QCLR


Nasdaq 100 Collar 95-110 ETF

Reasons to Consider QCLR

Growth Potential

QCLR enables investors to participate in the growth of the Nasdaq 100, up to approximately 10% from the selling of the call to the options' expiration in three months.

Manage Risk

By employing a collar strategy, QCLR aims to lessen drawdowns to approximately -5% from the purchase of the put to the options’ expiration in three months, potentially reducing systematic risk and equity volatility within a strategic allocation.

Efficient Options Execution

QCLR buys put options and sells call options on the Nasdaq 100, saving investors the time and potential expense of doing so individually.

Key Information As of 02/28/24

Inception Date 08/25/21
Total Expense Ratio 0.25%
Net Assets $2.51 million
NAV $27.87
Fact Sheet View the document

ETF Summary

The Global X Nasdaq 100 Collar 95-110 ETF (QCLR) employs a collar strategy for investors seeking range-bound equity returns. QCLR seeks to achieve this outcome by owning the stocks in the Nasdaq 100 Index (NDX), while buying 5% out-of-the-money (OTM) put options1 on NDX, and selling 10% OTM call options on the same index.

ETF Objective

The Global X Nasdaq 100 Collar 95-110 ETF (QCLR) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Nasdaq-100 Quarterly Collar 95-110 Index.

Trading Details As of 02/27/24

Ticker QCLR
Bloomberg Index Ticker NQCLRI
CUSIP 37960A602
ISIN US37960A6029
Primary Exchange Nasdaq
Shares Outstanding 90,000
Number of Holdings 105
30-Day Median Bid-Ask Spread 0.32%

Distributions As of 02/28/24

30-Day SEC Yield 0.58%
Distribution Frequency Semi-Annually

1An 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 02/28/24

NAV $27.87 Daily Change -$0.09 -0.32%
Market Price $27.83 Daily Change -$0.08 -0.29%

Performance History

As of recent
(12/31/23)
As of recent
(12/31/23)
Fund NAV Market Price Index
1 Year 27.91% 28.87% 27.59%
Since Inception 3.06% 3.09% 3.55%
1 Year 22.78% 22.41% 22.70%
Since Inception 3.55% 3.44% 4.03%
Year-to-Date 27.91% 28.87% 27.59%
1 Month 5.16% 5.32% 5.27%
3 Months 11.41% 11.55% 11.49%
Since Inception 7.34% 7.42% 8.54%
Year-to-Date 1.43% 1.09% 1.44%
1 Month 1.43% 1.09% 1.44%
3 Months 14.89% 14.69% 14.99%
Since Inception 8.88% 8.59% 10.10%

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 02/27/24

Nasdaq 100 Price 17,971.00 Nasdaq 100 Mini Price 3,594.21

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short NASDAQ Call Option -$1,797,105 18300 1.83% 03/15/2024 17
Short NASDAQ 100 Reduced Value Call Option -$718,842 3600 0.16% 03/15/2024 17

Downside Floor Details

Option Positions Notional Exposure Strike Downside Before Floor Expiration Date Calendar Days to Expiry
Long NASDAQ Put Option $1,797,105 15800 -12.08% 03/15/2024 17
Long NASDAQ 100 Reduced Value Put Option $718,842 3160 -12.08% 03/15/2024 17

