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Global X Active UltraShort Term Investment Grade Bond ETF Class E
Cdn Short Term Fixed Inc
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FundGrade A
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FundGrade A+® Rating Recipient
2025, 2024, 2023, 2022
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|
NAVPS (08-21-2026) |
$10.06 |
|---|---|
| Change |
$0.00
(0.00%)
|
As at July 31, 2026
As at July 31, 2026
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Legend
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Fund Returns
Inception Return (December 10, 2010): 2.90%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | 0.05% | 0.78% | 1.11% | 1.53% | 3.15% | 4.20% | 5.35% | 5.41% | 3.91% | 3.71% | 3.53% | 3.49% | 3.30% | 3.25% |
| Benchmark | -0.36% | 0.70% | 0.59% | 1.05% | 2.74% | 3.69% | 4.87% | 3.62% | 2.08% | 1.83% | 2.25% | 2.48% | 2.28% | 2.02% |
| Category Average | -0.30% | 0.56% | 0.44% | 0.83% | 2.20% | 3.12% | 4.28% | 3.27% | 1.73% | 1.61% | 1.88% | 2.03% | 1.82% | 1.63% |
| Category Rank | 75 / 304 | 87 / 299 | 36 / 290 | 17 / 290 | 38 / 273 | 31 / 246 | 42 / 215 | 2 / 200 | 4 / 189 | 2 / 180 | 2 / 172 | 4 / 165 | 3 / 156 | 2 / 143 |
| Quartile Ranking | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Monthly Return
| Return % | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.29% | 0.53% | 0.33% | 0.21% | 0.23% | 0.42% | 0.16% | -0.18% | 0.35% | 0.48% | 0.25% | 0.05% |
| Benchmark | 0.59% | 0.75% | 0.38% | 0.22% | -0.27% | 0.45% | 0.74% | -0.88% | 0.04% | 0.74% | 0.32% | -0.36% |
Best Monthly Return Since Inception
2.13% (April 2020)
Worst Monthly Return Since Inception
-4.23% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 2.83% | 2.35% | 0.93% | 4.29% | 3.40% | 0.83% | -0.55% | 7.41% | 7.07% | 4.09% |
| Benchmark | 0.90% | 0.27% | 1.89% | 2.98% | 5.17% | -0.92% | -3.98% | 4.92% | 5.71% | 3.77% |
| Category Average | 0.85% | 0.42% | 0.53% | 2.93% | 4.36% | -0.83% | -4.45% | 4.84% | 5.17% | 3.22% |
| Quartile Ranking | 1 | 1 | 3 | 1 | 4 | 1 | 1 | 1 | 1 | 1 |
| Category Rank | 11/ 139 | 4/ 143 | 101/ 159 | 14/ 166 | 152/ 176 | 4/ 182 | 23/ 191 | 1/ 203 | 17/ 221 | 55/ 258 |
Best Calendar Return (Last 10 years)
7.41% (2023)
Worst Calendar Return (Last 10 years)
-0.55% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 66.83 |
| Derivatives | 27.49 |
| Canadian Bonds - Other | 6.81 |
| Foreign Corporate Bonds | 3.82 |
| Canadian Government Bonds | 1.65 |
| Other | -6.60 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 79.37 |
| Cash and Cash Equivalent | -6.85 |
| Other | 27.48 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 100.00 |
Top Holdings
| Name | Percent |
|---|---|
| IRS R CORRA-OIS P 2.452 | 3.26 |
| IRS R CORRA-OIS P 2.7625 | 3.26 |
| IRS R CDOR03M P 1.519 | 2.80 |
| IRS R CDOR03M P 1.4725 | 2.48 |
| IRS R CDOR03M P 3.235 | 2.33 |
| IRS R CDOR03M P 1.875 | 2.17 |
| IRS R CORRA-OIS P 3.0625 | 2.17 |
| Transcanada Pipelines Ltd 3.80% 05-Feb-2027 | 1.86 |
| Bank of Montreal 4.98% 03-Jul-2029 | 1.79 |
| Toronto-Dominion Bank 4.68% 08-Jan-2029 | 1.57 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Global X Active UltraShort Term Investment Grade Bond ETF Class E
Median
Other - Cdn Short Term Fixed Inc
3 Yr Annualized
| Standard Deviation | 0.99% | 1.42% | 1.97% |
|---|---|---|---|
| Beta | 0.38 | 0.40 | 0.41 |
| Alpha | 0.03 | 0.03 | 0.02 |
| Rsquared | 0.55% | 0.47% | 0.17% |
| Sharpe | 1.81 | 0.62 | 0.65 |
| Sortino | 7.46 | 0.94 | 0.14 |
| Treynor | 0.05 | 0.02 | 0.03 |
| Tax Efficiency | 67.77% | 59.19% | 61.40% |
| Volatility |
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|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 0.67% | 0.99% | 1.42% | 1.97% |
| Beta | 0.30 | 0.38 | 0.40 | 0.41 |
| Alpha | 0.02 | 0.03 | 0.03 | 0.02 |
| Rsquared | 0.65% | 0.55% | 0.47% | 0.17% |
| Sharpe | 1.22 | 1.81 | 0.62 | 0.65 |
| Sortino | 0.22 | 7.46 | 0.94 | 0.14 |
| Treynor | 0.03 | 0.05 | 0.02 | 0.03 |
| Tax Efficiency | 54.76% | 67.77% | 59.19% | 61.40% |
Fund Details
| Start Date | December 10, 2010 |
|---|---|
| Instrument Type | Exchange Traded Fund |
| Share Class | Do-It-Yourself |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $643 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| N/A | ||
Investment Objectives
The investment objective of the ETF is to generate income that is consistent with prevailing Canadian short-term corporate bond yields while reducing the potential effects of Canadian interest rate fluctuations on the ETF. The ETF invests primarily in a portfolio of Canadian debt (including debt-like securities) directly and hedges the portfolio’s interest rate risk by maintaining a portfolio duration that is not more than one year.
Investment Strategy
The Sub-Advisor may, from time to time, invest in Canadian and foreign government debt, municipal bonds, Listed Funds, cash and cash equivalents which generally in the aggregate will not exceed 40% of the ETF’s net assets. No less than 95%, by value, of the debt (including debt-like securities) held by HFR must be rated at or above investment grade (BBB- by S&P, BBB low by DBRS or Baa3 by Moody’s).
Portfolio Management
| Portfolio Manager |
Global X Investments Canada Inc. |
|---|---|
| Sub-Advisor |
Fiera Capital Corporation |
Management and Organization
| Fund Manager |
Global X Investments Canada Inc. |
|---|---|
| Custodian |
CIBC Mellon Trust Company |
| Registrar |
TSX Trust Company |
| Distributor |
- |
Investment Minimums
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 100 |
| PAC Subsequent | 100 |
| SWP Allowed | Yes |
| SWP Min Balance | 10,000 |
| SWP Min Withdrawal | 100 |
Fees
| MER | 0.49% |
|---|---|
| Management Fee | 0.40% |
| Load | No Load |
| FE Max | - |
| DSC Max | - |
| Trailer Fee Max (FE) | - |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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