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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 has made monthly distributions 3 years running.

Key Information As of 12/11/24

Inception Date 08/25/21
Total Expense Ratio 0.61%
Net Assets $17.14 million
NAV $17.14
Fact Sheet View the document

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 12/11/24

Ticker QRMI
Bloomberg Index Ticker NQRMII
CUSIP 37960A503
ISIN US37960A5039
Primary Exchange Nasdaq
Shares Outstanding 1,000,000
Number of Holdings 105
30-Day Median Bid-Ask Spread 0.29%

Distributions As of 12/11/24

30-Day SEC Yield 0.27%
Trailing 12-Month Distribution (%) 12.61%
Distribution Rate 11.59%
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 12/11/24

NAV $17.14 Daily Change $0.02 0.12%
Market Price $17.15 Daily Change $0.00 0.00%

Performance History

As of recent
(09/30/24)
As of recent
(09/30/24)
Fund NAV Market Price Index
1 Year 12.25% 12.51% 13.54%
3 Years -0.29% -0.27% 0.16%
Since Inception -1.05% -0.98% -0.73%
1 Year 13.58% 13.77% 14.86%
3 Years 0.05% 0.03% 0.72%
Since Inception -0.26% -0.23% 0.03%
Year-to-Date 8.49% 8.67% 9.65%
1 Month 1.43% 1.91% 1.56%
3 Months 3.66% 4.03% 3.92%
Since Inception -3.21% -3.00% -2.26%
Year-to-Date 11.13% 11.19% 12.30%
1 Month 1.90% 1.95% 1.93%
3 Months 3.90% 4.27% 4.01%
Since Inception -0.85% -0.75% 0.10%

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 12/11/24

Nasdaq 100 Price 21,763.98 Nasdaq 100 Mini Price 217.64

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short NASDAQ Call Option -$17,411,188 20475 0.00% 12/20/2024 9
Short NASDAQ 100 Micro Call Option -$827,031 204 0.00% 12/20/2024 9

Downside Floor Details

Option Positions Notional Exposure Strike Downside Before Floor Expiration Date Calendar Days to Expiry
Long NASDAQ Put Option $17,411,188 19450 -10.63% 12/20/2024 9
Long NASDAQ 100 Micro Put Option $827,031 194 -10.86% 12/20/2024 9

