Model Portfolios | News | Contact

CEFA

S&P Catholic Values Developed ex-U.S. ETF

 

Reasons to Consider CEFA

Invest in Values

CEFA excludes companies involved in activities perceived to be inconsistent with Catholic values as set out by the U.S. Conference of Catholic Bishops, including screens for weaponry and child labor.

Minimize Tracking Error

By matching sector weightings, CEFA seeks to minimize tracking error to the S&P EPAC ex-Korea Large Cap Index (a benchmark for developed markets outside of the U.S.).

ETF Efficiency

CEFA allows investors to buy and sell a broad basket of global equities that conform with Catholic guidelines, with the tax efficiency of an ETF.

Key Information As of 04/30/24

Inception Date 06/22/20
Total Expense Ratio 0.35%
Net Assets $17.68 million
NAV $30.48
Fact Sheet View the document

ETF Summary

The Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) provides exposure to large cap companies in developed markets outside of the U.S., whose business practices adhere to the Socially Responsible Investment Guidelines of the United States Conference of Catholic Bishops (USCCB).

ETF Objective

The Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Developed ex-U.S. Catholic Values Index.

Trading Details As of 04/30/24

Ticker CEFA
Bloomberg Index Ticker SPEKCVUN
CUSIP 37954Y368
ISIN US37954Y3687
Primary Exchange Nasdaq
Shares Outstanding 580,000
Number of Holdings 403
30-Day Median Bid-Ask Spread 0.57%

Distributions As of 04/30/24

30-Day SEC Yield 2.28%
Distribution Frequency Semi-Annually

ETF Prices As of 04/30/24

NAV $30.48 Daily Change -$0.04 -0.13%
Market Price $30.27 Daily Change -$0.32 -1.05%

Performance History

As of recent
(03/31/24)
As of recent
(03/31/24)
Fund NAV Market Price Index
1 Year 15.44% 15.41% 15.76%
3 Years 3.11% 3.06% 3.40%
Since Inception 8.74% 8.79% 9.08%
1 Year 9.80% 8.70% 10.07%
3 Years 1.24% 0.88% 1.51%
Since Inception 7.72% 7.52% 8.04%
Year-to-Date 6.12% 6.39% 6.21%
1 Month 2.68% 2.84% 2.70%
3 Months 6.12% 6.39% 6.21%
Since Inception 37.19% 37.45% 38.83%
Year-to-Date 3.04% 2.40% 3.09%
1 Month -2.90% -3.75% -2.93%
3 Months 2.66% 3.10% 2.66%
Since Inception 33.21% 32.29% 34.76%

