QYLD

Nasdaq 100 Covered Call ETF

Overview Prices & Performance Holdings & Characteristics Research Documents

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 8 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 06/23/22

Inception Date	12/11/13
Total Expense Ratio	0.60%
Net Assets	$6.59 billion
NAV	$17.47
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 06/23/22

Ticker	QYLD
Bloomberg Index Ticker	BXNT
CUSIP	37954Y483
ISIN	US37954Y4834
Primary Exchange	Nasdaq
Shares Outstanding	377,080,000
Number of Holdings	103
30-Day Median Bid-Ask Spread	0.06%

Distributions As of 06/23/22

30-Day SEC Yield	0.32%
12-Month Trailing Yield	16.06%
Distribution Yield	12.08%
Distribution Frequency	Monthly

ETF Prices As of 06/23/22

NAV	$17.47	Daily Change	$0.09	0.49%
Market Price	$17.47	Daily Change	$0.10	0.58%

As of recent (03/31/22) As of recent (03/31/22)	Fund NAV	Market Price	Index
1 Year	5.33%	5.43%	5.70%
3 Years	9.42%	9.41%	10.26%
5 Years	9.37%	9.38%	10.47%
Since Inception	8.53%	8.54%	9.47%
1 Year	-7.89%	-7.88%	-7.60%
3 Years	5.86%	5.79%	6.66%
5 Years	5.82%	5.81%	6.87%
Since Inception	6.71%	6.71%	7.62%
Year-to-Date	-2.79%	-2.60%	-2.87%
1 Month	5.08%	5.28%	4.94%
3 Months	-2.79%	-2.60%	-2.87%
Since Inception	97.35%	97.53%	111.98%
Year-to-Date	-14.61%	-14.56%	-14.62%
1 Month	-5.64%	-5.88%	-5.60%
3 Months	-7.70%	-7.64%	-7.75%
Since Inception	73.34%	73.28%	86.34%

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.

