About Global X NASDAQ 100 Covered Call & Growth ETF (QYLG)

Global X NASDAQ 100 Covered Call & Growth ETF (QYLG) is an exchange-traded fund that aims to provide investors with exposure to the performance of the NASDAQ 100 Index, while also generating income through a covered call strategy. The fund seeks to track the price and yield performance, before fees and expenses, of the CBOE NASDAQ-100 BuyWrite V2 Index. This index reflects a strategy that involves holding a long position in the stocks of the NASDAQ 100 Index, while also writing (or selling) call options on the same index. By doing so, the fund is able to generate additional income in the form of option premiums. It is important to note that this strategy can limit the potential upside of the fund during periods of strong market performance, as the call options may restrict the fund's participation in any gains above the strike price of the options.

Income generated by the covered call strategy is distributed to shareholders of the fund on a monthly basis. The fund's income distribution is generally expected to be higher than traditional equity ETFs, but may also be subject to higher volatility. This makes QYLG suitable for investors seeking regular income, but who are also willing to accept a degree of risk. The fund has a current distribution yield of X%, as of DATE. QYLG has an expense ratio of X%, which is relatively competitive compared to similar funds in the industry.