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Global X Active Canadian Municipal Bond ETF

HMP

Annualized Distribution Yield

As at December 2, 2024

2.93%

Reasons to Consider HMP

High-Income Potential

HMP offers investors an attractive risk/return profile with a potentially low risk of default as well as attractive yields (generally higher than federal and provincial bonds), by primarily investing in a portfolio of Canadian municipal bonds denominated in Canadian dollars.

Canadian Municipal Bonds

By focusing on Canadian municipal bonds that have a lower-risk profile compared to investment-grade corporate bonds, HMP offers exposure to a stable and reliable asset class known for its relatively low default rates and tax advantages for Canadian investors.

Independent Security Analysis

Sub-Advisor Fiera Capital uses independent credit analysis to select issuers high in quality and yield, as well as allocation flexibility to tactically manage the non-rated risk of the portfolio.

Investment Objective

HMP seeks to provide unitholders with a high level of income by investing primarily in a portfolio of Canadian municipal bonds denominated in Canadian dollars.

NAV

$9.61

$0.0007

0.01%

Volume

8,004

Price

$9.58

$0.03

0.31%

Last Close

$9.55

Annualized Distribution Yield

2.93%

Prices delayed by 15 minutes.

Last Trade: December 3, 2024
Credit Focused
Fixed Income
Canadian

Risk Rating:

Low

Product Details

Fund Details

Ticker

HMP

CUSIP

37893A109

Inception Date

August 12, 2015

Net Assets

$29,433,749 As at December 2, 2024

Consolidated Prior Day Volume

32,096

Average Daily Trading Volume Over a 12 Month Period

28,803

Exchange

Toronto Stock Exchange

Investment Manager

Global X Investments Canada Inc.

Sub-Advisor

Fiera Capital Corporation

Eligibility

All Registered and Non-Registered Investment Accounts

Management Fee

0.29% (Plus applicable sales tax)

Management Expense Ratio

0.35% As at June 30, 2024

Trading Expense Ratio

0.01% As at June 30, 2024

Currency

CAD

Currency Hedging

N/A

LEI

549300FWSOE7HLKFR449

Distribution Metrics

As at November 29, 2024

Most Recent Distributions per Unit

$0.02350

Annualized Distribution Yield

2.93%

12-Month Trailing Yield

2.76%

Distribution Frequency

Monthly

Record Date

November 29, 2024

Price and NAV

As at December 2, 2024

NAV / Unit

$9.61

Closing Price

$9.58

Premium Discount

$-0.03

Premium Discount Percentage

-0.36%

Outstanding Shares

3,061,302

Portfolio Investment Metrics

As at October 31, 2024

Weighted Average Duration

2.99

Weighted Average Coupon

3.39

Weighted Average Yield to Maturity

3.64

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 Active Canadian Municipal Bond ETF 0.48 1.50 4.56 5.34 6.94 2.17 2.09 - 1.98

*Fund performance since inception on August 12, 2015, as at November 30, 2024

Calendar Year Performance (%)

dates

2016 2017 2018 2019 2020 2021 2022 2023
Global X Active Canadian Municipal Bond ETF 1.18 0.86 2.18 3.15 5.56 -1.01 -4.20 5.34

Distributions

Ex-Dividend Date Record Date Payment Date Payment Amount Distribution Period
November 29, 2024 November 29, 2024 December 6, 2024 0.02350 Monthly
October 31, 2024 October 31, 2024 November 7, 2024 0.02350 Monthly
September 27, 2024 September 27, 2024 October 7, 2024 0.02250 Monthly
August 30, 2024 August 30, 2024 September 9, 2024 0.02250 Monthly
July 31, 2024 July 31, 2024 August 8, 2024 0.02250 Monthly
June 28, 2024 June 28, 2024 July 8, 2024 0.02200 Monthly
May 31, 2024 May 31, 2024 June 7, 2024 0.02200 Monthly
April 29, 2024 April 30, 2024 May 7, 2024 0.02200 Monthly
March 27, 2024 March 28, 2024 April 5, 2024 0.02100 Monthly
February 28, 2024 February 29, 2024 March 7, 2024 0.02100 Monthly
January 30, 2024 January 31, 2024 February 7, 2024 0.02100 Monthly

Top Sector Allocations

As at October 31, 2024

Category

Weight

Municipal

77.21%

Provincial

22.72%

Cash & Equivalents

0.07%

Holdings are subject to change.

Top Credit Ratings

As at October 31, 2024

Category

Weight

AA+

0.53%

AA

4.79%

A+

22.74%

Unrated

71.95%

Holdings are subject to change.

Top Holdings

As at October 31, 2024

Security Name

Weight

Ontario Province 2.05% 02-Jun-2030

8.81%

Ontario Province 2.70% 02-Jun-2029

7.10%

Ontario Province 4.00% 08-Mar-2029

6.62%

Montreal City 3.15% 01-Sep-2028

3.59%

Longueuil City 3.80% 03-May-2027

3.49%

Saint-Felix-De-Valois Muncplty 3.30% 22-Apr-2026

2.17%

Sainte-Therese City 4.00% 19-Aug-2027

2.08%

Brossard City 5.00% 01-Nov-2026

2.02%

Gatineau City 1.95% 03-Dec-2026

2.00%

Saint-Jacques Municipality 4.90% 18-Nov-2027

1.97%

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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