QCLR


Nasdaq 100 Collar 95-110 ETF

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 12/01/23

Inception Date 08/25/21
Total Expense Ratio 0.25%
Net Assets $2.28 million
NAV $25.36
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 11/30/23

Ticker QCLR
Bloomberg Index Ticker NQCLRI
CUSIP 37960A602
ISIN US37960A6029
Primary Exchange Nasdaq
Shares Outstanding 90,000
Number of Holdings 105
30-Day Median Bid-Ask Spread 0.32%

Distributions As of 12/01/23

30-Day SEC Yield 0.65%
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 12/01/23

NAV $25.36 Daily Change $0.08 0.32%
Market Price $25.34 Daily Change $0.08 0.32%

Performance History

As of recent
(09/30/23)
As of recent
(09/30/23)
Fund NAV Market Price Index
1 Year 9.63% 10.09% 9.54%
Since Inception -1.76% -1.78% -1.27%
1 Year 12.00% 12.16% 11.68%
Since Inception 0.91% 0.87% 1.36%
Year-to-Date 14.80% 15.53% 14.44%
1 Month -3.95% -4.06% -3.72%
3 Months -2.49% -2.65% -2.36%
Since Inception -3.66% -3.70% -2.64%
Year-to-Date 21.64% 22.36% 21.20%
1 Month 7.71% 7.72% 7.68%
3 Months 1.77% 1.61% 1.97%
Since Inception 2.07% 1.99% 3.11%

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 11/30/23

Nasdaq 100 Price 15,947.90 Nasdaq 100 Mini Price 3,189.57

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short NASDAQ Call Option -$1,594,787 16750 5.03% 12/15/2023 15
Short NASDAQ 100 Reduced Value Call Option -$637,915 3350 5.03% 12/15/2023 15

Downside Floor Details

Option Positions Notional Exposure Strike Downside Before Floor Expiration Date Calendar Days to Expiry
Long NASDAQ Put Option $1,594,787 14475 -9.24% 12/15/2023 15
Long NASDAQ 100 Reduced Value Put Option $637,915 2890 -9.39% 12/15/2023 15