Net Assets (%)	Ticker	Name	SEDOL	Market Price ($)	Shares Held	Market Value ($)
13.33	AAPL	APPLE INC	2046251	138.27	6,350,163	878,037,038.01
11.53	MSFT	MICROSOFT CORP	2588173	258.86	2,934,322	759,578,592.92
6.81	AMZN	AMAZON.COM INC	2000019	112.44	3,991,581	448,813,367.64
4.35	TSLA	TESLA INC	B616C79	705.21	406,421	286,612,153.41
4.21	GOOG	ALPHABET INC-CL C	BYY88Y7	2,253.69	122,955	277,102,453.95
4.02	GOOGL	ALPHABET INC-CL A	BYVY8G0	2,244.84	117,994	264,877,650.96
3.40	NVDA	NVIDIA CORP	2379504	162.25	1,380,130	223,926,092.50
3.25	META	META PLATFORMS INC	B7TL820	158.75	1,347,153	213,860,538.75
2.24	PEP	PEPSICO INC	2681511	164.10	899,738	147,647,005.80
2.08	COST	COSTCO WHOLESALE CORP	2701271	475.00	288,402	136,990,950.00
2.00	AVGO	BROADCOM INC	BDZ78H9	496.58	265,666	131,924,422.28
1.76	ADBE	ADOBE INC	2008154	376.64	307,440	115,794,201.60
1.76	CSCO	CISCO SYSTEMS INC	2198163	42.93	2,694,438	115,672,223.34
1.73	CMCSA	COMCAST CORP-CLASS A	2044545	39.11	2,908,801	113,763,207.11
1.68	TMUS	T-MOBILE US INC	B94Q9V0	135.94	815,601	110,872,799.94
1.51	INTC	INTEL CORP	2463247	37.41	2,660,349	99,523,656.09
1.38	TXN	TEXAS INSTRUMENTS INC	2885409	151.14	599,938	90,674,629.32
1.33	QCOM	QUALCOMM INC	2714923	120.09	728,645	87,502,978.05
1.32	AMD	ADVANCED MICRO DEVICES	2007849	82.43	1,054,249	86,901,744.84
1.30	AMGN	AMGEN INC	2023607	243.09	351,268	85,389,738.12
1.17	HON	HONEYWELL INTL	2020459	174.57	442,840	77,306,578.80
1.12	INTU	INTUIT INC	2459020	400.75	183,461	73,521,995.75
0.87	ADP	AUTOMATIC DATA PROCESSING	2065308	210.58	271,684	57,211,216.72
0.85	SBUX	STARBUCKS CORP	2842255	75.20	745,848	56,087,769.60
0.84	PYPL	PAYPAL HOLDINGS INC	BYW36M8	73.81	753,130	55,588,525.30
0.83	MDLZ	MONDELEZ INTER-A	B8CKK03	61.04	899,974	54,934,412.96
0.80	AMAT	APPLIED MATERIALS INC	2046552	93.28	565,696	52,768,122.88
0.80	NFLX	NETFLIX INC	2857817	181.71	288,906	52,497,109.26
0.78	GILD	GILEAD SCIENCES INC	2369174	62.58	815,584	51,039,246.72
0.75	CHTR	CHARTER COMMUN-A	BZ6VT82	455.13	109,135	49,670,612.55
0.75	ADI	ANALOG DEVICES INC	2032067	145.54	337,993	49,191,501.22
0.74	BKNG	BOOKING HOLDINGS INC	BDRXDB4	1,835.06	26,387	48,421,728.22
0.73	ISRG	INTUITIVE SURGICAL INC	2871301	204.50	233,404	47,731,118.00
0.72	VRTX	VERTEX PHARM	2931034	283.50	166,319	47,151,436.50
0.65	REGN	REGENERON PHARMACEUTICALS	2730190	607.39	70,216	42,648,496.24
0.62	MU	MICRON TECHNOLOGY INC	2588184	56.22	725,951	40,812,965.22
0.62	CSX	CSX CORP	2160753	28.71	1,413,518	40,582,101.78
0.59	ATVI	ACTIVISION BLIZZARD INC	2575818	76.49	508,299	38,879,790.51
0.58	LRCX	LAM RESEARCH CORP	2502247	424.08	90,207	38,254,984.56
0.57	FISV	FISERV INC	2342034	89.73	420,183	37,703,020.59
0.56	MRNA	MODERNA INC	BGSXTS3	143.26	258,487	37,030,847.62
0.49	PANW	PALO ALTO NETWORKS INC	B87ZMX0	503.07	64,719	32,558,187.33
0.49	KDP	KEURIG DR PEPPER INC	BD3W133	35.21	921,882	32,459,465.22
0.48	MNST	MONSTER BEVERAGE CORP	BZ07BW4	92.18	344,193	31,727,710.74
0.47	KLAC	KLA CORP	2480138	320.66	96,973	31,095,362.18
0.47	AEP	AMERICAN ELECTRIC POWER	2026242	92.41	333,670	30,834,444.70
0.47	SNPS	SYNOPSYS INC	2867719	309.25	99,363	30,728,007.75
0.46	KHC	KRAFT HEINZ CO/THE	BYRY499	37.85	795,319	30,102,824.15
0.45	FTNT	FORTINET INC	B5B2106	56.80	521,375	29,614,100.00
0.43	MAR	MARRIOTT INTL-A	2210614	133.06	212,693	28,300,930.58
0.42	PAYX	PAYCHEX INC	2674458	117.31	234,551	27,515,177.81
0.41	CDNS	CADENCE DESIGN SYS INC	2302232	151.06	179,111	27,056,507.66
0.41	ASML	ASML HOLDING-NY	B908F01	485.50	55,694	27,039,437.00
0.41	EXC	EXELON CORP	2670519	42.23	636,785	26,891,430.55
0.41	ORLY	O'REILLY AUTOMOTIVE INC	B65LWX6	628.19	42,706	26,827,482.14
0.40	NXPI	NXP SEMICONDUCTORS NV	B505PN7	153.51	170,575	26,184,968.25
0.39	ADSK	AUTODESK INC	2065159	183.41	141,259	25,908,313.19
0.39	MRVL	MARVELL TECHNOLOGY INC	BNKJSM5	46.26	552,079	25,539,174.54
0.37	CTAS	CINTAS CORP	2197137	366.53	66,433	24,349,687.49
0.37	CRWD	CROWDSTRIKE HO-A	BJJP138	174.90	138,528	24,228,547.20
0.37	AZN	ASTRAZENECA PLC-SPONS ADR	2989044	64.45	375,297	24,187,891.65
0.36	XEL	XCEL ENERGY INC	2614807	67.28	353,742	23,799,761.76
0.36	ABNB	AIRBNB INC-CLASS A	BMGYYH4	95.72	248,292	23,766,510.24
0.36	EA	ELECTRONIC ARTS INC	2310194	128.96	181,764	23,440,285.44
0.35	WBA	WALGREENS BOOTS	BTN1Y44	40.89	560,955	22,937,449.95
0.35	MELI	MERCADOLIBRE INC	B23X1H3	698.64	32,698	22,844,130.72
0.35	CTSH	COGNIZANT TECH-A	2257019	67.38	338,454	22,805,030.52
0.34	DLTR	DOLLAR TREE INC	2272476	155.51	145,810	22,674,913.10
0.34	LULU	LULULEMON ATHLETICA INC	B23FN39	286.33	78,982	22,614,916.06
0.32	BIDU	BAIDU INC - SPON ADR	B0FXT17	146.13	144,406	21,102,048.78
0.32	LCID	LUCID GROUP INC	BP0TR77	19.30	1,082,457	20,891,420.10
0.32	SGEN	SEAGEN INC	BLPK4D2	174.00	119,526	20,797,524.00
0.31	MCHP	MICROCHIP TECHNOLOGY INC	2592174	57.91	355,076	20,562,451.16
0.31	JD	JD.COM INC-ADR	BMM27D9	61.90	329,070	20,369,433.00
0.31	BIIB	BIOGEN INC	2455965	211.38	95,066	20,095,051.08
0.30	ILMN	ILLUMINA INC	2613990	193.55	101,955	19,733,390.25
0.29	ZM	ZOOM VIDEO COM-A	BGSP7M9	117.67	163,395	19,226,689.65
0.29	IDXX	IDEXX LABORATORIES INC	2459202	355.62	53,935	19,180,364.70
0.29	DXCM	DEXCOM INC	B0796X4	75.21	254,705	19,156,363.05
0.28	FAST	FASTENAL CO	2332262	50.44	369,114	18,618,110.16
0.28	DDOG	DATADOG INC - CLASS A	BKT9Y49	100.60	183,659	18,476,095.40
0.28	PDD	PINDUODUO INC-ADR	BYVW0F7	64.23	287,613	18,473,382.99
0.28	WDAY	WORKDAY INC-CLASS A	B8K6ZD1	142.19	129,201	18,371,090.19
0.28	ODFL	OLD DOMINION FREIGHT LINE	2656423	247.62	73,556	18,213,936.72
0.28	PCAR	PACCAR INC	2665861	81.58	223,237	18,211,674.46
0.27	TEAM	ATLASSIAN CORP-A	BZ09BD1	193.26	92,819	17,938,199.94
0.26	VRSK	VERISK ANALYTICS INC	B4P9W92	170.97	101,803	17,405,258.91
0.26	CPRT	COPART INC	2208073	110.16	154,218	16,988,654.88
0.26	ROST	ROSS STORES INC	2746711	73.98	227,409	16,823,717.82
0.24		CASH		1.00	15,909,185	15,909,184.65
0.24	EBAY	EBAY INC	2293819	42.97	364,818	15,676,229.46
0.24	SIRI	SIRIUS XM HOLDINGS INC	BGLDK10	6.10	2,553,059	15,573,659.90
0.23	ZS	ZSCALER INC	BZ00V34	162.76	91,511	14,894,330.36
0.21	ANSS	ANSYS INC	2045623	246.54	56,265	13,871,573.10
0.21	MTCH	MATCH GROUP INC	BK80XH9	73.45	184,276	13,535,072.20
0.20	ALGN	ALIGN TECHNOLOGY INC	2679204	251.12	51,105	12,833,487.60
0.19	CEG	CONSTELLATION ENERGY	BMH4FS1	58.65	211,874	12,426,410.12
0.18	VRSN	VERISIGN INC	2142922	163.89	70,959	11,629,470.51
0.16	NTES	NETEASE INC-ADR	2606440	90.86	117,690	10,693,313.40
0.15	SPLK	SPLUNK INC	B424494	92.36	104,118	9,616,338.48
0.15	SWKS	SKYWORKS SOLUTIONS INC	2961053	94.27	101,645	9,582,074.15
0.14	OKTA	OKTA INC	BDFZSP1	93.40	97,440	9,100,896.00
0.13	DOCU	DOCUSIGN INC	BFYT7B7	65.70	129,295	8,494,681.50
-6.66		NDX US 07/15/22 C11150		73,245.00	-5,993	-438,957,285.00

