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XRMI

S&P 500 Risk Managed Income ETF

 

Reasons to Consider XRMI

Alternative Income Source

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

Risk-Minded Approach

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

Monthly Distributions

XRMI makes distributions on a monthly basis.

Key Information As of 04/18/24

Inception Date 08/25/21
Total Expense Ratio 0.60%
Net Assets $33.12 million
NAV $18.92
Fact Sheet View the document

ETF Summary

The Global X S&P 500 Risk Managed Income ETF (XRMI) 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. XRMI seeks to achieve this outcome by owning the stocks in the S&P 500 Index (SPX), while buying 5% out-of-the-money put options2 on SPX and selling at-the-money call options on the same index.

ETF Objective

The Global X S&P 500 Risk Managed Income ETF (XRMI) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P 500 Risk Managed Income Index.

Trading Details As of 04/18/24

Ticker XRMI
Bloomberg Index Ticker CLL1M
CUSIP 37960A206
ISIN US37960A2069
Primary Exchange NYSE Arca
Shares Outstanding 1,750,000
Number of Holdings 505
30-Day Median Bid-Ask Spread 0.32%

Distributions As of 04/18/24

30-Day SEC Yield 0.85%
12-Month Trailing Yield 13.05%
Distribution Yield 12.23%
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 04/18/24

NAV $18.92 Daily Change -$0.04 -0.21%
Market Price $18.94 Daily Change -$0.07 -0.37%

Performance History

As of recent month & quarter-end (03/31/24)
As of recent month & quarter-end (03/31/24)
Fund NAV Market Price Index
1 Year 6.48% 6.79% 7.49%
Since Inception -1.36% -1.28% -0.73%
1 Year 6.48% 6.79% 7.49%
Since Inception -1.36% -1.28% -0.73%
Year-to-Date 4.83% 5.21% 5.20%
1 Month 1.84% 1.78% 1.84%
3 Months 4.83% 5.21% 5.20%
Since Inception -3.49% -3.30% -1.90%
Year-to-Date 4.83% 5.21% 5.20%
1 Month 1.84% 1.78% 1.84%
3 Months 4.83% 5.21% 5.20%
Since Inception -3.49% -3.30% -1.90%

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 04/18/24

S&P 500 Price 5,011.12

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short S&P 500 Call Option -$33,073,393 5135 2.47% 04/19/2024 1

Downside Floor Details

Option Positions Notional Exposure Strike Downside Before Floor Expiration Date Calendar Days to Expiry
Long S&P 500 Put Option $33,073,393 4875 -2.72% 04/19/2024 1

