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Global X Mid-Term Government Bond Premium Yield ETF

PAYM

Reasons to Consider PAYM

Targeted Mid Duration

Rules-based selection and rebalancing of government debt securities, primarily issued by the Government of Canada, generally targeting a duration between five and ten years.

High Monthly Distributions

Designed to provide consistent monthly cash flow of interest income and option premiums.

Active Options Program

Seeks to mitigate downside risk and enhance income potential by dynamically adjusting put and call coverage in response to market conditions.

Investment Objective

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

NAV

$20.11

$0.1121

0.56%

Price

$20.00

$0.00

0.00%

Prices delayed by 15 minutes.

Last Trade: November 8, 2024
Fixed Income
Treasury
Canadian
Enhanced Income

Risk Rating:

Low

Product Details

Fund Details

Ticker

PAYM

CUSIP

379926108

Inception Date

November 7, 2024

Net Assets

$0

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

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

894500GWI5PUT6JUDN70

Price and NAV

As at November 7, 2024

NAV / Unit

$20.11

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.

Top Holdings

As at November 7, 2024

Security Name

Weight

GLOBAL X 0-3 MONTH T-BILL ETF

59.40%

BMO Long Federal Bond Index ETF (ZFL)

20.19%

iShares 20 Plus Year Treasury Bond ETF (TLT)

19.51%

CASH

0.89%

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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