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EMFM

MSCI Next Emerging & Frontier ETF

Invest in EMFM
Overview Prices & Performance Holdings & Characteristics Research Documents

Reasons to Consider EMFM

High Growth Potential

EMFM seeks to improve upon traditional emerging market (EM) funds by excluding the slower-growing, developed EMs of Brazil, Russia, India, China, South Korea and Taiwan, while including higher growth potential frontier markets.

Broad Geographic Exposure

In a single trade, EMFM offers access to 200+ securities from more than two dozen emerging and frontier market countries.1

Multi-Sector Approach

In addition to balancing geographic exposure, EMFM tracks an index that caps sector concentration at 30%, ensuring stocks are selected from a range of industries.

1Holdings are subject to change. Refer to the EMFM index methodology summary for more details.

Key Information As of 06/02/23

Inception Date 11/06/13
Total Expense Ratio 0.55%
Net Assets $22.72 million
NAV $18.32
Fact Sheet

ETF Summary

The Global X MSCI Next Emerging & Frontier ETF (EMFM) provides investors broad exposure to frontier and next emerging markets, while excluding the more developed emerging markets of Brazil, Russia, India, and China (BRICs), as well as South Korea and Taiwan.

ETF Objective

The Global X MSCI Next Emerging & Frontier ETF (EMFM) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Select Emerging and Frontier Markets Access Index.

Trading Details As of 06/02/23

Ticker EMFM
Bloomberg Index Ticker NU722163
CUSIP 37950E218
ISIN US37950E2182
Primary Exchange NYSE Arca
Shares Outstanding 1,240,000
Number of Holdings 213
30-Day Median Bid-Ask Spread 0.55%

Distributions As of 06/02/23

30-Day SEC Yield 2.65%
Distribution Frequency Semi-Annually
 Distribution History

ETF Prices As of 06/02/23

NAV $18.32 Daily Change $0.19 1.05%
Market Price $18.34 Daily Change $0.13 0.71%

Performance History

Premium Discount Chart
As of recent
(03/31/23)
As of recent
(03/31/23)
Fund NAV Market Price Index
1 Year -12.61% -11.98% -12.06%
3 Years 11.63% 11.79% 12.50%
5 Years -2.47% -2.54% -1.75%
Since Inception -0.82% -0.76% -0.11%
1 Year -8.97% -8.49% -8.45%
3 Years 6.66% 6.71% 7.50%
5 Years -1.57% -1.67% -0.83%
Since Inception -1.06% -1.07% -0.35%
Year-to-Date 1.81% 2.13% 1.93%
1 Month 1.59% 1.80% 1.60%
3 Months 1.81% 2.13% 1.93%
Since Inception -7.46% -6.90% -1.04%
Year-to-Date -0.66% -1.04% -0.44%
1 Month -4.68% -4.99% -4.64%
3 Months -0.88% -1.36% -0.76%
Since Inception -9.71% -9.79% -3.34%

The Fund name, investment objective, and investment strategies changed effective January 16, 2019. Index performance reflects the performance of the Solactive Next Emerging & Frontier Index through January 15, 2019, and the MSCI Select Emerging and Frontier Markets Access Index thereafter.

