QYLD


Nasdaq 100 Covered Call ETF

Reasons to Consider QYLD

High Income Potential

QYLD seeks to generate income through covered call writing, which historically produces higher yields in periods of volatility.1

Monthly Distributions

QYLD has made monthly distributions 10 years running.

Efficient Options Execution

QYLD writes call options on the Nasdaq-100 Index, saving investors the time and potential expense of doing so individually.

1Covered call writing can limit the upside potential of the underlying security

Key Information As of 03/27/24

Inception Date 12/11/13
Total Expense Ratio 0.61%
Net Assets $8.13 billion
NAV $17.93
Fact Sheet View the document

ETF Summary

The Global X Nasdaq 100 Covered Call ETF (QYLD) 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 the same index.

ETF Objective

The Global X Nasdaq 100 Covered Call ETF (QYLD) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe Nasdaq-100 BuyWrite V2 Index.

Trading Details As of 03/26/24

Ticker QYLD
Bloomberg Index Ticker BXNT
CUSIP 37954Y483
ISIN US37954Y4834
Primary Exchange Nasdaq
Shares Outstanding 453,230,000
Number of Holdings 102
30-Day Median Bid-Ask Spread 0.06%

Distributions As of 03/27/24

30-Day SEC Yield 0.27%
12-Month Trailing Yield 12.15%
Distribution Yield 11.69%
Distribution Frequency Monthly

ETF Prices As of 03/27/24

NAV $17.93 Daily Change $0.05 0.28%
Market Price $17.93 Daily Change $0.06 0.34%

Performance History

As of recent
(12/31/23)
As of recent
(12/31/23)
Fund NAV Market Price Index
1 Year 22.82% 22.75% 23.54%
3 Years 3.15% 3.12% 3.67%
5 Years 7.98% 7.89% 8.74%
10 Years 7.08% 7.04% 7.94%
Since Inception 7.24% 7.21% 8.11%
1 Year 22.65% 22.64% 23.56%
3 Years 4.78% 4.76% 5.39%
5 Years 7.57% 7.53% 8.36%
10 Years 7.32% 7.29% 8.21%
Since Inception 7.62% 7.61% 8.52%
Year-to-Date 22.82% 22.75% 23.54%
1 Month 2.79% 2.67% 2.78%
3 Months 6.49% 6.43% 6.63%
Since Inception 101.95% 101.41% 119.17%
Year-to-Date 4.92% 5.10% 5.22%
1 Month 2.39% 2.39% 2.50%
3 Months 7.84% 7.90% 8.14%
Since Inception 111.87% 111.67% 130.61%

The Fund’s investment objective and investment strategies changed effective October 15, 2015. Hybrid index performance (noted as "Index" above in the chart) reflects the performance of the Cboe NASDAQ-100 BuyWrite Index through October 14, 2015 and the Cboe NASDAQ-100 BuyWrite V2 Index thereafter. The Fund was also re-organized effective December 24, 2018. Fund returns (NAV & Closing Price) presented above reflect the performance of the predecessor Fund through December 21, 2018.

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 03/26/24

Nasdaq 100 Price 18,210.50

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short NASDAQ Call Option -$8,333,141,777 17900 0.00% 04/19/2024 24

