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QYLG

Nasdaq 100 Covered Call & Growth ETF

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

 

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 02/11/25

Inception Date 09/18/20
Total Expense Ratio 0.35%
Net Assets $108.77 million
NAV $28.85
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 02/10/25

Ticker QYLG
Bloomberg Index Ticker BXNH
CUSIP 37954Y269
ISIN US37954Y2697
Primary Exchange Nasdaq
Shares Outstanding 3,770,000
Number of Holdings 102
30-Day Median Bid-Ask Spread 0.28%

Distributions As of 02/11/25

30-Day SEC Yield 0.46%
Trailing 12-Month Distribution (%) 1 22.85%
Distribution Rate 2 7.19%
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 $28.85 Daily Change -$0.05 -0.17%
Market Price $28.85 Daily Change -$0.13 -0.45%

Performance History

As of recent
(12/31/24)
As of recent
(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 22.52% 22.51% 23.84%
3 Years 11.10% 11.20% 11.95%
Since Inception 13.49% 13.53% 14.29%
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 2.35% 2.42% 2.94%
1 Month 2.35% 2.42% 2.94%
3 Months 7.50% 7.58% 8.20%
Since Inception 73.93% 74.19% 79.29%

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 -$54,391,836 21450 0.00% 02/21/2025 11

Top Holdings As of 02/11/25

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
8.87 AAPL APPLE INC 2046251 232.62 41,460 9,644,425.20
8.20 NVDA NVIDIA CORP 2379504 132.80 67,167 8,919,777.60
7.72 MSFT MICROSOFT CORP 2588173 411.44 20,408 8,396,667.52
6.18 AMZN AMAZON.COM INC 2000019 232.76 28,883 6,722,807.08
4.58 AVGO BROADCOM INC BDZ78H9 235.04 21,187 4,979,792.48
3.97 META META PLATFORMS INC B7TL820 719.80 5,991 4,312,321.80
3.01 TSLA TESLA INC B616C79 328.50 9,954 3,269,889.00
2.92 COST COSTCO WHOLESALE CORP 2701271 1,058.34 2,996 3,170,786.64
2.74 GOOGL ALPHABET INC-CL A BYVY8G0 185.32 16,060 2,976,239.20
2.69 NFLX NETFLIX INC 2857817 1,008.08 2,897 2,920,407.76
2.61 GOOG ALPHABET INC-CL C BYY88Y7 187.07 15,193 2,842,154.51
1.86 TMUS T-MOBILE US INC B94Q9V0 258.70 7,818 2,022,516.60
1.54 CSCO CISCO SYSTEMS INC 2198163 62.43 26,801 1,673,186.43
1.53 PLTR PALANTIR TECHN-A BN78DQ4 112.62 14,759 1,662,158.58
1.37 LIN LINDE PLC BNZHB81 460.74 3,229 1,487,729.46
1.30 ISRG INTUITIVE SURGICAL INC 2871301 591.65 2,394 1,416,410.10
1.26 ADBE ADOBE INC 2008154 458.82 2,986 1,370,036.52
1.24 PEP PEPSICO INC 2681511 145.64 9,240 1,345,713.60
1.19 QCOM QUALCOMM INC 2714923 171.99 7,525 1,294,224.75
1.12 AMD ADVANCED MICRO DEVICES 2007849 111.10 10,986 1,220,544.60
1.02 INTU INTUIT INC 2459020 585.88 1,894 1,109,656.72
1.02 TXN TEXAS INSTRUMENTS INC 2885409 179.25 6,160 1,104,180.00
1.01 BKNG BOOKING HOLDINGS INC BDRXDB4 4,897.32 225 1,101,897.00
1.00 AMGN AMGEN INC 2023607 296.66 3,654 1,083,995.64
0.94 AMAT APPLIED MATERIALS INC 2046552 183.20 5,588 1,023,721.60
0.84 HON HONEYWELL INTL 2020459 206.94 4,416 913,847.04
0.84 CMCSA COMCAST CORP-CLASS A 2044545 35.23 25,833 910,096.59
0.80 PANW PALO ALTO NETWORKS INC B87ZMX0 195.49 4,449 869,735.01
0.78 SBUX STARBUCKS CORP 2842255 111.03 7,651 849,490.53
0.77 ADP AUTOMATIC DATA PROCESSING 2065308 305.78 2,742 838,448.76
0.74 GILD GILEAD SCIENCES INC 2369174 96.14 8,414 808,921.96
0.74 VRTX VERTEX PHARM 2931034 455.22 1,758 800,276.76
0.69 APP APPLOVIN CORP-CLASS A BMV3LG4 375.25 2,003 751,625.75
0.67 LRCX LAM RESEARCH CORP BSML4N7 83.26 8,693 723,779.18
0.65 MU MICRON TECHNOLOGY INC 2588184 94.08 7,532 708,610.56
0.65 MELI MERCADOLIBRE INC B23X1H3 2,035.18 347 706,207.46
0.63 ADI ANALOG DEVICES INC 2032067 203.46 3,360 683,625.60
0.62 CRWD CROWDSTRIKE HO-A BJJP138 431.64 1,571 678,106.44
0.62 KLAC KLA CORP 2480138 758.62 886 672,137.32
0.61 CEG CONSTELLATION ENERGY BMH4FS1 313.58 2,129 667,611.82
0.59 MRVL MARVELL TECHNOLOGY INC BNKJSM5 109.12 5,876 641,189.12
