XRMI


S&P 500 Risk Managed Income ETF

Reasons to Consider XRMI

Alternative Income Source

XRMI seeks to generate an alternative source of income by selling covered calls.

Risk-Minded Approach

XRMI buys protective puts to mitigate the risks of a major market selloff.

Monthly Distributions

XRMI 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 $21.03 million
NAV $22.61
Fact Sheet

ETF Summary

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.

ETF Objective

The Global X S&P 500 Risk Managed Income ETF (XRMI) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P 500 Risk Managed Income Index.

Trading Details As of 07/01/22

Ticker XRMI
Bloomberg Index Ticker CLL1M
CUSIP 37960A206
ISIN US37960A2069
Primary Exchange NYSE Arca
Shares Outstanding 930,000
Number of Holdings 507
30-Day Median Bid-Ask Spread 0.38%

Distributions As of 07/01/22

30-Day SEC Yield 1.11%
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 07/01/22

NAV $22.61 Daily Change $0.07 0.30%
Market Price $22.60 Daily Change $0.05 0.24%

Performance History

As of recent
(03/31/22)
Fund NAV Market Price Index
Year-to-Date -2.86% -2.82% -2.99%
1 Month 2.39% 2.92% 2.27%
3 Months -2.86% -2.82% -2.99%
Since Inception -0.53% -0.30% -0.55%
Year-to-Date -7.40% -7.38% -7.49%
1 Month -2.28% -2.08% -2.38%
3 Months -2.39% -1.90% -2.48%
Since Inception -5.17% -4.98% -5.16%

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 07/01/22

Option Positions Notional Exposure Strike Moneyness Expiration Date Calendar Days to Expiry
Short S&P 500 Call Option -$21,039,316 3655 104.70% 07/15/2022 14
Long S&P 500 Put Option $21,039,316 3470 90.70% 07/15/2022 14
Short S&P 500 Mini Call Option -$1,032,839 366 104.50% 07/15/2022 14
Long S&P 500 Mini Put Option $1,032,839 345 90.20% 07/15/2022 14

