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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PAYL last dividends amounted to 0.14 CAD. The month before, the issuer paid 0.14 CAD in dividends,
PAYL assets under management is 1.88 M CAD. It's fallen 2.08% over the last month.
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.
Yes, PAYL pays dividends to its holders with the dividend yield of 9.15%. The last dividend (Jun 6, 2025) amounted to 0.14 CAD. The dividends are paid monthly.
PAYL shares are issued by Mirae Asset Global Investments Co., Ltd. under the brand Global X. The ETF was launched on Nov 7, 2024, and its management style is Active.
PAYL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PAYL price has fallen by −1.64% 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 trades at a premium (0.02%) meaning the ETF is trading at a higher price than the calculated NAV.