Key stats
About Global X NASDAQ 100 Covered Call ETF
Home page
Inception date
Dec 12, 2013
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Global X Management Co. LLC
Distributor
SEI Investments Distribution Co.
QYLD seeks yield from the Nasdaq-100 via options premium. Historically, investors came to the Nasdaq for growth, not yield. Enter QYLD, which provides Nasdaq-100 exposure but earns income by selling call options and passes it on to investors net of fees. Covered call ETFs are hardly new, but QYLD was the first to apply it to the Nasdaq-100. Expect a generally less volatile return pattern from QYLD relative to ETFs tracking the Nasdaq-100. Investors should use great care trading and monitor the asset levels. Also, note that the fund's prospectus allows a bit of leverage. The fund rebranded and changed its name from Recon Capital NASDAQ 100 Covered Call ETF to Horizons Nasdaq-100 Covered Call ETF on Feb. 28, 2017. Then on Oct. 22, 2028, the fund rebranded and updated its name to reflect Global X.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Electronic Technology
Retail Trade
Stocks110.28%
Technology Services33.88%
Electronic Technology30.28%
Retail Trade11.02%
Health Technology5.27%
Consumer Services4.55%
Consumer Non-Durables3.20%
Consumer Durables2.80%
Communications1.88%
Producer Manufacturing1.80%
Utilities1.51%
Process Industries1.43%
Transportation1.07%
Commercial Services0.46%
Distribution Services0.30%
Energy Minerals0.26%
Industrial Services0.24%
Bonds, Cash & Other−10.28%
Cash0.06%
Rights & Warrants−10.35%
Stock breakdown by region
North America95.89%
Europe3.30%
Latin America0.81%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history