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 07/01/22

Inception Date 06/22/20
Total Expense Ratio 0.35%
Net Assets $5.56 million
NAV $24.20
Fact Sheet

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 07/01/22

Ticker CEFA
Bloomberg Index Ticker SPEKCVUN
CUSIP 37954Y368
ISIN US37954Y3687
Primary Exchange Nasdaq
Shares Outstanding 230,000
Number of Holdings 467
30-Day Median Bid-Ask Spread 0.55%

Distributions As of 07/01/22

30-Day SEC Yield 2.74%
Distribution Frequency Semi-Annually

ETF Prices As of 07/01/22

NAV $24.20 Daily Change -$0.20 -0.82%
Market Price $24.53 Daily Change $0.04 0.14%

Performance History

As of recent
(03/31/22)
As of recent
(03/31/22)
Fund NAV Market Price Index
1 Year -2.14% -3.84% -1.87%
Since Inception 12.12% 11.22% 12.51%
1 Year -14.04% -14.35% -13.84%
Since Inception 7.09% 6.99% 7.42%
Year-to-Date -7.49% -8.55% -7.46%
1 Month 0.41% -0.62% 0.38%
3 Months -7.49% -8.55% -7.46%
Since Inception 22.48% 20.74% 23.24%
Year-to-Date -13.75% -13.66% -13.74%
1 Month 0.74% 1.94% 0.77%
3 Months -6.39% -6.17% -6.43%
Since Inception 14.19% 13.99% 14.88%

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 of the Fund, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of 07/01/22