Top Holdings As of 04/18/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
7.15 MSFT MICROSOFT CORP 2588173 404.27 5,855 2,367,000.85
5.77 AAPL APPLE INC 2046251 167.04 11,435 1,910,102.40
4.97 NVDA NVIDIA CORP 2379504 846.71 1,943 1,645,157.53
3.90 AMZN AMAZON.COM INC 2000019 179.22 7,201 1,290,563.22
2.62 META META PLATFORMS INC B7TL820 501.80 1,730 868,114.00
2.18 GOOGL ALPHABET INC-CL A BYVY8G0 156.01 4,633 722,794.33
1.85 GOOG ALPHABET INC-CL C BYY88Y7 157.46 3,887 612,047.02
1.72 BRK/B BERKSHIRE HATH-B 2073390 399.89 1,428 571,042.92
1.42 LLY ELI LILLY & CO 2516152 745.95 628 468,456.60
1.32 AVGO BROADCOM INC BDZ78H9 1,258.99 346 435,610.54
1.24 JPM JPMORGAN CHASE & CO 2190385 181.25 2,269 411,256.25
1.12 XOM EXXON MOBIL CORP 2326618 118.52 3,116 369,308.32
1.08 UNH UNITEDHEALTH GROUP INC 2917766 493.18 725 357,555.50
1.02 V VISA INC-CLASS A SHARES B2PZN04 271.37 1,240 336,498.80
0.99 TSLA TESLA INC B616C79 149.93 2,185 327,597.05
0.89 MA MASTERCARD INC - A B121557 454.70 648 294,645.60
0.88 PG PROCTER & GAMBLE CO/THE 2704407 157.29 1,847 290,514.63
0.83 JNJ JOHNSON & JOHNSON 2475833 145.74 1,888 275,157.12
0.78 HD HOME DEPOT INC 2434209 332.89 778 258,988.42
0.76 MRK MERCK & CO. INC. 2778844 125.23 1,998 250,209.54
0.75 COST COSTCO WHOLESALE CORP 2701271 711.25 348 247,515.00
0.69 ABBV ABBVIE INC B92SR70 164.66 1,383 227,724.78
0.65 CVX CHEVRON CORP 2838555 157.57 1,358 213,980.06
0.63 NFLX NETFLIX INC 2857817 610.56 339 206,979.84
0.62 CRM SALESFORCE INC 2310525 271.92 756 205,571.52
0.61 WMT WALMART INC 2936921 59.26 3,386 200,654.36
0.59 AMD ADVANCED MICRO DEVICES 2007849 155.08 1,264 196,021.12
0.59 BAC BANK OF AMERICA CORP 2295677 35.77 5,462 195,375.74
0.57 PEP PEPSICO INC 2681511 172.27 1,089 187,602.03
0.55 KO COCA-COLA CO/THE 2206657 58.91 3,092 182,149.72
0.52 LIN LINDE PLC BNZHB81 446.43 383 170,982.69
0.50 ADBE ADOBE INC 2008154 473.18 353 167,032.54
0.50 WFC WELLS FARGO & CO 2649100 58.74 2,810 165,059.40
0.50 TMO THERMO FISHER 2886907 541.52 303 164,080.56
0.49 DIS WALT DISNEY CO/THE 2270726 112.43 1,448 162,798.64
0.47 ACN ACCENTURE PLC-CL A B4BNMY3 316.00 491 155,156.00
0.47 MCD MCDONALD'S CORP 2550707 270.98 572 155,000.56
0.47 CSCO CISCO SYSTEMS INC 2198163 48.11 3,208 154,336.88
0.44 ORCL ORACLE CORP 2661568 116.00 1,257 145,812.00
0.44 ABT ABBOTT LABORATORIES 2002305 105.27 1,378 145,062.06
0.43 CAT CATERPILLAR INC 2180201 356.63 401 143,008.63
0.43 QCOM QUALCOMM INC 2714923 161.44 882 142,390.08
0.40 VZ VERIZON COMMUNIC 2090571 40.13 3,331 133,673.03
0.40 INTU INTUIT INC 2459020 608.38 219 133,235.22
0.40 GE GE AEROSPACE BL59CR9 152.94 863 131,987.22
0.40 IBM IBM 2005973 181.47 722 131,021.34
0.38 AMAT APPLIED MATERIALS INC 2046552 194.32 650 126,308.00
0.37 DHR DANAHER CORP 2250870 236.36 521 123,143.56
0.37 CMCSA COMCAST CORP-CLASS A 2044545 39.62 3,090 122,425.80
0.36 COP CONOCOPHILLIPS 2685717 127.81 935 119,502.35
0.36 NOW SERVICENOW INC B80NXX8 731.36 163 119,211.68
0.36 TXN TEXAS INSTRUMENTS INC 2885409 163.67 718 117,515.06
0.35 INTC INTEL CORP 2463247 35.04 3,341 117,068.64
0.35 UBER UBER TECHNOLOGIES INC BK6N347 71.30 1,627 116,005.10
0.34 PFE PFIZER INC 2684703 25.39 4,472 113,544.08
0.34 PM PHILIP MORRIS IN B2PKRQ3 91.20 1,228 111,993.60
0.34 UNP UNION PACIFIC CORP 2914734 229.81 485 111,457.85
0.33 AMGN AMGEN INC 2023607 262.75 419 110,092.25
0.32 LOW LOWE'S COS INC 2536763 228.79 461 105,472.19
0.32 ISRG INTUITIVE SURGICAL INC 2871301 372.63 283 105,454.29
0.31 RTX RTX CORPORATION BM5M5Y3 100.71 1,031 103,832.01
0.31 SPGI S&P GLOBAL INC BYV2325 413.37 251 103,755.87
0.31 NEE NEXTERA ENERGY INC 2328915 64.01 1,618 103,568.18
0.31 GS GOLDMAN SACHS GROUP INC 2407966 403.11 253 101,986.83
0.30 HON HONEYWELL INTL 2020459 191.08 522 99,743.76
0.30 ETN EATON CORP PLC B8KQN82 308.94 318 98,242.92
0.30 PGR PROGRESSIVE CORP 2705024 209.75 466 97,743.50
0.29 ELV ELEVANCE HEALTH INC BSPHGL4 525.19 185 97,160.15
0.29 AXP AMERICAN EXPRESS CO 2026082 217.50 446 97,005.00
0.29 MU MICRON TECHNOLOGY INC 2588184 111.93 866 96,931.38
0.29 BKNG BOOKING HOLDINGS INC BDRXDB4 3,430.14 28 96,043.92
0.28 NKE NIKE INC -CL B 2640147 95.74 968 92,676.32
