QYLD


Nasdaq 100 Covered Call ETF

Morningstar Rating™ - Overall rating out of 71 Derivative Income funds, based on risk-adjusted returns as of 06/30/2024

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 07/23/24

Inception Date 12/11/13
Total Expense Ratio 0.61%
Net Assets $8.29 billion
NAV $17.71
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 07/23/24

Ticker QYLD
Bloomberg Index Ticker BXNT
CUSIP 37954Y483
ISIN US37954Y4834
Primary Exchange Nasdaq
Shares Outstanding 468,440,000
Number of Holdings 102
30-Day Median Bid-Ask Spread 0.06%

Distributions As of 07/23/24

30-Day SEC Yield 0.25%
12-Month Trailing Yield 13.33%
Distribution Yield 11.79%
Distribution Frequency Monthly

ETF Prices As of 07/23/24

NAV $17.71 Daily Change -$0.02 -0.11%
Market Price $17.71 Daily Change -$0.03 -0.17%

Performance History

As of recent month & quarter-end (06/30/24)
As of recent month & quarter-end (06/30/24)
Fund NAV Market Price Index
1 Year 12.00% 12.00% 12.43%
3 Years 4.36% 4.34% 4.83%
5 Years 6.99% 6.97% 7.70%
10 Years 7.50% 7.45% 8.37%
Since Inception 7.66% 7.65% 8.51%
1 Year 12.00% 12.00% 12.43%
3 Years 4.36% 4.34% 4.83%
5 Years 6.99% 6.97% 7.70%
10 Years 7.50% 7.45% 8.37%
Since Inception 7.66% 7.65% 8.51%
Year-to-Date 7.96% 8.09% 8.09%
1 Month 1.83% 1.88% 1.64%
3 Months 1.48% 1.54% 1.29%
Since Inception 118.03% 117.70% 136.90%
Year-to-Date 7.96% 8.09% 8.09%
1 Month 1.83% 1.88% 1.64%
3 Months 1.48% 1.54% 1.29%
Since Inception 118.03% 117.70% 136.90%

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.

Options Details As of 07/23/24

Nasdaq 100 Price 19,754.30

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short NASDAQ Call Option -$8,488,438,996 19650 0.00% 08/16/2024 24

