EMBD


Emerging Markets Bond ETFActive

Morningstar Rating™ - Overall rating out of 229 Emerging Markets Bond funds, based on risk-adjusted returns as of 08/31/2023

Reasons to Consider EMBD

Experienced Portfolio Managers

EMBD’s portfolio managers have extensive track records in actively-managed emerging market debt strategies.

Competitive Cost

At a 0.39% Total Expense Ratio, EMBD offers the outperformance potential and risk management of active portfolio managers, at a competitive cost.

High Yield Potential

By targeting emerging market debt securities, EMBD aims to offer high yields with low correlations to other fixed income securities.

Key Information As of 10/02/23

Inception Date 06/01/20
Total Expense Ratio 0.39%
Net Assets $120.67 million
NAV $20.81
Fact Sheet View the document

ETF Summary

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.

ETF Objective

The Global X Emerging Markets Bond ETF (EMBD) seeks a high level of total return consisting of both income and capital appreciation.

Trading Details As of 10/02/23

Ticker EMBD
Bloomberg IOPV Ticker EMBDIV
CUSIP 37954Y350
ISIN US37954Y3505
Primary Exchange NYSE Arca
Shares Outstanding 5,800,000
Number of Holdings 189
30-Day Median Bid-Ask Spread 0.57%
NAIC Designation Preliminary 3.C as of 03/31/23

Distributions As of 10/02/23

30-Day SEC Yield 6.75%
12-Month Trailing Yield 4.99%
Distribution Yield 5.21%
Distribution Frequency Monthly

ETF Prices As of 10/02/23

NAV $20.81 Daily Change -$0.13 -0.62%
Market Price $20.70 Daily Change -$0.08 -0.38%

Performance History

As of recent month & quarter-end (09/30/23)
As of recent month & quarter-end (09/30/23)
Fund NAV Market Price Benchmark
1 Year 9.42% 9.70% 9.51%
3 Years -2.58% -3.03% -5.01%
Since Inception -0.52% -0.77% -2.98%
1 Year 9.42% 9.70% 9.51%
3 Years -2.58% -3.03% -5.01%
Since Inception -0.52% -0.77% -2.98%
Year-to-Date 1.10% 0.36% 1.02%
1 Month -2.41% -3.38% -2.93%
3 Months -2.35% -3.77% -2.68%
Since Inception -1.73% -2.56% -9.60%
Year-to-Date 1.10% 0.36% 1.02%
1 Month -2.41% -3.38% -2.93%
3 Months -2.35% -3.77% -2.68%
Since Inception -1.73% -2.56% -9.60%

