Model Portfolios | Institutional | News | Contact

QYLG

Nasdaq 100 Covered Call & Growth ETF

Reasons to Consider QYLG

High Income Potential

QYLG seeks to generate income by writing covered calls on the underlying index.

Upside Potential

By writing calls on 50% of the portfolio, the strategy allows investors to capture half the upside potential of the underlying index.

Monthly Distributions

QYLG has made monthly distributions 3 years running.

Key Information As of 11/22/23

Inception Date 09/18/20
Total Expense Ratio 0.60%
Net Assets $110.91 million
NAV $27.87
Fact Sheet View the document

ETF Summary

The Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) follows a “covered call” or “buy-write” strategy, in which the Fund buys the stocks in the Nasdaq 100 Index and “writes” or “sells” corresponding call options on approximately 50% of the value of the portfolio of stocks in the same index.

ETF Objective

The Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe Nasdaq-100 Half BuyWrite V2 Index.

Trading Details As of 11/22/23

Ticker QYLG
Bloomberg Index Ticker BXNH
CUSIP 37954Y269
ISIN US37954Y2697
Primary Exchange Nasdaq
Shares Outstanding 3,980,000
Number of Holdings 102
30-Day Median Bid-Ask Spread 0.30%

Distributions As of 11/22/23

30-Day SEC Yield 0.32%
12-Month Trailing Yield 5.66%
Distribution Yield 5.59%
Distribution Frequency Monthly

ETF Prices As of 11/22/23

NAV $27.87 Daily Change $0.10 0.36%
Market Price $27.87 Daily Change $0.15 0.54%

Performance History

As of recent
(09/30/23)
As of recent
(09/30/23)
Fund NAV Market Price Index
1 Year 27.79% 27.48% 28.66%
3 Years 6.61% 6.56% 7.29%
Since Inception 7.83% 7.77% 8.47%
1 Year 21.43% 21.07% 22.23%
3 Years 7.38% 7.46% 8.06%
Since Inception 7.23% 7.19% 7.87%
Year-to-Date 24.97% 25.06% 25.56%
1 Month -4.02% -4.20% -3.97%
3 Months -2.81% -2.89% -2.63%
Since Inception 25.68% 25.47% 27.96%
Year-to-Date 23.62% 23.75% 24.28%
1 Month -1.09% -1.05% -1.02%
3 Months -6.90% -7.08% -6.70%
Since Inception 24.31% 24.16% 26.65%

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 11/22/23

Nasdaq 100 Price 16,001.40

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short NASDAQ Call Option -$54,404,711 15825 0.00% 12/15/2023 23

