QCLR

Nasdaq 100 Collar 95-110 ETF

Morningstar Rating™ - Overall rating out of 149 Equity Hedged funds, based on risk-adjusted returns as of 02/28/2025

Reasons to Consider QCLR

Growth Potential

QCLR enables investors to participate in the growth of the Nasdaq 100, up to approximately 10% from the selling of the call to the options' expiration in three months.

Manage Risk

QCLR’s collar strategy aims to lessen drawdowns to approximately -5% from the purchase of the put to the options’ expiration in three months.

Efficient Options Execution

QCLR buys put options and sells call options on the Nasdaq 100, saving investors the time and potential expense of doing so individually.

Key Information As of 03/31/25

Inception Date	08/25/21
Total Expense Ratio	0.25%
Net Assets	$2.20 million
NAV	$27.45
Fact Sheet	View the document

ETF Summary

The Global X Nasdaq 100 Collar 95-110 ETF (QCLR) employs a collar strategy for investors seeking range-bound equity returns. QCLR seeks to achieve this outcome by owning the stocks in the Nasdaq 100 Index (NDX), while buying 5% out-of-the-money (OTM) put options¹ on NDX, and selling 10% OTM call options on the same index.

ETF Objective

The Global X Nasdaq 100 Collar 95-110 ETF (QCLR) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Nasdaq-100 Quarterly Collar 95-110 Index.

Trading Details As of 03/31/25

Ticker	QCLR
Bloomberg Index Ticker	NQCLRI
CUSIP	37960A602
ISIN	US37960A6029
Primary Exchange	Nasdaq
Shares Outstanding	80,000
Number of Holdings	105
30-Day Median Bid-Ask Spread	0.32%

Distributions As of 03/31/25

30-Day SEC Yield	0.60%
Distribution Frequency	Semi-Annually

¹An 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 03/31/25

NAV	$27.45	Daily Change	-$0.02	-0.07%
Market Price	$27.46	Daily Change	$0.00	0.00%

As of recent month & quarter-end (03/31/25) As of recent month & quarter-end (03/31/25)	Fund NAV	Market Price	Index
1 Year	5.37%	5.64%	7.66%
3 Years	7.68%	7.61%	9.02%
Since Inception	5.46%	5.47%	6.45%
1 Year	5.37%	5.64%	7.66%
3 Years	7.68%	7.61%	9.02%
Since Inception	5.46%	5.47%	6.45%
Year-to-Date	-6.25%	-6.31%	-5.37%
1 Month	-5.08%	-4.88%	-4.26%
3 Months	-6.25%	-6.31%	-5.37%
Since Inception	21.08%	21.13%	25.22%
Year-to-Date	-6.25%	-6.31%	-5.37%
1 Month	-5.08%	-4.88%	-4.26%
3 Months	-6.25%	-6.31%	-5.37%
Since Inception	21.08%	21.13%	25.22%

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.

Nasdaq 100 Price

19,278.45

Nasdaq 100 Mini Price

192.78

Upside Cap Details

Option Positions	Notional Exposure	Strike	Upside Before Cap	Expiration Date	Calendar Days to Expiry
Short NASDAQ Call Option	-$1,927,845	21600	12.04%	06/20/2025	81
Short NASDAQ 100 Micro Call Option	-$212,063	216	12.04%	06/20/2025	81

Downside Floor Details

Option Positions	Notional Exposure	Strike	Downside Before Floor	Expiration Date	Calendar Days to Expiry
Long NASDAQ Put Option	$1,927,845	18625	-3.39%	06/20/2025	81
Long NASDAQ 100 Micro Put Option	$212,063	185	-4.04%	06/20/2025	81

