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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 04/23/24

Inception Date 09/18/20
Total Expense Ratio 0.35%
Net Assets $114.50 million
NAV $29.44
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 04/23/24

Ticker QYLG
Bloomberg Index Ticker BXNH
CUSIP 37954Y269
ISIN US37954Y2697
Primary Exchange Nasdaq
Shares Outstanding 3,890,000
Number of Holdings 102
30-Day Median Bid-Ask Spread 0.36%

Distributions As of 04/23/24

30-Day SEC Yield 0.25%
12-Month Trailing Yield 6.32%
Distribution Yield 6.06%
Distribution Frequency Monthly

ETF Prices As of 04/23/24

NAV $29.44 Daily Change $0.34 1.17%
Market Price $29.46 Daily Change $0.42 1.45%

Performance History

As of recent month & quarter-end (03/31/24)
As of recent month & quarter-end (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 28.24% 28.42% 28.90%
3 Years 8.50% 8.49% 9.13%
Since Inception 12.03% 12.11% 12.69%
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 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%

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 04/23/24

Nasdaq 100 Price 17,471.50

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short NASDAQ Call Option -$57,655,853 17250 0.00% 05/17/2024 24

Top Holdings As of 04/23/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
8.98 MSFT MICROSOFT CORP 2588173 407.57 25,228 10,282,175.96
7.64 AAPL APPLE INC 2046251 166.90 52,430 8,750,567.00
6.11 NVDA NVIDIA CORP 2379504 824.23 8,489 6,996,888.47
5.53 AMZN AMAZON.COM INC 2000019 179.54 35,271 6,332,555.34
5.15 META META PLATFORMS INC B7TL820 496.10 11,886 5,896,644.60
4.43 AVGO BROADCOM INC BDZ78H9 1,249.19 4,063 5,075,458.97
2.77 GOOGL ALPHABET INC-CL A BYVY8G0 158.26 20,012 3,167,099.12
2.69 GOOG ALPHABET INC-CL C BYY88Y7 159.92 19,258 3,079,739.36
2.46 COST COSTCO WHOLESALE CORP 2701271 722.68 3,892 2,812,670.56
2.07 TSLA TESLA INC B616C79 144.68 16,373 2,368,845.64
1.92 NFLX NETFLIX INC 2857817 577.75 3,797 2,193,716.75
1.89 AMD ADVANCED MICRO DEVICES 2007849 152.27 14,174 2,158,274.98
1.80 PEP PEPSICO INC 2681511 171.22 12,058 2,064,570.76
1.64 LIN LINDE PLC BNZHB81 445.06 4,226 1,880,823.56
1.64 ADBE ADOBE INC 2008154 472.90 3,965 1,875,048.50
1.50 CSCO CISCO SYSTEMS INC 2198163 48.32 35,527 1,716,664.64
1.49 TMUS T-MOBILE US INC B94Q9V0 163.25 10,415 1,700,248.75
1.38 QCOM QUALCOMM INC 2714923 161.35 9,792 1,579,939.20
1.35 INTU INTUIT INC 2459020 630.88 2,456 1,549,441.28
1.23 AMAT APPLIED MATERIALS INC 2046552 193.24 7,292 1,409,106.08
1.23 CMCSA COMCAST CORP-CLASS A 2044545 40.36 34,771 1,403,357.56
1.15 TXN TEXAS INSTRUMENTS INC 2885409 165.47 7,978 1,320,119.66
1.12 AMGN AMGEN INC 2023607 273.54 4,703 1,286,458.62
1.11 INTC INTEL CORP 2463247 34.28 37,104 1,271,925.12
1.02 ISRG INTUITIVE SURGICAL INC 2871301 377.08 3,093 1,166,308.44
0.98 HON HONEYWELL INTL 2020459 196.16 5,725 1,123,016.00
