QRMI

Nasdaq 100 Risk Managed Income ETF

Overview Prices & Performance Holdings & Characteristics Research Documents

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%

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.

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

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

The Case for Risk Managed Income ETFs

Latest Premium / Discount As of 01/19/22

NAV	$22.50
Market Price	$22.54
Premium / (Discount)	$0.04

Current View 2022 Q1 As of 01/19/22

Days at Premium	10
Days at NAV	0
Days at Discount	2
Greatest Premium	0.21%
Greatest Discount	-0.03%

Daily Premium / Discount History As of 01/19/22

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How can the Fund trade at a premium/discount to its NAV?

The primary explanation is that timing discrepancies can arise between the NAV and the trading price of the Fund. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

What causes these time discrepancies?

Close of Trading Times. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.

Time of Last Trade. Trading of Global X funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade - from which the closing price is determined - may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to deviate from the closing price.

International Holdings. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.

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.