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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 04/23/25

Inception Date 09/18/20
Total Expense Ratio 0.35%
Net Assets $88.25 million
NAV $24.72
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 04/22/25

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 0.49%

Distributions As of 04/23/25

30-Day SEC Yield 0.52%
Trailing 12-Month Distribution (%) 1 26.70%
Distribution Rate 2 11.28%
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 04/23/25

NAV $24.72 Daily Change $0.41 1.69%
Market Price $24.66 Daily Change $0.35 1.44%

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 04/22/25

Nasdaq 100 Price 18,276.41

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short NASDAQ Call Option -$43,863,384 18200 0.00% 05/16/2025 24

Top Holdings As of 04/23/25

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
9.14 AAPL APPLE INC 2046251 204.60 39,309 8,042,621.40
8.28 MSFT MICROSOFT CORP 2588173 374.39 19,453 7,283,008.67
7.45 NVDA NVIDIA CORP 2379504 102.71 63,851 6,558,136.21
5.69 AMZN AMAZON.COM INC 2000019 180.60 27,735 5,008,941.00
4.08 AVGO BROADCOM INC BDZ78H9 176.91 20,292 3,589,857.72
3.39 META META PLATFORMS INC B7TL820 520.27 5,733 2,982,707.91
3.29 NFLX NETFLIX INC 2857817 1,049.59 2,755 2,891,620.45
3.17 COST COSTCO WHOLESALE CORP 2701271 975.84 2,859 2,789,926.56
2.71 TSLA TESLA INC B616C79 250.74 9,516 2,386,041.84
2.70 GOOGL ALPHABET INC-CL A BYVY8G0 155.35 15,271 2,372,349.85
2.58 GOOG ALPHABET INC-CL C BYY88Y7 157.72 14,393 2,270,063.96
2.17 TMUS T-MOBILE US INC B94Q9V0 259.35 7,355 1,907,519.25
1.66 PLTR PALANTIR TECHN-A BN78DQ4 100.82 14,493 1,461,184.26
1.62 CSCO CISCO SYSTEMS INC 2198163 55.63 25,637 1,426,186.31
1.55 LIN LINDE PLC BNZHB81 448.21 3,047 1,365,695.87
1.43 PEP PEPSICO INC 2681511 142.26 8,840 1,257,578.40
1.28 ISRG INTUITIVE SURGICAL INC 2871301 487.93 2,300 1,122,239.00
1.22 INTU INTUIT INC 2459020 596.05 1,802 1,074,082.10
1.14 QCOM QUALCOMM INC 2714923 140.46 7,131 1,001,620.26
1.13 BKNG BOOKING HOLDINGS INC BDRXDB4 4,731.03 211 998,247.33
1.12 ADBE ADOBE INC 2008154 351.96 2,804 986,895.84
1.09 AMGN AMGEN INC 2023607 277.90 3,464 962,645.60
1.07 AMD ADVANCED MICRO DEVICES 2007849 90.39 10,450 944,575.50
1.02 CASH 1.00 896,565 896,565.05
1.02 TXN TEXAS INSTRUMENTS INC 2885409 152.15 5,871 893,272.65
0.97 GILD GILEAD SCIENCES INC 2369174 106.38 8,032 854,444.16
0.95 CMCSA COMCAST CORP-CLASS A 2044545 34.47 24,327 838,551.69
0.94 HON HONEYWELL INTL 2020459 197.31 4,192 827,123.52
0.93 VRTX VERTEX PHARM 2931034 492.42 1,656 815,447.52
0.88 ADP AUTOMATIC DATA PROCESSING 2065308 293.54 2,625 770,542.50
0.86 AMAT APPLIED MATERIALS INC 2046552 143.58 5,241 752,502.78
0.82 PANW PALO ALTO NETWORKS INC B87ZMX0 168.32 4,272 719,063.04
0.80 MELI MERCADOLIBRE INC B23X1H3 2,139.92 327 699,753.84
0.69 SBUX STARBUCKS CORP 2842255 82.81 7,332 607,162.92
0.67 ADI ANALOG DEVICES INC 2032067 183.11 3,202 586,318.22
0.66 CRWD CROWDSTRIKE HO-A BJJP138 385.75 1,510 582,482.50
0.65 INTC INTEL CORP 2463247 20.59 27,962 575,737.58
0.65 MDLZ MONDELEZ INTER-A B8CKK03 67.38 8,426 567,743.88
0.64 KLAC KLA CORP 2480138 657.11 853 560,514.83
0.63 LRCX LAM RESEARCH CORP BSML4N7 66.73 8,290 553,191.70
0.62 CTAS CINTAS CORP 2197137 207.69 2,606 541,240.14
0.60 MSTR MICROSTRATEGY INC-CL A 2974329 345.73 1,536 531,041.28
0.60 MU MICRON TECHNOLOGY INC 2588184 72.93 7,197 524,877.21
0.58 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,380.50 367 506,643.50
0.57 APP APPLOVIN CORP-CLASS A BMV3LG4 252.35 1,998 504,195.30
0.55 FTNT FORTINET INC B5B2106 97.00 4,967 481,799.00
0.53 CDNS CADENCE DESIGN SYS INC 2302232 265.42 1,771 470,058.82
