This product invests mainly in zero-coupon US Treasury STRIPS that mature in 2035, offering interest rate exposure to a defined maturity window in ETF form. Its index-tracking structure is built for investors seeking access to Treasury-based assets.

It suits investors who want to build US Treasury exposure around a future date when they will need the funds, and who can tolerate price fluctuations before maturity.

The ETF is managed by Global X using a passive (index-tracking) approach.

The strategy centers on holding zero-coupon US Treasury STRIPS that reach a defined maturity window, linking bond maturities to cash flow goals at a specific point in time. Rather than focusing on reinvesting interest, it is important to understand the value at maturity and how prices move with interest rate changes.

• Treasury STRIPS exposure focused on a specific maturity date
• An ETF approach that links cash flow planning with maturity structure

Assets under management (AUM) stand at $0.9M, and the total expense ratio is 0.07% per year.

In the holdings list provided, the USLM ETF is listed repeatedly. The USLM ETF appears again as the same list entry. For the USLM ETF, it is worth first confirming that it is recorded more than once in the list. The BNO ETF is also listed alongside it. The BNO ETF is recorded as a separate entry in the list provided. The BNO ETF is an item to check together when reviewing that list.

Zero-coupon Treasury prices are sensitive to changes in market interest rates, and the further out the maturity, the larger the price swings can be depending on market conditions. The performance of this product is influenced by the direction of Treasury yields and expectations about the maturity structure.

Fund flows can vary with investors' cash flow needs at specific maturity dates and with their interest rate outlook. Even when demand grows for defensive asset allocation using Treasury-based products, it is advisable to also examine each product's trading conditions and maturity suitability.

Its strengths are maturity-focused Treasury exposure and cash flow design, but interest rate fluctuations and the possibility of selling before maturity must be managed separately.

In the comparison table, the TLT ETF offers broad access to long-term US Treasuries, while the TLH ETF covers a long-term range that is shorter than that. The SPTL ETF and the VGLT ETF provide long-term Treasury exposure but differ in issuer and fee structure, and the EDV ETF focuses on a Treasury segment with high maturity sensitivity. Because the core of the ZCBG ETF is a zero-coupon Treasury structure matched to a specific maturity date, it is appropriate to examine maturity matching and price volatility together when comparing it with general long-term Treasury ETFs.

Before investing, check together whether your target date for using the funds matches the product's maturity structure, whether your tolerance for interest rate changes is sufficient, and whether you have confirmed the trading conditions for buying and selling. Being Treasury-based alone does not eliminate price fluctuation risk.

If market interest rates change before maturity, zero-coupon Treasury prices can move differently from expectations. Even if you plan to hold to maturity, situations in which you need cash midway, changes in trading conditions, and exchange rate movements between the US dollar and the Korean won can affect the final realized performance.

The Global X Zero Coupon Bond 2035 ETF is a structure for investors who value linking US Treasury exposure in a specific maturity window with cash flow planning. Before buying, it is advisable to review maturity matching, interest rate risk, the intended use of quarterly distributions, and trading conditions together.