RATE seeks to achieve its investment objective of providing a hedge against sharply increasing long-term U.S. interest rates by using over-the-counter (OTC) instruments.
By holding options designed to benefit from rising long-term interest rates, RATE provides access to an efficient fixed income hedging strategy designed to offset interest rate risk in a portfolio.
RATE is an active strategy from the standpoint of interest rate risk management.
The Global X Interest Rate Hedge ETF (RATE) is an actively managed ETF designed to benefit when long-term interest rates increase. RATE seeks to achieve its investment objective primarily by investing in long interest rate swap options (“swaptions”) and long positions in short term U.S. Treasury securities. The latter is mainly utilized for cash management purposes. RATE may invest in U.S. Treasury bills directly or through other ETFs.
NAV | $18.44 | Daily Change | -$0.31 | -1.65% |
Market Price | $18.57 | Daily Change | -$0.24 | -1.28% |
Fund NAV | Market Price | |
---|---|---|
1 Year | 3.69% | 3.37% |
Since Inception | 8.07% | 8.03% |
Net Assets (%) | Security Type | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
---|---|---|---|---|---|---|
87.33 | Mutual Fund | GLOBAL X 1-3 MONTH T-BILL | BS096K4 | 100.44 | 22,450 | 2,254,878.00 |
6.78 | Cash | CASH | 1.00 | 175,089 | 175,089.07 | |
3.06 | Option | PAYER 09/12/35 4.05 BARC | 0.01 | 8,000,000 | 78,900.16 | |
2.84 | Option | PAYER 08/28/35 4.10 BARC | 0.01 | 10,000,000 | 73,371.80 | |
0.14 | Option | PAYER 07/10/25 4.55 UBS | 0.00 | 17,000,000 | 3,621.68 | |
-0.15 | Cash | OTHER PAYABLE & RECEIVABLES | 1.00 | -3,790 | -3,789.76 |
Holdings are subject to change. "Cash" denotes U.S. dollars.
* The financial statements include the Fund’s disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.
** The financial statements include the Fund’s disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.