EMBD


Emerging Markets Bond ETFActive

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 02/02/23

Inception Date 06/01/20
Total Expense Ratio 0.39%
Net Assets $103.52 million
NAV $22.50
Fact Sheet

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 02/02/23

Ticker EMBD
Bloomberg IOPV Ticker EMBDIV
CUSIP 37954Y350
ISIN US37954Y3505
Primary Exchange NYSE Arca
Shares Outstanding 4,600,000
Number of Holdings 199
30-Day Median Bid-Ask Spread 0.42%

Distributions As of 02/02/23

30-Day SEC Yield 5.80%
12-Month Trailing Yield 4.39%
Distribution Yield 3.15%
Distribution Frequency Monthly

ETF Prices As of 02/02/23

NAV $22.50 Daily Change $0.30 1.35%
Market Price $22.67 Daily Change $0.03 0.13%

Performance History

As of recent
(12/31/22)
As of recent
(12/31/22)
Fund NAV Market Price Benchmark
1 Year -13.05% -13.81% -18.37%
Since Inception -1.09% -1.13% -4.21%
1 Year -8.03% -7.32% -13.11%
Since Inception 0.13% 0.46% -2.91%
Year-to-Date -13.05% -13.81% -18.37%
1 Month 0.60% -1.11% 0.21%
3 Months 8.23% 9.31% 8.40%
Since Inception -2.80% -2.90% -10.52%
Year-to-Date 3.22% 4.25% 3.29%
1 Month 3.22% 4.25% 3.29%
3 Months 11.36% 13.09% 11.71%
Since Inception 0.34% 1.23% -7.57%

