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 07/26/24

Inception Date 09/18/20
Total Expense Ratio 0.35%
Net Assets $107.52 million
NAV $30.72
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 07/25/24

Ticker QYLG
Bloomberg Index Ticker BXNH
CUSIP 37954Y269
ISIN US37954Y2697
Primary Exchange Nasdaq
Shares Outstanding 3,500,000
Number of Holdings 102
30-Day Median Bid-Ask Spread 0.35%

Distributions As of 07/26/24

30-Day SEC Yield 0.48%
12-Month Trailing Yield 5.77%
Distribution Yield 6.42%
Distribution Frequency Monthly

ETF Prices As of 07/26/24

NAV $30.72 Daily Change $0.30 0.99%
Market Price $30.63 Daily Change $0.19 0.62%

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 21.01% 21.06% 21.71%
3 Years 7.74% 7.73% 8.40%
Since Inception 12.56% 12.55% 13.22%
1 Year 21.01% 21.06% 21.71%
3 Years 7.74% 7.73% 8.40%
Since Inception 12.56% 12.55% 13.22%
Year-to-Date 12.63% 12.40% 12.98%
1 Month 4.02% 4.16% 4.13%
3 Months 4.74% 4.44% 4.88%
Since Inception 56.48% 56.41% 59.96%
Year-to-Date 12.63% 12.40% 12.98%
1 Month 4.02% 4.16% 4.13%
3 Months 4.74% 4.44% 4.88%
Since Inception 56.48% 56.41% 59.96%

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 07/25/24

Nasdaq 100 Price 18,830.60

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short NASDAQ Call Option -$52,725,635 19650 4.35% 08/16/2024 22