Top Holdings As of 12/11/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
9.32 AAPL APPLE INC 2046251 246.49 6,483 1,597,994.67
8.50 NVDA NVIDIA CORP 2379504 139.31 10,460 1,457,182.60
8.30 MSFT MICROSOFT CORP 2588173 448.99 3,170 1,423,298.30
6.01 AMZN AMAZON.COM INC 2000019 230.26 4,474 1,030,183.24
5.47 META META PLATFORMS INC B7TL820 632.68 1,482 937,631.76
5.45 AVGO BROADCOM INC BDZ78H9 183.20 5,102 934,686.40
5.11 TSLA TESLA INC B616C79 424.77 2,061 875,450.97
2.84 GOOGL ALPHABET INC-CL A BYVY8G0 195.40 2,495 487,523.00
2.83 COST COSTCO WHOLESALE CORP 2701271 994.69 488 485,408.72
2.73 GOOG ALPHABET INC-CL C BYY88Y7 196.71 2,378 467,776.38
2.58 NFLX NETFLIX INC 2857817 936.56 472 442,056.32
1.75 TMUS T-MOBILE US INC B94Q9V0 234.34 1,282 300,423.88
1.56 ADBE ADOBE INC 2008154 549.93 487 267,815.91
1.51 CSCO CISCO SYSTEMS INC 2198163 58.59 4,425 259,260.75
1.38 PEP PEPSICO INC 2681511 156.77 1,508 236,409.16
1.35 AMD ADVANCED MICRO DEVICES 2007849 130.15 1,777 231,276.55
1.35 LIN LINDE PLC BNZHB81 440.53 524 230,837.72
1.24 ISRG INTUITIVE SURGICAL INC 2871301 543.60 390 212,004.00
1.20 INTU INTUIT INC 2459020 670.56 307 205,861.92
1.14 QCOM QUALCOMM INC 2714923 159.83 1,222 195,312.26
1.12 TXN TEXAS INSTRUMENTS INC 2885409 191.70 1,002 192,083.40
1.11 BKNG BOOKING HOLDINGS INC BDRXDB4 5,293.00 36 190,548.00
0.98 CMCSA COMCAST CORP-CLASS A 2044545 39.71 4,238 168,290.98
0.95 HON HONEYWELL INTL 2020459 229.06 712 163,090.72
0.94 AMGN AMGEN INC 2023607 273.41 589 161,038.49
0.90 AMAT APPLIED MATERIALS INC 2046552 171.13 903 154,530.39
0.83 PANW PALO ALTO NETWORKS INC B87ZMX0 398.42 355 141,439.10
0.78 ADP AUTOMATIC DATA PROCESSING 2065308 300.75 446 134,134.50
0.77 VRTX VERTEX PHARM 2931034 468.29 283 132,526.07
0.75 GILD GILEAD SCIENCES INC 2369174 92.38 1,388 128,223.44
0.73 SBUX STARBUCKS CORP 2842255 98.42 1,263 124,304.46
0.72 MU MICRON TECHNOLOGY INC 2588184 102.06 1,213 123,792.72
0.70 ADI ANALOG DEVICES INC 2032067 217.12 552 119,850.24
0.66 LRCX LAM RESEARCH CORP BSML4N7 78.23 1,446 113,120.58
0.64 APP APPLOVIN CORP-CLASS A BMV3LG4 338.21 324 109,580.04
0.63 MRVL MARVELL TECHNOLOGY INC BNKJSM5 111.36 962 107,128.32
0.62 MELI MERCADOLIBRE INC B23X1H3 1,897.87 56 106,280.72
0.60 PYPL PAYPAL HOLDINGS INC BYW36M8 90.75 1,138 103,273.50
0.56 INTC INTEL CORP 2463247 20.12 4,764 95,851.68
0.55 KLAC KLA CORP 2480138 648.84 146 94,730.64
0.55 MDLZ MONDELEZ INTER-A B8CKK03 63.12 1,488 93,922.56
0.54 CTAS CINTAS CORP 2197137 210.97 440 92,826.80
0.54 CDNS CADENCE DESIGN SYS INC 2302232 308.78 299 92,325.22
0.54 CRWD CROWDSTRIKE HO-A BJJP138 362.97 254 92,194.38
0.53 REGN REGENERON PHARMACEUTICALS 2730190 773.00 118 91,214.00
0.52 MAR MARRIOTT INTL-A 2210614 291.73 307 89,561.11
0.50 SNPS SYNOPSYS INC 2867719 512.06 168 86,026.08
0.49 FTNT FORTINET INC B5B2106 98.04 848 83,137.92
0.47 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 1,269.01 64 81,216.64
0.47 CEG CONSTELLATION ENERGY BMH4FS1 236.60 340 80,444.00
0.45 PDD PDD HOLDINGS INC BYVW0F7 103.42 744 76,944.48
0.43 DASH DOORDASH INC - A BN13P03 176.41 419 73,915.79
0.43 ASML ASML HOLDING-NY B908F01 714.43 103 73,586.29
0.42 CSX CSX CORP 2160753 33.61 2,152 72,328.72
0.42 ADSK AUTODESK INC 2065159 307.46 234 71,945.64
0.40 ABNB AIRBNB INC-CLASS A BMGYYH4 138.84 495 68,725.80
0.39 PCAR PACCAR INC 2665861 115.85 581 67,308.85
0.39 CPRT COPART INC 2208073 62.61 1,065 66,679.65
