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 06/23/22

Inception Date 06/01/20
Total Expense Ratio 0.39%
Net Assets $103.27 million
NAV $21.51
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 06/23/22

Ticker EMBD
Bloomberg IOPV Ticker EMBDIV
CUSIP 37954Y350
ISIN US37954Y3505
Primary Exchange NYSE Arca
Shares Outstanding 4,800,000
Number of Holdings 189
30-Day Median Bid-Ask Spread 0.90%

Distributions As of 06/23/22

30-Day SEC Yield 5.28%
12-Month Trailing Yield 5.85%
Distribution Yield 4.53%
Distribution Frequency Monthly

ETF Prices As of 06/23/22

NAV $21.51 Daily Change $0.07 0.34%
Market Price $21.56 Daily Change $0.10 0.49%

Performance History

As of recent
(03/31/22)
As of recent
(03/31/22)
Fund NAV Market Price Benchmark
1 Year -5.07% -4.69% -6.86%
Since Inception 2.23% 2.67% -0.69%
1 Year -11.44% -11.85% -15.34%
Since Inception -0.19% -0.21% -3.58%
Year-to-Date -6.87% -6.84% -9.93%
1 Month -0.62% -0.33% -0.77%
3 Months -6.87% -6.84% -9.93%
Since Inception 4.11% 4.94% -1.26%
Year-to-Date -10.88% -11.60% -15.19%
1 Month 0.58% -0.74% 0.29%
3 Months -4.91% -5.42% -6.57%
Since Inception -0.38% -0.42% -7.02%