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 10/02/23

Net Assets (%) Security Type Name SEDOL Market Price ($) Shares Held Market Value ($)
3.27 Treasury Note T 3 07/31/24 BQ7Y9Q5 0.98 4,000,000 3,939,476.89
2.99 Cash CASH 1.00 3,607,705 3,607,704.56
2.47 Treasury Note T 0 1/4 11/15/23 BN7JWS2 0.99 3,000,000 2,984,768.56
1.71 Bond - Foreign PERU 8 3/4 11/21/33 2172833 1.21 1,700,000 2,059,024.26
1.44 Bond - Foreign BRAZIL 6 10/20/33 BN6QD25 0.96 1,800,000 1,733,342.60
1.36 Bond - Foreign ESKOM 6.35 08/10/28 BF2F610 0.91 1,800,000 1,646,082.88
1.24 Bond - Foreign ARAMCO 1 1/4 11/24/23 BNM52D0 1.00 1,500,000 1,495,166.49
1.20 Bond - Foreign REPHUN 6 1/4 09/22/32 BPXYFH5 0.97 1,500,000 1,447,533.66
1.16 Bond - Foreign ICLIT 6 3/8 05/31/38 BF3SP44 1.00 1,400,000 1,394,470.95
1.12 Bond - Foreign SOAF 4.85 09/30/29 BKRQ5R2 0.85 1,600,000 1,356,052.75
1.12 Bond - Foreign ADGB 2 1/2 04/16/25 BLGVN48 0.97 1,400,000 1,351,616.46
1.11 Bond - Foreign BGOSK 5 3/8 05/22/33 BNC3K29 0.96 1,400,000 1,341,088.82
1.06 Bond - Foreign OMAN 5 5/8 01/17/28 BFWM9S9 0.98 1,300,000 1,276,698.03
1.04 Mutual Fund GLOBAL X 1-3 MONTH T-BILL BNBPYF7 25.13 50,000 1,256,250.00
1.03 Bond - Foreign GCCAMM 3.614 04/20/32 BNZHZN4 0.83 1,500,000 1,241,608.98
1.02 Bond - Foreign IDASAL 6.53 11/15/28 BFMVHJ3 1.02 1,200,000 1,228,079.93
0.99 Bond - Foreign ECUA 3 1/2 07/31/35 BMGR2G8 0.37 3,200,000 1,198,495.93
0.97 Bond - Foreign IVYCST 6 1/8 06/15/33 BYW5KQ6 0.84 1,400,000 1,172,258.95
0.96 Bond - Foreign BNCE 2.72 08/11/31 BMYXTZ6 0.83 1,400,000 1,157,585.54
0.96 Bond - Foreign PETMK 4.55 04/21/50 BMD2JQ5 0.82 1,400,000 1,153,485.86
0.95 Bond - Foreign CCUCI 3.35 01/19/32 BMVFJF5 0.82 1,400,000 1,148,240.38
0.93 Bond - Foreign ROMANI 3 5/8 03/27/32 BNGFH97 0.80 1,400,000 1,126,696.36
0.90 Bond - Foreign ROMANI 3 02/27/27 BNGFD66 0.91 1,200,000 1,089,985.80
0.90 Bond - Foreign KZOKZ 6 3/8 10/24/48 BFM6YV9 0.83 1,300,000 1,084,478.96
0.89 Bond - Corporate JPM 1.578 04/22/27 BKVKLQ1 0.90 1,200,000 1,076,844.15
0.86 Bond - Foreign MOROC 2 3/8 12/15/27 BMHCD58 0.86 1,200,000 1,034,643.18
0.84 Bond - Foreign PEMEX 5.95 01/28/31 BLNBRW7 0.72 1,400,000 1,008,552.39
0.83 Bond - Foreign ANGOL 8 3/4 04/14/32 BP2R4G7 0.83 1,200,000 997,669.55
0.82 Bond - Foreign KSA 3 3/4 01/21/55 BKVBFR3 0.66 1,500,000 991,727.90
0.82 Bond - Foreign OMAN 6 1/4 01/25/31 BMXYFP2 0.99 1,000,000 991,496.42