Top Holdings As of 11/24/23

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
11.17 AAPL APPLE INC 2046251 189.97 65,205 12,386,993.85
10.54 MSFT MICROSOFT CORP 2588173 377.43 30,987 11,695,423.41
5.69 AMZN AMAZON.COM INC 2000019 146.74 43,039 6,315,542.86
4.44 NVDA NVIDIA CORP 2379504 477.76 10,304 4,922,839.04
3.96 META META PLATFORMS INC B7TL820 338.23 12,998 4,396,313.54
3.26 AVGO BROADCOM INC BDZ78H9 978.87 3,693 3,614,966.91
3.05 GOOGL ALPHABET INC-CL A BYVY8G0 136.69 24,756 3,383,897.64
3.02 GOOG ALPHABET INC-CL C BYY88Y7 138.22 24,206 3,345,753.32
2.81 TSLA TESLA INC B616C79 235.45 13,245 3,118,535.25
2.28 ADBE ADOBE INC 2008154 619.43 4,080 2,527,274.40
2.12 COST COSTCO WHOLESALE CORP 2701271 591.36 3,970 2,347,699.20
1.88 PEP PEPSICO INC 2681511 169.37 12,324 2,087,315.88
1.72 NFLX NETFLIX INC 2857817 479.56 3,968 1,902,894.08
1.60 AMD ADVANCED MICRO DEVICES 2007849 122.31 14,467 1,769,458.77
1.59 CSCO CISCO SYSTEMS INC 2198163 48.36 36,488 1,764,559.68
1.49 INTC INTEL CORP 2463247 43.96 37,503 1,648,631.88
1.42 TMUS T-MOBILE US INC B94Q9V0 148.98 10,536 1,569,653.28
1.42 CMCSA COMCAST CORP-CLASS A 2044545 42.58 36,858 1,569,413.64
1.28 INTU INTUIT INC 2459020 564.07 2,508 1,414,687.56
1.15 QCOM QUALCOMM INC 2714923 127.75 9,997 1,277,116.75
1.15 AMGN AMGEN INC 2023607 265.46 4,792 1,272,084.32
1.13 TXN TEXAS INSTRUMENTS INC 2885409 153.59 8,134 1,249,301.06
1.04 HON HONEYWELL INTL 2020459 193.41 5,949 1,150,596.09
1.02 AMAT APPLIED MATERIALS INC 2046552 150.34 7,496 1,126,948.64
0.95 SBUX STARBUCKS CORP 2842255 102.78 10,264 1,054,933.92
0.90 ISRG INTUITIVE SURGICAL INC 2871301 318.01 3,149 1,001,413.49
0.90 BKNG BOOKING HOLDINGS INC BDRXDB4 3,115.59 320 996,988.80
0.79 MDLZ MONDELEZ INTER-A B8CKK03 71.62 12,197 873,549.14
0.77 LRCX LAM RESEARCH CORP 2502247 717.50 1,188 852,390.00
0.77 ADP AUTOMATIC DATA PROCESSING 2065308 230.66 3,694 852,058.04
0.76 GILD GILEAD SCIENCES INC 2369174 75.38 11,172 842,145.36
0.74 ADI ANALOG DEVICES INC 2032067 183.05 4,468 817,867.40
0.74 VRTX VERTEX PHARM 2931034 353.04 2,314 816,934.56
0.68 REGN REGENERON PHARMACEUTICALS 2730190 798.30 948 756,788.40
0.67 MU MICRON TECHNOLOGY INC 2588184 76.87 9,724 747,483.88
0.66 SNPS SYNOPSYS INC 2867719 542.69 1,350 732,631.50
0.65 PANW PALO ALTO NETWORKS INC B87ZMX0 266.08 2,714 722,141.12
0.62 PDD PDD HOLDINGS INC BYVW0F7 118.70 5,782 686,323.40
0.62 MELI MERCADOLIBRE INC B23X1H3 1,535.50 445 683,297.50
0.61 KLAC KLA CORP 2480138 555.64 1,213 673,991.32
0.60 CASH 1.00 661,557 661,557.07
0.59 CDNS CADENCE DESIGN SYS INC 2302232 270.61 2,412 652,711.32
0.52 CSX CSX CORP 2160753 32.64 17,794 580,796.16
0.50 MAR MARRIOTT INTL-A 2210614 208.93 2,645 552,619.85
0.49 PYPL PAYPAL HOLDINGS INC BYW36M8 55.76 9,738 542,990.88
0.49 CHTR CHARTER COMMUN-A BZ6VT82 405.92 1,327 538,655.84
0.48 ASML ASML HOLDING-NY B908F01 691.18 769 531,517.42
0.48 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 987.16 534 527,143.44
0.46 MNST MONSTER BEVERAGE CORP BZ07BW4 55.17 9,287 512,363.79
0.45 CTAS CINTAS CORP 2197137 554.90 902 500,519.80
0.44 ABNB AIRBNB INC-CLASS A BMGYYH4 128.37 3,779 485,110.23
0.42 LULU LULULEMON ATHLETICA INC B23FN39 431.76 1,076 464,573.76
0.41 NXPI NXP SEMICONDUCTORS NV B505PN7 200.12 2,285 457,274.20
0.39 WDAY WORKDAY INC-CLASS A B8K6ZD1 236.61 1,834 433,942.74
0.39 CPRT COPART INC 2208073 50.81 8,458 429,750.98
0.39 MRVL MARVELL TECHNOLOGY INC BNKJSM5 56.03 7,642 428,181.26
0.38 PCAR PACCAR INC 2665861 92.00 4,631 426,052.00
0.38 CRWD CROWDSTRIKE HO-A BJJP138 210.66 2,002 421,741.32
0.36 KDP KEURIG DR PEPPER INC BD3W133 32.62 12,372 403,574.64
0.36 MCHP MICROCHIP TECHNOLOGY INC 2592174 83.26 4,820 401,313.20
0.36 ROST ROSS STORES INC 2746711 131.09 3,015 395,236.35
0.35 ODFL OLD DOMINION FREIGHT LINE 2656423 404.32 967 390,977.44
0.35 DXCM DEXCOM INC B0796X4 112.95 3,433 387,757.35
0.35 ADSK AUTODESK INC 2065159 203.42 1,893 385,074.06
0.34 KHC KRAFT HEINZ CO/THE BYRY499 34.94 10,872 379,867.68
0.34 PAYX PAYCHEX INC 2674458 118.50 3,191 378,133.50
0.34 FTNT FORTINET INC B5B2106 53.43 6,949 371,285.07
0.32 AEP AMERICAN ELECTRIC POWER 2026242 78.50 4,559 357,881.50
0.32 SGEN SEAGEN INC BLPK4D2 214.45 1,661 356,201.45
0.32 CEG CONSTELLATION ENERGY BMH4FS1 123.86 2,846 352,505.56
0.32 IDXX IDEXX LABORATORIES INC 2459202 478.18 734 350,984.12
0.31 EXC EXELON CORP 2670519 39.19 8,807 345,146.33
0.30 AZN ASTRAZENECA PLC-SPONS ADR 2989044 64.50 5,153 332,368.50
0.30 EA ELECTRONIC ARTS INC 2310194 136.60 2,396 327,293.60
0.29 CTSH COGNIZANT TECH-A 2257019 71.17 4,465 317,774.05
0.28 FAST FASTENAL CO 2332262 60.96 5,051 307,908.96
0.28 VRSK VERISK ANALYTICS INC B4P9W92 239.54 1,282 307,090.28
0.28 CSGP COSTAR GROUP INC 2262864 84.78 3,609 305,971.02
0.27 BKR BAKER HUGHES CO BDHLTQ5 33.89 8,923 302,400.47
0.27 DDOG DATADOG INC - CLASS A BKT9Y49 112.87 2,643 298,315.41
0.27 BIIB BIOGEN INC 2455965 231.95 1,280 296,896.00
0.27 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 73.71 4,019 296,240.49
0.27 XEL XCEL ENERGY INC 2614807 60.52 4,875 295,035.00
0.24 GFS GLOBALFOUNDRIES INC BMW7F63 55.96 4,838 270,734.48
0.24 TTD TRADE DESK INC-A BD8FDD1 67.27 3,940 265,043.80
0.24 ON ON SEMICONDUCTOR 2583576 69.28 3,811 264,026.08
0.24 MRNA MODERNA INC BGSXTS3 78.52 3,360 263,827.20
0.22 ZS ZSCALER INC BZ00V34 193.09 1,287 248,506.83
0.22 TEAM ATLASSIAN CORP-CL A BQ1PC76 181.59 1,353 245,691.27
0.22 FANG DIAMONDBACK ENERGY INC B7Y8YR3 154.63 1,578 244,006.14
0.21 WBD WARNER BROS DISCOVERY INC BM8JYX3 10.85 21,487 233,133.95
0.21 ANSS ANSYS INC 2045623 297.90 765 227,893.50
0.21 DLTR DOLLAR TREE INC 2272476 117.32 1,940 227,600.80
0.18 EBAY EBAY INC 2293819 41.48 4,684 194,292.32
0.15 SIRI SIRIUS XM HOLDINGS INC BGLDK10 4.93 33,780 166,535.40
0.14 WBA WALGREENS BOOTS BTN1Y44 20.85 7,581 158,063.85
0.13 ALGN ALIGN TECHNOLOGY INC 2679204 219.48 671 147,271.08
0.13 ZM ZOOM VIDEO COM-A BGSP7M9 64.53 2,230 143,901.90
0.12 ILMN ILLUMINA INC 2613990 98.34 1,387 136,397.58
0.11 ENPH ENPHASE ENERGY INC B65SQW4 100.22 1,190 119,261.80
0.10 JD JD.COM INC-ADR BMM27D9 28.76 3,959 113,860.84
0.08 LCID LUCID GROUP INC BP0TR77 4.24 19,724 83,629.76
-0.43 OTHER PAYABLE & RECEIVABLES 1.00 -479,436 -479,435.98
-1.01 NDX US 12/15/23 C15825 32,835.00 -34 -1,116,390.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 10/31/23

