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 08/05/22

Inception Date 08/25/21
Total Expense Ratio 0.60%
Net Assets $20.61 million
NAV $22.90
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 08/05/22

Ticker XRMI
Bloomberg Index Ticker CLL1M
CUSIP 37960A206
ISIN US37960A2069
Primary Exchange NYSE Arca
Shares Outstanding 900,000
Number of Holdings 507
30-Day Median Bid-Ask Spread 0.35%

Distributions As of 08/05/22

30-Day SEC Yield 1.16%
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 08/05/22

NAV $22.90 Daily Change $0.00 -0.01%
Market Price $22.93 Daily Change $0.00 0.02%

Performance History

As of recent
(06/30/22)
Fund NAV Market Price Index
Year-to-Date -10.63% -10.76% -10.58%
1 Month -3.49% -3.66% -3.35%
3 Months -8.00% -8.17% -7.83%
Since Inception -8.49% -8.45% -8.34%
Year-to-Date -8.41% -8.47% -8.41%
1 Month 2.48% 2.57% 2.44%
3 Months -3.36% -3.23% -3.35%
Since Inception -6.22% -6.10% -6.10%

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 08/05/22

Option Positions Notional Exposure Strike Moneyness Expiration Date Calendar Days to Expiry
Short S&P 500 Call Option -$21,140,468 3850 107.70% 08/19/2022 14
Long S&P 500 Put Option $21,140,468 3660 88.30% 08/19/2022 14
Short S&P 500 Mini Call Option -$1,243,557 385 107.70% 08/19/2022 14
Long S&P 500 Mini Put Option $1,243,557 366 88.30% 08/19/2022 14

Top Holdings As of 08/05/22

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
7.84 AAPL APPLE INC 2046251 165.35 9,877 1,633,161.95
6.52 MSFT MICROSOFT CORP 2588173 282.91 4,804 1,359,099.64
3.80 AMZN AMAZON.COM INC 2000019 140.80 5,619 791,155.20
2.24 TSLA TESLA INC B616C79 864.51 539 465,970.89
2.18 GOOGL ALPHABET INC-CL A BYVY8G0 117.47 3,860 453,434.20
2.01 GOOG ALPHABET INC-CL C BYY88Y7 118.22 3,540 418,498.80
1.63 BRK/B BERKSHIRE HATH-B 2073390 292.07 1,162 339,385.34
1.55 UNH UNITEDHEALTH GROUP INC 2917766 535.06 603 322,641.18
1.47 NVDA NVIDIA CORP 2379504 189.89 1,608 305,343.12
1.39 JNJ JOHNSON & JOHNSON 2475833 171.11 1,690 289,175.90
1.18 META META PLATFORMS INC B7TL820 167.11 1,472 245,985.92
1.15 XOM EXXON MOBIL CORP 2326618 88.45 2,704 239,168.80
1.10 V VISA INC-CLASS A SHARES B2PZN04 215.87 1,057 228,174.59
1.07 PG PROCTER & GAMBLE CO/THE 2704407 144.72 1,540 222,868.80
1.05 JPM JPMORGAN CHASE & CO 2190385 115.76 1,886 218,323.36
0.98 HD HOME DEPOT INC 2434209 309.69 662 205,014.78
0.95 MA MASTERCARD INC - A B121557 357.51 551 196,988.01
0.93 CVX CHEVRON CORP 2838555 153.64 1,261 193,740.04
0.85 PFE PFIZER INC 2684703 49.27 3,602 177,470.54
0.76 KO COCA-COLA CO/THE 2206657 63.38 2,505 158,766.90
0.75 ABBV ABBVIE INC B92SR70 138.04 1,132 156,261.28
0.74 PEP PEPSICO INC 2681511 174.55 888 155,000.40
0.74 BAC BANK OF AMERICA CORP 2295677 33.96 4,548 154,450.08
0.74 COST COSTCO WHOLESALE CORP 2701271 540.67 284 153,550.28
0.73 LLY ELI LILLY & CO 2516152 301.32 507 152,769.24
0.71 TMO THERMO FISHER 2886907 590.26 252 148,745.52
0.69 AVGO BROADCOM INC BDZ78H9 551.44 262 144,477.28
0.68 MRK MERCK & CO. INC. 2778844 87.41 1,623 141,866.43
0.63 ADBE ADOBE INC 2008154 433.43 302 130,895.86
0.60 ACN ACCENTURE PLC-CL A B4BNMY3 309.35 405 125,286.75
0.60 DIS WALT DISNEY CO/THE 2270726 106.63 1,169 124,650.47
0.59 MCD MCDONALD'S CORP 2550707 259.23 474 122,875.02
0.59 ABT ABBOTT LABORATORIES 2002305 109.25 1,122 122,578.50
0.58 VZ VERIZON COMMUNIC 2090571 44.95 2,695 121,140.25
0.58 CRM SALESFORCE INC 2310525 190.17 637 121,138.29
0.58 DHR DANAHER CORP 2250870 290.00 416 120,640.00
0.58 CSCO CISCO SYSTEMS INC 2198163 45.01 2,663 119,861.63
0.55 WMT WALMART INC 2936921 126.58 901 114,048.58
0.53 NEE NEXTERA ENERGY INC 2328915 87.98 1,260 110,854.80
