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Global X Funds - Global X TargetIncome Plus 2 ETF
ETF
TFLT
Payout Change
Suspended
Price as of:
$
+0.0
+0.0%
primary theme
N/A
TFLT (ETF)
Global X Funds - Global X TargetIncome Plus 2 ETF
Payout Change
Suspended
Price as of:
$
+0.0
+0.0%
primary theme
N/A
TFLT (ETF)
Global X Funds - Global X TargetIncome Plus 2 ETF
Payout Change
Suspended
Price as of:
$
+0.0
+0.0%
primary theme
N/A
Name
As of 10/18/2021Price
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
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$4.7 M
Holdings in Top 10
99.9%
52 WEEK LOW AND HIGH
N/A
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.64%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 10/18/2021Price
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
TFLT - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameGlobal X Funds - Global X TargetIncome Plus 2 ETF
-
Fund Family NameGlobal X Funds
-
Inception DateJul 27, 2018
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerNam To
Fund Description
The Fund is a fund of funds and invests at least 80% of its total assets in the securities of 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 Underlying Index seeks to provide broad exposure to income-producing asset classes using a portfolio of exchange-traded funds (each, an "Underlying ETF"), with the goal, but not the guarantee, of providing exposure that may be sufficient to support an annualized yield of the US 10-Year Treasury yield plus two percent (2.0%) for the Fund, net of fees. The Underlying Index targets an annualized yield that is somewhat higher than the US 10-Year Treasury yield plus 2% ("US 10-Year Treasury +2% Plus"), which is intended to provide the Fund with the ability to achieve the US 10-Year Treasury yield plus 2% target, net of
fees. The Underlying Index allocates index weights among the Underlying ETFs based on a methodology developed by Wilshire Associates, the provider of the Underlying Index ("Index Provider"), which is designed to achieve the target income objective while also utilizing an optimization approach that seeks to minimize the overall risk of the portfolio. The share prices of the Underlying ETFs are expected to track the performance of equities or bonds in developed or emerging markets, senior loans, preferred securities, real estate investment trusts ("REITs"), master limited partnerships ("MLPs") and energy infrastructure equities, U.S. Treasury bonds, and U.S. Treasury Inflation Protected Securities ("TIPS"). The Underlying ETFs which invest in bonds may have exposure to investment grade and non-investment grade bonds.
The Underlying Index is constructed from the eligible income-producing asset classes, each of which is represented by an Underlying ETF that provides exposure to the given asset class. On a quarterly basis, and subject to certain weighting constraints, the Underlying Index is rebalanced to allocate weights to a subset of the eligible Underlying ETFs using a quantitative optimization approach that is described in more detail below. The Underlying Index has a target yield of US 10-Year Treasury +2% Plus, which is expected to be generated by the income from the allocation to the Underlying ETFs.
Optimization is the quantitative process of selecting a specific portfolio allocation from the set of all potential portfolio allocations, based on a defined objective and subject to certain constraints. Given that the objective of the Underlying Index is to achieve the stated income target while seeking to minimize overall portfolio risk, the primary optimization inputs for the Underlying Index are the yield, volatility, and correlation characteristics of the Underlying ETFs. The primary optimization constraints are the maximum weights of the Underlying ETFs as described in more detail below. Based on these inputs and constraints, the optimization process quantitatively determines the allocation to the Underlying ETFs at each quarterly rebalance.
As of January 31, 2021, the Underlying ETFs eligible for inclusion in the Underlying Index are: Global X SuperDividend® ETF, Global X SuperDividend® U.S. ETF, iShares 20+ Year Treasury Bond ETF, VanEck Vectors® J.P. Morgan EM Local Currency Bond ETF, iShares Core U.S. Aggregate Bond ETF, Xtrackers USD High Yield Corporate Bond ETF, SPDR Blackstone / GSO Senior Loan ETF, Schwab U.S. TIPS ETF, Global X MLP & Energy Infrastructure ETF, Global X U.S. Preferred ETF, and Schwab U.S. REIT ETF. Each Underlying ETF has a minimum weight of 0% and a maximum weight of 20% at each quarterly rebalance. (iShares® is a registered trademark of BlackRock (BlackRock, Inc. and its subsidiaries). Neither BlackRock nor the iShares® Funds make any representations regarding the advisability of investing in the Fund.)
The Underlying Index is sponsored by the Index Provider, which is an organization that is independent of the Fund and Global X Management Company LLC, the investment adviser for the Fund ("Adviser"). The Index Provider determines the relative weightings of the Underlying ETFs of the Underlying Index based on the output from the quantitative optimization process described above. The Fund's investment objective and Underlying Index may be changed without shareholder approval.
