| NAV | $100.22 | Daily Change | $0.03 | 0.03% |
| Market Price | $100.23 | Daily Change | $0.03 | 0.03% |
By investing in short-term U.S. Treasury bills, CLIP offers an interest-bearing alternative to cash, with potentially lower credit and interest rate risk relative to other fixed income options.
U.S. Treasury obligations provide potential tax efficiencies in which interest earned is exempt from state and local taxes.1
At a 0.07% expense ratio, CLIP provides exposure to a basket of U.S. Treasury bills with shorter maturities and monthly distributions. - 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
| Inception Date | 06/20/23 |
| Total Expense Ratio | 0.07% |
| Net Assets | $1.27 billion |
| NAV | $100.22 |
| Fact Sheet | View the document |
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.
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.
| 30-Day SEC Yield | 4.20% |
| Trailing 12-Month Distribution (%) 1 | 5.04% |
| Distribution Frequency | Monthly |
|
1The distribution as a percentage an investor would have received if they had held the fund over the last twelve months, assuming the most recent NAV. The Trailing 12-Month Distribution (%) is calculated by summing any income, capital gains and return of capital distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the same period. The distribution is estimated to include a return of capital. For information on the breakdown of the distributions, please see the “19a Notice” here. These do not imply rates for any future distributions. |
| NAV | $100.22 | Daily Change | $0.03 | 0.03% |
| Market Price | $100.23 | Daily Change | $0.03 | 0.03% |
|
As of recent (12/31/24)
As of recent (12/31/24)
|
Fund NAV | Market Price | Index |
|---|---|---|---|
| 1 Year | 5.28% | 5.25% | 5.33% |
| Since Inception | 5.33% | 5.34% | 5.38% |
| 1 Year | 5.11% | 5.04% | 5.16% |
| Since Inception | 5.23% | 5.24% | 5.28% |
| Year-to-Date | 5.28% | 5.25% | 5.33% |
| 1 Month | 0.40% | 0.40% | 0.40% |
| 3 Months | 1.19% | 1.18% | 1.19% |
| Since Inception | 8.29% | 8.31% | 8.37% |
| Year-to-Date | 0.69% | 0.69% | 0.70% |
| 1 Month | 0.33% | 0.34% | 0.33% |
| 3 Months | 1.09% | 1.09% | 1.10% |
| Since Inception | 9.04% | 9.05% | 9.13% |
Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.
| Net Assets (%) | Security Type | Name | SEDOL | Market Value ($) | Par Value ($) |
|---|---|---|---|---|---|
| 8.69 | Treasury Bill | B 04/17/25 | BRJFGZ1 | 110,147,548.25 | 110,550,000.00 |
| 8.59 | Treasury Bill | B 04/03/25 | BL54JW8 | 108,941,910.33 | 109,160,000.00 |
| 7.64 | Treasury Bill | B 04/24/25 | BSF06H9 | 96,836,048.38 | 97,270,000.00 |
| 7.11 | Treasury Bill | B 05/01/25 | BSZ7PH3 | 90,099,893.25 | 90,579,000.00 |
| 6.89 | Treasury Bill | B 05/15/25 | BSQLDW5 | 87,343,169.63 | 87,950,000.00 |
| 6.26 | Treasury Bill | B 05/08/25 | BT03ML6 | 79,363,558.59 | 79,850,000.00 |
| 6.16 | Treasury Bill | B 04/10/25 | BSVLV59 | 78,138,711.36 | 78,360,000.00 |
| 5.55 | Treasury Bill | B 05/22/25 | BTPH097 | 70,333,379.11 | 70,880,000.00 |
| 5.46 | Treasury Bill | B 04/01/25 | BTBKBR5 | 69,177,473.44 | 69,300,000.00 |
| 5.23 | Treasury Bill | B 04/08/25 | BPG4K66 | 66,347,842.25 | 66,520,000.00 |
| 4.45 | Treasury Bill | B 04/15/25 | BTLT1T4 | 56,357,077.98 | 56,550,000.00 |
| 3.99 | Treasury Bill | B 05/29/25 | BTG00Q2 | 50,567,201.25 | 51,000,000.00 |
| 3.64 | Treasury Bill | B 05/06/25 | BPCXKH8 | 46,078,337.55 | 46,350,000.00 |
| 3.37 | Treasury Bill | B 05/13/25 | BR1FKK2 | 42,713,096.69 | 43,000,000.00 |
| 3.35 | Treasury Bill | B 04/22/25 | BMVGPM7 | 42,419,589.00 | 42,600,000.00 |
| 3.25 | Treasury Bill | B 04/29/25 | BSPS7K3 | 41,201,147.01 | 41,410,000.00 |
| 2.83 | Treasury Bill | B 03/18/25 | BQT6FF0 | 35,883,711.03 | 35,888,000.00 |
| 1.79 | Treasury Bill | B 05/20/25 | BSZBFQ4 | 22,748,456.64 | 22,920,000.00 |
| 1.74 | Treasury Bill | B 03/25/25 | BRWKBK3 | 22,079,115.50 | 22,100,000.00 |
| 1.66 | Treasury Bill | B 03/27/25 | BT9K6G1 | 21,025,222.47 | 21,050,000.00 |
| 1.64 | Treasury Bill | B 06/05/25 | BN7T6L3 | 20,804,457.03 | 21,000,000.00 |
