CEFA


S&P Catholic Values Developed ex-U.S. ETF

Reasons to Consider CEFA

Invest in Values

CEFA excludes companies involved in activities perceived to be inconsistent with Catholic values as set out by the U.S. Conference of Catholic Bishops, including screens for weaponry and child labor.

Minimize Tracking Error

By matching sector weightings, CEFA seeks to minimize tracking error to the S&P EPAC ex-Korea Large Cap Index (a benchmark for developed markets outside of the U.S.).

ETF Efficiency

CEFA allows investors to buy and sell a broad basket of global equities that conform with Catholic guidelines, with the tax efficiency of an ETF.

Key Information As of 12/01/22

Inception Date 06/22/20
Total Expense Ratio 0.35%
Net Assets $6.42 million
NAV $26.76
Fact Sheet

ETF Summary

The Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) provides exposure to large cap companies in developed markets outside of the U.S., whose business practices adhere to the Socially Responsible Investment Guidelines of the United States Conference of Catholic Bishops (USCCB).

ETF Objective

The Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Developed ex-U.S. Catholic Values Index.

Trading Details As of 12/01/22

Ticker CEFA
Bloomberg Index Ticker SPEKCVUN
CUSIP 37954Y368
ISIN US37954Y3687
Primary Exchange Nasdaq
Shares Outstanding 240,000
Number of Holdings 474
30-Day Median Bid-Ask Spread 0.42%

Distributions As of 12/01/22

30-Day SEC Yield 2.56%
Distribution Frequency Semi-Annually

ETF Prices As of 12/01/22

NAV $26.76 Daily Change $0.70 2.70%
Market Price $26.82 Daily Change $0.20 0.77%

Performance History

As of recent
(09/30/22)
As of recent
(09/30/22)
Fund NAV Market Price Index
1 Year -27.64% -27.82% -27.56%
Since Inception -2.45% -2.52% -2.16%
1 Year -26.11% -26.16% -25.98%
Since Inception -0.61% -0.49% -0.29%
Year-to-Date -28.61% -28.53% -28.56%
1 Month -9.37% -9.20% -9.42%
3 Months -8.44% -8.94% -8.39%
Since Inception -5.48% -5.65% -4.85%
Year-to-Date -25.55% -25.14% -25.42%
1 Month 4.30% 4.75% 4.38%
3 Months -9.69% -10.12% -9.60%
Since Inception -1.42% -1.16% -0.68%

