QRMI


Nasdaq 100 Risk Managed Income ETF

Fund 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.

Fund 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.

Why 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.

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)

Fund Details As of 09/22/21

Key Facts

Ticker QRMI
Inception Date 08/25/21
CUSIP 37960A503
ISIN US37960A5039
Bloomberg Index Ticker NQRMII
Primary Exchange Nasdaq
Number of Holdings 104

Stats & Fees

Net Assets $3,166,949
Net Asset Value (NAV) $24.36
Shares Outstanding 130,000
Total Expense Ratio 0.60%

Distributions

30-Day SEC Yield N/A
Distribution Frequency Monthly

Fund Prices As of 09/22/21

NAV $24.36 Daily Change $0.09 0.36%
Market Price $24.41 Daily Change $0.09 0.37%
30-Day Median Bid-Ask Spread 0.00%

Performance History

As of recent
(06/30/21)
Fund NAV Market Price Index
Year-to-Date -- -- --
1 Month -- -- --
3 Months -- -- --
Since Inception -- -- --
Year-to-Date -- -- --
1 Month -- -- --
3 Months -- -- --
Since Inception 0.20% 0.45% 0.12%

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.

Fund Characteristics As of 09/22/21

Return on Equity 27.90%
Weighted Avg. Market Cap 1,017,570 M
2020 2021
Price-to-earnings 39.02 30.13
Price-to-book value 9.47 7.56

Source: AltaVista Research, LLC

Options Details As of 09/22/21

Option Positions Notional Exposure Strike Moneyness Expiration Date Calendar Days to Expiry
Short NASDAQ 100 Reduced Value Call Option -$3,035,302 3105 97.80% 10/15/2021 23
Long NASDAQ 100 Reduced Value Put Option $3,035,302 2950 97.20% 10/15/2021 23