Top Holdings As of 02/28/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
8.83 MSFT MICROSOFT CORP 2588173 407.72 543 221,391.96
8.22 AAPL APPLE INC 2046251 181.42 1,136 206,093.12
5.57 NVDA NVIDIA CORP 2379504 776.63 180 139,793.40
5.21 AMZN AMAZON.COM INC 2000019 173.16 755 130,735.80
4.98 META META PLATFORMS INC B7TL820 484.02 258 124,877.16
4.52 AVGO BROADCOM INC BDZ78H9 1,289.42 88 113,468.96
2.83 TSLA TESLA INC B616C79 202.04 351 70,916.04
2.48 COST COSTCO WHOLESALE CORP 2701271 747.96 83 62,080.68
2.35 GOOGL ALPHABET INC-CL A BYVY8G0 136.38 432 58,916.16
2.29 GOOG ALPHABET INC-CL C BYY88Y7 137.43 418 57,445.74
2.15 AMD ADVANCED MICRO DEVICES 2007849 176.54 306 54,021.24
1.97 NFLX NETFLIX INC 2857817 596.48 83 49,507.84
1.89 ADBE ADOBE INC 2008154 551.82 86 47,456.52
1.71 PEP PEPSICO INC 2681511 165.77 259 42,933.14
1.48 CSCO CISCO SYSTEMS INC 2198163 48.06 771 37,054.26
1.42 TMUS T-MOBILE US INC B94Q9V0 163.15 219 35,729.85
1.39 INTU INTUIT INC 2459020 659.16 53 34,935.48
1.34 INTC INTEL CORP 2463247 41.99 800 33,592.00
1.31 QCOM QUALCOMM INC 2714923 155.85 211 32,884.35
1.28 CMCSA COMCAST CORP-CLASS A 2044545 42.15 762 32,118.30
1.25 AMAT APPLIED MATERIALS INC 2046552 197.54 159 31,408.86
1.12 TXN TEXAS INSTRUMENTS INC 2885409 163.04 172 28,042.88
1.12 AMGN AMGEN INC 2023607 277.46 101 28,023.46
1.02 ISRG INTUITIVE SURGICAL INC 2871301 386.59 66 25,514.94
0.98 HON HONEYWELL INTL 2020459 196.49 125 24,561.25
0.98 BKNG BOOKING HOLDINGS INC BDRXDB4 3,495.63 7 24,469.41
0.92 LRCX LAM RESEARCH CORP 2502247 922.67 25 23,066.75
0.83 VRTX VERTEX PHARM 2931034 426.97 49 20,921.53
0.80 SBUX STARBUCKS CORP 2842255 93.00 216 20,088.00
0.79 REGN REGENERON PHARMACEUTICALS 2730190 987.61 20 19,752.20
0.78 ADP AUTOMATIC DATA PROCESSING 2065308 251.56 78 19,621.68
0.76 MDLZ MONDELEZ INTER-A B8CKK03 73.19 259 18,956.21
0.75 MU MICRON TECHNOLOGY INC 2588184 89.71 210 18,839.10
0.74 PANW PALO ALTO NETWORKS INC B87ZMX0 316.15 59 18,652.85
0.70 ADI ANALOG DEVICES INC 2032067 187.76 94 17,649.44
0.70 KLAC KLA CORP 2480138 673.00 26 17,498.00
0.69 GILD GILEAD SCIENCES INC 2369174 72.70 237 17,229.90
0.66 SNPS SYNOPSYS INC 2867719 570.28 29 16,538.12
0.63 PDD PDD HOLDINGS INC BYVW0F7 125.01 127 15,876.27
0.63 MELI MERCADOLIBRE INC B23X1H3 1,579.49 10 15,794.90
0.61 CDNS CADENCE DESIGN SYS INC 2302232 300.58 51 15,329.58
0.60 ASML ASML HOLDING-NY B908F01 939.50 16 15,032.00
0.56 MAR MARRIOTT INTL-A 2210614 248.99 56 13,943.44
0.55 CRWD CROWDSTRIKE HO-A BJJP138 320.94 43 13,800.42
0.55 CSX CSX CORP 2160753 37.68 364 13,715.52
0.51 ABNB AIRBNB INC-CLASS A BMGYYH4 153.43 83 12,734.69
0.48 PYPL PAYPAL HOLDINGS INC BYW36M8 60.25 200 12,050.00
0.48 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,092.96 11 12,022.56
0.48 CTAS CINTAS CORP 2197137 630.72 19 11,983.68
0.48 NXPI NXP SEMICONDUCTORS NV B505PN7 243.98 49 11,955.02
0.47 WDAY WORKDAY INC-CLASS A B8K6ZD1 295.16 40 11,806.40
0.44 PCAR PACCAR INC 2665861 111.37 100 11,137.00
0.43 ROP ROPER TECHNOLOGIES INC 2749602 543.45 20 10,869.00
0.43 MNST MONSTER BEVERAGE CORP BZ07BW4 55.85 192 10,723.20
0.43 LULU LULULEMON ATHLETICA INC B23FN39 464.14 23 10,675.22
0.43 MRVL MARVELL TECHNOLOGY INC BNKJSM5 67.54 158 10,671.32
0.42 ADSK AUTODESK INC 2065159 255.25 41 10,465.25
0.40 CEG CONSTELLATION ENERGY BMH4FS1 170.83 59 10,078.97
0.40 FTNT FORTINET INC B5B2106 69.51 144 10,009.44
