QYLD

Global X Funds Global X NASDAQ-100 Covered Call ETF

$17.43

+0.00%

Market closed. Last update: 11:38 PM ET

📎 Investment Objective

The Global X NASDAQ-100 Covered Call ETF (QYLD) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the CBOE Nasdaq-100 BuyWrite V2 Index.

Overview

ETF tracking Global X Funds Global X NASDAQ-100 Covered Call ETF

Category International

Issuer Other

Inception Date 2018-12-24

Market Cap $8.4B

Average Volume N/A

Dividend Yield 10.65%

52-Week Range $14.97 - $18.85

VWAP $17.39

Performance

Loading performance data...

Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

QYLD employs a 'covered call' strategy, writing (selling) call options on the Nasdaq-100 Index. This strategy aims to generate income from the option premiums received, while still providing exposure to the underlying Nasdaq-100 stocks.

✨ Key Features

Provides exposure to the large-cap, growth-oriented stocks of the Nasdaq-100 Index
Generates income through a covered call strategy, potentially reducing downside risk
Passively tracks the CBOE Nasdaq-100 BuyWrite V2 Index
Low expense ratio of 0.00%

⚠️ Primary Risks

Equity market risk as the fund is exposed to the Nasdaq-100 stocks
Option writing risk, as the covered call strategy limits upside potential
Concentration risk as the fund is focused on the Nasdaq-100 sector
Liquidity risk due to the fund's relatively small asset base

👤 Best For

QYLD may be suitable for investors seeking income generation and downside protection, while maintaining exposure to the growth potential of the Nasdaq-100 index. However, investors should be aware of the tradeoffs between income and upside potential inherent in the covered call strategy.