XRMI


S&P 500 Risk Managed Income ETF

Reasons to Consider XRMI

Alternative Income Source

XRMI seeks to generate an alternative source of income by selling covered calls.

Risk-Minded Approach

XRMI buys protective puts to mitigate the risks of a major market selloff.

Monthly Distributions

XRMI expects to make distributions on a monthly basis.

Key Information As of 10/27/21

Inception Date 08/25/21
Total Expense Ratio 0.60%
Net Assets $5.35 million
NAV $26.76
Fact Sheet

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 As of 10/27/21

Ticker XRMI
Bloomberg Index Ticker CLL1M
CUSIP 37960A206
ISIN US37960A2069
Primary Exchange NYSE Arca
Shares Outstanding 200,000
Number of Holdings 507
30-Day Median Bid-Ask Spread 0.30%

Distributions As of 10/27/21

30-Day SEC Yield 0.77%
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 10/27/21

NAV $26.76 Daily Change -$0.05 -0.18%
Market Price $26.78 Daily Change -$0.05 -0.20%

Performance History

As of recent month & quarter-end (09/30/21)
Fund NAV Market Price Index
Year-to-Date -- -- --
1 Month -1.69% -1.57% -1.43%
3 Months -- -- --
Since Inception -1.54% -1.20% -1.25%
Year-to-Date -- -- --
1 Month -1.69% -1.57% -1.43%
3 Months -- -- --
Since Inception -1.54% -1.20% -1.25%

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 of the Fund, when observed, is unusual and investors should not expect such performance to be repeated.

Options Details As of 10/27/21

Option Positions Notional Exposure Strike Moneyness Expiration Date Calendar Days to Expiry
Short S&P 500 Mini Call Option -$6,008,218 447 101.80% 11/19/2021 23
Long S&P 500 Mini Put Option $6,008,218 425 93.40% 11/19/2021 23

