QRMI


Nasdaq 100 Risk Managed Income ETF

Reasons to Consider QRMI

Alternative Income Source

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

Risk-Minded Approach

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

Monthly Distributions

QRMI expects to make distributions on a monthly basis.

Key Information As of 10/27/21

Inception Date 08/25/21
Total Expense Ratio 0.60%
Net Assets $4.33 million
NAV $24.05
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 10/27/21

Ticker QRMI
Bloomberg Index Ticker NQRMII
CUSIP 37960A503
ISIN US37960A5039
Primary Exchange Nasdaq
Shares Outstanding 180,000
Number of Holdings 104
30-Day Median Bid-Ask Spread 0.29%

Distributions As of 10/27/21

30-Day SEC Yield 0.09%
Distribution Frequency Monthly

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 10/27/21

NAV $24.05 Daily Change -$0.01 -0.04%
Market Price $24.08 Daily Change $0.02 0.06%

Performance History

As of recent month & quarter-end (09/30/21)
Fund NAV Market Price Index
Year-to-Date -- -- -1.82%
1 Month -2.57% -2.65% -2.85%
3 Months -- -- -0.54%
Since Inception -2.37% -2.21% -2.74%
Year-to-Date -- -- -1.82%
1 Month -2.57% -2.65% -2.85%
3 Months -- -- -0.54%
Since Inception -2.37% -2.21% -2.74%

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 of the Fund, when observed, is unusual and investors should not expect such performance to be repeated.

Options Details As of 10/27/21

Option Positions Notional Exposure Strike Moneyness Expiration Date Calendar Days to Expiry
Short NASDAQ 100 Reduced Value Call Option -$4,367,550 3010 103.60% 11/19/2021 23
Long NASDAQ 100 Reduced Value Put Option $4,367,550 2860 91.70% 11/19/2021 23