0.81 Bond - Foreign OMAN 5 3/8 03/08/27 BF04YK4 0.97 1,000,000 973,239.29
0.80 Bond - Corporate BAC 4.948 07/22/28 BNDK8X6 0.97 1,000,000 966,019.22
0.80 Bond - Corporate JPM 3.96 01/29/27 BHQTTL3 0.96 1,000,000 961,023.18
0.77 Bond - Foreign COLOM 3 7/8 04/25/27 BYX7RT3 0.92 1,000,000 923,017.75
0.76 Bond - Foreign POLAND 5 1/2 04/04/53 BN7B125 0.92 1,000,000 917,702.00
0.76 Bond - Foreign MEX 4 3/4 04/27/32 BMXPS56 0.91 1,000,000 912,603.63
0.72 Bond - Foreign BRAZIL 4 5/8 01/13/28 BYPHD82 0.97 900,000 870,983.97
0.72 Bond - Foreign PHILIP 6 3/8 10/23/34 B55JJ76 1.08 800,000 864,714.15
0.70 Bond - Foreign DOMREP 4 1/2 01/30/30 BJV2X64 0.85 1,000,000 847,030.97
0.69 Bond - Foreign TURKEY 5 1/4 03/13/30 BKLJ975 0.83 1,000,000 826,778.85
0.68 Bond - Foreign QATAR 4.4 04/16/50 BL6KL96 0.82 1,000,000 824,507.38
0.67 Bond - Foreign DOMREP 4 7/8 09/23/32 BJP84G5 0.81 1,000,000 805,558.37
0.66 Bond - Foreign COLOM 5.2 05/15/49 BGC21T1 0.67 1,200,000 799,520.48
0.65 Bond - Foreign OMAN 6 08/01/29 BHNV376 0.99 800,000 788,616.84
0.65 Bond - Foreign PEMEX 6.84 01/23/30 BMBTPL5 0.79 1,000,000 787,853.38
0.65 Bond - Foreign INDON 4.55 01/11/28 BNNSSB8 0.98 800,000 782,552.77
0.65 Bond - Foreign INTLWT 5.95 12/15/39 BF19226 0.98 798,168 778,765.40
0.64 Bond - Foreign COSTAR 6 1/8 02/19/31 BJLPZ01 0.97 800,000 773,985.31
0.63 Bond - Foreign ADGB 3 1/8 10/11/27 BF0M765 0.94 800,000 755,621.86
0.62 Bond - Foreign HYUELE 2 3/8 01/19/31 BMV7YQ7 0.75 1,000,000 752,482.56
0.62 Bond - Foreign EXIMBK 3 7/8 02/01/28 BYW9648 0.93 800,000 743,342.39
0.61 Bond - Foreign CHILE 3.24 02/06/28 BFYTTF5 0.92 800,000 734,182.84
0.61 Bond - Foreign ARAMCO 3 1/2 04/16/29 BK0MP44 0.91 800,000 731,582.77
0.61 Treasury Note T 3 3/8 05/15/33 BQYLTK3 0.91 800,000 729,793.48
0.60 Bond - Foreign ECUA 2 1/2 07/31/40 BMGR2K2 0.33 2,200,000 726,946.31
0.60 Bond - Foreign EIGPRL 4.387 11/30/46 BMX5H71 0.72 1,000,000 724,697.75
0.60 Bond - Foreign CHILE 4 01/31/52 BNSMDK9 0.72 1,000,000 721,715.69
0.59 Bond - Foreign CKHH 4 7/8 04/21/33 2KYKB56 0.95 750,000 710,925.12
0.57 Bond - Foreign SOAF 5 7/8 04/20/32 BMB0734 0.87 800,000 693,044.59
0.57 Bond - Foreign ANGSJ 3 3/8 11/01/28 BMX71K8 0.85 800,000 682,788.63
0.56 Bond - Foreign ARGENT 4 1/4 01/09/38 BNC1841 0.30 2,300,000 681,056.43
0.56 Bond - Foreign KSA 4 3/8 04/16/29 BHN6649 0.97 700,000 678,468.02
