XRMI seeks to generate an alternative source of income by selling covered calls.
XRMI buys protective puts to mitigate the risks of a major market selloff.
XRMI has made monthly distributions 3 years running.
Key Information |
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.
Trading Details |
Distributions |
Taxes |
NAV | Daily Change | |||
Market Price | Daily Change |
Fund NAV | Market Price | Index | |
---|---|---|---|
Options Details |
Net Assets (%) | Ticker | Name | SEDOL | Shares Held | Market Value |
---|---|---|---|---|---|
Exposure |
ETF Characteristics |
ETF Risk Stats |
Return on Equity | 19.70% | |
Weighted Avg. Market Cap | 965,201 M | |
2024 | 2025 | |
Price-to-earnings | 24.92 | 22.15 |
Price-to-book value | 4.70 | 4.08 |
Option Positions | Notional Exposure | Strike | Upside Before Cap | Expiration Date | Calendar Days to Expiry |
---|---|---|---|---|---|
Short S&P 500 Mini Call Option | -$418,661 | 592 | 0.00% | Jun 20 2025 | 2 |
Short S&P 500 Call Option | -$46,650,787 | 5920 | 0.00% | Jun 20 2025 | 2 |
Option Positions | Notional Exposure | Strike | Downside Before Floor | Expiration Date | Calendar Days to Expiry |
---|---|---|---|---|---|
Long S&P 500 Put Option | $46,650,787 | 5625 | -5.95% | Jun 20 2025 | 2 |
Long S&P 500 Mini Put Option | $418,661 | 562 | -6.03% | Jun 20 2025 | 2 |
* The financial statements include the Fund’s disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.
** The financial statements include the Fund’s disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.
VERSUS | BETA |
---|---|
S&P 500 | 0.31 |
NASDAQ-100 | 0.24 |
MSCI EAFE | 0.25 |
MSCI Emg. Mkts | 0.19 |
Standard Deviation | 6.40% |
NAV | $17.94 | Daily Change | $0.03 | 0.17% |
Market Price | $17.94 | Daily Change | $0.04 | 0.22% |
Fund NAV | Market Price | Index | |
---|---|---|---|
1 Year | 7.80% | 7.73% | 8.46% |
3 Years | 1.51% | 1.48% | 2.28% |
Since Inception | 1.11% | 1.14% | 1.74% |
Net Assets (%) | Ticker | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
---|---|---|---|---|---|---|
7.11 | MSFT | MICROSOFT CORP | 2588173 | 480.24 | 6,906 | 3,316,537.44 |
7.09 | NVDA | NVIDIA CORP | 2379504 | 145.48 | 22,749 | 3,309,524.52 |
5.88 | AAPL | APPLE INC | 2046251 | 196.58 | 13,954 | 2,743,077.32 |
3.99 | AMZN | AMAZON.COM INC | 2000019 | 212.52 | 8,760 | 1,861,675.20 |
3.03 | META | META PLATFORMS INC | B7TL820 | 695.77 | 2,034 | 1,415,196.18 |
2.34 | AVGO | BROADCOM INC | BDZ78H9 | 250.67 | 4,352 | 1,090,915.84 |
2.01 | GOOGL | ALPHABET INC-CL A | BYVY8G0 | 173.32 | 5,415 | 938,527.80 |
1.79 | TSLA | TESLA INC | B616C79 | 322.05 | 2,598 | 836,685.90 |
1.77 | BRK/B | BERKSHIRE HATH-B | 2073390 | 485.14 | 1,702 | 825,708.28 |
1.64 | GOOG | ALPHABET INC-CL C | BYY88Y7 | 173.98 | 4,388 | 763,424.24 |
Holdings are subject to change. "Cash" denotes U.S. dollars.