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 09/29/22

Inception Date 08/25/21
Total Expense Ratio 0.60%
Net Assets $9.36 million
NAV $18.36
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 09/29/22

Ticker QRMI
Bloomberg Index Ticker NQRMII
CUSIP 37960A503
ISIN US37960A5039
Primary Exchange Nasdaq
Shares Outstanding 510,000
Number of Holdings 106
30-Day Median Bid-Ask Spread 0.43%

Distributions As of 09/29/22

30-Day SEC Yield 0.24%
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 09/29/22

NAV $18.36 Daily Change -$0.14 -0.74%
Market Price $18.40 Daily Change -$0.12 -0.65%

Performance History

As of recent month-end (08/31/22)
As of recent
(06/30/22)
Fund NAV Market Price Index
1 Year -- -- -13.95%
Since Inception -- -- -18.44%
1 Year -15.80% -15.79% -16.03%
Since Inception -15.40% -15.19% -15.70%
Year-to-Date -13.91% -13.70% -13.53%
1 Month -2.80% -2.75% -2.75%
3 Months -8.70% -8.77% -7.69%
Since Inception -15.46% -15.33% -15.85%
Year-to-Date -14.09% -13.79% -13.61%
1 Month -3.11% -2.86% -2.96%
3 Months -3.00% -2.85% -2.84%
Since Inception -15.63% -15.42% -15.93%

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 09/29/22

Option Positions Notional Exposure Strike Moneyness Expiration Date Calendar Days to Expiry
Short NASDAQ Call Option -$6,698,868 11750 95.00% 10/21/2022 22
Long NASDAQ Put Option $6,698,868 11150 99.90% 10/21/2022 22
Short NASDAQ 100 Reduced Value Call Option -$2,456,252 2350 95.00% 10/21/2022 22
Long NASDAQ 100 Reduced Value Put Option $2,456,252 2230 99.90% 10/21/2022 22

