QYLD

Nasdaq 100 Covered Call ETF

Morningstar Rating™ - Overall rating out of 77 Derivative Income funds, based on risk-adjusted returns as of 02/28/2025

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 11 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 03/26/25

Inception Date	12/11/13
Total Expense Ratio	0.60%
Net Assets	$8.48 billion
NAV	$16.86
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 03/25/25

Ticker	QYLD
Bloomberg Index Ticker	BXNT
CUSIP	37954Y483
ISIN	US37954Y4834
Primary Exchange	Nasdaq
Shares Outstanding	502,810,000
Number of Holdings	102
30-Day Median Bid-Ask Spread	0.06%

Distributions As of 03/26/25

30-Day SEC Yield	0.22%
Trailing 12-Month Distribution (%) ¹	14.00%
Distribution Rate ²	11.89%
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 03/26/25

NAV	$16.86	Daily Change	-$0.10	-0.59%
Market Price	$16.86	Daily Change	-$0.11	-0.65%

As of recent (12/31/24) As of recent (12/31/24)	Fund NAV	Market Price	Index
1 Year	19.13%	19.33%	19.96%
3 Years	5.82%	5.82%	6.41%
5 Years	7.30%	7.29%	8.05%
10 Years	8.57%	8.54%	9.49%
Since Inception	8.26%	8.25%	9.13%
1 Year	13.97%	13.96%	15.82%
3 Years	8.74%	8.74%	9.76%
5 Years	9.07%	9.09%	10.05%
10 Years	8.50%	8.48%	9.57%
Since Inception	8.17%	8.16%	9.15%
Year-to-Date	19.13%	19.33%	19.96%
1 Month	1.85%	1.85%	1.88%
3 Months	4.95%	4.95%	5.08%
Since Inception	140.58%	140.35%	162.93%
Year-to-Date	0.37%	0.36%	1.58%
1 Month	-2.04%	-1.99%	-1.99%
3 Months	2.22%	2.22%	3.49%
Since Inception	141.46%	141.22%	167.10%

The Fund’s investment objective and investment strategies changed effective October 15, 2015. 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

20,287.83

Upside Cap Details

Option Positions	Notional Exposure	Strike	Upside Before Cap	Expiration Date	Calendar Days to Expiry
Short NASDAQ Call Option	-$8,906,357,370	19600	0.00%	04/17/2025	23

