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 has made monthly distributions 3 years running.

Key Information As of 02/28/24

Inception Date 09/18/20
Total Expense Ratio 0.60%
Net Assets $111.49 million
NAV $30.13
Fact Sheet View the document

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 02/27/24

Ticker QYLG
Bloomberg Index Ticker BXNH
CUSIP 37954Y269
ISIN US37954Y2697
Primary Exchange Nasdaq
Shares Outstanding 3,700,000
Number of Holdings 102
30-Day Median Bid-Ask Spread 0.30%

Distributions As of 02/28/24

30-Day SEC Yield 0.25%
12-Month Trailing Yield 5.54%
Distribution Yield 6.30%
Distribution Frequency Monthly

ETF Prices As of 02/28/24

NAV $30.13 Daily Change -$0.11 -0.36%
Market Price $30.18 Daily Change -$0.02 -0.07%

Performance History

As of recent
(12/31/23)
As of recent
(12/31/23)
Fund NAV Market Price Index
1 Year 38.16% 38.71% 38.92%
3 Years 6.50% 6.54% 7.12%
Since Inception 10.53% 10.58% 11.16%
1 Year 29.67% 29.72% 30.39%
3 Years 7.04% 6.90% 7.68%
Since Inception 10.96% 11.01% 11.61%
Year-to-Date 38.16% 38.71% 38.92%
1 Month 4.14% 4.51% 4.18%
3 Months 10.55% 10.91% 10.64%
Since Inception 38.94% 39.16% 41.58%
Year-to-Date 2.18% 2.17% 2.26%
1 Month 2.18% 2.17% 2.26%
3 Months 14.20% 14.52% 14.31%
Since Inception 41.97% 42.19% 44.78%

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 02/27/24

Nasdaq 100 Price 17,971.10

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short NASDAQ Call Option -$55,710,245 17750 0.00% 03/15/2024 17

