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Global X Short-Term Government Bond Premium Yield ETF 

PAYS

Reasons to Consider PAYS

Targeted Duration

Rules-based selection and rebalancing of government debt securities, primarily issued by the Government of Canada, generally targeting a duration of less than 3 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

PAYS seeks to provide: (a) exposure to the performance of government debt securities, primarily issued by the Government of Canada, generally targeting a duration less than 3 years; and (b) high monthly distributions of interest income and option premiums. To generate premiums and reduce volatility, PAYS will employ a dynamic option program. PAYS seeks to hedge any foreign currency exposure back to the Canadian dollar.

NAV

$20.07

$-0.0061

-0.03%

Volume

10

Price

$20.08

$-0.01

-0.05%

Last Close

$20.09

Prices delayed by 15 minutes.

Last Trade: July 19, 2024
Fixed Income
Treasury
Canadian
Enhanced Income

Risk Rating:

Low

Product Details

Fund Details

Ticker

PAYS

CUSIP

379937105

Inception Date

May 21, 2024

Net Assets

$6,521,471 As at July 19, 2024

Consolidated Prior Day Volume

510

Average Daily Trading Volume Over a 12 Month Period

6,972

Exchange

Toronto Stock Exchange

Investment Manager

Global X Investments Canada Inc.

Eligibility

All Registered and Non-Registered Investment Accounts

Management Fee

0.40% (Plus applicable sales tax)

Management Expense Ratio

N/A (New ETF)

Trading Expense Ratio

N/A (New ETF)

Currency

CAD

Currency Hedging

Seeks to hedge any foreign currency exposure back to the Canadian dollar

LEI

894500SZGPF5GH8Z9148

Distribution Metrics

As at June 28, 2024

Most Recent Distributions per Unit

$0.11500

Distribution Frequency

Monthly

Record Date

June 28, 2024

Price and NAV

As at July 19, 2024

NAV / Unit

$20.07

Closing Price

$20.07

Premium Discount Percentage

0.02%

Outstanding Shares

325,001

Portfolio Investment Metrics

As at June 28, 2024

Percent Written by Month End

13.93

Average OTM % When Written

1.01

Percentage of Options OTM by Month End

45.45

Standard Deviation

2.71

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
June 28, 2024 June 28, 2024 July 8, 2024 0.11500 Monthly

Top Holdings

As at July 19, 2024

Security Name

Weight

GLOBAL X 0-3 MONTH T-BILL ETF

89.19%

iShares 20 Plus Year Treasury Bond ETF (TLT)

10.10%

CASH

0.62%

US DOLLAR

0.18%

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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