Key stats
About GLOBAL X ENHANCED NASDAQ 100 COVERE UNIT CL A
Home page
Inception date
Oct 11, 2023
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Return of capital
Primary advisor
Global X Investments Canada, Inc.
QQCL aims to provide leveraged and covered call exposure to the NASDAQ 100 Index. The underlying index tracks the performance of large domestic and international non-financial companies listed on the NASDAQ stock market. To obtain NASDAQ 100 exposure, QQCL either directly holds constituent securities of the index or invests in shares of related ETFs. The fund employs approximately 125% leverage through cash borrowing. QQCL also uses a covered call strategy, typically writing exchange-traded or over-the-counter index calls on up to 50% of the portfolio value. Although it provides hedging protection and generates premiums, the use of a covered call strategy may cap the fund's potential gains. Additionally, the fund may hold cash equivalents or money market instruments to meet its obligations.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF125.28%
Cash0.00%
Miscellaneous−25.28%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
QQCL last dividends amounted to 0.28 CAD. The month before, the issuer paid 0.30 CAD in dividends, which shows a 7.27% decrease.
QQCL assets under management is 211.31 M CAD. It's risen 24.55% over the last month.
QQCL fund flows account for 176.61 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.
Yes, QQCL pays dividends to its holders with the dividend yield of 13.72%. The last dividend (May 7, 2025) amounted to 0.28 CAD. The dividends are paid monthly.
QQCL shares are issued by Mirae Asset Global Investments Co., Ltd. under the brand Global X. The ETF was launched on Oct 11, 2023, and its management style is Passive.
QQCL expense ratio is 2.82% meaning you'd have to pay 2.82% of your investment to help manage the fund.
QQCL follows the NASDAQ 100 Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
QQCL invests in funds.
QQCL price has risen by 14.60% over the last month, and its yearly performance shows a 0.85% increase. See more dynamics on QQCL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 16.46% over the last month, showed a −9.39% decrease in three-month performance and has increased by 40.16% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 16.46% over the last month, showed a −9.39% decrease in three-month performance and has increased by 40.16% in a year.
QQCL trades at a premium (0.90%) meaning the ETF is trading at a higher price than the calculated NAV.