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
3.48 CSL AU CSL LTD 6185495 182.31 1,063 193,794.26
1.79 7203 JP TOYOTA MOTOR CORP 6900643 15.30 6,518 99,712.88
1.63 SHEL LN SHELL PLC BP6MXD8 25.46 3,552 90,447.11
1.55 ASML NA ASML HOLDING NV B929F46 448.14 193 86,490.20
1.55 DGE LN DIAGEO PLC 0237400 42.11 2,052 86,408.43
1.47 MC FP LVMH MOET HENNE 4061412 602.71 136 81,968.58
1.38 ALC SW ALCON INC BJT1GR5 69.99 1,098 76,851.45
1.27 OR FP L'OREAL 4057808 342.30 207 70,855.64
1.21 7741 JP HOYA CORP 6441506 85.93 782 67,194.76
1.19 BHP AU BHP GROUP LTD 6144690 27.12 2,432 65,955.39
1.12 HSBA LN HSBC HOLDINGS PLC 0540528 6.42 9,676 62,078.81
1.08 1299 HK AIA GROUP LTD B4TX8S1 10.84 5,565 60,317.61
1.06 TTE FP TOTALENERGIES SE B15C557 52.11 1,135 59,148.98
0.90 4543 JP TERUMO CORP 6885074 29.70 1,691 50,223.76
0.87 CBA AU COMMONW BK AUSTR 6215035 61.42 791 48,581.17
0.84 SAP GR SAP SE 4846288 90.09 516 46,488.90
0.80 SIE GR SIEMENS AG-REG 5727973 99.76 447 44,592.24
0.78 4578 JP OTSUKA HOLDINGS CO LTD B5LTM93 35.30 1,227 43,308.02
0.77 BP/ LN BP PLC 0798059 4.62 9,326 43,049.97
0.75 ABI BB ANHEUSER-BUSCH I BYYHL23 54.33 769 41,777.50
0.74 PHIA NA KONINKLIJKE PHILIPS NV 5986622 20.97 1,969 41,290.24
0.66 SU FP SCHNEIDER ELECTRIC SE 4834108 115.62 317 36,650.41
0.64 ALV GR ALLIANZ SE-REG 5231485 189.13 189 35,744.87
0.59 AI FP AIR LIQUIDE SA B1YXBJ7 131.91 249 32,845.69
0.59 RI FP PERNOD RICARD SA 4682329 182.11 180 32,780.16
0.58 BN FP DANONE B1Y9TB3 55.39 587 32,512.16
0.57 DTE GR DEUTSCHE TELEKOM AG-REG 5842359 19.97 1,597 31,889.55
0.57 8306 JP MITSUBISHI UFJ F 6335171 5.39 5,840 31,465.94
0.56 ZURN SW ZURICH INSURANCE GROUP AG 5983816 435.92 72 31,386.24
0.56 SHL GR SIEMENS HEALTHINEERS AG BD594Y4 50.01 626 31,309.11
0.56 6861 JP KEYENCE CORP 6490995 337.56 92 31,055.92
0.55 COLOB DC COLOPLAST-B B8FMRX8 115.46 263 30,364.87
0.54 RIO LN RIO TINTO PLC 0718875 58.04 522 30,297.24
0.54 PRX NA PROSUS NV BJDS7L3 67.12 450 30,203.57
0.53 BNTX BIONTECH SE-ADR BK6H543 157.50 186 29,295.00
0.53 REL LN RELX PLC B2B0DG9 26.53 1,103 29,265.02
0.53 388 HK HKEX 6267359 49.19 594 29,219.88
0.52 IBE SM IBERDROLA SA B288C92 10.74 2,683 28,828.48
0.52 4507 JP SHIONOGI & CO LTD 6804682 49.84 576 28,707.28
0.52 NAB AU NATL AUST BANK 6624608 18.63 1,541 28,706.31
0.51 CFR SW CIE FINANCI-REG BCRWZ18 104.07 270 28,100.18
0.50 3382 JP SEVEN & I HOLDINGS CO LTD B0FS5D6 38.87 716 27,831.34
0.49 SN/ LN SMITH & NEPHEW PLC 0922320 13.81 1,962 27,099.84
0.49 UBSG SW UBS GROUP AG-REG BRJL176 15.87 1,702 27,016.43
0.49 2413 JP M3 INC B02K2M3 28.02 964 27,011.83
0.48 GLEN LN GLENCORE PLC B4T3BW6 5.12 5,198 26,606.25
0.47 6098 JP RECRUIT HOLDINGS CO LTD BQRRZ00 28.72 911 26,160.53
0.47 6367 JP DAIKIN INDUSTRIES LTD 6250724 160.31 163 26,130.19
0.47 ABBN SW ABB LTD-REG 7108899 26.21 993 26,029.85
0.47 WOW AU WOOLWORTHS GROUP LTD 6981239 24.19 1,070 25,888.15
0.46 DG FP VINCI SA B1XH026 89.21 287 25,603.70
0.46 BNP FP BNP PARIBAS 7309681 47.08 540 25,425.43
0.44 MBG GR MERCEDES-BENZ GROUP AG 5529027 57.15 432 24,690.33
0.44 9433 JP KDDI CORP 6248990 31.92 758 24,196.08
0.43 AD NA KONINKLIJKE AHOL BD0Q398 26.14 923 24,127.18
0.43 UCB BB UCB SA 5596991 85.83 280 24,033.59
0.43 8035 JP TOKYO ELECTRON LTD 6895675 315.73 76 23,995.56
0.43 NG/ LN NATIONAL GRID PLC BDR05C0 12.87 1,855 23,873.70
0.43 SHL AU SONIC HEALTHCARE LTD 6821120 22.31 1,063 23,710.52
0.42 EL FP ESSILORLUXOTTICA 7212477 149.48 157 23,468.75
0.40 7974 JP NINTENDO CO LTD 6639550 424.53 53 22,499.94
0.40 9984 JP SOFTBANK GROUP CORP 6770620 37.98 587 22,291.36
0.40 WBC AU WESTPAC BANKING CORP 6076146 13.15 1,690 22,223.89
0.40 SAN SM BANCO SANTANDER SA 5705946 2.79 7,936 22,134.24
0.39 ADYEN NA ADYEN NV BZ1HM42 1,457.93 15 21,869.02
0.39 FME GR FRESENIUS MEDICA 5129074 49.44 441 21,804.37
0.39 4063 JP SHIN-ETSU CHEMICAL CO LTD 6804585 114.05 191 21,783.74
0.39 8001 JP ITOCHU CORP 6467803 27.33 790 21,592.50
