Global X TargetIncome 5 ETF (TFIV)
Global X TargetIncome 5 ETF operates in the Asset Management - Income industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $23.64, up 0.06% on the session, giving a market capitalisation of $6.3M. Its beta of 0.00 implies it has historically moved less than the broad market.
This investment vehicle aims to replicate the price movements and income generation, before expenses are factored in, of the Wilshire TargetIncomeTM 5% Plus Index. Operating as a "fund of funds," it commits a minimum of 80% of its total assets to the securities comprising this benchmark index. The underlying index is structured to provide extensive access to asset classes that produce income, primarily through a curated selection of exchange-traded funds. Its objective, though not guaranteed, is to generate sufficient exposure to potentially deliver an annualized yield of 5.0% to the fund, net of all associated costs. This fund is categorized as non-diversified.
Global X TargetIncome 5 ETF is most often compared with the following Financial Services names: