Key stats
About GLOBAL X SHORT-TERM GOVERNMENT BOND UNITS CLASS A
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Inception date
May 21, 2024
90% Bloomberg Canada Treasury Bills 1-3 Months + 5% ICE U.S. Treasury 20+ Year Bond Index + 5% Cboe TLT 2% OTM BuyWrite Index - Benchmark TR Net
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
Global X Investments Canada, Inc.
The fund actively invests in government debt securities primarily issued by the Government of Canada, with minor exposure from the US Treasury. It may directly invest in government debt securities or in index funds and money market funds that primarily hold said securities. The fund aims to maintain a target duration of less than three years by employing rules-based security selection methodology and weighting. It actively employs, at its discretion, an option strategy by writing a combination of covered call and cash-covered put options on up to approximately 50% of the value of the funds portfolio. The manager may also choose to reconstitute and rebalance the funds holdings from time to time. Note that the fund seeks to hedge any foreign currency exposure back 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%
ETF94.86%
Cash5.14%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PAYS top holdings are Global X 0-3 Month T-Bill ETF and iShares 20+ Year Treasury Bond ETF, occupying 84.38% and 10.49% of the portfolio correspondingly.
PAYS last dividends amounted to 0.09 CAD. The month before, the issuer paid 0.09 CAD in dividends,
PAYS assets under management is 100.10 M CAD. It's risen 10.03% over the last month.
PAYS fund flows account for 97.63 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, PAYS pays dividends to its holders with the dividend yield of 6.68%. The last dividend (Jun 6, 2025) amounted to 0.09 CAD. The dividends are paid monthly.
PAYS shares are issued by Mirae Asset Global Investments Co., Ltd. under the brand Global X. The ETF was launched on May 21, 2024, and its management style is Passive.
PAYS follows the 90% Bloomberg Canada Treasury Bills 1-3 Months + 5% ICE U.S. Treasury 20+ Year Bond Index + 5% Cboe TLT 2% OTM BuyWrite Index - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PAYS invests in funds.
PAYS price has fallen by −0.26% over the last month, and its yearly performance shows a −4.33% decrease. See more dynamics on PAYS price chart.
NAV returns, another gauge of an ETF dynamics, showed a 0.17% increase in three-month performance and has increased by 1.20% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 0.17% increase in three-month performance and has increased by 1.20% in a year.
PAYS trades at a premium (0.01%) meaning the ETF is trading at a higher price than the calculated NAV.