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 03/27/24

Inception Date 09/18/20
Total Expense Ratio 0.60%
Net Assets $115.04 million
NAV $30.60
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 03/27/24

Ticker QYLG
Bloomberg Index Ticker BXNH
CUSIP 37954Y269
ISIN US37954Y2697
Primary Exchange Nasdaq
Shares Outstanding 3,760,000
Number of Holdings 102
30-Day Median Bid-Ask Spread 0.33%

Distributions As of 03/27/24

30-Day SEC Yield 0.26%
12-Month Trailing Yield 5.57%
Distribution Yield 6.03%
Distribution Frequency Monthly

ETF Prices As of 03/27/24

NAV $30.60 Daily Change $0.11 0.36%
Market Price $30.58 Daily Change $0.03 0.10%

Performance History

As of recent
(12/31/23)
As of recent
(12/31/23)
Fund NAV Market Price Index
1 Year 38.16% 38.71% 38.92%
3 Years 6.50% 6.54% 7.12%
Since Inception 10.53% 10.58% 11.16%
1 Year 36.24% 35.80% 37.01%
3 Years 8.59% 8.26% 9.23%
Since Inception 11.93% 11.86% 12.59%
Year-to-Date 38.16% 38.71% 38.92%
1 Month 4.14% 4.51% 4.18%
3 Months 10.55% 10.91% 10.64%
Since Inception 38.94% 39.16% 41.58%
Year-to-Date 6.16% 5.77% 6.32%
1 Month 3.90% 3.52% 3.97%
3 Months 10.56% 10.54% 10.76%
Since Inception 47.50% 47.19% 50.52%

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 03/27/24

Nasdaq 100 Price 18,280.80

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short NASDAQ Call Option -$56,670,610 17900 0.00% 04/19/2024 23

