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 02/02/23

Inception Date 08/25/21
Total Expense Ratio 0.60%
Net Assets $8.87 million
NAV $18.10
Fact Sheet

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 02/02/23

Ticker QRMI
Bloomberg Index Ticker NQRMII
CUSIP 37960A503
ISIN US37960A5039
Primary Exchange Nasdaq
Shares Outstanding 490,000
Number of Holdings 105
30-Day Median Bid-Ask Spread 0.45%

Distributions As of 02/02/23

30-Day SEC Yield 0.39%
12-Month Trailing Yield 10.92%
Distribution Yield 13.11%
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 02/02/23

NAV $18.10 Daily Change $0.06 0.33%
Market Price $18.04 Daily Change -$0.02 -0.11%

Performance History

As of recent
(12/31/22)
As of recent
(12/31/22)
Fund NAV Market Price Index
1 Year -18.49% -18.56% -17.96%
Since Inception -15.19% -15.30% -15.35%
1 Year -10.44% -10.42% -10.42%
Since Inception -11.48% -11.59% -11.69%
Year-to-Date -18.49% -18.56% -17.96%
1 Month -3.49% -3.76% -3.30%
3 Months -2.16% -2.33% -1.99%
Since Inception -19.95% -20.10% -20.16%
Year-to-Date 4.86% 4.87% 4.77%
1 Month 4.86% 4.87% 4.77%
3 Months 2.13% 1.85% 2.07%
Since Inception -16.06% -16.20% -16.35%

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 02/02/23

Option Positions Notional Exposure Strike Moneyness Expiration Date Calendar Days to Expiry
Short NASDAQ Call Option -$7,681,884 11400 112.30% 02/17/2023 15
Long NASDAQ Put Option $7,681,884 10825 84.50% 02/17/2023 15
Short NASDAQ 100 Reduced Value Call Option -$2,048,502 2280 112.30% 02/17/2023 15
Long NASDAQ 100 Reduced Value Put Option $2,048,502 2160 84.40% 02/17/2023 15

