QYLG


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 makes distributions on a monthly basis.

Key Information As of 09/29/22

Inception Date 09/18/20
Total Expense Ratio 0.60%
Net Assets $58.75 million
NAV $22.34
Fact Sheet

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 09/29/22

Ticker QYLG
Bloomberg Index Ticker BXNH
CUSIP 37954Y269
ISIN US37954Y2697
Primary Exchange Nasdaq
Shares Outstanding 2,630,000
Number of Holdings 104
30-Day Median Bid-Ask Spread 0.36%

Distributions As of 09/29/22

30-Day SEC Yield 0.28%
12-Month Trailing Yield 13.70%
Distribution Yield 6.44%
Distribution Frequency Monthly

ETF Prices As of 09/29/22

NAV $22.34 Daily Change -$0.54 -2.37%
Market Price $22.32 Daily Change -$0.58 -2.52%

Performance History

As of recent
(06/30/22)
As of recent
(06/30/22)
Fund NAV Market Price Index
1 Year -16.35% -15.79% -15.84%
Since Inception 2.59% 2.97% 3.15%
1 Year -18.20% -18.21% -17.81%
Since Inception 4.09% 4.08% 4.65%
Year-to-Date -23.25% -22.80% -23.06%
1 Month -5.59% -5.14% -5.56%
3 Months -18.31% -18.10% -18.19%
Since Inception 4.66% 5.35% 5.68%
Year-to-Date -20.70% -20.78% -20.45%
1 Month -5.57% -5.57% -5.57%
3 Months -2.45% -2.65% -2.35%
Since Inception 8.13% 8.12% 9.27%

