EDGQ
Global X Nasdaq-100 Income Edge ETF
2026-07-09
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ARCX · Active · options-income
EDGQ
Global X Nasdaq-100 Income Edge ETF
Global X Management Company LLC
Verdict
WATCH
Weighted score · 3.20 / 5
AUM
—
assets under mgmt
Avg Volume
12K
shares · daily
Distribution
3.9%
Weekly · 99% ROC
Expense Ratio
0.00%
0.53% gross
1Y Return
—
vs underlying
Sharpe
2.63
Max DD -7.9%
Fund Identity
What it is, who runs it, where it lives.
The Global X Nasdaq-100® Income Edge℠ ETF (the "Fund") seeks to provide current income and exposure to the Nasdaq-100 Index (the "Reference Index")..
The Fund is an actively managed ETF that seeks to generate weekly income by selling (writing) call options on a portion of the Nasdaq-100 Portfolio while maintaining equity exposure to the Nasdaq-100 Index through its component securities and/or affiliated or unaffiliated ETFs. The Fund targets a 13% annualized distribution rate paid weekly, funded by option premiums and dividends. Only a portion of the portfolio is subject to written call options, leaving the remainder uncapped to participate in potential appreciation. When option premiums fall short of the distribution target, distributions may reduce NAV and may include a return of capital component.
Ticker
EDGQ
Issuer
Global X Management Company LLC
Exchange
ARCX
Inception
2026-02-18 · 0.3 yrs
Mgmt style
Active
Replication
Physical (full replication or ETF-based) combined with Derivatives (options writing on portion of portfolio)
Index-based
— · Nasdaq-100 Index
Leverage
None
Strategy & Options Mechanics
How the portfolio is built and where the income comes from.
PORTFOLIO
Hybrid
actively managed
OPTIONS OVERLAY
Strategy
Covered Calls (written on a portion of the Nasdaq-100 Portfolio; may include FLEX options)
generates income
Underlying
Nasdaq-100 Portfolio (individual component securities or ETFs tracking the Nasdaq-100)
income exposure
WEEKLY
3.9%
DIST. RATE
99% ROC
Ordinary Income
Underlying
Nasdaq-100 Portfolio (individual component securities or ETFs tracking the Nasdaq-100)
Strategy
Covered Calls (written on a portion of the Nasdaq-100 Portfolio; may include FLEX options)
Tax
Ordinary Income
The Fund writes call options on only a portion of the Nasdaq-100 Portfolio, with the specific portion determined by the Adviser based on market conditions, option premium availability, and income objectives. The capped portion cannot participate in appreciation beyond the strike price, while the remaining uncapped portion retains full upside potential. FLEX options issued and guaranteed by the OCC may be used, introducing liquidity and counterparty risks.
Performance & NAV
Total return vs. the underlying, with drawdown context.
NAV HISTORY · FEB '26 – JUN '26
max DD -7.9% $28.89
FEB '26JUN '26
Max DD
-7.9%
Volatility
19.5%
Sharpe
2.63
Sortino
4.02
Calmar
—
Beta
0.87
Flat-NAV reinvestment hurdle
0.0%
Share of each distribution you’d need to reinvest just to hold NAV flat. 0% — the fund is covering its payout without eroding NAV.
1Y vs Underlying
—
Tracking err.
—
Yield on cost
4.4%
Distribution & Tax
Where the yield comes from — and how it’s taxed.
Composition · Recent Distribution
99%
ROC
Return of Capital — constructive99%
Net Investment Income1%
Frequency
Weekly
Dist. rate
3.86%
ROC %
99%
30-day SEC
not reported
Consistency
2 w/o cut
YOC · 1yr-ago buyer
4.4%
Tax Treatment — Ordinary Income
ORDINARY INCOME
Distribution Composition (Recent)
99% Return of Capital
ROC is not free money — it lowers your cost basis. When shares are sold, capital gains are computed against the lower basis.
Composition · Narrative
The June 2026 distribution of $0.0704 per share is composed almost entirely of Return of Capital (98.91%), with only 1.09% from Net Investment Income. On a fiscal year-to-date basis, 97.82% of cumulative distributions represent Return of Capital. The fund estimates it has distributed more than its income, so investors should not interpret these payments as yield or income.
Distribution Growth & Schedule
Per-period growth of the payout, the latest schedule, and how long distributions take to repay NAV.
Distribution Growth by Lookback Period
+0.3% 1M +13.9% 3M
Latest Distribution Schedule
Record date
2026-06-15
Ex-dividend
2026-06-15
Pay date
—
Payback Period
25.9 yr
Dist. Since Incep.
$1.1
Holdings & Concentration
Position sizing, top-name weights, and concentration risk.
Sector Mix · Tilt vs Nasdaq-100
No sector feed for this fund.
Holdings
5
Top-10 Wt.
—
Technical Signal & Liquidity
Moving-average posture and a read on tradability.
Price vs. Moving Averages
No moving-average series.
Price $28.89
50-DMA $—
200-DMA $—
Liquidity
Avg daily volume
12K
Avg dollar volume
$315,915
Bid/ask spread
0.45%
Premium/discount
+0.52%
Turnover
—
Estimated bid/ask spread ~0.27% (moderate). Average daily dollar volume ~$0.3M (thin). This spread is a high-low estimate, not a live quote; the issuer's reported median spread and premium/discount to NAV are shown above when available.
Assets Under Management
Source: shares×price (Massive, monthly).
AUM ($)
—
$6M$3M$1M
FEB '26JUN '26
SOURCES  Massive market-data API, SEC EDGAR filings, issuer disclosures.
EDGQ · 2026-06-21
Prepared by denvereyon
Research aid, not investment advice.