Nasdaq 100 Covered Call & Growth ETF

Reasons to Consider QYLG

High Income Potential

QYLG seeks to generate income by writing covered calls on the underlying index.

Upside Potential

By writing calls on 50% of the portfolio, the strategy allows investors to capture half the upside potential of the underlying index.

Monthly Distributions

QYLG has made monthly distributions 3 years running.

Key Information As of 04/19/24

Inception Date 09/18/20
Total Expense Ratio 0.35%
Net Assets $111.85 million
NAV $28.98
Fact Sheet View the document

ETF Summary

The Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) 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 approximately 50% of the value of the portfolio of stocks in the same index.

ETF Objective

The Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe Nasdaq-100 Half BuyWrite V2 Index.

Trading Details As of 04/18/24

Ticker QYLG
Bloomberg Index Ticker BXNH
CUSIP 37954Y269
ISIN US37954Y2697
Primary Exchange Nasdaq
Shares Outstanding 3,860,000
Number of Holdings 0
30-Day Median Bid-Ask Spread 0.36%

Distributions As of 04/19/24

30-Day SEC Yield 0.25%
12-Month Trailing Yield 5.89%
Distribution Yield 6.58%
Distribution Frequency Monthly

ETF Prices As of 04/19/24

NAV $28.98 Daily Change -$0.57 -1.93%
Market Price $28.96 Daily Change -$0.65 -2.20%

Performance History

As of recent month & quarter-end (03/31/24)
As of recent month & quarter-end (03/31/24)
Fund NAV Market Price Index
1 Year 28.24% 28.42% 28.90%
3 Years 8.50% 8.49% 9.13%
Since Inception 12.03% 12.11% 12.69%
1 Year 28.24% 28.42% 28.90%
3 Years 8.50% 8.49% 9.13%
Since Inception 12.03% 12.11% 12.69%
Year-to-Date 7.52% 7.62% 7.73%
1 Month 1.28% 1.75% 1.33%
3 Months 7.52% 7.62% 7.73%
Since Inception 49.39% 49.77% 52.52%
Year-to-Date 7.52% 7.62% 7.73%
1 Month 1.28% 1.75% 1.33%
3 Months 7.52% 7.62% 7.73%
Since Inception 49.39% 49.77% 52.52%

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 04/18/24

Nasdaq 100 Price 17,394.30

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short NASDAQ Call Option -$55,661,806 17900 2.91% 04/19/2024 1

Top Holdings

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 03/31/24

Sector Weight (%)
Information Technology 51.2
Communication Services 15.5
Consumer Discretionary 13.1
Health Care 6.2
Consumer Staples 6.1
Industrials 4.0
Materials 1.6
Utilities 1.3
Energy 0.5
Financials 0.5

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Semiconductors 19.2
Packaged Software 15.8
Internet Software/Services 13.4
Telecommunications Equipment 8.9
Internet Retail 6.0
Biotechnology 4.0
Specialty Stores 2.8
Beverages: Non-Alcoholic 2.7
Information Technology Services 2.4
Motor Vehicles 2.3
Other Consumer Services 1.9
Other 20.6

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 04/18/24

Return on Equity 23.50%
Weighted Avg. Market Cap 1,035,290 M
2023 2024
Price-to-earnings 30.20 25.98
Price-to-book value 6.72 5.59

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 03/31/24

Versus Beta
S&P 500 0.89
NASDAQ-100 0.76
MSCI Emg. Mkts 0.58
Standard Deviation 17.40%

Source: new windowAltaVista Research, LLC

ETF Research

Investing involves risk, including the possible loss of principal. Concentration in a particular industry or sector will subject QYLG to loss due to adverse occurrences that may affect that industry or sector. Investors in QYLG should be willing to accept a high degree of volatility in the price of the fund’s shares and the possibility of significant losses.

QYLG 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. QYLG 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. QYLG 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. The 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, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Since the Fund’s shares did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in Shares, the NAV of the Fund is used to calculate market returns.

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.