QRMI


Nasdaq 100 Risk Managed Income ETF

Reasons to Consider QRMI

Alternative Income Source

QRMI seeks to generate an alternative source of income by selling covered calls.

Risk-Minded Approach

QRMI buys protective puts to mitigate the risks of a major market selloff.

Monthly Distributions

QRMI makes distributions on a monthly basis.

Key Information As of 06/28/24

Inception Date 08/25/21
Total Expense Ratio 0.61%
Net Assets $15.01 million
NAV $16.87
Fact Sheet View the document

ETF Summary

The Global X Nasdaq 100 Risk Managed Income ETF (QRMI) employs a protective net-credit collar1 strategy for investors seeking the income characteristics of a covered call fund, while mitigating the risks of a major market selloff with a protective put. QRMI seeks to achieve this outcome by owning the stocks in the Nasdaq 100 Index (NDX), while buying 5% out-of-the-money put options2 on NDX and selling at-the-money call options on the same index.

ETF Objective

The Global X Nasdaq 100 Risk Managed Income ETF (QRMI) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Nasdaq-100 Monthly Net Credit Collar 95-100 Index.

Trading Details As of 06/27/24

Ticker QRMI
Bloomberg Index Ticker NQRMII
CUSIP 37960A503
ISIN US37960A5039
Primary Exchange Nasdaq
Shares Outstanding 890,000
Number of Holdings 106
30-Day Median Bid-Ask Spread 0.24%

Distributions As of 06/28/24

30-Day SEC Yield 0.25%
12-Month Trailing Yield 12.94%
Distribution Yield 12.27%
Distribution Frequency Monthly

1A protective net-credit collar strategy is a mix of short (sold) call options and long (purchased) put options where the premiums received from the sale of the call options will be greater than the premium paid when buying the put options

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; an out-of-the-money call option conveys the right, but not the obligation, to buy an underlying asset at a strike price above that underlying asset’s market price (learn more)

ETF Prices As of 06/28/24

NAV $16.87 Daily Change -$0.04 -0.24%
Market Price $16.85 Daily Change -$0.05 -0.30%

Performance History

As of recent
(03/31/24)
As of recent
(03/31/24)
Fund NAV Market Price Index
1 Year 8.80% 8.93% 9.57%
Since Inception -2.55% -2.47% -2.42%
1 Year 4.18% 4.13% 5.05%
Since Inception -2.93% -2.87% -2.76%
Year-to-Date 4.81% 4.99% 5.26%
1 Month 1.52% 1.52% 1.64%
3 Months 4.81% 4.99% 5.26%
Since Inception -6.50% -6.29% -6.17%
Year-to-Date 3.24% 3.36% 3.83%
1 Month 1.31% 1.25% 1.28%
3 Months 0.01% -0.05% 0.26%
Since Inception -7.89% -7.74% -7.44%

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.

Options Details As of 06/27/24

Nasdaq 100 Price 19,789.00 Nasdaq 100 Mini Price 197.89

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short NASDAQ 100 Micro Call Option -$1,385,232 198 0.06% 07/19/2024 22
Short NASDAQ Call Option -$13,852,319 19750 0.00% 07/19/2024 22

Downside Floor Details

Option Positions Notional Exposure Strike Downside Before Floor Expiration Date Calendar Days to Expiry
Long NASDAQ 100 Micro Put Option $1,385,232 188 -5.00% 07/19/2024 22
Long NASDAQ Put Option $13,852,319 18750 -5.25% 07/19/2024 22