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 12/01/22

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
3.36 CSL AU CSL LTD 6185495 203.40 1,060 215,606.68
1.93 ASML NA ASML HOLDING NV B929F46 610.52 203 123,935.99
1.70 SHEL LN SHELL PLC BP6MXD8 29.22 3,743 109,369.80
1.65 MC FP LVMH MOET HENNE 4061412 756.07 140 105,850.40
1.59 DGE LN DIAGEO PLC 0237400 47.18 2,158 101,811.43
1.53 7203 JP TOYOTA MOTOR CORP 6900643 14.70 6,696 98,447.41
1.38 OR FP L'OREAL 4057808 375.83 235 88,321.22
1.33 7741 JP HOYA CORP 6441506 104.98 816 85,664.09
1.25 BHP AU BHP GROUP LTD 6144690 31.66 2,538 80,340.96
1.20 ALC SW ALCON INC BJT1GR5 69.72 1,107 77,182.94
1.17 TTE FP TOTALENERGIES SE B15C557 62.15 1,204 74,832.56
0.96 CBA AU COMMONW BK AUSTR 6215035 73.84 838 61,877.49
0.96 BP/ LN BP PLC 0798059 6.00 10,283 61,739.63
0.96 1299 HK AIA GROUP LTD B4TX8S1 10.33 5,965 61,613.03
0.95 SAP GR SAP SE 4846288 111.49 546 60,874.70
0.93 SIE GR SIEMENS AG-REG 5727973 140.16 428 59,989.39
0.93 HSBA LN HSBC HOLDINGS PLC 0540528 6.11 9,728 59,415.74
0.84 ABI BB ANHEUSER-BUSCH I BYYHL23 59.66 908 54,169.02
0.78 4543 JP TERUMO CORP 6885074 30.08 1,661 49,965.64
0.76 SU FP SCHNEIDER ELECTRIC SE 4834108 147.99 331 48,983.04
0.70 4523 JP EISAI CO LTD 6307200 71.91 627 45,088.83
0.68 ALV GR ALLIANZ SE-REG 5231485 213.66 203 43,373.34
0.65 4578 JP OTSUKA HOLDINGS CO LTD B5LTM93 34.32 1,214 41,663.43
0.64 6861 JP KEYENCE CORP 6490995 429.56 96 41,237.70
0.64 GLEN LN GLENCORE PLC B4T3BW6 6.83 6,033 41,199.35
0.64 PRX NA PROSUS NV BJDS7L3 64.95 632 41,050.41
0.61 AI FP AIR LIQUIDE SA B1YXBJ7 146.31 267 39,064.02
0.58 RI FP PERNOD RICARD SA 4682329 199.24 188 37,457.66
0.58 RIO LN RIO TINTO PLC 0718875 68.67 544 37,356.62
0.58 CFR SW CIE FINANCI-REG BCRWZ18 130.97 282 36,933.40
0.56 ZURN SW ZURICH INSURANCE GROUP AG 5983816 483.10 75 36,232.23
0.55 DTE GR DEUTSCHE TELEKOM AG-REG 5842359 20.63 1,707 35,210.09
0.54 BNTX BIONTECH SE-ADR BK6H543 169.47 206 34,910.82
0.52 8306 JP MITSUBISHI UFJ F 6335171 5.50 6,098 33,556.27
0.52 IBE SM IBERDROLA SA B288C92 11.45 2,903 33,227.68
0.52 NAB AU NATL AUST BANK 6624608 21.58 1,539 33,204.97
0.51 REL LN RELX PLC B2B0DG9 28.63 1,151 32,954.29
0.51 UBSG SW UBS GROUP AG-REG BRJL176 18.52 1,774 32,848.70
0.51 SHL GR SIEMENS HEALTHINEERS AG BD594Y4 53.15 612 32,524.99
0.49 DG FP VINCI SA B1XH026 103.04 306 31,530.25
0.48 BNP FP BNP PARIBAS 7309681 55.19 563 31,072.13
0.48 BN FP DANONE B1Y9TB3 53.30 581 30,968.88
0.48 2413 JP M3 INC B02K2M3 30.84 1,003 30,931.92
0.48 6098 JP RECRUIT HOLDINGS CO LTD BQRRZ00 32.37 952 30,815.86
0.48 4507 JP SHIONOGI & CO LTD 6804682 51.12 602 30,775.38
0.48 COLOB DC COLOPLAST-B B8FMRX8 119.12 258 30,733.21
0.48 EL FP ESSILORLUXOTTICA 7212477 186.66 164 30,612.10
0.48 ABBN SW ABB LTD-REG 7108899 31.45 973 30,604.72
0.48 RMS FP HERMES INTERNATIONAL 5253973 1,607.05 19 30,533.97
0.48 3382 JP SEVEN & I HOLDINGS CO LTD B0FS5D6 40.84 747 30,505.39
0.45 PHIA NA KONINKLIJKE PHILIPS NV 5986622 14.99 1,934 28,985.36
0.45 WBC AU WESTPAC BANKING CORP 6076146 16.29 1,762 28,704.26
0.44 6367 JP DAIKIN INDUSTRIES LTD 6250724 167.18 170 28,420.88
0.44 AD NA KONINKLIJKE AHOL BD0Q398 29.50 963 28,406.99
0.43 CS FP AXA SA 7088429 28.71 971 27,874.21
0.43 MBG GR MERCEDES-BENZ GROUP AG 5529027 67.28 408 27,450.72
0.42 8035 JP TOKYO ELECTRON LTD 6895675 345.03 79 27,257.41
0.42 9984 JP SOFTBANK GROUP CORP 6770620 44.49 611 27,181.03
0.42 AAL LN ANGLO AMERICAN PLC B1XZS82 40.50 661 26,770.01
0.42 8031 JP MITSUI & CO LTD 6597302 28.90 926 26,765.64
0.41 WOW AU WOOLWORTHS GROUP LTD 6981239 23.56 1,117 26,321.37
0.41 4063 JP SHIN-ETSU CHEMICAL CO LTD 6804585 131.32 200 26,263.52
0.40 8001 JP ITOCHU CORP 6467803 31.35 825 25,867.36
0.40 SN/ LN SMITH & NEPHEW PLC 0922320 13.23 1,915 25,335.22
0.39 ADYEN NA ADYEN NV BZ1HM42 1,578.84 16 25,261.48
0.39 ANZ AU AUST AND NZ BANKING GROUP 6065586 16.99 1,468 24,944.56
0.38 SAN SM BANCO SANTANDER SA 5705946 2.95 8,280 24,455.09
0.38 NG/ LN NATIONAL GRID PLC BDR05C0 12.57 1,934 24,317.35
0.38 388 HK HKEX 6267359 40.78 594 24,221.21
0.38 DBS SP DBS GROUP HOLDINGS LTD 6175203 25.78 935 24,106.12
0.37 9433 JP KDDI CORP 6248990 30.03 790 23,723.83
0.37 7974 JP NINTENDO CO LTD 6639550 42.73 554 23,671.24
0.37 BAS GR BASF SE 5086577 50.19 471 23,638.66
0.36 7267 JP HONDA MOTOR CO LTD 6435145 24.53 954 23,399.07
0.36 IMB LN IMPERIAL BRANDS PLC 0454492 25.83 893 23,069.90
0.36 WDS AU WOODSIDE ENERGY GROUP LTD BMGT167 24.96 917 22,888.78
