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 03/28/24

Inception Date 11/21/22
Gross Expense Ratio 0.65%
Net Expense Ratio* 0.60%
Net Assets $8.30 million
NAV $31.92
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 03/27/24

Ticker TYLG
Bloomberg Index Ticker BXLKH
CUSIP 37960A743
ISIN US37960A7431
Primary Exchange NYSE Arca
Shares Outstanding 260,000
Number of Holdings 67
30-Day Median Bid-Ask Spread 0.41%

Distributions As of 03/28/24

30-Day SEC Yield 0.21%
Unsubsidized 30-Day SEC Yield 0.16%
12-Month Trailing Yield 11.95%
Distribution Yield 7.07%
Distribution Frequency Monthly

ETF Prices As of 03/28/24

NAV $31.92 Daily Change -$0.02 -0.06%
Market Price $31.96 Daily Change $0.03 0.09%

Performance History

As of recent
(12/31/23)
As of recent
(12/31/23)
Fund NAV Market Price Index
1 Year 41.59% 41.48% 42.52%
Since Inception 34.12% 34.04% 34.94%
1 Year 39.30% 39.16% 40.31%
Since Inception 35.21% 35.26% 36.15%
Year-to-Date 41.59% 41.48% 42.52%
1 Month 3.32% 3.12% 3.13%
3 Months 13.48% 13.36% 13.72%
Since Inception 38.51% 38.41% 39.45%
Year-to-Date 6.03% 6.16% 6.25%
1 Month 3.71% 3.47% 3.75%
3 Months 9.55% 9.46% 9.57%
Since Inception 46.86% 46.93% 48.16%

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 03/28/24

Technology Select Sector SPDR Fund (XLK) Price* 208.27
*Market Price as of 03/28/24

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short Technology Select Sector SPDR Call Option -$4,165,400 210 0.83% 04/19/2024 22