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of 02/02/23

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
2.72 Cash and Equivalents 1.00 2,801,505 2,801,504.77
1.93 T 0 1/8 02/28/23 BLKH0W9 1.00 2,000,000 1,994,956.55
1.88 ARAMCO 1 1/4 11/24/23 BNM52D0 0.97 2,000,000 1,940,541.08
1.56 ESKOM 6.35 08/10/28 BF2F610 1.00 1,600,000 1,605,145.15
1.52 T 3 07/31/24 BQ7Y9Q5 0.98 1,600,000 1,567,842.89
1.50 BNCE 2.72 08/11/31 BMYXTZ6 0.86 1,800,000 1,547,397.99
1.40 ICLIT 6 3/8 05/31/38 BF3SP44 1.03 1,400,000 1,439,833.85
1.37 PERU 8 3/4 11/21/33 2172833 1.29 1,100,000 1,416,511.65
1.33 JPM 3.96 01/29/27 BHQTTL3 0.98 1,400,000 1,371,623.09
1.27 EIGPRL 4.387 11/30/46 BMX5H71 0.82 1,600,000 1,310,932.96
1.25 IVYCST 6 1/8 06/15/33 BYW5KQ6 0.92 1,400,000 1,285,678.42
1.18 BAC 4.948 07/22/28 BNDK8X6 1.01 1,200,000 1,214,210.71
1.07 DPWDU 4.7 09/30/49 BJLBK60 0.92 1,200,000 1,100,158.74
1.05 IDASAL 6.53 11/15/28 BFMVHJ3 1.09 1,000,000 1,087,111.33
0.97 PEMEX 10 02/07/33 BQXLQ25 1.00 1,000,000 1,003,750.00
0.95 ANGOL 8 3/4 04/14/32 BP2R4G7 0.98 1,000,000 982,903.46
0.95 PEMEX 5.95 01/28/31 BLNBRW7 0.82 1,200,000 979,857.08
0.95 QATAR 4.4 04/16/50 BL6KL96 0.98 1,000,000 978,046.27
0.94 T 0 1/4 09/30/23 BMCV822 0.97 1,000,000 972,083.19
0.94 PETMK 4.55 04/21/50 BMD2JQ5 0.97 1,000,000 965,091.82
0.92 SOAF 4.85 09/30/29 BKRQ5R2 0.95 1,000,000 947,815.19
0.88 JPM 1.578 04/22/27 BKVKLQ1 0.91 1,000,000 910,456.02
0.88 BRAZIL 3 7/8 06/12/30 BMBT2V4 0.91 1,000,000 907,438.36
0.85 ADGB 0 3/4 09/02/23 BMZMQT5 0.98 900,000 880,387.50
0.84 GCCAMM 3.614 04/20/32 BNZHZN4 0.87 1,000,000 867,328.07
0.82 OMAN 6 1/4 01/25/31 BMXYFP2 1.05 800,000 840,826.02
0.81 JBYCMX 2 1/2 10/14/31 BNG6XN6 0.83 1,000,000 831,772.68
0.81 QATAR 4 1/2 04/23/28 BFYY529 1.04 800,000 831,150.75
0.79 ECOPET 5 7/8 05/28/45 BMQXLW5 0.74 1,100,000 818,989.50
0.79 QATAR 4 03/14/29 BJVGBQ2 1.02 800,000 816,720.88
0.79 DOMREP 4 7/8 09/23/32 BJP84G5 0.90 900,000 812,474.79
0.78 QATAR 3 7/8 04/23/23 BFX2LZ9 1.01 800,000 806,137.14
0.78 SENEGL 6 3/4 03/13/48 BF2LTP3 0.80 1,000,000 800,094.83
0.77 OCPMR 5 1/8 06/23/51 BKMGKM7 0.79 1,000,000 793,918.26
0.76 AUTOPA 4.95 07/29/35 BYNF3M2 0.98 800,000 785,633.77
0.76 ADGB 3 1/8 10/11/27 BF0M765 0.98 800,000 784,107.83
0.76 TGPERU 4 1/4 04/30/28 B7ZRB45 0.98 800,000 781,075.03
0.76 ADGB 2 1/2 04/16/25 BLGVN48 0.97 800,000 779,226.90
0.76 HYUELE 2 3/8 01/19/31 BMV7YQ7 0.78 1,000,000 779,014.31
0.75 ROMANI 4 02/14/51 BMVZ933 0.77 1,000,000 771,745.09
