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 04/25/24

Inception Date 09/18/20
Total Expense Ratio 0.35%
Net Assets $114.30 million
NAV $29.38
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 04/24/24

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 04/25/24

30-Day SEC Yield 0.25%
12-Month Trailing Yield 5.88%
Distribution Yield 6.07%
Distribution Frequency Monthly

ETF Prices As of 04/25/24

NAV $29.38 Daily Change -$0.11 -0.37%
Market Price $29.42 Daily Change -$0.11 -0.37%

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 04/24/24

Nasdaq 100 Price 17,526.80

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short NASDAQ Call Option -$57,838,443 17250 0.00% 05/17/2024 23

Top Holdings As of 04/25/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
8.81 MSFT MICROSOFT CORP 2588173 399.04 25,228 10,066,981.12
7.79 AAPL APPLE INC 2046251 169.89 52,430 8,907,332.70
6.14 NVDA NVIDIA CORP 2379504 826.32 8,489 7,014,630.48
5.36 AMZN AMAZON.COM INC 2000019 173.67 35,271 6,125,514.57
4.60 AVGO BROADCOM INC BDZ78H9 1,294.42 4,063 5,259,228.46
4.59 META META PLATFORMS INC B7TL820 441.38 11,886 5,246,242.68
2.73 GOOGL ALPHABET INC-CL A BYVY8G0 156.00 20,012 3,121,872.00
2.66 GOOG ALPHABET INC-CL C BYY88Y7 157.95 19,258 3,041,801.10
2.46 COST COSTCO WHOLESALE CORP 2701271 721.86 3,892 2,809,479.12
2.44 TSLA TESLA INC B616C79 170.18 16,373 2,786,357.14
1.91 AMD ADVANCED MICRO DEVICES 2007849 153.76 14,174 2,179,394.24
1.88 NFLX NETFLIX INC 2857817 564.80 3,797 2,144,545.60
1.86 PEP PEPSICO INC 2681511 176.68 12,058 2,130,407.44
1.64 ADBE ADOBE INC 2008154 473.44 3,965 1,877,189.60
1.64 LIN LINDE PLC BNZHB81 443.83 4,226 1,875,625.58
1.50 CSCO CISCO SYSTEMS INC 2198163 48.10 35,527 1,708,848.70
1.50 TMUS T-MOBILE US INC B94Q9V0 164.05 10,415 1,708,580.75
1.40 QCOM QUALCOMM INC 2714923 163.30 9,792 1,599,033.60
1.35 INTU INTUIT INC 2459020 626.39 2,456 1,538,413.84
1.26 AMAT APPLIED MATERIALS INC 2046552 197.50 7,292 1,440,170.00
1.22 TXN TEXAS INSTRUMENTS INC 2885409 175.25 7,978 1,398,144.50
1.15 CMCSA COMCAST CORP-CLASS A 2044545 37.87 34,771 1,316,777.77
1.14 INTC INTEL CORP 2463247 35.11 37,104 1,302,721.44
1.11 AMGN AMGEN INC 2023607 269.38 4,703 1,266,894.14
1.01 ISRG INTUITIVE SURGICAL INC 2871301 373.12 3,093 1,154,060.16
0.97 HON HONEYWELL INTL 2020459 193.02 5,725 1,105,039.50
0.95 MU MICRON TECHNOLOGY INC 2588184 111.58 9,686 1,080,763.88
0.92 BKNG BOOKING HOLDINGS INC BDRXDB4 3,502.48 301 1,054,246.48
0.91 LRCX LAM RESEARCH CORP 2502247 901.47 1,151 1,037,591.97
0.79 VRTX VERTEX PHARM 2931034 397.70 2,266 901,188.20
0.78 ADP AUTOMATIC DATA PROCESSING 2065308 246.34 3,606 888,302.04
0.76 SBUX STARBUCKS CORP 2842255 87.84 9,942 873,305.28
0.75 ADI ANALOG DEVICES INC 2032067 197.94 4,354 861,830.76
0.74 REGN REGENERON PHARMACEUTICALS 2730190 890.68 946 842,583.28
0.73 MDLZ MONDELEZ INTER-A B8CKK03 70.80 11,822 836,997.60
0.72 PANW PALO ALTO NETWORKS INC B87ZMX0 288.79 2,836 819,008.44
0.70 KLAC KLA CORP 2480138 672.95 1,187 798,791.65
0.65 PDD PDD HOLDINGS INC BYVW0F7 125.79 5,860 737,129.40
0.63 CASH 1.00 720,366 720,365.63
0.62 GILD GILEAD SCIENCES INC 2369174 65.27 10,933 713,596.91
0.62 SNPS SYNOPSYS INC 2867719 530.11 1,329 704,516.19
0.59 ASML ASML HOLDING-NY B908F01 900.61 752 677,259.27
0.58 CDNS CADENCE DESIGN SYS INC 2302232 277.08 2,386 661,112.88
0.54 ABNB AIRBNB INC-CLASS A BMGYYH4 163.01 3,815 621,883.15
0.54 MAR MARRIOTT INTL-A 2210614 241.94 2,544 615,495.36
0.53 MELI MERCADOLIBRE INC B23X1H3 1,363.83 441 601,449.03
0.52 PYPL PAYPAL HOLDINGS INC BYW36M8 64.10 9,319 597,347.90
0.52 CRWD CROWDSTRIKE HO-A BJJP138 298.02 1,995 594,549.90
