QTR

Nasdaq 100 Tail Risk ETF

Reasons to Consider QTR

Growth Potential

QTR offers uncapped exposure to the growth potential¹ of the stocks in the Nasdaq 100 Index.

Manage Downside Risk

By buying protective puts, QTR seeks to mitigate significant selloffs of greater than approximately -10% from the purchase of the put to the options’ expiration in three months.

Efficient Options Execution

QTR buys put options on the Nasdaq 100, saving investors the time and potential expense of doing so individually.

¹QTR’s growth potential will decrease by the cost of the premiums paid

Key Information As of 01/06/25

Inception Date	08/25/21
Total Expense Ratio	0.25%
Net Assets	$2.90 million
NAV	$32.18
Fact Sheet	View the document

ETF Summary

The Global X Nasdaq 100 Tail Risk ETF (QTR) employs a protective put strategy for investors seeking to buffer against market selloffs. QTR seeks to achieve this outcome by owning the stocks in the Nasdaq 100 Index, coupled with buying 10% out-of-the-money put options² on the Nasdaq 100 Index.

ETF Objective

The Global X Nasdaq 100 Tail Risk ETF (QTR) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Nasdaq-100 Quarterly Protective Put 90 Index.

Trading Details As of 01/06/25

Ticker	QTR
Bloomberg Index Ticker	NQTRI
CUSIP	37960A404
ISIN	US37960A4040
Primary Exchange	Nasdaq
Shares Outstanding	90,000
Number of Holdings	103
30-Day Median Bid-Ask Spread	0.34%

Distributions As of 01/06/25

30-Day SEC Yield	0.56%
Distribution Frequency	Semi-Annually

²An out-of-the-money put option conveys the right, but not the obligation, to sell an underlying asset at a strike price below that underlying asset’s market price (learn more)

ETF Prices As of 01/06/25

NAV	$32.18	Daily Change	$0.30	0.94%
Market Price	$32.17	Daily Change	$0.30	0.94%

As of recent month & quarter-end (12/31/24) As of recent month & quarter-end (12/31/24)	Fund NAV	Market Price	Index
1 Year	21.26%	21.45%	21.84%
3 Years	7.87%	7.81%	8.32%
Since Inception	8.01%	8.01%	8.47%
1 Year	21.26%	21.45%	21.84%
3 Years	7.87%	7.81%	8.32%
Since Inception	8.01%	8.01%	8.47%
Year-to-Date	21.26%	21.45%	21.84%
1 Month	0.43%	0.43%	0.48%
3 Months	4.03%	4.10%	4.11%
Since Inception	29.50%	29.50%	31.36%
Year-to-Date	21.26%	21.45%	21.84%
1 Month	0.43%	0.43%	0.48%
3 Months	4.03%	4.10%	4.11%
Since Inception	29.50%	29.50%	31.36%

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Nasdaq 100 Price

21,559.50

Nasdaq 100 Mini Price

215.60

Downside Floor Details

Option Positions	Notional Exposure	Strike	Downside Before Floor	Expiration Date	Calendar Days to Expiry
Long NASDAQ 100 Micro Put Option	$711,464	192	-10.94%	03/21/2025	74
Long NASDAQ Put Option	$2,155,950	19200	-10.94%	03/21/2025	74

