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 04/29/24

Inception Date 08/25/21
Total Expense Ratio 0.61%
Net Assets $13.15 million
NAV $16.86
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 04/29/24

Ticker QRMI
Bloomberg Index Ticker NQRMII
CUSIP 37960A503
ISIN US37960A5039
Primary Exchange Nasdaq
Shares Outstanding 780,000
Number of Holdings 105
30-Day Median Bid-Ask Spread 0.30%

Distributions As of 04/29/24

30-Day SEC Yield 0.26%
12-Month Trailing Yield 13.12%
Distribution Yield 12.06%
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 04/29/24

NAV $16.86 Daily Change $0.03 0.18%
Market Price $16.86 Daily Change $0.00 0.00%

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 8.80% 8.93% 9.57%
Since Inception -2.55% -2.47% -2.42%
1 Year 8.80% 8.93% 9.57%
Since Inception -2.55% -2.47% -2.42%
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 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%

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 04/29/24

Nasdaq 100 Price 17,782.70 Nasdaq 100 Mini Price 3,556.54

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short NASDAQ 100 Reduced Value Call Option -$2,845,234 3400 0.00% 05/17/2024 18
Short NASDAQ Call Option -$10,669,629 17250 0.00% 05/17/2024 18

Downside Floor Details

Option Positions Notional Exposure Strike Downside Before Floor Expiration Date Calendar Days to Expiry
Long NASDAQ 100 Reduced Value Put Option $2,845,234 3270 -8.06% 05/17/2024 18
Long NASDAQ Put Option $10,669,629 16375 -7.92% 05/17/2024 18