Top Holdings As of 03/28/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
55.06 XLK SPDR-TECH SEL S 2369709 208.27 21,940 4,569,443.80
10.99 MSFT MICROSOFT CORP 2588173 420.72 2,167 911,700.24
8.74 AAPL APPLE INC 2046251 171.48 4,231 725,531.88
2.09 NVDA NVIDIA CORP 2379504 903.56 192 173,483.52
2.08 AVGO BROADCOM INC BDZ78H9 1,325.41 130 172,303.30
1.38 CRM SALESFORCE INC 2310525 301.18 379 114,147.22
1.37 AMD ADVANCED MICRO DEVICES 2007849 180.49 630 113,708.70
1.09 ADBE ADOBE INC 2008154 504.60 179 90,323.40
1.01 ACN ACCENTURE PLC-CL A B4BNMY3 346.61 241 83,533.01
0.96 CSCO CISCO SYSTEMS INC 2198163 49.91 1,591 79,406.81
0.95 ORCL ORACLE CORP 2661568 125.61 625 78,506.25
0.89 QCOM QUALCOMM INC 2714923 169.30 435 73,645.50
0.88 INTC INTEL CORP 2463247 44.17 1,652 72,968.84
0.84 INTU INTUIT INC 2459020 650.00 107 69,550.00
0.83 IBM IBM 2005973 190.96 361 68,936.56
0.80 AMAT APPLIED MATERIALS INC 2046552 206.23 320 65,993.60
0.75 TXN TEXAS INSTRUMENTS INC 2885409 174.21 357 62,192.97
0.73 NOW SERVICENOW INC B80NXX8 762.40 79 60,229.60
0.62 MU MICRON TECHNOLOGY INC 2588184 117.89 438 51,635.82
0.61 LRCX LAM RESEARCH CORP 2502247 971.57 52 50,521.64
0.45 ADI ANALOG DEVICES INC 2032067 197.79 188 37,184.52
0.44 KLAC KLA CORP 2480138 698.57 52 36,325.64
0.43 PANW PALO ALTO NETWORKS INC B87ZMX0 284.13 125 35,516.25
0.39 CDNS CADENCE DESIGN SYS INC 2302232 311.28 105 32,684.40
0.39 SNPS SYNOPSYS INC 2867719 571.50 57 32,575.50
0.35 ANET ARISTA NETWORKS INC BN33VM5 289.98 101 29,287.98
0.32 APH AMPHENOL CORP-CL A 2145084 115.35 233 26,876.55
0.31 NXPI NXP SEMICONDUCTORS NV B505PN7 247.77 102 25,272.54
0.29 ROP ROPER TECHNOLOGIES INC 2749602 560.84 43 24,116.12
0.27 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 354.98 64 22,718.72
0.25 ADSK AUTODESK INC 2065159 260.42 80 20,833.60
0.24 SMCI SUPER MICRO COMPUTER INC B1VQR35 1,010.03 20 20,200.60
0.23 MCHP MICROCHIP TECHNOLOGY INC 2592174 89.71 209 18,749.39
0.22 TEL TE CONNECTIVITY LTD B62B7C3 145.24 125 18,155.00
0.21 FTNT FORTINET INC B5B2106 68.31 251 17,145.81
0.17 CTSH COGNIZANT TECH-A 2257019 73.29 189 13,851.81
0.16 IT GARTNER INC 2372763 476.67 28 13,346.76
0.16 CDW CDW CORP/DE BBM5MD6 255.78 52 13,300.56
0.16 MPWR MONOLITHIC POWER B01Z7J1 677.42 19 12,870.98
0.15 FICO FAIR ISAAC CORP 2330299 1,249.61 10 12,496.10
0.14 ON ON SEMICONDUCTOR 2583576 73.55 161 11,841.55
0.14 KEYS KEYSIGHT TECHNOLOGIES IN BQZJ0Q9 156.38 73 11,415.74
0.13 ANSS ANSYS INC 2045623 347.16 30 10,414.80
0.12 HPQ HP INC BYX4D52 30.22 336 10,153.92
0.12 GLW CORNING INC 2224701 32.96 301 9,920.96
0.11 PTC PTC INC B95N910 188.94 49 9,258.06
0.11 HPE HEWLETT PACKA BYVYWS0 17.73 503 8,918.19
0.11 CASH 1.00 8,864 8,863.61
0.10 WDC WESTERN DIGITAL CORP 2954699 68.24 127 8,666.48
0.10 NTAP NETAPP INC 2630643 104.97 79 8,292.63
0.10 TDY TELEDYNE TECHNOLOGIES INC 2503477 429.32 19 8,157.08
0.09 FSLR FIRST SOLAR INC B1HMF22 168.80 46 7,764.80
0.09 TYL TYLER TECHNOLOGIES INC 2909644 425.01 17 7,225.17
0.09 STX SEAGATE TECHNOLO BKVD2N4 93.05 76 7,071.80
0.08 ZBRA ZEBRA TECH CORP 2989356 301.44 23 6,933.12
0.08 JBL JABIL INC 2471789 133.95 50 6,697.50
0.08 EPAM EPAM SYSTEMS INC B44Z3T8 276.16 24 6,627.84
0.08 TRMB TRIMBLE INC 2903958 64.36 99 6,371.64
0.08 ENPH ENPHASE ENERGY INC B65SQW4 120.98 52 6,290.96
0.08 TER TERADYNE INC 2884183 112.83 55 6,205.65
0.07 SWKS SKYWORKS SOLUTIONS INC 2961053 108.32 57 6,174.24
0.07 AKAM AKAMAI TECHNOLOGIES INC 2507457 108.76 55 5,981.80
0.07 VRSN VERISIGN INC 2142922 189.51 30 5,685.30
0.06 GEN GEN DIGITAL INC BJN4XN5 22.40 211 4,726.40
0.06 JNPR JUNIPER NETWORKS INC 2431846 37.06 125 4,632.50
0.06 FFIV F5 INC 2427599 189.59 24 4,550.16
0.04 QRVO QORVO INC BR9YYP4 114.83 31 3,559.73
-0.02 OTHER PAYABLE & RECEIVABLES 1.00 -1,474 -1,473.79
-0.64 2XLK US 04/19/2024 C210 266.50 -200 -53,300.06
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.