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 12/01/22

Inception Date 08/25/21
Total Expense Ratio 0.60%
Net Assets $24.21 million
NAV $21.06
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 12/01/22

Ticker XRMI
Bloomberg Index Ticker CLL1M
CUSIP 37960A206
ISIN US37960A2069
Primary Exchange NYSE Arca
Shares Outstanding 1,150,000
Number of Holdings 507
30-Day Median Bid-Ask Spread 0.43%

Distributions As of 12/01/22

30-Day SEC Yield 1.17%
12-Month Trailing Yield 13.05%
Distribution Yield 11.79%
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 12/01/22

NAV $21.06 Daily Change $0.02 0.08%
Market Price $21.06 Daily Change $0.08 0.36%

Performance History

As of recent
(09/30/22)
As of recent
(09/30/22)
Fund NAV Market Price Index
1 Year -10.84% -10.94% -10.74%
Since Inception -11.18% -10.99% -10.84%
1 Year -12.39% -12.51% -12.21%
Since Inception -9.37% -9.44% -9.04%
Year-to-Date -14.27% -14.23% -14.01%
1 Month -3.54% -3.49% -3.40%
3 Months -4.07% -3.89% -3.83%
Since Inception -12.21% -12.01% -11.85%
Year-to-Date -13.08% -13.32% -12.80%
1 Month 1.40% 1.06% 1.41%
3 Months -5.09% -5.30% -4.80%
Since Inception -10.99% -11.08% -10.61%

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 12/01/22

Option Positions Notional Exposure Strike Moneyness Expiration Date Calendar Days to Expiry
Short S&P 500 Call Option -$24,867,078 3955 103.10% 12/16/2022 15
Long S&P 500 Put Option $24,867,078 3755 92.10% 12/16/2022 15
Short S&P 500 Mini Call Option -$163,063 395 103.20% 12/16/2022 15
Long S&P 500 Mini Put Option $163,063 375 92.00% 12/16/2022 15