Top Holdings As of 03/27/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
9.03 MSFT MICROSOFT CORP 2588173 421.43 1,742,145 734,192,167.35
7.71 AAPL APPLE INC 2046251 173.31 3,620,708 627,504,903.48
6.50 NVDA NVIDIA CORP 2379504 902.50 586,178 529,025,645.00
5.38 AMZN AMAZON.COM INC 2000019 179.83 2,435,427 437,962,837.41
4.98 META META PLATFORMS INC B7TL820 493.86 820,553 405,238,304.58
4.55 AVGO BROADCOM INC BDZ78H9 1,318.73 280,562 369,985,526.26
2.56 GOOGL ALPHABET INC-CL A BYVY8G0 150.87 1,381,098 208,366,255.26
2.50 TSLA TESLA INC B616C79 179.83 1,129,879 203,186,140.57
2.48 GOOG ALPHABET INC-CL C BYY88Y7 151.94 1,329,082 201,940,719.08
2.42 COST COSTCO WHOLESALE CORP 2701271 732.08 268,646 196,670,363.68
2.16 AMD ADVANCED MICRO DEVICES 2007849 179.59 978,266 175,686,790.94
1.98 NFLX NETFLIX INC 2857817 613.53 262,014 160,753,449.42
1.78 PEP PEPSICO INC 2681511 173.57 831,769 144,370,145.33
1.70 ADBE ADOBE INC 2008154 504.40 273,556 137,981,646.40
1.67 LIN LINDE PLC BNZHB81 466.23 291,353 135,837,509.19
1.50 CSCO CISCO SYSTEMS INC 2198163 49.77 2,450,466 121,959,692.82
1.43 TMUS T-MOBILE US INC B94Q9V0 162.01 718,291 116,370,324.91
1.40 QCOM QUALCOMM INC 2714923 169.13 675,371 114,225,497.23
1.38 INTC INTEL CORP 2463247 43.77 2,558,357 111,979,285.89
1.35 INTU INTUIT INC 2459020 648.74 169,490 109,954,942.60
1.29 AMAT APPLIED MATERIALS INC 2046552 208.00 502,729 104,567,632.00
1.27 CMCSA COMCAST CORP-CLASS A 2044545 43.07 2,397,641 103,266,397.87
1.17 TXN TEXAS INSTRUMENTS INC 2885409 172.87 550,111 95,097,688.57
1.14 AMGN AMGEN INC 2023607 286.30 324,182 92,813,306.60
1.05 ISRG INTUITIVE SURGICAL INC 2871301 400.10 213,220 85,309,322.00
1.00 HON HONEYWELL INTL 2020459 205.13 394,579 80,939,990.27
0.98 MU MICRON TECHNOLOGY INC 2588184 119.14 667,597 79,534,168.60
0.94 LRCX LAM RESEARCH CORP 2502247 965.67 79,363 76,638,468.21
0.93 BKNG BOOKING HOLDINGS INC BDRXDB4 3,673.50 20,543 75,464,710.50
0.80 VRTX VERTEX PHARM 2931034 417.32 156,080 65,135,305.60
0.77 REGN REGENERON PHARMACEUTICALS 2730190 966.30 65,153 62,957,343.90
0.77 SBUX STARBUCKS CORP 2842255 91.50 684,594 62,640,351.00
0.76 ADP AUTOMATIC DATA PROCESSING 2065308 248.33 248,251 61,648,170.83
0.71 ADI ANALOG DEVICES INC 2032067 193.33 299,936 57,986,626.88
0.70 MDLZ MONDELEZ INTER-A B8CKK03 70.10 814,096 57,068,129.60
0.70 KLAC KLA CORP 2480138 696.87 81,812 57,012,328.44
0.68 PANW PALO ALTO NETWORKS INC B87ZMX0 282.26 195,249 55,110,982.74
0.68 GILD GILEAD SCIENCES INC 2369174 73.01 753,253 54,995,001.53
0.65 SNPS SYNOPSYS INC 2867719 573.35 92,198 52,861,723.30
0.63 CDNS CADENCE DESIGN SYS INC 2302232 311.34 164,647 51,261,196.98
0.62 ASML ASML HOLDING-NY B908F01 974.01 52,160 50,804,361.60
0.58 PDD PDD HOLDINGS INC BYVW0F7 116.66 403,750 47,101,475.00
0.58 MELI MERCADOLIBRE INC B23X1H3 1,522.65 30,727 46,786,466.55
0.55 MAR MARRIOTT INTL-A 2210614 253.56 174,951 44,360,575.56
0.55 CRWD CROWDSTRIKE HO-A BJJP138 322.25 137,536 44,320,976.00
0.54 ABNB AIRBNB INC-CLASS A BMGYYH4 166.41 264,745 44,056,215.45
0.54 CSX CSX CORP 2160753 36.84 1,183,789 43,610,786.76
0.53 PYPL PAYPAL HOLDINGS INC BYW36M8 66.57 647,413 43,098,283.41
0.52 CTAS CINTAS CORP 2197137 685.64 61,138 41,918,658.32
0.50 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,135.52 35,723 40,564,180.96
0.48 PCAR PACCAR INC 2665861 124.46 316,439 39,383,997.94
0.47 NXPI NXP SEMICONDUCTORS NV B505PN7 245.44 154,781 37,989,448.64
0.46 MRVL MARVELL TECHNOLOGY INC BNKJSM5 72.31 522,208 37,760,860.48
0.46 MNST MONSTER BEVERAGE CORP BZ07BW4 59.20 628,614 37,213,948.80
0.44 ROP ROPER TECHNOLOGIES INC 2749602 559.18 64,515 36,075,497.70
0.43 CEG CONSTELLATION ENERGY BMH4FS1 184.89 191,114 35,335,067.53
0.43 WDAY WORKDAY INC-CLASS A B8K6ZD1 273.62 126,262 34,547,808.44
0.41 ADSK AUTODESK INC 2065159 260.97 129,198 33,716,802.06
0.41 CPRT COPART INC 2208073 57.24 580,555 33,230,968.20
0.40 DXCM DEXCOM INC B0796X4 139.48 232,661 32,451,556.28
0.39 DASH DOORDASH INC - A BN13P03 138.88 227,403 31,581,728.64
