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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 04/17/24

Inception Date 09/18/20
Total Expense Ratio 0.35%
Net Assets $114.69 million
NAV $29.71
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 04/17/24

Ticker QYLG
Bloomberg Index Ticker BXNH
CUSIP 37954Y269
ISIN US37954Y2697
Primary Exchange Nasdaq
Shares Outstanding 3,860,000
Number of Holdings 102
30-Day Median Bid-Ask Spread 0.36%

Distributions As of 04/17/24

30-Day SEC Yield 0.25%
12-Month Trailing Yield 5.74%
Distribution Yield 6.42%
Distribution Frequency Monthly

ETF Prices As of 04/17/24

NAV $29.71 Daily Change -$0.34 -1.13%
Market Price $29.69 Daily Change -$0.39 -1.30%

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 04/17/24

Nasdaq 100 Price 17,493.60

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short NASDAQ Call Option -$55,979,588 17900 2.32% 04/19/2024 2

Top Holdings As of 04/17/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
8.94 MSFT MICROSOFT CORP 2588173 411.84 24,884 10,248,226.56
7.58 AAPL APPLE INC 2046251 168.00 51,725 8,689,800.00
6.14 NVDA NVIDIA CORP 2379504 840.35 8,377 7,039,611.95
5.50 AMZN AMAZON.COM INC 2000019 181.28 34,789 6,306,549.92
5.05 META META PLATFORMS INC B7TL820 494.17 11,718 5,790,684.06
4.48 AVGO BROADCOM INC BDZ78H9 1,282.63 4,004 5,135,650.52
2.67 GOOGL ALPHABET INC-CL A BYVY8G0 155.47 19,730 3,067,423.10
2.60 GOOG ALPHABET INC-CL C BYY88Y7 156.88 18,985 2,978,366.80
2.39 COST COSTCO WHOLESALE CORP 2701271 715.19 3,838 2,744,899.22
2.19 TSLA TESLA INC B616C79 155.45 16,142 2,509,273.90
2.00 NFLX NETFLIX INC 2857817 613.69 3,746 2,298,882.74
1.88 AMD ADVANCED MICRO DEVICES 2007849 154.02 13,971 2,151,813.42
1.76 PEP PEPSICO INC 2681511 169.48 11,885 2,014,269.80
1.62 LIN LINDE PLC BNZHB81 446.79 4,166 1,861,327.14
1.62 ADBE ADOBE INC 2008154 474.45 3,906 1,853,201.70
1.46 CSCO CISCO SYSTEMS INC 2198163 47.79 35,007 1,672,984.53
1.43 TMUS T-MOBILE US INC B94Q9V0 160.09 10,265 1,643,323.85
1.38 QCOM QUALCOMM INC 2714923 164.32 9,647 1,585,195.04
1.29 INTU INTUIT INC 2459020 613.21 2,417 1,482,128.57
1.25 AMAT APPLIED MATERIALS INC 2046552 199.89 7,186 1,436,409.54
1.16 CMCSA COMCAST CORP-CLASS A 2044545 38.99 34,251 1,335,446.49
1.14 INTC INTEL CORP 2463247 35.68 36,550 1,304,104.00
1.14 TXN TEXAS INSTRUMENTS INC 2885409 165.70 7,854 1,301,407.80
1.07 AMGN AMGEN INC 2023607 264.07 4,631 1,222,908.17
0.99 ISRG INTUITIVE SURGICAL INC 2871301 374.17 3,046 1,139,721.82
0.98 MU MICRON TECHNOLOGY INC 2588184 116.33 9,611 1,118,047.63
