# Global X Nasdaq 100 Covered Call UCITS ETF USD (QYLP) **Page:** https://fundology.uk/fund/qylp · ISIN IE00BM8R0J59 ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 13/11/2026, QYLP (Global X Nasdaq 100 Covered Call UCITS ETF USD, ISIN IE00BM8R0J59) closed at £12.15 on the London Stock Exchange. Its ongoing charge is 0.45% a year (about £45 on £10,000). Over the three years to 13/11/2026 its total return was +9.4%, or −1.2% after UK CPIH inflation. ## Summary Global X Nasdaq 100 Covered Call UCITS ETF USD is an exchange-traded fund (ETF) from Global X, launched in 2022. It tracks the CBOE NASDAQ-100 BuyWrite V2 UCITS Index - Benchmark TR Gross — the 100 largest non-financial companies on the US Nasdaq exchange, weighted heavily towards technology. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.45% a year — about £45 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year. Latest close: **£12.15** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | QYLP | | ISIN | IE00BM8R0J59 | | Also listed as | QYLD (London Stock Exchange, US dollars), QYLE (Xetra, euros) | | Category | US shares | | Type | ETF | | Provider | Global X | | Tracks | CBOE NASDAQ-100 BuyWrite V2 UCITS Index - Benchmark TR Gross | | Income | Distributing | | Ongoing charge | 0.45% a year (£45 per £10,000) | | Fund size | £636m | | Launched | 2022 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 22/11/2022 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +10.92% | +6.99% | income reinvested | | 3 years | +9.35% | -1.20% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Global X Nasdaq 100 Covered Call UCITS ETF USD in pounds (price only, income paid out not included): 2023 +4.6%, 2024 +12.3%, 2025 −14.2%; 2026 to 13/11/2026 −2.0%. Returns of Global X Nasdaq 100 Covered Call UCITS ETF USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +8.4%; to 30/09/2025: −6.8%; to 30/09/2024: −1.4%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2023 | +4.6% | +0.4% | Price | | 2024 | +12.3% | +8.4% | Price | | 2025 | -14.2% | -17.1% | Price | | 2026 to 13/11/2026 | -2.0% | -5.2% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 11.92% | -9.18% | | 3 years | 12.67% | -22.88% | ## Largest fall Volatility of Global X Nasdaq 100 Covered Call UCITS ETF USD in pounds, annualised from weekly returns to 13/11/2026: 11.9% over 1 year, 12.7% over 3 years. Largest fall in the price of Global X Nasdaq 100 Covered Call UCITS ETF USD since November 2022, in pounds: −22.9% from 17/01/2025 to 23/05/2025. The lowest 12-month return of Global X Nasdaq 100 Covered Call UCITS ETF USD in pounds (price only, income paid out not included) since November 2022 was −16.4% (12 months to 06/02/2026); the highest was +14.5% (12 months to 17/01/2025). On 13/11/2026 the price of Global X Nasdaq 100 Covered Call UCITS ETF USD was 18.2% below its highest weekly close since November 2022 (17/01/2025), in pounds. ## Charges compared with similar funds Ongoing charge of Global X Nasdaq 100 Covered Call UCITS ETF USD 0.45% a year. Compared on 14/11/2026, 26 of the 254 other US share funds charge more, 2 the same and 226 less (share classes counted once). ## Funds tracking the same index 2 funds track CBOE NASDAQ-100 BuyWrite V2 UCITS Index - Benchmark TR Gross, this one included and share classes counted once; their ongoing charges range from 0.45% to 0.45% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Global X NASDAQ 100 Covered Call ETF Accum- USD | 0.45% | +11.3% | — | — | | Global X Nasdaq 100 Covered Call UCITS ETF USD (this fund) | 0.45% | +10.9% | +9.4% | — | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.45%** per year (as of 13/11/2026) - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## Questions people ask **What is the ongoing charge of QYLP?** The ongoing charge of QYLP is 0.45% a year — about £45 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Global X Nasdaq 100 Covered Call UCITS ETF USD 0.45% a year. Compared on 14/11/2026, 26 of the 254 other US share funds charge more, 2 the same and 226 less (share classes counted once). **What does QYLP track?** QYLP tracks the CBOE NASDAQ-100 BuyWrite V2 UCITS Index - Benchmark TR Gross — the 100 largest non-financial companies on the US Nasdaq exchange, weighted heavily towards technology. **Is QYLP accumulating or distributing?** QYLP is distributing: income is paid out to holders as cash, usually a few times a year. It pays out monthly. **What is the ISIN of QYLP?** The ISIN of QYLP is IE00BM8R0J59. An ISIN identifies one exact share class of a fund; QYLP is its ticker on the London Stock Exchange. The same share class is also listed as QYLD (London Stock Exchange, US dollars) and QYLE (Xetra, euros). **What were QYLP’s returns in each of the last five years?** Calendar-year returns of QYLP in pounds (price only, income paid out not included): 2023 +4.6%, 2024 +12.3%, 2025 −14.2%; 2026 to 13/11/2026 −2.0%. Past performance is not a guide to future returns. **How has QYLP done after inflation?** Over the three years to 13/11/2026 QYLP’s total return was +9.4%, or −1.2% after UK CPIH inflation. Past performance is not a guide to future returns. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.