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 09/22/23

Inception Date 09/18/20
Total Expense Ratio 0.60%
Net Assets $103.63 million
NAV $26.44
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 09/21/23

Ticker QYLG
Bloomberg Index Ticker BXNH
CUSIP 37954Y269
ISIN US37954Y2697
Primary Exchange Nasdaq
Shares Outstanding 3,920,000
Number of Holdings 102
30-Day Median Bid-Ask Spread 0.32%

Distributions As of 09/22/23

30-Day SEC Yield 0.26%
12-Month Trailing Yield 5.84%
Distribution Yield 6.38%
Distribution Frequency Monthly

ETF Prices As of 09/22/23

NAV $26.44 Daily Change $0.02 0.08%
Market Price $26.47 Daily Change $0.07 0.27%

Performance History

As of recent
(06/30/23)
As of recent
(06/30/23)
Fund NAV Market Price Index
1 Year 23.56% 22.65% 24.36%
Since Inception 9.68% 9.65% 10.33%
1 Year 21.10% 21.14% 21.95%
Since Inception 9.57% 9.58% 10.22%
Year-to-Date 28.59% 28.78% 28.96%
1 Month 4.23% 3.96% 4.24%
3 Months 11.00% 10.79% 11.07%
Since Inception 29.31% 29.21% 31.42%
Year-to-Date 30.21% 30.55% 30.75%
1 Month -1.94% -1.98% -1.84%
3 Months 5.55% 5.39% 5.69%
Since Inception 30.94% 30.97% 33.25%

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 09/21/23

Nasdaq 100 Price 14,694.20

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short NASDAQ Call Option -$51,429,851 15250 3.78% 10/20/2023 29

