At a glance
TYLG charges 0.6% a year, above the 0.53% average of the 3 funds most like it (the 3rd cheapest of 4). It has $14.3M in assets, the 2nd largest of that group; it paid 8.85% of its price in distributions over the past 12 months, monthly. Over the past year it returned +26.2% with distributions reinvested (S&P 500: +11.5%), the best of those 4 funds; over three years it returned +26.9% a year. Its ten largest positions make up 82.1% of the fund, out of 74 in all.
The short version
Global X Information Technology Covered Call & Growth ETF (TYLG) holds the technology stocks in the S&P 500 and sells one-month call options on about half the portfolio, trading some upside for cash income. Covering only half lets it keep part of tech's growth while paying monthly, with a trailing yield of 8.85% as of October 27, 2026. Its 0.60% expense ratio is above the 0.53% average for similar funds.
Price history
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TYLG +26.2% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| TYLG official prospectus, to Dec 31, 2025 | — | +16.84% | — | — | — | +23.89% |
| TYLG price data to Oct 27, 2026 | +27.0% | +26.2% | +26.9% | — | — | +25.5% |
- Over the year to Oct 27, 2026, TYLG returned +26.2%, 1st of 4 among similar funds.
- Its worst full calendar year was 2025 (+16.8%); its best was 2023 (+41.5%).
- The deepest fall in its price history was 24% (Feb 19, 2025 to Apr 8, 2025), recovered by Jul 15, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +27.0% | — |
| 2025 | +16.8% | +16.84% |
| 2024 | +20.5% | +20.38% |
| 2023 | +41.5% | +41.59% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $3.2300 | |
| 2025 | $2.7900 | +14.8% |
| 2024 | $2.4300 | -32.3% |
| 2023 | $3.5900 |
What's inside
As of Jul 31, 2026, the fund held 74 securities; the ten largest made up 82.08% of assets.
| Holding | Weight | |
|---|---|---|
| STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF MUTUAL FUND | 54.55% | |
| NVIDIA CORPORATION | 6.51% | |
| APPLE INC. | 6.07% | |
| MICROSOFT CORPORATION | 4.62% | |
| BROADCOM INC. | 2.46% | |
| ADVANCED MICRO DEVICES, INC. | 1.97% | |
| MICRON TECHNOLOGY, INC. | 1.70% | |
| CISCO SYSTEMS, INC. | 1.49% | |
| INTEL CORPORATION | 1.39% | |
| APPLIED MATERIALS, INC. | 1.31% | |
| LAM RESEARCH CORPORATION | 1.19% | |
| PALANTIR TECHNOLOGIES INC. | 0.92% | |
| PALO ALTO NETWORKS, INC. | 0.88% | |
| TEXAS INSTRUMENTS INCORPORATED | 0.82% | |
| KLA CORPORATION | 0.78% |
By country
United States 101.14%By asset type
Stocks 101.14%By sector
Sectors of the companies held, for the 42.3% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jul 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jul 31, 2026, investors added a net $1.2M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -5.84%, +1.16%, +11.78%.
How it works
TYLG tracks the Cboe S&P Technology Select Sector Half BuyWrite Index from S&P Dow Jones Indices. It starts with the Information Technology Select Sector Index: the S&P 500's tech companies, from chipmakers to software firms (70 holdings as of December 31, 2025). Stocks are weighted by company size (market value), trimmed where needed to meet tax-code diversification rules. The fund can own the stocks directly or through an ETF that tracks them. As of July 31, 2026, 54.6% of assets sat in the State Street Technology Select Sector SPDR ETF.
Each month, on the business day before standard options expiration (usually a Thursday), the fund sells a new one-month call option on that SPDR fund covering about half the portfolio's value. Selling a call brings in cash, called a premium, in exchange for giving up gains above a set level, the strike price. The strike is at-the-money: close to the SPDR fund's average trading price just before 1:00 p.m. Eastern Time. If tech rises, gains on the covered half are capped while the other half keeps climbing. If tech falls, the premium offsets only part of the loss.
The calls are FLEX options: exchange-traded contracts with customizable terms, guaranteed by the Options Clearing Corporation. They can trade thinly, so the index values them with Cboe theoretical prices.
What it really costs
- TYLG charges 0.6% a year, versus an average of 0.53% for the similar funds below (3rd of 4, cheapest first).