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of 04/30/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
2.64 CSL AU CSL LTD 6185495 179.71 2,597 466,718.00
2.61 ASML NA ASML HOLDING NV B929F46 890.37 518 461,211.25
2.29 7203 JP TOYOTA MOTOR CORP 6900643 23.12 17,493 404,407.17
1.87 EL FP ESSILORLUXOTTICA 7212477 214.71 1,541 330,862.78
1.72 MC FP LVMH MOET HENNE 4061412 828.03 368 304,715.63
1.64 SHEL LN SHELL PLC BP6MXD8 35.85 8,098 290,304.32
1.45 ULVR LN UNILEVER PLC B10RZP7 51.84 4,947 256,446.41
1.36 SAP GR SAP SE 4846288 181.45 1,321 239,699.00
1.25 7741 JP HOYA CORP 6441506 117.37 1,881 220,773.81
1.22 SU FP SCHNEIDER ELECTRIC SE 4834108 230.00 935 215,047.10
1.19 OR FP L'OREAL 4057808 470.10 449 211,074.12
1.18 HSBA LN HSBC HOLDINGS PLC 0540528 8.71 23,892 208,097.31
1.17 ALC SW ALCON INC BJT1GR5 77.52 2,678 207,605.95
1.16 TTE FP TOTALENERGIES SE B15C557 73.34 2,785 204,252.59
1.03 BHP AU BHP GROUP LTD 6144690 27.94 6,489 181,312.77
0.88 CBA AU COMMONW BK AUSTR 6215035 74.38 2,100 156,190.91
0.88 8306 JP MITSUBISHI UFJ F 6335171 10.04 15,449 155,064.31
0.86 DGE LN DIAGEO PLC 0237400 34.75 4,349 151,141.95
0.79 ALV GR ALLIANZ SE-REG 5231485 285.06 490 139,681.15
0.79 4543 JP TERUMO CORP 6885074 17.12 8,112 138,847.09
0.78 ABBN SW ABB LTD-REG 7108899 48.95 2,822 138,123.08
0.78 REL LN RELX PLC B2B0DG9 41.36 3,333 137,847.30
0.77 BP/ LN BP PLC 0798059 6.52 20,860 135,927.08
0.77 8035 JP TOKYO ELECTRON LTD 6895675 223.18 608 135,690.66
0.75 AI FP AIR LIQUIDE SA B1YXBJ7 196.61 671 131,928.49
0.74 ICLR ICON PLC B94G471 297.88 441 131,365.08
0.74 8031 JP MITSUI & CO LTD 6597302 48.54 2,695 130,823.91
0.74 6098 JP RECRUIT HOLDINGS CO LTD BQRRZ00 43.86 2,976 130,526.81
0.73 4578 JP OTSUKA HOLDINGS CO LTD B5LTM93 42.84 3,002 128,614.90
0.68 ARGX BB ARGENX SE BNHKYX4 375.09 318 119,280.18
0.66 8001 JP ITOCHU CORP 6467803 45.35 2,578 116,904.06
0.65 RMS FP HERMES INTERNATIONAL 5253973 2,406.89 48 115,530.94
0.64 6861 JP KEYENCE CORP 6490995 446.73 253 113,023.23
0.61 ABI BB ANHEUSER-BUSCH I BYYHL23 60.05 1,780 106,887.93
0.60 CFR SW CIE FINANCI-REG BCRWZ18 139.45 756 105,427.03
0.59 DG FP VINCI SA B1XH026 117.89 888 104,682.27
0.59 1299 HK AIA GROUP LTD B4TX8S1 7.39 14,165 104,681.76
0.58 4063 JP SHIN-ETSU CHEMICAL CO LTD 6804585 39.37 2,582 101,645.79
0.57 UBSG SW UBS GROUP AG-REG BRJL176 26.46 3,812 100,874.71
0.57 DTE GR DEUTSCHE TELEKOM AG-REG 5842359 22.98 4,346 99,863.71
0.56 RIO LN RIO TINTO PLC 0718875 68.52 1,433 98,185.34
0.55 SAN SM BANCO SANTANDER SA 5705946 4.89 19,964 97,618.10
0.54 8316 JP SMFG 6563024 57.06 1,675 95,583.52
0.52 BNP FP BNP PARIBAS 7309681 72.29 1,267 91,594.44
0.52 IBE SM IBERDROLA SA B288C92 12.31 7,392 90,974.33
0.50 ZURN SW ZURICH INSURANCE GROUP AG 5983816 484.33 183 88,631.74
0.49 UCB BB UCB SA 5596991 133.18 653 86,963.80
0.49 MBG GR MERCEDES-BENZ GROUP AG 5529027 75.85 1,145 86,851.68
0.48 NAB AU NATL AUST BANK 6624608 21.95 3,874 85,026.75
0.47 GLEN LN GLENCORE PLC B4T3BW6 5.86 14,078 82,444.69
0.47 COLOB DC COLOPLAST-B B8FMRX8 121.34 679 82,390.93
0.46 7267 JP HONDA MOTOR CO LTD 6435145 11.51 7,042 81,086.04
0.46 UCG IM UNICREDIT SPA BYMXPS7 36.97 2,192 81,048.90
0.46 ATCOA SS ATLAS COPCO AB-A SHS BLDBN41 17.81 4,525 80,577.56
0.45 BBVA SM BBVA 5501906 10.88 7,283 79,236.69
0.44 8766 JP TOKIO MARINE HOLDINGS INC 6513126 31.72 2,473 78,433.85
0.44 BN FP DANONE B1Y9TB3 62.72 1,234 77,399.61
0.44 ISP IM INTESA SANPAOLO 4076836 3.77 20,500 77,289.01
0.44 CS FP AXA SA 7088429 34.69 2,223 77,108.43
0.43 MUV2 GR MUENCHENER RUE-R 5294121 440.75 172 75,808.52
0.43 WBC AU WESTPAC BANKING CORP 6076146 16.86 4,476 75,452.57
0.42 COH AU COCHLEAR LTD 6211798 211.10 351 74,097.47
0.41 CRH LN CRH PLC 0182704 78.08 938 73,242.53
0.41 RACE IM FERRARI NV BD6G507 414.02 176 72,866.78
0.41 ITX SM INDITEX BP9DL90 45.82 1,584 72,575.09
0.41 9983 JP FAST RETAILING CO LTD 6332439 264.04 274 72,345.82
0.41 PRX NA PROSUS NV BJDS7L3 33.69 2,140 72,101.41
0.41 VOLVB SS VOLVO AB-B SHS B1QH830 25.82 2,780 71,780.17
0.40 7974 JP NINTENDO CO LTD 6639550 49.06 1,449 71,084.93
0.40 INGA NA ING GROEP NV BZ57390 15.89 4,446 70,652.62
0.40 CPG LN COMPASS GROUP PLC BD6K457 27.95 2,520 70,428.61
0.40 4507 JP SHIONOGI & CO LTD 6804682 46.86 1,491 69,867.09
