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 makes distributions on a monthly basis.

Key Information As of 12/05/23

Inception Date 08/25/21
Total Expense Ratio 0.60%
Net Assets $11.34 million
NAV $16.93
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 12/04/23

Ticker QRMI
Bloomberg Index Ticker NQRMII
CUSIP 37960A503
ISIN US37960A5039
Primary Exchange Nasdaq
Shares Outstanding 670,000
Number of Holdings 105
30-Day Median Bid-Ask Spread 0.30%

Distributions As of 12/05/23

30-Day SEC Yield 0.35%
12-Month Trailing Yield 13.43%
Distribution Yield 11.82%
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 12/05/23

NAV $16.93 Daily Change $0.03 0.18%
Market Price $16.91 Daily Change -$0.01 -0.06%

Performance History

As of recent
(09/30/23)
As of recent
(09/30/23)
Fund NAV Market Price Index
1 Year 5.40% 5.39% 5.67%
Since Inception -6.82% -6.82% -6.89%
1 Year 5.25% 5.07% 5.55%
Since Inception -5.82% -5.85% -5.89%
Year-to-Date 7.72% 7.90% 7.82%
1 Month -2.15% -2.26% -2.11%
3 Months -2.87% -2.93% -2.63%
Since Inception -13.77% -13.78% -13.91%
Year-to-Date 9.06% 9.18% 9.15%
1 Month 2.71% 2.83% 2.64%
3 Months -0.93% -1.10% -0.90%
Since Inception -12.70% -12.76% -12.85%

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 12/04/23

Nasdaq 100 Price 15,839.70 Nasdaq 100 Mini Price 3,167.93

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short NASDAQ Call Option -$9,503,801 15800 0.00% 12/15/2023 11
Short NASDAQ 100 Reduced Value Call Option -$1,900,760 3160 0.00% 12/15/2023 11

Downside Floor Details

Option Positions Notional Exposure Strike Downside Before Floor Expiration Date Calendar Days to Expiry
Long NASDAQ Put Option $9,503,801 15000 -5.30% 12/15/2023 11
Long NASDAQ 100 Reduced Value Put Option $1,900,760 3000 -5.30% 12/15/2023 11

