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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 10/11/24

Inception Date 09/18/20
Total Expense Ratio 0.35%
Net Assets $105.09 million
NAV $32.44
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 10/10/24

Ticker QYLG
Bloomberg Index Ticker BXNH
CUSIP 37954Y269
ISIN US37954Y2697
Primary Exchange Nasdaq
Shares Outstanding 3,240,000
Number of Holdings 102
30-Day Median Bid-Ask Spread 0.35%

Distributions As of 10/11/24

30-Day SEC Yield 0.46%
Trailing 12-Month Distribution (%) 5.81%
Distribution Rate 6.46%
Distribution Frequency Monthly

ETF Prices As of 10/11/24

NAV $32.44 Daily Change $0.05 0.15%
Market Price $32.42 Daily Change -$0.01 -0.03%

Performance History

As of recent month & quarter-end (09/30/24)
As of recent month & quarter-end (09/30/24)
Fund NAV Market Price Index
1 Year 28.88% 29.24% 29.62%
3 Years 8.70% 8.70% 9.34%
Since Inception 12.69% 12.73% 13.36%
1 Year 28.88% 29.24% 29.62%
3 Years 8.70% 8.70% 9.34%
Since Inception 12.69% 12.73% 13.36%
Year-to-Date 16.58% 16.53% 17.15%
1 Month 2.12% 2.41% 2.21%
3 Months 3.51% 3.68% 3.69%
Since Inception 61.98% 62.16% 65.86%
Year-to-Date 16.58% 16.53% 17.15%
1 Month 2.12% 2.41% 2.21%
3 Months 3.51% 3.68% 3.69%
Since Inception 61.98% 62.16% 65.86%

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 10/10/24

Nasdaq 100 Price 20,241.76

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short NASDAQ Call Option -$52,628,580 19725 0.00% 10/18/2024 8