Holdings are subject to change.

ETF Characteristics As of 06/23/22

Return on Equity	25.40%
Weighted Avg. Market Cap	920,479 M
	2021	2022
Price-to-earnings	23.32	22.41
Price-to-book value	6.33	5.17

Source: AltaVista Research, LLC

ETF Risk Stats As of 06/23/22

Versus	Beta
S&P 500	0.71
MSCI EAFE	0.67
MSCI Emg. Mkts	0.51
Standard Deviation	14.20%

Source: AltaVista Research, LLC

ETF Research

QYLD: A Covered Call Strategy for Rising Yields

Covered Call Strategies, Explained

Global X Income Outlook

View More Related Research

ETF Documents

Latest Premium / Discount As of 06/23/22

NAV	$17.47
Market Price	$17.47
Premium / (Discount)	$0.00

Current View 2022 Q2 As of 06/23/22

Days at Premium	45
Days at NAV	0
Days at Discount	12
Greatest Premium	0.34%
Greatest Discount	-0.20%

Daily Premium / Discount History As of 06/23/22

Hover over the chart points for details

View Chart Explanation

Download Chart Data (.CSV)

How can the Fund trade at a premium/discount to its NAV?

The primary explanation is that timing discrepancies can arise between the NAV and the trading price of the Fund. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

What causes these time discrepancies?

Close of Trading Times. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.

Time of Last Trade. Trading of Global X funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade - from which the closing price is determined - may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to deviate from the closing price.

International Holdings. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.

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.