ProShares - Nasdaq-100 High Income ETF
IQQQ
NASDAQ Global Market- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Mar 20, 2024
- Website
- proshares.com
- Similar Companies
- Business
- ProShares Nasdaq-100 High Income ETF (IQQQ) is an exchange-traded fund that seeks investment results, before fees and expenses, tracking the performance of the Nasdaq-100 Daily Covered Call Index through a daily covered call strategy combining a long position in the Nasdaq-100 Index with a short position in at-the-money Nasdaq-100 Index call options expiring each day; the fund generates high monthly income from option premiums and dividends while aiming for long-term total returns and risks similar to the Nasdaq-100 Index, using swap agreements with counterparties such as Goldman Sachs International and BNP Paribas for synthetic exposure rather than directly writing options, alongside investments in equity securities of Nasdaq-100 constituents including NVIDIA Corp., Apple Inc., and Microsoft Corp., Nasdaq-100 Index futures, and high-quality money market instruments like U.S. Treasury bills and repurchase agreements. Launched on March 18, 2024, and managed by ProShare Advisors LLC from its headquarters at 7272 Wisconsin Avenue, 21st Floor, Bethesda, Maryland, the fund operates with a net expense ratio of 0.55%, monthly distributions reflecting dividend and call premium income (12-month distribution rate of 10.34% as of November 30, 2025), and at least 80% of assets in Index components or instruments with similar economic characteristics; it targets institutional and retail investors seeking income from technology- and growth-oriented large-cap U.S. equities in the information technology and communication services sectors. Assets under management reached approximately $306 million as of late 2025, with portfolio turnover of 70% in the most recent fiscal year and holdings diversified across 101 companies weighted by market capitalization; the fund remains fully invested using a mathematical approach without regard to market conditions, though it exhibits non-diversification risk due to concentration in a limited number of issuers and counterparties. No major acquisitions, partnerships, funding rounds, or strategic shifts have been announced since inception through December 2025; the fund continues its core daily covered call strategy without reported reorganizations, new product launches beyond its initial offering, or significant operational changes.