0.95 MU MICRON TECHNOLOGY INC 2588184 112.46 9,686 1,089,287.56
0.93 BKNG BOOKING HOLDINGS INC BDRXDB4 3,533.99 301 1,063,730.99
0.89 LRCX LAM RESEARCH CORP 2502247 887.42 1,151 1,021,420.42
0.80 VRTX VERTEX PHARM 2931034 404.91 2,266 917,526.06
0.78 ADP AUTOMATIC DATA PROCESSING 2065308 246.84 3,606 890,105.04
0.76 SBUX STARBUCKS CORP 2842255 87.87 9,942 873,603.54
0.75 REGN REGENERON PHARMACEUTICALS 2730190 907.32 946 858,324.72
0.73 MDLZ MONDELEZ INTER-A B8CKK03 70.75 11,822 836,406.50
0.73 PANW PALO ALTO NETWORKS INC B87ZMX0 293.49 2,836 832,337.64
0.72 ADI ANALOG DEVICES INC 2032067 189.93 4,354 826,955.22
0.67 KLAC KLA CORP 2480138 648.21 1,187 769,425.27
0.66 PDD PDD HOLDINGS INC BYVW0F7 128.02 5,860 750,197.20
0.64 GILD GILEAD SCIENCES INC 2369174 67.03 10,933 732,838.99
0.61 SNPS SYNOPSYS INC 2867719 527.50 1,329 701,047.50
0.61 CASH 1.00 696,385 696,384.92
0.59 ASML ASML HOLDING-NY B908F01 901.57 752 677,980.64
0.59 CDNS CADENCE DESIGN SYS INC 2302232 281.76 2,386 672,279.36
0.54 MELI MERCADOLIBRE INC B23X1H3 1,395.00 441 615,195.00
0.54 ABNB AIRBNB INC-CLASS A BMGYYH4 160.95 3,815 614,024.25
0.53 MAR MARRIOTT INTL-A 2210614 239.69 2,544 609,771.36
0.52 PYPL PAYPAL HOLDINGS INC BYW36M8 64.43 9,319 600,423.17
0.52 CRWD CROWDSTRIKE HO-A BJJP138 299.65 1,995 597,801.75
0.52 CTAS CINTAS CORP 2197137 666.33 890 593,033.70
0.52 CSX CSX CORP 2160753 34.72 17,041 591,663.52
0.49 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,092.35 514 561,467.90
0.46 CEG CONSTELLATION ENERGY BMH4FS1 188.25 2,768 521,076.00
0.45 PCAR PACCAR INC 2665861 113.32 4,559 516,625.88
0.45 NXPI NXP SEMICONDUCTORS NV B505PN7 225.61 2,262 510,329.82
0.44 ROP ROPER TECHNOLOGIES INC 2749602 539.62 930 501,846.60
0.43 MNST MONSTER BEVERAGE CORP BZ07BW4 53.73 9,114 489,695.22
0.42 MRVL MARVELL TECHNOLOGY INC BNKJSM5 63.86 7,511 479,652.46
0.41 WDAY WORKDAY INC-CLASS A B8K6ZD1 256.82 1,837 471,778.34
0.40 CPRT COPART INC 2208073 54.31 8,413 456,910.03
0.40 DXCM DEXCOM INC B0796X4 134.00 3,389 454,126.00
0.38 FTNT FORTINET INC B5B2106 64.80 6,680 432,864.00
0.37 DASH DOORDASH INC - A BN13P03 129.36 3,311 428,310.96
0.36 ODFL OLD DOMINION FREIGHT LINE 2656423 219.28 1,885 413,342.80
0.36 KHC KRAFT HEINZ CO/THE BYRY499 38.07 10,723 408,224.61
0.36 ADSK AUTODESK INC 2065159 217.93 1,864 406,221.52
0.35 MCHP MICROCHIP TECHNOLOGY INC 2592174 86.19 4,695 404,662.05
0.34 AEP AMERICAN ELECTRIC POWER 2026242 85.56 4,606 394,089.36
0.34 ROST ROSS STORES INC 2746711 133.09 2,950 392,615.50
0.34 KDP KEURIG DR PEPPER INC BD3W133 31.76 12,238 388,678.88
0.34 LULU LULULEMON ATHLETICA INC B23FN39 364.68 1,062 387,290.16
0.34 PAYX PAYCHEX INC 2674458 121.62 3,160 384,319.20
0.31 IDXX IDEXX LABORATORIES INC 2459202 493.80 724 357,511.20
0.31 AZN ASTRAZENECA PLC-SPONS ADR 2989044 70.85 5,039 357,013.15
0.31 MRNA MODERNA INC BGSXTS3 107.89 3,305 356,576.45
0.30 CHTR CHARTER COMMUN-A BZ6VT82 266.31 1,279 340,610.49
