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 01/19/22

Inception Date 08/25/21
Total Expense Ratio 0.60%
Net Assets $15.30 million
NAV $22.50
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 01/19/22

Ticker QRMI
Bloomberg Index Ticker NQRMII
CUSIP 37960A503
ISIN US37960A5039
Primary Exchange Nasdaq
Shares Outstanding 680,000
Number of Holdings 103
30-Day Median Bid-Ask Spread 0.25%

Distributions As of 01/19/22

30-Day SEC Yield 0.06%
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 01/19/22

NAV $22.50 Daily Change -$0.19 -0.82%
Market Price $22.54 Daily Change -$0.18 -0.80%

Performance History

As of recent month & quarter-end (12/31/21)
Fund NAV Market Price Index
Year-to-Date -- -- -1.77%
1 Month -0.79% -1.04% -0.66%
3 Months 0.60% 0.34% 0.05%
Since Inception -1.79% -1.88% -2.68%
Year-to-Date -- -- -1.77%
1 Month -0.79% -1.04% -0.66%
3 Months 0.60% 0.34% 0.05%
Since Inception -1.79% -1.88% -2.68%

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 01/19/22

Option Positions Notional Exposure Strike Moneyness Expiration Date Calendar Days to Expiry
Short NASDAQ 100 Reduced Value Call Option -$15,047,842 3175 94.80% 01/21/2022 2
Long NASDAQ 100 Reduced Value Put Option $15,950,712 3015 100.20% 01/21/2022 2

