QYLD


Nasdaq 100 Covered Call ETF

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 04/12/24

Inception Date 12/11/13
Total Expense Ratio 0.61%
Net Assets $8.19 billion
NAV $17.96
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 04/11/24

Ticker QYLD
Bloomberg Index Ticker BXNT
CUSIP 37954Y483
ISIN US37954Y4834
Primary Exchange Nasdaq
Shares Outstanding 455,780,000
Number of Holdings 102
30-Day Median Bid-Ask Spread 0.06%

Distributions As of 04/12/24

30-Day SEC Yield 0.26%
12-Month Trailing Yield 12.12%
Distribution Yield 12.06%
Distribution Frequency Monthly

ETF Prices As of 04/12/24

NAV $17.96 Daily Change -$0.07 -0.39%
Market Price $17.96 Daily Change -$0.08 -0.44%

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 17.60% 17.60% 18.42%
3 Years 4.67% 4.60% 5.26%
5 Years 7.36% 7.29% 8.14%
10 Years 7.63% 7.59% 8.52%
Since Inception 7.70% 7.68% 8.59%
1 Year 17.60% 17.60% 18.42%
3 Years 4.67% 4.60% 5.26%
5 Years 7.36% 7.29% 8.14%
10 Years 7.63% 7.59% 8.52%
Since Inception 7.70% 7.68% 8.59%
Year-to-Date 6.38% 6.45% 6.71%
1 Month 1.40% 1.29% 1.42%
3 Months 6.38% 6.45% 6.71%
Since Inception 114.84% 114.40% 133.88%
Year-to-Date 6.38% 6.45% 6.71%
1 Month 1.40% 1.29% 1.42%
3 Months 6.38% 6.45% 6.71%
Since Inception 114.84% 114.40% 133.88%

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 04/12/24

Nasdaq 100 Price 18,003.50

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short NASDAQ Call Option -$8,285,204,395 17900 0.00% 04/19/2024 7

