Contact

CEFA

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

Fund 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).

Fund 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.

Why 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.

Fund Details As of 04/15/21

Key Facts

Ticker CEFA
Inception Date 06/22/20
CUSIP 37954Y368
ISIN US37954Y3687
Bloomberg Index Ticker SPEKCVUN
Primary Exchange Nasdaq
Number of Holdings 478

Stats & Fees

Net Assets $3,218,162
Net Asset Value (NAV) $32.18
Shares Outstanding 100,000
Total Expense Ratio 0.35%

Distributions

30-Day SEC Yield 1.24%
Distribution Frequency Semi-Annually
 Distribution Calendar

Fund Documents

Fund Research

Fund Prices As of 04/15/21

NAV $32.18 Daily Change $0.17 0.52%
Market Price $31.58 Daily Change $0.00 0.01%
30-Day Median Bid-Ask Spread 0.44%

Performance History

Premium Discount Chart
As of recent month & quarter-end (03/31/21)
Fund NAV Market Price Index
Year-to-Date 3.22% 2.67% 3.29%
1 Month 1.97% 2.20% 1.99%
3 Months 3.22% 2.67% 3.29%
Since Inception 25.16% 25.56% 25.59%
Year-to-Date 3.22% 2.67% 3.29%
1 Month 1.97% 2.20% 1.99%
3 Months 3.22% 2.67% 3.29%
Since Inception 25.16% 25.56% 25.59%

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 of the Fund, when observed, is unusual and investors should not expect such performance to be repeated.

Fund Characteristics As of 04/15/21

Return on Equity 9.20%
Weighted Avg. Market Cap 66,823 M
2020 2021
Price-to-earnings 24.19 18.38
Price-to-book value 1.72 1.65

Source: AltaVista Research, LLC

Sector Breakdown As of 03/31/21

% of Net Assets
Financials 17.9
Industrials 15.2
Health Care 12.6
Consumer Discretionary 11.9
Consumer Staples 11.3
Information Technology 8.4
Materials 6.8
Communication Services 6.8
Energy 3.6
Utilities 3.3
Real Estate 2.2

Source: AltaVista Research, LLC

Country Breakdown As of 03/31/21

% of Net Assets
Japan 32.1
Britain 11.2
Australia 9.2
France 8.9
Germany 7.2
Netherlands 5.1
Sweden 4.1
Hong Kong 3.7
Switzerland 3.3
Spain 2.3
Italy 2.1
Other/Cash 10.8

