QCLR

Global X NASDAQ 100 Collar 95-110 ETF

QCLR tracks an index that invests in the Nasdaq 100 stocks while employing an options collar strategy. The collar involves buying 5% puts and selling 10% calls out-of-the-mone


Rules-Based, Concentrated

MANAGEMENT MATRIX

QRMI

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorGlobal X
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateAug 25, 2021
Assets (mns)$3
Expense ratio25 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsSemi-annual
Taxation1099
Stock selectionFixed
WeightingFixed
Holdings TransparencyFull
Derivatives-basedYes
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
MICROSOFT CORP 8.9 %
APPLE INC 7.4 %
NVIDIA CORP 6.2 %
AMAZON.COM INC 5.4 %
META PLATFORMS INC 5.2 %
BROADCOM INC. 4.5 %
ALPHABET INC. CLASS A 2.5 %
ALPHABET INC. CLASS C 2.5 %
COSTCO WHOLESALE CORP 2.3 %
TESLA MOTORS INC 2.2 %
Constituent Breakdown
Number of holdings101
Herfindahl-Hirschman Index 317
Wgt avg mkt cap (mns)$1,019,010
Large cap (>$10bn)100.0%
Mid cap ($2-10bn)0.0%
Small cap (<$2bn)0.0%
Developed mkts.99.5%
Emerging mkts.0.5%
Country Exposure
UNITED STATES 94.9 %
BRITAIN 2.4 %
NETHERLANDS 1.1 %
CHINA 0.6 %
ARGENTINA 0.5 %
Historical Performance


Standardized Annual Returns (as of 03/31/2024)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
5.9% 21.4% 8.2% -- -- -- 4.7%
Market Correlations
versus...BetaR-squared
S&P 5000.6167%
MSCI EAFE0.4940%
MSCI Emg Mkts0.4433%
Liquidity Measures
Avg. volume (000)0
Turnover0.0%
Avg. Bid/Ask (% of price)0.35%
ADV of underlying (mns)$151,585
Technical Indicators
Recent close$27.82
30d moving avg.$25.16
Annualized volatility14.1%
Relative strength (RSI)79
Short interest (ETF)0.2%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: QCLR vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
4.4 25.2 5.4 0.9% --
Based on closing prices from 4/15/2024
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SHOWING:
Price-to-Earnings
QCLR



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

QCLR

4.5%

Cat. Avg

5.8%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™4.5%
Recommendation

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

Category Overview
There are 886 funds in the US Equities category, with an average ALTAR Score™ of 5.8% and a standard deviation of 2.7%. QCLR's ALTAR Score™ is approximately 0.5 standard deviations below the category average. This places QCLR in the 31st percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
QCLR
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
QCLR 25.0 35.1 60.1
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .