Global X Zero Coupon Bond 2032 ETF (ZCBC)

Global X Zero Coupon Bond 2032 ETF is a defined-maturity bond fund from Global X ETFs that holds zero-coupon bonds scheduled to mature in or around 2032. Zero-coupon bonds pay no periodic interest; they are bought at a discount to face value and accrete toward par as they approach maturity.

Because its holdings share a common maturity year, the fund is designed to behave more like an individual bond than a perpetual bond fund, with its interest-rate sensitivity declining as 2032 approaches. It is intended to be wound down and return its assets to shareholders around its target maturity date. The fund trades on NYSE Arca under the ticker ZCBC.