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Global X
About 59% of the 1.8% yield is recurring income; the rest is capital gains or return of capital. Too new to show a capital trend.
Payout over time
Fund health
The latest T3 filing breaks the taxable distribution into Canadian dividends, foreign income, interest, realized capital gains, and return of capital, each taxed differently.
About 47% of the latest taxable distribution is bond interest plus foreign income, taxed at ordinary-income rates. Eligible Canadian dividends get the dividend tax credit, and only half of capital gains are taxable.
That ordinary-income share is one source of tax drag in a non-registered account. The after-tax breakdown below models the combined effect by account type, alongside return of capital, foreign tax, and province.
Return and coverage
How it's taxed
The CRA taxes each distribution dollar by its character. These shares are measured against the full taxable distribution, including any portion the fund reinvested as units rather than paying in cash.
| Character | % of taxable | $ / unit |
|---|---|---|
| Eligible dividends | 12% | $0.0752 |
| Interest / other income | 1% | $0.0047 |
| Foreign income | 46% | $0.2930 |
| Return of capital | 41% | $0.2603 |
Recent dividend activity in holdings
What Premium adds
Next steps
Prices as of 2026-07-27. Distributions as of 2026-07-28. Tax character year 2025.
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Foreign withholding tax already taken inside the fund: $0.0332 per unit. In a non-registered account, foreign tax reported on the T3 may be claimable as a foreign tax credit, subject to T2209 limits. TFSA and RRSP accounts do not claim that T3 credit.
Return of capital is not tax-free. It lowers your adjusted cost base, so the deferred tax can increase a later capital gain or reduce a later capital loss when you sell. If return of capital keeps building up and your cost base reaches zero, any further return of capital is taxed as a capital gain in the year you receive it, not deferred to a sale.
Based on Global X's 2025 T3 / tax-factor filing. Character can vary year to year. This is not tax advice; consult a tax professional about your situation.
What you keep, in your account
Each figure below starts from the headline yield of 1.8% and shows an estimate of what you keep after tax. Where you hold the fund changes the answer: a TFSA shelters Canadian tax and can still lose foreign withholding tax when the fund has foreign withholding, a non-registered account taxes each character at its own rate, and an RRSP defers tax until you withdraw.
These figures are estimates at the top ON marginal tax rate, not your personal rate. The return-of-capital portion is not taxed now: it lowers your cost base, so more of your eventual sale is taxed as a capital gain instead.
Illustrative, not tax advice.