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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 01/24/25

Inception Date 09/18/20
Total Expense Ratio 0.35%
Net Assets $107.43 million
NAV $28.80
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 01/23/25

Ticker QYLG
Bloomberg Index Ticker BXNH
CUSIP 37954Y269
ISIN US37954Y2697
Primary Exchange Nasdaq
Shares Outstanding 3,730,000
Number of Holdings 102
30-Day Median Bid-Ask Spread 0.32%

Distributions As of 01/24/25

30-Day SEC Yield 0.56%
Trailing 12-Month Distribution (%) 1 22.88%
Distribution Rate 2 6.51%
Distribution Frequency Monthly

1The distribution as a percentage an investor would have received if they had held the fund over the last twelve months, assuming the most recent NAV. The Trailing 12-Month Distribution (%) is calculated by summing any income, capital gains and return of capital distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the same period. The distribution is estimated to include a return of capital. For information on the breakdown of the distributions, please see the “19a Notice” here. These do not imply rates for any future distributions.

2The annual rate an investor would receive if the most recent fund distribution remained the same going forward. The rate represents a single distribution from the fund and does not represent total return of the fund. The distribution rate is calculated by annualizing the most recent distribution and dividing by the most recent fund NAV. The distribution is estimated to include a return of capital. For information on the breakdown of the distributions, please see the “19a Notice” here. These do not imply rates for any future distributions.

ETF Prices As of 01/24/25

NAV $28.80 Daily Change -$0.10 -0.35%
Market Price $28.84 Daily Change -$0.04 -0.14%

Performance History

As of recent month & quarter-end (12/31/24)
As of recent month & quarter-end (12/31/24)
Fund NAV Market Price Index
1 Year 22.31% 22.22% 23.02%
3 Years 7.61% 7.61% 8.24%
Since Inception 13.16% 13.19% 13.82%
1 Year 22.31% 22.22% 23.02%
3 Years 7.61% 7.61% 8.24%
Since Inception 13.16% 13.19% 13.82%
Year-to-Date 22.31% 22.22% 23.02%
1 Month 1.14% 1.36% 1.16%
3 Months 4.91% 4.88% 5.01%
Since Inception 69.94% 70.08% 74.17%
Year-to-Date 22.31% 22.22% 23.02%
1 Month 1.14% 1.36% 1.16%
3 Months 4.91% 4.88% 5.01%
Since Inception 69.94% 70.08% 74.17%

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 01/24/25

Nasdaq 100 Price 21,774.01

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short NASDAQ Call Option -$54,435,029 21450 0.00% 02/21/2025 28

