QYLD


Nasdaq 100 Covered Call ETF

Fund 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.

Morningstar Rating Overall rating out of 43 Derivative Income funds, based on risk-adjusted returns as of 06/30/2021

Fund 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.

Why 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 7 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

Fund Details As of 07/23/21

Key Facts

Ticker QYLD
Inception Date 12/11/13
CUSIP 37954Y483
ISIN US37954Y4834
Bloomberg Index Ticker BXNT
Primary Exchange Nasdaq
Number of Holdings 103

Stats & Fees

Net Assets $3,683,519,383
Net Asset Value (NAV) $22.50
Shares Outstanding 163,690,000
Total Expense Ratio 0.60%

Distributions

30-Day SEC Yield 0.14%
12-Month Trailing Yield 12.45%
Distribution Yield 11.67%
Distribution Frequency Monthly

Fund Prices As of 07/23/21

NAV $22.50 Daily Change $0.11 0.48%
Market Price $22.51 Daily Change $0.10 0.45%
30-Day Median Bid-Ask Spread 0.04%

Performance History

As of recent month & quarter-end (06/30/21)
As of recent month & quarter-end (06/30/21)
Fund NAV Market Price Index
1 Year 20.14% 20.35% 21.00%
3 Years 9.29% 9.15% 10.64%
5 Years 11.50% 11.46% 12.75%
Since Inception 9.01% 8.99% 10.01%
1 Year 20.14% 20.35% 21.00%
3 Years 9.29% 9.15% 10.64%
5 Years 11.50% 11.46% 12.75%
Since Inception 9.01% 8.99% 10.01%
Year-to-Date 4.25% 4.33% 4.54%
1 Month 1.92% 1.87% 1.96%
3 Months 2.37% 2.28% 2.53%
Since Inception 91.81% 91.62% 105.63%
Year-to-Date 4.25% 4.33% 4.54%
1 Month 1.92% 1.87% 1.96%
3 Months 2.37% 2.28% 2.53%
Since Inception 91.81% 91.62% 105.63%

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.

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 of the Fund, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of 07/23/21

