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Emerging Market Bonds: A Market Reshaped, A Case Renewed
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Emerging Markets Bond ETF
EMBD may fit within a fixed income sleeve of a core asset allocation. Within fixed income portfolios, investors may categorize EMBD as international debt or as an allocation with actively managed exposure to emerging market debt. The Fund's active approach allows portfolio managers to dynamically adjust exposures across geographies, industries, and currencies, seeking to capture the higher yields available in emerging markets relative to developed market debt while managing duration and credit risk.
With monthly distributions, EMBD may serve as a source of income for investors looking to diversify internationally rather than extending further along the domestic credit spectrum.
EMBD’s portfolio managers have extensive track records in actively managed emerging market debt strategies.
At a 0.39% Total Expense Ratio, EMBD offers the outperformance potential and risk management of active portfolio managers, at a competitive cost.
Adding EMBD to a portfolio could add diversification in the form of geography, yield, credit, and duration.
Emerging Market Bonds: A Market Reshaped, A Case Renewed
Global X Emerging Markets Bond ETF (EMBD) 2Q26 Commentary
Active Solutions for U.S. and Emerging Market Bond Exposure
We believe Emerging Market debt has evolved into a higher-quality asset class capable of providing meaningful portfolio diversification.
Multiple authors
Emerging Market debt rallied in the second quarter, as easing geopolitical and stagflation concerns lifted risk appetite.
Global X Research
We believe the fixed income investment narrative still has legs, and GXIG and EMBD deliver active exposure with ETFs’ liquidity and transparency.
Multiple authors
The financial statements include the Fund's disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.
The financial statements include the Fund's disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.
Overall rating out of 200 Emerging Markets Bond funds, based on risk-adjusted returns as of Sep 30, 2026.
As of Oct 30, 2026
Net Assets (%) | Security Type | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
|---|---|---|---|---|---|---|
| 1.76% | Bond - Foreign | ESKOM 6.35 08/10/28 | BF2F610 | $1.02 | 4,300,000 | $4,377,647 |
| 1.62% | Bond - Foreign | CDEL 5.95 01/08/34 | BNT9DH6 | $1.01 | 4,000,000 | $4,029,451 |
| 1.52% | Bond - Foreign |
Holdings are subject to change. "Cash" denotes U.S. dollars.
Oct 30, 2026
30-Day SEC Yield
6.29%
Trailing 12-Month Distribution (%)1
6.09%
Distribution Rate2
5.72%
Metric | 1 Year | 3 Year | 5 Year | Since Inception |
|---|---|---|---|---|
Fund NAV | +1.14% | +8.85% | +2.42% | +3.81% |
Market Price | +0.43% | +8.96% | +2.28% | +3.72% |
Benchmark | +1.16% | +9.20% | +1.39% | +2.61% |
As of Oct 30, 2026
As of Oct 30, 2026
As of Oct 30, 2026
As of Oct 30, 2026
As of Oct 30, 2026
Source: AltaVista Research, LLC
The Global X Emerging Markets Bond ETF (EMBD) is an actively managed fund sub-advised by Mirae Asset Global Investments (USA) LLC that seeks a high level of total return, consisting of both income and capital appreciation, by investing in emerging market debt. EMBD primarily invests in emerging market debt securities denominated in U.S. dollars, however, the Fund may also invest in those denominated in applicable local foreign currencies. Securities may include fixed-rate and floating-rate debt instruments issued by sovereign, quasi-sovereign, and corporate entities from emerging market countries.
EMBD’s portfolio managers incorporate both top-down macro views consistent with the firm’s Investment Committee and bottom-up fundamental research to evaluate the investment attractiveness of select countries and companies that are believed to offer superior risk-adjusted returns. The portfolio managers determine country allocation primarily based on economic indicators, industry structure, terms of trade, political environment and geopolitical issues. In addition, the portfolio managers conduct relative valuation analysis on sovereign and corporate issues to tactically identify potential opportunities to enhance the Fund’s risk-adjusted returns. The portfolio managers may dynamically adjust the top-down and bottom-up strategies of the Fund to better reflect market developments.
Distributions may contain return of capital.
The Global X Emerging Markets Bond ETF (EMBD) seeks a high level of total return—consisting of both income and capital appreciation—by investing in emerging market debt.
