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Global X
A Canadian preferred-share fund, unhedged, for 0.3% a year.
Funds of this type differ on a small set of facts. Where this fund sits on each:
Interest-rate-sensitive bond exposure. Price moves have mainly tracked interest rates and credit conditions. The fund maintained ongoing bond exposure rather than rolling down to a fixed maturity date. It tracks the Solactive Laddered Canadian Preferred Share Index (Total Return).
| Fee | 0.30% per year | costs↓ |
| Currency | CAD-unhedged | facts↓ |
| Wrapper | Swap-based | holdings↓ |
How this fund works
Uses derivative contracts to receive the return of a reference asset or index rather than holding it directly.
Percentages are gross notional exposure, not money invested. Contracts can control more than the fund's assets.
Financials 40.6%
Canada 47.2%
Geography reflects equity holdings only. Fixed income and commodity allocations are excluded.
Source: fund provider disclosure.
The management fee was 0.3% a year, or about $30 for every $10,000 held. A swap fee applies on top of the management fee and sits outside this figure. Trading spreads are separate from this fee. This is the management fee as published by the provider; the total expense ratio can be slightly higher once fund operating costs are added.
How durable the fund is, and what moved its price.
| Assets | $119M· net assets |
| Listed | 2019· 7 years of history |
| Leverage / overlay | None |
What moved the price
| Ticker | HLPR.TO |
| Exchange | TSX |
| Currency | CAD |
| FX strategy | CAD-unhedged |
| Asset class | Fixed Income |
| Structure | Swap-based |
| Theme | Preferred Shares |
| Geography | Canada |
| Index tracked | Solactive Laddered Canadian Preferred Share Index (Total Return) |
| Provider | Global X |
| Mgmt fee | 0.30% |
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Prices as of last close.
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