0.56 INTC INTEL CORP 2463247 20.97 29,148 611,233.56
0.52 CDNS CADENCE DESIGN SYS INC 2302232 303.87 1,856 563,982.72
0.52 FTNT FORTINET INC B5B2106 108.33 5,186 561,799.38
0.51 CTAS CINTAS CORP 2197137 205.40 2,713 557,250.20
0.51 SNPS SYNOPSYS INC 2867719 529.14 1,048 554,538.72
0.50 MDLZ MONDELEZ INTER-A B8CKK03 60.45 9,033 546,044.85
0.50 MAR MARRIOTT INTL-A 2210614 288.00 1,878 540,864.00
0.49 PDD PDD HOLDINGS INC BYVW0F7 117.48 4,508 529,599.84
0.48 PYPL PAYPAL HOLDINGS INC BYW36M8 76.21 6,775 516,322.75
0.47 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,323.94 388 513,688.72
0.47 DASH DOORDASH INC - A BN13P03 193.09 2,626 507,054.34
0.45 REGN REGENERON PHARMACEUTICALS 2730190 665.46 733 487,782.18
0.44 MSTR MICROSTRATEGY INC-CL A 2974329 319.46 1,513 483,342.98
0.42 ASML ASML HOLDING-NY B908F01 752.98 609 458,564.82
0.40 ADSK AUTODESK INC 2065159 299.72 1,457 436,692.04
0.40 CSX CSX CORP 2160753 33.11 13,028 431,357.08
0.39 ROP ROPER TECHNOLOGIES INC 2749602 581.35 726 422,060.10
0.36 ABNB AIRBNB INC-CLASS A BMGYYH4 134.52 2,929 394,009.08
0.35 CPRT COPART INC 2208073 59.23 6,483 383,988.09
0.35 WDAY WORKDAY INC-CLASS A B8K6ZD1 263.00 1,444 379,772.00
0.34 PCAR PACCAR INC 2665861 105.76 3,516 371,852.16
0.34 AEP AMERICAN ELECTRIC POWER 2026242 101.88 3,607 367,481.16
0.34 NXPI NXP SEMICONDUCTORS NV B505PN7 210.97 1,733 365,611.01
0.34 TTD TRADE DESK INC-A BD8FDD1 120.21 3,028 363,995.88
0.32 PAYX PAYCHEX INC 2674458 146.10 2,404 351,224.40
0.32 TEAM ATLASSIAN CORP-CL A BQ1PC76 315.00 1,091 343,665.00
0.32 CHTR CHARTER COMMUN-A BZ6VT82 350.92 978 343,199.76
0.31 AXON AXON ENTERPRISE INC BDT5S35 669.26 497 332,622.22
0.29 FANG DIAMONDBACK ENERGY INC B7Y8YR3 162.01 1,955 316,729.55
0.29 ROST ROSS STORES INC 2746711 141.27 2,237 316,020.99
0.29 BKR BAKER HUGHES CO BDHLTQ5 47.11 6,666 314,035.26
0.29 MNST MONSTER BEVERAGE CORP BZ07BW4 48.06 6,532 313,927.92
0.29 LULU LULULEMON ATHLETICA INC B23FN39 397.63 787 312,934.81
0.28 DDOG DATADOG INC - CLASS A BKT9Y49 145.42 2,126 309,162.92
0.27 ODFL OLD DOMINION FREIGHT LINE 2656423 205.77 1,443 296,926.11
0.27 CTSH COGNIZANT TECH-A 2257019 87.87 3,339 293,397.93
0.26 KDP KEURIG DR PEPPER INC BD3W133 31.56 9,114 287,637.84
0.26 EXC EXELON CORP 2670519 42.36 6,752 286,014.72
0.26 FAST FASTENAL CO 2332262 74.33 3,841 285,501.53
0.26 VRSK VERISK ANALYTICS INC B4P9W92 294.30 970 285,471.00
0.26 AZN ASTRAZENECA PLC-SPONS ADR 2989044 72.73 3,895 283,283.35
0.25 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 87.03 3,061 266,398.83
0.24 XEL XCEL ENERGY INC 2614807 67.19 3,847 258,479.93
0.23 CCEP COCA-COLA EUROPA BYQQ3P5 81.53 3,081 251,193.93
0.23 TTWO TAKE-TWO INTERAC 2122117 209.94 1,172 246,049.68
0.23 IDXX IDEXX LABORATORIES INC 2459202 463.74 529 245,318.46
0.22 KHC KRAFT HEINZ CO/THE BYRY499 29.58 8,140 240,781.20
0.22 EA ELECTRONIC ARTS INC 2310194 133.35 1,777 236,962.95
0.21 DXCM DEXCOM INC B0796X4 86.38 2,620 226,315.60
0.20 ZS ZSCALER INC BZ00V34 209.24 1,039 217,400.36
0.19 CSGP COSTAR GROUP INC 2262864 76.00 2,732 207,632.00
0.18 ANSS ANSYS INC 2045623 341.43 587 200,419.41
0.18 MCHP MICROCHIP TECHNOLOGY INC 2592174 52.58 3,619 190,287.02
0.15 CDW CDW CORP/DE BBM5MD6 191.74 873 167,389.02
0.15 WBD WARNER BROS DISCOVERY INC BM8JYX3 9.85 16,418 161,717.30
0.14 GFS GLOBALFOUNDRIES INC BMW7F63 40.10 3,699 148,329.90
0.13 BIIB BIOGEN INC 2455965 139.39 990 137,996.10
0.13 ON ON SEMICONDUCTOR 2583576 47.93 2,869 137,511.17
0.13 MDB MONGODB INC BF2FJ99 286.12 477 136,479.24
0.12 ARM ARM HOLDINGS PLC-ADR BNSP5P7 157.74 837 132,028.38
0.01 CASH 1.00 15,324 15,324.28
0.01 OTHER PAYABLE & RECEIVABLES 1.00 13,481 13,481.02
-0.91 NDX US 02/21/25 C21450 39,510.00 -25 -987,750.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 01/31/25