0.28 LRCX LAM RESEARCH CORP 2502247 888.92 104 92,447.68
0.28 T AT&T INC 2831811 16.33 5,654 92,329.82
0.27 MS MORGAN STANLEY 2262314 90.26 1,001 90,350.26
0.27 SYK STRYKER CORP 2853688 327.45 272 89,066.40
0.27 C CITIGROUP INC 2297907 58.32 1,515 88,354.80
0.26 SCHW SCHWAB (CHARLES) CORP 2779397 72.93 1,177 85,838.61
0.25 TJX TJX COMPANIES INC 2989301 92.66 902 83,579.32
0.25 MDT MEDTRONIC PLC BTN1Y11 79.19 1,051 83,228.69
0.25 BLK BLACKROCK INC 2494504 747.30 110 82,203.00
0.25 UPS UNITED PARCEL-B 2517382 142.74 568 81,076.32
0.24 DE DEERE & CO 2261203 400.60 201 80,520.60
0.24 CB CHUBB LTD B3BQMF6 245.39 324 79,506.36
0.24 VRTX VERTEX PHARM 2931034 393.48 202 79,482.96
0.24 CI THE CIGNA GROUP BHJ0775 348.78 227 79,173.06
0.24 ADP AUTOMATIC DATA PROCESSING 2065308 241.99 326 78,888.74
0.24 SBUX STARBUCKS CORP 2842255 87.15 900 78,435.00
0.24 BSX BOSTON SCIENTIFIC CORP 2113434 67.42 1,159 78,139.78
0.24 MMC MARSH & MCLENNAN COS 2567741 201.73 387 78,069.51
0.23 BMY BRISTOL-MYERS SQUIBB CO 2126335 48.30 1,604 77,473.20
0.23 BA BOEING CO/THE 2108601 170.23 454 77,284.42
0.23 REGN REGENERON PHARMACEUTICALS 2730190 893.99 86 76,883.14
0.23 PLD PROLOGIS INC B44WZD7 104.69 729 76,319.01
0.23 LMT LOCKHEED MARTIN CORP 2522096 456.09 167 76,167.03
0.22 MDLZ MONDELEZ INTER-A B8CKK03 67.17 1,072 72,006.24
0.22 ADI ANALOG DEVICES INC 2032067 187.58 382 71,655.56
0.21 FI FISERV INC 2342034 146.91 476 69,929.16
0.21 KLAC KLA CORP 2480138 644.22 107 68,931.54
0.21 PANW PALO ALTO NETWORKS INC B87ZMX0 281.14 241 67,754.74
0.20 BX BLACKSTONE INC BKF2SL7 120.32 558 67,138.56
0.20 CVS CVS HEALTH CORP 2577609 68.73 976 67,075.60
0.20 GILD GILEAD SCIENCES INC 2369174 66.16 986 65,233.76
0.20 TMUS T-MOBILE US INC B94Q9V0 160.85 405 65,144.25
0.19 CMG CHIPOTLE MEXICAN B0X7DZ3 2,907.97 22 63,975.34
0.19 SNPS SYNOPSYS INC 2867719 519.71 123 63,924.33
0.19 AMT AMERICAN TOWER CORP B7FBFL2 171.00 366 62,586.00
0.18 EOG EOG RESOURCES INC 2318024 131.76 462 60,873.12
0.18 CDNS CADENCE DESIGN SYS INC 2302232 285.90 212 60,610.80
0.18 SO SOUTHERN CO/THE 2829601 70.57 858 60,549.06
0.18 TGT TARGET CORP 2259101 166.58 362 60,301.96
0.18 CME CME GROUP INC 2965839 209.65 287 60,169.55
0.18 WM WASTE MANAGEMENT INC 2937667 205.07 292 59,880.44
0.18 ICE INTERCONTINENTAL BFSSDS9 130.98 455 59,595.90
0.18 DUK DUKE ENERGY CORP B7VD3F2 95.93 606 58,133.58
0.17 MO ALTRIA GROUP INC 2692632 41.30 1,390 57,407.00
0.17 SLB SCHLUMBERGER LTD 2779201 50.94 1,123 57,205.62
0.17 PH PARKER HANNIFIN CORP 2671501 538.09 106 57,037.54
0.17 SHW SHERWIN-WILLIAMS CO/THE 2804211 309.38 184 56,925.92
0.17 FCX FREEPORT-MCMORAN INC 2352118 50.16 1,123 56,329.68
0.17 EQIX EQUINIX INC BVLZX12 739.85 76 56,228.60
0.17 CL COLGATE-PALMOLIVE CO 2209106 86.21 650 56,036.50
0.17 MPC MARATHON PETROLEUM CORP B3K3L40 195.02 285 55,580.70
0.17 ZTS ZOETIS INC B95WG16 153.11 361 55,272.71
0.17 ABNB AIRBNB INC-CLASS A BMGYYH4 160.10 342 54,754.20
0.16 CSX CSX CORP 2160753 34.39 1,554 53,442.06
0.16 MCK MCKESSON CORP 2378534 518.81 103 53,437.43
0.16 ITW ILLINOIS TOOL WORKS 2457552 248.83 213 53,000.79
0.16 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,101.06 48 52,850.88
0.16 PYPL PAYPAL HOLDINGS INC BYW36M8 62.10 847 52,598.70
0.16 APH AMPHENOL CORP-CL A 2145084 110.88 473 52,446.24
0.16 TT TRANE TECHNOLOGIES PLC BK9ZQ96 289.56 181 52,410.36
0.16 NOC NORTHROP GRUMMAN CORP 2648806 452.50 115 52,037.50
0.16 BDX BECTON DICKINSON AND CO 2087807 233.15 220 51,293.00
0.15 ANET ARISTA NETWORKS INC BN33VM5 257.19 198 50,923.62
0.15 PSX PHILLIPS 66 B78C4Y8 153.31 331 50,745.61
0.15 GD GENERAL DYNAMICS CORP 2365161 285.27 177 50,492.79
0.15 TDG TRANSDIGM GROUP INC B11FJK3 1,213.50 41 49,753.50
0.15 EMR EMERSON ELECTRIC CO 2313405 109.31 452 49,408.12
0.15 AON AON PLC-CLASS A BLP1HW5 308.70 158 48,774.60
0.15 USB US BANCORP 2736035 39.44 1,221 48,156.24
0.15 PNC PNC FINANCIAL SE 2692665 147.89 324 47,916.36
0.14 PXD PIONEER NATURAL 2690830 267.97 178 47,698.66
0.14 FDX FEDEX CORP 2142784 263.37 181 47,669.97
0.14 HCA HCA HEALTHCARE INC B4MGBG6 297.00 160 47,520.00
0.14 MCO MOODY'S CORP 2252058 374.60 126 47,199.60
0.14 MAR MARRIOTT INTL-A 2210614 236.30 194 45,842.20