0.53 CMCSA COMCAST CORP-CLASS A 2044545 38.27 2,868 109,758.36
0.52 TXN TEXAS INSTRUMENTS INC 2885409 184.30 593 109,289.90
0.52 QCOM QUALCOMM INC 2714923 150.21 718 107,850.78
0.51 WFC WELLS FARGO & CO 2649100 43.76 2,431 106,380.56
0.51 AMD ADVANCED MICRO DEVICES 2007849 102.31 1,037 106,095.49
0.47 BMY BRISTOL-MYERS SQUIBB CO 2126335 72.12 1,365 98,443.80
0.47 LIN LINDE PLC BZ12WP8 301.97 324 97,838.28
0.47 PM PHILIP MORRIS IN B2PKRQ3 97.60 994 97,014.40
0.45 INTC INTEL CORP 2463247 35.39 2,622 92,792.58
0.44 NKE NIKE INC -CL B 2640147 113.87 813 92,576.31
0.44 UPS UNITED PARCEL-B 2517382 196.76 470 92,477.20
0.44 UNP UNION PACIFIC CORP 2914734 228.62 401 91,676.62
0.43 RTX RAYTHEON TECHNOL BM5M5Y3 93.03 952 88,564.56
0.41 CVS CVS HEALTH CORP 2577609 102.26 840 85,898.40
0.41 INTU INTUIT INC 2459020 468.99 181 84,887.19
0.41 LOW LOWE'S COS INC 2536763 199.08 425 84,609.00
0.41 AMGN AMGEN INC 2023607 246.25 343 84,463.75
0.40 T AT&T INC 2831811 18.35 4,591 84,244.85
0.40 HON HONEYWELL INTL 2020459 192.27 437 84,021.99
0.40 SPGI S&P GLOBAL INC BYV2325 376.65 221 83,239.57
0.39 AMT AMERICAN TOWER CORP B7FBFL2 272.19 297 80,840.43
0.38 MDT MEDTRONIC PLC BTN1Y11 93.28 858 80,034.24
0.37 ORCL ORACLE CORP 2661568 77.35 1,008 77,968.80
0.37 MS MORGAN STANLEY 2262314 86.13 897 77,258.61
0.37 COP CONOCOPHILLIPS 2685717 92.85 828 76,879.80
0.37 IBM IBM 2005973 132.48 575 76,176.00
0.36 GS GOLDMAN SACHS GROUP INC 2407966 334.67 224 74,966.08
0.35 ELV ELEVANCE HEALTH INC BSPHGL4 475.13 155 73,645.15
0.34 PYPL PAYPAL HOLDINGS INC BYW36M8 95.32 741 70,632.12
0.32 SCHW SCHWAB (CHARLES) CORP 2779397 69.31 967 67,022.77
0.32 ADP AUTOMATIC DATA PROCESSING 2065308 247.20 268 66,249.60
0.31 LMT LOCKHEED MARTIN CORP 2522096 426.41 153 65,240.73
0.31 NFLX NETFLIX INC 2857817 226.78 284 64,405.52
0.31 C CITIGROUP INC 2297907 51.66 1,245 64,316.70
0.30 CAT CATERPILLAR INC 2180201 185.39 342 63,403.38
0.30 BLK BLACKROCK INC 2494504 695.93 91 63,329.63
0.30 SBUX STARBUCKS CORP 2842255 85.73 734 62,925.82
0.30 NOW SERVICENOW INC B80NXX8 494.85 127 62,845.95
0.30 PLD PROLOGIS INC B44WZD7 131.39 473 62,147.47
0.30 AMAT APPLIED MATERIALS INC 2046552 109.62 565 61,935.30
0.30 DE DEERE & CO 2261203 343.31 179 61,452.49
0.30 AXP AMERICAN EXPRESS CO 2026082 157.51 390 61,428.90
0.29 ADI ANALOG DEVICES INC 2032067 177.25 336 59,556.00
0.28 BA BOEING CO/THE 2108601 165.04 356 58,754.24
0.27 CI CIGNA CORP BHJ0775 281.77 202 56,917.54
0.27 MDLZ MONDELEZ INTER-A B8CKK03 63.77 887 56,563.99
0.27 ISRG INTUITIVE SURGICAL INC 2871301 240.32 231 55,513.92
0.26 TMUS T-MOBILE US INC B94Q9V0 144.56 377 54,499.12
0.26 DUK DUKE ENERGY CORP B7VD3F2 109.16 492 53,706.72
0.26 MMM 3M CO 2595708 147.41 364 53,657.24
0.26 MMC MARSH & MCLENNAN COS 2567741 165.60 323 53,488.80
0.25 GE GENERAL ELECTRIC CO BL59CR9 74.36 705 52,423.80
0.25 SO SOUTHERN CO/THE 2829601 77.27 678 52,389.06
0.25 ZTS ZOETIS INC B95WG16 174.61 300 52,383.00
0.25 MO ALTRIA GROUP INC 2692632 44.10 1,159 51,111.90
0.24 CB CHUBB LTD B3BQMF6 185.32 271 50,221.72
0.24 CCI Crown Castle Inc BTGQCX1 178.40 277 49,416.80
0.24 GILD GILEAD SCIENCES INC 2369174 61.09 803 49,055.27
0.24 TGT TARGET CORP 2259101 166.13 295 49,008.35
0.23 BKNG BOOKING HOLDINGS INC BDRXDB4 1,924.97 25 48,124.25
0.23 VRTX VERTEX PHARM 2931034 288.03 164 47,236.92
0.23 TJX TJX COMPANIES INC 2989301 62.82 750 47,115.00
0.22 CME CME GROUP INC 2965839 202.15 231 46,696.65
0.22 LRCX LAM RESEARCH CORP 2502247 519.97 89 46,277.33
0.22 BDX BECTON DICKINSON AND CO 2087807 254.23 182 46,269.86
0.22 SYK STRYKER CORP 2853688 215.79 214 46,179.06
0.22 CSX CSX CORP 2160753 33.11 1,389 45,989.79
0.22 PNC PNC FINANCIAL SE 2692665 167.04 273 45,601.92
