EMFM


MSCI Next Emerging & Frontier ETF

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 02/28/24

Inception Date 11/06/13
Total Expense Ratio 0.55%
Net Assets $16.60 million
NAV $18.44
Fact Sheet View the document

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 02/27/24

Ticker EMFM
Bloomberg Index Ticker NU722163
CUSIP 37950E218
ISIN US37950E2182
Primary Exchange NYSE Arca
Shares Outstanding 900,000
Number of Holdings 4
30-Day Median Bid-Ask Spread 0.76%

Distributions As of 02/28/24

30-Day SEC Yield 3.03%
Distribution Frequency Semi-Annually

ETF Prices As of 02/28/24

NAV $18.44 Daily Change -$0.01 -0.05%
Market Price $18.40 Daily Change $0.00 0.00%

Performance History

As of recent
(12/31/23)
As of recent
(12/31/23)
Fund NAV Market Price Index
1 Year 6.82% 6.48% 7.48%
3 Years 2.20% 1.94% 2.88%
5 Years 1.85% 1.88% 2.65%
10 Years -0.00% -0.11% 0.70%
Since Inception -0.29% -0.29% 0.42%
1 Year 0.53% -0.52% 2.11%
3 Years 1.97% 2.04% 2.95%
5 Years -0.08% -0.06% 0.85%
10 Years 0.31% 0.23% 1.10%
Since Inception -0.51% -0.52% 0.28%
Year-to-Date 6.82% 6.48% 7.48%
1 Month 4.40% 4.46% 4.54%
3 Months 5.84% 6.14% 6.04%
Since Inception -2.91% -2.94% 4.35%
Year-to-Date -2.27% -2.33% -1.34%
1 Month -2.27% -2.33% -1.34%
3 Months 8.90% 8.91% 10.10%
Since Inception -5.12% -5.20% 2.95%

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 02/28/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
98.59 CASH 1.00 16,365,827 16,365,826.62
0.63 COMI EY COMMERCIAL INTER 6243898 2.39 43,300 103,681.78
0.50 BANGLADESH TAKA 0.01 9,016,623 82,156.02
0.37 BEXIMC BD BEXIMCO EXPORT 6097987 1.05 58,288 61,394.92
0.01 VIETNAMESE DONG 0.00 34,298,000 1,392.53
0.01 ROMANIAN LEU 0.22 5,146 1,122.23
0.00 EGYPTIAN POUND 0.03 2,074 67.11
0.00 NIGERIAN NAIRA 0.00 103,669 65.59
0.00 PHILLIPINE PESO 0.02 3,427 60.92
0.00 ICELAND KRONA 0.01 1,650 11.97
0.00 POLISH ZLOTY 0.25 1 0.18
0.00 BCI CI BANCO CRED INVER 2069355 0.00 0 0.04
0.00 SNB AB THE SAUDI NATIONAL BANK BSHYYN1 0.00 0 0.03
0.00 JAPANESE YEN 0.01 1 0.01
0.00 KOREAN WON 0.00 2 0.00
0.00 CZECH REPUBLIC KORUNA 0.04 -4 -0.17
-0.10 OTHER PAYABLE & RECEIVABLES 1.00 -16,231 -16,230.71
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 01/31/24

Sector Weight (%)
Industrials 56.9
Communication Services 24.6
Energy 18.5

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Internet Software/Services 100.0

Source: new windowAltaVista Research, LLC

Country Weight (%)
Bangladesh 56.9
Britain 24.6
Nigeria 18.5

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 02/27/24

Return on Equity 10.60%
Weighted Avg. Market Cap 4,048 M
2023 2024
Price-to-earnings 15.30 13.69
Price-to-book value 1.49 1.43

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 01/31/24

Versus Beta
S&P 500 0.62
NASDAQ-100 0.39
MSCI EAFE 0.71
MSCI Emg. Mkts 0.61
Standard Deviation 13.90%

Source: new windowAltaVista Research, LLC

ETF Research

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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.