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 03/28/24

Inception Date 08/25/21
Total Expense Ratio 0.26%
Net Assets $2.55 million
NAV $28.36
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 03/27/24

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 03/28/24

30-Day SEC Yield 0.58%
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 03/28/24

NAV $28.36 Daily Change -$0.03 -0.11%
Market Price $28.30 Daily Change -$0.06 -0.21%

Performance History

As of recent
(12/31/23)
As of recent
(12/31/23)
Fund NAV Market Price Index
1 Year 27.91% 28.87% 27.59%
Since Inception 3.06% 3.09% 3.55%
1 Year 27.59% 28.03% 27.73%
Since Inception 5.22% 5.25% 5.81%
Year-to-Date 27.91% 28.87% 27.59%
1 Month 5.16% 5.32% 5.27%
3 Months 11.41% 11.55% 11.49%
Since Inception 7.34% 7.42% 8.54%
Year-to-Date 5.89% 5.88% 6.19%
1 Month 4.39% 4.74% 4.69%
3 Months 11.35% 11.52% 11.79%
Since Inception 13.66% 13.74% 15.26%

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 03/28/24

Nasdaq 100 Price 18,254.70 Nasdaq 100 Mini Price 3,650.94

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short NASDAQ Call Option -$1,825,469 19700 7.92% 06/21/2024 85
Short NASDAQ 100 Reduced Value Call Option -$365,094 3900 6.82% 06/21/2024 85

Downside Floor Details

Option Positions Notional Exposure Strike Downside Before Floor Expiration Date Calendar Days to Expiry
Long NASDAQ Put Option $1,825,469 16975 -7.01% 06/21/2024 85
Long NASDAQ 100 Reduced Value Put Option $365,094 3400 -6.87% 06/21/2024 85