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 uses a representative sampling strategy with respect to the Underlying Index. "Representative sampling" is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to the Underlying Index in terms of key risk factors, performance attributes and other characteristics. These include country weightings, market capitalization and other financial characteristics of securities. The Fund may or may not hold all of the securities in 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.
The Fund concentrates its investments (i.e., holds 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, 2021, the Underlying Index was not concentrated in any industry.
TFLT - Performance
Return Ranking - Trailing
| Period | TFLT Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | N/A | -21.8% | 17.7% | 93.46% |
| 1 Yr | N/A | -26.4% | 16.8% | 92.93% |
| 3 Yr | N/A* | -29.6% | 51.9% | 84.96% |
| 5 Yr | N/A* | -33.0% | 28.7% | N/A |
| 10 Yr | N/A* | -27.0% | 12.7% | N/A |
* Annualized
Return Ranking - Calendar
| Period | TFLT Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | N/A | -31.8% | 18.4% | 63.29% |
| 2022 | N/A | -14.3% | 103.5% | 21.63% |
| 2021 | N/A | -20.2% | 60.6% | N/A |
| 2020 | N/A | -13.4% | 10.9% | N/A |
| 2019 | N/A | -12.3% | 4.1% | N/A |
Total Return Ranking - Trailing
| Period | TFLT Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | N/A | -21.8% | 28.6% | 93.46% |
| 1 Yr | N/A | -26.4% | 38.5% | 86.72% |
| 3 Yr | N/A* | -29.6% | 51.9% | 82.52% |
| 5 Yr | N/A* | -33.0% | 29.9% | N/A |
| 10 Yr | N/A* | -27.0% | 16.1% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | TFLT Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | N/A | -31.8% | 18.4% | 63.29% |
| 2022 | N/A | -14.3% | 103.5% | 22.88% |
| 2021 | N/A | -20.2% | 60.6% | N/A |
| 2020 | N/A | -13.4% | 10.9% | N/A |
| 2019 | N/A | -12.3% | 4.7% | N/A |
TFLT - Holdings
Concentration Analysis
| TFLT | Category Low | Category High | TFLT % Rank | |
|---|---|---|---|---|
| Net Assets | 4.7 M | 100 | 124 B | 99.43% |
| Number of Holdings | 7 | 2 | 8175 | 95.47% |
| Net Assets in Top 10 | 4.75 M | -1.57 B | 20.5 B | 88.34% |
| Weighting of Top 10 | 99.86% | 4.3% | 100.0% | 1.05% |
Top 10 Holdings
- GLOBAL X US PREFERRED ETF MUTUAL FUND 20.13%
- XTRACKERS USD HIGH YIELD COR MUTUAL FUND 20.10%
- SPDR BLACKSTONE SENIOR LOAN MUTUAL FUND 19.83%
- VANECK JPM EM LOCAL CCY BOND MUTUAL FUND 14.61%
- ISHARES 20+ YEAR TREASURY BO MUTUAL FUND 10.70%
- GLOBAL X SUPERDIVIDEND ETF MUTUAL FUND 9.46%
- ISHARES CORE U.S. AGGREGATE MUTUAL FUND 5.04%
Asset Allocation
| Weighting | Return Low | Return High | TFLT % Rank | |
|---|---|---|---|---|
| Stocks | 99.86% | -38.22% | 261.12% | 4.39% |
| Cash | 0.14% | -261.12% | 362.75% | 68.86% |
| Preferred Stocks | 0.00% | 0.00% | 31.88% | 0.41% |
| Other | 0.00% | -25.82% | 276.99% | 15.36% |
| Convertible Bonds | 0.00% | 0.00% | 33.50% | 74.90% |
| Bonds | 0.00% | -262.75% | 188.92% | 79.15% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | TFLT % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 100.00% | 11.82% |
| Technology | 0.00% | 0.00% | 33.40% | 28.57% |
| Real Estate | 0.00% | 0.00% | 100.00% | 5.42% |
| Industrials | 0.00% | 0.00% | 100.00% | 30.54% |
| Healthcare | 0.00% | 0.00% | 100.00% | 29.31% |
| Financial Services | 0.00% | 0.00% | 100.00% | 37.44% |
| Energy | 0.00% | 0.00% | 100.00% | 52.96% |
| Communication Services | 0.00% | 0.00% | 100.00% | 25.37% |
| Consumer Defense | 0.00% | 0.00% | 99.97% | 20.44% |
| Consumer Cyclical | 0.00% | 0.00% | 89.95% | 37.44% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 15.02% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | TFLT % Rank | |
|---|---|---|---|---|
| US | 99.86% | -40.06% | 261.12% | 10.43% |
| Non US | 0.00% | -6.04% | 17.73% | 0.69% |
TFLT - Expenses
Operational Fees
| TFLT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.64% | 0.01% | 6.46% | 81.68% |
| Management Fee | 0.39% | 0.00% | 2.29% | 8.01% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.70% | N/A |
Sales Fees
| TFLT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| TFLT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 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.
