QYLD

Nasdaq 100 Covered Call ETF

Morningstar Rating™ - Overall rating out of 77 Derivative Income funds, based on risk-adjusted returns as of 09/30/2024

Reasons to Consider QYLD

High Income Potential

QYLD seeks to generate income through covered call writing, which historically produces higher yields in periods of volatility.¹

Monthly Distributions

QYLD has made monthly distributions 10 years running.

Efficient Options Execution

QYLD writes call options on the Nasdaq-100 Index, saving investors the time and potential expense of doing so individually.

¹Covered call writing can limit the upside potential of the underlying security

Key Information As of 10/21/24

Inception Date	12/11/13
Total Expense Ratio	0.61%
Net Assets	$8.17 billion
NAV	$18.15
Fact Sheet	View the document

ETF Summary

The Global X Nasdaq 100 Covered Call ETF (QYLD) 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 the same index.

ETF Objective

The Global X Nasdaq 100 Covered Call ETF (QYLD) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe Nasdaq-100 BuyWrite V2 Index.

Trading Details As of 10/18/24

Ticker	QYLD
Bloomberg Index Ticker	BXNT
CUSIP	37954Y483
ISIN	US37954Y4834
Primary Exchange	Nasdaq
Shares Outstanding	450,100,000
Number of Holdings	102
30-Day Median Bid-Ask Spread	0.06%

Distributions As of 10/21/24

30-Day SEC Yield	0.23%
Trailing 12-Month Distribution (%)	13.10%
Distribution Rate	11.88%
Distribution Frequency	Monthly

ETF Prices As of 10/21/24

NAV	$18.15	Daily Change	-$0.17	-0.93%
Market Price	$18.15	Daily Change	-$0.18	-0.98%

As of recent month & quarter-end (09/30/24) As of recent month & quarter-end (09/30/24)	Fund NAV	Market Price	Index
1 Year	20.88%	21.02%	21.74%
3 Years	5.83%	5.77%	6.42%
5 Years	7.73%	7.74%	8.50%
10 Years	7.87%	7.86%	8.78%
Since Inception	7.98%	7.97%	8.85%
1 Year	20.88%	21.02%	21.74%
3 Years	5.83%	5.77%	6.42%
5 Years	7.73%	7.74%	8.50%
10 Years	7.87%	7.86%	8.78%
Since Inception	7.98%	7.97%	8.85%
Year-to-Date	13.51%	13.71%	14.17%
1 Month	1.74%	1.85%	1.84%
3 Months	5.14%	5.20%	5.29%
Since Inception	129.24%	129.02%	150.22%
Year-to-Date	13.51%	13.71%	14.17%
1 Month	1.74%	1.85%	1.84%
3 Months	5.14%	5.20%	5.29%
Since Inception	129.24%	129.02%	150.22%

The Fund’s investment objective and investment strategies changed effective October 15, 2015. Hybrid index performance (noted as "Index" above in the chart) reflects the performance of the Cboe NASDAQ-100 BuyWrite Index through October 14, 2015 and the Cboe NASDAQ-100 BuyWrite V2 Index thereafter. The Fund was also re-organized effective December 24, 2018. Fund returns (NAV & Closing Price) presented above reflect the performance of the predecessor Fund through December 21, 2018.

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.

Nasdaq 100 Price

20,324.04

Upside Cap Details

Option Positions	Notional Exposure	Strike	Upside Before Cap	Expiration Date	Calendar Days to Expiry
Short NASDAQ Call Option	-$8,351,148,447	20300	0.00%	11/15/2024	28

