CEFA


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

Fund 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).

Fund 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.

Why 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.

Fund Details As of 06/16/21

Key Facts

Ticker CEFA
Inception Date 06/22/20
CUSIP 37954Y368
ISIN US37954Y3687
Bloomberg Index Ticker SPEKCVUN
Primary Exchange Nasdaq
Number of Holdings 479

Stats & Fees

Net Assets $3,345,743
Net Asset Value (NAV) $33.46
Shares Outstanding 100,000
Total Expense Ratio 0.35%

Distributions

30-Day SEC Yield 1.31%
Distribution Frequency Semi-Annually

Fund Prices As of 06/16/21

NAV $33.46 Daily Change $0.04 0.11%
Market Price $33.28 Daily Change -$0.21 -0.64%
30-Day Median Bid-Ask Spread 0.21%

Performance History

As of recent
(03/31/21)
Fund NAV Market Price Index
Year-to-Date 3.22% 2.67% 3.29%
1 Month 1.97% 2.20% 1.99%
3 Months 3.22% 2.67% 3.29%
Since Inception 25.16% 25.56% 25.59%
Year-to-Date 9.56% 8.82% 9.65%
1 Month 3.48% 3.28% 3.50%
3 Months 8.23% 8.32% 8.27%
Since Inception 32.85% 33.09% 33.33%

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.

Fund Characteristics As of 06/16/21

Return on Equity 9.00%
Weighted Avg. Market Cap 73,245 M
2020 2021
Price-to-earnings 23.70 17.66
Price-to-book value 1.62 1.55

Source: AltaVista Research, LLC

Sector Breakdown As of 05/31/21

% of Net Assets
Financials 18.2
Industrials 15.1
Health Care 12.4
Consumer Discretionary 12.0
Consumer Staples 11.7
Information Technology 8.3
Materials 6.9
Communication Services 6.5
Energy 3.5
Utilities 3.3
Real Estate 2.1

Source: AltaVista Research, LLC

Country Breakdown As of 05/31/21

% of Net Assets
Japan 30.6
Britain 11.5
Australia 9.5
France 9.4
Germany 7.3
Netherlands 5.1
Sweden 4.1
Hong Kong 3.6
Switzerland 3.4
Spain 2.6
Italy 2.1
Other/Cash 10.8

