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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 02/02/23

Inception Date 11/06/13
Total Expense Ratio 0.63%
Net Assets $22.97 million
NAV $19.15
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 02/02/23

Ticker EMFM
Bloomberg Index Ticker NU722163
CUSIP 37950E218
ISIN US37950E2182
Primary Exchange NYSE Arca
Shares Outstanding 1,200,000
Number of Holdings 205
30-Day Median Bid-Ask Spread 0.69%

Distributions As of 02/02/23

30-Day SEC Yield 2.58%
Distribution Frequency Semi-Annually
 Distribution History

ETF Prices As of 02/02/23

NAV $19.15 Daily Change $0.08 0.42%
Market Price $19.25 Daily Change -$0.07 -0.36%

Performance History

Premium Discount Chart
As of recent
(12/31/22)
As of recent
(12/31/22)
Fund NAV Market Price Index
1 Year -8.94% -8.39% -8.33%
3 Years -1.09% -1.11% -0.34%
5 Years -2.98% -2.77% -2.25%
Since Inception -1.04% -1.01% -0.32%
1 Year -6.41% -6.87% -5.81%
3 Years 1.30% 1.68% 2.05%
5 Years -3.21% -3.01% -2.50%
Since Inception -0.62% -0.52% 0.09%
Year-to-Date -8.94% -8.39% -8.33%
1 Month -3.29% -3.59% -3.23%
3 Months 5.45% 5.85% 5.64%
Since Inception -9.11% -8.84% -2.91%
Year-to-Date 3.84% 4.54% 3.85%
1 Month 3.84% 4.54% 3.85%
3 Months 5.92% 6.33% 6.02%
Since Inception -5.62% -4.70% 0.83%

