Key stats
About GLOBAL X BALANCED ASSET ALLOCATION UNIT CL A
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Inception date
Aug 1, 2018
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Primary advisor
Global X Investments Canada, Inc.
The fund is a fund-of-funds that aims for long-term capital growth using Horizons Total Return Index ETFs (TRI ETFs). The fund targets a 70% allocation to global equities and 30% allocation to North American government, provincial and corporate fixed income securities. The Canadian securities exposure will be at least 30%. HBAL generally rebalances semi-annually in January and July wherein a portfolio optimization strategy will be employed to select the weightings of TRI ETFs that maximizes risk-adjusted returns. It is worth noting that the fund invests in TRI ETFs that uses derivatives to provide the returns of the index they track (a synthetic exposure) instead of owning the securities directly. Specifically, it uses Total Return Swaps with one or more bank counterparties. HBAL will also use currency forwards at all times to hedge its non-Canadian dollar currency exposure to the Canadian dollar.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF99.80%
Cash0.20%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
HBAL top holdings are Global X Canadian Select Universe Bond Index Corporate Class ETF and Global X S&P 500 Index ETF Trust Unit A, occupying 28.75% and 19.72% of the portfolio correspondingly.
HBAL last dividends amounted to 0.04 CAD. The month before, the issuer paid 0.04 CAD in dividends,
HBAL assets under management is 153.54 M CAD. It's risen 4.75% over the last month.
HBAL fund flows account for −1.21 M 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, HBAL pays dividends to its holders with the dividend yield of 2.40%. The last dividend (May 7, 2025) amounted to 0.04 CAD. The dividends are paid monthly.
HBAL shares are issued by Mirae Asset Global Investments Co., Ltd. under the brand Global X. The ETF was launched on Aug 1, 2018, and its management style is Active.
HBAL expense ratio is 0.22% meaning you'd have to pay 0.22% of your investment to help manage the fund.
HBAL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
HBAL invests in funds.
HBAL price has risen by 5.65% over the last month, and its yearly performance shows a 7.94% increase. See more dynamics on HBAL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 6.29% over the last month, showed a −0.27% decrease in three-month performance and has increased by 11.90% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 6.29% over the last month, showed a −0.27% decrease in three-month performance and has increased by 11.90% in a year.
HBAL trades at a premium (0.00%) meaning the ETF is trading at a higher price than the calculated NAV.