XRMI


S&P 500 Risk Managed Income ETF

Fund 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.

Fund 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.

Why 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.

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)

Fund Details As of 09/22/21

Key Facts

Ticker XRMI
Inception Date 08/25/21
CUSIP 37960A206
ISIN US37960A2069
Bloomberg Index Ticker CLL1M
Primary Exchange NYSE Arca
Number of Holdings 506

Stats & Fees

Net Assets $2,642,469
Net Asset Value (NAV) $26.42
Shares Outstanding 100,000
Total Expense Ratio 0.60%

Distributions

30-Day SEC Yield N/A
Distribution Frequency Monthly

Fund Prices As of 09/22/21

NAV $26.42 Daily Change $0.09 0.33%
Market Price $26.45 Daily Change $0.08 0.29%
30-Day Median Bid-Ask Spread 0.00%

Performance History

As of recent
(06/30/21)
Fund NAV Market Price Index
Year-to-Date -- -- --
1 Month -- -- --
3 Months -- -- --
Since Inception -- -- --
Year-to-Date -- -- --
1 Month -- -- 1.82%
3 Months -- -- --
Since Inception 0.15% 0.37% 0.19%

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.

Fund Characteristics As of 09/22/21

Return on Equity 21.00%
Weighted Avg. Market Cap 633,533 M
2020 2021
Price-to-earnings 31.71 22.07
Price-to-book value 5.03 4.28

Source: AltaVista Research, LLC

Options Details As of 09/22/21

Option Positions Notional Exposure Strike Moneyness Expiration Date Calendar Days to Expiry
Short S&P 500 Mini Call Option -$2,637,384 445 98.80% 10/15/2021 23
Long S&P 500 Mini Put Option $2,637,384 422 96.00% 10/15/2021 23

