Global X Nasdaq 100 Covered Call & Growth ETF
QYLG
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 605 Third Avenue, 43rd Floor New York NY United States of America 10158
- IPO Date
- Sep 23, 2020
- Website
- globalxetfs.com
- Similar Companies
- Business
- Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) is an exchange-traded fund that employs a covered call or buy-write strategy on the Nasdaq 100 Index, seeking to generate income through the sale of call options on 50% of its portfolio while retaining exposure to half the upside potential of the underlying index; it tracks the Cboe Nasdaq-100 Half BuyWrite V2 Index, which holds a portfolio of Nasdaq 100 stocks and writes at-the-money call options on approximately 50% of the portfolio's value to capture premiums. The fund offers monthly distributions, with a history of consistent payments over five years; its portfolio is heavily weighted toward information technology (approximately 55%), followed by communication services (16%), consumer discretionary (13%), and health care (5%), with top holdings including NVIDIA Corp., Apple Inc., Microsoft Corp., Broadcom Inc., and Amazon.com Inc. QYLG targets income-seeking investors desiring Nasdaq 100 exposure balanced with enhanced yield potential and moderate growth participation, domiciled in the United States and listed on Nasdaq. Launched on September 18, 2020, and managed by Global X Management Company LLC, a New York-based ETF provider founded in 2008 and acquired by Mirae Asset Global Investments in 2018, the fund operates primarily in U.S. markets with global exposure via the multinational constituents of the Nasdaq 100. In recent developments, QYLG hit a new 52-week high amid heightened interest in covered call strategies during periods of market volatility, reflecting strong performance relative to its benchmark; Global X, as issuer, expanded its overall covered call suite with significant net inflows of $8.6 billion across products in 2024, surpassing $50 billion in total assets under management by year-end, including robust growth in income-oriented offerings like QYLG.