QYLG


Nasdaq 100 Covered Call & Growth ETF

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 06/28/24

Inception Date 09/18/20
Total Expense Ratio 0.35%
Net Assets $109.83 million
NAV $31.56
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 06/27/24

Ticker QYLG
Bloomberg Index Ticker BXNH
CUSIP 37954Y269
ISIN US37954Y2697
Primary Exchange Nasdaq
Shares Outstanding 3,480,000
Number of Holdings 103
30-Day Median Bid-Ask Spread 0.35%

Distributions As of 06/28/24

30-Day SEC Yield 0.48%
12-Month Trailing Yield 5.53%
Distribution Yield 5.54%
Distribution Frequency Monthly

ETF Prices As of 06/28/24

NAV $31.56 Daily Change -$0.12 -0.38%
Market Price $31.55 Daily Change -$0.15 -0.47%

Performance History

As of recent
(03/31/24)
As of recent
(03/31/24)
Fund NAV Market Price Index
1 Year 28.24% 28.42% 28.90%
3 Years 8.50% 8.49% 9.13%
Since Inception 12.03% 12.11% 12.69%
1 Year 21.26% 20.83% 21.84%
3 Years 7.79% 7.67% 8.42%
Since Inception 11.66% 11.61% 12.30%
Year-to-Date 7.52% 7.62% 7.73%
1 Month 1.28% 1.75% 1.33%
3 Months 7.52% 7.62% 7.73%
Since Inception 49.39% 49.77% 52.52%
Year-to-Date 8.27% 7.91% 8.50%
1 Month 4.11% 3.69% 4.07%
3 Months 1.99% 2.02% 2.05%
Since Inception 50.44% 50.17% 53.61%

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 06/27/24

Nasdaq 100 Price 19,789.00

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short NASDAQ Call Option -$55,409,276 19750 0.00% 07/19/2024 22