Top Holdings As of 10/11/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
8.85 AAPL APPLE INC 2046251 227.55 40,872 9,300,423.60
8.46 NVDA NVIDIA CORP 2379504 134.80 65,942 8,888,981.60
7.92 MSFT MICROSOFT CORP 2588173 416.32 19,982 8,318,906.24
5.56 AVGO BROADCOM INC BDZ78H9 181.48 32,177 5,839,481.96
5.25 META META PLATFORMS INC B7TL820 589.95 9,343 5,511,902.85
5.07 AMZN AMAZON.COM INC 2000019 188.82 28,214 5,327,367.48
2.70 TSLA TESLA INC B616C79 217.80 13,018 2,835,320.40
2.61 COST COSTCO WHOLESALE CORP 2701271 889.03 3,083 2,740,879.49
2.45 GOOGL ALPHABET INC-CL A BYVY8G0 163.24 15,773 2,574,784.52
2.35 GOOG ALPHABET INC-CL C BYY88Y7 164.52 15,035 2,473,558.20
2.05 NFLX NETFLIX INC 2857817 722.79 2,984 2,156,805.36
1.80 AMD ADVANCED MICRO DEVICES 2007849 167.89 11,254 1,889,434.06
1.65 TMUS T-MOBILE US INC B94Q9V0 213.04 8,113 1,728,393.52
1.59 PEP PEPSICO INC 2681511 174.81 9,551 1,669,610.31
1.50 LIN LINDE PLC BNZHB81 474.04 3,314 1,570,968.56
1.46 ADBE ADOBE INC 2008154 495.42 3,089 1,530,352.38
1.45 CSCO CISCO SYSTEMS INC 2198163 54.25 28,014 1,519,759.50
1.25 QCOM QUALCOMM INC 2714923 169.98 7,746 1,316,665.08
1.24 TXN TEXAS INSTRUMENTS INC 2885409 205.11 6,349 1,302,243.39
1.17 AMGN AMGEN INC 2023607 328.35 3,736 1,226,715.60
1.14 INTU INTUIT INC 2459020 616.68 1,944 1,198,825.92
1.14 ISRG INTUITIVE SURGICAL INC 2871301 484.78 2,471 1,197,891.38
1.12 AMAT APPLIED MATERIALS INC 2046552 205.06 5,732 1,175,403.92
1.05 CMCSA COMCAST CORP-CLASS A 2044545 41.26 26,822 1,106,675.72
0.95 BKNG BOOKING HOLDINGS INC BDRXDB4 4,284.73 233 998,342.09
0.93 HON HONEYWELL INTL 2020459 215.99 4,517 975,626.83
0.82 VRTX VERTEX PHARM 2931034 481.71 1,795 864,669.45
0.80 PANW PALO ALTO NETWORKS INC B87ZMX0 373.20 2,252 840,446.40
0.78 MU MICRON TECHNOLOGY INC 2588184 106.92 7,710 824,353.20
0.77 ADP AUTOMATIC DATA PROCESSING 2065308 288.36 2,819 812,886.84
0.77 ADI ANALOG DEVICES INC 2032067 232.86 3,452 803,832.72
0.73 REGN REGENERON PHARMACEUTICALS 2730190 1,015.67 754 765,815.18
0.72 SBUX STARBUCKS CORP 2842255 95.55 7,880 752,934.00
0.72 KLAC KLA CORP 2480138 803.73 935 751,487.55
0.71 LRCX LAM RESEARCH CORP BSML4N7 82.89 8,990 745,181.10
0.70 MELI MERCADOLIBRE INC B23X1H3 2,091.16 353 738,179.48
0.70 GILD GILEAD SCIENCES INC 2369174 84.95 8,657 735,412.15
0.67 INTC INTEL CORP 2463247 23.56 29,733 700,509.48
0.63 PDD PDD HOLDINGS INC BYVW0F7 144.76 4,595 665,172.20
0.62 MDLZ MONDELEZ INTER-A B8CKK03 70.66 9,234 652,474.44
0.55 CTAS CINTAS CORP 2197137 208.05 2,790 580,459.50
0.55 CEG CONSTELLATION ENERGY BMH4FS1 266.22 2,167 576,898.74
0.55 SNPS SYNOPSYS INC 2867719 539.92 1,068 576,634.56
0.55 PYPL PAYPAL HOLDINGS INC BYW36M8 80.51 7,109 572,345.59
0.52 ASML ASML HOLDING-NY B908F01 840.69 655 550,651.95
0.51 CDNS CADENCE DESIGN SYS INC 2302232 282.39 1,904 537,670.56
0.49 CRWD CROWDSTRIKE HO-A BJJP138 320.21 1,618 518,099.78
0.49 MAR MARRIOTT INTL-A 2210614 262.63 1,965 516,067.95
0.46 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,187.53 404 479,762.12
0.45 CSX CSX CORP 2160753 34.96 13,442 469,932.32
0.42 FTNT FORTINET INC B5B2106 82.87 5,319 440,785.53
0.42 MRVL MARVELL TECHNOLOGY INC BNKJSM5 74.01 5,954 440,655.54
0.40 NXPI NXP SEMICONDUCTORS NV B505PN7 238.10 1,756 418,103.60
0.40 ADSK AUTODESK INC 2065159 281.67 1,481 417,153.27
0.39 ROP ROPER TECHNOLOGIES INC 2749602 551.55 745 410,904.75
0.39 ABNB AIRBNB INC-CLASS A BMGYYH4 134.40 3,029 407,097.60
0.38 DASH DOORDASH INC - A BN13P03 149.44 2,674 399,602.56
0.38 FANG DIAMONDBACK ENERGY INC B7Y8YR3 194.96 2,046 398,888.16
0.37 PCAR PACCAR INC 2665861 106.80 3,605 385,014.00
0.35 CPRT COPART INC 2208073 55.92 6,610 369,631.20
0.35 TTD TRADE DESK INC-A BD8FDD1 117.90 3,113 367,022.70