Top Holdings As of 07/01/22

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
6.97 AAPL APPLE INC 2046251 138.93 10,546 1,465,155.78
6.33 MSFT MICROSOFT CORP 2588173 259.58 5,129 1,331,385.82
3.13 AMZN AMAZON.COM INC 2000019 109.56 6,002 657,579.12
2.13 GOOGL ALPHABET INC-CL A BYVY8G0 2,174.75 206 447,998.50
1.96 GOOG ALPHABET INC-CL C BYY88Y7 2,181.62 189 412,326.18
1.86 TSLA TESLA INC B616C79 681.79 575 392,029.25
1.64 BRK/B BERKSHIRE HATH-B 2073390 277.50 1,241 344,377.50
1.58 UNH UNITEDHEALTH GROUP INC 2917766 517.40 644 333,205.60
1.54 JNJ JOHNSON & JOHNSON 2475833 179.52 1,804 323,854.08
1.20 XOM EXXON MOBIL CORP 2326618 87.55 2,889 252,931.95
1.20 META META PLATFORMS INC B7TL820 160.03 1,573 251,727.19
1.19 NVDA NVIDIA CORP 2379504 145.23 1,717 249,359.91
1.14 PG PROCTER & GAMBLE CO/THE 2704407 146.11 1,646 240,497.06
1.07 JPM JPMORGAN CHASE & CO 2190385 113.05 1,997 225,760.85
1.06 V VISA INC-CLASS A SHARES B2PZN04 199.18 1,121 223,280.78
0.96 PFE PFIZER INC 2684703 52.31 3,848 201,288.88
0.94 CVX CHEVRON CORP 2838555 146.51 1,347 197,348.97
0.94 HD HOME DEPOT INC 2434209 279.08 707 197,309.56
0.89 ABBV ABBVIE INC B92SR70 153.80 1,212 186,405.60
0.88 MA MASTERCARD INC - A B121557 318.24 583 185,533.92
0.83 LLY ELI LILLY & CO 2516152 324.71 538 174,693.98
0.82 KO COCA-COLA CO/THE 2206657 64.38 2,676 172,280.88
0.76 PEP PEPSICO INC 2681511 169.39 938 158,887.82
0.75 MRK MERCK & CO. INC. 2778844 92.42 1,712 158,223.04
0.72 BAC BANK OF AMERICA CORP 2295677 31.56 4,816 151,992.96
0.70 VZ VERIZON COMMUNIC 2090571 51.64 2,848 147,070.72
0.70 TMO THERMO FISHER 2886907 548.27 267 146,388.09
0.70 COST COSTCO WHOLESALE CORP 2701271 485.76 301 146,213.76
0.64 AVGO BROADCOM INC BDZ78H9 477.84 280 133,795.20
0.63 ABT ABBOTT LABORATORIES 2002305 110.22 1,201 132,374.22
0.61 MCD MCDONALD'S CORP 2550707 252.96 507 128,250.72
0.59 CMCSA COMCAST CORP-CLASS A 2044545 40.02 3,073 122,981.46
0.58 CSCO CISCO SYSTEMS INC 2198163 42.22 2,866 121,002.52
0.58 ACN ACCENTURE PLC-CL A B4BNMY3 280.65 431 120,960.15
0.57 DIS WALT DISNEY CO/THE 2270726 96.14 1,236 118,829.04
0.56 WMT WALMART INC 2936921 122.63 962 117,970.06
0.56 ADBE ADOBE INC 2008154 368.48 320 117,913.60
0.55 DHR DANAHER CORP 2250870 258.05 444 114,574.20
0.54 CRM SALESFORCE INC 2310525 168.20 670 112,694.00
0.53 BMY BRISTOL-MYERS SQUIBB CO 2126335 76.84 1,461 112,263.24
0.51 NEE NEXTERA ENERGY INC 2328915 80.56 1,338 107,789.28
0.50 PM PHILIP MORRIS IN B2PKRQ3 99.72 1,055 105,204.60
0.49 WFC WELLS FARGO & CO 2649100 39.92 2,600 103,792.00
0.49 T AT&T INC 2831811 21.31 4,868 103,737.08
0.48 INTC INTEL CORP 2463247 36.34 2,770 100,661.80
0.47 LIN LINDE PLC BZ12WP8 285.44 349 99,618.56
0.47 RTX RAYTHEON TECHNOL BM5M5Y3 97.02 1,019 98,863.38
0.45 QCOM QUALCOMM INC 2714923 123.53 768 94,871.04
0.45 UNP UNION PACIFIC CORP 2914734 215.26 435 93,638.10
0.44 TXN TEXAS INSTRUMENTS INC 2885409 148.54 629 93,431.66
0.44 UPS UNITED PARCEL-B 2517382 184.99 498 92,125.02
0.43 AMGN AMGEN INC 2023607 245.55 366 89,871.30
0.42 NKE NIKE INC -CL B 2640147 101.18 870 88,026.60
0.41 IBM IBM 2005973 141.12 614 86,647.68
0.40 CVS CVS HEALTH CORP 2577609 93.94 897 84,264.18
0.40 MDT MEDTRONIC PLC BTN1Y11 91.38 918 83,886.84
0.40 SPGI S&P GLOBAL INC BYV2325 343.33 243 83,429.12
0.39 AMD ADVANCED MICRO DEVICES 2007849 73.67 1,114 82,068.39
0.39 HON HONEYWELL INTL 2020459 175.11 468 81,951.48
0.39 LOW LOWE'S COS INC 2536763 177.36 461 81,762.96
0.39 COP CONOCOPHILLIPS 2685717 90.98 889 80,881.22
0.38 ELV ELEVANCE HEALTH INC BSPHGL4 485.98 166 80,672.68
0.38 AMT AMERICAN TOWER CORP B7FBFL2 258.40 311 80,362.40
0.36 ORCL ORACLE CORP 2661568 70.87 1,080 76,539.60
0.36 INTU INTUIT INC 2459020 388.31 194 75,332.14
0.35 MS MORGAN STANLEY 2262314 76.75 970 74,447.50
0.34 LMT LOCKHEED MARTIN CORP 2522096 433.52 167 72,397.84
0.33 GS GOLDMAN SACHS GROUP INC 2407966 299.23 233 69,720.59
0.32 NOW SERVICENOW INC B80NXX8 484.36 137 66,357.32
0.32 CAT CATERPILLAR INC 2180201 178.29 371 66,145.59
0.31 SCHW SCHWAB (CHARLES) CORP 2779397 63.92 1,033 66,029.36
0.30 C CITIGROUP INC 2297907 46.87 1,361 63,790.07
0.30 SBUX STARBUCKS CORP 2842255 79.26 786 62,298.36
