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QRMI

Nasdaq 100 Risk Managed Income ETF

Reasons to Consider QRMI

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Alternative Income Source

QRMI seeks to generate an alternative source of income by selling covered calls.

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Risk-Minded Approach

QRMI buys protective puts to mitigate the risks of a major market selloff.

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Monthly Distributions

QRMI has made monthly distributions 3 years running.

Key Information

As of May 21 2025
Inception Date
08/25/21
Total Expense Ratio
0.60%
Net Assets
$18.72 million
NAV
$15.86
Fact Sheet

ETF Summary

The Global X Nasdaq 100 Risk Managed Income ETF (QRMI) 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. QRMI seeks to achieve this outcome by owning the stocks in the Nasdaq 100 Index (NDX), while buying 5% out-of-the-money put options2 on NDX and selling at-the-money call options on the same index.

ETF Objective

The Global X Nasdaq 100 Risk Managed Income ETF (QRMI) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Nasdaq-100 Monthly Net Credit Collar 95-100 Index.

Trading Details

As of May 21 2025
Ticker
QRMI
Bloomberg Index Ticker
NQRMII
CUSIP
37960A503
ISIN
US37960A5039
Primary Exchange
Nasdaq
Shares Outstanding
1,180,000
Number of Holdings
105
30-Day Median Bid-Ask Spread
0.37%

Distributions

As of May 21 2025
30-Day SEC Yield
0.31%
Trailing 12-Month Distribution (%) 1
13.65%
Distribution Rate 2
12.04%
Distribution Frequency
Monthly

1The distribution as a percentage an investor would have received if they had held the fund over the last twelve months, assuming the most recent NAV. The Trailing 12-Month Distribution (%) is calculated by summing any income, capital gains and return of capital distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the same period. The distribution is estimated to include a return of capital. For information on the breakdown of the distributions, please see the "19a Notice" here. These do not imply rates for any future distributions.

2The annual rate an investor would receive if the most recent fund distribution remained the same going forward. The rate represents a single distribution from the fund and does not represent total return of the fund. The distribution rate is calculated by annualizing the most recent distribution and dividing by the most recent fund NAV. The distribution is estimated to include a return of capital. For information on the breakdown of the distributions, please see the "19a Notice" here. These do not imply rates for any future distributions.

1A protective net-credit collar strategy is a mix of short (sold) call options and long (purchased) put options where the premiums received from the sale of the call options will be greater than the premium paid when buying the put options

2An 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 May 21 2025
NAV$15.86Daily Change-$0.06-0.38%
Market Price$15.87Daily Change-$0.07-0.44%

Performance History

Fund NAVMarket PriceIndex
1 Year7.61%7.55%8.83%
3 Years2.81%2.79%3.85%
Since Inception0.17%0.22%0.58%

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 May 21 2025
Nasdaq 100 Price
21,080.36
Nasdaq 100 Mini Price
210.80

Upside Cap Details

Option PositionsNotional ExposureStrikeUpside Before CapExpiration DateCalendar Days to Expiry
Short NASDAQ 100 Micro Call Option-$1,939,3932131.04%Jun 20 202530
Short NASDAQ Call Option-$16,864,288213001.04%Jun 20 202530

Downside Floor Details

Option PositionsNotional ExposureStrikeDownside Before FloorExpiration DateCalendar Days to Expiry
Long NASDAQ Put Option$16,864,28820250-3.94%Jun 20 202530
Long NASDAQ 100 Micro Put Option$2,002,634202-4.18%Jun 20 202530

Top Holdings

As of May 22 2025
Net Assets (%)TickerNameSEDOLMarket Price ($)Shares HeldMarket Value ($)
8.71MSFTMICROSOFT CORP2588173454.863,5871,631,582.82
8.35NVDANVIDIA CORP2379504132.8311,7741,563,940.42
7.79AAPLAPPLE INC2046251201.367,2481,459,457.28
5.55AMZNAMAZON.COM INC2000019203.105,1131,038,450.30
4.60AVGOBROADCOM INCBDZ78H9230.533,740862,182.20
3.59METAMETA PLATFORMS INCB7TL820636.571,056672,217.92
3.22NFLXNETFLIX INC28578171,187.97508603,488.76
3.19TSLATESLA INCB616C79341.041,753597,843.12
2.87COSTCOSTCO WHOLESALE CORP27012711,018.13527536,554.51
2.57GOOGLALPHABET INC-CL ABYVY8G0170.872,814480,828.18

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

ETF Characteristics

As of May 21 2025
Return on Equity24.80%
Weighted Avg. Market Cap1,213,310 M
20242025
Price-to-earnings29.9425.19
Price-to-book value6.935.67

ETF Risk Stats

As of Apr 30 2025
VERSUSBETA
S&P 5000.35
NASDAQ-1000.32
MSCI EAFE0.26
MSCI Emg. Mkts0.21
Standard Deviation7.50%

ETF Documents

Supplemental Tax Information
Fact Sheet
Index Methodology Summary
Proxy Voting

Prospectus & Regulatory Information

Summary Prospectus
Statutory Prospectus
Statement of Additional Information
Annual Financial Statements*
Semi Annual Financial Statements**
Tailored Shareholders Report
Q1 Complete Holdings
Q3 Complete Holdings

* 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.