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 09/29/22

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
13.57 AAPL APPLE INC 2046251 142.48 55,933 7,969,333.84
10.49 MSFT MICROSOFT CORP 2588173 237.50 25,956 6,164,550.00
6.93 AMZN AMAZON.COM INC 2000019 114.80 35,454 4,070,119.20
4.94 TSLA TESLA INC B616C79 268.21 10,816 2,900,959.36
3.57 GOOG ALPHABET INC-CL C BYY88Y7 98.09 21,371 2,096,281.39
3.46 GOOGL ALPHABET INC-CL A BYVY8G0 97.42 20,864 2,032,570.88
2.76 META META PLATFORMS INC B7TL820 136.41 11,882 1,620,823.62
2.54 NVDA NVIDIA CORP 2379504 122.20 12,192 1,489,862.40
2.26 PEP PEPSICO INC 2681511 166.61 7,965 1,327,048.65
2.09 COST COSTCO WHOLESALE CORP 2701271 478.98 2,557 1,224,751.86
1.79 AVGO BROADCOM INC BDZ78H9 450.13 2,337 1,051,953.81
1.66 TMUS T-MOBILE US INC B94Q9V0 134.64 7,237 974,389.68
1.65 CSCO CISCO SYSTEMS INC 2198163 40.57 23,898 969,541.86
1.42 TXN TEXAS INSTRUMENTS INC 2885409 158.45 5,273 835,506.85
1.31 CMCSA COMCAST CORP-CLASS A 2044545 30.43 25,273 769,057.39
1.27 QCOM QUALCOMM INC 2714923 114.84 6,480 744,163.20
1.27 ADBE ADOBE INC 2008154 278.25 2,672 743,484.00
1.20 AMGN AMGEN INC 2023607 228.41 3,086 704,873.26
1.11 HON HONEYWELL INTL 2020459 170.07 3,845 653,919.15
1.10 INTU INTUIT INC 2459020 396.81 1,627 645,609.87
1.06 INTC INTEL CORP 2463247 26.38 23,690 624,942.20
1.05 NFLX NETFLIX INC 2857817 239.71 2,565 614,856.15
1.02 AMD ADVANCED MICRO DEVICES 2007849 64.14 9,314 597,399.99
1.01 PYPL PAYPAL HOLDINGS INC BYW36M8 88.70 6,672 591,806.40
0.98 SBUX STARBUCKS CORP 2842255 86.57 6,619 573,006.83
0.92 ADP AUTOMATIC DATA PROCESSING 2065308 227.75 2,360 537,490.00
0.78 GILD GILEAD SCIENCES INC 2369174 63.07 7,228 455,869.96
0.75 MDLZ MONDELEZ INTER-A B8CKK03 56.67 7,814 442,819.38
0.74 VRTX VERTEX PHARM 2931034 292.80 1,479 433,051.20
0.72 REGN REGENERON PHARMACEUTICALS 2730190 691.82 613 424,085.66
0.71 ADI ANALOG DEVICES INC 2032067 141.99 2,936 416,882.64
0.71 AMAT APPLIED MATERIALS INC 2046552 84.42 4,911 414,586.62
0.65 BKNG BOOKING HOLDINGS INC BDRXDB4 1,678.92 229 384,472.68
0.65 ISRG INTUITIVE SURGICAL INC 2871301 189.06 2,025 382,846.50
0.59 FISV FISERV INC 2342034 94.85 3,648 346,012.80
0.57 CSX CSX CORP 2160753 27.19 12,272 333,675.68
0.57 ATVI ACTIVISION BLIZZARD INC 2575818 74.87 4,435 332,048.45
0.54 MU MICRON TECHNOLOGY INC 2588184 50.01 6,334 316,763.34
0.50 CHTR CHARTER COMMUN-A BZ6VT82 312.59 945 295,397.55
0.50 LRCX LAM RESEARCH CORP 2502247 370.55 790 292,734.50
0.50 KDP KEURIG DR PEPPER INC BD3W133 36.12 8,047 290,657.64
0.48 PANW PALO ALTO NETWORKS INC B87ZMX0 165.58 1,695 280,658.10
0.46 SNPS SYNOPSYS INC 2867719 309.22 881 272,422.82
0.46 MNST MONSTER BEVERAGE CORP BZ07BW4 88.01 3,036 267,198.36
0.45 MRNA MODERNA INC BGSXTS3 118.07 2,256 266,365.92
0.45 MAR MARRIOTT INTL-A 2210614 140.51 1,870 262,753.70
0.44 CDNS CADENCE DESIGN SYS INC 2302232 164.69 1,578 259,880.82
0.44 AEP AMERICAN ELECTRIC POWER 2026242 89.07 2,914 259,549.98
0.44 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 711.76 363 258,368.88
0.44 KLAC KLA CORP 2480138 310.71 822 255,403.62
0.42 ABNB AIRBNB INC-CLASS A BMGYYH4 106.66 2,300 245,318.00
0.41 MELI MERCADOLIBRE INC B23X1H3 829.68 292 242,266.56
0.40 ADSK AUTODESK INC 2065159 189.46 1,243 235,498.78
0.40 PAYX PAYCHEX INC 2674458 113.39 2,073 235,057.47