Top Holdings As of 12/01/22

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
6.77 AAPL APPLE INC 2046251 148.31 11,054 1,639,418.74
5.74 MSFT MICROSOFT CORP 2588173 254.69 5,458 1,390,098.02
2.56 AMZN AMAZON.COM INC 2000019 95.50 6,481 618,935.50
1.83 GOOGL ALPHABET INC-CL A BYVY8G0 100.99 4,381 442,437.19
1.72 BRK/B BERKSHIRE HATH-B 2073390 315.84 1,320 416,908.80
1.64 GOOG ALPHABET INC-CL C BYY88Y7 101.28 3,917 396,713.76
1.56 TSLA TESLA INC B616C79 194.70 1,945 378,691.50
1.51 UNH UNITEDHEALTH GROUP INC 2917766 535.26 683 365,582.58
1.42 JNJ JOHNSON & JOHNSON 2475833 178.74 1,919 343,002.06
1.39 XOM EXXON MOBIL CORP 2326618 110.80 3,042 337,053.60
1.29 NVDA NVIDIA CORP 2379504 171.35 1,827 313,056.45
1.20 JPM JPMORGAN CHASE & CO 2190385 136.24 2,139 291,417.36
1.08 PG PROCTER & GAMBLE CO/THE 2704407 149.25 1,744 260,292.00
1.07 V VISA INC-CLASS A SHARES B2PZN04 217.00 1,194 259,098.00
1.01 HD HOME DEPOT INC 2434209 327.07 748 244,648.36
0.99 CVX CHEVRON CORP 2838555 182.49 1,315 239,974.35
0.93 MA MASTERCARD INC - A B121557 360.80 623 224,778.40
0.88 LLY ELI LILLY & CO 2516152 370.33 575 212,939.75
0.86 PFE PFIZER INC 2684703 51.08 4,090 208,917.20
0.86 ABBV ABBVIE INC B92SR70 161.63 1,290 208,502.70
0.84 MRK MERCK & CO. INC. 2778844 109.80 1,847 202,800.60
0.83 META META PLATFORMS INC B7TL820 120.44 1,660 199,930.40
0.77 PEP PEPSICO INC 2681511 185.90 1,005 186,829.50
0.77 BAC BANK OF AMERICA CORP 2295677 36.55 5,093 186,149.15
0.75 KO COCA-COLA CO/THE 2206657 63.79 2,835 180,844.65
0.67 COST COSTCO WHOLESALE CORP 2701271 503.86 322 162,242.92
0.67 TMO THERMO FISHER 2886907 564.56 287 162,028.72
0.67 AVGO BROADCOM INC BDZ78H9 550.75 293 161,369.75
0.66 WMT WALMART INC 2936921 153.37 1,038 159,198.06
0.62 CSCO CISCO SYSTEMS INC 2198163 49.97 3,015 150,659.55
0.60 MCD MCDONALD'S CORP 2550707 273.40 535 146,269.00
0.58 ACN ACCENTURE PLC-CL A B4BNMY3 302.83 460 139,301.80
0.57 ABT ABBOTT LABORATORIES 2002305 107.93 1,274 137,502.82
0.54 DHR DANAHER CORP 2250870 274.54 476 130,681.04
0.54 DIS WALT DISNEY CO/THE 2270726 98.59 1,324 130,533.16
0.53 WFC WELLS FARGO & CO 2649100 46.87 2,759 129,314.33
0.52 BMY BRISTOL-MYERS SQUIBB CO 2126335 80.88 1,551 125,444.88
0.51 LIN LINDE PLC BZ12WP8 337.26 363 122,425.38
0.50 NEE NEXTERA ENERGY INC 2328915 84.83 1,426 120,967.58
0.49 TXN TEXAS INSTRUMENTS INC 2885409 177.50 663 117,682.50
0.48 ADBE ADOBE INC 2008154 344.11 340 116,997.40
0.48 VZ VERIZON COMMUNIC 2090571 38.33 3,051 116,944.83
0.48 CMCSA COMCAST CORP-CLASS A 2044545 36.28 3,199 116,059.72
0.48 PM PHILIP MORRIS IN B2PKRQ3 102.46 1,125 115,267.50
0.47 COP CONOCOPHILLIPS 2685717 123.06 926 113,953.56
0.46 AMGN AMGEN INC 2023607 285.94 390 111,516.60
0.44 RTX RAYTHEON TECHNOL BM5M5Y3 99.50 1,073 106,763.50
0.44 HON HONEYWELL INTL 2020459 217.39 490 106,521.10
0.44 CRM SALESFORCE INC 2310525 147.00 724 106,428.00
0.43 QCOM QUALCOMM INC 2714923 126.81 816 103,476.96
0.42 NFLX NETFLIX INC 2857817 316.95 322 102,057.90
0.42 NKE NIKE INC -CL B 2640147 110.77 917 101,576.09
0.42 UPS UNITED PARCEL-B 2517382 190.19 530 100,800.70
0.41 LOW LOWE'S COS INC 2536763 215.48 464 99,982.72
0.41 T AT&T INC 2831811 19.19 5,172 99,250.68
0.40 UNP UNION PACIFIC CORP 2914734 215.93 453 97,816.29
0.40 IBM IBM 2005973 149.16 655 97,699.80
0.40 CVS CVS HEALTH CORP 2577609 101.65 953 96,872.45
0.39 GS GOLDMAN SACHS GROUP INC 2407966 383.81 248 95,184.88
0.38 ORCL ORACLE CORP 2661568 84.11 1,100 92,521.00
0.38 AMD ADVANCED MICRO DEVICES 2007849 77.48 1,171 90,729.10
0.37 ELV ELEVANCE HEALTH INC BSPHGL4 523.97 173 90,646.81
0.37 CAT CATERPILLAR INC 2180201 235.69 384 90,504.96
0.37 SCHW SCHWAB (CHARLES) CORP 2779397 81.73 1,106 90,393.38
0.37 MS MORGAN STANLEY 2262314 93.00 969 90,117.00
0.37 SPGI S&P GLOBAL INC BYV2325 362.58 247 89,557.19
0.37 INTC INTEL CORP 2463247 29.83 2,977 88,803.91
0.37 DE DEERE & CO 2261203 441.81 201 88,803.81
0.36 SBUX STARBUCKS CORP 2842255 103.37 832 86,003.84
0.35 INTU INTUIT INC 2459020 416.07 204 84,878.28
0.34 LMT LOCKHEED MARTIN CORP 2522096 483.69 169 81,743.61
