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Security Profile
- Security Type
- Index ETF
- CUSIP
- 37954Y806
- Market Cap
- Micro Cap · $2 Million
- IPO
- 7/13/2015
Fund Description: Global X SuperDividend Alternatives ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the Global X Funds, an open-end investment management company. INVESTMENT OBJECTIVE: The Global X SuperDividend Alternatives ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx SuperDividend Alternatives Index. INDEX DESCRIPTION: The Indxx SuperDividend Alternatives Index is comprised of securities that rank among the highest dividend yielding securities in each eligible category of alternative income investments, at the time of index reconstitution, as defined by Indxx, LLC, the Index Provider. Alternative income investments that are eligible for inclusion in the Index fall into one of four classes: Master Limited Partnerships (MLPs) and Infrastructure, Real Estate, Institutional Managers, and Fixed Income and Derivative Strategies. The Real Estate category provides exposure to global Real Estate Investment Trusts (REITs), and gains this exposure through the Global X SuperDividend REIT ETF. The Institutional Managers category primarily consists of shares of business development companies (BDCs) and publicly listed private equity companies. The Fixed Income and Derivative Strategies category includes exposure to emerging market debt, mortgage and asset backed securities and option-writing primarily through the purchase of publicly traded closed-end funds (CEFs). Each of the Index components are selected from a universe of securities that are publicly traded in the U.S. The Index assigns weights to each of the four categories in a method that seeks to equalize the volatility contribution of each category, which assigns less weight to higher volatility categories and more weight to lower volatility categories. The Index is reconstituted annually, but may rebalance quarterly if any one category deviates more than 3% from its target weight. FUND STRATEGY: A passive or indexing approach is used to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to beat the Index and does not seek temporary defensive positions when markets decline or appear overvalued. The Fund invests at least 80% of its total assets in the securities of the Index and in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) based on the securities in the Index. The Fund generally will use a replication strategy which is an indexing strategy that involves investing in the securities of the Index in approximately the same proportions as in the Index. However, the Fund may utilize a representative sampling strategy with respect to the Index when a replication strategy might be detrimental to shareholders, such as when there are practical difficulties or substantial costs involved in compiling a portfolio of equity securities to follow the Index, in instances in which a security in the Index becomes temporarily illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations (such as tax diversification requirements) that apply to the Fund but not the Index. FUND MANAGEMENT: Global X Management Company LLC will serve as the Fund's Investment Adviser.
Company Contact
- Headquarters
- 623 Fifth Avenue, 15th Floor, New York, NY 10022
- Phone
- 212-644-6440 · Toll-Free 888-493-8631
- Investor Relations
- 888-493-8631 · info@globalxfunds.com