HANETF NASDAQ 100 DAILY COVERED CALL UCITS ETF (DIST.) NQQQ.DE

The HANetf Nasdaq-100 Daily Covered Call UCITS ETF seeks to generate income by systematically selling very short-dated Nasdaq-100 index call options (typically with one-day expiries, with expiries ranging from one to five days depending on availability), while retaining more of the index's upside than traditional monthly covered-call strategies by choosing adaptive, out-of-the-money strike prices based on implied volatility.

It tracks the Nasdaq-100 Daily Covered Call Index, which measures a covered-call strategy overlay on the Nasdaq-100 equity index. This is an equity fund focused on exposure to US large- and mid-cap companies (via the Nasdaq-100), with the addition of a derivatives overlay designed to generate premium income.

The replication method of the ETF is synthetic. The fund is managed by HANetf ICAV under the UCITS regulatory framework in Ireland. The investment in derivative instruments (European-style cash-settled index options) is central to the strategy's structure.