Top Holdings As of 03/28/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
8.74 MSFT MICROSOFT CORP 2588173 420.72 530 222,981.60
7.41 AAPL APPLE INC 2046251 171.48 1,102 188,970.96
6.30 NVDA NVIDIA CORP 2379504 903.56 178 160,833.68
5.24 AMZN AMAZON.COM INC 2000019 180.38 741 133,661.58
4.76 META META PLATFORMS INC B7TL820 485.58 250 121,395.00
4.41 AVGO BROADCOM INC BDZ78H9 1,325.41 85 112,659.85
2.48 GOOGL ALPHABET INC-CL A BYVY8G0 150.93 420 63,390.60
2.42 GOOG ALPHABET INC-CL C BYY88Y7 152.26 405 61,665.30
2.37 TSLA TESLA INC B616C79 175.79 344 60,471.76
2.35 COST COSTCO WHOLESALE CORP 2701271 732.63 82 60,075.66
2.11 AMD ADVANCED MICRO DEVICES 2007849 180.49 298 53,786.02
1.90 NFLX NETFLIX INC 2857817 607.33 80 48,586.40
1.74 PEP PEPSICO INC 2681511 175.01 253 44,277.53
1.64 ADBE ADOBE INC 2008154 504.60 83 41,881.80
1.62 LIN LINDE PLC BNZHB81 464.32 89 41,324.48
1.46 CSCO CISCO SYSTEMS INC 2198163 49.91 746 37,232.86
1.40 TMUS T-MOBILE US INC B94Q9V0 163.22 219 35,745.18
1.37 QCOM QUALCOMM INC 2714923 169.30 206 34,875.80
1.35 INTC INTEL CORP 2463247 44.17 779 34,408.43
1.32 INTU INTUIT INC 2459020 650.00 52 33,800.00
1.24 CMCSA COMCAST CORP-CLASS A 2044545 43.35 730 31,645.50
1.24 AMAT APPLIED MATERIALS INC 2046552 206.23 153 31,553.19
1.14 TXN TEXAS INSTRUMENTS INC 2885409 174.21 167 29,093.07
1.10 AMGN AMGEN INC 2023607 284.32 99 28,147.68
1.02 ISRG INTUITIVE SURGICAL INC 2871301 399.09 65 25,940.85
0.97 HON HONEYWELL INTL 2020459 205.25 120 24,630.00
0.94 MU MICRON TECHNOLOGY INC 2588184 117.89 203 23,931.67
0.91 LRCX LAM RESEARCH CORP 2502247 971.57 24 23,317.68
0.85 BKNG BOOKING HOLDINGS INC BDRXDB4 3,627.88 6 21,767.28
0.79 VRTX VERTEX PHARM 2931034 418.01 48 20,064.48
0.75 REGN REGENERON PHARMACEUTICALS 2730190 962.49 20 19,249.80
0.75 SBUX STARBUCKS CORP 2842255 91.39 208 19,009.12
0.74 ADP AUTOMATIC DATA PROCESSING 2065308 249.74 76 18,980.24
0.71 ADI ANALOG DEVICES INC 2032067 197.79 91 17,998.89
0.68 KLAC KLA CORP 2480138 698.57 25 17,464.25
0.68 MDLZ MONDELEZ INTER-A B8CKK03 70.00 248 17,360.00
0.66 GILD GILEAD SCIENCES INC 2369174 73.25 229 16,774.25
0.66 PANW PALO ALTO NETWORKS INC B87ZMX0 284.13 59 16,763.67
0.65 NDX US 06/21/24 P16975 16,670.00 1 16,670.00
0.63 SNPS SYNOPSYS INC 2867719 571.50 28 16,002.00
0.62 CDNS CADENCE DESIGN SYS INC 2302232 311.28 51 15,875.28
0.61 ASML ASML HOLDING-NY B908F01 970.47 16 15,527.52
0.56 PDD PDD HOLDINGS INC BYVW0F7 116.25 123 14,298.75
0.54 CRWD CROWDSTRIKE HO-A BJJP138 320.59 43 13,785.37
0.54 ABNB AIRBNB INC-CLASS A BMGYYH4 164.96 83 13,691.68
0.53 MELI MERCADOLIBRE INC B23X1H3 1,511.96 9 13,607.64
0.53 CSX CSX CORP 2160753 37.07 364 13,493.48
0.53 PYPL PAYPAL HOLDINGS INC BYW36M8 66.99 200 13,398.00
0.52 MAR MARRIOTT INTL-A 2210614 252.31 53 13,372.43
0.51 CTAS CINTAS CORP 2197137 687.03 19 13,053.57
0.49 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,128.88 11 12,417.68
0.47 PCAR PACCAR INC 2665861 123.89 96 11,893.44
0.46 NXPI NXP SEMICONDUCTORS NV B505PN7 247.77 47 11,645.19
0.45 MNST MONSTER BEVERAGE CORP BZ07BW4 59.28 192 11,381.76
0.44 ROP ROPER TECHNOLOGIES INC 2749602 560.84 20 11,216.80
0.44 MRVL MARVELL TECHNOLOGY INC BNKJSM5 70.88 158 11,199.04
