About GLOBAL X EQUAL WEIGHT U S GROCERIES UNITS CLASS A
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Inception date
Apr 30, 2025
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Primary advisor
Global X Investments Canada, Inc.
The fund is designed to provide exposure focusing on the top companies of the consumer food and staples retail sector. It tracks an index comprised of equity securities of the largest groceries, staples, and superstores in the US. To be included, companies must be a part of the initial universe, the Mirae Asset US 1000, and meet market-cap and liquidity screens. The eligible companies must be classified as Warehouse Clubs and Superstores, Grocery Store and Discount Store as per FactSet RBICS Level 4 classification. The index will include a minimum of 3 securities ranked by their respective security level free float market-cap. Constituents are equally weighted to ensure diversification. The fund targets investors with medium-risk appetites due to its volatility. The index is rebalanced quarterly in February, May, August, and November.
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
No, UMRT doesn't pay dividends to its holders.
UMRT shares are issued by Mirae Asset Global Investments Co., Ltd. under the brand Global X. The ETF was launched on Apr 30, 2025, and its management style is Passive.