Source: AltaVista Research, LLC

Top Holdings As of 04/16/21

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
2.18 CSL AU CSL LTD 6185495 208.17 339 70,568.50
1.95 ASML NA ASML HOLDING NV B929F46 642.58 98 62,972.83
1.45 MC FP LVMH MOET HENNE 4061412 754.71 62 46,791.89
1.43 7203 JP TOYOTA MOTOR CORP 6900643 78.39 590 46,250.06
1.28 PHIA NA KONINKLIJKE PHILIPS NV 5986622 60.54 681 41,230.70
1.25 4502 JP TAKEDA PHARMACEU 6870445 34.04 1,190 40,506.92
1.22 DGE LN DIAGEO PLC 0237400 44.64 883 39,415.83
1.16 9984 JP SOFTBANK GROUP CORP 6770620 92.63 406 37,609.52
1.14 OR FP L'OREAL 4057808 403.17 91 36,688.45
1.11 SAP GR SAP SE 4846288 139.23 257 35,780.99
1.09 7741 JP HOYA CORP 6441506 125.90 280 35,252.49
1.07 1299 HK AIA GROUP LTD B4TX8S1 12.73 2,720 34,639.09
1.02 6758 JP SONY GROUP CORP 6821506 111.01 297 32,971.19
0.86 ALC SW ALCON INC BJT1GR5 73.98 375 27,740.90
0.83 HSBA LN HSBC HOLDINGS PLC 0540528 5.91 4,556 26,913.89
0.82 CBA AU COMMONW BK AUSTR 6215035 68.07 391 26,616.81
0.78 FP FP TOTAL SE B15C557 45.46 552 25,095.12
0.77 2413 JP M3 INC B02K2M3 77.20 324 25,011.26
0.76 BHP AU BHP GROUP LTD 6144690 36.80 666 24,510.56
0.75 ALV GR ALLIANZ SE-REG 5231485 262.05 92 24,108.73
0.71 SU FP SCHNEIDER ELECTRIC SE 4834108 164.72 139 22,895.80
0.67 ABI BB ANHEUSER-BUSCH I BYYHL23 68.01 319 21,694.42
0.65 RIO LN RIO TINTO PLC 0718875 83.67 250 20,916.54
0.64 6098 JP RECRUIT HOLDINGS CO LTD BQRRZ00 47.00 440 20,678.77
0.63 4543 JP TERUMO CORP 6885074 37.37 544 20,327.20
0.62 6861 JP KEYENCE CORP 6490995 476.04 42 19,993.57
0.57 IBE SM IBERDROLA SA B288C92 13.88 1,328 18,430.30
0.57 BN FP DANONE B1Y9TB3 71.36 257 18,339.99
0.57 BP/ LN BP PLC 0798059 4.19 4,375 18,317.09
0.56 AI FP AIR LIQUIDE SA B1YXBJ7 169.15 107 18,099.09
0.56 BAS GR BASF SE 5086577 86.79 208 18,052.61
0.56 6594 JP NIDEC CORP 6640682 128.25 140 17,954.33
0.54 ENEL IM ENEL SPA 7144569 10.37 1,681 17,437.08
0.54 RDSA LN ROYAL DUTCH SH-A B03MLX2 19.52 892 17,416.18
0.54 DAI GR DAIMLER AG 5529027 92.71 187 17,336.64
0.54 7974 JP NINTENDO CO LTD 6639550 597.80 29 17,336.30
0.52 ADYEN NA ADYEN NV BZ1HM42 2,417.46 7 16,922.23
0.52 4578 JP OTSUKA HOLDINGS CO LTD B5LTM93 39.74 420 16,689.61
0.51 ABBN SW ABB LTD-REG 7108899 33.40 494 16,498.02
0.51 4063 JP SHIN-ETSU CHEMICAL CO LTD 6804585 174.56 94 16,408.86
0.50 8035 JP TOKYO ELECTRON LTD 6895675 451.41 36 16,250.70
0.50 BNP FP BNP PARIBAS 7309681 63.37 255 16,159.73
0.49 388 HK HKEX 6267359 60.10 264 15,867.28
0.49 WBC AU WESTPAC BANKING CORP 6076146 19.59 800 15,671.10
0.48 WOW AU WOOLWORTHS GROUP LTD 6981239 32.52 472 15,351.49
0.48 RI FP PERNOD RICARD SA 4682329 204.67 75 15,350.22
0.47 DTE GR DEUTSCHE TELEKOM AG-REG 5842359 19.32 788 15,220.80
0.47 8306 JP MITSUBISHI UFJ F 6335171 5.42 2,800 15,189.45
