QRMI Global X NASDAQ 100 Risk Managed Income ETF
What is QRMI?
QRMI tracks an index that holds NASDAQ 100 stocks while employing an options collar strategy. The fund buys 5% OTM put options and sells ATM covered call options on a monthly basis.
QRMI Factset Analytics Insight
QRMI holds the constituents of the NASDAQ 100 Index while employing an options collar strategy which involves buying 5% out-of-the-money put options and selling at-the-money covered call options in an amount that corresponds to the value of the portfolio. The fund’s exchange-traded put option positions are purchased on a monthly basis and will be held until their one-month maturity. At expiration, these options are either exercised or settled in cash. The options collar strategy seeks to generate a net-credit, meaning that the premium received from the sale of the call options will be greater than the premium paid when buying the put options. Investors should note that selling at-the-money call options caps the fund’s upside potential. In addition, buying and selling shares other than the monthly purchase and expiration dates of the options may result in different returns and buffer protection.
QRMI Summary Data
QRMI Portfolio Data
QRMI Index Data
QRMI Portfolio Management
QRMI Tax Exposures
QRMI Fund Structure
Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of QRMI. QRMI is rated a 5 out of 5.
QRMI Sector/Industry Breakdown
QRMI Top 10 Holdings
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QRMI Economic Development
QRMI Benchmark Comparison Summary
QRMI Benchmark Comparison Market Cap Size
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.