0.33 ADP AUTOMATIC DATA PROCESSING 2065308 267.95 300 80,385.00
0.33 GILD GILEAD SCIENCES INC 2369174 87.90 907 79,725.30
0.33 BLK BLACKROCK INC 2494504 722.18 109 78,717.62
0.32 PLD PROLOGIS INC B44WZD7 117.10 668 78,222.80
0.32 MDT MEDTRONIC PLC BTN1Y11 79.25 963 76,317.75
0.31 AMT AMERICAN TOWER CORP B7FBFL2 221.30 337 74,578.10
0.29 CI CIGNA CORP BHJ0775 323.45 220 71,159.00
0.29 ISRG INTUITIVE SURGICAL INC 2871301 274.49 259 71,092.91
0.29 BA BOEING CO/THE 2108601 175.78 402 70,663.56
0.28 AXP AMERICAN EXPRESS CO 2026082 157.50 433 68,197.50
0.28 TJX TJX COMPANIES INC 2989301 79.74 848 67,619.52
0.28 GE GENERAL ELECTRIC CO BL59CR9 85.26 793 67,611.18
0.28 MDLZ MONDELEZ INTER-A B8CKK03 68.09 989 67,341.01
0.28 AMAT APPLIED MATERIALS INC 2046552 107.01 627 67,095.27
0.28 C CITIGROUP INC 2297907 47.78 1,401 66,939.78
0.27 TMUS T-MOBILE US INC B94Q9V0 151.81 434 65,885.54
0.27 PYPL PAYPAL HOLDINGS INC BYW36M8 78.53 837 65,729.61
0.27 CB CHUBB LTD B3BQMF6 218.32 301 65,714.32
0.27 ADI ANALOG DEVICES INC 2032067 170.72 376 64,190.72
0.26 NOW SERVICENOW INC B80NXX8 425.60 147 62,563.20
0.26 MMC MARSH & MCLENNAN COS 2567741 173.03 361 62,463.83
0.25 MO ALTRIA GROUP INC 2692632 47.01 1,300 61,113.00
0.25 BKNG BOOKING HOLDINGS INC BDRXDB4 2,060.29 29 59,748.41
0.25 EOG EOG RESOURCES INC 2318024 140.54 422 59,307.88
0.24 VRTX VERTEX PHARM 2931034 320.76 184 59,019.84
0.24 SYK STRYKER CORP 2853688 240.77 243 58,507.11
0.24 REGN REGENERON PHARMACEUTICALS 2730190 761.24 76 57,854.24
0.23 NOC NORTHROP GRUMMAN CORP 2648806 530.30 105 55,681.50
0.23 DUK DUKE ENERGY CORP B7VD3F2 100.31 554 55,571.74
0.23 PGR PROGRESSIVE CORP 2705024 131.26 421 55,260.46
0.23 TGT TARGET CORP 2259101 165.03 334 55,120.02
0.22 ZTS ZOETIS INC B95WG16 156.64 337 52,787.68
0.22 SLB SCHLUMBERGER LTD 2779201 51.76 1,019 52,743.44
0.22 CASH 1.00 52,233 52,232.90
0.21 SO SOUTHERN CO/THE 2829601 67.72 764 51,738.08
0.21 BDX BECTON DICKINSON AND CO 2087807 250.83 204 51,169.32
0.21 CSX CSX CORP 2160753 32.68 1,538 50,261.84
0.21 APD AIR PRODS & CHEM 2011602 312.04 161 50,238.44
0.21 MMM 3M CO 2595708 125.99 397 50,018.03
0.20 HUM HUMANA INC 2445063 548.37 90 49,353.30
0.20 PNC PNC FINANCIAL SE 2692665 164.80 294 48,451.20
0.20 FISV FISERV INC 2342034 105.03 460 48,313.80
0.20 BSX BOSTON SCIENTIFIC CORP 2113434 46.12 1,028 47,411.36
0.19 CL COLGATE-PALMOLIVE CO 2209106 77.75 600 46,650.00
0.19 ETN EATON CORP PLC B8KQN82 163.36 285 46,557.60
0.19 AON AON PLC-CLASS A BLP1HW5 303.07 153 46,369.71
0.19 CME CME GROUP INC 2965839 177.90 259 46,076.10
0.19 ITW ILLINOIS TOOL WORKS 2457552 227.43 202 45,940.86
0.19 WM WASTE MANAGEMENT INC 2937667 167.82 271 45,479.22
0.19 LRCX LAM RESEARCH CORP 2502247 463.14 98 45,387.72
0.19 EQIX EQUINIX INC BVLZX12 698.15 64 44,681.60
0.18 TFC TRUIST FINANCIAL CORP BKP7287 46.22 953 44,047.66
0.18 MU MICRON TECHNOLOGY INC 2588184 55.49 793 44,003.57
0.18 USB US BANCORP 2736035 45.35 969 43,944.15
0.18 CCI Crown Castle Inc BTGQCX1 141.71 310 43,930.10
0.18 MRNA MODERNA INC BGSXTS3 181.48 242 43,918.16
0.18 ICE INTERCONTINENTAL BFSSDS9 109.53 399 43,702.47
0.18 NSC NORFOLK SOUTHERN CORP 2641894 256.36 170 43,581.20
0.18 MPC MARATHON PETROLEUM CORP B3K3L40 120.23 358 43,042.34
0.18 GM GENERAL MOTORS CO B665KZ5 40.43 1,046 42,289.78
0.18 SHW SHERWIN-WILLIAMS CO/THE 2804211 251.61 168 42,270.48
0.17 GD GENERAL DYNAMICS CORP 2365161 252.27 162 40,867.74
0.17 PXD PIONEER NATURAL 2690830 239.07 170 40,641.90
0.17 FCX FREEPORT-MCMORAN INC 2352118 39.57 1,023 40,480.11
0.17 EMR EMERSON ELECTRIC CO 2313405 95.64 423 40,455.72
0.17 ATVI ACTIVISION BLIZZARD INC 2575818 75.19 537 40,377.03
0.17 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 857.18 47 40,287.46
0.17 F FORD MOTOR CO 2615468 14.08 2,829 39,832.32
0.16 KLAC KLA CORP 2480138 390.73 101 39,463.73
0.16 MCK MCKESSON CORP 2378534 379.72 103 39,111.16
0.16 SNPS SYNOPSYS INC 2867719 357.84 109 39,004.56
0.16 DG DOLLAR GENERAL CORP B5B1S13 236.34 164 38,759.76
0.16 EL ESTEE LAUDER 2320524 231.96 167 38,737.32
0.16 AEP AMERICAN ELECTRIC POWER 2026242 96.48 400 38,592.00