0.39 STLAM IM STELLANTIS NV BMD8KX7 22.33 3,123 69,724.28
0.39 WES AU WESFARMERS LTD 6948836 43.37 1,605 69,609.06
0.39 DHL GR DHL GROUP 4617859 41.98 1,648 69,181.36
0.39 ANZ AU ANZ GROUP HOLDINGS LTD 6065586 18.29 3,721 68,041.14
0.38 4523 JP EISAI CO LTD 6307200 41.32 1,620 66,935.09
0.38 6503 JP MITSUBISHI ELECTRIC CORP 6597045 17.62 3,779 66,591.47
0.37 9984 JP SOFTBANK GROUP CORP 6770620 50.30 1,307 65,738.28
0.37 DBS SP DBS GROUP HOLDINGS LTD 6175203 25.59 2,568 65,718.20
0.37 EXPN LN EXPERIAN PLC B19NLV4 40.62 1,613 65,519.35
0.37 WKL NA WOLTERS KLUWER 5671519 150.50 434 65,316.02
0.36 ENEL IM ENEL SPA 7144569 6.61 9,746 64,411.99
0.35 3382 JP SEVEN & I HOLDINGS CO LTD B0FS5D6 12.96 4,833 62,652.56
0.35 8411 JP MIZUHO FINANCIAL 6591014 19.39 3,222 62,488.76
0.35 NG/ LN NATIONAL GRID PLC BDR05C0 13.12 4,713 61,846.21
0.35 RI FP PERNOD RICARD SA 4682329 151.83 402 61,037.39
0.34 BAS GR BASF SE 5086577 52.56 1,129 59,339.41
0.33 HOLN SW HOLCIM LTD 7110753 84.15 697 58,653.94
0.33 SIKA SW SIKA AG-REG BF2DSG3 287.09 204 58,565.34
0.33 IFX GR INFINEON TECHNOLOGIES AG 5889505 34.99 1,664 58,216.78
0.33 AHT LN ASHTEAD GROUP PLC 0053673 73.15 790 57,788.71
0.32 AD NA KONINKLIJKE AHOL BD0Q398 30.41 1,884 57,291.75
0.32 8053 JP SUMITOMO CORP 6858946 26.40 2,162 57,084.55
0.32 AAL LN ANGLO AMERICAN PLC B1XZS82 32.98 1,720 56,728.15
0.32 INVEB SS INVESTOR AB-B SHS BMV7PQ4 24.81 2,285 56,698.74
0.32 ADS GR ADIDAS AG 4031976 242.08 234 56,646.60
0.31 FPH NZ FISHER & PAYKEL 6340250 16.85 3,263 54,972.25
0.31 OTHER PAYABLE & RECEIVABLES 1.00 54,544 54,543.50
0.31 8002 JP MARUBENI CORP 6569464 17.95 3,034 54,446.77
0.31 LSEG LN LONDON STOCK EX B0SWJX3 110.76 490 54,274.70
0.31 MQG AU MACQUARIE GROUP LTD B28YTC2 121.73 445 54,171.53
0.31 6273 JP SMC CORP 6763965 530.74 102 54,135.54
0.30 HLN LN HALEON PLC BMX86B7 4.25 12,567 53,422.69
0.30 TSCO LN TESCO PLC BLGZ986 3.71 14,389 53,384.68
0.30 6902 JP DENSO CORP 6640381 17.10 3,096 52,952.59
0.30 LLOY LN LLOYDS BANKING GROUP PLC 0870612 0.65 81,051 52,672.04
0.29 NDA SS NORDEA BANK ABP BYZF9J9 11.72 4,421 51,799.00
0.29 9433 JP KDDI CORP 6248990 27.96 1,849 51,698.92
0.29 WOW AU WOOLWORTHS GROUP LTD 6981239 20.71 2,472 51,205.71
0.29 OCBC SP OCBC BANK B0F9V20 10.45 4,894 51,138.04
0.28 HEIA NA HEINEKEN NV 7792559 97.62 515 50,275.87
0.28 6301 JP KOMATSU LTD 6496584 30.22 1,658 50,098.75
0.28 SPOT SPOTIFY TECHNOLOGY SA BFZ1K46 280.44 175 49,077.00
0.27 ENI IM ENI SPA 7145056 16.18 2,990 48,390.92
0.27 388 HK HKEX 6267359 32.17 1,494 48,060.45
0.27 VWS DC VESTAS WIND SYSTEMS A/S BN4MYF5 27.01 1,770 47,806.63
0.27 6954 JP FANUC CORP 6356934 29.40 1,603 47,132.98
0.26 ASSAB SS ASSA ABLOY AB-B BYPC1T4 26.88 1,739 46,739.22
0.26 4661 JP ORIENTAL LAND CO LTD 6648891 27.72 1,664 46,124.41
0.26 ADYEN NA ADYEN NV BZ1HM42 1,208.47 38 45,921.97
0.26 SHL AU SONIC HEALTHCARE LTD 6821120 17.38 2,634 45,787.13
0.26 DB1 GR DEUTSCHE BOERSE AG 7021963 193.70 235 45,518.48
0.26 BMW GR BMW AG 5756029 109.55 414 45,351.73
0.26 DSV DC DSV A/S B1WT5G2 143.05 315 45,059.67
0.25 6594 JP NIDEC CORP 6640682 46.85 952 44,603.92
0.25 BARC LN BARCLAYS PLC 3134865 2.54 17,563 44,576.59
0.25 III LN 3I GROUP PLC B1YW440 36.01 1,232 44,366.38
0.25 6981 JP MURATA MFG CO 6610403 18.45 2,400 44,281.77
0.25 UOB SP UNITED OVERSEAS BANK LTD 6916781 22.29 1,979 44,114.83
0.25 GMG AU GOODMAN GROUP B03FYZ4 20.58 2,124 43,707.51
0.25 WDS AU WOODSIDE ENERGY GROUP LTD BMGT167 18.33 2,364 43,334.88
0.24 GIVN SW GIVAUDAN-REG 5980613 4,302.46 10 43,024.59
0.24 TCL AU TRANSURBAN GROUP 6200882 8.14 5,233 42,611.57
0.24 9022 JP CENTRAL JAPAN RAILWAY CO 6183552 22.98 1,842 42,337.97
0.24 9434 JP SOFTBANK CORP BF5M0K5 12.14 3,482 42,284.51
0.24 CAP FP CAPGEMINI SE 4163437 211.61 199 42,109.53
0.24 ATCOB SS ATLAS COPCO AB-B SHS BLDBN52 15.26 2,732 41,692.25
0.23 DTG GR DAIMLER TRUCK HOLDING AG BP6VLQ4 45.24 907 41,032.87
0.23 6869 JP SYSMEX CORP 6883807 16.10 2,547 41,005.46
0.23 AMS SM AMADEUS IT GROUP SA B3MSM28 63.90 626 40,000.60
0.23 RIO AU RIO TINTO LTD 6220103 84.73 472 39,994.34
0.23 9432 JP NIPPON TELEGRAPH 6641373 1.09 36,717 39,851.71
0.22 4452 JP KAO CORP 6483809 41.46 949 39,349.44
0.22 ENGI FP ENGIE B0C2CQ3 17.40 2,253 39,194.97