0.47 NAB AU NATL AUST BANK 6624608 20.67 729 15,069.88
0.46 RDSB LN ROYAL DUTCH SH-B B03MM40 18.66 804 15,002.43
0.46 BHP LN BHP GROUP PLC BH0P3Z9 30.95 478 14,794.03
0.46 DPW GR DEUTSCHE POST AG-REG 4617859 58.20 254 14,783.40
0.45 6367 JP DAIKIN INDUSTRIES LTD 6250724 208.29 70 14,580.25
0.45 CASH 1.01 14,397 14,481.58
0.45 COLOB DC COLOPLAST-B B8FMRX8 160.13 90 14,411.95
0.43 ANZ AU AUST AND NZ BANKING GROUP 6065586 22.30 629 14,024.60
0.43 ADS GR ADIDAS AG 4031976 332.91 42 13,982.22
0.43 3382 JP SEVEN & I HOLDINGS CO LTD B0FS5D6 41.79 334 13,956.70
0.43 REL LN RELX PLC B2B0DG9 26.75 515 13,775.52
0.42 ZURN SW ZURICH INSURANCE GROUP AG 5983816 415.26 33 13,703.47
0.42 UBSG SW UBS GROUP AG-REG BRJL176 16.12 848 13,671.17
0.42 AAL LN ANGLO AMERICAN PLC B1XZS82 44.22 308 13,618.84
0.42 SAN SM BANCO SANTANDER SA 5705946 3.44 3,944 13,578.82
0.42 6869 JP SYSMEX CORP 6883807 103.57 130 13,464.14
0.42 SN/ LN SMITH & NEPHEW PLC 0922320 19.97 672 13,419.75
0.41 DG FP VINCI SA B1XH026 108.59 122 13,248.48
0.40 CS FP AXA SA 7088429 28.40 460 13,062.80
0.40 KER FP KERING 5505072 760.70 17 12,931.86
0.40 PRU LN PRUDENTIAL PLC 0709954 21.46 601 12,894.77
0.39 IFX GR INFINEON TECHNOLOGIES AG 5889505 42.52 296 12,584.50
0.39 9433 JP KDDI CORP 6248990 31.65 396 12,533.42
0.38 VOD LN VODAFONE GROUP PLC BH4HKS3 1.87 6,557 12,249.69
0.38 7267 JP HONDA MOTOR CO LTD 6435145 30.57 400 12,226.26
0.38 CFR SW CIE FINANCI-REG BCRWZ18 104.68 116 12,143.42
0.37 6981 JP MURATA MFG CO 6610403 82.64 146 12,066.15
0.37 4452 JP KAO CORP 6483809 66.53 180 11,976.29
0.37 SHL GR SIEMENS HEALTHINEERS AG BD594Y4 56.03 211 11,821.92
0.36 FME GR FRESENIUS MEDICA 5129074 75.93 154 11,692.61
0.36 9983 JP FAST RETAILING CO LTD 6332439 829.21 14 11,608.88
0.36 6954 JP FANUC CORP 6356934 250.47 46 11,521.67
0.35 DSV DC DSV PANALPINA A/S B1WT5G2 211.04 54 11,396.17
0.35 8001 JP ITOCHU CORP 6467803 32.01 350 11,202.96
0.35 ATCOA SS ATLAS COPCO AB-A SHS BD97BN2 66.10 169 11,170.91
0.34 4507 JP SHIONOGI & CO LTD 6804682 52.64 210 11,054.36
0.34 AD NA KONINKLIJKE AHOL BD0Q398 27.06 408 11,041.16
0.34 EL FP ESSILORLUXOTTICA 7212477 166.61 66 10,996.31
0.34 WES AU WESFARMERS LTD 6948836 43.05 254 10,933.69
0.34 4911 JP SHISEIDO CO LTD 6805265 73.57 148 10,889.01
0.34 8316 JP SMFG 6563024 35.70 304 10,853.65
0.34 ISP IM INTESA SANPAOLO 4076836 2.75 3,945 10,848.32
0.34 PRX NA PROSUS NV BJDS7L3 115.23 94 10,831.69
0.33 NG/ LN NATIONAL GRID PLC BDR05C0 12.47 866 10,798.82
0.33 VWS DC VESTAS WIND SYSTEMS A/S 5964651 199.76 53 10,587.45
0.33 INGA NA ING GROEP NV BZ57390 12.65 834 10,546.39
0.33 FPH NZ FISHER & PAYKEL 6340250 23.91 441 10,546.10
0.32 8058 JP MITSUBISHI CORP 6596785 28.19 370 10,428.62
0.32 GLEN LN GLENCORE PLC B4T3BW6 4.17 2,472 10,317.22