0.55 Bond - Foreign SENEGL 6 3/4 03/13/48 BF2LTP3 0.67 1,000,000 665,144.23
0.55 Bond - Foreign PEMEX 6 1/2 01/23/29 BHNZPJ4 0.82 800,000 658,494.55
0.54 Bond - Foreign SERBIA 6 1/2 09/26/33 BPTJVP4 0.94 700,000 655,248.00
0.54 Bond - Foreign COLOM 3 1/4 04/22/32 BN7N9J4 0.72 900,000 651,189.94
0.53 Bond - Foreign REPHUN 5 1/2 06/16/34 BMZ0K20 0.92 700,000 642,446.04
0.52 Bond - Foreign ORBIA 2 7/8 05/11/31 BMBVMW1 0.78 800,000 627,133.88
0.52 Bond - Foreign ARGENT 3 5/8 07/09/35 BNC1788 0.25 2,500,000 626,097.06
0.51 Bond - Foreign SHJGOV 4 3/8 03/10/51 BMV3380 0.62 1,000,000 620,384.62
0.50 Bond - Foreign SHJGOV 6 1/2 11/23/32 BMTY4N7 1.01 600,000 608,497.59
0.50 Bond - Foreign TENGIZ 3 1/4 08/15/30 BLCBBX7 0.76 800,000 607,908.61
0.50 Bond - Foreign ECOPET 5 7/8 05/28/45 BMQXLW5 0.67 900,000 606,610.11
0.50 Bond - Foreign PARGUY 5 04/15/26 BD2MDP0 1.00 600,000 597,020.36
0.49 Bond - Foreign EGYPT 7 5/8 05/29/32 BMHWV98 0.59 1,000,000 594,021.74
0.49 Bond - Foreign ROMANI 5 1/4 11/25/27 BMBN001 0.99 600,000 592,839.39
0.49 Bond - Foreign MEX 6.35 02/09/35 BNM9D06 0.98 600,000 587,085.11
0.48 Bond - Foreign PEMEX 7.69 01/23/50 BMYVTL6 0.65 900,000 584,488.55
0.48 Bond - Foreign REPHUN 2 1/8 09/22/31 BNZJFF2 0.73 800,000 584,046.84
0.48 Bond - Foreign KSA 4 1/2 04/17/30 BFNRZX0 0.97 600,000 581,766.98
0.48 Bond - Foreign PETMK 3 1/2 03/18/25 BWCH433 0.97 600,000 581,321.14
0.48 Bond - Foreign TGPERU 4 1/4 04/30/28 B7ZRB45 0.96 600,000 576,782.37
0.48 Bond - Foreign URUGUA 4 3/8 01/23/31 BHXJX58 0.96 600,000 575,222.74
0.47 Bond - Foreign QATAR 3 3/4 04/16/30 BL6BZF3 0.95 600,000 567,646.84
0.47 Bond - Foreign SOAF 7.3 04/20/52 BMB0723 0.81 700,000 566,062.52
0.47 Bond - Foreign PARGUY 4.95 04/28/31 BL6FQ07 0.94 600,000 563,694.22
0.47 Bond - Foreign TURKEY 4 3/4 01/26/26 BMDJ3V9 0.94 600,000 562,828.50
0.46 Bond - Foreign EGYPT 8 7/8 05/29/50 BMQC081 0.56 1,000,000 559,222.95
0.46 Bond - Foreign REPHUN 6 3/4 09/25/52 BPXYFD1 0.93 600,000 556,001.37
0.46 Bond - Foreign MEX 4.4 02/12/52 BNSP0K7 0.69 800,000 550,336.24
0.46 Bond - Foreign EGYPT 5 7/8 02/16/31 BLH1TJ4 0.55 1,000,000 550,322.69
0.46 Bond - Foreign SOAF 4.85 09/27/27 BD35XS1 0.92 600,000 549,967.62
0.45 Bond - Foreign NGERIA 7 5/8 11/28/47 BF2RBB1 0.68 800,000 545,376.46
0.45 Treasury Note T 0 3/8 11/30/25 BLH34N9 0.91 600,000 543,680.84