Net Assets (%)	Ticker	Name	SEDOL	Market Price ($)	Shares Held	Market Value ($)
9.21	AAPL	APPLE INC	2046251	222.13	910	202,138.30
7.69	MSFT	MICROSOFT CORP	2588173	375.39	450	168,925.50
7.29	NVDA	NVIDIA CORP	2379504	108.38	1,478	160,185.64
5.55	AMZN	AMAZON.COM INC	2000019	190.26	641	121,956.66
3.58	AVGO	BROADCOM INC	BDZ78H9	167.43	470	78,692.10
3.46	META	META PLATFORMS INC	B7TL820	576.36	132	76,079.52
2.84	COST	COSTCO WHOLESALE CORP	2701271	945.78	66	62,421.48
2.72	NFLX	NETFLIX INC	2857817	932.53	64	59,681.92
2.61	TSLA	TESLA INC	B616C79	259.16	221	57,274.36
2.49	GOOGL	ALPHABET INC-CL A	BYVY8G0	154.64	353	54,587.92
2.38		NDX US 06/20/25 P18625		52,350.00	1	52,350.00
2.37	GOOG	ALPHABET INC-CL C	BYY88Y7	156.23	333	52,024.59
2.07	TMUS	T-MOBILE US INC	B94Q9V0	266.71	170	45,340.70
1.66	CSCO	CISCO SYSTEMS INC	2198163	61.71	592	36,532.32
1.48	LIN	LINDE PLC	BNZHB81	465.64	70	32,594.80
1.40	PEP	PEPSICO INC	2681511	149.94	205	30,737.70
1.29	PLTR	PALANTIR TECHN-A	BN78DQ4	84.40	335	28,274.00
1.20	ISRG	INTUITIVE SURGICAL INC	2871301	495.27	53	26,249.31
1.15	QCOM	QUALCOMM INC	2714923	153.61	165	25,345.65
1.15	INTU	INTUIT INC	2459020	613.99	41	25,173.59
1.14	ADBE	ADOBE INC	2008154	383.53	65	24,929.45
1.14	AMGN	AMGEN INC	2023607	311.55	80	24,924.00
1.13	AMD	ADVANCED MICRO DEVICES	2007849	102.74	241	24,760.34
1.11	TXN	TEXAS INSTRUMENTS INC	2885409	179.70	136	24,439.20
1.05	BKNG	BOOKING HOLDINGS INC	BDRXDB4	4,606.91	5	23,034.55
0.94	GILD	GILEAD SCIENCES INC	2369174	112.05	185	20,729.25
0.94	CMCSA	COMCAST CORP-CLASS A	2044545	36.90	561	20,700.90
0.94	HON	HONEYWELL INTL	2020459	211.75	97	20,539.75
0.85	ADP	AUTOMATIC DATA PROCESSING	2065308	305.53	61	18,637.33
0.84	VRTX	VERTEX PHARM	2931034	484.82	38	18,423.16
0.80	AMAT	APPLIED MATERIALS INC	2046552	145.12	121	17,559.52
0.76	PANW	PALO ALTO NETWORKS INC	B87ZMX0	170.64	98	16,722.72
0.76	SBUX	STARBUCKS CORP	2842255	98.09	169	16,577.21
0.71	MELI	MERCADOLIBRE INC	B23X1H3	1,950.87	8	15,606.96
0.68	ADI	ANALOG DEVICES INC	2032067	201.67	74	14,923.58
0.67	INTC	INTEL CORP	2463247	22.71	645	14,647.95
0.66	MU	MICRON TECHNOLOGY INC	2588184	86.89	166	14,423.74
0.63	LRCX	LAM RESEARCH CORP	BSML4N7	72.70	191	13,885.70
0.60	MDLZ	MONDELEZ INTER-A	B8CKK03	67.85	195	13,230.75
0.59	KLAC	KLA CORP	2480138	679.80	19	12,916.20
0.57	CTAS	CINTAS CORP	2197137	205.53	61	12,537.33
0.56	APP	APPLOVIN CORP-CLASS A	BMV3LG4	264.97	46	12,188.62
0.55	CRWD	CROWDSTRIKE HO-A	BJJP138	352.58	34	11,987.72
0.52	PDD	PDD HOLDINGS INC	BYVW0F7	118.35	97	11,479.95
0.52	ORLY	O'REILLY AUTOMOTIVE INC	B65LWX6	1,432.58	8	11,460.64
0.50	FTNT	FORTINET INC	B5B2106	96.26	114	10,973.64
0.48	DASH	DOORDASH INC - A	BN13P03	182.77	58	10,600.66
0.48	CDNS	CADENCE DESIGN SYS INC	2302232	254.33	41	10,427.53
0.46	REGN	REGENERON PHARMACEUTICALS	2730190	634.23	16	10,147.68
0.46	MSTR	MICROSTRATEGY INC-CL A	2974329	288.27	35	10,089.45
0.45	SNPS	SYNOPSYS INC	2867719	428.85	23	9,863.55
0.45	MAR	MARRIOTT INTL-A	2210614	238.20	41	9,766.20
0.43	PYPL	PAYPAL HOLDINGS INC	BYW36M8	65.25	146	9,526.50
0.43	CEG	CONSTELLATION ENERGY	BMH4FS1	201.63	47	9,476.61
0.43	ROP	ROPER TECHNOLOGIES INC	2749602	589.58	16	9,433.28
0.39	AEP	AMERICAN ELECTRIC POWER	2026242	109.27	79	8,632.33
0.39	ASML	ASML HOLDING-NY	B908F01	662.63	13	8,614.19
0.39	MNST	MONSTER BEVERAGE CORP	BZ07BW4	58.52	145	8,485.40
0.38	ADSK	AUTODESK INC	2065159	261.80	32	8,377.60
0.38	PAYX	PAYCHEX INC	2674458	154.28	54	8,331.12
0.38	CSX	CSX CORP	2160753	29.43	281	8,269.83
0.37	CPRT	COPART INC	2208073	56.59	144	8,148.96
0.36	MRVL	MARVELL TECHNOLOGY INC	BNKJSM5	61.57	129	7,942.53
0.35	CHTR	CHARTER COMMUN-A	BZ6VT82	368.53	21	7,739.13
0.35	ABNB	AIRBNB INC-CLASS A	BMGYYH4	119.46	64	7,645.44
0.35	PCAR	PACCAR INC	2665861	97.37	78	7,594.86
0.34	WDAY	WORKDAY INC-CLASS A	B8K6ZD1	233.53	32	7,472.96