Source: AltaVista Research, LLC

Top Holdings As of 06/16/21

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
2.37 CSL AU CSL LTD 6185495 233.48 339 79,148.34
2.07 ASML NA ASML HOLDING NV B929F46 707.99 98 69,383.26
1.63 7203 JP TOYOTA MOTOR CORP 6900643 92.55 590 54,602.30
1.53 MC FP LVMH MOET HENNE 4061412 826.88 62 51,266.56
1.30 DGE LN DIAGEO PLC 0237400 49.17 883 43,418.98
1.28 OR FP L'OREAL 4057808 471.67 91 42,922.14
1.23 4502 JP TAKEDA PHARMACEU 6870445 34.54 1,190 41,108.01
1.11 SAP GR SAP SE 4846288 144.00 257 37,007.50
1.10 PHIA NA KONINKLIJKE PHILIPS NV 5986622 54.14 681 36,870.48
1.10 7741 JP HOYA CORP 6441506 131.38 280 36,787.48
1.00 1299 HK AIA GROUP LTD B4TX8S1 12.25 2,720 33,326.93
0.97 CBA AU COMMONW BK AUSTR 6215035 80.80 402 32,479.78
0.88 9984 JP SOFTBANK GROUP CORP 6770620 72.85 406 29,575.28
0.87 HSBA LN HSBC HOLDINGS PLC 0540528 6.18 4,696 29,012.22
0.86 6758 JP SONY GROUP CORP 6821506 97.32 297 28,904.45
0.82 TTE FP TOTALENERGIES SE B15C557 49.63 552 27,394.29
0.80 ALC SW ALCON INC BJT1GR5 71.37 375 26,764.56
0.76 BHP AU BHP GROUP LTD 6144690 37.28 686 25,576.61
0.76 ABI BB ANHEUSER-BUSCH I BYYHL23 79.19 319 25,260.21
0.73 ALV GR ALLIANZ SE-REG 5231485 266.38 92 24,506.57
0.68 4543 JP TERUMO CORP 6885074 41.70 544 22,686.25
0.67 6098 JP RECRUIT HOLDINGS CO LTD BQRRZ00 51.26 440 22,555.28
0.67 2413 JP M3 INC B02K2M3 69.24 324 22,434.96
0.67 SU FP SCHNEIDER ELECTRIC SE 4834108 160.87 139 22,360.61
0.65 6861 JP KEYENCE CORP 6490995 514.98 42 21,629.36
0.63 RIO LN RIO TINTO PLC 0718875 84.90 250 21,225.88
0.63 BP/ LN BP PLC 0798059 4.64 4,563 21,169.45
0.58 RDSA LN ROYAL DUTCH SH-A B03MLX2 20.79 930 19,336.09
0.57 AI FP AIR LIQUIDE SA B1YXBJ7 177.66 107 19,010.12
0.56 DAI GR DAIMLER AG 5529027 95.79 196 18,774.57
0.55 BN FP DANONE B1Y9TB3 71.91 257 18,481.95
0.54 4578 JP OTSUKA HOLDINGS CO LTD B5LTM93 43.27 420 18,172.18
0.53 IBE SM IBERDROLA SA B288C92 13.27 1,328 17,622.98
0.53 DPW GR DEUTSCHE POST AG-REG 4617859 69.33 254 17,610.54
0.52 BNP FP BNP PARIBAS 7309681 67.55 255 17,225.60
0.51 WBC AU WESTPAC BANKING CORP 6076146 20.46 840 17,190.43
0.51 DTE GR DEUTSCHE TELEKOM AG-REG 5842359 21.58 788 17,008.16
0.51 ABBN SW ABB LTD-REG 7108899 34.41 494 16,996.96
0.50 BAS GR BASF SE 5086577 80.56 208 16,755.45
0.50 ENEL IM ENEL SPA 7144569 9.95 1,681 16,731.57
0.50 7974 JP NINTENDO CO LTD 6639550 575.29 29 16,683.34
0.49 RI FP PERNOD RICARD SA 4682329 219.41 75 16,456.10
0.49 4063 JP SHIN-ETSU CHEMICAL CO LTD 6804585 173.59 94 16,317.16
0.48 ADYEN NA ADYEN NV BZ1HM42 2,302.37 7 16,116.58
0.48 RDSB LN ROYAL DUTCH SH-B B03MM40 20.01 804 16,085.90
0.48 SAN SM BANCO SANTANDER SA 5705946 4.08 3,944 16,079.04
0.48 8035 JP TOKYO ELECTRON LTD 6895675 445.50 36 16,037.84
0.48 6594 JP NIDEC CORP 6640682 113.74 140 15,923.42
0.48 WOW AU WOOLWORTHS GROUP LTD 6981239 33.68 472 15,898.87
0.47 CFR SW CIE FINANCI-REG BCRWZ18 128.26 123 15,776.07
0.47 388 HK HKEX 6267359 59.73 264 15,768.61
0.47 8306 JP MITSUBISHI UFJ F 6335171 5.56 2,800 15,555.41
0.46 KER FP KERING 5505072 908.68 17 15,447.62
0.45 3382 JP SEVEN & I HOLDINGS CO LTD B0FS5D6 45.48 334 15,189.41
0.45 NAB AU NATL AUST BANK 6624608 20.70 729 15,093.03
0.45 ADS GR ADIDAS AG 4031976 355.51 42 14,931.47
0.44 SN/ LN SMITH & NEPHEW PLC 0922320 21.85 672 14,685.55
0.44 COLOB DC COLOPLAST-B B8FMRX8 161.56 90 14,540.09
0.43 BHP LN BHP GROUP PLC BH0P3Z9 30.03 478 14,352.67
0.42 DG FP VINCI SA B1XH026 116.11 122 14,165.69
0.42 REL LN RELX PLC B2B0DG9 27.42 515 14,119.94
0.42 ANZ AU AUST AND NZ BANKING GROUP 6065586 22.29 629 14,021.41
0.42 6869 JP SYSMEX CORP 6883807 107.69 130 13,999.73
0.42 ZURN SW ZURICH INSURANCE GROUP AG 5983816 420.71 33 13,883.53
0.41 UBSG SW UBS GROUP AG-REG BRJL176 16.21 848 13,744.21
0.40 6367 JP DAIKIN INDUSTRIES LTD 6250724 190.19 70 13,313.02