Net Assets (%)	Ticker	Name	SEDOL	Market Price ($)	Shares Held	Market Value ($)
9.38	AAPL	APPLE INC	2046251	221.53	3,587,217	794,676,182.01
8.17	MSFT	MICROSOFT CORP	2588173	389.97	1,775,199	692,274,354.03
7.82	NVDA	NVIDIA CORP	2379504	113.76	5,826,676	662,842,661.76
6.01	AMZN	AMAZON.COM INC	2000019	201.13	2,530,694	508,998,484.22
3.92	AVGO	BROADCOM INC	BDZ78H9	179.27	1,851,279	331,878,786.33
3.77	META	META PLATFORMS INC	B7TL820	610.98	522,917	319,491,828.66
2.88	NFLX	NETFLIX INC	2857817	970.65	251,309	243,933,080.85
2.86	COST	COSTCO WHOLESALE CORP	2701271	929.75	260,780	242,460,205.00
2.79	TSLA	TESLA INC	B616C79	272.06	867,930	236,129,035.80
2.71	GOOGL	ALPHABET INC-CL A	BYVY8G0	165.06	1,392,927	229,916,530.62
2.59	GOOG	ALPHABET INC-CL C	BYY88Y7	167.14	1,312,665	219,398,828.10
2.07	TMUS	T-MOBILE US INC	B94Q9V0	262.51	669,429	175,731,806.79
1.70	CSCO	CISCO SYSTEMS INC	2198163	61.80	2,337,298	144,445,016.40
1.51	LIN	LINDE PLC	BNZHB81	461.43	277,868	128,216,631.24
1.44	PLTR	PALANTIR TECHN-A	BN78DQ4	92.28	1,321,250	121,924,950.00
1.41	PEP	PEPSICO INC	2681511	148.64	805,760	119,768,166.40
1.26	ISRG	INTUITIVE SURGICAL INC	2871301	509.03	209,527	106,655,528.81
1.24	AMD	ADVANCED MICRO DEVICES	2007849	110.19	952,042	104,905,507.98
1.21	QCOM	QUALCOMM INC	2714923	158.39	649,785	102,919,446.15
1.19	ADBE	ADOBE INC	2008154	397.81	254,008	101,046,922.48
1.19	INTU	INTUIT INC	2459020	614.86	164,227	100,976,613.22
1.16	TXN	TEXAS INSTRUMENTS INC	2885409	184.49	534,848	98,674,107.52
1.14	AMGN	AMGEN INC	2023607	305.71	315,592	96,479,630.32
1.11		CASH		1.00	93,880,167	93,880,167.23
1.08	BKNG	BOOKING HOLDINGS INC	BDRXDB4	4,764.16	19,254	91,729,136.64
0.98	CMCSA	COMCAST CORP-CLASS A	2044545	37.37	2,215,814	82,804,969.18
0.96	HON	HONEYWELL INTL	2020459	213.12	381,856	81,381,150.72
0.94	GILD	GILEAD SCIENCES INC	2369174	109.27	731,675	79,950,127.25
0.89	VRTX	VERTEX PHARM	2931034	500.28	150,865	75,474,742.20
0.85	ADP	AUTOMATIC DATA PROCESSING	2065308	302.41	239,054	72,292,320.14
0.85	PANW	PALO ALTO NETWORKS INC	B87ZMX0	184.96	389,004	71,950,179.84
0.84	AMAT	APPLIED MATERIALS INC	2046552	150.68	474,916	71,560,342.88
0.77	SBUX	STARBUCKS CORP	2842255	97.97	667,328	65,378,124.16
0.74	MELI	MERCADOLIBRE INC	B23X1H3	2,074.97	30,046	62,344,548.62
0.72	ADI	ANALOG DEVICES INC	2032067	210.53	291,402	61,348,863.06
0.71	MU	MICRON TECHNOLOGY INC	2588184	92.13	654,580	60,306,455.40
0.70	INTC	INTEL CORP	2463247	23.42	2,543,920	59,578,606.40
0.70	APP	APPLOVIN CORP-CLASS A	BMV3LG4	327.62	181,722	59,535,761.64
0.68	LRCX	LAM RESEARCH CORP	BSML4N7	76.14	754,157	57,421,513.98
0.65	KLAC	KLA CORP	2480138	705.54	78,054	55,070,219.16
0.60	MDLZ	MONDELEZ INTER-A	B8CKK03	66.33	770,709	51,121,127.97
0.60	CRWD	CROWDSTRIKE HO-A	BJJP138	371.41	137,406	51,033,962.46
0.57	CTAS	CINTAS CORP	2197137	204.71	237,102	48,537,150.42
0.57	PDD	PDD HOLDINGS INC	BYVW0F7	122.47	392,423	48,060,044.81
0.55	ORLY	O'REILLY AUTOMOTIVE INC	B65LWX6	1,380.98	33,935	46,863,556.30
0.54	MSTR	MICROSTRATEGY INC-CL A	2974329	329.31	139,671	45,995,057.01
0.54	FTNT	FORTINET INC	B5B2106	101.01	451,777	45,633,994.77
0.53	DASH	DOORDASH INC - A	BN13P03	192.87	231,787	44,704,758.69
0.50	CDNS	CADENCE DESIGN SYS INC	2302232	263.41	161,026	42,415,858.66
0.48	SNPS	SYNOPSYS INC	2867719	449.90	90,853	40,874,764.70
0.48	PYPL	PAYPAL HOLDINGS INC	BYW36M8	69.97	579,144	40,522,705.68
0.48	REGN	REGENERON PHARMACEUTICALS	2730190	640.14	63,144	40,421,000.16
0.47	MAR	MARRIOTT INTL-A	2210614	246.72	161,958	39,958,277.76
0.47	CEG	CONSTELLATION ENERGY	BMH4FS1	216.97	183,822	39,883,859.34
0.44	ASML	ASML HOLDING-NY	B908F01	705.76	53,057	37,445,508.32
0.43	ROP	ROPER TECHNOLOGIES INC	2749602	582.71	63,073	36,753,267.83
0.40	ADSK	AUTODESK INC	2065159	271.21	126,345	34,266,027.45
0.40	MRVL	MARVELL TECHNOLOGY INC	BNKJSM5	66.76	508,360	33,938,113.60
0.39	CSX	CSX CORP	2160753	29.90	1,111,626	33,237,617.40
0.39	MNST	MONSTER BEVERAGE CORP	BZ07BW4	57.76	571,711	33,022,027.36