0.16 AZO AUTOZONE INC 2065955 2,552.97 15 38,294.55
0.16 SRE SEMPRA ENERGY 2138158 167.22 225 37,624.50
0.15 APH AMPHENOL CORP-CL A 2145084 80.87 462 37,361.94
0.15 PSX PHILLIPS 66 B78C4Y8 108.04 344 37,165.76
0.15 VLO VALERO ENERGY CORP 2041364 132.03 281 37,100.43
0.15 HCA HCA HEALTHCARE INC B4MGBG6 238.47 155 36,962.85
0.15 MET METLIFE INC 2573209 76.65 480 36,792.00
0.15 OXY OCCIDENTAL PETROLEUM CORP 2655408 68.80 533 36,670.40
0.15 ADM ARCHER-DANIELS-MIDLAND CO 2047317 91.32 400 36,528.00
0.15 GIS GENERAL MILLS INC 2367026 85.42 425 36,303.50
0.15 CNC CENTENE CORP 2807061 85.81 423 36,297.63
0.15 A AGILENT TECHNOLOGIES INC 2520153 156.12 232 36,219.84
0.15 D DOMINION ENERGY INC 2542049 60.37 596 35,980.52
0.15 KMB KIMBERLY-CLARK CORP 2491839 136.60 262 35,789.20
0.15 PSA PUBLIC STORAGE 2852533 295.48 121 35,753.08
0.15 MAR MARRIOTT INTL-A 2210614 165.19 214 35,350.66
0.15 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 271.78 130 35,331.40
0.14 MCO MOODY'S CORP 2252058 306.08 113 34,587.04
0.14 FIS FIDELITY NATIONA 2769796 73.18 472 34,540.96
0.14 CDNS CADENCE DESIGN SYS INC 2302232 176.78 194 34,295.32
0.14 EW EDWARDS LIFESCIENCES CORP 2567116 77.56 442 34,281.52
0.14 AIG AMERICAN INTERNA 2027342 63.10 542 34,200.20
0.14 CMG CHIPOTLE MEXICAN B0X7DZ3 1,625.83 21 34,142.43
0.14 CTVA CORTEVA INC BK73B42 66.25 511 33,853.75
0.14 ROP ROPER TECHNOLOGIES INC 2749602 444.73 75 33,354.75
0.14 DXCM DEXCOM INC B0796X4 118.03 281 33,166.43
0.14 WMB WILLIAMS COS INC 2967181 34.92 947 33,069.24
0.14 ENPH ENPHASE ENERGY INC B65SQW4 314.00 105 32,970.00
0.14 JCI JOHNSON CONTROLS BY7QL61 66.90 492 32,914.80
0.14 LHX L3HARRIS TECHNOLOGIES INC BK9DTN5 225.39 146 32,906.94
0.14 CHTR CHARTER COMMUN-A BZ6VT82 389.16 84 32,689.44
0.13 ADSK AUTODESK INC 2065159 206.93 156 32,281.08
0.13 NXPI NXP SEMICONDUCTORS NV B505PN7 173.44 186 32,259.84
0.13 DVN DEVON ENERGY CORP 2480677 68.28 467 31,886.76
0.13 ROST ROSS STORES INC 2746711 117.98 270 31,854.60
0.13 TRV TRAVELERS COS INC/THE 2769503 189.14 168 31,775.52
0.13 IQV IQVIA HOLDINGS INC BDR73G1 220.55 144 31,759.20
0.13 PAYX PAYCHEX INC 2674458 125.90 252 31,726.80
0.13 MNST MONSTER BEVERAGE CORP BZ07BW4 103.25 303 31,284.75
0.13 SYY SYSCO CORP 2868165 86.04 363 31,232.52
0.13 AJG ARTHUR J GALLAGHER & CO 2359506 199.72 156 31,156.32
0.13 BIIB BIOGEN INC 2455965 301.85 103 31,090.55
0.13 MCHP MICROCHIP TECHNOLOGY INC 2592174 78.32 391 30,623.12
0.13 FDX FEDEX CORP 2142784 180.45 169 30,496.05
0.13 TT TRANE TECHNOLOGIES PLC BK9ZQ96 178.18 171 30,468.78
0.13 SPG SIMON PROPERTY GROUP INC 2812452 119.01 256 30,466.56
0.12 O REALTY INCOME CORP 2724193 62.81 479 30,085.99
0.12 STZ CONSTELLATION-A 2170473 258.72 114 29,494.08
0.12 AFL AFLAC INC 2026361 71.91 408 29,339.28
0.12 EXC EXELON CORP 2670519 41.53 705 29,278.65
0.12 MSCI MSCI INC B2972D2 521.39 56 29,197.84
0.12 TEL TE CONNECTIVITY LTD B62B7C3 126.80 227 28,783.60
0.12 KMI KINDER MORGAN INC B3NQ4P8 19.15 1,498 28,686.70
0.12 PRU PRUDENTIAL FINANCIAL INC 2819118 107.73 265 28,548.45
0.12 COF CAPITAL ONE FINA 2654461 99.32 286 28,405.52
0.12 PCAR PACCAR INC 2665861 105.95 268 28,394.60
0.12 HES HESS CORP 2023748 143.37 197 28,243.89
0.12 CTAS CINTAS CORP 2197137 462.45 60 27,747.00
0.11 HLT HILTON WORLDWIDE BYVMW06 142.30 194 27,606.20
0.11 NUE NUCOR CORP 2651086 149.25 184 27,462.00
0.11 ILMN ILLUMINA INC 2613990 220.86 124 27,386.64
0.11 XEL XCEL ENERGY INC 2614807 70.19 389 27,303.91
0.11 ED CONSOLIDATED EDISON INC 2216850 97.85 279 27,300.15
0.11 NEM NEWMONT CORP 2636607 48.57 562 27,296.34
0.11 PH PARKER HANNIFIN CORP 2671501 297.52 91 27,074.32
0.11 MTD METTLER-TOLEDO 2126249 1,490.33 18 26,825.94
0.11 CARR CARRIER GLOBAL CORP BK4N0D7 44.93 597 26,823.21
0.11 HSY HERSHEY CO/THE 2422806 231.88 115 26,666.20
0.11 ECL ECOLAB INC 2304227 151.94 174 26,437.56
0.11 RMD RESMED INC 2732903 229.34 115 26,374.10
0.11 SPX US 12/16/22 P3755 430.00 61 26,230.00
0.11 HAL HALLIBURTON CO 2405302 37.89 686 25,992.54
0.11 YUM YUM! BRANDS INC 2098876 129.19 201 25,967.19
