Global X TargetIncome Plus 2 ETF (TFLT)
Global X TargetIncome Plus 2 ETF operates in the Asset Management - Income industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $23.27, down 0.06% on the session, giving a market capitalisation of $5.9M. Its beta of 0.00 implies it has historically moved less than the broad market.
The Global X TargetIncome Plus 2 ETF is designed to mirror the investment performance (both price appreciation and income generation) of the Wilshire TargetIncomeTM 10-Year Treasury +2% Plus Index, before accounting for its own fees and expenses. Operating as a "fund of funds," it allocates at least 80% of its total assets to the securities that comprise this underlying index. The underlying index itself is structured to offer broad exposure to various income-generating asset classes by investing in a portfolio of exchange-traded funds (ETFs). Its primary objective is to aim for (though not guarantee) an annualized yield for the fund that exceeds the U.S. 10-Year Treasury yield by two percent, after fees. It's important to note that this fund is classified as non-diversified.
Global X TargetIncome Plus 2 ETF is most often compared with the following Financial Services names: