QYLG

Global X Nasdaq 100 Covered Call & Growth ETF

$29.83

+0.00%

Market closed. Last update: 10:57 PM ET

📎 Investment Objective

The Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Nasdaq-100 Covered Call & Growth Index.

Overview

ETF tracking Global X Nasdaq 100 Covered Call & Growth ETF

Category International

Issuer Other

Inception Date 2020-09-21

Market Cap $119.6M

Average Volume N/A

Dividend Yield 22.56%

52-Week Range $22.98 - $34.19

VWAP $29.67

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund invests in the equity securities that comprise the Nasdaq-100 Index and writes (sells) covered call options on the same. This strategy aims to generate income from the option premiums while still providing exposure to the underlying Nasdaq 100 stocks.

✨ Key Features

Provides exposure to the large-cap growth stocks of the Nasdaq-100 Index
Generates additional income through a covered call options strategy
Aims to provide a balance of capital appreciation and income generation
Relatively low expense ratio of 0.00%

⚠️ Primary Risks

Market risk: The value of the fund's investments may decline due to general market conditions
Concentration risk: The fund's performance may be more volatile as it is concentrated in the Nasdaq-100 Index
Options risk: The use of options may not be successful and could result in losses to the fund
Liquidity risk: The fund may have difficulty selling certain securities at an advantageous time and price

👤 Best For

This ETF may be suitable for investors seeking exposure to large-cap growth stocks with the potential for income generation through a covered call strategy. It may be appropriate for investors with a moderate risk tolerance and a medium-term investment horizon.