0.14 PCAR PACCAR INC 2665861 113.76 399 45,390.24
0.14 VLO VALERO ENERGY CORP 2041364 162.49 279 45,334.71
0.14 CEG CONSTELLATION ENERGY BMH4FS1 183.86 244 44,861.84
0.13 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 339.46 128 43,450.88
0.13 NXPI NXP SEMICONDUCTORS NV B505PN7 219.35 197 43,211.95
0.13 ECL ECOLAB INC 2304227 219.21 197 43,184.37
0.13 COF CAPITAL ONE FINA 2654461 141.63 301 42,630.63
0.13 NSC NORFOLK SOUTHERN CORP 2641894 240.27 177 42,527.79
0.13 CTAS CINTAS CORP 2197137 662.44 64 42,396.16
0.13 AZO AUTOZONE INC 2065955 2,973.17 14 41,624.38
0.13 EW EDWARDS LIFESCIENCES CORP 2567116 86.45 477 41,236.65
0.12 ROP ROPER TECHNOLOGIES INC 2749602 527.27 78 41,127.06
0.12 DXCM DEXCOM INC B0796X4 134.30 304 40,827.20
0.12 APD AIR PRODS & CHEM 2011602 233.02 174 40,545.48
0.12 AIG AMERICAN INTERNA 2027342 72.99 550 40,144.50
0.12 AJG ARTHUR J GALLAGHER & CO 2359506 233.99 169 39,544.31
0.12 MMM 3M CO 2595708 91.48 432 39,519.36
0.12 WELL WELLTOWER INC BYVYHH4 90.81 433 39,320.73
0.12 HLT HILTON WORLDWIDE BYVMW06 198.82 191 37,974.62
0.11 F FORD MOTOR CO 2615468 12.06 3,125 37,687.50
0.11 TRV TRAVELERS COS INC/THE 2769503 210.42 178 37,454.76
0.11 GM GENERAL MOTORS CO B665KZ5 42.44 876 37,177.44
0.11 NEM NEWMONT CORP 2636607 38.55 950 36,622.50
0.11 ALL ALLSTATE CORP 2019952 169.11 215 36,358.65
0.11 NUE NUCOR CORP 2651086 190.77 190 36,246.30
0.11 CPRT COPART INC 2208073 53.20 681 36,229.20
0.11 TFC TRUIST FINANCIAL CORP BKP7287 35.71 1,013 36,174.23
0.11 JCI JOHNSON CONTROLS BY7QL61 63.77 562 35,838.74
0.11 ROST ROSS STORES INC 2746711 131.80 270 35,586.00
0.11 ADSK AUTODESK INC 2065159 210.63 168 35,385.84
0.11 MCHP MICROCHIP TECHNOLOGY INC 2592174 84.21 417 35,115.57
0.11 SPG SIMON PROPERTY GROUP INC 2812452 140.37 250 35,092.50
0.10 OKE ONEOK INC 2130109 77.88 444 34,578.72
0.10 WMB WILLIAMS COS INC 2967181 37.58 920 34,573.60
0.10 PSA PUBLIC STORAGE 2852533 260.28 132 34,356.96
0.10 MET METLIFE INC 2573209 69.95 491 34,345.45
0.10 HES HESS CORP 2023748 151.78 226 34,302.28
0.10 AFL AFLAC INC 2026361 80.98 420 34,011.60
0.10 CARR CARRIER GLOBAL CORP BK4N0D7 53.38 636 33,949.68
0.10 O REALTY INCOME CORP 2724193 52.03 652 33,923.56
0.10 KMB KIMBERLY-CLARK CORP 2491839 125.61 268 33,663.48
0.10 AEP AMERICAN ELECTRIC POWER 2026242 82.56 405 33,436.80
0.10 TEL TE CONNECTIVITY LTD B62B7C3 140.48 238 33,434.24
0.10 SMCI SUPER MICRO COMPUTER INC B1VQR35 928.48 36 33,425.28
0.10 AMP AMERIPRISE FINANCIAL INC B0J7D57 412.63 81 33,423.03
0.10 DHI DR HORTON INC 2250687 145.88 229 33,406.52
0.10 STZ CONSTELLATION-A 2170473 258.68 129 33,369.72
0.10 CMI CUMMINS INC 2240202 291.42 114 33,221.88
0.10 DLR DIGITAL REALTY TRUST INC B03GQS4 136.66 243 33,208.38
0.10 BK BANK NY MELLON B1Z77F6 55.25 599 33,094.75
0.10 LULU LULULEMON ATHLETICA INC B23FN39 347.51 95 33,013.45
0.10 IQV IQVIA HOLDINGS INC BDR73G1 227.17 145 32,939.65
0.10 OXY OCCIDENTAL PETROLEUM CORP 2655408 66.04 497 32,821.88
0.10 HUM HUMANA INC 2445063 324.83 101 32,807.83
0.10 SRE SEMPRA 2138158 68.44 478 32,714.32
0.10 DOW DOW INC BHXCF84 56.49 577 32,594.73
0.10 URI UNITED RENTALS INC 2134781 632.88 51 32,276.88
0.10 AME AMETEK INC 2089212 177.27 179 31,731.33
0.10 D DOMINION ENERGY INC 2542049 48.57 652 31,667.64
0.10 A AGILENT TECHNOLOGIES INC 2520153 132.44 239 31,653.16
0.10 YUM YUM! BRANDS INC 2098876 137.87 229 31,572.23
0.10 FIS FIDELITY NATIONA 2769796 70.00 449 31,430.00
0.10 COR CENCORA INC 2795393 237.30 132 31,323.60
0.09 CCI CROWN CASTLE INC BTGQCX1 94.37 329 31,047.73
0.09 GWW WW GRAINGER INC 2380863 937.54 33 30,938.82
0.09 FTNT FORTINET INC B5B2106 64.03 483 30,926.49
0.09 MNST MONSTER BEVERAGE CORP BZ07BW4 53.46 571 30,525.66
0.09 KR KROGER CO 2497406 55.57 548 30,452.36
0.09 CNC CENTENE CORP 2807061 73.75 411 30,311.25
0.09 PRU PRUDENTIAL FINANCIAL INC 2819118 108.70 274 29,783.80
0.09 GIS GENERAL MILLS INC 2367026 69.09 430 29,708.70
0.09 CTVA CORTEVA INC BK73B42 53.96 545 29,408.20
0.09 FAST FASTENAL CO 2332262 67.50 435 29,362.50
0.09 PCG P G & E CORP 2689560 16.54 1,773 29,325.42
0.09 OTIS OTIS WORLDWIDE CORP BK531S8 95.49 307 29,315.43
0.09 IDXX IDEXX LABORATORIES INC 2459202 477.79 61 29,145.19