Top Holdings As of 09/29/22

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
13.22 AAPL APPLE INC 2046251 142.48 8,684 1,237,296.32
10.22 MSFT MICROSOFT CORP 2588173 237.50 4,030 957,125.00
6.75 AMZN AMAZON.COM INC 2000019 114.80 5,505 631,974.00
4.81 TSLA TESLA INC B616C79 268.21 1,679 450,324.59
3.49 GOOG ALPHABET INC-CL C BYY88Y7 98.09 3,330 326,639.70
3.37 GOOGL ALPHABET INC-CL A BYVY8G0 97.42 3,240 315,640.80
2.69 META META PLATFORMS INC B7TL820 136.41 1,845 251,676.45
2.47 NVDA NVIDIA CORP 2379504 122.20 1,894 231,446.80
2.37 NDX US 10/21/22 P11150 37,000.00 6 222,000.00
2.20 PEP PEPSICO INC 2681511 166.61 1,237 206,096.57
2.03 COST COSTCO WHOLESALE CORP 2701271 478.98 397 190,155.06
1.75 AVGO BROADCOM INC BDZ78H9 450.13 363 163,397.19
1.62 TMUS T-MOBILE US INC B94Q9V0 134.64 1,124 151,335.36
1.61 CSCO CISCO SYSTEMS INC 2198163 40.57 3,712 150,595.84
1.39 TXN TEXAS INSTRUMENTS INC 2885409 158.45 819 129,770.55
1.28 CMCSA COMCAST CORP-CLASS A 2044545 30.43 3,948 120,137.64
1.25 ADBE ADOBE INC 2008154 278.25 420 116,865.00
1.24 QCOM QUALCOMM INC 2714923 114.84 1,007 115,643.88
1.17 AMGN AMGEN INC 2023607 228.41 480 109,636.80
1.10 HON HONEYWELL INTL 2020459 170.07 604 102,722.28
1.07 INTU INTUIT INC 2459020 396.81 253 100,392.93
1.04 INTC INTEL CORP 2463247 26.38 3,681 97,104.78
1.02 NFLX NETFLIX INC 2857817 239.71 399 95,644.29
0.99 AMD ADVANCED MICRO DEVICES 2007849 64.14 1,447 92,810.61
0.98 PYPL PAYPAL HOLDINGS INC BYW36M8 88.70 1,037 91,981.90
0.95 SBUX STARBUCKS CORP 2842255 86.57 1,029 89,080.53
0.91 ADP AUTOMATIC DATA PROCESSING 2065308 227.75 373 84,950.75
0.89 NQX US 10/21/22 P2230 7,540.00 11 82,940.00
0.76 GILD GILEAD SCIENCES INC 2369174 63.07 1,124 70,890.68
0.74 MDLZ MONDELEZ INTER-A B8CKK03 56.67 1,229 69,647.43
0.72 VRTX VERTEX PHARM 2931034 292.80 230 67,344.00
0.71 REGN REGENERON PHARMACEUTICALS 2730190 691.82 96 66,414.72
0.70 ADI ANALOG DEVICES INC 2032067 141.99 461 65,457.39
0.70 AMAT APPLIED MATERIALS INC 2046552 84.42 771 65,087.82
0.65 ISRG INTUITIVE SURGICAL INC 2871301 189.06 320 60,499.20
0.63 BKNG BOOKING HOLDINGS INC BDRXDB4 1,678.92 35 58,762.20
0.58 FISV FISERV INC 2342034 94.85 573 54,349.05
0.56 ATVI ACTIVISION BLIZZARD INC 2575818 74.87 701 52,483.87
0.56 CSX CSX CORP 2160753 27.19 1,920 52,204.80
0.53 MU MICRON TECHNOLOGY INC 2588184 50.01 989 49,459.89
0.49 KDP KEURIG DR PEPPER INC BD3W133 36.12 1,270 45,872.40
0.49 LRCX LAM RESEARCH CORP 2502247 370.55 123 45,577.65
0.48 CHTR CHARTER COMMUN-A BZ6VT82 312.59 144 45,012.96
0.47 PANW PALO ALTO NETWORKS INC B87ZMX0 165.58 268 44,375.44
0.45 SNPS SYNOPSYS INC 2867719 309.22 137 42,363.14
0.44 MNST MONSTER BEVERAGE CORP BZ07BW4 88.01 472 41,540.72
0.44 MRNA MODERNA INC BGSXTS3 118.07 351 41,442.57
0.44 AEP AMERICAN ELECTRIC POWER 2026242 89.07 461 41,061.27
0.44 MAR MARRIOTT INTL-A 2210614 140.51 291 40,888.41
0.43 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 711.76 57 40,570.32
0.43 CDNS CADENCE DESIGN SYS INC 2302232 164.69 246 40,513.74
0.42 KLAC KLA CORP 2480138 310.71 127 39,460.17
0.41 ABNB AIRBNB INC-CLASS A BMGYYH4 106.66 358 38,184.28
0.40 MELI MERCADOLIBRE INC B23X1H3 829.68 45 37,335.60
0.39 KHC KRAFT HEINZ CO/THE BYRY499 33.56 1,099 36,882.44