Top Holdings As of 10/27/21

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
6.41 MSFT MICROSOFT CORP 2588173 323.17 1,168 377,462.56
6.18 AAPL APPLE INC 2046251 148.85 2,445 363,938.25
3.92 AMZN AMAZON.COM INC 2000019 3,392.49 68 230,689.32
2.33 GOOGL ALPHABET INC-CL A BYVY8G0 2,924.35 47 137,444.45
2.24 TSLA TESLA INC B616C79 1,037.86 127 131,808.22
2.19 GOOG ALPHABET INC-CL C BYY88Y7 2,928.55 44 128,856.20
1.97 FB FACEBOOK INC-CLASS A B7TL820 312.22 372 116,145.84
1.62 NVDA NVIDIA CORP 2379504 244.51 391 95,603.41
1.41 BRK/B BERKSHIRE HATH-B 2073390 287.78 289 83,168.42
1.33 JPM JPMORGAN CHASE & CO 2190385 167.83 466 78,208.78
1.15 JNJ JOHNSON & JOHNSON 2475833 163.74 413 67,624.62
1.13 UNH UNITEDHEALTH GROUP INC 2917766 453.48 147 66,661.56
1.05 HD HOME DEPOT INC 2434209 372.32 166 61,805.12
0.96 V VISA INC-CLASS A SHARES B2PZN04 215.78 262 56,534.36
0.93 BAC BANK OF AMERICA CORP 2295677 47.04 1,164 54,754.56
0.91 PG PROCTER & GAMBLE CO/THE 2704407 141.83 378 53,611.74
0.83 DIS WALT DISNEY CO/THE 2270726 169.55 287 48,660.85
0.79 ADBE ADOBE INC 2008154 640.08 73 46,725.84
0.77 CRM SALESFORCE.COM INC 2310525 295.15 154 45,453.10
0.77 NFLX NETFLIX INC 2857817 662.92 68 45,078.56
0.76 MA MASTERCARD INC - A B121557 335.72 134 44,986.48
0.73 XOM EXXON MOBIL CORP 2326618 64.13 667 42,774.71
0.73 PYPL PAYPAL HOLDINGS INC BYW36M8 234.94 182 42,759.08
0.65 CMCSA COMCAST CORP-CLASS A 2044545 52.44 726 38,071.44
0.65 PFE PFIZER INC 2684703 42.97 886 38,071.42
0.65 TMO THERMO FISHER 2886907 612.29 62 37,961.98
0.64 CSCO CISCO SYSTEMS INC 2198163 56.18 666 37,415.88
0.61 ABT ABBOTT LABORATORIES 2002305 127.71 283 36,141.93
0.60 PEP PEPSICO INC 2681511 160.61 220 35,334.20
0.59 ACN ACCENTURE PLC-CL A B4BNMY3 354.05 98 34,696.90
0.58 CVX CHEVRON CORP 2838555 112.07 306 34,293.42
0.58 KO COCA-COLA CO/THE 2206657 55.52 616 34,200.32
0.58 VZ VERIZON COMMUNIC 2090571 52.63 649 34,156.87
0.57 AVGO BROADCOM INC BDZ78H9 523.11 64 33,479.04
0.56 COST COSTCO WHOLESALE CORP 2701271 488.32 68 33,205.76
0.55 NKE NIKE INC -CL B 2640147 162.35 201 32,632.35
0.55 WMT WALMART INC 2936921 147.53 220 32,456.60
0.55 MRK MERCK & CO. INC. 2778844 81.54 397 32,371.38
0.54 WFC WELLS FARGO & CO 2649100 50.05 633 31,681.65
0.53 LLY ELI LILLY & CO 2516152 250.17 124 31,021.08
0.52 INTC INTEL CORP 2463247 47.89 641 30,697.49
0.52 ABBV ABBVIE INC B92SR70 108.40 282 30,568.80
0.51 DHR DANAHER CORP 2250870 305.24 98 29,913.52
0.48 T AT&T INC 2831811 25.06 1,132 28,367.92
0.47 MCD MCDONALD'S CORP 2550707 242.73 113 27,428.49
0.46 TXN TEXAS INSTRUMENTS INC 2885409 187.10 145 27,129.50
0.46 INTU INTUIT INC 2459020 613.13 44 26,977.72
0.45 MDT MEDTRONIC PLC BTN1Y11 122.50 216 26,460.00
0.45 NEE NEXTERA ENERGY INC 2328915 85.01 308 26,183.08
0.44 LIN LINDE PLC BZ12WP8 318.97 81 25,836.57
0.43 LOW LOWE'S COS INC 2536763 231.77 110 25,494.70
0.43 ORCL ORACLE CORP 2661568 96.03 264 25,351.92
0.42 UNP UNION PACIFIC CORP 2914734 239.38 102 24,416.76
0.41 AMD ADVANCED MICRO DEVICES 2007849 122.28 195 23,844.60
0.40 HON HONEYWELL INTL 2020459 215.72 110 23,729.20
0.40 QCOM QUALCOMM INC 2714923 131.20 178 23,353.60
0.40 UPS UNITED PARCEL-B 2517382 212.21 110 23,343.10
0.40 PM PHILIP MORRIS IN B2PKRQ3 94.87 246 23,338.02
0.38 MS MORGAN STANLEY 2262314 101.17 220 22,257.40
0.37 C CITIGROUP INC 2297907 70.31 308 21,655.48
0.36 RTX RAYTHEON TECHNOL BM5M5Y3 89.16 240 21,398.40
0.36 GS GOLDMAN SACHS GROUP INC 2407966 410.99 52 21,371.48
0.34 BLK BLACKROCK INC 2494504 917.27 22 20,179.94
0.34 TGT TARGET CORP 2259101 256.54 78 20,010.12
0.34 SBUX STARBUCKS CORP 2842255 113.51 176 19,977.76
0.34 NOW SERVICENOW INC B80NXX8 664.76 30 19,942.80
0.34 BMY BRISTOL-MYERS SQUIBB CO 2126335 56.49 351 19,827.99
0.33 AMT AMERICAN TOWER CORP B7FBFL2 285.42 69 19,693.98
0.33 ISRG INTUITIVE SURGICAL INC 2871301 348.98 56 19,542.88
0.33 SCHW SCHWAB (CHARLES) CORP 2779397 81.15 239 19,394.85
0.31 MRNA MODERNA INC BGSXTS3 340.88 54 18,407.52
0.31 XSP US 11/19/21 P425 139.00 132 18,348.00
