QCLR


Nasdaq 100 Collar 95-110 ETF

Morningstar Rating™ - Overall rating out of 149 Options Trading funds, based on risk-adjusted returns as of 10/31/2024

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

By employing a collar strategy, QCLR aims to lessen drawdowns to approximately -5% from the purchase of the put to the options’ expiration in three months, potentially reducing systematic risk and equity volatility within a strategic allocation.

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 12/10/24

Inception Date 08/25/21
Total Expense Ratio 0.26%
Net Assets $1.91 million
NAV $31.76
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 12/10/24

Ticker QCLR
Bloomberg Index Ticker NQCLRI
CUSIP 37960A602
ISIN US37960A6029
Primary Exchange Nasdaq
Shares Outstanding 60,000
Number of Holdings 103
30-Day Median Bid-Ask Spread 0.32%

Distributions As of 12/10/24

30-Day SEC Yield 0.59%
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 12/10/24

NAV $31.76 Daily Change -$0.33 -1.03%
Market Price $31.94 Daily Change -$0.09 -0.28%

Performance History

As of recent
(09/30/24)
As of recent
(09/30/24)
Fund NAV Market Price Index
1 Year 27.60% 27.74% 29.54%
3 Years 7.96% 7.89% 8.86%
Since Inception 6.88% 6.91% 7.77%
1 Year 25.09% 25.19% 26.85%
3 Years 7.27% 7.19% 8.19%
Since Inception 7.76% 7.76% 8.56%
Year-to-Date 14.53% 14.51% 16.19%
1 Month 1.58% 1.68% 1.58%
3 Months 0.63% 0.67% 0.70%
Since Inception 22.93% 23.01% 26.11%
Year-to-Date 18.95% 18.86% 20.50%
1 Month 4.52% 4.28% 4.04%
3 Months 5.51% 5.54% 5.34%
Since Inception 27.68% 27.68% 30.79%

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.

Options Details As of 12/10/24

Nasdaq 100 Price 21,368.18 Nasdaq 100 Mini Price 213.68

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short NASDAQ 100 Micro Call Option -$1,923,136 217 1.55% 12/20/2024 10

Downside Floor Details

Option Positions Notional Exposure Strike Downside Before Floor Expiration Date Calendar Days to Expiry
Long NASDAQ 100 Micro Put Option $1,923,136 185 -13.42% 12/20/2024 10

