MLDR

Intermediate-Term Treasury Ladder ETF

Reasons to Consider MLDR

Treasuries Exposure

By investing in U.S. Treasuries, MLDR may potentially possess lower credit risk relative to other fixed income options.

Intermediate-Term Exposure

MLDR tracks the performance of an index of U.S. Treasury securities with remaining maturities of between 3-10 years.

Laddering Technique

MLDR’s laddering strategy holds a portfolio of staggered Treasury maturities across a series of equal-weighted rungs, seeking to mitigate the effect of interest rate volatility.

Key Information As of 12/12/24

Inception Date	09/09/24
Total Expense Ratio	0.12%
Net Assets	$2.43 million
NAV	$48.52
Fact Sheet	View the document

ETF Summary

The Global X Intermediate-Term Treasury Ladder ETF (MLDR) invests in a basket of Treasury notes and bonds issued by the U.S. government that have a remaining maturity of at least 3 years but less than 10 years. MLDR will primarily invest in Treasury notes and bonds, making it an attractive option for investors seeking to potentially minimize credit risk but target intermediate-term duration exposure.

ETF Objective

The Global X Intermediate-Term Treasury Ladder ETF (MLDR) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the FTSE US Treasury 3-10 Years Laddered Bond Index.

Trading Details As of 12/12/24

Ticker	MLDR
Bloomberg Index Ticker	CFIIULDM
CUSIP	37960A396
ISIN	US37960A3968
Primary Exchange	NYSE Arca
Shares Outstanding	50,000
Number of Holdings	26
30-Day Median Bid-Ask Spread	0.08%

Distributions As of 12/12/24

30-Day SEC Yield	4.17%
Distribution Frequency	Monthly

ETF Prices As of 12/12/24

NAV	$48.52	Daily Change	-$0.10	-0.21%
Market Price	$48.54	Daily Change	-$0.12	-0.25%

As of recent (09/30/24)	Fund NAV	Market Price	Index
Year-to-Date	--	--	--
1 Month	--	--	--
3 Months	--	--	--
Since Inception	-0.26%	-0.12%	-0.17%
Year-to-Date	--	--	--
1 Month	0.74%	0.72%	0.71%
3 Months	--	--	--
Since Inception	-1.98%	-1.92%	-1.96%

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.

Net Assets (%)	Security Type	Name	SEDOL	Market Value ($)	Par Value ($)
5.92	Treasury Note	T 3 1/2 02/15/33	BQXLPX9	143,616.85	150,000.00
5.20	Treasury Note	T 4 3/8 11/30/30	BNTC717	126,177.14	125,000.00
5.16	Treasury Note	T 4 02/28/30	BMTY6J7	125,263.76	125,000.00
5.12	Treasury Note	T 3 3/4 06/30/30	BMY8B88	124,270.77	125,000.00
5.12	Treasury Note	T 3 7/8 09/30/29	BN6ML52	124,269.52	125,000.00
5.10	Treasury Note	T 4 02/15/34	BS2G1B9	123,606.91	125,000.00
4.98	Treasury Note	T 2 3/4 02/15/28	BG0D0D3	120,856.82	125,000.00
4.81	Treasury Note	T 2 3/8 03/31/29	BPRT3T4	116,710.32	125,000.00
4.19	Treasury Note	T 4 1/2 11/15/33	BRBS4K9	101,751.13	100,000.00
4.18	Treasury Note	T 4 1/4 02/28/31	BMG7NX2	101,322.57	100,000.00
4.05	Treasury Note	T 3 7/8 08/15/33	BRT3QG6	98,180.37	100,000.00
4.02	Treasury Note	T 3 1/4 06/30/29	BQC7W26	97,580.33	100,000.00
3.98	Treasury Note	T 3 1/8 11/15/28	BGRW840	96,437.85	100,000.00
3.96	Treasury Note	T 2 3/8 05/15/27	BF0T9Y8	96,069.17	100,000.00
3.77	Treasury Note	T 1 3/4 01/31/29	BN95VM5	91,439.71	100,000.00
3.77	Treasury Note	T 2 7/8 05/15/32	BPSLLY0	91,421.73	100,000.00
3.76	Treasury Note	T 1 1/4 03/31/28	BMDNPR1	91,304.43	100,000.00
3.75	Treasury Note	T 2 3/4 08/15/32	BQHM4D1	91,005.77	100,000.00
3.53	Treasury Note	T 1 5/8 05/15/31	BMHV4S5	85,552.06	100,000.00
3.42	Treasury Note	T 1 3/8 11/15/31	BMCNFW7	82,953.90	100,000.00
3.26	Treasury Note	T 1 1/4 08/15/31	BMWVP09	78,962.14	95,000.00
2.81	Treasury Note	T 1 1/4 06/30/28	BMBYXD8	68,224.27	75,000.00
2.79	Treasury Note	T 0 1/2 10/31/27	BMYVTX8	67,630.54	75,000.00
1.87	Treasury Note	T 0 5/8 03/31/27	BKPSY95	45,292.40	49,000.00
1.04	Treasury Note	T 4 3/8 05/15/34	BQSB5K1	25,185.28	25,000.00
0.27	Treasury Note	T 3 3/8 05/15/33	BQYLTK3	6,567.21	7,000.00
0.19	Cash	CASH		4,520.98	4,520.98
-0.01	Cash	OTHER PAYABLE & RECEIVABLES		-298.24	-298.24

Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 12/12/24

Macaulay Duration	5.2 Years
Modified Duration	5.06%
Yield to Maturity	4.08%
Issuer Type Breakdown
Government	100.00%
Corporate	0.00%
Other	0.00%

Source: new windowAltaVista Research, LLC

ETF Research

Introducing the Global X Treasury Ladder ETFs (SLDR, MLDR, and LLDR)

Read the Full ArticleRead More

ETF Documents

Latest Premium / Discount As of 12/12/24

NAV	$48.52
Market Price	$48.54
Premium / (Discount)	$0.02

Current View 2024 Q4 As of 12/12/24

Days at Premium	50
Days at NAV	0
Days at Discount	2
Greatest Premium	0.21%
Greatest Discount	-0.07%

Daily Premium / Discount History As of 12/12/24

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How can the Fund trade at a premium/discount to its NAV?

The primary explanation is that timing discrepancies can arise between the NAV and the trading price of the Fund. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

What causes these time discrepancies?

Close of Trading Times. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.

Time of Last Trade. Trading of Global X funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade - from which the closing price is determined - may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to deviate from the closing price.

International Holdings. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.

Investing involves risk, including possible loss of principal. Fixed income securities are subject to loss of principal during periods of rising interest rates. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

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 FTSE Russell, nor does FTSE Russell 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 FTSE Russell.