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 06/02/23

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
2.08 EAND UH EMIRATES TELECOM GROUP CO 6322173 6.25 75,672 472,621.65
1.90 NBK KK NATIONAL BANK OF KUWAIT 6889526 2.98 144,786 431,698.14
1.89 WALMEX* MM WALMART DE MEXIC BW1YVH8 3.85 111,580 429,522.05
1.84 STC AB SAUDI TELECOM CO B12M7Q5 11.26 37,092 417,825.21
1.77 TLKM IJ TELKOM INDONESIA BD4T6W7 0.27 1,492,765 402,319.59
1.73 BBCA IJ BANK CENTRAL ASIA TBK PT B01C1P6 0.60 650,125 392,503.75
1.65 CEZ CP CEZ AS 5624030 47.13 7,957 375,029.39
1.59 SAUDI RIYAL 0.27 1,356,966 361,790.03
1.54 GFNORTEO MM GRUPO F BANORT-O 2421041 8.08 43,364 350,424.18
1.35 UAE DIRHAM 0.27 1,127,962 307,099.85
1.31 BBRI IJ BANK RAKYAT INDO 6709099 0.37 799,734 297,432.76
1.29 SMPH PM SM PRIME HOLDINGS INC 6818843 0.59 499,798 293,735.83
1.29 GAPB MM AERO DEL PACIF-B B0ZV104 17.80 16,436 292,582.05
1.29 VIC VN VINGROUP JSC B27Y417 2.21 132,029 292,367.00
1.26 CPALL-R TB CP ALL PCL-NVDR B08YDH1 1.83 156,123 285,914.72
1.20 RJHI AB AL RAJHI BANK B12LZH9 19.28 14,145 272,664.70
1.17 ALDAR UH ALDAR PROPERTIES PJSC B0LX3Y2 1.40 190,546 266,135.12
1.17 DNP PW DINO POLSKA SA BD0YVN2 109.55 2,417 264,770.83
1.16 ASII IJ ASTRA INTERNATIO B800MQ5 0.43 610,429 262,659.58
1.16 TNB MK TENAGA NASIONAL BHD 6904612 2.06 127,600 262,587.00
1.12 HPG VN HOA PHAT GROUP JSC B29CC15 0.92 276,421 254,261.41
1.11 SHP SJ SHOPRITE HOLDINGS LTD 6801575 10.22 24,678 252,107.30
1.08 IQCD QD INDUSTRIES QATAR 6673570 3.30 74,564 245,815.38
1.08 BDMS-R TB BANGKOK DUS-NVDR B013SV4 0.83 297,607 245,582.32
1.08 GOTO IJ GOTO GOJEK TOKOP BQ3R601 0.01 25,024,500 245,403.70
1.06 VHM VN VINHOMES JSC BFZBXH0 2.27 106,257 241,632.02
1.03 ASURB MM AERO DEL SURES-B 2639349 28.16 8,338 234,764.09
1.02 PBK MK PUBLIC BANK BERHAD B012W42 0.83 280,035 231,246.82
1.00 AOT-R TB AIRPORTS OF-NVDR 6741206 2.05 110,722 226,813.80
0.91 SNB AB THE SAUDI NATIONAL BANK BSHYYN1 9.77 21,229 207,439.40
0.91 SBK SJ STANDARD BANK GROUP LTD B030GJ7 7.95 25,843 205,571.28
0.88 VNM VN VIET NAM DAIRY P B16GLK5 2.81 71,296 200,081.18
0.87 SNP RO OMV PETROM SA 7180411 0.11 1,850,337 197,899.14
0.87 SM PM SM INVESTMENTS CORP B068DB9 16.46 12,001 197,529.65
0.83 ADVANC-R TB ADVANCED IN-NVDR 6412609 6.14 30,773 188,892.54
0.81 MAREL IR MAREL HF 4907958 3.21 57,014 183,234.62
0.80 ALE PW ALLEGRO.EU SA BMBQDF6 8.67 20,930 181,424.47
0.77 FUNO11 MM FIBRA UNO B671GT8 1.42 123,626 175,578.19
0.77 ADNOCDIS UH ABU DHABI NATION BYVGM64 1.12 154,729 173,982.98
0.75 CDB MK CELCOMDIGI BHD 6086242 0.98 174,266 170,554.16
0.75 MULTIPLY UH MULTIPLY GROUP BP0PMS1 0.88 194,046 170,116.15
0.75 MSN VN MASAN GROUP CORP B59R0P1 3.08 55,052 169,498.97
0.74 KAP LI NAC KAZATOG-REGS BGXQL36 26.50 6,383 169,149.50
0.70 TUPRS TI TUPRAS B03MYT9 3.33 47,707 159,061.40
