QYLD


Nasdaq 100 Covered Call ETF

Morningstar Rating™ - Overall rating out of 63 Derivative Income funds, based on risk-adjusted returns as of 09/30/2021

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 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

Key Information As of 11/30/21

Inception Date 12/11/13
Total Expense Ratio 0.60%
Net Assets $5.41 billion
NAV $22.45
Fact Sheet

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 11/30/21

Ticker QYLD
Bloomberg Index Ticker BXNT
CUSIP 37954Y483
ISIN US37954Y4834
Primary Exchange Nasdaq
Shares Outstanding 240,840,000
Number of Holdings 103
30-Day Median Bid-Ask Spread 0.04%

Distributions As of 11/30/21

30-Day SEC Yield 0.07%
12-Month Trailing Yield 12.12%
Distribution Yield 12.17%
Distribution Frequency Monthly

ETF Prices As of 11/30/21

NAV $22.45 Daily Change -$0.28 -1.21%
Market Price $22.51 Daily Change -$0.22 -0.97%

Performance History

As of recent
(09/30/21)
As of recent
(09/30/21)
Fund NAV Market Price Index
1 Year 14.62% 14.81% 15.15%
3 Years 7.04% 7.03% 8.34%
5 Years 10.75% 10.77% 11.96%
Since Inception 8.82% 8.83% 9.81%
1 Year 23.89% 23.64% 24.46%
3 Years 10.74% 10.63% 12.13%
5 Years 11.67% 11.54% 12.88%
Since Inception 9.34% 9.32% 10.32%
Year-to-Date 5.12% 5.39% 5.55%
1 Month -3.45% -3.35% -3.41%
3 Months 0.83% 1.02% 0.97%
Since Inception 93.40% 93.57% 107.62%
Year-to-Date 9.93% 9.98% 10.41%
1 Month 4.58% 4.35% 4.60%
3 Months 4.21% 4.07% 4.35%
Since Inception 102.27% 101.98% 117.17%

