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QYLD: Covered Call ETF - 11.9% Yield Jun. 3, 2021 4:36 PMGlobal X Funds - Global X NASDAQ 100 Covered Call ETF (QYLD)QQQ, SPY Summary Covered call funds provide investors with strong yields and outperformance during flat markets, at the expense of lower capital gains and long-term returns. QYLD is a covered call ETF tracking the Nasdaq 100 index.