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TYLG

Information Technology Covered Call & Growth ETF

 

Reasons to Consider TYLG

High Income Potential

TYLG seeks to generate income by writing covered calls on the Information Technology Select Sector SPDR Fund.

Upside Potential

By writing calls on 50% of the Information Technology Select Sector SPDR Fund, the strategy allows investors to capture half the upside potential of the Information Technology Select Sector Index.

Monthly Distributions

TYLG seeks to make distributions on a monthly basis.

Key Information As of 05/06/25

Inception Date 11/21/22
Gross Expense Ratio 0.64%
Net Expense Ratio* 0.60%
Net Assets $9.97 million
NAV $30.21
Fact Sheet View the document

*Fee waivers are contractual and in effect until at least March 1, 2026.


ETF Summary

The Global X Information Technology Covered Call & Growth ETF (TYLG) follows a “covered call” or “buy-write” strategy, in which the Fund buys the stocks in the Information Technology Select Sector Index and the Technology Select Sector SPDR Fund, and “writes” or “sells” corresponding call options on the Information Technology Select Sector SPDR Fund representing approximately 50% of the value of TYLG’s portfolio.

ETF Objective

The Global X Information Technology Covered Call & Growth ETF (TYLG) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P Technology Select Sector Half BuyWrite Index.

Trading Details As of 05/06/25

Ticker TYLG
Bloomberg Index Ticker BXLKH
CUSIP 37960A743
ISIN US37960A7431
Primary Exchange NYSE Arca
Shares Outstanding 330,000
Number of Holdings 71
30-Day Median Bid-Ask Spread 0.51%

Distributions As of 05/06/25

30-Day SEC Yield 0.35%
Unsubsidized 30-Day SEC Yield 0.31%
Trailing 12-Month Distribution (%) 1 8.70%
Distribution Rate 2 10.13%
Distribution Frequency Monthly

1The distribution as a percentage an investor would have received if they had held the fund over the last twelve months, assuming the most recent NAV. The Trailing 12-Month Distribution (%) is calculated by summing any income, capital gains and return of capital distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the same period. The distribution is estimated to include a return of capital. For information on the breakdown of the distributions, please see the “19a Notice” here. These do not imply rates for any future distributions.

2The annual rate an investor would receive if the most recent fund distribution remained the same going forward. The rate represents a single distribution from the fund and does not represent total return of the fund. The distribution rate is calculated by annualizing the most recent distribution and dividing by the most recent fund NAV. The distribution is estimated to include a return of capital. For information on the breakdown of the distributions, please see the “19a Notice” here. These do not imply rates for any future distributions.

ETF Prices As of 05/06/25

NAV $30.21 Daily Change -$0.12 -0.40%
Market Price $30.23 Daily Change -$0.10 -0.33%

Performance History

As of recent
(03/31/25)
As of recent
(03/31/25)
Fund NAV Market Price Index
1 Year 1.95% 1.89% 3.26%
Since Inception 19.28% 19.31% 20.42%
1 Year 7.02% 6.91% 8.56%
Since Inception 18.55% 18.56% 19.71%
Year-to-Date -9.09% -9.11% -8.78%
1 Month -7.58% -7.44% -7.45%
3 Months -9.09% -9.11% -8.78%
Since Inception 51.59% 51.67% 55.02%
Year-to-Date -9.14% -9.19% -8.72%
1 Month -0.06% -0.09% 0.07%
3 Months -9.21% -9.37% -8.87%
Since Inception 51.50% 51.53% 55.13%

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Options Details As of 05/06/25

Technology Select Sector SPDR Fund (XLK) Price* 213.67
*Market Price as of 05/06/25

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short Technology Select Sector SPDR Call Option -$5,234,915 195 0.00% 05/16/2025 10

