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 05/26/22

Inception Date 08/25/21
Total Expense Ratio 0.60%
Net Assets $11.08 million
NAV $20.15
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 05/26/22

Ticker QRMI
Bloomberg Index Ticker NQRMII
CUSIP 37960A503
ISIN US37960A5039
Primary Exchange Nasdaq
Shares Outstanding 550,000
Number of Holdings 106
30-Day Median Bid-Ask Spread 0.34%

Distributions As of 05/26/22

30-Day SEC Yield 0.19%
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 05/26/22

NAV $20.15 Daily Change $0.11 0.56%
Market Price $20.14 Daily Change $0.12 0.57%

Performance History

As of recent
(03/31/22)
Fund NAV Market Price Index
Year-to-Date -5.71% -5.41% -6.33%
1 Month 2.67% 2.76% 2.37%
3 Months -5.71% -5.41% -6.33%
Since Inception -7.40% -7.19% -8.84%
Year-to-Date -8.99% -9.04% -9.39%
1 Month -3.47% -3.83% -3.27%
3 Months -4.63% -4.59% -5.57%
Since Inception -10.62% -10.75% -11.82%

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 05/26/22

Option Positions Notional Exposure Strike Moneyness Expiration Date Calendar Days to Expiry
Short NASDAQ Call Option -$9,821,431 11875 103.40% 06/17/2022 22
Long NASDAQ Put Option $9,821,431 11275 91.80% 06/17/2022 22
Short NASDAQ 100 Reduced Value Call Option -$1,718,750 2375 103.40% 06/17/2022 22
Long NASDAQ 100 Reduced Value Put Option $1,718,750 2260 92.00% 06/17/2022 22