0.11 IDXX IDEXX LABORATORIES INC 2459202 439.17 59 25,911.03
0.11 DOW DOW INC BHXCF84 51.07 507 25,892.49
0.11 ALL ALLSTATE CORP 2019952 132.01 196 25,873.96
0.11 DLR DIGITAL REALTY TRUST INC B03GQS4 111.70 230 25,691.00
0.11 CTSH COGNIZANT TECH-A 2257019 62.62 410 25,674.20
0.11 FTNT FORTINET INC B5B2106 55.38 463 25,640.94
0.11 WELL WELLTOWER INC BYVYHH4 70.99 361 25,627.39
0.11 CSGP COSTAR GROUP INC 2262864 82.95 308 25,548.60
0.11 AME AMETEK INC 2089212 143.29 178 25,505.62
0.10 AMP AMERIPRISE FINANCIAL INC B0J7D57 330.93 76 25,150.68
0.10 KR KROGER CO 2497406 48.41 519 25,124.79
0.10 DD DUPONT DE NEMOURS INC BK0VN47 70.42 355 24,999.10
0.10 ANET ARISTA NETWORKS INC BN33VM5 139.78 177 24,741.06
0.10 CMI CUMMINS INC 2240202 249.26 99 24,676.74
0.10 EA ELECTRONIC ARTS INC 2310194 131.62 186 24,481.32
0.10 DLTR DOLLAR TREE INC 2272476 149.72 162 24,254.64
0.10 CEG CONSTELLATION ENERGY BMH4FS1 94.47 256 24,184.34
0.10 TDG TRANSDIGM GROUP INC B11FJK3 634.64 38 24,116.32
0.10 KDP KEURIG DR PEPPER INC BD3W133 38.71 617 23,884.07
0.10 WBA WALGREENS BOOTS BTN1Y44 41.31 575 23,753.25
0.10 FAST FASTENAL CO 2332262 51.56 460 23,717.60
0.10 BK BANK NY MELLON B1Z77F6 45.76 518 23,703.68
0.10 OTIS OTIS WORLDWIDE CORP BK531S8 78.83 296 23,333.68
0.10 SBAC SBA COMMUNICATIONS CORP BZ6TS23 301.21 77 23,193.17
0.10 OKE ONEOK INC 2130109 67.20 345 23,184.00
0.10 KEYS KEYSIGHT TECHNOLOGIES IN BQZJ0Q9 181.48 127 23,047.96
0.10 VICI VICI PROPERTIES INC BYWH073 33.86 678 22,957.08
0.10 PPG PPG INDUSTRIES INC 2698470 134.96 170 22,943.20
0.10 CPRT COPART INC 2208073 67.67 339 22,940.13
0.09 BKR BAKER HUGHES CO BDHLTQ5 29.26 777 22,735.02
0.09 MTB M & T BANK CORP 2340168 168.32 135 22,723.20
0.09 ALB ALBEMARLE CORP 2046853 275.29 82 22,573.78
0.09 ON ON SEMICONDUCTOR 2583576 73.99 304 22,492.96
0.09 TROW T ROWE PRICE GROUP INC 2702337 127.09 176 22,367.84
0.09 ES EVERSOURCE ENERGY BVVN4Q8 83.91 266 22,320.06
0.09 KHC KRAFT HEINZ CO/THE BYRY499 39.49 561 22,153.89
0.09 GWW WW GRAINGER INC 2380863 603.18 36 21,714.48
0.09 RSG REPUBLIC SERVICES INC 2262530 139.75 155 21,661.25
0.09 WEC WEC ENERGY GROUP INC BYY8XK8 97.29 222 21,598.38
0.09 AWK AMERICAN WATER W B2R3PV1 154.01 139 21,407.39
0.09 ROK ROCKWELL AUTOMATION INC 2754060 266.75 80 21,340.00
0.09 GPC GENUINE PARTS CO 2367480 184.90 115 21,263.50
0.09 PEG PUB SERV ENTERP 2707677 60.40 351 21,200.40
0.09 BAX BAXTER INTERNATIONAL INC 2085102 52.38 398 20,847.24
0.09 VRSK VERISK ANALYTICS INC B4P9W92 186.14 110 20,475.40
0.08 STT STATE STREET CORP 2842040 78.72 259 20,388.48
0.08 DFS DISCOVER FINANCI B1YLC43 106.53 191 20,347.23
0.08 ULTA ULTA BEAUTY INC B28TS42 472.53 43 20,318.79
0.08 CBRE CBRE GROUP INC - A B6WVMH3 79.54 255 20,282.70
0.08 AVB AVALONBAY COMMUNITIES INC 2131179 174.18 115 20,030.70
0.08 GPN GLOBAL PAYMENTS INC 2712013 103.53 193 19,981.29
0.08 IT GARTNER INC 2372763 356.27 56 19,951.12
0.08 FITB FIFTH THIRD BANCORP 2336747 35.77 557 19,923.89
0.08 APTV APTIV PLC B783TY6 105.19 189 19,880.91
0.08 ZBH ZIMMER BIOMET HO 2783815 123.35 161 19,859.35
0.08 FTV FORTIVE CORP BYT3MK1 67.89 292 19,823.88
0.08 ABC AMERISOURCEBERGEN CORP 2795393 171.63 115 19,737.45
0.08 GLW CORNING INC 2224701 34.24 571 19,551.04
0.08 PCG P G & E CORP 2689560 15.62 1,233 19,259.46
0.08 ODFL OLD DOMINION FREIGHT LINE 2656423 300.89 64 19,256.96
0.08 IFF INTL FLAVORS & FRAGRANCES 2464165 106.74 180 19,213.20
0.08 DHI DR HORTON INC 2250687 86.70 221 19,160.70
0.08 MLM MARTIN MARIETTA MATERIALS 2572079 365.38 52 18,999.76
0.08 HPQ HP INC BYX4D52 29.86 636 18,990.96
0.08 AEE AMEREN CORPORATION 2050832 88.70 212 18,804.40
0.08 WTW WILLIS TOWERS WATSON PLC BDB6Q21 246.61 76 18,742.36
0.08 FANG DIAMONDBACK ENERGY INC B7Y8YR3 144.70 129 18,666.30
0.08 WY WEYERHAEUSER CO 2958936 32.28 575 18,561.00
0.08 LUV SOUTHWEST AIRLINES CO 2831543 40.08 460 18,436.80
0.08 RJF RAYMOND JAMES 2718992 117.41 155 18,198.55
0.08 URI UNITED RENTALS INC 2134781 356.42 51 18,177.42
0.07 CDW CDW CORP/DE BBM5MD6 191.21 94 17,973.74
0.07 WBD WARNER BROS DISCOVERY INC BM8JYX3 11.63 1,537 17,875.31
