Global X Interest Rate Hedge ETF
RATE
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- United States of America
- IPO Date
- Jul 7, 2022
- Similar Companies
- Business
- Global X Interest Rate Hedge ETF (NYSE Arca: RATE), issued by Global X Management Company LLC, is an actively managed exchange-traded fund that seeks to provide a hedge against sharp increases in long-term U.S. interest rates through investments in over-the-counter payer swaptions; it also aims to benefit from periods of elevated interest rate volatility during market stress, with the flexibility to include put options on U.S. Treasury ETFs or futures. The fund primarily holds swaptions benchmarked to the 10-year Secured Overnight Financing Rate (SOFR) and related cash collateral, alongside short-term holdings such as Treasury bills, resulting in a portfolio concentrated in approximately 13 positions with top holdings including various short-dated bills and swaptions options. Launched on July 5, 2022, following an initial ticker of IRHG, RATE features a net expense ratio of 0.45%, monthly distributions yielding around 4.83% trailing twelve months, and assets under management of approximately $1.57-$2.5 million as of late 2025. Global X Management Company LLC, founded in 2008 and headquartered at 605 Third Avenue, 43rd Floor, New York, New York, operates as a subsidiary of Mirae Asset Global Investments and provides a broad suite of over 80 thematic, income, commodity, and alternative ETFs with more than $40 billion in assets under management; RATE targets institutional and retail investors seeking tactical interest rate protection within fixed income or broader portfolios, with geographic focus on U.S. markets. In a significant recent development, RATE was announced for closure and delisted from trading effective August 22, 2025, ceasing new purchases and mandating redemptions for remaining shares amid low assets and shifting market conditions; prior to this, the fund underwent a ticker change from IRHG to RATE on November 14, 2022, to better reflect its strategy, while the issuer continued expanding its lineup with new thematic ETFs such as those tracking China's Hang Seng TECH Index and silver covered call strategies in 2025.