ARGT


MSCI Argentina ETF

Reasons to Consider ARGT

Long-Term Growth Potential

Argentina ranks second among Latin American countries in Human Development Index (HDI), demonstrating a commitment to health care, education and other services favorable to long-term prosperity.1

Targeted Exposure

The ETF targets exposure to a single country.

Efficient Access

ARGT delivers efficient access to a broad basket of Argentine securities.

1Human Development Report, Sep 2022

Key Information As of 02/28/24

Inception Date 03/02/11
Total Expense Ratio 0.59%
Net Assets $171.22 million
NAV $49.27
Fact Sheet View the document

ETF Summary

The Global X MSCI Argentina ETF (ARGT) invests in among the largest and most liquid securities with exposure to Argentina.

ETF Objective

The Global X MSCI Argentina ETF (ARGT) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Argentina 25/50 Index.

Trading Details As of 02/27/24

Ticker ARGT
Bloomberg Index Ticker M1AAR5R
CUSIP 37950E259
ISIN US37950E2596
Primary Exchange NYSE Arca
Shares Outstanding 3,474,975
Number of Holdings 25
30-Day Median Bid-Ask Spread 0.46%

Distributions As of 02/28/24

30-Day SEC Yield 1.60%
Distribution Frequency Semi-Annually

ETF Prices As of 02/28/24

NAV $49.27 Daily Change -$0.36 -0.73%
Market Price $49.17 Daily Change -$0.38 -0.77%

Performance History

As of recent
(12/31/23)
As of recent
(12/31/23)
Fund NAV Market Price Index
1 Year 52.50% 53.66% 53.09%
3 Years 21.09% 21.28% 21.59%
5 Years 18.39% 18.53% 18.89%
10 Years 11.29% 11.24% 11.77%
Since Inception 5.50% 5.51% 6.07%
1 Year 31.71% 31.10% 32.20%
3 Years 24.30% 24.21% 24.80%
5 Years 14.98% 14.94% 15.45%
10 Years 12.90% 12.87% 13.38%
Since Inception 5.66% 5.64% 6.23%
Year-to-Date 52.50% 53.66% 53.09%
1 Month 2.81% 2.70% 2.81%
3 Months 25.19% 25.64% 25.37%
Since Inception 98.94% 99.23% 113.25%
Year-to-Date 2.38% 2.05% 2.40%
1 Month 2.38% 2.05% 2.40%
3 Months 38.23% 37.68% 38.41%
Since Inception 103.68% 103.30% 118.36%

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 02/28/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
22.59 MELI MERCADOLIBRE INC B23X1H3 1,579.49 24,492 38,684,869.08
7.64 GGAL GRUPO GALICI-ADR 2613570 21.74 601,790 13,082,914.60
7.58 YPF YPF S.A.-SPONSORED ADR 2985945 17.07 760,361 12,979,362.27
6.40 BMA BANCO MACRO SA-ADR B0Y62M9 36.69 298,517 10,952,588.73
4.99 PAM PAMPA ENERGIA SA-SPON ADR B41HK52 41.57 205,478 8,541,720.46
4.57 FIL CN FILO CORP BMDHMH2 16.02 488,259 7,820,637.65
4.46 ARCO ARCOS DORADOS-A B529PQ0 12.01 635,414 7,631,322.14
4.06 ANDINAB CI Embotelladora Andina SA 2311454 2.48 2,802,412 6,950,900.93
3.90 TGS TRANSPORT GA-ADR 2902944 13.13 508,267 6,673,545.71
3.68 AGRO ADECOAGRO SA B65BNQ6 9.98 631,428 6,301,651.44
3.59 CENCOSUD CI CENCOSUD SA B00R3L2 1.74 3,526,025 6,141,743.11
3.43 CEPU CENTRAL PUERTO-A BDVP1Y5 8.01 732,320 5,865,883.20
3.13 CCU CI CIA CERVECERIAS UNIDAS SA 2196189 5.78 926,417 5,357,171.62
2.77 TEO TELECOM ARGE-ADR 2878829 7.22 655,934 4,735,843.48
2.07 DESP DESPEGAR.COM CORP BDFS4G3 8.51 417,248 3,550,780.48
2.07 CAAP CORP AMERICA AIRPORTS SA BD45SN0 14.58 242,571 3,536,685.18
2.06 LAAC CN LITHIUM AMERICAS BRBS2X8 4.75 744,427 3,533,785.34
1.90 BBAR BBVA ARGENTINA SA-ADR BKT4TC7 6.13 530,328 3,250,910.64
1.51 EDN EMP DISTRIB-ADR B1W9D79 16.89 153,462 2,591,973.18
1.47 LOMA LOMA NEGRA C-ADR BYP6YP3 6.40 393,148 2,516,147.20
1.46 BIOX BIOCERES CROP SO BJT1RX8 13.37 187,298 2,504,174.26
1.44 SSRM CN SSR MINING INC BF7MPL9 4.29 573,945 2,462,211.99
1.10 CRESY CRESUD S.A.-SPONS ADR 2226893 7.77 241,901 1,879,570.77
1.05 SUPV GRUPO SV-SP ADR BYZJRN1 4.08 440,804 1,798,480.32
0.99 IRS IRSA -SP ADR BMCZR16 7.74 218,053 1,687,730.22
0.15 CASH 1.00 261,679 261,678.90
0.00 CANADIAN DOLLAR 0.74 329 242.87
0.00 CHILEAN PESO 0.00 -2 0.00
-0.04 OTHER PAYABLE & RECEIVABLES 1.00 -69,790 -69,789.94
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 01/31/24

Sector Weight (%)
Consumer Discretionary 30.0
Financials 15.6
Consumer Staples 13.8
Materials 11.4
Energy 11.2
Utilities 10.8
Communication Services 2.8
Real Estate 2.3
Industrials 2.2

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Internet Software/Services 23.9
Regional Banks 14.7
Electric Utilities 11.0
Integrated Oil 7.2
Precious Metals 7.1
Restaurants 4.5
Oil Refining/Marketing 4.2
Beverages: Non-Alcoholic 3.8
Agricultural Commodities/Milling 3.7
Specialty Stores 3.5
Beverages: Alcoholic 3.1
Other 13.3

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 02/27/24

Return on Equity 13.20%
Weighted Avg. Market Cap 23,926 M
2023 2024
Price-to-earnings 13.32 12.36
Price-to-book value 1.71 1.57

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 01/31/24

Versus Beta
S&P 500 1.31
NASDAQ-100 0.92
MSCI EAFE 1.42
MSCI Emg. Mkts 1.10
Standard Deviation 33.60%

Source: new windowAltaVista Research, LLC

ETF Research

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Investing involves risk, including the possible loss of principal. 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. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country may be subject to higher volatility. ARGT is non-diversified.

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.

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 MSCI, nor does MSCI 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 MSCI.