Top Holdings As of 04/29/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
8.93 MSFT MICROSOFT CORP 2588173 402.25 2,919 1,174,167.75
8.01 AAPL APPLE INC 2046251 173.50 6,069 1,052,971.50
6.56 NVDA NVIDIA CORP 2379504 877.57 983 862,651.31
5.62 AMZN AMAZON.COM INC 2000019 180.96 4,081 738,497.76
4.78 AVGO BROADCOM INC BDZ78H9 1,338.62 470 629,151.40
4.53 META META PLATFORMS INC B7TL820 432.62 1,376 595,285.12
2.93 GOOGL ALPHABET INC-CL A BYVY8G0 166.15 2,316 384,803.40
2.85 GOOG ALPHABET INC-CL C BYY88Y7 167.90 2,229 374,249.10
2.79 TSLA TESLA INC B616C79 194.05 1,893 367,336.65
2.49 COST COSTCO WHOLESALE CORP 2701271 726.33 451 327,574.83
2.00 AMD ADVANCED MICRO DEVICES 2007849 160.20 1,639 262,567.80
1.87 NFLX NETFLIX INC 2857817 559.49 440 246,175.60
1.87 PEP PEPSICO INC 2681511 176.14 1,395 245,715.30
1.65 LIN LINDE PLC BNZHB81 445.07 488 217,194.16
1.65 ADBE ADOBE INC 2008154 473.07 459 217,139.13
1.50 TMUS T-MOBILE US INC B94Q9V0 164.25 1,203 197,592.75
1.49 CSCO CISCO SYSTEMS INC 2198163 47.78 4,108 196,280.24
1.46 QCOM QUALCOMM INC 2714923 169.20 1,133 191,703.60
1.38 INTU INTUIT INC 2459020 638.39 285 181,941.15
1.32 AMAT APPLIED MATERIALS INC 2046552 205.26 843 173,034.18
1.26 TXN TEXAS INSTRUMENTS INC 2885409 179.29 923 165,484.67
1.19 CMCSA COMCAST CORP-CLASS A 2044545 38.85 4,020 156,177.00
1.14 AMGN AMGEN INC 2023607 276.38 544 150,350.72
1.02 INTC INTEL CORP 2463247 31.36 4,288 134,471.68
1.01 ISRG INTUITIVE SURGICAL INC 2871301 374.14 356 133,193.84
0.97 MU MICRON TECHNOLOGY INC 2588184 114.36 1,119 127,968.84
0.97 HON HONEYWELL INTL 2020459 193.77 660 127,888.20
0.94 LRCX LAM RESEARCH CORP 2502247 928.81 133 123,531.73
0.91 BKNG BOOKING HOLDINGS INC BDRXDB4 3,514.80 34 119,503.20
0.79 VRTX VERTEX PHARM 2931034 396.20 261 103,408.20
0.77 ADI ANALOG DEVICES INC 2032067 203.90 498 101,542.20
0.77 ADP AUTOMATIC DATA PROCESSING 2065308 243.95 416 101,483.20
0.77 SBUX STARBUCKS CORP 2842255 88.33 1,148 101,402.84
0.75 MDLZ MONDELEZ INTER-A B8CKK03 71.83 1,366 98,119.78
0.74 KLAC KLA CORP 2480138 713.93 137 97,808.41
0.74 REGN REGENERON PHARMACEUTICALS 2730190 892.48 109 97,280.32
0.73 PANW PALO ALTO NETWORKS INC B87ZMX0 293.41 327 95,945.07
0.65 PDD PDD HOLDINGS INC BYVW0F7 126.82 678 85,983.96
0.64 SNPS SYNOPSYS INC 2867719 544.76 155 84,437.80
0.63 GILD GILEAD SCIENCES INC 2369174 65.94 1,262 83,216.28
0.60 ASML ASML HOLDING-NY B908F01 909.77 87 79,149.99
0.59 CDNS CADENCE DESIGN SYS INC 2302232 282.49 275 77,684.75
0.57 MELI MERCADOLIBRE INC B23X1H3 1,438.36 52 74,794.72
0.55 ABNB AIRBNB INC-CLASS A BMGYYH4 162.25 446 72,363.50
0.55 PYPL PAYPAL HOLDINGS INC BYW36M8 66.99 1,076 72,081.24
0.53 MAR MARRIOTT INTL-A 2210614 240.49 291 69,982.59
0.53 CRWD CROWDSTRIKE HO-A BJJP138 304.04 229 69,625.16
0.51 CTAS CINTAS CORP 2197137 665.83 101 67,248.83
0.51 CSX CSX CORP 2160753 33.95 1,967 66,779.65
0.49 NXPI NXP SEMICONDUCTORS NV B505PN7 247.13 259 64,006.67
0.47 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,037.04 60 62,222.40
0.46 PCAR PACCAR INC 2665861 113.64 535 60,797.40
0.46 MRVL MARVELL TECHNOLOGY INC BNKJSM5 68.75 879 60,431.25
0.46 CEG CONSTELLATION ENERGY BMH4FS1 188.61 317 59,789.37
0.44 MNST MONSTER BEVERAGE CORP BZ07BW4 54.13 1,063 57,540.19
