QYLD


Nasdaq 100 Covered Call ETF

Morningstar Rating™ - Overall rating out of 77 Derivative Income funds, based on risk-adjusted returns as of 09/30/2024

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 10/31/24

Inception Date 12/11/13
Total Expense Ratio 0.61%
Net Assets $8.10 billion
NAV $17.96
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 10/31/24

Ticker QYLD
Bloomberg Index Ticker BXNT
CUSIP 37954Y483
ISIN US37954Y4834
Primary Exchange Nasdaq
Shares Outstanding 450,970,000
Number of Holdings 102
30-Day Median Bid-Ask Spread 0.06%

Distributions As of 10/31/24

30-Day SEC Yield 0.26%
Trailing 12-Month Distribution (%) 12.21%
Distribution Rate 12.00%
Distribution Frequency Monthly

ETF Prices As of 10/31/24

NAV $17.96 Daily Change -$0.22 -1.21%
Market Price $17.97 Daily Change -$0.24 -1.32%

Performance History

As of recent
(09/30/24)
As of recent
(09/30/24)
Fund NAV Market Price Index
1 Year 20.88% 21.02% 21.74%
3 Years 5.83% 5.77% 6.42%
5 Years 7.73% 7.74% 8.50%
10 Years 7.87% 7.86% 8.78%
Since Inception 7.98% 7.97% 8.85%
1 Year 21.73% 21.72% 22.52%
3 Years 4.47% 4.49% 5.07%
5 Years 7.20% 7.19% 7.95%
10 Years 8.18% 8.16% 9.11%
Since Inception 7.97% 7.96% 8.85%
Year-to-Date 13.51% 13.71% 14.17%
1 Month 1.74% 1.85% 1.84%
3 Months 5.14% 5.20% 5.29%
Since Inception 129.24% 129.02% 150.22%
Year-to-Date 14.21% 14.41% 14.92%
1 Month 0.62% 0.62% 0.66%
3 Months 5.34% 5.40% 5.51%
Since Inception 130.65% 130.43% 151.87%

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 10/31/24

Nasdaq 100 Price 19,927.55

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short NASDAQ Call Option -$8,216,129,195 20300 1.87% 11/15/2024 15

