TYLG


Information Technology Covered Call & Growth ETF

Reasons to Consider TYLG

High Income Potential

TYLG seeks to generate income by writing covered calls on the Information Technology Select Sector SPDR Fund.

Upside Potential

By writing calls on 50% of the Information Technology Select Sector SPDR Fund, the strategy allows investors to capture half the upside potential of the Information Technology Select Sector Index.

Monthly Distributions

TYLG seeks to make distributions on a monthly basis.

Key Information As of 11/20/24

Inception Date 11/21/22
Gross Expense Ratio 0.65%
Net Expense Ratio* 0.60%
Net Assets $9.67 million
NAV $33.34
Fact Sheet View the document

*Fee waivers are contractual and in effect until at least March 1, 2025.


ETF Summary

The Global X Information Technology Covered Call & Growth ETF (TYLG) follows a “covered call” or “buy-write” strategy, in which the Fund buys the stocks in the Information Technology Select Sector Index and the Technology Select Sector SPDR Fund, and “writes” or “sells” corresponding call options on the Information Technology Select Sector SPDR Fund representing approximately 50% of the value of TYLG’s portfolio.

ETF Objective

The Global X Information Technology Covered Call & Growth ETF (TYLG) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P Technology Select Sector Half BuyWrite Index.

Trading Details As of 11/19/24

Ticker TYLG
Bloomberg Index Ticker BXLKH
CUSIP 37960A743
ISIN US37960A7431
Primary Exchange NYSE Arca
Shares Outstanding 290,000
Number of Holdings 71
30-Day Median Bid-Ask Spread 0.24%

Distributions As of 11/20/24

30-Day SEC Yield 0.24%
Unsubsidized 30-Day SEC Yield 0.19%
Trailing 12-Month Distribution (%) 13.12%
Distribution Rate 8.42%
Distribution Frequency Monthly

ETF Prices As of 11/20/24

NAV $33.34 Daily Change -$0.02 -0.06%
Market Price $33.33 Daily Change -$0.03 -0.09%

Performance History

As of recent
(09/30/24)
As of recent
(09/30/24)
Fund NAV Market Price Index
1 Year 30.41% 30.36% 31.82%
Since Inception 28.39% 28.38% 29.45%
1 Year 27.98% 28.09% 29.38%
Since Inception 26.41% 26.46% 27.49%
Year-to-Date 14.92% 15.00% 15.91%
1 Month 2.70% 2.83% 2.82%
3 Months 2.30% 2.18% 2.65%
Since Inception 59.18% 59.17% 61.64%
Year-to-Date 13.90% 14.07% 15.02%
1 Month -0.89% -0.80% -0.77%
3 Months 3.65% 3.82% 4.05%
Since Inception 57.76% 57.89% 60.39%

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 11/19/24

Technology Select Sector SPDR Fund (XLK) Price* 231.33
*Market Price as of 11/19/24

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short Technology Select Sector SPDR Call Option -$4,881,063 235 1.59% 12/20/2024 31