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 06/23/22

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
4.38 Cash and Equivalents 1.00 4,524,946 4,524,946.15
1.75 BRAZIL 4 1/2 05/30/29 BJ6R944 0.90 2,000,000 1,808,750.66
1.74 FABUH Float 08/08/23 BJX8J62 1.00 1,800,000 1,798,218.00
1.45 CHILE 2 3/4 01/31/27 BNRNVH6 0.94 1,600,000 1,497,886.56
1.31 BRAZIL 3 7/8 06/12/30 BMBT2V4 0.85 1,600,000 1,353,528.21
1.28 CHILE 3.24 02/06/28 BFYTTF5 0.94 1,400,000 1,320,594.77
1.24 ESKOM 6.35 08/10/28 BF2F610 0.91 1,400,000 1,275,520.40
1.22 Other receivables and payables 1.00 1,257,991 1,257,993.08
1.16 QATAR 3.4 04/16/25 BL6BZC0 0.99 1,200,000 1,193,210.40
1.10 TGPERU 4 1/4 04/30/28 B7ZRB45 0.95 1,200,000 1,140,000.00
1.10 PETMK 4.55 04/21/50 BMD2JQ5 0.95 1,200,000 1,137,451.88
1.06 GS Float 02/23/23 BD1DDF4 1.00 1,100,000 1,098,242.22
1.02 PEMEX 5.95 01/28/31 BLNBRW7 0.75 1,400,000 1,050,000.00
0.99 IDASAL 6.53 11/15/28 BFMVHJ3 1.02 1,000,000 1,019,907.45
0.98 EIBKOR Float 04/27/23 BMV7285 1.01 1,000,000 1,006,960.00
0.97 MS Float 10/24/23 BYQ74P5 1.00 1,000,000 1,001,333.71
0.97 KDB Float 02/18/23 BK52BS5 1.00 1,000,000 999,783.15
0.96 DPWDU 4.7 09/30/49 BJLBK60 0.82 1,200,000 986,964.00
0.95 T 0 1/8 02/28/23 BLKH0W9 0.98 1,000,000 982,851.56
0.95 PERU 4 1/8 08/25/27 BZ3CC12 0.98 1,000,000 981,987.23
0.95 IVYCST 6 1/8 06/15/33 BYW5KQ6 0.82 1,200,000 978,000.00
0.94 ADGB 2 1/2 04/16/25 BLGVN48 0.97 1,000,000 969,404.00
0.93 EIGPRL 4.387 11/30/46 BMX5H71 0.80 1,200,000 964,269.60
0.93 INDON 5 1/8 01/15/45 BV9RNJ8 0.96 1,000,000 963,676.22
0.93 QATAR 4.4 04/16/50 BL6KL96 0.96 1,000,000 961,300.00
0.88 T 0 3/8 11/30/25 BLH34N9 0.91 1,000,000 909,765.62
0.88 ICLIT 6 3/8 05/31/38 BF3SP44 1.00 900,000 904,012.20
0.87 OMAN 6 3/4 01/17/48 BFWM9T0 0.90 1,000,000 895,600.00
0.86 CHILE 3 1/2 01/31/34 BNRNVF4 0.89 1,000,000 888,648.61
0.86 SOAF 4.85 09/30/29 BKRQ5R2 0.88 1,000,000 882,780.00
0.85 CDEL 3 09/30/29 BKPGX25 0.88 1,000,000 875,036.47
0.84 FRIDPT 6.2 04/14/52 BNYNMZ4 0.87 1,000,000 870,620.00
0.84 ANGOL 8 3/4 04/14/32 BP2R4G7 0.86 1,000,000 862,500.00
0.83 PANAMA 3.87 07/23/60 BJVN8G2 0.71 1,200,000 852,176.92
0.80 QATAR 4 1/2 04/23/28 BFYY529 1.04 800,000 828,913.60
0.79 QATAR 4.817 03/14/49 BH3JG26 1.01 800,000 810,225.60
0.78 PANAMA 4 1/2 04/01/56 BK8TZM5 0.80 1,000,000 803,429.79
0.77 MS Float 05/08/24 BYWC119 1.00 800,000 799,778.53
0.76 ARAMCO 2 7/8 04/16/24 BK0MNZ1 0.98 800,000 784,976.00
0.76 ECOPET 5 7/8 05/28/45 BMQXLW5 0.71 1,100,000 781,550.00
0.76 ROMANI 3 02/14/31 BMVVYM5 0.78 1,000,000 779,600.00
0.74 ARAMCO 3 1/2 04/16/29 BK0MP44 0.96 800,000 766,832.00
0.74 PERU 8 3/4 11/21/33 2172833 1.28 600,000 765,405.28
0.74 MEX 4.4 02/12/52 BNSP0K7 0.76 1,000,000 760,300.40
0.73 COLOM 3 1/8 04/15/31 BM8HHM7 0.75 1,000,000 751,312.57
0.70 TRANSM 4.7 04/16/34 BJ06B85 0.91 800,000 724,000.00
0.70 SHJGOV 4 3/8 03/10/51 BMV3380 0.72 1,000,000 719,430.00
