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 |
VERSUS | BETA |
---|---|
S&P 500 | 0.30 |
NASDAQ-100 | 0.23 |
MSCI EAFE | 0.23 |
MSCI Emg. Mkts | 0.17 |
Standard Deviation | 6.10% |
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 |
* 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.
NAV | $17.90 | Daily Change | $0.02 | 0.11% |
Market Price | $17.87 | Daily Change | -$0.01 | -0.06% |
Net Assets (%) | Ticker | Name | SEDOL | Market Price ($) | 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 |
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% |
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.