Top Holdings As of 10/27/21

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
11.35 AAPL APPLE INC 2046251 148.85 3,300 491,205.00
11.20 MSFT MICROSOFT CORP 2588173 323.17 1,500 484,755.00
7.91 AMZN AMAZON.COM INC 2000019 3,392.49 101 342,641.49
5.95 TSLA TESLA INC B616C79 1,037.86 248 257,389.28
4.46 GOOG ALPHABET INC-CL C BYY88Y7 2,928.55 66 193,284.30
4.29 NVDA NVIDIA CORP 2379504 244.51 759 185,583.09
3.92 GOOGL ALPHABET INC-CL A BYVY8G0 2,924.35 58 169,612.30
3.43 FB FACEBOOK INC-CLASS A B7TL820 312.22 476 148,616.72
2.13 ADBE ADOBE INC 2008154 640.08 144 92,171.52
2.05 NFLX NETFLIX INC 2857817 662.92 134 88,831.28
1.93 PYPL PAYPAL HOLDINGS INC BYW36M8 234.94 356 83,638.64
1.68 CMCSA COMCAST CORP-CLASS A 2044545 52.44 1,383 72,524.52
1.65 CSCO CISCO SYSTEMS INC 2198163 56.18 1,273 71,517.14
1.54 PEP PEPSICO INC 2681511 160.61 416 66,813.76
1.51 COST COSTCO WHOLESALE CORP 2701271 488.32 134 65,434.88
1.50 AVGO BROADCOM INC BDZ78H9 523.11 124 64,865.64
1.37 INTC INTEL CORP 2463247 47.89 1,237 59,239.93
1.21 TXN TEXAS INSTRUMENTS INC 2885409 187.10 281 52,575.10
1.19 INTU INTUIT INC 2459020 613.13 84 51,502.92
1.05 HON HONEYWELL INTL 2020459 215.72 210 45,301.20
1.04 QCOM QUALCOMM INC 2714923 131.20 342 44,870.40
1.03 AMD ADVANCED MICRO DEVICES 2007849 122.28 363 44,387.64
1.02 TMUS T-MOBILE US INC B94Q9V0 116.62 378 44,082.36
0.97 MRNA MODERNA INC BGSXTS3 340.88 123 41,928.24
0.94 SBUX STARBUCKS CORP 2842255 113.51 360 40,863.60
0.91 CHTR CHARTER COMMUN-A BZ6VT82 714.51 55 39,298.05
0.87 ISRG INTUITIVE SURGICAL INC 2871301 348.98 108 37,689.84
0.83 AMAT APPLIED MATERIALS INC 2046552 132.16 271 35,815.36
0.83 AMGN AMGEN INC 2023607 206.58 173 35,738.34
0.67 BKNG BOOKING HOLDINGS INC BDRXDB4 2,428.09 12 29,137.08
0.65 ADP AUTOMATIC DATA PROCESSING 2065308 221.95 126 27,965.70
0.63 ADI ANALOG DEVICES INC 2032067 170.46 161 27,444.06
0.60 MDLZ MONDELEZ INTER-A B8CKK03 60.39 432 26,088.48
0.58 GILD GILEAD SCIENCES INC 2369174 66.77 376 25,105.52
0.58 CSX CSX CORP 2160753 35.86 697 24,994.42
0.55 LRCX LAM RESEARCH CORP 2502247 553.62 43 23,805.66
0.54 MU MICRON TECHNOLOGY INC 2588184 68.24 342 23,338.08
0.52 MELI MERCADOLIBRE INC B23X1H3 1,500.00 15 22,500.00
0.48 ADSK AUTODESK INC 2065159 308.51 67 20,670.17
0.46 ASML ASML HOLDING-NY B908F01 801.00 25 20,025.00
0.45 ZM ZOOM VIDEO COM-A BGSP7M9 272.81 72 19,642.32
0.45 FISV FISERV INC 2342034 98.83 198 19,568.34
0.45 REGN REGENERON PHARMACEUTICALS 2730190 589.60 33 19,456.80
0.45 ILMN ILLUMINA INC 2613990 412.01 47 19,364.47
0.44 JD JD.COM INC-ADR BMM27D9 80.86 235 19,002.10
0.43 ATVI ACTIVISION BLIZZARD INC 2575818 78.65 234 18,404.10
0.39 MRVL MARVELL TECHNOLOGY INC BNKJSM5 67.70 252 17,060.40
0.39 TEAM ATLASSIAN CORP-A BZ09BD1 412.88 41 16,928.08
0.39 CRWD CROWDSTRIKE HO-A BJJP138 279.00 60 16,740.00
0.39 IDXX IDEXX LABORATORIES INC 2459202 640.50 26 16,653.00
0.38 DOCU DOCUSIGN INC BFYT7B7 277.96 59 16,399.64
0.38 KLAC KLA CORP 2480138 340.57 48 16,347.36
0.37 DXCM DEXCOM INC B0796X4 558.54 29 16,197.66
0.37 LULU LULULEMON ATHLETICA INC B23FN39 433.70 37 16,046.90
0.37 WDAY WORKDAY INC-CLASS A B8K6ZD1 283.13 56 15,855.28
0.36 EXC EXELON CORP 2670519 51.98 301 15,645.98
0.36 NXPI NXP SEMICONDUCTORS NV B505PN7 192.41 80 15,392.80
0.35 SNPS SYNOPSYS INC 2867719 319.13 48 15,318.24
