| NAV | $16.78 | Daily Change | -$0.29 | -1.70% |
| Market Price | $16.76 | Daily Change | -$0.33 | -1.93% |
QRMI seeks to generate an alternative source of income by selling covered calls.
QRMI buys protective puts to mitigate the risks of a major market selloff.
QRMI makes distributions on a monthly basis.
| Inception Date | 08/25/21 |
| Total Expense Ratio | 0.61% |
| Net Assets | $12.75 million |
| NAV | $16.78 |
| Fact Sheet | View the document |
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.
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.
| Ticker | QRMI |
| Bloomberg Index Ticker | NQRMII |
| CUSIP | 37960A503 |
| ISIN | US37960A5039 |
| Primary Exchange | Nasdaq |
| Shares Outstanding | 760,000 |
| Number of Holdings | 0 |
| 30-Day Median Bid-Ask Spread | 0.29% |
| 30-Day SEC Yield | 0.26% |
| 12-Month Trailing Yield | 13.28% |
| Distribution Yield | 12.54% |
| 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)
| NAV | $16.78 | Daily Change | -$0.29 | -1.70% |
| Market Price | $16.76 | Daily Change | -$0.33 | -1.93% |
|
As of recent month & quarter-end (03/31/24)
As of recent month & quarter-end (03/31/24)
|
Fund NAV | Market Price | Index |
|---|---|---|---|
| 1 Year | 8.80% | 8.93% | 9.57% |
| Since Inception | -2.55% | -2.47% | -2.42% |
| 1 Year | 8.80% | 8.93% | 9.57% |
| Since Inception | -2.55% | -2.47% | -2.42% |
| Year-to-Date | 4.81% | 4.99% | 5.26% |
| 1 Month | 1.52% | 1.52% | 1.64% |
| 3 Months | 4.81% | 4.99% | 5.26% |
| Since Inception | -6.50% | -6.29% | -6.17% |
| Year-to-Date | 4.81% | 4.99% | 5.26% |
| 1 Month | 1.52% | 1.52% | 1.64% |
| 3 Months | 4.81% | 4.99% | 5.26% |
| Since Inception | -6.50% | -6.29% | -6.17% |
Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.
| Net Assets (%) | Ticker | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
|---|
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.