0.37 ROST ROSS STORES INC 2746711 150.45 62 9,327.90
0.37 CPRT COPART INC 2208073 53.08 175 9,289.00
0.37 IDXX IDEXX LABORATORIES INC 2459202 571.68 16 9,146.88
0.35 DASH DOORDASH INC - A BN13P03 122.44 71 8,693.24
0.35 ODFL OLD DOMINION FREIGHT LINE 2656423 432.90 20 8,658.00
0.33 AEP AMERICAN ELECTRIC POWER 2026242 83.32 100 8,332.00
0.33 MCHP MICROCHIP TECHNOLOGY INC 2592174 82.18 100 8,218.00
0.32 DXCM DEXCOM INC B0796X4 114.22 71 8,109.62
0.32 PAYX PAYCHEX INC 2674458 122.41 66 8,079.06
0.32 CHTR CHARTER COMMUN-A BZ6VT82 288.34 28 8,073.52
0.32 KHC KRAFT HEINZ CO/THE BYRY499 35.54 224 7,960.96
0.31 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 93.02 83 7,720.66
0.31 KDP KEURIG DR PEPPER INC BD3W133 30.03 257 7,717.71
0.31 FAST FASTENAL CO 2332262 73.56 104 7,650.24
0.30 DDOG DATADOG INC - CLASS A BKT9Y49 130.47 58 7,567.26
0.29 CTSH COGNIZANT TECH-A 2257019 78.48 93 7,298.64
0.28 EA ELECTRONIC ARTS INC 2310194 140.08 50 7,004.00
0.27 TTD TRADE DESK INC-A BD8FDD1 84.90 81 6,876.90
0.27 AZN ASTRAZENECA PLC-SPONS ADR 2989044 65.35 105 6,861.75
0.27 MRNA MODERNA INC BGSXTS3 97.48 69 6,726.12
0.27 ZS ZSCALER INC BZ00V34 237.29 28 6,644.12
0.26 EXC EXELON CORP 2670519 35.80 182 6,515.60
0.26 CSGP COSTAR GROUP INC 2262864 86.35 75 6,476.25
0.25 CDW CDW CORP/DE BBM5MD6 244.91 26 6,367.66
0.25 VRSK VERISK ANALYTICS INC B4P9W92 242.00 26 6,292.00
0.25 BIIB BIOGEN INC 2455965 221.74 28 6,208.72
0.24 CCEP COCA-COLA EUROPA BYQQ3P5 69.60 87 6,055.20
0.24 ON ON SEMICONDUCTOR 2583576 76.47 79 6,041.13
0.24 DLTR DOLLAR TREE INC 2272476 146.14 41 5,991.74
0.23 XEL XCEL ENERGY INC 2614807 57.67 101 5,824.67
0.23 TEAM ATLASSIAN CORP-CL A BQ1PC76 207.05 28 5,797.40
0.23 MDB MONGODB INC BF2FJ99 443.45 13 5,764.85
0.23 FANG DIAMONDBACK ENERGY INC B7Y8YR3 179.76 32 5,752.32
0.22 BKR BAKER HUGHES CO BDHLTQ5 29.48 186 5,483.28
0.21 ANSS ANSYS INC 2045623 333.09 16 5,329.44
0.21 GFS GLOBALFOUNDRIES INC BMW7F63 52.64 100 5,264.00
0.20 SPLK SPLUNK INC B424494 156.16 32 4,997.12
0.19 TTWO TAKE-TWO INTERAC 2122117 147.48 33 4,866.84
0.19 CASH 1.00 4,821 4,820.55
0.16 ILMN ILLUMINA INC 2613990 140.98 29 4,088.42
0.16 WBD WARNER BROS DISCOVERY INC BM8JYX3 8.71 445 3,875.95
0.13 WBA WALGREENS BOOTS BTN1Y44 21.16 158 3,343.28
0.13 SIRI SIRIUS XM HOLDINGS INC BGLDK10 4.43 707 3,132.01
0.07 OTHER PAYABLE & RECEIVABLES 1.00 1,718 1,718.38
0.03 NDX US 03/15/24 P15800 660.00 1 660.00
0.02 NQX US 03/15/24 P3160 212.01 2 424.02
-0.31 NQX US 03/15/24 C3600 3,875.00 -2 -7,750.00
-0.33 NDX US 03/15/24 C18300 8,205.00 -1 -8,205.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 02/27/24

Return on Equity 23.90%
Weighted Avg. Market Cap 958,644 M
2023 2024
Price-to-earnings 30.62 26.37
Price-to-book value 6.99 5.74

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 01/31/24

Versus Beta
S&P 500 0.61
NASDAQ-100 0.55
MSCI EAFE 0.49
MSCI Emg. Mkts 0.44
Standard Deviation 14.30%

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 QCLR to loss due to adverse occurrences that may affect that industry or sector. Investors in QCLR should be willing to accept a high degree of volatility in the price of the fund’s shares and the possibility of significant losses.

QCLR 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. QCLR 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. QCLR 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.