| 1.56 | Treasury Bill | B 06/12/25 | BSLSTR8 | 19,797,241.60 | 20,000,000.00 |
| 1.16 | Treasury Bill | B 03/20/25 | BRPT6Q8 | 14,734,773.49 | 14,740,000.00 |
| 0.82 | Treasury Bill | B 05/27/25 | BQC9631 | 10,423,253.09 | 10,510,000.00 |
| 0.01 | Cash | CASH | 160,987.63 | 160,987.63 | |
| -2.84 | Cash | OTHER PAYABLE & RECEIVABLES | -35,940,516.09 | -35,940,516.09 |
Preliminary National Association of Insurance Commissioners (NAIC) Designation refers to the NAIC Securities Valuation Office’s (SVO’s) opinion as to what NAIC Designation it believes the Fund would receive if owned by an insurance company and reported to the SVO. NAIC Designations are to be used solely by the state insurance regulators and by the insurance industry for financial solvency monitoring and not for purposes of investment decision-making.
The Securities Valuation Office of the National Association of Insurance Commissioners (NAIC) assigns credit quality designations to securities held by state-regulated insurance companies. NAIC Designations are opinions of credit quality that range from NAIC 1, being the highest quality, to NAIC 6, being the lowest quality. “P” is a valuation indicator used to classify perpetual preferred stock. NAIC designations allow ETFs to be reported as bonds or preferred stock (as appropriate) on NAIC Schedule D and are used to set Risk-Based Capital (RBC) requirements. NAIC designations only measure credit risk and do not measure other risks or factors that may affect repayment, such as volatility/interest rate, prepayment, extension or liquidity risk. Refer to official NAIC publication and guidance for official NAIC policies and definitions.
Preliminary NAIC Designations are the intellectual property of the National Association of Insurance Commissioners (NAIC) and are redistributed here under License. A Preliminary NAIC Designation is an opinion of the NAIC Securities Valuation Office (SVO) of the probable credit quality designation that would be assigned by the SVO to an investment if purchased by an insurance company and reported to the SVO. A Preliminary NAIC Designations is only one of the regulatory factors considered by the SVO as part of its analysis of probable regulatory treatment under the Regulatory Treatment Analysis Service. A full discussion of such other regulatory factors is set forth in the RTAS Letter provided to Global X. A Preliminary NAIC Designation cannot be used to report the ETF to state insurance regulators. However, the purchasing insurance company may obtain an NAIC Designation for the ETF by filing the security and final documents for the ETF with the SVO. The indication of probable regulatory treatment indicated by a Preliminary NAIC Designation is not a recommendation to purchase the ETF and is not intended to convey approval or endorsement of the ETF Sponsor or the ETF by the NAIC.
NAIC Designations are the intellectual property of the National Association of Insurance Commissioners (NAIC) and are redistributed here under License. An NAIC Designation is a proprietary symbol used by the NAIC Securities Valuation Office (SVO) to denote a category or band of credit risk (i.e., the likelihood of repayment in accordance with a written contract) for an issuer or for a security. NAIC Designations may be notched up or down to reflect the position of a specific liability in the issuer’s capital structure and/or the existence of other non-payment risk in the specific security. Under NAIC reporting rules, shares of a Fund are presumed to be reportable as common stock. The SVO may classify a Fund, for reporting with an NAIC Designation, as a bond or preferred stock, as applicable, and assign it an NAIC Designation if it meets defined criteria. For a discussion of these criteria please call the SVO or refer to the Purposes and Procedures Manual of the NAIC Investment Analysis Office. The assignment of an NAIC Designation is not a recommendation to purchase the Fund and is not intended to convey approval or endorsement of the Fund Sponsor or the Fund by the NAIC.
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.