0.35 AEP AMERICAN ELECTRIC POWER 2026242 98.25 3,700 363,525.00
0.34 WDAY WORKDAY INC-CLASS A B8K6ZD1 240.90 1,481 356,772.90
0.33 MNST MONSTER BEVERAGE CORP BZ07BW4 51.31 6,811 349,472.41
0.33 PAYX PAYCHEX INC 2674458 138.89 2,471 343,197.19
0.32 KDP KEURIG DR PEPPER INC BD3W133 36.38 9,309 338,661.42
0.31 ROST ROSS STORES INC 2746711 143.36 2,304 330,301.44
0.31 CHTR CHARTER COMMUN-A BZ6VT82 326.05 989 322,463.45
0.30 AZN ASTRAZENECA PLC-SPONS ADR 2989044 77.35 4,002 309,554.70
0.29 FAST FASTENAL CO 2332262 76.82 3,929 301,825.78
0.28 ODFL OLD DOMINION FREIGHT LINE 2656423 199.58 1,492 297,773.36
0.28 KHC KRAFT HEINZ CO/THE BYRY499 35.22 8,322 293,100.84
0.27 MCHP MICROCHIP TECHNOLOGY INC 2592174 77.98 3,680 286,966.40
0.27 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 91.03 3,123 284,286.69
0.27 DDOG DATADOG INC - CLASS A BKT9Y49 129.81 2,163 280,779.03
0.26 EXC EXELON CORP 2670519 39.74 6,869 272,974.06
0.26 IDXX IDEXX LABORATORIES INC 2459202 476.27 566 269,568.82
0.25 VRSK VERISK ANALYTICS INC B4P9W92 268.23 978 262,328.94
0.25 EA ELECTRONIC ARTS INC 2310194 143.24 1,827 261,699.48
0.25 CTSH COGNIZANT TECH-A 2257019 75.94 3,403 258,423.82
0.25 BKR BAKER HUGHES CO BDHLTQ5 37.70 6,829 257,453.30
0.23 CCEP COCA-COLA EUROPA BYQQ3P5 77.96 3,141 244,872.36
0.23 XEL XCEL ENERGY INC 2614807 62.31 3,803 236,964.93
0.22 LULU LULULEMON ATHLETICA INC B23FN39 278.25 827 230,108.62
0.20 CSGP COSTAR GROUP INC 2262864 76.27 2,789 212,717.03
0.20 ON ON SEMICONDUCTOR 2583576 70.33 2,951 207,543.83
0.19 CDW CDW CORP/DE BBM5MD6 222.00 917 203,574.00
0.19 TEAM ATLASSIAN CORP-CL A BQ1PC76 187.06 1,086 203,147.16
0.19 ZS ZSCALER INC BZ00V34 198.26 1,022 202,621.72
0.19 ANSS ANSYS INC 2045623 330.03 593 195,707.79
0.18 DXCM DEXCOM INC B0796X4 69.21 2,786 192,819.06
0.18 SMCI SUPER MICRO COMPUTER INC BRC3N73 47.80 3,990 190,722.00
0.18 TTWO TAKE-TWO INTERAC 2122117 155.09 1,219 189,048.62
0.18 BIIB BIOGEN INC 2455965 188.38 994 187,249.72
0.15 ILMN ILLUMINA INC 2613990 145.54 1,084 157,765.36
0.15 GFS GLOBALFOUNDRIES INC BMW7F63 40.85 3,772 154,086.20
0.15 MRNA MODERNA INC BGSXTS3 58.29 2,615 152,428.35
0.14 MDB MONGODB INC BF2FJ99 292.86 498 145,844.28
0.13 ARM ARM HOLDINGS PLC-ADR BNSP5P7 151.46 870 131,770.20
0.12 WBD WARNER BROS DISCOVERY INC BM8JYX3 7.52 16,716 125,704.32
0.10 DLTR DOLLAR TREE INC 2272476 68.94 1,484 102,306.96
0.04 CASH 1.00 41,778 41,778.42
0.02 OTHER PAYABLE & RECEIVABLES 1.00 19,902 19,902.34
-1.47 NDX US 10/18/24 C19725 59,265.00 -26 -1,540,890.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 09/30/24

Sector Weight (%)
Information Technology 52.9
Communication Services 14.8
Consumer Discretionary 12.5
Consumer Staples 5.7
Health Care 5.7
Industrials 4.8
Materials 1.4
Utilities 1.3
Financials 0.5
Energy 0.4

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Semiconductors & Semiconductor Equipment 28.3
Software & Services 14.5
Media & Entertainment 13.2
Technology Hardware & Equipment 10.1
Consumer Discretionary Distribution & Retail 6.7
Pharmaceuticals, Biotechnology & Life Sciences 3.9
Food, Beverage & Tobacco 3.2
Automobiles & Components 2.9
Consumer Services 2.7
Consumer Staples Distribution & Retail 2.5
Commercial & Professional Services 2.3
Other 9.7

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 10/10/24

Return on Equity 22.30%
Weighted Avg. Market Cap 1,078,700 M
2023 2024
Price-to-earnings 34.90 30.46
Price-to-book value 7.43 6.25

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 09/30/24

Versus Beta
S&P 500 0.89
NASDAQ-100 0.75
MSCI EAFE 0.72
MSCI Emg. Mkts 0.61
Standard Deviation 17.50%

Source: new windowAltaVista Research, LLC

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ETF Documents

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.