Global X Nasdaq 100 Covered Call ETF

The Global X Nasdaq 100 Covered Call ETF is an exchange-traded fund designed to provide investment results that correspond generally to the price and yield performance of the Cboe Nasdaq-100 BuyWrite V2 Index. The primary function of this ETF is to generate income through a covered call strategy, wherein it seeks to enhance yields by selling call options on the Nasdaq-100 Index while maintaining exposure to the stocks within the index itself. This approach enables the ETF to offer investors potential for regular income distribution as a result of option premiums. Notably, this ETF targets sectors heavily weighted in the technology, communication, and consumer discretionary areas, reflecting the composition of the Nasdaq-100 Index. It plays a significant role in the market by offering an attractive option for investors seeking income generation alongside equity exposure, appealing especially to those who are looking for a less volatile way to gain from the dynamic growth of the tech-heavy Nasdaq-100 without fully relying on capital appreciation. The fund, by blending income with exposure to some of the most prominent firms in the tech and innovation sectors, provides a unique financial tool for diversified portfolio strategies.