0.30 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 86.24 3,941 339,871.84
0.29 DDOG DATADOG INC - CLASS A BKT9Y49 126.44 2,646 334,560.24
0.29 FAST FASTENAL CO 2332262 67.12 4,956 332,646.72
0.29 EXC EXELON CORP 2670519 37.56 8,710 327,147.60
0.28 FANG DIAMONDBACK ENERGY INC B7Y8YR3 204.37 1,563 319,430.31
0.28 TTD TRADE DESK INC-A BD8FDD1 81.07 3,904 316,497.28
0.26 CSGP COSTAR GROUP INC 2262864 84.62 3,569 302,008.78
0.26 EA ELECTRONIC ARTS INC 2310194 127.14 2,331 296,363.34
0.26 CTSH COGNIZANT TECH-A 2257019 67.77 4,341 294,189.57
0.25 BKR BAKER HUGHES CO BDHLTQ5 33.00 8,797 290,301.00
0.25 CDW CDW CORP/DE BBM5MD6 240.47 1,172 281,830.84
0.25 VRSK VERISK ANALYTICS INC B4P9W92 222.25 1,265 281,146.25
0.24 TEAM ATLASSIAN CORP-CL A BQ1PC76 199.44 1,387 276,623.28
0.24 CCEP COCA-COLA EUROPA BYQQ3P5 69.13 3,937 272,164.81
0.23 XEL XCEL ENERGY INC 2614807 55.27 4,814 266,069.78
0.22 ANSS ANSYS INC 2045623 325.97 760 247,737.20
0.21 BIIB BIOGEN INC 2455965 193.18 1,263 243,986.34
0.20 DLTR DOLLAR TREE INC 2272476 122.56 1,903 233,231.68
0.20 ON ON SEMICONDUCTOR 2583576 61.68 3,731 230,128.08
0.20 ZS ZSCALER INC BZ00V34 176.92 1,290 228,226.80
0.20 MDB MONGODB INC BF2FJ99 366.31 623 228,211.13
0.19 GFS GLOBALFOUNDRIES INC BMW7F63 46.35 4,776 221,367.60
0.18 TTWO TAKE-TWO INTERAC 2122117 141.72 1,466 207,761.52
0.16 WBD WARNER BROS DISCOVERY INC BM8JYX3 8.44 21,243 179,290.92
0.15 ILMN ILLUMINA INC 2613990 124.46 1,389 172,874.94
0.12 WBA WALGREENS BOOTS BTN1Y44 18.05 7,508 135,519.40
0.09 SIRI SIRIUS XM HOLDINGS INC BGLDK10 3.16 33,196 104,899.36
-0.50 OTHER PAYABLE & RECEIVABLES 1.00 -572,393 -572,393.35
-1.40 NDX US 05/17/24 C17250 48,675.00 -33 -1,606,275.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 03/31/24

Sector Weight (%)
Information Technology 51.2
Communication Services 15.5
Consumer Discretionary 13.1
Health Care 6.2
Consumer Staples 6.1
Industrials 4.0
Materials 1.6
Utilities 1.3
Energy 0.5
Financials 0.5

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Semiconductors 19.2
Packaged Software 15.8
Internet Software/Services 13.4
Telecommunications Equipment 8.9
Internet Retail 6.0
Biotechnology 4.0
Specialty Stores 2.8
Beverages: Non-Alcoholic 2.7
Information Technology Services 2.4
Motor Vehicles 2.3
Other Consumer Services 1.9
Other 20.6

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 04/23/24

Return on Equity 23.50%
Weighted Avg. Market Cap 1,035,290 M
2023 2024
Price-to-earnings 30.05 25.85
Price-to-book value 6.69 5.56

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 03/31/24

Versus Beta
S&P 500 0.89
NASDAQ-100 0.76
MSCI EAFE 0.75
MSCI Emg. Mkts 0.58
Standard Deviation 17.40%

Source: new windowAltaVista Research, LLC

ETF Research

Enhancing Retirement Portfolios with Global X’s Options Strategies

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 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.