0.22 SAND SS SANDVIK AB B1VQ252 20.29 1,888 38,307.35
0.22 EOAN GR E.ON SE 4942904 13.26 2,877 38,145.48
0.21 8267 JP AEON CO LTD 6480048 20.98 1,782 37,391.82
0.20 9020 JP EAST JAPAN RAILWAY CO 6298542 18.38 1,954 35,922.36
0.20 KNEBV FH KONE OYJ-B B09M9D2 48.97 732 35,847.44
0.20 2502 JP ASAHI GROUP HOLDINGS LTD 6054409 34.35 1,033 35,480.35
0.20 FMG AU FORTESCUE LTD 6086253 16.92 2,097 35,471.98
0.20 6702 JP FUJITSU LIMITED 6356945 15.48 2,290 35,441.78
0.20 7751 JP CANON INC 6172323 27.20 1,300 35,357.29
0.20 5108 JP BRIDGESTONE CORP 6132101 44.35 796 35,301.90
0.20 8801 JP MITSUI FUDOSAN CO LTD 6597603 10.25 3,432 35,178.19
0.20 G IM ASSICURAZIONI GENERALI 4056719 24.49 1,432 35,063.89
0.19 KER FP KERING 5505072 352.85 97 34,226.87
0.19 6146 JP DISCO CORP 6270948 291.04 117 34,052.04
0.19 669 HK TECHTRONIC IND B0190C7 13.99 2,432 34,017.90
0.19 STMMI IM STMICROELECTRONICS NV 5962343 40.25 836 33,650.78
0.19 DSY FP DASSAULT SYSTEMES SE BM8H5Y5 39.59 848 33,576.17
0.19 EQNR NO EQUINOR ASA 7133608 27.00 1,225 33,069.24
0.19 6857 JP ADVANTEST CORP 6870490 31.75 1,039 32,986.01
0.18 7269 JP SUZUKI MOTOR CORP 6865504 11.70 2,784 32,569.78
0.18 KBC BB KBC GROUP NV 4497749 74.74 425 31,764.91
0.18 6201 JP TOYOTA INDUSTRIES CORP 6900546 95.51 331 31,613.95
0.18 8802 JP MITSUBISHI ESTATE CO LTD 6596729 18.48 1,693 31,285.51
0.18 8725 JP MS&AD INSURANCE B2Q4CS1 18.09 1,719 31,094.17
0.18 ESSITYB SS ESSITY AKTIEBOLAG-B BF1K7P7 25.02 1,241 31,047.90
0.17 CCEP COCA-COLA EUROPA BYQQ3P5 72.02 427 30,752.54
0.17 VOW3 GR Volkswagen AG 5497168 123.12 249 30,658.07
0.17 8591 JP ORIX CORP 6661144 20.60 1,488 30,646.00
0.17 BEI GR BEIERSDORF AG 5107401 150.28 203 30,507.63
0.17 6723 JP RENESAS ELECTRONICS CORP 6635677 16.70 1,815 30,316.32
0.17 DSFIR NA DSM-FIRMENICH AG BPCPSD6 113.02 267 30,176.43
0.17 6752 JP PANASONIC HOLDINGS CORP 6572707 8.78 3,426 30,087.58
0.17 RWE GR RWE AG 4768962 34.89 854 29,795.90
0.17 8750 JP DAI-ICHI LIFE HO B601QS4 23.19 1,283 29,750.37
0.17 6326 JP KUBOTA CORP 6497509 16.18 1,827 29,553.13
0.17 PRU LN PRUDENTIAL PLC 0709954 8.78 3,319 29,132.63
0.16 COL AU COLES GROUP LTD BYWR0T5 10.53 2,758 29,048.55
0.16 HEXAB SS HEXAGON AB-B SHS BNZFHC1 10.64 2,724 28,975.03
0.16 SSE LN SSE PLC 0790873 20.87 1,355 28,274.76
0.16 5401 JP NIPPON STEEL CORP 6642569 22.50 1,255 28,239.79
0.16 UMG NA UNIVERSAL MUSIC GROUP NV BNZGVV1 29.62 940 27,841.28
0.16 9735 JP SECOM CO LTD 6791591 69.77 395 27,560.77
0.15 SE SEA LTD-ADR BYWD7L4 63.19 431 27,234.89
0.15 KNIN SW KUEHNE & NAGEL-R B142S60 265.71 102 27,102.87
0.15 CABK SM CAIXABANK SA B283W97 5.29 5,096 26,983.09
0.15 HEN3 GR HENKEL AG & CO KGAA 5076705 79.62 336 26,751.24
0.15 SEBA SS SEB AB-A 4813345 13.24 1,998 26,449.71
0.15 8113 JP UNICHARM CORP 6911485 29.85 879 26,236.22
0.15 9101 JP NIPPON YUSEN KK 6643960 28.38 920 26,109.49
0.15 NWG LN NATWEST GROUP PLC BM8PJY7 3.80 6,773 25,739.15
0.15 2413 JP M3 INC B02K2M3 10.75 2,393 25,722.11
0.14 STAN LN STANDARD CHARTERED PLC 0408284 8.64 2,957 25,540.47
0.14 6701 JP NEC CORP 6640400 73.08 342 24,992.85
0.14 8630 JP SOMPO HOLDINGS INC B62G7K6 19.83 1,248 24,743.49
0.14 ABF LN ASSOC BRIT FOODS 0673123 33.26 732 24,344.09
0.14 1 HK CK HUTCHISON HOLDINGS LTD BW9P816 4.89 4,920 24,061.53
0.14 NOKIA FH NOKIA OYJ 5902941 3.65 6,573 23,976.76
0.14 VOD LN VODAFONE GROUP PLC BH4HKS3 0.85 28,184 23,877.51
0.13 2503 JP KIRIN HOLDINGS CO LTD 6493745 14.62 1,625 23,755.68
0.13 CLNX SM CELLNEX TELECOM SA BX90C05 33.20 709 23,539.08
0.13 SAMPO FH SAMPO OYJ-A SHS BMXX645 40.55 573 23,232.96
0.13 BXB AU BRAMBLES LTD B1FJ0C0 9.49 2,446 23,221.12
0.13 1925 JP DAIWA HOUSE INDU 6251363 28.21 806 22,741.02
0.13 4151 JP KYOWA KIRIN CO LTD 6499550 16.83 1,348 22,691.53
0.13 4911 JP SHISEIDO CO LTD 6805265 26.78 847 22,686.78
0.13 1928 JP SEKISUI HOUSE LTD 6793906 23.04 967 22,281.59
0.12 ALFA SS ALFA LAVAL AB 7332687 43.15 506 21,833.44
0.12 6971 JP KYOCERA CORP 6499260 12.28 1,768 21,711.69
0.12 SWEDA SS SWEDBANK AB - A SHARES 4846523 19.35 1,112 21,518.85
0.12 LGEN LN LEGAL & GENERAL GROUP PLC 0560399 2.96 7,189 21,243.93
0.12 ACA FP CREDIT AGRICOLE SA 7262610 15.56 1,359 21,142.87
0.12 6920 JP LASERTEC CORP 6506267 219.87 96 21,107.62
0.12 6762 JP TDK CORP 6869302 45.02 463 20,842.58
