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 04/11/25

Inception Date	08/25/21
Total Expense Ratio	0.25%
Net Assets	$2.26 million
NAV	$28.29
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 04/10/25

Ticker	QTR
Bloomberg Index Ticker	NQTRI
CUSIP	37960A404
ISIN	US37960A4040
Primary Exchange	Nasdaq
Shares Outstanding	80,000
Number of Holdings	103
30-Day Median Bid-Ask Spread	0.34%

Distributions As of 04/11/25

30-Day SEC Yield	0.62%
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 04/11/25

NAV	$28.29	Daily Change	$0.30	1.07%
Market Price	$28.30	Daily Change	$0.27	0.96%

As of recent month & quarter-end (03/31/25) As of recent month & quarter-end (03/31/25)	Fund NAV	Market Price	Index
1 Year	2.84%	2.55%	3.10%
3 Years	7.99%	7.86%	8.55%
Since Inception	4.66%	4.61%	5.10%
1 Year	2.84%	2.55%	3.10%
3 Years	7.99%	7.86%	8.55%
Since Inception	4.66%	4.61%	5.10%
Year-to-Date	-9.02%	-9.18%	-8.94%
1 Month	-7.82%	-7.95%	-7.79%
3 Months	-9.02%	-9.18%	-8.94%
Since Inception	17.82%	17.61%	19.62%
Year-to-Date	-9.02%	-9.18%	-8.94%
1 Month	-7.82%	-7.95%	-7.79%
3 Months	-9.02%	-9.18%	-8.94%
Since Inception	17.82%	17.61%	19.62%

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

18,690.06

Nasdaq 100 Mini Price

186.90

Downside Floor Details

Option Positions	Notional Exposure	Strike	Downside Before Floor	Expiration Date	Calendar Days to Expiry
Long NASDAQ Put Option	$1,869,006	17650	-5.56%	06/20/2025	70
Long NASDAQ 100 Micro Put Option	$299,041	175	-6.37%	06/20/2025	70

