QYLD

The Global X Nasdaq 100 Covered Call ETF (QYLD) invests primarily in the large‑cap U.S. equities that compose the Nasdaq 100 index, giving it a technology‑heavy, growth‑oriented exposure. Its strategy is a rules‑based “covered‑call” or “buy‑write” approach: the fund holds the underlying stocks and simultaneously sells at‑the‑money monthly call options on the index, collecting option premiums that are distributed as income. By overlaying the option‑writing overlay, the ETF seeks to generate regular monthly cash flow and lower portfolio volatility compared with holding the raw index alone. This structure tends to appeal to income‑focused investors, such as retirees or conservative equity investors, who want exposure to Nasdaq‑100 companies while prioritising yield and some downside protection.