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QRMI

Nasdaq 100 Risk Managed Income ETF

Overview Prices & Performance Holdings & Characteristics Research Documents

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 makes distributions on a monthly basis.

Key Information As of 06/02/23

Inception Date	08/25/21
Total Expense Ratio	0.60%
Net Assets	$9.87 million
NAV	$18.28
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 06/01/23

Ticker	QRMI
Bloomberg Index Ticker	NQRMII
CUSIP	37960A503
ISIN	US37960A5039
Primary Exchange	Nasdaq
Shares Outstanding	540,000
Number of Holdings	105
30-Day Median Bid-Ask Spread	0.38%

Distributions As of 06/02/23

30-Day SEC Yield	0.23%
12-Month Trailing Yield	12.95%
Distribution Yield	12.15%
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 06/02/23

NAV	$18.28	Daily Change	$0.02	0.11%
Market Price	$18.31	Daily Change	$0.05	0.27%

As of recent (03/31/23) As of recent (03/31/23)	Fund NAV	Market Price	Index
1 Year	-7.19%	-7.30%	-6.06%
Since Inception	-9.05%	-8.99%	-9.25%
1 Year	1.65%	1.76%	1.83%
Since Inception	-6.74%	-6.63%	-6.92%
Year-to-Date	7.36%	7.67%	7.25%
1 Month	2.95%	3.07%	2.88%
3 Months	7.36%	7.67%	7.25%
Since Inception	-14.06%	-13.97%	-14.37%
Year-to-Date	10.45%	10.88%	10.35%
1 Month	1.51%	1.57%	1.47%
3 Months	5.92%	6.15%	5.86%
Since Inception	-11.59%	-11.40%	-11.89%

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.

Option Positions	Notional Exposure	Strike	Moneyness	Expiration Date	Calendar Days to Expiry
Short NASDAQ Call Option	-$7,904,433	12950	101.70%	05/19/2023	16
Long NASDAQ Put Option	$7,904,433	12300	93.40%	05/19/2023	16
Short NASDAQ 100 Reduced Value Call Option	-$1,580,887	2590	101.70%	05/19/2023	16
Long NASDAQ 100 Reduced Value Put Option	$1,580,887	2460	93.40%	05/19/2023	16