0.09 LEN LENNAR CORP-A 2511920 152.49 191 29,125.59
0.09 RSG REPUBLIC SERVICES INC 2262530 188.97 154 29,101.38
0.09 LHX L3HARRIS TECHNOLOGIES INC BK9DTN5 202.08 144 29,099.52
0.09 ODFL OLD DOMINION FREIGHT LINE 2656423 207.82 140 29,094.80
0.09 PAYX PAYCHEX INC 2674458 117.79 245 28,858.55
0.09 PWR QUANTA SERVICES INC 2150204 245.68 116 28,498.88
0.09 SYY SYSCO CORP 2868165 75.64 375 28,365.00
0.09 MSCI MSCI INC B2972D2 505.76 56 28,322.56
0.09 EXC EXELON CORP 2670519 36.68 771 28,280.28
0.09 IR INGERSOLL-RAND INC BL5GZ82 88.97 316 28,114.52
0.09 GEV GE VERNOVA INC BP6H4Y1 137.22 204 27,992.88
0.08 EL ESTEE LAUDER 2320524 144.81 193 27,948.33
0.08 FANG DIAMONDBACK ENERGY INC B7Y8YR3 199.60 140 27,944.00
0.08 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 84.97 328 27,870.16
0.08 VMC VULCAN MATERIALS CO 2931205 255.07 107 27,292.49
0.08 KMI KINDER MORGAN INC B3NQ4P8 18.21 1,498 27,278.58
0.08 MLM MARTIN MARIETTA MATERIALS 2572079 587.13 46 27,007.98
0.08 PEG PUB SERV ENTERP 2707677 65.10 412 26,821.20
0.08 CSGP COSTAR GROUP INC 2262864 84.18 318 26,769.24
0.08 ACGL ARCH CAPITAL GROUP LTD 2740542 91.39 292 26,685.88
0.08 PPG PPG INDUSTRIES INC 2698470 135.11 196 26,481.56
0.08 KVUE KENVUE INC BQ84ZQ6 19.58 1,335 26,139.30
0.08 MRNA MODERNA INC BGSXTS3 102.00 256 26,112.00
0.08 ADM ARCHER-DANIELS-MIDLAND CO 2047317 61.72 420 25,922.40
0.08 VRSK VERISK ANALYTICS INC B4P9W92 223.33 116 25,906.28
0.08 GPN GLOBAL PAYMENTS INC 2712013 122.18 212 25,902.16
0.08 HAL HALLIBURTON CO 2405302 38.65 666 25,740.90
0.08 CTSH COGNIZANT TECH-A 2257019 67.13 383 25,710.79
0.08 DAL DELTA AIR LINES INC B1W9D46 47.85 534 25,551.90
0.08 CDW CDW CORP/DE BBM5MD6 235.70 108 25,455.60
0.08 EA ELECTRONIC ARTS INC 2310194 125.63 201 25,251.63
0.08 IT GARTNER INC 2372763 449.61 56 25,178.16
0.08 XYL XYLEM INC B3P2CN8 127.16 198 25,177.68
0.08 BKR BAKER HUGHES CO BDHLTQ5 32.20 780 25,116.00
0.08 RCL ROYAL CARIBBEAN 2754907 127.64 194 24,762.16
0.07 ED CONSOLIDATED EDISON INC 2216850 90.90 271 24,633.90
0.07 DVN DEVON ENERGY CORP 2480677 51.43 478 24,583.54
0.07 KDP KEURIG DR PEPPER INC BD3W133 31.13 782 24,343.66
0.07 DD DUPONT DE NEMOURS INC BK0VN47 73.53 330 24,264.90
0.07 HIG HARTFORD FINL SV 2476193 96.95 249 24,140.55
0.07 ROK ROCKWELL AUTOMATION INC 2754060 273.50 88 24,068.00
0.07 DG DOLLAR GENERAL CORP B5B1S13 145.68 164 23,891.52
0.07 VICI VICI PROPERTIES INC BYWH073 27.52 862 23,722.24
0.07 EXR EXTRA SPACE STORAGE INC B02HWR9 134.20 176 23,619.20
0.07 NVR NVR INC 2637785 7,702.26 3 23,106.78
0.07 XEL XCEL ENERGY INC 2614807 53.76 427 22,955.52
0.07 DFS DISCOVER FINANCI B1YLC43 124.27 184 22,865.68
0.07 BIIB BIOGEN INC 2455965 190.52 120 22,862.40
0.07 FTV FORTIVE CORP BYT3MK1 80.18 275 22,049.50
0.07 KHC KRAFT HEINZ CO/THE BYRY499 37.11 592 21,969.12
0.07 EIX EDISON INTERNATIONAL 2829515 68.13 322 21,937.86
0.07 WAB WABTEC CORP 2955733 144.27 152 21,929.04
0.07 EFX EQUIFAX INC 2319146 217.51 100 21,751.00
0.07 TSCO TRACTOR SUPPLY COMPANY 2900335 247.35 87 21,519.45
0.06 MPWR MONOLITHIC POWER B01Z7J1 620.31 34 21,090.54
0.06 ON ON SEMICONDUCTOR 2583576 62.93 334 21,018.62
0.06 FICO FAIR ISAAC CORP 2330299 1,162.25 18 20,920.50
0.06 HSY HERSHEY CO/THE 2422806 184.86 113 20,889.18
0.06 CHD CHURCH & DWIGHT CO INC 2195841 103.20 202 20,846.40
0.06 HWM HOWMET AEROSPACE INC BKLJ8V2 63.50 328 20,828.00
0.06 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 99.40 209 20,774.60
0.06 ANSS ANSYS INC 2045623 324.50 64 20,768.00
0.06 ZBH ZIMMER BIOMET HO 2783815 119.33 174 20,763.42
0.06 TRGP TARGA RESOURCES CORP B55PZY3 111.78 185 20,679.30
0.06 KEYS KEYSIGHT TECHNOLOGIES IN BQZJ0Q9 146.89 139 20,417.71
0.06 TROW T ROWE PRICE GROUP INC 2702337 108.72 184 20,004.48
0.06 HPQ HP INC BYX4D52 27.62 721 19,914.02
0.06 GLW CORNING INC 2224701 30.91 643 19,875.13
0.06 WTW WILLIS TOWERS WATSON PLC BDB6Q21 262.99 75 19,724.25
0.06 RMD RESMED INC 2732903 177.61 111 19,714.71
0.06 WST WEST PHARMACEUT 2950482 377.33 52 19,621.16
0.06 CHTR CHARTER COMMUN-A BZ6VT82 259.91 75 19,493.25
0.06 DLTR DOLLAR TREE INC 2272476 122.23 159 19,434.57
0.06 AVB AVALONBAY COMMUNITIES INC 2131179 182.02 106 19,294.12
0.06 RJF RAYMOND JAMES 2718992 121.96 158 19,269.68