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 11/30/21

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
11.80 AAPL APPLE INC 2046251 165.30 3,864,380 638,782,014.00
10.73 MSFT MICROSOFT CORP 2588173 330.59 1,757,008 580,849,274.72
7.68 AMZN AMAZON.COM INC 2000019 3,507.07 118,464 415,461,540.48
6.13 TSLA TESLA INC B616C79 1,144.76 289,779 331,727,408.04
5.37 NVDA NVIDIA CORP 2379504 326.72 889,345 290,566,798.40
3.94 GOOG ALPHABET INC-CL C BYY88Y7 2,849.04 74,750 212,965,740.00
3.69 GOOGL ALPHABET INC-CL A BYVY8G0 2,837.95 70,433 199,885,332.35
3.34 FB META PLATFORMS INC B7TL820 324.46 557,034 180,735,251.64
2.10 ADBE ADOBE INC 2008154 669.85 169,351 113,439,767.35
1.87 NFLX NETFLIX INC 2857817 641.90 157,711 101,234,690.90
1.57 COST COSTCO WHOLESALE CORP 2701271 539.38 157,491 84,947,495.58
1.52 CSCO CISCO SYSTEMS INC 2198163 54.84 1,497,540 82,125,093.60
1.50 CMCSA COMCAST CORP-CLASS A 2044545 49.98 1,628,241 81,379,485.18
1.49 AVGO BROADCOM INC BDZ78H9 553.68 145,768 80,708,826.24
1.45 PEP PEPSICO INC 2681511 159.78 490,891 78,434,563.98
1.43 PYPL PAYPAL HOLDINGS INC BYW36M8 184.89 417,339 77,161,807.71
1.33 QCOM QUALCOMM INC 2714923 179.88 401,125 72,154,365.00
1.31 INTC INTEL CORP 2463247 49.20 1,441,729 70,933,066.80
1.26 AMD ADVANCED MICRO DEVICES 2007849 158.37 431,064 68,267,605.68
1.17 INTU INTUIT INC 2459020 652.30 97,066 63,316,151.80
1.17 TXN TEXAS INSTRUMENTS INC 2885409 192.37 328,299 63,154,878.63
0.93 MRNA MODERNA INC BGSXTS3 352.43 143,299 50,502,866.57
0.92 HON HONEYWELL INTL 2020459 202.24 245,073 49,563,563.52
0.89 TMUS T-MOBILE US INC B94Q9V0 108.81 442,896 48,191,513.76
0.87 AMAT APPLIED MATERIALS INC 2046552 147.19 320,392 47,158,498.48
0.85 SBUX STARBUCKS CORP 2842255 109.64 418,368 45,869,867.52
0.78 CHTR CHARTER COMMUN-A BZ6VT82 646.28 65,492 42,326,169.76
0.76 ISRG INTUITIVE SURGICAL INC 2871301 324.34 126,534 41,040,037.56
0.74 AMGN AMGEN INC 2023607 198.88 201,290 40,032,555.20
0.64 ADP AUTOMATIC DATA PROCESSING 2065308 230.89 149,947 34,621,262.83
0.64 ADI ANALOG DEVICES INC 2032067 180.25 190,769 34,386,112.25
0.63 LRCX LAM RESEARCH CORP 2502247 679.85 50,288 34,188,296.80
0.62 MU MICRON TECHNOLOGY INC 2588184 84.00 399,723 33,576,732.00
0.58 BKNG BOOKING HOLDINGS INC BDRXDB4 2,101.85 14,877 31,269,222.45
0.57 GILD GILEAD SCIENCES INC 2369174 68.93 445,122 30,682,259.46
0.54 MDLZ MONDELEZ INTER-A B8CKK03 58.94 496,094 29,239,780.36
0.51 CSX CSX CORP 2160753 34.66 799,337 27,705,020.42
0.44 REGN REGENERON PHARMACEUTICALS 2730190 636.53 37,604 23,936,074.12
0.44 JD JD.COM INC-ADR BMM27D9 84.11 280,107 23,559,799.77
0.42 ASML ASML HOLDING-NY B908F01 791.51 28,707 22,721,877.57
0.42 FISV FISERV INC 2342034 96.52 234,847 22,667,432.44
0.41 KLAC KLA CORP 2480138 408.13 53,921 22,006,777.73
0.39 MELI MERCADOLIBRE INC B23X1H3 1,188.41 17,829 21,188,161.89
0.39 NXPI NXP SEMICONDUCTORS NV B505PN7 223.36 93,976 20,990,479.36
0.38 MRVL MARVELL TECHNOLOGY INC BNKJSM5 71.17 291,654 20,757,015.18
0.37 LULU LULULEMON ATHLETICA INC B23FN39 454.41 44,381 20,167,170.21
0.37 ILMN ILLUMINA INC 2613990 365.33 55,192 20,163,293.36
0.37 XLNX XILINX INC 2985677 228.45 87,893 20,079,155.85
0.37 ADSK AUTODESK INC 2065159 254.19 77,795 19,774,711.05
0.35 DXCM DEXCOM INC B0796X4 562.59 33,941 19,094,867.19
0.34 WDAY WORKDAY INC-CLASS A B8K6ZD1 274.23 67,771 18,584,841.33
0.34 SNPS SYNOPSYS INC 2867719 341.00 53,800 18,345,800.00
0.34 TEAM ATLASSIAN CORP-A BZ09BD1 376.32 48,616 18,295,173.12
0.34 EXC EXELON CORP 2670519 52.73 345,810 18,234,561.30
0.34 IDXX IDEXX LABORATORIES INC 2459202 608.07 29,924 18,195,886.68