Top Holdings As of 06/28/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
8.70 MSFT MICROSOFT CORP 2588173 446.95 21,374 9,553,109.30
8.47 AAPL APPLE INC 2046251 210.62 44,138 9,296,345.56
7.96 NVDA NVIDIA CORP 2379504 123.54 70,740 8,739,219.60
5.27 AMZN AMAZON.COM INC 2000019 193.25 29,925 5,783,006.25
5.03 AVGO BROADCOM INC BDZ78H9 1,605.53 3,442 5,526,234.26
4.60 META META PLATFORMS INC B7TL820 504.22 10,025 5,054,805.50
2.80 GOOGL ALPHABET INC-CL A BYVY8G0 182.15 16,888 3,076,149.20
2.71 GOOG ALPHABET INC-CL C BYY88Y7 183.42 16,195 2,970,486.90
2.55 COST COSTCO WHOLESALE CORP 2701271 849.99 3,293 2,799,017.07
2.50 TSLA TESLA INC B616C79 197.88 13,878 2,746,178.64
1.97 NFLX NETFLIX INC 2857817 674.88 3,199 2,158,941.12
1.77 AMD ADVANCED MICRO DEVICES 2007849 162.21 12,000 1,946,520.00
1.69 ADBE ADOBE INC 2008154 555.54 3,331 1,850,503.74
1.53 PEP PEPSICO INC 2681511 164.93 10,206 1,683,275.58
1.50 QCOM QUALCOMM INC 2714923 199.18 8,285 1,650,206.30
1.43 LIN LINDE PLC BNZHB81 438.81 3,569 1,566,112.89
1.40 TMUS T-MOBILE US INC B94Q9V0 176.18 8,744 1,540,517.92
1.32 AMAT APPLIED MATERIALS INC 2046552 235.99 6,146 1,450,394.54
1.29 CSCO CISCO SYSTEMS INC 2198163 47.51 29,824 1,416,938.24
1.24 INTU INTUIT INC 2459020 657.21 2,075 1,363,710.75
1.20 TXN TEXAS INSTRUMENTS INC 2885409 194.53 6,758 1,314,633.74
1.13 AMGN AMGEN INC 2023607 312.45 3,981 1,243,863.45
1.07 ISRG INTUITIVE SURGICAL INC 2871301 444.85 2,632 1,170,845.20
1.04 CMCSA COMCAST CORP-CLASS A 2044545 39.16 29,164 1,142,062.24
0.98 MU MICRON TECHNOLOGY INC 2588184 131.53 8,218 1,080,913.54
0.94 LRCX LAM RESEARCH CORP 2502247 1,064.85 970 1,032,904.50
0.94 HON HONEYWELL INTL 2020459 213.54 4,832 1,031,825.28
0.91 BKNG BOOKING HOLDINGS INC BDRXDB4 3,961.50 251 994,336.50
0.89 INTC INTEL CORP 2463247 30.97 31,589 978,311.33
0.82 VRTX VERTEX PHARM 2931034 468.72 1,915 897,598.80
0.77 REGN REGENERON PHARMACEUTICALS 2730190 1,051.03 804 845,028.12
0.77 ADI ANALOG DEVICES INC 2032067 228.26 3,681 840,225.06
0.75 KLAC KLA CORP 2480138 824.51 994 819,562.94
0.74 PANW PALO ALTO NETWORKS INC B87ZMX0 339.01 2,402 814,302.02
0.66 ADP AUTOMATIC DATA PROCESSING 2065308 238.69 3,036 724,662.84
0.63 ASML ASML HOLDING-NY B908F01 1,022.73 675 690,342.75
0.62 SNPS SYNOPSYS INC 2867719 595.06 1,136 675,988.16
0.60 PDD PDD HOLDINGS INC BYVW0F7 132.95 4,954 658,634.30
0.60 CRWD CROWDSTRIKE HO-A BJJP138 383.19 1,711 655,638.09
0.60 SBUX STARBUCKS CORP 2842255 77.85 8,401 654,017.85
0.59 MDLZ MONDELEZ INTER-A B8CKK03 65.44 9,887 647,005.28
0.58 GILD GILEAD SCIENCES INC 2369174 68.61 9,239 633,887.79
0.57 CDNS CADENCE DESIGN SYS INC 2302232 307.75 2,018 621,039.50
0.56 MELI MERCADOLIBRE INC B23X1H3 1,643.40 376 617,918.40
0.48 CTAS CINTAS CORP 2197137 700.26 752 526,595.52
0.47 MAR MARRIOTT INTL-A 2210614 241.77 2,122 513,035.94
0.46 NXPI NXP SEMICONDUCTORS NV B505PN7 269.09 1,880 505,889.20
0.45 ABNB AIRBNB INC-CLASS A BMGYYH4 151.63 3,272 496,133.36
0.44 CSX CSX CORP 2160753 33.45 14,490 484,690.50
0.42 CEG CONSTELLATION ENERGY BMH4FS1 200.27 2,321 464,826.67
0.42 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,056.06 436 460,442.16
0.42 PYPL PAYPAL HOLDINGS INC BYW36M8 58.03 7,851 455,593.53
0.41 MRVL MARVELL TECHNOLOGY INC BNKJSM5 69.90 6,415 448,408.50
0.41 ROP ROPER TECHNOLOGIES INC 2749602 563.66 793 446,982.38
0.36 PCAR PACCAR INC 2665861 102.94 3,883 399,716.02
0.36 ADSK AUTODESK INC 2065159 247.45 1,596 394,930.20
0.35 CPRT COPART INC 2208073 54.16 7,128 386,052.48
0.35 MNST MONSTER BEVERAGE CORP BZ07BW4 49.95 7,717 385,464.15
0.33 MCHP MICROCHIP TECHNOLOGY INC 2592174 91.50 3,948 361,242.00
0.33 ROST ROSS STORES INC 2746711 145.32 2,461 357,632.52