0.74 ARAMCO 3 1/2 04/16/29 BK0MP44 0.96 800,000 765,114.46
0.73 ARGENT 3 7/8 01/09/38 BNC1841 0.38 2,000,000 755,291.98
0.71 SASOL 5 1/2 03/18/31 BNNLH09 0.92 800,000 733,815.03
0.71 ECUA 2 1/2 07/31/35 BMGR2G8 0.52 1,400,000 730,645.32
0.71 ANGSJ 3 3/8 11/01/28 BMX71K8 0.91 800,000 726,900.78
0.70 SHJGOV 4 3/8 03/10/51 BMV3380 0.73 1,000,000 725,265.88
0.69 DOMREP 4 1/2 01/30/30 BJV2X64 0.90 800,000 716,053.51
0.69 MOROC 2 3/8 12/15/27 BMHCD58 0.89 800,000 712,726.09
0.69 OMAN 5 5/8 01/17/28 BFWM9S9 1.02 700,000 712,625.87
0.69 DOMREP 5.95 01/25/27 BYX80W0 1.01 700,000 706,814.96
0.68 PHILIP 6 3/8 10/23/34 B55JJ76 1.17 600,000 699,289.19
0.67 PEMEX 7.69 01/23/50 BMYVTL6 0.77 900,000 695,547.69
0.67 PERU 2.783 01/23/31 BMGFFR4 0.86 800,000 691,037.95
0.63 ORBIA 2 7/8 05/11/31 BMBVMW1 0.81 800,000 651,400.55
0.62 REPHUN 6 1/4 09/22/32 BPXYFH5 1.07 600,000 641,643.71
0.62 TENGIZ 3 1/4 08/15/30 BLCBBX7 0.80 800,000 636,110.83
0.61 ECUA 1 1/2 07/31/40 BMGR2K2 0.45 1,400,000 633,732.04
0.61 INDON 4.2 10/15/50 BKPS8B5 0.90 700,000 633,129.01
0.61 EGYPT 8.7002 03/01/49 BGSGVT7 0.78 800,000 627,006.86
0.60 OMAN 6 08/01/29 BHNV376 1.04 600,000 621,850.34
0.58 VIETNM 4.8 11/19/24 BSL6P96 1.00 600,000 600,092.93
0.58 MEX 4 3/4 04/27/32 BMXPS56 1.00 600,000 599,000.29
0.58 COLOM 5.2 05/15/49 BGC21T1 0.74 800,000 594,249.43
0.57 FRIDPT 6.2 04/14/52 BNYNMZ4 0.98 600,000 589,779.25
0.57 CHILE 3.24 02/06/28 BFYTTF5 0.98 600,000 585,759.18
0.56 BRAZIL 4 1/2 05/30/29 BJ6R944 0.97 600,000 580,975.97
0.56 INTLWT 5.95 12/15/39 BF19226 0.97 598,800 579,685.43
0.56 ADNOUH 4.6 11/02/47 BD6JB75 0.97 600,000 579,485.67
0.56 TRANSM 5.2 04/11/38 BNDQRF9 0.96 600,000 574,014.86
0.55 EXIMBK 3 7/8 02/01/28 BYW9648 0.95 600,000 569,752.99
0.55 SILAMX 5 3/8 04/04/32 BQ71VH1 0.95 600,000 568,897.66
0.55 SOAF 4.3 10/12/28 BYYHFB0 0.94 600,000 564,732.70
0.54 PANAMA 3.87 07/23/60 BJVN8G2 0.69 800,000 555,629.63
0.54 BIMBOA 4.7 11/10/47 BF4ZDY0 0.92 600,000 553,941.45
0.53 PEMEX 6 1/2 01/23/29 BHNZPJ4 0.92 600,000 549,728.38
0.53 CHILE 3 1/2 01/31/34 BNRNVF4 0.91 600,000 546,390.99
0.53 T 0 3/8 11/30/25 BLH34N9 0.91 600,000 546,126.72
0.53 SCCO 5 7/8 04/23/45 BWXV3J3 1.09 500,000 545,142.86
0.53 EGYPT 8 7/8 05/29/50 BMQC081 0.77 700,000 542,301.27
0.52 ARGENT 1 1/2 07/09/35 BNC1788 0.32 1,700,000 537,725.31
0.52 DOMREP 6.4 06/05/49 BGLJW45 0.89 600,000 536,674.12
0.52 PTTGC 5.2 03/30/52 BPSNPD3 0.89 600,000 531,813.28