0.06 AWK AMERICAN WATER W B2R3PV1 117.35 163 19,128.05
0.06 WY WEYERHAEUSER CO 2958936 31.35 610 19,123.50
0.06 MTD METTLER-TOLEDO 2126249 1,192.56 16 19,080.96
0.06 EBAY EBAY INC 2293819 49.95 382 19,080.90
0.06 CAH CARDINAL HEALTH INC 2175672 106.00 180 19,080.00
0.06 WEC WEC ENERGY GROUP INC BYY8XK8 80.44 237 19,064.28
0.06 PHM PULTEGROUP INC 2708841 105.96 179 18,966.84
0.06 WDC WESTERN DIGITAL CORP 2954699 68.32 274 18,719.68
0.06 GRMN GARMIN LTD B3Z5T14 140.72 133 18,715.76
0.06 DOV DOVER CORP 2278407 168.61 111 18,715.71
0.06 CBRE CBRE GROUP INC - A B6WVMH3 85.14 218 18,560.52
0.06 IRM IRON MOUNTAIN INC BVFTF03 74.42 246 18,307.32
0.06 BLDR BUILDERS FIRSTSOURCE INC B0BV2M7 182.28 100 18,228.00
0.06 DTE DTE ENERGY COMPANY 2280220 106.48 171 18,208.08
0.06 HPE HEWLETT PACKA BYVYWS0 17.04 1,066 18,164.64
0.06 ETR ENTERGY CORP 2317087 103.75 175 18,156.25
0.06 STT STATE STREET CORP 2842040 73.04 248 18,113.92
0.06 IFF INTL FLAVORS & FRAGRANCES 2464165 83.60 216 18,057.60
0.05 EQR EQUITY RESIDENTIAL 2319157 60.99 293 17,870.07
0.05 MTB M & T BANK CORP 2340168 139.30 128 17,830.40
0.05 NDAQ NASDAQ INC 2965107 60.07 291 17,480.37
0.05 GPC GENUINE PARTS CO 2367480 160.23 109 17,465.07
0.05 TTWO TAKE-TWO INTERAC 2122117 140.64 124 17,439.36
0.05 SBAC SBA COMMUNICATIONS CORP BZ6TS23 195.95 88 17,243.60
0.05 BR BROADRIDGE FINL B1VP7R6 192.98 89 17,175.22
0.05 FITB FIFTH THIRD BANCORP 2336747 34.22 501 17,144.22
0.05 CTRA COTERRA ENERGY INC 2162340 27.22 619 16,849.18
0.05 HBAN HUNTINGTON BANCSHARES INC 2445966 13.18 1,255 16,540.90
0.05 PPL PPL CORP 2680905 26.62 612 16,291.44
0.05 BAX BAXTER INTERNATIONAL INC 2085102 39.65 410 16,256.50
0.05 INVH INVITATION HOMES INC BD81GW9 33.40 484 16,165.60
0.05 BALL BALL CORP 2073022 64.35 251 16,151.85
0.05 VLTO VERALTO CORP BPGMZQ5 88.80 181 16,072.80
0.05 J JACOBS SOLUTIONS INC BNGC0D3 143.50 112 16,072.00
0.05 ILMN ILLUMINA INC 2613990 116.69 137 15,986.53
0.05 ALGN ALIGN TECHNOLOGY INC 2679204 301.34 53 15,971.02
0.05 APTV APTIV PLC B783TY6 69.32 229 15,874.28
0.05 CINF CINCINNATI FINANCIAL CORP 2196888 117.52 134 15,747.68
0.05 BRO BROWN & BROWN INC 2692687 81.13 194 15,739.22
0.05 ARE ALEXANDRIA REAL 2009210 116.51 135 15,728.85
0.05 HUBB HUBBELL INC BDFG6S3 392.28 40 15,691.20
0.05 FE FIRSTENERGY CORP 2100920 37.63 416 15,654.08
0.05 PTC PTC INC B95N910 175.70 89 15,637.30
0.05 ES EVERSOURCE ENERGY BVVN4Q8 58.99 264 15,573.36
0.05 OTHER PAYABLE & RECEIVABLES 1.00 15,567 15,566.86
0.05 MOH MOLINA HEALTHCARE INC 2212706 360.94 43 15,520.42
0.05 WBD WARNER BROS DISCOVERY INC BM8JYX3 8.31 1,867 15,514.77
0.05 AEE AMEREN CORPORATION 2050832 72.51 212 15,372.12
0.05 CBOE CBOE GLOBAL MARKETS INC B5834C5 177.51 86 15,265.86
0.05 STLD STEEL DYNAMICS INC 2849472 136.07 112 15,239.84
0.05 AXON AXON ENTERPRISE INC BDT5S35 297.59 51 15,177.09
0.05 FSLR FIRST SOLAR INC B1HMF22 174.29 87 15,163.23
0.05 ATO ATMOS ENERGY CORP 2315359 114.57 132 15,123.24
0.05 TXT TEXTRON INC 2885937 92.58 163 15,090.54
0.05 CPAY CORPAY INC BMX5GK7 295.64 51 15,077.64
0.05 STE STERIS PLC BFY8C75 200.81 75 15,060.75
0.05 NTAP NETAPP INC 2630643 100.14 150 15,021.00
0.05 OMC OMNICOM GROUP 2279303 91.50 164 15,006.00
0.05 PFG PRINCIPAL FINANCIAL GROUP 2803014 78.96 190 15,002.40
0.05 MKC MCCORMICK-N/V 2550161 72.70 205 14,903.50
0.05 ULTA ULTA BEAUTY INC B28TS42 425.11 35 14,878.85
0.05 UAL UNITED AIRLINES B4QG225 51.42 289 14,860.38
0.04 CNP CENTERPOINT ENERGY INC 2440637 27.95 525 14,673.75
0.04 DECK DECKERS OUTDOOR CORP 2267278 813.30 18 14,639.40
0.04 COO COOPER COS INC/THE BQPDXR3 90.41 161 14,556.01
0.04 RF REGIONS FINANCIAL CORP B01R311 19.00 758 14,402.00
0.04 CMS CMS ENERGY CORP 2219224 58.48 246 14,386.08
0.04 VTR VENTAS INC 2927925 42.64 334 14,241.76
0.04 NTRS NORTHERN TRUST CORP 2648668 81.41 173 14,083.93
0.04 CLX CLOROX COMPANY 2204026 143.20 98 14,033.60
0.04 TSN TYSON FOODS INC-CL A 2909730 58.87 238 14,011.06
0.04 TDY TELEDYNE TECHNOLOGIES INC 2503477 400.14 35 14,004.90
0.04 SYF SYNCHRONY FINANCIAL BP96PS6 40.80 341 13,912.80
0.04 WRB WR BERKLEY CORP 2093644 80.98 170 13,766.60
0.04 LVS LAS VEGAS SANDS CORP B02T2J7 45.88 300 13,764.00
