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Global X Active Preferred Share ETF

HPR

Annualized Distribution Yield

As at May 28, 2024

4.37%

Reasons to Consider HPR

Flexible Preferred Share Strategy

HPR seeks to provide dividend income while preserving capital by actively investing primarily in preferred shares of Canadian companies.

Diversified Portfolio

With the flexibility to invest in preferred shares of Canadian and US companies, fixed-income securities of Canadian and US issuers, as well as Canadian equity securities and ETFs that issue index participation units, HPR offers a diversified portfolio designed to enhance risk-adjusted returns and reduce overall portfolio volatility.

Active Advantage

While each security in HPR's portfolio undergoes extensive independent analysis by the team at Sub-Advisor Fiera Capital, HPR itself is not constrained by an index methodology, as Fiera Capital can choose which preferred shares to buy or sell, and when to buy or sell them.

Investment Objective

HPR seeks to provide dividend income while preserving capital by investing primarily in preferred shares (including securities convertible into preferred shares) of Canadian companies. HPR may also invest in preferred shares of companies located in the United States, debt securities (including LRCNs) of Canadian and U.S. issuers, other income generating securities, as well as Canadian equity securities and Listed Funds.

NAV

$8.78

$-0.0080

-0.09%

Volume

31,676

Price

$8.76

$0.00

0.00%

Last Close

$8.76

Annualized Distribution Yield

4.37%

Prices delayed by 15 minutes.

Last Trade: May 29, 2024
Fixed Income
Preferred Shares
Canadian

Risk Rating:

Medium

Product Details

Fund Details

Ticker

HPR

CUSIP

37892R103

Inception Date

November 22, 2010

Net Assets

$1,076,078,371 As at May 28, 2024

Consolidated Prior Day Volume

503,023

Average Daily Trading Volume Over a 12 Month Period

444,303

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

0.55% (Plus applicable sales tax)

Management Expense Ratio

0.62% As at December 31, 2023

Trading Expense Ratio

0.03% As at December 31, 2023

Currency

CAD

Currency Hedging

N/A

LEI

549300UYRSEMRLH9FA96

Distribution Metrics

As at April 30, 2024

Most Recent Distributions per Unit

$0.03200

Annualized Distribution Yield

4.37%

12-Month Trailing Yield

4.82%

Distribution Frequency

Monthly

Record Date

April 30, 2024

Price and NAV

As at May 28, 2024

NAV / Unit

$8.78

Closing Price

$8.76

Premium Discount

$-0.02

Premium Discount Percentage

-0.26%

Outstanding Shares

122,520,729

Portfolio Investment Metrics

As at April 30, 2024

Weighted Average Duration

4.05

Weighted Average Yield to Maturity

5.43

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 Preferred Share ETF 2.01 6.97 25.89 14.49 20.15 2.75 6.07 3.17 3.56
S&P/TSX Preferred Share Index (Total Return) 1.22 4.86 22.46 10.96 14.60 1.13 4.49 2.07 2.49

*Fund performance since inception on November 22, 2010, as at April 30, 2024

Calendar Year Performance (%)

dates

2016 2017 2018 2019 2020 2021 2022 2023
Global X Active Preferred Share ETF 8.83 15.52 -9.98 2.35 6.19 24.57 -18.96 7.50
S&P/TSX Preferred Share Index (Total Return) 6.98 13.62 -7.93 3.48 6.16 19.35 -18.08 5.91

Distributions

Ex-Dividend Date Record Date Payment Date Payment Amount Distribution Period
April 29, 2024 April 30, 2024 May 7, 2024 0.03200 Monthly
March 27, 2024 March 28, 2024 April 5, 2024 0.03400 Monthly
February 28, 2024 February 29, 2024 March 7, 2024 0.03400 Monthly
January 30, 2024 January 31, 2024 February 7, 2024 0.03400 Monthly

Top Sector Allocations

As at April 30, 2024

Category

Weight

Financials

49.02%

Energy

24.21%

Utilities

14.07%

Communication

7.37%

Cash & Equivalents

3.67%

Real Estate

0.68%

Consumer Service

0.01%

Holdings are subject to change.

Preferred Share Rating

As at April 30, 2024

Category

Weight

Cash

3.67%

P2

49.13%

P3

40.11%

P4 or lower & N.R.

1.05%

Other

6.04%

Holdings are subject to change.

Preferred Share Category

As at April 30, 2024

Category

Weight

Hybrid

6.79%

Fixed-Floating

77.79%

Floating Rate

1.62%

Perpetual

14.89%

Holdings are subject to change.

Top Holdings

As at April 30, 2024

Security Name

Weight

Bank of Montreal - Pfd Cl B Sr 29

2.95%

Enbridge Inc - Pfd Cl A Sr 3

2.39%

Canadian Imperial Bank Commerce - Pfd Cl A Sr 43

2.28%

Royal Bank of Canada - Pfd Sr BD

2.28%

Toronto-Dominion Bank - Pfd Sr 7

1.93%

Pembina Pipeline Corp - Pfd Cl A Sr 9

1.88%

Toronto-Dominion Bank - Pfd Cl A Sr 5

1.85%

Toronto-Dominion Bank - Pfd Cl B Sr 3

1.79%

Toronto-Dominion Bank - Pfd Cl A Sr 1

1.73%

Royal Bank of Canada - Pfd Sr BF

1.70%

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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