QYLD


Nasdaq 100 Covered Call ETF

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 9 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 06/05/23

Inception Date 12/11/13
Total Expense Ratio 0.60%
Net Assets $7.64 billion
NAV $17.73
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 06/02/23

Ticker QYLD
Bloomberg Index Ticker BXNT
CUSIP 37954Y483
ISIN US37954Y4834
Primary Exchange Nasdaq
Shares Outstanding 430,620,000
Number of Holdings 102
30-Day Median Bid-Ask Spread 0.06%

Distributions As of 06/05/23

30-Day SEC Yield 0.24%
12-Month Trailing Yield 12.11%
Distribution Yield 11.54%
Distribution Frequency Monthly

ETF Prices As of 06/05/23

NAV $17.73 Daily Change $0.01 0.06%
Market Price $17.76 Daily Change $0.02 0.11%

Performance History

As of recent
(03/31/23)
As of recent
(03/31/23)
Fund NAV Market Price Index
1 Year -7.43% -7.71% -6.83%
3 Years 8.92% 8.72% 9.50%
5 Years 5.18% 5.13% 6.18%
Since Inception 6.69% 6.67% 7.59%
1 Year 10.30% 10.37% 11.07%
3 Years 7.13% 7.20% 7.73%
5 Years 5.13% 5.07% 6.11%
Since Inception 7.08% 7.08% 7.98%
Year-to-Date 11.10% 11.11% 11.33%
1 Month 5.75% 5.63% 5.82%
3 Months 11.10% 11.11% 11.33%
Since Inception 82.69% 82.31% 97.50%
Year-to-Date 16.28% 16.55% 16.66%
1 Month 2.71% 3.01% 2.81%
3 Months 10.68% 10.80% 10.89%
Since Inception 91.20% 91.24% 106.96%

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.