0.29 ADP AUTOMATIC DATA PROCESSING 2065308 213.23 289 61,623.47
0.29 PLD PROLOGIS INC B44WZD7 120.03 509 61,095.27
0.29 MDLZ MONDELEZ INTER-A B8CKK03 63.34 956 60,553.04
0.29 BLK BLACKROCK INC 2494504 616.70 98 60,436.60
0.28 CI CIGNA CORP BHJ0775 268.03 222 59,502.66
0.28 AXP AMERICAN EXPRESS CO 2026082 140.40 422 59,248.80
0.28 DE DEERE & CO 2261203 301.63 193 58,214.59
0.28 DUK DUKE ENERGY CORP B7VD3F2 109.62 531 58,208.22
0.27 CB CHUBB LTD B3BQMF6 197.92 290 57,396.80
0.27 PYPL PAYPAL HOLDINGS INC BYW36M8 71.40 801 57,191.40
0.27 ZTS ZOETIS INC B95WG16 174.21 326 56,792.46
0.26 TMUS T-MOBILE US INC B94Q9V0 136.81 404 55,271.24
0.26 NFLX NETFLIX INC 2857817 179.95 306 55,064.70
0.26 MMC MARSH & MCLENNAN COS 2567741 156.45 350 54,757.50
0.26 GILD GILEAD SCIENCES INC 2369174 62.36 865 53,941.40
0.26 SO SOUTHERN CO/THE 2829601 73.14 732 53,538.48
0.25 BA BOEING CO/THE 2108601 139.84 380 53,139.20
0.25 MO ALTRIA GROUP INC 2692632 42.25 1,252 52,897.00
0.25 AMAT APPLIED MATERIALS INC 2046552 86.27 610 52,624.70
0.25 ADI ANALOG DEVICES INC 2032067 142.91 362 51,733.42
0.24 CCI CROWN CASTLE INTL CORP BTGQCX1 172.36 297 51,190.92
0.24 ISRG INTUITIVE SURGICAL INC 2871301 206.10 248 51,112.80
0.24 CME CME GROUP INC 2965839 204.28 250 51,070.00
0.24 VRTX VERTEX PHARM 2931034 287.32 177 50,855.64
0.24 MMM 3M CO 2595708 128.49 390 50,111.10
0.24 BKNG BOOKING HOLDINGS INC BDRXDB4 1,767.98 28 49,503.44
0.23 BDX BECTON DICKINSON AND CO 2087807 251.80 195 49,101.00
0.23 NOC NORTHROP GRUMMAN CORP 2648806 486.37 100 48,637.00
0.23 GE GENERAL ELECTRIC CO BL59CR9 63.54 758 48,163.32
0.23 PGR PROGRESSIVE CORP 2705024 118.48 401 47,510.48
0.22 SYK STRYKER CORP 2853688 203.86 231 47,091.66
0.22 TGT TARGET CORP 2259101 142.38 330 46,985.40
0.22 TJX TJX COMPANIES INC 2989301 56.04 827 46,345.08
0.22 CL COLGATE-PALMOLIVE CO 2209106 81.97 558 45,739.26
0.22 D DOMINION ENERGY INC 2542049 81.24 556 45,169.44
0.21 PNC PNC FINANCIAL SE 2692665 161.30 279 45,002.70
0.21 EOG EOG RESOURCES INC 2318024 111.62 401 44,759.62
0.21 REGN REGENERON PHARMACEUTICALS 2730190 595.40 74 44,059.60
0.21 TFC TRUIST FINANCIAL CORP BKP7287 48.20 913 44,006.60
0.21 CSX CSX CORP 2160753 29.34 1,491 43,745.94
0.21 USB US BANCORP 2736035 46.59 927 43,188.93
0.21 HUM HUMANA INC 2445063 478.96 90 43,106.40
0.20 ATVI ACTIVISION BLIZZARD INC 2575818 78.57 543 42,663.51
0.20 EW EDWARDS LIFESCIENCES CORP 2567116 97.39 436 42,462.04
0.20 EQIX EQUINIX INC BVLZX12 673.03 63 42,400.89
0.20 AON AON PLC-CLASS A BLP1HW5 273.92 151 41,361.92
0.20 MU MICRON TECHNOLOGY INC 2588184 53.65 766 41,095.90
0.19 EL ESTEE LAUDER 2320524 256.52 159 40,786.68
0.19 WM WASTE MANAGEMENT INC 2937667 155.65 259 40,313.35
0.19 CHTR CHARTER COMMUN-A BZ6VT82 480.92 83 39,916.36
0.19 FIS FIDELITY NATIONA 2769796 93.58 424 39,677.92
0.18 DG DOLLAR GENERAL CORP B5B1S13 246.35 157 38,676.95
0.18 SHW SHERWIN-WILLIAMS CO/THE 2804211 235.23 163 38,342.49
0.18 LRCX LAM RESEARCH CORP 2502247 394.83 95 37,508.85
0.18 NSC NORFOLK SOUTHERN CORP 2641894 228.55 164 37,482.20
0.18 MRNA MODERNA INC BGSXTS3 149.95 249 37,337.55
0.18 FISV FISERV INC 2342034 92.58 399 36,939.42
0.18 OXY OCCIDENTAL PETROLEUM CORP 2655408 60.44 611 36,928.84
0.18 APD AIR PRODS & CHEM 2011602 242.75 152 36,898.00
0.17 FDX FEDEX CORP 2142784 223.61 164 36,672.04
0.17 PXD PIONEER NATURAL 2690830 223.94 159 35,606.46
0.17 BSX BOSTON SCIENTIFIC CORP 2113434 38.01 933 35,463.33
0.17 ICE INTERCONTINENTAL BFSSDS9 95.23 372 35,425.56
0.17 GD GENERAL DYNAMICS CORP 2365161 223.86 158 35,369.88
0.17 AEP AMERICAN ELECTRIC POWER 2026242 97.95 354 34,674.30
0.16 CNC CENTENE CORP 2807061 86.21 401 34,570.21
0.16 SLB SCHLUMBERGER LTD 2779201 35.65 969 34,544.85
0.16 SRE SEMPRA ENERGY 2138158 153.56 223 34,243.88
0.16 NEM NEWMONT CORP 2636607 61.17 558 34,132.86
0.16 ITW ILLINOIS TOOL WORKS 2457552 182.89 186 34,017.54
0.16 ETN EATON CORP PLC B8KQN82 127.37 267 34,007.79
0.16 PSA PUBLIC STORAGE 2852533 317.37 107 33,958.59
0.16 LHX L3HARRIS TECHNOLOGIES INC BK9DTN5 243.24 137 33,323.88
0.16 MPC MARATHON PETROLEUM CORP B3K3L40 84.48 392 33,116.16
0.16 EMR EMERSON ELECTRIC CO 2313405 80.36 407 32,706.52