0.33	NXPI	NXP SEMICONDUCTORS NV	B505PN7	190.06	38	7,222.28
0.32	KDP	KEURIG DR PEPPER INC	BD3W133	34.22	202	6,912.44
0.32	EXC	EXELON CORP	2670519	46.08	150	6,912.00
0.31	FANG	DIAMONDBACK ENERGY INC	B7Y8YR3	159.88	43	6,874.84
0.30	FAST	FASTENAL CO	2332262	77.55	86	6,669.30
0.29	BKR	BAKER HUGHES CO	BDHLTQ5	43.95	147	6,460.65
0.29	ROST	ROSS STORES INC	2746711	127.79	49	6,261.71
0.29	VRSK	VERISK ANALYTICS INC	B4P9W92	297.62	21	6,250.02
0.28	AZN	ASTRAZENECA PLC-SPONS ADR	2989044	73.50	85	6,247.50
0.27	XEL	XCEL ENERGY INC	2614807	70.79	85	6,017.15
0.27	CCEP	COCA-COLA EUROPA	BYQQ3P5	87.03	69	6,005.07
0.26	AXON	AXON ENTERPRISE INC	BDT5S35	525.95	11	5,785.45
0.26	EA	ELECTRONIC ARTS INC	2310194	144.52	39	5,636.28
0.25	CTSH	COGNIZANT TECH-A	2257019	76.50	73	5,584.50
0.25	GEHC	GE HEALTHCARE TECHNOLOGY	BL6JPG8	80.71	68	5,488.28
0.25	TTWO	TAKE-TWO INTERAC	2122117	207.25	26	5,388.50
0.24	KHC	KRAFT HEINZ CO/THE	BYRY499	30.43	176	5,355.68
0.24	ODFL	OLD DOMINION FREIGHT LINE	2656423	165.45	32	5,294.40
0.23	TEAM	ATLASSIAN CORP-CL A	BQ1PC76	212.21	24	5,093.04
0.23	IDXX	IDEXX LABORATORIES INC	2459202	419.95	12	5,039.40
0.22	CSGP	COSTAR GROUP INC	2262864	79.23	61	4,833.03
0.22	LULU	LULULEMON ATHLETICA INC	B23FN39	283.06	17	4,812.02
0.21	DDOG	DATADOG INC - CLASS A	BKT9Y49	99.21	47	4,662.87
0.21	ZS	ZSCALER INC	BZ00V34	198.42	23	4,563.66
0.20		XND US 06/20/25 P185		405.00	11	4,455.00
0.19	ANSS	ANSYS INC	2045623	316.56	13	4,115.28
0.18	DXCM	DEXCOM INC	B0796X4	68.29	58	3,960.82
0.18	MCHP	MICROCHIP TECHNOLOGY INC	2592174	48.41	80	3,872.80
0.17	WBD	WARNER BROS DISCOVERY INC	BM8JYX3	10.73	357	3,830.61
0.17	TTD	TRADE DESK INC-A	BD8FDD1	54.72	67	3,666.24
0.14	CDW	CDW CORP/DE	BBM5MD6	160.26	19	3,044.94
0.14	BIIB	BIOGEN INC	2455965	136.84	22	3,010.48
0.13	GFS	GLOBALFOUNDRIES INC	BMW7F63	36.91	80	2,952.80
0.12	ON	ON SEMICONDUCTOR	2583576	40.69	62	2,522.78
0.09	MDB	MONGODB INC	BF2FJ99	175.40	11	1,929.40
0.09	ARM	ARM HOLDINGS PLC-ADR	BNSP5P7	106.79	18	1,922.22
0.08		CASH		1.00	1,756	1,756.47
0.00		OTHER PAYABLE & RECEIVABLES		1.00	-70	-70.48
-0.04		XND US 06/20/25 C216		87.50	-11	-962.50
-0.40		NDX US 06/20/25 C21600		8,790.00	-1	-8,790.00

Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 03/31/25

Return on Equity	34.80%
Weighted Avg. Market Cap	1,113,900 M
	2024	2025
Price-to-earnings	41.60	34.76
Price-to-book value	14.30	10.48

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 03/31/25

Versus	Beta
S&P 500	0.66
NASDAQ-100	0.57
MSCI EAFE	0.46
MSCI Emg. Mkts	0.43
Standard Deviation	14.10%

Source: new windowAltaVista Research, LLC

ETF Research

ETF Documents

Latest Premium / Discount As of 03/31/25

NAV	$27.45
Market Price	$27.46
Premium / (Discount)	$0.01

Current View 2025 Q1 As of 03/31/25

Days at Premium	19
Days at NAV	0
Days at Discount	41
Greatest Premium	0.91%
Greatest Discount	-0.81%

Daily Premium / Discount History As of 03/31/25

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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.

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales load. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three- year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

As of 2/28, QCLR was rated against the following numbers of Equity Hedged funds over the following time periods: 149 during the last 3 years. With respect to these Equity Hedged funds, QCLR received a Morningstar Rating of 5 stars. Past performance is not indicative of future results.

© 2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

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

QCLR 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. QCLR 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. QCLR 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.