Top Holdings As of 09/22/21

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
6.14 AAPL APPLE INC 2046251 145.85 1,113 162,331.05
6.01 MSFT MICROSOFT CORP 2588173 298.58 532 158,844.56
3.97 AMZN AMAZON.COM INC 2000019 3,380.05 31 104,781.55
2.23 GOOGL ALPHABET INC-CL A BYVY8G0 2,805.67 21 58,919.07
2.18 FB FACEBOOK INC-CLASS A B7TL820 343.21 168 57,659.28
2.13 GOOG ALPHABET INC-CL C BYY88Y7 2,818.77 20 56,375.40
1.65 TSLA TESLA INC B616C79 751.94 58 43,612.52
1.45 NVDA NVIDIA CORP 2379504 219.41 175 38,396.75
1.38 BRK/B BERKSHIRE HATH-B 2073390 274.07 133 36,451.31
1.26 JPM JPMORGAN CHASE & CO 2190385 155.91 214 33,364.74
1.15 JNJ JOHNSON & JOHNSON 2475833 163.93 185 30,327.05
1.02 UNH UNITEDHEALTH GROUP INC 2917766 408.70 66 26,974.20
1.00 V VISA INC-CLASS A SHARES B2PZN04 222.75 118 26,284.50
0.95 HD HOME DEPOT INC 2434209 335.93 75 25,194.75
0.95 PG PROCTER & GAMBLE CO/THE 2704407 143.60 174 24,986.40
0.86 DIS WALT DISNEY CO/THE 2270726 173.65 131 22,748.15
0.85 PYPL PAYPAL HOLDINGS INC BYW36M8 272.34 82 22,331.88
0.81 MA MASTERCARD INC - A B121557 343.41 62 21,291.42
0.81 ADBE ADOBE INC 2008154 626.08 34 21,286.72
0.81 BAC BANK OF AMERICA CORP 2295677 40.14 530 21,274.20
0.75 XSP US 10/15/21 P422 328.50 60 19,710.00
0.72 NFLX NETFLIX INC 2857817 590.65 32 18,900.80
0.70 CMCSA COMCAST CORP-CLASS A 2044545 56.02 332 18,598.64
0.69 CRM SALESFORCE.COM INC 2310525 259.17 70 18,141.90
0.68 PFE PFIZER INC 2684703 43.95 406 17,843.70
0.64 CSCO CISCO SYSTEMS INC 2198163 55.52 306 16,989.12
0.64 TMO THERMO FISHER 2886907 606.63 28 16,985.64
0.64 XOM EXXON MOBIL CORP 2326618 55.21 307 16,949.47
0.62 VZ VERIZON COMMUNIC 2090571 54.06 301 16,272.06
0.60 ABT ABBOTT LABORATORIES 2002305 124.65 127 15,830.55
0.59 INTC INTEL CORP 2463247 53.50 293 15,675.50
0.58 PEP PEPSICO INC 2681511 154.01 100 15,401.00
0.58 ACN ACCENTURE PLC-CL A B4BNMY3 334.66 46 15,394.36
0.58 KO COCA-COLA CO/THE 2206657 54.13 282 15,264.66
0.56 DHR DANAHER CORP 2250870 324.13 46 14,909.98
0.55 NKE NIKE INC -CL B 2640147 157.44 93 14,641.92
0.55 COST COSTCO WHOLESALE CORP 2701271 452.33 32 14,474.56
0.54 WMT WALMART INC 2936921 142.69 100 14,269.00
0.53 T AT&T INC 2831811 27.01 520 14,045.20
0.53 AVGO BROADCOM INC BDZ78H9 500.59 28 14,016.52
0.51 CVX CHEVRON CORP 2838555 97.64 138 13,474.32
0.51 WFC WELLS FARGO & CO 2649100 47.08 285 13,417.80
0.51 ABBV ABBVIE INC B92SR70 106.41 126 13,407.66
0.50 LLY ELI LILLY & CO 2516152 228.30 58 13,241.40
0.50 TXN TEXAS INSTRUMENTS INC 2885409 195.92 67 13,126.64
0.49 MRK MERCK & CO. INC. 2778844 72.04 181 13,039.24
0.49 MCD MCDONALD'S CORP 2550707 243.13 53 12,885.89
0.47 MDT MEDTRONIC PLC BTN1Y11 128.28 96 12,314.88
0.43 NEE NEXTERA ENERGY INC 2328915 81.90 140 11,466.00
0.43 PM PHILIP MORRIS IN B2PKRQ3 100.51 114 11,458.14
0.43 INTU INTUIT INC 2459020 562.80 20 11,256.00
0.42 LIN LINDE PLC BZ12WP8 306.06 36 11,018.16
0.42 MRNA MODERNA INC BGSXTS3 440.72 25 11,018.00
0.41 QCOM QUALCOMM INC 2714923 133.01 82 10,906.82
0.41 HON HONEYWELL INTL 2020459 217.02 50 10,851.00
0.40 ORCL ORACLE CORP 2661568 88.44 120 10,612.80
0.40 LOW LOWE'S COS INC 2536763 208.89 50 10,444.50
0.38 MS MORGAN STANLEY 2262314 100.80 100 10,080.00
0.37 AMT AMERICAN TOWER CORP B7FBFL2 293.55 33 9,687.15
0.36 BMY BRISTOL-MYERS SQUIBB CO 2126335 60.15 159 9,563.85
0.36 C CITIGROUP INC 2297907 68.24 140 9,553.60
0.35 UNP UNION PACIFIC CORP 2914734 198.07 47 9,309.29
0.35 NOW SERVICENOW INC B80NXX8 662.65 14 9,277.10
0.35 UPS UNITED PARCEL-B 2517382 185.30 50 9,265.00
0.35 RTX RAYTHEON TECHNOL BM5M5Y3 85.27 108 9,209.16
0.34 AMD ADVANCED MICRO DEVICES 2007849 104.38 87 9,081.06
0.34 SBUX STARBUCKS CORP 2842255 113.07 80 9,045.60
0.34 AMAT APPLIED MATERIALS INC 2046552 138.10 65 8,976.50
0.34 GS GOLDMAN SACHS GROUP INC 2407966 385.47 23 8,865.81
0.33 TGT TARGET CORP 2259101 241.77 36 8,703.72
