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Global X NASDAQ 100 Covered Call ETF
ETF
QYLD
Payout Change
Pending
Price as of:
$18.22
+0.05
+0.28%
primary theme
N/A
QYLD (ETF)
Global X NASDAQ 100 Covered Call ETF
Payout Change
Pending
Price as of:
$18.22
+0.05
+0.28%
primary theme
N/A
QYLD (ETF)
Global X NASDAQ 100 Covered Call ETF
Payout Change
Pending
Price as of:
$18.22
+0.05
+0.28%
primary theme
N/A
Name
As of 11/29/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
17.2%
1 yr return
20.2%
3 Yr Avg Return
6.0%
5 Yr Avg Return
6.8%
Net Assets
$7.94 B
Holdings in Top 10
50.7%
52 WEEK LOW AND HIGH
$18.2
$16.42
$18.55
Expenses
OPERATING FEES
Expense Ratio 0.61%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/29/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
QYLD - Profile
Distributions
- YTD Total Return 17.2%
- 3 Yr Annualized Total Return 6.0%
- 5 Yr Annualized Total Return 6.8%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.11%
- Dividend Yield 11.9%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameGlobal X NASDAQ 100 Covered Call ETF
-
Fund Family NameGlobal X Funds
-
Inception DateDec 11, 2013
-
Shares Outstanding380339242
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerNam To
Fund Description
The Fund invests at least 80% of its total assets in the securities of the CBOE NASDAQ-100® BuyWrite V2 Index (the "Underlying Index"). The Fund's 80% investment policy is non-fundamental and requires 60 days prior written notice to shareholders before it can be changed.
By investing in the Underlying Index, the Fund follows a "buy-write" (also called a covered call) investment strategy in which the Fund buys a stock or a basket of stocks, and also writes (or sells) call options that correspond to the stock or basket of stocks.
The CBOE NASDAQ-100® BuyWrite Index ("BXN Index") is a benchmark index that measures the performance of a theoretical portfolio that holds a portfolio of the stocks included in the NASDAQ-100® Index ("Reference Index"), and "writes" (or sells) a succession of one-month at-the-money Reference Index covered call options. The Underlying Index replicates the methodology used to calculate the BXN Index, with one exception: the written Reference Index covered call options are held until one day prior to the expiration dates (i.e., generally the Thursday preceding the third Friday of the month) and are liquidated at a volume-weighted average price determined at the close.
Each calendar month, the Fund will write (sell) a succession of one-month call options on the Reference Index and will cover such options by holding the securities underlying the options written. Each option written will (i) have an exercise price
generally at or above the prevailing market price of the Reference Index; (ii) be traded on a national securities exchange; (iii) be held until one day prior to the expiration date (i.e., generally the Thursday preceding the third Friday of the month) and are liquidated at a volume-weighted average price determined at the close (unless the Fund "closes out" the option through the repurchase of the option at the market close on the last day of trading); (iv) expire on its date of maturity (in the next calendar month); (v) only be subject to exercise on its expiration date; and (vi) be settled in cash. In return for the payment of a premium to the Fund, a purchaser of the call options written by the Fund is entitled to receive a cash payment from the Fund equal to the difference between the value of the Reference Index and the exercise price of the option if the value of the option on the expiration date is above its exercise price. The Fund's covered call options may partially protect the Fund from a decline in the price of the Reference Index through means of the premiums received by the Fund. However, when the equity market is rallying rapidly, the Underlying Index is expected to underperform the Reference Index.
The Underlying Index is sponsored by Nasdaq, Inc. (the "Index Provider"), which is an organization that is independent of, and unaffiliated with, the Fund and Global X Management Company LLC, the investment adviser for the Fund ("Adviser"). The Index Provider determines the relative weightings of the securities in the Underlying Index and publishes or designates a third-party index calculation agent to publish information regarding the market value of the Underlying Index.
The Adviser uses a "passive" or indexing approach to try to achieve the Fund's investment objective. Unlike many investment companies, the Fund does not try to "outperform" the Underlying Index and does not seek temporary defensive positions when markets decline or appear overvalued.
The Fund generally will use a replication strategy. A replication strategy is an indexing strategy that involves investing in the securities of the Underlying Index in approximately the same proportions as in the Underlying Index. However, the Fund may utilize a representative sampling strategy with respect to the Underlying Index when a replication strategy might be detrimental to shareholders, such as when there are practical difficulties or substantial costs involved in compiling a portfolio of equity securities to follow the Underlying Index, in instances in which a security in the Underlying Index becomes temporarily illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations (such as tax diversification requirements) that apply to the Fund but not the Underlying Index.