0.40 KHC KRAFT HEINZ CO/THE BYRY499 33.56 6,947 233,141.32
0.39 CTAS CINTAS CORP 2197137 389.55 588 229,055.40
0.39 NXPI NXP SEMICONDUCTORS NV B505PN7 151.01 1,513 228,478.13
0.38 BIIB BIOGEN INC 2455965 264.28 850 224,638.00
0.37 FTNT FORTINET INC B5B2106 49.63 4,387 217,726.81
0.37 EXC EXELON CORP 2670519 37.75 5,723 216,043.25
0.36 ASML ASML HOLDING-NY B908F01 427.78 496 212,178.88
0.36 LULU LULULEMON ATHLETICA INC B23FN39 300.22 705 211,655.10
0.36 MRVL MARVELL TECHNOLOGY INC BNKJSM5 42.87 4,910 210,491.70
0.35 XEL XCEL ENERGY INC 2614807 65.36 3,163 206,733.68
0.35 CRWD CROWDSTRIKE HO-A BJJP138 165.70 1,237 204,970.90
0.34 MCHP MICROCHIP TECHNOLOGY INC 2592174 61.99 3,215 199,297.85
0.33 EA ELECTRONIC ARTS INC 2310194 117.47 1,631 191,593.57
0.32 AZN ASTRAZENECA PLC-SPONS ADR 2989044 54.91 3,389 186,089.99
0.32 DXCM DEXCOM INC B0796X4 82.10 2,260 185,546.00
0.31 WDAY WORKDAY INC-CLASS A B8K6ZD1 156.26 1,157 180,792.82
0.31 DLTR DOLLAR TREE INC 2272476 136.84 1,313 179,670.92
0.31 ILMN ILLUMINA INC 2613990 193.81 927 179,661.87
0.30 CTSH COGNIZANT TECH-A 2257019 58.45 3,056 178,623.20
0.30 TEAM ATLASSIAN CORP-A BZ09BD1 212.33 834 177,083.22
0.30 PCAR PACCAR INC 2665861 84.87 2,040 173,134.80
0.29 ROST ROSS STORES INC 2746711 84.03 2,054 172,597.62
0.28 IDXX IDEXX LABORATORIES INC 2459202 331.81 493 163,582.33
0.28 VRSK VERISK ANALYTICS INC B4P9W92 173.55 938 162,789.90
0.27 WBA WALGREENS BOOTS BTN1Y44 31.55 5,053 159,422.15
0.27 PDD PINDUODUO INC-ADR BYVW0F7 60.77 2,586 157,151.22
0.27 ODFL OLD DOMINION FREIGHT LINE 2656423 254.18 618 157,083.24
0.27 FAST FASTENAL CO 2332262 46.57 3,368 156,847.76
0.26 CEG CONSTELLATION ENERGY BMH4FS1 83.04 1,858 154,288.32
0.26 JD JD.COM INC-ADR BMM27D9 51.25 2,958 151,597.50
0.26 CPRT COPART INC 2208073 109.78 1,380 151,496.40
0.25 SGEN SEAGEN INC BLPK4D2 135.70 1,073 145,606.10
0.25 DDOG DATADOG INC - CLASS A BKT9Y49 87.45 1,645 143,855.25
0.24 LCID LUCID GROUP INC BP0TR77 14.19 9,777 138,735.63
0.23 ZS ZSCALER INC BZ00V34 165.89 815 135,200.35
0.23 SIRI SIRIUS XM HOLDINGS INC BGLDK10 5.78 23,000 132,940.00
0.21 EBAY EBAY INC 2293819 37.69 3,279 123,585.51
0.21 BIDU BAIDU INC - SPON ADR B0FXT17 117.72 1,046 123,135.12
0.20 ANSS ANSYS INC 2045623 227.53 507 115,357.71
0.19 ZM ZOOM VIDEO COM-A BGSP7M9 74.47 1,482 110,364.54
0.19 VRSN VERISIGN INC 2142922 176.17 618 108,873.06
0.17 CASH 1.00 99,369 99,369.34
0.17 ALGN ALIGN TECHNOLOGY INC 2679204 211.01 463 97,697.63
0.14 SWKS SKYWORKS SOLUTIONS INC 2961053 89.26 948 84,618.48
0.14 MTCH MATCH GROUP INC BK80XH9 48.25 1,655 79,853.75
0.13 SPLK SPLUNK INC B424494 77.80 946 73,598.80
0.12 NTES NETEASE INC-ADR 2606440 75.18 930 69,917.40
0.11 DOCU DOCUSIGN INC BFYT7B7 55.20 1,171 64,639.20
0.08 OKTA OKTA INC BDFZSP1 56.80 843 47,882.40
-0.04 NQX US 10/21/22 C2350 3,050.00 -7 -21,350.00
-0.63 NDX US 10/21/22 C11750 14,800.00 -25 -370,000.00
Holdings are subject to change.

ETF Characteristics As of 09/29/22

Return on Equity 24.30%
Weighted Avg. Market Cap 903,562 M
2021 2022
Price-to-earnings 20.88 21.26
Price-to-book value 5.71 4.72

Source: AltaVista Research, LLC

ETF Risk Stats As of 08/31/22

Versus Beta
S&P 500 0.93
MSCI EAFE 0.77
MSCI Emg. Mkts 0.70
Standard Deviation 17.60%

Source: AltaVista 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.

Back to Top