Top Holdings As of 07/26/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
9.01 AAPL APPLE INC 2046251 217.96 44,466 9,691,809.36
8.53 MSFT MICROSOFT CORP 2588173 425.27 21,553 9,165,844.31
7.50 NVDA NVIDIA CORP 2379504 113.06 71,337 8,065,361.22
5.12 AMZN AMAZON.COM INC 2000019 182.50 30,188 5,509,310.00
4.90 AVGO BROADCOM INC BDZ78H9 151.63 34,722 5,264,896.86
4.38 META META PLATFORMS INC B7TL820 465.70 10,115 4,710,555.50
2.86 TSLA TESLA INC B616C79 219.80 14,011 3,079,617.80
2.65 GOOGL ALPHABET INC-CL A BYVY8G0 167.00 17,051 2,847,517.00
2.56 GOOG ALPHABET INC-CL C BYY88Y7 168.68 16,306 2,750,496.08
2.53 COST COSTCO WHOLESALE CORP 2701271 817.60 3,326 2,719,337.60
1.90 NFLX NETFLIX INC 2857817 631.37 3,233 2,041,219.21
1.70 ADBE ADOBE INC 2008154 542.44 3,362 1,823,683.28
1.66 PEP PEPSICO INC 2681511 172.75 10,318 1,782,434.50
1.58 AMD ADVANCED MICRO DEVICES 2007849 139.99 12,130 1,698,078.70
1.52 LIN LINDE PLC BNZHB81 451.39 3,609 1,629,066.51
1.44 TMUS T-MOBILE US INC B94Q9V0 175.53 8,797 1,544,137.41
1.40 QCOM QUALCOMM INC 2714923 180.05 8,379 1,508,638.95
1.35 CSCO CISCO SYSTEMS INC 2198163 47.88 30,255 1,448,609.40
1.29 TXN TEXAS INSTRUMENTS INC 2885409 201.99 6,838 1,381,207.62
1.26 AMGN AMGEN INC 2023607 334.85 4,029 1,349,110.65
1.24 INTU INTUIT INC 2459020 633.36 2,100 1,330,056.00
1.19 AMAT APPLIED MATERIALS INC 2046552 206.47 6,219 1,284,036.93
1.09 ISRG INTUITIVE SURGICAL INC 2871301 441.30 2,665 1,176,064.50
1.09 CMCSA COMCAST CORP-CLASS A 2044545 39.69 29,413 1,167,401.97
0.93 INTC INTEL CORP 2463247 31.35 32,003 1,003,294.05
0.92 HON HONEYWELL INTL 2020459 202.74 4,895 992,412.30
0.89 VRTX VERTEX PHARM 2931034 495.26 1,921 951,394.46
0.87 BKNG BOOKING HOLDINGS INC BDRXDB4 3,700.99 253 936,350.47
0.84 MU MICRON TECHNOLOGY INC 2588184 109.41 8,243 901,866.63
0.82 REGN REGENERON PHARMACEUTICALS 2730190 1,078.63 815 879,083.45
0.81 LRCX LAM RESEARCH CORP 2502247 894.64 973 870,484.72
0.78 ADI ANALOG DEVICES INC 2032067 226.43 3,693 836,205.99
0.74 KLAC KLA CORP 2480138 787.39 1,014 798,413.46
0.73 PANW PALO ALTO NETWORKS INC B87ZMX0 326.81 2,409 787,285.29
0.72 ADP AUTOMATIC DATA PROCESSING 2065308 252.67 3,045 769,380.15
0.66 GILD GILEAD SCIENCES INC 2369174 77.01 9,265 713,497.65
0.62 MDLZ MONDELEZ INTER-A B8CKK03 66.42 10,108 671,373.36
0.60 PDD PDD HOLDINGS INC BYVW0F7 130.80 4,967 649,683.60
0.58 SBUX STARBUCKS CORP 2842255 74.05 8,421 623,575.05
0.58 MELI MERCADOLIBRE INC B23X1H3 1,651.69 377 622,687.13
0.58 SNPS SYNOPSYS INC 2867719 546.38 1,139 622,326.82
0.56 ASML ASML HOLDING-NY B908F01 886.73 676 599,431.64
0.53 CTAS CINTAS CORP 2197137 761.39 754 574,088.06
0.49 CDNS CADENCE DESIGN SYS INC 2302232 258.79 2,023 523,532.17
0.47 MAR MARRIOTT INTL-A 2210614 236.60 2,122 502,065.20
0.46 CSX CSX CORP 2160753 34.32 14,524 498,463.68
0.46 NXPI NXP SEMICONDUCTORS NV B505PN7 253.62 1,930 489,486.60
0.45 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,110.31 438 486,315.78
0.43 ABNB AIRBNB INC-CLASS A BMGYYH4 140.10 3,279 459,387.90
0.42 PYPL PAYPAL HOLDINGS INC BYW36M8 58.29 7,780 453,496.20
0.41 CRWD CROWDSTRIKE HO-A BJJP138 256.16 1,715 439,314.40
0.41 ROP ROPER TECHNOLOGIES INC 2749602 548.53 794 435,532.82
0.39 MRVL MARVELL TECHNOLOGY INC BNKJSM5 65.72 6,426 422,316.72
0.38 CEG CONSTELLATION ENERGY BMH4FS1 175.04 2,335 408,718.40
0.37 MNST MONSTER BEVERAGE CORP BZ07BW4 51.00 7,731 394,281.00
0.36 CHTR CHARTER COMMUN-A BZ6VT82 367.62 1,065 391,515.30
0.36 PCAR PACCAR INC 2665861 99.24 3,891 386,142.84
0.36 ADSK AUTODESK INC 2065159 240.86 1,599 385,135.14
0.35 AEP AMERICAN ELECTRIC POWER 2026242 96.45 3,910 377,119.50