Top Holdings As of 12/10/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
9.06 AAPL APPLE INC 2046251 247.77 697 172,695.69
7.97 NVDA NVIDIA CORP 2379504 135.07 1,125 151,953.75
7.93 MSFT MICROSOFT CORP 2588173 443.33 341 151,175.53
5.68 AMZN AMAZON.COM INC 2000019 225.04 481 108,244.24
5.17 META META PLATFORMS INC B7TL820 619.32 159 98,471.88
4.95 AVGO BROADCOM INC BDZ78H9 171.81 549 94,323.69
4.67 TSLA TESLA INC B616C79 400.99 222 89,019.78
2.76 COST COSTCO WHOLESALE CORP 2701271 993.40 53 52,650.20
2.61 GOOGL ALPHABET INC-CL A BYVY8G0 185.17 269 49,810.73
2.51 GOOG ALPHABET INC-CL C BYY88Y7 186.53 256 47,751.68
2.44 NFLX NETFLIX INC 2857817 913.35 51 46,580.85
1.69 TMUS T-MOBILE US INC B94Q9V0 233.50 138 32,223.00
1.49 ADBE ADOBE INC 2008154 547.05 52 28,446.60
1.48 CSCO CISCO SYSTEMS INC 2198163 58.72 479 28,126.88
1.37 PEP PEPSICO INC 2681511 159.84 163 26,053.92
1.31 LIN LINDE PLC BNZHB81 444.81 56 24,909.36
1.29 AMD ADVANCED MICRO DEVICES 2007849 127.74 192 24,526.08
1.19 ISRG INTUITIVE SURGICAL INC 2871301 538.09 42 22,599.78
1.12 INTU INTUIT INC 2459020 647.07 33 21,353.31
1.09 BKNG BOOKING HOLDINGS INC BDRXDB4 5,185.33 4 20,741.32
1.08 QCOM QUALCOMM INC 2714923 156.46 132 20,652.72
1.08 TXN TEXAS INSTRUMENTS INC 2885409 190.18 108 20,539.44
0.95 CMCSA COMCAST CORP-CLASS A 2044545 39.53 458 18,104.74
0.93 AMGN AMGEN INC 2023607 275.75 64 17,648.00
0.93 HON HONEYWELL INTL 2020459 229.08 77 17,639.16
0.86 AMAT APPLIED MATERIALS INC 2046552 168.17 97 16,312.49
0.78 PANW PALO ALTO NETWORKS INC B87ZMX0 389.76 38 14,810.88
0.76 VRTX VERTEX PHARM 2931034 469.22 31 14,545.82
0.76 ADP AUTOMATIC DATA PROCESSING 2065308 302.23 48 14,507.04
0.71 GILD GILEAD SCIENCES INC 2369174 92.34 147 13,573.98
0.70 SBUX STARBUCKS CORP 2842255 98.16 136 13,349.76
0.67 MU MICRON TECHNOLOGY INC 2588184 98.10 131 12,851.10
0.67 ADI ANALOG DEVICES INC 2032067 215.61 59 12,720.99
0.61 LRCX LAM RESEARCH CORP BSML4N7 74.90 154 11,534.60
0.59 MELI MERCADOLIBRE INC B23X1H3 1,879.18 6 11,275.08
0.59 APP APPLOVIN CORP-CLASS A BMV3LG4 321.06 35 11,237.10
0.57 MRVL MARVELL TECHNOLOGY INC BNKJSM5 106.68 102 10,881.36
0.56 PYPL PAYPAL HOLDINGS INC BYW36M8 88.76 121 10,739.96
0.54 KLAC KLA CORP 2480138 641.87 16 10,269.92
0.53 INTC INTEL CORP 2463247 20.16 505 10,180.80
0.53 REGN REGENERON PHARMACEUTICALS 2730190 778.50 13 10,120.50
0.53 CTAS CINTAS CORP 2197137 210.14 48 10,086.72
0.52 MDLZ MONDELEZ INTER-A B8CKK03 61.75 159 9,818.25
0.51 CDNS CADENCE DESIGN SYS INC 2302232 302.86 32 9,691.52
0.50 MAR MARRIOTT INTL-A 2210614 287.67 33 9,493.11
0.49 CRWD CROWDSTRIKE HO-A BJJP138 346.78 27 9,362.93
0.48 SNPS SYNOPSYS INC 2867719 505.32 18 9,095.76
0.47 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,266.35 7 8,864.45
0.46 FTNT FORTINET INC B5B2106 97.13 90 8,741.70
0.45 CEG CONSTELLATION ENERGY BMH4FS1 232.34 37 8,596.58
0.43 PDD PDD HOLDINGS INC BYVW0F7 104.49 79 8,254.71
0.41 CSX CSX CORP 2160753 34.17 230 7,859.10
0.41 DASH DOORDASH INC - A BN13P03 173.90 45 7,825.50
0.41 ASML ASML HOLDING-NY B908F01 705.27 11 7,757.97
0.40 ADSK AUTODESK INC 2065159 303.99 25 7,599.75
0.38 ABNB AIRBNB INC-CLASS A BMGYYH4 138.30 52 7,191.60
0.38 PCAR PACCAR INC 2665861 115.37 62 7,152.94
0.38 ROP ROPER TECHNOLOGIES INC 2749602 549.47 13 7,143.11
0.37 TTD TRADE DESK INC-A BD8FDD1 132.66 53 7,030.98
