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Global X Alternative Income ETF
ETF
ALTY
Payout Change
Pending
Price as of:
$12.085
+0.04
+0.29%
primary theme
U.S. Growth/Balanced Allocation
ALTY (ETF)
Global X Alternative Income ETF
Payout Change
Pending
Price as of:
$12.085
+0.04
+0.29%
primary theme
U.S. Growth/Balanced Allocation
ALTY (ETF)
Global X Alternative Income ETF
Payout Change
Pending
Price as of:
$12.085
+0.04
+0.29%
primary theme
U.S. Growth/Balanced Allocation
Name
As of 11/27/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
13.5%
1 yr return
17.5%
3 Yr Avg Return
4.1%
5 Yr Avg Return
4.0%
Net Assets
$35.3 M
Holdings in Top 10
88.6%
52 WEEK LOW AND HIGH
$12.1
$11.03
$12.09
Expenses
OPERATING FEES
Expense Ratio 0.50%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 86.85%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/27/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
ALTY - Profile
Distributions
- YTD Total Return 13.5%
- 3 Yr Annualized Total Return 4.1%
- 5 Yr Annualized Total Return 4.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.77%
- Dividend Yield 7.2%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameGlobal X Alternative Income ETF
-
Fund Family NameGlobal X Funds
-
Inception DateJul 13, 2015
-
Shares Outstanding3019909
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerNam To
Fund Description
The Fund invests at least 80% of its total assets in the securities of the Indxx SuperDividend® Alternatives Index (the "Underlying Index") and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the Underlying Index. The Fund's 80% investment policy is non-fundamental and requires 60 days prior written notice to shareholders before it can be changed. The Fund may lend securities representing up to one-third of the value of the Fund’s total assets (including the value of the collateral received).
The Underlying Index is intended to provide exposure to five income-producing categories: Master Limited Partnerships ("MLPs") and Infrastructure, Real Estate, Preferreds, Emerging Market Bonds and Covered Calls. The MLPs and Infrastructure categories primarily consist of units of MLPs and shares of infrastructure companies. The Real Estate category provides exposure to global real estate investment trusts ("REITs"), and gains this exposure through investing directly in the Global X SuperDividend® REIT ETF. The Preferreds category provides exposure to U.S. preferred securities, and gains this exposure through investing directly in the Global X U.S. Preferred ETF. The Emerging Markets Bonds category provides exposure to emerging markets debt, and gains this exposure through investing directly in the Global X Emerging Markets Bond ETF. The Covered Call category provides exposure to a covered call strategy, and gains this exposure through investing directly in the Global X Nasdaq 100 Covered Call ETF. At the annual reconstitution, each of the five categories is equally weighted at 20%. The Underlying Index may rebalance quarterly if any one category deviates more than 3% from its target weight, in which case
each category is rebalanced back to equal weight of 20%. The Fund's investment objective and Underlying Index may be changed without shareholder approval.
The Underlying Index is sponsored by Indxx, LLC (the “Index Provider”), which is an organization that is independent of, and unaffiliated with, the Fund and Global X Management Company LLC, the investment adviser for the Fund ("Adviser"). The Index Provider determines the relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.
The Adviser uses a "passive" or indexing approach to try to achieve the Fund's investment objective. Unlike many investment companies, the Fund does not try to "outperform" the Underlying Index and does not seek temporary defensive positions when markets decline or appear overvalued.
The Fund generally will use a replication strategy. A replication strategy is an indexing strategy that involves investing in the securities of the Underlying Index in approximately the same proportions as in the Underlying Index. However, the Fund may utilize a representative sampling strategy with respect to the Underlying Index when a replication strategy might be detrimental to shareholders, such as when there are practical difficulties or substantial costs involved in compiling a portfolio of equity securities to follow the Underlying Index, in instances in which a security in the Underlying Index becomes temporarily illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations (such as tax diversification requirements) that apply to the Fund but not the Underlying Index.
The Adviser expects that, over time, the correlation between the Fund's performance and that of the Underlying Index, before fees and expenses, will exceed 95%. A correlation percentage of 100% would indicate perfect correlation. If the Fund uses a replication strategy, it can be expected to have greater correlation to the Underlying Index than if it uses a representative sampling strategy. The Fund concentrates its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. As of January 31, 2024, the Underlying Index was not concentrated in any industry.
