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 07/23/24

Inception Date 11/21/22
Gross Expense Ratio 0.65%
Net Expense Ratio* 0.60%
Net Assets $8.82 million
NAV $32.67
Fact Sheet View the document

*Fee waivers are contractual and in effect until at least March 1, 2025.


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 07/23/24

Ticker TYLG
Bloomberg Index Ticker BXLKH
CUSIP 37960A743
ISIN US37960A7431
Primary Exchange NYSE Arca
Shares Outstanding 270,000
Number of Holdings 69
30-Day Median Bid-Ask Spread 0.46%

Distributions As of 07/23/24

30-Day SEC Yield 0.22%
Unsubsidized 30-Day SEC Yield 0.17%
12-Month Trailing Yield 12.55%
Distribution Yield 7.01%
Distribution Frequency Monthly

ETF Prices As of 07/23/24

NAV $32.67 Daily Change -$0.05 -0.15%
Market Price $32.64 Daily Change -$0.04 -0.12%

Performance History

As of recent month & quarter-end (06/30/24)
As of recent month & quarter-end (06/30/24)
Fund NAV Market Price Index
1 Year 21.94% 21.99% 23.64%
Since Inception 31.65% 31.73% 32.62%
1 Year 21.94% 21.99% 23.64%
Since Inception 31.65% 31.73% 32.62%
Year-to-Date 12.34% 12.55% 12.92%
1 Month 5.38% 5.64% 5.47%
3 Months 4.66% 4.66% 4.89%
Since Inception 55.61% 55.78% 57.46%
Year-to-Date 12.34% 12.55% 12.92%
1 Month 5.38% 5.64% 5.47%
3 Months 4.66% 4.66% 4.89%
Since Inception 55.61% 55.78% 57.46%

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 07/23/24

Technology Select Sector SPDR Fund (XLK) Price* 225.20
*Market Price as of 07/23/24

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short Technology Select Sector SPDR Call Option -$4,458,960 225 0.00% 08/16/2024 24