Top Holdings As of 04/12/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
9.02 MSFT MICROSOFT CORP 2588173 421.90 1,749,935 738,297,576.50
7.84 AAPL APPLE INC 2046251 176.55 3,637,108 642,131,417.40
6.34 NVDA NVIDIA CORP 2379504 881.86 588,843 519,277,087.98
5.56 AMZN AMAZON.COM INC 2000019 186.13 2,446,497 455,366,486.61
5.15 META META PLATFORMS INC B7TL820 511.90 824,243 421,929,991.70
4.63 AVGO BROADCOM INC BDZ78H9 1,344.07 281,792 378,748,173.44
2.67 GOOGL ALPHABET INC-CL A BYVY8G0 157.73 1,387,248 218,810,627.04
2.60 GOOG ALPHABET INC-CL C BYY88Y7 159.19 1,335,027 212,522,948.13
2.41 COST COSTCO WHOLESALE CORP 2701271 731.31 269,876 197,363,017.56
2.37 TSLA TESLA INC B616C79 171.05 1,135,004 194,142,434.20
2.00 NFLX NETFLIX INC 2857817 622.83 263,244 163,956,260.52
1.96 AMD ADVANCED MICRO DEVICES 2007849 163.28 982,776 160,467,665.28
1.72 PEP PEPSICO INC 2681511 168.10 835,459 140,440,657.90
1.60 LIN LINDE PLC BNZHB81 447.41 292,583 130,904,560.03
1.59 ADBE ADOBE INC 2008154 474.09 274,786 130,273,294.74
1.46 CSCO CISCO SYSTEMS INC 2198163 48.49 2,461,536 119,359,880.64
1.42 QCOM QUALCOMM INC 2714923 171.29 678,446 116,211,015.34
1.41 TMUS T-MOBILE US INC B94Q9V0 160.05 721,571 115,487,438.55
1.29 INTU INTUIT INC 2459020 621.11 170,310 105,781,244.10
1.28 AMAT APPLIED MATERIALS INC 2046552 207.86 504,984 104,965,974.24
1.16 CMCSA COMCAST CORP-CLASS A 2044545 39.37 2,408,506 94,822,881.22
1.12 TXN TEXAS INSTRUMENTS INC 2885409 166.33 552,571 91,909,134.43
1.12 INTC INTEL CORP 2463247 35.69 2,569,837 91,717,482.53
1.06 AMGN AMGEN INC 2023607 267.28 325,617 87,030,911.76
1.01 ISRG INTUITIVE SURGICAL INC 2871301 384.80 214,245 82,441,476.00
1.00 MU MICRON TECHNOLOGY INC 2588184 122.52 670,672 82,170,733.44
0.95 HON HONEYWELL INTL 2020459 196.16 396,424 77,762,531.84
0.93 LRCX LAM RESEARCH CORP 2502247 957.04 79,773 76,345,951.92
0.89 BKNG BOOKING HOLDINGS INC BDRXDB4 3,531.80 20,543 72,553,767.40
0.76 VRTX VERTEX PHARM 2931034 396.55 156,695 62,137,402.25
0.74 ADP AUTOMATIC DATA PROCESSING 2065308 243.85 249,276 60,785,952.60
0.72 REGN REGENERON PHARMACEUTICALS 2730190 904.70 65,358 59,129,382.60
0.71 SBUX STARBUCKS CORP 2842255 84.92 687,669 58,396,851.48
0.71 ADI ANALOG DEVICES INC 2032067 192.27 301,371 57,944,602.17
0.68 KLAC KLA CORP 2480138 680.78 82,222 55,975,093.16
0.67 PANW PALO ALTO NETWORKS INC B87ZMX0 279.07 196,069 54,716,975.83
0.67 MDLZ MONDELEZ INTER-A B8CKK03 66.69 817,786 54,538,148.34
0.63 SNPS SYNOPSYS INC 2867719 557.16 92,608 51,597,473.28
0.63 GILD GILEAD SCIENCES INC 2369174 68.07 756,738 51,511,155.66
0.62 CDNS CADENCE DESIGN SYS INC 2302232 305.85 165,467 50,608,081.95
0.62 ASML ASML HOLDING-NY B908F01 961.84 52,365 50,366,751.60
0.57 PDD PDD HOLDINGS INC BYVW0F7 115.50 405,595 46,846,222.50
0.55 MELI MERCADOLIBRE INC B23X1H3 1,444.14 30,932 44,670,138.48
0.54 MAR MARRIOTT INTL-A 2210614 251.06 175,771 44,129,067.26
0.52 CRWD CROWDSTRIKE HO-A BJJP138 309.05 138,151 42,695,566.55
0.52 ABNB AIRBNB INC-CLASS A BMGYYH4 159.37 265,975 42,388,435.75
0.51 CSX CSX CORP 2160753 35.34 1,189,119 42,023,465.46
0.51 PYPL PAYPAL HOLDINGS INC BYW36M8 64.59 650,283 42,001,778.97
0.50 CTAS CINTAS CORP 2197137 668.41 61,343 41,002,274.63
0.47 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,076.49 35,928 38,676,132.72
0.46 PCAR PACCAR INC 2665861 118.16 317,874 37,559,991.84
0.45 MRVL MARVELL TECHNOLOGY INC BNKJSM5 70.16 524,668 36,810,706.88
0.45 CEG CONSTELLATION ENERGY BMH4FS1 191.67 191,934 36,787,989.86
0.44 NXPI NXP SEMICONDUCTORS NV B505PN7 233.61 155,396 36,302,059.56