Top Holdings As of 02/28/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
8.86 MSFT MICROSOFT CORP 2588173 407.72 24,230 9,879,055.60
8.25 AAPL APPLE INC 2046251 181.42 50,701 9,198,175.42
5.61 NVDA NVIDIA CORP 2379504 776.63 8,051 6,252,648.13
5.23 AMZN AMAZON.COM INC 2000019 173.16 33,688 5,833,414.08
5.00 META META PLATFORMS INC B7TL820 484.02 11,512 5,572,038.24
4.55 AVGO BROADCOM INC BDZ78H9 1,289.42 3,932 5,069,999.44
2.84 TSLA TESLA INC B616C79 202.04 15,687 3,169,401.48
2.50 COST COSTCO WHOLESALE CORP 2701271 747.96 3,728 2,788,394.88
2.36 GOOGL ALPHABET INC-CL A BYVY8G0 136.38 19,293 2,631,179.34
2.30 GOOG ALPHABET INC-CL C BYY88Y7 137.43 18,664 2,564,993.52
2.15 AMD ADVANCED MICRO DEVICES 2007849 176.54 13,602 2,401,297.08
1.97 NFLX NETFLIX INC 2857817 596.48 3,685 2,198,028.80
1.90 ADBE ADOBE INC 2008154 551.82 3,835 2,116,229.70
1.72 PEP PEPSICO INC 2681511 165.77 11,577 1,919,061.41
1.48 CSCO CISCO SYSTEMS INC 2198163 48.06 34,216 1,644,420.96
1.43 TMUS T-MOBILE US INC B94Q9V0 163.15 9,738 1,588,754.70
1.39 INTU INTUIT INC 2459020 659.16 2,358 1,554,299.28
1.34 INTC INTEL CORP 2463247 41.99 35,498 1,490,561.02
1.31 QCOM QUALCOMM INC 2714923 155.85 9,372 1,460,626.20
1.28 CMCSA COMCAST CORP-CLASS A 2044545 42.15 33,813 1,425,217.95
1.25 AMAT APPLIED MATERIALS INC 2046552 197.54 7,044 1,391,471.76
1.12 AMGN AMGEN INC 2023607 277.46 4,507 1,250,512.22
1.12 TXN TEXAS INSTRUMENTS INC 2885409 163.04 7,646 1,246,603.84
1.03 ISRG INTUITIVE SURGICAL INC 2871301 386.59 2,964 1,145,852.76
0.98 HON HONEYWELL INTL 2020459 196.49 5,551 1,090,715.99
0.92 BKNG BOOKING HOLDINGS INC BDRXDB4 3,495.63 293 1,024,219.59
0.92 LRCX LAM RESEARCH CORP 2502247 922.67 1,110 1,024,163.70
0.83 VRTX VERTEX PHARM 2931034 426.97 2,169 926,097.93
0.80 REGN REGENERON PHARMACEUTICALS 2730190 987.61 903 891,811.83
0.80 SBUX STARBUCKS CORP 2842255 93.00 9,571 890,103.00
0.78 ADP AUTOMATIC DATA PROCESSING 2065308 251.56 3,464 871,403.84
0.75 PANW PALO ALTO NETWORKS INC B87ZMX0 316.15 2,655 839,378.25
0.75 MDLZ MONDELEZ INTER-A B8CKK03 73.19 11,459 838,684.21
0.75 MU MICRON TECHNOLOGY INC 2588184 89.71 9,294 833,764.74
0.70 ADI ANALOG DEVICES INC 2032067 187.76 4,179 784,649.04
0.69 KLAC KLA CORP 2480138 673.00 1,145 770,585.00
0.68 GILD GILEAD SCIENCES INC 2369174 72.70 10,493 762,841.10
0.66 SNPS SYNOPSYS INC 2867719 570.28 1,282 731,098.96
0.63 PDD PDD HOLDINGS INC BYVW0F7 125.01 5,625 703,181.25
0.62 ASML ASML HOLDING-NY B908F01 939.50 739 694,290.50
0.62 CDNS CADENCE DESIGN SYS INC 2302232 300.58 2,291 688,628.78
0.60 MELI MERCADOLIBRE INC B23X1H3 1,579.49 426 672,862.74
0.56 CSX CSX CORP 2160753 37.68 16,639 626,957.52
0.55 MAR MARRIOTT INTL-A 2210614 248.99 2,472 615,503.28
0.55 CRWD CROWDSTRIKE HO-A BJJP138 320.94 1,917 615,241.98
0.50 ABNB AIRBNB INC-CLASS A BMGYYH4 153.43 3,660 561,553.80
0.49 PYPL PAYPAL HOLDINGS INC BYW36M8 60.25 9,076 546,829.00
0.49 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,092.96 499 545,387.04
0.49 CTAS CINTAS CORP 2197137 630.72 864 544,942.08
0.48 NXPI NXP SEMICONDUCTORS NV B505PN7 243.98 2,170 529,436.60
0.47 WDAY WORKDAY INC-CLASS A B8K6ZD1 295.16 1,759 519,186.44
0.44 ROP ROPER TECHNOLOGIES INC 2749602 543.45 906 492,365.70
0.44 MNST MONSTER BEVERAGE CORP BZ07BW4 55.85 8,759 489,190.15
0.43 MRVL MARVELL TECHNOLOGY INC BNKJSM5 67.54 7,146 482,640.84
0.43 PCAR PACCAR INC 2665861 111.37 4,331 482,343.47
0.42 LULU LULULEMON ATHLETICA INC B23FN39 464.14 1,005 466,460.70
0.41 ADSK AUTODESK INC 2065159 255.25 1,769 451,537.25
0.40 CEG CONSTELLATION ENERGY BMH4FS1 170.83 2,635 450,137.05
0.40 FTNT FORTINET INC B5B2106 69.51 6,357 441,875.07