Net Assets (%)	Ticker	Name	SEDOL	Market Price ($)	Shares Held	Market Value ($)
8.33	AAPL	APPLE INC	2046251	198.15	951	188,440.65
8.07	MSFT	MICROSOFT CORP	2588173	388.45	470	182,571.50
7.60	NVDA	NVIDIA CORP	2379504	110.93	1,551	172,052.43
5.51	AMZN	AMAZON.COM INC	2000019	184.87	674	124,602.38
3.96	AVGO	BROADCOM INC	BDZ78H9	181.94	492	89,514.48
3.32	META	META PLATFORMS INC	B7TL820	543.57	138	75,012.66
2.94	COST	COSTCO WHOLESALE CORP	2701271	963.41	69	66,475.29
2.90		NDX US 06/20/25 P17650		65,670.00	1	65,670.00
2.72	NFLX	NETFLIX INC	2857817	918.29	67	61,525.43
2.58	TSLA	TESLA INC	B616C79	252.31	231	58,283.61
2.56	GOOGL	ALPHABET INC-CL A	BYVY8G0	157.14	369	57,984.66
2.45	GOOG	ALPHABET INC-CL C	BYY88Y7	159.40	348	55,471.20
2.04	TMUS	T-MOBILE US INC	B94Q9V0	258.67	178	46,043.26
1.57	CSCO	CISCO SYSTEMS INC	2198163	57.33	621	35,601.93
1.45	LIN	LINDE PLC	BNZHB81	441.83	74	32,695.42
1.38	PLTR	PALANTIR TECHN-A	BN78DQ4	88.55	352	31,169.60
1.37	PEP	PEPSICO INC	2681511	144.43	214	30,908.02
1.22	ISRG	INTUITIVE SURGICAL INC	2871301	493.60	56	27,641.60
1.14	INTU	INTUIT INC	2459020	587.04	44	25,829.76
1.06	AMGN	AMGEN INC	2023607	285.98	84	24,022.32
1.06	ADBE	ADOBE INC	2008154	352.47	68	23,967.96
1.06	QCOM	QUALCOMM INC	2714923	139.25	172	23,951.00
1.04	AMD	ADVANCED MICRO DEVICES	2007849	93.40	252	23,536.80
1.01	BKNG	BOOKING HOLDINGS INC	BDRXDB4	4,586.53	5	22,932.65
0.93	TXN	TEXAS INSTRUMENTS INC	2885409	147.60	142	20,959.20
0.90	GILD	GILEAD SCIENCES INC	2369174	103.63	196	20,311.48
0.89	HON	HONEYWELL INTL	2020459	198.55	101	20,053.55
0.88	CMCSA	COMCAST CORP-CLASS A	2044545	33.72	589	19,861.08
0.86	VRTX	VERTEX PHARM	2931034	484.22	40	19,368.80
0.85	ADP	AUTOMATIC DATA PROCESSING	2065308	299.54	64	19,170.56
0.81	AMAT	APPLIED MATERIALS INC	2046552	144.94	127	18,407.38
0.77	PANW	PALO ALTO NETWORKS INC	B87ZMX0	168.34	104	17,507.36
0.71	MELI	MERCADOLIBRE INC	B23X1H3	1,996.95	8	15,975.60
0.68	SBUX	STARBUCKS CORP	2842255	85.43	179	15,291.97
0.62	KLAC	KLA CORP	2480138	670.22	21	14,074.62
0.61	ADI	ANALOG DEVICES INC	2032067	179.16	77	13,795.32
0.60	MDLZ	MONDELEZ INTER-A	B8CKK03	67.05	203	13,611.15
0.60	CRWD	CROWDSTRIKE HO-A	BJJP138	377.90	36	13,604.40
0.60	LRCX	LAM RESEARCH CORP	BSML4N7	67.48	201	13,563.48
0.59	INTC	INTEL CORP	2463247	19.74	672	13,265.28
0.57	CTAS	CINTAS CORP	2197137	206.04	63	12,980.52
0.55	ORLY	O'REILLY AUTOMOTIVE INC	B65LWX6	1,389.79	9	12,508.11
0.54	MU	MICRON TECHNOLOGY INC	2588184	69.55	175	12,171.25
0.53	FTNT	FORTINET INC	B5B2106	97.73	122	11,923.06
0.52	APP	APPLOVIN CORP-CLASS A	BMV3LG4	249.95	47	11,747.65
0.49	CDNS	CADENCE DESIGN SYS INC	2302232	259.47	43	11,157.21
0.48	DASH	DOORDASH INC - A	BN13P03	180.49	60	10,829.40
0.48	MSTR	MICROSTRATEGY INC-CL A	2974329	299.98	36	10,799.28
0.46	CEG	CONSTELLATION ENERGY	BMH4FS1	208.25	50	10,412.50
0.45	SNPS	SYNOPSYS INC	2867719	421.21	24	10,109.04
0.44	MAR	MARRIOTT INTL-A	2210614	225.22	44	9,909.68
0.44		XND US 06/20/25 P175		617.50	16	9,880.00
0.43	PYPL	PAYPAL HOLDINGS INC	BYW36M8	62.59	156	9,764.04
0.42	ROP	ROPER TECHNOLOGIES INC	2749602	560.16	17	9,522.72
0.42	PDD	PDD HOLDINGS INC	BYVW0F7	90.50	105	9,502.50
0.42	REGN	REGENERON PHARMACEUTICALS	2730190	554.18	17	9,421.06
0.41	ASML	ASML HOLDING-NY	B908F01	668.81	14	9,363.34
0.40	CPRT	COPART INC	2208073	59.84	150	8,976.00
0.39	MNST	MONSTER BEVERAGE CORP	BZ07BW4	58.15	153	8,896.95
