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 makes distributions on a monthly basis.

Key Information As of 05/30/23

Inception Date 09/18/20
Total Expense Ratio 0.60%
Net Assets $81.43 million
NAV $26.78
Fact Sheet

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 05/30/23

Ticker QYLG
Bloomberg Index Ticker BXNH
CUSIP 37954Y269
ISIN US37954Y2697
Primary Exchange Nasdaq
Shares Outstanding 3,040,000
Number of Holdings 103
30-Day Median Bid-Ask Spread 0.27%

Distributions As of 05/30/23

30-Day SEC Yield 0.27%
12-Month Trailing Yield 5.51%
Distribution Yield 5.47%
Distribution Frequency Monthly

ETF Prices As of 05/30/23

NAV $26.78 Daily Change $0.07 0.26%
Market Price $26.82 Daily Change $0.16 0.60%

Performance History

As of recent
(03/31/23)
As of recent
(03/31/23)
Fund NAV Market Price Index
1 Year -9.07% -9.33% -8.41%
Since Inception 6.22% 6.26% 6.87%
1 Year 2.53% 2.03% 3.23%
Since Inception 6.49% 6.52% 7.13%
Year-to-Date 15.85% 16.25% 16.10%
1 Month 7.61% 7.60% 7.70%
3 Months 15.85% 16.25% 16.10%
Since Inception 16.50% 16.63% 18.32%
Year-to-Date 17.21% 17.57% 17.49%
1 Month 1.18% 1.14% 1.20%
3 Months 7.66% 7.61% 7.83%
Since Inception 17.87% 17.95% 19.74%

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.

