Mr. Jonathan McGuire of Global X reports
GLOBAL X ANNOUNCES PERMANENT MANAGEMENT FEE REDUCTION GLOBAL X ACTIVE CANADIAN MUNICIPAL BOND ETF
Global X Investments Canada Inc. is permanently reducing the annual management fees for the Global X Active Canadian Municipal Bond ETF, effective today.
HMP seeks to provide unitholders with a high level of income by investing primarily in a portfolio of Canadian municipal bonds denominated in Canadian dollars.
Effective Feb. 10, 2026, the annual management fee of HMP will be permanently reduced from 0.29 per cent of the net asset value of the units of HMP, plus applicable sales tax, to 0.25 per cent of the net asset value of the units of HMP, plus applicable sales tax.
The fee reduction for HMP is further described in the table below.
The exchange-traded fund is subadvised by Fiera Capital Corp., one of Canada's largest fixed-income managers. Fiera uses independent credit analysis to select issuers high in quality and yield, as well as allocation flexibility to tactically manage the non-rated risk of the portfolio.
By focusing on Canadian municipal bonds that have a lower-risk profile compared with investment-grade corporate bonds, HMP offers exposure to a stable and reliable asset class known for its relatively low default rates.
The investment objectives, strategies and existing name for HMP, as outlined in its prospectus, remain the same.
We seek Safe Harbor.
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