0.33 BA BOEING CO/THE 2108601 216.98 40 8,679.20
0.33 IBM IBM 2005973 134.63 64 8,616.32
0.32 AMGN AMGEN INC 2023607 213.64 40 8,545.60
0.32 BLK BLACKROCK INC 2494504 851.05 10 8,510.50
0.31 ISRG INTUITIVE SURGICAL INC 2871301 1,028.47 8 8,227.76
0.30 AXP AMERICAN EXPRESS CO 2026082 167.49 48 8,039.52
0.30 GE GENERAL ELECTRIC CO BL59CR9 98.54 79 7,784.66
0.29 CAT CATERPILLAR INC 2180201 191.35 40 7,654.00
0.29 SPGI S&P GLOBAL INC BYV2325 445.64 17 7,575.88
0.29 CVS CVS HEALTH CORP 2577609 83.86 90 7,547.40
0.29 SCHW SCHWAB (CHARLES) CORP 2779397 70.40 107 7,532.80
0.27 BKNG BOOKING HOLDINGS INC BDRXDB4 2,406.11 3 7,218.33
0.27 MMM 3M CO 2595708 179.84 40 7,193.60
0.26 ZTS ZOETIS INC B95WG16 201.35 34 6,845.90
0.26 DE DEERE & CO 2261203 340.84 20 6,816.80
0.26 ADI ANALOG DEVICES INC 2032067 173.85 39 6,780.15
0.26 CHTR CHARTER COMMUN-A BZ6VT82 751.55 9 6,763.95
0.25 SYK STRYKER CORP 2853688 271.65 24 6,519.60
0.25 PLD PROLOGIS INC B44WZD7 130.01 50 6,500.50
0.24 GILD GILEAD SCIENCES INC 2369174 71.38 90 6,424.20
0.24 ANTM ANTHEM INC BSPHGL4 375.49 17 6,383.33
0.24 MO ALTRIA GROUP INC 2692632 48.24 132 6,367.68
0.23 LMT LOCKHEED MARTIN CORP 2522096 341.73 18 6,151.14
0.23 MDLZ MONDELEZ INTER-A B8CKK03 60.56 100 6,056.00
0.23 LRCX LAM RESEARCH CORP 2502247 601.10 10 6,011.00
0.23 MU MICRON TECHNOLOGY INC 2588184 73.97 81 5,991.57
0.23 MMC MARSH & MCLENNAN COS 2567741 157.08 38 5,969.04
0.23 ADP AUTOMATIC DATA PROCESSING 2065308 198.31 30 5,949.30
0.21 PNC PNC FINANCIAL SE 2692665 187.67 30 5,630.10
0.21 CCI CROWN CASTLE INTL CORP BTGQCX1 187.46 30 5,623.80
0.21 COP CONOCOPHILLIPS 2685717 62.26 90 5,603.40
0.21 TJX TJX COMPANIES INC 2989301 69.53 80 5,562.40
0.21 DUK DUKE ENERGY CORP B7VD3F2 98.54 55 5,419.70
0.21 EL ESTEE LAUDER 2320524 318.56 17 5,415.52
0.20 EW EDWARDS LIFESCIENCES CORP 2567116 119.66 45 5,384.70
0.20 FIS FIDELITY NATIONA 2769796 122.07 44 5,371.08
0.20 CB CHUBB LTD B3BQMF6 176.93 30 5,307.90
0.20 GM GENERAL MOTORS CO B665KZ5 50.78 104 5,281.12
0.20 CI CIGNA CORP BHJ0775 201.99 26 5,251.74
0.20 USB US BANCORP 2736035 57.92 90 5,212.80
0.20 REGN REGENERON PHARMACEUTICALS 2730190 647.06 8 5,176.48
0.20 EQIX EQUINIX INC BVLZX12 860.12 6 5,160.72
0.19 BDX BECTON DICKINSON AND CO 2087807 256.80 20 5,136.00
0.19 CME CME GROUP INC 2965839 189.33 27 5,111.91
0.19 TMUS T-MOBILE US INC B94Q9V0 127.73 40 5,109.20
0.19 AON AON PLC-CLASS A BLP1HW5 299.08 17 5,084.36
0.19 SHW SHERWIN-WILLIAMS CO/THE 2804211 291.99 17 4,963.83
0.19 TFC TRUIST FINANCIAL CORP BKP7287 54.74 90 4,926.60
0.18 COF CAPITAL ONE FINA 2654461 159.62 30 4,788.60
0.18 ETN EATON CORP PLC B8KQN82 156.43 30 4,692.90
0.18 ICE INTERCONTINENTAL BFSSDS9 116.91 40 4,676.40
0.18 HCA HCA HEALTHCARE INC B4MGBG6 258.25 18 4,648.50
0.17 WM WASTE MANAGEMENT INC 2937667 153.42 30 4,602.60
0.17 CL COLGATE-PALMOLIVE CO 2209106 76.43 60 4,585.80
0.17 ADSK AUTODESK INC 2065159 286.42 16 4,582.72
0.17 BSX BOSTON SCIENTIFIC CORP 2113434 44.31 102 4,519.62
0.17 CSX CSX CORP 2160753 29.86 150 4,479.00
0.17 SO SOUTHERN CO/THE 2829601 63.61 70 4,452.70
0.17 MCO MOODY'S CORP 2252058 370.38 12 4,444.56
0.17 APD AIR PRODS & CHEM 2011602 257.94 17 4,384.98
0.17 FISV FISERV INC 2342034 108.69 40 4,347.60
0.16 ILMN ILLUMINA INC 2613990 434.59 10 4,345.90
0.16 D DOMINION ENERGY INC 2542049 74.84 58 4,340.72
0.16 ITW ILLINOIS TOOL WORKS 2457552 215.67 20 4,313.40
0.16 NSC NORFOLK SOUTHERN CORP 2641894 239.52 18 4,311.36
0.16 NXPI NXP SEMICONDUCTORS NV B505PN7 213.08 20 4,261.60
0.16 FDX FEDEX CORP 2142784 229.08 18 4,123.44
0.15 IDXX IDEXX LABORATORIES INC 2459202 671.47 6 4,028.82
0.15 HUM HUMANA INC 2445063 400.35 10 4,003.50
0.15 DXCM DEXCOM INC B0796X4 570.42 7 3,992.94
0.15 ECL ECOLAB INC 2304227 220.86 18 3,975.48
0.15 IQV IQVIA HOLDINGS INC BDR73G1 259.75 15 3,896.25
0.15 MSCI MSCI INC B2972D2 645.15 6 3,870.90
