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 expects to make distributions on a monthly basis.

Key Information As of 07/01/22

Inception Date 08/25/21
Total Expense Ratio 0.60%
Net Assets $9.18 million
NAV $19.52
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 07/01/22

Ticker QRMI
Bloomberg Index Ticker NQRMII
CUSIP 37960A503
ISIN US37960A5039
Primary Exchange Nasdaq
Shares Outstanding 470,000
Number of Holdings 106
30-Day Median Bid-Ask Spread 0.40%

Distributions As of 07/01/22

30-Day SEC Yield 0.35%
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 07/01/22

NAV $19.52 Daily Change $0.06 0.30%
Market Price $19.54 Daily Change $0.05 0.26%

Performance History

As of recent
(03/31/22)
Fund NAV Market Price Index
Year-to-Date -5.71% -5.41% -6.33%
1 Month 2.67% 2.76% 2.37%
3 Months -5.71% -5.41% -6.33%
Since Inception -7.40% -7.19% -8.84%
Year-to-Date -11.43% -11.27% -11.09%
1 Month -2.69% -2.45% -1.88%
3 Months -3.56% -3.60% -2.83%
Since Inception -13.02% -12.94% -13.47%

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 of the Fund, when observed, is unusual and investors should not expect such performance to be repeated.

Options Details As of 07/01/22

Option Positions Notional Exposure Strike Moneyness Expiration Date Calendar Days to Expiry
Short NASDAQ Call Option -$8,109,973 11150 103.90% 07/15/2022 14
Long NASDAQ Put Option $8,109,973 10575 91.30% 07/15/2022 14
Short NASDAQ 100 Reduced Value Call Option -$1,390,281 2230 103.90% 07/15/2022 14
Long NASDAQ 100 Reduced Value Put Option $1,390,281 2110 91.10% 07/15/2022 14