Top Holdings As of 09/22/21

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
10.94 AAPL APPLE INC 2046251 145.85 2,376 346,539.60
10.18 MSFT MICROSOFT CORP 2588173 298.58 1,080 322,466.40
7.79 AMZN AMAZON.COM INC 2000019 3,380.05 73 246,743.65
4.23 TSLA TESLA INC B616C79 751.94 178 133,845.32
4.09 GOOG ALPHABET INC-CL C BYY88Y7 2,818.77 46 129,663.42
3.81 GOOGL ALPHABET INC-CL A BYVY8G0 2,805.67 43 120,643.81
3.78 NVDA NVIDIA CORP 2379504 219.41 546 119,797.86
3.71 FB FACEBOOK INC-CLASS A B7TL820 343.21 342 117,377.82
2.20 PYPL PAYPAL HOLDINGS INC BYW36M8 272.34 256 69,719.04
2.06 ADBE ADOBE INC 2008154 626.08 104 65,112.32
1.79 NFLX NETFLIX INC 2857817 590.65 96 56,702.40
1.77 CMCSA COMCAST CORP-CLASS A 2044545 56.02 998 55,907.96
1.61 CSCO CISCO SYSTEMS INC 2198163 55.52 918 50,967.36
1.52 INTC INTEL CORP 2463247 53.50 897 47,989.50
1.46 PEP PEPSICO INC 2681511 154.01 301 46,357.01
1.41 AVGO BROADCOM INC BDZ78H9 500.59 89 44,552.51
1.37 COST COSTCO WHOLESALE CORP 2701271 452.33 96 43,423.68
1.24 TXN TEXAS INSTRUMENTS INC 2885409 195.92 201 39,379.92
1.23 MRNA MODERNA INC BGSXTS3 440.72 88 38,783.36
1.10 TMUS T-MOBILE US INC B94Q9V0 127.73 273 34,870.29
1.08 NQX US 10/15/21 P2950 3,405.00 10 34,050.00
1.05 INTU INTUIT INC 2459020 562.80 59 33,205.20
1.04 QCOM QUALCOMM INC 2714923 133.01 247 32,853.47
1.03 HON HONEYWELL INTL 2020459 217.02 150 32,553.00
0.95 CHTR CHARTER COMMUN-A BZ6VT82 751.55 40 30,062.00
0.93 SBUX STARBUCKS CORP 2842255 113.07 260 29,398.20
0.87 AMD ADVANCED MICRO DEVICES 2007849 104.38 263 27,451.94
0.86 AMAT APPLIED MATERIALS INC 2046552 138.10 196 27,067.60
0.84 ISRG INTUITIVE SURGICAL INC 2871301 1,028.47 26 26,740.22
0.83 AMGN AMGEN INC 2023607 213.64 123 26,277.72
0.68 BKNG BOOKING HOLDINGS INC BDRXDB4 2,406.11 9 21,654.99
0.65 MELI MERCADOLIBRE INC B23X1H3 1,879.49 11 20,674.39
0.64 ADI ANALOG DEVICES INC 2032067 173.85 116 20,166.60
0.61 GILD GILEAD SCIENCES INC 2369174 71.38 271 19,343.98
0.60 MDLZ MONDELEZ INTER-A B8CKK03 60.56 312 18,894.72
0.59 LRCX LAM RESEARCH CORP 2502247 601.10 31 18,634.10
0.58 MU MICRON TECHNOLOGY INC 2588184 73.97 247 18,270.59
0.57 ADP AUTOMATIC DATA PROCESSING 2065308 198.31 91 18,046.21
0.49 ASML ASML HOLDING-NY B908F01 864.74 18 15,565.32
0.49 FISV FISERV INC 2342034 108.69 143 15,542.67
0.48 ILMN ILLUMINA INC 2613990 434.59 35 15,210.65
0.48 CSX CSX CORP 2160753 29.86 507 15,139.02
0.47 REGN REGENERON PHARMACEUTICALS 2730190 647.06 23 14,882.38
0.46 ZM ZOOM VIDEO COM-A BGSP7M9 277.95 52 14,453.40
0.43 ADSK AUTODESK INC 2065159 286.42 47 13,461.74
0.41 JD JD.COM INC-ADR BMM27D9 75.92 170 12,906.40
0.40 TEAM ATLASSIAN CORP-A BZ09BD1 406.40 31 12,598.40
0.39 ATVI ACTIVISION BLIZZARD INC 2575818 72.81 169 12,304.89
0.39 ALGN ALIGN TECHNOLOGY INC 2679204 716.61 17 12,182.37
0.38 NXPI NXP SEMICONDUCTORS NV B505PN7 213.08 57 12,145.56
0.38 IDXX IDEXX LABORATORIES INC 2459202 671.47 18 12,086.46
0.38 KLAC KLA CORP 2480138 365.51 33 12,061.83
0.38 DOCU DOCUSIGN INC BFYT7B7 274.04 44 12,057.76
0.38 DXCM DEXCOM INC B0796X4 570.42 21 11,978.82
0.37 CRWD CROWDSTRIKE HO-A BJJP138 259.86 45 11,693.70
0.37 LULU LULULEMON ATHLETICA INC B23FN39 431.18 27 11,641.86
0.36 MRVL MARVELL TECHNOLOGY INC BNKJSM5 62.67 182 11,405.94
0.35 WDAY WORKDAY INC-CLASS A B8K6ZD1 270.71 41 11,099.11
0.35 EXC EXELON CORP 2670519 49.38 221 10,912.98
0.34 MNST MONSTER BEVERAGE CORP BZ07BW4 92.57 117 10,830.69
0.34 KDP KEURIG DR PEPPER INC BD3W133 34.33 312 10,710.96
0.33 SNPS SYNOPSYS INC 2867719 320.52 33 10,577.16
0.33 VRTX VERTEX PHARM 2931034 184.27 56 10,319.12
0.32 EBAY EBAY INC 2293819 73.21 139 10,176.19
0.32 MAR MARRIOTT INTL-A 2210614 144.40 70 10,108.00
0.31 KHC KRAFT HEINZ CO/THE BYRY499 36.13 273 9,863.49
0.30 CDNS CADENCE DESIGN SYS INC 2302232 162.23 59 9,571.57
0.30 MCHP MICROCHIP TECHNOLOGY INC 2592174 161.49 59 9,527.91
0.30 WBA WALGREENS BOOTS BTN1Y44 48.01 195 9,361.95
0.29 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 620.26 15 9,303.90
0.29 BIIB BIOGEN INC 2455965 289.32 32 9,258.24
0.29 MTCH MATCH GROUP INC BK80XH9 153.65 59 9,065.35
0.28 ROST ROSS STORES INC 2746711 114.19 78 8,906.82
0.28 AEP AMERICAN ELECTRIC POWER 2026242 82.72 107 8,851.04
0.28 CTSH COGNIZANT TECH-A 2257019 75.39 117 8,820.63
0.28 CTAS CINTAS CORP 2197137 396.20 22 8,716.40
0.27 BIDU BAIDU INC - SPON ADR B0FXT17 159.88 54 8,633.52
0.27 PAYX PAYCHEX INC 2674458 109.37 78 8,530.86
0.26 EA ELECTRONIC ARTS INC 2310194 126.40 65 8,216.00
0.25 XLNX XILINX INC 2985677 153.82 52 7,998.64
0.25 PDD PINDUODUO INC-ADR BYVW0F7 97.60 81 7,905.60
0.24 OKTA OKTA INC BDFZSP1 257.45 30 7,723.50
0.24 CPRT COPART INC 2208073 144.35 52 7,506.20
0.23 XEL XCEL ENERGY INC 2614807 63.19 117 7,393.23
0.22 VRSK VERISK ANALYTICS INC B4P9W92 205.56 34 6,989.04
0.22 FAST FASTENAL CO 2332262 53.23 130 6,919.90
0.22 CASH 1.00 6,913 6,913.00
0.22 ANSS ANSYS INC 2045623 357.84 19 6,798.96
0.21 SGEN SEAGEN INC BLPK4D2 169.16 39 6,597.24
0.20 PCAR PACCAR INC 2665861 79.42 78 6,194.76
0.19 SWKS SKYWORKS SOLUTIONS INC 2961053 172.92 35 6,052.20
0.19 SPLK SPLUNK INC B424494 149.89 39 5,845.71
0.18 VRSN VERISIGN INC 2142922 214.87 26 5,586.62
0.17 CDW CDW CORP/DE BBM5MD6 189.63 29 5,499.27
0.17 SIRI SIRIUS XM HOLDINGS INC BGLDK10 6.00 910 5,460.00
0.17 PTON PELOTON INTERACTIVE INC-A BJ7WJS2 94.55 57 5,389.35
0.17 NTES NETEASE INC-ADR 2606440 81.33 65 5,286.45
0.15 CERN CERNER CORP 2185284 72.96 65 4,742.40
0.14 DLTR DOLLAR TREE INC 2272476 85.25 52 4,433.00
0.11 INCY INCYTE CORP 2471950 69.59 52 3,618.68
0.11 TCOM TRIP.COM GROUP LTD-ADR BK1K3N2 28.92 117 3,383.64
0.09 FOXA FOX CORP - CLASS A BJJMGL2 38.21 78 2,980.38
0.09 CHKP CHECK POINT SOFTWARE TECH 2181334 114.25 26 2,970.50
0.06 FOX FOX CORP - CLASS B BJJMGY5 35.42 52 1,841.84
-0.69 NQX US 10/15/21 C3105 2,195.00 -10 -21,950.00
Holdings are subject to change.


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.