Top Holdings As of 06/05/23

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
13.99 MSFT MICROSOFT CORP 2588173 335.94 3,188,995 1,071,310,980.30
12.84 AAPL APPLE INC 2046251 179.58 5,474,477 983,106,579.66
7.21 AMZN AMAZON.COM INC 2000019 125.30 4,407,943 552,315,257.90
7.05 NVDA NVIDIA CORP 2379504 391.71 1,378,436 539,947,165.56
4.40 META META PLATFORMS INC B7TL820 271.39 1,242,224 337,127,171.36
4.30 GOOGL ALPHABET INC-CL A BYVY8G0 126.01 2,610,837 328,991,570.37
4.24 GOOG ALPHABET INC-CL C BYY88Y7 126.63 2,566,741 325,026,412.83
3.87 TSLA TESLA INC B616C79 217.61 1,361,557 296,288,418.77
2.44 AVGO BROADCOM INC BDZ78H9 802.30 232,427 186,476,182.10
1.85 PEP PEPSICO INC 2681511 184.19 768,020 141,461,603.80
1.68 COST COSTCO WHOLESALE CORP 2701271 518.25 247,783 128,413,539.75
1.50 CSCO CISCO SYSTEMS INC 2198163 50.21 2,285,151 114,737,431.71
1.45 ADBE ADOBE INC 2008154 434.18 255,462 110,916,491.16
1.38 AMD ADVANCED MICRO DEVICES 2007849 117.93 899,096 106,030,391.28
1.31 NFLX NETFLIX INC 2857817 403.54 248,642 100,336,992.68
1.22 CMCSA COMCAST CORP-CLASS A 2044545 39.79 2,346,485 93,366,638.15
1.18 TMUS T-MOBILE US INC B94Q9V0 132.22 680,457 89,970,024.54
1.12 TXN TEXAS INSTRUMENTS INC 2885409 170.26 505,763 86,111,208.38
0.96 HON HONEYWELL INTL 2020459 197.18 372,993 73,546,759.74
0.92 QCOM QUALCOMM INC 2714923 112.73 621,591 70,071,953.43
0.91 INTU INTUIT INC 2459020 442.84 156,791 69,433,326.44
0.90 INTC INTEL CORP 2463247 29.86 2,307,215 68,893,439.90
0.86 AMGN AMGEN INC 2023607 221.88 297,923 66,103,155.24
0.84 SBUX STARBUCKS CORP 2842255 99.93 641,184 64,073,517.12
0.82 AMAT APPLIED MATERIALS INC 2046552 133.73 471,425 63,043,665.25
0.81 ISRG INTUITIVE SURGICAL INC 2871301 317.49 195,814 62,168,986.86
0.74 MDLZ MONDELEZ INTER-A B8CKK03 74.29 760,678 56,510,768.62
0.72 BKNG BOOKING HOLDINGS INC BDRXDB4 2,670.76 20,603 55,025,668.28
0.71 GILD GILEAD SCIENCES INC 2369174 77.72 695,436 54,049,285.92
0.65 ADP AUTOMATIC DATA PROCESSING 2065308 216.24 230,787 49,905,380.88
0.65 ADI ANALOG DEVICES INC 2032067 174.98 282,493 49,430,625.14
0.63 VRTX VERTEX PHARM 2931034 334.42 143,111 47,859,180.62
0.60 LRCX LAM RESEARCH CORP 2502247 605.61 75,452 45,694,485.72
0.58 REGN REGENERON PHARMACEUTICALS 2730190 750.27 59,635 44,742,351.45
0.54 MU MICRON TECHNOLOGY INC 2588184 67.77 608,351 41,227,947.27
0.53 PYPL PAYPAL HOLDINGS INC BYW36M8 64.51 631,109 40,712,841.59
0.51 FISV FISERV INC 2342034 112.23 350,147 39,296,997.81
0.50 PANW PALO ALTO NETWORKS INC B87ZMX0 226.79 168,760 38,273,080.40
0.50 SNPS SYNOPSYS INC 2867719 450.16 84,934 38,233,889.44
0.48 CSX CSX CORP 2160753 32.13 1,150,248 36,957,468.24
0.48 MELI MERCADOLIBRE INC B23X1H3 1,289.49 28,304 36,497,724.96
0.46 CDNS CADENCE DESIGN SYS INC 2302232 232.33 152,537 35,438,921.21
0.46 KLAC KLA CORP 2480138 458.05 77,368 35,438,412.40
0.46 ATVI ACTIVISION BLIZZARD INC 2575818 80.84 437,115 35,336,376.60
0.46 ASML ASML HOLDING-NY B908F01 722.20 48,872 35,295,358.40
0.45 MNST MONSTER BEVERAGE CORP BZ07BW4 59.26 581,344 34,450,445.44
0.41 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 902.11 34,632 31,241,873.52
0.41 FTNT FORTINET INC B5B2106 71.27 436,935 31,140,357.45
0.40 MAR MARRIOTT INTL-A 2210614 177.22 171,766 30,440,370.52
0.37 CHTR CHARTER COMMUN-A BZ6VT82 334.91 85,107 28,503,185.37
0.36 MRNA MODERNA INC BGSXTS3 128.90 215,325 27,755,392.50
0.36 MRVL MARVELL TECHNOLOGY INC BNKJSM5 58.03 475,320 27,582,819.60
0.36 CTAS CINTAS CORP 2197137 484.25 56,381 27,302,499.25
0.35 DXCM DEXCOM INC B0796X4 124.66 215,343 26,844,658.38
0.34 ABNB AIRBNB INC-CLASS A BMGYYH4 115.69 227,643 26,336,018.67