0.34 CPRT COPART INC 2208073 51.05 7,138 364,394.90
0.33 WDAY WORKDAY INC-CLASS A B8K6ZD1 228.64 1,573 359,650.72
0.32 ROST ROSS STORES INC 2746711 140.91 2,475 348,752.25
0.32 MRNA MODERNA INC BGSXTS3 122.11 2,842 347,036.62
0.32 MCHP MICROCHIP TECHNOLOGY INC 2592174 86.83 3,970 344,715.10
0.32 KDP KEURIG DR PEPPER INC BD3W133 33.74 10,064 339,559.36
0.31 AZN ASTRAZENECA PLC-SPONS ADR 2989044 78.13 4,318 337,365.34
0.31 ODFL OLD DOMINION FREIGHT LINE 2656423 202.93 1,649 334,631.57
0.31 PAYX PAYCHEX INC 2674458 125.75 2,654 333,740.50
0.30 FTNT FORTINET INC B5B2106 57.00 5,663 322,791.00
0.29 SMCI SUPER MICRO COMPUTER INC B1VQR35 712.19 444 316,212.36
0.28 TTD TRADE DESK INC-A BD8FDD1 92.43 3,299 304,926.57
0.28 KHC KRAFT HEINZ CO/THE BYRY499 33.36 8,998 300,173.28
0.28 FAST FASTENAL CO 2332262 70.37 4,241 298,439.17
0.28 DASH DOORDASH INC - A BN13P03 104.74 2,827 296,099.98
0.27 VRSK VERISK ANALYTICS INC B4P9W92 279.97 1,051 294,248.47
0.27 IDXX IDEXX LABORATORIES INC 2459202 469.71 610 286,523.10
0.27 EA ELECTRONIC ARTS INC 2310194 145.18 1,959 284,407.62
0.26 BKR BAKER HUGHES CO BDHLTQ5 37.65 7,410 278,986.50
0.26 CTSH COGNIZANT TECH-A 2257019 74.57 3,689 275,088.73
0.25 EXC EXELON CORP 2670519 36.75 7,419 272,648.25
0.25 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 80.50 3,383 272,331.50
0.25 DDOG DATADOG INC - CLASS A BKT9Y49 118.31 2,285 270,338.35
0.25 FANG DIAMONDBACK ENERGY INC B7Y8YR3 200.76 1,324 265,806.24
0.24 CCEP COCA-COLA EUROPA BYQQ3P5 74.29 3,401 252,660.29
0.22 CSGP COSTAR GROUP INC 2262864 78.51 3,023 237,335.73
0.22 XEL XCEL ENERGY INC 2614807 57.36 4,115 236,036.40
0.21 CDW CDW CORP/DE BBM5MD6 229.74 995 228,591.30
0.21 BIIB BIOGEN INC 2455965 211.17 1,078 227,641.26
0.21 LULU LULULEMON ATHLETICA INC B23FN39 253.50 888 225,108.00
0.21 ON ON SEMICONDUCTOR 2583576 70.17 3,185 223,491.45
0.20 GFS GLOBALFOUNDRIES INC BMW7F63 51.75 4,084 211,347.00
0.19 TEAM ATLASSIAN CORP-CL A BQ1PC76 177.32 1,177 208,705.64
0.19 ANSS ANSYS INC 2045623 312.26 645 201,407.70
0.19 ZS ZSCALER INC BZ00V34 181.36 1,107 200,765.52
0.18 TTWO TAKE-TWO INTERAC 2122117 150.75 1,266 190,843.17
0.18 DXCM DEXCOM INC B0796X4 64.00 2,946 188,544.00
0.16 DLTR DOLLAR TREE INC 2272476 103.93 1,614 167,743.02
0.14 WBD WARNER BROS DISCOVERY INC BM8JYX3 8.31 18,072 150,178.32
0.13 ILMN ILLUMINA INC 2613990 120.43 1,174 141,384.82
0.13 MDB MONGODB INC BF2FJ99 253.50 539 136,636.50
0.12 ARM ARM HOLDINGS PLC-ADR BNSP5P7 149.00 869 129,481.00
0.12 CASH 1.00 127,797 127,796.72
-0.02 OTHER PAYABLE & RECEIVABLES 1.00 -19,772 -19,771.51
-0.39 NDX US 08/16/24 C19650 14,915.00 -28 -417,620.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 06/30/24

Sector Weight (%)
Information Technology 51.9
Communication Services 15.6
Consumer Discretionary 12.5
Health Care 6.1
Consumer Staples 6.0
Industrials 4.2
Materials 1.4
Utilities 1.2
Energy 0.5
Financials 0.4
Real Estate 0.2

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Technology 26.3
Semiconductors 25.8
Media 12.1
Retail 9.3
Biotechnology 4.0
Hotels, Restaurants & Leisure 2.8
Automobiles 2.6
Beverages 2.5
Health Care 2.0
Chemicals 1.5
Telecommunication 1.5
Other 9.6

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 07/25/24

Return on Equity 22.50%
Weighted Avg. Market Cap 1,057,270 M
2023 2024
Price-to-earnings 32.71 27.96
Price-to-book value 6.91 5.80

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 06/30/24

Versus Beta
S&P 500 0.90
NASDAQ-100 0.76
MSCI EAFE 0.75
MSCI Emg. Mkts 0.59
Standard Deviation 17.60%

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.