Net Assets (%)	Ticker	Name	SEDOL	Market Price ($)	Shares Held	Market Value ($)
9.26	AAPL	APPLE INC	2046251	245.00	1,095	268,275.00
9.16	NVDA	NVIDIA CORP	2379504	149.43	1,775	265,238.25
7.96	MSFT	MICROSOFT CORP	2588173	427.85	539	230,611.15
5.99	AMZN	AMAZON.COM INC	2000019	227.61	762	173,438.82
4.57	AVGO	BROADCOM INC	BDZ78H9	236.41	560	132,389.60
3.73	TSLA	TESLA INC	B616C79	411.05	263	108,106.15
3.44	META	META PLATFORMS INC	B7TL820	630.20	158	99,571.60
2.89	GOOGL	ALPHABET INC-CL A	BYVY8G0	196.87	425	83,669.75
2.75	GOOG	ALPHABET INC-CL C	BYY88Y7	197.96	403	79,777.88
2.52	COST	COSTCO WHOLESALE CORP	2701271	922.71	79	72,894.09
2.31	NFLX	NETFLIX INC	2857817	881.79	76	67,016.04
1.52	TMUS	T-MOBILE US INC	B94Q9V0	212.38	207	43,962.66
1.46	CSCO	CISCO SYSTEMS INC	2198163	58.77	717	42,138.09
1.29	AMD	ADVANCED MICRO DEVICES	2007849	129.55	288	37,310.40
1.23	PEP	PEPSICO INC	2681511	146.27	243	35,543.61
1.21	LIN	LINDE PLC	BNZHB81	412.91	85	35,097.35
1.18	ISRG	INTUITIVE SURGICAL INC	2871301	542.37	63	34,169.31
1.18	ADBE	ADOBE INC	2008154	431.18	79	34,063.22
1.09	QCOM	QUALCOMM INC	2714923	159.85	198	31,650.30
1.08	INTU	INTUIT INC	2459020	625.16	50	31,258.00
1.08	TXN	TEXAS INSTRUMENTS INC	2885409	192.18	162	31,133.16
1.02	PLTR	PALANTIR TECHN-A	BN78DQ4	75.92	390	29,608.80
1.02	BKNG	BOOKING HOLDINGS INC	BDRXDB4	4,909.79	6	29,458.74
0.90	AMAT	APPLIED MATERIALS INC	2046552	177.48	147	26,089.56
0.89	CMCSA	COMCAST CORP-CLASS A	2044545	37.49	687	25,755.63
0.88	HON	HONEYWELL INTL	2020459	221.74	115	25,500.10
0.85	AMGN	AMGEN INC	2023607	258.59	95	24,566.05
0.73	PANW	PALO ALTO NETWORKS INC	B87ZMX0	179.50	117	21,001.50
0.71	ADP	AUTOMATIC DATA PROCESSING	2065308	287.13	72	20,673.36
0.70	GILD	GILEAD SCIENCES INC	2369174	91.23	221	20,161.83
0.68	MU	MICRON TECHNOLOGY INC	2588184	99.26	197	19,554.22
0.66	ADI	ANALOG DEVICES INC	2032067	218.00	88	19,184.00
0.65	APP	APPLOVIN CORP-CLASS A	BMV3LG4	354.93	53	18,811.29
0.65	SBUX	STARBUCKS CORP	2842255	93.13	201	18,719.13
0.64	VRTX	VERTEX PHARM	2931034	402.49	46	18,514.54
0.63	MRVL	MARVELL TECHNOLOGY INC	BNKJSM5	119.01	153	18,208.53
0.62	LRCX	LAM RESEARCH CORP	BSML4N7	77.98	230	17,935.40
0.57	KLAC	KLA CORP	2480138	690.30	24	16,567.20
0.56	PYPL	PAYPAL HOLDINGS INC	BYW36M8	89.53	181	16,204.93
0.56	MELI	MERCADOLIBRE INC	B23X1H3	1,799.42	9	16,194.78
0.52	CDNS	CADENCE DESIGN SYS INC	2302232	308.14	49	15,098.86
0.52	INTC	INTEL CORP	2463247	19.87	757	15,041.59
0.52	CRWD	CROWDSTRIKE HO-A	BJJP138	366.36	41	15,020.76
0.52		NDX US 03/21/25 P19200		15,010.00	1	15,010.00
0.51	CEG	CONSTELLATION ENERGY	BMH4FS1	264.28	56	14,799.68
0.48	MDLZ	MONDELEZ INTER-A	B8CKK03	58.22	237	13,798.14
0.47	MAR	MARRIOTT INTL-A	2210614	272.62	50	13,631.00
0.47	REGN	REGENERON PHARMACEUTICALS	2730190	716.26	19	13,608.94
0.47	SNPS	SYNOPSYS INC	2867719	501.06	27	13,528.62
0.46	FTNT	FORTINET INC	B5B2106	97.94	137	13,417.78
0.46	CTAS	CINTAS CORP	2197137	185.10	72	13,327.20