0.33 ZM ZOOM VIDEO COM-A BGSP7M9 211.41 85,632 18,103,461.12
0.32 CDNS CADENCE DESIGN SYS INC 2302232 177.46 97,908 17,374,753.68
0.32 VRTX VERTEX PHARM 2931034 186.94 91,920 17,183,524.80
0.32 KDP KEURIG DR PEPPER INC BD3W133 33.99 501,705 17,052,952.95
0.32 MAR MARRIOTT INTL-A 2210614 147.56 115,410 17,029,899.60
0.32 ALGN ALIGN TECHNOLOGY INC 2679204 611.53 27,845 17,028,052.85
0.31 DOCU DOCUSIGN INC BFYT7B7 246.36 69,062 17,014,114.32
0.30 ATVI ACTIVISION BLIZZARD INC 2575818 58.60 274,820 16,104,452.00
0.30 MCHP MICROCHIP TECHNOLOGY INC 2592174 83.43 191,911 16,011,134.73
0.29 MNST MONSTER BEVERAGE CORP BZ07BW4 83.78 187,271 15,689,564.38
0.29 EBAY EBAY INC 2293819 67.46 230,339 15,538,668.94
0.29 CTAS CINTAS CORP 2197137 422.19 36,801 15,537,014.19
0.29 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 638.16 24,135 15,401,991.60
0.28 CRWD CROWDSTRIKE HO-A BJJP138 217.14 70,574 15,324,438.36
0.28 PAYX PAYCHEX INC 2674458 119.20 125,798 14,995,121.60
0.27 KHC KRAFT HEINZ CO/THE BYRY499 33.61 428,290 14,394,826.90
0.27 CTSH COGNIZANT TECH-A 2257019 77.98 184,180 14,362,356.40
0.26 AEP AMERICAN ELECTRIC POWER 2026242 81.05 174,775 14,165,513.75
0.25 ROST ROSS STORES INC 2746711 109.09 124,801 13,614,541.09
0.25 WBA WALGREENS BOOTS BTN1Y44 44.80 302,885 13,569,248.00
0.25 BIDU BAIDU INC - SPON ADR B0FXT17 149.84 88,578 13,272,527.52
0.24 CASH 1.00 12,743,661 12,743,660.83
0.23 VRSK VERISK ANALYTICS INC B4P9W92 224.87 56,086 12,612,058.82
0.23 MTCH MATCH GROUP INC BK80XH9 129.99 96,749 12,576,402.51
0.23 EA ELECTRONIC ARTS INC 2310194 124.22 99,362 12,342,747.64
0.23 BIIB BIOGEN INC 2455965 235.74 51,954 12,247,635.96
0.22 XEL XCEL ENERGY INC 2614807 63.73 188,084 11,986,593.32
0.22 CPRT COPART INC 2208073 145.16 82,294 11,945,797.04
0.22 FAST FASTENAL CO 2332262 59.17 200,378 11,856,366.26
0.22 ANSS ANSYS INC 2045623 391.48 30,245 11,840,312.60
0.21 NTES NETEASE INC-ADR 2606440 107.73 104,668 11,275,883.64
0.20 OKTA OKTA INC BDFZSP1 215.23 50,055 10,773,337.65
0.19 DLTR DOLLAR TREE INC 2272476 133.83 78,138 10,457,208.54
0.19 SGEN SEAGEN INC BLPK4D2 160.00 63,748 10,199,680.00
0.19 PCAR PACCAR INC 2665861 83.42 120,912 10,086,479.04
0.17 VRSN VERISIGN INC 2142922 239.91 39,197 9,403,752.27
0.17 CDW CDW CORP/DE BBM5MD6 189.36 47,811 9,053,490.96
0.16 PDD PINDUODUO INC-ADR BYVW0F7 66.50 133,560 8,881,740.00
0.16 SWKS SKYWORKS SOLUTIONS INC 2961053 151.66 57,112 8,661,605.92
0.16 SIRI SIRIUS XM HOLDINGS INC BGLDK10 6.10 1,408,179 8,589,891.90
0.13 CERN CERNER CORP 2185284 70.45 102,144 7,196,044.80
0.13 SPLK SPLUNK INC B424494 121.00 56,513 6,838,073.00
0.10 INCY INCYTE CORP 2471950 67.72 81,419 5,513,694.68
0.10 TCOM TRIP.COM GROUP LTD-ADR BK1K3N2 27.50 194,580 5,350,950.00
0.09 CHKP CHECK POINT SOFTWARE TECH 2181334 111.31 45,642 5,080,411.02
0.08 PTON PELOTON INTERACTIVE INC-A BJ7WJS2 44.00 99,749 4,388,956.00
0.08 FOXA FOX CORP - CLASS A BJJMGL2 35.71 119,356 4,262,202.76
0.06 FOX FOX CORP - CLASS B BJJMGY5 33.60 92,935 3,122,616.00
-0.80 NDX US 12/17/21 C16575 12,785.00 -3,372 -43,111,020.00
Holdings are subject to change.

ETF Research

View More Related Research

The Morningstar Rating™ for 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. Read MoreExchange-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 9/30, QYLD was rated against the following numbers of Derivative Income funds over the following time periods: 63 during the last 3 years, 36 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.

© 2020 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee 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.