0.69 BIMAS TI BIM BIRLESIK MAGAZALAR AS B0D0006 6.98 22,417 156,564.88
0.68 ALI PM AYALA LAND INC 6055112 0.46 334,138 155,128.03
0.68 QIBK QD QATAR ISLAMIC BANK 6713982 4.87 31,857 154,996.56
0.68 OPAP GA OPAP SA 7107250 17.16 8,998 154,412.46
0.68 HTO GA HELLENIC TELECOM 5051605 15.71 9,808 154,111.29
0.66 CLS SJ CLICKS GROUP LTD 6105578 12.42 12,012 149,142.43
0.65 PTTEP-R TB PTT EXPLOR-NVDR B1359L2 4.13 36,026 148,641.48
0.65 BMRI IJ BANK MANDIRI 6651048 0.34 438,444 147,707.95
0.63 PTG MK PETRONAS GAS BHD 6703972 3.64 39,006 142,134.37
0.61 PKO PW PKO BANK POLSKI SA B03NGS5 8.23 16,862 138,717.47
0.60 EMIRATES UH EMIRATES NBD PJSC B28PFX8 3.76 36,513 137,186.57
0.60 KIMBERA MM KIMBERLY-CLA M-A 2491914 2.07 65,491 135,604.54
0.60 AMR UH AMERICANA RESTAU BPCMH29 1.08 125,227 135,354.74
0.59 SAFCOM KN SAFARICOM PLC B2QN3J6 0.12 1,102,711 134,661.03
0.59 QGTS QD QATAR GAS TRANSP B0MLBC9 1.10 122,466 134,241.58
0.59 NRP SJ NEPI ROCKCASTLE N.V. BLF9GQ6 5.90 22,585 133,169.63
0.58 ABG SJ ABSA GROUP LTD BFX05H3 8.00 16,339 130,774.65
0.57 QFLS QD QATAR FUEL QSC 6516556 4.40 29,501 129,674.73
0.57 HAR SJ HARMONY GOLD MNG 6410562 4.72 27,343 129,041.34
0.55 ADCB UH ABU DHABI COMMERCIAL BANK 6545464 2.21 56,434 124,916.00
0.54 CIMB MK CIMB GROUP HOLDINGS BHD 6075745 1.05 117,679 123,656.14
0.52 CPI SJ CAPITEC BANK HOLDINGS LTD 6440859 70.79 1,679 118,860.42
0.51 MPHC QD MESAIEED PETROCH BK4Z0B1 0.54 215,993 115,769.87
0.50 BDO PM BDO UNIBANK INC B5VJH76 2.49 45,694 113,958.10
0.50 SULAIMAN AB DR SULAIMAN AL H BLGM738 69.85 1,628 113,721.71
0.50 SQUARE BD SQUARE PHARMACEU 6833802 1.96 57,869 113,170.36
0.50 EREGL TI EREGLI B03MS97 1.64 69,018 112,860.45
0.50 PZU PW PZU B63DG21 9.66 11,657 112,618.07
0.49 KSPI LI JSC KASPI.KZ GDR-REG S BMXZ8G7 76.40 1,468 112,155.20
0.48 PPC GA PUBLIC POWER CORP 7268298 10.59 10,371 109,843.43
0.48 URC PM UNIVERSAL ROBINA CORP 6919519 2.54 42,844 108,844.23
0.48 PEP MK PPB GROUP BERHAD 6681669 3.44 31,543 108,462.44
0.47 TLEVICPO MM GRUPO TELEV-CPO 2380108 0.97 110,265 107,344.87
0.46 MAXIS MK MAXIS BHD B5387L5 0.90 115,845 103,760.68
0.46 GULF-R TB GULF ENERGY DE-R BFN4H35 1.36 76,076 103,527.24
0.45 VRE VN VINCOM RETAIL JSC BZ0WW59 1.15 89,090 102,814.39
0.45 BH-R TB BUMRUNGRAD-NVDR B0166J7 6.66 15,325 102,055.74
0.45 QEWS QD QATAR ELECTRICIT 6566614 4.68 21,613 101,236.72
0.45 TCELL TI TURKCELL B03MYN3 1.70 59,496 101,049.21
0.44 CPN-R TB CENTRAL PATTANA PCL-NVDR B013L15 1.91 52,381 100,098.33
0.44 NESZ MK NESTLE (MALAYSIA) BERHAD 6629335 28.79 3,432 98,817.61
0.43 FALAB CI FALABELLA SA 2771672 2.26 43,486 98,085.60
0.43 CBQK QD COMMERCIAL BANK PSQC 6150448 1.56 62,473 97,485.34
0.42 CHILE CI BANCO DE CHILE 2100845 0.11 877,430 95,696.62
0.42 SLM SJ SANLAM LTD B0L6750 2.76 34,392 94,976.50
0.42 NED SJ NEDBANK GROUP LTD 6628008 10.64 8,886 94,527.26