0.37 CPRT COPART INC 2208073 61.52 113 6,951.76
0.36 WDAY WORKDAY INC-CLASS A B8K6ZD1 270.88 25 6,772.00
0.34 NXPI NXP SEMICONDUCTORS NV B505PN7 217.94 30 6,538.20
0.34 CHTR CHARTER COMMUN-A BZ6VT82 377.96 17 6,425.32
0.32 MNST MONSTER BEVERAGE CORP BZ07BW4 53.01 115 6,096.15
0.32 ROST ROSS STORES INC 2746711 155.77 39 6,075.03
0.31 AEP AMERICAN ELECTRIC POWER 2026242 95.10 63 5,991.30
0.31 PAYX PAYCHEX INC 2674458 142.39 42 5,980.38
0.30 FANG DIAMONDBACK ENERGY INC B7Y8YR3 163.15 35 5,710.25
0.29 DDOG DATADOG INC - CLASS A BKT9Y49 154.91 36 5,576.76
0.29 LULU LULULEMON ATHLETICA INC B23FN39 397.10 14 5,559.40
0.28 KDP KEURIG DR PEPPER INC BD3W133 33.52 160 5,363.20
0.28 FAST FASTENAL CO 2332262 79.77 67 5,344.59
0.28 ODFL OLD DOMINION FREIGHT LINE 2656423 205.09 26 5,332.34
0.27 EA ELECTRONIC ARTS INC 2310194 165.30 31 5,124.30
0.27 TEAM ATLASSIAN CORP-CL A BQ1PC76 266.45 19 5,062.55
0.26 VRSK VERISK ANALYTICS INC B4P9W92 286.68 17 4,873.56
0.25 BKR BAKER HUGHES CO BDHLTQ5 41.21 116 4,780.36
0.24 CTSH COGNIZANT TECH-A 2257019 80.06 58 4,643.48
0.24 AZN ASTRAZENECA PLC-SPONS ADR 2989044 67.18 68 4,568.24
0.24 XEL XCEL ENERGY INC 2614807 69.15 66 4,563.90
0.24 KHC KRAFT HEINZ CO/THE BYRY499 31.59 142 4,485.78
0.23 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 82.36 54 4,447.44
0.23 IDXX IDEXX LABORATORIES INC 2459202 444.72 10 4,447.20
0.23 EXC EXELON CORP 2670519 37.32 119 4,441.08
0.23 CCEP COCA-COLA EUROPA BYQQ3P5 79.24 54 4,278.96
0.21 MCHP MICROCHIP TECHNOLOGY INC 2592174 61.92 63 3,900.96
0.20 DXCM DEXCOM INC B0796X4 79.41 47 3,732.27
0.20 TTWO TAKE-TWO INTERAC 2122117 185.36 20 3,707.20
0.19 CSGP COSTAR GROUP INC 2262864 76.43 48 3,668.64
0.19 ZS ZSCALER INC BZ00V34 201.39 18 3,625.02
0.18 ANSS ANSYS INC 2045623 339.70 10 3,397.00
0.17 ON ON SEMICONDUCTOR 2583576 66.34 50 3,317.00
0.16 WBD WARNER BROS DISCOVERY INC BM8JYX3 10.89 284 3,092.76
0.15 CDW CDW CORP/DE BBM5MD6 179.01 16 2,864.16
0.15 SMCI SUPER MICRO COMPUTER INC BRC3N73 40.54 70 2,837.80
0.15 GFS GLOBALFOUNDRIES INC BMW7F63 44.20 64 2,828.80
0.14 ILMN ILLUMINA INC 2613990 148.53 18 2,673.54
0.14 BIIB BIOGEN INC 2455965 156.32 17 2,657.44
0.14 MDB MONGODB INC BF2FJ99 290.90 9 2,618.10
0.10 ARM ARM HOLDINGS PLC-ADR BNSP5P7 137.29 14 1,922.06
0.10 MRNA MODERNA INC BGSXTS3 41.51 45 1,867.95
0.06 OTHER PAYABLE & RECEIVABLES 1.00 1,187 1,186.60
0.06 CASH 1.00 1,149 1,148.89
0.06 XND US 12/20/24 P185 12.65 90 1,138.50
-1.19 XND US 12/20/24 C217 252.50 -90 -22,725.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 12/10/24

Return on Equity 21.90%
Weighted Avg. Market Cap 1,058,820 M
2023 2024
Price-to-earnings 37.12 32.33
Price-to-book value 7.79 6.51

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 11/30/24

Versus Beta
S&P 500 0.64
NASDAQ-100 0.57
MSCI EAFE 0.46
MSCI Emg. Mkts 0.43
Standard Deviation 13.60%

Source: new windowAltaVista Research, LLC

ETF Research

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 10/31, QCLR was rated against the following numbers of Options Trading funds over the following time periods: 149 during the last 3 years. With respect to these Options Trading funds, QCLR received a Morningstar Rating of 4 stars, respectively. Past performance is not indicative of future results.

© 2024 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.