0.12 QBE AU QBE INSURANCE GROUP LTD 6715740 11.51 1,793 20,642.79
0.12 8604 JP NOMURA HOLDINGS INC 6643108 5.72 3,578 20,463.25
0.12 EBS AV ERSTE GROUP BANK AG 5289837 46.91 434 20,358.18
0.12 7270 JP SUBARU CORP 6356406 22.44 907 20,357.28
0.12 8830 JP SUMITOMO REALTY 6858902 34.90 580 20,241.86
0.11 6506 JP YASKAWA ELECTRIC CORP 6986041 41.81 484 20,237.79
0.11 ERICB SS ERICSSON LM-B SHS 5959378 5.12 3,927 20,114.61
0.11 JHX AU JAMES HARDIE-CDI B60QWJ2 35.20 567 19,959.14
0.11 CPU AU COMPUTERSHARE LTD 6180412 17.68 1,115 19,715.23
0.11 EPIA SS EPIROC AB-A BMD58R8 18.84 1,045 19,689.14
0.11 STO AU SANTOS LTD 6776703 5.00 3,873 19,365.00
0.11 8309 JP SM TRUST HD 6431897 21.08 916 19,313.62
0.11 DNB NO DNB BANK ASA BNG7113 17.53 1,097 19,227.45
0.11 9104 JP MITSUI OSK LINES LTD 6597584 31.71 600 19,025.83
0.11 1605 JP INPEX CORP B10RB15 15.20 1,239 18,837.15
0.11 7309 JP SHIMANO INC 6804820 164.05 114 18,701.17
0.10 NICE IT NICE LTD 6647133 224.36 82 18,397.25
0.10 8308 JP RESONA HOLDINGS INC 6421553 6.36 2,871 18,262.45
0.10 2 HK CLP HOLDINGS LTD 6097017 7.89 2,300 18,144.27
0.10 16 HK SUN HUNG KAI PROPERTIES 6859927 9.30 1,940 18,045.18
0.10 7832 JP BANDAI NAMCO HOLDINGS INC B0JDQD4 18.82 958 18,031.94
0.10 CHKP CHECK POINT SOFTWARE TECH 2181334 149.42 120 17,930.40
0.10 MOWI NO MOWI ASA B02L486 17.69 1,000 17,694.36
0.10 5020 JP ENEOS Holdings, Inc. B627LW9 4.64 3,781 17,561.29
0.10 7182 JP JAPAN POST BANK CO LTD BYT8165 10.19 1,719 17,516.07
0.10 CASH 1.00 17,482 17,481.61
0.10 5802 JP SUMITOMO ELEC IN 6858708 15.51 1,123 17,419.65
0.10 EBO NZ EBOS GROUP LTD 6160038 20.75 811 16,825.65
0.10 FLEX FLEX LTD 2353058 28.65 587 16,817.55
0.10 7532 JP PAN PACIFIC INTE 6269861 23.68 706 16,716.27
0.09 SUN AU SUNCORP GROUP LTD 6585084 10.79 1,518 16,382.57
0.09 9021 JP WEST JAPAN RAILWAY CO 6957995 19.03 858 16,324.16
0.09 SHBA SS SVENSKA HAN-A BXDZ9Q1 8.76 1,855 16,255.06
0.09 4307 JP NOMURA RESEARCH 6390921 24.37 644 15,694.34
0.09 WIL SP WILMAR INTERNATIONAL LTD B17KC69 2.37 6,612 15,660.32
0.09 9843 JP NITORI HOLDINGS CO LTD 6644800 135.00 112 15,120.52
0.09 HEN GR HENKEL AG & CO KGAA 5002465 71.80 210 15,078.11
0.09 8697 JP JAPAN EXCHANGE GROUP INC 6743882 23.56 640 15,076.29
0.09 6988 JP NITTO DENKO CORP 6641801 83.06 181 15,033.01
0.08 6479 JP MINEBEA MITSUMI INC 6642406 18.95 783 14,835.03
0.08 HMB SS HENNES & MAURITZ AB-B SHS 5687431 16.10 913 14,702.46
0.08 ST SP SINGAPORE TELECO B02PY11 1.75 8,290 14,467.61
0.08 MT NA ARCELORMITTAL BYPBS67 25.22 571 14,402.76
0.08 LUMI IT BANK LEUMI LE-ISRAEL 6076425 7.85 1,816 14,255.73
0.08 2897 JP NISSIN FOODS HOL 6641760 26.72 531 14,189.02
0.08 EDP PL EDP 4103596 3.77 3,739 14,096.76
0.08 2388 HK BOC HONG KONG 6536112 3.09 4,500 13,894.93
0.08 TRN IM TERNA-RETE ELETT B01BN57 8.05 1,692 13,612.28
0.08 S32 AU SOUTH32 LTD BWSW5D9 2.33 5,773 13,457.84
0.08 823 HK LINK REIT B0PB4M7 4.33 3,100 13,416.74
0.08 2267 JP YAKULT HONSHA CO LTD 6985112 19.61 682 13,374.33
0.08 POLI IT BANK HAPOALIM BM 6075808 9.07 1,463 13,272.03
0.08 XRO AU XERO LTD B8P4LP4 79.27 167 13,238.55
0.07 9005 JP TOKYU CORP 6896548 11.87 1,102 13,084.78
0.07 WTC AU WISETECH GLOBAL LTD BZ8GX83 60.25 214 12,894.19
0.07 SCG AU SCENTRE GROUP BLZH0Z7 2.06 6,229 12,862.48
0.07 6383 JP DAIFUKU CO LTD 6250025 20.73 619 12,831.18
0.07 NIBEB SS NIBE INDUSTRIER AB-B SHS BN7BZM3 4.70 2,721 12,791.99
0.07 9613 JP NTT DATA GROUP CORP 6125639 15.72 811 12,750.07
0.07 ORSTED DC ORSTED A/S BYT16L4 55.29 230 12,717.78
0.07 5411 JP JFE HOLDINGS INC 6543792 15.00 830 12,452.77
0.07 GRAB GRAB HOLDINGS LTD - CL A BP6NH40 3.50 3,498 12,243.00
0.07 KOG NO KONGSBERG GRUPPEN ASA 5208241 70.98 172 12,207.89
0.07 CYBR CYBERARK SOFTWAR BQT3XY6 239.25 51 12,201.75
0.07 11 HK HANG SENG BANK LTD 6408374 13.28 912 12,115.38
0.07 3407 JP ASAHI KASEI CORP 6054603 6.99 1,723 12,049.45
0.07 9502 JP CHUBU ELEC POWER 6195609 12.87 923 11,877.32
0.07 9042 JP HANKYU HANSHIN H 6408664 26.27 450 11,821.56
0.07 P911 GR Dr Ing hc F Porsche AG BJN59B8 89.50 132 11,813.56
0.07 EQT SS EQT AB BJ7W9K4 27.54 427 11,760.50
0.07 TLS AU TELSTRA GROUP LTD 6087289 2.38 4,934 11,758.30
0.07 NESTE FH NESTE OYJ B06YV46 22.82 513 11,705.59
0.07 MAERSKB DC AP MOLLER-MAERSK A/S-B 4253048 1,460.86 8 11,686.87
