TYLG


Information Technology Covered Call & Growth ETF

Reasons to Consider TYLG

High Income Potential

TYLG seeks to generate income by writing covered calls on the Information Technology Select Sector SPDR Fund.

Upside Potential

By writing calls on 50% of the Information Technology Select Sector SPDR Fund, the strategy allows investors to capture half the upside potential of the Information Technology Select Sector Index.

Monthly Distributions

TYLG seeks to make distributions on a monthly basis.

Key Information As of 02/27/24

Inception Date 11/21/22
Gross Expense Ratio 0.66%
Net Expense Ratio* 0.60%
Net Assets $5.05 million
NAV $31.55
Fact Sheet View the document

*Fee waivers are contractual and in effect until at least March 1, 2024.


ETF Summary

The Global X Information Technology Covered Call & Growth ETF (TYLG) follows a “covered call” or “buy-write” strategy, in which the Fund buys the stocks in the Information Technology Select Sector Index and the Technology Select Sector SPDR Fund, and “writes” or “sells” corresponding call options on the Information Technology Select Sector SPDR Fund representing approximately 50% of the value of TYLG’s portfolio.

ETF Objective

The Global X Information Technology Covered Call & Growth ETF (TYLG) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P Technology Select Sector Half BuyWrite Index.

Trading Details As of 02/27/24

Ticker TYLG
Bloomberg Index Ticker BXLKH
CUSIP 37960A743
ISIN US37960A7431
Primary Exchange NYSE Arca
Shares Outstanding 160,000
Number of Holdings 66
30-Day Median Bid-Ask Spread 0.32%

Distributions As of 02/27/24

30-Day SEC Yield 0.33%
Unsubsidized 30-Day SEC Yield 0.28%
12-Month Trailing Yield 11.93%
Distribution Yield 6.18%
Distribution Frequency Monthly

ETF Prices As of 02/27/24

NAV $31.55 Daily Change $0.04 0.13%
Market Price $31.48 Daily Change -$0.08 -0.25%

Performance History

As of recent
(12/31/23)
As of recent
(12/31/23)
Fund NAV Market Price Index
1 Year 41.59% 41.48% 42.52%
Since Inception 34.12% 34.04% 34.94%
1 Year 34.38% 34.81% 35.37%
Since Inception 33.81% 34.12% 34.76%
Year-to-Date 41.59% 41.48% 42.52%
1 Month 3.32% 3.12% 3.13%
3 Months 13.48% 13.36% 13.72%
Since Inception 38.51% 38.41% 39.45%
Year-to-Date 2.24% 2.60% 2.41%
1 Month 2.24% 2.60% 2.41%
3 Months 14.88% 15.20% 15.19%
Since Inception 41.61% 42.00% 42.81%

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

Technology Select Sector SPDR Fund (XLK) Price* 205.67
*Market Price as of 02/27/24

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short Technology Select Sector SPDR Call Option -$2,550,308 205 0.00% 03/15/2024 17