0.43 CEG CONSTELLATION ENERGY BMH4FS1 184.85 59 10,906.15
0.41 WDAY WORKDAY INC-CLASS A B8K6ZD1 272.75 38 10,364.50
0.40 ADSK AUTODESK INC 2065159 260.42 39 10,156.38
0.40 CPRT COPART INC 2208073 57.92 175 10,136.00
0.39 DXCM DEXCOM INC B0796X4 138.70 71 9,847.70
0.39 FTNT FORTINET INC B5B2106 68.31 144 9,836.64
0.38 DASH DOORDASH INC - A BN13P03 137.72 71 9,778.12
0.36 ROST ROSS STORES INC 2746711 146.76 62 9,099.12
0.35 MCHP MICROCHIP TECHNOLOGY INC 2592174 89.71 100 8,971.00
0.34 ODFL OLD DOMINION FREIGHT LINE 2656423 219.31 40 8,772.40
0.34 AEP AMERICAN ELECTRIC POWER 2026242 86.10 100 8,610.00
0.34 LULU LULULEMON ATHLETICA INC B23FN39 390.65 22 8,594.30
0.32 KHC KRAFT HEINZ CO/THE BYRY499 36.90 224 8,265.60
0.32 CHTR CHARTER COMMUN-A BZ6VT82 290.63 28 8,137.64
0.32 PAYX PAYCHEX INC 2674458 122.80 66 8,104.80
0.32 IDXX IDEXX LABORATORIES INC 2459202 539.93 15 8,098.95
0.31 FAST FASTENAL CO 2332262 77.14 104 8,022.56
0.31 KDP KEURIG DR PEPPER INC BD3W133 30.67 257 7,882.19
0.30 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 90.91 83 7,545.53
0.29 MRNA MODERNA INC BGSXTS3 106.56 69 7,352.64
0.28 CSGP COSTAR GROUP INC 2262864 96.60 75 7,245.00
0.28 DDOG DATADOG INC - CLASS A BKT9Y49 123.60 58 7,168.80
0.28 AZN ASTRAZENECA PLC-SPONS ADR 2989044 67.75 105 7,113.75
0.28 TTD TRADE DESK INC-A BD8FDD1 87.42 81 7,081.02
0.27 EXC EXELON CORP 2670519 37.57 182 6,837.74
0.27 CTSH COGNIZANT TECH-A 2257019 73.29 93 6,815.97
0.26 CDW CDW CORP/DE BBM5MD6 255.78 26 6,650.28
0.26 EA ELECTRONIC ARTS INC 2310194 132.67 50 6,633.50
0.25 FANG DIAMONDBACK ENERGY INC B7Y8YR3 198.17 32 6,341.44
0.24 BKR BAKER HUGHES CO BDHLTQ5 33.50 186 6,231.00
0.24 VRSK VERISK ANALYTICS INC B4P9W92 235.73 26 6,128.98
0.24 CCEP COCA-COLA EUROPA BYQQ3P5 69.95 87 6,085.65
0.24 BIIB BIOGEN INC 2455965 215.63 28 6,037.64
0.23 ON ON SEMICONDUCTOR 2583576 73.55 79 5,810.45
0.22 ANSS ANSYS INC 2045623 347.16 16 5,554.56
0.21 TEAM ATLASSIAN CORP-CL A BQ1PC76 195.11 28 5,463.08
0.21 DLTR DOLLAR TREE INC 2272476 133.15 41 5,459.15
0.21 XEL XCEL ENERGY INC 2614807 53.75 101 5,428.75
0.21 ZS ZSCALER INC BZ00V34 192.63 28 5,393.64
0.20 GFS GLOBALFOUNDRIES INC BMW7F63 52.11 100 5,211.00
0.19 TTWO TAKE-TWO INTERAC 2122117 148.49 33 4,900.17
0.18 MDB MONGODB INC BF2FJ99 358.64 13 4,662.32
0.16 ILMN ILLUMINA INC 2613990 137.32 29 3,982.28
0.15 WBD WARNER BROS DISCOVERY INC BM8JYX3 8.73 445 3,884.85
0.13 WBA WALGREENS BOOTS BTN1Y44 21.69 158 3,427.02
0.13 NQX US 06/21/24 P3400 3,400.00 1 3,400.00
0.11 SIRI SIRIUS XM HOLDINGS INC BGLDK10 3.88 707 2,743.16
0.09 CASH 1.00 2,395 2,395.20
0.03 OTHER PAYABLE & RECEIVABLES 1.00 876 875.60
-0.16 NQX US 06/21/24 C3900 4,000.00 -1 -4,000.00
-0.61 NDX US 06/21/24 C19700 15,625.00 -1 -15,625.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 03/28/24

Return on Equity 23.60%
Weighted Avg. Market Cap 983,804 M
2023 2024
Price-to-earnings 30.69 26.87
Price-to-book value 7.01 5.79

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 02/29/24

Versus Beta
S&P 500 0.61
NASDAQ-100 0.55
MSCI EAFE 0.49
MSCI Emg. Mkts 0.44
Standard Deviation 14.30%

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.