0.39 7267 JP HONDA MOTOR CO LTD 6435145 32.97 400 13,188.41
0.39 FME GR FRESENIUS MEDICA 5129074 84.81 154 13,060.56
0.39 9433 JP KDDI CORP 6248990 32.79 396 12,984.49
0.39 IFX GR INFINEON TECHNOLOGIES AG 5889505 41.16 315 12,964.19
0.39 DSV DC DSV PANALPINA A/S B1WT5G2 238.90 54 12,900.41
0.39 AAL LN ANGLO AMERICAN PLC B1XZS82 41.80 308 12,873.15
0.38 PRU LN PRUDENTIAL PLC 0709954 21.21 601 12,748.28
0.38 EL FP ESSILORLUXOTTICA 7212477 179.36 71 12,734.65
0.38 CS FP AXA SA 7088429 27.56 460 12,676.97
0.37 SHL GR SIEMENS HEALTHINEERS AG BD594Y4 59.30 211 12,511.94
0.37 INGA NA ING GROEP NV BZ57390 13.62 899 12,241.61
0.36 AD NA KONINKLIJKE AHOL BD0Q398 29.81 408 12,163.61
0.36 VOD LN VODAFONE GROUP PLC BH4HKS3 1.84 6,557 12,036.83
0.35 RMS FP HERMES INTERNATIONAL 5253973 1,459.13 8 11,673.03
0.35 ISP IM INTESA SANPAOLO 4076836 2.93 3,945 11,545.99
0.34 6981 JP MURATA MFG CO 6610403 78.60 146 11,476.03
0.34 6954 JP FANUC CORP 6356934 248.76 46 11,442.99
0.34 NG/ LN NATIONAL GRID PLC BDR05C0 13.14 866 11,375.84
0.34 4452 JP KAO CORP 6483809 62.53 180 11,255.63
0.33 WES AU WESFARMERS LTD 6948836 44.04 254 11,185.12
0.33 4911 JP SHISEIDO CO LTD 6805265 75.21 148 11,131.13
0.33 GLEN LN GLENCORE PLC B4T3BW6 4.47 2,472 11,053.64
0.33 4507 JP SHIONOGI & CO LTD 6804682 52.52 210 11,028.61
0.33 8316 JP SMFG 6563024 35.74 304 10,863.76
0.32 STLA IM STELLANTIS NV BMD8KX7 20.48 529 10,834.51
0.32 8001 JP ITOCHU CORP 6467803 30.62 350 10,715.36
0.32 ATCOA SS ATLAS COPCO AB-A SHS BD97BN2 63.09 169 10,661.99
0.32 LLOY LN LLOYDS BANKING GROUP PLC 0870612 0.67 15,676 10,544.78
0.32 VOLVB SS VOLVO AB-B SHS B1QH830 26.86 392 10,530.96
0.31 HEIA NA HEINEKEN NV 7792559 120.63 87 10,495.04
0.31 9983 JP FAST RETAILING CO LTD 6332439 743.74 14 10,412.30
0.31 SHL AU SONIC HEALTHCARE LTD 6821120 28.28 366 10,350.75
0.31 8058 JP MITSUBISHI CORP 6596785 27.91 370 10,328.16
0.30 VWS DC VESTAS WIND SYSTEMS A/S BN4MYF5 38.39 265 10,174.12
0.30 UCB BB UCB SA 5596991 103.64 97 10,053.25
0.30 ITX SM INDITEX BP9DL90 37.64 263 9,899.75
0.29 PRX NA PROSUS NV BJDS7L3 103.65 94 9,743.46
0.29 FPH NZ FISHER & PAYKEL 6340250 21.76 441 9,596.68
0.29 8031 JP MITSUI & CO LTD 6597302 23.88 400 9,550.23
0.29 GIVN SW GIVAUDAN-REG 5980613 4,763.34 2 9,526.67
0.28 COH AU COCHLEAR LTD 6211798 186.51 51 9,512.06
0.28 6273 JP SMC CORP 6763965 593.75 16 9,500.02
0.28 EXPN LN EXPERIAN PLC B19NLV4 39.07 243 9,493.26
0.28 INVEB SS INVESTOR AB-B SHS BMV7PQ4 23.49 404 9,489.12
0.28 BBVA SM BBVA 5501906 6.43 1,474 9,483.69
0.28 2502 JP ASAHI GROUP HOLDINGS LTD 6054409 49.82 190 9,466.73
0.28 TSCO LN TESCO PLC BLGZ986 3.25 2,866 9,302.86
0.28 8267 JP AEON CO LTD 6480048 27.36 340 9,302.11
0.28 CRH ID CRH PLC 4182249 51.61 178 9,187.44
0.27 CPG LN COMPASS GROUP PLC BD6K457 22.89 398 9,110.26
0.27 MUV2 GR MUENCHENER RUE-R 5294121 291.83 31 9,046.60
0.27 DBS SP DBS GROUP HOLDINGS LTD 6175203 22.56 400 9,023.60
0.27 BARC LN BARCLAYS PLC 3134865 2.50 3,604 9,002.88
0.27 NDA SS NORDEA BANK ABP BYZF9J9 11.36 790 8,970.83
0.27 MQG AU MACQUARIE GROUP LTD B28YTC2 119.45 75 8,958.84
0.27 6503 JP MITSUBISHI ELECTRIC CORP 6597045 15.89 562 8,930.05
0.26 KNEBV FH KONE OYJ-B B09M9D2 82.87 106 8,784.20
0.26 9432 JP NIPPON TELEGRAPH 6641373 26.30 332 8,731.44
0.26 FERG LN FERGUSON PLC BJVNSS4 139.82 62 8,669.02
0.26 ERICB SS ERICSSON LM-B SHS 5959378 13.11 653 8,559.40
0.26 CLNX SM CELLNEX TELECOM SA BX90C05 63.62 134 8,525.72
0.26 AHT LN ASHTEAD GROUP PLC 0053673 71.62 119 8,522.54
0.25 ASSAB SS ASSA ABLOY AB-B BYPC1T4 31.69 266 8,428.95
0.25 TCL AU TRANSURBAN GROUP 6200882 11.28 737 8,311.03
0.25 OCBC SP OCBC BANK B0F9V20 9.20 900 8,278.67
0.25 6902 JP DENSO CORP 6640381 71.32 116 8,272.83
0.25 8411 JP MIZUHO FINANCIAL 6591014 14.73 560 8,248.85
0.24 VNA GR VONOVIA SE BBJPFY1 65.15 125 8,143.97
0.24 RIO AU RIO TINTO LTD 6220103 96.90 84 8,139.39
