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 02/27/24

Inception Date 12/11/13
Total Expense Ratio 0.60%
Net Assets $8.01 billion
NAV $17.81
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 02/27/24

Ticker QYLD
Bloomberg Index Ticker BXNT
CUSIP 37954Y483
ISIN US37954Y4834
Primary Exchange Nasdaq
Shares Outstanding 449,810,000
Number of Holdings 102
30-Day Median Bid-Ask Spread 0.06%

Distributions As of 02/27/24

30-Day SEC Yield 0.26%
12-Month Trailing Yield 12.21%
Distribution Yield 12.52%
Distribution Frequency Monthly

ETF Prices As of 02/27/24

NAV $17.81 Daily Change $0.02 0.11%
Market Price $17.83 Daily Change $0.03 0.17%

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 17.50% 17.57% 18.31%
3 Years 3.64% 3.64% 4.22%
5 Years 7.49% 7.48% 8.28%
10 Years 7.41% 7.40% 8.30%
Since Inception 7.43% 7.42% 8.32%
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 2.47% 2.65% 2.65%
1 Month 2.47% 2.65% 2.65%
3 Months 9.21% 9.21% 9.43%
Since Inception 106.93% 106.74% 124.97%

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 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 -$8,178,623,444 17750 0.00% 03/15/2024 17