0.39 AAL LN ANGLO AMERICAN PLC B1XZS82 33.87 633 21,441.98
0.38 CS FP AXA SA 7088429 22.58 930 20,995.35
0.37 TSCO LN TESCO PLC BLGZ986 3.06 6,796 20,789.01
0.37 6869 JP SYSMEX CORP 6883807 60.50 342 20,689.84
0.37 ENEL IM ENEL SPA 7144569 5.52 3,702 20,438.86
0.36 DPW GR DEUTSCHE POST AG-REG 4617859 37.25 539 20,079.76
0.36 8766 JP TOKIO MARINE HOLDINGS INC 6513126 58.17 345 20,067.02
0.36 RMS FP HERMES INTERNATIONAL 5253973 1,107.22 18 19,929.96
0.35 VOD LN VODAFONE GROUP PLC BH4HKS3 1.53 12,893 19,713.70
0.35 COH AU COCHLEAR LTD 6211798 135.18 145 19,600.99
0.35 HEIA NA HEINEKEN NV 7792559 91.97 211 19,404.67
0.35 7267 JP HONDA MOTOR CO LTD 6435145 23.63 816 19,283.48
0.34 ANZ AU AUST AND NZ BANKING GROUP 6065586 14.90 1,273 18,964.23
0.34 CPG LN COMPASS GROUP PLC BD6K457 20.75 913 18,940.68
0.34 IMB LN IMPERIAL BRANDS PLC 0454492 22.04 856 18,862.93
0.33 8031 JP MITSUI & CO LTD 6597302 20.94 886 18,554.10
0.33 BAS GR BASF SE 5086577 42.89 432 18,526.73
0.33 INGA NA ING GROEP NV BZ57390 9.81 1,879 18,424.48
0.33 6594 JP NIDEC CORP 6640682 60.39 304 18,357.22
0.33 MQG AU MACQUARIE GROUP LTD B28YTC2 111.21 164 18,239.25
0.33 KER FP KERING 5505072 506.33 36 18,227.82
0.33 WDS AU WOODSIDE ENERGY GROUP LTD BMGT167 20.62 878 18,105.50
0.31 8316 JP SMFG 6563024 29.72 584 17,353.81
0.31 6981 JP MURATA MFG CO 6610403 53.17 326 17,333.26
0.31 6954 JP FANUC CORP 6356934 155.83 110 17,141.32
0.31 EQNR NO EQUINOR ASA 7133608 33.07 515 17,031.02
0.30 DBS SP DBS GROUP HOLDINGS LTD 6175203 21.08 798 16,824.32
0.30 4452 JP KAO CORP 6483809 40.03 417 16,690.49
0.30 SIKA SW SIKA AG-REG BF2DSG3 229.02 72 16,489.18
0.30 4661 JP ORIENTAL LAND CO LTD 6648891 135.96 121 16,450.95
0.30 LLOY LN LLOYDS BANKING GROUP PLC 0870612 0.51 32,241 16,415.64
0.29 WES AU WESFARMERS LTD 6948836 28.54 573 16,354.47
0.29 TCL AU TRANSURBAN GROUP 6200882 9.82 1,646 16,161.51
0.29 DSV DC DSV A/S B1WT5G2 139.42 115 16,033.77
0.29 ADS GR ADIDAS AG 4031976 174.20 92 16,026.77
0.28 PRU LN PRUDENTIAL PLC 0709954 12.38 1,273 15,756.80
0.28 9432 JP NIPPON TELEGRAPH 6641373 28.75 547 15,728.05
0.28 9983 JP FAST RETAILING CO LTD 6332439 505.05 31 15,656.59
0.28 MUV2 GR MUENCHENER RUE-R 5294121 237.03 66 15,644.07
0.28 OCBC SP OCBC BANK B0F9V20 8.08 1,911 15,438.28
0.28 EXPN LN EXPERIAN PLC B19NLV4 29.17 525 15,316.05
0.28 FPH NZ FISHER & PAYKEL 6340250 12.07 1,268 15,302.48
0.27 ISP IM INTESA SANPAOLO 4076836 1.84 8,181 15,026.95
0.27 2502 JP ASAHI GROUP HOLDINGS LTD 6054409 32.61 460 15,000.26
0.27 9434 JP SOFTBANK CORP BF5M0K5 11.15 1,325 14,773.43
0.26 COL AU COLES GROUP LTD BYWR0T5 12.08 1,206 14,568.89
0.26 IFX GR INFINEON TECHNOLOGIES AG 5889505 23.16 627 14,523.06
0.26 4911 JP SHISEIDO CO LTD 6805265 40.04 358 14,334.31
0.26 SWMA SS SWEDISH MATCH AB BP09MR2 10.10 1,405 14,192.47
0.25 ESSITYB SS ESSITY AKTIEBOLAG-B BF1K7P7 26.58 530 14,087.18
0.25 GIVN SW GIVAUDAN-REG 5980613 3,517.26 4 14,069.04
0.25 6902 JP DENSO CORP 6640381 51.70 272 14,061.50
0.25 UOB SP UNITED OVERSEAS BANK LTD 6916781 18.70 747 13,965.36
0.25 BBVA SM BBVA 5501906 4.48 3,113 13,953.70
0.25 STLA IM STELLANTIS NV BMD8KX7 12.18 1,141 13,896.13
0.25 INVEB SS INVESTOR AB-B SHS BMV7PQ4 16.40 843 13,826.76
0.25 DB1 GR DEUTSCHE BOERSE AG 7021963 160.50 86 13,802.79
0.25 ENI IM ENI SPA 7145056 11.67 1,170 13,651.13
0.25 TEAM ATLASSIAN CORP-A BZ09BD1 197.51 69 13,628.19
0.24 6273 JP SMC CORP 6763965 438.52 31 13,593.98
0.24 FERG LN FERGUSON PLC BJVNSS4 108.41 125 13,551.23
0.24 8267 JP AEON CO LTD 6480048 17.26 779 13,447.93
0.24 8113 JP UNICHARM CORP 6911485 33.39 401 13,387.94
0.24 8411 JP MIZUHO FINANCIAL 6591014 11.42 1,164 13,288.46
0.24 LSEG LN LONDON STOCK EX B0SWJX3 90.74 146 13,247.71
0.24 9022 JP CENTRAL JAPAN RAILWAY CO 6183552 113.98 116 13,221.33
0.24 NDA SS NORDEA BANK ABP BYZF9J9 8.80 1,502 13,211.73
0.24 VOLVB SS VOLVO AB-B SHS B1QH830 15.43 856 13,209.63
0.24 TEF SM TELEFONICA SA 5732524 5.06 2,596 13,145.64