0.24 BMW GR BMW AG 5756029 112.68 72 8,113.14
0.24 9022 JP CENTRAL JAPAN RAILWAY CO 6183552 161.90 50 8,094.96
0.24 ESSITYB SS ESSITY AKTIEBOLAG-B BF1K7P7 34.93 231 8,068.16
0.24 TEAM ATLASSIAN CORP-A BZ09BD1 248.46 32 7,950.72
0.24 669 HK TECHTRONIC IND B0190C7 17.59 450 7,913.91
0.24 AMS SM AMADEUS IT GROUP SA B3MSM28 77.25 102 7,879.15
0.23 LSEG LN LONDON STOCK EX B0SWJX3 111.62 70 7,813.10
0.23 IMB LN IMPERIAL BRANDS PLC 0454492 22.57 346 7,810.18
0.23 HEN3 GR Henkel AG & Co KGaA 5076705 114.50 68 7,786.03
0.23 6702 JP FUJITSU LTD 6356945 175.82 44 7,735.87
0.23 SAND SS SANDVIK AB B1VQ252 26.49 292 7,734.54
0.23 CARLB DC CARLSBERG AS-B 4169219 192.05 40 7,681.84
0.23 DSY FP DASSAULT SYSTEMES SE 5330047 237.71 32 7,606.86
0.23 VIV FP VIVENDI 4834777 35.47 213 7,555.61
0.22 4661 JP ORIENTAL LAND CO LTD 6648891 147.80 50 7,390.06
0.22 ENI IM ENI SPA 7145056 13.02 562 7,316.25
0.22 8766 JP TOKIO MARINE HOLDINGS INC 6513126 46.66 156 7,278.91
0.22 241 HK ALIBABA HEALTH BRXVS60 2.27 3,190 7,249.95
0.22 KYG ID KERRY GROUP PLC-A 4519579 129.31 56 7,241.35
0.21 DB1 GR DEUTSCHE BOERSE AG 7021963 169.91 42 7,136.16
0.21 EVO SS EVOLUTION AB BJXSCH4 179.46 39 6,999.12
0.21 FLTR ID FLUTTER ENTER-DI BWT6H89 193.96 36 6,982.73
0.21 4151 JP KYOWA KIRIN CO LTD 6499550 34.84 200 6,967.12
0.20 SPOT SPOTIFY TECHNOLOGY SA BFZ1K46 242.78 28 6,797.84
0.20 NOKIA FH NOKIA OYJ 5902941 5.30 1,280 6,788.20
0.20 HEXAB SS HEXAGON AB-B SHS BNZFHC1 15.10 448 6,766.05
0.20 FMG AU FORTESCUE METALS 6086253 17.69 382 6,757.54
0.20 9020 JP EAST JAPAN RAILWAY CO 6298542 75.03 90 6,752.56
0.20 2503 JP KIRIN HOLDINGS CO LTD 6493745 20.97 320 6,708.81
0.20 6301 JP KOMATSU LTD 6496584 27.74 240 6,657.87
0.20 BT/A LN BT GROUP PLC 3091357 2.82 2,317 6,542.13
0.19 8113 JP UNICHARM CORP 6911485 40.35 160 6,455.59
0.19 6752 JP PANASONIC CORP 6572707 11.44 560 6,405.02
0.19 5108 JP BRIDGESTONE CORP 6132101 46.38 138 6,400.13
0.19 COL AU COLES GROUP LTD BYWR0T5 13.14 484 6,360.81
0.19 UOB SP UNITED OVERSEAS BANK LTD 6916781 19.64 321 6,304.80
0.19 6326 JP KUBOTA CORP 6497509 20.97 300 6,289.51
0.19 CASH 1.03 6,082 6,239.99
0.19 NESTE FH NESTE OYJ B06YV46 64.84 96 6,224.32
0.19 7751 JP CANON INC 6172323 23.88 260 6,208.83
0.19 ORSTED DC ORSTED A/S BYT16L4 147.57 42 6,198.14
0.19 KBC BB KBC GROUP NV 4497749 81.32 76 6,180.21
0.19 TEF SM TELEFONICA SA 5732524 4.92 1,256 6,179.16
0.18 ORA FP ORANGE 5176177 12.17 504 6,136.08
0.18 ENGI FP ENGIE B0C2CQ3 14.84 410 6,083.79
0.18 EOAN GR E.ON SE 4942904 12.37 484 5,985.26
0.18 MAERSKB DC AP MOLLER-MAERSK A/S-B 4253048 2,985.39 2 5,970.78
0.18 8750 JP DAI-ICHI LIFE HO B601QS4 19.90 300 5,968.89
0.18 GMG AU GOODMAN GROUP B03FYZ4 16.08 370 5,949.20
0.18 UCG IM UNICREDIT SPA BYMXPS7 12.66 468 5,923.52
0.17 SWMA SS SWEDISH MATCH AB BP09MR2 9.40 610 5,733.97
0.17 G IM ASSICURAZIONI GENERALI 4056719 20.80 272 5,658.22
0.17 STM IM STMICROELECTRONICS NV 5962343 38.16 148 5,648.09
0.17 RACE IM FERRARI NV BD6G507 201.66 28 5,646.49
0.17 4612 JP NIPPON PAINT HOL 6640507 15.13 370 5,596.53
0.17 1 HK CK HUTCHISON HOLDINGS LTD BW9P816 7.67 720 5,519.44
0.16 2802 JP AJINOMOTO CO INC 6010906 24.65 220 5,423.71
0.16 EQNR NO EQUINOR ASA 7133608 21.98 244 5,363.60
0.16 8591 JP ORIX CORP 6661144 17.74 300 5,320.84
0.16 SAMPO FH SAMPO OYJ-A SHS 5226038 47.87 110 5,265.71
0.16 MOWI NO MOWI ASA B02L486 27.84 188 5,233.59
0.16 6971 JP KYOCERA CORP 6499260 64.87 80 5,189.50
0.16 AV/ LN AVIVA PLC 0216238 5.95 870 5,180.44
0.16 LGEN LN LEGAL & GENERAL GROUP PLC 0560399 3.97 1,306 5,179.50
0.15 9434 JP SOFTBANK CORP BF5M0K5 12.90 400 5,158.94
0.15 SSE LN SSE PLC 0790873 22.14 232 5,137.09
0.15 ATCOB SS ATLAS COPCO AB-B SHS BD97BS7 53.98 94 5,074.16
0.15 CCEP COCA-COLA EUROPA BYQQ3P5 62.27 81 5,043.87
0.15 8802 JP MITSUBISHI ESTATE CO LTD 6596729 17.51 288 5,043.83
