QYLD


Nasdaq 100 Covered Call ETF

Morningstar Rating™ - Overall rating out of 74 Derivative Income funds, based on risk-adjusted returns as of 05/31/2024

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 06/13/24

Inception Date 12/11/13
Total Expense Ratio 0.61%
Net Assets $8.23 billion
NAV $17.77
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 06/13/24

Ticker QYLD
Bloomberg Index Ticker BXNT
CUSIP 37954Y483
ISIN US37954Y4834
Primary Exchange Nasdaq
Shares Outstanding 462,970,000
Number of Holdings 102
30-Day Median Bid-Ask Spread 0.06%

Distributions As of 06/13/24

30-Day SEC Yield 0.29%
12-Month Trailing Yield 12.22%
Distribution Yield 11.15%
Distribution Frequency Monthly

ETF Prices As of 06/13/24

NAV $17.77 Daily Change -$0.01 -0.06%
Market Price $17.80 Daily Change $0.00 0.00%

Performance History

As of recent
(03/31/24)
As of recent
(03/31/24)
Fund NAV Market Price Index
1 Year 17.60% 17.60% 18.42%
3 Years 4.67% 4.60% 5.26%
5 Years 7.36% 7.29% 8.14%
10 Years 7.63% 7.59% 8.52%
Since Inception 7.70% 7.68% 8.59%
1 Year 11.99% 11.73% 12.62%
3 Years 4.40% 4.34% 4.94%
5 Years 7.94% 7.86% 8.70%
10 Years 7.37% 7.27% 8.25%
Since Inception 7.54% 7.52% 8.41%
Year-to-Date 6.38% 6.45% 6.71%
1 Month 1.40% 1.29% 1.42%
3 Months 6.38% 6.45% 6.71%
Since Inception 114.84% 114.40% 133.88%
Year-to-Date 6.03% 6.09% 6.34%
1 Month 1.74% 1.51% 1.68%
3 Months 1.06% 0.95% 1.07%
Since Inception 114.12% 113.67% 133.07%

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 06/13/24

Nasdaq 100 Price 19,576.90

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short NASDAQ Call Option -$8,668,661,859 18600 0.00% 06/21/2024 8