0.52 ORBIA 5 1/2 01/15/48 BZ2Z1C6 0.89 600,000 531,237.93
0.51 INDON 5.65 01/11/53 1.06 500,000 528,131.22
0.51 INRCON 3 1/4 03/22/28 BNNLHG5 0.88 600,000 527,887.51
0.51 CCUCI 3.35 01/19/32 BMVFJF5 0.87 600,000 522,750.00
0.50 SERBIA 6 1/2 09/26/33 BPTJVP4 1.04 500,000 518,650.27
0.50 OMAN 5 3/8 03/08/27 BF04YK4 1.03 500,000 516,469.61
0.50 PTTGC 2.98 03/18/31 BNNHLV6 0.85 600,000 512,291.65
0.50 REPHUN 5 1/2 06/16/34 BMZ0K20 1.02 500,000 512,259.47
0.49 MEX 4.4 02/12/52 BNSP0K7 0.84 600,000 504,928.69
0.49 INDON 4.55 01/11/28 BNNSSB8 1.01 500,000 504,188.47
0.49 TURKEY 5 1/4 03/13/30 BKLJ975 0.84 600,000 504,165.59
0.49 AITOCU 5 1/8 08/11/61 BMCH585 0.84 600,000 502,290.08
0.48 PANAMA 3 7/8 03/17/28 BYSXF47 0.98 500,000 491,067.79
0.47 SOAF 7.3 04/20/52 BMB0723 0.96 500,000 479,479.40
0.46 PETMK 3 1/2 04/21/30 BMD2JR6 0.96 500,000 477,647.35
0.46 NGERIA 9.248 01/21/49 BGT0PS5 0.79 600,000 473,153.14
0.46 COLOM 3 1/8 04/15/31 BM8HHM7 0.78 600,000 470,821.91
0.45 FEMSA 3 1/2 01/16/50 BKKBHZ6 0.78 600,000 467,602.21
0.45 ROMANI 3 02/27/27 BNGFD66 0.93 500,000 465,937.88
0.45 VALEBZ 3 3/4 07/08/30 BMVPRC8 0.92 500,000 459,427.79
0.43 EGYPT 7.903 02/21/48 BYWJDR0 0.74 600,000 445,268.49
0.41 TURKEY 5 3/4 05/11/47 BD3N0C8 0.71 600,000 425,100.83
0.40 RAILBZ 4.2 01/18/32 BK9RV20 0.83 500,000 416,611.19
0.40 URUGUA 4.975 04/20/55 BDR8F57 1.04 400,000 416,302.33
0.40 QATAR 4.817 03/14/49 BH3JG26 1.04 400,000 414,168.62
0.40 KSA 4 1/2 04/17/30 BFNRZX0 1.02 400,000 409,439.56
0.39 PRXNA 4.987 01/19/52 BPCQJS1 0.80 500,000 398,713.97
0.39 PARGUY 4.95 04/28/31 BL6FQ07 0.99 400,000 397,588.28
0.39 SOAF 4.85 09/27/27 BD35XS1 0.99 400,000 397,366.85
0.38 PETMK 3 1/2 03/18/25 BWCH433 0.99 400,000 396,301.51
0.38 PANAMA 3 3/4 03/16/25 BWC9V16 0.99 400,000 396,265.37
0.38 JORDAN 5 3/4 01/31/27 BYWVG66 0.99 400,000 395,814.14
0.38 QATAR 3.4 04/16/25 BL6BZC0 0.99 400,000 395,643.25
0.38 BRAZIL 4 5/8 01/13/28 BYPHD82 0.98 400,000 393,744.05
0.38 ARAMCO 2 7/8 04/16/24 BK0MNZ1 0.98 400,000 393,410.87
0.37 COLOM 3 1/4 04/22/32 BN7N9J4 0.77 500,000 383,189.60
0.37 NGERIA 7.696 02/23/38 BF3TZV4 0.75 500,000 376,733.26
0.36 CDEL 3 09/30/29 BKPGX25 0.92 400,000 366,790.75
0.36 TENGIZ 4 08/15/26 BDCPB11 0.92 400,000 366,589.74
0.36 TURKEY 4 3/4 01/26/26 BMDJ3V9 0.92 400,000 366,193.18
0.34 ROMANI 3 5/8 03/27/32 BNGFH97 0.89 400,000 354,399.84
0.34 MOROC 4 12/15/50 BMHFZL7 0.70 500,000 351,430.20
0.34 ARGENT 3 1/2 07/09/41 BNC1852 0.35 1,000,000 349,703.88
