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QYLD

Nasdaq 100 Covered Call ETF

Morningstar Rating™ - Overall rating out of 73 Derivative Income funds, based on risk-adjusted returns as of 04/30/2024

 

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 10 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 05/13/24

Inception Date 12/11/13
Total Expense Ratio 0.61%
Net Assets $8.14 billion
NAV $17.64
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 05/10/24

Ticker QYLD
Bloomberg Index Ticker BXNT
CUSIP 37954Y483
ISIN US37954Y4834
Primary Exchange Nasdaq
Shares Outstanding 461,390,000
Number of Holdings 102
30-Day Median Bid-Ask Spread 0.06%

Distributions As of 05/13/24

30-Day SEC Yield 0.30%
12-Month Trailing Yield 12.35%
Distribution Yield 11.50%
Distribution Frequency Monthly

ETF Prices As of 05/13/24

NAV $17.64 Daily Change $0.01 0.06%
Market Price $17.65 Daily Change $0.00 0.00%

Performance History

As of recent
(03/31/24)
As of recent
(03/31/24)
Fund NAV Market Price Index
1 Year 17.60% 17.60% 18.42%
3 Years 4.67% 4.60% 5.26%
5 Years 7.36% 7.29% 8.14%
10 Years 7.63% 7.59% 8.52%
Since Inception 7.70% 7.68% 8.59%
1 Year 13.05% 13.38% 13.87%
3 Years 3.60% 3.59% 4.19%
5 Years 6.56% 6.56% 7.33%
10 Years 7.43% 7.43% 8.33%
Since Inception 7.42% 7.43% 8.31%
Year-to-Date 6.38% 6.45% 6.71%
1 Month 1.40% 1.29% 1.42%
3 Months 6.38% 6.45% 6.71%
Since Inception 114.84% 114.40% 133.88%
Year-to-Date 4.21% 4.51% 4.59%
1 Month -2.04% -1.82% -1.99%
3 Months 1.70% 1.82% 1.89%
Since Inception 110.45% 110.50% 129.22%

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 05/13/24

Nasdaq 100 Price 18,198.60

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short NASDAQ Call Option -$8,580,646,171 17250 0.00% 05/17/2024 4