0.21 MU MICRON TECHNOLOGY INC 2588184 62.46 715 44,658.90
0.21 NOC NORTHROP GRUMMAN CORP 2648806 477.59 93 44,415.87
0.21 PGR PROGRESSIVE CORP 2705024 118.28 374 44,236.72
0.21 REGN REGENERON PHARMACEUTICALS 2730190 613.61 72 44,179.92
0.21 CL COLGATE-PALMOLIVE CO 2209106 80.43 546 43,914.78
0.21 D DOMINION ENERGY INC 2542049 82.57 520 42,936.40
0.21 WM WASTE MANAGEMENT INC 2937667 168.83 253 42,713.99
0.20 TFC TRUIST FINANCIAL CORP BKP7287 50.10 850 42,585.00
0.20 EQIX EQUINIX INC BVLZX12 697.51 61 42,548.11
0.20 EW EDWARDS LIFESCIENCES CORP 2567116 106.12 396 42,023.52
0.20 MRNA MODERNA INC BGSXTS3 186.84 220 41,104.80
0.20 USB US BANCORP 2736035 47.39 866 41,039.74
0.19 EL ESTEE LAUDER 2320524 270.74 149 40,340.26
0.19 ATVI ACTIVISION BLIZZARD INC 2575818 80.49 501 40,325.49
0.19 EOG EOG RESOURCES INC 2318024 107.01 374 40,021.74
0.19 FISV FISERV INC 2342034 106.08 371 39,355.68
0.19 HUM HUMANA INC 2445063 484.02 81 39,205.62
0.19 APD AIR PRODS & CHEM 2011602 262.64 148 38,870.72
0.19 ETN EATON CORP PLC B8KQN82 148.65 261 38,797.65
0.19 F FORD MOTOR CO 2615468 15.30 2,522 38,586.60
0.19 AON AON PLC-CLASS A BLP1HW5 287.53 134 38,529.02
0.18 NSC NORFOLK SOUTHERN CORP 2641894 251.02 153 38,406.06
0.18 ITW ILLINOIS TOOL WORKS 2457552 210.76 182 38,358.32
0.18 ICE INTERCONTINENTAL BFSSDS9 105.02 364 38,227.28
0.18 FIS FIDELITY NATIONA 2769796 97.37 389 37,876.93
0.18 SHW SHERWIN-WILLIAMS CO/THE 2804211 237.08 159 37,695.72
0.18 KLAC KLA CORP 2480138 395.74 95 37,595.30
0.18 CASH 1.00 37,381 37,381.17
0.18 DG DOLLAR GENERAL CORP B5B1S13 253.08 147 37,202.76
0.18 BSX BOSTON SCIENTIFIC CORP 2113434 40.94 908 37,173.52
0.18 SNPS SYNOPSYS INC 2867719 374.29 98 36,680.42
0.17 FDX FEDEX CORP 2142784 234.89 153 35,938.17
0.17 GD GENERAL DYNAMICS CORP 2365161 228.76 154 35,229.04
0.17 CHTR CHARTER COMMUN-A BZ6VT82 462.98 75 34,723.50
0.17 CNC CENTENE CORP 2807061 93.05 373 34,707.65
0.16 EMR EMERSON ELECTRIC CO 2313405 90.39 379 34,257.81
0.16 CDNS CADENCE DESIGN SYS INC 2302232 186.55 182 33,952.10
0.16 GM GENERAL MOTORS CO B665KZ5 36.06 930 33,535.80
0.16 OXY OCCIDENTAL PETROLEUM CORP 2655408 59.01 568 33,517.68
0.16 AEP AMERICAN ELECTRIC POWER 2026242 99.46 329 32,722.34
0.15 PSA PUBLIC STORAGE 2852533 331.20 97 32,126.40
0.15 SRE SEMPRA ENERGY 2138158 159.79 200 31,958.00
0.15 MCO MOODY'S CORP 2252058 311.07 102 31,729.14
0.15 NXPI NXP SEMICONDUCTORS NV B505PN7 181.66 174 31,608.84
0.15 MCK MCKESSON CORP 2378534 346.69 91 31,548.79
0.15 PXD PIONEER NATURAL 2690830 217.15 145 31,486.75
0.15 SLB SCHLUMBERGER LTD 2779201 34.66 902 31,263.32
0.15 MPC MARATHON PETROLEUM CORP B3K3L40 90.22 346 31,216.12
0.15 APH AMPHENOL CORP-CL A 2145084 77.54 401 31,093.54
0.15 ADSK AUTODESK INC 2065159 221.70 140 31,038.00
0.15 HCA HCA HEALTHCARE INC B4MGBG6 212.81 145 30,857.45
0.15 ROP ROPER TECHNOLOGIES INC 2749602 431.92 71 30,666.32
0.15 ADM ARCHER-DANIELS-MIDLAND CO 2047317 82.76 364 30,124.64
0.14 FCX FREEPORT-MCMORAN INC 2352118 30.27 969 29,331.63
0.14 GIS GENERAL MILLS INC 2367026 76.17 384 29,249.28
0.14 ORLY O'REILLY AUTOMOTIVE INC B65LWX6 709.01 41 29,069.41
0.14 VLO VALERO ENERGY CORP 2041364 104.99 273 28,662.27
0.14 LHX L3HARRIS TECHNOLOGIES INC BK9DTN5 234.58 122 28,618.76
0.14 MAR MARRIOTT INTL-A 2210614 157.01 182 28,575.82
0.14 MET METLIFE INC 2573209 62.80 455 28,574.00
0.14 KMB KIMBERLY-CLARK CORP 2491839 133.38 214 28,543.32
0.14 EXC EXELON CORP 2670519 44.77 637 28,518.49
0.14 IQV IQVIA HOLDINGS INC BDR73G1 234.74 120 28,168.80
0.14 SYY SYSCO CORP 2868165 86.25 326 28,117.50
0.13 O REALTY INCOME CORP 2724193 72.76 383 27,867.08
0.13 ENPH ENPHASE ENERGY INC B65SQW4 300.91 91 27,382.81
0.13 TEL TE CONNECTIVITY LTD B62B7C3 133.14 205 27,293.70