0.34 PRXNA 3.832 02/08/51 BNBRK44 0.70 500,000 348,560.43
0.34 ROMANI 3 02/14/31 BMVVYM5 0.87 400,000 347,173.91
0.33 PHILIP 3.7 02/02/42 BYWYT99 0.86 400,000 343,345.07
0.33 KENINT 8 1/4 02/28/48 BF2J2B4 0.85 400,000 339,083.83
0.32 ENAPCL 4 1/2 09/14/47 BF3VLX4 0.82 400,000 328,679.18
0.32 COLOM 4 1/8 05/15/51 BM8M272 0.66 500,000 327,958.92
0.32 REPHUN 2 1/8 09/22/31 BNZJFF2 0.82 400,000 326,427.69
0.31 TURKEY 6 5/8 02/17/45 BJW06D5 0.81 400,000 323,249.86
0.31 PANAMA 4 1/2 04/01/56 BK8TZM5 0.80 400,000 320,754.33
0.31 CHILE 3 1/2 01/25/50 BKKGS47 0.79 400,000 315,565.45
0.30 EGYPT 5 7/8 02/16/31 BLH1TJ4 0.77 400,000 309,800.50
0.30 PERU 3.55 03/10/51 BMV33J1 0.77 400,000 309,758.37
0.27 ECUA 5 1/2 07/31/30 BMGR2C4 0.70 400,000 280,643.09
0.27 NGERIA 7 5/8 11/28/47 BF2RBB1 0.70 400,000 278,029.28
0.26 AGROSU 4.6 01/20/32 BMW3668 0.90 300,000 270,271.82
0.26 BHRAIN 5 1/4 01/25/33 BN4N9S6 0.90 300,000 269,153.48
0.26 PHILIP 5 1/2 01/17/48 BQBFM09 1.07 250,000 268,424.95
0.25 CHILE 4 01/31/52 BNSMDK9 0.85 300,000 254,621.39
0.24 FRIDPT 5.315 04/14/32 BNYNN06 0.98 250,000 245,579.97
0.21 REPHUN 6 3/4 09/25/52 BPXYFD1 1.10 200,000 220,872.33
0.21 GHANA 8.627 06/16/49 BF5L3S1 0.37 600,000 219,000.00
0.21 PERTIJ 6.45 05/30/44 BMW3NT0 1.07 200,000 213,786.03
0.20 PERU 5 5/8 11/18/50 B63ZT39 1.05 200,000 210,628.85
0.20 BHRAIN 6 3/4 09/20/29 BFB5LX8 1.04 200,000 208,189.12
0.20 DPWDU 4.848 09/26/28 BFCMGH7 1.03 200,000 206,771.57
0.20 SRILAN 6 3/4 04/18/28 BFWRZN1 0.34 600,000 206,740.72
0.20 SOAF 5 7/8 09/16/25 BDS54C7 1.03 200,000 206,432.66
0.20 DOMREP 7.05 02/03/31 BQXTZM2 1.03 200,000 205,538.95
0.20 KSA 4 3/8 04/16/29 BHN6649 1.02 200,000 204,188.27
0.20 REPHUN 5 1/4 06/16/29 BMY36F5 1.02 200,000 203,271.51
0.20 URUGUA 4 3/8 01/23/31 BHXJX58 1.01 200,000 202,991.13
0.20 PARGUY 5 04/15/26 BD2MDP0 1.01 200,000 202,646.12
0.20 ROMANI 5 1/4 11/25/27 BMBN001 1.01 200,000 202,363.39
0.20 INDOIS 4.4 06/06/27 BPVFTX4 1.01 200,000 201,949.87
0.19 DPWDU 3.908 05/31/23 BDB4XC4 1.00 200,000 200,429.02
0.19 IDASAL 4 3/4 05/15/25 BMDSLL2 1.00 200,000 200,425.69
0.19 KUWIB 3 1/2 03/20/27 BF1TGW4 1.00 200,000 200,347.17
0.19 QATAR 3 3/4 04/16/30 BL6BZF3 1.00 200,000 200,287.09
0.19 DOMREP 6 07/19/28 BF2WX32 1.00 200,000 200,149.66
0.19 OMAN 4 3/4 06/15/26 BZB1G08 0.99 200,000 198,637.04
0.19 UKRAIN 7 3/8 09/25/32 BF226G6 0.20 1,000,000 198,160.00
0.19 PLNIJ 4 1/8 05/15/27 BF3W9X3 0.98 200,000 196,345.99
0.19 TURKEY 5.6 11/14/24 BKDLT13 0.98 200,000 196,009.02