0.31 SHL AU SONIC HEALTHCARE LTD 6821120 27.63 366 10,111.53
0.31 VOLVB SS VOLVO AB-B SHS B1QH830 25.65 392 10,053.37
0.31 8267 JP AEON CO LTD 6480048 29.22 340 9,936.13
0.30 RMS FP HERMES INTERNATIONAL 5253973 1,229.70 8 9,837.56
0.30 6273 JP SMC CORP 6763965 605.16 16 9,682.49
0.30 HEIA NA HEINEKEN NV 7792559 110.62 87 9,623.82
0.30 MUV2 GR MUENCHENER RUE-R 5294121 310.15 31 9,614.62
0.30 UCB BB UCB SA 5596991 98.52 97 9,556.38
0.29 BARC LN BARCLAYS PLC 3134865 2.61 3,604 9,422.53
0.29 LLOY LN LLOYDS BANKING GROUP PLC 0870612 0.60 15,676 9,415.26
0.28 TSCO LN TESCO PLC BLGZ986 3.20 2,866 9,183.13
0.28 241 HK ALIBABA HEALTH BRXVS60 2.86 3,190 9,134.87
0.28 KNEBV FH KONE OYJ-B B09M9D2 86.11 106 9,127.51
0.28 EXPN LN EXPERIAN PLC B19NLV4 37.54 243 9,121.02
0.28 MQG AU MACQUARIE GROUP LTD B28YTC2 120.88 75 9,066.24
0.28 ITX SM INDITEX BP9DL90 34.05 263 8,954.02
0.27 COH AU COCHLEAR LTD 6211798 173.06 51 8,825.97
0.27 STLA IM STELLANTIS NV BMD8KX7 17.90 490 8,770.88
0.27 INVEB SS INVESTOR AB-B SHS 5679591 86.61 101 8,747.13
0.27 9432 JP NIPPON TELEGRAPH 6641373 26.34 332 8,744.31
0.27 CPG LN COMPASS GROUP PLC BD6K457 21.95 398 8,737.31
0.27 DBS SP DBS GROUP HOLDINGS LTD 6175203 21.74 400 8,696.96
0.27 6503 JP MITSUBISHI ELECTRIC CORP 6597045 15.43 562 8,674.16
0.27 CRH ID CRH PLC 4182249 48.47 178 8,627.49
0.26 VNA GR VONOVIA SE BBJPFY1 68.27 125 8,533.89
0.26 8031 JP MITSUI & CO LTD 6597302 21.21 400 8,484.12
0.26 GIVN SW GIVAUDAN-REG 5980613 4,193.92 2 8,387.83
0.26 ERICB SS ERICSSON LM-B SHS 5959378 14.09 594 8,369.16
0.26 2502 JP ASAHI GROUP HOLDINGS LTD 6054409 43.81 190 8,323.58
0.25 NDA SS NORDEA BANK ABP BYZF9J9 10.41 790 8,225.90
0.25 SPOT SPOTIFY TECHNOLOGY SA BFZ1K46 292.02 28 8,176.56
0.25 OCBC SP OCBC BANK B0F9V20 8.96 900 8,063.43
0.25 ASSAB SS ASSA ABLOY AB-B BYPC1T4 30.29 266 8,057.12
0.25 8411 JP MIZUHO FINANCIAL 6591014 14.30 560 8,010.29
0.25 669 HK TECHTRONIC IND B0190C7 17.71 450 7,969.16
0.25 HEN3 GR Henkel AG & Co KGaA 5076705 116.28 68 7,907.37
0.24 8766 JP TOKIO MARINE HOLDINGS INC 6513126 50.15 156 7,823.30
0.24 FLTR ID FLUTTER ENTER-DI BWT6H89 215.93 36 7,773.49
0.24 RIO AU RIO TINTO LTD 6220103 91.97 84 7,725.63
0.24 BBVA SM BBVA 5501906 5.23 1,474 7,703.20
0.24 AHT LN ASHTEAD GROUP PLC 0053673 64.61 119 7,688.40
0.24 ESSITYB SS ESSITY AKTIEBOLAG-B BF1K7P7 33.20 231 7,670.13
0.24 6902 JP DENSO CORP 6640381 66.04 116 7,660.49
0.24 BMW GR BMW AG 5756029 105.87 72 7,622.98
0.24 SAND SS SANDVIK AB B1VQ252 28.83 264 7,611.88
0.23 IMB LN IMPERIAL BRANDS PLC 0454492 21.86 346 7,564.67
0.23 TEAM ATLASSIAN CORP-A BZ09BD1 234.76 32 7,512.32
0.23 LSEG LN LONDON STOCK EX B0SWJX3 106.41 70 7,448.97
0.23 6301 JP KOMATSU LTD 6496584 30.98 240 7,435.00
0.23 DB1 GR DEUTSCHE BOERSE AG 7021963 176.82 42 7,426.33
