Global X - Intermediate-Term Treasury Ladder ETF
MLDR
New York Stock Exchange Arca- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 605 Third Avenue, 43rd Floor New York NY United States of America 10158
- IPO Date
- Sep 10, 2024
- Website
- globalxetfs.com
- Similar Companies
- Business
- Global X Intermediate-Term Treasury Ladder ETF (MLDR) is an exchange-traded fund that seeks to correspond to the price and yield performance, before fees and expenses, of the FTSE US Treasury 3-10 Years Laddered Bond Index. The ETF invests primarily in a laddered portfolio of U.S. Treasury notes and bonds with remaining maturities between 3 and 10 years, distributed across seven equal-weighted rungs to mitigate interest rate volatility and reinvestment risk; it holds high-quality government securities comprising approximately 99.84% of assets, with a modified duration of around 5.00 years and a yield to maturity of approximately 3.58%. Launched on September 10, 2024, and listed on the NYSE Arca, MLDR is managed by Global X Management Company LLC, a subsidiary of Mirae Asset Global Investments (founded in 2008 and headquartered in New York), and targets investors seeking intermediate-term duration exposure with minimal credit risk. MLDR's core offerings include a diversified basket of Treasury securities such as notes maturing in targeted ranges (e.g., T 4 3/8 05/15/34, T 4 7/8 10/31/30), rebalanced annually and reconstituted monthly to maintain the laddering structure by evenly redistributing weights from empty rungs. The fund provides monthly distributions, with recent payouts including $0.1510 per share in October 2024, $0.146 in September 2025, and $0.147 in June 2025, reflecting a trailing twelve-month yield of around 3.44% and assets under management of approximately $7.9 million as of late 2025. It operates within the investment-grade fixed income segment, focusing on U.S. government obligations for institutional and retail investors globally via U.S. exchanges. In recent developments, MLDR was introduced as part of Global X's Treasury Ladder ETF suite alongside SLDR (short-term) and LLDR (long-term) on September 10, 2024, marking a strategic expansion into segmented Treasury yield curve exposure amid rising yields and anticipated Federal Reserve rate cuts. The fund has maintained steady monthly dividend declarations through 2025, with ex-dividend dates in February, March, June, and September, underscoring its income-focused strategy in a volatile fixed-income environment. No major acquisitions, funding rounds, or reorganizations have been reported for MLDR or its sponsor in the past 1-2 years, with operations focused on index tracking and passive management.