Top Holdings As of 02/02/23

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
13.29 MSFT MICROSOFT CORP 2588173 264.60 4,455 1,178,793.00
13.06 AAPL APPLE INC 2046251 150.82 7,679 1,158,146.78
7.80 AMZN AMAZON.COM INC 2000019 112.91 6,122 691,235.02
4.69 NVDA NVIDIA CORP 2379504 217.09 1,915 415,727.35
4.48 GOOG ALPHABET INC-CL C BYY88Y7 108.80 3,652 397,337.60
4.44 GOOGL ALPHABET INC-CL A BYVY8G0 107.74 3,653 393,574.22
4.02 TSLA TESLA INC B616C79 188.27 1,894 356,583.38
3.73 META META PLATFORMS INC B7TL820 188.77 1,750 330,347.50
2.15 AVGO BROADCOM INC BDZ78H9 605.77 315 190,817.55
2.06 PEP PEPSICO INC 2681511 169.97 1,072 182,207.84
2.03 COST COSTCO WHOLESALE CORP 2701271 523.43 344 180,059.92
1.78 CSCO CISCO SYSTEMS INC 2198163 49.32 3,196 157,626.72
1.61 ADBE ADOBE INC 2008154 392.23 365 143,163.95
1.60 TMUS T-MOBILE US INC B94Q9V0 146.95 968 142,247.60
1.57 CMCSA COMCAST CORP-CLASS A 2044545 41.11 3,386 139,198.46
1.49 TXN TEXAS INSTRUMENTS INC 2885409 184.72 713 131,705.36
1.44 NFLX NETFLIX INC 2857817 366.89 349 128,044.61
1.35 QCOM QUALCOMM INC 2714923 135.85 879 119,412.15
1.26 AMD ADVANCED MICRO DEVICES 2007849 88.31 1,264 111,623.84
1.23 HON HONEYWELL INTL 2020459 207.38 527 109,289.26
1.17 AMGN AMGEN INC 2023607 246.53 419 103,296.07
1.13 INTU INTUIT INC 2459020 452.16 221 99,927.36
1.11 SBUX STARBUCKS CORP 2842255 109.15 901 98,344.15
1.10 INTC INTEL CORP 2463247 30.19 3,238 97,755.22
0.94 AMAT APPLIED MATERIALS INC 2046552 124.26 674 83,751.24
0.90 GILD GILEAD SCIENCES INC 2369174 81.39 984 80,087.76
0.88 PYPL PAYPAL HOLDINGS INC BYW36M8 86.96 894 77,742.24
0.84 ADP AUTOMATIC DATA PROCESSING 2065308 228.99 325 74,421.75
0.83 BKNG BOOKING HOLDINGS INC BDRXDB4 2,454.69 30 73,640.70
0.82 ISRG INTUITIVE SURGICAL INC 2871301 260.90 277 72,269.30
0.81 ADI ANALOG DEVICES INC 2032067 179.30 399 71,540.70
0.81 MDLZ MONDELEZ INTER-A B8CKK03 66.66 1,071 71,392.86
0.71 REGN REGENERON PHARMACEUTICALS 2730190 751.20 84 63,100.80
0.68 VRTX VERTEX PHARM 2931034 303.78 198 60,148.44
0.65 LRCX LAM RESEARCH CORP 2502247 541.04 106 57,350.24
0.61 CSX CSX CORP 2160753 32.64 1,648 53,790.72
0.60 FISV FISERV INC 2342034 107.60 498 53,584.80
0.60 MU MICRON TECHNOLOGY INC 2588184 63.17 837 52,873.29
0.59 MRNA MODERNA INC BGSXTS3 176.35 296 52,199.60
0.56 CHTR CHARTER COMMUN-A BZ6VT82 412.25 120 49,470.00
0.55 ASML ASML HOLDING-NY B908F01 696.55 70 48,758.50
0.54 MELI MERCADOLIBRE INC B23X1H3 1,226.58 39 47,836.62
0.52 ATVI ACTIVISION BLIZZARD INC 2575818 77.11 603 46,497.33
0.51 KLAC KLA CORP 2480138 414.26 109 45,154.34
0.49 SNPS SYNOPSYS INC 2867719 368.59 118 43,493.62
0.49 MAR MARRIOTT INTL-A 2210614 176.17 246 43,337.82
0.47 MNST MONSTER BEVERAGE CORP BZ07BW4 102.58 402 41,237.16
0.45 CDNS CADENCE DESIGN SYS INC 2302232 189.22 211 39,925.42
0.45 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 805.66 49 39,477.34
0.44 NXPI NXP SEMICONDUCTORS NV B505PN7 196.16 199 39,035.84
0.43 KDP KEURIG DR PEPPER INC BD3W133 35.21 1,089 38,343.69
0.43 PANW PALO ALTO NETWORKS INC B87ZMX0 162.55 235 38,199.25
0.43 ADSK AUTODESK INC 2065159 228.22 166 37,884.52
0.43 KHC KRAFT HEINZ CO/THE BYRY499 39.99 942 37,670.58
0.42 AEP AMERICAN ELECTRIC POWER 2026242 94.55 395 37,347.25
