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 11/22/24

Inception Date	08/25/21
Total Expense Ratio	0.25%
Net Assets	$2.81 million
NAV	$31.23
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 11/21/24

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	0.33%

Distributions As of 11/22/24

30-Day SEC Yield	0.59%
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 11/22/24

NAV	$31.23	Daily Change	$0.05	0.16%
Market Price	$31.24	Daily Change	$0.02	0.06%

As of recent (09/30/24) As of recent (09/30/24)	Fund NAV	Market Price	Index
1 Year	31.66%	31.69%	31.97%
3 Years	8.87%	8.77%	9.38%
Since Inception	7.31%	7.29%	7.78%
1 Year	33.26%	33.35%	33.71%
3 Years	6.59%	6.59%	7.10%
Since Inception	6.80%	6.82%	7.27%
Year-to-Date	16.56%	16.66%	17.03%
1 Month	2.12%	2.12%	2.12%
3 Months	1.23%	1.07%	1.22%
Since Inception	24.48%	24.40%	26.17%
Year-to-Date	15.49%	15.74%	15.99%
1 Month	-0.92%	-0.79%	-0.89%
3 Months	1.76%	1.93%	1.81%
Since Inception	23.33%	23.41%	25.05%

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

20,740.78

Nasdaq 100 Mini Price

207.41

Downside Floor Details

Option Positions	Notional Exposure	Strike	Downside Before Floor	Expiration Date	Calendar Days to Expiry
Long NASDAQ 100 Micro Put Option	$725,927	175	-15.63%	12/20/2024	29
Long NASDAQ Put Option	$2,074,078	17750	-14.42%	12/20/2024	29