ALTY - Performance
Return Ranking - Trailing
| Period | ALTY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.5% | 2.0% | 25.4% | 84.78% |
| 1 Yr | 17.5% | 5.2% | 33.7% | 97.23% |
| 3 Yr | 4.1%* | -8.4% | 11.6% | 73.67% |
| 5 Yr | 4.0%* | 1.7% | 13.4% | 97.70% |
| 10 Yr | N/A* | 0.9% | 11.7% | 59.91% |
* Annualized
Return Ranking - Calendar
| Period | ALTY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.7% | -6.9% | 29.3% | 94.10% |
| 2022 | -18.0% | -37.4% | -8.2% | 25.62% |
| 2021 | 14.8% | -9.8% | 25.4% | 7.25% |
| 2020 | -21.0% | -21.0% | 25.4% | 100.00% |
| 2019 | 11.3% | -8.3% | 27.9% | 75.59% |
Total Return Ranking - Trailing
| Period | ALTY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.5% | 2.0% | 25.4% | 84.78% |
| 1 Yr | 17.5% | 5.2% | 33.7% | 97.23% |
| 3 Yr | 4.1%* | -8.4% | 11.6% | 73.67% |
| 5 Yr | 4.0%* | 1.7% | 13.4% | 97.70% |
| 10 Yr | N/A* | 0.9% | 11.7% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | ALTY Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.6% | -0.9% | 33.0% | 84.38% |
| 2022 | -11.9% | -36.0% | -0.9% | 21.35% |
| 2021 | 23.1% | -7.8% | 33.9% | 5.80% |
| 2020 | -12.8% | -16.2% | 25.4% | 99.62% |
| 2019 | 21.4% | 7.3% | 34.8% | 57.09% |
ALTY - Holdings
Concentration Analysis
| ALTY | Category Low | Category High | ALTY % Rank | |
|---|---|---|---|---|
| Net Assets | 35.3 M | 1.43 M | 120 B | 94.81% |
| Number of Holdings | 20 | 4 | 2696 | 68.86% |
| Net Assets in Top 10 | 30.2 M | 1.28 M | 27.7 B | 93.08% |
| Weighting of Top 10 | 88.64% | 19.7% | 118.4% | 29.76% |
Top 10 Holdings
- GLOBAL X EMERGING MARKETS BD MUTUAL FUND 20.31%
- GLOBAL X SUPERDIVIDEND REIT MUTUAL FUND 20.03%
- GLOBAL X US PREFERRED ETF MUTUAL FUND 19.89%
- GLOBAL X NASD 100 COV CALL MUTUAL FUND 19.79%
- WILLIAMS COS INC COMMON STOCK 1.58%
- KINDER MORGAN INC COMMON STOCK 1.50%
- HESS MIDSTREAM LP - CLASS A COMMON STOCK 1.45%
- MPLX LP PARTNERSHIP SHARES 1.41%
- SUBURBAN PROPANE PARTNERS LP PARTNERSHIP SHARES 1.36%
- ALLETE INC COMMON STOCK 1.32%
Asset Allocation
| Weighting | Return Low | Return High | ALTY % Rank | |
|---|---|---|---|---|
| Stocks | 99.90% | 0.00% | 100.10% | 23.88% |
| Convertible Bonds | 0.14% | 0.00% | 26.48% | 83.62% |
| Cash | 0.10% | 0.00% | 100.00% | 69.55% |
| Preferred Stocks | 0.00% | 0.00% | 16.57% | 89.62% |
| Other | 0.00% | -0.25% | 26.93% | 79.93% |
| Bonds | 0.00% | 0.00% | 102.71% | 92.04% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | ALTY % Rank | |
|---|---|---|---|---|
| Real Estate | 33.16% | 0.00% | 33.86% | 0.70% |
| Utilities | 21.56% | 0.00% | 31.67% | 1.05% |
| Technology | 15.71% | 3.31% | 52.93% | 80.49% |
| Energy | 11.29% | 0.00% | 29.22% | 3.14% |
| Communication Services | 5.51% | 0.00% | 26.62% | 80.84% |
| Consumer Cyclical | 4.92% | 0.00% | 16.01% | 86.06% |
| Industrials | 3.53% | 1.16% | 32.55% | 98.26% |
| Healthcare | 2.08% | 0.00% | 36.30% | 99.30% |
| Consumer Defense | 1.95% | 0.00% | 14.86% | 94.77% |
| Financial Services | 0.28% | 0.28% | 52.80% | 100.00% |
| Basic Materials | 0.00% | 0.00% | 11.49% | 99.65% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | ALTY % Rank | |