0.16 SNPS SYNOPSYS INC 2867719 301.23 108 32,532.84
0.15 KMB KIMBERLY-CLARK CORP 2491839 136.76 237 32,412.12
0.15 GM GENERAL MOTORS CO B665KZ5 32.19 1,000 32,190.00
0.15 GIS GENERAL MILLS INC 2367026 75.79 413 31,301.27
0.15 SYY SYSCO CORP 2868165 86.32 361 31,161.52
0.15 MCO MOODY'S CORP 2252058 274.91 113 31,064.83
0.15 F FORD MOTOR CO 2615468 11.32 2,708 30,654.56
0.15 MCK MCKESSON CORP 2378534 329.53 93 30,646.29
0.14 CASH 1.00 30,251 30,250.98
0.14 AZO AUTOZONE INC 2065955 2,159.81 14 30,237.34
0.14 KLAC KLA CORP 2480138 296.26 102 30,218.52
0.14 VLO VALERO ENERGY CORP 2041364 107.98 279 30,126.42
0.14 EXC EXELON CORP 2670519 46.07 651 29,991.57
0.14 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 636.08 47 29,895.76
0.14 COF CAPITAL ONE FINA 2654461 106.82 279 29,802.78
0.14 MET METLIFE INC 2573209 63.68 465 29,611.20
0.14 ROP ROPER TECHNOLOGIES INC 2749602 400.67 73 29,248.91
0.14 IQV IQVIA HOLDINGS INC BDR73G1 215.05 135 29,031.75
0.14 AIG AMERICAN INTERNA 2027342 52.02 558 29,027.16
0.14 FCX FREEPORT-MCMORAN INC 2352118 29.20 994 29,024.80
0.14 O REALTY INCOME CORP 2724193 70.15 412 28,901.80
0.14 ADM ARCHER-DANIELS-MIDLAND CO 2047317 76.41 372 28,424.52
0.13 TRV TRAVELERS COS INC/THE 2769503 171.18 165 28,244.70
0.13 PSX PHILLIPS 66 B78C4Y8 84.37 330 27,842.10
0.13 CDNS CADENCE DESIGN SYS INC 2302232 149.64 186 27,833.04
0.13 ECL ECOLAB INC 2304227 157.67 175 27,592.25
0.13 STZ CONSTELLATION-A 2170473 235.43 116 27,309.88
0.13 ADSK AUTODESK INC 2065159 173.86 156 27,122.16
0.13 XEL XCEL ENERGY INC 2614807 72.63 372 27,018.36
0.13 FTNT FORTINET INC B5B2106 57.37 465 26,677.05
0.13 PAYX PAYCHEX INC 2674458 116.36 228 26,530.08
0.12 CMG CHIPOTLE MEXICAN B0X7DZ3 1,306.80 20 26,136.00
0.12 WMB WILLIAMS COS INC 2967181 31.29 835 26,127.15
0.12 HCA HCA HEALTHCARE INC B4MGBG6 175.06 149 26,083.94
0.12 APH AMPHENOL CORP-CL A 2145084 63.75 409 26,073.75
0.12 NXPI NXP SEMICONDUCTORS NV B505PN7 146.09 178 26,004.02
0.12 MAR MARRIOTT INTL-A 2210614 139.18 186 25,887.48
0.12 WELL WELLTOWER INC BYVYHH4 83.21 311 25,878.31
0.12 SBAC SBA COMMUNICATIONS CORP BZ6TS23 330.46 78 25,775.88
0.12 PRU PRUDENTIAL FINANCIAL INC 2819118 97.42 263 25,621.46
0.12 TEL TE CONNECTIVITY LTD B62B7C3 111.00 230 25,530.00
0.12 CTSH COGNIZANT TECH-A 2257019 68.03 374 25,443.22
0.12 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 210.08 120 25,209.60
0.12 CTVA CORTEVA INC BK73B42 54.12 465 25,165.80
0.12 AJG ARTHUR J GALLAGHER & CO 2359506 164.63 151 24,859.13
0.12 ED CONSOLIDATED EDISON INC 2216850 97.24 254 24,698.96
0.12 A AGILENT TECHNOLOGIES INC 2520153 119.21 206 24,557.26
0.12 DVN DEVON ENERGY CORP 2480677 55.11 445 24,523.95
0.12 DLR DIGITAL REALTY TRUST INC B03GQS4 131.58 186 24,473.88
0.12 ALL ALLSTATE CORP 2019952 130.70 186 24,310.20
0.12 DLTR DOLLAR TREE INC 2272476 156.27 155 24,221.85
0.12 HPQ HP INC BYX4D52 31.87 758 24,157.46
0.12 MNST MONSTER BEVERAGE CORP BZ07BW4 94.59 255 24,120.45
0.11 DOW DOW INC BHXCF84 51.69 465 24,035.85
0.11 BAX BAXTER INTERNATIONAL INC 2085102 65.49 357 23,379.93
0.11 SPX US 07/15/22 P3470 425.00 55 23,375.00
0.11 EA ELECTRONIC ARTS INC 2310194 122.73 186 22,827.78
0.11 JCI JOHNSON CONTROLS BY7QL61 48.48 465 22,543.20
0.11 SPG SIMON PROPERTY GROUP INC 2812452 95.68 234 22,389.12
0.11 KR KROGER CO 2497406 48.14 465 22,385.10
0.11 PEG PUB SERV ENTERP 2707677 64.67 343 22,181.81
0.11 WEC WEC ENERGY GROUP INC BYY8XK8 102.58 216 22,157.28
0.10 PH PARKER HANNIFIN CORP 2671501 249.06 88 21,917.28
0.10 MSCI MSCI INC B2972D2 417.72 52 21,721.44
0.10 YUM YUM! BRANDS INC 2098876 116.71 186 21,708.06
0.10 WBD WARNER BROS DISCOVERY INC BM8JYX3 14.25 1,514 21,574.50
0.10 ES EVERSOURCE ENERGY BVVN4Q8 87.15 247 21,526.05
0.10 CTAS CINTAS CORP 2197137 376.71 57 21,472.47
0.10 ILMN ILLUMINA INC 2613990 191.04 111 21,205.44
0.10 TT TRANE TECHNOLOGIES PLC BK9ZQ96 131.37 161 21,150.57
0.10 HLT HILTON WORLDWIDE BYVMW06 112.99 186 21,016.14
0.10 PCAR PACCAR INC 2665861 82.89 253 20,971.17
0.10 AFL AFLAC INC 2026361 56.24 372 20,921.28
0.10 KMI KINDER MORGAN INC B3NQ4P8 16.98 1,231 20,902.38
0.10 MCHP MICROCHIP TECHNOLOGY INC 2592174 56.16 372 20,891.52