0.38	AEP	AMERICAN ELECTRIC POWER	2026242	103.90	313,249	32,546,571.10
0.38	ABNB	AIRBNB INC-CLASS A	BMGYYH4	128.64	249,653	32,115,361.92
0.38	CHTR	CHARTER COMMUN-A	BZ6VT82	384.77	82,654	31,802,779.58
0.38	PAYX	PAYCHEX INC	2674458	150.19	211,525	31,768,939.75
0.37	WDAY	WORKDAY INC-CLASS A	B8K6ZD1	250.79	125,758	31,538,848.82
0.37	CPRT	COPART INC	2208073	55.07	567,565	31,255,804.55
0.36	PCAR	PACCAR INC	2665861	99.53	308,315	30,686,591.95
0.36	NXPI	NXP SEMICONDUCTORS NV	B505PN7	205.75	149,005	30,657,778.75
0.32	FANG	DIAMONDBACK ENERGY INC	B7Y8YR3	163.09	167,581	27,330,785.29
0.32	KDP	KEURIG DR PEPPER INC	BD3W133	34.06	797,107	27,149,464.42
0.31	EXC	EXELON CORP	2670519	44.02	590,586	25,997,595.72
0.31	FAST	FASTENAL CO	2332262	77.09	336,924	25,973,471.16
0.30	BKR	BAKER HUGHES CO	BDHLTQ5	44.02	581,723	25,607,446.46
0.29	AXON	AXON ENTERPRISE INC	BDT5S35	559.06	44,157	24,686,412.42
0.29	ROST	ROSS STORES INC	2746711	127.70	191,524	24,457,614.80
0.29	AZN	ASTRAZENECA PLC-SPONS ADR	2989044	72.72	331,614	24,114,970.08
0.28	VRSK	VERISK ANALYTICS INC	B4P9W92	292.03	82,066	23,965,733.98
0.27	CCEP	COCA-COLA EUROPA	BYQQ3P5	85.37	270,783	23,116,744.71
0.27	XEL	XCEL ENERGY INC	2614807	68.92	331,553	22,850,632.76
0.27	LULU	LULULEMON ATHLETICA INC	B23FN39	337.79	67,118	22,671,789.22
0.26	TTWO	TAKE-TWO INTERAC	2122117	215.89	103,688	22,385,202.32
0.26	CTSH	COGNIZANT TECH-A	2257019	77.85	286,230	22,283,005.50
0.26	TEAM	ATLASSIAN CORP-CL A	BQ1PC76	229.65	96,352	22,127,236.80
0.26	EA	ELECTRONIC ARTS INC	2310194	145.19	150,988	21,921,947.72
0.26	GEHC	GE HEALTHCARE TECHNOLOGY	BL6JPG8	81.00	268,642	21,760,002.00
0.25	ODFL	OLD DOMINION FREIGHT LINE	2656423	168.67	124,840	21,056,762.80
0.24	KHC	KRAFT HEINZ CO/THE	BYRY499	29.69	696,623	20,682,736.87
0.24	DDOG	DATADOG INC - CLASS A	BKT9Y49	107.97	186,409	20,126,579.73
0.23	IDXX	IDEXX LABORATORIES INC	2459202	417.71	47,272	19,745,987.12
0.22	CSGP	COSTAR GROUP INC	2262864	80.37	236,529	19,009,835.73
0.22	ZS	ZSCALER INC	BZ00V34	211.55	88,753	18,775,697.15
0.19	ANSS	ANSYS INC	2045623	323.34	50,316	16,269,175.44
0.19	DXCM	DEXCOM INC	B0796X4	72.13	224,047	16,160,510.11
0.19	MCHP	MICROCHIP TECHNOLOGY INC	2592174	52.17	308,832	16,111,765.44
0.18	WBD	WARNER BROS DISCOVERY INC	BM8JYX3	11.03	1,410,867	15,561,863.01
0.18	TTD	TRADE DESK INC-A	BD8FDD1	58.80	258,537	15,201,975.60
0.15	CDW	CDW CORP/DE	BBM5MD6	167.33	77,527	12,972,592.91
0.15	GFS	GLOBALFOUNDRIES INC	BMW7F63	38.75	317,078	12,286,772.50
0.14	BIIB	BIOGEN INC	2455965	142.43	84,340	12,012,546.20
0.13	ON	ON SEMICONDUCTOR	2583576	45.04	244,991	11,034,394.64
0.10	MDB	MONGODB INC	BF2FJ99	193.66	42,726	8,274,317.16
0.09	ARM	ARM HOLDINGS PLC-ADR	BNSP5P7	114.93	69,425	7,979,015.25
-0.99		OTHER PAYABLE & RECEIVABLES		1.00	-83,935,767	-83,935,766.57
-3.37		NDX US 04/17/25 C19600		65,110.00	-4,388	-285,702,680.00

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

ETF Characteristics As of 03/25/25

Return on Equity	25.60%
Weighted Avg. Market Cap	1,283,190 M
	2024	2025
Price-to-earnings	29.75	24.89
Price-to-book value	7.07	5.78

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 02/28/25

Versus	Beta
S&P 500	0.59
NASDAQ-100	0.51
MSCI EAFE	0.47
MSCI Emg. Mkts	0.37
Standard Deviation	12.50%

Source: new windowAltaVista Research, LLC

ETF Research

ETF Documents

Latest Premium / Discount As of 03/26/25

NAV	$16.86
Market Price	$16.86
Premium / (Discount)	$0.00

Current View 2025 Q1 As of 03/26/25

Days at Premium	41
Days at NAV	0
Days at Discount	16
Greatest Premium	0.13%
Greatest Discount	-0.05%

Daily Premium / Discount History As of 03/26/25

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 2/28, QYLD was rated against the following numbers of Derivative Income funds over the following time periods: 77 during the last 3 years, 66 during the last 5 years, 36 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.

© 2025 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.