0.68 OCPMR 5 1/8 06/23/51 BKMGKM7 0.70 1,000,000 703,870.00
0.68 KDB Float 03/09/24 BMTYMC2 1.00 700,000 696,871.00
0.67 PEMEX 7.69 01/23/50 BMYVTL6 0.69 1,000,000 693,000.00
0.67 ANGSJ 3 3/8 11/01/28 BMX71K8 0.86 800,000 686,381.82
0.66 PERU 2.783 01/23/31 BMGFFR4 0.85 800,000 683,805.77
0.66 SENEGL 6 3/4 03/13/48 BF2LTP3 0.68 1,000,000 682,256.00
0.64 MOROC 2 3/8 12/15/27 BMHCD58 0.82 800,000 658,000.00
0.63 PEMEX 6 1/2 01/23/29 BHNZPJ4 0.82 800,000 655,008.00
0.63 DOMREP 4 1/2 01/30/30 BJV2X64 0.81 800,000 649,047.41
0.62 SASOL 5 1/2 03/18/31 BNNLH09 0.80 800,000 640,296.00
0.62 ORBIA 2 7/8 05/11/31 BMBVMW1 0.80 800,000 640,000.00
0.62 MOROC 4 12/15/50 BMHFZL7 0.64 1,000,000 635,680.00
0.61 TURKEY 5 1/8 02/17/28 BFWJ979 0.79 800,000 633,246.40
0.60 BTOWBZ 4 3/8 12/20/30 BMC6Q01 0.77 800,000 616,400.00
0.60 TENGIZ 3 1/4 08/15/30 BLCBBX7 0.77 800,000 614,568.00
0.59 INTLWT 5.95 12/15/39 BF19226 1.02 598,860 609,050.20
0.59 DOMREP 6.4 06/05/49 BGLJW45 0.76 800,000 608,691.38
0.59 QATAR 4 03/14/29 BJVGBQ2 1.01 600,000 604,892.54
0.58 QATAR 3 7/8 04/23/23 BFX2LZ9 1.00 600,000 602,240.40
0.58 KUWIB 3 1/2 03/20/27 BF1TGW4 1.00 600,000 598,920.00
0.58 VIETNM 4.8 11/19/24 BSL6P96 1.00 600,000 598,013.18
0.58 OMAN 6 1/4 01/25/31 BMXYFP2 0.99 600,000 593,564.40
0.57 OMAN 6 08/01/29 BHNV376 0.98 600,000 589,072.80
0.57 ARGENT 2 01/09/38 BNC1841 0.29 2,000,000 588,620.00
0.57 ADGB 3 1/8 10/11/27 BF0M765 0.98 600,000 586,800.00
0.57 KSA 3 1/4 10/26/26 BYQ6MG9 0.98 600,000 585,780.00
0.56 MEX 4 3/4 04/27/32 BMXPS56 0.96 600,000 577,664.77
0.54 SOAF 4.85 09/27/27 BD35XS1 0.94 600,000 561,780.00
0.54 COLOM 5.2 05/15/49 BGC21T1 0.69 800,000 555,583.58
0.54 DOMREP 4 7/8 09/23/32 BJP84G5 0.79 700,000 554,759.04
0.54 BIMBOA 4.7 11/10/47 BF4ZDY0 0.92 600,000 552,942.00
0.53 COLOM 5 06/15/45 BVHFBK1 0.69 800,000 548,808.00
0.53 TRANSM 5.2 04/11/38 BNDQRF9 0.91 600,000 543,000.00
0.52 AMXLMM 5 3/8 04/04/32 BQ71VH1 0.89 600,000 533,394.00
0.51 PTTGC 5.2 03/30/52 BPSNPD3 0.88 600,000 530,343.95
0.51 SOAF 4.3 10/12/28 BYYHFB0 0.88 600,000 529,500.00
0.51 EGYPT 8.7002 03/01/49 BGSGVT7 0.66 800,000 524,828.80
0.49 ECUA 0 1/2 07/31/40 BMGR2K2 0.42 1,200,000 506,402.98
0.49 IFHBH 3 7/8 08/15/29 BK6YK94 0.84 600,000 504,993.26
0.49 MEX 5 04/27/51 BMXPS67 0.84 600,000 501,118.75
0.47 OMAN 5 5/8 01/17/28 BFWM9S9 0.97 500,000 487,002.00
0.47 SENEGL 6 1/4 05/23/33 BZ11YY8 0.80 600,000 480,000.00
0.46 PANAMA 3 7/8 03/17/28 BYSXF47 0.96 500,000 477,790.18
0.46 FEMSA 3 1/2 01/16/50 BKKBHZ6 0.78 600,000 470,148.00
0.45 PETMK 3 1/2 04/21/30 BMD2JR6 0.94 500,000 467,885.17
0.45 EGYPT 8 7/8 05/29/50 BMQC081 0.67 700,000 466,844.00
0.44 TURKEY 5 1/4 03/13/30 BKLJ975 0.75 600,000 448,740.00
0.43 COLOM 3 1/4 04/22/32 BN7N9J4 0.74 600,000 441,974.02
0.41 INDON 4.2 10/15/50 BKPS8B5 0.85 500,000 426,758.92
0.41 SOAF 7.3 04/20/52 BMB0723 0.85 500,000 425,738.00