Top Holdings As of 10/31/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
8.93 AAPL APPLE INC 2046251 225.91 3,206,626 724,408,879.66
8.47 NVDA NVIDIA CORP 2379504 132.76 5,173,562 686,842,091.12
7.85 MSFT MICROSOFT CORP 2588173 406.35 1,567,706 637,037,333.10
5.28 AVGO BROADCOM INC BDZ78H9 169.77 2,524,449 428,575,706.73
5.13 META META PLATFORMS INC B7TL820 567.58 733,002 416,037,275.16
5.09 AMZN AMAZON.COM INC 2000019 186.40 2,213,564 412,608,329.60
3.14 TSLA TESLA INC B616C79 249.85 1,019,913 254,825,263.05
2.61 GOOGL ALPHABET INC-CL A BYVY8G0 171.11 1,235,639 211,430,189.29
2.60 COST COSTCO WHOLESALE CORP 2701271 873.02 241,451 210,791,552.02
2.51 GOOG ALPHABET INC-CL C BYY88Y7 172.69 1,177,892 203,410,169.48
2.18 NFLX NETFLIX INC 2857817 756.03 233,757 176,727,304.71
1.75 TMUS T-MOBILE US INC B94Q9V0 223.16 635,581 141,836,255.96
1.57 AMD ADVANCED MICRO DEVICES 2007849 144.07 881,720 127,029,400.40
1.53 PEP PEPSICO INC 2681511 166.08 748,301 124,277,830.08
1.48 CSCO CISCO SYSTEMS INC 2198163 54.77 2,194,710 120,204,266.70
1.46 LIN LINDE PLC BNZHB81 456.15 260,149 118,666,966.35
1.42 ADBE ADOBE INC 2008154 478.08 241,486 115,449,626.88
1.25 TXN TEXAS INSTRUMENTS INC 2885409 203.16 497,369 101,045,486.04
1.22 QCOM QUALCOMM INC 2714923 162.77 606,775 98,764,766.75
1.20 ISRG INTUITIVE SURGICAL INC 2871301 503.84 193,533 97,509,666.72
1.16 AMGN AMGEN INC 2023607 320.16 292,633 93,689,381.28
1.15 INTU INTUIT INC 2459020 610.30 152,225 92,902,917.50
1.13 CMCSA COMCAST CORP-CLASS A 2044545 43.67 2,104,416 91,899,846.72
1.05 BKNG BOOKING HOLDINGS INC BDRXDB4 4,676.25 18,203 85,121,778.75
1.01 AMAT APPLIED MATERIALS INC 2046552 181.58 449,093 81,546,306.94
0.90 HON HONEYWELL INTL 2020459 205.68 353,925 72,795,294.00
0.83 VRTX VERTEX PHARM 2931034 475.98 140,582 66,914,220.36
0.79 ADP AUTOMATIC DATA PROCESSING 2065308 289.24 222,154 64,255,822.96
0.78 PANW PALO ALTO NETWORKS INC B87ZMX0 360.33 176,400 63,562,212.00
0.74 ADI ANALOG DEVICES INC 2032067 223.11 270,461 60,342,553.71
0.74 SBUX STARBUCKS CORP 2842255 97.70 617,346 60,314,704.20
0.74 GILD GILEAD SCIENCES INC 2369174 88.82 678,193 60,237,102.26
0.74 MU MICRON TECHNOLOGY INC 2588184 99.65 603,974 60,186,009.10
0.70 MELI MERCADOLIBRE INC B23X1H3 2,037.18 27,674 56,376,919.32
0.65 LRCX LAM RESEARCH CORP BSML4N7 74.35 707,534 52,605,152.90
0.62 INTC INTEL CORP 2463247 21.52 2,329,364 50,127,913.28
0.61 MDLZ MONDELEZ INTER-A B8CKK03 68.48 727,644 49,829,061.12
0.61 REGN REGENERON PHARMACEUTICALS 2730190 838.20 59,014 49,465,534.80
0.60 KLAC KLA CORP 2480138 666.23 73,282 48,822,666.86
0.56 CTAS CINTAS CORP 2197137 205.81 219,591 45,194,023.71
0.55 CEG CONSTELLATION ENERGY BMH4FS1 262.96 170,367 44,799,706.32
0.54 PYPL PAYPAL HOLDINGS INC BYW36M8 79.30 556,856 44,158,680.80
0.54 PDD PDD HOLDINGS INC BYVW0F7 120.59 363,838 43,875,224.42
0.53 SNPS SYNOPSYS INC 2867719 513.61 83,701 42,989,670.61
0.51 CDNS CADENCE DESIGN SYS INC 2302232 276.12 149,116 41,173,909.92
0.49 MAR MARRIOTT INTL-A 2210614 260.02 153,298 39,860,545.96
0.47 MRVL MARVELL TECHNOLOGY INC BNKJSM5 80.11 471,787 37,794,856.57
0.46 CRWD CROWDSTRIKE HO-A BJJP138 296.87 126,798 37,642,522.26
0.45 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,153.14 31,642 36,487,655.88
0.44 CSX CSX CORP 2160753 33.64 1,056,050 35,525,522.00
0.43 ASML ASML HOLDING-NY B908F01 672.55 51,322 34,516,611.10
0.41 ADSK AUTODESK INC 2065159 283.80 117,455 33,333,729.00
0.41 DASH DOORDASH INC - A BN13P03 156.70 209,574 32,840,245.80
0.40 FTNT FORTINET INC B5B2106 78.66 416,642 32,773,059.72
0.40 NXPI NXP SEMICONDUCTORS NV B505PN7 234.50 138,752 32,537,344.00
0.40 ABNB AIRBNB INC-CLASS A BMGYYH4 134.79 239,641 32,301,210.39