0.24 BARC LN BARCLAYS PLC 3134865 1.84 7,102 13,062.33
0.23 ITX SM INDITEX BP9DL90 22.83 571 13,036.07
0.23 VOW3 GR Volkswagen AG 5497168 132.47 97 12,849.74
0.23 BMW GR BMW AG 5756029 76.65 167 12,800.23
0.23 DSM NA KONINKLIJKE DSM NV B0HZL93 144.44 88 12,710.95
0.23 UMG NA UNIVERSAL MUSIC GROUP NV BNZGVV1 19.87 633 12,576.86
0.23 RIO AU RIO TINTO LTD 6220103 67.95 185 12,569.85
0.23 CRH ID CRH PLC 4182249 34.33 366 12,566.13
0.23 RACE IM FERRARI NV BD6G507 184.61 68 12,553.20
0.22 DSY FP DASSAULT SYSTEMES SE BM8H5Y5 36.71 339 12,444.07
0.22 ATCOA SS ATLAS COPCO AB-A SHS BLDBN41 8.94 1,388 12,403.43
0.22 6503 JP MITSUBISHI ELECTRIC CORP 6597045 10.71 1,156 12,384.34
0.22 AMS SM AMADEUS IT GROUP SA B3MSM28 55.03 222 12,217.47
0.22 SGO FP COMPAGNIE DE SAINT GOBAIN 7380482 42.65 284 12,111.73
0.22 NOKIA FH NOKIA OYJ 5902941 4.63 2,611 12,086.10
0.21 6301 JP KOMATSU LTD 6496584 21.97 534 11,730.10
0.21 2503 JP KIRIN HOLDINGS CO LTD 6493745 15.86 737 11,691.96
0.21 VWS DC VESTAS WIND SYSTEMS A/S BN4MYF5 21.51 542 11,656.92
0.21 6702 JP FUJITSU LIMITED 6356945 125.00 93 11,625.43
0.21 4151 JP KYOWA KIRIN CO LTD 6499550 22.46 517 11,613.03
0.20 VNA GR VONOVIA SE BBJPFY1 30.68 369 11,319.39
0.20 CARLB DC CARLSBERG AS-B 4169219 126.71 89 11,277.51
0.20 5108 JP BRIDGESTONE CORP 6132101 35.12 320 11,237.83
0.20 ASSAB SS ASSA ABLOY AB-B BYPC1T4 20.99 531 11,143.25
0.20 CLNX SM CELLNEX TELECOM SA BX90C05 39.65 274 10,865.24
0.19 SE SEA LTD-ADR BYWD7L4 69.06 156 10,773.36
0.19 HEXAB SS HEXAGON AB-B SHS BNZFHC1 10.27 1,020 10,470.96
0.19 ORSTED DC ORSTED A/S BYT16L4 111.10 94 10,443.20
0.19 AHT LN ASHTEAD GROUP PLC 0053673 42.46 245 10,403.57
0.19 7751 JP CANON INC 6172323 22.97 452 10,383.81
0.19 9020 JP EAST JAPAN RAILWAY CO 6298542 50.37 206 10,376.61
0.19 KNEBV FH KONE OYJ-B B09M9D2 47.80 217 10,372.85
0.19 GMG AU GOODMAN GROUP B03FYZ4 12.34 835 10,307.59
0.19 1 HK CK HUTCHISON HOLDINGS LTD BW9P816 6.76 1,520 10,276.23
0.18 FMG AU FORTESCUE METALS 6086253 11.51 870 10,015.03
0.18 6752 JP PANASONIC HOLDINGS CORP 6572707 7.99 1,252 10,007.48
0.18 8801 JP MITSUI FUDOSAN CO LTD 6597603 21.52 465 10,006.20
0.18 UCG IM UNICREDIT SPA BYMXPS7 9.44 1,058 9,982.79
0.18 ENGI FP ENGIE B0C2CQ3 11.63 855 9,945.62
0.18 ERICB SS ERICSSON LM-B SHS 5959378 7.39 1,337 9,876.96
0.18 CCEP COCA-COLA EUROPA BYQQ3P5 53.29 185 9,858.65
0.18 PGHN SW PARTNERS GROUP HOLDING AG B119QG0 893.23 11 9,825.49
0.18 6326 JP KUBOTA CORP 6497509 14.66 670 9,823.26
0.18 HEN3 GR HENKEL AG & CO KGAA 5076705 61.71 159 9,811.10
0.18 8802 JP MITSUBISHI ESTATE CO LTD 6596729 14.51 675 9,791.66
0.18 669 HK TECHTRONIC IND B0190C7 10.43 932 9,721.63
0.17 BT/A LN BT GROUP PLC 3091357 2.23 4,303 9,575.14
0.17 G IM ASSICURAZIONI GENERALI 4056719 16.17 585 9,462.06
0.17 SAMPO FH SAMPO OYJ-A SHS 5226038 43.76 216 9,451.91
0.17 6502 JP TOSHIBA CORP 6897217 40.31 234 9,431.70
0.17 STM IM STMICROELECTRONICS NV 5962343 30.24 311 9,406.08
0.17 EOAN GR E.ON SE 4942904 8.52 1,103 9,401.04
0.17 SAND SS SANDVIK AB B1VQ252 16.04 586 9,398.60
0.17 16 HK SUN HUNG KAI PROPERTIES 6859927 11.81 790 9,332.79
0.17 SSE LN SSE PLC 0790873 20.14 462 9,304.34
0.17 NESTE FH NESTE OYJ B06YV46 44.39 207 9,189.29
0.16 6971 JP KYOCERA CORP 6499260 51.97 176 9,146.82
0.16 BEI GR BEIERSDORF AG 5107401 102.15 89 9,091.26
0.16 STAN LN STANDARD CHARTERED PLC 0408284 7.36 1,229 9,044.68
0.16 MOWI NO MOWI ASA B02L486 22.90 391 8,953.29
0.16 8591 JP ORIX CORP 6661144 16.59 539 8,941.78
0.16 KBC BB KBC GROUP NV 4497749 54.87 162 8,888.52
0.16 LGEN LN LEGAL & GENERAL GROUP PLC 0560399 2.91 2,960 8,621.12
0.15 8750 JP DAI-ICHI LIFE HO B601QS4 18.33 466 8,539.51
0.15 EVO SS EVOLUTION AB BJXSCH4 88.94 96 8,537.93
0.15 8002 JP MARUBENI CORP 6569464 8.82 959 8,460.41
0.15 WIL SP WILMAR INTERNATIONAL LTD B17KC69 2.92 2,891 8,432.73
0.15 7269 JP SUZUKI MOTOR CORP 6865504 30.83 269 8,292.08
0.15 7832 JP BANDAI NAMCO HOLDINGS INC B0JDQD4 71.35 115 8,205.71
