Global X - S&P 500 Risk Managed Income ETF
XRMI
New York Stock Exchange Arca- -
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 S&P 500 Risk Managed Income ETF (XRMI) 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 Cboe S&P 500 Risk Managed Income Index. The fund employs a protective net-credit collar strategy by holding the stocks comprising the S&P 500 Index, selling at-the-money call options on the index to generate income, and buying 5% out-of-the-money put options on the index to mitigate downside risk from major market selloffs; it invests at least 80% of its total assets in securities of the underlying index and has made monthly distributions for four years running. XRMI offers exposure primarily to large-cap U.S. equities, with top holdings including NVIDIA Corp., Apple Inc., and Microsoft Corp., and targets investors seeking income characteristics of covered calls alongside risk management. Launched on August 25, 2021, XRMI operates in the derivative income category within the broader exchange-traded funds industry, with assets under management of approximately $44 million as of recent data. The fund is issued and managed by Global X Management Company LLC, a subsidiary of Mirae Asset Financial Group founded in 2008 and headquartered at 605 Third Avenue, New York, New York. It trades on NYSE Arca and focuses on U.S. markets, providing an alternative income source for retail and institutional investors through its options overlay on S&P 500 constituents. In recent developments, Global X has continued expanding its ETF lineup, including launches of new funds such as those tracking China's Hang Seng TECH Index, silver bullion covered call strategies, and U.S. Treasury bond indices in October 2025, alongside completing name changes and management fee reductions for select Canadian ETFs in March 2025; while XRMI itself has not undergone specific structural alterations, these issuer-wide initiatives reflect ongoing product innovation and strategic enhancements in risk ratings and fixed income offerings during 2025. The fund maintains a beta of approximately 0.32 relative to the S&P 500 and a standard deviation of 5.40%, underscoring its risk-managed profile amid stable monthly payouts.