0.45 Bond - Foreign REPHUN 3 1/8 09/21/51 BN6KY68 0.54 1,000,000 539,122.07
0.44 Bond - Foreign EGYPT 8.7002 03/01/49 BGSGVT7 0.53 1,000,000 532,879.54
0.44 Bond - Foreign SILAMX 5 3/8 04/04/32 BQ71VH1 0.89 600,000 531,252.60
0.44 Bond - Foreign SOAF 4.3 10/12/28 BYYHFB0 0.88 600,000 526,788.07
0.43 Bond - Foreign PERU 3.55 03/10/51 BMV33J1 0.65 800,000 519,538.99
0.43 Bond - Foreign QATAR 4.817 03/14/49 BH3JG26 0.86 600,000 514,956.42
0.43 Bond - Foreign ADGB 3 1/8 09/30/49 BKPGWX9 0.64 800,000 513,346.73
0.42 Bond - Foreign INRCON 3 1/4 03/22/28 BNNLHG5 0.85 600,000 511,581.92
0.42 Bond - Foreign CDEL 3 09/30/29 BKPGX25 0.84 600,000 505,555.39
0.42 Bond - Foreign ROMANI 4 02/14/51 BMVZ933 0.63 800,000 504,026.78
0.41 Bond - Foreign OMAN 4 3/4 06/15/26 BZB1G08 0.98 500,000 490,952.49
0.41 Bond - Foreign CKHH 4 3/4 04/21/28 BRJQHZ1 0.98 500,000 490,734.44
0.41 Bond - Foreign NGERIA 7.696 02/23/38 BF3TZV4 0.70 700,000 489,457.83
0.40 Bond - Foreign DOMREP 5.95 01/25/27 BYX80W0 0.97 500,000 487,251.17
0.40 Bond - Foreign DOMREP 7.05 02/03/31 BQXTZM2 0.97 500,000 485,164.04
0.40 Bond - Foreign PANAMA 6.4 02/14/35 BP0XN37 0.97 500,000 482,543.72
0.40 Bond - Foreign DOMREP 6.4 06/05/49 BGLJW45 0.80 600,000 481,078.61
0.40 Bond - Foreign ROMANI 3 02/14/31 BMVVYM5 0.80 600,000 481,054.57
0.40 Bond - Foreign CDEL 5.95 01/08/34 BNT9DH6 0.96 500,000 480,327.65
0.40 Bond - Corporate SCCO 5 7/8 04/23/45 BWXV3J3 0.95 500,000 477,184.92
0.39 Bond - Foreign PTTGC 2.98 03/18/31 BNNHLV6 0.79 600,000 472,334.08
0.39 Bond - Corporate SASOL 5 1/2 03/18/31 BNNLH09 0.78 600,000 469,021.37
0.38 Bond - Foreign PANAMA 3.87 07/23/60 BJVN8G2 0.57 800,000 455,497.88
0.37 Bond - Foreign PETMK 3 1/2 04/21/30 BMD2JR6 0.90 500,000 448,543.96
0.37 Bond - Foreign PTTGC 5.2 03/30/52 BPSNPD3 0.74 600,000 445,929.52
0.36 Bond - Foreign VALEBZ 3 3/4 07/08/30 BMVPRC8 0.86 500,000 428,765.05
0.35 Bond - Foreign FRIDPT 5.315 04/14/32 BNYNN06 0.93 450,000 418,221.64
0.34 Bond - Foreign TURKEY 5 3/4 05/11/47 BD3N0C8 0.69 600,000 411,937.50
0.34 Bond - Foreign KENINT 8 1/4 02/28/48 BF2J2B4 0.68 600,000 408,974.90
0.34 Bond - Foreign PERU 2.783 01/23/31 BMGFFR4 0.82 500,000 408,350.17
0.34 Bond - Foreign SHJGOV 6 1/2 11/23/32 BN4D0K5 1.01 400,000 405,667.39
0.33 Bond - Foreign OCPMR 5 1/8 06/23/51 BKMGKM7 0.67 600,000 401,604.36
0.33 Bond - Foreign ARAMCO 2 7/8 04/16/24 BK0MNZ1 0.99 400,000 397,978.55