0.15 823 HK LINK REIT B0PB4M7 8.16 1,000 8,156.14
0.15 JM SP JARDINE MATHESON 6472119 52.75 154 8,123.50
0.15 ALL AU ARISTOCRAT LEISURE LTD 6253983 23.33 345 8,048.08
0.14 DNB NO DNB BANK ASA BNG7113 17.62 452 7,965.27
0.14 2267 JP YAKULT HONSHA CO LTD 6985112 58.02 137 7,949.38
0.14 8630 JP SOMPO HOLDINGS INC B62G7K6 44.16 178 7,859.59
0.14 SEBA SS SEB AB-A 4813345 9.77 802 7,833.99
0.14 7309 JP SHIMANO INC 6804820 166.67 46 7,666.95
0.14 1925 JP DAIWA HOUSE INDU 6251363 23.22 330 7,661.70
0.14 9735 JP SECOM CO LTD 6791591 61.49 122 7,501.58
0.13 FLTR ID FLUTTER ENTER-DI BWT6H89 99.53 75 7,464.77
0.13 STO AU SANTOS LTD 6776703 4.88 1,528 7,460.07
0.13 8725 JP MS&AD INSURANCE B2Q4CS1 31.03 239 7,415.08
0.13 1113 HK CK ASSET HOLDINGS LTD BYZQ077 7.07 1,000 7,072.90
0.13 DTG GR DAIMLER TRUCK HOLDING AG BP6VLQ4 26.02 270 7,024.12
0.13 KNIN SW KUEHNE & NAGEL-R B142S60 233.07 30 6,991.95
0.13 AV/ LN AVIVA PLC BPQY8M8 4.82 1,449 6,987.97
0.13 MAERSKB DC AP MOLLER-MAERSK A/S-B 4253048 2,321.41 3 6,964.22
0.12 MT NA ARCELORMITTAL BYPBS67 22.47 306 6,876.35
0.12 SGRO LN SEGRO PLC B5ZN1N8 11.48 591 6,783.07
0.12 NWG LN NATWEST GROUP PLC B7T7721 2.62 2,587 6,776.92
0.12 EDP PL EDP 4103596 4.81 1,405 6,764.24
0.12 27 HK GALAXY ENTERTAIN 6465874 5.96 1,120 6,679.88
0.12 2 HK CLP HOLDINGS LTD 6097017 8.30 800 6,637.06
0.12 5401 JP NIPPON STEEL CORP 6642569 14.06 472 6,635.56
0.12 ATCOB SS ATLAS COPCO AB-B SHS BLDBN52 8.04 820 6,589.28
0.12 6201 JP TOYOTA INDUSTRIES CORP 6900546 59.28 111 6,580.39
0.12 SHBA SS SVENSKA HAN-A BXDZ9Q1 8.52 762 6,489.12
0.12 CHKP CHECK POINT SOFTWARE TECH 2181334 123.83 52 6,439.16
0.12 S32 AU SOUTH32 LTD BWSW5D9 2.62 2,439 6,391.56
0.11 LUMI IT BANK LEUMI LE-ISRAEL 6076425 8.79 725 6,370.09
0.11 ATL IM ATLANTIA SPA 7667163 23.30 273 6,360.32
0.11 ST SP SINGAPORE TELECO B02PY11 1.82 3,445 6,280.43
0.11 NICE IT NICE LTD 6647133 189.73 33 6,261.21
0.11 SPOT SPOTIFY TECHNOLOGY SA BFZ1K46 97.52 64 6,241.28
0.11 8830 JP SUMITOMO REALTY 6858902 25.94 240 6,225.81
0.11 9101 JP NIPPON YUSEN KK 6643960 67.57 92 6,216.63
0.11 BXB AU BRAMBLES LTD B1FJ0C0 7.48 828 6,195.51
0.11 1928 JP SEKISUI HOUSE LTD 6793906 17.48 354 6,187.11
0.11 2388 HK BOC HONG KONG HO 6536112 3.86 1,600 6,181.74
0.11 6723 JP RENESAS ELECTRONICS CORP 6635677 8.84 693 6,129.11
0.11 ACA FP CREDIT AGRICOLE SA 7262610 9.07 669 6,069.05
0.11 ABF LN ASSOC BRIT FOODS 0673123 19.08 316 6,028.26
0.11 QBE AU QBE INSURANCE GROUP LTD 6715740 8.17 737 6,018.65
0.11 CNHIM QX CNH INDUSTRIAL NV BDSV2V0 11.44 526 6,018.02
0.11 5020 JP ENEOS Holdings, Inc. B627LW9 3.80 1,581 6,001.52
0.11 III LN 3I GROUP PLC B1YW440 13.23 451 5,966.77
0.11 SWEDA SS SWEDBANK AB - A SHARES 4846523 12.71 463 5,884.77
0.11 NCM AU NEWCREST MINING LTD 6637101 13.73 427 5,860.92
0.10 8309 JP SM TRUST HD 6431897 30.89 186 5,745.95
0.10 OCDO LN OCADO GROUP PLC B3MBS74 9.77 586 5,726.68
0.10 AENA SM AENA SME SA BVRZ8L1 128.70 44 5,662.77
0.10 4307 JP NOMURA RESEARCH 6390921 27.16 208 5,649.71
0.10 NIBEB SS NIBE INDUSTRIER AB-B SHS BN7BZM3 7.52 742 5,580.39
0.10 7270 JP SUBARU CORP 6356406 16.93 328 5,554.26
0.10 SRG IM SNAM SPA 7251470 5.29 1,049 5,546.30
0.10 6762 JP TDK CORP 6869302 29.16 190 5,540.47
0.10 TRN IM TERNA-RETE ELETT B01BN57 7.92 697 5,519.10
0.10 WPP LN WPP PLC B8KF9B4 9.88 554 5,475.15
0.10 TLS AU TELSTRA CORP LTD 6087289 2.60 2,103 5,468.33
0.10 3407 JP ASAHI KASEI CORP 6054603 7.65 704 5,387.53
0.10 HEN GR HENKEL AG & CO KGAA 5002465 61.21 88 5,386.15
0.10 ORK NO ORKLA ASA B1VQF42 7.93 676 5,358.49
0.10 4612 JP NIPPON PAINT HOL 6640507 7.77 687 5,338.79
0.10 6701 JP NEC CORP 6640400 38.63 138 5,331.46
0.10 CRDA LN CRODA INTERNATIONAL PLC BJFFLV0 78.13 68 5,312.97
0.10 8604 JP NOMURA HOLDINGS INC 6643108 3.65 1,450 5,298.19
0.10 3 HK HONG KONG & CHINA GAS 6436557 1.08 4,910 5,287.41
0.09 9143 JP SG HOLDINGS CO LTD BFFY885 16.88 310 5,233.39