0.35 KER FP KERING 5505072 594.69 38 22,598.13
0.35 DPW GR DEUTSCHE POST AG-REG 4617859 40.02 563 22,532.16
0.35 8316 JP SMFG 6563024 34.03 662 22,529.33
0.35 SHL AU SONIC HEALTHCARE LTD 6821120 21.66 1,038 22,480.39
0.35 6869 JP SYSMEX CORP 6883807 62.60 358 22,410.23
0.35 IFX GR INFINEON TECHNOLOGIES AG 5889505 33.90 654 22,168.97
0.34 MQG AU MACQUARIE GROUP LTD B28YTC2 124.02 178 22,075.43
0.34 MUV2 GR MUENCHENER RUE-R 5294121 319.21 69 22,025.36
0.34 CPG LN COMPASS GROUP PLC BD6K457 22.90 953 21,820.10
0.34 INGA NA ING GROEP NV BZ57390 12.00 1,812 21,745.29
0.34 2914 JP JAPAN TOBACCO INC 6474535 20.68 1,042 21,544.48
0.33 ENEL IM ENEL SPA 7144569 5.51 3,859 21,245.32
0.33 HEIA NA HEINEKEN NV 7792559 95.62 220 21,035.43
0.32 SIKA SW SIKA AG-REG BF2DSG3 261.51 79 20,659.53
0.32 COH AU COCHLEAR LTD 6211798 145.06 142 20,599.05
0.32 UCB BB UCB SA 5596991 75.23 273 20,537.77
0.32 FPH NZ FISHER & PAYKEL 6340250 15.51 1,321 20,485.58
0.32 6594 JP NIDEC CORP 6640682 64.47 317 20,436.04
0.32 8766 JP TOKIO MARINE HOLDINGS INC 6513126 20.62 981 20,225.50
0.31 LLOY LN LLOYDS BANKING GROUP PLC 0870612 0.57 35,582 20,132.73
0.31 WES AU WESFARMERS LTD 6948836 33.37 598 19,956.14
0.31 TSCO LN TESCO PLC BLGZ986 2.81 7,085 19,876.59
0.31 EXPN LN EXPERIAN PLC B19NLV4 36.24 548 19,857.61
0.30 9983 JP FAST RETAILING CO LTD 6332439 608.99 32 19,487.68
0.30 EQNR NO EQUINOR ASA 7133608 38.66 502 19,407.61
0.30 BBVA SM BBVA 5501906 5.84 3,249 18,963.66
0.29 6981 JP MURATA MFG CO 6610403 55.78 339 18,908.98
0.29 ISP IM INTESA SANPAOLO 4076836 2.19 8,543 18,674.18
0.29 STLA IM STELLANTIS NV BMD8KX7 15.63 1,189 18,587.90
0.29 ATCOA SS ATLAS COPCO AB-A SHS BLDBN41 12.64 1,449 18,314.76
0.28 4661 JP ORIENTAL LAND CO LTD 6648891 144.93 126 18,260.87
0.28 OCBC SP OCBC BANK B0F9V20 9.11 1,994 18,166.05
0.28 ENI IM ENI SPA 7145056 14.78 1,221 18,040.80
0.28 UOB SP UNITED OVERSEAS BANK LTD 6916781 23.11 779 18,003.89
0.27 4452 JP KAO CORP 6483809 40.16 435 17,469.76
0.27 6954 JP FANUC CORP 6356934 151.29 115 17,398.48
0.27 DSV DC DSV A/S B1WT5G2 157.86 109 17,206.20
0.26 DB1 GR DEUTSCHE BOERSE AG 7021963 186.97 90 16,827.63
0.26 8267 JP AEON CO LTD 6480048 20.62 813 16,767.79
0.26 TCL AU TRANSURBAN GROUP 6200882 9.73 1,720 16,739.40
0.26 LSEG LN LONDON STOCK EX B0SWJX3 101.45 165 16,738.84
0.26 VOLVB SS VOLVO AB-B SHS B1QH830 18.64 894 16,663.96
0.26 NDA SS NORDEA BANK ABP BYZF9J9 10.60 1,570 16,648.47
0.26 PRU LN PRUDENTIAL PLC 0709954 12.46 1,329 16,563.59
0.26 4911 JP SHISEIDO CO LTD 6805265 44.39 373 16,557.65
0.26 INVEB SS INVESTOR AB-B SHS BMV7PQ4 18.72 880 16,477.77
0.25 RACE IM FERRARI NV BD6G507 226.61 71 16,089.49
0.25 9432 JP NIPPON TELEGRAPH 6641373 28.10 571 16,042.44
0.25 AHT LN ASHTEAD GROUP PLC 0053673 62.39 256 15,971.74
0.25 8113 JP UNICHARM CORP 6911485 37.82 418 15,809.15
0.25 ITX SM INDITEX BP9DL90 26.39 596 15,731.09
0.24 CASH 0.04 400,126 15,672.93
0.24 6902 JP DENSO CORP 6640381 55.34 283 15,660.46
0.24 BMW GR BMW AG 5756029 89.28 174 15,535.03
0.24 FERG LN FERGUSON PLC BJVNSS4 118.45 131 15,516.88
0.24 2502 JP ASAHI GROUP HOLDINGS LTD 6054409 32.19 480 15,449.13
0.24 CRH ID CRH PLC 4182249 40.05 382 15,298.27
0.24 BARC LN BARCLAYS PLC 3134865 1.94 7,823 15,189.21
0.24 VOD LN VODAFONE GROUP PLC BH4HKS3 1.12 13,439 15,087.55
0.23 8411 JP MIZUHO FINANCIAL 6591014 12.34 1,216 15,006.55
0.23 9434 JP SOFTBANK CORP BF5M0K5 10.85 1,382 14,996.32
0.23 RIO AU RIO TINTO LTD 6220103 77.12 193 14,883.26
0.23 6273 JP SMC CORP 6763965 464.06 32 14,850.00
0.23 VOW3 GR Volkswagen AG 5497168 146.16 101 14,762.20
0.23 9022 JP CENTRAL JAPAN RAILWAY CO 6183552 120.72 121 14,607.59
0.23 FME GR FRESENIUS MEDICA 5129074 31.81 459 14,598.70
0.23 VWS DC VESTAS WIND SYSTEMS A/S BN4MYF5 25.55 566 14,462.95
0.22 COL AU COLES GROUP LTD BYWR0T5 11.45 1,258 14,402.16
0.22 SGO FP COMPAGNIE DE SAINT GOBAIN 7380482 47.18 297 14,012.05
0.22 ESSITYB SS ESSITY AKTIEBOLAG-B BF1K7P7 25.19 553 13,931.33
0.21 NOKIA FH NOKIA OYJ 5902941 5.02 2,724 13,682.70
0.21 DSY FP DASSAULT SYSTEMES SE BM8H5Y5 38.45 353 13,574.22
0.21 ENGI FP ENGIE B0C2CQ3 15.19 893 13,565.29
0.21 GIVN SW GIVAUDAN-REG 5980613 3,390.30 4 13,561.20
0.21 7751 JP CANON INC 6172323 23.29 574 13,369.26
0.21 6702 JP FUJITSU LIMITED 6356945 137.46 97 13,333.66
0.20 ASSAB SS ASSA ABLOY AB-B BYPC1T4 23.36 555 12,963.50
0.20 6301 JP KOMATSU LTD 6496584 23.17 557 12,903.65
0.20 4151 JP KYOWA KIRIN CO LTD 6499550 23.62 540 12,752.15