0.15 8801 JP MITSUI FUDOSAN CO LTD 6597603 24.88 200 4,975.21
0.15 MT NA ARCELORMITTAL BYPBS67 30.58 162 4,953.35
0.15 823 HK LINK REIT B0PB4M7 9.82 500 4,908.75
0.14 APT AU AFTERPAY LTD BF5L8B9 81.44 59 4,804.68
0.14 16 HK SUN HUNG KAI PROPERTIES 6859927 15.45 310 4,788.80
0.14 1925 JP DAIWA HOUSE INDU 6251363 29.84 160 4,774.75
0.14 WPP LN WPP PLC B8KF9B4 14.35 330 4,735.63
0.14 REC IM RECORDATI SPA B07DRZ5 58.67 80 4,693.45
0.14 SEBA SS SEB AB-A 4813345 13.03 356 4,638.30
0.14 BEI GR BEIERSDORF AG 5107401 124.77 37 4,616.31
0.14 7309 JP SHIMANO INC 6804820 226.02 20 4,520.44
0.13 ALL AU ARISTOCRAT LEISURE LTD 6253983 31.66 142 4,495.27
0.13 7269 JP SUZUKI MOTOR CORP 6865504 42.81 104 4,452.48
0.13 DNB NO DNB ASA 4263304 22.18 200 4,436.94
0.13 JM SP JARDINE MATHESON 6472119 62.46 71 4,434.66
0.13 ABF LN ASSOC BRIT FOODS 0673123 32.78 135 4,424.86
0.13 SGRO LN SEGRO PLC B5ZN1N8 15.34 288 4,417.24
0.13 6502 JP TOSHIBA CORP 6897217 43.29 102 4,416.03
0.13 6857 JP ADVANTEST CORP 6870490 93.50 46 4,301.06
0.13 NIBEB SS NIBE INDUSTRIER AB-B SHS BN7BZM3 10.74 400 4,297.39
0.13 8053 JP SUMITOMO CORP 6858946 14.03 300 4,207.56
0.13 HEN GR HENKEL AG & CO KGAA 5002465 99.80 42 4,191.60
0.12 ACA FP CREDIT AGRICOLE SA 7262610 14.85 280 4,158.18
0.12 4536 JP SANTEN PHARM 6776606 13.81 300 4,142.07
0.12 27 HK GALAXY ENTERTAIN 6465874 7.93 520 4,123.61
0.12 6201 JP TOYOTA INDUSTRIES CORP 6900546 89.50 46 4,116.97
0.12 9735 JP SECOM CO LTD 6791591 78.92 52 4,103.91
0.12 CNHIM QX CNH INDUSTRIAL NV BDSV2V0 17.35 236 4,094.21
0.12 2267 JP YAKULT HONSHA CO LTD 6985112 59.58 68 4,051.12
0.12 2 HK CLP HOLDINGS LTD 6097017 10.08 400 4,032.65
0.12 1113 HK CK ASSET HOLDINGS LTD BYZQ077 6.69 600 4,015.90
0.12 STAN LN STANDARD CHARTERED PLC 0408284 6.84 586 4,010.86
0.12 8830 JP SUMITOMO REALTY 6858902 37.68 106 3,994.34
0.12 WPL AU WOODSIDE PETROLEUM LTD 6979728 18.71 212 3,965.96
0.12 JHX AU JAMES HARDIE-CDI B60QWJ2 35.26 112 3,949.59
0.12 NWG LN NATWEST GROUP PLC B7T7721 2.89 1,340 3,878.03
0.12 6920 JP LASERTEC CORP 6506267 192.91 20 3,858.29
0.12 2269 JP MEIJI HOLDINGS CO LTD B60DQV3 64.30 60 3,858.29
0.12 NCM AU NEWCREST MINING LTD 6637101 21.15 182 3,849.45
0.11 SHBA SS SVENSKA HAN-A BXDZ9Q1 11.30 336 3,795.36
0.11 SWEDA SS SWEDBANK AB - A SHARES 4846523 18.42 206 3,794.48
0.11 6762 JP TDK CORP 6869302 125.06 30 3,751.88
0.11 8604 JP NOMURA HOLDINGS INC 6643108 5.29 700 3,702.94
0.11 11 HK HANG SENG BANK LTD 6408374 20.54 180 3,696.64
0.11 8002 JP MARUBENI CORP 6569464 9.16 400 3,665.47
0.11 7832 JP BANDAI NAMCO HOLDINGS INC B0JDQD4 72.95 50 3,647.73
0.11 NZYMB DC NOVOZYMES A/S-B SHARES B798FW0 75.34 48 3,616.10
0.11 ORK NO ORKLA ASA B1VQF42 10.58 340 3,597.84
0.11 3 HK HONG KONG & CHINA GAS 6436557 1.56 2,310 3,595.21
0.11 6645 JP OMRON CORP 6659428 77.95 46 3,585.61
0.10 5401 JP NIPPON STEEL CORP 6642569 17.45 200 3,490.84
0.10 WIL SP WILMAR INTERNATIONAL LTD B17KC69 3.48 1,000 3,475.84
0.10 5020 JP ENEOS Holdings, Inc. B627LW9 4.31 800 3,449.00
0.10 3407 JP ASAHI KASEI CORP 6054603 11.41 300 3,423.08
0.10 KRXI S1 KINGSPAN GROUP PLC 4491235 94.82 36 3,413.49
0.10 XRO AU XERO LTD B8P4LP4 105.72 32 3,383.14
0.10 WIX WIX.COM LTD BFZCHN7 281.34 12 3,376.08
0.10 OCDO LN OCADO GROUP PLC B3MBS74 26.99 125 3,373.40
0.10 EPIA SS EPIROC AB-A BMD58R8 22.48 150 3,371.68
0.10 SKAB SS SKANSKA AB-B SHS 7142091 28.85 114 3,289.46
0.10 EDP PL EDP 4103596 5.77 566 3,267.11
0.10 8725 JP MS&AD INSURANCE B2Q4CS1 30.23 108 3,265.20
0.10 1928 JP SEKISUI HOUSE LTD 6793906 20.38 160 3,261.27
0.10 8630 JP SOMPO HOLDINGS INC B62G7K6 39.09 82 3,205.57
0.10 3283 JP NIPPON PROLOGIS REIT INC B98BC67 3,192.51 1 3,192.51
0.10 9613 JP NTT DATA CORP 6125639 15.91 200 3,181.59
0.10 6146 JP DISCO CORP 6270948 316.52 10 3,165.22
0.09 BXB AU BRAMBLES LTD B1FJ0C0 8.72 362 3,155.83
0.09 UMI BB UMICORE BF44466 61.76 51 3,149.68
