QTR


Nasdaq 100 Tail Risk ETF

Reasons to Consider QTR

Growth Potential

QTR offers uncapped exposure to the growth potential1 of the stocks in the Nasdaq 100 Index.

Manage Downside Risk

By buying protective puts, QTR seeks to mitigate significant selloffs of greater than approximately -10% from the purchase of the put to the options’ expiration in three months.

Efficient Options Execution

QTR buys put options on the Nasdaq 100, saving investors the time and potential expense of doing so individually.

1QTR’s growth potential will decrease by the cost of the premiums paid

Key Information As of 03/23/23

Inception Date 08/25/21
Total Expense Ratio 0.61%
Net Assets $1.64 million
NAV $20.46
Fact Sheet

ETF Summary

The Global X Nasdaq 100 Tail Risk ETF (QTR) employs a protective put strategy for investors seeking to buffer against market selloffs. QTR seeks to achieve this outcome by owning the stocks in the Nasdaq 100 Index, coupled with buying 10% out-of-the-money put options2 on the Nasdaq 100 Index.

ETF Objective

The Global X Nasdaq 100 Tail Risk ETF (QTR) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Nasdaq-100 Quarterly Protective Put 90 Index.

Trading Details As of 03/23/23

Ticker QTR
Bloomberg Index Ticker NQTRI
CUSIP 37960A404
ISIN US37960A4040
Primary Exchange Nasdaq
Shares Outstanding 80,000
Number of Holdings 102
30-Day Median Bid-Ask Spread 0.41%

Distributions As of 03/23/23

30-Day SEC Yield 0.30%
Distribution Frequency Semi-Annually

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 (learn more)

ETF Prices As of 03/23/23

NAV $20.46 Daily Change $0.23 1.14%
Market Price $20.46 Daily Change $0.21 1.04%

Performance History

As of recent
(12/31/22)
As of recent
(12/31/22)
Fund NAV Market Price Index
1 Year -28.69% -29.07% -28.37%
Since Inception -20.32% -20.55% -19.97%
1 Year -13.52% -13.36% -13.23%
Since Inception -14.29% -14.27% -13.83%
Year-to-Date -28.69% -29.07% -28.37%
1 Month -8.87% -9.09% -9.08%
3 Months -3.79% -4.22% -4.29%
Since Inception -26.42% -26.71% -25.98%
Year-to-Date 7.63% 8.11% 7.86%
1 Month -0.66% -0.41% -0.63%
3 Months -1.92% -1.72% -1.93%
Since Inception -20.81% -20.77% -20.16%

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 03/23/23

Option Positions Notional Exposure Strike Moneyness Expiration Date Calendar Days to Expiry
Long NASDAQ 100 Reduced Value Put Option $1,527,508 2255 88.60% 06/16/2023 85