0.38 FTNT FORTINET INC B5B2106 67.27 460,555 30,981,534.85
0.37 ROST ROSS STORES INC 2746711 147.19 203,064 29,888,990.16
0.36 MCHP MICROCHIP TECHNOLOGY INC 2592174 89.19 326,084 29,083,431.96
0.35 LULU LULULEMON ATHLETICA INC B23FN39 389.46 73,216 28,514,703.36
0.35 ODFL OLD DOMINION FREIGHT LINE 2656423 213.98 131,102 28,052,550.45
0.33 IDXX IDEXX LABORATORIES INC 2459202 539.57 50,100 27,032,457.00
0.33 AEP AMERICAN ELECTRIC POWER 2026242 84.80 317,435 26,918,488.00
0.33 KHC KRAFT HEINZ CO/THE BYRY499 36.53 731,682 26,728,343.46
0.33 FAST FASTENAL CO 2332262 77.28 345,312 26,685,711.36
0.33 PAYX PAYCHEX INC 2674458 121.53 217,979 26,490,987.87
0.32 CHTR CHARTER COMMUN-A BZ6VT82 293.51 87,625 25,718,813.75
0.32 KDP KEURIG DR PEPPER INC BD3W133 30.59 836,950 25,602,300.50
0.31 MRNA MODERNA INC BGSXTS3 110.59 230,383 25,478,055.97
0.31 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 90.31 274,610 24,800,029.10
0.30 AZN ASTRAZENECA PLC-SPONS ADR 2989044 68.26 351,189 23,972,161.14
0.29 CSGP COSTAR GROUP INC 2262864 96.22 246,142 23,683,783.24
0.29 TTD TRADE DESK INC-A BD8FDD1 87.21 268,203 23,389,983.63
0.28 DDOG DATADOG INC - CLASS A BKT9Y49 123.51 184,415 22,777,096.65
0.28 EXC EXELON CORP 2670519 37.31 602,446 22,477,260.26
0.27 CTSH COGNIZANT TECH-A 2257019 73.62 300,252 22,104,552.24
0.26 EA ELECTRONIC ARTS INC 2310194 131.87 161,276 21,267,466.12
0.26 FANG DIAMONDBACK ENERGY INC B7Y8YR3 196.53 107,425 21,112,235.25
0.26 CDW CDW CORP/DE BBM5MD6 257.87 80,926 20,868,387.62
0.25 VRSK VERISK ANALYTICS INC B4P9W92 233.93 86,430 20,218,569.90
0.25 BKR BAKER HUGHES CO BDHLTQ5 33.09 602,894 19,949,762.46
0.24 CCEP COCA-COLA EUROPA BYQQ3P5 71.50 275,179 19,675,298.50
0.24 ON ON SEMICONDUCTOR 2583576 75.61 257,527 19,471,616.47
0.23 BIIB BIOGEN INC 2455965 216.34 87,586 18,948,355.24
0.23 TEAM ATLASSIAN CORP-CL A BQ1PC76 193.14 94,760 18,301,946.40
0.22 ANSS ANSYS INC 2045623 347.93 52,343 18,211,699.99
0.22 XEL XCEL ENERGY INC 2614807 53.38 334,134 17,836,072.92
0.21 DLTR DOLLAR TREE INC 2272476 132.50 131,161 17,378,832.50
0.21 ZS ZSCALER INC BZ00V34 193.48 89,316 17,280,859.68
0.21 GFS GLOBALFOUNDRIES INC BMW7F63 51.73 329,685 17,054,605.05
0.19 MDB MONGODB INC BF2FJ99 358.80 43,436 15,584,836.80
0.19 TTWO TAKE-TWO INTERAC 2122117 146.92 102,521 15,062,385.32
0.16 ILMN ILLUMINA INC 2613990 138.68 95,387 13,228,269.16
0.16 WBD WARNER BROS DISCOVERY INC BM8JYX3 8.64 1,465,611 12,662,879.04
0.14 CASH 1.00 11,181,804 11,181,803.95
0.13 WBA WALGREENS BOOTS BTN1Y44 21.02 517,459 10,876,988.18
0.11 SIRI SIRIUS XM HOLDINGS INC BGLDK10 3.90 2,301,686 8,976,575.40
0.02 OTHER PAYABLE & RECEIVABLES 1.00 1,664,044 1,664,043.91
-3.11 NDX US 04/19/24 C17900 55,265.00 -4,581 -253,168,965.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 03/26/24

Return on Equity 23.30%
Weighted Avg. Market Cap 998,823 M
2023 2024
Price-to-earnings 30.59 26.78
Price-to-book value 6.88 5.73

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 02/29/24

Versus Beta
S&P 500 0.63
NASDAQ-100 0.53
MSCI EAFE 0.55
MSCI Emg. Mkts 0.39
Standard Deviation 13.40%

Source: new windowAltaVista Research, LLC

ETF Research

View More Related Research

Investing involves risk, including the possible loss of principal. Concentration in a particular industry or sector will subject QYLD to loss due to adverse occurrences that may affect that industry or sector. Investors in QYLD should be willing to accept a high degree of volatility in the price of the fund’s shares and the possibility of significant losses.

QYLD 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. QYLD 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. QYLD 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. Beginning October 15, 2020, 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. Prior to October 15, 2020, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times. 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 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.