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QYLG
Global X Nasdaq 100 Covered Call & Growth 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 & Growth ETF (the "Fund") 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 (the "Underlying Index")..
The Fund invests at least 80% of its total assets in the securities of the Cboe Nasdaq-100 Half BuyWrite V2 Index, which holds the stocks of the NASDAQ-100 Index and writes one-month at-the-money covered call options corresponding to approximately 50% of the value of that portfolio. By covering only half the portfolio with written calls, the strategy generates option premium income while retaining partial upside participation in the NASDAQ-100. The Fund uses a replication (indexing) approach and does not seek to outperform its Underlying Index.
Ticker
QYLG
Issuer
Global X Management Company LLC
Exchange
XNAS
Inception
2020-09-22 · 5.9 yrs
Mgmt style
Passive
Replication
Physical (full replication) plus written covered call options on approximately 50% of the Reference Index value
Index-based
true · Cboe Nasdaq-100 Half 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) on approximately 50% of the portfolio — one-month at-the-money written calls, cash-settled, held until one day prior to expiration
generates income
Underlying
NASDAQ-100 Index (Reference Index)
income exposure
MONTHLY
17.0%
DIST. RATE
100% ROC
Ordinary Income
Ordinary Income
Underlying
NASDAQ-100 Index (Reference Index)
Strategy
Covered Calls (CC) on approximately 50% of the portfolio — one-month at-the-money written calls, cash-settled, held until one day prior to expiration
Tax
Ordinary Income
Each calendar month the Fund writes one-month at-the-money covered call options on the NASDAQ-100 Index corresponding to approximately 50% of the value of the stock portfolio. Options are cash-settled and held until one day prior to expiration (generally the Thursday preceding the third Friday of the month). Writing calls on only half the portfolio allows for income generation from premiums while preserving some upside participation in the underlying index.
Performance & NAV
Total return vs. the underlying, with drawdown context.
NAV HISTORY · AUG '25 – AUG '26
AUG '25AUG '26
Flat-NAV reinvestment hurdle
11.0%
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
17.03%
ROC %
100%
30-day SEC
not reported
Consistency
4 w/o cut
YOC · 1yr-ago buyer
17.7%
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 $0.2679 per share is almost entirely Return of Capital (99.98%), with only a negligible 0.02% from Net Investment Income. On a fiscal year-to-date basis, 96.05% of cumulative distributions have been classified as Return of Capital. The fund estimates it has distributed more than its income, so a significant portion is being returned to shareholders as ROC.
Distribution & Return of Capital
Per-month payout split and the running return-of-capital share · last 2 months.
DIST ($/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
5.9 yr
Dist. Since Incep.
$20.1
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
$30.1$27.5$24.9$22.3
AUG '25AUG '26
Price $29.70
50-DMA $29.29
200-DMA $27.12
Bullish — 50-DMA above 200-DMA
Price $29.68 is above the 200-day SMA ($27.12); 50-day SMA $29.29. 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
47K
Avg dollar volume
$1,429,337
Bid/ask spread
0.21%
Premium/discount
+0.03%
Turnover
15%
Estimated bid/ask spread ~0.21% (moderate). Average daily dollar volume ~$1.4M (adequate). This spread is a high-low estimate, not a live quote; the issuer's reported median spread and premium/discount to NAV are shown above when available.
Assets Under Management
Trend: Falling. Source: shares×price (Massive, monthly).
AUM ($)
$166M
$166M$93M$21M
JUL '21AUG '26
SOURCES Massive market-data API, SEC EDGAR filings, issuer disclosures.
QYLG · 2026-08-10
Prepared by Streamfolio
Research aid, not investment advice.
Prepared by Streamfolio
Research aid, not investment advice.