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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 02/12/25

Inception Date 11/21/22
Gross Expense Ratio 0.65%
Net Expense Ratio* 0.60%
Net Assets $10.64 million
NAV $34.34
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 02/12/25

Ticker TYLG
Bloomberg Index Ticker BXLKH
CUSIP 37960A743
ISIN US37960A7431
Primary Exchange NYSE Arca
Shares Outstanding 310,000
Number of Holdings 71
30-Day Median Bid-Ask Spread 0.24%

Distributions As of 02/12/25

30-Day SEC Yield 0.22%
Unsubsidized 30-Day SEC Yield 0.17%
Trailing 12-Month Distribution (%) 1 7.25%
Distribution Rate 2 6.09%
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 02/12/25

NAV $34.34 Daily Change -$0.02 -0.06%
Market Price $34.35 Daily Change -$0.06 -0.17%

Performance History

As of recent
(12/31/24)
As of recent
(12/31/24)
Fund NAV Market Price Index
1 Year 20.38% 20.56% 21.87%
Since Inception 27.38% 27.43% 28.54%
1 Year 17.84% 17.74% 19.20%
Since Inception 26.24% 26.36% 27.39%
Year-to-Date 20.38% 20.56% 21.87%
1 Month 0.64% 0.66% 0.76%
3 Months 4.74% 4.84% 5.14%
Since Inception 66.73% 66.86% 69.95%
Year-to-Date 0.08% 0.20% 0.17%
1 Month 0.08% 0.20% 0.17%
3 Months 5.78% 5.90% 6.14%
Since Inception 66.87% 67.20% 70.23%

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 02/11/25

Technology Select Sector SPDR Fund (XLK) Price* 236.33
*Market Price as of 02/11/25

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short Technology Select Sector SPDR Call Option -$5,364,691 235 0.00% 02/21/2025 10