0.20 5108 JP BRIDGESTONE CORP 6132101 37.84 334 12,637.11
0.20 UCG IM UNICREDIT SPA BYMXPS7 13.16 960 12,634.10
0.20 AMS SM AMADEUS IT GROUP SA B3MSM28 54.59 231 12,610.88
0.20 ADS GR ADIDAS AG 4031976 131.00 96 12,575.71
0.20 STM IM STMICROELECTRONICS NV 5962343 38.67 325 12,569.08
0.19 SAMPO FH SAMPO OYJ-A SHS 5226038 51.09 243 12,414.89
0.19 HEXAB SS HEXAGON AB-B SHS BNZFHC1 11.63 1,064 12,369.76
0.19 FMG AU FORTESCUE METALS 6086253 13.59 906 12,315.95
0.19 6752 JP PANASONIC HOLDINGS CORP 6572707 9.42 1,304 12,279.26
0.19 9020 JP EAST JAPAN RAILWAY CO 6298542 56.85 215 12,223.35
0.19 6503 JP MITSUBISHI ELECTRIC CORP 6597045 10.10 1,208 12,206.19
0.19 2503 JP KIRIN HOLDINGS CO LTD 6493745 15.80 769 12,149.10
0.19 8053 JP SUMITOMO CORP 6858946 16.46 730 12,016.30
0.19 DSM NA KONINKLIJKE DSM NV B0HZL93 130.29 92 11,987.08
0.19 HEN3 GR HENKEL AG & CO KGAA 5076705 72.19 166 11,983.35
0.18 CARLB DC CARLSBERG AS-B 4169219 126.20 93 11,736.55
0.18 669 HK TECHTRONIC IND B0190C7 12.42 932 11,573.62
0.18 FLTR ID FLUTTER ENTER-DI BWT6H89 148.07 78 11,549.38
0.18 KNEBV FH KONE OYJ-B B09M9D2 50.72 227 11,514.13
0.18 SAND SS SANDVIK AB B1VQ252 18.68 612 11,431.77
0.18 GMG AU GOODMAN GROUP B03FYZ4 13.08 870 11,376.27
0.18 8002 JP MARUBENI CORP 6569464 11.36 1,000 11,362.47
0.17 PGHN SW PARTNERS GROUP HOLDING AG B119QG0 1,008.57 11 11,094.29
0.17 G IM ASSICURAZIONI GENERALI 4056719 17.96 610 10,954.43
0.17 EOAN GR E.ON SE 4942904 9.53 1,149 10,952.50
0.17 NESTE FH NESTE OYJ B06YV46 50.50 216 10,908.61
0.17 SE SEA LTD-ADR BYWD7L4 61.15 176 10,762.40
0.16 6326 JP KUBOTA CORP 6497509 15.11 697 10,529.61
0.16 EVO SS EVOLUTION AB BJXSCH4 104.77 100 10,476.66
0.16 CCEP COCA-COLA EUROPA BYQQ3P5 53.69 193 10,362.17
0.16 TEF SM TELEFONICA SA 5732524 3.81 2,711 10,342.40
0.16 SSE LN SSE PLC 0790873 21.34 483 10,309.37
0.16 BEI GR BEIERSDORF AG 5107401 110.79 93 10,303.43
0.16 CLNX SM CELLNEX TELECOM SA BX90C05 35.90 286 10,266.02
0.16 TEAM ATLASSIAN CORP -CLASS A BQ1PC76 140.06 72 10,084.32
0.16 7269 JP SUZUKI MOTOR CORP 6865504 35.81 280 10,027.51
0.15 SEBA SS SEB AB-A 4813345 11.69 837 9,787.30
0.15 ATCOB SS ATLAS COPCO AB-B SHS BLDBN52 11.40 858 9,781.00
0.15 8802 JP MITSUBISHI ESTATE CO LTD 6596729 13.83 702 9,711.70
0.15 LGEN LN LEGAL & GENERAL GROUP PLC 0560399 3.13 3,082 9,652.04
0.15 ERICB SS ERICSSON LM-B SHS 5959378 6.49 1,482 9,614.93
0.15 8801 JP MITSUI FUDOSAN CO LTD 6597603 19.85 484 9,606.65
0.15 16 HK SUN HUNG KAI PROPERTIES 6859927 12.03 790 9,505.59
0.15 6971 JP KYOCERA CORP 6499260 51.53 183 9,430.70
0.15 VNA GR VONOVIA SE BBJPFY1 24.45 385 9,414.96
0.15 KBC BB KBC GROUP NV 4497749 55.39 169 9,360.83
0.15 STAN LN STANDARD CHARTERED PLC 0408284 7.30 1,280 9,339.35
0.15 1 HK CK HUTCHISON HOLDINGS LTD BW9P816 5.75 1,620 9,319.32
0.14 DTG GR DAIMLER TRUCK HOLDING AG BP6VLQ4 32.87 282 9,269.29
0.14 2267 JP YAKULT HONSHA CO LTD 6985112 64.37 143 9,205.11
0.14 8591 JP ORIX CORP 6661144 16.30 563 9,174.17
0.14 ORSTED DC ORSTED A/S BYT16L4 93.56 98 9,168.56
0.14 DNB NO DNB BANK ASA BNG7113 19.50 470 9,164.78
0.14 WIL SP WILMAR INTERNATIONAL LTD B17KC69 3.02 3,012 9,109.77
0.14 CNHIM QX CNH INDUSTRIAL NV BDSV2V0 16.41 550 9,023.34
0.14 6920 JP LASERTEC CORP 6506267 194.59 46 8,950.93
0.14 8750 JP DAI-ICHI LIFE HO B601QS4 18.30 487 8,910.24
0.14 ALL AU ARISTOCRAT LEISURE LTD 6253983 24.54 360 8,833.77
0.13 NIBEB SS NIBE INDUSTRIER AB-B SHS BN7BZM3 10.03 851 8,533.54
0.13 MT NA ARCELORMITTAL BYPBS67 26.69 318 8,488.47
0.13 7309 JP SHIMANO INC 6804820 174.61 48 8,381.37
0.13 UMG NA UNIVERSAL MUSIC GROUP NV BNZGVV1 23.53 355 8,351.87
0.13 6502 JP TOSHIBA CORP 6897217 34.15 244 8,332.58
0.13 AV/ LN AVIVA PLC BPQY8M8 5.46 1,506 8,230.16
0.13 SHBA SS SVENSKA HAN-A BXDZ9Q1 10.28 793 8,151.02
0.13 STO AU SANTOS LTD 6776703 5.06 1,596 8,076.09
0.12 SWEDA SS SWEDBANK AB - A SHARES 4846523 16.49 482 7,949.29
0.12 JM SP JARDINE MATHESON 6472119 49.68 160 7,948.80
0.12 5401 JP NIPPON STEEL CORP 6642569 16.14 492 7,941.21
0.12 7832 JP BANDAI NAMCO HOLDINGS INC B0JDQD4 66.12 120 7,934.67
0.12 8630 JP SOMPO HOLDINGS INC B62G7K6 42.88 185 7,931.88
0.12 1925 JP DAIWA HOUSE INDU 6251363 23.03 344 7,921.14
0.12 NWG LN NATWEST GROUP PLC BM8PJY7 3.16 2,506 7,912.71
0.12 9735 JP SECOM CO LTD 6791591 61.70 127 7,836.01
0.12 III LN 3I GROUP PLC B1YW440 16.14 471 7,600.59
0.12 KNIN SW KUEHNE & NAGEL-R B142S60 244.80 31 7,588.67
0.12 S32 AU SOUTH32 LTD BWSW5D9 2.92 2,536 7,409.45
0.11 6762 JP TDK CORP 6869302 36.86 198 7,297.73
