Global X NASDAQ 100 Covered Call ETF (QYLD)

Global X NASDAQ 100 Covered Call ETF (QYLD) is an exchange-traded fund in the Derivative Income category. It has $8.37B in assets, an expense ratio of 0.60% and a 9.44% dividend yield. The fund will invest at least 80% of its total assets in the securities of the underlying index. The CBOE NASDAQ-100® BuyWrite Index is a benchmark index that measures the performance of a theoretical portfolio that holds a portfolio of the stocks included in the NASDAQ-100® Index, and "writes" (or sells) a succession of one-month at-the-money NASDAQ-100® Index covered call options. It is non-diversified.