0.40 DANGCEM NL DANGOTE CEMENT PLC B4TFNR1 0.62 146,538 91,438.45
0.40 RIBL AB RIYAD BANK B12LZW4 8.43 10,650 89,727.25
0.39 COLOMBIAN PESO 0.00 390,992,502 89,626.51
0.39 TLV RO BANCA TRANSILVANIA SA 5393307 4.05 21,857 88,595.42
0.39 AMRT IJ SUMBER ALFARIA T BCDBLJ9 0.18 502,777 88,547.78
0.39 PEO PW BANK PEKAO SA 5473113 24.89 3,548 88,317.90
0.39 SECO AB SAUDI ELECTRICITY CO B132NM2 5.65 15,521 87,729.01
0.38 KLBF IJ KALBE FARMA TBK PT B7311V6 0.14 638,618 86,483.96
0.37 TEL PM PLDT INC BDGN274 22.45 3,758 84,377.67
0.37 AXIATA MK AXIATA GROUP BERHAD B2QZGV5 0.61 136,600 83,556.53
0.36 MRP SJ MR PRICE GROUP LTD BYXW419 6.55 12,626 82,739.01
0.36 PINFRA* MM PROMOTORA Y OPER 2393388 10.06 8,206 82,585.69
0.36 MER PM MANILA ELECTRIC COMPANY B247XZ6 5.87 13,986 82,071.88
0.36 DIB UH DUBAI ISLAMIC BANK 6283452 1.44 55,952 80,737.72
0.35 GFINBURO MM GRUPO FIN INB-O 2822398 2.37 33,655 79,888.03
0.35 MCG SJ MULTICHOICE GROUP LTD BHZSKR4 5.12 15,395 78,802.41
0.35 ADIB UH ABU DHABI ISLAMIC BANK 6001728 2.80 28,066 78,552.25
0.35 EEC AB ETIHAD ETISALAT CO B12LR51 11.16 7,032 78,462.47
0.35 HEKTS TI HEKTAS TICARET T.A.S B03MTG1 1.41 55,521 78,298.16
0.34 ASELS TI ASELSAN ELEKTRONIK SANAYI B03MP41 2.35 33,293 78,188.35
0.34 EA-R TB ENERGY ABSOLUTE PCL-NVDR B9L4K92 1.77 43,580 77,286.28
0.34 MABANEE KK MABANEE CO KPSC B00PQY0 2.39 32,287 77,266.24
0.34 MARK QD MASRAF AL RAYAN B0VR7W0 0.71 107,836 77,025.71
0.33 PGE PW PGE SA B544PW9 1.69 44,618 75,540.89
0.33 PPH SJ PEPKOR HOLDINGS LTD BFXG366 0.75 100,327 75,347.21
0.33 BRES QD BARWA REAL ESTATE CO B0YTG26 0.71 105,508 74,522.27
0.33 VCB VN BANK FOR FOREIGN B622TR5 4.04 18,306 73,980.17
0.33 CPIN IJ CHAROEN POK INDO 6315344 0.33 223,676 73,862.32
0.32 COMI EY COMMERCIAL INTL 6243898 1.70 42,261 71,939.44
0.31 ATW MC ATTIJARIWAFA BANK BMX3JT1 42.70 1,664 71,048.29
0.31 REM SJ REMGRO LTD 6290689 6.90 10,235 70,580.78
0.31 UNVR IJ UNILEVER INDONESIA TBK PT 6687184 0.30 231,376 69,922.17
0.31 SABB AB SAUDI BRITISH BANK B12LSY7 9.61 7,245 69,635.60
0.31 PETD MK PETRONAS DAGANGAN BHD 6695938 4.68 14,812 69,246.71
0.30 BPI PM BANK PHILIPPINE 6074968 1.79 38,198 68,339.53
0.30 ALMARAI AB ALMARAI CO B137VV2 14.53 4,665 67,785.35
0.29 ETE GA NATIONAL BANK OF GREECE BG087C6 6.22 10,614 66,027.29
0.29 ALPHA GA ALPHA SERVICES A BZ1MXR7 1.52 43,172 65,473.86
0.28 VJC VN VIETJET AVIATION JSC BYP2451 4.12 15,380 63,399.72
0.28 INDF IJ INDOFOOD SUKSES 6283979 0.47 133,195 63,087.69
0.28 T MK TELEKOM MALAYSIA BHD 6868398 1.11 56,755 62,985.34
0.28 QLG MK QL RESOURCES BHD B00G234 1.15 54,467 62,825.94
0.28 BEXIMC BD BEXIMCO EXPORT 6097987 1.08 58,288 62,808.47
0.27 MAKRO-R TB SIAM MAKRO PUBLIC CO-NVDR 6361648 1.09 56,900 62,192.54
0.27 TOPG MK TOP GLOVE CORP BHD B05L892 0.25 245,205 61,602.57
0.27 ALINMA AB ALINMA BANK B39NWT3 8.55 7,117 60,815.27
0.27 SPL PW SANTANDER BANK POLSKA SA 7153639 87.45 693 60,599.56