0.11 8725 JP MS&AD INSURANCE B2Q4CS1 29.39 248 7,288.75
0.11 CHKP CHECK POINT SOFTWARE TECH 2181334 134.50 54 7,263.00
0.11 6723 JP RENESAS ELECTRONICS CORP 6635677 10.02 722 7,237.00
0.11 6857 JP ADVANTEST CORP 6870490 70.11 102 7,151.18
0.11 BXB AU BRAMBLES LTD B1FJ0C0 8.28 861 7,130.43
0.11 EDP PL EDP 4103596 4.87 1,465 7,129.82
0.11 ST SP SINGAPORE TELECO B02PY11 1.98 3,590 7,097.37
0.11 27 HK GALAXY ENTERTAIN 6465874 6.21 1,120 6,954.11
0.11 ACA FP CREDIT AGRICOLE SA 7262610 9.96 697 6,945.08
0.11 LUMI IT BANK LEUMI LE-ISRAEL 6076425 9.16 757 6,931.52
0.11 1928 JP SEKISUI HOUSE LTD 6793906 18.60 369 6,862.59
0.11 823 HK LINK REIT B0PB4M7 6.85 1,000 6,851.78
0.11 NICE IT NICE LTD 6647133 201.23 34 6,841.90
0.11 QBE AU QBE INSURANCE GROUP LTD 6715740 8.82 767 6,764.64
0.10 EPIA SS EPIROC AB-A BMD58R8 19.31 344 6,643.27
0.10 6201 JP TOYOTA INDUSTRIES CORP 6900546 57.24 116 6,639.30
0.10 8830 JP SUMITOMO REALTY 6858902 26.36 250 6,589.79
0.10 MOWI NO MOWI ASA B02L486 15.97 409 6,530.02
0.10 9101 JP NIPPON YUSEN KK 6643960 22.64 288 6,519.36
0.10 MAERSKB DC AP MOLLER-MAERSK A/S-B 4253048 2,157.38 3 6,472.13
0.10 ABF LN ASSOC BRIT FOODS 0673123 19.47 330 6,426.34
0.10 NCM AU NEWCREST MINING LTD 6637101 14.07 446 6,275.44
0.10 HEN GR HENKEL AG & CO KGAA 5002465 67.59 92 6,217.85
0.10 WPP LN WPP PLC B8KF9B4 10.72 579 6,206.21
0.10 8309 JP SM TRUST HD 6431897 31.71 194 6,152.68
0.10 SGRO LN SEGRO PLC B5ZN1N8 9.90 616 6,096.53
0.09 CRDA LN CRODA INTERNATIONAL PLC BJFFLV0 84.91 71 6,028.73
0.09 2897 JP NISSIN FOODS HOL 6641760 76.95 78 6,002.21
0.09 AENA SM AENA SME SA BVRZ8L1 130.29 46 5,993.54
0.09 1113 HK CK ASSET HOLDINGS LTD BYZQ077 5.96 1,000 5,958.35
0.09 11 HK HANG SENG BANK LTD 6408374 15.63 380 5,940.10
0.09 TLS AU TELSTRA GROUP LTD 6087289 2.71 2,185 5,922.62
0.09 MONC IM MONCLER SPA BGLP232 52.31 113 5,910.63
0.09 2 HK CLP HOLDINGS LTD 6097017 7.31 800 5,848.57
0.09 8308 JP RESONA HOLDINGS INC 6421553 4.74 1,220 5,788.11
0.09 1605 JP INPEX CORP B10RB15 11.28 513 5,785.54
0.09 7270 JP SUBARU CORP 6356406 16.84 342 5,760.38
0.09 POLI IT BANK HAPOALIM BM 6075808 9.56 602 5,753.62
0.09 TRN IM TERNA-RETE ELETT B01BN57 7.82 726 5,674.86
0.09 6645 JP OMRON CORP 6659428 52.67 107 5,636.14
0.09 5020 JP ENEOS Holdings, Inc. B627LW9 3.42 1,647 5,634.19
0.09 SRG IM SNAM SPA 7251470 5.13 1,091 5,595.66
0.09 8604 JP NOMURA HOLDINGS INC 6643108 3.67 1,512 5,556.12
0.09 3407 JP ASAHI KASEI CORP 6054603 7.54 733 5,527.29
0.09 SCG AU SCENTRE GROUP BLZH0Z7 2.05 2,686 5,506.20
0.09 9613 JP NTT DATA CORP 6125639 15.60 352 5,492.47
0.09 NHY NO NORSK HYDRO ASA B11HK39 7.50 730 5,478.21
0.09 9843 JP NITORI HOLDINGS CO LTD 6644800 119.07 46 5,477.16
0.09 CPR IM DAVIDE CAMPARI-MILANO NV BMQ5W17 10.57 516 5,451.60
0.08 2688 HK ENN ENERGY HOLDINGS LTD 6333937 13.56 400 5,424.86
0.08 9021 JP WEST JAPAN RAILWAY CO 6957995 42.35 128 5,420.20
0.08 3659 JP NEXON CO LTD B63QM77 21.72 248 5,387.66
0.08 2388 HK BOC HONG KONG HO 6536112 3.17 1,700 5,386.94
0.08 INMD INMODE LTD BK5Z9R9 38.18 141 5,383.38
0.08 7532 JP PAN PACIFIC INTE 6269861 17.52 307 5,377.53
0.08 SPOT SPOTIFY TECHNOLOGY SA BFZ1K46 79.45 67 5,323.15
0.08 SUN AU SUNCORP GROUP LTD 6585084 8.02 654 5,246.89
0.08 6988 JP NITTO DENKO CORP 6641801 63.64 82 5,218.13
0.08 ENT LN ENTAIN PLC B5VQMV6 17.21 303 5,214.78
0.08 AKRBP NO AKER BP ASA B1L95G3 34.39 150 5,159.02
0.08 INVEA SS INVESTOR AB-A SHS BMV7PN1 19.33 266 5,142.08
0.08 6506 JP YASKAWA ELECTRIC CORP 6986041 33.58 153 5,138.27
0.08 ALFA SS ALFA LAVAL AB 7332687 29.34 175 5,135.26
0.08 KRXI S1 KINGSPAN GROUP PLC 4491235 58.12 88 5,114.21
0.08 6701 JP NEC CORP 6640400 35.50 144 5,111.45
0.08 5713 JP SUMITOMO MET MIN 6858849 34.74 146 5,071.82
0.08 ORK NO ORKLA ASA B1VQF42 7.16 705 5,050.51
0.08 9143 JP SG HOLDINGS CO LTD BFFY885 15.56 322 5,010.15
0.08 EBS AV ERSTE GROUP BANK AG 5289837 30.55 164 5,009.72
0.08 OCDO LN OCADO GROUP PLC B3MBS74 8.16 614 5,007.20
0.08 5802 JP SUMITOMO ELEC IN 6858708 11.71 426 4,989.27
0.08 JHX AU JAMES HARDIE-CDI B60QWJ2 20.96 237 4,968.17
0.08 7201 JP NISSAN MOTOR CO LTD 6642860 3.60 1,367 4,919.71
0.08 3402 JP TORAY INDUSTRIES INC 6897143 5.42 903 4,896.65
0.08 STERV FH STORA ENSO OYJ-R SHS 5072673 14.89 325 4,839.50
0.08 4307 JP NOMURA RESEARCH 6390921 22.18 217 4,813.18
0.07 7202 JP ISUZU MOTORS LTD 6467104 13.09 365 4,779.67
0.07 4684 JP OBIC CO LTD 6136749 159.27 30 4,778.19
0.07 PAH3 GR PAH3 7101069 60.34 79 4,766.79
0.07 BT/A LN BT GROUP PLC 3091357 1.48 3,199 4,730.61