0.09 2897 JP NISSIN FOODS HOL 6641760 69.57 75 5,217.78
0.09 ASX AU ASX LTD 6129222 55.24 94 5,192.73
0.09 6645 JP OMRON CORP 6659428 49.85 103 5,134.18
0.09 1605 JP INPEX CORP B10RB15 10.43 492 5,130.65
0.09 CPR IM DAVIDE CAMPARI-MILANO NV BMQ5W17 10.35 495 5,122.22
0.09 6857 JP ADVANTEST CORP 6870490 52.25 98 5,120.67
0.09 KRXI S1 KINGSPAN GROUP PLC 4491235 60.27 84 5,062.76
0.09 6920 JP LASERTEC CORP 6506267 114.90 44 5,055.69
0.09 EPIA SS EPIROC AB-A BMD58R8 15.30 329 5,033.52
0.09 6988 JP NITTO DENKO CORP 6641801 63.58 79 5,022.46
0.09 PAH3 GR PAH3 7101069 65.40 76 4,970.74
0.09 JHX AU JAMES HARDIE-CDI B60QWJ2 21.70 228 4,948.20
0.09 7201 JP NISSAN MOTOR CO LTD 6642860 3.76 1,315 4,947.00
0.09 11 HK HANG SENG BANK LTD 6408374 17.65 280 4,942.11
0.09 2688 HK ENN ENERGY HOLDINGS LTD 6333937 16.43 300 4,928.09
0.09 3659 JP NEXON CO LTD B63QM77 20.63 238 4,909.20
0.09 3402 JP TORAY INDUSTRIES INC 6897143 5.64 869 4,901.49
0.09 TELIA SS TELIA CO AB 5978384 3.83 1,274 4,881.80
0.09 STERV FH STORA ENSO OYJ-R SHS 5072673 15.56 312 4,853.52
0.09 NTGY SM NATURGY ENERGY GROUP SA 5650422 28.88 165 4,764.89
0.09 POLI IT BANK HAPOALIM BM 6075808 8.25 577 4,761.12
0.09 7532 JP PAN PACIFIC INTE 6269861 16.02 295 4,724.72
0.09 66 HK MTR CORP 6290054 5.23 900 4,702.52
0.08 9613 JP NTT DATA CORP 6125639 13.79 339 4,674.22
0.08 6506 JP YASKAWA ELECTRIC CORP 6986041 31.79 147 4,672.80
0.08 SUN AU SUNCORP GROUP LTD 6585084 7.41 628 4,652.23
0.08 INVEA SS INVESTOR AB-A SHS BMV7PN1 17.97 255 4,581.35
0.08 SCG AU SCENTRE GROUP BLZH0Z7 1.77 2,580 4,577.26
0.08 6146 JP DISCO CORP 6270948 226.47 20 4,529.47
0.08 MONC IM MONCLER SPA BGLP232 41.92 108 4,527.31
0.08 2587 JP SUNTORY FOOD BEV BBD7Q84 37.82 119 4,500.54
0.08 SCAB SS SVENSKA CELL-B B1VVGZ5 14.51 310 4,498.72
0.08 APA AU APA GROUP 6247306 7.85 564 4,430.18
0.08 9021 JP WEST JAPAN RAILWAY CO 6957995 36.30 122 4,428.89
0.08 8308 JP RESONA HOLDINGS INC 6421553 3.75 1,171 4,394.01
0.08 TEL NO TELENOR ASA 4732495 13.39 328 4,393.01
0.08 7701 JP SHIMADZU CORP 6804369 31.34 140 4,388.11
0.08 5802 JP SUMITOMO ELEC IN 6858708 10.70 408 4,366.41
0.08 RYM NZ RYMAN HEALTHCARE LTD 6161525 5.40 808 4,364.31
0.08 ENT LN ENTAIN PLC B5VQMV6 15.04 290 4,360.71
0.08 5713 JP SUMITOMO MET MIN 6858849 30.61 140 4,285.53
0.08 6586 JP MAKITA CORP 6555805 24.20 175 4,235.28
0.08 9503 JP KANSAI ELEC PWR 6483489 9.89 426 4,212.23
0.08 4684 JP OBIC CO LTD 6136749 143.80 29 4,170.30
0.08 9005 JP TOKYU CORP 6896548 11.78 353 4,156.63
0.07 9843 JP NITORI HOLDINGS CO LTD 6644800 93.40 44 4,109.68
0.07 ALFA SS ALFA LAVAL AB 7332687 23.80 168 3,997.89
0.07 6383 JP DAIFUKU CO LTD 6250025 56.99 69 3,932.21
0.07 EBS AV ERSTE GROUP BANK AG 5289837 24.90 157 3,909.01
0.07 9042 JP HANKYU HANSHIN H 6408664 27.27 143 3,900.05
0.07 1876 HK BUDWEISER BREWIN BKDXJH5 2.99 1,300 3,893.28
0.07 4689 JP Z HOLDINGS CORP 6084848 2.92 1,329 3,887.21
0.07 8697 JP JAPAN EXCHANGE GROUP INC 6743882 14.60 266 3,884.23
0.07 1801 JP TAISEI CORP 6870100 31.01 124 3,845.32
0.07 9502 JP CHUBU ELEC POWER 6195609 10.11 380 3,841.76
0.07 6479 JP MINEBEA MITSUMI INC 6642406 16.13 237 3,822.10
0.07 NHY NO NORSK HYDRO ASA B11HK39 5.41 701 3,793.42
0.07 4324 JP DENTSU GROUP INC 6416281 30.34 125 3,793.07
0.07 DHER GR DELIVERY HERO SE BZCNB42 39.71 95 3,772.08
0.07 9532 JP OSAKA GAS CO LTD 6661768 17.88 209 3,737.14
0.07 7202 JP ISUZU MOTORS LTD 6467104 10.64 351 3,735.62
0.07 7951 JP YAMAHA CORP 6642387 40.93 90 3,683.53
0.07 GBLB BB GROUPE BRUX LAMB 7097328 83.44 44 3,671.54
0.07 9531 JP TOKYO GAS CO LTD 6895448 18.73 196 3,671.51
0.07 CASH 0.01 655,135 3,654.74
0.06 1928 HK SANDS CHINA LTD B5B23W2 2.39 1,500 3,578.51
0.06 IAG AU INSURANCE AUSTRALIA GROUP 6271026 2.94 1,197 3,517.78
0.06 9962 JP MISUMI GROUP INC 6595179 21.37 163 3,484.02
0.06 FORTUM FH FORTUM OYJ 5579550 15.68 218 3,418.43
0.06 XRO AU XERO LTD B8P4LP4 52.15 65 3,389.57
0.06 UMI BB UMICORE BF44466 33.45 101 3,378.49
