP COCA-COLA EUROPA BYQQ3P5 81.53 246,939 20,132,936.67
0.22 TTWO TAKE-TWO INTERAC 2122117 209.94 94,409 19,820,225.46
0.22 KHC KRAFT HEINZ CO/THE BYRY499 29.58 651,731 19,278,202.98
0.21 EA ELECTRONIC ARTS INC 2310194 133.35 142,396 18,988,506.60
0.21 DXCM DEXCOM INC B0796X4 86.38 216,230 18,677,947.40
0.19 ZS ZSCALER INC BZ00V34 209.24 81,698 17,094,489.52
0.19 CSGP COSTAR GROUP INC 2262864 76.00 220,902 16,788,552.00
0.18 ANSS ANSYS INC 2045623 341.43 47,001 16,047,551.43
0.17 MCHP MICROCHIP TECHNOLOGY INC 2592174 52.58 288,579 15,173,483.82
0.16 CDW CDW CORP/DE BBM5MD6 191.74 72,464 13,894,247.36
0.15 WBD WARNER BROS DISCOVERY INC BM8JYX3 9.85 1,318,887 12,991,036.95
0.13 GFS GLOBALFOUNDRIES INC BMW7F63 40.10 295,629 11,854,722.90
0.13 MDB MONGODB INC BF2FJ99 286.12 39,771 11,379,278.52
0.12 ON ON SEMICONDUCTOR 2583576 47.93 230,473 11,046,570.89
0.12 BIIB BIOGEN INC 2455965 139.39 78,627 10,959,817.53
0.12 ARM ARM HOLDINGS PLC-ADR BNSP5P7 157.74 66,769 10,532,142.06
0.06 CASH 1.00 5,534,979 5,534,978.53
0.01 OTHER PAYABLE & RECEIVABLES 1.00 469,355 469,354.88
-1.85 NDX US 02/21/25 C21450 39,510.00 -4,175 -164,954,250.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 02/10/25

Return on Equity 26.00%
Weighted Avg. Market Cap 1,413,470 M
2024 2025
Price-to-earnings 32.84 27.09
Price-to-book value 7.86 6.40

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 01/31/25

Versus Beta
S&P 500 0.59
NASDAQ-100 0.51
MSCI EAFE 0.48
MSCI Emg. Mkts 0.38
Standard Deviation 12.50%

Source: new windowAltaVista Research, LLC

ETF Research

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ETF Documents

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 1/31, 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.