0.33 Bond - Foreign SGCAZE 6 7/8 03/24/26 BD05CV0 0.99 400,000 397,755.49
0.33 Bond - Foreign CHILE 3 1/2 01/25/50 BKKGS47 0.66 600,000 395,894.22
0.33 Bond - Foreign SOAF 5 7/8 09/16/25 BDS54C7 0.98 400,000 393,842.09
0.33 Bond - Foreign QATAR 3.4 04/16/25 BL6BZC0 0.98 400,000 393,425.30
0.32 Bond - Foreign JBYCMX 2 1/2 10/14/31 BNG6XN6 0.77 500,000 386,454.16
0.32 Bond - Foreign PANAMA 3 3/4 03/16/25 BWC9V16 0.97 400,000 386,113.38
0.32 Bond - Foreign INDON 5.65 01/11/53 BNNMQT4 0.96 400,000 383,790.58
0.32 Bond - Foreign JORDAN 5 3/4 01/31/27 BYWVG66 0.96 400,000 383,582.50
0.32 Bond - Foreign DOMREP 6 07/19/28 BF2WX32 0.96 400,000 382,678.23
0.32 Bond - Foreign PHILIP 5 1/2 01/17/48 BQBFM09 0.95 400,000 379,967.42
0.31 Bond - Foreign PERU 5 5/8 11/18/50 B63ZT39 0.93 400,000 373,286.30
0.30 Bond - Foreign PANAMA 3 7/8 03/17/28 BYSXF47 0.92 400,000 366,564.14
0.30 Bond - Foreign ARGENT 3 1/2 07/09/41 BNC1852 0.26 1,400,000 363,644.19
0.29 Bond - Foreign GHANA 8 1/8 03/26/32 BJ1DHP4 0.44 800,000 349,808.00
0.29 Bond - Foreign ADNOUH 4.6 11/02/47 BD6JB75 0.87 400,000 348,867.60
0.27 Bond - Foreign PRXNA 4.987 01/19/52 BPCQJS1 0.66 500,000 328,868.87
0.27 Bond - Foreign EIGPRL 3.545 08/31/36 BMX5H82 0.81 400,000 323,674.91
0.27 Bond - Foreign TOPTB 5 3/8 11/20/48 BG0M201 0.80 400,000 321,820.08
0.26 Bond - Foreign BRAZIL 5 5/8 02/21/47 BYM8140 0.79 400,000 316,076.82
0.26 Bond - Foreign MEX 5 04/27/51 BMXPS67 0.78 400,000 311,685.98
0.26 Bond - Foreign NGERIA 9.248 01/21/49 BGT0PS5 0.78 400,000 311,539.13
0.25 Bond - Foreign EGYPT 7.903 02/21/48 BYWJDR0 0.51 600,000 306,605.54
0.25 Bond - Foreign KSA 2 1/4 02/02/33 BMFDCG7 0.76 400,000 305,308.76
0.25 Bond - Foreign TURKEY 6 5/8 02/17/45 BJW06D5 0.76 400,000 303,944.52
0.25 Bond - Foreign PHILIP 3.7 02/02/42 BYWYT99 0.75 400,000 299,613.70
0.25 Bond - Foreign COLOM 3 1/8 04/15/31 BM8HHM7 0.75 400,000 298,451.90
0.23 Bond - Foreign SRILAN 6 3/4 04/18/28 BFWRZN1 0.46 600,000 276,389.58
0.23 Bond - Foreign SRILAN 7.55 03/28/30 BJ7PMW6 0.46 600,000 275,975.98
0.23 Bond - Foreign PRXNA 3.832 02/08/51 BNBRK44 0.55 500,000 274,939.83
0.21 Bond - Foreign UKRAIN 7.253 03/15/35 BMJ17V7 0.26 1,000,000 257,126.00
0.21 Bond - Foreign BHRAIN 5 1/4 01/25/33 BN4N9S6 0.85 300,000 256,474.52
0.21 Bond - Foreign UKRAIN 7 3/8 09/25/34 BF226G6 0.26 1,000,000 256,052.00