0.27 HMPRO-R TB HOME PRODUCT-NVD 6418555 0.40 151,133 60,387.56
0.27 ARI SJ AFRICAN RAINBOW 6041122 11.09 5,447 60,381.67
0.27 JARIR AB JARIR MARKETING CO B128FM5 4.59 13,160 60,349.27
0.26 BSAN CI BANCO SANTANDER CHILE 2000257 0.05 1,277,244 58,762.36
0.26 YANSAB AB YANBU NATIONAL P B128CF7 11.33 5,150 58,355.77
0.25 RNI SJ REINET INVESTMENTS SCA BF52QF2 20.94 2,658 55,668.81
0.25 INTUCH-R TB INTOUCH HOLDINGS PCL-NVDR 6397557 2.14 25,966 55,634.72
0.24 ICBP IJ INDOFOOD CBP SUK B4LD3M8 0.78 70,922 55,356.06
0.24 OMU SJ OLD MUTUAL LTD BDVPYN5 0.57 95,254 54,544.14
0.24 MOUWASAT AB MOUWASAT MEDICAL B403QG4 59.19 916 54,217.08
0.24 CRC-R TB CENTRAL RETAIL-R BKV24W4 1.17 46,316 53,976.66
0.24 TRUE-R TB TRUE CORP PCL/NEW-NVDR BQKRHP6 0.19 279,300 53,373.29
0.23 BBNI IJ BANK NEGARA INDO 6727121 0.60 88,138 53,212.07
0.23 ELM AB ELM CO BNYDSH8 118.27 449 53,103.79
0.23 QIIK QD QATAR INTERNATIO 6571544 2.74 19,072 52,348.45
0.23 HLBK MK HONG LEONG BANK BERHAD 6436892 4.14 12,612 52,238.89
0.23 LH-R TB LAND & HOUSES PUB - NVDR 6581941 0.24 213,635 51,959.00
0.23 NVL VN NO VA LAND INVES BYZCMP7 0.59 87,546 51,634.71
0.23 NIGERIAN NAIRA 0.00 23,801,745 51,214.08
0.22 AKBNK TI AKBANK T.A.S. B03MN70 0.84 60,523 50,846.27
0.21 SAVOLA AB SAVOLA B133RS9 9.92 4,898 48,579.09
0.21 KAYAN AB SAUDI KAYAN PETR B1Z8F66 3.50 13,758 48,199.03
0.21 CPS PW CYFROWY POLSAT SA B2QRCM4 3.81 12,612 48,054.46
0.21 OR-R TB PTT OIL & RETA-R BN73M62 0.58 81,658 47,523.01
0.20 BEM-R TB BANGKOK EXPRESSWAY-NVDR BDCR9C4 0.23 195,336 45,528.91
0.20 KOMB CP KOMERCNI BANKA AS 4519449 30.69 1,476 45,305.57
0.20 BSFR AB BANQUE SAUDI FRANSI B12LZT1 10.40 4,302 44,732.45
0.20 SIIG AB SAUDI IND INVEST B132Y63 6.45 6,929 44,706.80
0.20 BTS-R TB BTS GROUP HOLDIN B0H72C9 0.21 215,201 44,551.20
0.19 OMANI RIAL SPOT 2.60 16,635 43,206.57
0.19 TOP-R TB THAI OIL PCL-NVDR B030K62 1.29 33,119 42,672.33
0.19 ARION IR ARION BANKI HF BG43JW1 0.92 46,275 42,373.96
0.18 SSI VN SSI SECURITIES CORP B1LB8G0 1.03 40,750 41,821.57
0.18 TOWR IJ SARANA MENARA BCDBLX3 0.07 621,854 41,069.74
0.18 ISCTR TI TURKIYE IS BANKASI-C B03MYS8 0.59 68,076 39,952.69
0.18 ALARKAN AB DAR AL ARKAN REA B2NC4X7 4.03 9,921 39,941.10
0.18 SMGR IJ SEMEN INDONESIA 6795236 0.39 102,893 39,811.83
0.18 BBAJIOO MM BANCO DEL BAJIO SA BYSX0F3 3.10 12,844 39,781.65
0.17 ISB IR ISLANDSBANKI HF BMCR2B7 0.83 46,670 38,911.07
0.17 SAHOL TI HACI OMER SABANCI HOLDING B03N0C7 1.95 19,847 38,610.92
0.17 ALBI AB BANK ALBILAD B12LZP7 9.90 3,816 37,796.78
0.17 DUBK QD DUKHAN BANK BNGB5K2 1.05 35,664 37,466.80
0.16 MBT PM METROPOLITAN BANK & TRUST 6514442 1.05 35,032 36,821.36
0.16 HSBK LI HALYK SAVING-GDR B1KDG41 12.60 2,893 36,451.80
0.15 SOLUTION AB ARABIAN INTERNET BMVH0Q9 77.59 451 34,991.07
0.15 RESEARCH AB SAUDI RESEARCH & B156TT1 49.91 677 33,789.53
