Invesco QQQ Income Advantage ETF (QQA)

The Invesco QQQ Income Advantage ETF (ticker QQA) is an actively managed exchange-traded fund from Invesco. It seeks to provide current income along with exposure to the stocks of the Nasdaq-100 Index.

The fund holds Nasdaq-100 companies and generates income by selling call options linked to the index, a covered-call style approach that converts part of the index's potential upside into option premium. The managers adjust the option overlay over time rather than following a fixed mechanical rule.

The strategy is aimed at investors who want Nasdaq-100 growth exposure combined with a regular stream of distributions, accepting limits on gains during strong market rallies.