Net Assets (%)	Ticker	Name	SEDOL	Market Price ($)	Shares Held	Market Value ($)
9.25	AAPL	APPLE INC	2046251	236.48	3,201,869	757,177,981.12
9.07	NVDA	NVIDIA CORP	2379504	143.71	5,165,857	742,385,309.47
8.01	MSFT	MICROSOFT CORP	2588173	418.78	1,565,361	655,541,879.58
5.54	AVGO	BROADCOM INC	BDZ78H9	179.99	2,520,697	453,700,253.03
5.14	META	META PLATFORMS INC	B7TL820	575.16	731,930	420,976,858.80
5.11	AMZN	AMAZON.COM INC	2000019	189.07	2,210,281	417,897,828.67
2.72	TSLA	TESLA INC	B616C79	218.85	1,018,372	222,870,712.20
2.61	COST	COSTCO WHOLESALE CORP	2701271	886.77	241,116	213,814,435.32
2.47	GOOGL	ALPHABET INC-CL A	BYVY8G0	164.07	1,233,830	202,434,488.10
2.38	GOOG	ALPHABET INC-CL C	BYY88Y7	165.80	1,176,150	195,005,670.00
2.20	NFLX	NETFLIX INC	2857817	772.07	233,422	180,218,123.54
1.73	TMUS	T-MOBILE US INC	B94Q9V0	222.77	634,643	141,379,421.11
1.70	AMD	ADVANCED MICRO DEVICES	2007849	157.90	880,380	139,012,002.00
1.60	PEP	PEPSICO INC	2681511	175.01	747,162	130,760,821.62
1.53	LIN	LINDE PLC	BNZHB81	483.36	259,747	125,551,309.92
1.52	CSCO	CISCO SYSTEMS INC	2198163	56.59	2,191,427	124,012,853.93
1.47	ADBE	ADOBE INC	2008154	497.71	241,151	120,023,264.21
1.25	QCOM	QUALCOMM INC	2714923	169.01	605,904	102,403,835.04
1.23	ISRG	INTUITIVE SURGICAL INC	2871301	518.86	193,265	100,277,477.90
1.19	TXN	TEXAS INSTRUMENTS INC	2885409	195.77	496,632	97,225,646.64
1.14	INTU	INTUIT INC	2459020	613.93	152,024	93,332,094.32
1.13	AMGN	AMGEN INC	2023607	316.74	292,231	92,561,246.94
1.09		CASH		1.00	89,308,966	89,308,965.58
1.04	CMCSA	COMCAST CORP-CLASS A	2044545	40.53	2,101,267	85,164,351.51
1.01	AMAT	APPLIED MATERIALS INC	2046552	184.46	448,423	82,716,106.58
0.97	BKNG	BOOKING HOLDINGS INC	BDRXDB4	4,363.72	18,203	79,432,795.16
0.96	HON	HONEYWELL INTL	2020459	221.50	353,389	78,275,663.50
0.82	VRTX	VERTEX PHARM	2931034	478.09	140,381	67,114,752.29
0.81	PANW	PALO ALTO NETWORKS INC	B87ZMX0	378.41	176,132	66,650,110.12
0.80	MU	MICRON TECHNOLOGY INC	2588184	109.08	603,103	65,786,475.24
0.79	ADP	AUTOMATIC DATA PROCESSING	2065308	290.91	221,819	64,529,365.29
0.74	ADI	ANALOG DEVICES INC	2032067	225.67	270,059	60,944,214.53
0.73	SBUX	STARBUCKS CORP	2842255	96.45	616,408	59,452,551.60
0.71	GILD	GILEAD SCIENCES INC	2369174	86.29	677,188	58,434,552.52
0.71	MELI	MERCADOLIBRE INC	B23X1H3	2,100.58	27,607	57,990,712.06
0.70	REGN	REGENERON PHARMACEUTICALS	2730190	968.50	58,947	57,090,169.50
0.65	INTC	INTEL CORP	2463247	22.84	2,325,880	53,123,099.20
0.63	LRCX	LAM RESEARCH CORP	BSML4N7	72.84	706,462	51,458,692.08
0.63	MDLZ	MONDELEZ INTER-A	B8CKK03	70.43	726,572	51,172,465.96
0.60	KLAC	KLA CORP	2480138	673.61	73,148	49,273,224.28
0.57	CEG	CONSTELLATION ENERGY	BMH4FS1	273.72	170,099	46,559,498.39
0.57	CTAS	CINTAS CORP	2197137	211.55	219,256	46,383,606.80
0.55	PDD	PDD HOLDINGS INC	BYVW0F7	124.86	363,302	45,361,887.72
0.55	PYPL	PAYPAL HOLDINGS INC	BYW36M8	80.56	556,052	44,795,549.12
0.52	SNPS	SYNOPSYS INC	2867719	505.59	83,567	42,250,639.53
0.50	MAR	MARRIOTT INTL-A	2210614	264.97	153,097	40,566,112.09
0.48	CRWD	CROWDSTRIKE HO-A	BJJP138	309.55	126,597	39,188,101.35
0.47	MRVL	MARVELL TECHNOLOGY INC	BNKJSM5	81.83	471,117	38,551,504.11
0.47	ORLY	O'REILLY AUTOMOTIVE INC	B65LWX6	1,219.01	31,575	38,490,240.75
0.46	CDNS	CADENCE DESIGN SYS INC	2302232	253.15	148,915	37,697,832.25
0.45	ASML	ASML HOLDING-NY	B908F01	714.10	51,255	36,601,195.50
