Nasdaq Exposure & Income? This ETF Can Help

Core Insights - The ProShares Nasdaq-100 High Income ETF (IQQQ) launched in March 2024, focusing on providing high income while targeting the returns of the Nasdaq-100 [2] - IQQQ has achieved a 10.2% 12-month distribution rate as of October 31, indicating strong income potential for investors [2] - The ETF employs a unique strategy using daily expiring options, allowing for both high income and greater exposure to Nasdaq-100 returns compared to traditional covered call ETFs [3] Performance Metrics - IQQQ has returned 18.5% year-to-date (YTD) according to ETF Database data, showcasing its strong performance in the current market [4] - In the last three months, IQQQ has performed well, returning 8%, while other funds have struggled [4] Investment Strategy - The covered call strategy of IQQQ is designed to provide an innovative approach to income generation, appealing to investors seeking both growth and income [4] - The ETF's strategy contrasts with traditional covered call ETFs that typically limit upside potential, making IQQQ a potentially attractive option for growth-oriented investors [3]