|---|---|---|---|---|
| US | 99.90% | 0.00% | 100.10% | 23.88% |
| Non US | 0.00% | 0.00% | 21.17% | 89.27% |
ALTY - Expenses
Operational Fees
| ALTY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.50% | 0.04% | 4.67% | 89.97% |
| Management Fee | 0.50% | 0.00% | 1.25% | 73.01% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.25% | N/A |
Sales Fees
| ALTY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| ALTY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| ALTY Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 86.85% | 4.00% | 236.00% | 83.52% |
ALTY - Distributions
Dividend Yield Analysis
| ALTY | Category Low | Category High | ALTY % Rank | |
|---|---|---|---|---|
| Dividend Yield | 7.25% | 0.00% | 10.22% | 1.73% |
Dividend Distribution Analysis
| ALTY | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| ALTY | Category Low | Category High | ALTY % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.77% | -1.12% | 6.07% | 1.79% |
Capital Gain Distribution Analysis
| ALTY | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 05, 2024 | $0.073 | OrdinaryDividend |
| Oct 03, 2024 | $0.073 | OrdinaryDividend |
| Sep 05, 2024 | $0.071 | OrdinaryDividend |
| Aug 05, 2024 | $0.071 | OrdinaryDividend |
| Jul 03, 2024 | $0.067 | OrdinaryDividend |
| Jun 05, 2024 | $0.067 | OrdinaryDividend |
| May 03, 2024 | $0.067 | OrdinaryDividend |
| Apr 03, 2024 | $0.067 | OrdinaryDividend |
| Mar 05, 2024 | $0.067 | OrdinaryDividend |
| Feb 05, 2024 | $0.067 | OrdinaryDividend |
| Dec 28, 2023 | $0.087 | OrdinaryDividend |
| Dec 05, 2023 | $0.067 | OrdinaryDividend |
| Nov 03, 2023 | $0.067 | OrdinaryDividend |
| Oct 04, 2023 | $0.067 | OrdinaryDividend |
| Sep 06, 2023 | $0.067 | OrdinaryDividend |
| Aug 03, 2023 | $0.067 | OrdinaryDividend |
| Jul 06, 2023 | $0.067 | OrdinaryDividend |
| Jun 05, 2023 | $0.067 | OrdinaryDividend |
| May 03, 2023 | $0.067 | OrdinaryDividend |
| Apr 05, 2023 | $0.067 | OrdinaryDividend |
| Mar 03, 2023 | $0.067 | OrdinaryDividend |
| Feb 03, 2023 | $0.067 | OrdinaryDividend |
| Dec 29, 2022 | $0.067 | OrdinaryDividend |
| Dec 05, 2022 | $0.067 | OrdinaryDividend |
| Nov 03, 2022 | $0.067 | OrdinaryDividend |
| Oct 05, 2022 | $0.067 | OrdinaryDividend |
| Sep 06, 2022 | $0.067 | OrdinaryDividend |
| Aug 03, 2022 | $0.067 | OrdinaryDividend |
| Jul 06, 2022 | $0.067 | OrdinaryDividend |
| Jun 03, 2022 | $0.071 | OrdinaryDividend |
| May 04, 2022 | $0.071 | OrdinaryDividend |
| Apr 05, 2022 | $0.076 | OrdinaryDividend |
| Mar 03, 2022 | $0.076 | OrdinaryDividend |
| Feb 03, 2022 | $0.080 | OrdinaryDividend |
| Dec 30, 2021 | $0.106 | OrdinaryDividend |
| Dec 03, 2021 | $0.080 | OrdinaryDividend |
| Nov 03, 2021 | $0.080 | OrdinaryDividend |
| Oct 05, 2021 | $0.076 | OrdinaryDividend |
| Sep 03, 2021 | $0.076 | OrdinaryDividend |
| Aug 04, 2021 | $0.071 | OrdinaryDividend |
| Jul 06, 2021 | $0.071 | OrdinaryDividend |
| Jun 03, 2021 | $0.071 | OrdinaryDividend |
| May 05, 2021 | $0.071 | OrdinaryDividend |
| Apr 05, 2021 | $0.071 | OrdinaryDividend |