Top Holdings As of 09/22/23

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
11.10 AAPL APPLE INC 2046251 174.79 65,783 11,498,210.57
9.56 MSFT MICROSOFT CORP 2588173 317.01 31,264 9,911,000.64
5.41 AMZN AMAZON.COM INC 2000019 129.12 43,438 5,608,714.56
4.18 NVDA NVIDIA CORP 2379504 416.10 10,403 4,328,688.30
3.79 META META PLATFORMS INC B7TL820 299.08 13,125 3,925,425.00
3.16 TSLA TESLA INC B616C79 244.88 13,374 3,275,025.12
3.14 GOOGL ALPHABET INC-CL A BYVY8G0 130.25 25,002 3,256,510.50
3.10 GOOG ALPHABET INC-CL C BYY88Y7 131.25 24,504 3,216,150.00
2.98 AVGO BROADCOM INC BDZ78H9 829.08 3,725 3,088,323.00
2.16 COST COSTCO WHOLESALE CORP 2701271 558.59 4,013 2,241,621.67
2.11 PEP PEPSICO INC 2681511 175.27 12,455 2,182,987.85
2.03 ADBE ADOBE INC 2008154 512.90 4,098 2,101,864.20
1.91 CSCO CISCO SYSTEMS INC 2198163 53.57 36,882 1,975,768.74
1.63 CMCSA COMCAST CORP-CLASS A 2044545 45.30 37,189 1,684,661.70
1.47 NFLX NETFLIX INC 2857817 379.81 4,015 1,524,937.15
1.43 TMUS T-MOBILE US INC B94Q9V0 139.35 10,662 1,485,749.70
1.36 AMD ADVANCED MICRO DEVICES 2007849 96.20 14,643 1,408,656.60
1.27 TXN TEXAS INSTRUMENTS INC 2885409 160.31 8,234 1,319,992.54
1.25 AMGN AMGEN INC 2023607 267.70 4,852 1,298,880.40
1.25 INTC INTEL CORP 2463247 34.18 37,964 1,297,609.52
1.25 INTU INTUIT INC 2459020 508.57 2,539 1,291,259.23
1.09 HON HONEYWELL INTL 2020459 189.78 5,949 1,129,001.22
1.05 QCOM QUALCOMM INC 2714923 107.68 10,130 1,090,798.40
0.99 AMAT APPLIED MATERIALS INC 2046552 136.17 7,505 1,021,955.85
0.96 BKNG BOOKING HOLDINGS INC BDRXDB4 3,062.54 324 992,262.96
0.93 SBUX STARBUCKS CORP 2842255 93.68 10,243 959,564.24
0.89 ISRG INTUITIVE SURGICAL INC 2871301 288.20 3,194 920,510.80
0.85 ADP AUTOMATIC DATA PROCESSING 2065308 239.35 3,686 882,244.10
0.83 MDLZ MONDELEZ INTER-A B8CKK03 70.43 12,166 856,851.38
0.81 GILD GILEAD SCIENCES INC 2369174 75.01 11,151 836,436.51
0.79 VRTX VERTEX PHARM 2931034 349.53 2,349 821,045.97
0.76 REGN REGENERON PHARMACEUTICALS 2730190 824.84 959 791,021.56
0.76 ADI ANALOG DEVICES INC 2032067 175.48 4,473 784,922.04
0.72 LRCX LAM RESEARCH CORP 2502247 619.11 1,200 742,932.00
0.65 MU MICRON TECHNOLOGY INC 2588184 68.88 9,773 673,164.24
0.62 PANW PALO ALTO NETWORKS INC B87ZMX0 228.51 2,789 637,314.39
0.60 SNPS SYNOPSYS INC 2867719 446.85 1,388 620,227.80
0.58 CHTR CHARTER COMMUN-A BZ6VT82 445.21 1,339 596,136.19
0.56 CASH 1.00 576,619 576,619.04
0.56 PYPL PAYPAL HOLDINGS INC BYW36M8 57.88 9,953 576,079.64
0.55 PDD PDD HOLDINGS INC BYVW0F7 95.93 5,951 570,879.43
0.55 MELI MERCADOLIBRE INC B23X1H3 1,276.96 447 570,801.12
0.55 CSX CSX CORP 2160753 31.20 18,135 565,812.00
0.54 CDNS CADENCE DESIGN SYS INC 2302232 230.66 2,430 560,503.80
0.53 KLAC KLA CORP 2480138 451.82 1,223 552,575.86
0.51 MAR MARRIOTT INTL-A 2210614 194.36 2,720 528,659.20
0.50 MNST MONSTER BEVERAGE CORP BZ07BW4 54.52 9,579 522,247.08
0.50 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 936.02 551 515,747.02
0.50 ABNB AIRBNB INC-CLASS A BMGYYH4 132.20 3,897 515,183.40
0.45 CTAS CINTAS CORP 2197137 504.75 914 461,341.50
0.44 ASML ASML HOLDING-NY B908F01 587.10 783 459,699.30
0.44 NXPI NXP SEMICONDUCTORS NV B505PN7 196.79 2,317 455,962.43
0.41 WDAY WORKDAY INC-CLASS A B8K6ZD1 230.82 1,841 424,939.62
0.41 LULU LULULEMON ATHLETICA INC B23FN39 388.05 1,093 424,138.65
0.40 KDP KEURIG DR PEPPER INC BD3W133 33.12 12,511 414,364.32
0.40 MRVL MARVELL TECHNOLOGY INC BNKJSM5 52.30 7,917 414,059.10
0.39 FTNT FORTINET INC B5B2106 58.24 7,000 407,680.00
0.38 PCAR PACCAR INC 2665861 84.93 4,657 395,519.01
0.38 ODFL OLD DOMINION FREIGHT LINE 2656423 400.66 986 395,050.76