0.42 MNST MONSTER BEVERAGE CORP BZ07BW4 55.01 631,484 34,737,934.84
0.42 ROP ROPER TECHNOLOGIES INC 2749602 535.83 64,720 34,678,917.60
0.41 WDAY WORKDAY INC-CLASS A B8K6ZD1 263.69 126,877 33,456,196.13
0.40 CPRT COPART INC 2208073 55.38 583,220 32,298,723.60
0.39 DXCM DEXCOM INC B0796X4 136.14 233,686 31,814,012.04
0.39 DASH DOORDASH INC - A BN13P03 138.38 228,428 31,609,866.64
0.38 ADSK AUTODESK INC 2065159 236.98 129,813 30,763,084.74
0.38 FTNT FORTINET INC B5B2106 66.45 462,605 30,740,102.25
0.36 ODFL OLD DOMINION FREIGHT LINE 2656423 221.13 131,512 29,081,248.56
0.34 MCHP MICROCHIP TECHNOLOGY INC 2592174 85.64 327,519 28,048,727.16
0.34 ROST ROSS STORES INC 2746711 135.99 203,884 27,726,185.16
0.33 PAYX PAYCHEX INC 2674458 123.00 219,004 26,937,492.00
0.32 KHC KRAFT HEINZ CO/THE BYRY499 35.94 734,962 26,414,534.28
0.32 AEP AMERICAN ELECTRIC POWER 2026242 82.10 318,870 26,179,227.00
0.31 KDP KEURIG DR PEPPER INC BD3W133 30.22 840,845 25,410,335.90
0.31 IDXX IDEXX LABORATORIES INC 2459202 497.79 50,305 25,041,325.95
0.30 LULU LULULEMON ATHLETICA INC B23FN39 336.13 73,626 24,747,907.38
0.30 FAST FASTENAL CO 2332262 70.45 346,952 24,442,768.40
0.30 MRNA MODERNA INC BGSXTS3 105.14 231,408 24,330,237.12
0.30 AZN ASTRAZENECA PLC-SPONS ADR 2989044 68.93 352,829 24,320,502.97
0.29 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 86.28 275,840 23,799,475.20
0.29 DDOG DATADOG INC - CLASS A BKT9Y49 127.51 185,235 23,619,314.85
0.28 TTD TRADE DESK INC-A BD8FDD1 86.37 269,433 23,270,928.21
0.28 CHTR CHARTER COMMUN-A BZ6VT82 260.50 88,035 22,933,117.50
0.27 CSGP COSTAR GROUP INC 2262864 90.34 247,167 22,329,066.78
0.27 FANG DIAMONDBACK ENERGY INC B7Y8YR3 206.34 107,835 22,250,673.90
0.27 EXC EXELON CORP 2670519 36.48 605,111 22,074,449.28
0.26 CTSH COGNIZANT TECH-A 2257019 69.26 301,687 20,894,841.62
0.25 EA ELECTRONIC ARTS INC 2310194 127.89 162,096 20,730,457.44
0.24 BKR BAKER HUGHES CO BDHLTQ5 33.05 605,559 20,013,724.95
0.24 CDW CDW CORP/DE BBM5MD6 242.91 81,336 19,757,327.76
0.24 TEAM ATLASSIAN CORP-CL A BQ1PC76 206.53 95,170 19,655,460.10
0.24 VRSK VERISK ANALYTICS INC B4P9W92 222.53 86,840 19,324,505.20
0.23 CCEP COCA-COLA EUROPA BYQQ3P5 67.74 276,409 18,723,945.66
0.22 XEL XCEL ENERGY INC 2614807 53.17 335,569 17,842,203.73
0.22 ANSS ANSYS INC 2045623 334.20 52,548 17,561,541.60
0.21 BIIB BIOGEN INC 2455965 198.18 87,996 17,439,047.28
0.21 ON ON SEMICONDUCTOR 2583576 66.64 258,757 17,243,566.48
0.20 DLTR DOLLAR TREE INC 2272476 125.19 131,776 16,497,037.44
0.20 GFS GLOBALFOUNDRIES INC BMW7F63 49.38 331,120 16,350,705.60
0.20 ZS ZSCALER INC BZ00V34 181.41 89,726 16,277,193.66
0.19 MDB MONGODB INC BF2FJ99 352.06 43,641 15,364,250.46
0.19 TTWO TAKE-TWO INTERAC 2122117 147.27 102,931 15,158,648.37
0.15 CASH 1.00 12,640,245 12,640,245.39
0.15 WBD WARNER BROS DISCOVERY INC BM8JYX3 8.34 1,472,376 12,279,615.84
0.15 ILMN ILLUMINA INC 2613990 127.07 95,797 12,172,924.79
0.11 WBA WALGREENS BOOTS BTN1Y44 17.85 519,919 9,280,554.15
0.09 SIRI SIRIUS XM HOLDINGS INC BGLDK10 3.21 2,312,141 7,421,972.61
0.01 OTHER PAYABLE & RECEIVABLES 1.00 615,037 615,036.71
-1.37 NDX US 04/19/24 C17900 24,420.00 -4,602 -112,380,840.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 04/12/24

Return on Equity 23.50%
Weighted Avg. Market Cap 1,048,080 M
2023 2024
Price-to-earnings 31.17 26.82
Price-to-book value 6.94 5.78

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 03/31/24

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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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.