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

SPAY.U

Annualized Distribution Yield

As at November 7, 2024

7.72%

Reasons to Consider SPAY.U

Targeted Duration

Rules-based selection and rebalancing of U.S. Treasuries, 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

SPAY.U seeks to provide: (a) exposure to the performance of a portfolio of U.S. Treasury securities, 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, SPAY.U will employ a dynamic option program.

NAV

$19.44

$0.0342

0.18%

Volume

3

Price

$19.43

$-0.01

-0.05%

Last Close

$19.44

Annualized Distribution Yield

7.72%

Prices delayed by 15 minutes.

Last Trade: November 8, 2024
Fixed Income
Treasury
U.S.
Enhanced Income

Risk Rating:

Low

Product Details

Fund Details

Ticker

SPAY.U

CUSIP

379943103

Inception Date

October 4, 2023

Net Assets

$57,340,377 As at November 7, 2024

Consolidated Prior Day Volume

11,253

Average Daily Trading Volume Over a 12 Month Period

29,325

Exchange

Toronto Stock Exchange

Investment Manager

Global X Investments Canada Inc.

Eligibility

All Registered and Non-Registered Investment Accounts

Management Fee

0.35% (Plus applicable sales tax)

Management Expense Ratio

0.46% As at June 30, 2024

Trading Expense Ratio

0.13% As at June 30, 2024

Currency

USD

Currency Hedging

No

LEI

894500DNHGEDNBRL3G09

Distribution Metrics

As at October 31, 2024

Most Recent Distributions per Unit

$0.12500

Annualized Distribution Yield

7.72%

12-Month Trailing Yield

7.72%

Distribution Frequency

Monthly

Record Date

October 31, 2024

Price and NAV

As at November 7, 2024

NAV / Unit

$19.44

Closing Price

$19.43

Premium Discount

$-0.01

Premium Discount Percentage

-0.03%

Outstanding Shares

2,950,188

Portfolio Investment Metrics

As at September 30, 2024

Weighted Average Duration

1.74

Weighted Average Yield to Maturity

4.63

Percent Written by Month End

12.56

Average OTM % When Written

1.21

Percentage of Options OTM by Month End

51.85

Standard Deviation

2.58

Weighted Average Term to Maturity

2.68

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 Short-Term U.S. Treasury Premium Yield ETF -0.50 0.56 2.63 2.92 5.33 - - - 5.06

*Fund performance since inception on October 4, 2023, as at October 31, 2024

Calendar Year Performance (%)

dates

2016 2017 2018 2019 2020 2021 2022 2023
Global X Short-Term U.S. Treasury Premium Yield ETF - - - - - - - -

Distributions

Ex-Dividend Date Record Date Payment Date Payment Amount Distribution Period
October 31, 2024 October 31, 2024 November 7, 2024 0.12500 Monthly
September 27, 2024 September 27, 2024 October 7, 2024 0.12500 Monthly
August 30, 2024 August 30, 2024 September 9, 2024 0.12500 Monthly
July 31, 2024 July 31, 2024 August 8, 2024 0.12500 Monthly
June 28, 2024 June 28, 2024 July 8, 2024 0.12500 Monthly
May 31, 2024 May 31, 2024 June 7, 2024 0.12500 Monthly
April 29, 2024 April 30, 2024 May 7, 2024 0.12500 Monthly
March 27, 2024 March 28, 2024 April 5, 2024 0.12500 Monthly
February 28, 2024 February 29, 2024 March 7, 2024 0.12500 Monthly
January 30, 2024 January 31, 2024 February 7, 2024 0.12500 Monthly

Distributions for the Global X Short-Term U.S. Treasury Premium Yield ETF are declared and paid in U.S. dollars, including those listed under the Canadian dollar-traded ticker SPAY. For securityholders who hold the Canadian dollar-traded SPAY, the securityholder’s account holder will typically convert distribution payments to Canadian dollars

Top Holdings

As at November 7, 2024

Security Name

Weight

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

89.69%

iShares 20 Plus Year Treasury Bond ETF (TLT)

10.10%

CASH

0.29%

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.