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 02/02/23

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
2.04 WALMEX* MM WALMART DE MEXIC BW1YVH8 3.90 120,180 469,241.05
1.94 EAND UH EMIRATES TELECOM GROUP CO 6322173 7.02 63,460 445,751.62
1.94 TLKM IJ TELKOM INDONESIA BD4T6W7 0.26 1,704,465 445,589.30
1.84 NBK KK NATIONAL BANK OF KUWAIT 6889526 3.67 115,105 422,372.50
1.69 BBCA IJ BANK CENTRAL ASIA TBK PT B01C1P6 0.57 683,025 387,873.74
1.62 SMPH PM SM PRIME HOLDINGS INC 6818843 0.69 543,198 372,253.81
1.49 GFNORTEO MM GRUPO F BANORT-O 2421041 8.22 41,664 342,606.52
1.42 SHP SJ SHOPRITE HOLDINGS LTD 6801575 13.71 23,718 325,281.40
1.39 CEZ CP CEZ AS 5624030 42.00 7,591 318,854.78
1.37 CPALL-R TB CP ALL PCL-NVDR B08YDH1 2.04 154,323 314,212.38
1.33 GAPB MM AERO DEL PACIF-B B0ZV104 18.09 16,836 304,531.13
1.30 STC AB SAUDI TELECOM CO B12M7Q5 9.89 30,274 299,303.26
1.27 ASII IJ ASTRA INTERNATIO B800MQ5 0.40 733,929 292,239.87
1.26 RJHI AB AL RAJHI BANK B12LZH9 21.45 13,443 288,376.46
1.19 TNB MK TENAGA NASIONAL BHD 6904612 2.24 122,200 274,273.67
1.17 IQCD QD INDUSTRIES QATAR 6673570 3.79 71,113 269,474.68
1.13 BBRI IJ BANK RAKYAT INDO 6709099 0.31 839,734 259,595.19
1.12 AOT-R TB AIRPORTS OF-NVDR 6741206 2.27 113,222 257,293.29
1.09 BDMS-R TB BANGKOK DUS-NVDR B013SV4 0.92 272,907 249,733.79
1.09 ASURB MM AERO DEL SURES-B 2639349 27.48 9,083 249,594.43
1.07 FAB UH FIRST ABU DHABI BANK PJSC 6624471 3.76 65,326 245,791.73
1.06 HPG VN HOA PHAT GROUP JSC B29CC15 0.91 267,621 243,084.32
1.01 PBK MK PUBLIC BANK BERHAD B012W42 0.99 233,835 231,852.41
0.99 SBK SJ STANDARD BANK GROUP LTD B030GJ7 10.60 21,397 226,735.66
0.98 VNM VN VIET NAM DAIRY P B16GLK5 3.27 68,896 225,344.27
0.96 MSN VN MASAN GROUP CORP B59R0P1 4.12 53,452 220,418.27
0.93 VIC VN VINGROUP JSC B27Y417 2.38 90,129 214,464.74
0.93 SAFCOM KN SAFARICOM PLC B2QN3J6 0.19 1,102,711 212,485.46
0.93 MAREL IR MAREL HF 4907958 3.92 54,211 212,478.53
0.91 VHM VN VINHOMES JSC BFZBXH0 2.04 102,657 209,691.70
0.89 DNP PW DINO POLSKA SA BD0YVN2 88.78 2,309 204,985.52
0.87 ALDAR UH ALDAR PROPERTIES PJSC B0LX3Y2 1.20 167,621 200,795.63
0.87 KAP LI NAC KAZATOG-REGS BGXQL36 33.00 6,063 200,079.00
0.87 FUNO11 MM FIBRA UNO B671GT8 1.38 144,726 200,035.40
0.85 SNB AB THE SAUDI NATIONAL BANK BSHYYN1 13.00 15,044 195,636.95
0.85 SM PM SM INVESTMENTS CORP B068DB9 17.27 11,281 194,843.16
0.83 ALI PM AYALA LAND INC 6055112 0.55 346,238 191,300.59
0.83 PTTEP-R TB PTT EXPLOR-NVDR B1359L2 5.19 36,726 190,442.52
0.83 ADVANC-R TB ADVANCED IN-NVDR 6412609 6.02 31,473 189,603.61
0.81 CLS SJ CLICKS GROUP LTD 6105578 16.28 11,432 186,120.04
0.72 ADNOCDIS UH ABU DHABI NATION BYVGM64 1.21 135,963 165,093.04
0.71 ABG SJ ABSA GROUP LTD BFX05H3 12.05 13,551 163,355.83
0.71 MULTIPLY UH MULTIPLY GROUP BP0PMS1 1.11 146,177 162,770.43
0.69 SAFCO AB SABIC AGRI-NUTRIENTS CO B1323K0 36.45 4,320 157,484.41
0.67 BAP CREDICORP LTD 2232878 135.20 1,144 154,668.80
0.66 SNP RO OMV PETROM SA 7180411 0.10 1,457,631 152,325.96
0.65 PTG MK PETRONAS GAS BHD 6703972 4.02 37,306 150,067.47
0.65 BMRI IJ BANK MANDIRI 6651048 0.65 229,122 149,745.39
0.65 CPI SJ CAPITEC BANK HOLDINGS LTD 6440859 106.91 1,391 148,717.67
0.65 HTO GA HELLENIC TELECOM 5051605 15.77 9,427 148,618.30
0.64 CIMB MK CIMB GROUP HOLDINGS BHD 6075745 1.34 109,579 147,103.23
0.64 DIGI MK DIGI.COM BHD 6086242 1.01 145,166 147,012.20