Top Holdings As of 07/23/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
9.15 AAPL APPLE INC 2046251 225.01 3,369,989 758,281,224.89
8.77 MSFT MICROSOFT CORP 2588173 444.85 1,633,470 726,649,129.50
8.00 NVDA NVIDIA CORP 2379504 122.59 5,406,484 662,780,873.56
5.20 AVGO BROADCOM INC BDZ78H9 163.77 2,631,707 430,994,655.39
5.15 AMZN AMAZON.COM INC 2000019 186.41 2,288,105 426,525,653.05
4.52 META META PLATFORMS INC B7TL820 488.69 766,606 374,632,686.14
3.16 TSLA TESLA INC B616C79 246.38 1,062,099 261,679,951.62
2.83 GOOGL ALPHABET INC-CL A BYVY8G0 181.79 1,292,609 234,983,390.11
2.74 GOOG ALPHABET INC-CL C BYY88Y7 183.60 1,236,048 226,938,412.80
2.59 COST COSTCO WHOLESALE CORP 2701271 852.11 252,065 214,787,107.15
1.90 NFLX NETFLIX INC 2857817 642.76 245,092 157,535,333.92
1.71 AMD ADVANCED MICRO DEVICES 2007849 154.00 919,753 141,641,962.00
1.68 ADBE ADOBE INC 2008154 546.01 254,868 139,160,476.68
1.57 PEP PEPSICO INC 2681511 166.28 782,447 130,105,287.16
1.48 QCOM QUALCOMM INC 2714923 193.35 635,399 122,854,396.65
1.48 LIN LINDE PLC BNZHB81 447.41 273,679 122,446,721.39
1.42 TMUS T-MOBILE US INC B94Q9V0 176.56 667,079 117,779,468.24
1.28 CSCO CISCO SYSTEMS INC 2198163 46.36 2,294,432 106,369,867.52
1.25 AMAT APPLIED MATERIALS INC 2046552 219.65 471,678 103,604,072.70
1.24 TXN TEXAS INSTRUMENTS INC 2885409 198.29 518,602 102,833,590.58
1.23 AMGN AMGEN INC 2023607 333.24 305,641 101,851,806.84
1.22 INTU INTUIT INC 2459020 637.10 159,203 101,428,231.30
1.11 ISRG INTUITIVE SURGICAL INC 2871301 455.06 202,116 91,974,906.96
1.08 CASH 1.00 89,772,991 89,772,991.24
1.04 CMCSA COMCAST CORP-CLASS A 2044545 38.51 2,230,951 85,913,923.01
0.97 HON HONEYWELL INTL 2020459 217.38 371,374 80,729,280.12
0.97 INTC INTEL CORP 2463247 32.95 2,427,673 79,991,825.35
0.91 BKNG BOOKING HOLDINGS INC BDRXDB4 3,919.20 19,307 75,667,994.40
0.87 VRTX VERTEX PHARM 2931034 490.32 147,231 72,190,303.92
0.87 MU MICRON TECHNOLOGY INC 2588184 114.25 631,801 72,183,264.25
0.86 LRCX LAM RESEARCH CORP 2502247 959.69 74,668 71,658,132.92
0.79 REGN REGENERON PHARMACEUTICALS 2730190 1,055.57 61,835 65,271,170.95
0.79 ADI ANALOG DEVICES INC 2032067 230.32 283,296 65,248,734.72
0.75 KLAC KLA CORP 2480138 807.66 76,965 62,161,551.90
0.75 PANW PALO ALTO NETWORKS INC B87ZMX0 335.56 184,969 62,068,197.64
0.70 ADP AUTOMATIC DATA PROCESSING 2065308 248.35 233,895 58,087,823.25
0.62 SNPS SYNOPSYS INC 2867719 588.33 87,677 51,583,009.41
0.61 PDD PDD HOLDINGS INC BYVW0F7 133.08 382,052 50,843,480.16
0.61 GILD GILEAD SCIENCES INC 2369174 71.17 712,510 50,709,336.70
0.61 MDLZ MONDELEZ INTER-A B8CKK03 66.01 767,235 50,645,182.35
0.60 SBUX STARBUCKS CORP 2842255 76.26 647,967 49,413,963.42
0.59 ASML ASML HOLDING-NY B908F01 932.81 52,079 48,579,811.99
0.58 MELI MERCADOLIBRE INC B23X1H3 1,692.23 28,505 48,237,016.15
0.53 CDNS CADENCE DESIGN SYS INC 2302232 282.99 155,844 44,102,293.56
0.53 CTAS CINTAS CORP 2197137 756.04 58,086 43,915,339.44
0.48 MAR MARRIOTT INTL-A 2210614 242.31 163,692 39,664,208.52
0.46 NXPI NXP SEMICONDUCTORS NV B505PN7 262.30 146,572 38,445,835.60
0.44 CSX CSX CORP 2160753 33.64 1,093,252 36,776,997.28
0.44 ABNB AIRBNB INC-CLASS A BMGYYH4 148.75 246,774 36,707,632.50
0.42 PYPL PAYPAL HOLDINGS INC BYW36M8 59.71 585,628 34,967,847.88
0.42 CRWD CROWDSTRIKE HO-A BJJP138 268.88 129,136 34,722,087.68
0.42 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,049.01 33,028 34,646,702.28
0.41 ROP ROPER TECHNOLOGIES INC 2749602 574.27 59,742 34,308,038.34
0.40 CEG CONSTELLATION ENERGY BMH4FS1 189.87 176,236 33,461,929.40
0.40 MRVL MARVELL TECHNOLOGY INC BNKJSM5 68.39 483,584 33,072,309.76
0.36 ADSK AUTODESK INC 2065159 246.23 120,482 29,666,282.86
0.35 MNST MONSTER BEVERAGE CORP BZ07BW4 50.31 581,862 29,273,477.22
