QYLG - QYLD: 12% Yielding Nasdaq 100 Fund And Alternatives

2024-02-02 09:15:00 ET

Summary

• The Nasdaq 100 had a strong year in 2023, with a 55% increase, but its dividend yield is only around 1%.
• Income investors can invest in Nasdaq 100-based funds that sell covered calls to generate income.
• The Global X Nasdaq 100 Covered Call ETF, Nuveen Nasdaq 100 Dynamic Overwrite Fund, and Global X Nasdaq 100 Covered Call & Growth ETF are popular funds that use this strategy.

The Nasdaq 100 had a great year in 2023 - it was up ~55%, in its best year since 1999. However, for income investors, the Nasdaq 100 isn't that attractive - it has an average dividend yield of ~1%....

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