CLIP


1-3 Month T-Bill ETF

Reasons to Consider CLIP

Treasuries Exposure

By investing in short-term U.S. Treasury bills, CLIP offers an interest-bearing alternative to cash, with potentially lower credit and rate risk relative to other fixed income options.

Potential Tax Advantages

U.S. Treasury obligations provide potential tax efficiencies in which interest earned is exempt from state and local taxes.1

ETF Efficiency

At a 0.07% expense ratio, CLIP provides exposure to a basket of U.S. Treasury bills with shorter maturities – all in one trade.

1Interest from T-Bill is subject to federal tax and any distributions from the Fund may be taxable as ordinary income or capital gains

Key Information As of 07/23/24

Inception Date 06/20/23
Total Expense Ratio 0.07%
Net Assets $507.70 million
NAV $100.34
Fact Sheet View the document

ETF Summary

The Global X 1-3 Month T-Bill ETF (CLIP) invests in a basket of Treasury bills issued by the U.S. government that have a remaining maturity of at least 1 month but less than 3 months. CLIP will primarily invest in Treasury bills, making it an attractive option for investors seeking to potentially minimize credit and interest rate risks.

ETF Objective

The Global X 1-3 Month T-Bill ETF (CLIP) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive 1-3 month US T-Bill Index.

Trading Details As of 07/23/24

Ticker CLIP
Bloomberg Index Ticker SOLTBILL
CUSIP 37960A438
ISIN US37960A4388
Primary Exchange NYSE Arca
Shares Outstanding 5,059,931
Number of Holdings 20
30-Day Median Bid-Ask Spread 0.02%

Distributions As of 07/23/24

30-Day SEC Yield 5.25%
12-Month Trailing Yield 5.46%
Distribution Frequency Monthly

ETF Prices As of 07/23/24

NAV $100.34 Daily Change $0.02 0.02%
Market Price $100.34 Daily Change -$0.02 -0.02%

Performance History

As of recent month & quarter-end (06/30/24)
As of recent month & quarter-end (06/30/24)
Fund NAV Market Price Index
1 Year 5.42% 5.32% 5.47%
Since Inception 5.42% 5.45% 5.48%
1 Year 5.42% 5.32% 5.47%
Since Inception 5.42% 5.45% 5.48%
Year-to-Date 2.65% 2.64% 2.68%
1 Month 0.40% 0.39% 0.46%
3 Months 1.34% 1.33% 1.34%
Since Inception 5.59% 5.62% 5.65%
Year-to-Date 2.65% 2.64% 2.68%
1 Month 0.40% 0.39% 0.46%
3 Months 1.34% 1.33% 1.34%
Since Inception 5.59% 5.62% 5.65%

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of 07/23/24

Net Assets (%) Security Type Name SEDOL Market Value ($) Par Value ($)
9.73 Treasury Bill B 08/08/24 BRYQ9Y9 49,790,947.54 49,900,000.00
9.61 Treasury Bill B 09/05/24 BRF4PG6 49,189,021.20 49,500,000.00
8.46 Treasury Bill B 08/22/24 BPG5RQ8 43,265,971.44 43,450,000.00
8.17 Treasury Bill B 08/15/24 BRK39S8 41,788,497.18 41,923,000.00
7.95 Treasury Bill B 08/29/24 BMG7NK9 40,675,327.50 40,890,000.00
7.24 Treasury Bill B 09/12/24 BQ2MK38 37,048,393.25 37,320,000.00
5.97 Treasury Bill B 08/01/24 BNRPV61 30,564,249.10 30,600,000.00
5.69 Treasury Bill B 08/13/24 BSVHY03 29,089,825.34 29,175,000.00
5.29 Treasury Bill B 09/10/24 BS56202 27,044,161.36 27,235,000.00
4.62 Treasury Bill B 09/17/24 BNRR253 23,658,338.78 23,850,000.00
4.52 Treasury Bill B 08/06/24 BPRBV30 23,116,071.50 23,160,000.00
4.40 Treasury Bill B 09/26/24 BQV12N0 22,488,612.61 22,700,000.00
4.37 Treasury Bill B 09/03/24 BQ66J84 22,365,157.05 22,500,000.00
4.11 Treasury Bill B 08/27/24 BNNV7T8 21,045,064.70 21,150,000.00
3.92 Treasury Bill B 08/20/24 BQKVRY7 20,035,495.46 20,115,000.00
2.27 Treasury Bill B 10/03/24 BS1L7L7 11,629,472.61 11,750,000.00
1.96 Treasury Bill B 09/19/24 BRPT6R9 10,016,486.84 10,100,000.00
0.81 Treasury Bill B 09/24/24 BT029S9 4,162,079.25 4,200,000.00
0.48 Treasury Bill B 10/22/24 BSY1576 2,467,653.13 2,500,000.00
0.44 Treasury Bill B 10/10/24 BQBBW07 2,224,695.51 2,250,000.00
0.01 Cash CASH 69,428.08 69,428.08
0.00 Cash OTHER PAYABLE & RECEIVABLES -18,819.89 -18,819.89
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 07/23/24

Macaulay Duration 0.1 Years
Modified Duration 0.09 Years
Yield to Maturity 5.27%
Issuer Type Breakdown
Government 100.00%
Corporate 0.00%
Other 0.00%

Source: new windowAltaVista Research, LLC

ETF Research

Investing involves risk, including possible loss of principal. Fixed income securities are subject to loss of principal during periods of rising interest rates. U.S. Treasury obligations may differ in their interest rates, maturities, times of issuance and other characteristics. Similar to other issuers, changes to the financial condition or credit rating of the U.S. Government may cause the value of the Fund’s investments in U.S. Treasury obligations to decline. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund is not a money market fund, does not seek to maintain a stable net asset value, and is not subject to the risk limiting provisions applicable to money market funds.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Solactive AG, nor does Solactive AG make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with Solactive AG.