0.31 BA BOEING CO/THE 2108601 206.61 88 18,181.68
0.31 AMGN AMGEN INC 2023607 206.58 88 18,179.04
0.31 GE GENERAL ELECTRIC CO BL59CR9 103.85 175 18,173.75
0.31 AMAT APPLIED MATERIALS INC 2046552 132.16 137 18,105.92
0.31 AXP AMERICAN EXPRESS CO 2026082 178.03 101 17,981.03
0.30 SPGI S&P GLOBAL INC BYV2325 462.60 38 17,578.80
0.30 CVS CVS HEALTH CORP 2577609 88.09 198 17,441.82
0.29 CAT CATERPILLAR INC 2180201 196.13 88 17,259.44
0.29 IBM IBM 2005973 125.17 136 17,023.12
0.28 ANTM ANTHEM INC BSPHGL4 433.68 38 16,479.84
0.27 PLD PROLOGIS INC B44WZD7 143.86 110 15,824.60
0.27 MMM 3M CO 2595708 178.24 88 15,685.12
0.26 COP CONOCOPHILLIPS 2685717 74.43 208 15,481.44
0.26 CHTR CHARTER COMMUN-A BZ6VT82 714.51 21 15,004.71
0.25 DE DEERE & CO 2261203 338.23 44 14,882.12
0.25 ADI ANALOG DEVICES INC 2032067 170.46 87 14,830.02
0.25 ZTS ZOETIS INC B95WG16 209.33 70 14,653.10
0.25 ADP AUTOMATIC DATA PROCESSING 2065308 221.95 66 14,648.70
0.25 BKNG BOOKING HOLDINGS INC BDRXDB4 2,428.09 6 14,568.54
0.24 PNC PNC FINANCIAL SE 2692665 212.91 66 14,052.06
0.23 SYK STRYKER CORP 2853688 268.50 51 13,693.50
0.23 MO ALTRIA GROUP INC 2692632 47.50 288 13,680.00
0.23 MMC MARSH & MCLENNAN COS 2567741 167.64 80 13,411.20
0.23 MDLZ MONDELEZ INTER-A B8CKK03 60.39 220 13,285.80
0.23 GILD GILEAD SCIENCES INC 2369174 66.77 198 13,220.46
0.22 LMT LOCKHEED MARTIN CORP 2522096 330.94 39 12,906.66
0.22 USB US BANCORP 2736035 60.28 210 12,658.80
0.21 CB CHUBB LTD B3BQMF6 190.27 66 12,557.82
0.21 CASH 1.00 12,558 12,557.68
0.21 TFC TRUIST FINANCIAL CORP BKP7287 63.01 198 12,475.98
0.21 CME CME GROUP INC 2965839 217.06 57 12,372.42
0.21 EQIX EQUINIX INC BVLZX12 824.82 15 12,372.30
0.21 CSX CSX CORP 2160753 35.86 342 12,264.12
0.21 LRCX LAM RESEARCH CORP 2502247 553.62 22 12,179.64
0.21 GM GENERAL MOTORS CO B665KZ5 54.26 224 12,154.24
0.21 TJX TJX COMPANIES INC 2989301 64.56 188 12,137.28
0.21 MU MICRON TECHNOLOGY INC 2588184 68.24 177 12,078.48
0.21 SHW SHERWIN-WILLIAMS CO/THE 2804211 317.38 38 12,060.44
0.20 EL ESTEE LAUDER 2320524 325.37 37 12,038.69
0.20 DUK DUKE ENERGY CORP B7VD3F2 102.76 115 11,817.40
0.20 CCI CROWN CASTLE INTL CORP BTGQCX1 178.25 66 11,764.50
0.20 ICE INTERCONTINENTAL BFSSDS9 132.96 88 11,700.48
0.19 AON AON PLC-CLASS A BLP1HW5 316.87 36 11,407.32
0.19 NSC NORFOLK SOUTHERN CORP 2641894 287.06 39 11,195.34
0.18 ADSK AUTODESK INC 2065159 308.51 35 10,797.85
0.18 EW EDWARDS LIFESCIENCES CORP 2567116 116.07 93 10,794.51
0.18 BDX BECTON DICKINSON AND CO 2087807 245.00 44 10,780.00
0.18 CI CIGNA CORP BHJ0775 213.40 50 10,670.00
0.18 ETN EATON CORP PLC B8KQN82 160.12 66 10,567.92
0.18 FIS FIDELITY NATIONA 2769796 114.21 92 10,507.32
0.18 APD AIR PRODS & CHEM 2011602 294.85 35 10,319.75
0.18 HCA HCA HEALTHCARE INC B4MGBG6 245.37 42 10,305.54
0.17 SO SOUTHERN CO/THE 2829601 62.64 164 10,272.96
0.17 TMUS T-MOBILE US INC B94Q9V0 116.62 88 10,262.56
0.17 HUM HUMANA INC 2445063 458.64 22 10,090.08
0.17 COF CAPITAL ONE FINA 2654461 152.50 66 10,065.00
0.17 REGN REGENERON PHARMACEUTICALS 2730190 589.60 17 10,023.20
0.17 CL COLGATE-PALMOLIVE CO 2209106 75.90 132 10,018.80
0.17 FDX FEDEX CORP 2142784 235.29 42 9,882.18
0.17 D DOMINION ENERGY INC 2542049 75.99 130 9,878.70
0.17 ITW ILLINOIS TOOL WORKS 2457552 222.20 44 9,776.80
0.17 BSX BOSTON SCIENTIFIC CORP 2113434 43.73 222 9,708.06
0.16 ATVI ACTIVISION BLIZZARD INC 2575818 78.65 122 9,595.30
0.16 WM WASTE MANAGEMENT INC 2937667 155.15 61 9,464.15
0.16 MCO MOODY'S CORP 2252058 392.64 24 9,423.36
0.16 ECL ECOLAB INC 2304227 221.10 42 9,286.20
0.16 F FORD MOTOR CO 2615468 15.51 596 9,243.96
0.15 ILMN ILLUMINA INC 2613990 412.01 22 9,064.22
0.15 DG DOLLAR GENERAL CORP B5B1S13 220.37 41 9,035.17
0.15 IDXX IDEXX LABORATORIES INC 2459202 640.50 14 8,967.00
0.15 DXCM DEXCOM INC B0796X4 558.54 16 8,936.64
0.15 MSCI MSCI INC B2972D2 637.00 14 8,918.00
0.15 FISV FISERV INC 2342034 98.83 88 8,697.04
0.15 NOC NORTHROP GRUMMAN CORP 2648806 388.15 22 8,539.30
0.14 NXPI NXP SEMICONDUCTORS NV B505PN7 192.41 44 8,466.04
