Symbols

QYLG

Global X Nasdaq 100 Covered Call & Growth ETF·NASDAQ

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Key Stats

Assets Under Management

144.20MUSD

Fund Flows (1Y)

36.14MUSD

Dividend Yield

37.16%

Discount/Premium to NAV

0.10%

Shares Outstanding

4.77M

Expense Ratio

0.35%

About Global X Nasdaq 100 Covered Call & Growth ETF

Issuer

Global X Management Company LLC

Brand

Global X

Home Page

https://www.globalxetfs.com/funds/qylg

Inception Date

Sep 18, 2020

Structure

Open-Ended Fund

Index Tracked

Cboe Nasdaq-100 Half BuyWrite V2 Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Global X Management Co. LLC

Distributor

SEI Investments Distribution Co.

QYLG is passively managed to provide both the potential for growth and some yield from the Nasdaq 100 Index. The fund provides Nasdaq-100 exposure but earns some income by selling one-month, at-the-money call options on half of the portfolio. The fund looks to earn some premium income from half of the portfolio while allowing the other half upside potential. Holding the various positions and writing index call options inside an ETF wrapper is a more efficient way to access the strategy. The strategy should reduce volatility and help generate some income, compared to the index itself, but it also places a drag on the overall upside potential.