Top Holdings As of 12/01/23

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
11.10 AAPL APPLE INC 2046251 191.24 1,324 253,201.76
10.32 MSFT MICROSOFT CORP 2588173 374.51 629 235,566.79
5.64 AMZN AMAZON.COM INC 2000019 147.03 876 128,798.28
4.30 NVDA NVIDIA CORP 2379504 467.65 210 98,206.50
3.74 META META PLATFORMS INC B7TL820 324.82 263 85,427.66
3.06 AVGO BROADCOM INC BDZ78H9 930.00 75 69,750.00
2.91 GOOGL ALPHABET INC-CL A BYVY8G0 131.86 504 66,457.44
2.87 GOOG ALPHABET INC-CL C BYY88Y7 133.32 492 65,593.44
2.82 TSLA TESLA INC B616C79 238.83 269 64,245.27
2.23 ADBE ADOBE INC 2008154 612.47 83 50,835.01
2.09 COST COSTCO WHOLESALE CORP 2701271 596.25 80 47,700.00
1.85 PEP PEPSICO INC 2681511 168.69 250 42,172.50
1.65 NFLX NETFLIX INC 2857817 465.74 81 37,724.94
1.58 CSCO CISCO SYSTEMS INC 2198163 48.47 742 35,964.74
1.57 AMD ADVANCED MICRO DEVICES 2007849 121.39 295 35,810.05
1.47 INTC INTEL CORP 2463247 43.74 765 33,461.10
1.43 TMUS T-MOBILE US INC B94Q9V0 152.25 214 32,581.50
1.39 CMCSA COMCAST CORP-CLASS A 2044545 42.21 749 31,615.29
1.28 INTU INTUIT INC 2459020 574.32 51 29,290.32
1.16 AMGN AMGEN INC 2023607 272.45 97 26,427.65
1.15 QCOM QUALCOMM INC 2714923 129.67 203 26,323.01
1.13 TXN TEXAS INSTRUMENTS INC 2885409 155.21 166 25,764.86
1.05 HON HONEYWELL INTL 2020459 197.78 121 23,931.38
1.01 AMAT APPLIED MATERIALS INC 2046552 151.59 152 23,041.68
0.90 SBUX STARBUCKS CORP 2842255 99.20 208 20,633.60
0.88 ISRG INTUITIVE SURGICAL INC 2871301 315.20 64 20,172.80
0.83 BKNG BOOKING HOLDINGS INC BDRXDB4 3,159.56 6 18,957.36
0.77 GILD GILEAD SCIENCES INC 2369174 77.65 227 17,626.55
0.77 MDLZ MONDELEZ INTER-A B8CKK03 70.82 247 17,492.54
0.77 ADP AUTOMATIC DATA PROCESSING 2065308 232.94 75 17,470.50
0.76 LRCX LAM RESEARCH CORP 2502247 722.08 24 17,329.92
0.75 PDD PDD HOLDINGS INC BYVW0F7 145.27 118 17,141.86
0.73 ADI ANALOG DEVICES INC 2032067 183.07 91 16,659.37
0.73 PANW PALO ALTO NETWORKS INC B87ZMX0 296.16 56 16,584.96
0.72 VRTX VERTEX PHARM 2931034 351.16 47 16,504.52
0.68 REGN REGENERON PHARMACEUTICALS 2730190 814.86 19 15,482.34
0.67 SNPS SYNOPSYS INC 2867719 545.96 28 15,286.88
0.67 MU MICRON TECHNOLOGY INC 2588184 75.93 201 15,261.93
0.65 MELI MERCADOLIBRE INC B23X1H3 1,652.01 9 14,868.09
0.60 KLAC KLA CORP 2480138 549.00 25 13,725.00
0.58 CDNS CADENCE DESIGN SYS INC 2302232 270.35 49 13,247.15
0.53 CSX CSX CORP 2160753 33.40 364 12,157.60
0.52 PYPL PAYPAL HOLDINGS INC BYW36M8 59.65 200 11,930.00
0.50 MAR MARRIOTT INTL-A 2210614 209.28 54 11,301.12
0.48 CHTR CHARTER COMMUN-A BZ6VT82 401.87 27 10,850.49
0.47 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 980.52 11 10,785.72
0.47 MNST MONSTER BEVERAGE CORP BZ07BW4 55.22 192 10,602.24
0.46 ASML ASML HOLDING-NY B908F01 692.20 15 10,383.00
0.45 WDAY WORKDAY INC-CLASS A B8K6ZD1 272.92 38 10,370.96
0.45 LULU LULULEMON ATHLETICA INC B23FN39 466.61 22 10,265.42
0.44 ABNB AIRBNB INC-CLASS A BMGYYH4 135.02 75 10,126.50
0.44 CTAS CINTAS CORP 2197137 558.25 18 10,048.50
0.42 NXPI NXP SEMICONDUCTORS NV B505PN7 205.68 47 9,666.96
0.41 CRWD CROWDSTRIKE HO-A BJJP138 235.03 40 9,401.20
0.39 PCAR PACCAR INC 2665861 93.18 95 8,852.10
0.38 CPRT COPART INC 2208073 50.13 175 8,772.75
