At a glance
QCLR charges 0.25% a year, below the 0.56% average of the 8 funds most like it (the cheapest of 9). It has $3.3M in assets, the 8th largest of that group; it paid 14.92% of its price in distributions over the past 12 months, semiannual. Over the past year it returned −0.6% with distributions reinvested (S&P 500: +11.5%), the weakest of those 9 funds; over three years it returned +15.2% a year. At its worst it fell 16.2% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 14 months after the low. Its ten largest positions make up 44.4% of the fund, out of 103 in all.
The short version
Global X NASDAQ 100 Collar 95-110 ETF (QCLR) tracks a Nasdaq index that holds the Nasdaq-100 stocks plus a quarterly options collar. The collar protects against index losses beyond about 5%, and the fund partly pays for that by giving up gains beyond about 10%. At 0.25% a year, it costs less than eight similar Nasdaq-100 funds. But it is tiny, with about $3.3 million in assets as of July 31, 2026.
Price history
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QCLR -0.6% over the year to Oct 26, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| QCLR official prospectus, to Dec 31, 2025 | — | +11.41% | — | — | — | +8.72% |
| QCLR price data to Oct 26, 2026 | 0.0% | -0.6% | +15.2% | +7.6% | — | +7.2% |
- Over the year to Oct 26, 2026, QCLR returned -0.6%, 9th of 9 among similar funds.
- Its 5-year annualized return was +7.6%.
- Its worst full calendar year was 2022 (-18.9%); its best was 2023 (+28.9%).
- The deepest fall in its price history was 21.8% (Nov 19, 2021 to Dec 28, 2022), recovered by Dec 14, 2023.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +0.0% | — |
| 2025 | +11.3% | +11.41% |
| 2024 | +20.4% | +20.33% |
| 2023 | +28.9% | +27.91% |
| 2022 | -18.9% | -18.30% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 16.2% over that stretch · deepest drop along the way 16.2%, back to its old high 14 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.0600 | |
| 2025 | $4.2300 | +62.1% |
| 2024 | $2.6100 | +2075.0% |
| 2023 | $0.1200 | +100.0% |
| 2022 | $0.0600 |
What's inside
As of Jul 31, 2026, the fund held 103 securities; the ten largest made up 44.41% of assets.
| Holding | Weight | |
|---|---|---|
| NVIDIA CORPORATION | 7.73% | |
| APPLE INC. | 7.21% | |
| MICROSOFT CORPORATION | 5.47% | |
| AMAZON.COM, INC. | 4.64% | |
| MICRON TECHNOLOGY, INC. | 4.08% | |
| ADVANCED MICRO DEVICES, INC. | 3.39% | |
| ALPHABET INC. | 3.28% | |
| ALPHABET INC. | 3.08% | |
| BROADCOM INC. | 2.92% | |
| META PLATFORMS, INC. | 2.61% | |
| TESLA, INC. | 2.46% | |
| WALMART INC. | 2.37% | |
| CISCO SYSTEMS, INC. | 1.99% | |
| INTEL CORPORATION | 1.98% | |
| COSTCO WHOLESALE CORPORATION | 1.87% |
By country
United States 96.01%By asset type
Stocks 96.01%By sector
Sectors of the companies held, for the 86.2% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jul 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jul 31, 2026, investors withdrew a net $574K (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -4.30%, +0.32%, +1.44%.
How it works
QCLR tracks the Nasdaq-100 Quarterly Collar 95-110 Index, which Nasdaq, Inc. sponsors. It invests at least 80% of its assets in the index's securities. The stock side is the Nasdaq-100: the 100 largest non-financial companies listed on the Nasdaq Stock Market. They are weighted by company size, with caps on the biggest. As of July 31, 2026, NVIDIA (7.7%), Apple (7.2%), Microsoft (5.5%) and Amazon (4.6%) led, and the top 10 made up 44% of assets.
Each quarter, the fund buys put options. These pay out if the Nasdaq-100 ends below a set price, the strike, about 5% under its starting level. It also sells call options with a strike about 10% above. The payment it collects (the premium) covers some of the cost of the puts, but the fund gives up gains beyond that strike. The options trade on an exchange, settle in cash and are held until they expire the next quarter. As of July 31, 2026, the fund held Nasdaq-100 puts with a strike of 28,800 and had sold calls with a strike of 33,400, both expiring September 18, 2026.
The protection resets each quarter. The prospectus says that if the index fell 15% over a quarter, the puts would be worth about 10% of the portfolio's starting value, offsetting most of that drop. A slide spread over several quarters can still add up, because each new collar starts lower.
What it really costs
- QCLR charges 0.25% a year, versus an average of 0.56% for the similar funds below (1st of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $26 in the first year and $318 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| QCLR | $26 | $80 | $141 | $318 |
Structure and tax notes
- Generates much of its income from selling options (directly or through notes). That income is usually taxed as ordinary income rather than as qualified dividends, and the strategy gives up some upside in strong markets.
In a retirement portfolio
It is a concentrated, tech-heavy Nasdaq-100 fund whose quarterly hedge did not prevent a 21.8% drop, and its tiny size adds the risk of closure.