Top Holdings As of 03/23/23

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
12.35 MSFT MICROSOFT CORP 2588173 277.66 728 202,136.48
12.14 AAPL APPLE INC 2046251 158.93 1,250 198,662.50
6.07 AMZN AMAZON.COM INC 2000019 98.71 1,006 99,302.26
5.23 NVDA NVIDIA CORP 2379504 271.91 315 85,651.65
3.84 GOOGL ALPHABET INC-CL A BYVY8G0 105.60 596 62,937.60
3.80 GOOG ALPHABET INC-CL C BYY88Y7 106.26 586 62,268.36
3.65 TSLA TESLA INC B616C79 192.22 311 59,780.42
3.53 META META PLATFORMS INC B7TL820 204.28 283 57,811.24
2.07 AVGO BROADCOM INC BDZ78H9 639.23 53 33,879.19
1.88 PEP PEPSICO INC 2681511 175.65 175 30,738.75
1.67 COST COSTCO WHOLESALE CORP 2701271 487.76 56 27,314.56
1.58 CSCO CISCO SYSTEMS INC 2198163 49.73 521 25,909.33
1.42 NQX US 06/16/23 P2255 3,860.00 6 23,160.00
1.35 TMUS T-MOBILE US INC B94Q9V0 142.30 155 22,056.50
1.31 ADBE ADOBE INC 2008154 369.00 58 21,402.00
1.27 TXN TEXAS INSTRUMENTS INC 2885409 180.28 115 20,732.20
1.26 AMD ADVANCED MICRO DEVICES 2007849 100.28 205 20,557.40
1.17 CMCSA COMCAST CORP-CLASS A 2044545 35.97 534 19,207.98
1.12 NFLX NETFLIX INC 2857817 320.37 57 18,261.09
1.07 QCOM QUALCOMM INC 2714923 124.15 141 17,505.15
0.97 HON HONEYWELL INTL 2020459 186.92 85 15,888.20
0.97 AMGN AMGEN INC 2023607 233.10 68 15,850.80
0.95 INTU INTUIT INC 2459020 432.49 36 15,569.64
0.93 INTC INTEL CORP 2463247 29.03 525 15,240.75
0.88 SBUX STARBUCKS CORP 2842255 98.42 146 14,369.32
0.80 AMAT APPLIED MATERIALS INC 2046552 122.78 107 13,137.46
0.78 BKNG BOOKING HOLDINGS INC BDRXDB4 2,538.76 5 12,693.80
0.76 GILD GILEAD SCIENCES INC 2369174 78.76 158 12,444.08
0.74 ADI ANALOG DEVICES INC 2032067 189.45 64 12,124.80
0.71 MDLZ MONDELEZ INTER-A B8CKK03 67.20 173 11,625.60
0.69 REGN REGENERON PHARMACEUTICALS 2730190 802.16 14 11,230.24
0.68 ADP AUTOMATIC DATA PROCESSING 2065308 213.62 52 11,108.24
0.66 ISRG INTUITIVE SURGICAL INC 2871301 244.47 44 10,756.68
0.63 PYPL PAYPAL HOLDINGS INC BYW36M8 72.56 143 10,376.08
0.61 VRTX VERTEX PHARM 2931034 304.75 33 10,056.75
0.54 LRCX LAM RESEARCH CORP 2502247 523.59 17 8,901.03
0.54 FISV FISERV INC 2342034 111.10 79 8,776.90
0.53 MU MICRON TECHNOLOGY INC 2588184 61.34 141 8,648.94
0.49 ATVI ACTIVISION BLIZZARD INC 2575818 79.68 101 8,047.68
0.46 PANW PALO ALTO NETWORKS INC B87ZMX0 193.89 39 7,561.71
0.46 MRNA MODERNA INC BGSXTS3 149.42 50 7,471.00
0.45 ASML ASML HOLDING-NY B908F01 664.16 11 7,305.76
0.45 CSX CSX CORP 2160753 28.08 260 7,300.80
0.44 CDNS CADENCE DESIGN SYS INC 2302232 207.00 35 7,245.00
0.44 SNPS SYNOPSYS INC 2867719 379.40 19 7,208.60
0.44 MELI MERCADOLIBRE INC B23X1H3 1,191.55 6 7,149.30
0.43 KLAC KLA CORP 2480138 388.81 18 6,998.58
0.41 MNST MONSTER BEVERAGE CORP BZ07BW4 102.39 66 6,757.74
0.40 CHTR CHARTER COMMUN-A BZ6VT82 342.17 19 6,501.23
0.39 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 801.38 8 6,411.04
0.39 FTNT FORTINET INC B5B2106 63.25 101 6,388.25
0.38 KDP KEURIG DR PEPPER INC BD3W133 34.11 183 6,242.13
0.38 MAR MARRIOTT INTL-A 2210614 159.98 39 6,239.22
0.38 ABNB AIRBNB INC-CLASS A BMGYYH4 120.30 51 6,135.30
0.37 NXPI NXP SEMICONDUCTORS NV B505PN7 182.04 33 6,007.32
0.36 KHC KRAFT HEINZ CO/THE BYRY499 37.42 158 5,912.36
0.36 MCHP MICROCHIP TECHNOLOGY INC 2592174 82.30 71 5,843.30
0.36 PDD PDD HOLDINGS INC BYVW0F7 77.45 75 5,808.75
0.35 DXCM DEXCOM INC B0796X4 114.50 50 5,725.00