0.41 ABNB AIRBNB INC-CLASS A BMGYYH4 118.52 305 36,148.60
0.40 PDD PINDUODUO INC-ADR BYVW0F7 99.61 359 35,759.99
0.40 MCHP MICROCHIP TECHNOLOGY INC 2592174 84.53 421 35,587.13
0.40 CTAS CINTAS CORP 2197137 444.81 79 35,139.99
0.38 PAYX PAYCHEX INC 2674458 120.60 280 33,768.00
0.37 DXCM DEXCOM INC B0796X4 108.03 300 32,409.00
0.36 IDXX IDEXX LABORATORIES INC 2459202 504.22 64 32,270.08
0.36 FTNT FORTINET INC B5B2106 53.85 599 32,253.16
0.36 MRVL MARVELL TECHNOLOGY INC BNKJSM5 48.76 661 32,230.36
0.36 ODFL OLD DOMINION FREIGHT LINE 2656423 371.41 86 31,941.26
0.36 EXC EXELON CORP 2670519 41.89 762 31,920.18
0.36 BIIB BIOGEN INC 2455965 287.52 111 31,914.72
0.35 ROST ROSS STORES INC 2746711 116.09 266 30,879.94
0.34 LULU LULULEMON ATHLETICA INC B23FN39 322.76 94 30,339.44
0.34 WBD WARNER BROS DISCOVERY INC BM8JYX3 15.92 1,881 29,945.52
0.34 AZN ASTRAZENECA PLC-SPONS ADR 2989044 63.15 474 29,933.10
0.34 PCAR PACCAR INC 2665861 111.61 266 29,688.26
0.33 WDAY WORKDAY INC-CLASS A B8K6ZD1 190.98 155 29,601.90
0.33 XEL XCEL ENERGY INC 2614807 69.56 419 29,145.64
0.31 CTSH COGNIZANT TECH-A 2257019 70.66 392 27,698.72
0.31 ILMN ILLUMINA INC 2613990 224.94 121 27,217.74
0.30 GFS GLOBALFOUNDRIES INC BMW7F63 64.79 415 26,887.85
0.30 DLTR DOLLAR TREE INC 2272476 157.02 171 26,850.42
0.29 CPRT COPART INC 2208073 69.75 363 25,319.25
0.28 WBA WALGREENS BOOTS BTN1Y44 37.71 661 24,926.31
0.28 CSGP COSTAR GROUP INC 2262864 80.01 311 24,883.11
0.28 EA ELECTRONIC ARTS INC 2310194 115.99 211 24,473.89
0.27 FAST FASTENAL CO 2332262 55.29 436 24,106.44
0.27 BKR BAKER HUGHES CO BDHLTQ5 31.20 763 23,805.60
0.27 ENPH ENPHASE ENERGY INC B65SQW4 227.70 104 23,680.80
0.26 EBAY EBAY INC 2293819 51.66 451 23,298.66
0.25 VRSK VERISK ANALYTICS INC B4P9W92 187.02 120 22,442.40
0.25 JD JD.COM INC-ADR BMM27D9 59.31 370 21,944.70
0.24 CEG CONSTELLATION ENERGY BMH4FS1 85.33 249 21,247.17
0.24 ALGN ALIGN TECHNOLOGY INC 2679204 359.88 59 21,232.92
0.24 TEAM ATLASSIAN CORP -CLASS A BQ1PC76 182.41 115 20,977.15
0.22 SGEN SEAGEN INC BLPK4D2 139.43 141 19,659.63
0.22 CRWD CROWDSTRIKE HO-A BJJP138 115.93 166 19,244.38
0.22 DDOG DATADOG INC - CLASS A BKT9Y49 86.97 221 19,220.37
0.21 FANG DIAMONDBACK ENERGY INC B7Y8YR3 137.57 136 18,709.52
0.21 ANSS ANSYS INC 2045623 282.50 66 18,645.00
0.20 LCID LUCID GROUP INC BP0TR77 12.07 1,451 17,513.57
0.19 ZM ZOOM VIDEO COM-A BGSP7M9 82.84 206 17,065.04
0.19 ZS ZSCALER INC BZ00V34 141.35 120 16,962.00
0.18 SIRI SIRIUS XM HOLDINGS INC BGLDK10 5.30 2,949 15,629.70
0.16 RIVN RIVIAN AUTOMOTIVE INC-A BL98841 20.88 686 14,323.68
0.14 CASH 1.00 12,660 12,659.55
0.03 NDX US 02/17/23 P10825 497.50 6 2,985.00
0.01 NQX US 02/17/23 P2160 107.50 8 860.00
-2.56 NQX US 02/17/23 C2280 28,400.00 -8 -227,200.00
-9.57 NDX US 02/17/23 C11400 141,425.00 -6 -848,550.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 02/02/23

Return on Equity 23.30%
Weighted Avg. Market Cap 853,339 M
2022 2023
Price-to-earnings 25.08 24.06
Price-to-book value 6.17 5.15

Source: AltaVista Research, LLC

ETF Risk Stats As of 01/31/23

Versus Beta
S&P 500 0.37
MSCI EAFE 0.33
MSCI Emg. Mkts 0.24
Standard Deviation 9.90%

Source: AltaVista 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.

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