0.94 HON HONEYWELL INTL 2020459 190.36 5,640 1,073,630.40
0.90 LRCX LAM RESEARCH CORP 2502247 912.26 1,133 1,033,590.58
0.90 BKNG BOOKING HOLDINGS INC BDRXDB4 3,443.91 298 1,026,285.18
0.77 VRTX VERTEX PHARM 2931034 393.10 2,248 883,688.80
0.75 ADP AUTOMATIC DATA PROCESSING 2065308 242.90 3,545 861,080.50
0.74 SBUX STARBUCKS CORP 2842255 86.21 9,774 842,616.54
0.73 REGN REGENERON PHARMACEUTICALS 2730190 901.19 929 837,205.51
0.71 ADI ANALOG DEVICES INC 2032067 189.43 4,281 810,949.83
0.67 MDLZ MONDELEZ INTER-A B8CKK03 66.51 11,626 773,245.26
0.67 KLAC KLA CORP 2480138 658.98 1,167 769,029.66
0.66 PANW PALO ALTO NETWORKS INC B87ZMX0 277.33 2,744 760,993.52
0.63 GILD GILEAD SCIENCES INC 2369174 66.93 10,849 726,123.57
0.61 SNPS SYNOPSYS INC 2867719 527.58 1,320 696,405.60
0.61 CDNS CADENCE DESIGN SYS INC 2302232 293.71 2,368 695,505.28
0.59 ASML ASML HOLDING-NY B908F01 907.61 746 677,077.06
0.58 PDD PDD HOLDINGS INC BYVW0F7 113.43 5,815 659,595.45
0.53 MELI MERCADOLIBRE INC B23X1H3 1,397.86 438 612,262.68
0.52 ABNB AIRBNB INC-CLASS A BMGYYH4 158.37 3,785 599,430.45
0.52 MAR MARRIOTT INTL-A 2210614 238.46 2,492 594,242.32
0.51 PYPL PAYPAL HOLDINGS INC BYW36M8 63.26 9,247 584,965.22
0.51 CTAS CINTAS CORP 2197137 668.51 871 582,272.21
0.51 CRWD CROWDSTRIKE HO-A BJJP138 293.69 1,980 581,506.20
0.50 CSX CSX CORP 2160753 34.16 16,909 577,611.44
0.49 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,094.80 511 559,442.80
0.46 PCAR PACCAR INC 2665861 115.93 4,523 524,351.39
0.44 CEG CONSTELLATION ENERGY BMH4FS1 185.40 2,747 509,293.80
0.44 NXPI NXP SEMICONDUCTORS NV B505PN7 226.92 2,244 509,208.48
0.43 MRVL MARVELL TECHNOLOGY INC BNKJSM5 66.48 7,454 495,541.92
0.43 MNST MONSTER BEVERAGE CORP BZ07BW4 54.25 9,045 490,691.25
0.42 ROP ROPER TECHNOLOGIES INC 2749602 526.47 924 486,458.28
0.41 WDAY WORKDAY INC-CLASS A B8K6ZD1 257.02 1,822 468,290.44
0.39 CPRT COPART INC 2208073 54.02 8,347 450,904.94
0.39 DXCM DEXCOM INC B0796X4 133.86 3,362 450,037.32
0.37 FTNT FORTINET INC B5B2106 64.66 6,629 428,631.14
0.36 DASH DOORDASH INC - A BN13P03 130.90 3,191 417,701.90
0.35 ADSK AUTODESK INC 2065159 214.92 1,849 397,387.08
0.35 MCHP MICROCHIP TECHNOLOGY INC 2592174 85.07 4,659 396,341.13
0.34 ODFL OLD DOMINION FREIGHT LINE 2656423 210.81 1,870 394,214.70
0.34 KHC KRAFT HEINZ CO/THE BYRY499 36.90 10,642 392,689.80
0.34 ROST ROSS STORES INC 2746711 132.79 2,926 388,543.54
0.33 KDP KEURIG DR PEPPER INC BD3W133 30.88 12,145 375,037.60
0.33 PAYX PAYCHEX INC 2674458 119.14 3,136 373,623.04
0.32 AEP AMERICAN ELECTRIC POWER 2026242 81.24 4,570 371,266.80