0.14 EMR EMERSON ELECTRIC CO 2313405 96.15 88 8,461.20
0.14 PGR PROGRESSIVE CORP 2705024 94.30 88 8,298.40
0.14 INFO IHS MARKIT LTD BD0Q558 127.64 65 8,296.60
0.14 EOG EOG RESOURCES INC 2318024 93.04 88 8,187.52
0.14 ROP ROPER TECHNOLOGIES INC 2749602 481.19 17 8,180.23
0.14 FCX FREEPORT-MCMORAN INC 2352118 37.00 220 8,140.00
0.14 EXC EXELON CORP 2670519 51.98 154 8,004.92
0.14 VRTX VERTEX PHARM 2931034 180.94 44 7,961.36
0.13 JCI JOHNSON CONTROLS BY7QL61 71.73 110 7,890.30
0.13 EBAY EBAY INC 2293819 77.66 100 7,766.00
0.13 AIG AMERICAN INTERNA 2027342 58.55 132 7,728.60
0.13 GD GENERAL DYNAMICS CORP 2365161 205.79 37 7,614.23
0.13 PXD PIONEER NATURAL 2690830 188.63 40 7,545.20
0.13 KLAC KLA CORP 2480138 340.57 22 7,492.54
0.13 APTV APTIV PLC B783TY6 169.22 44 7,445.68
0.13 PRU PRUDENTIAL FINANCIAL INC 2819118 111.76 66 7,376.16
0.13 TROW T ROWE PRICE GROUP INC 2702337 203.75 36 7,335.00
0.12 TT TRANE TECHNOLOGIES PLC BK9ZQ96 177.86 41 7,292.26
0.12 CDNS CADENCE DESIGN SYS INC 2302232 165.10 44 7,264.40
0.12 ALGN ALIGN TECHNOLOGY INC 2679204 604.39 12 7,252.68
0.12 SPG SIMON PROPERTY GROUP INC 2812452 143.93 50 7,196.50
0.12 TEL TE CONNECTIVITY LTD B62B7C3 142.84 50 7,142.00
0.12 BK BANK NY MELLON B1Z77F6 58.45 122 7,130.90
0.12 CARR CARRIER GLOBAL CORP BK4N0D7 53.04 134 7,107.36
0.12 PSA PUBLIC STORAGE 2852533 322.44 22 7,093.68
0.12 AEP AMERICAN ELECTRIC POWER 2026242 84.30 84 7,081.20
0.12 MET METLIFE INC 2573209 64.29 110 7,071.90
0.12 CMG CHIPOTLE MEXICAN B0X7DZ3 1,766.06 4 7,064.24
0.12 FTNT FORTINET INC B5B2106 320.61 22 7,053.42
0.12 XLNX XILINX INC 2985677 180.85 39 7,053.15
0.12 MAR MARRIOTT INTL-A 2210614 159.80 44 7,031.20
0.12 TRV TRAVELERS COS INC/THE 2769503 159.78 44 7,030.32
0.12 SNPS SYNOPSYS INC 2867719 319.13 22 7,020.86
0.12 NEM NEWMONT CORP 2636607 57.54 122 7,019.88
0.12 MTCH MATCH GROUP INC BK80XH9 158.46 44 6,972.24
0.12 DLR DIGITAL REALTY TRUST INC B03GQS4 156.89 44 6,903.16
0.12 BAX BAXTER INTERNATIONAL INC 2085102 81.94 84 6,882.96
0.12 IQV IQVIA HOLDINGS INC BDR73G1 254.29 27 6,865.83
0.12 ROST ROSS STORES INC 2746711 110.66 62 6,860.92
0.12 SLB SCHLUMBERGER LTD 2779201 32.54 210 6,833.40
0.12 A AGILENT TECHNOLOGIES INC 2520153 155.26 44 6,831.44
0.11 TWTR TWITTER INC BFLR866 54.81 122 6,686.82
0.11 CTSH COGNIZANT TECH-A 2257019 77.71 86 6,683.06
0.11 APH AMPHENOL CORP-CL A 2145084 75.77 88 6,667.76
0.11 PPG PPG INDUSTRIES INC 2698470 161.52 41 6,622.32
0.11 MPC MARATHON PETROLEUM CORP B3K3L40 66.15 100 6,615.00
0.11 PH PARKER HANNIFIN CORP 2671501 297.98 22 6,555.56
0.11 IFF INTL FLAVORS & FRAGRANCES 2464165 148.26 44 6,523.44
0.11 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 650.95 10 6,509.50
0.11 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 250.05 26 6,501.30
0.11 HLT HILTON WORLDWIDE BYVMW06 147.22 44 6,477.68
0.11 LHX L3HARRIS TECHNOLOGIES INC BK9DTN5 228.49 28 6,397.72
0.11 MCHP MICROCHIP TECHNOLOGY INC 2592174 72.37 88 6,368.56
0.11 GPN GLOBAL PAYMENTS INC 2712013 144.13 44 6,341.72
0.11 ROK ROCKWELL AUTOMATION INC 2754060 313.71 20 6,274.20
0.11 CNC CENTENE CORP 2807061 70.55 88 6,208.40
0.11 KMB KIMBERLY-CLARK CORP 2491839 129.26 48 6,204.48
0.11 EA ELECTRONIC ARTS INC 2310194 140.37 44 6,176.28
0.11 DOW DOW INC BHXCF84 56.00 110 6,160.00
0.10 SYY SYSCO CORP 2868165 76.42 78 5,960.76
0.10 SBAC SBA COMMUNICATIONS CORP BZ6TS23 349.35 17 5,938.95
0.10 AMP AMERIPRISE FINANCIAL INC B0J7D57 296.32 20 5,926.40
0.10 CTAS CINTAS CORP 2197137 422.94 14 5,921.16
0.10 CPRT COPART INC 2208073 151.59 39 5,912.01
0.10 RMD RESMED INC 2732903 268.12 22 5,898.64
0.10 EFX EQUIFAX INC 2319146 267.34 22 5,881.48
0.10 DD DUPONT DE NEMOURS INC BK0VN47 69.15 85 5,877.75
0.10 BIIB BIOGEN INC 2455965 259.95 22 5,718.90
0.10 SRE SEMPRA ENERGY 2138158 129.87 44 5,714.28
0.10 ADM ARCHER-DANIELS-MIDLAND CO 2047317 64.53 88 5,678.64
0.10 SIVB SVB FINANCIAL GROUP 2808053 708.15 8 5,665.20
0.10 STZ CONSTELLATION-A 2170473 214.95 26 5,588.70
0.10 HPQ HP INC BYX4D52 29.70 188 5,583.60
0.10 STT STATE STREET CORP 2842040 96.24 58 5,581.92
