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 10/21/24

Inception Date 11/21/22
Gross Expense Ratio 0.65%
Net Expense Ratio* 0.60%
Net Assets $8.36 million
NAV $33.42
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 10/18/24

Ticker TYLG
Bloomberg Index Ticker BXLKH
CUSIP 37960A743
ISIN US37960A7431
Primary Exchange NYSE Arca
Shares Outstanding 250,000
Number of Holdings 71
30-Day Median Bid-Ask Spread 0.54%

Distributions As of 10/21/24

30-Day SEC Yield 0.21%
Unsubsidized 30-Day SEC Yield 0.16%
Trailing 12-Month Distribution (%) 13.31%
Distribution Rate 9.66%
Distribution Frequency Monthly

ETF Prices As of 10/21/24

NAV $33.42 Daily Change -$0.16 -0.48%
Market Price $33.42 Daily Change -$0.15 -0.45%

Performance History

As of recent month & quarter-end (09/30/24)
As of recent month & quarter-end (09/30/24)
Fund NAV Market Price Index
1 Year 30.41% 30.36% 31.82%
Since Inception 28.39% 28.38% 29.45%
1 Year 30.41% 30.36% 31.82%
Since Inception 28.39% 28.38% 29.45%
Year-to-Date 14.92% 15.00% 15.91%
1 Month 2.70% 2.83% 2.82%
3 Months 2.30% 2.18% 2.65%
Since Inception 59.18% 59.17% 61.64%
Year-to-Date 14.92% 15.00% 15.91%
1 Month 2.70% 2.83% 2.82%
3 Months 2.30% 2.18% 2.65%
Since Inception 59.18% 59.17% 61.64%

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 10/18/24

Technology Select Sector SPDR Fund (XLK) Price* 230.91
*Market Price as of 10/18/24

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short Technology Select Sector SPDR Call Option -$4,225,653 230 0.00% 11/15/2024 28

