EDGQ Global X Nasdaq-100 Income Edge ETF

About this ETF

The Global X Nasdaq-100 Income Edge ETF is an actively managed exchange-traded fund that seeks to deliver current income alongside exposure to the Nasdaq-100 Index through a sophisticated covered call strategy. It generates weekly distributions targeting a 13% annualized distribution rate by selling call options on a portion of its net assets, supplemented by dividends from underlying holdings, while preserving potential upside participation in rising markets. Portfolio managers dynamically adjust option coverage weekly based on market conditions such as volatility, interest rates, and option pricing, aiming for approximately 1/52nd of the annual target each week without fixed coverage levels. The fund's portfolio primarily holds large-cap growth ETFs like SCHG and QQQM, providing indirect access to leading Nasdaq-100 constituents in sectors including technology and communication services. Launched as part of Global X's Income Edge suite, it features a gross expense ratio of 0.50%, waived to zero through at least March 1, 2027, enabling cost-efficient income generation for investors seeking Nasdaq-100 exposure with enhanced yield in varying market environments. This structure distinguishes it in the options-based ETF space by balancing income objectives with equity appreciation potential.