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.

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?

Volatility Enhances Income

Historically, as volatility rises, so too does the level of premium that can be generated on call writing.*

Efficient Options Execution

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

Monthly Distributions

QYLD has distributed between 0.43%-1.08% per month since inception.

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

Fund Details As of 12/6/19

Key Facts

Ticker QYLD
Inception Date 12/11/13
CUSIP 37954Y483
ISIN US37954Y4834
Bloomberg Index Ticker BXNT
Primary Exchange NASDAQ

Stats & Fees

Net Assets $846,079,521
NAV $23.40
Shares Outstanding 36,150,000
Total Expense Ratio 0.60%

Distributions

30-Day SEC Yield 0.22%
12-Month Dividend Yield 10.42%
Distribution Yield 10.14%
Distribution Frequency Monthly

Fund Prices As of 12/6/19

NAV Price
Net Asset Value $23.40 Closing Price $23.42
Daily Change $0.13 0.57% Daily Change $0.14 0.58%

Performance History

Cumulative %

Data as of month end (11/30/19)

Fund NAV Closing Price Index
1 Month 1.89% 1.98% 1.93%
3 Months 5.62% 5.71% 5.88%
6 Months 13.61% 13.48% 14.06%
Since Inception 66.00% 66.08% 75.16%

Avg Annualized %

Data as of month end (11/30/19)

Fund NAV Closing Price Index
1 Year 10.97% 10.96% 13.25%
3 Years 11.90% 11.81% 13.25%
5 Years 9.56% 9.56% 10.68%
Since Inception 8.86% 8.87% 9.84%

Avg Annualized %

Data as of quarter end (9/30/19)

Fund NAV Closing Price Index
1 Year 0.16% -0.06% 1.91%
3 Years 10.81% 10.77% 12.13%
5 Years 8.01% 7.98% 9.07%
Since Inception 8.20% 8.17% 9.17%

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.

Top 10 Holdings

As of 12/6/19
Net Assets % Name Market Price ($) Shares Held Market Value ($)
12.48 APPLE INC 270.71 390,165 105,621,567.15
11.82 MICROSOFT CORP 151.75 659,170 100,029,047.50
8.84 AMAZON.COM INC 1,751.60 42,705 74,802,078.00
4.98 FACEBOOK INC-CLASS A 201.05 209,531 42,126,207.55
4.79 ALPHABET INC-CL C 1,340.62 30,200 40,486,724.00
4.21 ALPHABET INC-CL A 1,339.39 26,563 35,578,216.57
2.85 INTEL CORP 56.81 423,907 24,082,156.67
2.26 COMCAST CORP-CLASS A 44.24 432,292 19,124,598.08
2.16 PEPSICO INC 137.36 133,233 18,300,884.88
2.11 CISCO SYSTEMS INC 43.84 407,956 17,884,791.04
Holdings are subject to change. Cash, where shown, includes other assets and liabilities, such as payables and receivables.

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. Global X NAVs are calculated using prices as of 4:00 PM Eastern Time. The closing price is the Mid-Point between the Bid and Ask price as of the close of exchange. Closing price returns 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.