Top Holdings As of 03/27/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
8.88 MSFT MICROSOFT CORP 2588173 421.43 24,244 10,217,148.92
7.59 AAPL APPLE INC 2046251 173.31 50,385 8,732,224.35
6.40 NVDA NVIDIA CORP 2379504 902.50 8,157 7,361,692.50
5.30 AMZN AMAZON.COM INC 2000019 179.83 33,889 6,094,258.87
4.90 META META PLATFORMS INC B7TL820 493.86 11,418 5,638,893.48
4.48 AVGO BROADCOM INC BDZ78H9 1,318.73 3,904 5,148,321.92
2.52 GOOGL ALPHABET INC-CL A BYVY8G0 150.87 19,220 2,899,721.40
2.46 TSLA TESLA INC B616C79 179.83 15,722 2,827,287.26
2.44 GOOG ALPHABET INC-CL C BYY88Y7 151.94 18,495 2,810,130.30
2.38 COST COSTCO WHOLESALE CORP 2701271 732.08 3,738 2,736,515.04
2.13 AMD ADVANCED MICRO DEVICES 2007849 179.59 13,611 2,444,399.49
1.95 NFLX NETFLIX INC 2857817 613.53 3,646 2,236,930.38
1.75 PEP PEPSICO INC 2681511 173.57 11,575 2,009,072.75
1.67 ADBE ADOBE INC 2008154 504.40 3,806 1,919,746.40
1.64 LIN LINDE PLC BNZHB81 466.23 4,056 1,891,028.88
1.48 CSCO CISCO SYSTEMS INC 2198163 49.77 34,097 1,697,007.69
1.41 TMUS T-MOBILE US INC B94Q9V0 162.01 9,995 1,619,289.95
1.38 QCOM QUALCOMM INC 2714923 169.13 9,397 1,589,314.61
1.36 INTC INTEL CORP 2463247 43.77 35,600 1,558,212.00
1.33 INTU INTUIT INC 2459020 648.74 2,357 1,529,080.18
1.27 AMAT APPLIED MATERIALS INC 2046552 208.00 6,996 1,455,168.00
1.25 CMCSA COMCAST CORP-CLASS A 2044545 43.07 33,361 1,436,858.27
1.15 TXN TEXAS INSTRUMENTS INC 2885409 172.87 7,654 1,323,146.98
1.12 AMGN AMGEN INC 2023607 286.30 4,511 1,291,499.30
1.03 ISRG INTUITIVE SURGICAL INC 2871301 400.10 2,966 1,186,696.60
0.98 HON HONEYWELL INTL 2020459 205.13 5,490 1,126,163.70
0.97 MU MICRON TECHNOLOGY INC 2588184 119.14 9,361 1,115,222.74
0.93 LRCX LAM RESEARCH CORP 2502247 965.67 1,103 1,065,134.01
0.92 BKNG BOOKING HOLDINGS INC BDRXDB4 3,673.50 288 1,057,968.00
0.79 VRTX VERTEX PHARM 2931034 417.32 2,188 913,096.16
0.76 REGN REGENERON PHARMACEUTICALS 2730190 966.30 909 878,366.70
0.76 SBUX STARBUCKS CORP 2842255 91.50 9,524 871,446.00
0.75 ADP AUTOMATIC DATA PROCESSING 2065308 248.33 3,455 857,980.15
0.70 ADI ANALOG DEVICES INC 2032067 193.33 4,171 806,379.43
0.69 MDLZ MONDELEZ INTER-A B8CKK03 70.10 11,326 793,952.60
0.69 KLAC KLA CORP 2480138 696.87 1,137 792,341.19
0.67 GILD GILEAD SCIENCES INC 2369174 73.01 10,569 771,642.69
0.66 PANW PALO ALTO NETWORKS INC B87ZMX0 282.26 2,674 754,763.24
0.64 SNPS SYNOPSYS INC 2867719 573.35 1,290 739,621.50
0.63 CDNS CADENCE DESIGN SYS INC 2302232 311.34 2,308 718,572.72
0.62 ASML ASML HOLDING-NY B908F01 974.01 726 707,131.26
0.57 PDD PDD HOLDINGS INC BYVW0F7 116.66 5,665 660,878.90
0.57 MELI MERCADOLIBRE INC B23X1H3 1,522.65 428 651,694.20
0.54 CRWD CROWDSTRIKE HO-A BJJP138 322.25 1,930 621,942.50
0.54 MAR MARRIOTT INTL-A 2210614 253.56 2,432 616,657.92
0.53 ABNB AIRBNB INC-CLASS A BMGYYH4 166.41 3,685 613,220.85
0.53 CSX CSX CORP 2160753 36.84 16,469 606,717.96
0.52 PYPL PAYPAL HOLDINGS INC BYW36M8 66.57 9,007 599,595.99
0.51 CTAS CINTAS CORP 2197137 685.64 851 583,479.64
0.50 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,135.52 501 568,895.52
0.48 PCAR PACCAR INC 2665861 124.46 4,403 547,997.38
0.47 NXPI NXP SEMICONDUCTORS NV B505PN7 245.44 2,184 536,040.96
0.46 MRVL MARVELL TECHNOLOGY INC BNKJSM5 72.31 7,264 525,259.84
0.45 MNST MONSTER BEVERAGE CORP BZ07BW4 59.20 8,815 521,848.00
0.44 ROP ROPER TECHNOLOGIES INC 2749602 559.18 904 505,498.72
0.43 CEG CONSTELLATION ENERGY BMH4FS1 184.89 2,677 494,950.53
0.42 WDAY WORKDAY INC-CLASS A B8K6ZD1 273.62 1,772 484,854.64
0.41 ADSK AUTODESK INC 2065159 260.97 1,799 469,485.03
0.40 CPRT COPART INC 2208073 57.24 8,127 465,189.48