Top Holdings As of 05/26/22

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
13.01 AAPL APPLE INC 2046251 143.78 10,032 1,442,400.96
11.06 MSFT MICROSOFT CORP 2588173 265.90 4,609 1,225,533.10
6.25 AMZN AMAZON.COM INC 2000019 2,221.55 312 693,123.60
4.05 TSLA TESLA INC B616C79 707.73 634 448,700.82
3.77 GOOG ALPHABET INC-CL C BYY88Y7 2,165.92 193 418,022.56
3.67 FB META PLATFORMS INC B7TL820 191.63 2,124 407,022.12
3.62 GOOGL ALPHABET INC-CL A BYVY8G0 2,155.85 186 400,988.10
3.48 NVDA NVIDIA CORP 2379504 178.51 2,163 386,117.13
2.16 PEP PEPSICO INC 2681511 170.11 1,409 239,684.99
2.07 AVGO BROADCOM INC BDZ78H9 550.66 416 229,074.56
1.90 COST COSTCO WHOLESALE CORP 2701271 464.99 453 210,640.47
1.84 CMCSA COMCAST CORP-CLASS A 2044545 44.13 4,611 203,483.43
1.77 ADBE ADOBE INC 2008154 408.60 481 196,536.60
1.72 CSCO CISCO SYSTEMS INC 2198163 44.99 4,234 190,487.66
1.63 INTC INTEL CORP 2463247 43.48 4,149 180,398.52
1.53 TMUS T-MOBILE US INC B94Q9V0 132.74 1,274 169,110.76
1.48 TXN TEXAS INSTRUMENTS INC 2885409 174.13 942 164,030.46
1.48 AMD ADVANCED MICRO DEVICES 2007849 98.75 1,659 163,826.29
1.40 QCOM QUALCOMM INC 2714923 134.84 1,148 154,796.32
1.30 AMGN AMGEN INC 2023607 253.05 569 143,985.45
1.22 HON HONEYWELL INTL 2020459 193.10 698 134,783.80
1.06 INTU INTUIT INC 2459020 406.42 289 117,455.38
0.94 AMAT APPLIED MATERIALS INC 2046552 115.07 901 103,678.07
0.86 PYPL PAYPAL HOLDINGS INC BYW36M8 80.42 1,185 95,297.70
0.84 ADP AUTOMATIC DATA PROCESSING 2065308 218.28 427 93,205.56
0.82 BKNG BOOKING HOLDINGS INC BDRXDB4 2,221.51 41 91,081.91
0.80 CHTR CHARTER COMMUN-A BZ6VT82 502.84 176 88,499.84
0.80 MDLZ MONDELEZ INTER-A B8CKK03 62.50 1,413 88,312.50
0.79 SBUX STARBUCKS CORP 2842255 74.49 1,172 87,302.28
0.78 ADI ANALOG DEVICES INC 2032067 163.24 532 86,843.68
0.78 NFLX NETFLIX INC 2857817 191.40 453 86,704.20
0.74 GILD GILEAD SCIENCES INC 2369174 64.47 1,277 82,328.19
0.74 NDX US 06/17/22 P11275 10,255.00 8 82,040.00
0.73 ISRG INTUITIVE SURGICAL INC 2871301 223.30 363 81,057.90
0.73 MU MICRON TECHNOLOGY INC 2588184 70.60 1,139 80,413.40
0.67 REGN REGENERON PHARMACEUTICALS 2730190 683.44 109 74,494.96
0.65 LRCX LAM RESEARCH CORP 2502247 509.21 141 71,798.61
0.63 CSX CSX CORP 2160753 31.48 2,231 70,231.88
0.63 VRTX VERTEX PHARM 2931034 269.65 258 69,569.70
0.60 FISV FISERV INC 2342034 99.29 664 65,928.56
0.56 ATVI ACTIVISION BLIZZARD INC 2575818 77.99 794 61,924.06
0.51 MAR MARRIOTT INTL-A 2210614 170.17 332 56,496.44
0.50 MRNA MODERNA INC BGSXTS3 135.80 411 55,813.80
0.49 KLAC KLA CORP 2480138 353.28 153 54,051.84
0.48 AEP AMERICAN ELECTRIC POWER 2026242 102.58 514 52,726.12
0.46 KDP KEURIG DR PEPPER INC BD3W133 35.53 1,443 51,269.79
0.46 NXPI NXP SEMICONDUCTORS NV B505PN7 192.63 266 51,239.58
0.45 PANW PALO ALTO NETWORKS INC B87ZMX0 502.09 100 50,209.00
0.44 EXC EXELON CORP 2670519 49.16 997 49,012.52
0.44 MRVL MARVELL TECHNOLOGY INC BNKJSM5 56.99 857 48,840.43
0.43 FTNT FORTINET INC B5B2106 294.30 163 47,970.90
0.43 MNST MONSTER BEVERAGE CORP BZ07BW4 88.73 538 47,736.74
0.43 SNPS SYNOPSYS INC 2867719 306.10 155 47,445.50
0.42 ASML ASML HOLDING-NY B908F01 560.07 83 46,485.81
0.42 KHC KRAFT HEINZ CO/THE BYRY499 37.07 1,243 46,078.01
