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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%

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.

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

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

Introducing the Global X Sector Covered Call & Growth ETFs (TYLG, FYLG, HYLG)

Read the Full ArticleRead More

ETF Documents

Latest Premium / Discount As of 09/22/23

NAV	$28.78
Market Price	$28.79
Premium / (Discount)	$0.01

Current View 2023 Q3 As of 09/22/23

Days at Premium	37
Days at NAV	0
Days at Discount	21
Greatest Premium	0.18%
Greatest Discount	-0.15%

Daily Premium / Discount History As of 09/22/23

Hover over the chart points for details

View Chart Explanation

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How can the Fund trade at a premium/discount to its NAV?

The primary explanation is that timing discrepancies can arise between the NAV and the trading price of the Fund. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

What causes these time discrepancies?

Close of Trading Times. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.

Time of Last Trade. Trading of Global X funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade - from which the closing price is determined - may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to deviate from the closing price.

International Holdings. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.

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.