Global X - Nasdaq 100 Risk Managed Income ETF
QRMI
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 605 Third Avenue, 43rd Floor New York NY United States of America 10158
- IPO Date
- Aug 26, 2021
- CIK
- 0001432353
- Website
- globalxetfs.com
- Similar Companies
- Business
- Global X NASDAQ 100 Risk Managed Income ETF (QRMI) is an exchange-traded fund that seeks to provide investment results corresponding generally to the price and yield performance, before fees and expenses, of the Nasdaq-100 Monthly Net Credit Collar 95-100 Index. The fund employs a protective net-credit collar strategy by holding the stocks comprising the Nasdaq-100 Index, selling at-the-money call options on the index to generate income, and buying 5% out-of-the-money protective put options to mitigate downside risk from major market selloffs; it invests at least 80% of its total assets in securities of the underlying index, including direct equity holdings in large-cap growth stocks such as NVIDIA Corp., Apple Inc., Microsoft Corp., Broadcom Inc., and Amazon.com Inc., supplemented by derivatives for the options overlay. QRMI targets investors seeking monthly income from covered call premiums combined with risk-managed exposure to the technology-heavy Nasdaq-100, delivering a high dividend yield of approximately 12.76% on a trailing twelve-month basis with monthly distributions maintained for four years running. Launched on August 25, 2021, and domiciled in the United States, QRMI is issued and managed by Global X Management Company LLC, with a net expense ratio of 0.60% to 0.61% and assets under management of approximately $16 million to $18 million as of late 2025. The fund primarily operates in the U.S. equity market, focusing on large-cap growth stocks across sectors including information technology, communication services, consumer discretionary, and health care, while listed on the Nasdaq stock exchange under the ticker QRMI. It is available for sale in the United States and Mexico, with portfolio managers including John Belanger, Nam To, Wayne Xie, Kimberly Chan, and Vanessa Yang, and custody provided by Brown Brothers Harriman & Co. In recent developments, QRMI has continued monthly prospectus updates and periodic filings with the SEC, including NPORT-P and 497K amendments as of late 2024, alongside ongoing options position adjustments such as rolling short Nasdaq-100 call options and long put options to December 2025 expirations to maintain its collar strategy amid market volatility. Global X Management Company LLC, the fund's issuer, announced the liquidation of certain other small-asset funds representing less than 0.2% of its total AUM in July 2025, reaffirming commitment to its covered call suite—including QRMI—with over $13 billion in AUM across related strategies, though no specific changes such as partnerships, acquisitions, or new product launches directly impacted QRMI in the last 1-2 years. The fund has sustained stable operations with consistent monthly payouts and performance tracking closely to its benchmark, posting 1-year NAV returns of 5.47% and 3-year returns of 7.66% as of late 2025.