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Global X Laddered Canadian Preferred Share Index Corporate Class ETF

HLPR

Reasons to Consider HLPR

Preferred Share Exposure

HLPR provides exposure to Toronto Stock Exchange-listed preferred shares that generally have an adjustable dividend rate and are laddered using equal weights in annual reset term buckets.

Best of Both Worlds

Generally issued by large, well-established companies, preferred shares are securities that include characteristics of both bonds and equities. Like bonds, preferred shares pay a fixed or adjustable dividend over a set term – but also have the potential for price appreciation (or decline) like a stock.

Tax Efficiency

Part of the Global X Total Return Index family of ETFs, HLPR's usage of a total return swap contract to replicate index performance typically increases tax efficiency. Further, HLPR is not expected to make taxable distributions, making it potentially advantageous for taxable accounts.

Investment Objective

HLPR seeks to replicate, to the extent possible, the performance of the Solactive Laddered Canadian Preferred Share Index (Total Return), net of expenses. The Solactive Laddered Canadian Preferred Share Index (Total Return) is an index of Canadian preferred shares that generally have an adjustable dividend rate.

NAV

$24.69

$-0.4577

-1.82%

Volume

2,400

Price

$24.77

$0.01

0.04%

Last Close

$24.76

Prices delayed by 15 minutes.

Last Trade: June 18, 2024
Fixed Income
Preferred Shares
Canadian
Corporate Class

Risk Rating:

Medium

Product Details

Fund Details

Ticker

HLPR

CUSIP

37965E104

Inception Date

February 26, 2019

Net Assets

$98,862,381 As at June 17, 2024

Consolidated Prior Day Volume

72,597

Average Daily Trading Volume Over a 12 Month Period

17,808

Exchange

Toronto Stock Exchange

Investment Manager

Global X Investments Canada Inc.

Eligibility

All Registered and Non-Registered Investment Accounts

Bloomberg Index Ticker

SOLADPRF

Management Fee

0.30% (Plus applicable sales tax)

Management Expense Ratio

0.33% As at December 31, 2023

Trading Expense Ratio

0.00% As at December 31, 2023

Counterparty Exposure

37.95% As at May 31, 2024

Currency

CAD

Currency Hedging

N/A

LEI

549300RR8OVYRXQ80C06

Price and NAV

As at June 17, 2024

NAV / Unit

$24.69

Closing Price

$24.76

Premium Discount

$0.07

Premium Discount Percentage

0.28%

Outstanding Shares

4,004,062

The NAV chart above only shows the historical daily net asset value per unit (NAV) of the ETF, and identifies the various distributions made by the ETF, if any. The distributions are not treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses. The chart is not a performance chart and is not indicative of future NAV values which will vary.

The Growth of 10K chart above is based on the historical daily net asset value per unit (NAV) of the ETF, and represents the value of an initial investment into the ETF of $10,000 since its inception, on a total return basis. Distributions, if any, are treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses where paid by the fund. The chart is not a performance chart and is not indicative of future value which will vary.

Annualized Performance (%)

dates

1 mo 3 mo 6 mo YTD 1 yr 3 yr 5 yr 10 yr SIR*
Global X Laddered Canadian Preferred Share Index Corporate Class ETF 2.55 9.07 18.14 17.27 25.42 1.16 6.36 - 5.31
Solactive Laddered Canadian Preferred Share Index 2.57 9.16 18.33 17.43 25.85 1.49 6.72 - 5.67

*Fund performance since inception on February 26, 2019, as at May 31, 2024

Calendar Year Performance (%)

dates

2016 2017 2018 2019 2020 2021 2022 2023
Global X Laddered Canadian Preferred Share Index Corporate Class ETF - - - - 6.30 23.43 -18.02 2.79
Solactive Laddered Canadian Preferred Share Index - - - - 6.64 23.85 -17.75 3.13

Top Holdings

As at May 31, 2024

Security Name

Weight

BCE Inc - Pfd Sr AK

2.34%

National Bank of Canada - Pfd Sr 38

1.83%

Toronto-Dominion Bank - Pfd Sr 16

1.60%

Intact Financial Corp - Pfd Cl A Sr 3

1.53%

Enbridge Inc - Pfd Sr B

1.53%

Royal Bank of Canada - Pfd Sr BD

1.50%

Cenovus Energy Inc - Pfd Sr 1

1.30%

Brookfield Corp - Pfd

1.25%

Brookfield Corp - Pfd

1.24%

Canadian Utilities Ltd - Pfd Sr Y

1.23%

Holdings are subject to change.

Commissions, management fees, and expenses all may be associated with an investment in products (the "Global X Funds") managed by Global X Investments Canada Inc. The Global X Funds are not guaranteed, their values change frequently and past performance may not be repeated. Certain Global X Funds may have exposure to leveraged investment techniques that magnify gains and losses which may result in greater volatility in value and could be subject to aggressive investment risk and price volatility risk. Such risks are described in the prospectus. The Global X Money Market Funds are not covered by the Canada Deposit Insurance Corporation, the Federal Deposit Insurance Corporation, or any other government deposit insurer. There can be no assurances that the money market fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the Funds will be returned to you. Past performance may not be repeated. The prospectus contains important detailed information about the Global X Funds. Please read the relevant prospectus before investing.

Global X Investments Canada Inc. ("Global X") is a wholly owned subsidiary of Mirae Asset Global Investments Co., Ltd. ("Mirae Asset"), the Korea-based asset management entity of Mirae Asset Financial Group. Global X is a corporation existing under the laws of Canada and is the manager, investment manager and trustee of the Global X Funds.

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