0.15 CMG CHIPOTLE MEXICAN B0X7DZ3 1,935.04 2 3,870.08
0.15 EMR EMERSON ELECTRIC CO 2313405 95.50 40 3,820.00
0.14 DG DOLLAR GENERAL CORP B5B1S13 219.02 17 3,723.34
0.14 ROP ROPER TECHNOLOGIES INC 2749602 460.97 8 3,687.76
0.14 VRTX VERTEX PHARM 2931034 184.27 20 3,685.40
0.14 PGR PROGRESSIVE CORP 2705024 92.04 40 3,681.60
0.14 KLAC KLA CORP 2480138 365.51 10 3,655.10
0.14 JCI JOHNSON CONTROLS BY7QL61 72.82 50 3,641.00
0.14 ATVI ACTIVISION BLIZZARD INC 2575818 72.81 50 3,640.50
0.14 ALGN ALIGN TECHNOLOGY INC 2679204 716.61 5 3,583.05
0.14 LHX L3HARRIS TECHNOLOGIES INC BK9DTN5 222.73 16 3,563.68
0.13 INFO IHS MARKIT LTD BD0Q558 122.37 29 3,548.73
0.13 TROW T ROWE PRICE GROUP INC 2702337 206.93 17 3,517.81
0.13 NOC NORTHROP GRUMMAN CORP 2648806 348.52 10 3,485.20
0.13 EXC EXELON CORP 2670519 49.38 70 3,456.60
0.13 A AGILENT TECHNOLOGIES INC 2520153 172.44 20 3,448.80
0.13 F FORD MOTOR CO 2615468 13.23 260 3,439.80
0.13 GD GENERAL DYNAMICS CORP 2365161 193.75 17 3,293.75
0.12 CARR CARRIER GLOBAL CORP BK4N0D7 52.59 62 3,260.58
0.12 CDNS CADENCE DESIGN SYS INC 2302232 162.23 20 3,244.60
0.12 MCHP MICROCHIP TECHNOLOGY INC 2592174 161.49 20 3,229.80
0.12 AIG AMERICAN INTERNA 2027342 53.71 60 3,222.60
0.12 GPN GLOBAL PAYMENTS INC 2712013 161.13 20 3,222.60
0.12 TWTR TWITTER INC BFLR866 64.25 50 3,212.50
0.12 SNPS SYNOPSYS INC 2867719 320.52 10 3,205.20
0.12 KMB KIMBERLY-CLARK CORP 2491839 133.44 24 3,202.56
0.12 DLR DIGITAL REALTY TRUST INC B03GQS4 159.53 20 3,190.60
0.12 FCX FREEPORT-MCMORAN INC 2352118 31.56 100 3,156.00
0.12 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 620.26 5 3,101.30
0.12 TT TRANE TECHNOLOGIES PLC BK9ZQ96 182.37 17 3,100.29
0.12 PSA PUBLIC STORAGE 2852533 309.19 10 3,091.90
0.12 TRV TRAVELERS COS INC/THE 2769503 154.38 20 3,087.60
0.12 MTD METTLER-TOLEDO 2126249 1,542.78 2 3,085.56
0.12 XLNX XILINX INC 2985677 153.82 20 3,076.40
0.12 MTCH MATCH GROUP INC BK80XH9 153.65 20 3,073.00
0.11 APH AMPHENOL CORP-CL A 2145084 75.56 40 3,022.40
0.11 FTNT FORTINET INC B5B2106 301.62 10 3,016.20
0.11 PRU PRUDENTIAL FINANCIAL INC 2819118 100.05 30 3,001.50
0.11 EOG EOG RESOURCES INC 2318024 74.60 40 2,984.00
0.11 AEP AMERICAN ELECTRIC POWER 2026242 82.72 36 2,977.92
0.11 MET METLIFE INC 2573209 59.45 50 2,972.50
0.11 ROST ROSS STORES INC 2746711 114.19 26 2,968.94
0.11 EBAY EBAY INC 2293819 73.21 40 2,928.40
0.11 BAX BAXTER INTERNATIONAL INC 2085102 81.05 36 2,917.80
0.11 APTV APTIV PLC B783TY6 145.17 20 2,903.40
0.11 BIIB BIOGEN INC 2455965 289.32 10 2,893.20
0.11 MAR MARRIOTT INTL-A 2210614 144.40 20 2,888.00
0.11 RMD RESMED INC 2732903 288.48 10 2,884.80
0.11 SBAC SBA COMMUNICATIONS CORP BZ6TS23 358.48 8 2,867.84
0.11 CTSH COGNIZANT TECH-A 2257019 75.39 38 2,864.82
0.11 PH PARKER HANNIFIN CORP 2671501 285.40 10 2,854.00
0.11 DOW DOW INC BHXCF84 56.30 50 2,815.00
0.11 TEL TE CONNECTIVITY LTD B62B7C3 140.54 20 2,810.80
0.11 CTAS CINTAS CORP 2197137 396.20 7 2,773.40
0.10 NEM NEWMONT CORP 2636607 54.65 50 2,732.50
0.10 WST WEST PHARMACEUT 2950482 449.18 6 2,695.08
0.10 SPG SIMON PROPERTY GROUP INC 2812452 133.64 20 2,672.80
0.10 IFF INTL FLAVORS & FRAGRANCES 2464165 131.82 20 2,636.40
0.10 EFX EQUIFAX INC 2319146 262.68 10 2,626.80
0.10 ALL ALLSTATE CORP 2019952 130.36 20 2,607.20
0.10 SRE SEMPRA ENERGY 2138158 129.74 20 2,594.80
0.10 HLT HILTON WORLDWIDE BYVMW06 129.19 20 2,583.80
0.10 WELL WELLTOWER INC BYVYHH4 85.44 30 2,563.20
0.10 CASH 1.00 2,555 2,555.20
0.10 OTIS OTIS WORLDWIDE CORP BK531S8 84.29 30 2,528.70
0.10 EA ELECTRONIC ARTS INC 2310194 126.40 20 2,528.00
0.10 XEL XCEL ENERGY INC 2614807 63.19 40 2,527.60
0.10 DD DUPONT DE NEMOURS INC BK0VN47 68.27 37 2,525.99
0.10 CNC CENTENE CORP 2807061 62.94 40 2,517.60
0.10 TDG TRANSDIGM GROUP INC B11FJK3 629.09 4 2,516.36
0.10 YUM YUM! BRANDS INC 2098876 125.55 20 2,511.00
0.10 ANSS ANSYS INC 2045623 357.84 7 2,504.88