Top Holdings As of 01/19/22

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
11.70 AAPL APPLE INC 2046251 166.23 11,401 1,895,188.23
9.76 MSFT MICROSOFT CORP 2588173 303.33 5,212 1,580,955.96
6.81 AMZN AMAZON.COM INC 2000019 3,125.98 353 1,103,470.94
4.85 FB META PLATFORMS INC B7TL820 319.59 2,459 785,871.81
4.30 TSLA TESLA INC B616C79 995.65 700 696,955.00
3.78 NVDA NVIDIA CORP 2379504 250.67 2,445 612,888.15
3.68 GOOG ALPHABET INC-CL C BYY88Y7 2,713.04 220 596,868.80
3.52 GOOGL ALPHABET INC-CL A BYVY8G0 2,702.33 211 570,191.63
1.77 CSCO CISCO SYSTEMS INC 2198163 58.90 4,864 286,489.60
1.77 ADBE ADOBE INC 2008154 516.58 554 286,185.32
1.72 PEP PEPSICO INC 2681511 175.21 1,589 278,408.69
1.67 AVGO BROADCOM INC BDZ78H9 563.97 481 271,269.57
1.63 CMCSA COMCAST CORP-CLASS A 2044545 50.33 5,248 264,131.84
1.62 NFLX NETFLIX INC 2857817 515.86 508 262,056.88
1.55 INTC INTEL CORP 2463247 53.62 4,678 250,834.36
1.53 COST COSTCO WHOLESALE CORP 2701271 490.16 507 248,511.12
1.45 PYPL PAYPAL HOLDINGS INC BYW36M8 173.55 1,355 235,160.25
1.37 QCOM QUALCOMM INC 2714923 172.47 1,290 222,486.30
1.18 TXN TEXAS INSTRUMENTS INC 2885409 178.30 1,069 190,602.70
1.12 INTU INTUIT INC 2459020 545.35 334 182,146.90
1.10 AMD ADVANCED MICRO DEVICES 2007849 128.27 1,384 177,525.68
1.04 NQX US 01/21/22 P3015 3,180.00 53 168,540.00
1.03 HON HONEYWELL INTL 2020459 210.73 793 167,108.89
0.94 TMUS T-MOBILE US INC B94Q9V0 105.38 1,439 151,641.82
0.93 AMGN AMGEN INC 2023607 231.30 648 149,882.40
0.91 AMAT APPLIED MATERIALS INC 2046552 143.07 1,029 147,219.03
0.81 SBUX STARBUCKS CORP 2842255 96.87 1,357 131,452.59
0.76 ISRG INTUITIVE SURGICAL INC 2871301 293.46 418 122,666.28
0.74 CHTR CHARTER COMMUN-A BZ6VT82 581.30 207 120,329.10
0.72 BKNG BOOKING HOLDINGS INC BDRXDB4 2,377.09 49 116,477.41
0.72 MU MICRON TECHNOLOGY INC 2588184 90.00 1,290 116,100.00
0.68 ADP AUTOMATIC DATA PROCESSING 2065308 224.83 491 110,391.53
0.67 MDLZ MONDELEZ INTER-A B8CKK03 67.60 1,598 108,024.80
0.63 ADI ANALOG DEVICES INC 2032067 163.06 628 102,401.68
0.62 LRCX LAM RESEARCH CORP 2502247 642.73 156 100,265.88
0.62 GILD GILEAD SCIENCES INC 2369174 69.07 1,442 99,598.94
0.56 CSX CSX CORP 2160753 35.25 2,550 89,887.50
0.50 FISV FISERV INC 2342034 106.05 770 81,658.50
0.49 MRNA MODERNA INC BGSXTS3 174.07 455 79,201.85
0.47 REGN REGENERON PHARMACEUTICALS 2730190 618.11 123 76,027.53
0.47 LCID LUCID GROUP INC BP0TR77 40.03 1,886 75,496.58
0.45 ATVI ACTIVISION BLIZZARD INC 2575818 82.15 884 72,620.60
0.45 MRVL MARVELL TECHNOLOGY INC BNKJSM5 76.89 943 72,507.27
0.43 ILMN ILLUMINA INC 2613990 384.36 182 69,953.52
0.41 ADSK AUTODESK INC 2065159 254.35 264 67,148.40
0.41 VRTX VERTEX PHARM 2931034 230.84 286 66,020.24
0.40 MELI MERCADOLIBRE INC B23X1H3 1,060.94 61 64,717.34
0.40 KLAC KLA CORP 2480138 393.19 164 64,483.16
0.40 EXC EXELON CORP 2670519 56.49 1,133 64,003.17
0.39 ABNB AIRBNB INC-CLASS A BMGYYH4 154.58 410 63,377.80
0.39 NXPI NXP SEMICONDUCTORS NV B505PN7 210.95 300 63,285.00
0.39 KDP KEURIG DR PEPPER INC BD3W133 38.38 1,638 62,866.44
0.39 JD JD.COM INC-ADR BMM27D9 72.30 864 62,467.20
0.37 FTNT FORTINET INC B5B2106 307.16 197 60,510.52
0.37 PANW PALO ALTO NETWORKS INC B87ZMX0 519.61 116 60,274.76
0.37 ASML ASML HOLDING-NY B908F01 698.82 86 60,098.52
0.35 MAR MARRIOTT INTL-A 2210614 154.20 369 56,899.80
0.34 WDAY WORKDAY INC-CLASS A B8K6ZD1 249.46 220 54,881.20
0.34 KHC KRAFT HEINZ CO/THE BYRY499 37.22 1,468 54,638.96
0.33 XLNX XILINX INC 2985677 189.09 283 53,512.47
0.33 WBA WALGREENS BOOTS BTN1Y44 53.53 998 53,422.94
0.32 MNST MONSTER BEVERAGE CORP BZ07BW4 86.73 597 51,777.81
0.32 SNPS SYNOPSYS INC 2867719 312.14 165 51,503.10
0.32 AEP AMERICAN ELECTRIC POWER 2026242 90.30 566 51,109.80
0.32 CTSH COGNIZANT TECH-A 2257019 86.04 594 51,107.76
0.31 PAYX PAYCHEX INC 2674458 121.27 420 50,933.40
0.31 DXCM DEXCOM INC B0796X4 435.23 114 49,616.22
0.30 CTAS CINTAS CORP 2197137 387.84 127 49,255.68
0.30 MCHP MICROCHIP TECHNOLOGY INC 2592174 76.66 641 49,139.06
0.30 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 659.59 74 48,809.66
0.29 CDNS CADENCE DESIGN SYS INC 2302232 153.17 308 47,176.36
0.29 LULU LULULEMON ATHLETICA INC B23FN39 330.95 142 46,994.90
0.29 IDXX IDEXX LABORATORIES INC 2459202 519.13 89 46,202.57
0.28 EA ELECTRONIC ARTS INC 2310194 136.91 336 46,001.76
0.28 TEAM ATLASSIAN CORP-A BZ09BD1 293.46 156 45,779.76
0.28 EBAY EBAY INC 2293819 62.29 716 44,599.64
0.27 ZM ZOOM VIDEO COM-A BGSP7M9 157.23 281 44,181.63
0.27 BIDU BAIDU INC - SPON ADR B0FXT17 154.48 284 43,872.32
0.26 XEL XCEL ENERGY INC 2614807 68.12 628 42,779.36
0.26 ALGN ALIGN TECHNOLOGY INC 2679204 497.59 84 41,797.56
0.25 ROST ROSS STORES INC 2746711 99.03 416 41,196.48
0.25 CRWD CROWDSTRIKE HO-A BJJP138 175.71 229 40,237.59
0.24 ZS ZSCALER INC BZ00V34 253.11 155 39,232.05
0.24 MTCH MATCH GROUP INC BK80XH9 116.27 336 39,066.72
0.24 VRSK VERISK ANALYTICS INC B4P9W92 199.86 195 38,972.70
0.24 PCAR PACCAR INC 2665861 94.16 409 38,511.44
0.24 DDOG DATADOG INC - CLASS A BKT9Y49 130.91 293 38,356.63
0.23 FAST FASTENAL CO 2332262 58.02 640 37,132.80
0.23 CPRT COPART INC 2208073 131.90 279 36,800.10
0.22 NTES NETEASE INC-ADR 2606440 103.46 350 36,211.00
0.22 BIIB BIOGEN INC 2455965 230.81 155 35,775.55
0.22 DLTR DOLLAR TREE INC 2272476 131.32 268 35,193.76
0.20 PDD PINDUODUO INC-ADR BYVW0F7 64.35 514 33,075.90
0.20 OKTA OKTA INC BDFZSP1 197.42 161 31,784.62
0.19 ANSS ANSYS INC 2045623 337.10 91 30,676.10
0.19 SWKS SKYWORKS SOLUTIONS INC 2961053 145.88 205 29,905.40
0.18 VRSN VERISIGN INC 2142922 217.24 137 29,761.88
0.17 SGEN SEAGEN INC BLPK4D2 132.55 210 27,835.50
0.17 DOCU DOCUSIGN INC BFYT7B7 126.99 215 27,302.85
0.17 SIRI SIRIUS XM HOLDINGS INC BGLDK10 6.10 4,474 27,291.40
0.15 SPLK SPLUNK INC B424494 118.78 205 24,349.90
0.12 CASH 1.00 19,533 19,533.24
0.06 PTON PELOTON INTERACTIVE INC-A BJ7WJS2 31.84 325 10,348.00
-0.05 NQX US 01/21/22 C3175 150.00 -50 -7,500.00
Holdings are subject to change.

ETF Characteristics As of 01/19/22

Return on Equity 28.90%
Weighted Avg. Market Cap 1,104,670 M
2020 2021
Price-to-earnings 40.19 29.49
Price-to-book value 9.64 7.64

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.