0.15 NAHDI AB NAHDI MEDICAL CO BMZPZG4 45.75 733 33,535.82
0.14 ARNB AB ARAB NATIONAL BANK B12LZK2 6.96 4,681 32,573.68
0.14 GPSC-R TB GLOBAL POWER SYNERGY-NVDR BWX43V4 1.68 19,031 31,959.41
0.14 RATCH-R TB RATCH GROUP PCL-NVDR 6362771 1.05 29,465 30,925.99
0.14 JKH SL JOHN KEELLS HOLDINGS PLC 6475538 0.48 64,452 30,675.61
0.13 ZAINKSA AB MOBILE TELECOMMU B2QG180 3.65 8,295 30,298.74
0.13 BCI CI BANCO CRED INVER 2069355 29.92 1,006 30,102.38
0.13 GBK KK GULF BANK 6889515 0.83 36,076 29,794.52
0.13 RHBBANK MK RHB BANK BHD 6244675 1.16 25,633 29,734.84
0.13 BJC-R TB BERLI JUCKE-NVDR 6360162 1.07 27,283 29,228.26
0.12 BUPA AB BUPA ARABIA B2RLCR0 45.91 587 26,950.01
0.12 EGCO-R TB ELECTRICITY-NVDR 6368553 4.10 6,400 26,220.77
0.11 BRD RO BRD-GROUPE SOCIE B07GYB9 2.60 9,557 24,861.99
0.11 SCB-R TB SCB X PCL-NVDR BPH0728 3.05 7,899 24,128.69
0.10 BCP MC BANQUE CENTRALE POPULAIRE B01J1K2 23.07 958 22,097.57
0.09 KBANK-R TB KASIKORNBANK PCL-NVDR 6364766 3.81 5,193 19,772.12
0.09 MONET CP MONETA MONEY BANK AS BD3CQ16 3.61 5,409 19,525.52
0.08 KTB-R TB KRUNG THAI BANK - NVDR 6361466 0.56 30,600 17,276.87
0.08 SIBC AB SAUDI INVESTMENT BANK/THE B12M7M1 4.46 3,826 17,055.67
0.07 TADAWULG AB SAUDI TADAWUL GR BMZQ749 42.98 375 16,116.99
0.06 BJAZ AB BANK AL-JAZIRA B12LZQ8 4.66 3,137 14,619.87
0.06 ZENITHBA NL ZENITH BANK PLC B01CKG0 0.06 230,376 14,176.98
0.06 GTCO NL GUARANTY TRUST H BLR9K51 0.06 216,406 13,200.88
0.06 KTC-R TB KRUNGTHAI CARD PCL-NVDR 6561330 1.48 8,508 12,563.39
0.05 SAWAD-R TB SRISAWAD CORP PCL-NVDR BMHS7D2 1.64 6,212 10,162.23
0.02 BKMBOM 4 1/4 PERP BPBRCQ4 1.92 2,686 5,162.70
0.02 HSBKL B3 HALYK SAVING-GDR 13.33 374 4,987.18
0.01 INDONESIA RUPIAH 0.00 34,762,421 2,319.04
0.01 ROMANIAN LEU 0.22 5,146 1,111.80
0.00 EGYPTIAN POUND 0.03 21,593 698.82
0.00 SAB VN SAIGON BEER ALCO BDSFBV5 6.73 50 336.42
0.00 ICELAND KRONA 0.01 27,853 198.48
0.00 CURRENCY CONTRACT - RON 0.00 159,793 93.00
0.00 CURRENCY CONTRACT - RON 0.00 73,090 42.53
0.00 CURRENCY CONTRACT - RON 0.00 32,687 19.02
0.00 HDB VN HDBANK BYX3359 0.81 10 8.11
0.00 HONG KONG DOLLAR 0.13 7 0.93
0.00 SINGAPORE DOLLAR 0.75 1 0.39
0.00 POLISH ZLOTY 0.23 0 0.07
0.00 SWEDISH KRONE 0.10 0 0.03
0.00 AUSTRALIAN DOLLAR 0.67 0 0.02
0.00 MALAYSIAN RINGGIT 0.29 0 0.02
0.00 EURO 1.00 0 0.01
0.00 HUNGARIAN FORINT 0.01 2 0.01
0.00 THAILAND BAHT 0.03 0 0.01
0.00 CURRENCY CONTRACT - RON 0.00 -15,750 0.00
0.00 CURRENCY CONTRACT - RON 0.00 -34,433 0.00
0.00 CURRENCY CONTRACT - RON 0.00 -7,044 0.00
0.00 CHILEAN PESO 0.00 0 0.00
0.00 KENYA SHILLING 0.00 0 0.00
0.00 KOREAN WON 0.00 1 0.00
0.00 MEXICAN PESO 0.00 0 0.00
0.00 PHILLIPINE PESO 0.00 0 0.00
0.00 SOUTH AFRICAN RAND 0.00 0 0.00
0.00 VIETNAMESE DONG 0.00 -1 0.00
0.00 CZECH REPUBLIC KORUNA 0.04 -3 -0.14
-3.73 CASH 1.00 -847,307 -847,307.28
Holdings are subject to change. "Cash" denotes U.S. dollars.