0.13 CMG CHIPOTLE MEXICAN B0X7DZ3 1,600.78 17 27,213.26
0.13 A AGILENT TECHNOLOGIES INC 2520153 133.61 202 26,989.22
0.13 XEL XCEL ENERGY INC 2614807 73.80 364 26,863.20
0.13 PSX PHILLIPS 66 B78C4Y8 83.76 319 26,719.44
0.13 COF CAPITAL ONE FINA 2654461 106.33 251 26,688.83
0.13 MSI MOTOROLA SOLUTIONS INC B5BKPQ4 250.21 106 26,522.26
0.13 ECL ECOLAB INC 2304227 166.50 159 26,473.50
0.13 PAYX PAYCHEX INC 2674458 129.55 204 26,428.20
0.13 CTVA CORTEVA INC BK73B42 57.90 455 26,344.50
0.13 AZO AUTOZONE INC 2065955 2,195.19 12 26,342.28
0.13 WMB WILLIAMS COS INC 2967181 32.22 817 26,323.74
0.13 AIG AMERICAN INTERNA 2027342 51.83 506 26,225.98
0.13 MCHP MICROCHIP TECHNOLOGY INC 2592174 71.46 364 26,011.44
0.12 TRV TRAVELERS COS INC/THE 2769503 158.96 161 25,592.56
0.12 PH PARKER HANNIFIN CORP 2671501 292.82 86 25,182.52
0.12 STZ CONSTELLATION-A 2170473 244.36 103 25,169.08
0.12 JCI JOHNSON CONTROLS BY7QL61 55.10 455 25,070.50
0.12 DLTR DOLLAR TREE INC 2272476 164.97 151 24,910.47
0.12 MSCI MSCI INC B2972D2 496.18 50 24,809.00
0.12 TT TRANE TECHNOLOGIES PLC BK9ZQ96 154.34 157 24,231.38
0.12 EA ELECTRONIC ARTS INC 2310194 132.56 182 24,125.92
0.11 SBAC SBA COMMUNICATIONS CORP BZ6TS23 345.40 69 23,832.60
0.11 HLT HILTON WORLDWIDE BYVMW06 130.32 182 23,718.24
0.11 DLR DIGITAL REALTY TRUST INC B03GQS4 129.47 182 23,563.54
0.11 AJG ARTHUR J GALLAGHER & CO 2359506 178.51 132 23,563.32
0.11 DOW DOW INC BHXCF84 51.49 455 23,427.95
0.11 WELL WELLTOWER INC BYVYHH4 80.68 289 23,316.52
0.11 CTAS CINTAS CORP 2197137 423.61 55 23,298.55
0.11 GPN GLOBAL PAYMENTS INC 2712013 128.00 182 23,296.00
0.11 NUE NUCOR CORP 2651086 136.64 170 23,228.80
0.11 PRU PRUDENTIAL FINANCIAL INC 2819118 96.51 240 23,162.40
0.11 CARR CARRIER GLOBAL CORP BK4N0D7 41.88 548 22,950.24
0.11 CTSH COGNIZANT TECH-A 2257019 68.72 333 22,883.76
0.11 MNST MONSTER BEVERAGE CORP BZ07BW4 91.38 249 22,753.62
0.11 FTNT FORTINET INC B5B2106 53.39 426 22,744.14
0.11 NEM NEWMONT CORP 2636607 44.77 508 22,743.16
0.11 HPQ HP INC BYX4D52 33.58 670 22,498.60
0.11 ILMN ILLUMINA INC 2613990 223.77 100 22,377.00
0.11 VICI VICI PROPERTIES INC BYWH073 34.45 646 22,254.70
0.11 SPG SIMON PROPERTY GROUP INC 2812452 106.50 208 22,152.00
0.11 DVN DEVON ENERGY CORP 2480677 56.65 390 22,093.50
0.11 ED CONSOLIDATED EDISON INC 2216850 97.19 227 22,062.13
0.11 IDXX IDEXX LABORATORIES INC 2459202 407.78 54 22,020.12
0.11 RMD RESMED INC 2732903 241.80 91 22,003.80
0.11 WEC WEC ENERGY GROUP INC BYY8XK8 103.12 212 21,861.44
0.10 PEG PUB SERV ENTERP 2707677 64.74 335 21,687.90
0.10 OTIS OTIS WORLDWIDE CORP BK531S8 79.32 273 21,654.36
0.10 AFL AFLAC INC 2026361 59.43 364 21,632.52
0.10 WBD WARNER BROS DISCOVERY INC BM8JYX3 14.59 1,482 21,622.38
0.10 YUM YUM! BRANDS INC 2098876 118.42 182 21,552.44
0.10 IFF INTL FLAVORS & FRAGRANCES 2464165 126.74 170 21,545.80
0.10 ALL ALLSTATE CORP 2019952 117.00 182 21,294.00
0.10 DXCM DEXCOM INC B0796X4 89.09 237 21,114.33
0.10 VRSK VERISK ANALYTICS INC B4P9W92 198.38 106 21,028.28
0.10 KMI KINDER MORGAN INC B3NQ4P8 17.47 1,203 21,016.41
0.10 HSY HERSHEY CO/THE 2422806 227.11 91 20,667.01
0.10 BK BANK NY MELLON B1Z77F6 43.50 475 20,662.50
0.10 TDG TRANSDIGM GROUP INC B11FJK3 638.30 32 20,425.60
0.10 KEYS KEYSIGHT TECHNOLOGIES IN BQZJ0Q9 167.26 122 20,405.72
0.10 TWTR TWITTER INC BFLR866 42.52 472 20,069.44
0.10 PCAR PACCAR INC 2665861 91.13 220 20,048.60
0.10 CMI CUMMINS INC 2240202 220.02 91 20,021.82
0.10 BIIB BIOGEN INC 2455965 218.20 91 19,856.20
0.10 MTB M & T BANK CORP 2340168 178.77 111 19,843.47
0.10 KR KROGER CO 2497406 47.25 419 19,797.75
0.10 ON ON SEMICONDUCTOR 2583576 67.63 292 19,747.96
0.10 ES EVERSOURCE ENERGY BVVN4Q8 90.38 218 19,702.84