0.38 ADSK AUTODESK INC 2065159 224.93 39 8,772.27
0.37 MCHP MICROCHIP TECHNOLOGY INC 2592174 84.66 100 8,466.00
0.37 MRVL MARVELL TECHNOLOGY INC BNKJSM5 52.80 158 8,342.40
0.36 DXCM DEXCOM INC B0796X4 116.62 71 8,280.02
0.36 KDP KEURIG DR PEPPER INC BD3W133 32.17 257 8,267.69
0.36 PAYX PAYCHEX INC 2674458 123.92 66 8,178.72
0.36 ROST ROSS STORES INC 2746711 131.81 62 8,171.91
0.36 ODFL OLD DOMINION FREIGHT LINE 2656423 405.74 20 8,114.80
0.35 KHC KRAFT HEINZ CO/THE BYRY499 35.52 224 7,956.48
0.34 AEP AMERICAN ELECTRIC POWER 2026242 80.51 95 7,648.45
0.33 FTNT FORTINET INC B5B2106 52.49 144 7,558.56
0.32 IDXX IDEXX LABORATORIES INC 2459202 482.60 15 7,239.00
0.32 SGEN SEAGEN INC BLPK4D2 212.72 34 7,232.48
0.31 EXC EXELON CORP 2670519 38.99 182 7,096.18
0.31 CEG CONSTELLATION ENERGY BMH4FS1 119.88 59 7,072.92
0.30 EA ELECTRONIC ARTS INC 2310194 137.76 50 6,888.00
0.30 AZN ASTRAZENECA PLC-SPONS ADR 2989044 64.79 105 6,802.95
0.29 CTSH COGNIZANT TECH-A 2257019 70.82 93 6,586.26
0.28 DDOG DATADOG INC - CLASS A BKT9Y49 118.62 54 6,405.48
0.28 CSGP COSTAR GROUP INC 2262864 85.28 75 6,396.00
0.28 FAST FASTENAL CO 2332262 60.82 104 6,325.28
0.28 VRSK VERISK ANALYTICS INC B4P9W92 242.73 26 6,310.98
0.28 BKR BAKER HUGHES CO BDHLTQ5 33.79 186 6,284.94
0.27 XEL XCEL ENERGY INC 2614807 61.43 101 6,204.43
0.27 BIIB BIOGEN INC 2455965 234.64 26 6,100.64
0.26 ON ON SEMICONDUCTOR 2583576 74.18 79 5,860.22
0.25 TTD TRADE DESK INC-A BD8FDD1 71.60 81 5,799.60
0.25 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 69.41 83 5,761.03
0.24 MRNA MODERNA INC BGSXTS3 79.83 69 5,508.27
0.24 TEAM ATLASSIAN CORP-CL A BQ1PC76 195.11 28 5,463.08
0.24 GFS GLOBALFOUNDRIES INC BMW7F63 53.63 100 5,363.00
0.23 DLTR DOLLAR TREE INC 2272476 126.15 41 5,172.15
0.23 ZS ZSCALER INC BZ00V34 198.03 26 5,148.78
0.22 WBD WARNER BROS DISCOVERY INC BM8JYX3 11.33 445 5,041.85
0.22 FANG DIAMONDBACK ENERGY INC B7Y8YR3 154.27 32 4,936.64
0.19 ANSS ANSYS INC 2045623 295.48 15 4,432.20
0.18 EBAY EBAY INC 2293819 41.73 97 4,047.81
0.16 CASH 1.00 3,655 3,654.86
0.15 SIRI SIRIUS XM HOLDINGS INC BGLDK10 4.88 707 3,450.16
0.14 WBA WALGREENS BOOTS BTN1Y44 20.79 158 3,284.82
0.14 ZM ZOOM VIDEO COM-A BGSP7M9 70.29 46 3,233.34
0.14 ILMN ILLUMINA INC 2613990 109.79 29 3,183.91
0.13 ALGN ALIGN TECHNOLOGY INC 2679204 220.45 13 2,865.85
0.12 ENPH ENPHASE ENERGY INC B65SQW4 106.52 25 2,663.00
0.10 JD JD.COM INC-ADR BMM27D9 27.16 83 2,254.28
0.08 LCID LUCID GROUP INC BP0TR77 4.33 412 1,783.96
0.07 OTHER PAYABLE & RECEIVABLES 1.00 1,495 1,495.42
0.02 NDX US 12/15/23 P14475 535.00 1 535.00
0.02 NQX US 12/15/23 P2890 168.14 2 336.28
-0.03 NQX US 12/15/23 C3350 290.00 -2 -580.00
-0.06 NDX US 12/15/23 C16750 1,295.00 -1 -1,295.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 11/30/23

Return on Equity 26.50%
Weighted Avg. Market Cap 897,395 M
2022 2023
Price-to-earnings 29.40 26.58
Price-to-book value 7.36 6.74

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 10/31/23

Versus Beta
S&P 500 0.55
NASDAQ-100 0.50
MSCI EAFE 0.41
MSCI Emg. Mkts 0.36
Standard Deviation 13.40%

Source: new windowAltaVista Research, LLC

ETF Research

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.