Top Holdings As of 01/24/25

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
8.82 NVDA NVIDIA CORP 2379504 142.62 66,455 9,477,812.10
8.51 AAPL APPLE INC 2046251 222.78 41,020 9,138,435.60
8.35 MSFT MICROSOFT CORP 2588173 444.06 20,192 8,966,459.52
6.25 AMZN AMAZON.COM INC 2000019 234.85 28,575 6,710,838.75
4.78 AVGO BROADCOM INC BDZ78H9 244.70 20,963 5,129,646.10
3.73 TSLA TESLA INC B616C79 406.58 9,850 4,004,813.00
3.57 META META PLATFORMS INC B7TL820 647.49 5,927 3,837,673.23
2.96 GOOGL ALPHABET INC-CL A BYVY8G0 200.21 15,888 3,180,936.48
2.83 GOOG ALPHABET INC-CL C BYY88Y7 201.90 15,033 3,035,162.70
2.61 NFLX NETFLIX INC 2857817 977.59 2,865 2,800,795.35
2.59 COST COSTCO WHOLESALE CORP 2701271 939.68 2,964 2,785,211.52
1.57 TMUS T-MOBILE US INC B94Q9V0 218.57 7,734 1,690,420.38
1.54 CSCO CISCO SYSTEMS INC 2198163 62.23 26,517 1,650,152.91
1.31 LIN LINDE PLC BNZHB81 439.25 3,193 1,402,525.25
1.29 ISRG INTUITIVE SURGICAL INC 2871301 584.05 2,370 1,384,198.50
1.27 PEP PEPSICO INC 2681511 149.12 9,140 1,362,956.80
1.24 AMD ADVANCED MICRO DEVICES 2007849 122.84 10,870 1,335,270.80
1.20 ADBE ADOBE INC 2008154 435.38 2,954 1,286,112.52
1.19 QCOM QUALCOMM INC 2714923 172.11 7,445 1,281,358.95
1.07 PLTR PALANTIR TECHN-A BN78DQ4 78.98 14,603 1,153,344.94
1.05 TXN TEXAS INSTRUMENTS INC 2885409 185.52 6,096 1,130,929.92
1.04 INTU INTUIT INC 2459020 597.95 1,874 1,120,558.30
1.02 BKNG BOOKING HOLDINGS INC BDRXDB4 4,764.89 229 1,091,159.81
0.96 AMAT APPLIED MATERIALS INC 2046552 186.75 5,528 1,032,354.00
0.93 AMGN AMGEN INC 2023607 275.42 3,614 995,367.88
0.90 HON HONEYWELL INTL 2020459 221.51 4,368 967,555.68
0.90 CMCSA COMCAST CORP-CLASS A 2044545 37.62 25,561 961,604.82
0.77 PANW PALO ALTO NETWORKS INC B87ZMX0 187.70 4,401 826,067.70
0.75 ADP AUTOMATIC DATA PROCESSING 2065308 297.10 2,714 806,329.40
0.72 GILD GILEAD SCIENCES INC 2369174 93.07 8,326 774,900.82
0.72 MU MICRON TECHNOLOGY INC 2588184 103.19 7,452 768,971.88
0.71 VRTX VERTEX PHARM 2931034 439.62 1,738 764,059.56
0.70 SBUX STARBUCKS CORP 2842255 98.81 7,571 748,090.51
0.68 CEG CONSTELLATION ENERGY BMH4FS1 347.44 2,105 731,361.20
0.67 ADI ANALOG DEVICES INC 2032067 217.37 3,324 722,537.88
0.67 MRVL MARVELL TECHNOLOGY INC BNKJSM5 124.02 5,812 720,804.24
0.67 APP APPLOVIN CORP-CLASS A BMV3LG4 363.10 1,983 720,027.30
0.64 LRCX LAM RESEARCH CORP BSML4N7 79.68 8,601 685,327.68
0.61 KLAC KLA CORP 2480138 749.82 878 658,341.96
0.59 MELI MERCADOLIBRE INC B23X1H3 1,843.45 343 632,303.35
0.56 INTC INTEL CORP 2463247 20.83 28,840 600,737.20
0.56 PYPL PAYPAL HOLDINGS INC BYW36M8 89.11 6,703 597,304.33
0.55 CDNS CADENCE DESIGN SYS INC 2302232 320.48 1,836 588,401.28
0.54 CRWD CROWDSTRIKE HO-A BJJP138 374.92 1,555 583,000.60
0.53 SNPS SYNOPSYS INC 2867719 546.19 1,036 565,852.84
0.53 CASH 1.00 565,489 565,489.08
0.49 CTAS CINTAS CORP 2197137 197.39 2,685 529,992.15
0.49 MSTR MICROSTRATEGY INC-CL A 2974329 353.67 1,497 529,443.99
0.49 MAR MARRIOTT INTL-A 2210614 284.11 1,858 527,876.38
0.48 MDLZ MONDELEZ INTER-A B8CKK03 57.42 8,937 513,162.54
0.46 FTNT FORTINET INC B5B2106 96.90 5,130 497,097.00
0.46 PDD PDD HOLDINGS INC BYVW0F7 111.34 4,460 496,576.40
0.46 REGN REGENERON PHARMACEUTICALS 2730190 675.79 725 489,947.75
0.45 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,254.00 384 481,536.00
0.44 DASH DOORDASH INC - A BN13P03 183.32 2,598 476,265.36
0.41 ASML ASML HOLDING-NY B908F01 732.25 601 440,082.25
0.40 ADSK AUTODESK INC 2065159 300.83 1,441 433,496.03
0.39 CSX CSX CORP 2160753 32.69 12,888 421,308.72
0.36 PCAR PACCAR INC 2665861 109.90 3,480 382,452.00
0.36 ROP ROPER TECHNOLOGIES INC 2749602 531.37 718 381,523.66
0.35 CPRT COPART INC 2208073 57.70 6,415 370,145.50
0.34 WDAY WORKDAY INC-CLASS A B8K6ZD1 258.28 1,428 368,823.84