0.09 ENR GR SIEMENS ENERGY AG NPV BMTVQK9 31.80 99 3,148.23
0.09 NICE IT NICE LTD 6647133 224.66 14 3,145.26
0.09 ST SP SINGAPORE TELECO B02PY22 1.74 1,800 3,135.04
0.09 AENA SM AENA SME SA BVRZ8L1 173.42 18 3,121.61
0.09 5802 JP SUMITOMO ELEC IN 6858708 15.57 200 3,113.37
0.09 6586 JP MAKITA CORP 6555805 47.02 66 3,103.55
0.09 9843 JP NITORI HOLDINGS CO LTD 6644800 172.09 18 3,097.55
0.09 CHKP CHECK POINT SOFTWARE TECH 2181334 119.12 26 3,097.12
0.09 6506 JP YASKAWA ELECTRIC CORP 6986041 48.21 64 3,085.18
0.09 INVEA SS INVESTOR AB-A SHS BMV7PN1 23.37 132 3,084.63
0.09 GBLB BB GROUPE BRUX LAMB 7097328 113.85 27 3,073.84
0.09 4684 JP OBIC CO LTD 6136749 190.73 16 3,051.71
0.09 7201 JP NISSAN MOTOR CO LTD 6642860 5.09 600 3,051.16
0.09 6701 JP NEC CORP 6640400 50.57 60 3,034.24
0.09 GLPG NA GALAPAGOS NV B07Q2V5 77.19 39 3,010.25
0.09 SRG IM SNAM SPA 7251470 6.20 480 2,974.88
0.09 4689 JP Z HOLDINGS CORP 6084848 4.91 600 2,945.29
0.09 7532 JP PAN PACIFIC INTE 6269861 21.96 134 2,942.16
0.09 9143 JP SG HOLDINGS CO LTD BFFY885 25.30 116 2,935.21
0.09 7270 JP SUBARU CORP 6356406 20.57 142 2,921.50
0.09 4307 JP NOMURA RESEARCH 6390921 32.70 88 2,877.44
0.09 MAERSKA DC AP MOLLER-MAERSK A/S-A 4253059 2,876.21 1 2,876.21
0.09 QBE AU QBE INSURANCE GROUP LTD 6715740 8.76 324 2,839.54
0.08 9021 JP WEST JAPAN RAILWAY CO 6957995 61.42 46 2,825.39
0.08 2388 HK BOC HONG KONG HO 6536112 3.50 800 2,798.37
0.08 3402 JP TORAY INDUSTRIES INC 6897143 6.97 400 2,787.21
0.08 8015 JP TOYOTA TSUSHO CORP 6900580 49.66 56 2,781.03
0.08 FORTUM FH FORTUM OYJ 5579550 28.95 96 2,779.42
0.08 6988 JP NITTO DENKO CORP 6641801 77.04 36 2,773.39
0.08 8697 JP JAPAN EXCHANGE GROUP INC 6743882 23.45 118 2,766.87
0.08 8309 JP SM TRUST HD 6431897 33.28 82 2,728.98
0.08 9064 JP YAMATO HOLDINGS CO LTD 6985565 27.60 98 2,705.26
0.08 6479 JP MINEBEA MITSUMI INC 6642406 26.51 102 2,704.35
0.08 EBS AV ERSTE GROUP BANK AG 5289837 40.93 66 2,701.11
0.08 2897 JP NISSIN FOODS HOL 6641760 73.76 36 2,655.51
0.08 6383 JP DAIFUKU CO LTD 6250025 88.23 30 2,646.78
0.08 TLS AU TELSTRA CORP LTD 6087289 2.76 946 2,610.46
0.08 1928 HK SANDS CHINA LTD B5B23W2 4.33 600 2,597.39
0.08 LUMI IT BANK LEUMI LE-ISRAEL 6076425 8.01 324 2,595.08
0.08 5713 JP SUMITOMO MET MIN 6858849 41.68 62 2,584.44
0.08 TEL NO TELENOR ASA 4732495 17.39 148 2,573.71
0.08 RYM NZ RYMAN HEALTHCARE LTD 6161525 9.32 276 2,571.50
0.08 TELIA SS TELIA CO AB 5978384 4.46 576 2,568.80
0.08 RYA ID RYANAIR HOLDINGS PLC BYTBXV3 19.72 130 2,564.08
0.08 ALFA SS ALFA LAVAL AB 7332687 35.56 72 2,560.36
0.08 STERV FH STORA ENSO OYJ-R SHS 5072673 18.47 138 2,548.77
0.08 SCG AU SCENTRE GROUP BLZH0Z7 2.20 1,148 2,521.91
0.08 CPR IM DAVIDE CAMPARI-MILANO NV BMQ5W17 13.55 185 2,506.57
0.07 TRN IM TERNA SPA B01BN57 8.03 310 2,487.81
0.07 9005 JP TOKYU CORP 6896548 14.63 170 2,486.33
0.07 ASX AU ASX LTD 6129222 58.53 42 2,458.13
0.07 5201 JP AGC INC 6055208 45.48 54 2,455.77
0.07 7011 JP MITSUBISHI HEAVY 6597067 30.54 80 2,443.40
0.07 BOL SS BOLIDEN AB BMWPW33 39.40 62 2,442.65
0.07 SUN AU SUNCORP GROUP LTD 6585084 8.74 278 2,429.97
0.07 S32 AU SOUTH32 LTD BWSW5D9 2.20 1,096 2,416.13
0.07 AGS BB AGEAS B86S2N0 60.21 40 2,408.29
0.07 3659 JP NEXON CO LTD B63QM77 23.06 104 2,397.93
0.07 4755 JP RAKUTEN GROUP INC 6229597 11.96 200 2,392.11
0.07 9962 JP MISUMI GROUP INC 6595179 35.15 68 2,390.47
0.07 SKFB SS SKF AB-B SHARES B1Q3J35 26.40 90 2,376.40
0.07 4922 JP KOSE CORP 6194468 167.72 14 2,348.08
0.07 STO AU SANTOS LTD 6776703 5.98 392 2,344.72
0.07 8601 JP DAIWA SECS GRP 6251448 5.85 400 2,341.17
0.07 7701 JP SHIMADZU CORP 6804369 37.70 62 2,337.44
0.07 SCAB SS SVENSKA CELL-B B1VVGZ5 16.85 136 2,292.13
0.07 YAR NO YARA INTERNATIONAL ASA 7751259 56.26 40 2,250.44
0.07 1876 HK BUDWEISER BREWIN BKDXJH5 3.21 700 2,245.66
0.07 9502 JP CHUBU ELEC POWER 6195609 12.43 180 2,237.21