Top Holdings As of 02/27/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
54.56 XLK SPDR-TECH SEL S 2369709 205.67 13,390 2,753,921.30
10.54 MSFT MICROSOFT CORP 2588173 407.48 1,306 532,168.88
9.04 AAPL APPLE INC 2046251 182.63 2,497 456,027.11
3.13 NVDA NVIDIA CORP 2379504 787.01 201 158,189.01
2.59 AVGO BROADCOM INC BDZ78H9 1,296.23 101 130,919.23
1.38 CRM SALESFORCE INC 2310525 299.50 232 69,484.00
1.36 AMD ADVANCED MICRO DEVICES 2007849 178.00 386 68,708.00
1.19 ADBE ADOBE INC 2008154 552.49 109 60,221.41
1.12 ACN ACCENTURE PLC-CL A B4BNMY3 377.91 149 56,308.59
0.93 CSCO CISCO SYSTEMS INC 2198163 48.31 967 46,715.77
0.88 INTU INTUIT INC 2459020 669.36 66 44,177.76
0.85 INTC INTEL CORP 2463247 42.73 1,007 43,029.11
0.84 ORCL ORACLE CORP 2661568 111.38 379 42,213.02
0.83 QCOM QUALCOMM INC 2714923 157.50 265 41,737.50
0.80 AMAT APPLIED MATERIALS INC 2046552 202.86 200 40,572.00
0.80 IBM IBM 2005973 184.87 217 40,116.79
0.75 NOW SERVICENOW INC B80NXX8 767.14 49 37,589.86
0.71 TXN TEXAS INSTRUMENTS INC 2885409 164.94 217 35,791.98
0.57 LRCX LAM RESEARCH CORP 2502247 930.73 31 28,852.63
0.48 MU MICRON TECHNOLOGY INC 2588184 91.85 261 23,972.85
0.47 PANW PALO ALTO NETWORKS INC B87ZMX0 314.75 75 23,606.25
0.44 ADI ANALOG DEVICES INC 2032067 189.07 118 22,310.26
0.43 KLAC KLA CORP 2480138 677.58 32 21,682.56
0.40 SNPS SYNOPSYS INC 2867719 574.00 35 20,090.00
0.39 CDNS CADENCE DESIGN SYS INC 2302232 300.01 65 19,500.65
0.33 ANET ARISTA NETWORKS INC BN33VM5 271.91 61 16,586.51
0.31 APH AMPHENOL CORP-CL A 2145084 107.94 143 15,435.42
0.30 NXPI NXP SEMICONDUCTORS NV B505PN7 245.73 62 15,235.26
0.29 ROP ROPER TECHNOLOGIES INC 2749602 547.10 27 14,771.70
0.26 ADSK AUTODESK INC 2065159 256.95 50 12,847.50
0.25 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 328.68 38 12,489.84
0.21 TEL TE CONNECTIVITY LTD B62B7C3 143.63 75 10,772.25
0.21 MCHP MICROCHIP TECHNOLOGY INC 2592174 82.94 129 10,699.26
0.21 FTNT FORTINET INC B5B2106 69.95 151 10,562.45
0.19 CTSH COGNIZANT TECH-A 2257019 79.14 119 9,417.66
0.17 MPWR MONOLITHIC POWER B01Z7J1 709.29 12 8,511.48
0.16 IT GARTNER INC 2372763 461.05 18 8,298.90
0.16 CDW CDW CORP/DE BBM5MD6 244.27 32 7,816.64
0.15 ON ON SEMICONDUCTOR 2583576 76.97 101 7,773.97
0.13 ANSS ANSYS INC 2045623 335.77 20 6,715.40
0.13 KEYS KEYSIGHT TECHNOLOGIES IN BQZJ0Q9 152.76 43 6,568.68
0.13 FICO FAIR ISAAC CORP 2330299 1,276.03 5 6,380.15
0.12 HPQ HP INC BYX4D52 28.83 206 5,938.98
0.12 GLW CORNING INC 2224701 32.15 181 5,819.15
0.11 PTC PTC INC B95N910 182.36 29 5,288.44
0.10 TDY TELEDYNE TECHNOLOGIES INC 2503477 424.90 12 5,098.80
0.10 TYL TYLER TECHNOLOGIES INC 2909644 436.39 11 4,800.29
0.09 HPE HEWLETT PACKA BYVYWS0 14.89 303 4,511.67
0.09 WDC WESTERN DIGITAL CORP 2954699 57.48 77 4,425.96
0.09 EPAM EPAM SYSTEMS INC B44Z3T8 307.04 14 4,298.56
0.09 JBL JABIL INC 2471789 142.70 30 4,281.00
0.09 NTAP NETAPP INC 2630643 87.17 49 4,271.33
0.08 STX SEAGATE TECHNOLO BKVD2N4 90.70 46 4,172.20
0.08 ENPH ENPHASE ENERGY INC B65SQW4 121.11 32 3,875.52
0.08 VRSN VERISIGN INC 2142922 193.56 20 3,871.20
0.08 SWKS SKYWORKS SOLUTIONS INC 2961053 104.17 37 3,854.29
0.08 AKAM AKAMAI TECHNOLOGIES INC 2507457 107.76 35 3,771.60
0.08 FSLR FIRST SOLAR INC B1HMF22 144.99 26 3,769.74
0.07 TRMB TRIMBLE INC 2903958 61.78 59 3,645.02
0.07 ZBRA ZEBRA TECH CORP 2989356 275.78 13 3,585.14
0.07 TER TERADYNE INC 2884183 100.27 35 3,509.45
0.06 GEN GEN DIGITAL INC BJN4XN5 21.42 131 2,806.02
0.06 JNPR JUNIPER NETWORKS INC 2431846 37.16 75 2,787.00
0.05 FFIV F5 INC 2427599 185.44 14 2,596.16
0.05 QRVO QORVO INC BR9YYP4 114.01 21 2,394.21
0.02 CASH 1.00 1,109 1,109.42
0.00 OTHER PAYABLE & RECEIVABLES 1.00 24 24.27
-0.91 2XLK US 03/15/2024 C205 370.00 -124 -45,880.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Research

Investing involves risk, including the possible loss of principal. Concentration in a particular industry or sector will subject TYLG to loss due to adverse occurrences that may affect that industry or sector. Investors in TYLG should be willing to accept a high degree of volatility in the price of the fund’s shares and the possibility of significant losses. The Fund invests in securities of companies engaged in Information Technology, which can be affected by rapid product obsolescence and intense industry competition.

TYLG 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. 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. TYLG 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.

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 Cboe, nor does Cboe 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 Cboe.