0.39 CPRT COPART INC 2208073 53.08 8,144 432,283.52
0.38 ROST ROSS STORES INC 2746711 150.45 2,798 420,959.10
0.35 IDXX IDEXX LABORATORIES INC 2459202 571.68 686 392,172.48
0.35 ODFL OLD DOMINION FREIGHT LINE 2656423 432.90 903 390,908.70
0.34 DASH DOORDASH INC - A BN13P03 122.44 3,063 375,033.72
0.34 PAYX PAYCHEX INC 2674458 122.41 3,063 374,941.83
0.34 DXCM DEXCOM INC B0796X4 114.22 3,278 374,413.16
0.33 AEP AMERICAN ELECTRIC POWER 2026242 83.32 4,458 371,440.56
0.33 KHC KRAFT HEINZ CO/THE BYRY499 35.54 10,403 369,722.62
0.33 MCHP MICROCHIP TECHNOLOGY INC 2592174 82.18 4,467 367,098.06
0.32 KDP KEURIG DR PEPPER INC BD3W133 30.03 11,858 356,095.74
0.32 CHTR CHARTER COMMUN-A BZ6VT82 288.34 1,222 352,351.48
0.31 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 93.02 3,751 348,918.02
0.31 FAST FASTENAL CO 2332262 73.56 4,709 346,394.04
0.30 DDOG DATADOG INC - CLASS A BKT9Y49 130.47 2,560 334,003.20
0.29 CTSH COGNIZANT TECH-A 2257019 78.48 4,132 324,279.36
0.29 TTD TRADE DESK INC-A BD8FDD1 84.90 3,814 323,808.60
0.28 AZN ASTRAZENECA PLC-SPONS ADR 2989044 65.35 4,792 313,157.20
0.28 EA ELECTRONIC ARTS INC 2310194 140.08 2,217 310,557.36
0.27 MRNA MODERNA INC BGSXTS3 97.48 3,134 305,502.32
0.27 EXC EXELON CORP 2670519 35.80 8,507 304,550.60
0.27 CSGP COSTAR GROUP INC 2262864 86.35 3,490 301,361.50
0.27 VRSK VERISK ANALYTICS INC B4P9W92 242.00 1,239 299,838.00
0.27 ZS ZSCALER INC BZ00V34 237.29 1,256 298,036.24
0.25 CDW CDW CORP/DE BBM5MD6 244.91 1,133 277,483.03
0.25 FANG DIAMONDBACK ENERGY INC B7Y8YR3 179.76 1,530 275,032.80
0.25 BIIB BIOGEN INC 2455965 221.74 1,238 274,514.12
0.24 DLTR DOLLAR TREE INC 2272476 146.14 1,862 272,112.68
0.24 XEL XCEL ENERGY INC 2614807 57.67 4,716 271,971.72
0.24 ON ON SEMICONDUCTOR 2583576 76.47 3,541 270,780.27
0.24 TEAM ATLASSIAN CORP-CL A BQ1PC76 207.05 1,272 263,367.60
0.23 CCEP COCA-COLA EUROPA BYQQ3P5 69.60 3,747 260,791.20
0.23 MDB MONGODB INC BF2FJ99 443.45 585 259,418.25
0.23 BKR BAKER HUGHES CO BDHLTQ5 29.48 8,599 253,498.52
0.22 ANSS ANSYS INC 2045623 333.09 742 247,152.78
0.22 GFS GLOBALFOUNDRIES INC BMW7F63 52.64 4,685 246,618.40
0.19 SPLK SPLUNK INC B424494 156.16 1,376 214,876.16
0.18 TTWO TAKE-TWO INTERAC 2122117 147.48 1,390 204,997.20
0.17 ILMN ILLUMINA INC 2613990 140.98 1,357 191,309.86
0.16 WBD WARNER BROS DISCOVERY INC BM8JYX3 8.71 20,843 181,542.53
0.14 WBA WALGREENS BOOTS BTN1Y44 21.16 7,383 156,224.28
0.13 SIRI SIRIUS XM HOLDINGS INC BGLDK10 4.43 32,815 145,370.45
0.10 CASH 1.00 115,573 115,572.50
0.04 OTHER PAYABLE & RECEIVABLES 1.00 47,753 47,752.63
-0.92 NDX US 03/15/24 C17750 32,900.00 -31 -1,019,900.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 01/31/24

Sector Weight (%)
Information Technology 51.5
Communication Services 15.7
Consumer Discretionary 13.8
Health Care 6.6
Consumer Staples 6.5
Industrials 3.9
Utilities 1.1
Financials 0.5
Energy 0.4

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Semiconductors 16.9
Packaged Software 16.5
Internet Software/Services 13.0
Telecommunications Equipment 9.7
Internet Retail 5.9
Biotechnology 4.4
Specialty Stores 2.9
Beverages: Non-Alcoholic 2.8
Information Technology Services 2.8
Motor Vehicles 2.7
Cable/Satellite TV 1.9
Other 20.5

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 02/27/24

Return on Equity 23.70%
Weighted Avg. Market Cap 967,857 M
2023 2024
Price-to-earnings 30.22 26.02
Price-to-book value 6.79 5.64

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 01/31/24

Versus Beta
S&P 500 0.89
NASDAQ-100 0.76
MSCI EAFE 0.74
MSCI Emg. Mkts 0.57
Standard Deviation 17.30%

Source: new windowAltaVista 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.