0.10 FRC FIRST REPUBLIC BANK/CA B4WHY15 192.64 13 2,504.32
0.10 MNST MONSTER BEVERAGE CORP BZ07BW4 92.57 27 2,499.39
0.09 BK BANK NY MELLON B1Z77F6 49.93 50 2,496.50
0.09 DFS DISCOVER FINANCI B1YLC43 124.62 20 2,492.40
0.09 PPG PPG INDUSTRIES INC 2698470 145.26 17 2,469.42
0.09 SLB SCHLUMBERGER LTD 2779201 27.15 90 2,443.50
0.09 SIVB SVB FINANCIAL GROUP 2808053 607.83 4 2,431.32
0.09 ROK ROCKWELL AUTOMATION INC 2754060 301.94 8 2,415.52
0.09 PXD PIONEER NATURAL 2690830 150.05 16 2,400.80
0.09 WBA WALGREENS BOOTS BTN1Y44 48.01 50 2,400.50
0.09 GIS GENERAL MILLS INC 2367026 59.92 40 2,396.80
0.09 MPC MARATHON PETROLEUM CORP B3K3L40 59.91 40 2,396.40
0.09 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 239.15 10 2,391.50
0.09 ADM ARCHER-DANIELS-MIDLAND CO 2047317 58.99 40 2,359.60
0.09 SYY SYSCO CORP 2868165 77.70 30 2,331.00
0.09 AWK AMERICAN WATER W B2R3PV1 177.72 13 2,310.36
0.09 WLTW WILLIS TOWERS WATSON PLC BDB6Q21 230.94 10 2,309.40
0.09 KEYS KEYSIGHT TECHNOLOGIES IN BQZJ0Q9 176.72 13 2,297.36
0.09 AJG ARTHUR J GALLAGHER & CO 2359506 151.39 15 2,270.85
0.09 AVB AVALONBAY COMMUNITIES INC 2131179 223.48 10 2,234.80
0.08 ALB ALBEMARLE CORP 2046853 223.28 10 2,232.80
0.08 CMI CUMMINS INC 2240202 221.62 10 2,216.20
0.08 GNRC GENERAC HOLDINGS INC B6197Q2 442.27 5 2,211.35
0.08 HPQ HP INC BYX4D52 27.59 80 2,207.20
0.08 ETSY ETSY INC BWTN5N1 219.37 10 2,193.70
0.08 ZBRA ZEBRA TECH CORP 2989356 547.58 4 2,190.32
0.08 PAYX PAYCHEX INC 2674458 109.37 20 2,187.40
0.08 ZBH ZIMMER BIOMET HO 2783815 145.70 15 2,185.50
0.08 AME AMETEK INC 2089212 127.84 17 2,173.28
0.08 CPRT COPART INC 2208073 144.35 15 2,165.25
0.08 FAST FASTENAL CO 2332262 53.23 40 2,129.20
0.08 TSCO TRACTOR SUPPLY COMPANY 2900335 211.87 10 2,118.70
0.08 STZ CONSTELLATION-A 2170473 211.30 10 2,113.00
0.08 CTVA CORTEVA INC BK73B42 41.94 50 2,097.00
0.08 KMI KINDER MORGAN INC B3NQ4P8 16.13 130 2,096.90
0.08 ODFL OLD DOMINION FREIGHT LINE 2656423 296.73 7 2,077.11
0.08 URI UNITED RENTALS INC 2134781 345.90 6 2,075.40
0.08 AFL AFLAC INC 2026361 51.88 40 2,075.20
0.08 AMP AMERIPRISE FINANCIAL INC B0J7D57 259.13 8 2,073.04
0.08 VRSK VERISK ANALYTICS INC B4P9W92 205.56 10 2,055.60
0.08 LH LABORATORY CP 2586122 291.46 7 2,040.22
0.08 MCK MCKESSON CORP 2378534 202.63 10 2,026.30
0.08 LUV SOUTHWEST AIRLINES CO 2831543 50.65 40 2,026.00
0.08 PSX PHILLIPS 66 B78C4Y8 67.01 30 2,010.30
0.08 KR KROGER CO 2497406 40.10 50 2,005.00
0.08 WMB WILLIAMS COS INC 2967181 25.03 80 2,002.40
0.08 PAYC PAYCOM SOFTWARE INC BL95MY0 500.45 4 2,001.80
0.08 WAT WATERS CORP 2937689 395.58 5 1,977.90
0.07 ARE ALEXANDRIA REAL 2009210 196.54 10 1,965.40
0.07 LEN LENNAR CORP-A 2511920 98.07 20 1,961.40
0.07 VLO VALERO ENERGY CORP 2041364 65.32 30 1,959.60
0.07 FITB FIFTH THIRD BANCORP 2336747 39.05 50 1,952.50
0.07 NDAQ NASDAQ INC 2965107 194.50 10 1,945.00
0.07 NUE NUCOR CORP 2651086 97.18 20 1,943.60
0.07 SYF SYNCHRONY FINANCIAL BP96PS6 48.35 40 1,934.00
0.07 CBRE CBRE GROUP INC - A B6WVMH3 95.85 20 1,917.00
0.07 MAA MID-AMERICA APAR 2589132 190.28 10 1,902.80
0.07 IT GARTNER INC 2372763 316.55 6 1,899.30
0.07 O REALTY INCOME CORP 2724193 67.76 28 1,897.28
0.07 CDW CDW CORP/DE BBM5MD6 189.63 10 1,896.30
0.07 KSU KANSAS CITY SOUTHERN 2607647 269.93 7 1,889.51
0.07 RSG REPUBLIC SERVICES INC 2262530 124.49 15 1,867.35
0.07 GLW CORNING INC 2224701 37.32 50 1,866.00
0.07 BLL BALL CORP 2073022 92.95 20 1,859.00
0.07 PKI PERKINELMER INC 2305844 185.05 10 1,850.50
0.07 PEG PUB SERV ENTERP 2707677 61.02 30 1,830.60
0.07 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 91.23 20 1,824.60
0.07 WEC WEC ENERGY GROUP INC BYY8XK8 91.23 20 1,824.60
0.07 WY WEYERHAEUSER CO 2958936 36.41 50 1,820.50
0.07 SWK STANLEY BLACK & B3Q2FJ4 181.81 10 1,818.10
0.07 TRMB TRIMBLE INC 2903958 90.54 20 1,810.80
0.07 EXR EXTRA SPACE STORAGE INC B02HWR9 179.18 10 1,791.80