0.63 TLEVICPO MM GRUPO TELEV-CPO 2380108 1.28 112,565 143,960.19
0.62 OPAP GA OPAP SA 7107250 15.21 9,356 142,278.67
0.62 KIMBERA MM KIMBERLY-CLA M-A 2491914 1.99 71,091 141,424.98
0.61 BIMAS TI BIM BIRLESIK MAGAZALAR AS B0D0006 6.46 21,497 138,966.81
0.61 QIBK QD QATAR ISLAMIC BANK 6713982 5.27 26,358 138,964.40
0.60 QFLS QD QATAR FUEL QSC 6516556 4.93 28,159 138,871.60
0.59 NRP SJ NEPI ROCKCASTLE N.V. BLF9GQ6 6.36 21,286 135,460.62
0.57 EREGL TI EREGLI B03MS97 1.99 66,070 131,715.00
0.55 GULF-R TB GULF ENERGY DE-R BFN4H35 1.64 77,476 127,024.36
0.55 ALE PW ALLEGRO.EU SA BMBQDF6 7.26 17,485 126,917.80
0.54 MCG SJ MULTICHOICE GROUP LTD BHZSKR4 7.10 17,533 124,443.51
0.54 PEP MK PPB GROUP BERHAD 6681669 4.17 29,843 124,404.40
0.54 KSPI LI JSC KASPI.KZ GDR-REG S BMXZ8G7 78.20 1,579 123,477.80
0.53 MPHC QD MESAIEED PETROCH BK4Z0B1 0.60 205,171 122,480.06
0.53 QGTS QD QATAR GAS TRANSP B0MLBC9 1.04 116,263 120,676.64
0.51 AMRT IJ SUMBER ALFARIA T BCDBLJ9 0.20 595,877 118,134.22
0.51 CPN-R TB CENTRAL PATTANA PCL-NVDR B013L15 2.20 53,381 117,235.89
0.51 EA-R TB ENERGY ABSOLUTE PCL-NVDR B9L4K92 2.64 44,380 117,096.73
0.51 MRP SJ MR PRICE GROUP LTD BYXW419 9.69 11,980 116,039.05
0.49 SQUARE BD SQUARE PHARMACEU 6833802 1.95 57,869 113,096.56
0.49 URC PM UNIVERSAL ROBINA CORP 6919519 2.77 40,714 112,588.26
0.49 KLBF IJ KALBE FARMA TBK PT B7311V6 0.15 756,818 111,895.13
0.48 SULAIMAN AB DR SULAIMAN AL H BLGM738 61.88 1,768 109,398.71
0.47 TEL PM PLDT INC BDGN274 27.06 4,028 108,994.26
0.47 PINFRA* MM PROMOTORA Y OPER 2393388 9.98 10,826 108,015.46
0.46 TCELL TI TURKCELL B03MYN3 1.85 57,600 106,623.00
0.46 NESZ MK NESTLE (MALAYSIA) BERHAD 6629335 31.91 3,332 106,332.08
0.46 VRE VN VINCOM RETAIL JSC BZ0WW59 1.23 86,290 106,160.62
0.46 MAXIS MK MAXIS BHD B5387L5 0.95 111,545 106,133.25
0.46 PKO PW PKO BANK POLSKI SA B03NGS5 7.56 14,005 105,845.66
0.45 BH-R TB BUMRUNGRAD-NVDR B0166J7 6.62 15,725 104,085.87
0.45 SECO AB SAUDI ELECTRICITY CO B132NM2 6.17 16,817 103,789.83
0.45 CPIN IJ CHAROEN POK INDO 6315344 0.39 265,076 103,322.63
0.44 NED SJ NEDBANK GROUP LTD 6628008 13.94 7,314 101,969.84
0.44 EMIRATES UH EMIRATES NBD PJSC B28PFX8 3.62 28,008 101,416.10
0.44 QEWS QD QATAR ELECTRICIT 6566614 4.89 20,507 100,233.29
0.43 HAR SJ HARMONY GOLD MNG 6410562 3.76 26,360 99,118.40
0.43 SLM SJ SANLAM LTD B0L6750 3.46 28,302 97,847.20
0.42 ADCB UH ABU DHABI COMMERCIAL BANK 6545464 2.37 41,142 97,449.10
0.41 AXIATA MK AXIATA GROUP BERHAD B2QZGV5 0.72 130,800 94,572.77
0.41 HEKTS TI HEKTAS TICARET T.A.S B03MTG1 1.75 53,737 93,815.85
0.40 PPH SJ PEPKOR HOLDINGS LTD BFXG366 1.20 77,410 92,889.73
0.40 ASELS TI ASELSAN ELEKTRONIK SANAYI B03MP41 2.84 32,221 91,555.91
0.39 BDO PM BDO UNIBANK INC B5VJH76 2.33 38,374 89,439.81
0.39 ARI SJ AFRICAN RAINBOW 6041122 16.68 5,335 88,961.82
0.38 UNVR IJ UNILEVER INDONESIA TBK PT 6687184 0.32 273,776 87,026.91
0.37 ISA CB ISA SA 2205706 4.13 20,629 85,160.46
0.37 PZU PW PZU B63DG21 8.68 9,792 85,031.46
0.37 DANGCEM NL DANGOTE CEMENT PLC B4TFNR1 0.58 146,538 84,931.58
0.37 FALAB CI FALABELLA SA 2771672 2.37 35,701 84,448.09
0.36 CHILE CI BANCO DE CHILE 2100845 0.11 735,762 82,503.93
0.36 PPC GA PUBLIC POWER CORP 7268298 8.21 10,050 82,463.57
0.36 MABANEE KK MABANEE CO KPSC B00PQY0 2.78 29,488 82,096.45
0.36 CBQK QD COMMERCIAL BANK PSQC 6150448 1.58 51,487 81,576.16
0.35 QHOLDING UH Q HOLDING PJSC BF0R9V9 0.90 89,479 80,878.37
