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.

PERFORMANCE [as of 01/20/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
QRMI 3.55% 2.86% 3.93% -11.58% -- -- --
QRMI (NAV) 3.79% 3.15% 3.98% -11.38% -- -- --
MSCI USA Large Cap Index 3.98% 7.96% 3.56% -11.35% 7.53% 9.14% 12.56%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

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

08/25/21
0.60%
$8.84M
NASDAQ-100 Monthly Net Credit Collar 95-100 Index
MSCI USA Large Cap Index
Open-Ended Fund

Peers

MSCI USA Large Cap Index

Fund Flows

-$0.00B 5 Days
-$0.00B 30 Days
-$0.00B 90 Days

QRMI Portfolio Data

$777.07B
25.34
6.45
10.23%
N/A
104

QRMI Index Data

NASDAQ-100 Monthly Net Credit Collar 95-100 Index
Fixed
Fixed
MSCI USA Large Cap Index

QRMI Portfolio Management

0.60%
--
--
--

QRMI Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

QRMI Fund Structure

Open-Ended Fund
No
Yes
-- / --
N/A
N/A
High
Daily

Factset Analytics Block Liquidity

As of 01/23/23

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 Tradability

6,877
$123.25K
2,246
$39.51K
0.42%
$0.07
0.02%
0.41% / -0.41%
None
100.00%
10,000
0.22
--
0.00%
0
$18.02
5

QRMI Sector/Industry Breakdown

QRMI Segment
Benchmark
34.34% --
31.93% --
12.47% --
7.03% --
5.82% --
4.23% --
4.23% --
1.88% --
1.65% --
1.36% --

QRMI Top 10 Holdings

13.05%
4.02%
59.68%

QRMI Performance Statistics

0.66
0.36
0.36
0.39
1.15%
MSCI USA Large Cap Index

QRMI Countries

QRMI Segment
Benchmark
98.38% 99.88%
0.44% --
0.37% --
0.34% --
0.24% --
-- 0.12%

QRMI Regions

QRMI Segment
Benchmark
98.38% 100.00%
0.81% --
0.58% --

QRMI Economic Development

QRMI Segment
Benchmark
99.44% 100.00%
0.34% 0.00%

QRMI Benchmark Comparison Holdings

104
296
84
41.37%

QRMI Benchmark Comparison Summary

QRMI Segment
Benchmark
104 296
$777.07B $523.16B
25.34 20.54
6.45 4.31
0.89% 1.53%
High Low

QRMI Benchmark Comparison Market Cap Size

QRMI Segment
Benchmark
103.95% 99.85%
0.20% 0.15%
0.00% 0.00%
0.00% 0.00%

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.