0.07 CTRA COTERRA ENERGY INC 2162340 27.43 651 17,856.93
0.07 ARE ALEXANDRIA REAL 2009210 154.87 115 17,810.05
0.07 MKC MCCORMICK-N/V 2550161 85.73 207 17,746.11
0.07 WAT WATERS CORP 2937689 346.93 51 17,693.43
0.07 ETR ENTERGY CORP 2317087 116.30 152 17,677.60
0.07 HBAN HUNTINGTON BANCSHARES INC 2445966 15.59 1,128 17,585.52
0.07 ACGL ARCH CAPITAL GROUP LTD 2740542 59.76 292 17,449.92
0.07 PWR QUANTA SERVICES INC 2150204 151.73 115 17,448.95
0.07 FRC FIRST REPUBLIC BANK/CA B4WHY15 127.36 137 17,448.32
0.07 EIX EDISON INTERNATIONAL 2829515 65.52 266 17,428.32
0.07 EFX EQUIFAX INC 2319146 202.25 86 17,393.50
0.07 EBAY EBAY INC 2293819 45.16 385 17,386.60
0.07 DAL DELTA AIR LINES INC B1W9D46 35.38 484 17,123.92
0.07 TSCO TRACTOR SUPPLY COMPANY 2900335 224.63 76 17,071.88
0.07 EQR EQUITY RESIDENTIAL 2319157 64.65 264 17,067.60
0.07 HPE HEWLETT PACKA BYVYWS0 16.82 1,013 17,038.66
0.07 HIG HARTFORD FINL SV 2476193 75.63 225 17,016.75
0.07 TDY TELEDYNE TECHNOLOGIES INC 2503477 424.45 40 16,978.00
0.07 DTE DTE ENERGY COMPANY 2280220 116.12 146 16,953.52
0.07 VMC VULCAN MATERIALS CO 2931205 183.83 92 16,912.36
0.07 PPL PPL CORP 2680905 29.29 575 16,841.75
0.07 CHD CHURCH & DWIGHT CO INC 2195841 82.24 203 16,694.72
0.07 EPAM EPAM SYSTEMS INC B44Z3T8 369.60 45 16,632.00
0.07 XYL XYLEM INC B3P2CN8 113.80 145 16,501.00
0.07 RF REGIONS FINANCIAL CORP B01R311 22.99 714 16,414.86
0.07 DOV DOVER CORP 2278407 142.49 115 16,386.35
0.07 NDAQ NASDAQ INC 2965107 68.49 235 16,095.15
0.07 CF CF INDUSTRIES HO B0G4K50 103.64 154 15,960.56
0.07 HOLX HOLOGIC INC 2433530 76.99 206 15,859.94
0.07 EXPD EXPEDITORS INTL WASH INC 2325507 115.25 137 15,789.25
0.07 STE STERIS PLC BFY8C75 192.31 82 15,769.42
0.07 IEX IDEX CORP 2456612 240.74 65 15,648.10
0.06 FE FIRSTENERGY CORP 2100920 41.38 376 15,558.88
0.06 VTR VENTAS INC 2927925 46.37 335 15,533.95
0.06 AES AES CORP 2002479 28.72 538 15,451.36
0.06 LEN LENNAR CORP-A 2511920 88.16 175 15,428.00
0.06 MOH MOLINA HEALTHCARE INC 2212706 334.83 46 15,402.18
0.06 ANSS ANSYS INC 2045623 259.61 59 15,316.99
0.06 K KELLOGG CO 2486813 73.20 209 15,298.80
0.06 CLX CLOROX COMPANY 2204026 149.86 102 15,285.72
0.06 EXR EXTRA SPACE STORAGE INC B02HWR9 160.05 95 15,204.75
0.06 ETSY ETSY INC BWTN5N1 139.39 109 15,193.51
0.06 DGX QUEST DIAGNOSTICS INC 2702791 152.61 99 15,108.39
0.06 IR INGERSOLL-RAND INC BL5GZ82 54.29 278 15,092.62
0.06 TSN TYSON FOODS INC-CL A 2909730 65.48 230 15,060.40
0.06 DRI DARDEN RESTAURANTS INC 2289874 145.65 103 15,001.95
0.06 NTRS NORTHERN TRUST CORP 2648668 93.63 160 14,980.80
0.06 PKI PERKINELMER INC 2305844 141.75 105 14,883.75
0.06 CAH CARDINAL HEALTH INC 2175672 79.26 187 14,821.62
0.06 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 84.64 175 14,812.00
0.06 LH LABORATORY CP 2586122 241.77 61 14,747.97
0.06 PFG PRINCIPAL FINANCIAL GROUP 2803014 90.92 162 14,729.04
0.06 BALL BALL CORP 2073022 55.85 263 14,688.55
0.06 INVH INVITATION HOMES INC BD81GW9 32.35 452 14,622.20
0.06 AMCR AMCOR PLC BJ1F307 12.38 1,174 14,534.12
0.06 MPWR MONOLITHIC POWER B01Z7J1 382.07 38 14,518.66
0.06 CFG CITIZENS FINANCIAL GROUP BQRX1X3 41.98 342 14,357.16
0.06 WAB WABTEC CORP 2955733 103.04 138 14,219.52
0.06 CNP CENTERPOINT ENERGY INC 2440637 31.03 457 14,180.71
0.06 SYF SYNCHRONY FINANCIAL BP96PS6 35.94 394 14,160.36
0.06 CMS CMS ENERGY CORP 2219224 61.41 230 14,124.30
0.06 MRO MARATHON OIL CORP 2910970 30.09 469 14,112.21
0.06 MOS MOSAIC CO/THE B3NPHP6 49.10 287 14,091.70
0.06 BBY BEST BUY CO INC 2094670 86.47 159 13,748.73
0.06 ATO ATMOS ENERGY CORP 2315359 117.49 115 13,511.35
0.06 KEY KEYCORP 2490911 18.72 714 13,366.08
0.05 TTWO TAKE-TWO INTERAC 2122117 106.40 124 13,193.60
0.05 TRGP TARGA RESOURCES CORP B55PZY3 74.95 176 13,191.20
0.05 CAG CONAGRA BRANDS INC 2215460 37.83 341 12,900.03
0.05 VRSN VERISIGN INC 2142922 204.57 63 12,887.91
0.05 MAA MID-AMERICA APAR 2589132 164.22 78 12,809.16
0.05 CINF CINCINNATI FINANCIAL CORP 2196888 111.12 115 12,778.80
0.05 TYL TYLER TECHNOLOGIES INC 2909644 352.23 36 12,680.28
0.05 LDOS LEIDOS HOLDINGS INC BDV82B8 109.62 115 12,606.30
