XRMI

Global X S&P 500 Risk Managed Income ETF

$17.84
+0.00%
Market closed. Last update: 10:50 PM ET

📎 Investment Objective

The Global X S&P 500 Risk Managed Income ETF (XRMI) seeks to provide current income and risk-managed exposure to the large-cap U.S. equity market, as represented by the S&P 500 Index.

Overview

ETF tracking Global X S&P 500 Risk Managed Income ETF

Category Large Cap
Issuer Other
Inception Date 2021-08-26
Market Cap $43.7M
Average Volume N/A
Dividend Yield 10.41%
52-Week Range $17.45 - $19.62
VWAP $17.80

Performance

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Investment Summary

📎 Investment Objective

The Global X S&P 500 Risk Managed Income ETF (XRMI) seeks to provide current income and risk-managed exposure to the large-cap U.S. equity market, as represented by the S&P 500 Index.

🎯 Investment Strategy

XRMI aims to achieve its objective by investing in a portfolio of S&P 500 stocks and employing an options-based risk management strategy. The fund uses a combination of long positions in S&P 500 stocks and a put option overlay to generate income and manage downside risk.

✨ Key Features

  • Seeks to provide current income and risk-managed exposure to the S&P 500 Index
  • Utilizes an options-based strategy to generate income and manage downside risk
  • Invests in a portfolio of S&P 500 stocks
  • Designed to provide a balance of income and growth potential

⚠️ Primary Risks

  • Market risk: The value of the fund's holdings may decline due to general market conditions
  • Equity risk: The fund is subject to the risks associated with investing in equity securities
  • Options risk: The use of options may not be successful and could result in losses
  • Income risk: The fund's income may decline due to falling interest rates or other factors

👤 Best For

XRMI may be suitable for investors seeking current income and risk-managed exposure to the large-cap U.S. equity market. The fund's options-based strategy may appeal to investors who are looking to balance growth potential with downside risk management.