0.07 CRL CHARLES RIVER LA 2604336 446.34 4 1,785.36
0.07 DHI DR HORTON INC 2250687 88.47 20 1,769.40
0.07 MLM MARTIN MARIETTA MATERIALS 2572079 350.26 5 1,751.30
0.07 ANET ARISTA NETWORKS INC BN33VM5 350.16 5 1,750.80
0.07 VMC VULCAN MATERIALS CO 2931205 174.25 10 1,742.50
0.07 COO COOPER COS INC/THE 2222631 433.76 4 1,735.04
0.07 QRVO QORVO INC BR9YYP4 173.33 10 1,733.30
0.07 SWKS SKYWORKS SOLUTIONS INC 2961053 172.92 10 1,729.20
0.07 HSY HERSHEY CO/THE 2422806 172.39 10 1,723.90
0.07 TDY TELEDYNE TECHNOLOGIES INC 2503477 427.25 4 1,709.00
0.07 BBY BEST BUY CO INC 2094670 106.80 16 1,708.80
0.07 MKC MCCORMICK-N/V 2550161 85.33 20 1,706.60
0.07 DLTR DOLLAR TREE INC 2272476 85.25 20 1,705.00
0.06 GRMN GARMIN LTD B3Z5T14 169.35 10 1,693.50
0.06 IP INTERNATIONAL PAPER CO 2465254 56.13 30 1,683.90
0.06 AZO AUTOZONE INC 2065955 1,683.76 1 1,683.76
0.06 AEE AMEREN CORPORATION 2050832 83.57 20 1,671.40
0.06 CHD CHURCH & DWIGHT CO INC 2195841 83.21 20 1,664.20
0.06 DAL DELTA AIR LINES INC B1W9D46 41.59 40 1,663.60
0.06 STT STATE STREET CORP 2842040 83.15 20 1,663.00
0.06 ES EVERSOURCE ENERGY BVVN4Q8 82.95 20 1,659.00
0.06 CZR CAESARS ENTERTAINMENT INC BMWWGB0 109.91 15 1,648.65
0.06 ESS ESSEX PROPERTY TRUST INC 2316619 329.64 5 1,648.20
0.06 OKE ONEOK INC 2130109 54.85 30 1,645.50
0.06 BR BROADRIDGE FINL B1VP7R6 164.10 10 1,641.00
0.06 EQR EQUITY RESIDENTIAL 2319157 81.37 20 1,627.40
0.06 DOV DOVER CORP 2278407 162.25 10 1,622.50
0.06 CLX CLOROX COMPANY 2204026 162.19 10 1,621.90
0.06 GWW WW GRAINGER INC 2380863 402.18 4 1,608.72
0.06 OXY OCCIDENTAL PETROLEUM CORP 2655408 26.75 60 1,605.00
0.06 TECH BIO-TECHNE CORP BSHZ3Q0 533.00 3 1,599.00
0.06 NTRS NORTHERN TRUST CORP 2648668 106.43 15 1,596.45
0.06 DTE DTE ENERGY COMPANY 2280220 113.95 14 1,595.30
0.06 EXPE EXPEDIA GROUP INC B748CK2 158.95 10 1,589.50
0.06 PCAR PACCAR INC 2665861 79.42 20 1,588.40
0.06 IR INGERSOLL-RAND INC BL5GZ82 52.90 30 1,587.00
0.06 ENPH ENPHASE ENERGY INC B65SQW4 158.21 10 1,582.10
0.06 BIO BIO-RAD LABORATORIES-A 2098508 785.64 2 1,571.28
0.06 VIAC VIACOMCBS INC - CLASS B BKTNTR9 39.20 40 1,568.00
0.06 FLT FLEETCOR TECHNOLOGIES INC B4R28B3 256.89 6 1,541.34
0.06 HOLX HOLOGIC INC 2433530 76.74 20 1,534.80
0.06 TFX TELEFLEX INC 2881407 383.33 4 1,533.32
0.06 DGX QUEST DIAGNOSTICS INC 2702791 152.71 10 1,527.10
0.06 MPWR MONOLITHIC POWER B01Z7J1 507.93 3 1,523.79
0.06 STE STERIS PLC BFY8C75 215.71 7 1,509.97
0.06 TSN TYSON FOODS INC-CL A 2909730 75.48 20 1,509.60
0.06 VRSN VERISIGN INC 2142922 214.87 7 1,504.09
0.06 ULTA ULTA BEAUTY INC B28TS42 375.85 4 1,503.40
0.06 DRI DARDEN RESTAURANTS INC 2289874 150.32 10 1,503.20
0.06 DPZ DOMINO'S PIZZA INC B01SD70 495.52 3 1,486.56
0.06 FE FIRSTENERGY CORP 2100920 36.86 40 1,474.40
0.06 ED CONSOLIDATED EDISON INC 2216850 73.25 20 1,465.00
0.06 FTV FORTIVE CORP BYT3MK1 73.20 20 1,464.00
0.06 CERN CERNER CORP 2185284 72.96 20 1,459.20
0.06 CE CELANESE CORP B05MZT4 145.67 10 1,456.70
0.06 TTWO TAKE-TWO INTERAC 2122117 145.25 10 1,452.50
0.06 HBAN HUNTINGTON BANCSHARES INC 2445966 14.50 100 1,450.00
0.06 KHC KRAFT HEINZ CO/THE BYRY499 36.13 40 1,445.20
0.05 NTAP NETAPP INC 2630643 89.98 16 1,439.68
0.05 PPL PPL CORP 2680905 28.48 50 1,424.00
0.05 HES HESS CORP 2023748 70.82 20 1,416.40
0.05 KMX CARMAX INC 2983563 140.51 10 1,405.10
0.05 TYL TYLER TECHNOLOGIES INC 2909644 467.91 3 1,403.73
0.05 ABMD ABIOMED INC 2003698 348.96 4 1,395.84
0.05 PEAK HEALTHPEAK PROPERTIES INC BJBLRK3 34.62 40 1,384.80
0.05 HIG HARTFORD FINL SV 2476193 68.93 20 1,378.60
0.05 CTLT CATALENT INC BP96PQ4 137.21 10 1,372.10
0.05 POOL POOL CORP 2781585 456.00 3 1,368.00
0.05 RCL ROYAL CARIBBEAN 2754907 85.33 16 1,365.28
0.05 MTB M & T BANK CORP 2340168 136.50 10 1,365.00
0.05 XYL XYLEM INC B3P2CN8 133.16 10 1,331.60
0.05 BBWI BATH & BODY WORKS INC BNNTGJ5 66.42 20 1,328.40