0.21 Bond - Foreign GHANA 8.627 06/16/49 BF5L3S1 0.42 600,000 252,786.00
0.20 Bond - Foreign CKHH 4 7/8 04/21/33 BRJPH92 0.95 250,000 236,975.04
0.17 Bond - Foreign ECUA 6 07/31/30 BMGR2C4 0.52 400,000 207,356.70
0.17 Bond - Foreign VALEBZ 6 7/8 11/21/36 B1HMKF0 1.03 200,000 205,655.78
0.16 Bond - Foreign GASBCM 6.51 02/23/42 BMZQ4R1 0.98 200,000 196,492.13
0.16 Bond - Foreign ENAPCL 6.15 05/10/33 BRJQTX3 0.98 200,000 195,940.65
0.16 Bond - Foreign MOROC 6 1/2 09/08/33 BQXR5C6 0.98 200,000 195,880.57
0.16 Bond - Foreign BHRAIN 6 3/4 09/20/29 BFB5LX8 0.98 200,000 195,771.23
0.16 Bond - Foreign PERTIJ 6.45 05/30/44 BMW3NT0 0.97 200,000 193,816.77
0.16 Bond - Foreign COSTAR 6.55 04/03/34 BNW12W7 0.97 200,000 193,035.79
0.16 Bond - Foreign DPWDU 4.848 09/26/28 BFCMGH7 0.96 200,000 192,117.50
0.16 Bond - Foreign PLNIJ 4 1/8 05/15/27 BF3W9X3 0.95 200,000 190,701.77
0.16 Bond - Foreign KUWIB 3 1/2 03/20/27 BF1TGW4 0.95 200,000 189,443.23
0.15 Bond - Foreign TURKEY 6 1/8 10/24/28 BFZYKC3 0.93 200,000 186,141.20
0.15 Bond - Foreign PERU 2.392 01/23/26 BMGFFS5 0.93 200,000 185,935.27
0.15 Bond - Foreign TENGIZ 4 08/15/26 BDCPB11 0.90 200,000 180,786.96
0.15 Bond - Foreign PEMEX 10 02/07/33 BQXLQ25 0.90 200,000 179,625.37
0.15 Bond - Foreign URUGUA 5.1 06/18/50 BNB7S17 0.89 200,000 177,626.60
0.14 Bond - Foreign FRIDPT 6.2 04/14/52 BNYNMZ4 0.86 200,000 172,163.14
0.14 Bond - Foreign COLOM 4 1/8 05/15/51 BM8M272 0.56 300,000 169,326.67
0.14 Bond - Foreign GHANA 8.95 03/26/51 BJ1DJB4 0.42 400,000 168,704.00
0.13 Bond - Foreign RAILBZ 4.2 01/18/32 BK9RV20 0.79 200,000 157,323.32
0.13 Bond - Foreign DPWDU 4.7 09/30/49 BJLBK60 0.78 200,000 156,603.30
0.13 Bond - Foreign PERU 3 01/15/34 BNTYXY8 0.77 200,000 153,483.50
0.12 Bond - Foreign AITOCU 5 1/8 08/11/61 BMCH585 0.74 200,000 147,399.11
0.11 Bond - Foreign ELSALV 7.1246 01/20/50 BJBLT29 0.65 200,000 130,910.56
0.11 Bond - Foreign EGYPT 5.8 09/30/27 BMGCCJ6 0.65 200,000 130,127.47
0.11 Bond - Foreign PANAMA 4 1/2 04/01/56 BK8TZM5 0.64 200,000 128,581.71
0.10 Bond - Foreign MOROC 4 12/15/50 BMHFZL7 0.62 200,000 124,684.23
0.09 Bond - Foreign UKRAIN 7 3/4 09/01/28 BYSRS62 0.28 400,000 112,114.40
0.08 Bond - Foreign PKSTAN 7 3/8 04/08/31 BNDLS51 0.50 200,000 100,214.09
-0.05 Cash OTHER PAYABLE & RECEIVABLES 1.00 -65,402 -65,401.74
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 10/02/23