0.23 DSY FP DASSAULT SYSTEMES SE 5330047 229.35 32 7,339.12
0.23 KYG ID KERRY GROUP PLC-A 4519579 131.00 56 7,335.76
0.23 9022 JP CENTRAL JAPAN RAILWAY CO 6183552 146.35 50 7,317.47
0.23 CLNX SM CELLNEX TELECOM SA BX90C05 54.32 134 7,278.21
0.23 VIV FP VIVENDI 4834777 34.15 213 7,274.70
0.22 6752 JP PANASONIC CORP 6572707 12.92 560 7,235.77
0.22 FERG LN FERGUSON PLC BJVNSS4 129.13 56 7,231.50
0.22 4661 JP ORIENTAL LAND CO LTD 6648891 143.41 50 7,170.43
0.22 AMS SM AMADEUS IT GROUP SA B3MSM28 69.96 102 7,135.94
0.22 6326 JP KUBOTA CORP 6497509 23.68 300 7,104.72
0.22 TCL AU TRANSURBAN GROUP 6200882 10.74 652 7,001.37
0.22 ENI IM ENI SPA 7145056 12.40 562 6,968.11
0.21 CARLB DC CARLSBERG AS-B 4169219 170.28 40 6,811.28
0.21 ORSTED DC ORSTED A/S BYT16L4 159.10 42 6,682.27
0.21 6702 JP FUJITSU LTD 6356945 151.08 44 6,647.61
0.20 HEXAB SS HEXAGON AB-B SHS B1XFTL2 102.94 64 6,588.21
0.20 8113 JP UNICHARM CORP 6911485 40.57 160 6,491.75
0.20 EVO SS EVOLUTION GAMING GROUP BJXSCH4 166.16 39 6,480.43
0.20 UOB SP UNITED OVERSEAS BANK LTD 6916781 19.60 321 6,291.00
0.19 9020 JP EAST JAPAN RAILWAY CO 6298542 69.57 90 6,261.09
0.19 ORA FP ORANGE 5176177 12.40 504 6,248.98
0.19 7751 JP CANON INC 6172323 23.79 260 6,186.10
0.19 FMG AU FORTESCUE METALS 6086253 16.11 382 6,153.04
0.19 2503 JP KIRIN HOLDINGS CO LTD 6493745 19.11 320 6,115.33
0.19 ENGI FP ENGIE B0C2CQ3 14.86 410 6,091.36
0.19 4151 JP KYOWA KIRIN CO LTD 6499550 30.33 200 6,065.34
0.18 1 HK CK HUTCHISON HOLDINGS LTD BW9P816 8.20 720 5,907.37
0.18 RACE IM FERRARI NV BD6G507 210.88 28 5,904.60
0.18 COL AU COLES GROUP LTD BYWR0T5 12.04 484 5,826.41
0.18 APT AU AFTERPAY LTD BF5L8B9 98.56 59 5,814.78
0.18 STM IM STMICROELECTRONICS NV 5962343 39.14 148 5,792.28
0.18 NESTE FH NESTE OYJ B06YV46 59.50 96 5,712.20
0.18 KBC BB KBC GROUP NV 4497749 75.11 76 5,708.47
0.18 EOAN GR E.ON SE 4942904 11.79 484 5,705.88
0.18 TEF SM TELEFONICA SA 5732524 4.49 1,256 5,645.35
0.17 5108 JP BRIDGESTONE CORP 6132101 40.76 138 5,624.50
0.17 8750 JP DAI-ICHI LIFE HO B601QS4 18.67 300 5,602.17
0.17 G IM ASSICURAZIONI GENERALI 4056719 20.51 272 5,578.42
0.17 4612 JP NIPPON PAINT HOL 6640507 15.02 370 5,556.04
0.17 GMG AU GOODMAN GROUP B03FYZ4 14.65 370 5,421.60
0.17 NOKIA FH NOKIA OYJ 5902941 4.21 1,280 5,387.51
0.17 SAMPO FH SAMPO OYJ-A SHS 5226038 48.74 110 5,361.90
0.17 ATCOB SS ATLAS COPCO AB-B SHS BD97BS7 56.96 94 5,353.77
0.16 6971 JP KYOCERA CORP 6499260 65.81 80 5,264.72
0.16 9434 JP SOFTBANK CORP BF5M0K5 13.14 400 5,254.79
0.16 SWMA SS SWEDISH MATCH AB 5048566 84.91 61 5,179.59
0.16 1925 JP DAIWA HOUSE INDU 6251363 31.54 160 5,046.36
0.16 8802 JP MITSUBISHI ESTATE CO LTD 6596729 17.52 288 5,044.60
0.16 LGEN LN LEGAL & GENERAL GROUP PLC 0560399 3.86 1,306 5,035.64