0.09 FAST FASTENAL CO 2332262 52.95 364 19,273.80
0.09 PPG PPG INDUSTRIES INC 2698470 127.36 151 19,231.36
0.09 KDP KEURIG DR PEPPER INC BD3W133 38.72 495 19,166.40
0.09 DD DUPONT DE NEMOURS INC BK0VN47 58.88 325 19,136.00
0.09 ANET ARISTA NETWORKS INC BN33VM5 126.68 151 19,128.68
0.09 MTD METTLER-TOLEDO 2126249 1,347.72 14 18,868.08
0.09 BAX BAXTER INTERNATIONAL INC 2085102 58.59 322 18,865.98
0.09 HES HESS CORP 2023748 102.89 182 18,725.98
0.09 ROST ROSS STORES INC 2746711 84.23 222 18,699.06
0.09 AME AMETEK INC 2089212 126.25 148 18,685.00
0.09 ROK ROCKWELL AUTOMATION INC 2754060 252.24 74 18,665.76
0.09 AVB AVALONBAY COMMUNITIES INC 2131179 204.91 91 18,646.81
0.09 DFS DISCOVER FINANCI B1YLC43 102.35 182 18,627.70
0.09 RSG REPUBLIC SERVICES INC 2262530 141.90 131 18,588.90
0.09 FRC FIRST REPUBLIC BANK/CA B4WHY15 163.96 113 18,527.48
0.09 CPRT COPART INC 2208073 129.22 143 18,478.46
0.09 TROW T ROWE PRICE GROUP INC 2702337 125.04 146 18,255.84
0.09 EBAY EBAY INC 2293819 47.28 385 18,202.80
0.09 EIX EDISON INTERNATIONAL 2829515 68.26 263 17,952.38
0.09 EXR EXTRA SPACE STORAGE INC B02HWR9 197.22 91 17,947.02
0.09 APTV APTIV PLC B783TY6 98.41 182 17,910.62
0.09 ODFL OLD DOMINION FREIGHT LINE 2656423 303.17 59 17,887.03
0.09 ALB ALBEMARLE CORP 2046853 237.99 75 17,849.25
0.09 EFX EQUIFAX INC 2319146 212.45 84 17,845.80
0.09 AWK AMERICAN WATER W B2R3PV1 154.99 115 17,823.28
0.09 AMP AMERIPRISE FINANCIAL INC B0J7D57 269.06 66 17,757.96
0.09 WBA WALGREENS BOOTS BTN1Y44 38.99 455 17,740.45
0.08 STT STATE STREET CORP 2842040 70.66 246 17,382.36
0.08 CBRE CBRE GROUP INC - A B6WVMH3 83.97 207 17,381.79
0.08 KHC KRAFT HEINZ CO/THE BYRY499 37.57 445 16,718.65
0.08 DHI DR HORTON INC 2250687 76.35 215 16,415.25
0.08 CDW CDW CORP/DE BBM5MD6 179.69 91 16,351.79
0.08 DRE DUKE REALTY CORP 2284084 62.12 263 16,337.56
0.08 EQR EQUITY RESIDENTIAL 2319157 75.22 216 16,247.52
0.08 GLW CORNING INC 2224701 35.80 451 16,145.80
0.08 WST WEST PHARMACEUT 2950482 341.70 47 16,059.90
0.08 OKE ONEOK INC 2130109 58.55 273 15,984.15
0.08 WY WEYERHAEUSER CO 2958936 35.12 455 15,979.60
0.08 TSN TYSON FOODS INC-CL A 2909730 87.45 182 15,915.90
0.08 FITB FIFTH THIRD BANCORP 2336747 34.67 455 15,774.85
0.08 DTE DTE ENERGY COMPANY 2280220 129.10 122 15,750.20
0.08 FTV FORTIVE CORP BYT3MK1 65.27 240 15,664.80
0.08 VMC VULCAN MATERIALS CO 2931205 172.02 91 15,653.82
0.07 ZBH ZIMMER BIOMET HO 2783815 113.26 137 15,516.62
0.07 CEG CONSTELLATION ENERGY BMH4FS1 74.30 208 15,454.41
0.07 IT GARTNER INC 2372763 295.44 52 15,362.88
0.07 URI UNITED RENTALS INC 2134781 323.43 47 15,201.21
0.07 ETR ENTERGY CORP 2317087 117.74 128 15,070.72
0.07 HAL HALLIBURTON CO 2405302 27.79 542 15,062.18
0.07 BKR BAKER HUGHES CO BDHLTQ5 23.88 628 14,996.64
0.07 AEE AMEREN CORPORATION 2050832 91.30 164 14,973.20
0.07 EPAM EPAM SYSTEMS INC B44Z3T8 427.39 35 14,958.65
0.07 MLM MARTIN MARIETTA MATERIALS 2572079 355.93 42 14,949.06
0.07 SIVB SVB FINANCIAL GROUP 2808053 413.21 36 14,875.56
0.07 ANSS ANSYS INC 2045623 285.48 52 14,844.96
0.07 WTW WILLIS TOWERS WATSON PLC BDB6Q21 208.81 71 14,825.51
0.07 CTRA COTERRA ENERGY INC 2162340 27.93 527 14,719.11
0.07 ARE ALEXANDRIA REAL 2009210 159.78 91 14,539.98
0.07 GWW WW GRAINGER INC 2380863 556.02 26 14,456.52
0.07 ALGN ALIGN TECHNOLOGY INC 2679204 293.89 49 14,400.61
0.07 MPWR MONOLITHIC POWER B01Z7J1 532.33 27 14,372.91
0.07 HIG HARTFORD FINL SV 2476193 64.16 221 14,179.36
0.07 LUV SOUTHWEST AIRLINES CO 2831543 38.81 364 14,126.84
0.07 LYB LYONDELLBASELL INDU-CL A B3SPXZ3 85.61 165 14,125.65
0.07 MKC MCCORMICK-N/V 2550161 88.33 159 14,044.47
0.07 LH LABORATORY CP 2586122 254.67 55 14,006.85
