Global X Nasdaq 100 Covered Call ETF (QYLD)
Summary
QYLD Chart
How a 72-Year-Old's $400,000 in QYLD Now Pays $3,901 a Month, Down From a Steadily Shrinking Peak
A 72-year-old retiree who parked $400,000 in the Global X NASDAQ-100 Covered Call ETF (NASDAQ:QYLD) is watching her monthly income shrink one distribution at a time.
QYLD Holders Left $56,700 Per $10,000 on the Table Chasing Twelve Years of Monthly Income
Twelve years of monthly deposits felt like a paycheck. On paper, it was a shortfall.
QYLD's 12% Yield Looks Great. The Long-Term Cost Is Much Higher
Twelve years of monthly distributions and a double-digit yield sound attractive. But for long-term holders of the Global X NASDAQ 100
Global X Nasdaq 100 Covered Call ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 1.04M | $18.17M | $18.45M | $279,788.44 | 1.54% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 642,271 | $11.84M | $11.65M | -$186,249.08 | -1.57% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 701,648 | $12.9M | $12.74M | -$155,301.5 | -1.2% |
| WDW William Dudley Webb Jr. WORLD EQUITY GROUP Inc. | 41,484 | $732,190.49 | $735,718.74 | $3,528.25 | 0.48% |
| MB Mark Bloom Anchor Capital Management Group Inc. | 99,500 | $1.81M | $1.76M | -$48,257.5 | -2.66% |
Global X Nasdaq 100 Covered Call ETF (QYLD) FAQ
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Global X Nasdaq 100 Covered Call ETF Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
This investment firm focuses on a distinct approach to generating returns for its investors by primarily committing its assets into the securities that form the CBOE NASDAQ-100® BuyWrite Index. The firm's strategy revolves around the concept of a buy-write, which involves holding a portfolio of stocks while simultaneously writing covered call options on the same index. This methodology is designed to offer investors a unique blend of income generation and potential for capital appreciation, with a focus on the stocks included in the NASDAQ-100® Index. Despite its specialized strategy, the fund remains non-diversified, concentrating its investments in the securities of the underlying index to maintain a targeted investment approach.
Products and Services
- Securities of the Underlying Index
- Covered Call Options Strategy
- Non-Diversified Investment Portfolio
The primary investment of the fund involves allocating at least 80% of its total assets in the securities that constitute the CBOE NASDAQ-100® BuyWrite Index. This selection is meticulously curated to reflect the performance of a portfolio that not only holds the stocks included in the NASDAQ-100® Index but also engages in writing one-month at-the-money covered call options on the NASDAQ-100® Index. This strategy aims at capital growth through adherence to the index's performance, complemented by income generated from the options writing.
An integral component of the fund's investment approach is its continuous engagement in writing (or selling) a succession of one-month at-the-money NASDAQ-100® Index covered call options. This systematic writing of covered calls is designed to generate income for the fund, which, when combined with the capital gains from the securities of the underlying index, aims to provide an overall return. The covered call options strategy is a cornerstone of the fund’s operations, highlighting its non-traditional income strategy while maintaining a focused equity exposure.
Despite the prevailing market trend towards diversification, this fund deliberately maintains a non-diversified stance. By focusing on the securities within the CBOE NASDAQ-100® BuyWrite Index, the fund prioritizes a targeted investment strategy over diversification. This approach allows for a concentrated exposure to the performance of the NASDAQ-100® Index and its constituents, aligning closely with the fund's core strategy of leveraging the index's growth potential alongside income from options writing. This focused approach, however, also carries a higher risk due to its less diversified nature.
