XNAS · Passive · options-income

Global X NASDAQ 100 Risk Managed Income ETF

Global X Management Company LLC

Weighted score · 2.40 / 5

AUM

assets under mgmt

Avg Volume

shares · daily

Distribution

Monthly · 99% ROC

Expense Ratio

0.60% gross

1Y Return

vs underlying

Sharpe

Max DD -20.9%

The Global X NASDAQ 100® Risk Managed Income ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Nasdaq-100 Monthly Net Credit Collar 95-100 Index..

The Fund tracks the Nasdaq-100 Monthly Net Credit Collar 95-100 Index by holding the underlying stocks of the NASDAQ 100® Index and applying a monthly options collar strategy consisting of long 5% out-of-the-money put options and short at-the-money call options on the NASDAQ 100® Index. The collar is structured to generate a net credit, meaning premiums received from sold calls exceed premiums paid for purchased puts. The put options provide downside protection beyond 5%, while the short call options cap upside participation. The Fund generally uses a full replication strategy to match the equity component of the Underlying Index.

On a monthly basis the Fund purchases put options struck approximately 5% below the prevailing NASDAQ 100® Index price and sells call options struck at approximately the prevailing market price, each sized to correspond to the full value of the equity portfolio. The strategy is designed so that premiums received from the short calls exceed premiums paid for the long puts, generating a net credit. Options are exchange-traded, held to expiration, and cash-settled.

NAV HISTORY · JUN '25 – JUN '26

Max DD

Volatility

Sharpe

Sortino

Calmar

Beta

Share of each distribution you’d need to reinvest just to hold NAV flat. Higher means more of the yield is your own capital coming back.

Composition · Recent Distribution

Tax Treatment — Ordinary Income

ORDINARY INCOME

Distribution Composition (Recent)

ROC is not free money — it lowers your cost basis. When shares are sold, capital gains are computed against the lower basis.

Composition · Narrative

The May 2026 distribution of $0.1536 per share is almost entirely composed of Return of Capital (98.81%), with only 1.19% from Net Investment Income. Year-to-date, 99.15% of cumulative distributions have been classified as Return of Capital. The fund estimates it has distributed more than its income, meaning investors are effectively receiving a portion of their own invested capital back.

Distribution Growth by Lookback Period

Sector Mix · Tilt vs Nasdaq-100

Price vs. Moving Averages

Bullish — 50-DMA above 200-DMA

Price $15.73 is above the 200-day SMA ($15.09); 50-day SMA $15.39. The 50-day SMA sits above the 200-day — an established uptrend, no recent crossover. Moving-average signals are a timing aid, not a recommendation — weigh them against the distribution profile and framework score.

Liquidity

Estimated bid/ask spread ~0.07% (tight). Average daily dollar volume ~$0.1M (thin). This spread is a high-low estimate, not a live quote; the issuer's reported median spread and premium/discount to NAV are shown above when available.

AUM ($)