Net Assets (%)	Ticker	Name	SEDOL	Market Price ($)	Shares Held	Market Value ($)
8.55	AAPL	APPLE INC	2046251	229.87	1,045	240,214.15
8.51	NVDA	NVIDIA CORP	2379504	141.95	1,686	239,327.70
7.58	MSFT	MICROSOFT CORP	2588173	417.00	511	213,087.00
5.06	AMZN	AMAZON.COM INC	2000019	197.12	721	142,123.52
4.81	AVGO	BROADCOM INC	BDZ78H9	164.23	823	135,161.29
4.75	META	META PLATFORMS INC	B7TL820	559.14	239	133,634.46
4.16	TSLA	TESLA INC	B616C79	352.56	332	117,049.92
2.71	COST	COSTCO WHOLESALE CORP	2701271	964.01	79	76,156.79
2.43	NFLX	NETFLIX INC	2857817	897.79	76	68,232.04
2.36	GOOGL	ALPHABET INC-CL A	BYVY8G0	164.76	402	66,233.52
2.28	GOOG	ALPHABET INC-CL C	BYY88Y7	166.57	384	63,962.88
1.76	TMUS	T-MOBILE US INC	B94Q9V0	238.28	207	49,323.96
1.49	CSCO	CISCO SYSTEMS INC	2198163	58.55	717	41,980.35
1.44	ADBE	ADOBE INC	2008154	512.15	79	40,459.85
1.42	AMD	ADVANCED MICRO DEVICES	2007849	138.35	288	39,844.80
1.40	PEP	PEPSICO INC	2681511	162.00	243	39,366.00
1.38	LIN	LINDE PLC	BNZHB81	454.78	85	38,656.30
1.23	ISRG	INTUITIVE SURGICAL INC	2871301	547.87	63	34,515.81
1.14	TXN	TEXAS INSTRUMENTS INC	2885409	198.00	162	32,076.00
1.14	INTU	INTUIT INC	2459020	640.12	50	32,006.00
1.11	BKNG	BOOKING HOLDINGS INC	BDRXDB4	5,177.15	6	31,062.90
1.10	QCOM	QUALCOMM INC	2714923	156.79	198	31,044.42
1.06	CMCSA	COMCAST CORP-CLASS A	2044545	43.47	687	29,863.89
1.00	AMGN	AMGEN INC	2023607	294.53	95	27,980.35
0.94	HON	HONEYWELL INTL	2020459	229.11	115	26,347.65
0.92	AMAT	APPLIED MATERIALS INC	2046552	174.88	147	25,707.36
0.78	ADP	AUTOMATIC DATA PROCESSING	2065308	305.15	72	21,970.80
0.78	PANW	PALO ALTO NETWORKS INC	B87ZMX0	383.36	57	21,851.52
0.74	VRTX	VERTEX PHARM	2931034	450.97	46	20,744.62
0.73	SBUX	STARBUCKS CORP	2842255	102.50	201	20,602.50
0.72	MU	MICRON TECHNOLOGY INC	2588184	102.64	197	20,220.08
0.71	GILD	GILEAD SCIENCES INC	2369174	90.19	221	19,931.99
0.67	ADI	ANALOG DEVICES INC	2032067	214.59	88	18,883.92
0.66	INTC	INTEL CORP	2463247	24.50	757	18,546.50
0.64	MELI	MERCADOLIBRE INC	B23X1H3	2,005.00	9	18,045.00
0.63	APP	APPLOVIN CORP-CLASS A	BMV3LG4	333.31	53	17,665.43
0.59	LRCX	LAM RESEARCH CORP	BSML4N7	72.64	230	16,707.20
0.57	CTAS	CINTAS CORP	2197137	221.76	72	15,966.72
0.56	PYPL	PAYPAL HOLDINGS INC	BYW36M8	86.77	181	15,705.37
0.55	KLAC	KLA CORP	2480138	639.55	24	15,349.20
0.54	CDNS	CADENCE DESIGN SYS INC	2302232	311.87	49	15,281.63
0.54	MDLZ	MONDELEZ INTER-A	B8CKK03	64.40	237	15,262.80
0.54	CRWD	CROWDSTRIKE HO-A	BJJP138	372.26	41	15,262.66
0.54	SNPS	SYNOPSYS INC	2867719	565.07	27	15,256.89
0.51	MAR	MARRIOTT INTL-A	2210614	284.29	50	14,214.50
0.50	MRVL	MARVELL TECHNOLOGY INC	BNKJSM5	92.51	153	14,154.03
0.50	REGN	REGENERON PHARMACEUTICALS	2730190	738.00	19	14,022.00
0.50	CEG	CONSTELLATION ENERGY	BMH4FS1	249.89	56	13,993.84
0.45	FTNT	FORTINET INC	B5B2106	92.77	137	12,709.49
0.44	ORLY	O'REILLY AUTOMOTIVE INC	B65LWX6	1,227.37	10	12,273.70
0.44	CSX	CSX CORP	2160753	35.78	342	12,236.76
0.43	ADSK	AUTODESK INC	2065159	321.27	38	12,208.26
0.43	DASH	DOORDASH INC - A	BN13P03	177.24	68	12,052.32
0.42	PDD	PDD HOLDINGS INC	BYVW0F7	100.07	119	11,908.33
0.41	ASML	ASML HOLDING-NY	B908F01	672.88	17	11,438.96
0.39	ABNB	AIRBNB INC-CLASS A	BMGYYH4	137.34	79	10,849.86
0.39	CPRT	COPART INC	2208073	62.70	173	10,847.10
0.38	ROP	ROPER TECHNOLOGIES INC	2749602	560.14	19	10,642.66
0.38	PCAR	PACCAR INC	2665861	114.75	92	10,557.00