0.07 5713 JP SUMITOMO MET MIN 6858849 33.77 344 11,616.41
0.07 KEP SP KEPPEL LTD B1VQ5C0 5.04 2,300 11,603.30
0.07 CPR IM DAVIDE CAMPARI-MILANO NV BMQ5W17 10.07 1,136 11,442.23
0.07 SRG IM SNAM SPA 7251470 4.60 2,487 11,440.05
0.07 9532 JP OSAKA GAS CO LTD 6661768 22.24 514 11,432.02
0.06 ORK NO ORKLA ASA B1VQF42 6.84 1,662 11,376.01
0.06 7201 JP NISSAN MOTOR CO LTD 6642860 3.70 3,054 11,289.12
0.06 EPIB SS EPIROC AB-B BMD58W3 16.82 661 11,117.14
0.06 SCAB SS SVENSKA CELL-B B1VVGZ5 14.76 752 11,102.65
0.06 SIA SP SINGAPORE AIRLINES LTD 6811734 4.80 2,263 10,852.44
0.06 1113 HK CK ASSET HOLDINGS LTD BYZQ077 4.30 2,500 10,756.02
0.06 9531 JP TOKYO GAS CO LTD 6895448 22.49 474 10,659.84
0.06 7202 JP ISUZU MOTORS LTD 6467104 12.71 830 10,546.09
0.06 NHY NO NORSK HYDRO ASA B11HK39 6.22 1,687 10,496.00
0.06 BT/A LN BT GROUP PLC 3091357 1.28 7,882 10,126.01
0.06 4684 JP OBIC CO LTD 6136749 129.38 77 9,962.32
0.06 4755 JP RAKUTEN GROUP INC 6229597 4.85 2,031 9,853.96
0.06 AIA NZ AUCKLAND INTL AIRPORT LTD BKX3XG2 4.65 2,090 9,708.56
0.06 3 HK HONG KONG & CHINA GAS 6436557 0.76 12,710 9,701.67
0.06 4188 JP MITSUBISHI CHEMI B0JQTJ0 5.86 1,653 9,679.66
0.06 9143 JP SG HOLDINGS CO LTD BFFY885 11.72 824 9,658.23
0.05 66 HK MTR CORP 6290054 3.31 2,900 9,584.85
0.05 TEN IM TENARIS SA BMHVLR3 16.76 567 9,503.25
0.05 ASX AU ASX LTD 6129222 41.31 230 9,500.19
0.05 3402 JP TORAY INDUSTRIES INC 6897143 4.59 2,061 9,458.61
0.05 2587 JP SUNTORY FOOD BEV BBD7Q84 32.57 289 9,413.87
0.05 SALM NO SALMAR ASA B1W5NW2 63.35 146 9,248.48
0.05 GBLB BB GROUPE BRUX LAMB 7097328 74.69 122 9,111.88
0.05 TEL NO TELENOR ASA 4732495 11.55 770 8,893.05
0.05 8593 JP MITSUBISHI HC CAPITAL INC 6268976 6.50 1,350 8,780.38
0.05 VER AV VERBUND AG 4661607 76.56 114 8,727.69
0.05 7259 JP AISIN CORP 6010702 38.08 228 8,683.02
0.05 VOLVA SS VOLVO AB-A SHS B1QH7Y4 26.68 324 8,643.23
0.05 AKRBP NO AKER BP ASA B1L95G3 24.56 351 8,621.16
0.05 3659 JP NEXON CO LTD B63QM77 15.71 548 8,606.63
0.05 IFT NZ INFRATIL LTD 6459286 6.46 1,325 8,562.05
0.05 4091 JP NIPPON SANSO HOLDINGS 6640541 29.90 282 8,431.42
0.05 6645 JP OMRON CORP 6659428 34.70 242 8,396.53
0.05 OMV AV OMV AG 4651459 47.77 173 8,264.96
0.05 WIX WIX.COM LTD BFZCHN7 118.87 69 8,202.03
0.05 EURO 1.07 7,664 8,194.67
0.05 4612 JP NIPPON PAINT HOL 6640507 6.45 1,268 8,182.59
0.05 STE SP SINGAP TECH ENG 6043214 2.96 2,728 8,061.48
0.05 4324 JP DENTSU GROUP INC 6416281 27.13 295 8,002.76
0.05 9697 JP CAPCOM CO LTD 6173694 16.66 480 7,996.19
0.05 CICT SP CAPITALAND INTEG 6420129 1.44 5,534 7,953.54
0.04 BMW3 GR Bayerische Motoren Werke 5756030 103.18 76 7,841.92
0.04 8951 JP NIPPON BUILDING FUND INC 6396800 3,831.86 2 7,663.71
0.04 4689 JP LY CORP 6084848 2.43 3,132 7,624.75
0.04 DSCT IT ISRAEL DISCOUNT BANK-A 6451271 5.17 1,463 7,557.14
0.04 INDUA SS INDUSTRIVARDEN AB-A SHS B1VSK10 32.54 227 7,387.49
0.04 INDUC SS INDUSTRIVARDEN AB-C SHS B1VSK54 32.52 221 7,186.19
0.04 9766 JP KONAMI GROUP CORPORATION 6496681 60.71 116 7,042.63
0.04 3038 JP KOBE BUSSAN CO LTD B14RJB7 21.76 320 6,964.70
0.04 TELIA SS TELIA CO AB 5978384 2.30 3,001 6,906.52
0.04 6963 JP ROHM CO LTD 6747204 14.58 464 6,765.47
0.04 REA AU REA GROUP LTD 6198578 116.65 57 6,649.01
0.04 SPK NZ SPARK NEW ZEALAND LTD 6881436 2.82 2,270 6,407.42
0.04 MZTF IT MIZRAHI TEFAHOT BANK LTD 6916703 36.62 171 6,262.83
0.04 1997 HK WHARF REAL ESTAT BF0GWS4 3.13 2,000 6,252.24
0.04 MNDY MONDAY.COM LTD BMHRYX8 189.33 33 6,247.89
0.04 NVMI IT NOVA LTD 6534161 173.43 36 6,243.30
0.04 ANDR AV ANDRITZ AG B1WVF68 54.96 112 6,155.49
0.03 9202 JP ANA HOLDINGS INC 6014908 19.06 316 6,024.21
0.03 INMD INMODE LTD BK5Z9R9 17.19 342 5,878.98
0.03 LATOB SS LATOUR INV-B BZ404X1 24.55 239 5,868.36
0.03 YAR NO YARA INTERNATIONAL ASA 7751259 28.67 203 5,820.09
0.03 9602 JP TOHO CO LTD 6895200 33.59 173 5,811.19
0.03 MAERSKA DC AP MOLLER-MAERSK A/S-A 4253059 1,427.89 4 5,711.54
0.03 CLI SP CAPITALAND INVES BNHXFJ6 1.95 2,829 5,517.98
0.03 VOW GR VOLKSWAGEN AG 5497102 142.00 38 5,395.89
0.03 1876 HK BUDWEISER BREWIN BKDXJH5 1.41 3,800 5,344.45
0.03 FROG JFROG LTD BMX6JW3 39.88 134 5,343.92
0.03 NTGY SM NATURGY ENERGY GROUP SA 5650422 25.36 210 5,326.18
0.03 MEL NZ MERIDIAN ENERGY LTD BWFD052 3.55 1,473 5,229.90
