QYLD Global X NASDAQ 100 Covered Call ETF
What is QYLD?
QYLD tracks an index that holds Nasdaq 100 stocks and sells call options on those stocks to collect the premiums.
QYLD Factset Analytics Insight
QYLD seeks yield from the Nasdaq-100 via options premium. Historically, investors came to the Nasdaq for growth, not yield. While that dynamic may be shifting as tech giants mature and begin paying dividends, the fact remains that pure-play S&P 500 funds offer more yield than the 'plain vanilla' Nasdaq-100 fund QQQ. Enter QYLD, which matches QQQ's 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 QQQ. 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.
QYLD Summary Data
QYLD Portfolio Data
QYLD Index Data
QYLD Portfolio Management
QYLD Tax Exposures
QYLD Fund Structure
Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of QYLD. QYLD is rated a 5 out of 5.
QYLD Sector/Industry Breakdown
QYLD Top 10 Holdings
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QYLD Economic Development
QYLD Benchmark Comparison Summary
QYLD Benchmark Comparison Market Cap Size