0.34 KHC KRAFT HEINZ CO/THE BYRY499 38.06 682,847 25,989,156.82
0.33 NXPI NXP SEMICONDUCTORS NV B505PN7 176.56 144,126 25,446,886.56
0.33 ADSK AUTODESK INC 2065159 208.43 120,404 25,095,805.72
0.32 AZN ASTRAZENECA PLC-SPONS ADR 2989044 73.20 336,129 24,604,642.80
0.32 KDP KEURIG DR PEPPER INC BD3W133 31.31 783,619 24,535,110.89
0.32 LULU LULULEMON ATHLETICA INC B23FN39 356.44 68,548 24,433,249.12
0.32 BIIB BIOGEN INC 2455965 302.13 80,623 24,358,626.99
0.32 WDAY WORKDAY INC-CLASS A B8K6ZD1 213.48 113,955 24,327,113.40
0.32 AEP AMERICAN ELECTRIC POWER 2026242 84.00 286,943 24,103,212.00
0.31 CPRT COPART INC 2208073 88.52 265,433 23,496,129.16
0.30 MCHP MICROCHIP TECHNOLOGY INC 2592174 75.27 305,179 22,970,823.33
0.30 PDD PDD HOLDINGS INC BYVW0F7 68.06 331,786 22,581,355.16
0.29 PAYX PAYCHEX INC 2674458 111.65 201,107 22,453,596.55
0.29 EXC EXELON CORP 2670519 39.98 554,008 22,149,239.84
0.28 IDXX IDEXX LABORATORIES INC 2459202 465.28 46,134 21,465,227.52
0.28 PCAR PACCAR INC 2665861 73.33 291,293 21,360,515.69
0.26 SGEN SEAGEN INC BLPK4D2 195.19 103,719 20,244,911.61
0.26 ROST ROSS STORES INC 2746711 103.10 191,469 19,740,453.90
0.26 XEL XCEL ENERGY INC 2614807 63.95 306,216 19,582,513.20
0.25 EA ELECTRONIC ARTS INC 2310194 127.02 153,118 19,449,048.36
0.25 VRSK VERISK ANALYTICS INC B4P9W92 223.13 86,168 19,226,665.84
0.25 ODFL OLD DOMINION FREIGHT LINE 2656423 313.20 60,940 19,086,408.00
0.25 CRWD CROWDSTRIKE HO-A BJJP138 154.08 121,710 18,753,076.80
0.24 CSGP COSTAR GROUP INC 2262864 82.00 226,334 18,559,388.00
0.24 ILMN ILLUMINA INC 2613990 210.56 87,963 18,521,489.28
0.23 FAST FASTENAL CO 2332262 55.29 317,665 17,563,697.85
0.23 CTSH COGNIZANT TECH-A 2257019 61.30 283,984 17,408,219.20
0.22 GFS GLOBALFOUNDRIES INC BMW7F63 56.63 303,512 17,187,884.56
0.21 BKR BAKER HUGHES CO BDHLTQ5 29.67 551,110 16,351,433.70
0.21 DDOG DATADOG INC - CLASS A BKT9Y49 100.35 160,388 16,094,935.80
0.21 DLTR DOLLAR TREE INC 2272476 130.24 123,323 16,061,587.52
0.20 CEG CONSTELLATION ENERGY BMH4FS1 87.51 177,937 15,571,266.91
0.20 ANSS ANSYS INC 2045623 326.02 47,323 15,428,244.46
0.20 WBD WARNER BROS DISCOVERY INC BM8JYX3 11.63 1,325,446 15,414,936.98
0.20 TEAM ATLASSIAN CORP -CLASS A BQ1PC76 183.27 81,538 14,943,469.26
0.19 WBA WALGREENS BOOTS BTN1Y44 31.25 469,728 14,679,000.00
0.18 ENPH ENPHASE ENERGY INC B65SQW4 182.73 74,315 13,579,579.95
0.17 EBAY EBAY INC 2293819 45.29 291,874 13,218,973.46
0.17 FANG DIAMONDBACK ENERGY INC B7Y8YR3 130.32 99,462 12,961,887.84
0.17 ALGN ALIGN TECHNOLOGY INC 2679204 305.15 41,613 12,698,206.95
0.15 ZS ZSCALER INC BZ00V34 148.05 78,054 11,555,894.70
0.13 CASH 1.00 9,859,181 9,859,181.14
0.12 ZM ZOOM VIDEO COM-A BGSP7M9 69.02 132,461 9,142,458.22
0.12 JD JD.COM INC-ADR BMM27D9 36.29 248,724 9,026,193.96
0.10 SIRI SIRIUS XM HOLDINGS INC BGLDK10 3.60 2,088,956 7,520,241.60
0.09 RIVN RIVIAN AUTOMOTIVE INC-A BL98841 14.34 491,707 7,051,078.38
0.08 LCID LUCID GROUP INC BP0TR77 6.59 981,762 6,469,811.58
-5.49 NDX US 06/16/23 C13850 75,860.00 -5,542 -420,416,120.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 06/02/23

Return on Equity 24.10%
Weighted Avg. Market Cap 1,136,170 M
2022 2023
Price-to-earnings 30.05 27.82
Price-to-book value 7.33 6.16

Source: AltaVista Research, LLC

ETF Risk Stats As of 05/31/23

Versus Beta
S&P 500 0.70
NASDAQ-100 0.56
MSCI EAFE 0.61
MSCI Emg. Mkts 0.44
Standard Deviation 14.50%

Source: AltaVista Research, LLC

ETF Research

View More Related Research

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.

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