0.03 12 HK HENDERSON LAND D 6420538 3.04 1,700 5,173.12
0.03 1913 HK PRADA S.P.A. B4PFFW4 8.22 600 4,932.75
0.03 EDPR PL EDP RENOVAVEIS SA B39GNW2 13.76 354 4,871.51
0.03 LUNDB SS LUNDBERGS AB-B SHS 4538002 49.93 92 4,593.34
0.03 1038 HK CKI HOLDINGS BYVS6J1 5.66 800 4,531.27
0.03 VOE AV VOESTALPINE AG 4943402 26.86 165 4,431.85
0.03 TSEM IT TOWER SEMICONDUCTOR LTD 6320605 32.74 135 4,419.89
0.02 1929 HK CHOW TAI FOOK JE B4R39F7 1.38 3,100 4,264.82
0.02 4716 JP ORACLE CORP JAPAN 6141680 75.59 55 4,157.37
0.02 JCNC SP JARDINE CYCLE & 6242260 19.43 200 3,886.34
0.02 GJF NO GJENSIDIGE FORSIKRING ASA B4PH0C5 16.14 230 3,711.44
0.02 9201 JP JAPAN AIRLINES CO LTD B8BRV46 17.79 205 3,646.92
0.02 GLBE GLOBAL-E ONLINE LTD BN770J3 33.53 104 3,487.12
0.02 RBI AV RAIFFEISEN BANK B0704T9 18.58 171 3,177.81
0.02 CDI FP CHRISTIAN DIOR SE 4061393 781.09 4 3,124.37
0.02 AUTO NO AUTOSTORE HOLDINGS LTD BN49G27 1.44 2,052 2,964.74
0.02 MCY NZ MERCURY NZ LTD B8W6K56 3.78 760 2,869.28
0.02 BEZQ IT BEZEQ THE ISRAEL 6098032 1.21 2,362 2,855.85
0.01 FIBI IT FIRST INTL BANK ISRAEL 6123815 39.95 60 2,396.82
0.01 STRS IT STRAUSS GROUP LTD 6304115 18.43 113 2,082.92
0.01 AZRG IT AZRIELI GROUP LTD B5MN1W0 64.86 32 2,075.63
0.01 MLSR IT MELISRON 6565310 68.91 30 2,067.27
0.01 VOLCARB SS VOLVO CAR AB-B BRS7SK7 3.18 637 2,027.21
0.01 HLAG GR HAPAG-LLOYD AG BYZTSW7 184.45 10 1,844.47
0.01 TKA AV TELEKOM AUSTRIA AG 4635088 8.61 173 1,489.10
0.01 ARPT IT AIRPORT CITY LTD B0Z7M21 15.50 95 1,472.17
0.01 BIG IT BIG SHOPPING CEN B1KZR22 103.58 14 1,450.09
0.01 MVNE IT MIVNE REAL ESTATE KD LTD 6416980 2.42 592 1,431.45
0.01 PHOE IT PHOENIX HOLDINGS LTD/THE 6460590 9.62 141 1,356.56
0.01 VAR NO VAR ENERGI ASA BPLF0Y2 3.29 381 1,251.63
0.01 ILCO IT ISRAEL CORP LIMITED/THE 6889678 239.95 5 1,199.75
0.01 SPEN IT SHAPIR ENGINEERI BTF8CZ0 5.49 209 1,146.79
0.01 AMOT IT AMOT INVESTMENTS LTD B18MCB9 4.22 260 1,097.83
0.01 DLEKG IT DELEK GROUP LTD 6219640 118.69 8 949.51
0.01 STR AV STRABAG SE-BR B28DT41 42.66 21 895.93
0.01 SVITZR DC SVITZER A/S BPXW7F1 33.67 24 808.05
0.00 SHBB SS SVENSKA HAN-B BXDZ9V6 10.82 55 595.30
0.00 EVN AV EVN AG 4295374 30.85 16 493.57
0.00 UN0 GR UNIPER SE BPDXXJ0 56.12 4 224.46
0.00 SEBC SS SEB AB-C 4812740 13.38 4 53.50
0.00 CURRENCY CONTRACT - USD 0.00 -39,157 30.82
0.00 CURRENCY CONTRACT - USD 0.00 -2,826 5.19
0.00 CURRENCY CONTRACT - USD 0.00 -1,855 4.90
0.00 CURRENCY CONTRACT - USD 0.00 -2,519 4.63
0.00 CURRENCY CONTRACT - USD 0.00 -622 1.64
0.00 CURRENCY CONTRACT - HKD 0.00 13,021 1.06
0.00 CURRENCY CONTRACT - USD 0.00 -1,363 0.67
0.00 SWEDISH KRONE 0.00 0 0.00
0.00 AUSTRALIAN DOLLAR 1.00 0 -0.01
0.00 ISRAELI SHEKEL 0.50 0 -0.01
0.00 NEW ZEALAND DOLLAR 0.50 0 -0.01
0.00 JAPANESE YEN 0.01 -8 -0.05
0.00 NORWEGIAN KRONE 0.09 -16 -1.42
0.00 CURRENCY CONTRACT - EUR 0.00 1,372 -4.33
0.00 CURRENCY CONTRACT - EUR 0.00 1,395 -4.39
0.00 CURRENCY CONTRACT - EUR 0.00 1,473 -4.64
0.00 CURRENCY CONTRACT - EUR 0.00 1,484 -4.68
0.00 CURRENCY CONTRACT - EUR 0.00 1,554 -4.89
0.00 CURRENCY CONTRACT - SGD 0.00 2,432 -5.18
0.00 CURRENCY CONTRACT - EUR 0.00 1,658 -5.22
0.00 CURRENCY CONTRACT - EUR 0.00 1,696 -5.35
0.00 CURRENCY CONTRACT - EUR 0.00 2,023 -6.38
0.00 CURRENCY CONTRACT - SGD 0.00 3,053 -6.51
0.00 CURRENCY CONTRACT - SEK 0.00 15,310 -7.55
0.00 CURRENCY CONTRACT - SEK 0.00 16,631 -8.20
0.00 CURRENCY CONTRACT - SEK 0.00 17,481 -8.62
0.00 CURRENCY CONTRACT - SEK 0.00 17,673 -8.71
CURRENCY CONTRACT - EUR 0.00 -1,579
CURRENCY CONTRACT - EUR 0.00 -1,778
CURRENCY CONTRACT - EUR 0.00 -2,169
CURRENCY CONTRACT - EUR 0.00 -1,667
CURRENCY CONTRACT - EUR 0.00 -1,819
CURRENCY CONTRACT - EUR 0.00 -1,592
CURRENCY CONTRACT - EUR 0.00 -1,471
CURRENCY CONTRACT - EUR 0.00 -1,495
CURRENCY CONTRACT - HKD 0.00 -1,664
CURRENCY CONTRACT - SEK 0.00 -1,523
CURRENCY CONTRACT - SEK 0.00 -1,402
CURRENCY CONTRACT - SEK 0.00 -1,601
CURRENCY CONTRACT - SEK 0.00 -1,619
CURRENCY CONTRACT - SGD 0.00 -1,789
CURRENCY CONTRACT - SGD 0.00 -2,245
CURRENCY CONTRACT - USD 0.00 3,567
CURRENCY CONTRACT - USD 0.00 666
CURRENCY CONTRACT - USD 0.00 2,698
CURRENCY CONTRACT - USD 0.00 3,027
CURRENCY CONTRACT - USD 0.00 1,989
CURRENCY CONTRACT - USD 0.00 125
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 03/31/24

