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XRMI

S&P 500 Risk Managed Income ETF

Reasons to Consider XRMI

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Alternative Income Source

XRMI seeks to generate an alternative source of income by selling covered calls.

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Risk-Minded Approach

XRMI buys protective puts to mitigate the risks of a major market selloff.

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Monthly Distributions

XRMI has made monthly distributions 3 years running.

Key Information

As of Sep 12 2025
Inception Date
08/25/21
Total Expense Ratio
0.60%
Net Assets
$43.64 million
NAV
$17.81
Fact Sheet

ETF Summary

The Global X S&P 500 Risk Managed Income ETF (XRMI) employs a protective net-credit collar1 strategy for investors seeking the income characteristics of a covered call fund, while mitigating the risks of a major market selloff with a protective put. XRMI seeks to achieve this outcome by owning the stocks in the S&P 500 Index (SPX), while buying 5% out-of-the-money put options2 on SPX and selling at-the-money call options on the same index.

ETF Objective

The Global X S&P 500 Risk Managed Income ETF (XRMI) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe S&P 500 Risk Managed Income Index.

Trading Details

As of Sep 11 2025
Ticker
XRMI
Bloomberg Index Ticker
CLL1M
CUSIP
37960A206
ISIN
US37960A2069
Primary Exchange
NYSE Arca
Shares Outstanding
2,450,000
Number of Holdings
507
30-Day Median Bid-Ask Spread
0.40%
Distributions

1A protective net-credit collar strategy is a mix of short (sold) call options and long (purchased) put options where the premiums received from the sale of the call options will be greater than the premium paid when buying the put options

2An out-of-the-money put option conveys the right, but not the obligation, to sell an underlying asset at a strike price below that underlying asset’s market price; an out-of-the-money call option conveys the right, but not the obligation, to buy an underlying asset at a strike price above that underlying asset’s market price (learn more)

ETF Prices

As of Sep 12 2025
NAV$17.81Daily Change$0.000.00%
Market Price$17.82Daily Change$0.040.22%

Performance History

Fund NAVMarket PriceIndex
1 Year7.15%7.08%7.93%
3 Years4.37%4.40%5.13%
Since Inception1.03%1.07%1.65%

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Options Details

As of Sep 12 2025
S&P 500 Price
6,584.29
S&P 500 Mini Price
658.43

Upside Cap Details

Option PositionsNotional ExposureStrikeUpside Before CapExpiration DateCalendar Days to Expiry
Short S&P 500 Mini Call Option-$395,0576450.00%Sep 19 20257
Short S&P 500 Call Option-$44,114,74364550.00%Sep 19 20257

Downside Floor Details

Option PositionsNotional ExposureStrikeDownside Before FloorExpiration DateCalendar Days to Expiry
Long S&P 500 Put Option$44,114,7436130-6.90%Sep 19 20257
Long S&P 500 Mini Put Option$395,057613-6.90%Sep 19 20257

Top Holdings

Net Assets (%)TickerNameSEDOLShares HeldMarket Value

ETF Characteristics

As of Sep 12 2025
Return on Equity19.80%
Weighted Avg. Market Cap1,279,911 M
20242025
Price-to-earnings27.4124.08
Price-to-book value5.154.45

ETF Risk Stats

As of Aug 31 2025
VERSUSBETA
S&P 5000.30
NASDAQ-1000.23
MSCI EAFE0.20
MSCI Emg. Mkts0.15
Standard Deviation5.80%

ETF Research

Risk Management Strategies for a Volatile Market Environment

Understanding the Income Landscape for Options Strategies