Top Holdings As of 05/13/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
9.11 MSFT MICROSOFT CORP 2588173 413.72 1,792,363 741,536,420.36
8.52 AAPL APPLE INC 2046251 186.28 3,724,851 693,865,244.28
6.70 NVDA NVIDIA CORP 2379504 903.99 602,986 545,093,314.14
5.74 AMZN AMAZON.COM INC 2000019 186.57 2,505,369 467,426,694.33
4.85 META META PLATFORMS INC B7TL820 468.01 844,088 395,041,624.88
4.74 AVGO BROADCOM INC BDZ78H9 1,337.51 288,584 385,983,985.84
2.95 GOOGL ALPHABET INC-CL A BYVY8G0 169.14 1,421,540 240,439,275.60
2.87 GOOG ALPHABET INC-CL C BYY88Y7 170.90 1,368,074 233,803,846.60
2.63 COST COSTCO WHOLESALE CORP 2701271 775.15 276,451 214,290,992.65
2.46 TSLA TESLA INC B616C79 171.89 1,162,689 199,854,612.21
2.04 NFLX NETFLIX INC 2857817 616.59 269,693 166,290,006.87
1.90 PEP PEPSICO INC 2681511 180.90 856,507 154,942,116.30
1.86 AMD ADVANCED MICRO DEVICES 2007849 150.56 1,006,742 151,575,075.52
1.67 ADBE ADOBE INC 2008154 483.11 281,547 136,018,171.17
1.60 LIN LINDE PLC BNZHB81 434.78 300,280 130,555,738.40
1.57 QCOM QUALCOMM INC 2714923 184.21 695,242 128,070,528.82
1.51 CSCO CISCO SYSTEMS INC 2198163 48.68 2,522,844 122,812,045.92
1.48 TMUS T-MOBILE US INC B94Q9V0 163.35 739,415 120,783,440.25
1.35 INTU INTUIT INC 2459020 627.19 174,541 109,470,369.79
1.31 AMAT APPLIED MATERIALS INC 2046552 206.63 517,544 106,940,116.72
1.31 TXN TEXAS INSTRUMENTS INC 2885409 187.82 566,352 106,372,232.64
1.27 AMGN AMGEN INC 2023607 308.45 333,761 102,948,580.45
1.20 CMCSA COMCAST CORP-CLASS A 2044545 39.70 2,468,871 98,014,178.70
1.04 MU MICRON TECHNOLOGY INC 2588184 123.00 687,793 84,598,539.00
1.03 ISRG INTUITIVE SURGICAL INC 2871301 380.88 219,626 83,651,150.88
1.02 HON HONEYWELL INTL 2020459 203.80 406,414 82,827,173.20
0.99 INTC INTEL CORP 2463247 30.51 2,634,034 80,364,377.34
0.97 BKNG BOOKING HOLDINGS INC BDRXDB4 3,745.00 21,053 78,843,485.00
0.91 LRCX LAM RESEARCH CORP 2502247 903.79 81,796 73,926,406.84
0.85 VRTX VERTEX PHARM 2931034 429.93 160,679 69,080,722.47
0.80 REGN REGENERON PHARMACEUTICALS 2730190 976.96 67,016 65,471,951.36
0.79 ADI ANALOG DEVICES INC 2032067 208.38 309,110 64,412,341.80
0.78 ADP AUTOMATIC DATA PROCESSING 2065308 247.80 256,158 63,475,952.40
0.75 PANW PALO ALTO NETWORKS INC B87ZMX0 302.25 201,109 60,785,195.25
0.74 MDLZ MONDELEZ INTER-A B8CKK03 71.76 838,774 60,190,422.24
0.74 KLAC KLA CORP 2480138 712.70 84,341 60,109,830.70
0.72 PDD PDD HOLDINGS INC BYVW0F7 140.52 416,115 58,472,479.80
0.66 SBUX STARBUCKS CORP 2842255 76.18 705,223 53,723,888.14
0.65 MELI MERCADOLIBRE INC B23X1H3 1,677.34 31,746 53,248,835.64
0.65 SNPS SYNOPSYS INC 2867719 557.39 95,005 52,954,836.95
0.64 GILD GILEAD SCIENCES INC 2369174 67.54 776,220 52,425,898.80
0.61 ASML ASML HOLDING-NY B908F01 917.24 53,722 49,275,967.28
0.59 CDNS CADENCE DESIGN SYS INC 2302232 284.46 169,773 48,293,627.58
0.56 CRWD CROWDSTRIKE HO-A BJJP138 319.18 141,777 45,252,382.86
0.53 CTAS CINTAS CORP 2197137 688.76 62,967 43,369,150.92
0.53 MAR MARRIOTT INTL-A 2210614 237.50 180,398 42,844,525.00
0.52 PYPL PAYPAL HOLDINGS INC BYW36M8 63.95 667,463 42,684,258.85
0.52 CSX CSX CORP 2160753 34.52 1,220,326 42,125,653.52
0.52 CEG CONSTELLATION ENERGY BMH4FS1 213.59 197,145 42,108,200.64
0.52 NXPI NXP SEMICONDUCTORS NV B505PN7 263.93 159,540 42,107,392.20
0.50 ABNB AIRBNB INC-CLASS A BMGYYH4 149.13 272,975 40,708,761.75
0.46 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,012.75 36,884 37,354,271.00
0.46 MRVL MARVELL TECHNOLOGY INC BNKJSM5 69.02 538,758 37,185,077.16
0.44 MNST MONSTER BEVERAGE CORP BZ07BW4 54.72 648,299 35,474,921.28
0.43 PCAR PACCAR INC 2665861 106.55 326,346 34,772,166.30
0.43 ROP ROPER TECHNOLOGIES INC 2749602 521.76 66,448 34,669,908.48
0.40 CPRT COPART INC 2208073 54.59 599,008 32,699,846.72
0.40 WDAY WORKDAY INC-CLASS A B8K6ZD1 247.08 130,300 32,194,524.00
0.38 MCHP MICROCHIP TECHNOLOGY INC 2592174 92.54 336,515 31,141,098.10
