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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 04/11/25

Inception Date 09/18/20
Total Expense Ratio 0.35%
Net Assets $89.35 million
NAV $25.03
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 04/10/25

Ticker QYLG
Bloomberg Index Ticker BXNH
CUSIP 37954Y269
ISIN US37954Y2697
Primary Exchange Nasdaq
Shares Outstanding 3,570,000
Number of Holdings 102
30-Day Median Bid-Ask Spread 0.38%

Distributions As of 04/11/25

30-Day SEC Yield 0.52%
Trailing 12-Month Distribution (%) 1 26.06%
Distribution Rate 2 7.97%
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 04/11/25

NAV $25.03 Daily Change $0.47 1.91%
Market Price $25.05 Daily Change $0.45 1.83%

Performance History

As of recent month & quarter-end (03/31/25)
As of recent month & quarter-end (03/31/25)
Fund NAV Market Price Index
1 Year 5.76% 5.64% 6.83%
3 Years 7.24% 7.14% 8.05%
Since Inception 10.62% 10.65% 11.37%
1 Year 5.76% 5.64% 6.83%
3 Years 7.24% 7.14% 8.05%
Since Inception 10.62% 10.65% 11.37%
Year-to-Date -7.02% -6.98% -6.45%
1 Month -6.99% -6.68% -6.95%
3 Months -7.02% -6.98% -6.45%
Since Inception 58.00% 58.21% 62.93%
Year-to-Date -7.02% -6.98% -6.45%
1 Month -6.99% -6.68% -6.95%
3 Months -7.02% -6.98% -6.45%
Since Inception 58.00% 58.21% 62.93%

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 04/11/25

Nasdaq 100 Price 18,690.06

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short NASDAQ Call Option -$44,856,144 19600 4.87% 04/17/2025 6

