ARGT


MSCI Argentina ETF

Reasons to Consider ARGT

Long-Term Growth Potential

A shift toward economy orthodoxy under President Javier Milei could drive foreign investment into Argentina and unlock its true economic potential.

Targeted Exposure

The ETF targets exposure to a single country.

Efficient Access

ARGT delivers efficient access to a broad basket of Argentine securities.

Key Information As of 12/10/24

Inception Date 03/02/11
Total Expense Ratio 0.59%
Net Assets $780.19 million
NAV $83.67
Fact Sheet View the document

ETF Summary

The Global X MSCI Argentina ETF (ARGT) invests in among the largest and most liquid securities with exposure to Argentina.

ETF Objective

The Global X MSCI Argentina ETF (ARGT) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Argentina 25/50 Index.

Trading Details As of 12/10/24

Ticker ARGT
Bloomberg Index Ticker M1AAR5R
CUSIP 37950E259
ISIN US37950E2596
Primary Exchange NYSE Arca
Shares Outstanding 9,324,975
Number of Holdings 25
30-Day Median Bid-Ask Spread 0.31%

Distributions As of 12/10/24

30-Day SEC Yield 1.17%
Distribution Frequency Semi-Annually

ETF Prices As of 12/10/24

NAV $83.67 Daily Change -$0.36 -0.43%
Market Price $83.75 Daily Change -$0.38 -0.45%

Performance History

As of recent
(09/30/24)
As of recent
(09/30/24)
Fund NAV Market Price Index
1 Year 62.07% 62.85% 62.92%
3 Years 27.98% 28.15% 28.51%
5 Years 25.25% 25.37% 25.78%
10 Years 13.25% 13.30% 13.64%
Since Inception 7.21% 7.23% 7.79%
1 Year 67.52% 67.69% 68.39%
3 Years 44.54% 44.87% 45.18%
5 Years 30.20% 30.30% 30.82%
10 Years 16.18% 16.20% 16.59%
Since Inception 8.92% 8.95% 9.52%
Year-to-Date 29.45% 29.62% 29.95%
1 Month 1.94% 1.70% 2.03%
3 Months 16.30% 16.70% 16.43%
Since Inception 157.54% 158.24% 177.11%
Year-to-Date 62.94% 63.28% 63.79%
1 Month 14.37% 14.55% 14.47%
3 Months 28.31% 28.12% 28.59%
Since Inception 224.16% 225.31% 249.27%

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 12/10/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
19.96 MELI MERCADOLIBRE INC B23X1H3 1,879.18 83,559 157,022,401.62
9.49 YPF YPF S.A.-SPONSORED ADR 2985945 40.65 1,837,737 74,704,009.05
7.72 GGAL GRUPO GALICI-ADR 2613570 57.95 1,048,686 60,771,353.70
4.94 BMA BANCO MACRO SA-ADR B0Y62M9 84.16 462,249 38,902,875.84
4.81 PAM PAMPA ENERGIA SA-SPON ADR B41HK52 86.73 435,918 37,807,168.14
4.78 VIST VISTA ENERGY SAB DE CV BJ84772 55.79 674,653 37,638,890.87
4.53 TGS TRANSPORT GA-ADR 2902944 28.55 1,247,200 35,607,560.00
4.20 SSRM CN SSR MINING INC BF7MPL9 7.55 4,375,704 33,042,826.35
3.53 CEPU CENTRAL PUERTO-A BDVP1Y5 14.18 1,957,818 27,761,859.24
3.38 TEO TELECOM ARGE-ADR 2878829 13.33 1,995,233 26,596,455.89
3.35 CENCOSUD CI CENCOSUD SA B00R3L2 2.15 12,229,837 26,323,368.49
3.18 DESP DESPEGAR.COM CORP BDFS4G3 16.57 1,507,736 24,983,185.52
3.16 ANDINAB CI Embotelladora Andina SA 2311454 3.04 8,155,162 24,825,073.43
3.14 BBAR BBVA ARGENTINA SA-ADR BKT4TC7 16.62 1,486,525 24,706,045.50
2.79 ARCO ARCOS DORADOS-A B529PQ0 8.02 2,737,710 21,956,434.20
2.72 EDN EMP DISTRIB-ADR B1W9D79 45.77 466,700 21,360,859.00
2.16 CCU CI CIA CERVECERIAS UNIDAS SA 2196189 5.87 2,900,741 17,017,763.78
2.08 AGRO ADECOAGRO SA B65BNQ6 10.85 1,509,948 16,382,935.80
1.87 SUPV GRUPO SV-SP ADR BYZJRN1 12.16 1,208,147 14,691,067.52
1.84 CAAP CORP AMERICA AIRPORTS SA BD45SN0 19.82 729,472 14,458,135.04
1.82 LOMA LOMA NEGRA C-ADR BYP6YP3 12.01 1,189,601 14,287,108.01
1.47 IRS IRSA -SP ADR BMCZR16 16.51 700,730 11,569,046.12
1.38 CRESY CRESUD S.A.-SPONS ADR 2226893 13.34 812,706 10,841,498.04
0.99 LAAC CN LITHIUM AMERICAS BRBS2X8 3.08 2,526,648 7,792,407.47
0.55 BIOX BIOCERES CROP SO BJT1RX8 6.75 636,146 4,293,985.50
0.38 CASH 1.00 3,022,345 3,022,345.10
0.01 OTHER PAYABLE & RECEIVABLES 1.00 89,210 89,209.84
0.00 CANADIAN DOLLAR 0.71 329 232.53
-0.20 CHILEAN PESO 0.00 -1,533,311,057 -1,571,562.90
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 11/30/24

Sector Weight (%)
Consumer Discretionary 32.3
Financials 18.5
Energy 14.9
Utilities 11.1
Consumer Staples 7.7
Materials 7.1
Communication Services 3.6
Real Estate 3.0
Industrials 1.9

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Consumer Discretionary Distribution & Retail 25.6
Energy 19.7
Banks 18.4
Utilities 11.0
Consumer Services 6.6
Materials 5.9
Food, Beverage & Tobacco 5.8
Telecommunication Services 3.6
Transportation 1.8
Real Estate Management & Devel 1.6

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 12/10/24

Return on Equity 12.40%
Weighted Avg. Market Cap 23,086 M
2023 2024
Price-to-earnings 16.75 16.77
Price-to-book value 2.16 2.00

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 11/30/24

Versus Beta
S&P 500 1.23
NASDAQ-100 0.86
MSCI EAFE 1.23
MSCI Emg. Mkts 0.85
Standard Deviation 33.50%

Source: new windowAltaVista 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. Securities focusing on a single country may be subject to higher volatility. ARGT is non-diversified.

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 October 15, 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 October 15, 2020, market price returns were based on the midpoint between the Bid and Ask price. 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.