0.10 XEL XCEL ENERGY INC 2614807 63.39 88 5,578.32
0.09 YUM YUM! BRANDS INC 2098876 125.79 44 5,534.76
0.09 ALL ALLSTATE CORP 2019952 124.90 44 5,495.60
0.09 AZO AUTOZONE INC 2065955 1,825.86 3 5,477.58
0.09 WELL WELLTOWER INC BYVYHH4 82.30 66 5,431.80
0.09 GIS GENERAL MILLS INC 2367026 61.30 88 5,394.40
0.09 PAYX PAYCHEX INC 2674458 122.48 44 5,389.12
0.09 ETSY ETSY INC BWTN5N1 243.89 22 5,365.58
0.09 MNST MONSTER BEVERAGE CORP BZ07BW4 84.88 63 5,347.44
0.09 AME AMETEK INC 2089212 129.88 41 5,325.08
0.09 WMB WILLIAMS COS INC 2967181 28.30 188 5,320.40
0.09 FRC FIRST REPUBLIC BANK/CA B4WHY15 211.91 25 5,297.75
0.09 WLTW WILLIS TOWERS WATSON PLC BDB6Q21 240.26 22 5,285.72
0.09 OTIS OTIS WORLDWIDE CORP BK531S8 79.72 66 5,261.52
0.09 AVB AVALONBAY COMMUNITIES INC 2131179 236.63 22 5,205.86
0.09 VLO VALERO ENERGY CORP 2041364 78.67 66 5,192.22
0.09 WBA WALGREENS BOOTS BTN1Y44 47.12 110 5,183.20
0.09 ANSS ANSYS INC 2045623 370.14 14 5,181.96
0.09 CMI CUMMINS INC 2240202 234.85 22 5,166.70
0.09 KMI KINDER MORGAN INC B3NQ4P8 17.30 298 5,155.40
0.09 PSX PHILLIPS 66 B78C4Y8 77.35 66 5,105.10
0.09 ALB ALBEMARLE CORP 2046853 231.75 22 5,098.50
0.09 DFS DISCOVER FINANCI B1YLC43 115.44 44 5,079.36
0.09 WST WEST PHARMACEUT 2950482 421.34 12 5,056.08
0.09 PEG PUB SERV ENTERP 2707677 63.98 78 4,990.44
0.08 AFL AFLAC INC 2026361 56.00 88 4,928.00
0.08 FAST FASTENAL CO 2332262 55.57 88 4,890.16
0.08 ODFL OLD DOMINION FREIGHT LINE 2656423 323.89 15 4,858.35
0.08 NUE NUCOR CORP 2651086 108.20 44 4,760.80
0.08 ENPH ENPHASE ENERGY INC B65SQW4 216.22 22 4,756.84
0.08 FITB FIFTH THIRD BANCORP 2336747 43.24 110 4,756.40
0.08 BBY BEST BUY CO INC 2094670 118.75 40 4,750.00
0.08 O REALTY INCOME CORP 2724193 73.32 64 4,692.48
0.08 CTVA CORTEVA INC BK73B42 42.11 110 4,632.10
0.08 DLTR DOLLAR TREE INC 2272476 104.49 44 4,597.56
0.08 VRSK VERISK ANALYTICS INC B4P9W92 207.88 22 4,573.36
0.08 KSU KANSAS CITY SOUTHERN 2607647 304.63 15 4,569.45
0.08 CBRE CBRE GROUP INC - A B6WVMH3 103.52 44 4,554.88
0.08 TSCO TRACTOR SUPPLY COMPANY 2900335 206.91 22 4,552.02
0.08 ARE ALEXANDRIA REAL 2009210 205.91 22 4,530.02
0.08 IT GARTNER INC 2372763 320.88 14 4,492.32
0.08 MAA MID-AMERICA APAR 2589132 204.02 22 4,488.44
0.08 LH LABORATORY CP 2586122 280.49 16 4,487.84
0.08 MCK MCKESSON CORP 2378534 203.03 22 4,466.66
0.08 NDAQ NASDAQ INC 2965107 202.39 22 4,452.58
0.08 KEYS KEYSIGHT TECHNOLOGIES IN BQZJ0Q9 176.94 25 4,423.50
0.08 STE STERIS PLC BFY8C75 232.11 19 4,410.09
0.08 TDG TRANSDIGM GROUP INC B11FJK3 629.22 7 4,404.54
0.08 GNRC GENERAC HOLDINGS INC B6197Q2 488.88 9 4,399.92
0.08 OXY OCCIDENTAL PETROLEUM CORP 2655408 33.30 132 4,395.60
0.08 LEN LENNAR CORP-A 2511920 99.72 44 4,387.68
0.07 MTD METTLER-TOLEDO 2126249 1,461.89 3 4,385.67
0.07 AJG ARTHUR J GALLAGHER & CO 2359506 162.20 27 4,379.40
0.07 KR KROGER CO 2497406 39.48 110 4,342.80
0.07 AWK AMERICAN WATER W B2R3PV1 173.22 25 4,330.50
0.07 CZR CAESARS ENTERTAINMENT INC BMWWGB0 110.76 39 4,319.64
0.07 OKE ONEOK INC 2130109 65.21 66 4,303.86
0.07 ED CONSOLIDATED EDISON INC 2216850 75.99 56 4,255.44
0.07 URI UNITED RENTALS INC 2134781 347.55 12 4,170.60
0.07 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 94.45 44 4,155.80
0.07 FTV FORTIVE CORP BYT3MK1 74.07 56 4,147.92
0.07 ZBRA ZEBRA TECH CORP 2989356 517.84 8 4,142.72
0.07 SYF SYNCHRONY FINANCIAL BP96PS6 46.68 88 4,107.84
0.07 LUV SOUTHWEST AIRLINES CO 2831543 46.57 88 4,098.16
0.07 SWK STANLEY BLACK & B3Q2FJ4 186.23 22 4,097.06
0.07 VMC VULCAN MATERIALS CO 2931205 185.03 22 4,070.66
0.07 CDW CDW CORP/DE BBM5MD6 184.37 22 4,056.14
0.07 EXR EXTRA SPACE STORAGE INC B02HWR9 183.86 22 4,044.92
0.07 VRSN VERISIGN INC 2142922 211.83 19 4,024.77
0.07 BLL BALL CORP 2073022 91.45 44 4,023.80
0.07 BR BROADRIDGE FINL B1VP7R6 181.30 22 3,988.60
0.07 TTWO TAKE-TWO INTERAC 2122117 180.91 22 3,980.02
0.07 WEC WEC ENERGY GROUP INC BYY8XK8 89.97 44 3,958.68
0.07 ZBH ZIMMER BIOMET HO 2783815 146.31 27 3,950.37
0.07 HSY HERSHEY CO/THE 2422806 179.51 22 3,949.22