0.04 DRI DARDEN RESTAURANTS INC 2289874 152.29 89 13,553.81
0.04 WAT WATERS CORP 2937689 294.23 46 13,534.58
0.04 BG BUNGE GLOBAL SA BQ6BPG9 106.51 127 13,526.77
0.04 STX SEAGATE TECHNOLO BKVD2N4 83.44 161 13,433.84
0.04 CFG CITIZENS FINANCIAL GROUP BQRX1X3 32.90 408 13,423.20
0.04 AVY AVERY DENNISON CORP 2066408 209.35 64 13,398.40
0.04 IEX IDEX CORP 2456612 226.10 59 13,339.90
0.04 MRO MARATHON OIL CORP 2910970 27.40 485 13,289.00
0.04 SWKS SKYWORKS SOLUTIONS INC 2961053 97.62 136 13,276.32
0.04 LUV SOUTHWEST AIRLINES CO 2831543 29.06 456 13,251.36
0.04 LDOS LEIDOS HOLDINGS INC BDV82B8 123.76 107 13,242.32
0.04 TER TERADYNE INC 2884183 100.20 132 13,226.40
0.04 MAS MASCO CORP 2570200 72.22 183 13,216.26
0.04 NRG NRG ENERGY INC 2212922 70.52 186 13,116.72
0.04 AKAM AKAMAI TECHNOLOGIES INC 2507457 100.73 130 13,094.90
0.04 MAA MID-AMERICA APAR 2589132 124.62 105 13,085.10
0.04 LH LABORATORY CP 2586122 199.45 65 12,964.25
0.04 JBL JABIL INC 2471789 129.59 100 12,959.00
0.04 BBY BEST BUY CO INC 2094670 76.00 168 12,768.00
0.04 CF CF INDUSTRIES HO B0G4K50 79.59 159 12,654.81
0.04 VRSN VERISIGN INC 2142922 182.96 69 12,624.24
0.04 HOLX HOLOGIC INC 2433530 75.10 167 12,541.70
0.04 CE CELANESE CORP B05MZT4 154.62 81 12,524.22
0.04 TYL TYLER TECHNOLOGIES INC 2909644 402.95 31 12,491.45
0.04 EQT EQT CORP 2319414 36.22 341 12,351.02
0.04 DGX QUEST DIAGNOSTICS INC 2702791 125.91 97 12,213.27
0.04 EXPE EXPEDIA GROUP INC B748CK2 128.30 95 12,188.50
0.04 SWK STANLEY BLACK & B3Q2FJ4 89.32 135 12,058.20
0.04 EXPD EXPEDITORS INTL WASH INC 2325507 114.76 105 12,049.80
0.04 FDS FACTSET RESEARCH 2329770 429.46 28 12,024.88
0.04 CAG CONAGRA BRANDS INC 2215460 30.36 393 11,931.48
0.04 CCL CARNIVAL CORP 2523044 14.18 835 11,840.30
0.04 K KELLANOVA 2486813 56.54 209 11,816.86
0.04 ESS ESSEX PROPERTY TRUST INC 2316619 233.97 50 11,698.50
0.04 PKG PACKAGING CORP OF AMERICA 2504566 178.25 65 11,586.25
0.04 TRMB TRIMBLE INC 2903958 57.86 200 11,572.00
0.04 DPZ DOMINO'S PIZZA INC B01SD70 481.66 24 11,559.84
0.04 EG EVEREST GROUP LTD 2556868 360.21 32 11,526.72
0.04 ENPH ENPHASE ENERGY INC B65SQW4 109.17 105 11,462.85
0.04 L LOEWS CORP 2523022 73.84 155 11,445.20
0.03 AMCR AMCOR PLC BJ1F307 8.90 1,254 11,160.60
0.03 EPAM EPAM SYSTEMS INC B44Z3T8 247.22 45 11,124.90
0.03 KEY KEYCORP 2490911 14.38 772 11,101.36
0.03 VTRS VIATRIS INC BMWS3X9 11.12 993 11,042.16
0.03 RVTY REVVITY INC 2305844 99.38 110 10,931.80
0.03 PNR PENTAIR PLC BLS09M3 78.48 139 10,908.72
0.03 HST HOST HOTELS & RESORTS INC 2567503 18.59 571 10,614.89
0.03 LKQ LKQ CORP 2971029 48.58 218 10,590.44
0.03 ALB ALBEMARLE CORP 2046853 111.80 94 10,509.20
0.03 EMN EASTMAN CHEMICAL CO 2298386 96.02 108 10,370.16
0.03 WBA WALGREENS BOOTS BTN1Y44 17.59 585 10,290.15
0.03 IP INTERNATIONAL PAPER CO 2465254 35.26 290 10,225.40
0.03 KIM KIMCO REALTY CORP 2491594 17.74 566 10,040.84
0.03 DOC HEALTHPEAK PROPERTIES INC BJBLRK3 18.01 555 9,995.55
0.03 TAP MOLSON COORS-B B067BM3 63.88 156 9,965.28
0.03 LNT ALLIANT ENERGY CORP 2973821 48.84 204 9,963.36
0.03 WRK WESTROCK CO BYR0914 47.57 209 9,942.13
0.03 JBHT HUNT (JB) TRANS 2445416 164.20 60 9,852.00
0.03 ZBRA ZEBRA TECH CORP 2989356 273.03 36 9,829.08
0.03 POOL POOL CORP 2781585 362.91 27 9,798.57
0.03 AOS SMITH (A.O.) CORP 2816023 86.69 112 9,709.28
0.03 GEN GEN DIGITAL INC BJN4XN5 20.38 475 9,680.50
0.03 IPG INTERPUBLIC GRP 2466321 30.39 318 9,664.02
0.03 KMX CARMAX INC 2983563 67.91 142 9,643.22
0.03 EVRG EVERGY INC BFMXGR0 50.96 189 9,631.44
0.03 SJM JM SMUCKER CO/THE 2951452 111.10 86 9,554.60
0.03 NI NISOURCE INC 2645409 27.40 345 9,453.00
0.03 SNA SNAP-ON INC 2818740 261.76 36 9,423.36
0.03 MGM MGM RESORTS INTERNATIONAL 2547419 42.04 222 9,332.88
0.03 JNPR JUNIPER NETWORKS INC 2431846 36.16 258 9,329.28
0.03 NDSN NORDSON CORP 2641838 259.12 36 9,328.32
0.03 LYV LIVE NATION ENTE B0T7YX2 89.64 101 9,053.64
0.03 BBWI BATH & BODY WORKS INC BNNTGJ5 43.86 206 9,035.16
0.03 TECH BIO-TECHNE CORP BSHZ3Q0 62.21 143 8,896.03
0.03 PODD INSULET CORP B1XGNW4 164.73 54 8,895.42
0.03 AES AES CORP 2002479 16.27 539 8,769.53
0.03 ROL ROLLINS INC 2747305 42.44 206 8,742.64
0.03 UDR UDR INC 2727910 35.78 244 8,730.32
