Skip to content
etf.net

ZCBC

GradeCNew York Stock Exchange Arca

Global X Funds - Global X Zero Coupon Bond 2032 ETF

Target Maturity Bond · Global X · Inception 2026-01-06 · SEC filings

$47.64+0.00 (+0.00%)

As of Sep 23, 2026, 9:46 AM EDT

Market opens at 9:30 AM ET.History starts Jan 8, 2026.History starts Jan 8, 2026.
Intraday session: up, 7 prints from 47.48 to 47.64. Range 47.48 to 47.69. Use the arrow keys to read each point.$47.50$47.55$47.60$47.70Sep 17Sep 18Sep 21Sep 22Sep 23
Expense ratio
0.07%
Fund size
$1M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
4
Volume · 30D
0M sh
NAV per share
$47.58
52W range
low $47.48high $51.24

The ETF.net ZCBC Grade

C

40/ 100

Rank 3 of 5 in Defined-Maturity Zero-Coupon⁠

Confidence Medium

Six-pillar profile for ZCBC. Scores out of 100: Cost 58, Risk 47, Mission not scored, Tradability 47, Holdings 49, Durability 42. Strongest: Cost (58). Weakest: Durability (42). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned51This cap took−11Published score40 Grade C

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 58
    Category rank3/5 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 47
    Category rank3/5 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 47
    Category rank2/5 · top 40%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 49
    Category rank3/5 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 42
    Category rank3/5 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on ZCBC

ETF.net Research

CMost 2032 bond ETFs hand you coupons along the way. ZCBC skips them, holding stripped Treasuries that mature in 2032, then closing the doors and paying out what is left. One price today, one date on the calendar.

Stated mandate

The fund seeks to track the FTSE Zero Coupon U.S. Treasury STRIPS 2032 Maturity Index before fees and expenses. It primarily invests in zero-coupon U.S. Treasury STRIPS with scheduled maturities during 2032.

Why people hold it

  1. 01Nothing to reinvest: Treasury STRIPS pay no periodic interest and are redeemable at face value at maturity, and the fund is built to liquidate on or about November 30, 2032.globalxetfs.comprnewswire.com
  2. 020.07% a year, below the typical target-maturity bond ETF and level with the cheapest Treasury rungs in the group, such as IBTJ.
  3. 03Treasuries only. No corporate credit layer, unlike the BulletShares and iBonds corporate rungs that fill much of this category.globalxetfs.com
  4. 04One rung of a six-fund lineup spanning 2030 through 2035, so specific target years can be picked or stacked into a ladder.globalxetfs.comprnewswire.com

Worth knowing

  1. 01Zeros carry longer duration than coupon bonds maturing the same year, so the price can swing harder when rates move before 2032.assets.globalxetfs.com
  2. 02No coupon stream here: payouts are irregular rather than monthly, with the bulk of the cash arriving at the fund's 2032 wind-down.prnewswire.com
  3. 03A 2026 launch still building scale. Young, lightly traded ETFs can show wider bid-ask spreads than the entrenched iBonds and BulletShares rungs.

ZCBC Holdings

As of Sep 21, 2026, 6:07 PM
Asset class
Bonds
Holdings
4
Top-10 weight
100%
Largest holding
S 0 11/15/32 (B2RGHN6)25.1%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—S 0 11/15/32 (B2RGHN6)25.15%323,500$239K1
002—S 0 08/15/32 (B4S8S21)25.07%318,500$238K1
003—S 0 02/15/32 (B4YDHV2)24.96%309,200$237K1
004—S 0 05/15/32 (B2RGF65)24.81%311,100$235K1
005—CASH0.02%189$189414

Showing 1–5 of 5 holdings

ZCBC Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

ZCBC$9,803
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. ZCBC $9,803. SPY $10,415. Use the arrow keys to read each point.$9,716$10,110$10,504Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for ZCBC. Periods over one year show the average yearly return.
PeriodZCBC
Year to dateFund launched this year—
1 month−1.6%
3 months−2.0%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for ZCBC
YearReturn barZCBC
2026 YTD−2.3%

History from Jan 8, 2026

ZCBC in the news

ETF.net Research hasn’t filed on ZCBC yet — coverage lands here as it’s written.

ZCBC Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.17 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 8 payments in 2026 YTD. Feb 2, 2026 $0.12; Mar 2, 2026 $0.17; Apr 1, 2026 $0.17; May 1, 2026 $0.17; Jun 1, 2026 $0.17; Jul 1, 2026 $0.17; Aug 3, 2026 $0.17; Sep 1, 2026 $0.17. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 1, 2026Sep 4, 2026$0.17
Aug 3, 2026Aug 6, 2026$0.17
Jul 1, 2026Jul 7, 2026$0.17
Jun 1, 2026Jun 4, 2026$0.17
May 1, 2026May 6, 2026$0.17
Apr 1, 2026Apr 7, 2026$0.17
Mar 2, 2026Mar 5, 2026$0.17
Feb 2, 2026Feb 5, 2026$0.12

ZCBC Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Jan 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Jan 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Jan 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.05
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

ZCBC Cost

Expense Ratio
0.07%