Top Holdings As of 10/21/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
54.53 XLK SPDR-TECH SEL S 2369709 231.99 19,640 4,556,283.60
6.99 AAPL APPLE INC 2046251 236.48 2,468 583,632.64
6.87 NVDA NVIDIA CORP 2379504 143.71 3,993 573,834.03
6.05 MSFT MICROSOFT CORP 2588173 418.78 1,207 505,467.46
2.15 AVGO BROADCOM INC BDZ78H9 179.99 996 179,270.04
1.43 CRM SALESFORCE INC 2310525 291.29 410 119,428.90
1.41 ORCL ORACLE CORP 2661568 173.76 676 117,461.76
1.29 AMD ADVANCED MICRO DEVICES 2007849 157.90 684 108,003.60
1.19 ACN ACCENTURE PLC-CL A B4BNMY3 376.03 265 99,647.95
1.15 CSCO CISCO SYSTEMS INC 2198163 56.59 1,704 96,429.36
1.11 ADBE ADOBE INC 2008154 497.71 187 93,071.77
1.08 IBM IBM 2005973 231.75 389 90,150.75
0.96 NOW SERVICENOW INC B80NXX8 918.34 87 79,895.58
0.95 QCOM QUALCOMM INC 2714923 169.01 471 79,603.71
0.95 CASH 1.00 79,539 79,538.71
0.90 TXN TEXAS INSTRUMENTS INC 2885409 195.77 386 75,567.22
0.87 INTU INTUIT INC 2459020 613.93 118 72,443.74
0.77 AMAT APPLIED MATERIALS INC 2046552 184.46 350 64,561.00
0.62 PANW PALO ALTO NETWORKS INC B87ZMX0 378.41 137 51,842.17
0.61 MU MICRON TECHNOLOGY INC 2588184 109.08 468 51,049.44
0.57 ADI ANALOG DEVICES INC 2032067 225.67 210 47,390.70
0.53 ANET ARISTA NETWORKS INC BN33VM5 406.01 109 44,255.09
0.49 INTC INTEL CORP 2463247 22.84 1,804 41,203.36
0.48 LRCX LAM RESEARCH CORP BSML4N7 72.84 550 40,062.00
0.46 KLAC KLA CORP 2480138 673.61 57 38,395.77
0.44 PLTR PALANTIR TECHN-A BN78DQ4 42.70 852 36,380.40
0.41 APH AMPHENOL CORP-CL A 2145084 66.87 508 33,969.96
0.40 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 477.10 70 33,397.00
0.39 SNPS SYNOPSYS INC 2867719 505.59 65 32,863.35
0.36 CRWD CROWDSTRIKE HO-A BJJP138 309.55 97 30,026.35
0.35 CDNS CADENCE DESIGN SYS INC 2302232 253.15 115 29,112.25
0.32 ADSK AUTODESK INC 2065159 289.78 91 26,369.98
0.30 ROP ROPER TECHNOLOGIES INC 2749602 556.80 45 25,056.00
0.30 NXPI NXP SEMICONDUCTORS NV B505PN7 230.15 107 24,626.05
0.26 FTNT FORTINET INC B5B2106 82.05 267 21,907.35
0.24 FICO FAIR ISAAC CORP 2330299 1,994.45 10 19,944.50
0.23 TEL TE CONNECTIVITY PLC BRC3N84 147.73 128 18,909.44
0.21 MPWR MONOLITHIC POWER B01Z7J1 883.26 20 17,665.20
0.20 IT GARTNER INC 2372763 531.35 32 17,003.20
0.20 MCHP MICROCHIP TECHNOLOGY INC 2592174 75.18 226 16,990.68
0.19 CTSH COGNIZANT TECH-A 2257019 76.87 208 15,988.96
0.18 DELL DELL TECHNOLOGIES -C BHKD3S6 125.22 121 15,151.02
0.18 GLW CORNING INC 2224701 47.03 322 15,143.66
0.18 HPQ HP INC BYX4D52 36.46 413 15,057.98
0.15 CDW CDW CORP/DE BBM5MD6 220.35 56 12,339.60
0.15 ANSS ANSYS INC 2045623 327.46 37 12,116.02
0.15 ON ON SEMICONDUCTOR 2583576 67.14 180 12,085.20
0.14 KEYS KEYSIGHT TECHNOLOGIES IN BQZJ0Q9 157.82 74 11,678.68
0.13 HPE HEWLETT PACKA BYVYWS0 19.97 550 10,983.50
0.13 NTAP NETAPP INC 2630643 125.32 86 10,777.52
0.13 TYL TYLER TECHNOLOGIES INC 2909644 586.77 18 10,561.86
0.12 SMCI SUPER MICRO COMPUTER INC BRC3N73 47.80 210 10,038.00
0.12 STX SEAGATE TECHNOLO BKVD2N4 112.41 88 9,892.08
0.12 GDDY GODADDY INC - CLASS A BWFRFC6 163.89 60 9,833.40
0.11 PTC PTC INC B95N910 184.81 51 9,425.31
0.11 WDC WESTERN DIGITAL CORP 2954699 67.26 136 9,147.36
0.11 TDY TELEDYNE TECHNOLOGIES INC 2503477 446.93 20 8,938.60
0.10 FSLR FIRST SOLAR INC B1HMF22 196.25 44 8,635.00
0.10 TER TERADYNE INC 2884183 125.93 68 8,563.24
0.10 ZBRA ZEBRA TECH CORP 2989356 372.59 22 8,196.98
0.08 AKAM AKAMAI TECHNOLOGIES INC 2507457 106.15 63 6,687.45
0.08 SWKS SKYWORKS SOLUTIONS INC 2961053 96.81 66 6,389.46
0.08 VRSN VERISIGN INC 2142922 187.17 34 6,363.78
0.08 TRMB TRIMBLE INC 2903958 60.77 103 6,259.31
0.07 GEN GEN DIGITAL INC BJN4XN5 26.80 229 6,137.20
0.07 JBL JABIL INC 2471789 124.37 48 5,969.76
0.07 JNPR JUNIPER NETWORKS INC 2431846 39.26 139 5,457.14
0.06 ENPH ENPHASE ENERGY INC B65SQW4 90.42 57 5,153.94
0.06 FFIV F5 INC 2427599 217.95 23 5,012.85
0.06 EPAM EPAM SYSTEMS INC B44Z3T8 199.98 23 4,599.54
0.05 QRVO QORVO INC BR9YYP4 102.20 39 3,985.80
-0.83 OTHER PAYABLE & RECEIVABLES 1.00 -69,705 -69,704.87
-1.60 2XLK US 11/15/2024 C230 732.50 -183 -134,047.61
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 09/30/24

Industry Weight (%)
Software & Services 39.6
Semiconductors & Semiconductor Equipment 35.3
Technology Hardware & Equipment 24.2
Capital Goods 0.9

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 10/18/24

Return on Equity 24.20%
Weighted Avg. Market Cap 647,733 M
2023 2024
Price-to-earnings 38.20 32.79
Price-to-book value 8.76 7.27

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 09/30/24

Versus Beta
S&P 500 0.87
NASDAQ-100 0.78
MSCI EAFE 0.55
MSCI Emg. Mkts 0.58
Standard Deviation 13.10%

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.