0.42 ROP ROPER TECHNOLOGIES INC 2749602 513.58 108 55,466.64
0.42 CPRT COPART INC 2208073 55.71 981 54,651.51
0.40 WDAY WORKDAY INC-CLASS A B8K6ZD1 248.77 210 52,241.70
0.39 MCHP MICROCHIP TECHNOLOGY INC 2592174 93.18 551 51,342.18
0.38 DASH DOORDASH INC - A BN13P03 132.12 379 50,073.48
0.38 DXCM DEXCOM INC B0796X4 125.81 393 49,443.33
0.37 FTNT FORTINET INC B5B2106 64.30 765 49,189.50
0.37 KDP KEURIG DR PEPPER INC BD3W133 33.70 1,423 47,955.10
0.36 ADSK AUTODESK INC 2065159 216.78 219 47,474.82
0.36 KHC KRAFT HEINZ CO/THE BYRY499 38.65 1,214 46,921.10
0.35 AEP AMERICAN ELECTRIC POWER 2026242 86.67 536 46,455.12
0.34 ROST ROSS STORES INC 2746711 131.06 343 44,953.58
0.34 AZN ASTRAZENECA PLC-SPONS ADR 2989044 75.48 595 44,910.60
0.34 LULU LULULEMON ATHLETICA INC B23FN39 363.96 123 44,767.08
0.34 PAYX PAYCHEX INC 2674458 120.81 370 44,699.70
0.32 MRNA MODERNA INC BGSXTS3 111.62 382 42,638.84
0.32 IDXX IDEXX LABORATORIES INC 2459202 505.34 83 41,943.22
0.31 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 88.94 464 41,268.16
0.31 ODFL OLD DOMINION FREIGHT LINE 2656423 184.24 222 40,901.28
0.30 FAST FASTENAL CO 2332262 68.48 582 39,855.36
0.30 DDOG DATADOG INC - CLASS A BKT9Y49 129.07 308 39,753.56
0.29 TTD TRADE DESK INC-A BD8FDD1 84.50 455 38,447.50
0.29 CSGP COSTAR GROUP INC 2262864 92.50 413 38,202.50
0.29 EXC EXELON CORP 2670519 37.72 1,012 38,172.64
0.29 CHTR CHARTER COMMUN-A BZ6VT82 259.76 146 37,924.96
0.28 FANG DIAMONDBACK ENERGY INC B7Y8YR3 205.86 177 36,437.22
0.26 CDW CDW CORP/DE BBM5MD6 245.94 138 33,939.72
0.26 CTSH COGNIZANT TECH-A 2257019 66.53 510 33,930.30
0.26 BKR BAKER HUGHES CO BDHLTQ5 33.22 1,021 33,917.62
0.26 EA ELECTRONIC ARTS INC 2310194 127.90 265 33,893.50
0.25 VRSK VERISK ANALYTICS INC B4P9W92 221.85 148 32,833.80
0.25 CCEP COCA-COLA EUROPA BYQQ3P5 72.02 455 32,766.83
0.24 BIIB BIOGEN INC 2455965 215.50 148 31,894.00
0.24 ON ON SEMICONDUCTOR 2583576 70.82 440 31,160.80
0.23 XEL XCEL ENERGY INC 2614807 54.48 560 30,508.80
0.22 ANSS ANSYS INC 2045623 329.87 87 28,698.69
0.21 TEAM ATLASSIAN CORP-CL A BQ1PC76 177.07 157 27,799.99
0.21 MDB MONGODB INC BF2FJ99 371.94 73 27,151.62
0.21 ZS ZSCALER INC BZ00V34 179.04 151 27,035.04
0.20 GFS GLOBALFOUNDRIES INC BMW7F63 48.80 545 26,596.00
0.20 DLTR DOLLAR TREE INC 2272476 118.81 222 26,375.82
0.19 TTWO TAKE-TWO INTERAC 2122117 144.27 176 25,391.52
0.18 CASH 1.00 24,084 24,083.58
0.15 WBD WARNER BROS DISCOVERY INC BM8JYX3 8.15 2,471 20,138.65
0.15 ILMN ILLUMINA INC 2613990 124.73 157 19,582.61
0.12 WBA WALGREENS BOOTS BTN1Y44 18.02 849 15,298.98
0.09 NDX US 05/17/24 P16375 2,050.00 6 12,300.00
0.09 SIRI SIRIUS XM HOLDINGS INC BGLDK10 3.17 3,772 11,957.24
0.02 NQX US 05/17/24 P3270 402.50 8 3,220.00
-0.04 OTHER PAYABLE & RECEIVABLES 1.00 -5,240 -5,240.03
-1.07 NQX US 05/17/24 C3400 17,630.00 -8 -141,040.00
-3.04 NDX US 05/17/24 C17250 66,650.00 -6 -399,900.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 04/29/24

Return on Equity 23.50%
Weighted Avg. Market Cap 1,046,000 M
2023 2024
Price-to-earnings 30.08 25.87
Price-to-book value 6.70 5.57

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 03/31/24

Versus Beta
S&P 500 0.38
NASDAQ-100 0.33
MSCI EAFE 0.33
MSCI Emg. Mkts 0.26
Standard Deviation 8.80%

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.