Top Holdings As of 12/05/23

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
11.48 AAPL APPLE INC 2046251 193.42 6,730 1,301,716.60
10.51 MSFT MICROSOFT CORP 2588173 372.52 3,198 1,191,318.96
5.75 AMZN AMAZON.COM INC 2000019 146.88 4,441 652,294.08
4.37 NVDA NVIDIA CORP 2379504 465.66 1,063 494,996.58
3.76 META META PLATFORMS INC B7TL820 318.29 1,341 426,826.89
3.07 AVGO BROADCOM INC BDZ78H9 913.12 381 347,898.72
2.95 GOOGL ALPHABET INC-CL A BYVY8G0 130.99 2,553 334,417.47
2.92 GOOG ALPHABET INC-CL C BYY88Y7 132.39 2,497 330,577.83
2.88 TSLA TESLA INC B616C79 238.72 1,366 326,091.52
2.24 ADBE ADOBE INC 2008154 602.22 421 253,534.62
2.18 COST COSTCO WHOLESALE CORP 2701271 605.35 409 247,588.15
1.88 PEP PEPSICO INC 2681511 167.94 1,270 213,283.80
1.64 NFLX NETFLIX INC 2857817 455.15 409 186,156.35
1.59 CSCO CISCO SYSTEMS INC 2198163 47.93 3,760 180,216.80
1.56 AMD ADVANCED MICRO DEVICES 2007849 118.38 1,491 176,504.58
1.48 TMUS T-MOBILE US INC B94Q9V0 154.00 1,086 167,244.00
1.43 INTC INTEL CORP 2463247 41.92 3,863 161,936.96
1.39 CMCSA COMCAST CORP-CLASS A 2044545 41.61 3,797 157,993.17
1.30 INTU INTUIT INC 2459020 571.78 258 147,519.24
1.19 QCOM QUALCOMM INC 2714923 130.75 1,030 134,672.50
1.18 AMGN AMGEN INC 2023607 270.87 494 133,809.78
1.16 TXN TEXAS INSTRUMENTS INC 2885409 157.25 837 131,618.25
1.07 HON HONEYWELL INTL 2020459 196.95 613 120,730.35
0.99 AMAT APPLIED MATERIALS INC 2046552 146.15 771 112,681.65
0.92 BKNG BOOKING HOLDINGS INC BDRXDB4 3,148.01 33 103,884.33
0.89 SBUX STARBUCKS CORP 2842255 95.54 1,056 100,890.24
0.88 ISRG INTUITIVE SURGICAL INC 2871301 309.52 324 100,284.48
0.80 GILD GILEAD SCIENCES INC 2369174 79.02 1,149 90,793.98
0.78 MDLZ MONDELEZ INTER-A B8CKK03 70.68 1,254 88,632.72
0.78 ADP AUTOMATIC DATA PROCESSING 2065308 231.56 380 87,992.80
0.76 PDD PDD HOLDINGS INC BYVW0F7 143.46 600 86,076.00
0.75 LRCX LAM RESEARCH CORP 2502247 697.14 122 85,051.08
0.74 VRTX VERTEX PHARM 2931034 354.15 237 83,933.55
0.73 ADI ANALOG DEVICES INC 2032067 180.63 459 82,909.17
0.73 PANW PALO ALTO NETWORKS INC B87ZMX0 292.78 282 82,563.96
0.72 REGN REGENERON PHARMACEUTICALS 2730190 820.90 99 81,269.10
0.66 SNPS SYNOPSYS INC 2867719 535.71 140 74,999.40
0.66 MU MICRON TECHNOLOGY INC 2588184 73.69 1,010 74,426.90
0.64 MELI MERCADOLIBRE INC B23X1H3 1,584.60 46 72,891.60
0.60 KLAC KLA CORP 2480138 537.23 126 67,690.98
0.58 CDNS CADENCE DESIGN SYS INC 2302232 262.18 250 65,545.00
0.54 CSX CSX CORP 2160753 33.29 1,848 61,519.92
0.52 PYPL PAYPAL HOLDINGS INC BYW36M8 57.92 1,012 58,615.04
0.49 MAR MARRIOTT INTL-A 2210614 202.71 275 55,745.25
0.49 ASML ASML HOLDING-NY B908F01 694.53 80 55,562.40
0.47 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 977.97 55 53,788.35
0.46 ABNB AIRBNB INC-CLASS A BMGYYH4 133.71 393 52,548.03
0.46 MNST MONSTER BEVERAGE CORP BZ07BW4 54.26 965 52,360.90
0.46 CTAS CINTAS CORP 2197137 551.08 94 51,801.52
0.45 WDAY WORKDAY INC-CLASS A B8K6ZD1 267.76 190 50,874.40
0.45 LULU LULULEMON ATHLETICA INC B23FN39 456.93 111 50,719.23
0.44 CHTR CHARTER COMMUN-A BZ6VT82 364.40 138 50,287.20
0.44 CRWD CROWDSTRIKE HO-A BJJP138 238.97 208 49,705.76
0.43 NXPI NXP SEMICONDUCTORS NV B505PN7 205.83 237 48,781.71
0.40 PCAR PACCAR INC 2665861 93.87 482 45,245.34