Sector Breakdown As of 04/30/23

Sector Weight (%)
Financials 29.9
Consumer Staples 13.7
Communication Services 12.8
Real Estate 8.8
Industrials 8.8
Utilities 7.2
Materials 6.1
Consumer Discretionary 5.7
Health Care 3.8
Energy 3.0
Information Technology 0.3

Source: AltaVista Research, LLC

Country Breakdown As of 04/30/23

Country Weight (%)
Saudi Arabia 10.8
Indonesia 10.6
Thailand 9.5
Mexico 8.9
South Africa 7.5
Malaysia 7.1
Vietnam 5.8
Uae 5.7
Philippines 5.1
Qatar 4.9
Poland 3.0
Other/Cash 21.1

Source: AltaVista Research, LLC

ETF Characteristics As of 06/02/23

Return on Equity 13.40%
Weighted Avg. Market Cap 12,846 M
2022 2023
Price-to-earnings 13.25 12.75
Price-to-book value 1.74 1.67

Source: AltaVista Research, LLC

ETF Risk Stats As of 05/31/23

Versus Beta
S&P 500 0.61
NASDAQ-100 0.37
MSCI EAFE 0.68
MSCI Emg. Mkts 0.54
Standard Deviation 14.20%

Source: AltaVista Research, LLC

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Investing involves risk, including the possible loss of principal. Investments in smaller companies typically exhibit higher volatility. International investing may involve risk of capital loss from unfavorable fluctuations 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. Frontier markets generally have less developed capital markets than traditional emerging market countries, and, consequently, the risks of investing in foreign securities are magnified in such countries. These countries are subject to potentially significant political, social and economic instability, which could materially and adversely affect the companies in which the Fund may invest.

EMFM invests in securities and markets that are susceptible to fluctuations in certain commodity markets. Commodities represent a significant portion of the Latin American and Middle Eastern economies. Any negative changes in commodity markets could have a great impact on these economies. Unlike most exchange-traded funds, EMFM intends to effect all creations and redemptions partially for cash, rather than in-kind securities. As a result, an investment in EMFM may be less tax-efficient than an investment in a more conventional ETF.

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 July 14, 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 July 14, 2020, market price returns were based on the midpoint between the Bid and Ask price. Market price returns. 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 MSCI, nor does MSCI 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 MSCI.

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