Q: Good morning,

What happens in a rate cut cycle with this ETF.

Beaucoup Thanks for your unique service from a long time subscriber. Didn't think I would make so much money in the market. Time in the market not market timing as you put it.

Q: Hello 5i Team

I purchased UBIL.U (Global X TSX traded ETF holding US Treasury Bills) in my RRSP as a holding vehicle for my 5 % cash allocation. My purchase price is US$50.01 (resulting from ETF commission) per unit.

I understand UBIL.U trades between US$50.00 and ~ US$50.20 based on interest rates on a monthly basis

In December 2024 Global X declared at non-cash distribution of US$0.70807 per unit. The units were consolidated and now my average cost basis is ~US$50.72.

Therefore when I sell the units of UBIL.U in my RRSP I am incurring a capital loss of between US$0.50 and US$0.70 which I cannot recover (or apply against other capital gains) as the units are held in my RRSP.

Questions

1 - Will other US$ Cash ETFS incur the same non-cash distributions?

2- I could in theory purchase US $ Treasury Bills through my broker (RBCDI), however their fixed income product selection is not great. Any other fixed income suggestions.

3 - Are there are any other products which will not incur the non-cash distributions?

Thanks for all the great services that 5i provides

Q: Hello, I have some US cash in my US TFSA, can you suggest a good place to park cash for the short term (1-2 year) needs given the current environment with tariffs etc ???