0.16 8591 JP ORIX CORP 6661144 16.73 300 5,019.07
0.15 7309 JP SHIMANO INC 6804820 248.36 20 4,967.15
0.15 AV/ LN AVIVA PLC 0216238 5.69 870 4,946.42
0.15 MAERSKB DC AP MOLLER-MAERSK A/S-B 4253048 2,464.82 2 4,929.64
0.15 MT NA ARCELORMITTAL BYPBS67 30.22 162 4,895.36
0.15 823 HK LINK REIT B0PB4M7 9.68 500 4,839.16
0.15 EQNR NO EQUINOR ASA 7133608 19.76 244 4,822.26
0.15 SSE LN SSE PLC 0790873 20.60 232 4,778.89
0.15 16 HK SUN HUNG KAI PROPERTIES 6859927 15.35 310 4,759.75
0.15 UCG IM UNICREDIT SPA BYMXPS7 10.06 468 4,708.82
0.14 27 HK GALAXY ENTERTAIN 6465874 8.88 520 4,617.79
0.14 8801 JP MITSUI FUDOSAN CO LTD 6597603 23.08 200 4,615.17
0.14 JM SP JARDINE MATHESON 6472119 65.00 71 4,615.00
0.14 MOWI NO MOWI ASA B02L486 24.36 188 4,578.74
0.14 SEBA SS SEB AB-A 4813345 12.84 356 4,569.27
0.14 ABF LN ASSOC BRIT FOODS 0673123 33.55 135 4,529.91
0.14 7269 JP SUZUKI MOTOR CORP 6865504 43.32 104 4,505.41
0.14 2802 JP AJINOMOTO CO INC 6010906 20.30 220 4,465.10
0.14 6857 JP ADVANTEST CORP 6870490 96.77 46 4,451.41
0.14 CCEP COCA-COLA EUROPE BYQQ3P5 54.95 81 4,450.95
0.14 DNB NO DNB ASA 4263304 22.25 200 4,450.76
0.14 9735 JP SECOM CO LTD 6791591 84.70 52 4,404.58
0.14 REC IM RECORDATI SPA B07DRZ5 54.77 80 4,381.62
0.13 6502 JP TOSHIBA CORP 6897217 42.27 102 4,311.91
0.13 6762 JP TDK CORP 6869302 143.55 30 4,306.39
0.13 8053 JP SUMITOMO CORP 6858946 14.24 300 4,273.31
0.13 BT/A LN BT GROUP PLC 3091357 2.13 1,994 4,253.43
0.13 HEN GR HENKEL AG & CO KGAA 5002465 100.11 42 4,204.73
0.13 ACA FP CREDIT AGRICOLE SA 7262610 14.93 280 4,180.08
0.13 WIL SP WILMAR INTERNATIONAL LTD B17KC69 4.10 1,000 4,101.06
0.13 ALL AU ARISTOCRAT LEISURE LTD 6253983 28.72 142 4,077.95
0.13 BEI GR BEIERSDORF AG 5107401 109.64 37 4,056.54
0.13 4536 JP SANTEN PHARM 6776606 13.49 300 4,047.24
0.13 6201 JP TOYOTA INDUSTRIES CORP 6900546 87.67 46 4,032.90
0.12 STAN LN STANDARD CHARTERED PLC 0408284 6.83 586 4,000.66
0.12 WPL AU WOODSIDE PETROLEUM LTD 6979728 18.62 212 3,947.82
0.12 2 HK CLP HOLDINGS LTD 6097017 9.81 400 3,925.38
0.12 NCM AU NEWCREST MINING LTD 6637101 21.45 182 3,903.11
0.12 7832 JP BANDAI NAMCO HOLDINGS INC B0JDQD4 77.46 50 3,873.09
0.12 SWEDA SS SWEDBANK AB - A SHARES 4846523 18.80 206 3,872.68
0.12 SHBA SS SVENSKA HAN-A BXDZ9Q1 11.50 336 3,862.40
0.12 2269 JP MEIJI HOLDINGS CO LTD B60DQV3 63.50 60 3,810.14
0.12 OCDO LN OCADO GROUP PLC B3MBS74 30.14 125 3,767.67
0.12 6645 JP OMRON CORP 6659428 81.70 46 3,758.12
0.12 8604 JP NOMURA HOLDINGS INC 6643108 5.35 700 3,743.97
0.12 CNHIM QX CNH INDUSTRIAL NV BDSV2V0 15.84 236 3,738.92
0.12 WPP LN WPP PLC B8KF9B4 13.52 276 3,730.40
0.12 1113 HK CK ASSET HOLDINGS LTD BYZQ077 6.20 600 3,722.03
0.11 EPIA SS EPIROC AB-A BDZV116 24.57 150 3,685.25
0.11 8830 JP SUMITOMO REALTY 6858902 34.51 106 3,657.86