Sector Weight (%)
Information Technology 49.7
Communication Services 15.6
Consumer Discretionary 15.3
Consumer Staples 5.5
Health Care 5.2
Industrials 4.9
Utilities 1.4
Materials 1.3
Energy 0.6
Financials 0.6

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Semiconductors & Semiconductor Equipment 21.1
Software & Services 18.0
Media & Entertainment 14.0
Technology Hardware & Equipment 10.7
Consumer Discretionary Distribution & Retail 8.2
Automobiles & Components 3.7
Pharmaceuticals, Biotechnology & Life Sciences 3.3
Consumer Services 3.1
Food, Beverage & Tobacco 2.8
Consumer Staples Distribution & Retail 2.7
Commercial & Professional Services 2.4
Other 10.0

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 02/10/25

Return on Equity 26.00%
Weighted Avg. Market Cap 1,398,670 M
2024 2025
Price-to-earnings 32.87 27.10
Price-to-book value 7.85 6.39

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 01/31/25

Versus Beta
S&P 500 0.93
NASDAQ-100 0.76
MSCI EAFE 0.77
MSCI Emg. Mkts 0.62
Standard Deviation 18.80%

Source: new windowAltaVista Research, LLC

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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, QYLG was rated against the following numbers of Derivative Income funds over the following time periods: 77 during the last 3 years. With respect to these Derivative Income funds, QYLG received a Morningstar Rating of 5 stars. 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 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.