Top Holdings As of 07/23/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
54.62 XLK SPDR-TECH SEL S 2369709 225.20 21,392 4,817,478.40
10.36 MSFT MICROSOFT CORP 2588173 444.85 2,054 913,721.90
9.44 NVDA NVIDIA CORP 2379504 122.59 6,792 832,631.28
2.24 AAPL APPLE INC 2046251 225.01 879 197,783.79
2.02 AVGO BROADCOM INC BDZ78H9 163.77 1,090 178,509.30
1.20 CRM SALESFORCE INC 2310525 256.06 412 105,496.72
1.19 AMD ADVANCED MICRO DEVICES 2007849 154.00 680 104,720.00
1.18 ADBE ADOBE INC 2008154 546.01 190 103,741.90
1.09 ORCL ORACLE CORP 2661568 143.11 673 96,313.03
1.04 QCOM QUALCOMM INC 2714923 193.35 473 91,454.55
0.99 ACN ACCENTURE PLC-CL A B4BNMY3 330.33 263 86,876.79
0.90 CSCO CISCO SYSTEMS INC 2198163 46.36 1,709 79,229.24
0.88 AMAT APPLIED MATERIALS INC 2046552 219.65 353 77,536.45
0.87 TXN TEXAS INSTRUMENTS INC 2885409 198.29 386 76,539.94
0.85 INTU INTUIT INC 2459020 637.10 117 74,540.70
0.81 IBM IBM 2005973 184.10 388 71,430.80
0.75 NOW SERVICENOW INC B80NXX8 765.52 86 65,834.72
0.67 INTC INTEL CORP 2463247 32.95 1,795 59,145.25
0.65 CASH 1.00 57,287 57,286.59
0.61 MU MICRON TECHNOLOGY INC 2588184 114.25 469 53,583.25
0.60 LRCX LAM RESEARCH CORP 2502247 959.69 55 52,782.95
0.54 ADI ANALOG DEVICES INC 2032067 230.32 207 47,676.24
0.52 KLAC KLA CORP 2480138 807.66 57 46,036.62
0.52 PANW PALO ALTO NETWORKS INC B87ZMX0 335.56 137 45,971.72
0.42 ANET ARISTA NETWORKS INC BN33VM5 346.65 108 37,438.20
0.42 SNPS SYNOPSYS INC 2867719 588.33 63 37,064.79
0.38 APH AMPHENOL CORP-CL A 2145084 66.26 506 33,527.56
0.36 CDNS CADENCE DESIGN SYS INC 2302232 282.99 113 31,977.87
0.33 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 396.55 73 28,948.15
0.32 NXPI NXP SEMICONDUCTORS NV B505PN7 262.30 109 28,590.70
0.31 ROP ROPER TECHNOLOGIES INC 2749602 574.27 47 26,990.69
0.29 CRWD CROWDSTRIKE HO-A BJJP138 268.88 95 25,543.60
0.25 ADSK AUTODESK INC 2065159 246.23 88 21,668.24
0.23 MCHP MICROCHIP TECHNOLOGY INC 2592174 89.71 227 20,364.17
0.22 TEL TE CONNECTIVITY LTD B62B7C3 151.40 130 19,682.00
0.21 MPWR MONOLITHIC POWER B01Z7J1 846.41 22 18,621.02
0.20 SMCI SUPER MICRO COMPUTER INC B1VQR35 783.22 23 18,014.06
0.19 FICO FAIR ISAAC CORP 2330299 1,628.12 10 16,281.20
0.17 CTSH COGNIZANT TECH-A 2257019 73.89 207 15,295.23
0.17 FTNT FORTINET INC B5B2106 57.94 261 15,122.34
0.17 IT GARTNER INC 2372763 467.50 32 14,960.00
0.16 GLW CORNING INC 2224701 44.06 326 14,363.56
0.16 HPQ HP INC BYX4D52 37.71 363 13,688.73
0.15 ON ON SEMICONDUCTOR 2583576 73.39 179 13,136.81
0.15 CDW CDW CORP/DE BBM5MD6 230.15 56 12,888.40
0.13 ANSS ANSYS INC 2045623 320.08 36 11,522.88
0.13 HPE HEWLETT PACKA BYVYWS0 20.54 549 11,276.46
0.13 NTAP NETAPP INC 2630643 129.20 86 11,111.20
0.12 FSLR FIRST SOLAR INC B1HMF22 223.01 48 10,704.48
0.12 KEYS KEYSIGHT TECHNOLOGIES IN BQZJ0Q9 139.17 76 10,576.92
0.12 TYL TYLER TECHNOLOGIES INC 2909644 526.37 20 10,527.40
0.11 TER TERADYNE INC 2884183 152.27 64 9,745.28
0.11 WDC WESTERN DIGITAL CORP 2954699 72.96 132 9,630.72
0.10 PTC PTC INC B95N910 177.77 51 9,066.27
0.10 GDDY GODADDY INC - CLASS A BWFRFC6 147.67 59 8,712.53
0.09 STX SEAGATE TECHNOLO BKVD2N4 105.30 79 8,318.70
0.09 TDY TELEDYNE TECHNOLOGIES INC 2503477 402.17 20 8,043.40
0.09 ZBRA ZEBRA TECH CORP 2989356 331.20 24 7,948.80
0.09 SWKS SKYWORKS SOLUTIONS INC 2961053 117.50 65 7,637.50
0.07 VRSN VERISIGN INC 2142922 176.26 36 6,345.36
0.07 TRMB TRIMBLE INC 2903958 57.11 103 5,882.33
0.07 JBL JABIL INC 2471789 112.17 52 5,832.84
0.06 ENPH ENPHASE ENERGY INC B65SQW4 103.64 54 5,596.56
0.06 AKAM AKAMAI TECHNOLOGIES INC 2507457 96.06 57 5,475.42
0.06 GEN GEN DIGITAL INC BJN4XN5 25.29 215 5,437.35
0.06 EPAM EPAM SYSTEMS INC B44Z3T8 207.33 25 5,183.25
0.06 QRVO QORVO INC BR9YYP4 125.14 39 4,880.46
0.06 JNPR JUNIPER NETWORKS INC 2431846 37.18 130 4,833.40
0.05 FFIV F5 INC 2427599 173.80 25 4,345.00
-0.61 OTHER PAYABLE & RECEIVABLES 1.00 -54,136 -54,136.23
-1.31 2XLK US 08/16/2024 C225 582.54 -198 -115,342.69
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 06/30/24

Industry Weight (%)
Technology 51.2
Semiconductors 42.9
Communications 3.1
Electrical Equipment 2.8

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 07/23/24

Return on Equity 23.50%
Weighted Avg. Market Cap 577,709 M
2023 2024
Price-to-earnings 39.37 32.45
Price-to-book value 8.38 6.99

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 06/30/24

Versus Beta
S&P 500 0.86
NASDAQ-100 0.77
MSCI EAFE 0.59
MSCI Emg. Mkts 0.58
Standard Deviation 13.60%

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 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.