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 has made monthly distributions 3 years running.

Key Information As of 09/10/24

Inception Date 09/18/20
Total Expense Ratio 0.35%
Net Assets $100.67 million
NAV $30.69
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 09/10/24

Ticker QYLG
Bloomberg Index Ticker BXNH
CUSIP 37954Y269
ISIN US37954Y2697
Primary Exchange Nasdaq
Shares Outstanding 3,280,000
Number of Holdings 102
30-Day Median Bid-Ask Spread 0.36%

Distributions As of 09/10/24

30-Day SEC Yield 0.46%
12-Month Trailing Yield 6.02%
Distribution Yield 8.10%
Distribution Frequency Monthly

ETF Prices As of 09/10/24

NAV $30.69 Daily Change $0.26 0.85%
Market Price $30.69 Daily Change $0.21 0.69%

Performance History

As of recent
(06/30/24)
As of recent
(06/30/24)
Fund NAV Market Price Index
1 Year 21.01% 21.06% 21.71%
3 Years 7.74% 7.73% 8.40%
Since Inception 12.56% 12.55% 13.22%
1 Year 21.14% 20.90% 21.78%
3 Years 6.27% 6.21% 6.87%
Since Inception 12.38% 12.33% 13.03%
Year-to-Date 12.63% 12.40% 12.98%
1 Month 4.02% 4.16% 4.13%
3 Months 4.74% 4.44% 4.88%
Since Inception 56.48% 56.41% 59.96%
Year-to-Date 14.17% 13.79% 14.62%
1 Month 1.97% 1.74% 2.04%
3 Months 5.44% 5.45% 5.64%
Since Inception 58.62% 58.35% 62.27%

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.

Options Details As of 09/10/24

Nasdaq 100 Price 18,829.14

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short NASDAQ Call Option -$48,955,755 19450 3.30% 09/20/2024 10