0.10 IFF INTL FLAVORS & FRAGRANCES 2464165 119.26 174 20,751.24
0.10 GPN GLOBAL PAYMENTS INC 2712013 110.93 186 20,632.98
0.10 BK BANK NY MELLON B1Z77F6 42.42 485 20,573.70
0.10 HSY HERSHEY CO/THE 2422806 221.00 93 20,553.00
0.10 RSG REPUBLIC SERVICES INC 2262530 133.04 153 20,355.12
0.10 VICI VICI PROPERTIES INC BYWH073 30.72 660 20,275.20
0.10 CARR CARRIER GLOBAL CORP BK4N0D7 36.00 560 20,160.00
0.10 PPG PPG INDUSTRIES INC 2698470 117.86 171 20,154.06
0.10 AWK AMERICAN WATER W B2R3PV1 153.43 131 20,099.33
0.10 IDXX IDEXX LABORATORIES INC 2459202 358.44 56 20,072.64
0.10 RMD RESMED INC 2732903 215.72 93 20,061.96
0.10 OTIS OTIS WORLDWIDE CORP BK531S8 71.90 279 20,060.10
0.10 TDG TRANSDIGM GROUP INC B11FJK3 541.69 37 20,042.53
0.10 DD DUPONT DE NEMOURS INC BK0VN47 54.75 363 19,874.25
0.09 NUE NUCOR CORP 2651086 105.64 186 19,649.04
0.09 HES HESS CORP 2023748 105.39 186 19,602.54
0.09 BIIB BIOGEN INC 2455965 210.63 93 19,588.59
0.09 TROW T ROWE PRICE GROUP INC 2702337 115.31 167 19,256.77
0.09 FRC FIRST REPUBLIC BANK/CA B4WHY15 147.38 130 19,159.40
0.09 AME AMETEK INC 2089212 111.46 170 18,948.20
0.09 VRSK VERISK ANALYTICS INC B4P9W92 175.30 108 18,932.40
0.09 DXCM DEXCOM INC B0796X4 77.63 243 18,864.09
0.09 BKR BAKER HUGHES CO BDHLTQ5 29.09 642 18,675.78
0.09 TWTR TWITTER INC BFLR866 38.23 487 18,618.01
0.09 MTD METTLER-TOLEDO 2126249 1,161.85 16 18,589.60
0.09 FAST FASTENAL CO 2332262 49.74 372 18,503.28
0.09 ROST ROSS STORES INC 2746711 71.38 259 18,487.42
0.09 CBRE CBRE GROUP INC - A B6WVMH3 75.69 243 18,392.67
0.09 ODFL OLD DOMINION FREIGHT LINE 2656423 261.01 70 18,270.70
0.09 AVB AVALONBAY COMMUNITIES INC 2131179 196.25 93 18,251.25
0.09 EQR EQUITY RESIDENTIAL 2319157 72.93 250 18,232.50
0.09 KDP KEURIG DR PEPPER INC BD3W133 36.07 505 18,215.35
0.09 DTE DTE ENERGY COMPANY 2280220 129.16 141 18,211.56
0.09 ENPH ENPHASE ENERGY INC B65SQW4 195.72 93 18,201.96
0.09 DFS DISCOVER FINANCI B1YLC43 97.69 186 18,170.34
0.09 CMI CUMMINS INC 2240202 194.11 93 18,052.23
0.09 MTB M & T BANK CORP 2340168 159.71 113 18,047.23
0.09 WBA WALGREENS BOOTS BTN1Y44 38.56 465 17,930.40
0.08 KHC KRAFT HEINZ CO/THE BYRY499 38.64 455 17,581.20
0.08 HAL HALLIBURTON CO 2405302 31.43 559 17,569.37
0.08 ALB ALBEMARLE CORP 2046853 205.15 85 17,437.75
0.08 EIX EDISON INTERNATIONAL 2829515 63.75 269 17,148.75
0.08 AEE AMEREN CORPORATION 2050832 92.19 186 17,147.34
0.08 APTV APTIV PLC B783TY6 91.45 186 17,009.70
0.08 CHD CHURCH & DWIGHT CO INC 2195841 94.25 180 16,965.00
0.08 ETR ENTERGY CORP 2317087 115.30 147 16,949.10
0.08 ROK ROCKWELL AUTOMATION INC 2754060 198.71 85 16,890.35
0.08 KEYS KEYSIGHT TECHNOLOGIES IN BQZJ0Q9 136.15 124 16,882.60
0.08 EBAY EBAY INC 2293819 42.89 393 16,855.77
0.08 SIVB SVB FINANCIAL GROUP 2808053 400.67 42 16,828.14
0.08 TSCO TRACTOR SUPPLY COMPANY 2900335 196.31 84 16,490.04
0.08 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 87.66 186 16,304.76
0.08 EXR EXTRA SPACE STORAGE INC B02HWR9 174.38 93 16,217.34
0.08 CPRT COPART INC 2208073 110.17 147 16,194.99
0.08 AMP AMERIPRISE FINANCIAL INC B0J7D57 237.97 68 16,181.96
0.08 EFX EQUIFAX INC 2319146 186.55 86 16,043.30
0.08 STT STATE STREET CORP 2842040 63.38 252 15,971.76
0.08 TSN TYSON FOODS INC-CL A 2909730 85.25 186 15,856.50
0.08 OKE ONEOK INC 2130109 56.75 279 15,833.25
0.08 WY WEYERHAEUSER CO 2958936 33.98 465 15,800.70
0.08 FITB FIFTH THIRD BANCORP 2336747 33.84 465 15,735.60
0.07 BALL BALL CORP 2073022 70.93 219 15,533.67
0.07 ZBH ZIMMER BIOMET HO 2783815 107.27 144 15,446.88
0.07 MKC MCCORMICK-N/V 2550161 82.67 186 15,376.62
0.07 DHI DR HORTON INC 2250687 70.09 219 15,349.71
0.07 WAT WATERS CORP 2937689 336.89 45 15,160.05
0.07 FANG DIAMONDBACK ENERGY INC B7Y8YR3 121.21 125 15,151.25
0.07 IT GARTNER INC 2372763 244.28 62 15,145.36
0.07 DRE DUKE REALTY CORP 2284084 56.20 269 15,117.80
0.07 TTWO TAKE-TWO INTERAC 2122117 124.86 121 15,108.06
0.07 WST WEST PHARMACEUT 2950482 307.74 49 15,079.26
0.07 HIG HARTFORD FINL SV 2476193 66.24 225 14,904.00
0.07 GLW CORNING INC 2224701 31.91 466 14,870.06
0.07 GWW WW GRAINGER INC 2380863 461.31 32 14,761.92
0.07 MAA MID-AMERICA APAR 2589132 175.45 84 14,737.80
0.07 FE FIRSTENERGY CORP 2100920 39.33 372 14,630.76
