PAYL is the Global X Long-Term Government Bond Premium Yield ETF, one of 47 Global X funds in Covered Call Directory. It is listed on the TSX, trades in Canadian dollars and pays distributions monthly. It launched in November 2024 and has a management expense ratio (MER) of 0.75%.
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Fund Information
Global X Premium Yield Options Strategy
These funds hold short-, mid- or long-term government bonds and run an options program on top that sells both calls and puts. Because rates can move either way, selling on both sides means the funds can collect premium whether bond prices drift up, down or sideways. They pay monthly and use no leverage. The Canadian bond funds are hedged and the U.S. Treasury funds are unhedged.
Recent Distributions
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2026 Fixed Income Ranking
PAYL ranks #8 of 14 Fixed Income covered call ETFs by total return so far in 2026.
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All 47 Global X FundsLive figures update through the trading day and can be delayed. Not investment advice — check the provider's documents before investing.