Sector Weight (%)
Financials 19.1
Industrials 14.8
Consumer Discretionary 14.7
Health Care 12.1
Information Technology 10.7
Consumer Staples 9.1
Materials 6.9
Energy 4.7
Communication Services 3.8
Utilities 2.8
Real Estate 1.4

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Major Banks 10.7
Medical Specialties 7.0
Motor Vehicles 5.5
Industrial Machinery 4.9
Integrated Oil 4.0
Household/Personal Care 3.7
Apparel/Footwear 3.5
Multi-Line Insurance 3.1
Biotechnology 2.8
Packaged Software 2.7
Other Metals/Minerals 2.7
Other 49.4

Source: new windowAltaVista Research, LLC

Country Weight (%)
Japan 28.4
France 12.0
Britain 11.6
Australia 9.9
Germany 6.9
Netherlands 5.7
Switzerland 5.6
Sweden 3.5
Spain 2.5
Italy 2.3
Hong Kong 1.8
Other 9.8

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 04/30/24

Return on Equity 12.20%
Weighted Avg. Market Cap 88,540 M
2023 2024
Price-to-earnings 14.84 14.30
Price-to-book value 1.81 1.69

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 04/30/24

Versus Beta
S&P 500 0.91
NASDAQ-100 0.63
MSCI EAFE 1.06
MSCI Emg. Mkts 0.86
Standard Deviation 18.40%

Source: new windowAltaVista Research, LLC

ETF Documents

Investing involves risk, including the possible loss of principal. CEFA’s consideration of the Guidelines in its investment process may result in choices not to purchase, or sell, otherwise profitable investments in companies that have been identified as being in conflict with the Guidelines. This means that the Fund may underperform other similar funds that do not consider the Guidelines when making investment decisions.

In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Beginning October 15, 2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share. Prior to October 15, 2020, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Since the Fund’s shares did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in Shares, the NAV of the Fund is used to calculate market returns.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Standard & Poors, nor does Standard & Poors make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with Standard & Poors.

CEFA is not authorized or sponsored by the Roman Catholic Church and the United States Conference of Catholic Bishops has not endorsed Global X, its investment management activities and/or the Fund.