0.05 VFC VF CORP 2928683 66.05 20 1,321.00
0.05 J JACOBS ENGIN GRP 2469052 130.54 10 1,305.40
0.05 RJF RAYMOND JAMES 2718992 86.92 15 1,303.80
0.05 IEX IDEX CORP 2456612 215.20 6 1,291.20
0.05 MGM MGM RESORTS INTERNATIONAL 2547419 43.02 30 1,290.60
0.05 CFG CITIZENS FINANCIAL GROUP BQRX1X3 42.68 30 1,280.40
0.05 AVY AVERY DENNISON CORP 2066408 213.39 6 1,280.34
0.05 MKTX MARKETAXESS HOLDINGS INC B03Q9D0 425.65 3 1,276.95
0.05 K KELLOGG CO 2486813 63.22 20 1,264.40
0.05 EVRG EVERGY INC BFMXGR0 62.83 20 1,256.60
0.05 PFG PRINCIPAL FINANCIAL GROUP 2803014 62.57 20 1,251.40
0.05 WHR WHIRLPOOL CORP 2960384 207.37 6 1,244.22
0.05 CBOE CBOE GLOBAL MARKETS INC B5834C5 123.99 10 1,239.90
0.05 EXPD EXPEDITORS INTL WASH INC 2325507 123.04 10 1,230.40
0.05 CMS CMS ENERGY CORP 2219224 61.49 20 1,229.80
0.05 GPC GENUINE PARTS CO 2367480 122.34 10 1,223.40
0.05 ABC AMERISOURCEBERGEN CORP 2795393 122.09 10 1,220.90
0.05 KEY KEYCORP 2490911 20.31 60 1,218.60
0.05 DVN DEVON ENERGY CORP 2480677 30.44 40 1,217.60
0.05 PTC PTC INC B95N910 121.09 10 1,210.90
0.05 SJM JM SMUCKER CO/THE 2951452 120.57 10 1,205.70
0.05 HAL HALLIBURTON CO 2405302 19.75 60 1,185.00
0.05 HPE HEWLETT PACKA BYVYWS0 13.16 90 1,184.40
0.05 TER TERADYNE INC 2884183 118.31 10 1,183.10
0.05 CCL CARNIVAL CORP 2523044 23.61 50 1,180.50
0.04 AMCR AMCOR PLC BJ1F307 11.74 100 1,174.00
0.04 BKR BAKER HUGHES CO BDHLTQ5 23.44 50 1,172.00
0.04 RF REGIONS FINANCIAL CORP B01R311 19.52 60 1,171.20
0.04 EIX EDISON INTERNATIONAL 2829515 58.35 20 1,167.00
0.04 PWR QUANTA SERVICES INC 2150204 115.87 10 1,158.70
0.04 LNT ALLIANT ENERGY CORP 2973821 57.44 20 1,148.80
0.04 CINF CINCINNATI FINANCIAL CORP 2196888 114.46 10 1,144.60
0.04 WDC WESTERN DIGITAL CORP 2954699 56.58 20 1,131.60
0.04 MAS MASCO CORP 2570200 56.51 20 1,130.20
0.04 VTR VENTAS INC 2927925 56.21 20 1,124.20
0.04 BXP BOSTON PROPERTIES INC 2019479 111.21 10 1,112.10
0.04 IPG INTERPUBLIC GRP 2466321 36.99 30 1,109.70
0.04 CTXS CITRIX SYSTEMS INC 2182553 109.04 10 1,090.40
0.04 AKAM AKAMAI TECHNOLOGIES INC 2507457 108.66 10 1,086.60
0.04 CDAY CERIDIAN HCM HOLDING INC BFX1V56 108.59 10 1,085.90
0.04 UDR UDR INC 2727910 53.64 20 1,072.80
0.04 SNA SNAP-ON INC 2818740 212.02 5 1,060.10
0.04 VTRS VIATRIS INC BMWS3X9 13.25 80 1,060.00
0.04 ETR ENTERGY CORP 2317087 105.99 10 1,059.90
0.04 AAP ADVANCE AUTO PARTS INC 2822019 211.21 5 1,056.05
0.04 CAH CARDINAL HEALTH INC 2175672 51.01 20 1,020.20
0.04 RE EVEREST RE GROUP LTD 2556868 253.38 4 1,013.52
0.04 LKQ LKQ CORP 2971029 50.56 20 1,011.20
0.04 JBHT HUNT (JB) TRANS 2445416 168.51 6 1,011.06
0.04 RHI ROBERT HALF INTL INC 2110703 100.95 10 1,009.50
0.04 EMN EASTMAN CHEMICAL CO 2298386 100.17 10 1,001.70
0.04 CAG CONAGRA BRANDS INC 2215460 33.30 30 999.00
0.04 NLOK NORTONLIFELOCK INC BJN4XN5 24.94 40 997.60
0.04 DRE DUKE REALTY CORP 2284084 49.42 20 988.40
0.04 PKG PACKAGING CORP OF AMERICA 2504566 140.74 7 985.18
0.04 CNP CENTERPOINT ENERGY INC 2440637 24.56 40 982.40
0.04 WRK WESTROCK CO BYR0914 48.85 20 977.00
0.04 BRO BROWN & BROWN INC 2692687 57.40 17 975.80
0.04 PHM PULTEGROUP INC 2708841 47.88 20 957.60
0.04 AES AES CORP 2002479 23.67 40 946.80
0.04 HAS HASBRO INC 2414580 94.31 10 943.10
0.04 FMC FMC CORP 2328603 94.04 10 940.40
0.04 HWM HOWMET AEROSPACE INC BKLJ8V2 31.11 30 933.30
0.04 FBHS FORTUNE BRANDS H B3MC7D6 93.23 10 932.30
0.04 LDOS LEIDOS HOLDINGS INC BDV82B8 92.21 10 922.10
0.04 UAL UNITED AIRLINES B4QG225 45.68 20 913.60
0.03 IRM IRON MOUNTAIN INC BVFTF03 44.78 20 895.60
0.03 ATO ATMOS ENERGY CORP 2315359 88.75 10 887.50
0.03 LYV LIVE NATION ENTE B0T7YX2 88.32 10 883.20
0.03 GL GLOBE LIFE INC BK6YKG1 87.91 10 879.10
0.03 LUMN LUMEN TECHNOLOGIES INC BMDH249 12.55 70 878.50
0.03 CHRW CH ROBINSON 2116228 87.51 10 875.10
0.03 KIM KIMCO REALTY CORP 2491594 21.84 40 873.60
0.03 WAB WABTEC CORP 2955733 86.86 10 868.60