QCLR launched in August 2021, so it has no record from the 2008 and 2020 crashes. In the 2022 bear market it fell 16.2%, and it took 14 months from the October 2022 low to recover. Its prospectus shows 2022 as its worst calendar year, a loss of 18.3%. Its deepest drop was 21.8%, from November 2021 to December 2022. The quarterly puts did not stop losses from building over several quarters. Selling shares for spending in a slump could lock in a sizable loss.
Its trailing 12-month yield was 14.92% as of October 26, 2026, paid twice a year. That figure looks backward and may not repeat, since the call premiums partly pay for the puts. Its 0.25% fee works out to about $26 on $10,000 in the first year, under the SEC's standard example. Past results don't predict the future, and a retirement plan needs to look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors wanting Nasdaq-100 giants like NVIDIA, Apple and Microsoft who will trade quarterly gains above about 10% for protection against losses beyond about 5%.
- Cost-conscious investors in hedged Nasdaq-100 strategies: its 0.25% expense ratio is lower than all eight similar funds compared, which averaged 0.56%.
- Investors who want a smaller, hedged growth position alongside broad stock and bond funds, and who accept heavy exposure to technology and chipmakers like Micron and AMD.
Look elsewhere if
- Investors seeking uncapped growth: the collar caps quarterly gains near 10%, and its one-year return ranked last of nine similar funds through October 26, 2026.
- Investors wanting steady monthly income: it pays only twice a year, and its call premiums partly fund the puts rather than payouts.
- Anyone wary of tiny funds, which can close: QCLR held about $3.3 million as of July 31, 2026, versus $8.09 billion for QYLD.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| QCLR this fund | — | 0.25% | $3.3M | -0.6% | +15.2% |
| QYLD Global X NASDAQ 100 Covered Call ETF | 96% | 0.6% | $8.09B | +18.9% | +17.4% |
| QYLG Global X Nasdaq 100 Covered Call & Growth E… | 96% | 0.35% | $158.3M | +17.3% | +23.1% |
| QRMI Global X NASDAQ 100 Risk Managed Income ETF | 96% | 0.6% | $14.3M | +5.1% | +9.2% |
| QQQI NEOS Nasdaq 100 High Income ETF | 91% | 0.68% | $13.11B | +5.8% | — |
| QHDG Innovator Hedged Nasdaq-100 ETF | 90% | 0.79% | $3.0M | +1.1% | — |
| SEPQ STF Tactical Growth & Income ETF | 88% | 0.65% | $80.1M | +14.2% | +24.1% |
| GPIQ Nasdaq-100 Core Premium Income ETF | 88% | 0.29% | $5.11B | +16.1% | +25.6% |
Questions investors ask
How does the QCLR collar strategy work?
QCLR owns the Nasdaq-100 stocks and adds an options collar that renews each quarter. It buys put options, which pay out if the index ends the quarter more than about 5% lower, cushioning deeper losses. It also sells call options about 10% above the index. The premium it collects covers some of the cost of the puts, but the fund gives up gains beyond that level. The 95-110 in the name refers to those two levels. Losses can still build over several quarters.
Does QCLR pay monthly dividends?
No. QCLR pays distributions semiannually, meaning twice a year. In the 12 months to October 26, 2026, it paid $4.23 per share, a trailing yield of 14.92%. That figure looks backward and may not repeat. The prospectus says the collar may generate some income, and that income covers part of the cost of the puts. Income tied to options is usually taxed as ordinary income rather than as qualified dividends, which matters most in taxable accounts.
QCLR vs QYLD: what's the difference?
QCLR pairs puts bought about 5% below the Nasdaq-100 with calls sold about 10% above. QYLD, as its name says, is a covered-call fund: it sells calls without buying puts. Both are Global X funds, and about 96% of their holdings overlap. QCLR charges 0.25% a year versus 0.60% for QYLD. QYLD is far larger, at $8.09 billion versus about $3.3 million as of July 31, 2026. QYLD returned 18.9% over the year to October 27, 2026. QCLR lost 0.6% over the year to October 26.
Is QCLR good for retirement?
It may suit retirees who want some Nasdaq-100 exposure with a cushion against sharp drops, held as a smaller part of a broader mix. But the cushion has limits. QCLR lost 18.3% in 2022, according to its prospectus. A 21.8% drop that began in November 2021 took until December 14, 2023 to recover. Its 0.25% fee is low. But the fund is tiny, with about $3.3 million in assets as of July 31, 2026, and very small funds can be closed.
How has QCLR performed since it launched?
QCLR returned an average of 8.72% a year from its August 2021 launch through December 31, 2025, according to its prospectus. It lost 18.3% in 2022, then gained 27.91% in 2023, 20.33% in 2024 and 11.41% in 2025. Its strongest quarter was up 11.77% (quarter ended March 31, 2023). Its weakest was down 8.34% (quarter ended June 30, 2022). Over the five years to October 26, 2026, it returned 7.6% a year. In 2026 it was up just 0.04% year to date through that date.