Top Holdings As of 09/10/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
9.17 AAPL APPLE INC 2046251 220.11 41,936 9,230,532.96
8.36 MSFT MICROSOFT CORP 2588173 414.20 20,326 8,419,029.20
7.22 NVDA NVIDIA CORP 2379504 108.10 67,272 7,272,103.20
5.08 AMZN AMAZON.COM INC 2000019 179.55 28,463 5,110,531.65
4.82 AVGO BROADCOM INC BDZ78H9 148.21 32,737 4,851,950.77
4.78 META META PLATFORMS INC B7TL820 504.79 9,535 4,813,172.65
2.97 TSLA TESLA INC B616C79 226.17 13,205 2,986,574.85
2.78 COST COSTCO WHOLESALE CORP 2701271 894.29 3,128 2,797,339.12
2.37 GOOGL ALPHABET INC-CL A BYVY8G0 148.66 16,069 2,388,817.54
2.29 GOOG ALPHABET INC-CL C BYY88Y7 150.01 15,366 2,305,053.66
2.04 NFLX NETFLIX INC 2857817 673.62 3,045 2,051,172.90
1.81 ADBE ADOBE INC 2008154 574.48 3,166 1,818,803.68
1.71 PEP PEPSICO INC 2681511 177.81 9,680 1,721,200.80
1.62 AMD ADVANCED MICRO DEVICES 2007849 142.84 11,423 1,631,661.32
1.62 TMUS T-MOBILE US INC B94Q9V0 196.50 8,282 1,627,413.00
1.56 LIN LINDE PLC BNZHB81 463.72 3,389 1,571,547.08
1.38 CSCO CISCO SYSTEMS INC 2198163 48.79 28,363 1,383,830.77
1.27 TXN TEXAS INSTRUMENTS INC 2885409 199.80 6,420 1,282,716.00
1.27 QCOM QUALCOMM INC 2714923 161.68 7,888 1,275,331.84
1.24 INTU INTUIT INC 2459020 633.62 1,968 1,246,964.16
1.24 AMGN AMGEN INC 2023607 328.93 3,787 1,245,657.91
1.21 ISRG INTUITIVE SURGICAL INC 2871301 484.24 2,507 1,213,989.68
1.07 CMCSA COMCAST CORP-CLASS A 2044545 39.14 27,565 1,078,894.10
1.03 AMAT APPLIED MATERIALS INC 2046552 178.05 5,823 1,036,785.15
0.92 HON HONEYWELL INTL 2020459 200.95 4,587 921,757.65
0.91 BKNG BOOKING HOLDINGS INC BDRXDB4 3,834.82 240 920,356.80
0.87 REGN REGENERON PHARMACEUTICALS 2730190 1,136.35 771 876,125.85
0.85 VRTX VERTEX PHARM 2931034 470.78 1,825 859,173.50
0.80 ADP AUTOMATIC DATA PROCESSING 2065308 279.26 2,895 808,457.70
0.79 PANW PALO ALTO NETWORKS INC B87ZMX0 347.58 2,290 795,958.20
0.76 ADI ANALOG DEVICES INC 2032067 218.72 3,509 767,488.48
0.74 SBUX STARBUCKS CORP 2842255 93.34 8,011 747,746.74
0.72 MELI MERCADOLIBRE INC B23X1H3 2,017.58 359 724,311.22
0.71 GILD GILEAD SCIENCES INC 2369174 81.44 8,813 717,730.72
0.71 MDLZ MONDELEZ INTER-A B8CKK03 75.13 9,470 711,481.10
0.68 MU MICRON TECHNOLOGY INC 2588184 86.85 7,831 680,122.35
0.67 LRCX LAM RESEARCH CORP 2502247 731.56 925 676,693.00
0.67 KLAC KLA CORP 2480138 713.46 948 676,360.08
0.58 CTAS CINTAS CORP 2197137 816.42 710 579,658.20
0.57 INTC INTEL CORP 2463247 18.98 30,001 569,418.98
0.51 PYPL PAYPAL HOLDINGS INC BYW36M8 68.85 7,403 509,696.55
0.50 SNPS SYNOPSYS INC 2867719 465.50 1,073 499,481.50
0.49 CDNS CADENCE DESIGN SYS INC 2302232 255.85 1,926 492,767.10
0.48 ASML ASML HOLDING-NY B908F01 751.38 644 483,888.72
0.47 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,129.43 416 469,842.88
0.46 CSX CSX CORP 2160753 33.51 13,838 463,711.38
0.45 MAR MARRIOTT INTL-A 2210614 225.67 2,022 456,304.74
0.44 PDD PDD HOLDINGS INC BYVW0F7 93.06 4,724 439,615.44
0.44 MRVL MARVELL TECHNOLOGY INC BNKJSM5 71.60 6,129 438,836.40
0.41 ROP ROPER TECHNOLOGIES INC 2749602 552.33 750 414,247.50
0.41 FTNT FORTINET INC B5B2106 76.07 5,409 411,462.63
0.41 NXPI NXP SEMICONDUCTORS NV B505PN7 225.19 1,820 409,845.80
0.40 CRWD CROWDSTRIKE HO-A BJJP138 247.74 1,633 404,559.42
0.40 CEG CONSTELLATION ENERGY BMH4FS1 180.25 2,232 402,318.00
0.39 ADSK AUTODESK INC 2065159 257.61 1,526 393,112.86
0.38 AEP AMERICAN ELECTRIC POWER 2026242 103.23 3,734 385,460.82
0.38 WDAY WORKDAY INC-CLASS A B8K6ZD1 255.58 1,502 383,881.16
0.36 MNST MONSTER BEVERAGE CORP BZ07BW4 50.33 7,247 364,741.51
0.36 ROST ROSS STORES INC 2746711 150.79 2,375 358,126.25
0.36 KDP KEURIG DR PEPPER INC BD3W133 37.20 9,603 357,231.60
