United States

XRMI

S&P 500 Risk Managed Income ETF

Overview Prices & Performance Holdings & Characteristics Research Documents

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%

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.

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

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

The Case for Risk Managed Income ETFs

Global X Income Outlook

Latest Premium / Discount As of 07/01/22

NAV	$22.61
Market Price	$22.60
Premium / (Discount)	($0.02)

Current View 2022 Q3 As of 07/01/22

Days at Premium	0
Days at NAV	0
Days at Discount	1
Greatest Premium	0.00%
Greatest Discount	-0.08%

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 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.