Top Holdings As of 05/06/25

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
56.08 XLK SPDR-TECH SEL S 2369709 213.67 26,163 5,590,248.21
7.09 MSFT MICROSOFT CORP 2588173 433.31 1,630 706,295.30
6.57 AAPL APPLE INC 2046251 198.51 3,299 654,884.49
6.12 NVDA NVIDIA CORP 2379504 113.54 5,375 610,277.50
2.23 AVGO BROADCOM INC BDZ78H9 200.09 1,111 222,299.99
1.50 CRM SALESFORCE INC 2310525 273.36 548 149,801.28
1.37 ORCL ORACLE CORP 2661568 147.70 925 136,622.50
1.35 CSCO CISCO SYSTEMS INC 2198163 59.22 2,270 134,429.40
1.31 IBM IBM 2005973 249.12 524 130,538.88
1.28 PLTR PALANTIR TECHN-A BN78DQ4 108.86 1,171 127,475.06
1.15 NOW SERVICENOW INC B80NXX8 965.26 119 114,865.94
1.09 ACN ACCENTURE PLC-CL A B4BNMY3 303.80 359 109,064.20
0.99 INTU INTUIT INC 2459020 626.55 158 98,994.90
0.96 ADBE ADOBE INC 2008154 382.98 251 96,127.98
0.93 AMD ADVANCED MICRO DEVICES 2007849 98.62 935 92,209.70
0.88 QCOM QUALCOMM INC 2714923 139.90 624 87,297.60
0.83 TXN TEXAS INSTRUMENTS INC 2885409 161.09 516 83,122.44
0.72 PANW PALO ALTO NETWORKS INC B87ZMX0 188.69 382 72,079.58
0.71 AMAT APPLIED MATERIALS INC 2046552 153.03 462 70,699.86
0.62 CRWD CROWDSTRIKE HO-A BJJP138 443.21 139 61,606.19
0.56 ADI ANALOG DEVICES INC 2032067 195.60 286 55,941.60
0.55 APH AMPHENOL CORP-CL A 2145084 79.71 688 54,840.48
0.54 ANET ARISTA NETWORKS INC BL9XPM3 90.77 595 54,008.15
0.53 LRCX LAM RESEARCH CORP BSML4N7 73.16 722 52,821.52
0.53 KLAC KLA CORP 2480138 679.42 77 52,315.34
0.52 MU MICRON TECHNOLOGY INC 2588184 80.51 642 51,687.42
0.50 INTC INTEL CORP 2463247 19.94 2,496 49,770.24
0.48 CDNS CADENCE DESIGN SYS INC 2302232 305.78 155 47,395.90
0.42 SNPS SYNOPSYS INC 2867719 473.55 89 42,145.95
0.39 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 412.64 94 38,788.16
0.38 FTNT FORTINET INC B5B2106 107.14 351 37,606.14
0.35 ROP ROPER TECHNOLOGIES INC 2749602 569.70 61 34,751.70
0.34 ADSK AUTODESK INC 2065159 278.64 123 34,272.72
0.30 WDAY WORKDAY INC-CLASS A B8K6ZD1 247.79 120 29,734.80
0.29 FICO FAIR ISAAC CORP 2330299 2,060.86 14 28,852.04
0.25 NXPI NXP SEMICONDUCTORS NV B505PN7 182.41 139 25,354.99
0.25 TEL TE CONNECTIVITY PLC BRC3N84 148.53 168 24,953.04
0.21 CTSH COGNIZANT TECH-A 2257019 77.64 272 21,118.08
0.19 GLW CORNING INC 2224701 44.76 426 19,067.76
0.19 IT GARTNER INC 2372763 432.92 44 19,048.48
0.18 MPWR MONOLITHIC POWER B01Z7J1 622.99 28 17,443.72
0.17 DELL DELL TECHNOLOGIES -C BHKD3S6 93.95 179 16,817.05
0.16 ANSS ANSYS INC 2045623 322.59 50 16,129.50
0.14 TYL TYLER TECHNOLOGIES INC 2909644 552.67 26 14,369.42
0.14 KEYS KEYSIGHT TECHNOLOGIES IN BQZJ0Q9 146.54 98 14,360.92
0.14 MCHP MICROCHIP TECHNOLOGY INC 2592174 47.24 298 14,077.52
0.14 GDDY GODADDY INC - CLASS A BWFRFC6 182.54 76 13,873.04
0.14 HPQ HP INC BYX4D52 25.63 541 13,865.83
0.13 TDY TELEDYNE TECHNOLOGIES INC 2503477 476.23 28 13,334.44
0.12 HPE HEWLETT PACKA BYVYWS0 16.49 722 11,905.78
0.12 VRSN VERISIGN INC 2142922 283.22 42 11,895.24
0.12 CDW CDW CORP/DE BBM5MD6 163.93 72 11,802.96
0.11 STX SEAGATE TECHNOLO BKVD2N4 93.90 114 10,704.60
0.11 PTC PTC INC B95N910 158.72 67 10,634.24
0.10 NTAP NETAPP INC 2630643 92.26 110 10,148.60
0.10 JBL JABIL INC 2471789 150.29 64 9,618.56
0.09 ON ON SEMICONDUCTOR 2583576 38.51 236 9,088.36
0.09 SMCI SUPER MICRO COMPUTER INC BRC3N73 32.94 274 9,025.56
0.09 TRMB TRIMBLE INC 2903958 63.32 135 8,548.20
0.08 FFIV F5 INC 2427599 264.82 31 8,209.42
0.08 WDC WESTERN DIGITAL CORP 2954699 44.29 179 7,927.91
0.08 GEN GEN DIGITAL INC BJN4XN5 25.72 301 7,741.72
0.08 FSLR FIRST SOLAR INC B1HMF22 126.76 60 7,605.60
0.08 ZBRA ZEBRA TECH CORP 2989356 250.85 30 7,525.50
0.07 AKAM AKAMAI TECHNOLOGIES INC 2507457 82.87 83 6,878.21
0.07 TER TERADYNE INC 2884183 74.07 92 6,814.44
0.07 JNPR JUNIPER NETWORKS INC 2431846 36.60 181 6,624.60
0.06 SWKS SKYWORKS SOLUTIONS INC 2961053 66.01 90 5,940.90
0.05 CASH 1.00 5,399 5,398.60
0.05 EPAM EPAM SYSTEMS INC B44Z3T8 157.88 31 4,894.28
0.03 ENPH ENPHASE ENERGY INC B65SQW4 43.87 73 3,202.51
0.00 OTHER PAYABLE & RECEIVABLES 1.00 322 321.86
-4.73 2XLK US 05/16/2025 C195 1,923.74 -245 -471,316.57
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 04/30/25