0.35 ABNB AIRBNB INC-CLASS A BMGYYH4 115.12 3,081 354,684.72
0.34 PCAR PACCAR INC 2665861 94.57 3,649 345,085.93
0.34 PAYX PAYCHEX INC 2674458 134.12 2,551 342,140.12
0.34 DASH DOORDASH INC - A BN13P03 125.81 2,704 340,190.24
0.34 CPRT COPART INC 2208073 49.51 6,817 337,509.67
0.33 CHTR CHARTER COMMUN-A BZ6VT82 323.39 1,020 329,857.80
0.33 AZN ASTRAZENECA PLC-SPONS ADR 2989044 81.16 4,054 329,022.64
0.31 TTD TRADE DESK INC-A BD8FDD1 99.71 3,155 314,585.05
0.30 KHC KRAFT HEINZ CO/THE BYRY499 35.52 8,426 299,291.52
0.29 ODFL OLD DOMINION FREIGHT LINE 2656423 191.16 1,539 294,195.24
0.29 IDXX IDEXX LABORATORIES INC 2459202 495.95 585 290,130.75
0.28 MCHP MICROCHIP TECHNOLOGY INC 2592174 75.19 3,728 280,308.32
0.28 VRSK VERISK ANALYTICS INC B4P9W92 273.60 1,012 276,883.20
0.27 FAST FASTENAL CO 2332262 68.67 3,977 273,100.59
0.27 EXC EXELON CORP 2670519 39.05 6,957 271,670.85
0.27 EA ELECTRONIC ARTS INC 2310194 143.80 1,888 271,494.40
0.27 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 85.55 3,163 270,594.65
0.26 CTSH COGNIZANT TECH-A 2257019 76.55 3,447 263,867.85
0.25 CCEP COCA-COLA EUROPA BYQQ3P5 79.66 3,181 253,398.46
0.24 XEL XCEL ENERGY INC 2614807 63.84 3,851 245,847.84
0.24 DDOG DATADOG INC - CLASS A BKT9Y49 108.12 2,188 236,566.56
0.23 BKR BAKER HUGHES CO BDHLTQ5 33.17 6,948 230,465.16
0.22 CSGP COSTAR GROUP INC 2262864 79.20 2,825 223,740.00
0.21 FANG DIAMONDBACK ENERGY INC B7Y8YR3 171.49 1,236 211,961.64
0.21 LULU LULULEMON ATHLETICA INC B23FN39 247.18 857 211,833.26
0.21 MRNA MODERNA INC BGSXTS3 79.28 2,666 211,360.48
0.20 ON ON SEMICONDUCTOR 2583576 68.23 2,987 203,803.01
0.20 BIIB BIOGEN INC 2455965 200.64 1,012 203,047.68
0.20 CDW CDW CORP/DE BBM5MD6 215.86 929 200,533.94
0.19 DXCM DEXCOM INC B0796X4 68.55 2,748 188,375.40
0.18 ANSS ANSYS INC 2045623 308.92 601 185,660.92
0.18 TTWO TAKE-TWO INTERAC 2122117 154.85 1,178 182,413.30
0.18 TEAM ATLASSIAN CORP-CL A BQ1PC76 162.25 1,111 180,259.75
0.17 SMCI SUPER MICRO COMPUTER INC B1VQR35 412.72 422 174,167.84
0.16 ZS ZSCALER INC BZ00V34 155.90 1,041 162,291.90
0.15 GFS GLOBALFOUNDRIES INC BMW7F63 39.99 3,820 152,761.80
0.15 MDB MONGODB INC BF2FJ99 291.49 522 152,157.78
0.14 ILMN ILLUMINA INC 2613990 124.13 1,108 137,536.04
0.12 WBD WARNER BROS DISCOVERY INC BM8JYX3 7.02 16,928 118,834.56
0.10 ARM ARM HOLDINGS PLC-ADR BNSP5P7 127.22 803 102,157.66
0.10 DLTR DOLLAR TREE INC 2272476 65.39 1,504 98,346.56
0.07 CASH 1.00 70,851 70,850.93
0.06 OTHER PAYABLE & RECEIVABLES 1.00 60,925 60,924.78
-0.15 NDX US 09/20/24 C19450 5,745.00 -26 -149,370.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 08/31/24

Sector Weight (%)
Information Technology 50.9
Communication Services 15.6
Consumer Discretionary 12.5
Health Care 6.4
Consumer Staples 6.2
Industrials 4.7
Materials 1.6
Utilities 1.3
Financials 0.5
Energy 0.5

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Semiconductors & Semiconductor Equipment 24.0
Software & Services 16.0
Media & Entertainment 13.7
Technology Hardware & Equipment 10.9
Consumer Discretionary Distribution & Retail 6.8
Pharmaceuticals, Biotechnology & Life Sciences 4.5
Food, Beverage & Tobacco 3.4
Consumer Staples Distribution & Retail 2.8
Consumer Services 2.8
Automobiles & Components 2.7
Commercial & Professional Services 2.5
Other 9.9

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 09/10/24

Return on Equity 22.20%
Weighted Avg. Market Cap 1,034,890 M
2023 2024
Price-to-earnings 33.16 28.97
Price-to-book value 7.05 5.93

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 08/31/24

Versus Beta
S&P 500 0.89
NASDAQ-100 0.76
MSCI EAFE 0.73
MSCI Emg. Mkts 0.62
Standard Deviation 17.50%

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.