Top Holdings As of 04/11/25

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
8.65 AAPL APPLE INC 2046251 198.15 39,018 7,731,416.70
8.40 MSFT MICROSOFT CORP 2588173 388.45 19,309 7,500,581.05
7.87 NVDA NVIDIA CORP 2379504 110.93 63,376 7,030,299.68
5.70 AMZN AMAZON.COM INC 2000019 184.87 27,526 5,088,731.62
4.10 AVGO BROADCOM INC BDZ78H9 181.94 20,136 3,663,543.84
3.46 META META PLATFORMS INC B7TL820 543.57 5,688 3,091,826.16
3.06 COST COSTCO WHOLESALE CORP 2701271 963.41 2,837 2,733,194.17
2.81 NFLX NETFLIX INC 2857817 918.29 2,733 2,509,686.57
2.67 TSLA TESLA INC B616C79 252.31 9,441 2,382,058.71
2.66 GOOGL ALPHABET INC-CL A BYVY8G0 157.14 15,150 2,380,671.00
2.54 GOOG ALPHABET INC-CL C BYY88Y7 159.40 14,255 2,272,247.00
2.13 TMUS T-MOBILE US INC B94Q9V0 258.67 7,344 1,899,672.48
1.63 CSCO CISCO SYSTEMS INC 2198163 57.33 25,422 1,457,443.26
1.50 LIN LINDE PLC BNZHB81 441.83 3,027 1,337,419.41
1.42 PLTR PALANTIR TECHN-A BN78DQ4 88.55 14,371 1,272,552.05
1.42 PEP PEPSICO INC 2681511 144.43 8,764 1,265,784.52
1.26 ISRG INTUITIVE SURGICAL INC 2871301 493.60 2,279 1,124,914.40
1.17 INTU INTUIT INC 2459020 587.04 1,786 1,048,453.44
1.10 QCOM QUALCOMM INC 2714923 139.25 7,068 984,219.00
1.10 AMGN AMGEN INC 2023607 285.98 3,433 981,769.34
1.10 ADBE ADOBE INC 2008154 352.47 2,784 981,276.48
1.08 AMD ADVANCED MICRO DEVICES 2007849 93.40 10,355 967,157.00
1.08 BKNG BOOKING HOLDINGS INC BDRXDB4 4,586.53 210 963,171.30
0.96 TXN TEXAS INSTRUMENTS INC 2885409 147.60 5,817 858,589.20
0.92 GILD GILEAD SCIENCES INC 2369174 103.63 7,958 824,687.54
0.92 HON HONEYWELL INTL 2020459 198.55 4,153 824,578.15
0.91 CMCSA COMCAST CORP-CLASS A 2044545 33.72 24,158 814,607.76
0.89 VRTX VERTEX PHARM 2931034 484.22 1,641 794,605.02
0.87 ADP AUTOMATIC DATA PROCESSING 2065308 299.54 2,585 774,310.90
0.85 AMAT APPLIED MATERIALS INC 2046552 144.94 5,210 755,137.40
0.80 PANW PALO ALTO NETWORKS INC B87ZMX0 168.34 4,231 712,246.54
0.72 MELI MERCADOLIBRE INC B23X1H3 1,996.95 324 647,011.80
0.69 SBUX STARBUCKS CORP 2842255 85.43 7,259 620,136.37
0.64 KLAC KLA CORP 2480138 670.22 855 573,038.10
0.64 ADI ANALOG DEVICES INC 2032067 179.16 3,169 567,758.04
0.63 MDLZ MONDELEZ INTER-A B8CKK03 67.05 8,449 566,505.45
0.63 CRWD CROWDSTRIKE HO-A BJJP138 377.90 1,491 563,448.90
0.62 LRCX LAM RESEARCH CORP BSML4N7 67.48 8,203 553,538.44
0.61 INTC INTEL CORP 2463247 19.74 27,670 546,205.80
0.59 CTAS CINTAS CORP 2197137 206.04 2,573 530,140.92
0.57 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,389.79 368 511,442.72
0.55 MU MICRON TECHNOLOGY INC 2588184 69.55 7,120 495,196.00
0.55 APP APPLOVIN CORP-CLASS A BMV3LG4 249.95 1,976 493,901.20
0.54 FTNT FORTINET INC B5B2106 97.73 4,914 480,245.22
0.51 MSTR MICROSTRATEGY INC-CL A 2974329 299.98 1,519 455,669.62
0.51 DASH DOORDASH INC - A BN13P03 180.49 2,521 455,015.29
0.51 CDNS CADENCE DESIGN SYS INC 2302232 259.47 1,752 454,591.44
0.47 CEG CONSTELLATION ENERGY BMH4FS1 208.25 1,999 416,291.75
0.47 SNPS SYNOPSYS INC 2867719 421.21 988 416,155.48
0.44 PYPL PAYPAL HOLDINGS INC BYW36M8 62.59 6,332 396,319.88
0.44 MAR MARRIOTT INTL-A 2210614 225.22 1,755 395,261.10
0.43 ROP ROPER TECHNOLOGIES INC 2749602 560.16 686 384,269.76
0.43 PDD PDD HOLDINGS INC BYVW0F7 90.50 4,220 381,910.00
0.42 REGN REGENERON PHARMACEUTICALS 2730190 554.18 681 377,396.58
0.42 ASML ASML HOLDING-NY B908F01 668.81 560 374,533.60
0.41 CPRT COPART INC 2208073 59.84 6,143 367,597.12
0.40 MNST MONSTER BEVERAGE CORP BZ07BW4 58.15 6,192 360,064.80
0.40 ADSK AUTODESK INC 2065159 258.45 1,374 355,110.30
0.40 AEP AMERICAN ELECTRIC POWER 2026242 104.63 3,373 352,916.99
0.39 CSX CSX CORP 2160753 28.01 12,352 345,979.52
0.38 PAYX PAYCHEX INC 2674458 146.75 2,284 335,177.00
0.36 ABNB AIRBNB INC-CLASS A BMGYYH4 114.54 2,766 316,817.64