Industry Weight (%)
Software & Services 45.1
Semiconductors & Semiconductor Equipment 31.4
Technology Hardware & Equipment 23.6

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 05/06/25

Return on Equity 28.30%
Weighted Avg. Market Cap 737,864 M
2024 2025
Price-to-earnings 30.23 25.19
Price-to-book value 8.02 6.43

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 04/30/25

Versus Beta
S&P 500 0.90
NASDAQ-100 0.83
MSCI EAFE 0.41
MSCI Emg. Mkts 0.45
Standard Deviation 13.10%

Source: new windowAltaVista Research, LLC

ETF Research

Augmenting Exposure to Information Technology with Covered Calls

Read the Full ArticleRead More

Introducing the Global X Sector Covered Call & Growth ETFs (TYLG, FYLG, HYLG)

Read the Full ArticleRead More

ETF Documents

Investing involves risk, including the possible loss of principal. Concentration in a particular industry or sector will subject TYLG to loss due to adverse occurrences that may affect that industry or sector. Investors in TYLG should be willing to accept a high degree of volatility in the price of the fund’s shares and the possibility of significant losses. The Fund invests in securities of companies engaged in Information Technology, which can be affected by rapid product obsolescence and intense industry competition.

TYLG engages in options trading. An option is a contract sold by one party to another that gives the buyer the right, but not the obligation, to buy (call) or sell (put) a stock at an agreed upon price within a certain period or on a specific date. A covered call option involves holding a long position in a particular asset, in this case U.S. common equities, and writing a call option on that same asset with the goal of realizing additional income from the option premium. By selling covered call options, the fund limits its opportunity to profit from an increase in the price of the underlying index above the exercise price, but continues to bear the risk of a decline in the index. A liquid market may not exist for options held by the fund. While the fund receives premiums for writing the call options, the price it realizes from the exercise of an option could be substantially below the indices current market price. TYLG is non-diversified.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Cboe, nor does Cboe make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with Cboe.