| TFLT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 496.00% | 7.64% |
TFLT - Distributions
Dividend Yield Analysis
| TFLT | Category Low | Category High | TFLT % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 17.21% | 96.02% |
Dividend Distribution Analysis
| TFLT | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
| TFLT | Category Low | Category High | TFLT % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -1.55% | 11.51% | 28.59% |
Capital Gain Distribution Analysis
| TFLT | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Oct 13, 2021 | $0.078 | OrdinaryDividend |
| Sep 14, 2021 | $0.078 | OrdinaryDividend |
| Aug 12, 2021 | $0.072 | OrdinaryDividend |
| Jul 14, 2021 | $0.068 | OrdinaryDividend |
| Jun 11, 2021 | $0.065 | OrdinaryDividend |
| May 13, 2021 | $0.065 | OrdinaryDividend |
| Apr 13, 2021 | $0.057 | OrdinaryDividend |
| Mar 11, 2021 | $0.057 | OrdinaryDividend |
| Feb 11, 2021 | $0.060 | OrdinaryDividend |
| Jan 08, 2021 | $0.064 | OrdinaryDividend |
| Dec 11, 2020 | $0.060 | OrdinaryDividend |
| Nov 12, 2020 | $0.053 | OrdinaryDividend |
| Oct 13, 2020 | $0.053 | OrdinaryDividend |
| Sep 14, 2020 | $0.053 | OrdinaryDividend |
| Aug 13, 2020 | $0.060 | OrdinaryDividend |
| Jul 14, 2020 | $0.063 | OrdinaryDividend |
| Jun 11, 2020 | $0.065 | OrdinaryDividend |
| May 13, 2020 | $0.065 | OrdinaryDividend |
| Apr 14, 2020 | $0.065 | OrdinaryDividend |
| Mar 12, 2020 | $0.075 | OrdinaryDividend |
| Feb 13, 2020 | $0.087 | OrdinaryDividend |
| Jan 08, 2020 | $0.087 | OrdinaryDividend |
| Dec 12, 2019 | $0.087 | OrdinaryDividend |
| Nov 13, 2019 | $0.087 | OrdinaryDividend |
| Oct 11, 2019 | $0.087 | OrdinaryDividend |
| Sep 13, 2019 | $0.093 | OrdinaryDividend |
| Aug 13, 2019 | $0.093 | OrdinaryDividend |
| Jul 12, 2019 | $0.101 | OrdinaryDividend |
| Jun 13, 2019 | $0.110 | OrdinaryDividend |
| May 13, 2019 | $0.110 | OrdinaryDividend |
| Apr 11, 2019 | $0.110 | OrdinaryDividend |
| Mar 13, 2019 | $0.114 | OrdinaryDividend |
| Feb 13, 2019 | $0.114 | OrdinaryDividend |
| Jan 08, 2019 | $0.198 | OrdinaryDividend |
| Dec 13, 2018 | $0.114 | OrdinaryDividend |
| Nov 13, 2018 | $0.114 | OrdinaryDividend |
| Oct 11, 2018 | $0.114 | OrdinaryDividend |
| Sep 14, 2018 | $0.111 | OrdinaryDividend |
TFLT - Fund Manager Analysis
Managers
Nam To
Start Date
Tenure
Tenure Rank
Jul 27, 2018
3.18
3.2%
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
2.59
2.6%
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
2.31
2.3%
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.
John Belanger
Start Date
Tenure
Tenure Rank
Dec 31, 2020
0.75
0.8%
John Belanger, CFA, joined the Adviser in 2020. He currently holds the position of Senior Vice President, Head of Product Management, Head of Portfolio Management & Portfolio Administration and Chief Operating Officer with the Adviser. Mr. Belanger served as Chief Operating Officer of REX Shares, LLC from 2014-2018. Mr. Belanger graduated Rice University with a Bachelor of Arts in Mathematics and Philosophy in 2004 and graduated from the University of Texas School of Law in 2008.
Vanessa Yang
Start Date
Tenure
Tenure Rank
Dec 31, 2020
0.75
0.8%
Vanessa Yang, Portfolio Management Associate, joined the Adviser 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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 28.19 | 5.63 | 3.19 |