The Adviser expects that, over time, the correlation between the Fund's performance and that of the Underlying Index, before fees and expenses, will exceed 95%. A correlation percentage of 100% would indicate perfect correlation. If the Fund uses a replication strategy, it can be expected to have greater correlation to the Underlying Index than if it uses a representative sampling strategy.
The Fund concentrates its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. As of December 31, 2023, the Underlying Index had significant exposure to the information technology sector.
QYLD - Performance
Return Ranking - Trailing
| Period | QYLD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.2% | -2.8% | 240.8% | 99.60% |
| 1 Yr | 20.2% | -4.3% | 140.6% | 40.87% |
| 3 Yr | 6.0%* | -8.3% | 18.3% | 24.36% |
| 5 Yr | 6.8%* | -5.0% | 17.3% | 7.63% |
| 10 Yr | 3.6%* | -4.6% | 13.2% | N/A |
* Annualized
Return Ranking - Calendar
| Period | QYLD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.0% | -34.1% | 904.0% | 76.13% |
| 2022 | -28.3% | -28.6% | 438.4% | 52.02% |
| 2021 | -2.7% | -93.5% | 8.2% | N/A |
| 2020 | -3.4% | -38.9% | 19.8% | N/A |
| 2019 | 10.8% | -10.9% | 12.8% | N/A |
Total Return Ranking - Trailing
| Period | QYLD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.2% | -2.7% | 244.0% | 99.21% |
| 1 Yr | 20.2% | -4.3% | 140.6% | 38.26% |
| 3 Yr | 6.0%* | -8.3% | 18.3% | 22.44% |
| 5 Yr | 6.8%* | -5.4% | 17.3% | 7.63% |
| 10 Yr | 3.6%* | -4.6% | 13.2% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | QYLD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 22.7% | -34.1% | 904.0% | 76.13% |
| 2022 | -19.1% | -5.9% | 438.4% | 52.60% |
| 2021 | 9.3% | -81.2% | 8.2% | N/A |
| 2020 | 7.7% | -29.0% | 19.8% | N/A |
| 2019 | 15.7% | -10.9% | 12.8% | N/A |
QYLD - Holdings
Concentration Analysis
| QYLD | Category Low | Category High | QYLD % Rank | |
|---|---|---|---|---|
| Net Assets | 7.94 B | 25 | 17.4 B | 4.12% |
| Number of Holdings | 102 | 2 | 508 | 25.95% |
| Net Assets in Top 10 | 4.17 B | -6.66 M | 5.12 B | 5.34% |
| Weighting of Top 10 | 50.66% | 11.3% | 100.0% | 33.33% |
Top 10 Holdings
- APPLE INC COMMON STOCK 9.10%
- MICROSOFT CORP COMMON STOCK 8.31%
- NVIDIA CORP COMMON STOCK 7.69%
- AMAZON.COM INC COMMON STOCK 5.20%
- BROADCOM INC COMMON STOCK 5.14%
- META PLATFORMS INC COMMON STOCK 4.42%
- TESLA INC COMMON STOCK 3.00%
- ALPHABET INC-CL A COMMON STOCK 2.69%
- ALPHABET INC-CL C COMMON STOCK 2.60%
- COSTCO WHOLESALE CORP COMMON STOCK 2.52%
Asset Allocation
| Weighting | Return Low | Return High | QYLD % Rank | |
|---|---|---|---|---|
| Stocks | 101.13% | -3.92% | 100.76% | 17.94% |
| Cash | 0.07% | -0.76% | 100.29% | 81.68% |
| Preferred Stocks | 0.00% | 0.00% | 3.08% | 80.15% |
| Convertible Bonds | 0.00% | 0.00% | 20.91% | 81.30% |
| Bonds | 0.00% | 0.00% | 97.96% | 81.30% |
| Other | -1.20% | 0.00% | 45.92% | 83.59% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | QYLD % Rank | |
|---|---|---|---|---|
| Technology | 48.67% | 0.00% | 44.43% | 1.26% |
| Communication Services | 17.07% | 0.00% | 21.22% | 1.26% |
| Consumer Cyclical | 15.25% | 0.00% | 19.02% | 1.68% |
| Healthcare | 6.44% | 0.00% | 25.91% | 93.70% |
| Consumer Defense | 6.05% | 0.00% | 22.87% | 92.02% |
| Industrials | 4.31% | 1.41% | 43.91% | 97.48% |
| Utilities | 1.37% | 0.00% | 13.35% | 93.28% |
| Financial Services | 0.86% | 0.00% | 29.60% | 96.64% |
| Real Estate | 0.00% | 0.00% | 9.74% | 97.06% |
| Energy | 0.00% | 0.00% | 69.54% | 98.74% |
| Basic Materials | 0.00% | 0.00% | 60.58% | 98.74% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | QYLD % Rank | |
|---|---|---|---|---|
| US | 101.13% | -3.89% | 100.00% | 45.80% |