Top Holdings As of 11/20/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
54.15 XLK SPDR-TECH SEL S 2369709 231.13 22,651 5,235,325.63
6.96 NVDA NVIDIA CORP 2379504 145.89 4,615 673,282.35
6.76 AAPL APPLE INC 2046251 229.00 2,854 653,566.00
5.98 MSFT MICROSOFT CORP 2588173 414.66 1,395 578,450.70
1.95 AVGO BROADCOM INC BDZ78H9 163.25 1,152 188,064.00
1.60 CRM SALESFORCE INC 2310525 325.70 474 154,381.80
1.54 ORCL ORACLE CORP 2661568 190.75 782 149,166.50
1.17 CSCO CISCO SYSTEMS INC 2198163 57.50 1,970 113,275.00
1.13 AMD ADVANCED MICRO DEVICES 2007849 137.60 792 108,979.20
1.13 ACN ACCENTURE PLC-CL A B4BNMY3 357.07 305 108,906.35
1.11 ADBE ADOBE INC 2008154 499.50 215 107,392.50
1.05 NOW SERVICENOW INC B80NXX8 1,022.98 99 101,275.02
1.00 IBM IBM 2005973 214.60 449 96,355.40
0.93 INTU INTUIT INC 2459020 650.60 138 89,782.80
0.91 TXN TEXAS INSTRUMENTS INC 2885409 198.19 446 88,392.74
0.87 QCOM QUALCOMM INC 2714923 154.27 543 83,768.61
0.75 CASH 1.00 72,663 72,663.37
0.71 AMAT APPLIED MATERIALS INC 2046552 170.09 406 69,056.54
0.64 PANW PALO ALTO NETWORKS INC B87ZMX0 392.89 157 61,683.73
0.63 PLTR PALANTIR TECHN-A BN78DQ4 62.12 984 61,126.08
0.55 MU MICRON TECHNOLOGY INC 2588184 98.37 540 53,119.80
0.53 ADI ANALOG DEVICES INC 2032067 211.01 242 51,064.42
0.52 INTC INTEL CORP 2463247 24.01 2,086 50,084.86
0.49 ANET ARISTA NETWORKS INC BN33VM5 381.71 125 47,713.75
0.46 LRCX LAM RESEARCH CORP BSML4N7 70.05 636 44,551.80
0.43 SNPS SYNOPSYS INC 2867719 541.56 77 41,700.12
0.43 APH AMPHENOL CORP-CL A 2145084 70.89 588 41,683.32
0.43 CDNS CADENCE DESIGN SYS INC 2302232 304.01 135 41,041.35
0.42 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 492.60 82 40,393.20
0.42 KLAC KLA CORP 2480138 616.83 65 40,093.95
0.41 CRWD CROWDSTRIKE HO-A BJJP138 350.15 113 39,566.95
0.34 ADSK AUTODESK INC 2065159 307.84 107 32,938.88
0.30 ROP ROPER TECHNOLOGIES INC 2749602 549.45 53 29,120.85
0.30 FTNT FORTINET INC B5B2106 92.45 309 28,567.05
0.28 NXPI NXP SEMICONDUCTORS NV B505PN7 220.34 123 27,101.82
0.26 FICO FAIR ISAAC CORP 2330299 2,309.60 11 25,405.60
0.23 TEL TE CONNECTIVITY PLC BRC3N84 147.82 148 21,877.36
0.20 DELL DELL TECHNOLOGIES -C BHKD3S6 133.96 141 18,888.36
0.19 IT GARTNER INC 2372763 518.00 36 18,648.00
0.19 CTSH COGNIZANT TECH-A 2257019 77.57 240 18,616.80
0.18 GLW CORNING INC 2224701 47.35 374 17,708.90
0.18 HPQ HP INC BYX4D52 36.68 477 17,496.36
0.18 MCHP MICROCHIP TECHNOLOGY INC 2592174 65.12 262 17,061.44
0.15 KEYS KEYSIGHT TECHNOLOGIES IN BQZJ0Q9 165.48 86 14,231.28
0.15 ANSS ANSYS INC 2045623 342.24 41 14,031.84
0.15 ON ON SEMICONDUCTOR 2583576 67.31 208 14,000.48
0.14 HPE HEWLETT PACKA BYVYWS0 21.18 636 13,470.48
0.14 MPWR MONOLITHIC POWER B01Z7J1 560.06 24 13,441.44
0.14 TYL TYLER TECHNOLOGIES INC 2909644 601.14 22 13,225.08
0.13 GDDY GODADDY INC - CLASS A BWFRFC6 190.12 68 12,928.16
0.13 NTAP NETAPP INC 2630643 123.45 98 12,098.10
0.12 TDY TELEDYNE TECHNOLOGIES INC 2503477 470.45 24 11,290.80
0.12 CDW CDW CORP/DE BBM5MD6 175.99 64 11,263.36
0.12 PTC PTC INC B95N910 188.50 59 11,121.50
0.10 ZBRA ZEBRA TECH CORP 2989356 384.53 26 9,997.78
0.10 WDC WESTERN DIGITAL CORP 2954699 63.84 156 9,959.04
0.10 STX SEAGATE TECHNOLO BKVD2N4 98.02 100 9,802.00
0.10 FSLR FIRST SOLAR INC B1HMF22 184.84 52 9,611.68
0.09 TRMB TRIMBLE INC 2903958 70.48 119 8,387.12
0.09 TER TERADYNE INC 2884183 103.58 80 8,286.40
0.08 GEN GEN DIGITAL INC BJN4XN5 29.44 265 7,801.60
0.07 JBL JABIL INC 2471789 128.18 56 7,178.08
0.07 VRSN VERISIGN INC 2142922 181.41 38 6,893.58
0.07 FFIV F5 INC 2427599 242.02 27 6,534.54
0.07 SWKS SKYWORKS SOLUTIONS INC 2961053 83.43 78 6,507.54
0.07 AKAM AKAMAI TECHNOLOGIES INC 2507457 87.96 73 6,421.08
0.07 EPAM EPAM SYSTEMS INC B44Z3T8 234.50 27 6,331.50
0.07 SMCI SUPER MICRO COMPUTER INC BRC3N73 25.80 242 6,243.60
0.06 JNPR JUNIPER NETWORKS INC 2431846 35.66 159 5,669.94
0.04 ENPH ENPHASE ENERGY INC B65SQW4 63.38 65 4,119.70
0.03 QRVO QORVO INC BR9YYP4 65.66 47 3,086.02
-0.70 OTHER PAYABLE & RECEIVABLES 1.00 -67,296 -67,296.02
-0.91 2XLK US 12/20/2024 C235 417.49 -211 -88,090.38
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 10/31/24

Industry Weight (%)
Software & Services 39.7
Semiconductors & Semiconductor Equipment 35.6
Technology Hardware & Equipment 23.8
Capital Goods 0.9

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 11/19/24

Return on Equity 23.40%
Weighted Avg. Market Cap 634,574 M
2023 2024
Price-to-earnings 38.26 32.87
Price-to-book value 8.41 7.08

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 10/31/24

Versus Beta
S&P 500 0.87
NASDAQ-100 0.78
MSCI EAFE 0.52
MSCI Emg. Mkts 0.55
Standard Deviation 12.40%

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 TYLG to loss due to adverse occurrences that may affect that industry or sector. Investors in TYLG should be willing to accept a high degree of volatility in the price of the fund’s shares and the possibility of significant losses. The Fund invests in securities of companies engaged in Information Technology, which can be affected by rapid product obsolescence and intense industry competition.

TYLG 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. 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. TYLG 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.

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 Cboe, nor does Cboe 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 Cboe.