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Global X Active Hybrid Bond and Preferred Share ETF

HYBR

Annualized Distribution Yield

As at July 19, 2024

4.25%

Reasons to Consider HYBR

Exposure to Hybrid Securities

HYBR provides exposure to hybrid securities, including preferred shares, hybrid bonds, and limited recourse capital notes (LRCNs), offering investors a unique investment opportunity that combines features of both fixed income and equities.

Diversification

While each security in HYBR’s portfolio undergoes extensive independent credit analysis by the IFI team at Sub-Advisor Fiera Capital, HYBR offers investors exposure to a broad range of issuers and industries. This diversification can help mitigate individual security risks and enhance the stability of the ETF's returns.

High Level of Income

HYBR aims to provide unitholders with a high level of income by investing in a portfolio of debt and debt-like securities, including hybrids, Alternative Tier 1 Capital (AT1) such as LRCNs, and income-generating equities including preferred securities.

Investment Objective

HYBR seeks to provide Unitholders with a high level of income by investing in a portfolio of debt and other debt-like securities, including but not limited to hybrid corporate debt (“Hybrids”), Alternative Tier 1 Capital (“AT1”) (such as LRCNs), and income generating equities, including but not limited to preferred securities (fixed-rate perpetual, fixed floating rate, retractable and floating rate), of Canadian and U.S. companies. HYBR may hedge some or all of its non-Canadian dollar currency exposure at the discretion of its Sub-Advisor.

NAV

$9.18

$-0.0295

-0.32%

Volume

13

Price

$9.13

$-0.07

-0.76%

Last Close

$9.20

Annualized Distribution Yield

4.25%

Prices delayed by 15 minutes.

Last Trade: July 19, 2024
Fixed Income
Preferred Shares
Canadian

Risk Rating:

Medium

Product Details

Fund Details

Ticker

HYBR

CUSIP

37892X100

Inception Date

October 1, 2013

Net Assets

$59,230,795 As at July 19, 2024

Consolidated Prior Day Volume

135

Average Daily Trading Volume Over a 12 Month Period

19,529

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

0.64% As at December 31, 2023

Trading Expense Ratio

0.03% As at December 31, 2023

Currency

CAD

LEI

549300WPIMP1OM8C2K79

Distribution Metrics

As at June 28, 2024

Most Recent Distributions per Unit

$0.03250

Annualized Distribution Yield

4.25%

12-Month Trailing Yield

4.86%

Distribution Frequency

Monthly

Record Date

June 28, 2024

Price and NAV

As at July 19, 2024

NAV / Unit

$9.18

Closing Price

$9.12

Premium Discount

$-0.06

Premium Discount Percentage

-0.65%

Outstanding Shares

6,452,358

Portfolio Investment Metrics

As at May 31, 2024

Weighted Average Duration

2.57

Weighted Average Yield to Maturity

5.48

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 Hybrid Bond and Preferred Share ETF 0.35 4.80 17.84 17.84 26.06 3.41 8.04 3.43 3.61

*Fund performance since inception on October 1, 2013, as at June 30, 2024

Calendar Year Performance (%)

dates

2016 2017 2018 2019 2020 2021 2022 2023
Global X Active Hybrid Bond and Preferred Share ETF 8.38 16.79 -10.75 0.94 5.87 27.12 -17.95 8.18

Distributions

Ex-Dividend Date Record Date Payment Date Payment Amount Distribution Period
June 28, 2024 June 28, 2024 July 8, 2024 0.03250 Monthly
May 31, 2024 May 31, 2024 June 7, 2024 0.03250 Monthly
April 29, 2024 April 30, 2024 May 7, 2024 0.03250 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 May 31, 2024

Category

Weight

Financial Services

39.42%

Energy

22.32%

Fixed Income

17.81%

Utilities

9.65%

Telecommunications

7.39%

Industrial Goods

1.25%

Real Estate

1.18%

Cash and Cash Equivalent

0.97%

Technology

0.02%

Consumer Services

%

Holdings are subject to change.

Preferred Share Rating

As at May 31, 2024

Category

Weight

Cash

3.33%

P2

38.48%

P3

41.21%

P4 or lower & N.R.

1.69%

Other

15.28%

Holdings are subject to change.

Preferred Share Category

As at May 31, 2024

Category

Weight

Hybrid

13.83%

Fixed-Floating

84.97%

Floating Rate

1.29%

Perpetual

1.92%

Holdings are subject to change.

Top Holdings

As at May 31, 2024

Security Name

Weight

Royal Bank of Canada - Pfd Sr BD

2.95%

Toronto-Dominion Bank - Pfd Cl A Sr 1

2.55%

Canadian Imperial Bank Commerce - Pfd Cl A Sr 43

2.34%

Bank of Montreal - Pfd Cl B Sr 29

2.17%

Royal Bank of Canada - Pfd Sr BF

2.14%

Toronto-Dominion Bank - Pfd Sr 7

2.12%

Pembina Pipeline Corp - Pfd Cl A Sr 19

2.06%

Royal Bank of Canada 4.20% PERP

2.01%

Enbridge Inc - Pfd Sr 11

1.95%

Enbridge Inc - Pfd Cl A Sr 3

1.87%

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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