Global X Adaptive Risk Managed Yield ETF

Frequently Asked Questions About RMHY

What does RMHY invest in?

The fund is designed to provide exposure to high yield corporate bonds while systematically shifting into short-term U.S. Treasury bills in an effort to achieve downside protection prior to and during periods of adverse high yield bond market conditions. [9, 30]

What is the expense ratio of RMHY?

Global X Adaptive Risk Managed Yield ETF (RMHY) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations.

What is RMHY's distribution yield?

RMHY's trailing-twelve-month yield is 1.67%, calculated from the sum of distributions over the past year divided by the current price.

How does RMHY's covered-call strategy work?

RMHY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside. When the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

What is the duration of RMHY?

Effective duration measures RMHY's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. RMHY's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of RMHY?

RMHY's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.