| Non US | 0.00% | -2.17% | 99.33% | 19.47% |
QYLD - Expenses
Operational Fees
| QYLD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.61% | 0.20% | 6.78% | 95.06% |
| Management Fee | 0.60% | 0.20% | 1.75% | 14.55% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.02% | 0.28% | N/A |
Sales Fees
| QYLD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 4.75% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| QYLD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| QYLD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 456.80% | 54.91% |
QYLD - Distributions
Dividend Yield Analysis
| QYLD | Category Low | Category High | QYLD % Rank | |
|---|---|---|---|---|
| Dividend Yield | 11.88% | 0.00% | 3.76% | 0.37% |
Dividend Distribution Analysis
| QYLD | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annually | Monthly | Annually |
Net Income Ratio Analysis
| QYLD | Category Low | Category High | QYLD % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.11% | -2.54% | 14.24% | 53.28% |
Capital Gain Distribution Analysis
| QYLD | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 18, 2024 | $0.180 | OrdinaryDividend |
| Oct 21, 2024 | $0.183 | OrdinaryDividend |
| Sep 23, 2024 | $0.181 | OrdinaryDividend |
| Aug 19, 2024 | $0.179 | OrdinaryDividend |
| Jul 22, 2024 | $0.177 | OrdinaryDividend |
| Jun 24, 2024 | $0.169 | OrdinaryDividend |
| Apr 22, 2024 | $0.172 | OrdinaryDividend |
| Mar 18, 2024 | $0.178 | OrdinaryDividend |
| Feb 20, 2024 | $0.177 | OrdinaryDividend |
| Jan 22, 2024 | $0.179 | OrdinaryDividend |
| Dec 28, 2023 | $0.166 | OrdinaryDividend |
| Nov 20, 2023 | $0.161 | OrdinaryDividend |
| Oct 23, 2023 | $0.167 | OrdinaryDividend |
| Sep 18, 2023 | $0.172 | OrdinaryDividend |
| Aug 21, 2023 | $0.173 | OrdinaryDividend |
| Jul 24, 2023 | $0.180 | OrdinaryDividend |
| Jun 20, 2023 | $0.177 | OrdinaryDividend |
| May 22, 2023 | $0.168 | OrdinaryDividend |
| Apr 24, 2023 | $0.173 | OrdinaryDividend |
| Mar 20, 2023 | $0.169 | OrdinaryDividend |
| Feb 21, 2023 | $0.167 | OrdinaryDividend |
| Jan 23, 2023 | $0.170 | OrdinaryDividend |
| Dec 29, 2022 | $0.161 | OrdinaryDividend |
| Nov 21, 2022 | $0.165 | OrdinaryDividend |
| Oct 24, 2022 | $0.156 | ReturnOfCapital |
| Oct 24, 2022 | $0.007 | OrdinaryDividend |
| Sep 19, 2022 | $0.158 | ReturnOfCapital |
| Sep 19, 2022 | $0.007 | OrdinaryDividend |
| Aug 22, 2022 | $0.174 | ReturnOfCapital |
| Aug 22, 2022 | $0.008 | OrdinaryDividend |
| Jul 18, 2022 | $0.173 | ReturnOfCapital |
| Jul 18, 2022 | $0.008 | OrdinaryDividend |
| Jun 21, 2022 | $0.166 | ReturnOfCapital |
| Jun 21, 2022 | $0.007 | OrdinaryDividend |
| May 23, 2022 | $0.171 | ReturnOfCapital |
| May 23, 2022 | $0.008 | OrdinaryDividend |
| Apr 18, 2022 | $0.197 | ReturnOfCapital |
| Apr 18, 2022 | $0.009 | OrdinaryDividend |
| Mar 21, 2022 | $0.201 | ReturnOfCapital |
| Mar 21, 2022 | $0.009 | OrdinaryDividend |
| Feb 22, 2022 | $0.194 | ReturnOfCapital |
| Feb 22, 2022 | $0.009 | OrdinaryDividend |
| Jan 24, 2022 | $0.195 | ReturnOfCapital |
| Jan 24, 2022 | $0.009 | OrdinaryDividend |
| Dec 30, 2021 | $0.499 | CapitalGainShortTerm |
| Nov 22, 2021 | $0.225 | OrdinaryDividend |
| Oct 18, 2021 | $0.197 | OrdinaryDividend |
| Sep 20, 2021 | $0.190 | OrdinaryDividend |
| Aug 23, 2021 | $0.188 | OrdinaryDividend |
| Jul 19, 2021 | $0.223 | OrdinaryDividend |
| Jun 21, 2021 | $0.194 | OrdinaryDividend |
| May 24, 2021 | $0.221 | OrdinaryDividend |
| Apr 19, 2021 | $0.228 | OrdinaryDividend |
| Mar 22, 2021 | $0.224 | OrdinaryDividend |
| Feb 22, 2021 | $0.233 | OrdinaryDividend |
| Dec 30, 2020 | $0.230 | OrdinaryDividend |
| Oct 19, 2020 | $0.217 | ReturnOfCapital |