Net Assets (%)	Ticker	Name	SEDOL	Market Price ($)	Shares Held	Market Value ($)
13.97	MSFT	MICROSOFT CORP	2588173	335.40	4,112	1,379,164.80
12.94	AAPL	APPLE INC	2046251	180.95	7,060	1,277,507.00
7.15	AMZN	AMAZON.COM INC	2000019	124.25	5,683	706,112.75
7.08	NVDA	NVIDIA CORP	2379504	393.27	1,777	698,840.79
4.42	META	META PLATFORMS INC	B7TL820	272.61	1,602	436,721.22
4.25	GOOGL	ALPHABET INC-CL A	BYVY8G0	124.67	3,366	419,639.22
4.20	GOOG	ALPHABET INC-CL C	BYY88Y7	125.23	3,309	414,386.07
3.81	TSLA	TESLA INC	B616C79	213.97	1,756	375,731.32
2.48	AVGO	BROADCOM INC	BDZ78H9	812.00	301	244,412.00
1.85	PEP	PEPSICO INC	2681511	184.06	990	182,219.40
1.66	COST	COSTCO WHOLESALE CORP	2701271	512.59	319	163,516.21
1.49	CSCO	CISCO SYSTEMS INC	2198163	50.02	2,946	147,358.92
1.45	ADBE	ADOBE INC	2008154	436.37	329	143,565.73
1.38	AMD	ADVANCED MICRO DEVICES	2007849	117.86	1,157	136,364.02
1.30	NFLX	NETFLIX INC	2857817	400.47	320	128,150.40
1.20	CMCSA	COMCAST CORP-CLASS A	2044545	39.19	3,024	118,510.56
1.16	TMUS	T-MOBILE US INC	B94Q9V0	131.19	876	114,922.44
1.16	TXN	TEXAS INSTRUMENTS INC	2885409	175.23	651	114,074.73
0.97	HON	HONEYWELL INTL	2020459	198.85	480	95,448.00
0.94	INTC	INTEL CORP	2463247	31.31	2,973	93,084.63
0.94	QCOM	QUALCOMM INC	2714923	115.62	801	92,611.62
0.88	INTU	INTUIT INC	2459020	430.49	202	86,958.98
0.85	AMGN	AMGEN INC	2023607	218.07	383	83,520.81
0.83	SBUX	STARBUCKS CORP	2842255	99.50	825	82,087.50
0.83	AMAT	APPLIED MATERIALS INC	2046552	134.63	607	81,720.41
0.80	ISRG	INTUITIVE SURGICAL INC	2871301	312.18	252	78,669.36
0.75	BKNG	BOOKING HOLDINGS INC	BDRXDB4	2,625.65	28	73,518.20
0.74	MDLZ	MONDELEZ INTER-A	B8CKK03	74.27	979	72,710.33
0.71	GILD	GILEAD SCIENCES INC	2369174	77.89	897	69,867.33
0.66	ADI	ANALOG DEVICES INC	2032067	179.80	364	65,447.20
0.66	ADP	AUTOMATIC DATA PROCESSING	2065308	216.52	299	64,739.48
0.62	VRTX	VERTEX PHARM	2931034	333.78	184	61,415.52
0.60	LRCX	LAM RESEARCH CORP	2502247	613.67	97	59,525.99
0.57	REGN	REGENERON PHARMACEUTICALS	2730190	739.95	76	56,236.20
0.55	MU	MICRON TECHNOLOGY INC	2588184	69.17	784	54,229.28
0.53	PYPL	PAYPAL HOLDINGS INC	BYW36M8	63.96	812	51,935.52
0.52	FISV	FISERV INC	2342034	113.90	450	51,255.00
0.50	SNPS	SYNOPSYS INC	2867719	449.36	109	48,980.24
0.48	CSX	CSX CORP	2160753	31.92	1,479	47,209.68
0.48	PANW	PALO ALTO NETWORKS INC	B87ZMX0	217.24	217	47,141.08
0.48	MELI	MERCADOLIBRE INC	B23X1H3	1,270.67	37	47,014.79
0.46	KLAC	KLA CORP	2480138	458.06	100	45,806.00
0.46	ASML	ASML HOLDING-NY	B908F01	724.65	63	45,652.95
0.46	CDNS	CADENCE DESIGN SYS INC	2302232	229.69	197	45,248.93
0.46	ATVI	ACTIVISION BLIZZARD INC	2575818	80.50	562	45,241.00
0.45	MNST	MONSTER BEVERAGE CORP	BZ07BW4	59.48	749	44,550.52
0.41	ORLY	O'REILLY AUTOMOTIVE INC	B65LWX6	895.34	45	40,290.30
0.40	MAR	MARRIOTT INTL-A	2210614	177.22	221	39,165.62
0.39	FTNT	FORTINET INC	B5B2106	68.13	561	38,220.93
0.37	MRVL	MARVELL TECHNOLOGY INC	BNKJSM5	60.18	610	36,709.80
0.37	MRNA	MODERNA INC	BGSXTS3	130.51	277	36,151.27
0.36	CHTR	CHARTER COMMUN-A	BZ6VT82	329.32	109	35,895.88
0.35	CTAS	CINTAS CORP	2197137	481.56	72	34,672.32
0.35	ABNB	AIRBNB INC-CLASS A	BMGYYH4	118.06	292	34,473.52
0.34	DXCM	DEXCOM INC	B0796X4	122.57	277	33,951.89
0.34	NXPI	NXP SEMICONDUCTORS NV	B505PN7	181.60	185	33,596.00
0.34	KHC	KRAFT HEINZ CO/THE	BYRY499	38.11	877	33,422.47
0.33	LULU	LULULEMON ATHLETICA INC	B23FN39	365.44	88	32,158.72
0.32	KDP	KEURIG DR PEPPER INC	BD3W133	31.45	1,008	31,701.60
0.32	ADSK	AUTODESK INC	2065159	204.24	155	31,657.20
0.32	WDAY	WORKDAY INC-CLASS A	B8K6ZD1	213.50	147	31,384.50
0.32	AZN	ASTRAZENECA PLC-SPONS ADR	2989044	72.59	432	31,358.88
0.32	BIIB	BIOGEN INC	2455965	300.20	104	31,220.80
0.31	AEP	AMERICAN ELECTRIC POWER	2026242	83.45	369	30,793.05
0.31	MCHP	MICROCHIP TECHNOLOGY INC	2592174	77.20	392	30,262.40
0.30	CPRT	COPART INC	2208073	88.03	341	30,018.23
0.30	PDD	PDD HOLDINGS INC	BYVW0F7	69.54	426	29,624.04
0.29	PAYX	PAYCHEX INC	2674458	110.25	259	28,554.75
0.29	EXC	EXELON CORP	2670519	39.69	711	28,219.59
0.28	IDXX	IDEXX LABORATORIES INC	2459202	470.83	59	27,778.97
0.28	PCAR	PACCAR INC	2665861	73.30	374	27,414.20
0.26	SGEN	SEAGEN INC	BLPK4D2	195.38	133	25,985.54
0.26	ROST	ROSS STORES INC	2746711	102.97	247	25,432.36
0.26	EA	ELECTRONIC ARTS INC	2310194	127.67	197	25,150.99
0.25	ODFL	OLD DOMINION FREIGHT LINE	2656423	319.67	78	24,934.26
0.25	XEL	XCEL ENERGY INC	2614807	63.14	393	24,814.02
0.25	VRSK	VERISK ANALYTICS INC	B4P9W92	221.37	111	24,572.07
0.24	CSGP	COSTAR GROUP INC	2262864	81.88	290	23,745.20
0.24	CRWD	CROWDSTRIKE HO-A	BJJP138	151.32	156	23,605.92
0.24	ILMN	ILLUMINA INC	2613990	207.31	113	23,426.03
0.24	CTSH	COGNIZANT TECH-A	2257019	63.76	365	23,272.40
0.23	GFS	GLOBALFOUNDRIES INC	BMW7F63	59.17	389	23,017.13
0.23	FAST	FASTENAL CO	2332262	55.37	409	22,646.33
0.22	BKR	BAKER HUGHES CO	BDHLTQ5	29.58	722	21,356.76
0.21	DLTR	DOLLAR TREE INC	2272476	133.61	158	21,110.38
0.21	DDOG	DATADOG INC - CLASS A	BKT9Y49	98.77	210	20,741.70
0.21	WBD	WARNER BROS DISCOVERY INC	BM8JYX3	11.75	1,737	20,409.75
0.21	CEG	CONSTELLATION ENERGY	BMH4FS1	87.54	233	20,396.82
0.20	ANSS	ANSYS INC	2045623	325.00	62	20,150.00
0.20	TEAM	ATLASSIAN CORP -CLASS A	BQ1PC76	183.90	107	19,677.30
0.19	WBA	WALGREENS BOOTS	BTN1Y44	31.19	615	19,181.85
0.18	ENPH	ENPHASE ENERGY INC	B65SQW4	181.86	98	17,822.28
0.17	FANG	DIAMONDBACK ENERGY INC	B7Y8YR3	131.35	130	17,075.50
0.17	EBAY	EBAY INC	2293819	44.39	383	17,001.37
0.17	ALGN	ALIGN TECHNOLOGY INC	2679204	302.00	55	16,610.00
0.15	ZS	ZSCALER INC	BZ00V34	142.39	103	14,666.17
0.12	ZM	ZOOM VIDEO COM-A	BGSP7M9	67.09	174	11,673.66
0.12	JD	JD.COM INC-ADR	BMM27D9	35.43	327	11,585.61
0.10	SIRI	SIRIUS XM HOLDINGS INC	BGLDK10	3.58	2,761	9,884.38
0.10	RIVN	RIVIAN AUTOMOTIVE INC-A	BL98841	14.48	651	9,426.48
0.09	LCID	LUCID GROUP INC	BP0TR77	6.60	1,297	8,560.20
0.08		CASH		1.00	7,531	7,530.87
0.04		NDX US 06/16/23 P13125		770.00	5	3,850.00
0.02		NQX US 06/16/23 P2630		167.50	10	1,675.00
-1.54		NQX US 06/16/23 C2770		15,160.00	-10	-151,600.00
-3.95		NDX US 06/16/23 C13825		77,975.00	-5	-389,875.00