0.19 BRAZIL 2 7/8 06/06/25 BMFV937 0.96 200,000 192,280.81
0.18 CHILE 2 3/4 01/31/27 BNRNVH6 0.95 200,000 189,755.98
0.18 PERU 2.392 01/23/26 BMGFFS5 0.94 200,000 187,875.68
0.18 COLOM 3 7/8 04/25/27 BYX7RT3 0.93 200,000 185,912.51
0.18 DOMREP 6 1/2 02/15/48 BF2FTH7 0.93 200,000 185,763.06
0.18 TURKEY 6 1/8 10/24/28 BFZYKC3 0.92 200,000 183,085.15
0.18 MEX 5 04/27/51 BMXPS67 0.91 200,000 181,729.25
0.17 SENEGL 6 1/4 05/23/33 BZ11YY8 0.89 200,000 178,158.72
0.17 PEMEX 6.84 01/23/30 BMBTPL5 0.89 200,000 177,813.52
0.17 EIGPRL 3.545 08/31/36 BMX5H82 0.89 200,000 177,276.20
0.17 TOPTB 5 3/8 11/20/48 BG0M201 0.88 200,000 176,584.95
0.17 BRAZIL 5 5/8 02/21/47 BYM8140 0.88 200,000 175,943.56
0.17 EGYPT 5.8 09/30/27 BMGCCJ6 0.88 200,000 175,229.61
0.17 MEX 2.659 05/24/31 BN8ZSV4 0.86 200,000 172,353.55
0.17 IFHBH 3 7/8 08/15/29 BK6YK94 0.86 200,000 171,137.31
0.17 IOCMXW 5 05/07/28 BL6HVJ7 0.85 200,000 170,657.18
0.16 PERU 3 01/15/34 BNTYXY8 0.84 200,000 167,303.62
0.16 KSA 2 1/4 02/02/33 BMFDCG7 0.83 200,000 165,296.46
0.16 EGYPT 7 5/8 05/29/32 BMHWV98 0.82 200,000 163,656.51
0.16 KSA 3 3/4 01/21/55 BKVBFR3 0.81 200,000 162,916.72
0.16 DOMREP 5 7/8 01/30/60 BJV2XC0 0.80 200,000 160,902.53
0.15 ADGB 3 1/8 09/30/49 BKPGWX9 0.79 200,000 157,253.08
0.14 GHANA 8.95 03/26/51 BJ1DJB4 0.37 400,000 149,000.00
0.14 PEMEX 6.35 02/12/48 BGPYW91 0.72 200,000 144,018.91
0.13 COLOM 4 1/8 02/22/42 BN7N9P0 0.69 200,000 138,208.35
0.13 SRILAN 7.55 03/28/30 BJ7PMW6 0.34 400,000 137,831.80
0.13 REPHUN 3 1/8 09/21/51 BN6KY68 0.68 200,000 135,608.07
0.12 UKRAIN 7.253 03/15/33 BMJ17V7 0.20 600,000 118,500.00
0.10 ELSALV 7.1246 01/20/50 BJBLT29 0.49 200,000 97,779.18
0.09 UKRAIN 7 3/4 09/01/24 BZ09DX5 0.22 400,000 87,880.00
0.09 UKRAIN 7 3/4 09/01/26 BYSRS62 0.22 400,000 87,600.00
0.07 GHANA 8 1/8 03/26/32 BJ1DHP4 0.37 200,000 74,772.00
-1.89 Other receivables and payables 1.00 -1,948,083 -1,948,083.28
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 02/02/23

Macauley Duration 7.0 Years
Modified Duration 6.71%
Yield to Maturity 5.93%
Issuer Type Breakdown
Government 59.61%
Corporate 35.66%
Other 4.73%

Source: AltaVista Research, LLC

ETF Research

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Investing involves risk, including the possible loss of principal. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume.

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.

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