Top Holdings As of 07/01/22

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
13.27 AAPL APPLE INC 2046251 138.93 8,578 1,191,741.54
11.46 MSFT MICROSOFT CORP 2588173 259.58 3,963 1,028,715.54
6.58 AMZN AMAZON.COM INC 2000019 109.56 5,392 590,747.52
4.17 TSLA TESLA INC B616C79 681.79 549 374,302.71
4.01 GOOG ALPHABET INC-CL C BYY88Y7 2,181.62 165 359,967.30
3.90 GOOGL ALPHABET INC-CL A BYVY8G0 2,174.75 161 350,134.75
3.24 META META PLATFORMS INC B7TL820 160.03 1,819 291,094.57
3.02 NVDA NVIDIA CORP 2379504 145.23 1,864 270,708.72
2.29 PEP PEPSICO INC 2681511 169.39 1,214 205,639.46
2.10 COST COSTCO WHOLESALE CORP 2701271 485.76 388 188,474.88
1.91 AVGO BROADCOM INC BDZ78H9 477.84 358 171,066.72
1.75 CMCSA COMCAST CORP-CLASS A 2044545 40.02 3,929 157,238.58
1.71 CSCO CISCO SYSTEMS INC 2198163 42.22 3,639 153,638.58
1.71 ADBE ADOBE INC 2008154 368.48 416 153,287.68
1.68 TMUS T-MOBILE US INC B94Q9V0 136.81 1,102 150,764.62
1.45 INTC INTEL CORP 2463247 36.34 3,593 130,569.62
1.35 QCOM QUALCOMM INC 2714923 123.53 983 121,429.99
1.34 TXN TEXAS INSTRUMENTS INC 2885409 148.54 810 120,317.40
1.31 AMGN AMGEN INC 2023607 245.55 479 117,618.45
1.17 AMD ADVANCED MICRO DEVICES 2007849 73.67 1,425 104,979.78
1.17 HON HONEYWELL INTL 2020459 175.11 598 104,715.78
1.08 INTU INTUIT INC 2459020 388.31 249 96,689.19
0.89 SBUX STARBUCKS CORP 2842255 79.26 1,008 79,894.08
0.87 ADP AUTOMATIC DATA PROCESSING 2065308 213.23 367 78,255.41
0.86 MDLZ MONDELEZ INTER-A B8CKK03 63.34 1,214 76,894.76
0.81 PYPL PAYPAL HOLDINGS INC BYW36M8 71.40 1,018 72,685.20
0.80 CHTR CHARTER COMMUN-A BZ6VT82 480.92 149 71,657.08
0.78 NFLX NETFLIX INC 2857817 179.95 389 70,000.55
0.77 GILD GILEAD SCIENCES INC 2369174 62.36 1,102 68,720.72
0.73 AMAT APPLIED MATERIALS INC 2046552 86.27 763 65,824.01
0.73 ADI ANALOG DEVICES INC 2032067 142.91 456 65,166.96
0.72 ISRG INTUITIVE SURGICAL INC 2871301 206.10 315 64,921.50
0.72 VRTX VERTEX PHARM 2931034 287.32 224 64,359.68
0.69 BKNG BOOKING HOLDINGS INC BDRXDB4 1,767.98 35 61,879.30
0.63 REGN REGENERON PHARMACEUTICALS 2730190 595.40 95 56,563.00
0.62 CSX CSX CORP 2160753 29.34 1,908 55,980.72
0.60 ATVI ACTIVISION BLIZZARD INC 2575818 78.57 686 53,899.02
0.59 MU MICRON TECHNOLOGY INC 2588184 53.65 982 52,684.30
0.59 FISV FISERV INC 2342034 92.58 569 52,678.02
0.58 MRNA MODERNA INC BGSXTS3 149.95 348 52,182.60
0.53 LRCX LAM RESEARCH CORP 2502247 394.83 121 47,774.43
0.50 KDP KEURIG DR PEPPER INC BD3W133 36.07 1,246 44,943.22
0.49 PANW PALO ALTO NETWORKS INC B87ZMX0 508.25 87 44,217.75
0.49 AEP AMERICAN ELECTRIC POWER 2026242 97.95 450 44,077.50
0.49 MNST MONSTER BEVERAGE CORP BZ07BW4 94.59 465 43,984.35
0.46 KHC KRAFT HEINZ CO/THE BYRY499 38.64 1,072 41,422.08
0.45 FTNT FORTINET INC B5B2106 57.37 705 40,445.85
0.45 SNPS SYNOPSYS INC 2867719 301.23 134 40,364.82
0.45 MAR MARRIOTT INTL-A 2210614 139.18 288 40,083.84
0.44 EXC EXELON CORP 2670519 46.07 859 39,574.13
0.43 KLAC KLA CORP 2480138 296.26 131 38,810.06
0.42 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 636.08 59 37,528.72
0.41 PAYX PAYCHEX INC 2674458 116.36 316 36,769.76
0.41 CDNS CADENCE DESIGN SYS INC 2302232 149.64 243 36,362.52
0.39 XEL XCEL ENERGY INC 2614807 72.63 479 34,789.77
0.38 CTAS CINTAS CORP 2197137 376.71 90 33,903.90
0.37 NXPI NXP SEMICONDUCTORS NV B505PN7 146.09 230 33,600.70
0.37 CRWD CROWDSTRIKE HO-A BJJP138 179.25 187 33,519.75
0.37 AZN ASTRAZENECA PLC-SPONS ADR 2989044 65.95 507 33,436.65
0.37 ASML ASML HOLDING-NY B908F01 449.83 74 33,287.42
0.37 ADSK AUTODESK INC 2065159 173.86 191 33,207.26
0.35 MRVL MARVELL TECHNOLOGY INC BNKJSM5 42.55 746 31,742.30
0.35 CTSH COGNIZANT TECH-A 2257019 68.03 457 31,089.71
0.35 DLTR DOLLAR TREE INC 2272476 156.27 198 30,941.46
0.34 ABNB AIRBNB INC-CLASS A BMGYYH4 91.41 336 30,713.76
0.34 EA ELECTRONIC ARTS INC 2310194 122.73 247 30,314.31
0.33 JD JD.COM INC-ADR BMM27D9 65.95 443 29,215.85
0.33 WBA WALGREENS BOOTS BTN1Y44 38.56 756 29,151.36
0.32 MELI MERCADOLIBRE INC B23X1H3 659.95 44 29,037.80
0.32 SGEN SEAGEN INC BLPK4D2 180.11 160 28,817.60
0.32 BIDU BAIDU INC - SPON ADR B0FXT17 151.49 190 28,783.10
0.32 LULU LULULEMON ATHLETICA INC B23FN39 263.38 108 28,445.04
0.30 MCHP MICROCHIP TECHNOLOGY INC 2592174 56.16 485 27,237.60
0.30 BIIB BIOGEN INC 2455965 210.63 128 26,960.64
0.30 DXCM DEXCOM INC B0796X4 77.63 342 26,549.46
0.29 ILMN ILLUMINA INC 2613990 191.04 138 26,363.52
0.29 NDX US 07/15/22 P10575 3,695.00 7 25,865.00
0.29 ODFL OLD DOMINION FREIGHT LINE 2656423 261.01 99 25,839.99
0.29 IDXX IDEXX LABORATORIES INC 2459202 358.44 72 25,807.68
0.28 PCAR PACCAR INC 2665861 82.89 304 25,198.56
0.28 DDOG DATADOG INC - CLASS A BKT9Y49 101.05 249 25,161.45
0.28 PDD PINDUODUO INC-ADR BYVW0F7 64.82 387 25,085.34
0.28 FAST FASTENAL CO 2332262 49.74 504 25,068.96
0.28 LCID LUCID GROUP INC BP0TR77 17.00 1,461 24,837.00
0.28 WDAY WORKDAY INC-CLASS A B8K6ZD1 142.35 174 24,768.90
0.27 TEAM ATLASSIAN CORP-A BZ09BD1 197.51 124 24,491.24
0.27 ZM ZOOM VIDEO COM-A BGSP7M9 110.97 220 24,413.40
0.27 VRSK VERISK ANALYTICS INC B4P9W92 175.30 138 24,191.40
0.25 CPRT COPART INC 2208073 110.17 207 22,805.19
0.24 ROST ROSS STORES INC 2746711 71.38 307 21,913.66
0.24 SIRI SIRIUS XM HOLDINGS INC BGLDK10 6.21 3,444 21,387.24
0.24 EBAY EBAY INC 2293819 42.89 496 21,273.44
0.21 ZS ZSCALER INC BZ00V34 155.37 123 19,110.51
0.20 ANSS ANSYS INC 2045623 240.19 75 18,014.25
0.20 MTCH MATCH GROUP INC BK80XH9 71.49 251 17,943.99
0.19 CASH 1.00 17,411 17,411.05
0.19 ALGN ALIGN TECHNOLOGY INC 2679204 247.34 69 17,066.46
0.18 CEG CONSTELLATION ENERGY BMH4FS1 57.60 286 16,473.58
0.18 VRSN VERISIGN INC 2142922 170.81 96 16,397.76
0.17 NTES NETEASE INC-ADR 2606440 93.47 160 14,955.20
0.14 SPLK SPLUNK INC B424494 91.96 141 12,966.36
0.14 SWKS SKYWORKS SOLUTIONS INC 2961053 91.12 139 12,665.68
0.14 OKTA OKTA INC BDFZSP1 95.98 131 12,573.38
0.12 DOCU DOCUSIGN INC BFYT7B7 61.22 174 10,652.28
0.06 NQX US 07/15/22 P2110 1,090.00 5 5,450.00
-0.63 NQX US 07/15/22 C2230 11,290.00 -5 -56,450.00
-4.33 NDX US 07/15/22 C11150 55,560.00 -7 -388,920.00
Holdings are subject to change.

ETF Characteristics As of 07/01/22

Return on Equity 25.20%
Weighted Avg. Market Cap 825,451 M
2021 2022
Price-to-earnings 22.02 21.35
Price-to-book value 5.97 4.90

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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