0.07 WY WEYERHAEUSER CO 2958936 35.71 110 3,928.10
0.07 DAL DELTA AIR LINES INC B1W9D46 39.07 100 3,907.00
0.07 GLW CORNING INC 2224701 35.39 110 3,892.90
0.07 DHI DR HORTON INC 2250687 87.77 44 3,861.88
0.07 EQR EQUITY RESIDENTIAL 2319157 87.15 44 3,834.60
0.07 PKI PERKINELMER INC 2305844 173.79 22 3,823.38
0.06 PCAR PACCAR INC 2665861 85.77 44 3,773.88
0.06 TRMB TRIMBLE INC 2903958 85.73 44 3,772.12
0.06 ES EVERSOURCE ENERGY BVVN4Q8 85.58 44 3,765.52
0.06 HES HESS CORP 2023748 84.68 44 3,725.92
0.06 PAYC PAYCOM SOFTWARE INC BL95MY0 531.33 7 3,719.31
0.06 AEE AMEREN CORPORATION 2050832 84.46 44 3,716.24
0.06 CHD CHURCH & DWIGHT CO INC 2195841 84.08 44 3,699.52
0.06 FLT FLEETCOR TECHNOLOGIES INC B4R28B3 262.71 14 3,677.94
0.06 SWKS SKYWORKS SOLUTIONS INC 2961053 165.90 22 3,649.80
0.06 DOV DOVER CORP 2278407 165.63 22 3,643.86
0.06 KHC KRAFT HEINZ CO/THE BYRY499 36.40 100 3,640.00
0.06 QRVO QORVO INC BR9YYP4 165.27 22 3,635.94
0.06 EXPE EXPEDIA GROUP INC B748CK2 164.14 22 3,611.08
0.06 CE CELANESE CORP B05MZT4 163.58 22 3,598.76
0.06 TSN TYSON FOODS INC-CL A 2909730 80.63 44 3,547.72
0.06 MKC MCCORMICK-N/V 2550161 80.47 44 3,540.68
0.06 NTAP NETAPP INC 2630643 88.38 40 3,535.20
0.06 HBAN HUNTINGTON BANCSHARES INC 2445966 15.97 220 3,513.40
0.06 IR INGERSOLL-RAND INC BL5GZ82 53.22 66 3,512.52
0.06 CLX CLOROX COMPANY 2204026 159.57 22 3,510.54
0.06 JBHT HUNT (JB) TRANS 2445416 194.77 18 3,505.86
0.06 RSG REPUBLIC SERVICES INC 2262530 129.13 27 3,486.51
0.06 DVN DEVON ENERGY CORP 2480677 39.61 88 3,485.68
0.06 EIX EDISON INTERNATIONAL 2829515 62.21 56 3,483.76
0.06 MLM MARTIN MARIETTA MATERIALS 2572079 383.20 9 3,448.80
0.06 RF REGIONS FINANCIAL CORP B01R311 23.37 144 3,365.28
0.06 KEY KEYCORP 2490911 23.29 144 3,353.76
0.06 RCL ROYAL CARIBBEAN 2754907 83.49 40 3,339.60
0.06 HAL HALLIBURTON CO 2405302 25.12 132 3,315.84
0.06 IP INTERNATIONAL PAPER CO 2465254 50.18 66 3,311.88
0.06 FE FIRSTENERGY CORP 2100920 37.59 88 3,307.92
0.06 MTB M & T BANK CORP 2340168 149.11 22 3,280.42
0.06 NTRS NORTHERN TRUST CORP 2648668 121.07 27 3,268.89
0.06 WAT WATERS CORP 2937689 361.17 9 3,250.53
0.06 ANET ARISTA NETWORKS INC BN33VM5 402.79 8 3,222.32
0.06 GRMN GARMIN LTD B3Z5T14 146.21 22 3,216.62
0.05 HIG HARTFORD FINL SV 2476193 72.81 44 3,203.64
0.05 PPL PPL CORP 2680905 29.01 110 3,191.10
0.05 DGX QUEST DIAGNOSTICS INC 2702791 143.94 22 3,166.68
0.05 TDY TELEDYNE TECHNOLOGIES INC 2503477 452.34 7 3,166.38
0.05 DRI DARDEN RESTAURANTS INC 2289874 143.53 22 3,157.66
0.05 VIAC VIACOMCBS INC - CLASS B BKTNTR9 35.83 88 3,153.04
0.05 HOLX HOLOGIC INC 2433530 71.66 44 3,153.04
0.05 TYL TYLER TECHNOLOGIES INC 2909644 525.36 6 3,152.16
0.05 MPWR MONOLITHIC POWER B01Z7J1 525.00 6 3,150.00
0.05 PEAK HEALTHPEAK PROPERTIES INC BJBLRK3 35.66 88 3,138.08
0.05 CFG CITIZENS FINANCIAL GROUP BQRX1X3 47.22 66 3,116.52
0.05 VFC VF CORP 2928683 70.83 44 3,116.52
0.05 DRE DUKE REALTY CORP 2284084 55.44 56 3,104.64
0.05 MGM MGM RESORTS INTERNATIONAL 2547419 47.02 66 3,103.32
0.05 ETR ENTERGY CORP 2317087 103.11 30 3,093.30
0.05 ESS ESSEX PROPERTY TRUST INC 2316619 341.92 9 3,077.28
0.05 VTR VENTAS INC 2927925 54.92 56 3,075.52
0.05 CERN CERNER CORP 2185284 69.89 44 3,075.16
0.05 BKR BAKER HUGHES CO BDHLTQ5 25.01 122 3,051.22
0.05 KMX CARMAX INC 2983563 137.15 22 3,017.30
0.05 BBWI BATH & BODY WORKS INC BNNTGJ5 68.52 44 3,014.88
0.05 CRL CHARLES RIVER LA 2604336 430.07 7 3,010.49
0.05 POOL POOL CORP 2781585 499.78 6 2,998.68
0.05 J JACOBS ENGIN GRP 2469052 136.00 22 2,992.00
0.05 DTE DTE ENERGY COMPANY 2280220 113.82 26 2,959.32
0.05 ULTA ULTA BEAUTY INC B28TS42 369.79 8 2,958.32
0.05 CTLT CATALENT INC BP96PQ4 133.02 22 2,926.44
0.05 PFG PRINCIPAL FINANCIAL GROUP 2803014 66.47 44 2,924.68
0.05 AVY AVERY DENNISON CORP 2066408 208.18 14 2,914.52
0.05 GPC GENUINE PARTS CO 2367480 132.43 22 2,913.46
0.05 IEX IDEX CORP 2456612 222.22 13 2,888.86
0.05 HPE HEWLETT PACKA BYVYWS0 14.58 198 2,886.84
0.05 COO COOPER COS INC/THE 2222631 411.95 7 2,883.65
0.05 CBOE CBOE GLOBAL MARKETS INC B5834C5 130.14 22 2,863.08