0.34 ABNB AIRBNB INC-CLASS A BMGYYH4 127.09 2,897 368,179.73
0.34 NXPI NXP SEMICONDUCTORS NV B505PN7 213.43 1,713 365,605.59
0.34 TTD TRADE DESK INC-A BD8FDD1 119.96 2,996 359,400.16
0.33 CHTR CHARTER COMMUN-A BZ6VT82 367.58 966 355,082.28
0.33 AEP AMERICAN ELECTRIC POWER 2026242 98.18 3,567 350,208.06
0.32 PAYX PAYCHEX INC 2674458 146.11 2,380 347,741.80
0.31 FANG DIAMONDBACK ENERGY INC B7Y8YR3 173.26 1,935 335,258.10
0.31 ROST ROSS STORES INC 2746711 149.28 2,213 330,356.64
0.29 MNST MONSTER BEVERAGE CORP BZ07BW4 48.28 6,464 312,081.92
0.29 LULU LULULEMON ATHLETICA INC B23FN39 400.03 779 311,623.37
0.28 AXON AXON ENTERPRISE INC BDT5S35 610.32 493 300,887.76
0.28 BKR BAKER HUGHES CO BDHLTQ5 45.55 6,594 300,356.70
0.28 DDOG DATADOG INC - CLASS A BKT9Y49 140.99 2,102 296,360.98
0.27 FAST FASTENAL CO 2332262 75.53 3,801 287,089.53
0.27 TEAM ATLASSIAN CORP-CL A BQ1PC76 264.81 1,079 285,729.99
0.26 KDP KEURIG DR PEPPER INC BD3W133 31.15 9,018 280,910.70
0.25 ODFL OLD DOMINION FREIGHT LINE 2656423 190.81 1,427 272,285.87
0.25 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 88.67 3,029 268,581.43
0.25 VRSK VERISK ANALYTICS INC B4P9W92 278.93 958 267,214.94
0.25 AZN ASTRAZENECA PLC-SPONS ADR 2989044 69.06 3,855 266,226.30
0.25 CTSH COGNIZANT TECH-A 2257019 80.05 3,303 264,405.15
0.25 EXC EXELON CORP 2670519 39.38 6,680 263,058.40
0.24 XEL XCEL ENERGY INC 2614807 66.61 3,807 253,584.27
0.22 KHC KRAFT HEINZ CO/THE BYRY499 29.31 8,052 236,004.12
0.22 CCEP COCA-COLA EUROPA BYQQ3P5 76.78 3,049 234,102.22
0.21 DXCM DEXCOM INC B0796X4 88.75 2,592 230,040.00
0.21 IDXX IDEXX LABORATORIES INC 2459202 435.33 525 228,548.25
0.20 TTWO TAKE-TWO INTERAC 2122117 185.49 1,160 215,168.40
0.19 ANSS ANSYS INC 2045623 357.37 579 206,917.23
0.19 EA ELECTRONIC ARTS INC 2310194 116.56 1,757 204,795.92
0.19 MCHP MICROCHIP TECHNOLOGY INC 2592174 56.39 3,579 201,819.81
0.19 CSGP COSTAR GROUP INC 2262864 74.16 2,704 200,528.64
0.19 ZS ZSCALER INC BZ00V34 193.47 1,027 198,693.69
0.16 CDW CDW CORP/DE BBM5MD6 195.13 865 168,787.45
0.16 WBD WARNER BROS DISCOVERY INC BM8JYX3 10.25 16,242 166,480.50
0.14 ON ON SEMICONDUCTOR 2583576 54.50 2,837 154,616.50
0.14 GFS GLOBALFOUNDRIES INC BMW7F63 41.67 3,659 152,470.53
0.13 BIIB BIOGEN INC 2455965 146.20 978 142,983.60
0.13 ARM ARM HOLDINGS PLC-ADR BNSP5P7 162.52 829 134,729.08
0.12 MDB MONGODB INC BF2FJ99 261.86 473 123,859.78
-0.54 OTHER PAYABLE & RECEIVABLES 1.00 -576,750 -576,750.13
-1.45 NDX US 02/21/25 C21450 62,160.00 -25 -1,554,000.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 12/31/24

Sector Weight (%)
Information Technology 51.6
Communication Services 14.8
Consumer Discretionary 14.7
Consumer Staples 5.5
Health Care 5.0
Industrials 4.8
Materials 1.3
Utilities 1.2
Energy 0.6
Financials 0.6

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Semiconductors & Semiconductor Equipment 22.3
Software & Services 17.9
Media & Entertainment 13.2
Technology Hardware & Equipment 11.4
Consumer Discretionary Distribution & Retail 7.7
Automobiles & Components 3.8
Pharmaceuticals, Biotechnology & Life Sciences 3.2
Consumer Services 3.0
Food, Beverage & Tobacco 2.9
Consumer Staples Distribution & Retail 2.6
Commercial & Professional Services 2.3
Other 9.7

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 01/24/25

Return on Equity 22.00%
Weighted Avg. Market Cap 1,473,560 M
2023 2024
Price-to-earnings 31.40 27.64
Price-to-book value 6.63 5.61

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 12/31/24

Versus Beta
S&P 500 0.94
NASDAQ-100 0.76
MSCI EAFE 0.80
MSCI Emg. Mkts 0.64
Standard Deviation 19.20%

Source: new windowAltaVista Research, LLC

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ETF Documents

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.