Top Holdings As of 02/27/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
8.93 MSFT MICROSOFT CORP 2588173 407.48 1,755,316 715,256,163.68
8.37 AAPL APPLE INC 2046251 182.63 3,673,197 670,835,968.11
5.73 NVDA NVIDIA CORP 2379504 787.01 583,294 459,058,210.94
5.29 AMZN AMAZON.COM INC 2000019 173.54 2,440,311 423,491,570.94
5.07 META META PLATFORMS INC B7TL820 487.05 833,934 406,167,554.70
4.61 AVGO BROADCOM INC BDZ78H9 1,296.23 284,841 369,219,449.43
2.83 TSLA TESLA INC B616C79 199.73 1,135,984 226,890,084.32
2.51 COST COSTCO WHOLESALE CORP 2701271 744.71 269,956 201,038,932.76
2.42 GOOGL ALPHABET INC-CL A BYVY8G0 138.88 1,397,059 194,023,553.92
2.36 GOOG ALPHABET INC-CL C BYY88Y7 140.10 1,351,480 189,342,348.00
2.19 AMD ADVANCED MICRO DEVICES 2007849 178.00 984,964 175,323,592.00
2.00 NFLX NETFLIX INC 2857817 601.67 266,840 160,549,622.80
1.91 ADBE ADOBE INC 2008154 552.49 277,540 153,338,074.60
1.76 PEP PEPSICO INC 2681511 168.16 838,161 140,945,153.76
1.49 CSCO CISCO SYSTEMS INC 2198163 48.31 2,476,699 119,649,328.69
1.45 TMUS T-MOBILE US INC B94Q9V0 164.62 704,884 116,038,004.08
1.43 INTU INTUIT INC 2459020 669.36 170,642 114,220,929.12
1.37 INTC INTEL CORP 2463247 42.73 2,569,458 109,792,940.34
1.33 QCOM QUALCOMM INC 2714923 157.50 678,262 106,826,265.00
1.29 CMCSA COMCAST CORP-CLASS A 2044545 42.27 2,447,015 103,435,324.05
1.29 AMAT APPLIED MATERIALS INC 2046552 202.86 509,732 103,404,233.52
1.14 TXN TEXAS INSTRUMENTS INC 2885409 164.94 553,313 91,263,446.22
1.13 AMGN AMGEN INC 2023607 278.49 326,059 90,804,170.91
1.04 ISRG INTUITIVE SURGICAL INC 2871301 386.46 214,522 82,904,172.12
0.99 HON HONEYWELL INTL 2020459 198.18 401,619 79,592,853.42
0.93 LRCX LAM RESEARCH CORP 2502247 930.73 80,313 74,749,718.49
0.92 BKNG BOOKING HOLDINGS INC BDRXDB4 3,478.12 21,181 73,670,059.72
0.84 VRTX VERTEX PHARM 2931034 430.92 156,856 67,592,387.52
0.81 SBUX STARBUCKS CORP 2842255 94.13 692,171 65,154,056.23
0.81 REGN REGENERON PHARMACEUTICALS 2730190 993.35 65,164 64,730,659.40
0.79 ADP AUTOMATIC DATA PROCESSING 2065308 251.31 250,535 62,961,950.85
0.77 MU MICRON TECHNOLOGY INC 2588184 91.85 671,904 61,714,382.40
0.76 MDLZ MONDELEZ INTER-A B8CKK03 73.13 828,563 60,592,812.19
0.75 PANW PALO ALTO NETWORKS INC B87ZMX0 314.75 192,000 60,432,000.00
0.71 ADI ANALOG DEVICES INC 2032067 189.07 302,184 57,133,928.88
0.70 KLAC KLA CORP 2480138 677.58 82,779 56,089,394.82
0.69 GILD GILEAD SCIENCES INC 2369174 73.02 758,572 55,390,927.44
0.66 SNPS SYNOPSYS INC 2867719 574.00 92,563 53,131,162.00
0.65 PDD PDD HOLDINGS INC BYVW0F7 128.33 406,626 52,182,314.58
0.63 ASML ASML HOLDING-NY B908F01 941.37 53,400 50,269,158.00
0.62 CDNS CADENCE DESIGN SYS INC 2302232 300.01 165,625 49,689,156.25
0.62 MELI MERCADOLIBRE INC B23X1H3 1,607.44 30,828 49,554,160.32
0.57 CSX CSX CORP 2160753 37.84 1,202,432 45,500,026.88
0.56 MAR MARRIOTT INTL-A 2210614 249.03 178,693 44,499,917.79
0.56 CRWD CROWDSTRIKE HO-A BJJP138 321.21 138,503 44,488,548.63
0.50 ABNB AIRBNB INC-CLASS A BMGYYH4 152.06 264,481 40,216,980.86
0.49 PYPL PAYPAL HOLDINGS INC BYW36M8 60.16 655,825 39,454,432.00
0.49 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,081.75 36,013 38,957,062.75
0.49 CTAS CINTAS CORP 2197137 628.15 61,889 38,875,575.35
0.48 NXPI NXP SEMICONDUCTORS NV B505PN7 245.73 156,673 38,499,256.29
0.47 WDAY WORKDAY INC-CLASS A B8K6ZD1 295.05 127,146 37,514,427.30
0.45 MRVL MARVELL TECHNOLOGY INC BNKJSM5 69.13 524,650 36,269,054.50
0.44 ROP ROPER TECHNOLOGIES INC 2749602 547.10 64,885 35,498,583.50
0.44 MNST MONSTER BEVERAGE CORP BZ07BW4 56.11 632,612 35,495,859.32