0.05 MAS MASCO CORP 2570200 64.26 44 2,827.44
0.05 XYL XYLEM INC B3P2CN8 128.00 22 2,816.00
0.05 EVRG EVERGY INC BFMXGR0 63.77 44 2,805.88
0.05 JKHY JACK HENRY 2469193 164.70 17 2,799.90
0.05 AMCR AMCOR PLC BJ1F307 12.03 232 2,790.96
0.05 CTRA COTERRA ENERGY INC 2162340 22.11 126 2,785.86
0.05 PTC PTC INC B95N910 125.01 22 2,750.22
0.05 CDAY CERIDIAN HCM HOLDING INC BFX1V56 125.00 22 2,750.00
0.05 TER TERADYNE INC 2884183 123.07 22 2,707.54
0.05 SJM JM SMUCKER CO/THE 2951452 123.00 22 2,706.00
0.05 K KELLOGG CO 2486813 61.30 44 2,697.20
0.05 RJF RAYMOND JAMES 2718992 99.87 27 2,696.49
0.05 CINF CINCINNATI FINANCIAL CORP 2196888 121.19 22 2,666.18
0.05 CMS CMS ENERGY CORP 2219224 60.35 44 2,655.40
0.05 CCL CARNIVAL CORP 2523044 21.64 122 2,640.08
0.05 EXPD EXPEDITORS INTL WASH INC 2325507 119.78 22 2,635.16
0.05 ABC AMERISOURCEBERGEN CORP 2795393 119.55 22 2,630.10
0.04 PKG PACKAGING CORP OF AMERICA 2504566 135.40 19 2,572.60
0.04 BRO BROWN & BROWN INC 2692687 62.65 41 2,568.65
0.04 AES AES CORP 2002479 25.66 100 2,566.00
0.04 TFX TELEFLEX INC 2881407 366.27 7 2,563.89
0.04 PWR QUANTA SERVICES INC 2150204 116.47 22 2,562.34
0.04 TECH BIO-TECHNE CORP BSHZ3Q0 509.77 5 2,548.85
0.04 GWW WW GRAINGER INC 2380863 424.53 6 2,547.18
0.04 BXP BOSTON PROPERTIES INC 2019479 115.22 22 2,534.84
0.04 LNT ALLIANT ENERGY CORP 2973821 56.51 44 2,486.44
0.04 VTRS VIATRIS INC BMWS3X9 13.10 188 2,462.80
0.04 WDC WESTERN DIGITAL CORP 2954699 55.48 44 2,441.12
0.04 UDR UDR INC 2727910 55.45 44 2,439.80
0.04 RHI ROBERT HALF INTL INC 2110703 109.93 22 2,418.46
0.04 TXT TEXTRON INC 2885937 70.74 34 2,405.16
0.04 DPZ DOMINO'S PIZZA INC B01SD70 480.27 5 2,401.35
0.04 LKQ LKQ CORP 2971029 54.20 44 2,384.80
0.04 IPG INTERPUBLIC GRP 2466321 36.02 66 2,377.32
0.04 FANG DIAMONDBACK ENERGY INC B7Y8YR3 107.58 22 2,366.76
0.04 OMC OMNICOM GROUP 2279303 69.02 34 2,346.68
0.04 EMN EASTMAN CHEMICAL CO 2298386 105.55 22 2,322.10
0.04 CNP CENTERPOINT ENERGY INC 2440637 26.31 88 2,315.28
0.04 AKAM AKAMAI TECHNOLOGIES INC 2507457 104.30 22 2,294.60
0.04 ALLE ALLEGION PLC BFRT3W7 127.39 18 2,293.02
0.04 NLOK NORTONLIFELOCK INC BJN4XN5 25.81 88 2,271.28
0.04 LYV LIVE NATION ENTE B0T7YX2 100.61 22 2,213.42
0.04 FBHS FORTUNE BRANDS H B3MC7D6 99.19 22 2,182.18
0.04 LDOS LEIDOS HOLDINGS INC BDV82B8 98.97 22 2,177.34
0.04 CAG CONAGRA BRANDS INC 2215460 32.62 66 2,152.92
0.04 CHRW CH ROBINSON 2116228 97.64 22 2,148.08
0.04 PHM PULTEGROUP INC 2708841 48.75 44 2,145.00
0.04 UHS UNIVERSAL HLTH-B 2923785 124.92 17 2,123.64
0.04 WRK WESTROCK CO BYR0914 47.70 44 2,098.80
0.04 CTXS CITRIX SYSTEMS INC 2182553 94.98 22 2,089.56
0.04 CAH CARDINAL HEALTH INC 2175672 47.44 44 2,087.36
0.04 HAS HASBRO INC 2414580 94.60 22 2,081.20
0.04 AAP ADVANCE AUTO PARTS INC 2822019 230.35 9 2,073.15
0.04 ABMD ABIOMED INC 2003698 344.58 6 2,067.48
0.03 WYNN WYNN RESORTS LTD 2963811 91.79 22 2,019.38
0.03 ATO ATMOS ENERGY CORP 2315359 91.78 22 2,019.16
0.03 MKTX MARKETAXESS HOLDINGS INC B03Q9D0 403.47 5 2,017.35
0.03 UAL UNITED AIRLINES B4QG225 45.82 44 2,016.08
0.03 FMC FMC CORP 2328603 91.59 22 2,014.98
0.03 IRM IRON MOUNTAIN INC BVFTF03 45.66 44 2,009.04
0.03 GL GLOBE LIFE INC BK6YKG1 90.91 22 2,000.02
0.03 KIM KIMCO REALTY CORP 2491594 22.68 88 1,995.84
0.03 MRO MARATHON OIL CORP 2910970 16.20 122 1,976.40
0.03 BWA BORGWARNER INC 2111955 44.71 44 1,967.24
0.03 WAB WABTEC CORP 2955733 88.91 22 1,956.02
0.03 HWM HOWMET AEROSPACE INC BKLJ8V2 29.38 66 1,939.08
0.03 STX SEAGATE TECHNOLO BKVD2N4 88.03 22 1,936.66
0.03 CF CF INDUSTRIES HO B0G4K50 56.74 34 1,929.16
0.03 XRAY DENTSPLY SIRONA INC BYNPPC6 56.47 34 1,919.98
0.03 AAL AMERICAN AIRLINE BCV7KT2 19.03 100 1,903.00
0.03 CMA COMERICA INC 2212870 84.68 22 1,862.96
0.03 HRL HORMEL FOODS CORP 2437264 42.26 44 1,859.44
0.03 PVH PVH CORP B3V9F12 109.12 17 1,855.04
0.03 HST HOST HOTELS & RESORTS INC 2567503 16.74 110 1,841.40
0.03 LUMN LUMEN TECHNOLOGIES INC BMDH249 11.85 154 1,824.90
0.03 DISH DISH NETWORK CORP-A 2303581 41.42 44 1,822.48