0.06 SOLB BB SOLVAY SA 4821100 80.33 42 3,373.72
0.06 VER AV VERBUND AG 4661607 101.06 33 3,334.91
0.06 9064 JP YAMATO HOLDINGS CO LTD 6985565 16.06 207 3,324.50
0.06 EXO IM VSHO NV BYSLCX9 62.66 53 3,321.04
0.06 4704 JP TREND MICRO INC 6125286 49.51 67 3,317.40
0.06 AREIT SP ASCENDAS REAL ES 6563875 2.02 1,644 3,314.45
0.06 8601 JP DAIWA SECS GRP 6251448 4.42 743 3,287.31
0.06 SALM NO SALMAR ASA B1W5NW2 68.29 48 3,278.13
0.06 CICT SP CAPITALAND INTEG 6420129 1.54 2,131 3,275.53
0.06 DXS AU DEXUS B033YN6 6.01 538 3,235.04
0.06 6963 JP ROHM CO LTD 6747204 67.20 48 3,225.70
0.06 CLI SP CAPITALAND INVES BNHXFJ6 2.71 1,179 3,194.57
0.06 4204 JP SEKISUI CHEMICAL CO LTD 6793821 13.50 235 3,172.41
0.06 5411 JP JFE HOLDINGS INC 6543792 10.53 298 3,138.47
0.06 YAR NO YARA INTERNATIONAL ASA 7751259 41.72 75 3,128.87
0.06 OMV AV OMV AG 4651459 43.88 71 3,115.73
0.06 8795 JP T&D HOLDINGS INC 6744294 11.93 261 3,113.88
0.06 ELE SM ENDESA SA 5271782 19.28 161 3,103.49
0.06 SIA SP SINGAPORE AIRLINES LTD 6811734 3.67 832 3,051.41
0.06 EDPR PL EDP RENOVAVEIS SA B39GNW2 24.74 123 3,043.30
0.06 AIA NZ AUCKLAND INTL AIRPORT LTD BKX3XG2 4.48 677 3,034.04
0.05 DSCT IT ISRAEL DISCOUNT BANK-A 6451271 5.14 580 2,980.50
0.05 EPIB SS EPIROC AB-B BMD58W3 13.44 220 2,957.76
0.05 5332 JP TOTO LTD 6897466 32.86 90 2,957.48
0.05 3038 JP KOBE BUSSAN CO LTD B14RJB7 24.65 120 2,957.48
0.05 SKAB SS SKANSKA AB-B SHS 7142091 14.98 196 2,936.20
0.05 SPK NZ SPARK NEW ZEALAND LTD 6881436 2.98 945 2,814.65
0.05 SKFB SS SKF AB-B SHARES B1Q3J35 14.73 190 2,799.50
0.05 7259 JP AISIN CORP 6010702 30.27 92 2,784.89
0.05 CYBR CYBERARK SOFTWAR BQT3XY6 130.83 21 2,747.43
0.05 EQT SS EQT AB BJ7W9K4 20.67 129 2,665.99
0.05 TOM NO TOMRA SYSTEMS ASA BPLXRG7 19.49 136 2,650.53
0.05 12 HK HENDERSON LAND D 6420538 3.75 700 2,622.71
0.05 STE SP SINGAP TECH ENG 6043214 2.89 891 2,573.47
0.05 9602 JP TOHO CO LTD 6895200 35.78 71 2,540.69
0.05 9007 JP ODAKYU ELEC RAIL 6656106 13.43 189 2,537.44
0.05 INMD INMODE LTD BK5Z9R9 22.51 112 2,521.12
0.05 3462 JP NOMURA REAL ESTA BYSJJF4 1,246.35 2 2,492.69
0.05 9008 JP KEIO CORP 6487362 35.90 69 2,476.78
0.04 3283 JP NIPPON PROLOGIS REIT INC B98BC67 2,449.77 1 2,449.77
0.04 4922 JP KOSE CORP 6194468 89.26 27 2,409.95
0.04 EDF FP EDF B0NJJ17 8.88 269 2,390.01
0.04 MAERSKA DC AP MOLLER-MAERSK A/S-A 4253059 2,297.66 1 2,297.66
0.04 MZTF IT MIZRAHI TEFAHOT BANK LTD 6916703 32.68 69 2,255.16
0.04 VOW GR VOLKSWAGEN AG 5497102 179.72 12 2,156.66
0.04 4755 JP RAKUTEN GROUP INC 6229597 4.47 476 2,127.85
0.04 3064 JP MONOTARO CO LTD B1GHR88 14.95 142 2,122.93
0.04 INDUA SS INDUSTRIVARDEN AB-A SHS B1VSK10 22.58 94 2,122.48
0.04 7276 JP KOITO MFG CO 6496324 31.31 67 2,097.55
0.04 PST IM POSTE ITALIANE SPA BYYN701 9.27 226 2,093.91
0.04 ANTO LN ANTOFAGASTA PLC 0045614 13.46 147 1,979.24
0.04 708 HK CHINA EVERGRANDE BYYJDM3 0.35 5,700 1,975.82
0.04 INDUC SS INDUSTRIVARDEN AB-C SHS B1VSK54 22.26 88 1,958.95
0.04 AKRBP NO AKER BP ASA B1L95G3 33.59 58 1,948.28
0.04 GJF NO GJENSIDIGE FORSIKRING ASA B4PH0C5 20.56 94 1,932.97
0.04 3003 JP HULIC CO LTD 6805317 7.68 251 1,928.27
0.04 2127 JP NIHON M&A CENTER B1DN466 10.47 184 1,926.95
0.03 KINVB SS KINNEVIK AB - B BNKF607 16.10 119 1,915.49
0.03 SOF BB SOFINA 4820301 205.75 9 1,851.77
0.03 TSEM IT TOWER SEMICONDUCTOR LTD 6320605 46.04 40 1,841.59
0.03 BMW3 GR Bayerische Motoren Werke 5756030 71.29 25 1,782.15
0.03 4091 JP NIPPON SANSO HOLDINGS 6640541 15.65 113 1,768.83
0.03 ANDR AV ANDRITZ AG B1WVF68 39.99 44 1,759.41
0.03 MEL NZ MERIDIAN ENERGY LTD BWFD052 2.84 614 1,745.39
0.03 REA AU REA GROUP LTD 6198578 75.71 23 1,741.22
0.03 7181 JP JAPAN POST INSUR BYT8154 16.08 108 1,736.92
0.03 WIX WIX.COM LTD BFZCHN7 68.21 25 1,705.25
0.03 1913 HK PRADA S.P.A. B4PFFW4 5.60 300 1,680.29
0.03 3141 JP WELCIA HOLDINGS CO LTD B3CF1G6 19.78 82 1,621.61
0.03 CEN NZ CONTACT ENERGY LTD 6152529 4.36 371 1,619.16