0.39	AEP	AMERICAN ELECTRIC POWER	2026242	104.63	85	8,893.55
0.39	ADSK	AUTODESK INC	2065159	258.45	34	8,787.30
0.37	CSX	CSX CORP	2160753	28.01	296	8,290.96
0.36	PAYX	PAYCHEX INC	2674458	146.75	56	8,218.00
0.35	ABNB	AIRBNB INC-CLASS A	BMGYYH4	114.54	69	7,903.26
0.34	WDAY	WORKDAY INC-CLASS A	B8K6ZD1	226.51	34	7,701.34
0.33	ROST	ROSS STORES INC	2746711	141.51	53	7,500.03
0.33	PCAR	PACCAR INC	2665861	90.47	82	7,418.54
0.33	KDP	KEURIG DR PEPPER INC	BD3W133	35.16	210	7,383.60
0.33	CHTR	CHARTER COMMUN-A	BZ6VT82	334.38	22	7,356.36
0.32	MRVL	MARVELL TECHNOLOGY INC	BNKJSM5	53.39	136	7,261.04
0.32	FAST	FASTENAL CO	2332262	80.64	90	7,257.60
0.32	EXC	EXELON CORP	2670519	46.00	156	7,176.00
0.30	AXON	AXON ENTERPRISE INC	BDT5S35	567.98	12	6,815.76
0.30	NXPI	NXP SEMICONDUCTORS NV	B505PN7	168.79	40	6,751.60
0.28	XEL	XCEL ENERGY INC	2614807	69.56	90	6,259.95
0.28	CCEP	COCA-COLA EUROPA	BYQQ3P5	86.60	72	6,235.20
0.27	VRSK	VERISK ANALYTICS INC	B4P9W92	291.88	21	6,129.48
0.27	AZN	ASTRAZENECA PLC-SPONS ADR	2989044	66.29	92	6,098.68
0.27	BKR	BAKER HUGHES CO	BDHLTQ5	37.93	158	5,992.94
0.26	EA	ELECTRONIC ARTS INC	2310194	142.93	41	5,860.13
0.25	TTWO	TAKE-TWO INTERAC	2122117	212.07	27	5,725.89
0.25	FANG	DIAMONDBACK ENERGY INC	B7Y8YR3	129.01	44	5,676.44
0.24	KHC	KRAFT HEINZ CO/THE	BYRY499	29.33	187	5,484.71
0.24	CTSH	COGNIZANT TECH-A	2257019	70.17	77	5,403.09
0.23	ODFL	OLD DOMINION FREIGHT LINE	2656423	152.23	34	5,175.82
0.23	CSGP	COSTAR GROUP INC	2262864	77.39	66	5,107.74
0.23	IDXX	IDEXX LABORATORIES INC	2459202	390.94	13	5,082.22
0.22	LULU	LULULEMON ATHLETICA INC	B23FN39	261.03	19	4,959.57
0.22	TEAM	ATLASSIAN CORP-CL A	BQ1PC76	198.37	25	4,959.25
0.21	ZS	ZSCALER INC	BZ00V34	198.08	24	4,753.92
0.20	GEHC	GE HEALTHCARE TECHNOLOGY	BL6JPG8	62.81	73	4,585.13
0.20	DDOG	DATADOG INC - CLASS A	BKT9Y49	92.02	49	4,508.98
0.18	DXCM	DEXCOM INC	B0796X4	66.14	62	4,100.68
0.17	ANSS	ANSYS INC	2045623	296.31	13	3,852.03
0.16	TTD	TRADE DESK INC-A	BD8FDD1	49.78	71	3,534.38
0.14	MCHP	MICROCHIP TECHNOLOGY INC	2592174	38.71	83	3,212.93
0.14	WBD	WARNER BROS DISCOVERY INC	BM8JYX3	7.97	398	3,172.06
0.13	GFS	GLOBALFOUNDRIES INC	BMW7F63	33.33	90	2,999.70
0.13	CDW	CDW CORP/DE	BBM5MD6	148.80	19	2,827.20
0.12	BIIB	BIOGEN INC	2455965	115.17	23	2,648.91
0.11	ON	ON SEMICONDUCTOR	2583576	35.08	69	2,420.18
0.10		CASH		1.00	2,325	2,325.18
0.10	ARM	ARM HOLDINGS PLC-ADR	BNSP5P7	103.99	21	2,183.79
0.09	MDB	MONGODB INC	BF2FJ99	162.24	12	1,946.88
0.03		OTHER PAYABLE & RECEIVABLES		1.00	572	571.72

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

ETF Characteristics As of 04/11/25

Return on Equity	32.60%
Weighted Avg. Market Cap	1,121,260 M
	2024	2025
Price-to-earnings	32.91	27.75
Price-to-book value	10.56	7.91

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 03/31/25

Versus	Beta
S&P 500	0.97
NASDAQ-100	0.86
MSCI EAFE	0.66
MSCI Emg. Mkts	0.58
Standard Deviation	19.10%

Source: new windowAltaVista Research, LLC

ETF Research

ETF Documents

Latest Premium / Discount As of 04/11/25

NAV	$28.29
Market Price	$28.30
Premium / (Discount)	$0.01

Current View 2025 Q2 As of 04/11/25

Days at Premium	5
Days at NAV	0
Days at Discount	4
Greatest Premium	0.36%
Greatest Discount	-0.44%

Daily Premium / Discount History As of 04/11/25

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