0.41 ARENRJ 4 5/8 10/15/39 BKQQYH6 0.76 550,500 418,875.45
0.40 NGERIA 9.248 01/21/49 BGT0PS5 0.69 600,000 416,250.00
0.40 KSA 4 1/2 04/17/30 BFNRZX0 1.02 400,000 408,560.00
0.40 REPHUN 5 3/8 03/25/24 BKX4SH1 1.02 400,000 407,748.80
0.39 ROMANI 4 02/14/51 BMVZ933 0.68 600,000 405,134.40
0.39 KSA 4 04/17/25 BFNF0Z1 1.01 400,000 402,438.40
0.39 DPWDU 4.848 09/26/28 BFCMGH7 1.00 400,000 400,128.80
0.39 IDASAL 4 3/4 05/15/25 BMDSLL2 1.00 400,000 398,600.00
0.38 PANAMA 3 3/4 03/16/25 BWC9V16 0.99 400,000 395,349.50
0.38 TURKEY 5 3/4 05/11/47 BD3N0C8 0.66 600,000 395,186.40
0.38 ARGENT 1 1/8 07/09/35 BNC1788 0.23 1,700,000 389,640.00
0.37 MEX 3 3/4 01/11/28 BYWP538 0.96 400,000 383,185.71
0.37 EXIMBK 3 7/8 02/01/28 BYW9648 0.96 400,000 382,149.67
0.37 ARGENT 2 1/2 07/09/41 BNC1852 0.27 1,400,000 381,905.48
0.37 EGYPT 7.903 02/21/48 BYWJDR0 0.63 600,000 377,491.20
0.36 BRAZIL 4 5/8 01/13/28 BYPHD82 0.94 400,000 375,772.01
0.36 PARGUY 4.95 04/28/31 BL6FQ07 0.94 400,000 374,810.67
0.36 PRXNA 4.987 01/19/52 BPCQJS1 0.74 500,000 369,870.40
0.36 ARAMCO 1 5/8 11/24/25 BNM5296 0.92 400,000 369,732.80
0.35 SHARSK 3.234 10/23/29 BJNPR70 0.91 400,000 364,597.60
0.35 TURKEY 5.6 11/14/24 BKDLT13 0.91 400,000 364,224.00
0.35 JORDAN 5 3/4 01/31/27 BYWVG66 0.89 400,000 357,000.00
0.34 OCPMR 6 7/8 04/25/44 BLT1XS9 0.88 400,000 350,150.40
0.34 TENGIZ 4 08/15/26 BDCPB11 0.87 400,000 348,000.00
0.33 TURKEY 4 3/4 01/26/26 BMDJ3V9 0.85 400,000 340,262.40
0.33 INRCON 3 1/4 03/22/28 BNNLHG5 0.85 400,000 338,000.00
0.33 IOCMXW 5 05/07/28 BL6HVJ7 0.84 400,000 335,880.00
0.33 PHILIP 3.7 02/02/42 BYWYT99 0.84 400,000 335,280.00
0.32 PTTGC 2.98 03/18/31 BNNHLV6 0.83 400,000 333,564.09
0.32 GCCAMM 3.614 04/20/32 BNZHZN4 0.83 400,000 331,925.30
0.32 AITOCU 5 1/8 08/11/61 BMCH585 0.81 400,000 325,821.82
0.31 PEMEX 6.84 01/23/30 BMBTPL5 0.81 400,000 323,000.00
0.31 DOMREP 6.85 01/27/45 BV0L861 0.81 400,000 322,408.58
0.31 PRXNA 3.832 02/08/51 BNBRK44 0.63 500,000 315,550.75
0.30 NGERIA 7.696 02/23/38 BF3TZV4 0.62 500,000 312,000.00
0.30 COLOM 4 1/8 05/15/51 BM8M272 0.62 500,000 308,564.02
0.30 DOMREP 6 1/2 02/15/48 BF2FTH7 0.77 400,000 308,407.44
0.30 CHILE 3 1/2 01/25/50 BKKGS47 0.77 400,000 307,350.29
0.30 CFELEC 3 7/8 07/26/33 BP92799 0.77 400,000 306,000.00
0.29 ECUA 1 07/31/35 BMGR2G8 0.51 600,000 303,415.11
0.29 ENAPCL 4 1/2 09/14/47 BF3VLX4 0.74 400,000 294,000.00
0.28 GHANA 8.627 06/16/49 BF5L3S1 0.48 600,000 286,500.00
0.28 UKRAIN 7 3/8 09/25/32 BF226G6 0.29 1,000,000 285,300.00
0.26 EGYPT 5 7/8 02/16/31 BLH1TJ4 0.67 400,000 269,712.00
0.26 ROMANI 3 02/27/27 BNGFD66 0.88 300,000 264,688.80
0.25 KENINT 8 1/4 02/28/48 BF2J2B4 0.66 400,000 262,000.00
0.25 AGROSU 4.6 01/20/32 BMW3668 0.87 300,000 259,533.08
0.24 BHRAIN 5 1/4 01/25/33 BN4N9S6 0.84 300,000 252,414.00
0.24 CHILE 4 01/31/52 BNSMDK9 0.83 300,000 248,555.53
0.22 FRIDPT 5.315 04/14/32 BNYNN06 0.91 250,000 227,500.00