0.07 CDW CDW CORP/DE BBM5MD6 157.00 93 14,601.00
0.07 WTW WILLIS TOWERS WATSON PLC BDB6Q21 199.44 73 14,559.12
0.07 ANET ARISTA NETWORKS INC BN33VM5 93.41 155 14,478.55
0.07 CTRA COTERRA ENERGY INC 2162340 26.33 539 14,191.87
0.07 VTR VENTAS INC 2927925 52.74 269 14,187.06
0.07 NTRS NORTHERN TRUST CORP 2648668 97.72 143 13,973.96
0.07 ON ON SEMICONDUCTOR 2583576 46.84 298 13,958.32
0.07 LEN LENNAR CORP-A 2511920 74.60 186 13,875.60
0.07 ARE ALEXANDRIA REAL 2009210 148.13 93 13,776.09
0.07 LH LABORATORY CP 2586122 240.94 57 13,733.58
0.07 CF CF INDUSTRIES HO B0G4K50 85.28 161 13,730.08
0.07 LUV SOUTHWEST AIRLINES CO 2831543 36.73 372 13,663.56
0.06 FTV FORTIVE CORP BYT3MK1 54.87 246 13,498.02
0.06 URI UNITED RENTALS INC 2134781 244.36 55 13,439.80
0.06 ULTA ULTA BEAUTY INC B28TS42 382.85 35 13,399.75
0.06 CLX CLOROX COMPANY 2204026 143.90 93 13,382.70
0.06 K KELLOGG CO 2486813 71.78 186 13,351.08
0.06 ABC AMERISOURCEBERGEN CORP 2795393 143.14 93 13,312.02
0.06 MTCH MATCH GROUP INC BK80XH9 71.49 186 13,297.14
0.06 VMC VULCAN MATERIALS CO 2931205 142.47 93 13,249.71
0.06 NDAQ NASDAQ INC 2965107 155.59 85 13,225.15
0.06 CTLT CATALENT INC BP96PQ4 107.02 123 13,163.46
0.06 HOLX HOLOGIC INC 2433530 70.14 186 13,046.04
0.06 ANSS ANSYS INC 2045623 240.19 54 12,970.26
0.06 PPL PPL CORP 2680905 27.76 465 12,908.40
0.06 CMS CMS ENERGY CORP 2219224 69.03 186 12,839.58
0.06 ESS ESSEX PROPERTY TRUST INC 2316619 266.73 48 12,803.04
0.06 EPAM EPAM SYSTEMS INC B44Z3T8 302.12 42 12,689.04
0.06 STE STERIS PLC BFY8C75 210.96 60 12,657.60
0.06 DGX QUEST DIAGNOSTICS INC 2702791 136.02 93 12,649.86
0.06 ALGN ALIGN TECHNOLOGY INC 2679204 247.34 51 12,614.34
0.06 PFG PRINCIPAL FINANCIAL GROUP 2803014 67.77 186 12,605.22
0.06 MLM MARTIN MARIETTA MATERIALS 2572079 296.05 42 12,434.10
0.06 EVRG EVERGY INC BFMXGR0 66.81 186 12,426.66
0.06 GPC GENUINE PARTS CO 2367480 133.35 93 12,401.55
0.06 BR BROADRIDGE FINL B1VP7R6 146.42 84 12,299.28
0.06 CEG CONSTELLATION ENERGY BMH4FS1 57.60 212 12,211.21
0.06 TDY TELEDYNE TECHNOLOGIES INC 2503477 379.63 32 12,148.16
0.06 FLT FLEETCOR TECHNOLOGIES INC B4R28B3 213.89 56 11,977.84
0.06 PKI PERKINELMER INC 2305844 144.07 83 11,957.81
0.06 AMCR AMCOR PLC BJ1F307 12.53 952 11,928.56
0.06 RJF RAYMOND JAMES 2718992 89.09 133 11,848.97
0.06 IR INGERSOLL-RAND INC BL5GZ82 42.30 279 11,801.70
0.06 WAB WABTEC CORP 2955733 83.10 142 11,800.20
0.06 J JACOBS ENGIN GRP 2469052 126.40 93 11,755.20
0.06 PWR QUANTA SERVICES INC 2150204 126.14 93 11,731.02
0.06 IP INTERNATIONAL PAPER CO 2465254 41.98 279 11,712.42
0.06 DAL DELTA AIR LINES INC B1W9D46 29.52 394 11,630.88
0.05 CNP CENTERPOINT ENERGY INC 2440637 30.50 374 11,407.00
0.05 DOV DOVER CORP 2278407 122.41 93 11,384.13
0.05 MOS MOSAIC CO/THE B3NPHP6 46.92 241 11,307.72
0.05 HBAN HUNTINGTON BANCSHARES INC 2445966 12.10 931 11,265.10
0.05 EXPD EXPEDITORS INTL WASH INC 2325507 97.58 115 11,221.70
0.05 CINF CINCINNATI FINANCIAL CORP 2196888 120.36 93 11,193.48
0.05 LNT ALLIANT ENERGY CORP 2973821 60.07 186 11,173.02
0.05 RF REGIONS FINANCIAL CORP B01R311 19.03 580 11,037.40
0.05 MRO MARATHON OIL CORP 2910970 22.55 486 10,959.30
0.05 MPWR MONOLITHIC POWER B01Z7J1 364.95 30 10,948.50
0.05 HPE HEWLETT PACKA BYVYWS0 12.96 838 10,860.48
0.05 BRO BROWN & BROWN INC 2692687 59.33 183 10,857.39
0.05 TRMB TRIMBLE INC 2903958 57.99 186 10,786.14
0.05 ZBRA ZEBRA TECH CORP 2989356 299.34 36 10,776.24
0.05 ATO ATMOS ENERGY CORP 2315359 115.15 93 10,708.95
0.05 SYF SYNCHRONY FINANCIAL BP96PS6 28.59 372 10,635.48
0.05 DRI DARDEN RESTAURANTS INC 2289874 114.35 93 10,634.55
0.05 COO COOPER COS INC/THE 2222631 318.51 33 10,510.83
0.05 SEDG SOLAREDGE TECHNO BWC52Q6 276.30 38 10,499.40
0.05 PKG PACKAGING CORP OF AMERICA 2504566 138.75 74 10,267.50
0.05 FDS FACTSET RESEARCH 2329770 394.20 26 10,249.20
0.05 KEY KEYCORP 2490911 17.50 580 10,150.00
0.05 CFG CITIZENS FINANCIAL GROUP BQRX1X3 36.12 281 10,149.72
0.05 INCY INCYTE CORP 2471950 77.67 129 10,019.43
0.05 FMC FMC CORP 2328603 107.50 93 9,997.50
0.05 SWK STANLEY BLACK & B3Q2FJ4 107.29 93 9,977.97
0.05 PTC PTC INC B95N910 107.00 93 9,951.00
0.05 VRSN VERISIGN INC 2142922 170.81 58 9,906.98