0.40 PAYX PAYCHEX INC 2674458 121.20 366 44,359.20
0.39 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 639.15 68 43,462.20
0.39 ABNB AIRBNB INC-CLASS A BMGYYH4 114.30 377 43,091.10
0.39 ADSK AUTODESK INC 2065159 191.63 224 42,925.12
0.38 CDNS CADENCE DESIGN SYS INC 2302232 148.67 282 41,924.94
0.37 XEL XCEL ENERGY INC 2614807 74.96 553 41,452.88
0.36 CTAS CINTAS CORP 2197137 383.43 105 40,260.15
0.36 MELI MERCADOLIBRE INC B23X1H3 783.44 51 39,955.44
0.36 EA ELECTRONIC ARTS INC 2310194 138.68 286 39,662.48
0.36 MCHP MICROCHIP TECHNOLOGY INC 2592174 70.06 566 39,653.96
0.35 ILMN ILLUMINA INC 2613990 243.57 159 38,727.63
0.35 CTSH COGNIZANT TECH-A 2257019 72.74 532 38,697.68
0.35 AZN ASTRAZENECA PLC-SPONS ADR 2989044 66.70 578 38,552.60
0.34 WBA WALGREENS BOOTS BTN1Y44 43.04 877 37,746.08
0.34 DLTR DOLLAR TREE INC 2272476 162.80 229 37,281.20
0.33 LULU LULULEMON ATHLETICA INC B23FN39 287.48 126 36,222.48
0.30 BIDU BAIDU INC - SPON ADR B0FXT17 136.19 247 33,638.93
0.30 WDAY WORKDAY INC-CLASS A B8K6ZD1 168.15 198 33,293.70
0.30 CRWD CROWDSTRIKE HO-A BJJP138 155.84 211 32,882.24
0.29 IDXX IDEXX LABORATORIES INC 2459202 384.92 84 32,333.28
0.29 JD JD.COM INC-ADR BMM27D9 52.72 605 31,895.60
0.29 LCID LUCID GROUP INC BP0TR77 18.89 1,676 31,659.64
0.28 ROST ROSS STORES INC 2746711 86.99 357 31,055.43
0.28 FAST FASTENAL CO 2332262 52.52 583 30,619.16
0.28 ODFL OLD DOMINION FREIGHT LINE 2656423 260.96 117 30,532.32
0.27 BIIB BIOGEN INC 2455965 204.22 148 30,224.56
0.27 PCAR PACCAR INC 2665861 84.14 354 29,785.56
0.26 VRSK VERISK ANALYTICS INC B4P9W92 173.71 163 28,314.73
0.25 CPRT COPART INC 2208073 114.41 242 27,687.22
0.25 EBAY EBAY INC 2293819 46.47 595 27,649.65
0.25 DXCM DEXCOM INC B0796X4 280.63 98 27,501.74
0.24 ZM ZOOM VIDEO COM-A BGSP7M9 107.00 247 26,429.00
0.23 SGEN SEAGEN INC BLPK4D2 138.46 187 25,892.02
0.23 SIRI SIRIUS XM HOLDINGS INC BGLDK10 6.33 4,000 25,320.00
0.22 TEAM ATLASSIAN CORP-A BZ09BD1 175.18 142 24,875.56
0.22 DDOG DATADOG INC - CLASS A BKT9Y49 89.63 267 23,931.21
0.20 MTCH MATCH GROUP INC BK80XH9 77.88 290 22,585.20
0.20 ALGN ALIGN TECHNOLOGY INC 2679204 274.83 81 22,261.23
0.20 ANSS ANSYS INC 2045623 252.95 87 22,006.65
0.19 NTES NETEASE INC-ADR 2606440 101.49 212 21,515.88
0.19 CASH 1.00 21,135 21,135.06
0.19 CEG CONSTELLATION ENERGY BMH4FS1 62.47 330 20,615.08
0.18 ZS ZSCALER INC BZ00V34 142.13 140 19,898.20
0.17 VRSN VERISIGN INC 2142922 172.71 111 19,170.81
0.17 PDD PINDUODUO INC-ADR BYVW0F7 41.93 448 18,784.64
0.16 SWKS SKYWORKS SOLUTIONS INC 2961053 104.54 166 17,353.64
0.15 SPLK SPLUNK INC B424494 102.00 160 16,320.00
0.15 DOCU DOCUSIGN INC BFYT7B7 80.81 199 16,081.19
0.14 NQX US 06/17/22 P2260 2,245.00 7 15,715.00
0.11 OKTA OKTA INC BDFZSP1 81.21 149 12,100.29
-0.82 NQX US 06/17/22 C2375 13,025.00 -7 -91,175.00
-4.57 NDX US 06/17/22 C11875 63,320.00 -8 -506,560.00
Holdings are subject to change.

ETF Characteristics As of 05/26/22

Return on Equity 25.40%
Weighted Avg. Market Cap 847,640 M
2021 2022
Price-to-earnings 23.78 22.75
Price-to-book value 6.45 5.25

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.

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