0.07 ASX AU ASX LTD 6129222 48.07 98 4,710.72
0.07 9005 JP TOKYU CORP 6896548 12.57 368 4,624.03
0.07 9042 JP HANKYU HANSHIN H 6408664 30.94 149 4,609.32
0.07 APA AU APA GROUP 6247306 7.70 588 4,529.18
0.07 7701 JP SHIMADZU CORP 6804369 30.75 146 4,489.66
0.07 3 HK HONG KONG & CHINA GAS 6436557 0.87 5,110 4,427.48
0.07 SCAB SS SVENSKA CELL-B B1VVGZ5 13.71 323 4,427.22
0.07 DHER GR DELIVERY HERO SE BZCNB42 44.63 99 4,418.41
0.07 1928 HK SANDS CHINA LTD B5B23W2 2.76 1,600 4,411.88
0.07 9962 JP MISUMI GROUP INC 6595179 25.93 170 4,408.52
0.07 4612 JP NIPPON PAINT HOL 6640507 8.56 509 4,354.94
0.07 SOLB BB SOLVAY SA 4821100 98.78 44 4,346.43
0.07 66 HK MTR CORP 6290054 4.83 900 4,344.39
0.07 6586 JP MAKITA CORP 6555805 23.28 182 4,237.70
0.07 MAERSKA DC AP MOLLER-MAERSK A/S-A 4253059 2,110.85 2 4,221.69
0.07 1876 HK BUDWEISER BREWIN BKDXJH5 3.01 1,400 4,220.34
0.07 6146 JP DISCO CORP 6270948 300.89 14 4,212.46
0.07 6479 JP MINEBEA MITSUMI INC 6642406 17.05 247 4,210.25
0.07 2587 JP SUNTORY FOOD BEV BBD7Q84 33.62 124 4,168.91
0.06 4324 JP DENTSU GROUP INC 6416281 31.74 130 4,126.76
0.06 EXO NA EXOR NV BMJ1825 80.56 51 4,108.41
0.06 6963 JP ROHM CO LTD 6747204 81.81 50 4,090.34
0.06 IAG AU INSURANCE AUSTRALIA GROUP 6271026 3.26 1,247 4,059.51
0.06 8697 JP JAPAN EXCHANGE GROUP INC 6743882 14.59 277 4,042.00
0.06 1801 JP TAISEI CORP 6870100 30.09 129 3,881.48
0.06 4689 JP Z HOLDINGS CORP 6084848 2.79 1,383 3,858.12
0.06 EPIB SS EPIROC AB-B BMD58W3 16.80 229 3,847.49
0.06 UMI BB UMICORE BF44466 36.47 105 3,829.55
0.06 FORTUM FH FORTUM OYJ 5579550 16.79 227 3,811.07
0.06 6383 JP DAIFUKU CO LTD 6250025 52.89 72 3,808.43
0.06 OMV AV OMV AG 4651459 51.30 74 3,796.19
0.06 7951 JP YAMAHA CORP 6642387 40.24 94 3,782.68
0.06 GBLB BB GROUPE BRUX LAMB 7097328 81.75 46 3,760.61
0.06 9531 JP TOKYO GAS CO LTD 6895448 18.31 204 3,735.42
0.06 9503 JP KANSAI ELEC PWR 6483489 8.42 443 3,728.33
0.06 TELIA SS TELIA CO AB 5978384 2.80 1,324 3,711.32
0.06 9064 JP YAMATO HOLDINGS CO LTD 6985565 17.24 215 3,705.91
0.06 9502 JP CHUBU ELEC POWER 6195609 9.29 395 3,670.16
0.06 AIA NZ AUCKLAND INTL AIRPORT LTD BKX3XG2 5.19 706 3,662.22
0.06 RYM NZ RYMAN HEALTHCARE LTD 6161525 4.27 847 3,618.60
0.06 DSCT IT ISRAEL DISCOUNT BANK-A 6451271 5.98 605 3,617.05
0.06 YAR NO YARA INTERNATIONAL ASA 7751259 46.13 78 3,597.99
0.06 CLAR SP CAPITALAND ASCENDAS REIT 6563875 2.07 1,713 3,550.85
0.06 EDF FP EDF B0NJJ17 12.58 282 3,548.62
0.06 SIA SP SINGAPORE AIRLINES LTD 6811734 4.09 863 3,533.23
0.06 5411 JP JFE HOLDINGS INC 6543792 11.32 310 3,509.82
0.06 4704 JP TREND MICRO INC 6125286 50.10 70 3,506.95
0.05 CYBR CYBERARK SOFTWAR BQT3XY6 158.25 22 3,481.50
0.05 8601 JP DAIWA SECS GRP 6251448 4.49 774 3,473.41
0.05 XRO AU XERO LTD B8P4LP4 51.07 68 3,472.89
0.05 4204 JP SEKISUI CHEMICAL CO LTD 6793821 14.16 245 3,469.62
0.05 CICT SP CAPITALAND INTEG 6420129 1.52 2,234 3,394.84
0.05 4188 JP MITSUBISHI CHEMI B0JQTJ0 5.39 630 3,394.02
0.05 SKAB SS SKANSKA AB-B SHS 7142091 16.44 206 3,387.47
0.05 CLI SP CAPITALAND INVES BNHXFJ6 2.74 1,229 3,372.59
0.05 3038 JP KOBE BUSSAN CO LTD B14RJB7 26.89 125 3,361.10
0.05 5332 JP TOTO LTD 6897466 35.75 94 3,360.85
0.05 TEL NO TELENOR ASA 4732495 9.84 341 3,355.80
0.05 SKFB SS SKF AB-B SHARES B1Q3J35 16.79 199 3,340.57
0.05 9532 JP OSAKA GAS CO LTD 6661768 15.37 217 3,334.90
0.05 8795 JP T&D HOLDINGS INC 6744294 12.04 273 3,285.72
0.05 SPK NZ SPARK NEW ZEALAND LTD 6881436 3.31 983 3,253.14
0.05 EQT SS EQT AB BJ7W9K4 23.64 135 3,191.09
0.05 ELE SM ENDESA SA 5271782 18.83 167 3,145.23
0.05 DXS AU DEXUS B033YN6 5.50 560 3,081.62
0.05 4922 JP KOSE CORP 6194468 109.47 28 3,065.11
0.05 EDPR PL EDP RENOVAVEIS SA B39GNW2 23.71 127 3,011.16
0.05 SWMA SS SWEDISH MATCH AB BP09MR2 10.91 269 2,933.81
0.05 9602 JP TOHO CO LTD 6895200 38.70 74 2,863.53
0.04 TOM NO TOMRA SYSTEMS ASA BPLXRG7 20.01 142 2,841.18
0.04 2127 JP NIHON M&A CENTER B1DN466 14.18 191 2,707.70
0.04 MZTF IT MIZRAHI TEFAHOT BANK LTD 6916703 37.23 72 2,680.82
0.04 9008 JP KEIO CORP 6487362 37.15 72 2,674.91
0.04 ANTO LN ANTOFAGASTA PLC 0045614 17.24 154 2,655.14
0.04 7259 JP AISIN CORP 6010702 27.37 96 2,627.23
0.04 9007 JP ODAKYU ELEC RAIL 6656106 13.20 197 2,600.00
0.04 3064 JP MONOTARO CO LTD B1GHR88 17.46 148 2,583.71
0.04 INDUA SS INDUSTRIVARDEN AB-A SHS B1VSK10 25.93 98 2,540.76
0.04 VOW GR VOLKSWAGEN AG 5497102 194.84 13 2,532.90
0.04 ANDR AV ANDRITZ AG B1WVF68 54.32 46 2,498.72
0.04 3462 JP NOMURA REAL ESTA BYSJJF4 1,241.82 2 2,483.63