Top Holdings As of 06/13/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
9.11 AAPL APPLE INC 2046251 214.24 3,500,710 749,992,110.40
9.04 MSFT MICROSOFT CORP 2588173 441.58 1,684,678 743,920,111.24
8.93 NVDA NVIDIA CORP 2379504 129.61 5,668,270 734,664,474.70
5.54 AVGO BROADCOM INC BDZ78H9 1,678.99 271,294 455,499,913.06
5.26 AMZN AMAZON.COM INC 2000019 183.83 2,354,726 432,869,280.58
4.86 META META PLATFORMS INC B7TL820 503.60 793,459 399,585,952.40
2.84 GOOGL ALPHABET INC-CL A BYVY8G0 175.16 1,335,657 233,953,680.12
2.76 GOOG ALPHABET INC-CL C BYY88Y7 176.74 1,285,299 227,163,745.26
2.67 COST COSTCO WHOLESALE CORP 2701271 845.96 259,644 219,648,438.24
2.42 TSLA TESLA INC B616C79 182.47 1,092,453 199,339,898.91
2.01 NFLX NETFLIX INC 2857817 653.26 253,446 165,566,133.96
1.84 AMD ADVANCED MICRO DEVICES 2007849 159.90 945,884 151,246,851.60
1.73 QCOM QUALCOMM INC 2714923 217.81 653,176 142,268,264.56
1.60 PEP PEPSICO INC 2681511 163.33 804,575 131,411,234.75
1.51 LIN LINDE PLC BNZHB81 439.80 281,864 123,963,787.20
1.48 TMUS T-MOBILE US INC B94Q9V0 175.11 694,572 121,626,502.92
1.47 ADBE ADOBE INC 2008154 458.74 264,453 121,315,169.22
1.40 AMAT APPLIED MATERIALS INC 2046552 237.55 486,068 115,465,453.40
1.31 CSCO CISCO SYSTEMS INC 2198163 45.52 2,369,705 107,868,971.60
1.27 TXN TEXAS INSTRUMENTS INC 2885409 196.28 531,940 104,409,183.20
1.18 INTU INTUIT INC 2459020 594.62 163,705 97,342,267.10
1.14 AMGN AMGEN INC 2023607 298.50 313,524 93,586,914.00
1.12 MU MICRON TECHNOLOGY INC 2588184 143.14 643,572 92,120,896.08
1.06 ISRG INTUITIVE SURGICAL INC 2871301 422.90 206,263 87,228,622.70
1.06 CMCSA COMCAST CORP-CLASS A 2044545 37.58 2,318,470 87,128,102.60
0.97 LRCX LAM RESEARCH CORP 2502247 1,038.50 76,524 79,470,174.00
0.96 HON HONEYWELL INTL 2020459 208.63 380,317 79,345,535.71
0.94 BKNG BOOKING HOLDINGS INC BDRXDB4 3,856.14 20,117 77,573,968.38
0.91 INTC INTEL CORP 2463247 30.46 2,465,596 75,102,054.16
0.88 VRTX VERTEX PHARM 2931034 479.03 150,796 72,235,807.88
0.82 ADI ANALOG DEVICES INC 2032067 234.03 289,651 67,787,023.53
0.80 KLAC KLA CORP 2480138 830.03 79,045 65,609,721.35
0.79 REGN REGENERON PHARMACEUTICALS 2730190 1,026.55 63,032 64,705,499.60
0.73 PANW PALO ALTO NETWORKS INC B87ZMX0 319.66 188,790 60,348,611.40
0.72 PDD PDD HOLDINGS INC BYVW0F7 151.07 390,495 58,992,079.65
0.71 ADP AUTOMATIC DATA PROCESSING 2065308 242.87 240,018 58,293,171.66
0.65 ASML ASML HOLDING-NY B908F01 1,052.71 50,572 53,237,650.12
0.65 SBUX STARBUCKS CORP 2842255 80.24 662,640 53,170,233.60
0.64 SNPS SYNOPSYS INC 2867719 586.54 89,267 52,358,666.18
0.63 MDLZ MONDELEZ INTER-A B8CKK03 66.10 787,154 52,030,879.40
0.62 CRWD CROWDSTRIKE HO-A BJJP138 382.81 133,360 51,051,541.60
0.60 CDNS CADENCE DESIGN SYS INC 2302232 307.54 159,420 49,028,026.80
0.57 MELI MERCADOLIBRE INC B23X1H3 1,580.53 29,694 46,932,257.82
0.56 GILD GILEAD SCIENCES INC 2369174 62.79 729,205 45,786,781.95
0.50 NXPI NXP SEMICONDUCTORS NV B505PN7 275.47 150,400 41,430,688.00
0.50 CTAS CINTAS CORP 2197137 691.96 59,432 41,124,566.72
0.50 CEG CONSTELLATION ENERGY BMH4FS1 219.93 185,731 40,847,818.92
0.50 MAR MARRIOTT INTL-A 2210614 240.47 169,845 40,842,627.15
0.47 PYPL PAYPAL HOLDINGS INC BYW36M8 61.54 628,426 38,673,336.04
0.46 ABNB AIRBNB INC-CLASS A BMGYYH4 146.10 256,101 37,416,356.10
0.45 CSX CSX CORP 2160753 32.53 1,148,217 37,351,499.01
0.45 MRVL MARVELL TECHNOLOGY INC BNKJSM5 72.87 503,100 36,660,897.00
0.42 ROP ROPER TECHNOLOGIES INC 2749602 547.17 62,630 34,269,257.10
0.42 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 995.78 34,361 34,215,996.58
0.40 PCAR PACCAR INC 2665861 107.10 303,494 32,504,207.40
0.39 MRNA MODERNA INC BGSXTS3 145.23 223,085 32,398,634.55
0.36 CPRT COPART INC 2208073 53.06 561,600 29,798,496.00
0.36 MNST MONSTER BEVERAGE CORP BZ07BW4 48.72 602,880 29,372,313.60
0.36 MCHP MICROCHIP TECHNOLOGY INC 2592174 92.81 315,548 29,286,009.88