0.03 BWA BORGWARNER INC 2111955 42.70 20 854.00
0.03 DISH DISH NETWORK CORP-A 2303581 42.35 20 847.00
0.03 FANG DIAMONDBACK ENERGY INC B7Y8YR3 84.38 10 843.80
0.03 JKHY JACK HENRY 2469193 168.76 5 843.80
0.03 NRG NRG ENERGY INC 2212922 42.18 20 843.60
0.03 STX SEAGATE TECHNOLO BKVD2N4 82.94 10 829.40
0.03 HST HOST HOTELS & RESORTS INC 2567503 16.52 50 826.00
0.03 AAL AMERICAN AIRLINE BCV7KT2 20.52 40 820.80
0.03 ALLE ALLEGION PLC BFRT3W7 136.37 6 818.22
0.03 HRL HORMEL FOODS CORP 2437264 40.84 20 816.80
0.03 WYNN WYNN RESORTS LTD 2963811 80.79 10 807.90
0.03 FFIV F5 NETWORKS INC 2427599 198.59 4 794.36
0.03 TPR TAPESTRY INC BF09HX3 38.98 20 779.60
0.03 HSIC HENRY SCHEIN INC 2416962 76.86 10 768.60
0.03 HII HUNTINGTON INGAL B40SSC9 191.47 4 765.88
0.03 FOXA FOX CORP - CLASS A BJJMGL2 38.21 20 764.20
0.03 PNR PENTAIR PLC BLS09M3 75.34 10 753.40
0.03 PENN PENN NATIONAL GAMING INC 2682105 73.74 10 737.40
0.03 MHK MOHAWK INDUSTRIES INC 2598699 184.08 4 736.32
0.03 CMA COMERICA INC 2212870 73.57 10 735.70
0.03 PNW PINNACLE WEST CAPITAL 2048804 72.95 10 729.50
0.03 UHS UNIVERSAL HLTH-B 2923785 145.65 5 728.25
0.03 OMC OMNICOM GROUP 2279303 72.44 10 724.40
0.03 NI NISOURCE INC 2645409 24.13 30 723.90
0.03 WRB WR BERKLEY CORP 2093644 72.29 10 722.90
0.03 LVS LAS VEGAS SANDS CORP B02T2J7 36.12 20 722.40
0.03 TXT TEXTRON INC 2885937 69.66 10 696.60
0.03 INCY INCYTE CORP 2471950 69.59 10 695.90
0.03 DXC DXC TECHNOLOGY CO BYXD7B3 34.78 20 695.60
0.03 NWSA NEWS CORP - CLASS A BBGVT40 23.12 30 693.60
0.03 BF/B BROWN-FORMAN CORP-CLASS B 2146838 68.60 10 686.00
0.03 REG REGENCY CENTERS CORP 2726177 68.09 10 680.90
0.03 MOS MOSAIC CO/THE B3NPHP6 33.18 20 663.60
0.03 OGN ORGANON & CO BLDC8J4 32.65 20 653.00
0.02 LNC LINCOLN NATIONAL CORP 2516378 64.42 10 644.20
0.02 AIZ ASSURANT INC 2331430 160.09 4 640.36
0.02 IPGP IPG PHOTONICS CORP 2698782 159.59 4 638.36
0.02 AOS SMITH (A.O.) CORP 2816023 63.77 10 637.70
0.02 BEN FRANKLIN RESOURCES INC 2350684 30.56 20 611.20
0.02 LW LAMB WESTON HOLDINGS INC BDQZFJ3 61.02 10 610.20
0.02 DVA DAVITA INC 2898087 121.11 5 605.55
0.02 MRO MARATHON OIL CORP 2910970 12.02 50 601.00
0.02 WU WESTERN UNION CO B1F76F9 20.00 30 600.00
0.02 XRAY DENTSPLY SIRONA INC BYNPPC6 59.63 10 596.30
0.02 FRT FEDERAL REALTY INVS TRUST 2333931 118.66 5 593.30
0.02 COG CABOT OIL & GAS CORP 2162340 19.36 30 580.80
0.02 ALK ALASKA AIR GROUP INC 2012605 57.45 10 574.50
0.02 ZION ZIONS BANCORP NA 2989828 56.91 10 569.10
0.02 SEE SEALED AIR CORP 2232793 56.37 10 563.70
0.02 JNPR JUNIPER NETWORKS INC 2431846 27.77 20 555.40
0.02 PVH PVH CORP B3V9F12 107.56 5 537.80
0.02 L LOEWS CORP 2523022 52.37 10 523.70
0.02 NCLH NORWEGIAN CRUISE B9CGTC3 26.01 20 520.20
0.02 CF CF INDUSTRIES HO B0G4K50 50.42 10 504.20
0.02 DISCK DISCOVERY INC-C B3D7KG4 24.48 20 489.60
0.02 IVZ INVESCO LTD B28XP76 24.29 20 485.80
0.02 NWL NEWELL BRANDS INC 2635701 23.96 20 479.20
0.02 PBCT PEOPLE'S UNITED FINANCIAL B1W41J2 15.93 30 477.90
0.02 LEG LEGGETT & PLATT INC 2510682 45.89 10 458.90
0.02 TAP MOLSON COORS-B B067BM3 45.63 10 456.30
0.02 VNO VORNADO REALTY TRUST 2933632 42.54 10 425.40
0.02 CPB CAMPBELL SOUP CO 2162845 42.36 10 423.60
0.02 APA APA CORP BNNF1C1 20.12 20 402.40
0.02 NLSN NIELSEN HOLDINGS PLC BWFY550 19.53 20 390.60
0.01 ROL ROLLINS INC 2747305 37.54 10 375.40
0.01 HBI HANESBRANDS INC B1BJSL9 18.50 20 370.00
0.01 FOX FOX CORP - CLASS B BJJMGY5 35.42 10 354.20
0.01 RL RALPH LAUREN CORP B4V9661 112.56 3 337.69
0.01 DISCA DISCOVERY INC - A B3D7K31 25.44 10 254.40
0.01 GPS GAP INC/THE 2360326 23.63 10 236.30
0.01 NWS NEWS CORP - CLASS B BBGVT51 22.53 10 225.30
0.01 UAA UNDER ARMOUR INC-CLASS A B0PZN11 20.76 10 207.60
0.01 UA UNDER ARMOUR INC-CLASS C BDF9YM2 18.28 10 182.80
-0.88 XSP US 10/15/21 C445 388.00 -60 -23,280.00
Holdings are subject to change.


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.