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
11.75 AAPL APPLE INC 2046251 148.56 2,913,709 432,860,609.04
10.34 MSFT MICROSOFT CORP 2588173 289.67 1,314,778 380,851,743.26
8.73 AMZN AMAZON.COM INC 2000019 3,656.64 87,933 321,539,325.12
4.21 GOOG ALPHABET INC-CL C BYY88Y7 2,756.32 56,286 155,142,227.52
4.19 FB FACEBOOK INC-CLASS A B7TL820 369.79 417,707 154,463,871.53
3.78 GOOGL ALPHABET INC-CL A BYVY8G0 2,660.30 52,352 139,272,025.60
3.63 TSLA TESLA INC B616C79 643.38 207,818 133,705,944.84
3.51 NVDA NVIDIA CORP 2379504 195.58 660,553 129,190,955.74
2.61 PYPL PAYPAL HOLDINGS INC BYW36M8 308.53 311,078 95,976,895.34
2.15 ADBE ADOBE INC 2008154 625.87 126,537 79,195,712.19
1.92 CMCSA COMCAST CORP-CLASS A 2044545 58.36 1,212,602 70,767,452.72
1.67 CSCO CISCO SYSTEMS INC 2198163 55.23 1,113,321 61,488,718.83
1.64 NFLX NETFLIX INC 2857817 515.41 117,141 60,375,642.81
1.56 PEP PEPSICO INC 2681511 157.18 364,836 57,344,922.48
1.54 INTC INTEL CORP 2463247 53.00 1,066,890 56,545,170.00
1.44 AVGO BROADCOM INC BDZ78H9 483.15 109,557 52,932,464.55
1.36 COST COSTCO WHOLESALE CORP 2701271 423.43 118,381 50,126,066.83
1.31 TMUS T-MOBILE US INC B94Q9V0 144.00 333,719 48,055,536.00
1.25 TXN TEXAS INSTRUMENTS INC 2885409 186.85 247,271 46,202,586.35
1.19 QCOM QUALCOMM INC 2714923 144.88 301,794 43,723,914.72
1.14 HON HONEYWELL INTL 2020459 229.32 182,883 41,938,729.56
1.08 SBUX STARBUCKS CORP 2842255 125.97 315,322 39,721,112.34
1.05 INTU INTUIT INC 2459020 528.43 72,878 38,510,921.54
1.03 AMGN AMGEN INC 2023607 247.72 153,598 38,049,296.56
1.02 MRNA MODERNA INC BGSXTS3 348.83 107,735 37,581,200.05
1.00 CHTR CHARTER COMMUN-A BZ6VT82 726.81 50,460 36,674,832.60
0.92 AMAT APPLIED MATERIALS INC 2046552 138.43 244,681 33,871,190.83
0.84 ISRG INTUITIVE SURGICAL INC 2871301 976.46 31,732 30,985,028.72
0.81 AMD ADVANCED MICRO DEVICES 2007849 92.15 325,240 29,970,866.00
0.66 MDLZ MONDELEZ INTER-A B8CKK03 64.89 375,832 24,387,738.48
0.66 LRCX LAM RESEARCH CORP 2502247 640.27 37,949 24,297,606.23
0.66 BKNG BOOKING HOLDINGS INC BDRXDB4 2,202.57 11,001 24,230,472.57
0.64 ADP AUTOMATIC DATA PROCESSING 2065308 206.08 113,860 23,464,268.80
0.63 GILD GILEAD SCIENCES INC 2369174 69.02 335,550 23,159,661.00
0.62 MU MICRON TECHNOLOGY INC 2588184 75.94 299,770 22,764,533.80
0.62 ZM ZOOM VIDEO COM-A BGSP7M9 359.23 63,288 22,734,948.24
0.58 MELI MERCADOLIBRE INC B23X1H3 1,613.81 13,154 21,228,056.74
0.54 FISV FISERV INC 2342034 111.79 178,361 19,938,976.19
0.53 CSX CSX CORP 2160753 32.81 592,323 19,434,117.63
0.53 ILMN ILLUMINA INC 2613990 495.51 39,048 19,348,674.48
0.50 ATVI ACTIVISION BLIZZARD INC 2575818 91.50 202,740 18,550,710.00
0.49 ADSK AUTODESK INC 2065159 312.65 57,574 18,000,511.10
0.44 REGN REGENERON PHARMACEUTICALS 2730190 586.35 27,442 16,090,616.70
0.43 ADI ANALOG DEVICES INC 2032067 163.55 95,646 15,642,903.30
0.42 IDXX IDEXX LABORATORIES INC 2459202 693.74 22,452 15,575,850.48
0.42 DOCU DOCUSIGN INC BFYT7B7 308.50 50,274 15,509,529.00
0.41 ASML ASML HOLDING-NY B908F01 748.14 20,364 15,235,122.96
0.41 JD JD.COM INC-ADR BMM27D9 72.29 209,339 15,133,116.31
0.38 VRTX VERTEX PHARM 2931034 200.50 70,290 14,093,145.00
0.38 NXPI NXP SEMICONDUCTORS NV B505PN7 196.35 71,383 14,016,052.05
0.38 KDP KEURIG DR PEPPER INC BD3W133 36.07 384,602 13,872,594.14
0.37 LULU LULULEMON ATHLETICA INC B23FN39 402.79 33,946 13,673,109.34
0.37 EBAY EBAY INC 2293819 73.54 185,927 13,673,071.58
0.36 ALGN ALIGN TECHNOLOGY INC 2679204 638.28 20,939 13,364,944.92
0.36 MNST MONSTER BEVERAGE CORP BZ07BW4 96.29 136,941 13,186,048.89
0.36 KHC KRAFT HEINZ CO/THE BYRY499 39.22 334,632 13,124,267.04
