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 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%

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.

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

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

Income Outlook: Q4 2022 – Upward Rate Volatility Signals Potential Fed Hiking Pause in 2023

Global X Income Outlook

Using Options Strategies in a Rising Rate Environment

Latest Premium / Discount As of 02/02/23

NAV	$18.10
Market Price	$18.04
Premium / (Discount)	($0.06)

Current View 2023 Q1 As of 02/02/23

Days at Premium	12
Days at NAV	0
Days at Discount	10
Greatest Premium	1.09%
Greatest Discount	-0.32%

Daily Premium / Discount History As of 02/02/23

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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.