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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 (07-08-2026) |
$10.06 |
|---|---|
| Change |
$0.00
(-0.03%)
|
As at May 31, 2026
As at May 31, 2026
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Legend
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Fund Returns
Inception Return (December 10, 2010): 2.91%
| 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 | 0.48% | 0.65% | 1.46% | 1.23% | 3.72% | 4.78% | 5.64% | 5.43% | 3.87% | 4.08% | 3.59% | 3.50% | 3.29% | 3.25% |
| Benchmark | 0.74% | -0.10% | 0.81% | 1.09% | 2.98% | 4.83% | 4.74% | 3.70% | 2.12% | 2.00% | 2.27% | 2.49% | 2.13% | 2.08% |
| Category Average | 0.61% | -0.08% | 0.69% | 0.88% | 2.52% | 4.16% | 4.27% | 3.31% | 1.75% | 1.86% | 1.93% | 2.04% | 1.74% | 1.69% |
| Category Rank | 209 / 302 | 15 / 297 | 8 / 292 | 39 / 293 | 19 / 271 | 97 / 243 | 25 / 214 | 2 / 203 | 4 / 191 | 2 / 180 | 2 / 173 | 4 / 167 | 2 / 158 | 1 / 144 |
| Quartile Ranking | 3 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.38% | 0.47% | 0.29% | 0.53% | 0.33% | 0.21% | 0.23% | 0.42% | 0.16% | -0.18% | 0.35% | 0.48% |
| Benchmark | 0.27% | -0.08% | 0.59% | 0.75% | 0.38% | 0.22% | -0.27% | 0.45% | 0.74% | -0.88% | 0.04% | 0.74% |
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/ 142 | 4/ 146 | 104/ 162 | 14/ 169 | 152/ 179 | 4/ 185 | 26/ 194 | 1/ 206 | 17/ 224 | 55/ 261 |
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 | 67.21 |
| Derivatives | 27.28 |
| Canadian Bonds - Other | 7.43 |
| Foreign Corporate Bonds | 2.49 |
| Canadian Government Bonds | 2.18 |
| Other | -6.59 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 79.58 |
| Cash and Cash Equivalent | -6.85 |
| Other | 27.27 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 100.01 |
| Other | -0.01 |
Top Holdings
| Name | Percent |
|---|---|
| IRS R CORRA-OIS P 2.452 | 3.51 |
| IRS R CORRA-OIS P 2.7625 | 3.51 |
| IRS R CDOR03M P 1.519 | 3.01 |
| IRS R CDOR03M P 1.4725 | 2.68 |
| IRS R CDOR03M P 3.235 | 2.51 |
| IRS R CDOR03M P 1.875 | 2.34 |
| Transcanada Pipelines Ltd 3.80% 05-Feb-2027 | 2.00 |
| Bank of Montreal 4.98% 03-Jul-2029 | 1.98 |
| CANADIAN TREASURY BILL | 1.87 |
| Toronto-Dominion Bank 4.68% 08-Jan-2029 | 1.73 |
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 | 0.96% | 1.43% | 1.97% |
|---|---|---|---|
| Beta | 0.33 | 0.40 | 0.41 |
| Alpha | 0.04 | 0.03 | 0.02 |
| Rsquared | 0.46% | 0.46% | 0.17% |
| Sharpe | 2.01 | 0.64 | 0.67 |
| Sortino | 9.11 | 0.89 | 0.14 |
| Treynor | 0.06 | 0.02 | 0.03 |
| Tax Efficiency | 68.40% | 59.52% | 61.74% |
| Volatility |
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|
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Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 0.66% | 0.96% | 1.43% | 1.97% |
| Beta | 0.26 | 0.33 | 0.40 | 0.41 |
| Alpha | 0.03 | 0.04 | 0.03 | 0.02 |
| Rsquared | 0.45% | 0.46% | 0.46% | 0.17% |
| Sharpe | 1.98 | 2.01 | 0.64 | 0.67 |
| Sortino | 1.50 | 9.11 | 0.89 | 0.14 |
| Treynor | 0.05 | 0.06 | 0.02 | 0.03 |
| Tax Efficiency | 60.75% | 68.40% | 59.52% | 61.74% |
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) | - |
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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