0.11 NIBEB SS NIBE INDUSTRIER AB-B SHS BYYT1T6 36.37 100 3,636.69
0.11 5401 JP NIPPON STEEL CORP 6642569 18.01 200 3,601.53
0.11 6701 JP NEC CORP 6640400 59.64 60 3,578.55
0.11 5020 JP ENEOS Holdings, Inc. B627LW9 4.43 800 3,546.57
0.11 WIX WIX.COM LTD BFZCHN7 295.25 12 3,543.00
0.11 11 HK HANG SENG BANK LTD 6408374 19.55 180 3,518.94
0.11 3 HK HONG KONG & CHINA GAS 6436557 1.59 2,200 3,505.30
0.11 ENR GR SIEMENS ENERGY AG NPV BMTVQK9 35.34 99 3,498.61
0.11 3659 JP NEXON CO LTD B63QM77 33.31 104 3,464.60
0.11 3407 JP ASAHI KASEI CORP 6054603 11.51 300 3,454.49
0.11 1928 JP SEKISUI HOUSE LTD 6793906 21.51 160 3,442.17
0.11 ST SP SINGAPORE TELECO B02PY22 1.91 1,800 3,441.30
0.11 2267 JP YAKULT HONSHA CO LTD 6985112 50.54 68 3,437.03
0.11 6146 JP DISCO CORP 6270948 342.78 10 3,427.84
0.11 EDP PL EDP 4103596 6.04 566 3,420.03
0.11 9843 JP NITORI HOLDINGS CO LTD 6644800 189.27 18 3,406.79
0.10 8002 JP MARUBENI CORP 6569464 8.42 400 3,366.45
0.10 6920 JP LASERTEC CORP 6506267 167.62 20 3,352.48
0.10 ORK NO ORKLA ASA B1VQF42 9.80 340 3,330.95
0.10 NICE IT NICE LTD 6647133 236.44 14 3,310.09
0.10 3283 JP NIPPON PROLOGIS REIT INC B98BC67 3,225.66 1 3,225.66
0.10 6506 JP YASKAWA ELECTRIC CORP 6986041 50.36 64 3,223.09
0.10 SGRO LN SEGRO PLC B5ZN1N8 13.63 236 3,215.85
0.10 8725 JP MS&AD INSURANCE B2Q4CS1 29.77 108 3,214.74
0.10 KRXI S1 KINGSPAN GROUP PLC 4491235 89.27 36 3,213.76
0.10 9613 JP NTT DATA CORP 6125639 15.97 200 3,194.41
0.10 7201 JP NISSAN MOTOR CO LTD 6642860 5.29 600 3,176.58
0.10 6988 JP NITTO DENKO CORP 6641801 87.86 36 3,162.80
0.10 8630 JP SOMPO HOLDINGS INC B62G7K6 38.57 82 3,162.74
0.10 NZYMB DC NOVOZYMES A/S-B SHARES B798FW0 65.42 48 3,140.28
0.10 4689 JP Z HOLDINGS CORP 6084848 5.20 600 3,122.00
0.10 5802 JP SUMITOMO ELEC IN 6858708 15.54 200 3,108.03
0.10 6586 JP MAKITA CORP 6555805 46.87 66 3,093.32
0.10 7532 JP PAN PACIFIC INTE 6269861 23.06 134 3,089.70
0.10 CHKP CHECK POINT SOFTWARE TECH 2181334 118.83 26 3,089.58
0.10 6383 JP DAIFUKU CO LTD 6250025 102.56 30 3,076.78
0.10 KINVB SS KINNEVIK AB - B BN2C4W4 56.94 54 3,074.61
0.10 GLPG NA GALAPAGOS NV B07Q2V5 78.75 39 3,071.37
0.09 8697 JP JAPAN EXCHANGE GROUP INC 6743882 25.65 118 3,027.13
0.09 AENA SM AENA SME SA BVRZ8L1 166.10 18 2,989.72
0.09 GBLB BB GROUPE BRUX LAMB 7097328 109.95 27 2,968.59
0.09 BXB AU BRAMBLES LTD B1FJ0C0 8.19 362 2,965.86
0.09 JHX AU JAMES HARDIE-CDI B60QWJ2 33.12 89 2,947.69
0.09 4684 JP OBIC CO LTD 6136749 183.71 16 2,939.30
0.09 RYM NZ RYMAN HEALTHCARE LTD 6161525 10.33 276 2,850.93
0.09 8309 JP SM TRUST HD 6431897 34.70 82 2,845.49
0.09 7270 JP SUBARU CORP 6356406 19.80 142 2,812.20
0.09 2388 HK BOC HONG KONG HO 6536112 3.51 800 2,810.83
0.09 1928 HK SANDS CHINA LTD B5B23W2 4.67 600 2,803.11