0.43	CSX	CSX CORP	2160753	33.66	1,054,509	35,494,772.94
0.42	FTNT	FORTINET INC	B5B2106	82.05	416,039	34,135,999.95
0.42	ADSK	AUTODESK INC	2065159	289.78	117,254	33,977,864.12
0.40	ABNB	AIRBNB INC-CLASS A	BMGYYH4	137.19	239,306	32,830,390.14
0.40	ROP	ROPER TECHNOLOGIES INC	2749602	556.80	58,285	32,453,088.00
0.39	DASH	DOORDASH INC - A	BN13P03	152.89	209,239	31,990,550.71
0.39	NXPI	NXP SEMICONDUCTORS NV	B505PN7	230.15	138,551	31,887,512.65
0.38	PCAR	PACCAR INC	2665861	109.61	285,114	31,251,345.54
0.36	FANG	DIAMONDBACK ENERGY INC	B7Y8YR3	182.41	160,355	29,250,355.55
0.35	AEP	AMERICAN ELECTRIC POWER	2026242	100.16	289,403	28,986,604.48
0.35	TTD	TRADE DESK INC-A	BD8FDD1	118.21	243,463	28,779,761.23
0.35	MNST	MONSTER BEVERAGE CORP	BZ07BW4	53.77	532,819	28,649,677.63
0.35	WDAY	WORKDAY INC-CLASS A	B8K6ZD1	243.75	115,892	28,248,675.00
0.34	PAYX	PAYCHEX INC	2674458	141.09	195,647	27,603,835.23
0.34	CPRT	COPART INC	2208073	52.56	523,454	27,512,742.24
0.33	KDP	KEURIG DR PEPPER INC	BD3W133	36.93	737,588	27,239,124.84
0.33	ROST	ROSS STORES INC	2746711	147.29	181,440	26,724,297.60
0.30	AZN	ASTRAZENECA PLC-SPONS ADR	2989044	77.44	316,730	24,527,571.20
0.30	CHTR	CHARTER COMMUN-A	BZ6VT82	315.41	77,664	24,496,002.24
0.30	FAST	FASTENAL CO	2332262	77.77	311,487	24,224,343.99
0.29	KHC	KRAFT HEINZ CO/THE	BYRY499	35.49	657,688	23,341,347.12
0.28	ODFL	OLD DOMINION FREIGHT LINE	2656423	198.05	116,596	23,091,837.80
0.27	GEHC	GE HEALTHCARE TECHNOLOGY	BL6JPG8	89.80	248,432	22,309,193.60
0.27	EXC	EXELON CORP	2670519	40.50	544,196	22,039,938.00
0.27	MCHP	MICROCHIP TECHNOLOGY INC	2592174	75.18	291,784	21,936,321.12
0.26	DDOG	DATADOG INC - CLASS A	BKT9Y49	125.81	169,242	21,292,336.02
0.26	EA	ELECTRONIC ARTS INC	2310194	145.71	143,691	20,937,215.61
0.25	VRSK	VERISK ANALYTICS INC	B4P9W92	268.09	77,491	20,774,562.19
0.25	CTSH	COGNIZANT TECH-A	2257019	76.87	269,605	20,724,536.35
0.25	IDXX	IDEXX LABORATORIES INC	2459202	453.38	44,769	20,297,369.22
0.24	BKR	BAKER HUGHES CO	BDHLTQ5	36.45	540,355	19,695,939.75
0.23	CCEP	COCA-COLA EUROPA	BYQQ3P5	77.15	244,788	18,885,394.20
0.23	XEL	XCEL ENERGY INC	2614807	63.43	296,907	18,832,811.01
0.23	LULU	LULULEMON ATHLETICA INC	B23FN39	297.74	62,898	18,727,250.52
0.21	CSGP	COSTAR GROUP INC	2262864	77.36	218,237	16,882,814.32
0.20	TEAM	ATLASSIAN CORP-CL A	BQ1PC76	192.83	85,816	16,547,899.28
0.20	CDW	CDW CORP/DE	BBM5MD6	220.35	72,687	16,016,580.45
0.19	ANSS	ANSYS INC	2045623	327.46	47,528	15,563,518.88
0.19	DXCM	DEXCOM INC	B0796X4	72.61	212,854	15,455,328.94
0.19	ON	ON SEMICONDUCTOR	2583576	67.14	227,198	15,254,073.72
0.19	SMCI	SUPER MICRO COMPUTER INC	BRC3N73	47.80	318,502	15,224,395.60
0.19	ZS	ZSCALER INC	BZ00V34	187.96	80,470	15,125,141.20
0.18	TTWO	TAKE-TWO INTERAC	2122117	156.88	93,100	14,605,528.00
0.17	BIIB	BIOGEN INC	2455965	184.65	77,113	14,238,915.45
0.15	ILMN	ILLUMINA INC	2613990	145.21	84,148	12,219,131.08
0.15	GFS	GLOBALFOUNDRIES INC	BMW7F63	40.01	296,575	11,865,965.75
0.14	MRNA	MODERNA INC	BGSXTS3	53.80	206,618	11,116,048.40
0.13	MDB	MONGODB INC	BF2FJ99	271.77	39,338	10,690,888.26
0.12	ARM	ARM HOLDINGS PLC-ADR	BNSP5P7	152.35	66,020	10,058,147.00
0.12	WBD	WARNER BROS DISCOVERY INC	BM8JYX3	7.55	1,313,407	9,916,222.85
0.09	DLTR	DOLLAR TREE INC	2272476	67.31	112,893	7,598,827.83
-1.02		OTHER PAYABLE & RECEIVABLES		1.00	-83,492,779	-83,492,778.60
-2.50		NDX US 11/15/24 C20300		49,795.00	-4,116	-204,956,220.00

Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 10/18/24

Return on Equity	22.30%
Weighted Avg. Market Cap	1,093,820 M
	2023	2024
Price-to-earnings	35.15	30.67
Price-to-book value	7.49	6.30

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 09/30/24

Versus	Beta
S&P 500	0.62
NASDAQ-100	0.52
MSCI EAFE	0.53
MSCI Emg. Mkts	0.41
Standard Deviation	13.30%

Source: new windowAltaVista Research, LLC

ETF Research

ETF Documents

Latest Premium / Discount As of 10/21/24

NAV	$18.15
Market Price	$18.15
Premium / (Discount)	$0.00

Current View 2024 Q4 As of 10/21/24

Days at Premium	9
Days at NAV	0
Days at Discount	6
Greatest Premium	0.07%
Greatest Discount	-0.06%

Daily Premium / Discount History As of 10/21/24

Hover over the chart points for details

View Chart Explanation

Download Chart Data (.CSV)

How can the Fund trade at a premium/discount to its NAV?

The primary explanation is that timing discrepancies can arise between the NAV and the trading price of the Fund. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

What causes these time discrepancies?

Close of Trading Times. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.

Time of Last Trade. Trading of Global X funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade - from which the closing price is determined - may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to deviate from the closing price.

International Holdings. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales load. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three- year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

As of 09/30, QYLD was rated against the following numbers of Derivative Income funds over the following time periods: 77 during the last 3 years, 67 during the last 5 years, 37 during the last 10 years. With respect to these Derivative Income funds, QYLD received a Morningstar Rating of 3, 3, 4 stars, respectively. Past performance is not indicative of future results.

© 2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Investing involves risk, including the possible loss of principal. Concentration in a particular industry or sector will subject QYLD to loss due to adverse occurrences that may affect that industry or sector. Investors in QYLD should be willing to accept a high degree of volatility in the price of the fund’s shares and the possibility of significant losses.

QYLD 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. QYLD 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. QYLD 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. Beginning October 15, 2020, 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. Prior to October 15, 2020, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times. 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 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.