Global X Funds Introduces TargetIncome™ Family of ETFs

Global X Funds today announced the launch of the Global X TargetIncome 5 ETF (TFIV), and the Global X TargetIncome Plus 2 ETF (TFLT). TFIV seeks to achieve a 5% yield, net of fees, while TFLT seeks to achieve the yield on the current 10 Year US Treasury Note, plus 2%, with both funds expected to pay distributions on a monthly basis. TFIV and TFLT track indexes developed by Wilshire Associates that allocate across 11 ETFs representing different income-paying asset classes. The ETFs seek to attain their targeted income levels while simultaneously optimizing their exposures to mitigate risk.