Top Holdings As of 05/30/23

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
13.56 MSFT MICROSOFT CORP 2588173 331.21 33,336 11,041,216.56
12.46 AAPL APPLE INC 2046251 177.30 57,228 10,146,524.40
7.10 NVDA NVIDIA CORP 2379504 401.11 14,414 5,781,599.54
6.89 AMZN AMAZON.COM INC 2000019 121.66 46,092 5,607,552.72
4.19 META META PLATFORMS INC B7TL820 262.52 12,992 3,410,659.84
4.15 GOOGL ALPHABET INC-CL A BYVY8G0 123.67 27,313 3,377,798.71
4.11 GOOG ALPHABET INC-CL C BYY88Y7 124.64 26,851 3,346,708.64
3.52 TSLA TESLA INC B616C79 201.16 14,239 2,864,317.24
2.40 AVGO BROADCOM INC BDZ78H9 803.34 2,435 1,956,132.90
1.79 PEP PEPSICO INC 2681511 181.61 8,045 1,461,052.45
1.62 COST COSTCO WHOLESALE CORP 2701271 508.03 2,593 1,317,321.79
1.48 CSCO CISCO SYSTEMS INC 2198163 50.17 23,938 1,200,969.46
1.45 AMD ADVANCED MICRO DEVICES 2007849 125.27 9,421 1,180,168.67
1.37 ADBE ADOBE INC 2008154 417.21 2,677 1,116,871.17
1.26 NFLX NETFLIX INC 2857817 392.98 2,604 1,023,319.92
1.18 TMUS T-MOBILE US INC B94Q9V0 135.12 7,129 963,270.48
1.18 CMCSA COMCAST CORP-CLASS A 2044545 39.16 24,594 963,101.04
1.15 TXN TEXAS INSTRUMENTS INC 2885409 176.55 5,300 935,715.00
0.93 HON HONEYWELL INTL 2020459 194.55 3,909 760,495.95
0.92 QCOM QUALCOMM INC 2714923 115.20 6,526 751,795.20
0.89 INTC INTEL CORP 2463247 29.99 24,209 726,027.91
0.84 AMGN AMGEN INC 2023607 218.53 3,125 682,906.25
0.83 AMAT APPLIED MATERIALS INC 2046552 136.57 4,948 675,748.36
0.82 INTU INTUIT INC 2459020 406.09 1,642 666,799.78
0.81 SBUX STARBUCKS CORP 2842255 97.75 6,726 657,466.50
0.77 ISRG INTUITIVE SURGICAL INC 2871301 307.07 2,051 629,800.57
0.71 MDLZ MONDELEZ INTER-A B8CKK03 72.37 7,983 577,729.71
0.69 GILD GILEAD SCIENCES INC 2369174 76.33 7,304 557,514.32
0.68 BKNG BOOKING HOLDINGS INC BDRXDB4 2,528.77 220 556,329.40
0.65 ADI ANALOG DEVICES INC 2032067 177.43 2,963 525,725.09
0.63 ADP AUTOMATIC DATA PROCESSING 2065308 210.12 2,428 510,171.36
0.61 LRCX LAM RESEARCH CORP 2502247 629.96 791 498,298.36
0.60 VRTX VERTEX PHARM 2931034 325.30 1,506 489,901.80
0.56 REGN REGENERON PHARMACEUTICALS 2730190 728.60 630 459,018.00
0.56 MU MICRON TECHNOLOGY INC 2588184 71.69 6,399 458,744.31
0.51 FISV FISERV INC 2342034 112.96 3,683 416,031.68
0.51 SNPS SYNOPSYS INC 2867719 464.83 894 415,558.02
0.51 PYPL PAYPAL HOLDINGS INC BYW36M8 62.05 6,638 411,887.90
0.46 CSX CSX CORP 2160753 30.97 12,104 374,860.88
0.46 KLAC KLA CORP 2480138 458.73 813 372,947.49
0.46 PANW PALO ALTO NETWORKS INC B87ZMX0 212.48 1,744 370,565.12
0.45 CDNS CADENCE DESIGN SYS INC 2302232 234.75 1,574 369,496.50
0.45 ASML ASML HOLDING-NY B908F01 728.26 507 369,227.82
0.45 MELI MERCADOLIBRE INC B23X1H3 1,249.72 295 368,667.40
0.45 ATVI ACTIVISION BLIZZARD INC 2575818 80.02 4,605 368,492.10
0.43 MNST MONSTER BEVERAGE CORP BZ07BW4 57.75 6,126 353,776.50
0.41 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 928.08 363 336,893.04
0.38 MRVL MARVELL TECHNOLOGY INC BNKJSM5 63.40 4,900 310,660.00
0.38 FTNT FORTINET INC B5B2106 68.54 4,517 309,595.18
0.37 MAR MARRIOTT INTL-A 2210614 169.09 1,776 300,303.84
0.36 CHTR CHARTER COMMUN-A BZ6VT82 333.34 879 293,005.86
0.35 MRNA MODERNA INC BGSXTS3 128.89 2,224 286,651.36
0.34 CTAS CINTAS CORP 2197137 471.59 585 275,880.15
0.33 NXPI NXP SEMICONDUCTORS NV B505PN7 182.07 1,491 271,466.37
0.33 KHC KRAFT HEINZ CO/THE BYRY499 37.85 7,050 266,842.50
0.31 DXCM DEXCOM INC B0796X4 113.56 2,223 252,443.88
0.31 ABNB AIRBNB INC-CLASS A BMGYYH4 107.19 2,353 252,218.07
0.31 KDP KEURIG DR PEPPER INC BD3W133 31.00 8,090 250,790.00
0.31 BIIB BIOGEN INC 2455965 298.69 831 248,211.39
0.30 AZN ASTRAZENECA PLC-SPONS ADR 2989044 71.43 3,468 247,719.24
0.30 WDAY WORKDAY INC-CLASS A B8K6ZD1 209.08 1,172 245,041.76
0.30 CPRT COPART INC 2208073 88.60 2,740 242,764.00
0.30 MCHP MICROCHIP TECHNOLOGY INC 2592174 76.85 3,150 242,077.50
0.30 ADSK AUTODESK INC 2065159 195.04 1,241 242,044.64
0.30 AEP AMERICAN ELECTRIC POWER 2026242 81.79 2,959 242,016.61
0.29 LULU LULULEMON ATHLETICA INC B23FN39 336.64 704 236,994.56
0.28 PDD PDD HOLDINGS INC BYVW0F7 67.63 3,417 231,091.71
0.28 EXC EXELON CORP 2670519 39.34 5,711 224,670.74
0.27 PAYX PAYCHEX INC 2674458 107.34 2,071 222,301.14
0.27 IDXX IDEXX LABORATORIES INC 2459202 466.22 476 221,920.72
0.26 PCAR PACCAR INC 2665861 71.16 3,000 213,480.00
0.26 SGEN SEAGEN INC BLPK4D2 194.01 1,072 207,978.72
0.25 ROST ROSS STORES INC 2746711 103.26 1,976 204,041.76
0.25 XEL XCEL ENERGY INC 2614807 64.15 3,156 202,457.40
0.25 ODFL OLD DOMINION FREIGHT LINE 2656423 317.58 631 200,392.98
0.24 EA ELECTRONIC ARTS INC 2310194 126.48 1,573 198,953.04
0.24 CRWD CROWDSTRIKE HO-A BJJP138 158.59 1,250 198,237.50
0.24 VRSK VERISK ANALYTICS INC B4P9W92 218.64 887 193,933.68
0.23 GFS GLOBALFOUNDRIES INC BMW7F63 60.69 3,122 189,474.18
0.23 CSGP COSTAR GROUP INC 2262864 78.65 2,331 183,333.15
0.22 CTSH COGNIZANT TECH-A 2257019 62.45 2,919 182,291.55
0.22 FAST FASTENAL CO 2332262 54.90 3,272 179,632.80
0.22 ILMN ILLUMINA INC 2613990 194.51 905 176,031.55
0.22 DLTR DOLLAR TREE INC 2272476 138.48 1,269 175,731.12
0.20 ANSS ANSYS INC 2045623 329.16 498 163,921.68
0.20 BKR BAKER HUGHES CO BDHLTQ5 27.80 5,785 160,823.00
0.19 DDOG DATADOG INC - CLASS A BKT9Y49 93.69 1,682 157,586.58
0.19 WBD WARNER BROS DISCOVERY INC BM8JYX3 11.30 13,916 157,250.80
0.19 CEG CONSTELLATION ENERGY BMH4FS1 83.70 1,870 156,519.00
0.18 WBA WALGREENS BOOTS BTN1Y44 29.93 4,931 147,584.83
0.18 TEAM ATLASSIAN CORP -CLASS A BQ1PC76 168.85 855 144,366.75
0.17 FANG DIAMONDBACK ENERGY INC B7Y8YR3 129.49 1,047 135,576.03
0.17 ENPH ENPHASE ENERGY INC B65SQW4 174.12 778 135,465.36
0.16 EBAY EBAY INC 2293819 43.37 3,063 132,842.31
0.15 ALGN ALIGN TECHNOLOGY INC 2679204 284.95 437 124,523.15
0.14 ZS ZSCALER INC BZ00V34 134.72 818 110,200.96
0.11 ZM ZOOM VIDEO COM-A BGSP7M9 65.68 1,392 91,426.56
0.11 CASH 1.00 85,549 85,549.03
0.10 JD JD.COM INC-ADR BMM27D9 32.10 2,610 83,781.00
0.10 LCID LUCID GROUP INC BP0TR77 7.71 10,298 79,397.58
0.10 SIRI SIRIUS XM HOLDINGS INC BGLDK10 3.60 21,920 78,912.00
0.09 RIVN RIVIAN AUTOMOTIVE INC-A BL98841 14.87 5,158 76,699.46
-0.06 NQX US 06/16/23 C2770 12,815.00 -4 -51,260.00
-2.18 NDX US 06/16/23 C13850 63,380.00 -28 -1,774,640.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

Sector Breakdown As of 04/30/23

Sector Weight (%)
Information Technology 51.4
Communication Services 16.9
Consumer Discretionary 14.5
Health Care 6.3
Consumer Staples 5.9
Industrials 3.4
Utilities 1.2
Energy 0.4

Source: AltaVista Research, LLC

ETF Characteristics As of 05/30/23

Return on Equity 23.50%
Weighted Avg. Market Cap 1,000,170 M
2022 2023
Price-to-earnings 29.15 27.41
Price-to-book value 7.05 5.93

Source: AltaVista Research, LLC

ETF Risk Stats As of 04/30/23

Versus Beta
S&P 500 0.92
NASDAQ-100 0.79
MSCI EAFE 0.77
MSCI Emg. Mkts 0.60
Standard Deviation 18.60%

Source: AltaVista 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.

Back to Top