TYLG


Information Technology Covered Call & Growth ETF

Reasons to Consider TYLG

High Income Potential

TYLG seeks to generate income by writing covered calls on the Information Technology Select Sector SPDR Fund.

Upside Potential

By writing calls on 50% of the Information Technology Select Sector SPDR Fund, the strategy allows investors to capture half the upside potential of the Information Technology Select Sector Index.

Monthly Distributions

TYLG seeks to make distributions on a monthly basis.

Key Information As of 09/22/23

Inception Date 11/21/22
Gross Expense Ratio 0.66%
Net Expense Ratio* 0.60%
Net Assets $3.45 million
NAV $28.78
Fact Sheet View the document

*Fee waivers are contractual and in effect until at least March 1, 2024.


ETF Summary

The Global X Information Technology Covered Call & Growth ETF (TYLG) follows a “covered call” or “buy-write” strategy, in which the Fund buys the stocks in the Information Technology Select Sector Index and the Technology Select Sector SPDR Fund, and “writes” or “sells” corresponding call options on the Information Technology Select Sector SPDR Fund representing approximately 50% of the value of TYLG’s portfolio.

ETF Objective

The Global X Information Technology Covered Call & Growth ETF (TYLG) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P Technology Select Sector Half BuyWrite Index.

Trading Details As of 09/21/23

Ticker TYLG
Bloomberg Index Ticker BXLKH
CUSIP 37960A743
ISIN US37960A7431
Primary Exchange NYSE Arca
Shares Outstanding 120,000
Number of Holdings 67
30-Day Median Bid-Ask Spread 0.24%

Distributions As of 09/22/23

30-Day SEC Yield 0.34%
Unsubsidized 30-Day SEC Yield 0.29%
Distribution Frequency Monthly

ETF Prices As of 09/22/23

NAV $28.78 Daily Change $0.08 0.28%
Market Price $28.79 Daily Change $0.05 0.17%

Performance History

As of recent
(06/30/23)
Fund NAV Market Price Index
Year-to-Date 30.44% 30.53% 30.17%
1 Month 4.09% 3.92% 4.15%
3 Months 11.14% 11.18% 10.62%
Since Inception 27.61% 27.69% 27.36%
Year-to-Date 30.80% 30.88% 31.29%
1 Month -2.28% -2.16% -2.24%
3 Months 4.37% 4.20% 5.05%
Since Inception 27.96% 28.04% 28.46%

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

Technology Select Sector SPDR Fund (XLK) Price* 164.06
*Market Price as of 09/21/23

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short Technology Select Sector SPDR Call Option -$1,722,630 173 5.45% 10/20/2023 29