Sector Weight (%)
Information Technology 50.7
Communication Services 15.7
Consumer Discretionary 14.1
Health Care 6.8
Consumer Staples 6.3
Industrials 4.0
Utilities 1.3
Energy 0.6
Financials 0.5

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Packaged Software 16.7
Semiconductors 14.2
Internet Software/Services 12.4
Telecommunications Equipment 12.1
Internet Retail 6.4
Biotechnology 4.7
Beverages: Non-Alcoholic 2.9
Specialty Stores 2.7
Motor Vehicles 2.6
Information Technology Services 2.6
Cable/Satellite TV 2.3
Other 20.4

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 11/22/23

Return on Equity 26.60%
Weighted Avg. Market Cap 939,056 M
2022 2023
Price-to-earnings 29.23 26.41
Price-to-book value 7.38 6.72

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 10/31/23

Versus Beta
S&P 500 0.90
NASDAQ-100 0.78
MSCI EAFE 0.72
MSCI Emg. Mkts 0.60
Standard Deviation 17.70%

Source: new windowAltaVista Research, LLC

ETF Research

Using Options Strategies in a Rising Rate Environment

Read the Full ArticleRead More

ETF Documents

Investing involves risk, including the possible loss of principal. Concentration in a particular industry or sector will subject QYLG to loss due to adverse occurrences that may affect that industry or sector. Investors in QYLG should be willing to accept a high degree of volatility in the price of the fund’s shares and the possibility of significant losses.

QYLG 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. QYLG writes covered call index options on the Nasdaq 100 Index. 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. QYLG 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.

Since the Fund’s shares did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in Shares, the NAV of the Fund is used to calculate market returns.

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 Nasdaq or Cboe, nor do these entities 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 these entities.