0.07 FE FIRSTENERGY CORP 2100920 38.37 364 13,966.68
0.07 LEN LENNAR CORP-A 2511920 84.73 164 13,895.72
0.07 BR BROADRIDGE FINL B1VP7R6 167.85 82 13,763.70
0.07 GPC GENUINE PARTS CO 2367480 150.98 91 13,739.18
0.07 TSCO TRACTOR SUPPLY COMPANY 2900335 189.36 72 13,633.92
0.07 IR INGERSOLL-RAND INC BL5GZ82 49.79 273 13,592.67
0.07 NTRS NORTHERN TRUST CORP 2648668 99.86 136 13,580.96
0.07 CHD CHURCH & DWIGHT CO INC 2195841 87.00 155 13,485.00
0.06 RJF RAYMOND JAMES 2718992 102.30 131 13,401.30
0.06 CTLT CATALENT INC BP96PQ4 110.56 121 13,377.76
0.06 NDAQ NASDAQ INC 2965107 182.07 73 13,291.11
0.06 MAA MID-AMERICA APAR 2589132 179.54 74 13,285.96
0.06 ULTA ULTA BEAUTY INC B28TS42 377.80 35 13,223.00
0.06 CF CF INDUSTRIES HO B0G4K50 100.05 130 13,006.50
0.06 VTR VENTAS INC 2927925 48.95 263 12,873.85
0.06 ABC AMERISOURCEBERGEN CORP 2795393 141.31 91 12,859.21
0.06 PPL PPL CORP 2680905 28.07 455 12,771.85
0.06 FANG DIAMONDBACK ENERGY INC B7Y8YR3 121.37 105 12,743.85
0.06 TTWO TAKE-TWO INTERAC 2122117 127.16 100 12,716.00
0.06 DAL DELTA AIR LINES INC B1W9D46 32.94 384 12,648.96
0.06 WAT WATERS CORP 2937689 337.87 37 12,501.19
0.06 PWR QUANTA SERVICES INC 2150204 136.91 91 12,458.81
0.06 PKI PERKINELMER INC 2305844 153.72 81 12,451.32
0.06 MTCH MATCH GROUP INC BK80XH9 67.78 182 12,335.96
0.06 CMS CMS ENERGY CORP 2219224 67.61 182 12,305.02
0.06 STE STERIS PLC BFY8C75 211.98 58 12,294.84
0.06 MOS MOSAIC CO/THE B3NPHP6 52.22 235 12,271.70
0.06 FLT FLEETCOR TECHNOLOGIES INC B4R28B3 226.63 54 12,238.02
0.06 PAYC PAYCOM SOFTWARE INC BL95MY0 370.01 33 12,210.33
0.06 DOV DOVER CORP 2278407 134.03 91 12,196.73
0.06 HBAN HUNTINGTON BANCSHARES INC 2445966 13.45 906 12,185.70
0.06 BALL BALL CORP 2073022 56.36 215 12,117.40
0.06 RF REGIONS FINANCIAL CORP B01R311 21.35 566 12,084.10
0.06 K KELLOGG CO 2486813 75.04 161 12,081.44
0.06 SEDG SOLAREDGE TECHNO BWC52Q6 315.50 38 11,989.00
0.06 ZBRA ZEBRA TECH CORP 2989356 331.70 36 11,941.20
0.06 XYL XYLEM INC B3P2CN8 97.22 121 11,763.62
0.06 HPE HEWLETT PACKA BYVYWS0 14.36 815 11,703.40
0.06 EXPD EXPEDITORS INTL WASH INC 2325507 103.53 113 11,698.89
0.06 J JACOBS ENGIN GRP 2469052 127.50 91 11,602.50
0.06 TDY TELEDYNE TECHNOLOGIES INC 2503477 398.99 29 11,570.71
0.06 AMCR AMCOR PLC BJ1F307 12.27 930 11,411.10
0.06 CNP CENTERPOINT ENERGY INC 2440637 31.47 361 11,360.67
0.05 HOLX HOLOGIC INC 2433530 71.40 158 11,281.20
0.05 CAH CARDINAL HEALTH INC 2175672 61.51 182 11,194.82
0.05 ESS ESSEX PROPERTY TRUST INC 2316619 278.75 40 11,150.00
0.05 VRSN VERISIGN INC 2142922 198.70 56 11,127.20
0.05 MOH MOLINA HEALTHCARE INC 2212706 324.91 34 11,046.94
0.05 FDS FACTSET RESEARCH 2329770 423.31 26 11,006.06
0.05 COO COOPER COS INC/THE 2222631 330.91 33 10,920.03
0.05 WAB WABTEC CORP 2955733 95.12 114 10,843.68
0.05 CLX CLOROX COMPANY 2204026 138.99 78 10,841.22
0.05 SYF SYNCHRONY FINANCIAL BP96PS6 33.90 318 10,780.20
0.05 STX SEAGATE TECHNOLO BKVD2N4 80.95 133 10,766.35
0.05 TRMB TRIMBLE INC 2903958 68.10 158 10,759.80
0.05 GNRC GENERAC HOLDINGS INC B6197Q2 248.13 43 10,669.59
0.05 AES AES CORP 2002479 24.22 437 10,584.14
0.05 DGX QUEST DIAGNOSTICS INC 2702791 139.38 75 10,453.50
0.05 ATO ATMOS ENERGY CORP 2315359 113.89 91 10,363.99
0.05 MRO MARATHON OIL CORP 2910970 21.77 476 10,362.52
0.05 TECH BIO-TECHNE CORP BSHZ3Q0 382.97 27 10,340.19
0.05 BBY BEST BUY CO INC 2094670 76.38 135 10,311.30
0.05 SWKS SKYWORKS SOLUTIONS INC 2961053 112.66 91 10,252.06
0.05 KEY KEYCORP 2490911 18.06 566 10,221.96
0.05 PFG PRINCIPAL FINANCIAL GROUP 2803014 68.22 149 10,164.78
0.05 JKHY JACK HENRY 2469193 211.07 48 10,131.36
0.05 HWM HOWMET AEROSPACE INC BKLJ8V2 37.06 273 10,117.38
0.05 POOL POOL CORP 2781585 373.64 27 10,088.28
