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.
Key Information |
Trading Details |
Distributions |
Taxes |
NAV | Daily Change | |||
Market Price | Daily Change |
Fund NAV | Market Price | Index | |
---|---|---|---|
Options Details |
Net Assets (%) | Ticker | Name | SEDOL | Shares Held | Market Value |
---|---|---|---|---|---|
Exposure |
ETF Characteristics |
ETF Risk Stats |
* 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.
NAV | $18.99 | Daily Change | -$0.11 | -0.58% |
Market Price | $19.07 | Daily Change | -$0.27 | -1.40% |
Fund NAV | Market Price | |
---|---|---|
1 Year | 3.69% | 3.37% |
Since Inception | 8.07% | 8.03% |
Net Assets (%) | Security Type | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
---|---|---|---|---|---|---|
84.64 | Mutual Fund | GLOBAL X 1-3 MONTH T-BILL | BS096K4 | 100.26 | 22,450 | 2,250,724.75 |
5.63 | Treasury Bill | B 06/03/25 | BSRKCV3 | 1.00 | 150,000 | 149,735.22 |
4.13 | Option | SWAPTION 09/12/35 4.05 P | 0.01 | 8,000,000 | 109,728.24 | |
4.12 | Option | SWAPTION 08/28/35 4.10 P | 0.01 | 10,000,000 | 109,575.50 | |
0.94 | Cash | CASH | 1.00 | 24,875 | 24,875.30 | |
0.56 | Option | SWAPTION 07/10/25 4.55 P | 0.00 | 17,000,000 | 14,965.10 | |
-0.02 | Cash | OTHER PAYABLE & RECEIVABLES | 1.00 | -451 | -450.65 |
Holdings are subject to change. "Cash" denotes U.S. dollars.