ETF Evaluator:
Global X Treasury Bond Enhanced Inc ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Intermediate Government Over the Last Year
| 6.1% | Regan Fixed Rate MBS ETF (MBSX) |
| 3.1% | Simplify MBS ETF (MTBA) |
| 2.6% | Vanguard Government Securities Actv ETF (VGVT) |
| 2.2% | Intermediate Government () |
| 2.1% | State Street SPDR Port Itmt Term Trs ETF (SPTI) |
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ETF Details
Global X Treasury Bond Enhanced Inc ETF Overview
Global X Treasury Bond Enhanced Inc ETF (TLTX) is an actively managed Taxable Bond Intermediate Government exchange-traded fund (ETF). Global X Funds launched the ETF in 2025.
The investment seeks to provide current income while maintaining the potential for capital appreciation.
The fund is an actively managed ETF that seeks to achieve its investment objective by investing in assets providing direct or indirect exposure to U.S. Treasury bond obligations, such as U.S. Treasuries, U.S. Treasury STRIPS, and/or U.S. Treasury ETFs and selling call options on U.S. Treasury ETFs to generate additional income. The fund is non-diversified.
About Global X Treasury Bond Enhanced Inc ETF (TLTX)
There are 2 members of the management team with an average tenure of 1.04 years: Nam To (2025) and Sandy Lu (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
Global X Treasury Bond Enhanced Inc ETF has 16 securities in its portfolio. The top 10 holdings constitute 91.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Global X Treasury Bond Enhanced Inc ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Global X Treasury Bond Enhanced Inc ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is -0.3% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 99.8% (99.8% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Global X Treasury Bond Enhanced Inc ETF has 0.6% of the portfolio in cash.
Assets Under Management
The fund has $14 million in total assets, which is below the $6 billion average for the Intermediate Government category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
TLTX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Global X Treasury Bond Enhanced Inc ETF expense ratio is below average compared to funds in the Intermediate Government category. Global X Treasury Bond Enhanced Inc ETF has an expense ratio of 0.29%, which is 177% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Global X Treasury Bond Enhanced Inc ETF has a portfolio turnover rate of 34%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 252% for the Intermediate Government category.
Recently, in the month of July 2026, Global X Treasury Bond Enhanced Inc ETF returned -4.2%, which earned it a grade of F, as the Intermediate Government category had an average return of -1.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Global X Treasury Bond Enhanced Inc ETF has a trailing yield of 19.04%, which is above the 4.79% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Global X Treasury Bond Enhanced Inc ETF Grades
Year to date, the ETF has returned -3.2%, 2.4 percentage points worse than the category, which translates into a grade of F. The fund has returned -0.5% over the past year (grade of F).
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TLTX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| TLTX Return (NAV) | -4.2% | -3.1% | -0.5% | na | na | na |
| TLTX Return (Price) | -4.8% | -3.1% | -0.6% | na | na | na |
| NAV +/- Price Return | 0.577% | -0.026% | 0.050% | na | na | na |
| Intermediate Government Avg | -1.0% | -0.8% | 2.2% | 3.4% | -0.4% | 1.0% |
| TLTX Grade (NAV) | F | F | F | na | na | na |
| +/- Category (NAV) | -3.2% | -2.3% | -2.7% | na | na | na |
| TLTX Tax-Cost Ratio | na | na | 6.6% | na | na | na |
TLTX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TLTX Return (NAV) | -3.2% | na | na | na | na | na | na | na | na | na | na |
| TLTX Return (Price) | -3.4% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.055% | na | na | na | na | na | na | na | na | na | na |
| Intermediate Government Avg | -0.8% | 7.1% | 1.2% | 4.3% | -11.0% | -2.5% | 7.5% | 6.3% | 1.3% | 1.5% | 1.1% |
| TLTX Grade (NAV) | F | na | na | na | na | na | na | na | na | na | na |
| +/- Category | -2.4% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 19.0% |
| Total Assets: | $ 14 Mil |
| Share Class Assets: | $ 14 Mil |
| Turnover: | 34.1% |
| Expense Ratio: | 0.29% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 1.0 years | |||
| Average Tenure: 1.0 years | |||
| Managers (Year): To Nam (2025), Lu Sandy (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 16 |
| % in Top 10 Holdings: | 91.8% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | -0.3% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 99.8% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.6% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Global X Funds |
| Phone Number: | 888-493-8631 |
| Website: | www.globalxfunds.com |
| Inception Date: | July 15, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.29% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.10% |
