United States

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 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%

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.

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

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

The Case for Risk Managed Income ETFs

Global X Income Outlook

Latest Premium / Discount As of 07/01/22

NAV	$19.52
Market Price	$19.54
Premium / (Discount)	$0.02

Current View 2022 Q3 As of 07/01/22

Days at Premium	1
Days at NAV	0
Days at Discount	0
Greatest Premium	0.09%
Greatest Discount	0.00%

Daily Premium / Discount History As of 07/01/22

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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.