Actively managed and sub-advised by Mirae Asset Global Investments (USA) LLC, the Fund invests primarily in emerging market debt securities denominated in U.S. dollars, with the flexibility to allocate to those in local foreign currencies. Holdings may include fixed-rate and floating-rate debt instruments issued by sovereign, quasi-sovereign, and corporate entities across emerging market countries. The portfolio managers blend top-down and bottom-up fundamental research, assessing economic indicators, industry dynamics, terms of trade, and geopolitical factors to tactically position the Fund amid shifting global conditions. The Fund seeks to make monthly distributions.
Highlights
As of Oct 30, 2026
As of Oct 30, 2026
| ARGENT 4 1/8 07/09/35 |
| BNC1788 |
| $0.68 |
| 5,600,000 |
| $3,791,836 |
| 1.34% | Bond - Foreign | MEX 5 3/8 03/22/33 | BQT3JK4 | $0.95 | 3,500,000 | $3,326,352 |
| 1.28% | Treasury Note | T 3 5/8 08/31/27 | BVDCXT9 | $1.00 | 3,200,000 | $3,200,065 |
| 1.19% | Treasury Note | T 4 5/8 08/15/36 | C084J94 | $0.99 | 3,000,000 | $2,964,069 |
| 1.16% | Bond - Foreign | EGYPT 5.8 09/30/27 | BMGCCJ6 | $1.00 | 2,900,000 | $2,889,108 |
| 1.15% | Bond - Foreign | ARGENT 5 01/09/38 | BNC1841 | $0.72 | 4,000,000 | $2,873,587 |
| 1.12% | Bond - Foreign | TURKEY 6 1/8 10/24/28 | BFZYKC3 | $1.00 | 2,800,000 | $2,793,172 |
| 1.12% | Bond - Foreign | BRAZIL 6 5/8 03/15/35 | BQYJVK1 | $0.99 | 2,800,000 | $2,785,489 |
What is Premium/Discount Chart?
The Premium/Discount chart demonstrates the difference between the daily market price of shares of the Fund and the Fund's net asset value (NAV). The vertical axis of the chart shows the premium or discount of the daily market price as a percentage of the NAV. The horizontal axis shows each trading day in the time period, and each data point in the chart represents the Premium/Discount on that day. The data presented in the chart and table above represent past performance and cannot be used to predict future results.
How can the Fund trade at a premium/discount to its NAV?
The primary explanation is that timing discrepancies can arise between the NAV and the trading price of the Fund. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.
What causes these time discrepancies?
Close of Trading Times. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.
Time of Last Trade. Trading of Global X funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade - from which the closing price is determined - may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to deviate from the closing price.
International Holdings. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.
Distribution Frequency
Monthly
Record Date | Payable Date | Amount | |
|---|---|---|---|
| Dec 30, 2026 | Dec 30, 2026 | Jan 5, 2027 | - |
| Dec 1, 2026 | Dec 1, 2026 | Dec 4, 2026 | - |
| Nov 2, 2026 | Nov 2, 2026 | Nov 5, 2026 | - |
| Oct 1, 2026 | Oct 1, 2026 | Oct 6, 2026 | $0.11 |
| Sep 1, 2026 | Sep 1, 2026 | Sep 4, 2026 | $0.11 |
| Aug 3, 2026 | Aug 3, 2026 | Aug 6, 2026 | $0.11 |
| Jul 1, 2026 | Jul 1, 2026 | Jul 7, 2026 | $0.11 |
| Jun 1, 2026 | Jun 1, 2026 | Jun 4, 2026 | $0.11 |
| May 1, 2026 | May 1, 2026 | May 6, 2026 | $0.11 |
| Apr 1, 2026 | Apr 1, 2026 | Apr 7, 2026 | $0.12 |
| Mar 2, 2026 | Mar 2, 2026 | Mar 5, 2026 | $0.12 |
| Feb 2, 2026 | Feb 2, 2026 | Feb 5, 2026 | $0.12 |
The distribution as a percentage an investor would have received if they had held the fund over the last twelve months, assuming the most recent NAV. The Trailing 12-Month Distribution (%) is calculated by summing any income, capital gains and return of capital distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the same period. The distribution is estimated to include a return of capital. For information on the breakdown of the distributions, please see the 19a Notice. These do not imply rates for any future distributions.
The annual rate an investor would receive if the most recent fund distribution remained the same going forward. The rate represents a single distribution from the fund and does not represent total return of the fund. The distribution rate is calculated by annualizing the most recent distribution and dividing by the most recent fund NAV. The distribution is estimated to include a return of capital. For information on the breakdown of the distributions, please see the 19a Notice. These do not imply rates for any future distributions.