0.33 TLV RO BANCA TRANSILVANIA SA 5393307 4.45 17,213 76,636.18
0.33 GFINBURO MM GRUPO FIN INB-O 2822398 2.23 34,055 75,787.67
0.33 RIBL AB RIYAD BANK B12LZW4 8.06 9,261 74,653.64
0.33 PETD MK PETRONAS DAGANGAN BHD 6695938 5.25 14,212 74,641.45
0.32 ALMARAI AB ALMARAI CO B137VV2 14.52 5,042 73,226.30
0.32 QLG MK QL RESOURCES BHD B00G234 1.40 52,167 73,102.60
0.31 VJC VN VIETJET AVIATION JSC BYP2451 4.78 14,980 71,546.27
0.31 INDF IJ INDOFOOD SUKSES 6283979 0.44 160,895 71,364.72
0.31 PGE PW PGE SA B544PW9 1.66 42,681 70,975.46
0.31 EEC AB ETIHAD ETISALAT CO B12LR51 9.25 7,616 70,424.56
0.31 REM SJ REMGRO LTD 6290689 8.36 8,383 70,070.98
0.30 HMPRO-R TB HOME PRODUCT-NVD 6418555 0.44 156,333 68,668.02
0.30 COMI EY COMMERCIAL INTL 6243898 1.67 40,889 68,328.38
0.29 BRES QD BARWA REAL ESTATE CO B0YTG26 0.74 90,572 67,398.95
0.29 LH-R TB LAND & HOUSES PUB - NVDR 6581941 0.30 221,035 66,747.90
0.29 INTUCH-R TB INTOUCH HOLDINGS PCL-NVDR 6397557 2.23 29,666 66,057.67
0.29 T MK TELEKOM MALAYSIA BHD 6868398 1.22 54,055 65,690.96
0.28 DIB UH DUBAI ISLAMIC BANK 6283452 1.52 42,817 64,929.88
0.28 MARK QD MASRAF AL RAYAN B0VR7W0 0.73 88,737 64,790.74
0.28 CRC-R TB CENTRAL RETAIL-R BKV24W4 1.35 47,816 64,539.84
0.28 PEO PW BANK PEKAO SA 5473113 21.57 2,981 64,308.37
0.27 BEXIMC BD BEXIMCO EXPORT 6097987 1.08 58,288 62,767.52
0.27 SMGR IJ SEMEN INDONESIA 6795236 0.49 123,693 60,890.54
0.26 SABB AB SAUDI BRITISH BANK B12LSY7 9.50 6,339 60,221.01
0.26 BEM-R TB BANGKOK EXPRESSWAY-NVDR BDCR9C4 0.30 201,936 60,056.46
0.26 BPI PM BANK PHILIPPINE 6074968 2.04 29,128 59,505.62
0.26 YANSAB AB YANBU NATIONAL P B128CF7 11.63 5,110 59,439.19
0.26 ICBP IJ INDOFOOD CBP SUK B4LD3M8 0.69 85,222 58,704.67
0.25 MER PM MANILA ELECTRIC COMPANY B247XZ6 5.44 10,706 58,257.18
0.25 TOP-R TB THAI OIL PCL-NVDR B030K62 1.76 32,519 57,283.63
0.25 VCB VN BANK FOR FOREIGN B622TR5 3.86 14,806 57,203.57
0.25 ALINMA AB ALINMA BANK B39NWT3 8.41 6,716 56,464.80
0.25 TOWR IJ SARANA MENARA BCDBLX3 0.08 744,354 56,276.76
0.24 BBNI IJ BANK NEGARA INDO 6727121 0.61 90,938 55,613.97
0.24 SCGP-R TB SCG PACKAGING PCL-NVDR BMC0T59 1.62 34,049 55,305.12
0.24 ADIB UH ABU DHABI ISLAMIC BANK 6001728 2.56 21,471 54,889.72
0.24 OR-R TB PTT OIL & RETA-R BN73M62 0.68 79,258 54,154.24
0.23 BTS-R TB BTS GROUP HOLDIN B0H72C9 0.26 208,801 53,818.38
0.23 CPS PW CYFROWY POLSAT SA B2QRCM4 4.39 12,220 53,671.62
0.23 MOUWASAT AB MOUWASAT MEDICAL B403QG4 54.20 986 53,443.59
0.23 OMU SJ OLD MUTUAL LTD BDVPYN5 0.70 74,374 51,696.67
0.22 ATW MC ATTIJARIWAFA BANK BMX3JT1 36.71 1,388 50,959.48
0.22 HLBK MK HONG LEONG BANK BERHAD 6436892 4.84 10,512 50,851.74
0.22 KAYAN AB SAUDI KAYAN PETR B1Z8F66 3.41 14,840 50,618.77
0.22 TOPG MK TOP GLOVE CORP BHD B05L892 0.20 252,805 49,715.54
0.21 ALPHA GA ALPHA SERVICES A BZ1MXR7 1.38 35,659 49,155.77
0.21 BBAJIOO MM BANCO DEL BAJIO SA BYSX0F3 3.79 12,444 47,155.22
0.21 ELM AB ELM CO BNYDSH8 97.11 484 46,999.31
0.20 ARION IR ARION BANKI HF BG43JW1 1.07 43,029 46,149.04
0.20 JARIR AB JARIR MARKETING CO B128FM5 39.97 1,148 45,888.18
0.20 BSAN CI BANCO SANTANDER CHILE 2000257 0.04 1,062,724 45,275.49
0.20 QIIK QD QATAR INTERNATIO 6571544 2.86 15,782 45,069.76
0.19 ETE GA NATIONAL BANK OF GREECE BG087C6 4.92 9,053 44,520.19
0.19 NIGERIAN NAIRA 0.00 20,017,437 43,468.92
0.19 BKMB OM BANKMUSCAT SAOG B11WYH6 0.73 59,290 43,114.40
0.19 BSFR AB BANQUE SAUDI FRANSI B12LZT1 10.62 4,050 43,008.18