0.05 PEAK HEALTHPEAK PROPERTIES INC BJBLRK3 26.58 372 9,887.76
0.05 CAH CARDINAL HEALTH INC 2175672 53.10 186 9,876.60
0.05 SJM JM SMUCKER CO/THE 2951452 131.19 75 9,839.25
0.05 DPZ DOMINO'S PIZZA INC B01SD70 403.61 24 9,686.64
0.05 XYL XYLEM INC B3P2CN8 78.75 123 9,686.25
0.05 CAG CONAGRA BRANDS INC 2215460 34.56 280 9,676.80
0.05 MOH MOLINA HEALTHCARE INC 2212706 282.90 34 9,618.60
0.05 PAYC PAYCOM SOFTWARE INC BL95MY0 291.17 33 9,608.61
0.05 CE CELANESE CORP B05MZT4 115.72 83 9,604.76
0.05 AES AES CORP 2002479 21.48 447 9,601.56
0.05 MAS MASCO CORP 2570200 51.61 186 9,599.46
0.05 WRB WR BERKLEY CORP 2093644 69.36 138 9,571.68
0.05 TECH BIO-TECHNE CORP BSHZ3Q0 353.18 27 9,535.86
0.05 LDOS LEIDOS HOLDINGS INC BDV82B8 102.45 93 9,527.85
0.05 POOL POOL CORP 2781585 351.92 27 9,501.84
0.05 CHRW CH ROBINSON 2116228 102.06 93 9,491.58
0.05 PARA PARAMOUNT GLOBAL-CLASS B BKTNTR9 25.21 372 9,378.12
0.04 GNRC GENERAC HOLDINGS INC B6197Q2 217.51 43 9,352.93
0.04 STX SEAGATE TECHNOLO BKVD2N4 69.09 135 9,327.15
0.04 LKQ LKQ CORP 2971029 49.54 186 9,214.44
0.04 JKHY JACK HENRY 2469193 184.27 50 9,213.50
0.04 IRM IRON MOUNTAIN INC BVFTF03 49.33 186 9,175.38
0.04 GRMN GARMIN LTD B3Z5T14 98.49 93 9,159.57
0.04 BBY BEST BUY CO INC 2094670 66.77 137 9,147.49
0.04 CPT CAMDEN PROPERTY TRUST 2166320 136.06 67 9,116.02
0.04 CTXS CITRIX SYSTEMS INC 2182553 97.93 93 9,107.49
0.04 EXPE EXPEDIA GROUP INC B748CK2 96.40 93 8,965.20
0.04 BF/B BROWN-FORMAN CORP-CLASS B 2146838 71.57 125 8,946.25
0.04 CBOE CBOE GLOBAL MARKETS INC B5834C5 114.68 78 8,945.04
0.04 HRL HORMEL FOODS CORP 2437264 47.72 186 8,875.92
0.04 HWM HOWMET AEROSPACE INC BKLJ8V2 31.80 279 8,872.20
0.04 UDR UDR INC 2727910 46.46 186 8,641.56
0.04 KMX CARMAX INC 2983563 92.67 93 8,618.31
0.04 AKAM AKAMAI TECHNOLOGIES INC 2507457 92.12 93 8,567.16
0.04 BIO BIO-RAD LABORATORIES-A 2098508 502.34 17 8,539.78
0.04 SWKS SKYWORKS SOLUTIONS INC 2961053 91.12 93 8,474.16
0.04 BXP BOSTON PROPERTIES INC 2019479 90.60 93 8,425.80
0.04 NI NISOURCE INC 2645409 30.05 279 8,383.95
0.04 MGM MGM RESORTS INTERNATIONAL 2547419 30.00 279 8,370.00
0.04 NVR NVR INC 2637785 4,168.91 2 8,337.82
0.04 NLOK NORTONLIFELOCK INC BJN4XN5 22.28 372 8,288.16
0.04 EMN EASTMAN CHEMICAL CO 2298386 88.95 93 8,272.35
0.04 IEX IDEX CORP 2456612 183.66 45 8,264.70
0.04 VFC VF CORP 2928683 44.13 186 8,208.18
0.04 VTRS VIATRIS INC BMWS3X9 10.71 766 8,203.86
0.04 TFX TELEFLEX INC 2881407 255.09 32 8,162.88
0.04 NTAP NETAPP INC 2630643 62.78 130 8,161.40
0.04 WDC WESTERN DIGITAL CORP 2954699 43.42 186 8,076.12
0.04 TYL TYLER TECHNOLOGIES INC 2909644 333.88 24 8,013.12
0.04 L LOEWS CORP 2523022 60.15 133 7,999.95
0.04 JBHT HUNT (JB) TRANS 2445416 159.87 50 7,993.50
0.04 TER TERADYNE INC 2884183 85.80 93 7,979.40
0.04 SBNY SIGNATURE BANK B00JQL9 184.12 43 7,917.16
0.04 AVY AVERY DENNISON CORP 2066408 164.44 48 7,893.12
0.04 ABMD ABIOMED INC 2003698 254.56 31 7,891.36
0.04 PHM PULTEGROUP INC 2708841 42.22 186 7,852.92
0.04 TXT TEXTRON INC 2885937 61.11 128 7,822.08
0.04 APA APA CORP BNNF1C1 35.35 220 7,777.00
0.04 IPG INTERPUBLIC GRP 2466321 27.81 279 7,758.99
0.04 LYV LIVE NATION ENTE B0T7YX2 83.06 93 7,724.58
0.04 QRVO QORVO INC BR9YYP4 92.47 83 7,675.01
0.04 RE EVEREST RE GROUP LTD 2556868 283.78 27 7,662.06
0.04 HAS HASBRO INC 2414580 81.35 93 7,565.55
0.04 KIM KIMCO REALTY CORP 2491594 20.21 373 7,538.33
0.04 WRK WESTROCK CO BYR0914 40.13 186 7,464.18
0.04 WHR WHIRLPOOL CORP 2960384 157.59 47 7,406.73
0.04 OMC OMNICOM GROUP 2279303 64.31 115 7,395.65
0.04 HST HOST HOTELS & RESORTS INC 2567503 15.71 465 7,305.15
0.04 ALLE ALLEGION PLC BFRT3W7 99.61 73 7,271.53
0.03 NRG NRG ENERGY INC 2212922 38.84 186 7,224.24
0.03 HSIC HENRY SCHEIN INC 2416962 77.11 93 7,171.23
0.03 SNA SNAP-ON INC 2818740 198.24 36 7,136.64
0.03 RHI ROBERT HALF INTL INC 2110703 75.40 93 7,012.20
0.03 PNW PINNACLE WEST CAPITAL 2048804 74.68 93 6,945.24
0.03 ETSY ETSY INC BWTN5N1 79.81 87 6,943.47
0.03 CMA COMERICA INC 2212870 74.28 93 6,908.04
0.03 UAL UNITED AIRLINES B4QG225 36.44 186 6,777.84
0.03 LUMN LUMEN TECHNOLOGIES INC BMDH249 11.14 603 6,717.42
0.03 MKTX MARKETAXESS HOLDINGS INC B03Q9D0 257.77 26 6,702.02