0.04 3283 JP NIPPON PROLOGIS REIT INC B98BC67 2,427.72 1 2,427.72
0.04 4755 JP RAKUTEN GROUP INC 6229597 4.87 496 2,415.60
0.04 INDUC SS INDUSTRIVARDEN AB-C SHS B1VSK54 25.88 92 2,380.76
0.04 WIX WIX.COM LTD BFZCHN7 91.14 26 2,369.64
0.04 STE SP SINGAP TECH ENG 6043214 2.55 928 2,368.60
0.04 PST IM POSTE ITALIANE SPA BYYN701 9.84 235 2,313.01
0.04 7276 JP KOITO MFG CO 6496324 16.09 140 2,252.48
0.04 3769 JP GMO PAYMENT GATEWAY INC B06CMQ9 93.28 24 2,238.80
0.04 BMW3 GR Bayerische Motoren Werke 5756030 85.46 26 2,222.08
0.03 12 HK HENDERSON LAND D 6420538 3.16 700 2,213.65
0.03 3003 JP HULIC CO LTD 6805317 8.42 263 2,213.43
0.03 NTGY SM NATURGY ENERGY GROUP SA 5650422 28.18 78 2,197.82
0.03 3092 JP ZOZO INC B292RC1 25.31 84 2,125.80
0.03 REA AU REA GROUP LTD 6198578 85.97 24 2,063.26
0.03 MEL NZ MERIDIAN ENERGY LTD BWFD052 3.15 639 2,010.80
0.03 SOF BB SOFINA 4820301 223.36 9 2,010.26
0.03 KINVB SS KINNEVIK AB - B BNKF607 16.07 124 1,992.36
0.03 3141 JP WELCIA HOLDINGS CO LTD B3CF1G6 22.84 86 1,964.47
0.03 4091 JP NIPPON SANSO HOLDINGS 6640541 16.71 117 1,954.73
0.03 GJF NO GJENSIDIGE FORSIKRING ASA B4PH0C5 19.60 98 1,921.01
0.03 TSEM IT TOWER SEMICONDUCTOR LTD 6320605 44.69 42 1,877.07
0.03 CEN NZ CONTACT ENERGY LTD 6152529 4.82 387 1,865.58
0.03 BG AV BAWAG GROUP AG BZ1GZ06 51.03 36 1,836.98
0.03 7181 JP JAPAN POST INSUR BYT8154 16.33 112 1,829.18
0.03 ATL IM ATLANTIA SPA 7667163 24.06 76 1,828.25
0.03 BEZQ IT BEZEQ THE ISRAEL 6098032 1.87 970 1,815.84
0.03 9202 JP ANA HOLDINGS INC 6014908 21.44 84 1,801.37
0.03 4768 JP OTSUKA CORP 6267058 33.33 54 1,799.60
0.03 VOLVA SS VOLVO AB-A SHS B1QH7Y4 19.50 92 1,794.45
0.03 SALM NO SALMAR ASA B1W5NW2 35.51 50 1,775.58
0.03 1913 HK PRADA S.P.A. B4PFFW4 5.51 300 1,652.53
0.03 VOE AV VOESTALPINE AG 4943402 27.37 59 1,614.81
0.02 AZRG IT AZRIELI GROUP LTD B5MN1W0 71.49 22 1,572.77
0.02 LATOB SS LATOUR INV-B BZ404X1 20.52 76 1,559.43
0.02 SAGAB SS SAGAX AB-B B9M3PK4 22.14 69 1,527.73
0.02 7182 JP JAPAN POST BANK CO LTD BYT8165 7.58 199 1,509.37
0.02 REH AU REECE LTD 6728801 10.79 139 1,500.46
0.02 9201 JP JAPAN AIRLINES CO LTD B8BRV46 20.05 73 1,463.97
0.02 4716 JP ORACLE CORP JAPAN 6141680 59.81 22 1,315.82
0.02 NVMI IT NOVA LTD 6534161 86.97 15 1,304.50
0.02 708 HK CHINA EVERGRANDE BYYJDM3 0.23 5,700 1,289.63
0.02 PLUS LN PLUS500 LTD BBT3PS9 23.70 54 1,279.78
0.02 BALDB SS FASTIGHETS-B SHS BPMRNZ9 4.57 277 1,264.73
0.02 LUNDB SS LUNDBERGS AB-B SHS 4538002 44.32 28 1,240.98
0.02 AMS SW AMS-OSRAM AG BPF0548 8.41 145 1,220.03
0.02 STRS IT STRAUSS GROUP LTD 6304115 25.49 47 1,198.24
0.02 FIBI IT FIRST INTL BANK ISRAEL 6123815 44.07 27 1,189.97
0.02 VOLCARB SS VOLVO CAR AB-B BMXC0X9 5.00 238 1,189.50
0.02 VER AV VERBUND AG 4661607 90.92 13 1,181.93
0.02 MCY NZ MERCURY NZ LTD B8W6K56 3.54 325 1,150.16
0.02 RBI AV RAIFFEISEN BANK B0704T9 15.73 72 1,132.54
0.02 ADE NO ADEVINTA ASA BJ0DP40 7.22 146 1,054.31
0.02 HLAG GR HAPAG-LLOYD AG BYZTSW7 208.05 5 1,040.26
0.02 SCHB NO SCHIBSTED ASA-B SHS BWVFKQ3 19.49 52 1,013.44
0.02 ACLN SW ACCELLERON INDUSTRIES AG BNM73Q6 19.85 48 952.95
0.02 TPG AU TPG TELECOM LTD BMB2257 3.38 281 949.22
0.01 GLBE GLOBAL-E ONLINE LTD BN770J3 24.40 38 927.20
0.01 SCHA NO SCHIBSTED ASA-CL A 4790534 19.98 46 919.16
0.01 SINCH SS SINCH AB BKP8Q11 3.32 274 908.67
0.01 4739 JP ITOCHU TECHNO SO 6200194 24.13 36 868.68
0.01 6753 JP SHARP CORP 6800602 7.22 116 838.02
0.01 MLSR IT MELISRON 6565310 76.15 11 837.62
0.01 FROG JFROG LTD BMX6JW3 22.76 36 819.36
0.01 FVRR FIVERR INTERNATIONAL LTD BKKDH30 35.36 22 777.92
0.01 ZIM ZIM INTEGRATED S BLC90J0 20.09 38 763.42
0.01 CDI FP CHRISTIAN DIOR SE 4061393 749.78 1 749.78
0.01 KRNT KORNIT DIGITAL LTD BWFRFD7 25.34 28 709.52
0.01 SPEN IT SHAPIR ENGINEERI BTF8CZ0 8.81 77 678.72
0.01 AUTO NO AUTOSTORE HOLDINGS LTD BN49G27 1.89 353 667.15
0.01 MVNE IT MIVNE REAL ESTATE KD LTD 6416980 3.42 193 660.57
0.01 MNDY MONDAY.COM LTD BMHRYX8 106.81 6 640.86
0.01 9435 JP HIKARI TSUSHIN INC 6416322 139.85 4 559.41
0.01 ALLEI SS ALLEIMA AB BMQ4ZX7 3.95 122 481.81
0.01 TKA AV TELEKOM AUSTRIA AG 4635088 6.29 74 465.60
0.01 VAR NO VAR ENERGI ASA BPLF0Y2 3.75 105 394.20
0.00 SHBB SS SVENSKA HAN-B BXDZ9V6 12.24 22 269.36
0.00 BIG IT BIG SHOPPING CEN B1KZR22 118.01 1 118.01
0.00 SEBC SS SEB AB-C 4812740 12.38 4 49.52
0.00 AMOT IT AMOT INVESTMENTS LTD B18MCB9 6.52 6 39.09
0.00 KINVA SS KINNEVIK AB - A BNKF5Z5 16.07 1 16.07
0.00 SAGAD SS SAGAX AB-D BDQZF59 2.50 1 2.50
Holdings are subject to change.