0.39 ROP ROPER TECHNOLOGIES INC 2749602 537.73 58,352 31,377,620.96
0.37 PCAR PACCAR INC 2665861 104.28 285,516 29,773,608.48
0.36 TTD TRADE DESK INC-A BD8FDD1 120.21 243,798 29,306,957.58
0.35 AEP AMERICAN ELECTRIC POWER 2026242 98.75 289,805 28,618,243.75
0.35 FANG DIAMONDBACK ENERGY INC B7Y8YR3 176.77 160,623 28,393,327.71
0.35 MNST MONSTER BEVERAGE CORP BZ07BW4 52.68 533,623 28,111,259.64
0.34 PAYX PAYCHEX INC 2674458 139.33 195,915 27,296,836.95
0.34 WDAY WORKDAY INC-CLASS A B8K6ZD1 233.85 116,093 27,148,348.05
0.33 CPRT COPART INC 2208073 51.47 524,258 26,983,559.26
0.31 CHTR CHARTER COMMUN-A BZ6VT82 327.61 77,798 25,487,402.78
0.31 ROST ROSS STORES INC 2746711 139.72 181,708 25,388,241.76
0.30 FAST FASTENAL CO 2332262 78.18 311,956 24,388,720.08
0.30 KDP KEURIG DR PEPPER INC BD3W133 32.95 738,660 24,338,847.00
0.29 ODFL OLD DOMINION FREIGHT LINE 2656423 201.32 116,797 23,513,572.04
0.28 AZN ASTRAZENECA PLC-SPONS ADR 2989044 71.15 317,199 22,568,708.85
0.27 KHC KRAFT HEINZ CO/THE BYRY499 33.46 658,693 22,039,867.78
0.27 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 87.35 248,834 21,735,649.90
0.27 EA ELECTRONIC ARTS INC 2310194 150.85 143,892 21,706,108.20
0.26 MCHP MICROCHIP TECHNOLOGY INC 2592174 73.37 292,186 21,437,686.82
0.26 EXC EXELON CORP 2670519 39.30 545,000 21,418,500.00
0.26 VRSK VERISK ANALYTICS INC B4P9W92 274.72 77,625 21,325,140.00
0.26 DDOG DATADOG INC - CLASS A BKT9Y49 125.44 169,510 21,263,334.40
0.25 BKR BAKER HUGHES CO BDHLTQ5 38.08 541,159 20,607,334.72
0.25 CTSH COGNIZANT TECH-A 2257019 74.59 270,007 20,139,822.13
0.25 XEL XCEL ENERGY INC 2614807 66.81 297,376 19,867,690.56
0.23 LULU LULULEMON ATHLETICA INC B23FN39 297.90 62,965 18,757,273.50
0.23 CCEP COCA-COLA EUROPA BYQQ3P5 76.00 245,190 18,634,440.00
0.23 IDXX IDEXX LABORATORIES INC 2459202 406.92 44,836 18,244,665.12
0.20 TEAM ATLASSIAN CORP-CL A BQ1PC76 188.54 85,950 16,205,013.00
0.20 ON ON SEMICONDUCTOR 2583576 70.49 227,533 16,038,801.17
0.20 CSGP COSTAR GROUP INC 2262864 72.79 218,572 15,909,855.88
0.19 ANSS ANSYS INC 2045623 320.41 47,595 15,249,913.95
0.19 TTWO TAKE-TWO INTERAC 2122117 161.72 93,234 15,077,802.48
0.19 DXCM DEXCOM INC B0796X4 70.48 213,189 15,025,560.72
0.18 ZS ZSCALER INC BZ00V34 180.79 80,604 14,572,397.16
0.17 CDW CDW CORP/DE BBM5MD6 188.23 72,821 13,707,096.83
0.17 BIIB BIOGEN INC 2455965 174.00 77,247 13,440,978.00
0.15 ILMN ILLUMINA INC 2613990 144.14 84,282 12,148,407.48
0.14 MRNA MODERNA INC BGSXTS3 54.36 206,953 11,249,965.08
0.13 GFS GLOBALFOUNDRIES INC BMW7F63 36.50 297,044 10,842,106.00
0.13 WBD WARNER BROS DISCOVERY INC BM8JYX3 8.13 1,315,417 10,694,340.21
0.13 MDB MONGODB INC BF2FJ99 270.40 39,405 10,655,112.00
0.12 ARM ARM HOLDINGS PLC-ADR BNSP5P7 141.30 66,154 9,347,560.20
0.11 SMCI SUPER MICRO COMPUTER INC BRC3N73 29.11 318,971 9,285,245.81
0.11 CASH 1.00 8,672,241 8,672,240.96
0.09 DLTR DOLLAR TREE INC 2272476 64.64 113,094 7,310,396.16
-0.04 OTHER PAYABLE & RECEIVABLES 1.00 -2,989,663 -2,989,662.55
-1.20 NDX US 11/15/24 C20300 23,685.00 -4,123 -97,653,255.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 10/31/24

Return on Equity 22.10%
Weighted Avg. Market Cap 1,094,840 M
2023 2024
Price-to-earnings 34.39 29.59
Price-to-book value 7.14 6.03

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 10/31/24

Versus Beta
S&P 500 0.62
NASDAQ-100 0.52
MSCI EAFE 0.50
MSCI Emg. Mkts 0.40
Standard Deviation 12.90%

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 09/30, QYLD was rated against the following numbers of Derivative Income funds over the following time periods: 77 during the last 3 years, 67 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.

© 2024 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.