Skip To Main Content
Global X Long-Term U.S. Treasury Premium Yield ETF

LPAY.U

Reasons to Consider LPAY.U

Targeted Duration

Rules-based selection and rebalancing of U.S. Treasuries, generally targeting a duration over 10 years.

Active Options Program

Seeks to reduce downside risk and improve income earning potential by adjusting put and call coverage based on market conditions.

High Monthly Distributions

Designed to provide a consistent monthly interest income and option premiums.

Investment Objective

LPAY.U seeks to provide: (a) exposure to the performance of a portfolio of U.S. Treasury securities, generally targeting a duration over 10 years; and (b) high monthly distributions of interest income and option premiums. To generate premiums and reduce volatility, LPAY.U will employ a dynamic option program.

NAV

$20.00

$-0.0961

-0.48%

Volume

3,500

Price

$19.93

$0.21

1.06%

Last Close

$19.72

Prices delayed by 15 minutes.

Last Trade: May 17, 2024
Fixed Income
Treasury
U.S.
Enhanced Income

Risk Rating:

Low to Medium

Product Details

Fund Details

Ticker

LPAY.U

CUSIP

37963H109

Inception Date

October 4, 2023

Net Assets

$33,011,516

Consolidated Prior Day Volume

11,234

Average Daily Trading Volume Over a 12 Month Period

19,951

Exchange

Toronto Stock Exchange

Investment Manager

Global X Investments Canada Inc.

Eligibility

All Registered and Non-Registered Investment Accounts

Management Fee

0.45% (Plus applicable sales tax)

Management Expense Ratio

0.63% As at December 31, 2023

Trading Expense Ratio

0.41% As at December 31, 2023

Currency

USD

Currency Hedging

No

LEI

894500DN6DAUDD3TSC43

Distribution Metrics

As at April 30, 2024

Most Recent Distributions per Unit

$0.17500

Distribution Frequency

Monthly

Record Date

April 30, 2024

Price and NAV

As at May 17, 2024

NAV / Unit

$20.00

Closing Price

$19.77

Premium Discount

$-0.23

Premium Discount Percentage

-1.17%

Outstanding Shares

1,650,513

Portfolio Investment Metrics

As at March 29, 2024

Percent Written by Month End

30.59

Average OTM % When Written

0.88

Percentage of Options OTM by Month End

65.03

Standard Deviation

13.84

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.

Annualized Performance (%)

Investment fund regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary.

Calendar Year Performance (%)

Investment fund regulations restrict the presentation of performance figures until a fund reaches its one-year anniversary.

Distributions

Ex-Dividend Date Record Date Payment Date Payment Amount Distribution Period
April 29, 2024 April 30, 2024 May 7, 2024 0.17500 Monthly
March 27, 2024 March 28, 2024 April 5, 2024 0.17500 Monthly
February 28, 2024 February 29, 2024 March 7, 2024 0.17500 Monthly
January 30, 2024 January 31, 2024 February 7, 2024 0.17500 Monthly

Top Holdings

As at May 17, 2024

Security Name

Weight

iShares 20 Plus Year Treasury Bond ETF (TLT)

50.07%

Vanguard Long-Term Treasury Index ETF (VGLT)

30.00%

GLOBAL X 0-3 MONTH U.S. T-BILL ETF

19.78%

CASH

0.41%

CANADIAN DOLLAR

0.02%

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.

© 2024 Global X Investments Canada Inc. All Rights Reserved.