0.05 IRM IRON MOUNTAIN INC BVFTF03 54.78 230 12,599.40
0.05 TRMB TRIMBLE INC 2903958 61.12 206 12,590.72
0.05 WST WEST PHARMACEUT 2950482 242.02 52 12,585.04
0.05 HWM HOWMET AEROSPACE INC BKLJ8V2 38.41 326 12,521.66
0.05 APA APA CORP BNNF1C1 46.72 264 12,334.08
0.05 BR BROADRIDGE FINL B1VP7R6 149.86 82 12,288.52
0.05 FDS FACTSET RESEARCH 2329770 472.16 26 12,276.16
0.05 INCY INCYTE CORP 2471950 80.68 151 12,182.68
0.05 EXPE EXPEDIA GROUP INC B748CK2 105.93 115 12,181.95
0.05 ESS ESSEX PROPERTY TRUST INC 2316619 219.91 55 12,095.05
0.05 IPG INTERPUBLIC GRP 2466321 34.46 348 11,992.08
0.05 EQT EQT CORP 2319414 41.52 284 11,791.68
0.05 FLT FLEETCOR TECHNOLOGIES INC B4R28B3 196.28 60 11,776.80
0.05 ABMD ABIOMED INC 2003698 377.44 31 11,700.64
0.05 WRB WR BERKLEY CORP 2093644 75.31 155 11,673.05
0.05 PTC PTC INC B95N910 127.49 91 11,601.59
0.05 PEAK HEALTHPEAK PROPERTIES INC BJBLRK3 26.15 442 11,558.30
0.05 LNT ALLIANT ENERGY CORP 2973821 55.53 207 11,494.71
0.05 MTCH MATCH GROUP INC BK80XH9 49.96 230 11,490.80
0.05 PAYC PAYCOM SOFTWARE INC BL95MY0 346.22 33 11,425.26
0.05 NDSN NORDSON CORP 2641838 240.01 47 11,280.47
0.05 SEDG SOLAREDGE TECHNO BWC52Q6 295.77 38 11,239.26
0.05 FMC FMC CORP 2328603 130.03 85 11,052.55
0.05 AKAM AKAMAI TECHNOLOGIES INC 2507457 95.20 115 10,948.00
0.05 HRL HORMEL FOODS CORP 2437264 47.59 230 10,945.70
0.05 SJM JM SMUCKER CO/THE 2951452 153.94 71 10,929.74
0.05 GEN GEN DIGITAL INC BJN4XN5 23.76 460 10,929.60
0.05 SWKS SKYWORKS SOLUTIONS INC 2961053 94.97 115 10,921.55
0.05 BF/B BROWN-FORMAN CORP-CLASS B 2146838 74.05 147 10,885.35
0.05 GRMN GARMIN LTD B3Z5T14 94.36 115 10,851.40
0.05 COO COOPER COS INC/THE 2222631 326.62 33 10,778.46
0.04 TXT TEXTRON INC 2885937 70.86 152 10,770.72
0.04 HST HOST HOTELS & RESORTS INC 2567503 18.69 575 10,746.75
0.04 IP INTERNATIONAL PAPER CO 2465254 37.39 287 10,730.93
0.04 J JACOBS SOLUTIONS INC BNGC0D3 124.54 86 10,710.44
0.04 ALGN ALIGN TECHNOLOGY INC 2679204 201.77 53 10,693.81
0.04 CPT CAMDEN PROPERTY TRUST 2166320 119.49 89 10,634.61
0.04 TER TERADYNE INC 2884183 92.29 115 10,613.35
0.04 VTRS VIATRIS INC BMWS3X9 11.24 944 10,610.56
0.04 LVS LAS VEGAS SANDS CORP B02T2J7 46.89 226 10,597.14
0.04 NTAP NETAPP INC 2630643 68.07 155 10,550.85
0.04 OMC OMNICOM GROUP 2279303 79.86 132 10,541.52
0.04 SIVB SVB FINANCIAL GROUP 2808053 228.17 46 10,495.82
0.04 BRO BROWN & BROWN INC 2692687 58.92 177 10,428.84
0.04 MAS MASCO CORP 2570200 51.76 201 10,403.76
0.04 EVRG EVERGY INC BFMXGR0 58.88 176 10,362.88
0.04 KIM KIMCO REALTY CORP 2491594 22.65 456 10,328.40
0.04 AVY AVERY DENNISON CORP 2066408 193.17 53 10,238.01
0.04 CRL CHARLES RIVER LA 2604336 226.20 45 10,179.00
0.04 UAL UNITED AIRLINES B4QG225 43.89 230 10,094.70
0.04 JBHT HUNT (JB) TRANS 2445416 182.81 55 10,054.55
0.04 CE CELANESE CORP B05MZT4 107.49 93 9,996.57
0.04 MGM MGM RESORTS INTERNATIONAL 2547419 37.27 267 9,951.09
0.04 LW LAMB WESTON HOLDINGS INC BDQZFJ3 86.51 115 9,948.65
0.04 JKHY JACK HENRY 2469193 190.73 52 9,917.96
0.04 ZBRA ZEBRA TECH CORP 2989356 268.82 36 9,677.52
0.04 LKQ LKQ CORP 2971029 55.08 174 9,583.92
0.04 NI NISOURCE INC 2645409 27.75 345 9,573.75
0.04 HSIC HENRY SCHEIN INC 2416962 82.95 115 9,539.25
0.04 NVR NVR INC 2637785 4,739.86 2 9,479.72
0.04 SWK STANLEY BLACK & B3Q2FJ4 82.32 115 9,466.80
0.04 UDR UDR INC 2727910 40.88 230 9,402.40
0.04 TECH BIO-TECHNE CORP BSHZ3Q0 86.41 108 9,332.28
0.04 PARA PARAMOUNT GLOBAL-CLASS B BKTNTR9 20.17 462 9,318.54
0.04 DPZ DOMINO'S PIZZA INC B01SD70 385.58 24 9,253.92
0.04 POOL POOL CORP 2781585 338.13 27 9,129.51
0.04 ALLE ALLEGION PLC BFRT3W7 114.06 80 9,124.80
0.04 PHM PULTEGROUP INC 2708841 45.15 201 9,075.15
0.04 L LOEWS CORP 2523022 58.04 155 8,996.20
0.04 RCL ROYAL CARIBBEAN 2754907 60.91 147 8,953.77
0.04 RE EVEREST RE GROUP LTD 2556868 330.34 27 8,919.18
0.04 CBOE CBOE GLOBAL MARKETS INC B5834C5 126.82 70 8,877.40
0.04 TPR TAPESTRY INC BF09HX3 38.48 230 8,850.40
0.04 WRK WESTROCK CO BYR0914 38.02 230 8,744.60
0.04 SNA SNAP-ON INC 2818740 242.14 36 8,717.04
0.04 CPB CAMPBELL SOUP CO 2162845 53.59 160 8,574.40