0.38 ADSK AUTODESK INC 2065159 204.04 1,910 389,716.40
0.36 MCHP MICROCHIP TECHNOLOGY INC 2592174 77.08 4,853 374,069.24
0.36 KHC KRAFT HEINZ CO/THE BYRY499 34.16 10,930 373,368.80
0.35 CPRT COPART INC 2208073 43.16 8,508 367,205.28
0.35 AEP AMERICAN ELECTRIC POWER 2026242 79.17 4,588 363,231.96
0.35 PAYX PAYCHEX INC 2674458 112.95 3,208 362,343.60
0.35 ON ON SEMICONDUCTOR 2583576 93.81 3,848 360,980.88
0.35 AZN ASTRAZENECA PLC-SPONS ADR 2989044 67.83 5,265 357,124.95
0.34 EXC EXELON CORP 2670519 40.21 8,863 356,381.23
0.34 SGEN SEAGEN INC BLPK4D2 213.70 1,665 355,810.50
0.33 ROST ROSS STORES INC 2746711 111.66 3,049 340,451.34
0.33 MRNA MODERNA INC BGSXTS3 99.99 3,401 340,065.99
0.33 BIIB BIOGEN INC 2455965 257.68 1,309 337,303.12
0.31 CRWD CROWDSTRIKE HO-A BJJP138 162.57 1,994 324,164.58
0.31 IDXX IDEXX LABORATORIES INC 2459202 435.69 740 322,410.60
0.31 BKR BAKER HUGHES CO BDHLTQ5 35.40 9,010 318,954.00
0.31 CEG CONSTELLATION ENERGY BMH4FS1 110.36 2,882 318,057.52
0.31 VRSK VERISK ANALYTICS INC B4P9W92 241.95 1,310 316,954.50
0.30 CTSH COGNIZANT TECH-A 2257019 69.61 4,523 314,846.03
0.29 DXCM DEXCOM INC B0796X4 87.50 3,454 302,225.00
0.29 TTD TRADE DESK INC-A BD8FDD1 76.35 3,957 302,116.95
0.28 XEL XCEL ENERGY INC 2614807 59.73 4,900 292,677.00
0.28 EA ELECTRONIC ARTS INC 2310194 119.00 2,422 288,218.00
0.27 CSGP COSTAR GROUP INC 2262864 78.06 3,629 283,279.74
0.27 GFS GLOBALFOUNDRIES INC BMW7F63 56.83 4,879 277,273.57
0.27 FAST FASTENAL CO 2332262 54.21 5,076 275,169.96
0.26 TEAM ATLASSIAN CORP-CL A BQ1PC76 195.46 1,359 265,630.14
0.25 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 64.33 4,035 259,571.55
0.24 FANG DIAMONDBACK ENERGY INC B7Y8YR3 150.57 1,651 248,591.07
0.23 WBD WARNER BROS DISCOVERY INC BM8JYX3 11.10 21,648 240,292.80
0.23 DDOG DATADOG INC - CLASS A BKT9Y49 88.76 2,636 233,971.36
0.23 ANSS ANSYS INC 2045623 302.91 771 233,543.61
0.20 DLTR DOLLAR TREE INC 2272476 104.50 2,017 210,776.50
0.20 EBAY EBAY INC 2293819 43.13 4,741 204,479.33
0.20 ALGN ALIGN TECHNOLOGY INC 2679204 298.56 684 204,215.04
0.19 ZS ZSCALER INC BZ00V34 151.71 1,312 199,043.52
0.18 ILMN ILLUMINA INC 2613990 132.44 1,409 186,607.96
0.16 WBA WALGREENS BOOTS BTN1Y44 21.12 7,920 167,270.40
0.15 ZM ZOOM VIDEO COM-A BGSP7M9 68.85 2,281 157,046.85
0.14 ENPH ENPHASE ENERGY INC B65SQW4 119.92 1,248 149,660.16
0.14 SIRI SIRIUS XM HOLDINGS INC BGLDK10 4.03 35,086 141,396.58
0.12 JD JD.COM INC-ADR BMM27D9 30.41 4,125 125,441.25
0.10 LCID LUCID GROUP INC BP0TR77 5.11 20,504 104,775.44
-0.37 NDX US 10/20/23 C15250 10,915.00 -35 -382,025.00
-0.51 OTHER PAYABLE & RECEIVABLES 1.00 -523,116 -523,116.10
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 08/31/23

Sector Weight (%)
Information Technology 50.9
Communication Services 15.4
Consumer Discretionary 14.3
Health Care 7.0
Consumer Staples 6.2
Industrials 3.9
Utilities 1.2
Financials 0.6
Energy 0.5

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Packaged Software 15.6
Semiconductors 15.1
Telecommunications Equipment 12.4
Internet Software/Services 12.2
Internet Retail 6.1
Biotechnology 4.6
Motor Vehicles 3.2
Beverages: Non-Alcoholic 2.9
Information Technology Services 2.6
Specialty Stores 2.5
Cable/Satellite TV 2.4
Other/Cash 20.4

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 09/21/23

Return on Equity 24.90%
Weighted Avg. Market Cap 1,000,330 M
2022 2023
Price-to-earnings 27.92 25.72
Price-to-book value 7.03 5.89

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 08/31/23

Versus Beta
S&P 500 0.91
NASDAQ-100 0.78
MSCI EAFE 0.73
MSCI Emg. Mkts 0.58
Standard Deviation 18.00%

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.