QRMI seeks to generate an alternative source of income by selling covered calls.
QRMI buys protective puts to mitigate the risks of a major market selloff.
QRMI has made monthly distributions 3 years running.
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.
NAV | $15.86 | Daily Change | -$0.06 | -0.38% |
Market Price | $15.87 | Daily Change | -$0.07 | -0.44% |
Fund NAV | Market Price | Index | |
---|---|---|---|
1 Year | 7.61% | 7.55% | 8.83% |
3 Years | 2.81% | 2.79% | 3.85% |
Since Inception | 0.17% | 0.22% | 0.58% |
Option Positions | Notional Exposure | Strike | Upside Before Cap | Expiration Date | Calendar Days to Expiry |
---|---|---|---|---|---|
Short NASDAQ 100 Micro Call Option | -$1,939,393 | 213 | 1.04% | Jun 20 2025 | 30 |
Short NASDAQ Call Option | -$16,864,288 | 21300 | 1.04% | Jun 20 2025 | 30 |
Option Positions | Notional Exposure | Strike | Downside Before Floor | Expiration Date | Calendar Days to Expiry |
---|---|---|---|---|---|
Long NASDAQ Put Option | $16,864,288 | 20250 | -3.94% | Jun 20 2025 | 30 |
Long NASDAQ 100 Micro Put Option | $2,002,634 | 202 | -4.18% | Jun 20 2025 | 30 |
Net Assets (%) | Ticker | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
---|---|---|---|---|---|---|
8.71 | MSFT | MICROSOFT CORP | 2588173 | 454.86 | 3,587 | 1,631,582.82 |
8.35 | NVDA | NVIDIA CORP | 2379504 | 132.83 | 11,774 | 1,563,940.42 |
7.79 | AAPL | APPLE INC | 2046251 | 201.36 | 7,248 | 1,459,457.28 |
5.55 | AMZN | AMAZON.COM INC | 2000019 | 203.10 | 5,113 | 1,038,450.30 |
4.60 | AVGO | BROADCOM INC | BDZ78H9 | 230.53 | 3,740 | 862,182.20 |
3.59 | META | META PLATFORMS INC | B7TL820 | 636.57 | 1,056 | 672,217.92 |
3.22 | NFLX | NETFLIX INC | 2857817 | 1,187.97 | 508 | 603,488.76 |
3.19 | TSLA | TESLA INC | B616C79 | 341.04 | 1,753 | 597,843.12 |
2.87 | COST | COSTCO WHOLESALE CORP | 2701271 | 1,018.13 | 527 | 536,554.51 |
2.57 | GOOGL | ALPHABET INC-CL A | BYVY8G0 | 170.87 | 2,814 | 480,828.18 |
Holdings are subject to change. "Cash" denotes U.S. dollars.
Return on Equity | 24.80% | |
Weighted Avg. Market Cap | 1,213,310 M | |
2024 | 2025 | |
Price-to-earnings | 29.94 | 25.19 |
Price-to-book value | 6.93 | 5.67 |
Source: AltaVista Research, LLC
VERSUS | BETA |
---|---|
S&P 500 | 0.35 |
NASDAQ-100 | 0.32 |
MSCI EAFE | 0.26 |
MSCI Emg. Mkts | 0.21 |
Standard Deviation | 7.50% |
Source: AltaVista Research, LLC
* 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.