| Mar 03, 2021 | $0.075 | OrdinaryDividend |
| Feb 03, 2021 | $0.078 | OrdinaryDividend |
| Dec 30, 2020 | $0.078 | OrdinaryDividend |
| Dec 03, 2020 | $0.078 | OrdinaryDividend |
| Nov 04, 2020 | $0.078 | OrdinaryDividend |
| Oct 05, 2020 | $0.082 | OrdinaryDividend |
| Sep 03, 2020 | $0.089 | OrdinaryDividend |
| Aug 05, 2020 | $0.089 | OrdinaryDividend |
| Jul 06, 2020 | $0.093 | OrdinaryDividend |
| Jun 03, 2020 | $0.098 | OrdinaryDividend |
| May 05, 2020 | $0.098 | OrdinaryDividend |
| Apr 03, 2020 | $0.098 | OrdinaryDividend |
| Mar 04, 2020 | $0.098 | OrdinaryDividend |
| Feb 05, 2020 | $0.098 | OrdinaryDividend |
| Dec 30, 2019 | $0.079 | OrdinaryDividend |
| Dec 30, 2019 | $0.028 | CapitalGainShortTerm |
| Dec 30, 2019 | $0.119 | CapitalGainLongTerm |
| Dec 04, 2019 | $0.098 | OrdinaryDividend |
| Nov 05, 2019 | $0.098 | OrdinaryDividend |
| Oct 03, 2019 | $0.098 | OrdinaryDividend |
| Sep 05, 2019 | $0.098 | OrdinaryDividend |
| Aug 05, 2019 | $0.098 | OrdinaryDividend |
| Jul 03, 2019 | $0.097 | OrdinaryDividend |
| Jun 05, 2019 | $0.096 | OrdinaryDividend |
| May 03, 2019 | $0.096 | OrdinaryDividend |
| Apr 03, 2019 | $0.096 | OrdinaryDividend |
| Mar 05, 2019 | $0.096 | OrdinaryDividend |
| Feb 05, 2019 | $0.096 | OrdinaryDividend |
| Dec 28, 2018 | $0.085 | CapitalGainShortTerm |
| Dec 28, 2018 | $0.004 | CapitalGainLongTerm |
| Dec 28, 2018 | $0.007 | OrdinaryDividend |
| Dec 06, 2018 | $0.096 | OrdinaryDividend |
| Nov 05, 2018 | $0.096 | OrdinaryDividend |
| Oct 03, 2018 | $0.096 | OrdinaryDividend |
| Sep 06, 2018 | $0.093 | OrdinaryDividend |
| Aug 03, 2018 | $0.093 | OrdinaryDividend |
| Jul 05, 2018 | $0.093 | OrdinaryDividend |
| Jun 05, 2018 | $0.093 | OrdinaryDividend |
| May 03, 2018 | $0.093 | OrdinaryDividend |
| Apr 04, 2018 | $0.093 | OrdinaryDividend |
| Mar 05, 2018 | $0.093 | OrdinaryDividend |
| Feb 05, 2018 | $0.092 | OrdinaryDividend |
| Dec 28, 2017 | $0.127 | OrdinaryDividend |
| Dec 01, 2017 | $0.091 | OrdinaryDividend |
| Nov 01, 2017 | $0.091 | OrdinaryDividend |
| Oct 02, 2017 | $0.091 | OrdinaryDividend |
| Sep 01, 2017 | $0.091 | OrdinaryDividend |
| Aug 01, 2017 | $0.093 | OrdinaryDividend |
| Jul 03, 2017 | $0.093 | OrdinaryDividend |
| Jun 01, 2017 | $0.093 | OrdinaryDividend |
| May 01, 2017 | $0.093 | OrdinaryDividend |
| Apr 03, 2017 | $0.094 | OrdinaryDividend |
| Mar 01, 2017 | $0.097 | OrdinaryDividend |
| Feb 01, 2017 | $0.099 | OrdinaryDividend |
| Dec 28, 2016 | $0.110 | OrdinaryDividend |
| Dec 01, 2016 | $0.099 | OrdinaryDividend |
| Nov 01, 2016 | $0.099 | OrdinaryDividend |
| Oct 03, 2016 | $0.099 | OrdinaryDividend |
| Sep 01, 2016 | $0.099 | OrdinaryDividend |
| Aug 01, 2016 | $0.099 | OrdinaryDividend |
| Jul 01, 2016 | $0.101 | OrdinaryDividend |
| Jun 01, 2016 | $0.101 | OrdinaryDividend |
| May 02, 2016 | $0.101 | OrdinaryDividend |
| Apr 01, 2016 | $0.105 | OrdinaryDividend |
| Mar 01, 2016 | $0.105 | OrdinaryDividend |
| Feb 01, 2016 | $0.105 | OrdinaryDividend |
| Dec 29, 2015 | $0.180 | OrdinaryDividend |
| Dec 01, 2015 | $0.105 | OrdinaryDividend |
