Global X Management Announces Updated Distribution Amounts for ETFs
GLOBAL X S&P 500 HIGH YIELD LOW VOLATILITY ETF (ZYU) Share Update September 2024 Friday 27th
Global X Announces Updated Distribution Amounts for Various ETFs
Global X Management (AUS) Limited has released updated estimated distribution amounts for its various ETFs for the distribution period ending 30 September 2024. This announcement includes important details for investors holding units in these funds.
Instant Summary:
- Global X S&P 500 High Yield Low Volatility ETF: 12.303094 cents per unit
- Global X S&P/ASX 200 High Dividend ETF: 12.327661 cents per unit
- Global X US Treasury Bond ETF (Currency Hedged): 6.538834 cents per unit
- Global X USD Corporate Bond ETF (Currency Hedged): 23.118567 cents per unit
- Global X USD High Yield Bond ETF (Currency Hedged): 12.894074 cents per unit
- Global X S&P 500 Covered Call ETF: 7.940450 cents per unit
- Global X NASDAQ 100 Covered Call ETF: 7.550620 cents per unit
- Global X S&P/ASX 200 Covered Call ETF: 26.132596 cents per unit
- Global X Australia ex Financials & Resources ETF: 6.313652 cents per unit
- Global X Australian Bank Credit ETF: 5.335834 cents per unit
Distribution Details
Global X Management (AUS) Limited, the Responsible Entity for various funds quoted on the AQUA Market for the ASX, has announced updated estimated distribution amounts for each fund for the distribution period ending 30 September 2024. These updates are crucial for investors as they provide insights into the expected returns from their investments.
The funds and their respective distribution amounts are as follows:
- Global X S&P 500 High Yield Low Volatility ETF (ZYUS): 12.303094 cents per unit
- Global X S&P/ASX 200 High Dividend ETF (ZYAU): 12.327661 cents per unit
- Global X US Treasury Bond ETF (Currency Hedged) (USTB): 6.538834 cents per unit
- Global X USD Corporate Bond ETF (Currency Hedged) (USIG): 23.118567 cents per unit
- Global X USD High Yield Bond ETF (Currency Hedged) (USHY): 12.894074 cents per unit
- Global X S&P 500 Covered Call ETF (UYLD): 7.940450 cents per unit
- Global X NASDAQ 100 Covered Call ETF (QYLD): 7.550620 cents per unit
- Global X S&P/ASX 200 Covered Call ETF (AYLD): 26.132596 cents per unit
- Global X Australia ex Financials & Resources ETF (OZXX): 6.313652 cents per unit
- Global X Australian Bank Credit ETF (BANK): 5.335834 cents per unit
Distribution Timetable
The timetable for the distribution is as follows:
- Estimated Distribution Announcement Date: 24 September 2024
- DRP Election Date: 27 September 2024
- Ex Distribution Date: 30 September 2024
- Record Date: 01 October 2024
- Final Distribution Announcement Date: 01 October 2024
- Payment Date: 15 October 2024
Investors should take note of these dates to ensure they are eligible for the distributions and can make any necessary adjustments to their investment strategies.
The updated distribution amounts reflect the performance and yield of the underlying assets in each ETF. These distributions can provide a steady income stream for investors, particularly those in high-yield and dividend-focused funds. The announcement may positively impact investor sentiment, especially for those relying on these distributions for income.
Investor Reaction:
Analysts are likely to view this announcement positively, as it provides clarity on the expected returns from these ETFs. The relatively high distribution amounts for certain funds, such as the Global X USD Corporate Bond ETF and the Global X S&P/ASX 200 Covered Call ETF, may attract more investors looking for stable income sources.
Conclusion:
Investors should review the updated distribution amounts and the timetable to ensure they are well-positioned to benefit from these distributions. Staying informed about such announcements can help investors make better decisions and optimize their portfolios for income generation.