Key stats
About GLOBAL X LONG-TERM GOVERNMENT BOND UNITS CLASS A
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Inception date
Nov 7, 2024
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
Global X Investments Canada, Inc.
The fund actively invests in government debt securities primarily issued by the Government of Canada, with minor exposure from the US Treasury. It may directly invest in government debt securities or in index funds and money market funds that primarily hold these securities. The fund aims to maintain a target duration of over ten years by employing a rules-based security selection methodology and weighting. It actively employs, at its discretion, an option strategy by writing a combination of covered call and cash-covered put options on up to approximately 50% of the value of the fund's portfolio. The manager may also choose to reconstitute and rebalance the fund's holdings from time to time. Note that the fund seeks to hedge any foreign currency exposure back to the Canadian dollar.
Classification
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
PAYL trades at 18.63 CAD today, its price has fallen −0.27% in the past 24 hours. Track more dynamics on PAYL price chart.
PAYL net asset value is 18.63 today — it's fallen 1.44% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
PAYL assets under management is 1.88 M CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
PAYL price has fallen by −0.95% over the last month, and its yearly performance shows a −6.85% decrease. See more dynamics on PAYL price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −1.44% over the last month, showed a −3.44% decrease in three-month performance and has decreased by −1.39% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −1.44% over the last month, showed a −3.44% decrease in three-month performance and has decreased by −1.39% in a year.
PAYL fund flows account for 32.11 K CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
No, PAYL isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, PAYL pays dividends to its holders with the dividend yield of 9.09%.
PAYL trades at a premium (0.02%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
PAYL shares are issued by Mirae Asset Global Investments Co., Ltd.
PAYL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 7, 2024.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.