TYLG
Global X Information Technology Covered Call & Growth ETF
📎 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
Performance
Price Chart
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.
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