| Sep 21, 2020 | $0.212 | ReturnOfCapital |
| Aug 24, 2020 | $0.220 | ReturnOfCapital |
| Jul 20, 2020 | $0.214 | ReturnOfCapital |
| Jun 22, 2020 | $0.209 | ReturnOfCapital |
| May 18, 2020 | $0.204 | ReturnOfCapital |
| Apr 20, 2020 | $0.199 | ReturnOfCapital |
| Mar 23, 2020 | $0.181 | ReturnOfCapital |
| Feb 24, 2020 | $0.238 | ReturnOfCapital |
| Jan 21, 2020 | $0.199 | ReturnOfCapital |
| Dec 30, 2019 | $0.165 | OrdinaryDividend |
| Nov 20, 2019 | $0.195 | OrdinaryDividend |
| Oct 23, 2019 | $0.096 | OrdinaryDividend |
| Oct 23, 2019 | $0.064 | CapitalGainLongTerm |
| Sep 25, 2019 | $0.149 | OrdinaryDividend |
| Aug 21, 2019 | $0.194 | OrdinaryDividend |
| Jul 24, 2019 | $0.146 | OrdinaryDividend |
QYLD - Fund Manager Analysis
Managers
Nam To
Start Date
Tenure
Tenure Rank
Oct 01, 2018
3.67
3.7%
Nam To, CFA, joined Global X Management Company LLC in July 2017 as a Portfolio Management Analyst. Mr. To has been a Portfolio Manager of the Fund since March 1, 2018. Previously, Mr. To was a Global Economics Research Analyst at Bunge Limited from 2014 through 2017 and an Advisory and Investment Analyst at Horizon Capital Group from June 2013 through August 2013. Mr. To received his Bachelor of Arts in Philosophy and Economics from Cornell University in 2014.
Wayne Xie
Start Date
Tenure
Tenure Rank
Mar 01, 2019
3.25
3.3%
Wayne Xie joined the Global X Management Company LLC in July 2018 as a Portfolio Management Associate. Previously, Mr. Xie was an Analyst at VanEck Associates on the Equity ETF Investment Management team from 2010 to 2018 and a Portfolio Administrator at VanEck Associates from 2007 to 2010. Mr. Xie received his BS in Business Administration from State University of New York at Buffalo.
Kimberly Chan
Start Date
Tenure
Tenure Rank
Jun 10, 2019
2.98
3.0%
Kimberly Chan is a Portfolio Management Associate. Previously, Ms. Chan was a US Associate Trader at Credit Agricole from 2016 to 2018, and an Investment Analyst at MetLife Investments from 2015 to 2016. Ms. Chan received her Bachelor of Science from New York University in 2015.
Vanessa Yang
Start Date
Tenure
Tenure Rank
Dec 31, 2020
1.41
1.4%
Vanessa Yang, Portfolio Management Associate, joined Global X Management Company LLC in 2016 as a Portfolio Administrator. She was appointed to the portfolio management team in June 2019. Previously, Ms. Yang was a Portfolio Administrator at VanEck Associates from 2011 to 2014. Ms. Yang received her MS in Financial Engineering from Drucker School of Management in 2010 and her BS in Economics from Guangdong University of Foreign Studies in 2008.
Sandy Lu
Start Date
Tenure
Tenure Rank
Mar 01, 2022
0.25
0.3%
Sandy Lu, CFA, Portfolio Manager, joined the Adviser in September 2021. Previously, Mr. Lu worked at PGIM Fixed Income from 2014 to 2021, where he led the portfolio analyst team covering Emerging Markets Debt. He began his career in 2010 as an Investment Analyst at Lincoln Financial Group. Mr. Lu graduated with a B.S. in Economics from the Wharton School of the University of Pennsylvania. He earned his CFA designation in September 2015, and holds the Series 3 license.
William Helm
Start Date
Tenure
Tenure Rank
Mar 01, 2022
0.25
0.3%
William Helm, CFA, Portfolio Manager, joined the Adviser in September 2021. Previously, Mr. Helm spent 14 years at Vanguard where he most recently served as an Equity Portfolio Manager and Trader. Previously, he held roles in Portfolio Review, Corporate Strategy and Corporate Finance. Mr. Helm received his BBA in Economics from Belmont University in 2007 and his MBA from Columbia Business School in 2020.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 19.77 | 3.61 | 5.67 |
