Global X Funds - Global X Nasdaq 100 ESG Covered Call ETF

Frequently Asked Questions About QYLE

What does QYLE invest in?

The fund invests at least 80% of its net assets, plus borrowings for investment purposes (if any), in the securities of the Nasdaq-100 ESG BuyWrite Index (the "underlying index"). The fund's 80% investment policy is non-fundamental and requires 60 days prior written notice to shareholders before it can be changed. The fund is non-diversified.

What is the expense ratio of QYLE?

Global X Funds - Global X Nasdaq 100 ESG Covered Call ETF (QYLE) charges an expense ratio of 0.61%. This is the annual fee deducted from fund assets to cover management and operations.

What is QYLE's distribution yield?

QYLE's trailing-twelve-month yield is —, calculated from the sum of distributions over the past year divided by the current price.

How does QYLE's covered-call strategy work?

QYLE sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is QYLE?

Global X Funds - Global X Nasdaq 100 ESG Covered Call ETF (QYLE) manages $3.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is QYLE actively managed or an index fund?

QYLE's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.