0.35 MAR MARRIOTT INTL-A 2210614 159.80 95 15,181.00
0.35 EBAY EBAY INC 2293819 77.66 194 15,066.04
0.34 KDP KEURIG DR PEPPER INC BD3W133 34.20 432 14,774.40
0.34 ALGN ALIGN TECHNOLOGY INC 2679204 604.39 24 14,505.36
0.32 CDNS CADENCE DESIGN SYS INC 2302232 165.10 84 13,868.40
0.32 KHC KRAFT HEINZ CO/THE BYRY499 36.40 378 13,759.20
0.32 VRTX VERTEX PHARM 2931034 180.94 76 13,751.44
0.32 MNST MONSTER BEVERAGE CORP BZ07BW4 84.88 162 13,750.56
0.31 CTAS CINTAS CORP 2197137 422.94 32 13,534.08
0.31 MTCH MATCH GROUP INC BK80XH9 158.46 84 13,310.64
0.31 PAYX PAYCHEX INC 2674458 122.48 108 13,227.84
0.30 XLNX XILINX INC 2985677 180.85 72 13,021.20
0.30 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 650.95 20 13,019.00
0.29 WBA WALGREENS BOOTS BTN1Y44 47.12 270 12,722.40
0.29 EA ELECTRONIC ARTS INC 2310194 140.37 90 12,633.30
0.29 CTSH COGNIZANT TECH-A 2257019 77.71 162 12,589.02
0.29 BIDU BAIDU INC - SPON ADR B0FXT17 167.75 74 12,413.50
0.29 AEP AMERICAN ELECTRIC POWER 2026242 84.30 147 12,392.10
0.28 BIIB BIOGEN INC 2455965 259.95 47 12,217.65
0.28 MCHP MICROCHIP TECHNOLOGY INC 2592174 72.37 168 12,158.16
0.28 ROST ROSS STORES INC 2746711 110.66 108 11,951.28
0.27 NQX US 11/19/21 P2860 835.00 14 11,690.00
0.25 CPRT COPART INC 2208073 151.59 72 10,914.48
0.25 OKTA OKTA INC BDFZSP1 250.01 43 10,750.43
0.24 XEL XCEL ENERGY INC 2614807 63.39 162 10,269.18
0.24 PDD PINDUODUO INC-ADR BYVW0F7 92.29 111 10,244.19
0.24 VRSK VERISK ANALYTICS INC B4P9W92 207.88 49 10,186.12
0.23 FAST FASTENAL CO 2332262 55.57 180 10,002.60
0.22 ANSS ANSYS INC 2045623 370.14 26 9,623.64
0.22 SGEN SEAGEN INC BLPK4D2 174.61 54 9,428.94
0.21 PCAR PACCAR INC 2665861 85.77 108 9,263.16
0.21 NTES NETEASE INC-ADR 2606440 100.35 90 9,031.50
0.19 CASH 1.00 8,298 8,297.78
0.19 SWKS SKYWORKS SOLUTIONS INC 2961053 165.90 50 8,295.00
0.19 SPLK SPLUNK INC B424494 163.25 49 7,999.25
0.18 VRSN VERISIGN INC 2142922 211.83 36 7,625.88
0.17 DLTR DOLLAR TREE INC 2272476 104.49 72 7,523.28
0.17 SIRI SIRIUS XM HOLDINGS INC BGLDK10 5.96 1,250 7,450.00
0.17 PTON PELOTON INTERACTIVE INC-A BJ7WJS2 88.45 82 7,252.90
0.17 CDW CDW CORP/DE BBM5MD6 184.37 39 7,190.43
0.15 CERN CERNER CORP 2185284 69.89 90 6,290.10
0.11 TCOM TRIP.COM GROUP LTD-ADR BK1K3N2 28.95 162 4,689.90
0.11 INCY INCYTE CORP 2471950 64.97 72 4,677.84
0.10 CHKP CHECK POINT SOFTWARE TECH 2181334 118.12 36 4,252.32
0.10 FOXA FOX CORP - CLASS A BJJMGL2 40.20 103 4,140.60
0.06 FOX FOX CORP - CLASS B BJJMGY5 37.48 72 2,698.56
-4.23 NQX US 11/19/21 C3010 13,085.00 -14 -183,190.00
Holdings are subject to change.

ETF Characteristics As of 10/27/21

Return on Equity 28.20%
Weighted Avg. Market Cap 907,840 M
2020 2021
Price-to-earnings 37.60 28.71
Price-to-book value 9.18 7.24

Source: AltaVista Research, LLC

ETF Research

Investing involves risk, including the possible loss of principal. Concentration in a particular industry or sector will subject QRMI to loss due to adverse occurrences that may affect that industry or sector. Investors in QRMI should be willing to accept a high degree of volatility in the price of the fund’s shares and the possibility of significant losses.

QRMI 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. QRMI 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. QRMI 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.