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XRMI

S&P 500 Risk Managed Income ETF
Key Information

ETF Summary

The Global X S&P 500 Risk Managed Income ETF (XRMI) 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. XRMI seeks to achieve this outcome by owning the stocks in the S&P 500 Index (SPX), while buying 5% out-of-the-money put options2 on SPX and selling at-the-money call options on the same index.

ETF Objective

The Global X S&P 500 Risk Managed Income ETF (XRMI) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P 500 Risk Managed Income Index.
Trading Details
Distributions

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

NAV
Daily Change
Market Price
Daily Change

Performance History

Fund NAVMarket PriceIndex
Options Details

Top Holdings

As of Apr 29 2025
Net Assets (%)TickerNameSEDOLMarket Price ($)Shares HeldMarket Value ($)
7.14AAPLAPPLE INC2046251211.2115,5223,278,401.62
6.59MSFTMICROSOFT CORP2588173394.047,6813,026,621.24
6.00NVDANVIDIA CORP2379504109.0225,3052,758,751.10
3.98AMZNAMAZON.COM INC2000019187.399,7461,826,302.94
2.73METAMETA PLATFORMS INCB7TL820554.442,2631,254,697.72
2.20BRK/BBERKSHIRE HATH-B2073390534.571,8941,012,475.58
2.10GOOGLALPHABET INC-CL ABYVY8G0160.166,028965,444.48
2.02AVGOBROADCOM INCBDZ78H9191.174,844926,027.48
1.84TSLATESLA INCB616C79292.032,892844,550.76
1.72GOOGALPHABET INC-CL CBYY88Y7162.064,886791,825.16

Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure

ETF Characteristics

As of Apr 29 2025
Return on Equity20.10%
Weighted Avg. Market Cap965,201 M
20242025
Price-to-earnings22.0219.39
Price-to-book value4.193.63
ETF Risk Stats

ETF Research

Risk Management Strategies for a Volatile Market Environment

Understanding the Income Landscape for Options Strategies

ETF Documents