0.07 7951 JP YAMAHA CORP 6642387 58.57 38 2,225.84
0.07 66 HK MTR CORP 6290054 5.53 400 2,213.45
0.07 ATL IM ATLANTIA SPA 7667163 19.60 112 2,194.80
0.07 6723 JP RENESAS ELECTRONICS CORP 6635677 10.87 200 2,173.81
0.07 9007 JP ODAKYU ELEC RAIL 6656106 27.08 80 2,166.17
0.06 GLOB GLOBANT SA BP40HF4 215.62 10 2,156.20
0.06 SOLB BB SOLVAY SA 4821100 134.58 16 2,153.31
0.06 2587 JP SUNTORY FOOD BEV BBD7Q84 39.11 54 2,111.97
0.06 5332 JP TOTO LTD 6897466 55.39 38 2,104.87
0.06 KINVB SS KINNEVIK AB - B BNKF607 38.63 54 2,086.16
0.06 TOM NO TOMRA SYSTEMS ASA 4730875 54.47 38 2,069.93
0.06 POLI IT BANK HAPOALIM BM 6075808 8.34 248 2,069.06
0.06 6963 JP ROHM CO LTD 6747204 92.86 22 2,043.02
0.06 IAG AU INSURANCE AUSTRALIA GROUP 6271026 3.99 512 2,040.34
0.06 8308 JP RESONA HOLDINGS INC 6421553 4.08 500 2,039.20
0.06 DXS AU DEXUS B033YN6 8.33 242 2,016.43
0.06 9042 JP HANKYU HANSHIN H 6408664 33.38 60 2,002.82
0.06 4324 JP DENTSU GROUP INC 6416281 35.34 56 1,978.81
0.06 9503 JP KANSAI ELEC PWR 6483489 9.89 200 1,978.26
0.06 NTGY SM NATURGY ENERGY GROUP SA 5650422 26.64 74 1,971.18
0.06 12 HK HENDERSON LAND D 6420538 4.92 400 1,968.65
0.06 REA AU REA GROUP LTD 6198578 131.00 15 1,964.97
0.06 JMT PL JERONIMO MARTINS B1Y1SQ7 19.21 102 1,959.28
0.06 OMV AV OMV AG 4651459 60.72 32 1,942.92
0.06 ELE SM ENDESA SA 5271782 27.67 70 1,936.74
0.06 9008 JP KEIO CORP 6487362 64.03 30 1,920.96
0.06 3064 JP MONOTARO CO LTD B1GHR88 23.85 80 1,907.86
0.06 NHY NO NORSK HYDRO ASA B11HK39 6.14 308 1,890.43
0.06 EPIB SS EPIROC AB-B BMD58W3 19.62 94 1,843.82
0.06 ICA SS ICA GRUPPEN AB B0S1651 48.10 38 1,827.78
0.05 EXO IM VSHO NV BYSLCX9 82.51 22 1,815.14
0.05 7276 JP KOITO MFG CO 6496324 64.03 28 1,792.90
0.05 9532 JP OSAKA GAS CO LTD 6661768 19.43 92 1,787.37
0.05 7259 JP AISIN CORP 6010702 44.52 40 1,780.89
0.05 1801 JP TAISEI CORP 6870100 32.93 54 1,777.98
0.05 4204 JP SEKISUI CHEMICAL CO LTD 6793821 17.14 102 1,747.86
0.05 SOF BB SOFINA 4820301 428.29 4 1,713.14
0.05 9531 JP TOKYO GAS CO LTD 6895448 19.86 86 1,708.35
0.05 9041 JP KINTETSU GROUP H 6492968 37.11 46 1,707.04
0.05 CAPL SP CAPITALAND LTD 6309303 2.80 600 1,678.35
0.05 1802 JP OBAYASHI CORP 6656407 8.39 200 1,677.20
0.05 3462 JP NOMURA REAL ESTA BYSJJF4 1,657.19 1 1,657.19
0.05 SGX SP SINGAPORE EXCHANGE LTD 6303866 8.21 200 1,642.16
0.05 KRNT KORNIT DIGITAL LTD BWFRFD7 116.00 14 1,624.00
0.05 TEL2B SS TELE2 AB-B SHS B97C733 14.12 114 1,609.98
0.05 1803 JP SHIMIZU CORP 6804400 7.96 200 1,591.70
0.05 7912 JP DAI NIPPON PRINT 6250906 22.08 72 1,590.03
0.05 SALM NO SALMAR ASA B1W5NW2 72.23 22 1,589.09
0.05 APA AU APA GROUP 6247306 7.33 215 1,576.02
0.05 4613 JP KANSAI PAINT CO LTD 6483746 26.80 58 1,554.65
0.05 KEP SP KEPPEL CORP LTD B1VQ5C0 3.87 400 1,547.16
0.05 1605 JP INPEX CORP B10RB15 7.64 200 1,528.04
0.05 AIA NZ AUCKLAND INTL AIRPORT LTD BKX3XG2 5.38 284 1,526.79
0.05 LUNE SS LUNDIN ENERGY AB 7187627 36.35 42 1,526.68
0.05 2127 JP NIHON M&A CENTER INC B1DN466 25.06 60 1,503.48
0.05 VER AV VERBUND AG 4661607 93.26 16 1,492.09
0.05 PST IM POSTE ITALIANE SPA BYYN701 14.63 102 1,492.02
0.04 3092 JP ZOZO INC B292RC1 33.79 44 1,486.74
0.04 SIA SP SINGAPORE AIRLINES LTD 6811734 3.71 400 1,483.83
0.04 EDF FP EDF B0NJJ17 14.42 102 1,471.01
0.04 4704 JP TREND MICRO INC 6125286 52.48 28 1,469.46
0.04 INDUA SS INDUSTRIVARDEN AB-A SHS B1VSK10 40.55 36 1,459.62
0.04 ORG AU ORIGIN ENERGY LTD 6214861 3.72 390 1,451.96
0.04 7202 JP ISUZU MOTORS LTD 6467104 14.23 100 1,423.44
0.04 ATM NZ A2 MILK CO LTD 6287250 4.58 310 1,418.69
0.04 SPK NZ SPARK NEW ZEALAND LTD 6881436 3.39 418 1,417.55
0.04 9001 JP TOBU RAILWAY CO LTD 6895169 28.24 50 1,412.07
0.04 INDUC SS INDUSTRIVARDEN AB-C SHS B1VSK54 38.36 36 1,380.87
0.04 AREIT SP ASCENDAS REAL ES 6563875 2.21 622 1,374.09
0.04 EDPR PL EDP RENOVAVEIS SA B39GNW2 23.87 57 1,360.84