Top Holdings As of 02/12/25

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
54.01 XLK SPDR-TECH SEL S 2369709 235.82 24,377 5,748,584.14
6.73 AAPL APPLE INC 2046251 236.87 3,025 716,531.75
6.05 NVDA NVIDIA CORP 2379504 131.14 4,911 644,028.54
5.72 MSFT MICROSOFT CORP 2588173 409.04 1,488 608,651.52
2.75 AVGO BROADCOM INC BDZ78H9 236.35 1,239 292,837.65
1.55 CRM SALESFORCE INC 2310525 326.12 506 165,016.72
1.38 ORCL ORACLE CORP 2661568 172.22 854 147,075.88
1.23 CSCO CISCO SYSTEMS INC 2198163 62.53 2,101 131,375.53
1.19 PLTR PALANTIR TECHN-A BN78DQ4 117.39 1,081 126,898.59
1.19 ACN ACCENTURE PLC-CL A B4BNMY3 388.83 325 126,369.75
1.18 IBM IBM 2005973 255.81 489 125,091.09
1.00 NOW SERVICENOW INC B80NXX8 982.40 108 106,099.20
1.00 ADBE ADOBE INC 2008154 462.76 229 105,972.04
0.94 QCOM QUALCOMM INC 2714923 170.29 586 99,789.94
0.89 AMD ADVANCED MICRO DEVICES 2007849 111.72 846 94,515.12
0.82 TXN TEXAS INSTRUMENTS INC 2885409 179.99 486 87,475.14
0.80 INTU INTUIT INC 2459020 576.54 148 85,327.92
0.74 AMAT APPLIED MATERIALS INC 2046552 180.89 434 78,506.26
0.64 PANW PALO ALTO NETWORKS INC B87ZMX0 196.73 345 67,871.85
0.55 ANET ARISTA NETWORKS INC BL9XPM3 109.64 533 58,438.12
0.52 LRCX LAM RESEARCH CORP BSML4N7 81.57 678 55,304.46
0.50 ADI ANALOG DEVICES INC 2032067 205.13 258 52,923.54
0.50 MU MICRON TECHNOLOGY INC 2588184 91.68 576 52,807.68
0.49 CRWD CROWDSTRIKE HO-A BJJP138 434.63 121 52,590.23
0.49 KLAC KLA CORP 2480138 750.55 69 51,787.95
0.47 INTC INTEL CORP 2463247 22.48 2,227 50,062.96
0.41 APH AMPHENOL CORP-CL A 2145084 69.73 628 43,790.44
0.40 CDNS CADENCE DESIGN SYS INC 2302232 294.05 145 42,636.53
0.40 SNPS SYNOPSYS INC 2867719 509.71 83 42,305.93
0.39 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 466.90 88 41,087.20
0.33 FTNT FORTINET INC B5B2106 107.70 329 35,433.30
0.32 ADSK AUTODESK INC 2065159 297.28 115 34,187.20
0.30 ROP ROPER TECHNOLOGIES INC 2749602 566.76 57 32,305.32
0.27 WDAY WORKDAY INC-CLASS A B8K6ZD1 257.92 112 28,887.04
0.27 NXPI NXP SEMICONDUCTORS NV B505PN7 219.79 131 28,792.49
0.22 TEL TE CONNECTIVITY PLC BRC3N84 146.49 158 23,145.42
0.22 FICO FAIR ISAAC CORP 2330299 1,767.41 13 22,976.33
0.21 CTSH COGNIZANT TECH-A 2257019 88.08 256 22,548.48
0.20 GLW CORNING INC 2224701 52.01 400 20,804.00
0.18 IT GARTNER INC 2372763 513.77 38 19,523.26
0.17 MPWR MONOLITHIC POWER B01Z7J1 699.46 26 18,185.96
0.16 DELL DELL TECHNOLOGIES -C BHKD3S6 112.92 151 17,050.92
0.16 HPQ HP INC BYX4D52 33.04 509 16,817.36
0.15 KEYS KEYSIGHT TECHNOLOGIES IN BQZJ0Q9 177.74 92 16,352.08
0.14 MCHP MICROCHIP TECHNOLOGY INC 2592174 53.85 280 15,078.00
0.14 GDDY GODADDY INC - CLASS A BWFRFC6 207.53 72 14,942.16
0.14 TYL TYLER TECHNOLOGIES INC 2909644 610.27 24 14,646.48
0.14 ANSS ANSYS INC 2045623 334.12 43 14,367.16
0.13 HPE HEWLETT PACKA BYVYWS0 21.09 678 14,299.02
0.13 CASH 1.00 14,161 14,161.04
0.12 TDY TELEDYNE TECHNOLOGIES INC 2503477 505.92 26 13,153.92
0.12 CDW CDW CORP/DE BBM5MD6 188.94 68 12,847.92
0.12 NTAP NETAPP INC 2630643 117.90 104 12,261.60
0.11 WDC WESTERN DIGITAL CORP 2954699 67.28 167 11,235.76
0.10 ON ON SEMICONDUCTOR 2583576 50.06 222 11,113.32
0.10 STX SEAGATE TECHNOLO BKVD2N4 99.21 106 10,516.26
0.10 PTC PTC INC B95N910 166.57 63 10,493.91
0.10 SMCI SUPER MICRO COMPUTER INC BRC3N73 39.68 258 10,237.44
0.10 JBL JABIL INC 2471789 168.83 60 10,129.80
0.09 ZBRA ZEBRA TECH CORP 2989356 352.92 28 9,881.76
0.09 TER TERADYNE INC 2884183 111.54 86 9,592.44
0.09 TRMB TRIMBLE INC 2903958 73.29 127 9,307.83
0.09 VRSN VERISIGN INC 2142922 227.49 40 9,099.60
0.09 FFIV F5 INC 2427599 310.60 29 9,007.40
0.08 FSLR FIRST SOLAR INC B1HMF22 158.61 56 8,882.16
0.07 AKAM AKAMAI TECHNOLOGIES INC 2507457 101.06 77 7,781.62
0.07 GEN GEN DIGITAL INC BJN4XN5 27.43 283 7,762.69
0.07 EPAM EPAM SYSTEMS INC B44Z3T8 264.99 29 7,684.71
0.06 JNPR JUNIPER NETWORKS INC 2431846 36.35 169 6,143.15
0.05 SWKS SKYWORKS SOLUTIONS INC 2961053 66.19 84 5,559.96
0.04 ENPH ENPHASE ENERGY INC B65SQW4 61.12 69 4,217.28
0.00 OTHER PAYABLE & RECEIVABLES 1.00 131 131.21
-0.74 2XLK US 02/21/2025 C235 347.50 -227 -78,883.38
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 01/31/25

Industry Weight (%)
Software & Services 42.6
Semiconductors & Semiconductor Equipment 32.9
Technology Hardware & Equipment 24.6

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 02/12/25

Return on Equity 29.00%
Weighted Avg. Market Cap 806,820 M
2024 2025
Price-to-earnings 33.48 27.57
Price-to-book value 8.98 7.19

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 01/31/25

Versus Beta
S&P 500 0.81
NASDAQ-100 0.78
MSCI EAFE 0.44
MSCI Emg. Mkts 0.47
Standard Deviation 11.70%

Source: new windowAltaVista Research, LLC

ETF Research

Augmenting Exposure to Information Technology with Covered Calls

Read the Full ArticleRead More

Introducing the Global X Sector Covered Call & Growth ETFs (TYLG, FYLG, HYLG)

Read the Full ArticleRead More

ETF Documents

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.