0.35 WDAY WORKDAY INC-CLASS A B8K6ZD1 226.51 1,368 309,865.68
0.34 KDP KEURIG DR PEPPER INC BD3W133 35.16 8,634 303,571.44
0.34 CHTR CHARTER COMMUN-A BZ6VT82 334.38 907 303,282.66
0.34 PCAR PACCAR INC 2665861 90.47 3,336 301,807.92
0.34 ROST ROSS STORES INC 2746711 141.51 2,117 299,576.67
0.33 EXC EXELON CORP 2670519 46.00 6,392 294,032.00
0.33 FAST FASTENAL CO 2332262 80.64 3,641 293,610.24
0.33 MRVL MARVELL TECHNOLOGY INC BNKJSM5 53.39 5,487 292,950.93
0.31 AXON AXON ENTERPRISE INC BDT5S35 567.98 489 277,742.22
0.31 NXPI NXP SEMICONDUCTORS NV B505PN7 168.79 1,621 273,608.59
0.29 VRSK VERISK ANALYTICS INC B4P9W92 291.88 896 261,524.48
0.28 XEL XCEL ENERGY INC 2614807 69.56 3,647 253,667.09
0.28 CCEP COCA-COLA EUROPA BYQQ3P5 86.60 2,921 252,958.60
0.27 AZN ASTRAZENECA PLC-SPONS ADR 2989044 66.29 3,695 244,941.55
0.27 EA ELECTRONIC ARTS INC 2310194 142.93 1,677 239,693.61
0.27 FANG DIAMONDBACK ENERGY INC B7Y8YR3 129.01 1,855 239,313.55
0.27 BKR BAKER HUGHES CO BDHLTQ5 37.93 6,306 239,186.58
0.26 TTWO TAKE-TWO INTERAC 2122117 212.07 1,112 235,821.84
0.25 KHC KRAFT HEINZ CO/THE BYRY499 29.33 7,724 226,544.92
0.25 CTSH COGNIZANT TECH-A 2257019 70.17 3,159 221,667.03
0.23 ODFL OLD DOMINION FREIGHT LINE 2656423 152.23 1,363 207,489.49
0.23 IDXX IDEXX LABORATORIES INC 2459202 390.94 527 206,025.38
0.23 TEAM ATLASSIAN CORP-CL A BQ1PC76 198.37 1,031 204,519.47
0.23 CSGP COSTAR GROUP INC 2262864 77.39 2,592 200,594.88
0.22 LULU LULULEMON ATHLETICA INC B23FN39 261.03 747 194,989.41
0.22 ZS ZSCALER INC BZ00V34 198.08 979 193,920.32
0.21 DDOG DATADOG INC - CLASS A BKT9Y49 92.02 2,006 184,592.12
0.20 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 62.81 2,901 182,211.81
0.18 DXCM DEXCOM INC B0796X4 66.14 2,480 164,027.20
0.18 ANSS ANSYS INC 2045623 296.31 547 162,081.57
0.16 TTD TRADE DESK INC-A BD8FDD1 49.78 2,868 142,769.04
0.15 MCHP MICROCHIP TECHNOLOGY INC 2592174 38.71 3,419 132,349.49
0.14 CDW CDW CORP/DE BBM5MD6 148.80 833 123,950.40
0.14 WBD WARNER BROS DISCOVERY INC BM8JYX3 7.97 15,538 123,837.86
0.13 GFS GLOBALFOUNDRIES INC BMW7F63 33.33 3,499 116,621.67
0.12 BIIB BIOGEN INC 2455965 115.17 930 107,108.10
0.11 ON ON SEMICONDUCTOR 2583576 35.08 2,709 95,018.18
0.09 ARM ARM HOLDINGS PLC-ADR BNSP5P7 103.99 797 82,880.03
0.09 CASH 1.00 80,352 80,352.37
0.08 MDB MONGODB INC BF2FJ99 162.24 457 74,143.68
0.02 OTHER PAYABLE & RECEIVABLES 1.00 18,952 18,952.33
-0.15 NDX US 04/17/25 C19600 5,390.00 -24 -129,360.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 03/31/25

Sector Weight (%)
Information Technology 49.6
Communication Services 15.4
Consumer Discretionary 13.9
Consumer Staples 6.2
Health Care 5.7
Industrials 5.2
Materials 1.5
Utilities 1.4
Energy 0.6
Financials 0.5

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Semiconductors & Semiconductor Equipment 20.3
Software & Services 18.1
Media & Entertainment 13.3
Technology Hardware & Equipment 11.2
Consumer Discretionary Distribution & Retail 7.8
Pharmaceuticals, Biotechnology & Life Sciences 3.8
Food, Beverage & Tobacco 3.3
Consumer Services 3.1
Consumer Staples Distribution & Retail 2.9
Automobiles & Components 2.7
Commercial & Professional Services 2.7
Other 10.8

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 04/11/25

Return on Equity 24.90%
Weighted Avg. Market Cap 1,147,260 M
2024 2025
Price-to-earnings 28.79 24.09
Price-to-book value 6.70 5.45

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 03/31/25

Versus Beta
S&P 500 0.94
NASDAQ-100 0.76
MSCI EAFE 0.75
MSCI Emg. Mkts 0.62
Standard Deviation 19.10%

Source: new windowAltaVista Research, LLC

ETF Research

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ETF Documents

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.