0.04 5019 JP IDEMITSU KOSAN CO LTD B1FF8P7 25.19 54 1,360.01
0.04 8795 JP T&D HOLDINGS INC 6744294 13.43 100 1,343.40
0.04 9602 JP TOHO CO LTD 6895200 41.61 32 1,331.57
0.04 DSCT IT ISRAEL DISCOUNT BANK-A 6451271 5.12 258 1,320.01
0.04 1812 JP KAJIMA CORP 6481320 13.14 100 1,314.29
0.04 AMS SW AMS AG BPF0548 20.74 62 1,285.59
0.04 3769 JP GMO PAYMENT GATEWAY INC B06CMQ9 124.79 10 1,247.90
0.04 SYD AU SYDNEY AIRPORT B70DWB2 4.68 264 1,235.19
0.04 3003 JP HULIC CO LTD 6805317 11.90 100 1,189.69
0.04 STE SP SINGAP TECH ENG 6043214 2.93 400 1,170.17
0.03 ICL IT ICL GROUP LTD 6455530 7.27 156 1,133.88
0.03 CYBR CYBERARK SOFTWAR BQT3XY6 141.06 8 1,128.48
0.03 BMW3 GR Bayerische Motoren Werke 5756030 93.50 12 1,121.98
0.03 VOE AV VOESTALPINE AG 4943402 42.78 26 1,112.28
0.03 ALE PW ALLEGRO.EU SA BMBQDF6 16.06 68 1,092.15
0.03 LSG NO LEROY SEAFOOD GROUP ASA 4691916 9.21 118 1,086.24
0.03 4768 JP OTSUKA CORP 6267058 54.21 20 1,084.18
0.03 7181 JP JAPAN POST INSUR BYT8154 19.16 56 1,073.19
0.03 MEL NZ MERIDIAN ENERGY LTD BWFD052 3.78 278 1,049.95
0.03 ANDR AV ANDRITZ AG B1WVF68 57.40 18 1,033.12
0.03 ADE NO ADEVINTA ASA BJ0DP40 19.39 52 1,008.47
0.03 LATOB SS LATOUR INV-B BZ404X1 33.60 30 1,008.01
0.03 SCHB NO SCHIBSTED ASA-B SHS BWVFKQ3 41.75 24 1,001.89
0.03 AGL AU AGL ENERGY LTD BSS7GP5 7.25 138 1,000.95
0.03 FVRR FIVERR INTERNATIONAL LTD BKKDH30 199.48 5 997.40
0.03 3141 JP WELCIA HOLDINGS CO LTD B3CF1G6 33.15 30 994.59
0.03 GJF NO GJENSIDIGE FORSIKRING ASA B4PH0C5 23.25 42 976.59
0.03 MZTF IT MIZRAHI TEFAHOT BANK LTD 6916703 31.87 30 955.95
0.03 LUNDB SS LUNDBERGS AB-B SHS 4538002 66.94 14 937.13
0.03 8572 JP ACOM CO LTD 6049784 4.68 200 936.83
0.03 CEN NZ CONTACT ENERGY LTD 6152529 5.92 158 935.14
0.03 4091 JP NIPPON SANSO HOLDINGS 6640541 19.35 48 928.61
0.03 BEZQ IT BEZEQ THE ISRAEL 6098032 1.12 814 911.36
0.03 BG AV BAWAG GROUP AG BZ1GZ06 55.72 16 891.57
0.03 SCHA NO SCHIBSTED ASA-CL A 4790534 48.13 18 866.28
0.03 3038 JP KOBE BUSSAN CO LTD B14RJB7 28.47 30 854.06
0.03 CDI FP CHRISTIAN DIOR SE 4061393 844.69 1 844.69
0.02 6753 JP SHARP CORP 6800602 17.25 46 793.69
0.02 GENS SP GENTING SINGAPORE LTD BDRTVP2 0.66 1,200 791.68
0.02 AKRBP NO AKER BP ASA B1L95G3 32.98 24 791.49
0.02 7182 JP JAPAN POST BANK CO LTD BYT8165 8.43 90 758.83
0.02 9435 JP HIKARI TSUSHIN INC 6416322 186.73 4 746.92
0.02 RBI AV RAIFFEISEN BANK B0704T9 24.77 30 743.14
0.02 4716 JP ORACLE CORP JAPAN 6141680 90.86 8 726.91
0.02 9202 JP ANA HOLDINGS INC 6014908 25.41 28 711.56
0.02 SESG FP SES B00ZQQ2 8.07 88 710.27
0.02 CAI AV CA IMMOBILIEN ANLAGEN AG 5681046 43.14 16 690.30
0.02 MCY NZ MERCURY NZ LTD B8W6K56 4.51 138 622.68
0.02 9201 JP JAPAN AIRLINES CO LTD B8BRV46 23.22 26 603.74
0.02 AZRG IT AZRIELI GROUP LTD B5MN1W0 73.74 8 589.88
0.02 CIT SP CITY DEVELOPMENTS LTD 6197928 5.65 100 565.48
0.01 AKER NO AKER ASA-A SHARES B02R4D9 80.39 6 482.34
0.01 RRTL GZ RTL GROUP B1BK209 58.51 8 468.08
0.01 TEF/D SM TELEFONICA SA - RTS BKVF4C3 0.25 1,256 308.84
0.01 4739 JP ITOCHU TECHNO SO 6200194 30.61 10 306.06
0.01 TKA AV TELEKOM AUSTRIA AG 4635088 8.79 32 281.16
0.01 MMK AV MAYR-MELNHOF KARTON AG 4563640 220.32 1 220.32
0.01 STRS IT STRAUSS GROUP LTD 6304115 27.88 6 167.29
0.00 NEL NO NEL ASA B02NR83 2.13 60 127.92
0.00 PLUS LN PLUS500 LTD BBT3PS9 19.80 5 99.01
0.00 TPG AU TPG TELECOM LTD BMB2257 4.42 22 97.34
0.00 SHBB SS SVENSKA HAN-B BXDZ9V6 11.97 8 95.72
0.00 SEBC SS SEB AB-C 4812740 13.01 4 52.02
0.00 STR AV STRABAG SE-BR B28DT41 51.26 1 51.26
0.00 FIBI IT FIRST INTL BANK ISRAEL 6123815 33.53 1 33.53
0.00 ARD ARDAGH GROUP SA BYXR9D1 24.06 1 24.06
0.00 SPEN IT SHAPIR ENGINEERI BTF8CZ0 7.46 1 7.46
0.00 ENRG IT ENERGIX-RENEWAB B469X43 3.91 1 3.91
Holdings are subject to change.


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.

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.