Top Holdings As of 06/28/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
8.74 MSFT MICROSOFT CORP 2588173 446.95 2,935 1,311,798.25
8.50 AAPL APPLE INC 2046251 210.62 6,056 1,275,514.72
7.99 NVDA NVIDIA CORP 2379504 123.54 9,714 1,200,067.56
5.29 AMZN AMAZON.COM INC 2000019 193.25 4,109 794,064.25
5.06 AVGO BROADCOM INC BDZ78H9 1,605.53 473 759,415.69
4.63 META META PLATFORMS INC B7TL820 504.22 1,377 694,310.94
2.81 GOOGL ALPHABET INC-CL A BYVY8G0 182.15 2,319 422,405.85
2.71 GOOG ALPHABET INC-CL C BYY88Y7 183.42 2,217 406,642.14
2.56 COST COSTCO WHOLESALE CORP 2701271 849.99 452 384,195.48
2.51 TSLA TESLA INC B616C79 197.88 1,905 376,961.40
1.97 NFLX NETFLIX INC 2857817 674.88 439 296,272.32
1.78 AMD ADVANCED MICRO DEVICES 2007849 162.21 1,648 267,322.08
1.69 ADBE ADOBE INC 2008154 555.54 457 253,881.78
1.54 PEP PEPSICO INC 2681511 164.93 1,401 231,066.93
1.51 QCOM QUALCOMM INC 2714923 199.18 1,137 226,467.66
1.43 LIN LINDE PLC BNZHB81 438.81 490 215,016.90
1.40 TMUS T-MOBILE US INC B94Q9V0 176.18 1,194 210,358.92
1.33 AMAT APPLIED MATERIALS INC 2046552 235.99 844 199,175.56
1.30 CSCO CISCO SYSTEMS INC 2198163 47.51 4,105 195,028.55
1.25 INTU INTUIT INC 2459020 657.21 285 187,304.85
1.20 TXN TEXAS INSTRUMENTS INC 2885409 194.53 928 180,523.84
1.14 AMGN AMGEN INC 2023607 312.45 547 170,910.15
1.07 ISRG INTUITIVE SURGICAL INC 2871301 444.85 361 160,590.85
1.04 CMCSA COMCAST CORP-CLASS A 2044545 39.16 3,987 156,130.92
0.99 MU MICRON TECHNOLOGY INC 2588184 131.53 1,128 148,365.84
0.94 LRCX LAM RESEARCH CORP 2502247 1,064.85 133 141,625.05
0.94 HON HONEYWELL INTL 2020459 213.54 663 141,577.02
0.92 BKNG BOOKING HOLDINGS INC BDRXDB4 3,961.50 35 138,652.50
0.90 INTC INTEL CORP 2463247 30.97 4,336 134,285.92
0.82 VRTX VERTEX PHARM 2931034 468.72 263 123,273.36
0.77 REGN REGENERON PHARMACEUTICALS 2730190 1,051.03 110 115,613.30
0.77 ADI ANALOG DEVICES INC 2032067 228.26 505 115,271.30
0.75 KLAC KLA CORP 2480138 824.51 137 112,957.87
0.75 PANW PALO ALTO NETWORKS INC B87ZMX0 339.01 330 111,873.30
0.66 ADP AUTOMATIC DATA PROCESSING 2065308 238.69 417 99,533.73
0.63 ASML ASML HOLDING-NY B908F01 1,022.73 93 95,113.89
0.62 SNPS SYNOPSYS INC 2867719 595.06 156 92,829.36
0.60 PDD PDD HOLDINGS INC BYVW0F7 132.95 680 90,406.00
0.60 CRWD CROWDSTRIKE HO-A BJJP138 383.19 235 90,049.65
0.60 SBUX STARBUCKS CORP 2842255 77.85 1,153 89,761.05
0.60 MDLZ MONDELEZ INTER-A B8CKK03 65.44 1,365 89,325.60
0.58 GILD GILEAD SCIENCES INC 2369174 68.61 1,268 86,997.48
0.57 MELI MERCADOLIBRE INC B23X1H3 1,643.40 52 85,456.80
0.57 CDNS CADENCE DESIGN SYS INC 2302232 307.75 277 85,246.75
0.48 CTAS CINTAS CORP 2197137 700.26 103 72,126.78
0.47 MAR MARRIOTT INTL-A 2210614 241.77 290 70,113.30
0.47 NXPI NXP SEMICONDUCTORS NV B505PN7 269.09 260 69,963.40
0.45 ABNB AIRBNB INC-CLASS A BMGYYH4 151.63 449 68,081.87
0.44 CSX CSX CORP 2160753 33.45 1,988 66,498.60
0.43 CEG CONSTELLATION ENERGY BMH4FS1 200.27 321 64,286.67
0.42 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,056.06 60 63,363.60
0.41 PYPL PAYPAL HOLDINGS INC BYW36M8 58.03 1,063 61,685.89
0.41 MRVL MARVELL TECHNOLOGY INC BNKJSM5 69.90 880 61,512.00
0.41 ROP ROPER TECHNOLOGIES INC 2749602 563.66 109 61,438.94
0.37 PCAR PACCAR INC 2665861 102.94 533 54,867.02
0.36 ADSK AUTODESK INC 2065159 247.45 219 54,191.55
0.35 CPRT COPART INC 2208073 54.16 978 52,968.48
0.35 MNST MONSTER BEVERAGE CORP BZ07BW4 49.95 1,058 52,847.10
0.33 MCHP MICROCHIP TECHNOLOGY INC 2592174 91.50 545 49,867.50
0.33 ROST ROSS STORES INC 2746711 145.32 341 49,554.12
0.32 WDAY WORKDAY INC-CLASS A B8K6ZD1 223.56 215 48,065.40
0.31 AEP AMERICAN ELECTRIC POWER 2026242 87.74 535 46,940.90
0.31 FTNT FORTINET INC B5B2106 60.27 775 46,709.25