0.52 CTAS CINTAS CORP 2197137 665.25 890 592,072.50
0.51 CSX CSX CORP 2160753 34.03 17,041 579,905.23
0.47 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,054.13 514 541,822.82
0.47 NXPI NXP SEMICONDUCTORS NV B505PN7 238.08 2,262 538,536.96
0.46 CEG CONSTELLATION ENERGY BMH4FS1 188.01 2,768 520,411.68
0.45 PCAR PACCAR INC 2665861 112.62 4,559 513,434.58
0.44 MRVL MARVELL TECHNOLOGY INC BNKJSM5 67.48 7,511 506,842.28
0.44 ROP ROPER TECHNOLOGIES INC 2749602 540.41 930 502,581.30
0.42 MNST MONSTER BEVERAGE CORP BZ07BW4 53.15 9,114 484,409.10
0.41 DXCM DEXCOM INC B0796X4 138.01 3,389 467,715.89
0.41 WDAY WORKDAY INC-CLASS A B8K6ZD1 254.06 1,837 466,708.22
0.41 CPRT COPART INC 2208073 55.22 8,413 464,565.86
0.38 MCHP MICROCHIP TECHNOLOGY INC 2592174 92.21 4,695 432,925.95
0.37 FTNT FORTINET INC B5B2106 64.03 6,680 427,720.40
0.37 DASH DOORDASH INC - A BN13P03 128.11 3,311 424,172.21
0.36 KDP KEURIG DR PEPPER INC BD3W133 33.84 12,238 414,133.92
0.36 KHC KRAFT HEINZ CO/THE BYRY499 38.37 10,723 411,441.51
0.35 ADSK AUTODESK INC 2065159 216.40 1,864 403,369.60
0.35 AEP AMERICAN ELECTRIC POWER 2026242 86.86 4,606 400,077.16
0.34 ROST ROSS STORES INC 2746711 132.15 2,950 389,842.50
0.34 PAYX PAYCHEX INC 2674458 121.97 3,160 385,425.20
0.33 LULU LULULEMON ATHLETICA INC B23FN39 360.00 1,062 382,320.00
0.33 AZN ASTRAZENECA PLC-SPONS ADR 2989044 75.03 5,039 378,076.17
0.32 ODFL OLD DOMINION FREIGHT LINE 2656423 196.66 1,885 370,704.10
0.31 IDXX IDEXX LABORATORIES INC 2459202 489.24 724 354,209.76
0.31 MRNA MODERNA INC BGSXTS3 106.18 3,305 350,924.90
0.30 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 85.95 3,941 338,728.95
0.30 FAST FASTENAL CO 2332262 68.14 4,956 337,701.84
0.29 DDOG DATADOG INC - CLASS A BKT9Y49 125.25 2,646 331,411.50
0.29 CHTR CHARTER COMMUN-A BZ6VT82 259.10 1,279 331,388.90
0.29 EXC EXELON CORP 2670519 37.66 8,710 328,018.60
0.29 TTD TRADE DESK INC-A BD8FDD1 83.34 3,904 325,359.36
0.28 FANG DIAMONDBACK ENERGY INC B7Y8YR3 207.10 1,563 323,697.30
0.28 CSGP COSTAR GROUP INC 2262864 90.34 3,569 322,423.46
0.26 EA ELECTRONIC ARTS INC 2310194 127.31 2,331 296,759.61
0.26 BKR BAKER HUGHES CO BDHLTQ5 33.30 8,797 292,940.10
0.25 CTSH COGNIZANT TECH-A 2257019 66.76 4,341 289,805.16
0.25 CDW CDW CORP/DE BBM5MD6 243.42 1,172 285,288.24
0.25 VRSK VERISK ANALYTICS INC B4P9W92 222.79 1,265 281,829.35
0.24 CCEP COCA-COLA EUROPA BYQQ3P5 70.94 3,937 279,290.78
0.24 TEAM ATLASSIAN CORP-CL A BQ1PC76 198.41 1,387 275,194.67
0.23 XEL XCEL ENERGY INC 2614807 55.01 4,814 264,818.14
0.22 BIIB BIOGEN INC 2455965 202.46 1,263 255,706.98
0.22 ANSS ANSYS INC 2045623 327.04 760 248,550.40
0.22 ON ON SEMICONDUCTOR 2583576 66.38 3,731 247,663.78
0.20 DLTR DOLLAR TREE INC 2272476 121.69 1,903 231,576.07
0.20 GFS GLOBALFOUNDRIES INC BMW7F63 47.79 4,776 228,245.04
0.20 MDB MONGODB INC BF2FJ99 366.13 623 228,098.99
0.20 ZS ZSCALER INC BZ00V34 174.81 1,290 225,504.90
0.18 TTWO TAKE-TWO INTERAC 2122117 143.43 1,466 210,268.38
0.15 WBD WARNER BROS DISCOVERY INC BM8JYX3 8.29 21,243 176,104.47
0.15 ILMN ILLUMINA INC 2613990 121.05 1,389 168,138.45
0.12 WBA WALGREENS BOOTS BTN1Y44 17.60 7,508 132,140.80
0.09 SIRI SIRIUS XM HOLDINGS INC BGLDK10 3.02 33,196 100,251.92
-0.52 OTHER PAYABLE & RECEIVABLES 1.00 -592,837 -592,837.32
-1.34 NDX US 05/17/24 C17250 46,370.00 -33 -1,530,210.00
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 04/24/24

Return on Equity 23.50%
Weighted Avg. Market Cap 1,035,290 M
2023 2024
Price-to-earnings 30.12 25.91
Price-to-book value 6.70 5.58

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

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.