Key stats
About Global X Funds Global X Interest Rate Hedge ETF
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Inception date
Jul 5, 2022
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Global X Management Co. LLC
Distributor
SEI Investments Distribution Co.
RATE aims to provide a tactical hedge against sharply rising long-term interest rates while positioning the portfolio to benefit during periods of increased interest rate volatility. While the fund has the ability to use put options on US Treasury ETFs and/or Treasury futures, the portfolio typically consists of 85% cash equivalent collateral and 15% payer swaption contracts. The swaption exposure may fluctuate up to 25%. Swaption contracts are based on the 10-year rate swap and typically have less than a year to expiration. Contracts are typically out-of-the-money when purchased, subjecting the fund to some interest rate risk. The 10-year rate swap is benchmarked to the 10-Year Secured Overnight Financing Rate (SOFR). As such, strategy looks to produce a short-term inverse correlation to long-term treasury bonds and a high correlation to longer-dated interest rate movements. Global X actively manages the portfolio. Prior to November 14, 2022, the fund traded under the ticker IRHG.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF87.88%
Government5.86%
Corporate5.11%
Cash1.15%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
RATE last dividends amounted to 0.02 USD. The month before, the issuer paid 0.02 USD in dividends,
RATE assets under management is 2.56 M USD. It's fallen 6.78% over the last month.
RATE fund flows account for 768.71 K USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, RATE pays dividends to its holders with the dividend yield of 4.55%. The last dividend (Jun 9, 2025) amounted to 0.02 USD. The dividends are paid monthly.
RATE shares are issued by Mirae Asset Global Investments Co., Ltd. under the brand Global X. The ETF was launched on Jul 5, 2022, and its management style is Active.
RATE expense ratio is 0.45% meaning you'd have to pay 0.45% of your investment to help manage the fund.
RATE follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
RATE invests in funds.
RATE price has fallen by −4.98% over the last month, and its yearly performance shows a −7.55% decrease. See more dynamics on RATE price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −4.88% over the last month, showed a −4.72% decrease in three-month performance and has decreased by −3.80% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −4.88% over the last month, showed a −4.72% decrease in three-month performance and has decreased by −3.80% in a year.
RATE trades at a premium (1.06%) meaning the ETF is trading at a higher price than the calculated NAV.