iShares Nasdaq Premium Income Active ETF (BALQ)

The iShares Nasdaq Premium Income Active ETF is an actively managed fund from BlackRock's iShares business that seeks to provide current income along with exposure to large technology-oriented and growth companies associated with the Nasdaq-100 Index.

The fund holds equities tied to the Nasdaq-100 and uses options-based strategies, such as selling call options, to generate premium income that supports regular distributions. Writing options produces income but limits participation in strong market rallies, while the fund remains exposed to declines in the underlying stocks.

Active management allows the portfolio managers to adjust option strikes, coverage and timing in response to market conditions rather than following a fixed rules-based overwrite.