0.37	TTD	TRADE DESK INC-A	BD8FDD1	129.70	80	10,376.00
0.36	NXPI	NXP SEMICONDUCTORS NV	B505PN7	226.38	45	10,187.10
0.36	WDAY	WORKDAY INC-CLASS A	B8K6ZD1	267.75	38	10,174.50
0.35	FANG	DIAMONDBACK ENERGY INC	B7Y8YR3	185.29	53	9,820.37
0.35	CHTR	CHARTER COMMUN-A	BZ6VT82	388.27	25	9,706.75
0.33	MNST	MONSTER BEVERAGE CORP	BZ07BW4	54.06	172	9,298.32
0.33	AEP	AMERICAN ELECTRIC POWER	2026242	97.59	95	9,271.05
0.32	PAYX	PAYCHEX INC	2674458	144.46	63	9,100.98
0.31	ROST	ROSS STORES INC	2746711	146.09	59	8,619.31
0.30	DDOG	DATADOG INC - CLASS A	BKT9Y49	154.83	55	8,515.65
0.30	FAST	FASTENAL CO	2332262	83.08	101	8,391.08
0.30	ODFL	OLD DOMINION FREIGHT LINE	2656423	220.25	38	8,369.50
0.29	KDP	KEURIG DR PEPPER INC	BD3W133	32.66	245	8,001.70
0.28	BKR	BAKER HUGHES CO	BDHLTQ5	44.25	175	7,743.75
0.27	EA	ELECTRONIC ARTS INC	2310194	166.67	46	7,666.82
0.26	TEAM	ATLASSIAN CORP-CL A	BQ1PC76	260.58	28	7,296.24
0.26	VRSK	VERISK ANALYTICS INC	B4P9W92	290.73	25	7,268.25
0.26	XEL	XCEL ENERGY INC	2614807	71.35	101	7,206.35
0.25	EXC	EXELON CORP	2670519	38.71	180	6,967.80
0.25	KHC	KRAFT HEINZ CO/THE	BYRY499	31.81	218	6,934.58
0.25	CTSH	COGNIZANT TECH-A	2257019	79.54	87	6,919.98
0.25	AZN	ASTRAZENECA PLC-SPONS ADR	2989044	65.63	105	6,891.15
0.24	GEHC	GE HEALTHCARE TECHNOLOGY	BL6JPG8	82.44	82	6,760.08
0.24	LULU	LULULEMON ATHLETICA INC	B23FN39	317.11	21	6,659.31
0.23	CCEP	COCA-COLA EUROPA	BYQQ3P5	78.21	83	6,491.43
0.22	MCHP	MICROCHIP TECHNOLOGY INC	2592174	66.69	94	6,268.86
0.21	CSGP	COSTAR GROUP INC	2262864	79.81	74	5,905.94
0.21	IDXX	IDEXX LABORATORIES INC	2459202	417.24	14	5,841.36
0.20	ZS	ZSCALER INC	BZ00V34	210.96	27	5,695.92
0.20	TTWO	TAKE-TWO INTERAC	2122117	188.15	30	5,644.50
0.19	ON	ON SEMICONDUCTOR	2583576	69.62	77	5,360.74
0.19	ANSS	ANSYS INC	2045623	350.00	15	5,250.00
0.18	DXCM	DEXCOM INC	B0796X4	72.83	70	5,098.10
0.16	WBD	WARNER BROS DISCOVERY INC	BM8JYX3	10.11	444	4,488.84
0.15	GFS	GLOBALFOUNDRIES INC	BMW7F63	42.80	101	4,322.80
0.15	MDB	MONGODB INC	BF2FJ99	332.50	13	4,322.50
0.15	CDW	CDW CORP/DE	BBM5MD6	178.34	24	4,280.04
0.15	BIIB	BIOGEN INC	2455965	157.90	26	4,105.40
0.14	ILMN	ILLUMINA INC	2613990	140.14	28	3,923.92
0.12	SMCI	SUPER MICRO COMPUTER INC	BRC3N73	33.15	100	3,315.00
0.10	MRNA	MODERNA INC	BGSXTS3	41.11	69	2,836.59
0.10	ARM	ARM HOLDINGS PLC-ADR	BNSP5P7	135.99	20	2,719.80
0.07		NDX US 12/20/24 P17750		1,950.00	1	1,950.00
0.04		OTHER PAYABLE & RECEIVABLES		1.00	1,093	1,092.98
0.02		XND US 12/20/24 P175		18.00	35	630.00
0.01		CASH		1.00	369	368.70

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

ETF Characteristics As of 11/21/24

Return on Equity	22.00%
Weighted Avg. Market Cap	1,063,090 M
	2023	2024
Price-to-earnings	35.42	30.50
Price-to-book value	7.40	6.16

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 10/31/24

Versus	Beta
S&P 500	0.96
NASDAQ-100	0.85
MSCI EAFE	0.69
MSCI Emg. Mkts	0.62
Standard Deviation	19.10%

Source: new windowAltaVista Research, LLC

ETF Research

ETF Documents

Latest Premium / Discount As of 11/22/24

NAV	$31.23
Market Price	$31.24
Premium / (Discount)	$0.01

Current View 2024 Q4 As of 11/22/24

Days at Premium	19
Days at NAV	0
Days at Discount	20
Greatest Premium	0.37%
Greatest Discount	-0.34%

Daily Premium / Discount History As of 11/22/24

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