0.31 MRNA MODERNA INC BGSXTS3 118.75 389 46,193.75
0.31 AZN ASTRAZENECA PLC-SPONS ADR 2989044 77.99 591 46,092.09
0.31 KDP KEURIG DR PEPPER INC BD3W133 33.40 1,376 45,958.40
0.31 DXCM DEXCOM INC B0796X4 113.38 404 45,805.52
0.29 TTD TRADE DESK INC-A BD8FDD1 97.67 452 44,146.84
0.29 CHTR CHARTER COMMUN-A BZ6VT82 298.96 146 43,648.16
0.29 PAYX PAYCHEX INC 2674458 118.56 365 43,274.40
0.28 DASH DOORDASH INC - A BN13P03 108.78 387 42,097.86
0.27 IDXX IDEXX LABORATORIES INC 2459202 487.20 84 40,924.80
0.27 DDOG DATADOG INC - CLASS A BKT9Y49 129.69 313 40,592.97
0.26 KHC KRAFT HEINZ CO/THE BYRY499 32.22 1,232 39,695.04
0.26 VRSK VERISK ANALYTICS INC B4P9W92 269.55 145 39,084.75
0.26 ODFL OLD DOMINION FREIGHT LINE 2656423 176.60 220 38,852.00
0.25 EA ELECTRONIC ARTS INC 2310194 139.33 270 37,619.10
0.25 LULU LULULEMON ATHLETICA INC B23FN39 298.70 123 36,740.10
0.24 FAST FASTENAL CO 2332262 62.84 581 36,510.04
0.24 FANG DIAMONDBACK ENERGY INC B7Y8YR3 200.19 181 36,234.39
0.24 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 77.92 463 36,076.96
0.24 BKR BAKER HUGHES CO BDHLTQ5 35.17 1,011 35,556.87
0.23 EXC EXELON CORP 2670519 34.61 1,014 35,094.54
0.23 BIIB BIOGEN INC 2455965 231.82 148 34,309.36
0.23 CTSH COGNIZANT TECH-A 2257019 68.00 504 34,272.00
0.23 CCEP COCA-COLA EUROPA BYQQ3P5 72.87 465 33,884.55
0.21 CASH 1.00 30,764 30,764.21
0.20 CSGP COSTAR GROUP INC 2262864 74.14 414 30,693.96
0.20 CDW CDW CORP/DE BBM5MD6 223.84 136 30,442.24
0.20 XEL XCEL ENERGY INC 2614807 53.41 563 30,069.83
0.20 ON ON SEMICONDUCTOR 2583576 68.55 436 29,887.80
0.20 ZS ZSCALER INC BZ00V34 192.19 152 29,212.88
0.19 TEAM ATLASSIAN CORP-CL A BQ1PC76 176.88 161 28,477.68
0.19 ANSS ANSYS INC 2045623 321.50 88 28,292.00
0.19 GFS GLOBALFOUNDRIES INC BMW7F63 50.56 558 28,212.48
0.18 NDX US 07/19/24 P18750 3,905.00 7 27,335.00
0.18 TTWO TAKE-TWO INTERAC 2122117 155.49 173 26,899.77
0.16 DLTR DOLLAR TREE INC 2272476 106.77 220 23,489.40
0.13 ARM ARM HOLDINGS PLC-ADR BNSP5P7 163.62 119 19,470.78
0.12 MDB MONGODB INC BF2FJ99 249.96 74 18,497.04
0.12 WBD WARNER BROS DISCOVERY INC BM8JYX3 7.44 2,468 18,361.92
0.11 ILMN ILLUMINA INC 2613990 104.38 160 16,700.80
0.07 WBA WALGREENS BOOTS BTN1Y44 12.10 866 10,474.27
0.02 XND US 07/19/24 P188 44.50 70 3,115.00
0.00 GRAL GRAIL INC BSLSSX7 15.37 27 409.86
-0.03 OTHER PAYABLE & RECEIVABLES 1.00 -4,361 -4,360.51
-0.11 XND US 07/19/24 C198 225.63 -70 -15,794.10
-1.27 NDX US 07/19/24 C19750 27,180.00 -7 -190,260.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 06/27/24

Return on Equity 22.60%
Weighted Avg. Market Cap 1,064,230 M
2023 2024
Price-to-earnings 34.15 29.19
Price-to-book value 7.21 6.06

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 05/31/24

Versus Beta
S&P 500 0.38
NASDAQ-100 0.34
MSCI EAFE 0.33
MSCI Emg. Mkts 0.26
Standard Deviation 8.70%

Source: new windowAltaVista Research, LLC

ETF Research

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

QRMI 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 price within a certain period or on a specific date. A collar strategy involves holding shares of the underlying stock while simultaneously buying put options and selling call options against that holding. QRMI writes covered call index options on and purchases put options on the Nasdaq 100 Index. By selling covered call options, the fund limits its opportunity to profit from an increase in the price of the underlying index above the exercise price. 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. While the fund receives premiums for writing the call options, the price it realizes from the exercise of an option could be substantially below the indices current market price. QRMI 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.