0.03 MOS MOSAIC CO/THE B3NPHP6 41.16 44 1,811.04
0.03 NRG NRG ENERGY INC 2212922 40.58 44 1,785.52
0.03 LVS LAS VEGAS SANDS CORP B02T2J7 40.30 44 1,773.20
0.03 FOXA FOX CORP - CLASS A BJJMGL2 40.20 44 1,768.80
0.03 WRB WR BERKLEY CORP 2093644 80.26 22 1,765.72
0.03 FFIV F5 NETWORKS INC 2427599 216.02 8 1,728.16
0.03 TPR TAPESTRY INC BF09HX3 38.06 44 1,674.64
0.03 HSIC HENRY SCHEIN INC 2416962 74.19 22 1,632.18
0.03 NI NISOURCE INC 2645409 24.62 66 1,624.92
0.03 LNC LINCOLN NATIONAL CORP 2516378 73.40 22 1,614.80
0.03 PNR PENTAIR PLC BLS09M3 73.35 22 1,613.70
0.03 PENN PENN NATIONAL GAMING INC 2682105 72.81 22 1,601.82
0.03 OGN ORGANON & CO BLDC8J4 35.72 44 1,571.68
0.03 REG REGENCY CENTERS CORP 2726177 71.04 22 1,562.88
0.03 BIO BIO-RAD LABORATORIES-A 2098508 764.62 2 1,529.24
0.03 BF/B BROWN-FORMAN CORP-CLASS B 2146838 69.01 22 1,518.22
0.03 NWSA NEWS CORP - CLASS A BBGVT40 22.96 66 1,515.36
0.03 APA APA CORP BNNF1C1 26.90 56 1,506.40
0.03 PNW PINNACLE WEST CAPITAL 2048804 67.29 22 1,480.38
0.02 INCY INCYTE CORP 2471950 64.97 22 1,429.34
0.02 NCLH NORWEGIAN CRUISE B9CGTC3 25.50 56 1,428.00
0.02 DXC DXC TECHNOLOGY CO BYXD7B3 32.30 44 1,421.20
0.02 AOS SMITH (A.O.) CORP 2816023 63.97 22 1,407.34
0.02 ZION ZIONS BANCORP NA 2989828 62.88 22 1,383.36
0.02 BEN FRANKLIN RESOURCES INC 2350684 30.36 44 1,335.84
0.02 JNPR JUNIPER NETWORKS INC 2431846 29.82 44 1,312.08
0.02 SEE SEALED AIR CORP 2232793 58.03 22 1,276.66
0.02 LW LAMB WESTON HOLDINGS INC BDQZFJ3 57.45 22 1,263.90
0.02 WU WESTERN UNION CO B1F76F9 18.61 66 1,228.26
0.02 L LOEWS CORP 2523022 55.59 22 1,222.98
0.02 NWL NEWELL BRANDS INC 2635701 21.73 56 1,216.88
0.02 WHR WHIRLPOOL CORP 2960384 202.10 6 1,212.60
0.02 ROL ROLLINS INC 2747305 35.08 34 1,192.72
0.02 ALK ALASKA AIR GROUP INC 2012605 52.71 22 1,159.62
0.02 PBCT PEOPLE'S UNITED FINANCIAL B1W41J2 17.48 66 1,153.68
0.02 RE EVEREST RE GROUP LTD 2556868 280.18 4 1,120.72
0.02 IVZ INVESCO LTD B28XP76 24.94 44 1,097.36
0.02 NLSN NIELSEN HOLDINGS PLC BWFY550 19.42 56 1,087.52
0.02 LEG LEGGETT & PLATT INC 2510682 46.43 22 1,021.46
0.02 SNA SNAP-ON INC 2818740 202.03 5 1,010.15
0.02 DISCK DISCOVERY INC-C B3D7KG4 22.78 44 1,002.32
0.02 TAP MOLSON COORS-B B067BM3 43.62 22 959.64
0.02 VNO VORNADO REALTY TRUST 2933632 42.92 22 944.24
0.02 CPB CAMPBELL SOUP CO 2162845 39.91 22 878.02
0.01 FOX FOX CORP - CLASS B BJJMGY5 37.48 22 824.56
0.01 HII HUNTINGTON INGAL B40SSC9 202.64 4 810.56
0.01 MHK MOHAWK INDUSTRIES INC 2598699 192.87 4 771.48
0.01 HBI HANESBRANDS INC B1BJSL9 17.03 44 749.32
0.01 GPS GAP INC/THE 2360326 21.76 34 739.84
0.01 AIZ ASSURANT INC 2331430 161.00 4 644.00
0.01 IPGP IPG PHOTONICS CORP 2698782 157.01 4 628.04
0.01 FRT FEDERAL REALTY INVS TRUST 2333931 119.87 5 599.35
0.01 DVA DAVITA INC 2898087 110.92 5 554.60
0.01 DISCA DISCOVERY INC - A B3D7K31 23.60 22 519.20
0.01 NWS NEWS CORP - CLASS B BBGVT51 22.46 22 494.12
0.01 UAA UNDER ARMOUR INC-CLASS A B0PZN11 21.72 22 477.84
0.01 UA UNDER ARMOUR INC-CLASS C BDF9YM2 18.64 22 410.08
0.01 RL RALPH LAUREN CORP B4V9661 121.82 3 365.46
0.00 SLVM SYLVAMO CORP BMW72C8 inf 0 0.01
-2.63 XSP US 11/19/21 C447 1,173.50 -132 -154,902.00
Holdings are subject to change.

ETF Characteristics As of 10/27/21

Return on Equity 21.10%
Weighted Avg. Market Cap 581,192 M
2020 2021
Price-to-earnings 31.50 21.81
Price-to-book value 5.02 4.23

Source: AltaVista Research, LLC

ETF Research

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

XRMI 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. XRMI writes covered call index options on the and purchases put options on S&P 500 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 S&P 500 Index if the put options become in the money (S&P 500 closes below the strike price as of the expiration date); but during periods where the S&P 500 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.

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 S&P or Cboe, nor do these entities 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 these entities.