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QYLD
Global X NASDAQ 100 Covered Call ETF
Global X Management Company LLC
Verdict
Weighted score · Pro 🔒
Fund Identity
What it is, who runs it, where it lives.
The Global X NASDAQ 100® Covered Call ETF (the "Fund") seeks to provide investment results that closely correspond, before fees and expenses, generally to the price and yield performance of the Cboe NASDAQ-100® BuyWrite V2 Index™ (the "Underlying Index")..
The Fund invests at least 80% of its total assets in the securities of the Cboe NASDAQ-100® BuyWrite V2 Index™ using a buy-write (covered call) strategy. Each calendar month, the Fund holds the stocks underlying the NASDAQ-100® Index and writes (sells) one-month at-the-money call options on that Reference Index. The written options are held until one day prior to expiration and liquidated at a volume-weighted average price. The Fund uses a passive replication approach and does not seek to outperform its Underlying Index.
Ticker
QYLD
Issuer
Global X Management Company LLC
Exchange
XNAS
Inception
2013-12-12 · 12.7 yrs
Mgmt style
Passive
Replication
Physical (full replication) with written index call options overlay
Index-based
true · Cboe NASDAQ-100® BuyWrite V2 Index™
Leverage
None
Strategy & Options Mechanics
How the portfolio is built and where the income comes from.
PORTFOLIO
Hybrid
indexed
OPTIONS OVERLAY
Strategy
Covered Calls (CC) — systematic monthly at-the-money covered call writing on the Reference Index
generates income
Underlying
NASDAQ-100® Index (NDX)
income exposure
MONTHLY
10.7%
DIST. RATE
100% ROC
Ordinary Income
Ordinary Income
Underlying
NASDAQ-100® Index (NDX)
Strategy
Covered Calls (CC) — systematic monthly at-the-money covered call writing on the Reference Index
Tax
Ordinary Income
Each month the Fund writes one-month at-the-money call options on the NASDAQ-100® Index covering the full portfolio of underlying stocks. Options are held until one day prior to expiration and liquidated at a volume-weighted average price. Premiums received provide limited downside cushion but cap upside participation when the index rallies above the strike price.
Performance & NAV
Total return vs. the underlying, with drawdown context.
NAV HISTORY · AUG '25 – AUG '26
AUG '25AUG '26
Flat-NAV reinvestment hurdle
21.2%
Share of each distribution you’d need to reinvest just to hold NAV flat. Higher means more of the yield is your own capital coming back.
Distribution & Tax
Where the yield comes from — and how it’s taxed.
Composition · Recent Distribution
100%
ROC
Return of Capital — mixed100%
Net Investment Income0%
Frequency
Monthly
Dist. rate
10.67%
ROC %
100%
30-day SEC
not reported
Consistency
1 w/o cut
YOC · 1yr-ago buyer
11.6%
Tax Treatment — Ordinary Income
ORDINARY INCOME
Distribution Composition (Recent)
ROC is not free money — it lowers your cost basis. When shares are sold, capital gains are computed against the lower basis.
Composition · Narrative
The July 2026 distribution of $0.1775 per share is composed entirely of Return of Capital (100%), with no Net Investment Income component. On a fiscal year-to-date basis, 99.29% of cumulative distributions have been Return of Capital and 0.71% Net Investment Income. QYLD estimates it has distributed more than its income, so the majority of payments represent a return of invested principal rather than fund earnings.
Distribution & Return of Capital
Per-month payout split and the running return-of-capital share · last 3 months.
DIST ($/sh)ROC %
Return of capital ($/sh)
Net investment income ($/sh)
Monthly ROC %
Calendar-year ROC (YTD est.)
Distribution Growth & Schedule
Per-period growth of the payout, the latest schedule, and how long distributions take to repay NAV.
Distribution Growth by Lookback Period
Latest Distribution Schedule
Record date
2026-07-20
Ex-dividend
2026-07-20
Pay date
—
Payback Period
9.4 yr
Dist. Since Incep.
$19.4
Holdings & Concentration
Position sizing, top-name weights, and concentration risk.
Sector Mix · Tilt vs Nasdaq-100
No sector feed for this fund.
Holdings
105
Top-10 Wt.
—
Technical Signal & Liquidity
Moving-average posture and a read on tradability.
Price vs. Moving Averages
$18.3$17.1$15.9$14.7
AUG '25AUG '26
Price $18.20
50-DMA $17.89
200-DMA $17.00
Bullish — 50-DMA above 200-DMA
Price $18.20 is above the 200-day SMA ($17.00); 50-day SMA $17.89. The 50-day SMA sits above the 200-day — an established uptrend, no recent crossover. Moving-average signals are a timing aid, not a recommendation — weigh them against the distribution profile and framework score.
Liquidity
Avg daily volume
3.9M
Avg dollar volume
$75,794,867
Bid/ask spread
0.06%
Premium/discount
+0.00%
Turnover
24%
Estimated bid/ask spread ~0.16% (moderate). Average daily dollar volume ~$75.8M (very liquid). This spread is a high-low estimate, not a live quote; the issuer's reported median spread and premium/discount to NAV are shown above when available.
Assets Under Management
Trend: Stable. Source: shares×price (Massive, monthly).
AUM ($)
$8.30B
$8.74B$8.39B$8.03B
JUN '24AUG '26
SOURCES Massive market-data API, SEC EDGAR filings, issuer disclosures.
QYLD · 2026-08-19
Prepared by Streamfolio
Research aid, not investment advice.
Prepared by Streamfolio
Research aid, not investment advice.