Global X - Nasdaq 100 Covered Call ETF

Frequently Asked Questions About QYLD

What does QYLD invest in?

The Global X Nasdaq 100 Covered Call ETF (QYLD) is designed to approximate the investment outcomes, in terms of both price changes and income generation, of the Cboe Nasdaq-100 BuyWrite V2 Index, preceding the impact of its fees and expenses.

What is the expense ratio of QYLD?

Global X - Nasdaq 100 Covered Call ETF (QYLD) charges an expense ratio of 0.60%. This is the annual fee deducted from fund assets to cover management and operations.

What is QYLD's distribution yield?

QYLD's trailing-twelve-month yield is 11.96%, calculated from the sum of distributions over the past year divided by the current price.

How does QYLD's covered-call strategy work?

QYLD sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is QYLD?

Global X - Nasdaq 100 Covered Call ETF (QYLD) manages $8.13B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is QYLD actively managed or an index fund?

QYLD's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.