0.34 PCAR PACCAR INC 2665861 97.10 292,792 28,430,103.20
0.34 CPRT COPART INC 2208073 52.32 537,459 28,119,854.88
0.33 AEP AMERICAN ELECTRIC POWER 2026242 93.64 294,196 27,548,513.44
0.33 ROST ROSS STORES INC 2746711 143.78 187,208 26,916,766.24
0.32 MCHP MICROCHIP TECHNOLOGY INC 2592174 89.71 298,802 26,805,527.42
0.32 WDAY WORKDAY INC-CLASS A B8K6ZD1 226.04 118,501 26,785,966.04
0.32 SMCI SUPER MICRO COMPUTER INC B1VQR35 783.22 33,773 26,451,689.06
0.31 MRNA MODERNA INC BGSXTS3 121.25 214,063 25,955,138.75
0.31 AZN ASTRAZENECA PLC-SPONS ADR 2989044 79.17 325,027 25,732,387.59
0.31 CHTR CHARTER COMMUN-A BZ6VT82 320.04 80,358 25,717,774.32
0.30 TTD TRADE DESK INC-A BD8FDD1 100.90 248,249 25,048,324.10
0.30 DXCM DEXCOM INC B0796X4 112.13 221,959 24,888,262.67
0.30 PAYX PAYCHEX INC 2674458 123.71 200,752 24,835,029.92
0.30 KDP KEURIG DR PEPPER INC BD3W133 32.63 757,275 24,709,883.25
0.30 FTNT FORTINET INC B5B2106 57.94 426,192 24,693,564.48
0.28 ODFL OLD DOMINION FREIGHT LINE 2656423 193.85 121,333 23,520,402.05
0.27 DASH DOORDASH INC - A BN13P03 105.76 212,920 22,518,419.20
0.27 KHC KRAFT HEINZ CO/THE BYRY499 32.80 677,484 22,221,475.20
0.27 VRSK VERISK ANALYTICS INC B4P9W92 278.12 79,297 22,054,081.64
0.26 FAST FASTENAL CO 2332262 67.90 319,245 21,676,735.50
0.26 IDXX IDEXX LABORATORIES INC 2459202 470.41 45,899 21,591,348.59
0.26 DDOG DATADOG INC - CLASS A BKT9Y49 123.21 171,970 21,188,423.70
0.25 EA ELECTRONIC ARTS INC 2310194 141.99 147,400 20,929,326.00
0.25 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 80.82 254,288 20,551,556.16
0.25 CTSH COGNIZANT TECH-A 2257019 73.89 277,137 20,477,652.93
0.24 EXC EXELON CORP 2670519 35.87 557,339 19,991,749.93
0.24 FANG DIAMONDBACK ENERGY INC B7Y8YR3 198.36 99,372 19,711,429.92
0.24 BKR BAKER HUGHES CO BDHLTQ5 35.65 551,480 19,660,262.00
0.23 LULU LULULEMON ATHLETICA INC B23FN39 281.37 67,144 18,892,307.28
0.23 CCEP COCA-COLA EUROPA BYQQ3P5 72.81 255,893 18,631,569.33
0.22 BIIB BIOGEN INC 2455965 224.29 81,134 18,197,544.86
0.21 ON ON SEMICONDUCTOR 2583576 73.39 239,474 17,574,996.86
0.21 CDW CDW CORP/DE BBM5MD6 230.15 74,918 17,242,377.70
0.21 XEL XCEL ENERGY INC 2614807 55.14 309,316 17,055,684.24
0.21 CSGP COSTAR GROUP INC 2262864 74.84 227,299 17,011,057.16
0.20 GFS GLOBALFOUNDRIES INC BMW7F63 53.77 307,204 16,518,359.08
0.19 ZS ZSCALER INC BZ00V34 191.07 83,379 15,931,225.53
0.19 ANSS ANSYS INC 2045623 320.08 48,510 15,527,080.80
0.19 TEAM ATLASSIAN CORP-CL A BQ1PC76 175.12 88,590 15,513,880.80
0.17 TTWO TAKE-TWO INTERAC 2122117 151.71 95,170 14,438,240.70
0.15 DLTR DOLLAR TREE INC 2272476 107.01 119,637 12,802,355.37
0.14 WBD WARNER BROS DISCOVERY INC BM8JYX3 8.62 1,328,636 11,452,842.32
0.14 ARM ARM HOLDINGS PLC-ADR BNSP5P7 171.70 65,229 11,199,819.30
0.13 MDB MONGODB INC BF2FJ99 256.54 40,605 10,416,806.70
0.12 ILMN ILLUMINA INC 2613990 115.60 86,588 10,009,572.80
-1.02 OTHER PAYABLE & RECEIVABLES 1.00 -84,299,312 -84,299,311.91
-2.48 NDX US 08/16/24 C19650 47,760.00 -4,297 -205,224,720.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 07/23/24

Return on Equity 22.60%
Weighted Avg. Market Cap 1,064,490 M
2023 2024
Price-to-earnings 34.00 29.06
Price-to-book value 7.20 6.04

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 06/30/24

Versus Beta
S&P 500 0.63
NASDAQ-100 0.53
MSCI EAFE 0.54
MSCI Emg. Mkts 0.40
Standard Deviation 13.30%

Source: new windowAltaVista Research, LLC

ETF Research

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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 06/30, QYLD was rated against the following numbers of Derivative Income funds over the following time periods: 71 during the last 3 years, 65 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.

© 2023 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.