0.04 LYV LIVE NATION ENTE B0T7YX2 73.55 115 8,458.25
0.04 STX SEAGATE TECHNOLO BKVD2N4 53.30 157 8,368.10
0.03 PKG PACKAGING CORP OF AMERICA 2504566 136.16 61 8,305.76
0.03 WDC WESTERN DIGITAL CORP 2954699 35.84 230 8,243.20
0.03 BXP BOSTON PROPERTIES INC 2019479 71.65 115 8,239.75
0.03 CMA COMERICA INC 2212870 71.61 115 8,235.15
0.03 FFIV F5 INC 2427599 155.03 53 8,216.59
0.03 CDAY CERIDIAN HCM HOLDING INC BFX1V56 71.24 115 8,192.60
0.03 ROL ROLLINS INC 2747305 40.39 202 8,158.78
0.03 AAP ADVANCE AUTO PARTS INC 2822019 151.30 53 8,018.90
0.03 CHRW CH ROBINSON 2116228 98.77 81 8,000.37
0.03 KMX CARMAX INC 2983563 69.10 115 7,946.50
0.03 TFX TELEFLEX INC 2881407 244.80 32 7,833.60
0.03 VFC VF CORP 2928683 33.48 230 7,700.40
0.03 CTLT CATALENT INC BP96PQ4 52.23 145 7,573.35
0.03 JNPR JUNIPER NETWORKS INC 2431846 32.92 230 7,571.60
0.03 REG REGENCY CENTERS CORP 2726177 65.67 115 7,552.05
0.03 FBHS FORTUNE BRANDS H B3MC7D6 65.56 115 7,539.40
0.03 WYNN WYNN RESORTS LTD 2963811 84.04 89 7,479.56
0.03 PNW PINNACLE WEST CAPITAL 2048804 77.80 95 7,391.00
0.03 FOXA FOX CORP - CLASS A BJJMGL2 32.10 230 7,383.00
0.03 RHI ROBERT HALF INTL INC 2110703 78.48 93 7,298.64
0.03 HAS HASBRO INC 2414580 63.26 115 7,274.90
0.03 MKTX MARKETAXESS HOLDINGS INC B03Q9D0 273.27 26 7,105.02
0.03 AOS SMITH (A.O.) CORP 2816023 60.48 115 6,955.20
0.03 DXC DXC TECHNOLOGY CO BYXD7B3 29.44 234 6,888.96
0.03 GL GLOBE LIFE INC BK6YKG1 120.41 57 6,863.37
0.03 EMN EASTMAN CHEMICAL CO 2298386 86.42 79 6,827.18
0.03 AAL AMERICAN AIRLINE BCV7KT2 13.98 484 6,766.32
0.03 CZR CAESARS ENTERTAINMENT INC BMWWGB0 51.84 128 6,635.52
0.03 NRG NRG ENERGY INC 2212922 42.13 153 6,445.89
0.03 BWA BORGWARNER INC 2111955 42.66 151 6,441.66
0.03 QRVO QORVO INC BR9YYP4 97.25 66 6,418.50
0.03 TAP MOLSON COORS-B B067BM3 54.97 115 6,321.55
0.03 BBWI BATH & BODY WORKS INC BNNTGJ5 43.27 146 6,317.42
0.03 BEN FRANKLIN RESOURCES INC 2350684 27.28 230 6,274.40
0.03 NWSA NEWS CORP - CLASS A BBGVT40 19.16 327 6,265.32
0.03 HII HUNTINGTON INGAL B40SSC9 230.90 27 6,234.30
0.03 CCL CARNIVAL CORP 2523044 9.97 621 6,191.37
0.03 AIZ ASSURANT INC 2331430 128.01 48 6,144.48
0.03 OGN ORGANON & CO BLDC8J4 26.42 230 6,076.60
0.03 UHS UNIVERSAL HLTH-B 2923785 130.20 46 5,989.20
0.03 ZION ZIONS BANCORP NA 2989828 51.99 115 5,978.85
0.03 SBNY SIGNATURE BANK B00JQL9 138.04 43 5,935.72
0.02 ALK ALASKA AIR GROUP INC 2012605 47.41 115 5,452.15
0.02 FRT FEDERAL REALTY INVS TRUST BN7P9B2 109.02 50 5,451.00
0.02 SEE SEALED AIR CORP 2232793 52.81 103 5,439.43
0.02 NCLH NORWEGIAN CRUISE B9CGTC3 16.62 327 5,434.74
0.02 BIO BIO-RAD LABORATORIES-A 2098508 418.04 13 5,434.52
0.02 PNR PENTAIR PLC BLS09M3 46.64 115 5,363.60
0.02 WHR WHIRLPOOL CORP 2960384 149.02 34 5,066.68
0.02 LNC LINCOLN NATIONAL CORP 2516378 38.73 115 4,453.95
0.02 GNRC GENERAC HOLDINGS INC B6197Q2 103.09 43 4,432.87
0.02 IVZ INVESCO LTD B28XP76 19.43 228 4,430.04
0.02 XRAY DENTSPLY SIRONA INC BYNPPC6 31.44 139 4,370.16
0.02 LUMN LUMEN TECHNOLOGIES INC BMDH249 5.59 738 4,125.42
0.02 NWL NEWELL BRANDS INC 2635701 12.84 317 4,070.28
0.02 DISH DISH NETWORK CORP-A 2303581 15.59 230 3,585.70
0.02 RL RALPH LAUREN CORP B4V9661 113.88 31 3,530.28
0.01 FOX FOX CORP - CLASS B BJJMGY5 30.28 115 3,482.20
0.01 VNO VORNADO REALTY TRUST 2933632 24.78 115 2,849.70
0.01 MHK MOHAWK INDUSTRIES INC 2598699 102.90 23 2,366.70
0.01 NWS NEWS CORP - CLASS B BBGVT51 19.43 115 2,234.45
0.01 DVA DAVITA INC 2898087 73.23 24 1,757.52
0.00 XSP US 12/16/22 P375 45.00 4 180.00
-0.03 XSP US 12/16/22 C395 1,578.00 -4 -6,312.00
-3.83 SPX US 12/16/22 C3955 15,195.00 -61 -926,895.00
Holdings are subject to change.

ETF Characteristics As of 12/01/22

Return on Equity 19.70%
Weighted Avg. Market Cap 498,203 M
2021 2022
Price-to-earnings 19.77 18.47
Price-to-book value 3.91 3.40

Source: AltaVista Research, LLC

ETF Risk Stats As of 11/30/22

Versus Beta
S&P 500 0.34
MSCI EAFE 0.31
MSCI Emg. Mkts 0.18
Standard Deviation 8.50%

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.

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