0.05 TYL TYLER TECHNOLOGIES INC 2909644 418.92 24 10,054.08
0.05 CFG CITIZENS FINANCIAL GROUP BQRX1X3 37.21 270 10,046.70
0.05 LKQ LKQ CORP 2971029 55.08 182 10,024.56
0.05 CHRW CH ROBINSON 2116228 109.74 91 9,986.34
0.05 EVRG EVERGY INC BFMXGR0 67.83 146 9,903.18
0.05 IP INTERNATIONAL PAPER CO 2465254 41.79 235 9,820.65
0.05 DRI DARDEN RESTAURANTS INC 2289874 123.58 79 9,762.82
0.05 LNT ALLIANT ENERGY CORP 2973821 61.28 159 9,743.52
0.05 SJM JM SMUCKER CO/THE 2951452 133.08 73 9,714.84
0.05 FMC FMC CORP 2328603 106.33 91 9,676.03
0.05 PEAK HEALTHPEAK PROPERTIES INC BJBLRK3 26.51 364 9,649.64
0.05 BRO BROWN & BROWN INC 2692687 64.90 148 9,605.20
0.05 IRM IRON MOUNTAIN INC BVFTF03 52.30 182 9,518.60
0.05 EXPE EXPEDIA GROUP INC B748CK2 102.52 91 9,329.32
0.05 CTXS CITRIX SYSTEMS INC 2182553 102.50 91 9,327.50
0.05 DPZ DOMINO'S PIZZA INC B01SD70 387.93 24 9,310.32
0.05 ETSY ETSY INC BWTN5N1 109.38 85 9,297.30
0.05 BF/B BROWN-FORMAN CORP-CLASS B 2146838 75.54 123 9,291.42
0.04 CAG CONAGRA BRANDS INC 2215460 34.43 269 9,261.67
0.04 TER TERADYNE INC 2884183 100.75 91 9,168.25
0.04 INCY INCYTE CORP 2471950 72.16 127 9,164.32
0.04 CBOE CBOE GLOBAL MARKETS INC B5834C5 120.48 76 9,156.48
0.04 LDOS LEIDOS HOLDINGS INC BDV82B8 100.55 91 9,150.05
0.04 NTAP NETAPP INC 2630643 72.37 126 9,118.62
0.04 IEX IDEX CORP 2456612 211.93 43 9,112.99
0.04 ABMD ABIOMED INC 2003698 291.50 31 9,036.50
0.04 KMX CARMAX INC 2983563 99.17 91 9,024.47
0.04 CPT CAMDEN PROPERTY TRUST 2166320 137.28 65 8,923.20
0.04 HRL HORMEL FOODS CORP 2437264 48.91 182 8,901.62
0.04 AVY AVERY DENNISON CORP 2066408 193.29 46 8,891.34
0.04 GRMN GARMIN LTD B3Z5T14 97.60 91 8,881.60
0.04 CINF CINCINNATI FINANCIAL CORP 2196888 97.26 91 8,850.66
0.04 PARA PARAMOUNT GLOBAL-CLASS B BKTNTR9 24.26 364 8,830.64
0.04 JBHT HUNT (JB) TRANS 2445416 183.60 48 8,812.80
0.04 NLOK NORTONLIFELOCK INC BJN4XN5 24.21 364 8,812.44
0.04 LYV LIVE NATION ENTE B0T7YX2 96.76 91 8,805.16
0.04 AKAM AKAMAI TECHNOLOGIES INC 2507457 96.28 91 8,761.48
0.04 SWK STANLEY BLACK & B3Q2FJ4 95.97 91 8,733.27
0.04 NVR NVR INC 2637785 4,359.73 2 8,719.46
0.04 EMN EASTMAN CHEMICAL CO 2298386 95.13 91 8,656.83
0.04 QRVO QORVO INC BR9YYP4 106.09 81 8,593.29
0.04 WDC WESTERN DIGITAL CORP 2954699 47.09 182 8,570.38
0.04 UDR UDR INC 2727910 46.76 182 8,510.32
0.04 VFC VF CORP 2928683 45.67 182 8,311.94
0.04 HST HOST HOTELS & RESORTS INC 2567503 17.97 455 8,176.35
0.04 PKG PACKAGING CORP OF AMERICA 2504566 135.22 60 8,113.20
0.04 WRB WR BERKLEY CORP 2093644 61.83 131 8,099.73
0.04 PTC PTC INC B95N910 120.30 67 8,060.10
0.04 SBNY SIGNATURE BANK B00JQL9 187.28 43 8,053.04
0.04 NI NISOURCE INC 2645409 29.47 273 8,045.31
0.04 SNA SNAP-ON INC 2818740 223.00 36 8,028.00
0.04 TFX TELEFLEX INC 2881407 250.57 32 8,018.24
0.04 TXT TEXTRON INC 2885937 64.40 124 7,985.60
0.04 IPG INTERPUBLIC GRP 2466321 29.02 273 7,922.46
0.04 BXP BOSTON PROPERTIES INC 2019479 86.59 91 7,879.69
0.04 MAS MASCO CORP 2570200 52.72 149 7,855.28
0.04 KIM KIMCO REALTY CORP 2491594 21.41 360 7,707.60
0.04 CE CELANESE CORP B05MZT4 110.85 69 7,648.65
0.04 MGM MGM RESORTS INTERNATIONAL 2547419 34.71 219 7,601.49
0.04 OMC OMNICOM GROUP 2279303 69.08 108 7,460.64
0.04 LW LAMB WESTON HOLDINGS INC BDQZFJ3 81.26 91 7,394.66
0.04 WRK WESTROCK CO BYR0914 40.19 182 7,314.58
0.04 VTRS VIATRIS INC BMWS3X9 9.73 748 7,278.04
0.04 SPX US 08/19/22 P3660 142.50 51 7,267.50
0.04 L LOEWS CORP 2523022 55.12 131 7,220.72
0.03 CMA COMERICA INC 2212870 78.19 91 7,115.29
0.03 HAS HASBRO INC 2414580 77.91 91 7,089.81
0.03 RCL ROYAL CARIBBEAN 2754907 39.67 178 7,061.26
0.03 BIO BIO-RAD LABORATORIES-A 2098508 539.65 13 7,015.45
0.03 NRG NRG ENERGY INC 2212922 38.46 182 6,999.72