0.40 DXCM DEXCOM INC B0796X4 139.48 3,272 456,378.56
0.38 FTNT FORTINET INC B5B2106 67.27 6,459 434,496.93
0.38 DASH DOORDASH INC - A BN13P03 138.88 3,111 432,055.68
0.36 ROST ROSS STORES INC 2746711 147.19 2,846 418,902.74
0.35 MCHP MICROCHIP TECHNOLOGY INC 2592174 89.19 4,539 404,833.41
0.35 LULU LULULEMON ATHLETICA INC B23FN39 389.46 1,023 398,417.58
0.34 ODFL OLD DOMINION FREIGHT LINE 2656423 213.98 1,830 391,574.25
0.33 KHC KRAFT HEINZ CO/THE BYRY499 36.53 10,372 378,889.16
0.33 AEP AMERICAN ELECTRIC POWER 2026242 84.80 4,450 377,360.00
0.33 IDXX IDEXX LABORATORIES INC 2459202 539.57 698 376,619.86
0.32 PAYX PAYCHEX INC 2674458 121.53 3,056 371,395.68
0.32 FAST FASTENAL CO 2332262 77.28 4,787 369,939.36
0.32 CHTR CHARTER COMMUN-A BZ6VT82 293.51 1,240 363,952.40
0.32 KDP KEURIG DR PEPPER INC BD3W133 30.59 11,835 362,032.65
0.31 MRNA MODERNA INC BGSXTS3 110.59 3,188 352,560.92
0.30 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 90.31 3,811 344,171.41
0.29 AZN ASTRAZENECA PLC-SPONS ADR 2989044 68.26 4,870 332,426.20
0.29 CSGP COSTAR GROUP INC 2262864 96.22 3,452 332,151.44
0.29 TTD TRADE DESK INC-A BD8FDD1 87.21 3,774 329,130.54
0.27 DDOG DATADOG INC - CLASS A BKT9Y49 123.51 2,555 315,568.05
0.27 EXC EXELON CORP 2670519 37.31 8,421 314,187.51
0.27 CTSH COGNIZANT TECH-A 2257019 73.62 4,198 309,056.76
0.26 EA ELECTRONIC ARTS INC 2310194 131.87 2,253 297,103.11
0.26 FANG DIAMONDBACK ENERGY INC B7Y8YR3 196.53 1,511 296,956.83
0.25 CDW CDW CORP/DE BBM5MD6 257.87 1,133 292,166.71
0.25 VRSK VERISK ANALYTICS INC B4P9W92 233.93 1,226 286,798.18
0.25 BKR BAKER HUGHES CO BDHLTQ5 33.09 8,508 281,529.72
0.24 ON ON SEMICONDUCTOR 2583576 75.61 3,601 272,271.61
0.24 CCEP COCA-COLA EUROPA BYQQ3P5 71.50 3,807 272,200.50
0.23 BIIB BIOGEN INC 2455965 216.34 1,224 264,800.16
0.22 ANSS ANSYS INC 2045623 347.93 734 255,380.62
0.22 TEAM ATLASSIAN CORP-CL A BQ1PC76 193.14 1,296 250,309.44
0.22 XEL XCEL ENERGY INC 2614807 53.38 4,655 248,483.90
0.21 DLTR DOLLAR TREE INC 2272476 132.50 1,838 243,535.00
0.21 ZS ZSCALER INC BZ00V34 193.48 1,251 242,043.48
0.21 GFS GLOBALFOUNDRIES INC BMW7F63 51.73 4,620 238,992.60
0.19 MDB MONGODB INC BF2FJ99 358.80 597 214,203.60
0.18 TTWO TAKE-TWO INTERAC 2122117 146.92 1,414 207,744.88
0.16 ILMN ILLUMINA INC 2613990 138.68 1,337 185,415.16
0.15 WBD WARNER BROS DISCOVERY INC BM8JYX3 8.64 20,528 177,361.92
0.13 WBA WALGREENS BOOTS BTN1Y44 21.02 7,261 152,626.22
0.11 SIRI SIRIUS XM HOLDINGS INC BGLDK10 3.90 32,075 125,092.50
0.05 CASH 1.00 60,235 60,235.05
0.02 OTHER PAYABLE & RECEIVABLES 1.00 22,489 22,489.37
-1.49 NDX US 04/19/24 C17900 55,265.00 -31 -1,713,215.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 02/29/24

Sector Weight (%)
Information Technology 52.4
Communication Services 15.2
Consumer Discretionary 13.7
Health Care 6.3
Consumer Staples 6.2
Industrials 4.0
Utilities 1.2
Financials 0.5
Energy 0.5

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Semiconductors 18.8
Packaged Software 15.9
Internet Software/Services 12.8
Telecommunications Equipment 9.3
Internet Retail 5.9
Biotechnology 4.0
Specialty Stores 2.9
Motor Vehicles 2.8
Beverages: Non-Alcoholic 2.6
Information Technology Services 2.6
Industrial Machinery 1.9
Other 20.5

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 03/27/24

Return on Equity 23.30%
Weighted Avg. Market Cap 987,113 M
2023 2024
Price-to-earnings 30.60 26.78
Price-to-book value 6.86 5.72

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 02/29/24

Versus Beta
S&P 500 0.89
NASDAQ-100 0.76
MSCI EAFE 0.75
MSCI Emg. Mkts 0.58
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.