Macaulay Duration 7.5 Years
Modified Duration 7.25 Years
Yield to Maturity 7.72%
Issuer Type Breakdown
Government 64.09%
Corporate 32.35%
Other 2.06%

Source: new windowAltaVista Research, LLC

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The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales load. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three- year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

As of 08/31, EMBD was rated against the following numbers of Emerging Markets Bond funds over the following time periods: 229 during the last 3 years. With respect to these Emerging Markets Bond funds, EMBD received a Morningstar Rating of 4 stars. Past performance is not indicative of future results.

© 2023 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Preliminary National Association of Insurance Commissioners (NAIC) Designation refers to the NAIC Securities Valuation Office’s (SVO’s) opinion as to what NAIC Designation it believes the Fund would receive if owned by an insurance company and reported to the SVO. NAIC Designations are to be used solely by the state insurance regulators and by the insurance industry for financial solvency monitoring and not for purposes of investment decision-making.

The Securities Valuation Office of the National Association of Insurance Commissioners (NAIC) assigns credit quality designations to securities held by state-regulated insurance companies. NAIC Designations are opinions of credit quality that range from NAIC 1, being the highest quality, to NAIC 6, being the lowest quality. “P” is a valuation indicator used to classify perpetual preferred stock. NAIC designations allow ETFs to be reported as bonds or preferred stock (as appropriate) on NAIC Schedule D and are used to set Risk-Based Capital (RBC) requirements. NAIC designations only measure credit risk and do not measure other risks or factors that may affect repayment, such as volatility/interest rate, prepayment, extension or liquidity risk. Refer to official NAIC publication and guidance for official NAIC policies and definitions.

Preliminary NAIC Designations are the intellectual property of the National Association of Insurance Commissioners (NAIC) and are redistributed here under License. A Preliminary NAIC Designation is an opinion of the NAIC Securities Valuation Office (SVO) of the probable credit quality designation that would be assigned by the SVO to an investment if purchased by an insurance company and reported to the SVO. A Preliminary NAIC Designations is only one of the regulatory factors considered by the SVO as part of its analysis of probable regulatory treatment under the Regulatory Treatment Analysis Service. A full discussion of such other regulatory factors is set forth in the RTAS Letter provided to Global X. A Preliminary NAIC Designation cannot be used to report the ETF to state insurance regulators. However, the purchasing insurance company may obtain an NAIC Designation for the ETF by filing the security and final documents for the ETF with the SVO. The indication of probable regulatory treatment indicated by a Preliminary NAIC Designation is not a recommendation to purchase the ETF and is not intended to convey approval or endorsement of the ETF Sponsor or the ETF by the NAIC.

NAIC Designations are the intellectual property of the National Association of Insurance Commissioners (NAIC) and are redistributed here under License. An NAIC Designation is a proprietary symbol used by the NAIC Securities Valuation Office (SVO) to denote a category or band of credit risk (i.e., the likelihood of repayment in accordance with a written contract) for an issuer or for a security. NAIC Designations may be notched up or down to reflect the position of a specific liability in the issuer’s capital structure and/or the existence of other non-payment risk in the specific security. Under NAIC reporting rules, shares of an ETF are presumed to be reportable as common stock. The SVO may classify an ETF as a bond or preferred stock and assign it an NAIC Designation if it meets defined criteria. For a discussion of these criteria please call the SVO or refer to the Purposes and Procedures Manual of the NAIC Securities Valuation Office. The assignment of an NAIC Designation is not a recommendation to purchase the ETF and is not intended to convey approval or endorsement of the ETF Sponsor or the ETF by the NAIC.

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.

High yield bonds involve greater risks of default or downgrade and are more volatile than investment grade securities, due to the speculative nature of their investments. EMBD is actively managed, which could increase its transaction costs (thereby lowering its performance) and could increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate. EMBD is non-diversified.

As an actively managed Fund, EMBD does not seek to replicate a specified index and is subject to increased credit and default risk, where there is an inability or unwillingness by the issuer of a fixed income security to meet its financial obligations, debt extension risk, where an issuer may exercise its right to pay principal on an obligation later than expected, as well as interest rate/maturity risk, where the value of the Fund’s fixed income assets will decline because of rising interest rates.

EMBD may invest in securities denominated in foreign currencies. Because the Fund’s NAV is determined in U.S. dollars, the EMBD’s NAV could decline if currencies of the underlying securities depreciate against the U.S. dollar or if there are delays or limits on repatriation of such currencies. Currency exchange rates can be very volatile and can change quickly and unpredictably.

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. The 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, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. 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 JPMorgan, nor does JPMorgan 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 JPMorgan.