0.39 TTD TRADE DESK INC-A BD8FDD1 134.10 496 66,513.60
0.37 ROP ROPER TECHNOLOGIES INC 2749602 550.39 116 63,845.24
0.37 WDAY WORKDAY INC-CLASS A B8K6ZD1 272.36 231 62,915.16
0.36 NXPI NXP SEMICONDUCTORS NV B505PN7 219.84 277 60,895.68
0.34 CHTR CHARTER COMMUN-A BZ6VT82 378.49 156 59,044.44
0.33 ROST ROSS STORES INC 2746711 153.84 369 56,766.96
0.33 MNST MONSTER BEVERAGE CORP BZ07BW4 52.10 1,085 56,528.50
0.33 PAYX PAYCHEX INC 2674458 141.24 398 56,213.52
0.32 AEP AMERICAN ELECTRIC POWER 2026242 93.63 589 55,148.07
0.32 FANG DIAMONDBACK ENERGY INC B7Y8YR3 163.90 332 54,414.80
0.31 DDOG DATADOG INC - CLASS A BKT9Y49 156.48 344 53,829.12
0.31 LULU LULULEMON ATHLETICA INC B23FN39 399.75 134 53,566.50
0.29 FAST FASTENAL CO 2332262 79.26 633 50,171.58
0.29 KDP KEURIG DR PEPPER INC BD3W133 33.26 1,501 49,923.26
0.28 EA ELECTRONIC ARTS INC 2310194 163.92 294 48,192.48
0.28 ODFL OLD DOMINION FREIGHT LINE 2656423 204.81 232 47,515.92
0.28 TEAM ATLASSIAN CORP-CL A BQ1PC76 274.65 173 47,514.45
0.27 BKR BAKER HUGHES CO BDHLTQ5 42.46 1,094 46,451.24
0.27 VRSK VERISK ANALYTICS INC B4P9W92 285.02 162 46,173.24
0.26 CTSH COGNIZANT TECH-A 2257019 81.25 545 44,281.25
0.25 AZN ASTRAZENECA PLC-SPONS ADR 2989044 67.40 642 43,270.80
0.25 XEL XCEL ENERGY INC 2614807 68.36 614 41,973.04
0.24 KHC KRAFT HEINZ CO/THE BYRY499 31.29 1,334 41,740.86
0.24 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 82.75 504 41,706.00
0.24 EXC EXELON CORP 2670519 36.76 1,104 40,583.04
0.23 CCEP COCA-COLA EUROPA BYQQ3P5 78.87 506 39,908.22
0.23 IDXX IDEXX LABORATORIES INC 2459202 437.08 89 38,900.12
0.22 TTWO TAKE-TWO INTERAC 2122117 190.46 199 37,901.54
0.21 MCHP MICROCHIP TECHNOLOGY INC 2592174 61.52 592 36,419.84
0.21 CSGP COSTAR GROUP INC 2262864 77.58 469 36,385.02
0.21 ZS ZSCALER INC BZ00V34 207.92 174 36,178.08
0.20 DXCM DEXCOM INC B0796X4 80.47 430 34,602.10
0.20 ANSS ANSYS INC 2045623 344.00 99 34,056.00
0.20 ON ON SEMICONDUCTOR 2583576 67.97 491 33,373.27
0.18 WBD WARNER BROS DISCOVERY INC BM8JYX3 10.82 2,777 30,047.14
0.16 GFS GLOBALFOUNDRIES INC BMW7F63 43.85 624 27,362.40
0.16 CDW CDW CORP/DE BBM5MD6 178.25 152 27,094.00
0.16 ILMN ILLUMINA INC 2613990 147.64 182 26,870.48
0.16 BIIB BIOGEN INC 2455965 157.46 170 26,768.20
0.15 SMCI SUPER MICRO COMPUTER INC BRC3N73 38.29 662 25,347.98
0.15 MDB MONGODB INC BF2FJ99 297.20 85 25,262.00
0.12 ARM ARM HOLDINGS PLC-ADR BNSP5P7 143.16 141 20,185.56
0.11 MRNA MODERNA INC BGSXTS3 42.86 444 19,029.84
0.05 OTHER PAYABLE & RECEIVABLES 1.00 9,088 9,087.95
0.03 CASH 1.00 4,376 4,375.86
0.02 NDX US 12/20/24 P19450 480.00 8 3,840.00
0.00 XND US 12/20/24 P194 12.92 38 490.96
-0.31 XND US 12/20/24 C204 1,402.50 -38 -53,295.00
-6.20 NDX US 12/20/24 C20475 132,765.00 -8 -1,062,120.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 12/11/24

Return on Equity 21.60%
Weighted Avg. Market Cap 1,084,100 M
2023 2024
Price-to-earnings 36.49 31.82
Price-to-book value 7.47 6.36

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 11/30/24

Versus Beta
S&P 500 0.38
NASDAQ-100 0.33
MSCI EAFE 0.31
MSCI Emg. Mkts 0.25
Standard Deviation 8.30%

Source: new windowAltaVista Research, LLC

ETF Research

Risk Management Strategies for a Volatile Market Environment

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Understanding the Income Landscape for Options Strategies

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ETF Documents

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.