0.32 WDAY WORKDAY INC-CLASS A B8K6ZD1 223.56 1,570 350,989.20
0.31 AEP AMERICAN ELECTRIC POWER 2026242 87.74 3,903 342,449.22
0.31 FTNT FORTINET INC B5B2106 60.27 5,656 340,887.12
0.31 KDP KEURIG DR PEPPER INC BD3W133 33.40 10,137 338,575.80
0.31 MRNA MODERNA INC BGSXTS3 118.75 2,839 337,131.25
0.31 AZN ASTRAZENECA PLC-SPONS ADR 2989044 77.99 4,312 336,292.88
0.30 DXCM DEXCOM INC B0796X4 113.38 2,930 332,203.40
0.29 TTD TRADE DESK INC-A BD8FDD1 97.67 3,296 321,920.32
0.29 CHTR CHARTER COMMUN-A BZ6VT82 298.96 1,059 316,598.64
0.29 PAYX PAYCHEX INC 2674458 118.56 2,638 312,761.28
0.28 DASH DOORDASH INC - A BN13P03 108.78 2,826 307,412.28
0.27 DDOG DATADOG INC - CLASS A BKT9Y49 129.69 2,302 298,546.38
0.27 IDXX IDEXX LABORATORIES INC 2459202 487.20 606 295,243.20
0.26 KHC KRAFT HEINZ CO/THE BYRY499 32.22 8,987 289,561.14
0.26 VRSK VERISK ANALYTICS INC B4P9W92 269.55 1,045 281,679.75
0.26 ODFL OLD DOMINION FREIGHT LINE 2656423 176.60 1,586 280,087.60
0.25 EA ELECTRONIC ARTS INC 2310194 139.33 1,947 271,275.51
0.25 FANG DIAMONDBACK ENERGY INC B7Y8YR3 200.19 1,342 268,654.98
0.24 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 77.92 3,425 266,876.00
0.24 FAST FASTENAL CO 2332262 62.84 4,236 266,190.24
0.24 BKR BAKER HUGHES CO BDHLTQ5 35.17 7,523 264,583.91
0.24 LULU LULULEMON ATHLETICA INC B23FN39 298.70 882 263,453.40
0.24 EXC EXELON CORP 2670519 34.61 7,520 260,267.20
0.23 CTSH COGNIZANT TECH-A 2257019 68.00 3,743 254,524.00
0.23 BIIB BIOGEN INC 2455965 231.82 1,092 253,147.44
0.23 CCEP COCA-COLA EUROPA BYQQ3P5 72.87 3,434 250,235.58
0.21 CSGP COSTAR GROUP INC 2262864 74.14 3,071 227,683.94
0.21 CDW CDW CORP/DE BBM5MD6 223.84 1,008 225,630.72
0.20 XEL XCEL ENERGY INC 2614807 53.41 4,170 222,719.70
0.20 ON ON SEMICONDUCTOR 2583576 68.55 3,210 220,045.50
0.20 ZS ZSCALER INC BZ00V34 192.19 1,113 213,907.47
0.19 ANSS ANSYS INC 2045623 321.50 654 210,261.00
0.19 TEAM ATLASSIAN CORP-CL A BQ1PC76 176.88 1,180 208,718.40
0.19 GFS GLOBALFOUNDRIES INC BMW7F63 50.56 4,114 208,003.84
0.18 TTWO TAKE-TWO INTERAC 2122117 155.49 1,280 199,027.20
0.16 DLTR DOLLAR TREE INC 2272476 106.77 1,636 174,675.72
0.13 ARM ARM HOLDINGS PLC-ADR BNSP5P7 163.62 871 142,513.02
0.12 WBD WARNER BROS DISCOVERY INC BM8JYX3 7.44 18,258 135,839.52
0.12 MDB MONGODB INC BF2FJ99 249.96 541 135,228.36
0.11 ILMN ILLUMINA INC 2613990 104.38 1,187 123,899.06
0.11 CASH 1.00 122,365 122,364.80
0.07 WBA WALGREENS BOOTS BTN1Y44 12.10 6,437 77,855.52
0.00 GRAL GRAIL INC BSLSSX7 15.37 198 3,040.70
-0.01 OTHER PAYABLE & RECEIVABLES 1.00 -11,440 -11,440.24
-0.69 NDX US 07/19/24 C19750 27,180.00 -28 -761,040.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 05/31/24

Sector Weight (%)
Information Technology 51.7
Communication Services 15.6
Consumer Discretionary 12.8
Consumer Staples 6.3
Health Care 6.3
Industrials 3.7
Materials 1.5
Utilities 1.3
Energy 0.5
Financials 0.5

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Semiconductors 20.0
Packaged Software 14.7
Internet Software/Services 13.5
Telecommunications Equipment 10.0
Internet Retail 5.9
Biotechnology 4.2
Specialty Stores 3.0
Beverages: Non-Alcoholic 2.7
Motor Vehicles 2.4
Information Technology Services 2.2
Other Consumer Services 1.9
Other 19.5

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 06/27/24

Return on Equity 22.50%
Weighted Avg. Market Cap 1,060,500 M
2023 2024
Price-to-earnings 34.18 29.22
Price-to-book value 7.22 6.06

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 05/31/24

Versus Beta
S&P 500 0.90
NASDAQ-100 0.76
MSCI EAFE 0.76
MSCI Emg. Mkts 0.59
Standard Deviation 17.50%

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 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.