0.44 PCAR PACCAR INC 2665861 111.33 318,009 35,403,941.97
0.43 LULU LULULEMON ATHLETICA INC B23FN39 467.84 73,872 34,560,276.48
0.42 ADSK AUTODESK INC 2065159 256.95 129,972 33,396,305.40
0.41 FTNT FORTINET INC B5B2106 69.95 466,706 32,646,084.70
0.39 CPRT COPART INC 2208073 52.92 583,413 30,874,215.96
0.38 ROST ROSS STORES INC 2746711 149.62 205,841 30,797,930.42
0.38 CEG CONSTELLATION ENERGY BMH4FS1 155.76 193,900 30,201,864.06
0.37 ODFL OLD DOMINION FREIGHT LINE 2656423 441.06 66,215 29,204,787.90
0.36 IDXX IDEXX LABORATORIES INC 2459202 575.07 50,437 29,004,805.59
0.35 DASH DOORDASH INC - A BN13P03 123.70 225,140 27,849,818.00
0.34 MCHP MICROCHIP TECHNOLOGY INC 2592174 82.94 328,584 27,252,756.96
0.34 DXCM DEXCOM INC B0796X4 115.32 234,674 27,062,605.68
0.34 PAYX PAYCHEX INC 2674458 122.90 219,437 26,968,807.30
0.34 AEP AMERICAN ELECTRIC POWER 2026242 84.07 319,355 26,848,174.85
0.33 KHC KRAFT HEINZ CO/THE BYRY499 35.80 744,953 26,669,317.40
0.33 CHTR CHARTER COMMUN-A BZ6VT82 290.00 89,839 26,053,310.00
0.32 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 92.52 276,328 25,565,866.56
0.32 FAST FASTENAL CO 2332262 73.15 346,964 25,380,416.60
0.31 KDP KEURIG DR PEPPER INC BD3W133 29.50 849,289 25,054,025.50
0.30 CTSH COGNIZANT TECH-A 2257019 79.14 304,401 24,090,295.14
0.30 DDOG DATADOG INC - CLASS A BKT9Y49 130.95 183,415 24,018,194.25
0.29 AZN ASTRAZENECA PLC-SPONS ADR 2989044 66.33 353,429 23,442,945.57
0.29 TTD TRADE DESK INC-A BD8FDD1 85.60 270,921 23,190,837.60
0.29 EA ELECTRONIC ARTS INC 2310194 139.50 163,417 22,796,671.50
0.28 MRNA MODERNA INC BGSXTS3 96.20 231,251 22,246,346.20
0.27 EXC EXELON CORP 2670519 36.21 603,994 21,870,622.74
0.27 ZS ZSCALER INC BZ00V34 242.49 90,019 21,828,707.31
0.27 VRSK VERISK ANALYTICS INC B4P9W92 242.92 87,976 21,371,129.92
0.26 CSGP COSTAR GROUP INC 2262864 84.89 247,762 21,032,516.18
0.25 ON ON SEMICONDUCTOR 2583576 76.97 261,291 20,111,568.27
0.25 CDW CDW CORP/DE BBM5MD6 244.27 81,266 19,850,845.82
0.25 BIIB BIOGEN INC 2455965 223.94 87,866 19,676,712.04
0.25 DLTR DOLLAR TREE INC 2272476 148.90 132,100 19,669,690.00
0.25 CCEP COCA-COLA EUROPA BYQQ3P5 70.76 276,892 19,592,877.92
0.24 XEL XCEL ENERGY INC 2614807 58.28 334,570 19,498,739.60
0.24 MDB MONGODB INC BF2FJ99 449.95 43,277 19,472,486.15
0.24 TEAM ATLASSIAN CORP-CL A BQ1PC76 205.82 93,983 19,343,581.06
0.24 FANG DIAMONDBACK ENERGY INC B7Y8YR3 177.95 108,472 19,302,592.40
0.23 BKR BAKER HUGHES CO BDHLTQ5 29.72 609,852 18,124,801.44
0.22 GFS GLOBALFOUNDRIES INC BMW7F63 53.50 331,895 17,756,382.50
0.22 ANSS ANSYS INC 2045623 335.77 52,614 17,666,202.78
0.20 SPLK SPLUNK INC B424494 155.60 100,240 15,597,344.00
0.19 TTWO TAKE-TWO INTERAC 2122117 147.94 101,192 14,970,344.48
0.17 CASH 1.00 13,758,803 13,758,802.81
0.17 ILMN ILLUMINA INC 2613990 139.76 94,354 13,186,915.04
0.16 WBD WARNER BROS DISCOVERY INC BM8JYX3 8.70 1,450,517 12,619,497.90
0.14 WBA WALGREENS BOOTS BTN1Y44 21.63 512,104 11,076,809.52
0.13 SIRI SIRIUS XM HOLDINGS INC BGLDK10 4.69 2,273,794 10,664,093.86
0.02 OTHER PAYABLE & RECEIVABLES 1.00 1,791,722 1,791,721.53
-2.27 NDX US 03/15/24 C17750 39,990.00 -4,551 -181,994,490.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 02/27/24

Return on Equity 23.70%
Weighted Avg. Market Cap 982,889 M
2023 2024
Price-to-earnings 29.76 25.63
Price-to-book value 6.69 5.56

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 01/31/24

Versus Beta
S&P 500 0.63
NASDAQ-100 0.53
MSCI EAFE 0.54
MSCI Emg. Mkts 0.39
Standard Deviation 13.30%

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.