0.18 KOMB CP KOMERCNI BANKA AS 4519449 34.45 1,220 42,025.06
0.18 RNI SJ REINET INVESTMENTS SCA BF52QF2 19.51 2,151 41,961.15
0.18 SAVOLA AB SAVOLA B133RS9 7.89 5,277 41,624.26
0.17 NAHDI AB NAHDI MEDICAL CO BMZPZG4 50.31 791 39,796.62
0.17 AKBNK TI AKBANK T.A.S. B03MN70 0.80 49,607 39,716.19
0.17 GPSC-R TB GLOBAL POWER SYNERGY-NVDR BWX43V4 2.11 18,631 39,354.76
0.17 ALBI AB BANK ALBILAD B12LZP7 11.65 3,358 39,104.78
0.17 SPL PW SANTANDER BANK POLSKA SA 7153639 67.10 575 38,580.51
0.17 NVL VN NO VA LAND INVES BYZCMP7 0.61 62,746 37,995.45
0.16 RATCH-R TB RATCH GROUP PCL-NVDR 6362771 1.31 28,665 37,597.74
0.16 ALARKAN AB DAR AL ARKAN REA B2NC4X7 3.45 10,685 36,901.77
0.16 BJC-R TB BERLI JUCKE-NVDR 6360162 1.16 31,783 36,840.02
0.16 EGCO-R TB ELECTRICITY-NVDR 6368553 5.32 6,900 36,727.04
0.16 RESEARCH AB SAUDI RESEARCH & B156TT1 50.31 726 36,526.36
0.15 SAHOL TI HACI OMER SABANCI HOLDING B03N0C7 2.04 16,355 33,369.92
0.14 RHBBANK MK RHB BANK BHD 6244675 1.34 23,933 32,072.25
0.14 MBT PM METROPOLITAN BANK & TRUST 6514442 1.11 28,742 31,813.97
0.14 ISB IR ISLANDSBANKI HF BMCR2B7 0.83 37,759 31,482.65
0.13 HSBK LI HALYK SAVING-GDR B1KDG41 11.00 2,775 30,525.00
0.13 BCI CI BANCO CRED INVER 2069355 31.77 940 29,867.02
0.13 SSI VN SSI SECURITIES CORP B1LB8G0 0.86 34,650 29,773.88
0.13 ARNB AB ARAB NATIONAL BANK B12LZK2 7.20 4,120 29,643.45
0.13 ISCTR TI TURKIYE IS BANKASI-C B03MYS8 0.52 56,129 29,152.88
0.12 GBK KK GULF BANK 6889515 1.05 26,387 27,689.26
0.11 JKH SL JOHN KEELLS HOLDINGS PLC 6475538 0.39 64,452 25,339.35
0.11 KBANK-R TB KASIKORNBANK PCL-NVDR 6364766 4.39 5,593 24,566.81
0.11 SCB-R TB SCB X PCL-NVDR BPH0728 3.20 7,499 24,017.84
0.10 ZAINKSA AB MOBILE TELECOMMU B2QG180 2.80 8,509 23,854.04
0.09 BUPA AB BUPA ARABIA B2RLCR0 43.44 487 21,153.60
0.09 MONET CP MONETA MONEY BANK AS BD3CQ16 3.75 5,623 21,066.67
0.09 BRD RO BRD-GROUPE SOCIE B07GYB9 3.09 6,641 20,501.53
0.07 SIBC AB SAUDI INVESTMENT BANK/THE B12M7M1 4.64 3,391 15,723.34
0.06 KTC-R TB KRUNGTHAI CARD PCL-NVDR 6561330 1.81 8,108 14,653.57
0.06 TADAWULG AB SAUDI TADAWUL GR BMZQ749 42.90 332 14,243.99
0.06 BJAZ AB BANK AL-JAZIRA B12LZQ8 5.11 2,655 13,555.88
0.06 ARTO IJ BANK JAGO TBK PT BYZ0ZJ6 0.24 52,359 12,667.50
0.06 ZENITHBA NL ZENITH BANK PLC B01CKG0 0.05 230,376 12,556.87
0.05 BCP MC BANQUE CENTRALE POPULAIRE B01J1K2 21.47 574 12,322.85
0.05 GTCO NL GUARANTY TRUST H BLR9K51 0.05 216,406 11,771.92
0.05 SAWAD-R TB SRISAWAD CORP PCL-NVDR BMHS7D2 1.76 6,212 10,942.71
0.02 BANGLADESH TAKA 0.01 578,449 5,388.44
0.01 ROMANIAN LEU 0.22 5,146 1,147.77
0.00 SAB VN SAIGON BEER ALCO BDSFBV5 8.00 50 399.79
0.00 HDB VN HDBANK BYX3359 0.78 10 7.83
0.00 SOUTH AFRICAN RAND 0.06 25 1.49
0.00 KFH KK KUWAIT FINANCE HOUSE 6503138 2.75 0 1.32
0.00 HONG KONG DOLLAR 0.13 7 0.93
0.00 SINGAPORE DOLLAR 0.77 1 0.40
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 COLOMBIAN PESO 0.00 27 0.01
0.00 EURO 1.00 0 0.01
0.00 HUNGARIAN FORINT 0.01 2 0.01
0.00 MALAYSIAN RINGGIT 0.25 0 0.01
0.00 THAILAND BAHT 0.03 0 0.01
0.00 ICELAND KRONA 0.00 0 0.00
0.00 INDONESIA RUPIAH 0.00 -3 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 UAE DIRHAM 0.00 0 0.00
0.00 VIETNAMESE DONG 0.00 34 0.00
0.00 SAUDI RIYAL 0.29 0 -0.04
0.00 CZECH REPUBLIC KORUNA 0.05 -2 -0.09
0.00 CHILEAN PESO 0.00 -187,458 -239.69
-0.17 CASH 1.00 -39,508 -39,508.04
Holdings are subject to change. "Cash" denotes U.S. dollars.