0.03 CPB CAMPBELL SOUP CO 2162845 48.49 138 6,691.62
0.03 LW LAMB WESTON HOLDINGS INC BDQZFJ3 71.66 93 6,664.38
0.03 LVS LAS VEGAS SANDS CORP B02T2J7 35.28 187 6,597.36
0.03 RCL ROYAL CARIBBEAN 2754907 35.29 182 6,422.78
0.03 OGN ORGANON & CO BLDC8J4 34.25 186 6,370.50
0.03 BWA BORGWARNER INC 2111955 34.07 186 6,337.02
0.03 GL GLOBE LIFE INC BK6YKG1 100.34 63 6,321.42
0.03 ROL ROLLINS INC 2747305 35.00 176 6,160.00
0.03 FOXA FOX CORP - CLASS A BJJMGL2 33.07 186 6,151.02
0.03 FRT FEDERAL REALTY INVS TRUST BN7P9B2 97.56 62 6,048.72
0.03 HII HUNTINGTON INGAL B40SSC9 220.96 27 5,965.92
0.03 FBHS FORTUNE BRANDS H B3MC7D6 61.71 93 5,739.03
0.03 TPR TAPESTRY INC BF09HX3 30.82 186 5,732.52
0.03 NDSN NORDSON CORP 2641838 202.64 28 5,673.92
0.03 REG REGENCY CENTERS CORP 2726177 60.40 93 5,617.20
0.03 DXC DXC TECHNOLOGY CO BYXD7B3 29.94 186 5,568.84
0.03 CRL CHARLES RIVER LA 2604336 218.83 25 5,470.75
0.03 WYNN WYNN RESORTS LTD 2963811 58.18 93 5,410.74
0.03 JNPR JUNIPER NETWORKS INC 2431846 28.22 186 5,248.92
0.03 NWL NEWELL BRANDS INC 2635701 19.51 269 5,248.19
0.03 AOS SMITH (A.O.) CORP 2816023 56.03 93 5,210.79
0.03 AAP ADVANCE AUTO PARTS INC 2822019 173.64 30 5,209.20
0.03 BBWI BATH & BODY WORKS INC BNNTGJ5 27.88 186 5,185.68
0.03 AAL AMERICAN AIRLINE BCV7KT2 13.13 394 5,173.22
0.03 TAP MOLSON COORS-B B067BM3 55.62 93 5,172.66
0.02 NLSN NIELSEN HOLDINGS PLC BWFY550 23.62 208 4,912.96
0.02 UHS UNIVERSAL HLTH-B 2923785 105.97 46 4,874.62
0.02 SEE SEALED AIR CORP 2232793 59.10 81 4,787.10
0.02 ZION ZIONS BANCORP NA 2989828 51.38 93 4,778.34
0.02 FFIV F5 INC 2427599 153.34 29 4,446.86
0.02 CDAY CERIDIAN HCM HOLDING INC BFX1V56 47.60 93 4,426.80
0.02 LNC LINCOLN NATIONAL CORP 2516378 47.59 93 4,425.87
0.02 NWSA NEWS CORP - CLASS A BBGVT40 15.75 279 4,394.25
0.02 BEN FRANKLIN RESOURCES INC 2350684 23.58 186 4,385.88
0.02 AIZ ASSURANT INC 2331430 175.00 25 4,375.00
0.02 PNR PENTAIR PLC BLS09M3 46.47 93 4,321.71
0.02 CCL CARNIVAL CORP 2523044 8.82 487 4,295.34
0.02 XRAY DENTSPLY SIRONA INC BYNPPC6 36.20 115 4,163.00
0.02 CZR CAESARS ENTERTAINMENT INC BMWWGB0 38.53 104 4,007.12
0.02 ALK ALASKA AIR GROUP INC 2012605 41.17 93 3,828.81
0.02 DISH DISH NETWORK CORP-A 2303581 18.37 186 3,416.82
0.02 IVZ INVESCO LTD B28XP76 16.42 186 3,054.12
0.01 MHK MOHAWK INDUSTRIES INC 2598699 128.97 23 2,966.31
0.01 NCLH NORWEGIAN CRUISE B9CGTC3 11.33 261 2,957.13
0.01 PENN PENN NATIONAL GAMING INC 2682105 31.46 93 2,925.78
0.01 FOX FOX CORP - CLASS B BJJMGY5 30.59 93 2,844.87
0.01 RL RALPH LAUREN CORP B4V9661 90.70 31 2,811.70
0.01 VNO VORNADO REALTY TRUST 2933632 29.47 93 2,740.71
0.01 PVH PVH CORP B3V9F12 56.80 46 2,612.80
0.01 DVA DAVITA INC 2898087 83.11 24 1,994.64
0.01 NWS NEWS CORP - CLASS B BBGVT51 16.10 93 1,497.30
0.01 XSP US 07/15/22 P345 40.50 27 1,093.50
-0.24 XSP US 07/15/22 C366 1,872.00 -27 -50,544.00
-4.97 SPX US 07/15/22 C3655 19,020.00 -55 -1,046,100.00
Holdings are subject to change.

ETF Characteristics As of 07/01/22

Return on Equity 20.30%
Weighted Avg. Market Cap 518,105 M
2021 2022
Price-to-earnings 18.47 16.70
Price-to-book value 3.66 3.17

Source: AltaVista Research, LLC

ETF Research

Investing involves risk, including the possible loss of principal. Concentration in a particular industry or sector will subject XRMI to loss due to adverse occurrences that may affect that industry or sector. Investors in XRMI should be willing to accept a high degree of volatility in the price of the fund’s shares and the possibility of significant losses.

XRMI 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. XRMI writes covered call index options on the and purchases put options on S&P 500 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 S&P 500 Index if the put options become in the money (S&P 500 closes below the strike price as of the expiration date); but during periods where the S&P 500 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.

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 S&P or Cboe, nor do these entities 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 these entities.

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