0.22 PHILIP 6 3/8 10/23/34 B55JJ76 1.13 200,000 225,379.50
0.20 PERU 5 5/8 11/18/50 B63ZT39 1.04 200,000 208,766.34
0.20 SRILAN 6 3/4 04/18/28 BFWRZN1 0.34 600,000 206,405.48
0.20 URUGUA 4 3/8 01/23/31 BHXJX58 1.02 200,000 203,693.90
0.20 PERTIJ 6.45 05/30/44 BMW3NT0 1.01 200,000 202,997.58
0.20 KSA 4 3/8 04/16/29 BHN6649 1.01 200,000 202,993.60
0.19 FABUH Float 07/08/24 BGMG245 1.00 200,000 200,028.00
0.19 INDON 2.95 01/11/23 BFNN453 1.00 200,000 199,800.00
0.19 DPWDU 3.908 05/31/23 BDB4XC4 1.00 200,000 199,750.00
0.19 INDOIS 4.4 06/06/27 BPVFTX4 0.99 200,000 198,281.42
0.19 QATAR 3 3/4 04/16/30 BL6BZF3 0.99 200,000 198,276.00
0.19 PETMK 3 1/2 03/18/25 BWCH433 0.99 200,000 198,099.28
0.19 PARGUY 5 04/15/26 BD2MDP0 0.99 200,000 197,612.21
0.19 BHRAIN 6 3/4 09/20/29 BFB5LX8 0.98 200,000 195,544.00
0.19 GHANA 8.95 03/26/51 BJ1DJB4 0.49 400,000 194,000.00
0.19 PLNIJ 4 1/8 05/15/27 BF3W9X3 0.96 200,000 192,098.00
0.18 BRAZIL 2 7/8 06/06/25 BMFV937 0.95 200,000 189,432.27
0.18 DOMREP 6 07/19/28 BF2WX32 0.95 200,000 189,000.00
0.18 KALLPA 4 1/8 08/16/27 BF53JC3 0.91 200,000 182,500.00
0.17 KENINT 6 7/8 06/24/24 BNG7XW8 0.86 200,000 172,300.00
0.17 MEXCAT 3 7/8 04/30/28 BFB5MM4 0.86 200,000 171,952.00
0.17 UKRAIN 7.253 03/15/33 BMJ17V7 0.29 600,000 171,600.00
0.16 KSA 2 1/4 02/02/33 BMFDCG7 0.83 200,000 166,500.00
0.16 PERU 3 01/15/34 BNTYXY8 0.82 200,000 164,954.02
0.16 KSA 3 3/4 01/21/55 BKVBFR3 0.82 200,000 164,800.00
0.16 MEX 2.659 05/24/31 BN8ZSV4 0.82 200,000 164,755.47
0.16 TURKEY 6 1/8 10/24/28 BFZYKC3 0.82 200,000 163,184.00
0.15 BRAZIL 5 5/8 02/21/47 BYM8140 0.79 200,000 157,727.45
0.15 ADGB 3 1/8 09/30/49 BKPGWX9 0.78 200,000 156,043.60
0.15 REPHUN 2 1/8 09/22/31 BNZJFF2 0.77 200,000 154,013.20
0.15 PERU 3.55 03/10/51 BMV33J1 0.76 200,000 152,064.57
0.14 MOROC 3 12/15/32 BMHLJ13 0.73 200,000 146,324.00
0.14 TURKEY 6 5/8 02/17/45 BJW06D5 0.72 200,000 143,300.00
0.14 EGYPT 7 5/8 05/29/32 BMHWV98 0.71 200,000 142,040.00
0.14 DOMREP 5 7/8 01/30/60 BJV2XC0 0.70 200,000 140,473.61
0.13 SRILAN 7.55 03/28/30 BJ7PMW6 0.34 400,000 137,856.44
0.13 REPHUN 3 1/8 09/21/51 BN6KY68 0.66 200,000 131,000.00
0.13 COLOM 4 1/8 02/22/42 BN7N9P0 0.65 200,000 129,150.14
0.12 UKRAIN 7 3/4 09/01/24 BZ09DX5 0.31 400,000 123,840.00
0.12 PEMEX 6.35 02/12/48 BGPYW91 0.61 200,000 122,365.19
0.12 UKRAIN 7 3/4 09/01/26 BYSRS62 0.31 400,000 122,024.00
0.12 NGERIA 7 5/8 11/28/47 BF2RBB1 0.61 200,000 121,900.00
0.10 GHANA 8 1/8 03/26/32 BJ1DHP4 0.49 200,000 98,682.00
0.06 ELSALV 7.1246 01/20/50 BJBLT29 0.33 200,000 66,440.62
Holdings are subject to change.

ETF Characteristics As of 06/23/22

Macauley Duration 9.8 Years
Yield to Maturity 6.74%
Issuer Type Breakdown
Government 57.89%
Corporate 31.87%
Other 10.24%

Source: AltaVista Research, LLC

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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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