0.43	MSTR	MICROSTRATEGY INC-CL A	2974329	379.09	33	12,509.97
0.43	ASML	ASML HOLDING-NY	B908F01	768.51	16	12,296.16
0.42	ORLY	O'REILLY AUTOMOTIVE INC	B65LWX6	1,210.47	10	12,104.70
0.41	DASH	DOORDASH INC - A	BN13P03	175.02	68	11,901.36
0.41	PDD	PDD HOLDINGS INC	BYVW0F7	99.02	119	11,783.38
0.38	ADSK	AUTODESK INC	2065159	292.51	38	11,115.38
0.38	CSX	CSX CORP	2160753	32.00	342	10,944.00
0.37	ABNB	AIRBNB INC-CLASS A	BMGYYH4	135.20	79	10,680.80
0.35	TTD	TRADE DESK INC-A	BD8FDD1	126.58	80	10,126.40
0.34	PCAR	PACCAR INC	2665861	107.24	92	9,866.08
0.34	CPRT	COPART INC	2208073	56.58	173	9,788.34
0.33	WDAY	WORKDAY INC-CLASS A	B8K6ZD1	254.14	38	9,657.32
0.33	ROP	ROPER TECHNOLOGIES INC	2749602	507.10	19	9,634.90
0.33	NXPI	NXP SEMICONDUCTORS NV	B505PN7	213.41	45	9,603.45
0.32	ROST	ROSS STORES INC	2746711	154.95	59	9,142.05
0.31	FANG	DIAMONDBACK ENERGY INC	B7Y8YR3	169.64	53	8,990.92
0.31	MNST	MONSTER BEVERAGE CORP	BZ07BW4	51.87	172	8,921.64
0.30	CHTR	CHARTER COMMUN-A	BZ6VT82	349.55	25	8,738.75
0.30	AEP	AMERICAN ELECTRIC POWER	2026242	90.32	95	8,580.40
0.30	PAYX	PAYCHEX INC	2674458	136.06	63	8,571.78
0.29	LULU	LULULEMON ATHLETICA INC	B23FN39	395.31	21	8,301.51
0.28	DDOG	DATADOG INC - CLASS A	BKT9Y49	146.04	55	8,032.20
0.28	AXON	AXON ENTERPRISE INC	BDT5S35	570.71	14	7,989.94
0.26	KDP	KEURIG DR PEPPER INC	BD3W133	31.08	245	7,614.60
0.26	BKR	BAKER HUGHES CO	BDHLTQ5	42.83	175	7,495.25
0.25	FAST	FASTENAL CO	2332262	71.97	101	7,268.97
0.25	TEAM	ATLASSIAN CORP-CL A	BQ1PC76	254.63	28	7,129.64
0.24	AZN	ASTRAZENECA PLC-SPONS ADR	2989044	66.84	105	7,018.20
0.24	ODFL	OLD DOMINION FREIGHT LINE	2656423	182.67	38	6,941.46
0.24	VRSK	VERISK ANALYTICS INC	B4P9W92	273.00	25	6,825.00
0.24	EXC	EXELON CORP	2670519	37.80	180	6,804.00
0.23	GEHC	GE HEALTHCARE TECHNOLOGY	BL6JPG8	81.72	82	6,701.04
0.23	EA	ELECTRONIC ARTS INC	2310194	145.25	46	6,681.50
0.23	CTSH	COGNIZANT TECH-A	2257019	75.91	87	6,604.17
0.23	XEL	XCEL ENERGY INC	2614807	65.14	101	6,579.14
0.23	KHC	KRAFT HEINZ CO/THE	BYRY499	30.05	218	6,550.90
0.22	CCEP	COCA-COLA EUROPA	BYQQ3P5	75.69	83	6,282.27
0.21	IDXX	IDEXX LABORATORIES INC	2459202	429.16	14	6,008.24
0.20	TTWO	TAKE-TWO INTERAC	2122117	188.98	30	5,669.40
0.19	DXCM	DEXCOM INC	B0796X4	79.88	70	5,591.60
0.19	MCHP	MICROCHIP TECHNOLOGY INC	2592174	58.29	94	5,479.26
0.18	CSGP	COSTAR GROUP INC	2262864	71.21	74	5,269.54
0.18	ZS	ZSCALER INC	BZ00V34	188.71	27	5,095.17
0.18		XND US 03/21/25 P192		154.00	33	5,082.00
0.18	ANSS	ANSYS INC	2045623	338.65	15	5,079.75
0.17	ON	ON SEMICONDUCTOR	2583576	64.51	77	4,967.27
0.17	WBD	WARNER BROS DISCOVERY INC	BM8JYX3	10.83	444	4,808.52
0.15	GFS	GLOBALFOUNDRIES INC	BMW7F63	43.78	101	4,421.78
0.15	CDW	CDW CORP/DE	BBM5MD6	179.29	24	4,302.96
0.14	BIIB	BIOGEN INC	2455965	153.27	26	3,985.02
0.11	MDB	MONGODB INC	BF2FJ99	252.86	13	3,287.18
0.10	ARM	ARM HOLDINGS PLC-ADR	BNSP5P7	147.41	20	2,948.20
0.07		CASH		1.00	2,086	2,086.47
0.01		OTHER PAYABLE & RECEIVABLES		1.00	184	183.59

Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 01/06/25

Return on Equity	22.00%
Weighted Avg. Market Cap	1,222,640 M
	2023	2024
Price-to-earnings	36.80	32.41
Price-to-book value	7.80	6.56

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 12/31/24

Versus	Beta
S&P 500	0.97
NASDAQ-100	0.85
MSCI EAFE	0.73
MSCI Emg. Mkts	0.62
Standard Deviation	19.20%

Source: new windowAltaVista Research, LLC

ETF Research

ETF Documents

Latest Premium / Discount As of 01/06/25

NAV	$32.18
Market Price	$32.17
Premium / (Discount)	($0.01)

Current View 2025 Q1 As of 01/06/25

Days at Premium	0
Days at NAV	0
Days at Discount	3
Greatest Premium	0.00%
Greatest Discount	-0.04%

Daily Premium / Discount History As of 01/06/25

Hover over the chart points for details

View Chart Explanation

Download Chart Data (.CSV)

How can the Fund trade at a premium/discount to its NAV?

The primary explanation is that timing discrepancies can arise between the NAV and the trading price of the Fund. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

What causes these time discrepancies?

Close of Trading Times. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.

Time of Last Trade. Trading of Global X funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade - from which the closing price is determined - may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to deviate from the closing price.

International Holdings. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.

Investing involves risk, including the possible loss of principal. Concentration in a particular industry or sector will subject QTR to loss due to adverse occurrences that may affect that industry or sector. Investors in QTR should be willing to accept a high degree of volatility in the price of the fund’s shares and the possibility of significant losses.

The Fund engages in options trading. An option is a contract sold by one party to another that gives the buyer the right, but not the obligation, to buy (call) or sell (put) a stock at an agreed upon strike price within a certain period or on a specific date. By purchasing put options, in return for the payment of premiums, the Fund may be protected from a significant decline in the price of the Nasdaq 100 Index if the put options become in the money (Nasdaq 100 closes below the strike price as of the expiration date); but during periods where the Nasdaq 100 Index appreciates, the Fund will underperform due to the cost of the premiums paid. A liquid market may not exist for options held by the Fund. QTR is non-diversified.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Nasdaq, nor does this entity make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with Nasdaq.

QTR