0.35 ROST ROSS STORES INC 2746711 145.65 196,623 28,638,139.95
0.34 ADSK AUTODESK INC 2065159 223.10 124,817 27,846,672.70
0.34 KDP KEURIG DR PEPPER INC BD3W133 34.06 810,066 27,590,847.96
0.33 AZN ASTRAZENECA PLC-SPONS ADR 2989044 79.53 340,059 27,044,892.27
0.33 AEP AMERICAN ELECTRIC POWER 2026242 87.90 307,165 26,999,803.50
0.33 FTNT FORTINET INC B5B2106 60.23 445,419 26,827,586.37
0.31 PAYX PAYCHEX INC 2674458 122.67 210,766 25,854,665.22
0.31 DXCM DEXCOM INC B0796X4 113.81 225,106 25,619,313.86
0.31 WDAY WORKDAY INC-CLASS A B8K6ZD1 207.08 121,975 25,258,583.00
0.30 DASH DOORDASH INC - A BN13P03 113.77 219,877 25,015,406.29
0.30 TTD TRADE DESK INC-A BD8FDD1 95.62 259,642 24,826,968.04
0.30 IDXX IDEXX LABORATORIES INC 2459202 506.12 48,524 24,558,966.88
0.28 CHTR CHARTER COMMUN-A BZ6VT82 274.17 84,702 23,222,747.34
0.28 KHC KRAFT HEINZ CO/THE BYRY499 32.54 708,258 23,046,715.32
0.27 ODFL OLD DOMINION FREIGHT LINE 2656423 172.91 126,956 21,951,961.96
0.27 VRSK VERISK ANALYTICS INC B4P9W92 261.85 83,593 21,888,827.05
0.26 LULU LULULEMON ATHLETICA INC B23FN39 307.49 70,522 21,684,809.78
0.26 FAST FASTENAL CO 2332262 64.29 333,955 21,469,966.95
0.26 DDOG DATADOG INC - CLASS A BKT9Y49 119.54 178,443 21,331,076.22
0.26 EA ELECTRONIC ARTS INC 2310194 135.87 156,040 21,201,154.80
0.25 EXC EXELON CORP 2670519 35.41 583,135 20,648,810.35
0.25 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 76.99 265,595 20,448,159.05
0.24 FANG DIAMONDBACK ENERGY INC B7Y8YR3 190.35 104,167 19,828,188.45
0.24 CCEP COCA-COLA EUROPA BYQQ3P5 74.42 266,344 19,821,320.48
0.24 BIIB BIOGEN INC 2455965 233.84 84,724 19,811,860.16
0.23 CTSH COGNIZANT TECH-A 2257019 64.61 290,448 18,765,845.28
0.23 ON ON SEMICONDUCTOR 2583576 75.04 249,255 18,704,095.20
0.22 BKR BAKER HUGHES CO BDHLTQ5 31.63 583,608 18,459,521.04
0.22 CSGP COSTAR GROUP INC 2262864 75.20 238,290 17,919,408.00
0.21 CDW CDW CORP/DE BBM5MD6 225.10 78,145 17,590,439.50
0.21 XEL XCEL ENERGY INC 2614807 53.79 323,647 17,409,781.25
0.20 ANSS ANSYS INC 2045623 325.01 50,740 16,491,007.40
0.19 TTWO TAKE-TWO INTERAC 2122117 157.72 99,392 15,676,106.24
0.19 ZS ZSCALER INC BZ00V34 181.05 86,373 15,637,831.65
0.19 GFS GLOBALFOUNDRIES INC BMW7F63 48.61 319,236 15,518,061.96
0.17 TEAM ATLASSIAN CORP-CL A BQ1PC76 156.02 91,703 14,307,502.06
0.16 DLTR DOLLAR TREE INC 2272476 106.53 126,826 13,510,773.78
0.13 WBD WARNER BROS DISCOVERY INC BM8JYX3 7.29 1,418,533 10,341,105.57
0.12 ILMN ILLUMINA INC 2613990 109.22 92,325 10,083,736.50
0.11 MDB MONGODB INC BF2FJ99 218.18 42,021 9,168,141.78
0.10 CASH 1.00 8,361,644 8,361,643.90
0.09 WBA WALGREENS BOOTS BTN1Y44 15.45 500,513 7,732,925.85
0.07 SIRI SIRIUS XM HOLDINGS INC BGLDK10 2.54 2,223,022 5,646,475.88
0.05 OTHER PAYABLE & RECEIVABLES 1.00 3,938,880 3,938,880.20
-5.55 NDX US 06/21/24 C18600 103,225.00 -4,428 -457,080,300.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 06/13/24

Return on Equity 23.50%
Weighted Avg. Market Cap 1,184,920 M
2023 2024
Price-to-earnings 32.78 28.17
Price-to-book value 7.29 6.06

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 05/31/24

Versus Beta
S&P 500 0.63
NASDAQ-100 0.52
MSCI EAFE 0.55
MSCI Emg. Mkts 0.40
Standard Deviation 13.30%

Source: new windowAltaVista Research, LLC

ETF Research

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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. 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 05/31, QYLD was rated against the following numbers of Derivative Income funds over the following time periods: 74 during the last 3 years, 68 during the last 5 years, 37 during the last 10 years. With respect to these Derivative Income funds, QYLD received a Morningstar Rating of 3, 3, 4 stars, respectively. Past performance is not indicative of future results.

© 2023 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.