Key Highlights

  • The fund reported approximately USD 8.3 billion in Assets under management and a 0.60% expense ratio, based on its most recently published fact sheet and fund data as of September 2026.
  • The fund's twelve-month trailing distribution Yield stood at 12.21% as of June 30, 2026, while its thirty-day SEC yield was reported separately at 0.02%, a divergence the fund's literature attributes to differing treatment of option premium income across the two yield measures.
  • Distributions are paid monthly, with the July 2026 payment set at USD 0.25 per share, consistent with the fund's stated monthly income objective.
  • As of early September 2026, the fund traded with a net asset value near USD 18.35 and a Market Price near USD 18.37, within a fifty-two week range of USD 16.63 to USD 18.54.

Fund Structure and Investment Strategy

The Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) has traded on the Nasdaq exchange since its inception on December 11, 2013. According to its official fact sheet, the fund invests in the constituent stocks of the NASDAQ 100 Index and concurrently writes, or sells, corresponding call Options against that same index, an approach generally described as a covered call or buy-write strategy. The stated objective is to generate current income from option premiums collected on a regular basis, rather than to pursue long-term Capital appreciation. Global X identifies the Cboe Nasdaq-100 BuyWrite V2 Index (ticker BXNT) as the underlying strategy benchmark, and the fund carries a 0.60% expense ratio, as confirmed by both the fact sheet and the issuer's fund documentation.

Yield and Distribution Profile

The fund is structured as a monthly income vehicle. Its twelve-month trailing distribution yield was reported at 12.21% on the issuer's fund page, while the fact sheet dated July 31, 2026 cited a comparable figure of 12.57% as of that period's cutoff date. By contrast, the fund's thirty-day SEC yield was listed separately at 0.02%, a figure that reflects the SEC yield methodology's narrow focus on recurring bond-like income rather than realized option premiums. The most recent monthly distribution disclosed was USD 0.25 per share, paid in July 2026. Investors should note that an elevated trailing distribution yield on a covered call fund is largely attributable to options premium income and, at times, a return of capital, rather than Dividend income generated by the underlying equities alone.

Holdings, Valuation, and Risk Considerations

The fund holds the approximately one hundred constituents of the Nasdaq 100 Index directly, then overlays written call options against that basket, such that its largest positions mirror the index's largest weightings. As of the fund's most recent holdings disclosure, the leading positions were Nvidia (approximately 8.85% of net assets), Apple (approximately 7.53%), Microsoft (approximately 5.95%), Micron Technology (approximately 5.05%), and Amazon.com (approximately 4.48%), reflecting the same concentration in mega-capitalization technology names present in the Nasdaq 100 itself. As of early September 2026, the fund's net asset value was approximately USD 18.35, with a market price near USD 18.37, within a fifty-two week trading range of USD 16.63 to USD 18.54. The fund's own materials emphasize that the covered call overlay constrains the fund's capacity to participate in strong upside movements in the Nasdaq 100, as gains above each option's Strike Price are effectively capped, while the fund continues to bear the full downside risk of the underlying equities in a market decline.

Where Things Stand

The fund remains one of the largest and longest-operating Nasdaq 100 covered call strategies available to investors, with approximately USD 8.3 billion in assets, a 0.60% expense ratio, and a monthly distribution that most recently totaled USD 0.25 per share in July 2026 against a trailing twelve-month distribution yield of 12.21%. Its holdings mirror the Nasdaq 100's mega-capitalization technology weighting, and its written-call strategy is designed to exchange a portion of upside participation for a steadier stream of monthly income. Whether the fund's income stream keeps pace with investor expectations in subsequent periods is likely to depend on the direction and Volatility of the Nasdaq 100 Index, as both factors directly influence the option premiums on which the fund's distributions rely.