0.03 RE EVEREST RE GROUP LTD 2556868 255.66 27 6,902.82
0.03 BWA BORGWARNER INC 2111955 37.87 182 6,892.34
0.03 UAL UNITED AIRLINES B4QG225 37.82 182 6,883.24
0.03 MKTX MARKETAXESS HOLDINGS INC B03Q9D0 264.23 26 6,869.98
0.03 HSIC HENRY SCHEIN INC 2416962 75.38 91 6,859.58
0.03 APA APA CORP BNNF1C1 31.75 216 6,858.00
0.03 LVS LAS VEGAS SANDS CORP B02T2J7 38.37 178 6,829.86
0.03 BBWI BATH & BODY WORKS INC BNNTGJ5 37.36 182 6,799.52
0.03 CPB CAMPBELL SOUP CO 2162845 49.42 136 6,721.12
0.03 NDSN NORDSON CORP 2641838 231.55 28 6,483.40
0.03 ROL ROLLINS INC 2747305 37.60 172 6,467.20
0.03 PHM PULTEGROUP INC 2708841 42.38 149 6,314.62
0.03 LUMN LUMEN TECHNOLOGIES INC BMDH249 10.68 589 6,290.52
0.03 TPR TAPESTRY INC BF09HX3 34.08 182 6,202.56
0.03 HII HUNTINGTON INGAL B40SSC9 227.58 27 6,144.66
0.03 FBHS FORTUNE BRANDS H B3MC7D6 67.24 91 6,118.84
0.03 FOXA FOX CORP - CLASS A BJJMGL2 33.33 182 6,066.06
0.03 GL GLOBE LIFE INC BK6YKG1 97.88 61 5,970.68
0.03 CDAY CERIDIAN HCM HOLDING INC BFX1V56 65.04 91 5,918.64
0.03 AAP ADVANCE AUTO PARTS INC 2822019 193.42 30 5,802.60
0.03 OGN ORGANON & CO BLDC8J4 31.50 182 5,733.00
0.03 WHR WHIRLPOOL CORP 2960384 168.46 34 5,727.64
0.03 ALLE ALLEGION PLC BFRT3W7 102.22 56 5,724.32
0.03 REG REGENCY CENTERS CORP 2726177 62.84 91 5,718.44
0.03 AAL AMERICAN AIRLINE BCV7KT2 14.74 384 5,660.16
0.03 CRL CHARLES RIVER LA 2604336 223.38 25 5,584.50
0.03 AOS SMITH (A.O.) CORP 2816023 60.60 91 5,514.60
0.03 RHI ROBERT HALF INTL INC 2110703 78.86 69 5,441.34
0.03 PNW PINNACLE WEST CAPITAL 2048804 75.42 71 5,354.82
0.03 NWL NEWELL BRANDS INC 2635701 19.92 263 5,238.96
0.02 JNPR JUNIPER NETWORKS INC 2431846 28.04 182 5,103.28
0.02 UHS UNIVERSAL HLTH-B 2923785 110.35 46 5,076.10
0.02 BEN FRANKLIN RESOURCES INC 2350684 27.65 182 5,032.30
0.02 FFIV F5 INC 2427599 172.38 29 4,999.02
0.02 TAP MOLSON COORS-B B067BM3 54.07 91 4,920.37
0.02 ZION ZIONS BANCORP NA 2989828 54.00 91 4,914.00
0.02 FRT FEDERAL REALTY INVS TRUST BN7P9B2 105.75 46 4,864.50
0.02 CZR CAESARS ENTERTAINMENT INC BMWWGB0 47.67 100 4,767.00
0.02 CCL CARNIVAL CORP 2523044 9.82 475 4,664.50
0.02 NLSN NIELSEN HOLDINGS PLC BWFY550 23.04 202 4,654.08
0.02 DXC DXC TECHNOLOGY CO BYXD7B3 25.54 182 4,648.28
0.02 NWSA NEWS CORP - CLASS A BBGVT40 17.01 273 4,643.73
0.02 PNR PENTAIR PLC BLS09M3 49.10 91 4,468.10
0.02 SEE SEALED AIR CORP 2232793 55.47 79 4,382.13
0.02 WYNN WYNN RESORTS LTD 2963811 66.71 65 4,336.15
0.02 ALK ALASKA AIR GROUP INC 2012605 46.55 91 4,236.05
0.02 LNC LINCOLN NATIONAL CORP 2516378 45.94 91 4,180.54
0.02 XRAY DENTSPLY SIRONA INC BYNPPC6 36.84 111 4,089.24
0.02 AIZ ASSURANT INC 2331430 155.29 25 3,882.25
0.02 DISH DISH NETWORK CORP-A 2303581 19.20 182 3,494.40
0.02 NCLH NORWEGIAN CRUISE B9CGTC3 13.21 255 3,368.55
0.02 IVZ INVESCO LTD B28XP76 17.92 182 3,261.44
0.02 PENN PENN NATIONAL GAMING INC 2682105 34.15 91 3,107.65
0.02 RL RALPH LAUREN CORP B4V9661 100.22 31 3,106.82
0.01 PVH PVH CORP B3V9F12 64.38 46 2,961.48
0.01 FOX FOX CORP - CLASS B BJJMGY5 31.00 91 2,821.00
0.01 MHK MOHAWK INDUSTRIES INC 2598699 119.97 23 2,759.31
0.01 VNO VORNADO REALTY TRUST 2933632 27.66 91 2,517.06
0.01 DVA DAVITA INC 2898087 85.68 24 2,056.32
0.01 NWS NEWS CORP - CLASS B BBGVT51 17.19 91 1,564.29
0.00 XSP US 08/19/22 P366 15.50 30 465.00
-0.43 XSP US 08/19/22 C385 2,993.50 -30 -89,805.00
-7.29 SPX US 08/19/22 C3850 29,800.00 -51 -1,519,800.00
Holdings are subject to change.

ETF Characteristics As of 08/05/22

Return on Equity 20.10%
Weighted Avg. Market Cap 626,975 M
2021 2022
Price-to-earnings 20.16 18.36
Price-to-book value 3.98 3.45

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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