| Nov 02, 2015 | $0.100 | OrdinaryDividend |
| Oct 01, 2015 | $0.100 | OrdinaryDividend |
| Sep 01, 2015 | $0.100 | OrdinaryDividend |
ALTY - Fund Manager Analysis
Managers
Nam To
Start Date
Tenure
Tenure Rank
Mar 01, 2018
4.25
4.3%
Nam To, CFA, joined Global X Management Company LLC in July 2017 as a Portfolio Management Analyst. Mr. To has been a Portfolio Manager of the Fund since March 1, 2018. Previously, Mr. To was a Global Economics Research Analyst at Bunge Limited from 2014 through 2017 and an Advisory and Investment Analyst at Horizon Capital Group from June 2013 through August 2013. Mr. To received his Bachelor of Arts in Philosophy and Economics from Cornell University in 2014.
Wayne Xie
Start Date
Tenure
Tenure Rank
Mar 01, 2019
3.25
3.3%
Wayne Xie joined the Global X Management Company LLC in July 2018 as a Portfolio Management Associate. Previously, Mr. Xie was an Analyst at VanEck Associates on the Equity ETF Investment Management team from 2010 to 2018 and a Portfolio Administrator at VanEck Associates from 2007 to 2010. Mr. Xie received his BS in Business Administration from State University of New York at Buffalo.
Kimberly Chan
Start Date
Tenure
Tenure Rank
Jun 10, 2019
2.98
3.0%
Kimberly Chan is a Portfolio Management Associate. Previously, Ms. Chan was a US Associate Trader at Credit Agricole from 2016 to 2018, and an Investment Analyst at MetLife Investments from 2015 to 2016. Ms. Chan received her Bachelor of Science from New York University in 2015.
Vanessa Yang
Start Date
Tenure
Tenure Rank
Dec 31, 2020
1.41
1.4%
Vanessa Yang, Portfolio Management Associate, joined Global X Management Company LLC in 2016 as a Portfolio Administrator. She was appointed to the portfolio management team in June 2019. Previously, Ms. Yang was a Portfolio Administrator at VanEck Associates from 2011 to 2014. Ms. Yang received her MS in Financial Engineering from Drucker School of Management in 2010 and her BS in Economics from Guangdong University of Foreign Studies in 2008.
Sandy Lu
Start Date
Tenure
Tenure Rank
Apr 01, 2022
0.16
0.2%
Sandy Lu, CFA, Portfolio Manager, joined the Adviser in September 2021. Previously, Mr. Lu worked at PGIM Fixed Income from 2014 to 2021, where he led the portfolio analyst team covering Emerging Markets Debt. He began his career in 2010 as an Investment Analyst at Lincoln Financial Group. Mr. Lu graduated with a B.S. in Economics from the Wharton School of the University of Pennsylvania. He earned his CFA designation in September 2015, and holds the Series 3 license.
William Helm
Start Date
Tenure
Tenure Rank
Apr 01, 2022
0.16
0.2%
William Helm, CFA, Portfolio Manager, joined the Adviser in September 2021. Previously, Mr. Helm spent 14 years at Vanguard where he most recently served as an Equity Portfolio Manager and Trader. Previously, he held roles in Portfolio Review, Corporate Strategy and Corporate Finance. Mr. Helm received his BBA in Economics from Belmont University in 2007 and his MBA from Columbia Business School in 2020.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 38.44 | 7.38 | 2.41 |
