XRMI
Global X S&P 500 Risk Managed Income ETFXRMI Fund Description
XRMI tracks an index that holds S&P 500 stocks combined with an options collar strategy. The fund buys 5% OTM put options and sells ATM covered call options on a monthly basis.
XRMI Factset Analytics Insight
XRMI holds the constituents of the S&P 500 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.
XRMI Summary Data
XRMI Portfolio Data
XRMI Index Data
XRMI Portfolio Management
XRMI Tax Exposures
XRMI Fund Structure
XRMI Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of XRMI. XRMI is rated a 5 out of 5.
XRMI Tradability
XRMI Sector/Industry Breakdown
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XRMI Top 10 Holdings[View All]
XRMI Countries
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XRMI Economic Development
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XRMI Performance Statistics
XRMI Benchmark Comparison Summary
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XRMI Benchmark Comparison Market Cap Size
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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.
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