0.38 ADSK AUTODESK INC 2065159 220.45 197 43,428.65
0.38 CPRT COPART INC 2208073 48.79 879 42,886.41
0.37 MCHP MICROCHIP TECHNOLOGY INC 2592174 83.55 501 41,858.55
0.37 DXCM DEXCOM INC B0796X4 117.20 357 41,840.40
0.37 ROST ROSS STORES INC 2746711 132.24 313 41,391.12
0.36 KDP KEURIG DR PEPPER INC BD3W133 32.03 1,287 41,222.61
0.36 PAYX PAYCHEX INC 2674458 123.04 332 40,849.28
0.36 KHC KRAFT HEINZ CO/THE BYRY499 35.84 1,130 40,499.20
0.36 MRVL MARVELL TECHNOLOGY INC BNKJSM5 50.70 794 40,255.80
0.35 IDXX IDEXX LABORATORIES INC 2459202 518.95 77 39,959.15
0.35 ODFL OLD DOMINION FREIGHT LINE 2656423 394.79 100 39,479.00
0.34 FTNT FORTINET INC B5B2106 52.52 723 37,971.96
0.33 AEP AMERICAN ELECTRIC POWER 2026242 79.31 474 37,592.94
0.33 SGEN SEAGEN INC BLPK4D2 215.83 172 37,122.76
0.31 EXC EXELON CORP 2670519 38.50 916 35,266.00
0.31 CEG CONSTELLATION ENERGY BMH4FS1 118.31 296 35,019.76
0.30 AZN ASTRAZENECA PLC-SPONS ADR 2989044 64.01 536 34,309.36
0.30 EA ELECTRONIC ARTS INC 2310194 137.42 249 34,217.58
0.29 CTSH COGNIZANT TECH-A 2257019 70.13 465 32,610.45
0.29 DDOG DATADOG INC - CLASS A BKT9Y49 118.07 275 32,469.25
0.28 FAST FASTENAL CO 2332262 60.75 525 31,893.75
0.28 VRSK VERISK ANALYTICS INC B4P9W92 238.60 133 31,733.80
0.28 CSGP COSTAR GROUP INC 2262864 84.15 375 31,556.25
0.27 XEL XCEL ENERGY INC 2614807 61.03 507 30,942.21
0.27 BIIB BIOGEN INC 2455965 229.57 133 30,532.81
0.27 BKR BAKER HUGHES CO BDHLTQ5 32.80 929 30,471.20
0.25 ON ON SEMICONDUCTOR 2583576 72.28 397 28,695.16
0.25 GEHC GE HEALTHCARE TECHNOLOGY BL6JPG8 67.93 419 28,462.67
0.25 TTD TRADE DESK INC-A BD8FDD1 68.33 410 28,015.30
0.24 MRNA MODERNA INC BGSXTS3 78.28 350 27,398.00
0.24 TEAM ATLASSIAN CORP-CL A BQ1PC76 190.70 141 26,888.70
0.24 ZS ZSCALER INC BZ00V34 198.91 134 26,653.94
0.23 GFS GLOBALFOUNDRIES INC BMW7F63 51.62 503 25,964.86
0.23 DLTR DOLLAR TREE INC 2272476 127.76 202 25,807.52
0.22 FANG DIAMONDBACK ENERGY INC B7Y8YR3 150.15 165 24,774.75
0.22 WBD WARNER BROS DISCOVERY INC BM8JYX3 10.87 2,239 24,337.93
0.20 ANSS ANSYS INC 2045623 279.27 80 22,341.60
0.18 EBAY EBAY INC 2293819 41.48 489 20,283.72
0.14 WBA WALGREENS BOOTS BTN1Y44 20.51 791 16,223.41
0.14 ILMN ILLUMINA INC 2613990 111.76 145 16,205.20
0.14 ZM ZOOM VIDEO COM-A BGSP7M9 68.72 232 15,943.04
0.14 SIRI SIRIUS XM HOLDINGS INC BGLDK10 4.51 3,524 15,893.24
0.13 ALGN ALIGN TECHNOLOGY INC 2679204 215.35 70 15,074.50
0.12 ENPH ENPHASE ENERGY INC B65SQW4 110.00 125 13,750.00
0.11 CASH 1.00 12,227 12,227.27
0.10 JD JD.COM INC-ADR BMM27D9 26.12 415 10,839.80
0.08 LCID LUCID GROUP INC BP0TR77 4.19 2,071 8,677.49
0.07 NDX US 12/15/23 P15000 1,250.00 6 7,500.00
0.04 OTHER PAYABLE & RECEIVABLES 1.00 4,134 4,134.38
0.02 NQX US 12/15/23 P3000 436.50 6 2,619.00
-0.24 NQX US 12/15/23 C3160 4,600.00 -6 -27,600.00
-1.21 NDX US 12/15/23 C15800 22,945.00 -6 -137,670.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 12/04/23

Return on Equity 27.00%
Weighted Avg. Market Cap 1,051,170 M
2022 2023
Price-to-earnings 30.23 26.96
Price-to-book value 7.65 6.95

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 11/30/23

Versus Beta
S&P 500 0.37
NASDAQ-100 0.33
MSCI EAFE 0.32
MSCI Emg. Mkts 0.26
Standard Deviation 9.00%

Source: new windowAltaVista 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.