0.53 DASH DOORDASH INC - A BN13P03 181.19 2,549 461,853.31
0.49 PDD PDD HOLDINGS INC BYVW0F7 100.43 4,318 433,656.74
0.48 CEG CONSTELLATION ENERGY BMH4FS1 209.80 1,993 418,131.40
0.47 SNPS SYNOPSYS INC 2867719 422.23 985 415,896.55
0.47 MAR MARRIOTT INTL-A 2210614 229.79 1,782 409,485.78
0.46 REGN REGENERON PHARMACEUTICALS 2730190 587.85 695 408,555.75
0.45 PYPL PAYPAL HOLDINGS INC BYW36M8 62.46 6,314 394,372.44
0.44 ASML ASML HOLDING-NY B908F01 657.98 584 384,260.32
0.43 CPRT COPART INC 2208073 61.05 6,248 381,409.16
0.43 ROP ROPER TECHNOLOGIES INC 2749602 551.08 684 376,938.72
0.42 MNST MONSTER BEVERAGE CORP BZ07BW4 59.09 6,293 371,853.37
0.42 AEP AMERICAN ELECTRIC POWER 2026242 107.02 3,448 369,004.96
0.41 ADSK AUTODESK INC 2065159 264.44 1,370 362,282.80
0.39 CSX CSX CORP 2160753 27.59 12,318 339,853.62
0.38 PAYX PAYCHEX INC 2674458 143.22 2,329 333,559.38
0.37 ABNB AIRBNB INC-CLASS A BMGYYH4 118.28 2,758 326,216.24
0.35 WDAY WORKDAY INC-CLASS A B8K6ZD1 224.87 1,364 306,722.68
0.35 CHTR CHARTER COMMUN-A BZ6VT82 337.51 904 305,109.04
0.35 EXC EXELON CORP 2670519 46.80 6,507 304,527.60
0.34 KDP KEURIG DR PEPPER INC BD3W133 35.19 8,609 302,950.71
0.34 PCAR PACCAR INC 2665861 89.08 3,398 302,693.84
0.34 MRVL MARVELL TECHNOLOGY INC BNKJSM5 53.77 5,603 301,273.31
0.34 FAST FASTENAL CO 2332262 80.19 3,713 297,745.47
0.33 NXPI NXP SEMICONDUCTORS NV B505PN7 180.87 1,616 292,285.92
0.33 ROST ROSS STORES INC 2746711 138.22 2,111 291,782.42
0.32 AXON AXON ENTERPRISE INC BDT5S35 576.90 488 281,527.20
0.30 CCEP COCA-COLA EUROPA BYQQ3P5 88.84 2,987 265,365.08
0.30 XEL XCEL ENERGY INC 2614807 71.55 3,637 260,227.35
0.29 VRSK VERISK ANALYTICS INC B4P9W92 290.05 893 259,014.65
0.29 AZN ASTRAZENECA PLC-SPONS ADR 2989044 68.51 3,684 252,390.84
0.29 FANG DIAMONDBACK ENERGY INC B7Y8YR3 135.54 1,850 250,749.00
0.28 TTWO TAKE-TWO INTERAC 2122117 213.30 1,144 244,015.20
0.27 EA ELECTRONIC ARTS INC 2310194 143.73 1,672 240,316.56
0.26 KHC KRAFT HEINZ CO/THE BYRY499 30.09 7,702 231,753.18
0.26 BKR BAKER HUGHES CO BDHLTQ5 35.89 6,288 225,676.32
0.26 IDXX IDEXX LABORATORIES INC 2459202 426.63 526 224,407.38
0.25 CTSH COGNIZANT TECH-A 2257019 71.03 3,150 223,744.50
0.25 TEAM ATLASSIAN CORP-CL A BQ1PC76 208.27 1,064 221,599.28
0.24 CSGP COSTAR GROUP INC 2262864 81.83 2,585 211,530.55
0.24 ODFL OLD DOMINION FREIGHT LINE 2656423 153.23 1,359 208,239.57
0.23 LULU LULULEMON ATHLETICA INC B23FN39 265.85 745 198,058.25
0.22 ZS ZSCALER INC BZ00V34 200.59 976 195,775.84
0.22 DDOG DATADOG INC - CLASS A BKT9Y49 94.58 2,000 189,160.00
0.21 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 64.89 2,893 187,726.77
0.20 ANSS ANSYS INC 2045623 308.60 569 175,593.40
0.19 DXCM DEXCOM INC B0796X4 66.86 2,473 165,344.78
0.16 TTD TRADE DESK INC-A BD8FDD1 50.08 2,860 143,228.80
0.16 MCHP MICROCHIP TECHNOLOGY INC 2592174 41.93 3,409 142,939.37
0.15 WBD WARNER BROS DISCOVERY INC BM8JYX3 8.33 15,494 129,065.02
0.15 CDW CDW CORP/DE BBM5MD6 154.86 831 128,688.66
0.13 GFS GLOBALFOUNDRIES INC BMW7F63 33.11 3,489 115,520.79
0.12 BIIB BIOGEN INC 2455965 118.17 927 109,543.59
0.11 ON ON SEMICONDUCTOR 2583576 36.62 2,701 98,910.62
0.10 ARM ARM HOLDINGS PLC-ADR BNSP5P7 105.16 860 90,437.60
0.08 MDB MONGODB INC BF2FJ99 162.66 456 74,172.96
-0.95 OTHER PAYABLE & RECEIVABLES 1.00 -836,890 -836,889.73
-2.44 NDX US 05/16/25 C18200 89,285.00 -24 -2,142,840.00
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 04/22/25

Return on Equity 24.90%
Weighted Avg. Market Cap 1,147,260 M
2024 2025
Price-to-earnings 27.94 23.38
Price-to-book value 6.48 5.27

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

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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.