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Global X
About 1.0% recurring income, but over the last 3 years capital fell 8%/yr.
Payout over time
Fund health
Where the 3-year return came from
The unit price fell 8.2% a year over this window: the return came entirely from distributions, with part of the payout offset by the price decline.
3-year annualized, on a shared scale: bars left of the line are negative. Capital appreciation is the fund's own unit-price change; income return is the contribution from distributions being reinvested. The two combine (multiplicatively) to the total return.
Risk and resilience
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 |
|---|---|---|
| Foreign income | 92% | $0.1175 |
| Return of capital | 8% | $0.0101 |
Foreign withholding tax already taken inside the fund: $0.0176 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.
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 1.1% 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.
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Next steps
Prices as of 2026-07-27. Distributions as of 2026-07-28. Tax character year 2025.
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The cash distribution was reduced in 3 calendar years since 2017.
What you own
The top 3 sectors shown are 86% of the fund; Healthcare is the largest at 64%.
Coverage -5.5×: The fund paid a 1.1% distribution rate against a -6.1% a year total return; the current distribution rate was higher than the total return over this window.