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

ETF Characteristics As of 06/01/23

Return on Equity	24.10%
Weighted Avg. Market Cap	1,133,630 M
	2022	2023
Price-to-earnings	30.03	27.79
Price-to-book value	7.32	6.16

Source: AltaVista Research, LLC

ETF Risk Stats As of 05/31/23

Versus	Beta
S&P 500	0.39
NASDAQ-100	0.34
MSCI EAFE	0.32
MSCI Emg. Mkts	0.24
Standard Deviation	9.70%

Source: AltaVista Research, LLC

ETF Research

Risk Management Strategies for a Volatile Market Environment

Understanding the Income Landscape for Options Strategies

Using Options Strategies in a Rising Rate Environment

Latest Premium / Discount As of 06/02/23

NAV	$18.28
Market Price	$18.31
Premium / (Discount)	$0.03

Current View 2023 Q2 As of 06/02/23

Days at Premium	35
Days at NAV	0
Days at Discount	8
Greatest Premium	0.22%
Greatest Discount	-0.28%

Daily Premium / Discount History As of 06/02/23

Hover over the chart points for details

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How can the Fund trade at a premium/discount to its NAV?

The primary explanation is that timing discrepancies can arise between the NAV and the trading price of the Fund. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

What causes these time discrepancies?

Close of Trading Times. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.

Time of Last Trade. Trading of Global X funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade - from which the closing price is determined - may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to deviate from the closing price.

International Holdings. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.

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.