XRMI seeks to generate an alternative source of income by selling covered calls.
XRMI buys protective puts to mitigate the risks of a major market selloff.
XRMI has made monthly distributions 3 years running.
Key Information |
The Global X S&P 500 Risk Managed Income ETF (XRMI) 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. XRMI seeks to achieve this outcome by owning the stocks in the S&P 500 Index (SPX), while buying 5% out-of-the-money put options2 on SPX and selling at-the-money call options on the same index.
Trading Details |
Distributions |
Taxes |
NAV | Daily Change | |||
Market Price | Daily Change |
Fund NAV | Market Price | Index | |
---|---|---|---|
Options Details |
Net Assets (%) | Ticker | Name | SEDOL | Shares Held | Market Value |
---|---|---|---|---|---|
Exposure |
ETF Characteristics |
ETF Risk Stats |
NAV | $17.90 | Daily Change | $0.02 | 0.11% |
Market Price | $17.87 | Daily Change | -$0.01 | -0.06% |
* The financial statements include the Fund’s disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.
** The financial statements include the Fund’s disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.
Return on Equity | 19.60% | |
Weighted Avg. Market Cap | 1,101,540 M | |
2024 | 2025 | |
Price-to-earnings | 25.89 | 23.20 |
Price-to-book value | 4.88 | 4.24 |
Option Positions | Notional Exposure | Strike | Upside Before Cap | Expiration Date | Calendar Days to Expiry |
---|---|---|---|---|---|
Short S&P 500 Mini Call Option | -$565,142 | 597 | 0.00% | Jul 18 2025 | 15 |
Short S&P 500 Call Option | -$48,350,996 | 5970 | 0.00% | Jul 18 2025 | 15 |
Option Positions | Notional Exposure | Strike | Downside Before Floor | Expiration Date | Calendar Days to Expiry |
---|---|---|---|---|---|
Long S&P 500 Put Option | $48,350,996 | 5670 | -9.70% | Jul 18 2025 | 15 |
Long S&P 500 Mini Put Option | $565,142 | 567 | -9.70% | Jul 18 2025 | 15 |
VERSUS | BETA |
---|---|
S&P 500 | 0.30 |
NASDAQ-100 | 0.23 |
MSCI EAFE | 0.23 |
MSCI Emg. Mkts | 0.17 |
Standard Deviation | 6.10% |
As of recent month & quarter-end (Jun 30 2025) | Fund NAV | Market Price | Index |
---|---|---|---|
1 Year | 7.15% | 7.08% | 7.93% |
3 Years | 4.37% | 4.40% | 5.13% |
Since Inception | 1.03% | 1.07% | 1.65% |
Net Assets (%) | Ticker | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
---|---|---|---|---|---|---|
7.70 | NVDA | NVIDIA CORP | 2379504 | 159.34 | 22,475 | 3,581,166.50 |
7.34 | MSFT | MICROSOFT CORP | 2588173 | 498.84 | 6,850 | 3,417,054.00 |
6.32 | AAPL | APPLE INC | 2046251 | 213.55 | 13,762 | 2,938,875.10 |
4.18 | AMZN | AMAZON.COM INC | 2000019 | 223.41 | 8,701 | 1,943,890.41 |
3.09 | META | META PLATFORMS INC | B7TL820 | 719.01 | 1,998 | 1,436,581.98 |
2.56 | AVGO | BROADCOM INC | BDZ78H9 | 275.18 | 4,325 | 1,190,153.50 |
2.07 | GOOGL | ALPHABET INC-CL A | BYVY8G0 | 179.53 | 5,351 | 960,665.03 |
1.76 | BRK/B | BERKSHIRE HATH-B | 2073390 | 485.00 | 1,685 | 817,225.00 |
1.75 | TSLA | TESLA INC | B616C79 | 315.35 | 2,576 | 812,341.60 |
1.67 | GOOG | ALPHABET INC-CL C | BYY88Y7 | 180.55 | 4,313 | 778,712.15 |
Holdings are subject to change. "Cash" denotes U.S. dollars.