0.03 3769 JP GMO PAYMENT GATEWAY INC B06CMQ9 69.05 23 1,588.20
0.03 ZIM ZIM INTEGRATED S BLC90J0 43.28 36 1,558.08
0.03 4768 JP OTSUKA CORP 6267058 29.90 52 1,554.82
0.03 VOLCARB SS VOLVO CAR AB-B BMXC0X9 6.74 226 1,524.13
0.03 7182 JP JAPAN POST BANK CO LTD BYT8165 7.76 191 1,481.46
0.03 3092 JP ZOZO INC B292RC1 17.94 82 1,471.10
0.03 AZRG IT AZRIELI GROUP LTD B5MN1W0 69.16 21 1,452.33
0.03 LATOB SS LATOUR INV-B BZ404X1 19.86 73 1,450.12
0.03 9202 JP ANA HOLDINGS INC 6014908 18.04 80 1,443.22
0.03 BEZQ IT BEZEQ THE ISRAEL 6098032 1.53 928 1,423.29
0.03 BG AV BAWAG GROUP AG BZ1GZ06 41.38 34 1,406.89
0.03 VOLVA SS VOLVO AB-A SHS B1QH7Y4 16.01 87 1,392.83
0.02 BALDB SS FASTIGHETS-B SHS BPMRNZ9 4.87 264 1,285.05
0.02 HLAG GR HAPAG-LLOYD AG BYZTSW7 254.18 5 1,270.89
0.02 REH AU REECE LTD 6728801 9.44 134 1,264.89
0.02 AMS SW AMS-OSRAM AG BPF0548 8.67 140 1,213.31
0.02 VOE AV VOESTALPINE AG 4943402 21.26 57 1,211.88
0.02 4716 JP ORACLE CORP JAPAN 6141680 57.36 21 1,204.53
0.02 NVMI IT NOVA LTD 6534161 85.91 14 1,202.75
0.02 SAGAB SS SAGAX AB-B B9M3PK4 18.48 65 1,201.08
0.02 9201 JP JAPAN AIRLINES CO LTD B8BRV46 16.93 70 1,184.84
0.02 LUNDB SS LUNDBERGS AB-B SHS 4538002 40.75 27 1,100.34
0.02 TPG AU TPG TELECOM LTD BMB2257 4.04 272 1,097.74
0.02 STRS IT STRAUSS GROUP LTD 6304115 24.26 45 1,091.80
0.02 MCY NZ MERCURY NZ LTD B8W6K56 3.38 312 1,055.43
0.02 ADE NO ADEVINTA ASA BJ0DP40 7.24 141 1,020.18
0.02 PLUS LN PLUS500 LTD BBT3PS9 19.16 52 996.36
0.02 FIBI IT FIRST INTL BANK ISRAEL 6123815 36.82 26 957.19
0.02 SINCH SS SINCH AB BKP8Q11 3.31 260 859.75
0.02 KRNT KORNIT DIGITAL LTD BWFRFD7 31.25 27 843.75
0.02 6753 JP SHARP CORP 6800602 7.54 111 837.13
0.02 4739 JP ITOCHU TECHNO SO 6200194 24.39 34 829.15
0.02 SCHB NO SCHIBSTED ASA-B SHS BWVFKQ3 16.29 50 814.72
0.01 SCHA NO SCHIBSTED ASA-CL A 4790534 17.74 44 780.45
0.01 FROG JFROG LTD BMX6JW3 21.94 35 767.90
0.01 RBI AV RAIFFEISEN BANK B0704T9 10.71 69 739.24
0.01 FVRR FIVERR INTERNATIONAL LTD BKKDH30 34.93 21 733.53
0.01 SPEN IT SHAPIR ENGINEERI BTF8CZ0 8.06 74 596.79
0.01 CDI FP CHRISTIAN DIOR SE 4061393 586.08 1 586.08
0.01 MVNE IT MIVNE REAL ESTATE KD LTD 6416980 2.88 181 520.38
0.01 AUTO NO AUTOSTORE HOLDINGS LTD BN49G27 1.47 329 484.82
0.01 TKA AV TELEKOM AUSTRIA AG 4635088 6.29 71 446.37
0.01 9435 JP HIKARI TSUSHIN INC 6416322 101.40 4 405.58
0.00 SHBB SS SVENSKA HAN-B BXDZ9V6 9.87 21 207.36
0.00 MLSR IT MELISRON 6565310 65.94 2 131.87
0.00 BIG IT BIG SHOPPING CEN B1KZR22 121.65 1 121.65
0.00 MNDY MONDAY.COM LTD BMHRYX8 108.79 1 108.79
0.00 SEBC SS SEB AB-C 4812740 11.05 4 44.21
0.00 GLBE GLOBAL-E ONLINE LTD BN770J3 22.03 2 44.06
0.00 AMOT IT AMOT INVESTMENTS LTD B18MCB9 5.94 6 35.62
0.00 KINVA SS KINNEVIK AB - A BNKF5Z5 16.44 1 16.44
0.00 SAGAD SS SAGAX AB-D BDQZF59 2.37 1 2.37
Holdings are subject to change.

Sector Breakdown As of 05/31/22

Sector Weight (%)
Financials 18.2
Industrials 14.7
Health Care 13.3
Consumer Discretionary 11.6
Consumer Staples 10.9
Information Technology 8.5
Materials 7.8
Energy 4.9
Communication Services 4.7
Utilities 3.4
Real Estate 2.1

Source: AltaVista Research, LLC

Country Breakdown As of 05/31/22

Country Weight (%)
Japan 26.8
Britain 13.0
Australia 11.5
France 9.5
Germany 8.4
Switzerland 4.9
Netherlands 4.9
Sweden 3.6
Hong Kong 3.0
Spain 2.4
Italy 2.1
Other/Cash 9.9

Source: AltaVista Research, LLC

ETF Characteristics As of 07/01/22

Return on Equity 13.20%
Weighted Avg. Market Cap 58,684 M
2021 2022
Price-to-earnings 13.46 12.25
Price-to-book value 1.69 1.56

Source: AltaVista Research, LLC

ETF Risk Stats As of 07/01/22

Versus Beta
S&P 500 0.91
MSCI EAFE 1.03
MSCI Emg. Mkts 0.88
Standard Deviation 17.80%

Source: AltaVista Research, LLC

ETF Research

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. The fund 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.

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.

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