0.34 AEP AMERICAN ELECTRIC POWER 2026242 85.41 66 5,637.06
0.34 ADSK AUTODESK INC 2065159 201.14 28 5,631.92
0.34 CTAS CINTAS CORP 2197137 433.15 13 5,630.95
0.33 AZN ASTRAZENECA PLC-SPONS ADR 2989044 67.26 79 5,313.54
0.31 PAYX PAYCHEX INC 2674458 107.88 47 5,070.36
0.31 EXC EXELON CORP 2670519 39.20 128 5,017.60
0.30 LULU LULULEMON ATHLETICA INC B23FN39 308.22 16 4,931.52
0.30 WDAY WORKDAY INC-CLASS A B8K6ZD1 188.04 26 4,889.04
0.30 GFS GLOBALFOUNDRIES INC BMW7F63 69.74 70 4,881.80
0.29 IDXX IDEXX LABORATORIES INC 2459202 478.74 10 4,787.40
0.29 BIIB BIOGEN INC 2455965 265.17 18 4,773.06
0.29 SGEN SEAGEN INC BLPK4D2 198.10 24 4,754.40
0.29 PCAR PACCAR INC 2665861 69.81 67 4,677.27
0.28 MRVL MARVELL TECHNOLOGY INC BNKJSM5 42.28 110 4,650.80
0.28 ODFL OLD DOMINION FREIGHT LINE 2656423 329.50 14 4,613.00
0.28 ROST ROSS STORES INC 2746711 101.63 45 4,573.35
0.28 WBD WARNER BROS DISCOVERY INC BM8JYX3 14.53 313 4,547.89
0.28 XEL XCEL ENERGY INC 2614807 63.31 71 4,495.01
0.27 CPRT COPART INC 2208073 71.23 61 4,345.03
0.27 ILMN ILLUMINA INC 2613990 216.95 20 4,339.00
0.26 EA ELECTRONIC ARTS INC 2310194 116.04 36 4,177.44
0.24 DLTR DOLLAR TREE INC 2272476 135.46 29 3,928.34
0.23 CTSH COGNIZANT TECH-A 2257019 58.16 66 3,838.56
0.23 FAST FASTENAL CO 2332262 51.74 74 3,828.76
0.23 CRWD CROWDSTRIKE HO-A BJJP138 134.54 28 3,767.12
0.23 ENPH ENPHASE ENERGY INC B65SQW4 204.66 18 3,683.88
0.22 VRSK VERISK ANALYTICS INC B4P9W92 181.82 20 3,636.40
0.22 WBA WALGREENS BOOTS BTN1Y44 32.33 112 3,620.96
0.21 ANSS ANSYS INC 2045623 314.65 11 3,461.15
0.21 BKR BAKER HUGHES CO BDHLTQ5 26.73 129 3,448.17
0.21 CSGP COSTAR GROUP INC 2262864 65.85 52 3,424.20
0.19 ALGN ALIGN TECHNOLOGY INC 2679204 311.48 10 3,114.80
0.19 CEG CONSTELLATION ENERGY BMH4FS1 73.40 42 3,082.80
0.18 EBAY EBAY INC 2293819 42.45 70 2,971.50
0.18 TEAM ATLASSIAN CORP -CLASS A BQ1PC76 153.29 19 2,912.51
0.18 FANG DIAMONDBACK ENERGY INC B7Y8YR3 126.63 23 2,912.49
0.16 DDOG DATADOG INC - CLASS A BKT9Y49 67.44 38 2,562.72
0.14 JD JD.COM INC-ADR BMM27D9 40.07 57 2,283.99
0.14 ZM ZOOM VIDEO COM-A BGSP7M9 69.19 32 2,214.08
0.13 ZS ZSCALER INC BZ00V34 112.56 19 2,138.64
0.11 SIRI SIRIUS XM HOLDINGS INC BGLDK10 3.61 501 1,808.61
0.11 LCID LUCID GROUP INC BP0TR77 8.19 215 1,760.85
0.10 RIVN RIVIAN AUTOMOTIVE INC-A BL98841 13.71 117 1,604.07
0.06 CASH 1.00 1,051 1,050.74
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 03/23/23

Return on Equity 23.60%
Weighted Avg. Market Cap 792,079 M
2022 2023
Price-to-earnings 26.26 24.85
Price-to-book value 6.52 5.32

Source: AltaVista Research, LLC

ETF Risk Stats As of 02/28/23

Versus Beta
S&P 500 0.86
MSCI EAFE 0.72
MSCI Emg. Mkts 0.52
Standard Deviation 21.30%

Source: AltaVista Research, LLC

ETF Research

Investing involves risk, including the possible loss of principal. Concentration in a particular industry or sector will subject QTR to loss due to adverse occurrences that may affect that industry or sector. Investors in QTR should be willing to accept a high degree of volatility in the price of the fund’s shares and the possibility of significant losses.

The Fund 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 strike price within a certain period or on a specific date. 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. QTR 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.

Back to Top