0.34 KLAC KLA CORP 2480138 320.76 39,510 12,673,227.60
0.34 BIIB BIOGEN INC 2455965 325.40 38,548 12,543,519.20
0.34 MRVL MARVELL TECHNOLOGY INC BNKJSM5 58.92 211,020 12,433,298.40
0.34 EXC EXELON CORP 2670519 46.52 266,829 12,412,885.08
0.34 MAR MARRIOTT INTL-A 2210614 139.18 88,704 12,345,822.72
0.33 MTCH MATCH GROUP INC BK80XH9 165.86 73,568 12,201,988.48
0.32 WDAY WORKDAY INC-CLASS A B8K6ZD1 240.40 48,607 11,685,122.80
0.32 AEP AMERICAN ELECTRIC POWER 2026242 85.98 135,818 11,677,631.64
0.32 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 620.92 18,753 11,644,112.76
0.31 BIDU BAIDU INC - SPON ADR B0FXT17 172.66 66,740 11,523,328.40
0.31 DXCM DEXCOM INC B0796X4 460.72 24,934 11,487,592.48
0.30 ROST ROSS STORES INC 2746711 121.68 92,030 11,198,210.40
0.30 CDNS CADENCE DESIGN SYS INC 2302232 145.67 76,641 11,164,294.47
0.30 SNPS SYNOPSYS INC 2867719 285.07 39,040 11,129,132.80
0.30 PAYX PAYCHEX INC 2674458 112.25 98,143 11,016,551.75
0.30 WBA WALGREENS BOOTS BTN1Y44 46.53 236,227 10,991,642.31
0.29 EA ELECTRONIC ARTS INC 2310194 144.99 73,824 10,703,741.76
0.29 CTAS CINTAS CORP 2197137 395.34 26,986 10,668,645.24
0.28 MCHP MICROCHIP TECHNOLOGY INC 2592174 139.22 73,645 10,252,856.90
0.26 TEAM ATLASSIAN CORP-A BZ09BD1 271.29 35,713 9,688,579.77
0.26 PDD PINDUODUO INC-ADR BYVW0F7 97.31 97,192 9,457,753.52
0.26 CPRT COPART INC 2208073 146.64 64,235 9,419,420.40
0.26 XEL XCEL ENERGY INC 2614807 68.27 137,507 9,387,602.89
0.26 CTSH COGNIZANT TECH-A 2257019 69.29 135,330 9,377,015.70
0.25 XLNX XILINX INC 2985677 137.86 66,443 9,159,831.98
0.24 PTON PELOTON INTERACTIVE INC-A BJ7WJS2 121.55 71,926 8,742,605.30
0.24 SWKS SKYWORKS SOLUTIONS INC 2961053 192.66 45,212 8,710,543.92
0.23 NTES NETEASE INC-ADR 2606440 103.53 82,718 8,563,794.54
0.23 OKTA OKTA INC BDFZSP1 257.91 32,800 8,459,448.00
0.23 VRSK VERISK ANALYTICS INC B4P9W92 188.39 44,706 8,422,163.34
0.22 ANSS ANSYS INC 2045623 365.40 22,586 8,252,924.40
0.22 FAST FASTENAL CO 2332262 54.36 145,429 7,905,520.44
0.21 PCAR PACCAR INC 2665861 87.58 87,935 7,701,347.30
0.20 MXIM MAXIM INTEGRATED PRODUCTS 2573760 99.28 72,915 7,239,001.20
0.19 SGEN SEAGEN INC BLPK4D2 145.60 49,026 7,138,185.60
0.18 CASH 1.00 6,711,882 6,711,881.90
0.18 CDW CDW CORP/DE BBM5MD6 180.95 36,770 6,653,531.50
0.18 SIRI SIRIUS XM HOLDINGS INC BGLDK10 6.43 1,026,514 6,600,485.02
0.18 DLTR DOLLAR TREE INC 2272476 100.15 65,221 6,531,883.15
0.18 CERN CERNER CORP 2185284 78.41 82,514 6,469,922.74
0.17 VRSN VERISIGN INC 2142922 222.54 28,293 6,296,324.22
0.17 SPLK SPLUNK INC B424494 141.75 44,150 6,258,262.50
0.13 INCY INCYTE CORP 2471950 79.30 61,990 4,915,807.00
0.12 CHKP CHECK POINT SOFTWARE TECH 2181334 125.90 36,285 4,568,281.50
0.11 TCOM TRIP.COM GROUP LTD-ADR BK1K3N2 27.23 142,059 3,868,266.57
0.09 FOXA FOX CORP - CLASS A BJJMGL2 36.19 96,162 3,480,102.78
0.06 FOX FOX CORP - CLASS B BJJMGY5 34.01 66,146 2,249,625.46
-3.24 NDX US 08/20/21 C14775 47,495.00 -2,511 -119,259,945.00
Holdings are subject to change.


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The Morningstar Ratingfor funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales load. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three- year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

As of 6/30, QYLD was rated against the following numbers of Derivative Income funds over the following time periods: 43 during the last 3 years, 26 during the last 5 years. With respect to these Derivative Income funds, QYLD received a Morningstar Rating of 3 and 5 stars, respectively. Past performance is not indicative of future results.

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.