TYLG

Global X Information Technology Covered Call & Growth ETF

$36.38
+0.00%
Market closed. Last update: 10:56 PM ET

📎 Investment Objective

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

Overview

ETF tracking Global X Information Technology Covered Call & Growth ETF

Issuer Other
Inception Date 2022-11-22
Market Cap $10.9M
Average Volume N/A
Dividend Yield 5.85%
52-Week Range $26.25 - $37.48
VWAP $36.29

Performance

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Investment Summary

📎 Investment Objective

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

🎯 Investment Strategy

The fund invests in the equity securities that comprise the Nasdaq-100 Information Technology Covered Call & Growth Index and writes (sells) covered call options on those securities. This strategy aims to generate income from the option premiums while maintaining exposure to the underlying technology stocks.

✨ Key Features

  • Provides exposure to large-cap U.S. information technology companies
  • Employs a covered call strategy to generate additional income
  • Tracks the Nasdaq-100 Information Technology Covered Call & Growth Index
  • Low expense ratio of 0.00%

⚠️ Primary Risks

  • Equity market risk: The fund is subject to the risks associated with the general stock market and technology sector
  • Covered call risk: The covered call strategy may limit the upside potential of the underlying stocks
  • Concentration risk: The fund is concentrated in the information technology sector
  • Liquidity risk: The fund may have difficulty trading certain securities at an optimal price

👤 Best For

This ETF may be suitable for investors seeking exposure to the U.S. information technology sector with the potential for additional income generation through a covered call strategy. Investors should have a medium to long-term investment horizon and be comfortable with the risks associated with the technology sector and covered call strategies.