Sector Breakdown As of 10/31/22

Sector Weight (%)
Financials 18.0
Industrials 14.2
Health Care 13.9
Consumer Discretionary 12.0
Consumer Staples 11.7
Information Technology 8.4
Materials 6.8
Energy 5.7
Communication Services 4.4
Utilities 3.1
Real Estate 1.9

Source: AltaVista Research, LLC

Country Breakdown As of 10/31/22

Country Weight (%)
Japan 27.7
Britain 12.7
Australia 11.5
France 10.0
Germany 8.0
Switzerland 4.9
Netherlands 4.6
Sweden 3.7
Hong Kong 2.5
Spain 2.2
Italy 2.0
Other/Cash 10.2

Source: AltaVista Research, LLC

ETF Characteristics As of 12/01/22

Return on Equity 15.60%
Weighted Avg. Market Cap 10,020 M
2021 2022
Price-to-earnings 13.64 12.80
Price-to-book value 2.09 1.91

Source: AltaVista Research, LLC

ETF Risk Stats As of 11/30/22

Versus Beta
S&P 500 0.93
MSCI EAFE 1.05
MSCI Emg. Mkts 0.83
Standard Deviation 20.40%

Source: AltaVista Research, LLC

ETF Research

Investing involves risk, including the possible loss of principal. CEFA’s consideration of the Guidelines in its investment process may result in choices not to purchase, or sell, otherwise profitable investments in companies that have been identified as being in conflict with the Guidelines. This means that the Fund may underperform other similar funds that do not consider the Guidelines when making investment decisions.

In addition to the normal risks associated with investing, 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. The fund 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.

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 Standard & Poors, nor does Standard & Poors 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 Standard & Poors.

CEFA is not authorized or sponsored by the Roman Catholic Church and the United States Conference of Catholic Bishops has not endorsed Global X, its investment management activities and/or the Fund.

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