0.37 DXCM DEXCOM INC B0796X4 124.95 240,074 29,997,246.30
0.37 AEP AMERICAN ELECTRIC POWER 2026242 91.52 327,764 29,996,961.28
0.37 MRNA MODERNA INC BGSXTS3 125.67 237,954 29,903,679.18
0.36 KDP KEURIG DR PEPPER INC BD3W133 34.12 864,616 29,500,697.92
0.36 ADSK AUTODESK INC 2065159 216.65 133,328 28,885,511.20
0.35 FTNT FORTINET INC B5B2106 59.63 475,220 28,337,368.60
0.35 AZN ASTRAZENECA PLC-SPONS ADR 2989044 77.43 362,850 28,095,475.50
0.35 PAYX PAYCHEX INC 2674458 124.77 225,113 28,087,349.01
0.35 ROST ROSS STORES INC 2746711 133.60 209,978 28,053,060.80
0.34 KHC KRAFT HEINZ CO/THE BYRY499 36.49 755,577 27,571,004.73
0.34 DASH DOORDASH INC - A BN13P03 116.51 234,682 27,342,799.82
0.32 IDXX IDEXX LABORATORIES INC 2459202 503.02 51,703 26,007,643.06
0.32 LULU LULULEMON ATHLETICA INC B23FN39 347.16 74,748 25,949,515.68
0.31 CHTR CHARTER COMMUN-A BZ6VT82 274.65 90,497 24,855,001.05
0.30 ODFL OLD DOMINION FREIGHT LINE 2656423 182.02 135,644 24,689,920.88
0.30 TTD TRADE DESK INC-A BD8FDD1 87.53 277,245 24,267,254.85
0.30 FAST FASTENAL CO 2332262 67.36 356,646 24,023,674.56
0.29 EXC EXELON CORP 2670519 38.13 622,467 23,734,666.71
0.28 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 81.03 283,616 22,981,404.48
0.28 CSGP COSTAR GROUP INC 2262864 88.58 254,691 22,560,528.78
0.28 DDOG DATADOG INC - CLASS A BKT9Y49 118.26 190,530 22,532,077.80
0.27 FANG DIAMONDBACK ENERGY INC B7Y8YR3 198.80 110,964 22,059,643.20
0.27 VRSK VERISK ANALYTICS INC B4P9W92 246.34 87,962 21,668,559.08
0.26 CCEP COCA-COLA EUROPA BYQQ3P5 74.46 279,775 20,832,046.50
0.26 EA ELECTRONIC ARTS INC 2310194 126.58 164,340 20,802,157.20
0.26 CTSH COGNIZANT TECH-A 2257019 67.87 305,614 20,742,022.18
0.25 BKR BAKER HUGHES CO BDHLTQ5 32.41 623,806 20,217,552.46
0.25 BIIB BIOGEN INC 2455965 225.34 89,118 20,081,850.12
0.23 ON ON SEMICONDUCTOR 2583576 72.33 262,123 18,959,356.59
0.23 XEL XCEL ENERGY INC 2614807 55.83 339,496 18,954,061.68
0.23 CDW CDW CORP/DE BBM5MD6 222.05 82,458 18,309,798.90
0.22 GFS GLOBALFOUNDRIES INC BMW7F63 52.63 335,047 17,633,523.61
0.22 TEAM ATLASSIAN CORP-CL A BQ1PC76 182.83 96,292 17,605,066.36
0.21 ANSS ANSYS INC 2045623 328.20 53,109 17,430,373.80
0.20 DLTR DOLLAR TREE INC 2272476 120.20 133,459 16,041,771.80
0.20 ZS ZSCALER INC BZ00V34 175.00 90,848 15,898,400.00
0.20 MDB MONGODB INC BF2FJ99 359.24 44,202 15,879,126.48
0.18 TTWO TAKE-TWO INTERAC 2122117 143.95 104,053 14,978,429.35
0.15 WBD WARNER BROS DISCOVERY INC BM8JYX3 8.38 1,490,889 12,493,649.82
0.13 ILMN ILLUMINA INC 2613990 112.77 96,919 10,929,555.63
0.12 WBA WALGREENS BOOTS BTN1Y44 18.12 526,651 9,542,916.12
0.09 CASH 1.00 7,564,436 7,564,436.19
0.09 SIRI SIRIUS XM HOLDINGS INC BGLDK10 3.14 2,341,263 7,351,565.82
0.03 OTHER PAYABLE & RECEIVABLES 1.00 2,099,028 2,099,028.38
-5.52 NDX US 05/17/24 C17250 95,300.00 -4,715 -449,339,500.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 05/13/24

Return on Equity 23.50%
Weighted Avg. Market Cap 1,035,950 M
2023 2024
Price-to-earnings 30.75 26.39
Price-to-book value 6.84 5.69

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 04/30/24

Versus Beta
S&P 500 0.64
NASDAQ-100 0.53
MSCI EAFE 0.55
MSCI Emg. Mkts 0.40
Standard Deviation 13.30%

Source: new windowAltaVista Research, LLC

ETF Research

Enhancing Retirement Portfolios with Global X’s Options Strategies

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QYLD – Exploring the Case for a Nasdaq 100 Covered Call Strategy

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The Case for a Systematic Options Rolling Plan

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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 04/30, QYLD was rated against the following numbers of Derivative Income funds over the following time periods: 73 during the last 3 years, 67 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.

© 2023 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.