Top Holdings As of 09/22/23

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
54.09 XLK SPDR-TECH SEL S 2369709 164.41 11,361 1,867,862.01
10.92 AAPL APPLE INC 2046251 174.79 2,157 377,022.03
10.56 MSFT MICROSOFT CORP 2588173 317.01 1,150 364,561.50
1.99 NVDA NVIDIA CORP 2379504 416.10 165 68,656.50
1.97 AVGO BROADCOM INC BDZ78H9 829.08 82 67,984.56
1.35 ADBE ADOBE INC 2008154 512.90 91 46,673.90
1.26 CSCO CISCO SYSTEMS INC 2198163 53.57 811 43,445.27
1.16 CRM SALESFORCE INC 2310525 206.43 194 40,047.42
1.15 ACN ACCENTURE PLC-CL A B4BNMY3 316.09 126 39,827.34
0.99 ORCL ORACLE CORP 2661568 109.03 313 34,126.39
0.90 AMD ADVANCED MICRO DEVICES 2007849 96.20 323 31,072.60
0.84 TXN TEXAS INSTRUMENTS INC 2885409 160.31 181 29,016.11
0.83 INTC INTEL CORP 2463247 34.18 837 28,608.66
0.83 INTU INTUIT INC 2459020 508.57 56 28,479.92
0.77 IBM IBM 2005973 146.91 182 26,737.62
0.70 QCOM QUALCOMM INC 2714923 107.68 223 24,012.64
0.66 AMAT APPLIED MATERIALS INC 2046552 136.17 168 22,876.56
0.64 NOW SERVICENOW INC B80NXX8 554.09 40 22,163.60
0.57 CASH 1.00 19,501 19,501.23
0.51 ADI ANALOG DEVICES INC 2032067 175.48 100 17,548.00
0.47 LRCX LAM RESEARCH CORP 2502247 619.11 26 16,096.86
0.44 MU MICRON TECHNOLOGY INC 2588184 68.88 219 15,084.72
0.40 PANW PALO ALTO NETWORKS INC B87ZMX0 228.51 61 13,939.11
0.39 SNPS SYNOPSYS INC 2867719 446.85 30 13,405.50
0.36 CDNS CADENCE DESIGN SYS INC 2302232 230.66 54 12,455.64
0.35 KLAC KLA CORP 2480138 451.82 27 12,199.14
0.30 ROP ROPER TECHNOLOGIES INC 2749602 494.97 21 10,394.37
0.29 NXPI NXP SEMICONDUCTORS NV B505PN7 196.79 51 10,036.29
0.29 APH AMPHENOL CORP-CL A 2145084 83.33 119 9,916.27
0.27 ANET ARISTA NETWORKS INC BN33VM5 180.34 51 9,197.34
0.27 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 277.74 33 9,165.42
0.25 ADSK AUTODESK INC 2065159 204.04 43 8,773.72
0.24 MCHP MICROCHIP TECHNOLOGY INC 2592174 77.08 108 8,324.64
0.24 ON ON SEMICONDUCTOR 2583576 93.81 88 8,255.28
0.22 TEL TE CONNECTIVITY LTD B62B7C3 123.04 62 7,628.48
0.22 FTNT FORTINET INC B5B2106 58.24 130 7,571.20
0.20 CTSH COGNIZANT TECH-A 2257019 69.61 100 6,961.00
0.17 IT GARTNER INC 2372763 356.26 16 5,700.16
0.16 CDW CDW CORP/DE BBM5MD6 205.76 27 5,555.52
0.15 ANSS ANSYS INC 2045623 302.91 17 5,149.47
0.14 GLW CORNING INC 2224701 31.22 153 4,776.66
0.13 HPQ HP INC BYX4D52 26.77 173 4,631.21
0.13 KEYS KEYSIGHT TECHNOLOGIES IN BQZJ0Q9 130.98 35 4,584.30
0.13 FICO FAIR ISAAC CORP 2330299 889.51 5 4,447.55
0.13 HPE HEWLETT PACKA BYVYWS0 17.02 257 4,374.14
0.12 MPWR MONOLITHIC POWER B01Z7J1 449.29 9 4,043.61
0.11 TDY TELEDYNE TECHNOLOGIES INC 2503477 417.88 9 3,760.92
0.10 VRSN VERISIGN INC 2142922 199.72 18 3,594.96
0.10 FSLR FIRST SOLAR INC B1HMF22 162.45 21 3,411.45
0.10 ENPH ENPHASE ENERGY INC B65SQW4 119.92 28 3,357.76
0.10 SWKS SKYWORKS SOLUTIONS INC 2961053 96.42 34 3,278.28
0.09 PTC PTC INC B95N910 140.65 23 3,234.95
0.09 AKAM AKAMAI TECHNOLOGIES INC 2507457 107.55 30 3,226.50
0.09 NTAP NETAPP INC 2630643 76.02 42 3,192.84
0.09 TER TERADYNE INC 2884183 95.40 33 3,148.20
0.09 EPAM EPAM SYSTEMS INC B44Z3T8 261.00 12 3,132.00
0.09 TYL TYLER TECHNOLOGIES INC 2909644 388.58 8 3,108.64
0.09 WDC WESTERN DIGITAL CORP 2954699 45.14 67 3,024.38
0.07 TRMB TRIMBLE INC 2903958 50.22 51 2,561.22
0.07 STX SEAGATE TECHNOLO BKVD2N4 65.20 36 2,347.20
0.07 ZBRA ZEBRA TECH CORP 2989356 227.15 10 2,271.50
0.06 GEN GEN DIGITAL INC BJN4XN5 18.86 118 2,225.48
0.06 FFIV F5 INC 2427599 158.66 12 1,903.92
0.06 JNPR JUNIPER NETWORKS INC 2431846 27.93 68 1,899.24
0.05 QRVO QORVO INC BR9YYP4 94.13 19 1,788.47
0.05 SEDG SOLAREDGE TECHNO BWC52Q6 134.60 12 1,615.20
0.03 DXC DXC TECHNOLOGY CO BYXD7B3 20.30 47 954.10
-0.24 2XLK US 10/20/2023 C173 77.52 -105 -8,139.68
-0.54 OTHER PAYABLE & RECEIVABLES 1.00 -18,483 -18,483.21
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Research

Investing involves risk, including the possible loss of principal. Concentration in a particular industry or sector will subject TYLG to loss due to adverse occurrences that may affect that industry or sector. Investors in TYLG should be willing to accept a high degree of volatility in the price of the fund’s shares and the possibility of significant losses. The Fund invests in securities of companies engaged in Information Technology, which can be affected by rapid product obsolescence and intense industry competition.

TYLG 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. 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. TYLG 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.

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 Cboe, nor does Cboe 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 Cboe.