0.39 ADSK AUTODESK INC 2065159 189.46 194 36,755.24
0.39 PAYX PAYCHEX INC 2674458 113.39 323 36,624.97
0.38 NXPI NXP SEMICONDUCTORS NV B505PN7 151.01 235 35,487.35
0.38 CTAS CINTAS CORP 2197137 389.55 91 35,449.05
0.38 FTNT FORTINET INC B5B2106 49.63 707 35,088.41
0.37 BIIB BIOGEN INC 2455965 264.28 130 34,356.40
0.36 EXC EXELON CORP 2670519 37.75 891 33,635.25
0.35 LULU LULULEMON ATHLETICA INC B23FN39 300.22 110 33,024.20
0.35 ASML ASML HOLDING-NY B908F01 427.78 77 32,939.06
0.35 MRVL MARVELL TECHNOLOGY INC BNKJSM5 42.87 764 32,752.68
0.34 XEL XCEL ENERGY INC 2614807 65.36 490 32,026.40
0.34 CRWD CROWDSTRIKE HO-A BJJP138 165.70 193 31,980.10
0.33 MCHP MICROCHIP TECHNOLOGY INC 2592174 61.99 495 30,685.05
0.31 EA ELECTRONIC ARTS INC 2310194 117.47 249 29,250.03
0.31 AZN ASTRAZENECA PLC-SPONS ADR 2989044 54.91 531 29,157.21
0.31 DXCM DEXCOM INC B0796X4 82.10 352 28,899.20
0.30 WDAY WORKDAY INC-CLASS A B8K6ZD1 156.26 180 28,126.80
0.30 TEAM ATLASSIAN CORP-A BZ09BD1 212.33 130 27,602.90
0.29 DLTR DOLLAR TREE INC 2272476 136.84 201 27,504.84
0.29 ILMN ILLUMINA INC 2613990 193.81 141 27,327.21
0.29 CTSH COGNIZANT TECH-A 2257019 58.45 464 27,120.80
0.28 PCAR PACCAR INC 2665861 84.87 312 26,479.44
0.28 ROST ROSS STORES INC 2746711 84.03 314 26,385.42
0.27 PDD PINDUODUO INC-ADR BYVW0F7 60.77 420 25,523.40
0.27 ODFL OLD DOMINION FREIGHT LINE 2656423 254.18 100 25,418.00
0.27 IDXX IDEXX LABORATORIES INC 2459202 331.81 75 24,885.75
0.26 VRSK VERISK ANALYTICS INC B4P9W92 173.55 141 24,470.55
0.26 WBA WALGREENS BOOTS BTN1Y44 31.55 775 24,451.25
0.26 CEG CONSTELLATION ENERGY BMH4FS1 83.04 293 24,330.69
0.26 FAST FASTENAL CO 2332262 46.57 515 23,983.55
0.25 CPRT COPART INC 2208073 109.78 213 23,383.14
0.25 JD JD.COM INC-ADR BMM27D9 51.25 452 23,165.00
0.24 DDOG DATADOG INC - CLASS A BKT9Y49 87.45 261 22,824.45
0.24 SGEN SEAGEN INC BLPK4D2 135.70 165 22,390.50
0.23 LCID LUCID GROUP INC BP0TR77 14.19 1,504 21,341.76
0.23 ZS ZSCALER INC BZ00V34 165.89 127 21,068.03
0.22 SIRI SIRIUS XM HOLDINGS INC BGLDK10 5.78 3,491 20,177.98
0.21 BIDU BAIDU INC - SPON ADR B0FXT17 117.72 163 19,188.36
0.19 ANSS ANSYS INC 2045623 227.53 78 17,747.34
0.19 EBAY EBAY INC 2293819 37.69 461 17,375.09
0.17 VRSN VERISIGN INC 2142922 176.17 91 16,031.47
0.17 ZM ZOOM VIDEO COM-A BGSP7M9 74.47 207 15,415.29
0.16 ALGN ALIGN TECHNOLOGY INC 2679204 211.01 70 14,770.70
0.13 SWKS SKYWORKS SOLUTIONS INC 2961053 89.26 133 11,871.58
0.12 MTCH MATCH GROUP INC BK80XH9 48.25 235 11,338.75
0.12 NTES NETEASE INC-ADR 2606440 75.18 149 11,201.82
0.11 SPLK SPLUNK INC B424494 77.80 133 10,347.40
0.10 DOCU DOCUSIGN INC BFYT7B7 55.20 163 8,997.60
0.08 CASH 1.00 7,277 7,277.08
0.07 OKTA OKTA INC BDFZSP1 56.80 122 6,929.60
-0.36 NQX US 10/21/22 C2350 3,050.00 -11 -33,550.00
-0.95 NDX US 10/21/22 C11750 14,800.00 -6 -88,800.00
Holdings are subject to change.

ETF Characteristics As of 09/29/22

Return on Equity 24.30%
Weighted Avg. Market Cap 863,334 M
2021 2022
Price-to-earnings 21.98 22.37
Price-to-book value 6.00 4.96

Source: AltaVista Research, LLC

ETF Risk Stats As of 08/31/22

Versus Beta
S&P 500 0.38
MSCI EAFE 0.36
MSCI Emg. Mkts 0.31
Standard Deviation 9.20%

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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