Key stats
About GLOBAL X NASDAQ-100 COVERED CALL ET UNIT CL E
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Inception date
Sep 13, 2011
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Return of capital
Income tax type
Capital Gains
Primary advisor
Global X Investments Canada, Inc.
The fund aims to provide exposure to the largest domestic and international non-financial firms listed on NASDAQ through the NASDAQ-100 Index. The fund’s primary focus is on generating monthly distribution of dividends and call option income in US dollars. It invests in a portfolio of large-cap firms, including ETFs, based on the index. The portfolio is adjusted quarterly by the fund manager in response to market movements. With the goal of managing risk and producing more income, the fund employs a covered call strategy that involves writing call options on up to 50% of its portfolio. This strategy includes investments in Covered Call ETFs, providing a hedge against declines and potentially yielding additional profits. Furthermore, investors should be aware that the fund’s use of covered call options may limit its potential gains. Prior to June 27, 2022, the fund traded under the name Horizons Enhanced Income International Equity ETF and the symbol HEJ.
Classification
What's in the fund
Exposure type
ETF
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
QQCC trades at 11.94 CAD today, its price has fallen −1.49% in the past 24 hours. Track more dynamics on QQCC price chart.
QQCC net asset value is 11.92 today — it's risen 6.17% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
QQCC assets under management is 408.82 M CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
QQCC price has risen by 6.80% over the last month, and its yearly performance shows a 0.42% increase. See more dynamics on QQCC price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 6.17% over the last month, showed a −5.07% decrease in three-month performance and has increased by 13.03% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 6.17% over the last month, showed a −5.07% decrease in three-month performance and has increased by 13.03% in a year.
QQCC fund flows account for 257.31 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
QQCC invests in funds. See more details in our Analysis section.
QQCC expense ratio is 0.86%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, QQCC isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, QQCC technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating QQCC shows the buy signal. See more of QQCC technicals for a more comprehensive analysis.
Today, QQCC technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating QQCC shows the buy signal. See more of QQCC technicals for a more comprehensive analysis.
Yes, QQCC pays dividends to its holders with the dividend yield of 11.33%.
QQCC trades at a premium (0.13%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
QQCC shares are issued by Mirae Asset Global Investments Co., Ltd.
QQCC follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Sep 13, 2011.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.