0.03 JKHY JACK HENRY 2469193 164.77 52 8,568.04
0.03 HSIC HENRY SCHEIN INC 2416962 69.97 120 8,396.40
0.03 DAY DAYFORCE INC BFX1V56 60.95 137 8,350.15
0.03 NWSA NEWS CORP - CLASS A BBGVT40 24.03 347 8,338.41
0.03 CTLT CATALENT INC BP96PQ4 55.80 149 8,314.20
0.03 CPT CAMDEN PROPERTY TRUST 2166320 95.29 87 8,290.23
0.03 LW LAMB WESTON HOLDINGS INC BDQZFJ3 80.29 103 8,269.87
0.03 MOS MOSAIC CO/THE B3NPHP6 30.47 269 8,196.43
0.03 INCY INCYTE CORP 2471950 52.82 154 8,134.28
0.02 HRL HORMEL FOODS CORP 2437264 34.38 234 8,044.92
0.02 APA APA CORP BNNF1C1 32.18 248 7,980.64
0.02 CHRW CH ROBINSON 2116228 69.87 113 7,895.31
0.02 QRVO QORVO INC BR9YYP4 107.84 73 7,872.32
0.02 REG REGENCY CENTERS CORP 2726177 57.76 136 7,855.36
0.02 CRL CHARLES RIVER LA 2604336 227.55 34 7,736.70
0.02 AAL AMERICAN AIRLINE BCV7KT2 14.02 544 7,626.88
0.02 BF/B BROWN-FORMAN CORP-CLASS B 2146838 48.98 155 7,591.90
0.02 PNW PINNACLE WEST CAPITAL 2048804 72.97 103 7,515.91
0.02 TPR TAPESTRY INC BF09HX3 40.50 183 7,411.50
0.02 BXP BOSTON PROPERTIES INC 2019479 58.69 126 7,394.94
0.02 CZR CAESARS ENTERTAINMENT INC BMWWGB0 37.98 194 7,368.12
0.02 FFIV F5 INC 2427599 179.59 41 7,363.19
0.02 WYNN WYNN RESORTS LTD 2963811 96.10 76 7,303.60
0.02 ETSY ETSY INC BWTN5N1 67.34 108 7,272.72
0.02 HII HUNTINGTON INGAL B40SSC9 268.84 27 7,258.68
0.02 MTCH MATCH GROUP INC BK80XH9 32.22 225 7,249.50
0.02 ALLE ALLEGION PLC BFRT3W7 124.84 57 7,115.88
0.02 UHS UNIVERSAL HLTH-B 2923785 153.65 46 7,067.90
0.02 PAYC PAYCOM SOFTWARE INC BL95MY0 184.87 38 7,025.06
0.02 CPB CAMPBELL SOUP CO 2162845 43.71 157 6,862.47
0.02 TFX TELEFLEX INC 2881407 207.38 32 6,636.16
0.02 FMC FMC CORP 2328603 56.94 115 6,548.10
0.02 SOLV SOLVENTUM CORP BMTQB43 64.03 100 6,403.00
0.02 HAS HASBRO INC 2414580 54.94 116 6,373.04
0.02 BEN FRANKLIN RESOURCES INC 2350684 25.02 251 6,280.02
0.02 FOXA FOX CORP - CLASS A BJJMGL2 30.77 202 6,215.54
0.02 BWA BORGWARNER INC 2111955 32.11 193 6,197.23
0.02 NCLH NORWEGIAN CRUISE B9CGTC3 18.17 339 6,159.63
0.02 RHI ROBERT HALF INC 2110703 69.56 88 6,121.28
0.02 AIZ ASSURANT INC 2331430 170.89 35 5,981.15
0.02 MKTX MARKETAXESS HOLDINGS INC B03Q9D0 203.15 29 5,891.35
0.02 GNRC GENERAC HOLDINGS INC B6197Q2 133.47 43 5,739.21
0.02 CMA COMERICA INC 2212870 50.66 113 5,724.58
0.02 IVZ INVESCO LTD B28XP76 15.27 359 5,481.93
0.02 DVA DAVITA INC 2898087 126.11 43 5,422.73
0.02 FRT FEDERAL REALTY INVS TRUST BN7P9B2 98.53 50 4,926.50
0.02 RL RALPH LAUREN CORP B4V9661 157.33 31 4,877.23
0.01 BIO BIO-RAD LABORATORIES-A 2098508 281.02 16 4,496.32
0.01 MHK MOHAWK INDUSTRIES INC 2598699 108.08 41 4,431.28
0.01 PARA PARAMOUNT GLOBAL-CLASS B BKTNTR9 10.97 362 3,971.14
0.01 GL GLOBE LIFE INC BK6YKG1 65.00 58 3,770.00
0.01 FOX FOX CORP - CLASS B BJJMGY5 28.29 103 2,913.87
0.01 NWS NEWS CORP - CLASS B BBGVT51 24.81 95 2,356.95
0.01 SPX US 04/19/24 P4875 27.50 66 1,815.00
0.00 SPX US 04/19/24 C5135 17.50 -66 -1,155.00
-0.02 CASH 1.00 -5,498 -5,498.04
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 04/18/24

Return on Equity 19.90%
Weighted Avg. Market Cap 856,005 M
2023 2024
Price-to-earnings 23.13 20.80
Price-to-book value 4.45 3.87

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 03/31/24

Versus Beta
S&P 500 0.34
NASDAQ-100 0.26
MSCI EAFE 0.31
MSCI Emg. Mkts 0.22
Standard Deviation 7.20%

Source: new windowAltaVista Research, LLC

ETF Research

Risk Management Strategies for a Volatile Market Environment

Read the Full ArticleRead More

Understanding the Income Landscape for Options Strategies

Read the Full ArticleRead More

ETF Documents

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

XRMI 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. XRMI writes covered call index options on the and purchases put options on S&P 500 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 S&P 500 Index if the put options become in the money (S&P 500 closes below the strike price as of the expiration date); but during periods where the S&P 500 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.

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 S&P or Cboe, nor do these entities 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 these entities.