0.32 LULU LULULEMON ATHLETICA INC B23FN39 344.86 1,053 363,137.58
0.30 IDXX IDEXX LABORATORIES INC 2459202 478.24 718 343,376.32
0.30 AZN ASTRAZENECA PLC-SPONS ADR 2989044 68.53 5,000 342,650.00
0.30 MRNA MODERNA INC BGSXTS3 103.44 3,278 339,076.32
0.29 FAST FASTENAL CO 2332262 68.48 4,917 336,716.16
0.29 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 85.16 3,911 333,060.76
0.29 CHTR CHARTER COMMUN-A BZ6VT82 258.03 1,270 327,698.10
0.28 DDOG DATADOG INC - CLASS A BKT9Y49 123.55 2,625 324,318.75
0.27 EXC EXELON CORP 2670519 36.42 8,641 314,705.22
0.27 FANG DIAMONDBACK ENERGY INC B7Y8YR3 201.15 1,551 311,983.65
0.27 TTD TRADE DESK INC-A BD8FDD1 80.13 3,874 310,423.62
0.26 CSGP COSTAR GROUP INC 2262864 85.46 3,542 302,699.32
0.26 EA ELECTRONIC ARTS INC 2310194 126.31 2,313 292,155.03
0.25 CTSH COGNIZANT TECH-A 2257019 67.54 4,308 290,962.32
0.24 BKR BAKER HUGHES CO BDHLTQ5 32.02 8,728 279,470.56
0.24 VRSK VERISK ANALYTICS INC B4P9W92 222.25 1,256 279,146.00
0.24 CDW CDW CORP/DE BBM5MD6 236.78 1,163 275,375.14
0.23 TEAM ATLASSIAN CORP-CL A BQ1PC76 195.07 1,336 260,613.52
0.23 CCEP COCA-COLA EUROPA BYQQ3P5 66.35 3,907 259,229.45
0.22 XEL XCEL ENERGY INC 2614807 53.19 4,775 253,982.25
0.21 ANSS ANSYS INC 2045623 325.62 754 245,517.48
0.21 BIIB BIOGEN INC 2455965 192.16 1,254 240,968.64
0.21 ON ON SEMICONDUCTOR 2583576 64.47 3,701 238,603.47
0.20 DLTR DOLLAR TREE INC 2272476 123.75 1,888 233,640.00
0.20 GFS GLOBALFOUNDRIES INC BMW7F63 47.36 4,740 224,486.40
0.19 ZS ZSCALER INC BZ00V34 172.96 1,281 221,561.76
0.18 MDB MONGODB INC BF2FJ99 342.75 617 211,476.75
0.18 TTWO TAKE-TWO INTERAC 2122117 143.16 1,454 208,154.64
0.15 WBD WARNER BROS DISCOVERY INC BM8JYX3 8.23 21,078 173,471.94
0.14 ILMN ILLUMINA INC 2613990 118.29 1,377 162,885.33
0.12 WBA WALGREENS BOOTS BTN1Y44 17.63 7,451 131,361.13
0.09 CASH 1.00 103,254 103,254.15
0.09 SIRI SIRIUS XM HOLDINGS INC BGLDK10 3.10 32,935 102,098.50
0.00 OTHER PAYABLE & RECEIVABLES 1.00 3,412 3,412.12
-0.02 NDX US 04/19/24 C17900 605.00 -32 -19,360.00
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 04/17/24

Return on Equity 23.50%
Weighted Avg. Market Cap 1,035,290 M
2023 2024
Price-to-earnings 30.28 26.05
Price-to-book value 6.74 5.61

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 EAFE 0.75
MSCI Emg. Mkts 0.58
Standard Deviation 17.40%

Source: new windowAltaVista Research, LLC

ETF Research

Enhancing Retirement Portfolios with Global X’s Options Strategies

Read the Full ArticleRead More

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.