QYLD 📈 Global X NASDAQ 100 - Overview

The Global X NASDAQ 100 Covered Call ETF, listed on the NASDAQ under the ticker QYLD, is designed to track the performance of the CBOE NASDAQ-100 BuyWrite Index. This means that the fund will allocate at least 80% of its total assets to the securities that comprise the underlying index, providing investors with exposure to the NASDAQ-100 Index. The NASDAQ-100 Index is a modified market capitalization-weighted index that includes 100 of the largest and most actively traded non-financial stocks listed on the NASDAQ.

The CBOE NASDAQ-100 BuyWrite Index, which the QYLD ETF tracks, employs a buy-write strategy, also known as a covered call strategy. This involves holding a portfolio of stocks from the NASDAQ-100 Index and simultaneously selling, or writing, one-month at-the-money NASDAQ-100 Index covered call options. The sale of these call options generates income in the form of premiums, which can help to reduce the overall volatility of the portfolio and provide a regular stream of income. This strategy can be particularly appealing to investors seeking to generate income from their equity investments while managing risk.

As a non-diversified fund, the Global X NASDAQ 100 Covered Call ETF may invest a significant portion of its assets in a limited number of securities, which can increase its risk profile. However, by tracking the CBOE NASDAQ-100 BuyWrite Index, the fund aims to provide investors with a diversified portfolio of stocks from the NASDAQ-100 Index, along with the potential benefits of the covered call strategy. The fund is listed in the United States and is classified as an exchange-traded fund (ETF) in the derivative income category, with the ISIN US37954Y4834. More information about the fund can be found on the company's website at http://www.globalxfunds.com.