Sector Breakdown As of 12/31/22

Sector Weight (%)
Financials 29.8
Consumer Staples 14.0
Communication Services 12.6
Industrials 9.0
Real Estate 8.9
Utilities 6.9
Materials 6.4
Consumer Discretionary 5.4
Health Care 3.6
Energy 3.2
Information Technology 0.2

Source: AltaVista Research, LLC

Country Breakdown As of 12/31/22

Country Weight (%)
Thailand 10.7
Indonesia 9.8
Saudi Arabia 9.5
South Africa 8.2
Mexico 8.0
Malaysia 7.6
Vietnam 6.1
Uae 5.6
Philippines 5.1
Qatar 5.1
Turkey 3.5
Other/Cash 20.8

Source: AltaVista Research, LLC

ETF Characteristics As of 02/02/23

Return on Equity 13.50%
Weighted Avg. Market Cap 10,205 M
2022 2023
Price-to-earnings 13.59 12.82
Price-to-book value 1.78 1.67

Source: AltaVista Research, LLC

ETF Risk Stats As of 01/31/23

Versus Beta
S&P 500 0.74
MSCI EAFE 0.81
MSCI Emg. Mkts 0.69
Standard Deviation 19.20%

Source: AltaVista Research, LLC

ETF Research

Q4 2021 International Report

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ETF Documents

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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