- The fee includes a 0.04% waiver from the adviser, which may end.
- Using the prospectus's standard example, $10,000 invested would cost about $61 in the first year and $795 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| TYLG | $61 | $201 | $353 | $795 |
Structure and tax notes
- Generates much of its income from selling options (directly or through notes). That income is usually taxed as ordinary income rather than as qualified dividends, and the strategy gives up some upside in strong markets.
In a retirement portfolio
Its high monthly payout comes from a single, volatile sector, technology, which makes it a higher-risk add-on rather than a foundation.
TYLG could add monthly income: its trailing 12-month yield was 8.85% as of October 27, 2026. Much of it comes from selling options; that income is usually taxed as ordinary income rather than as qualified dividends, and payouts can vary. The cost is 0.60% a year, or $61 on $10,000 in the first year under the SEC's standard example, above the 0.53% average for similar funds.
The fund launched in November 2022, so it has no record from the 2008, 2020 or 2022 crashes. Its worst calendar year, 2025, was still a 16.8% gain. But inside that year it fell 24% between February 19 and April 8, recovering by July 15, about three months after the low. Selling shares for spending near that low would have locked in losses. Past results don't predict future ones, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want monthly income from large US tech stocks; the trailing yield was 8.85% as of October 27, 2026.
- Holders comfortable trading part of tech's upside for income, since calls cover only about half the portfolio and the rest can keep rising.
- Those who already hold a diversified core and want a small tech-income add-on, accepting a short record that began in November 2022.
Look elsewhere if
- Taxable-account investors seeking qualified dividends; much of its option income is usually taxed as ordinary income instead.
- Anyone wanting broad diversification: it holds a single sector, technology, and fell 24% between February 19 and April 8, 2025.
- Cost- or size-conscious investors: it charges 0.60% versus a 0.53% average for similar funds, with $14.3 million in net assets as of July 31, 2026.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
Net assets from each fund's latest N-PORT or annual report where available. Returns through Oct 27, 2026.Questions investors ask
Does TYLG pay monthly dividends?
Yes. TYLG pays distributions monthly. Over the 12 months through October 27, 2026, it paid $3.76 per share, a trailing yield of 8.85%. Much of that money comes from premiums (upfront payments) the fund collects by selling call options, not only from company dividends. That option income is usually taxed as ordinary income rather than as lower-taxed qualified dividends, and the amount can change as option prices change.
How has TYLG performed since it launched?
TYLG has gained in every full calendar year since its November 2022 launch. Per its prospectus, it returned 41.59% in 2023, 20.38% in 2024 and 16.84% in 2025, averaging 23.89% a year from inception through December 31, 2025. Based on market prices, it gained 26.2% in the year to October 27, 2026, and 26.9% a year over three years. Its worst quarter was a 9.09% drop in the first quarter of 2025. That record covers less than four years.
What does TYLG hold?
TYLG holds the S&P 500's information technology stocks, partly through another ETF. As of July 31, 2026, 54.6% of assets sat in the State Street Technology Select Sector SPDR ETF. Its largest direct stock holdings were NVIDIA (6.5%), Apple (6.1%), Microsoft (4.6%), Broadcom (2.5%) and Advanced Micro Devices (2.0%). It also had sold a call option on that SPDR fund, shown as a liability of about 1.2% of assets. The top 10 positions made up 82.1% of the fund.
Is TYLG good for retirement income?
It can supply monthly income, but with the risks of a single-sector stock fund. Its trailing yield was 8.85% as of October 27, 2026, and it costs 0.60% a year. Its holdings are concentrated in technology, and it fell 24% between February 19 and April 8, 2025, before recovering by July 15. It launched in November 2022, so it has no record through the 2008, 2020 or 2022 crashes. That profile fits a small satellite role better than a core income role.
What's the difference between TYLG and IQQQ?
The main differences are the stock list, cost and size. TYLG starts from the S&P 500's technology sector and sells calls on about half its portfolio; IQQQ, from ProShares, is a high-income fund built on the Nasdaq-100. Their holdings overlapped by 39%. TYLG charges 0.60% a year versus 0.55%. In the year to October 27, 2026, TYLG returned 26.2% and IQQQ 9.8%. IQQQ is far larger: $406.8 million in net assets as of August 31, 2026, versus $14.3 million for TYLG as of July 31, 2026.