0.09 NWG LN NATWEST GROUP PLC B7T7721 2.76 1,016 2,801.90
0.09 STERV FH STORA ENSO OYJ-R SHS 5072673 20.09 138 2,772.37
0.09 4307 JP NOMURA RESEARCH 6390921 31.15 88 2,741.53
0.08 XRO AU XERO LTD B8P4LP4 113.84 24 2,732.05
0.08 SKFB SS SKF AB-B SHARES B1Q3J35 30.35 90 2,731.42
0.08 TEL NO TELENOR ASA 4732495 18.37 148 2,719.31
0.08 5713 JP SUMITOMO MET MIN 6858849 43.62 62 2,704.72
0.08 6479 JP MINEBEA MITSUMI INC 6642406 26.50 102 2,703.38
0.08 SRG IM SNAM SPA 7251470 5.61 480 2,692.80
0.08 9143 JP SG HOLDINGS CO LTD BFFY885 22.99 116 2,667.21
0.08 9064 JP YAMATO HOLDINGS CO LTD 6985565 27.13 98 2,658.60
0.08 2897 JP NISSIN FOODS HOL 6641760 73.34 36 2,640.08
0.08 FORTUM FH FORTUM OYJ 5579550 27.03 96 2,594.47
0.08 3402 JP TORAY INDUSTRIES INC 6897143 6.40 400 2,558.47
0.08 SCG AU SCENTRE GROUP BLZH0Z7 2.23 1,148 2,557.88
0.08 TLS AU TELSTRA CORP LTD 6087289 2.65 946 2,510.33
0.08 SCAB SS SVENSKA CELL-B B1VVGZ5 18.43 136 2,505.97
0.08 BOL SS BOLIDEN AB BJV12J7 40.34 62 2,500.78
0.08 4755 JP RAKUTEN GROUP INC 6229597 12.49 200 2,497.82
0.08 RYA ID RYANAIR HOLDINGS PLC BYTBXV3 19.17 130 2,491.73
0.08 TELIA SS TELIA CO AB 5978384 4.32 576 2,490.48
0.08 7011 JP MITSUBISHI HEAVY 6597067 30.94 80 2,475.39
0.08 8015 JP TOYOTA TSUSHO CORP 6900580 44.11 56 2,470.25
0.08 9021 JP WEST JAPAN RAILWAY CO 6957995 53.62 46 2,466.66
0.08 5201 JP AGC INC 6055208 45.67 54 2,466.39
0.08 QBE AU QBE INSURANCE GROUP LTD 6715740 7.56 324 2,448.98
0.08 AGS BB AGEAS B86S2N0 61.22 40 2,448.61
0.08 S32 AU SOUTH32 LTD BWSW5D9 2.23 1,096 2,442.02
0.07 ALFA SS ALFA LAVAL AB 7332687 33.36 72 2,401.78
0.07 7701 JP SHIMADZU CORP 6804369 38.18 62 2,367.41
0.07 SKAB SS SKANSKA AB-B SHS 7142091 27.49 86 2,364.51
0.07 6723 JP RENESAS ELECTRONICS CORP 6635677 11.76 200 2,352.62
0.07 ASX AU ASX LTD 6129222 55.78 42 2,342.77
0.07 EBS AV ERSTE GROUP BANK AG 5289837 35.22 66 2,324.50
0.07 6963 JP ROHM CO LTD 6747204 104.77 22 2,304.83
0.07 MAERSKA DC AP MOLLER-MAERSK A/S-A 4253059 2,284.39 1 2,284.39
0.07 TRN IM TERNA SPA B01BN57 7.36 310 2,281.66
0.07 66 HK MTR CORP 6290054 5.68 400 2,272.86
0.07 GLOB GLOBANT SA BP40HF4 226.33 10 2,263.30
0.07 LUMI IT BANK LEUMI LE-ISRAEL 6076425 6.97 324 2,259.02
0.07 SUN AU SUNCORP GROUP LTD 6585084 8.08 278 2,247.54
0.07 9005 JP TOKYU CORP 6896548 13.05 170 2,218.44
0.07 5332 JP TOTO LTD 6897466 58.36 38 2,217.53
0.07 ATL IM ATLANTIA SPA 7667163 19.64 112 2,199.72
0.07 7951 JP YAMAHA CORP 6642387 57.80 38 2,196.57
0.07 1876 HK BUDWEISER BREWIN BKDXJH5 3.13 700 2,193.71
0.07 9502 JP CHUBU ELEC POWER 6195609 12.14 180 2,185.18
0.07 STO AU SANTOS LTD 6776703 5.53 392 2,168.39
0.07 9007 JP ODAKYU ELEC RAIL 6656106 27.06 80 2,165.14
0.07 UMI BB UMICORE BF44466 56.87 38 2,160.93
0.07 3064 JP MONOTARO CO LTD B1GHR88 26.91 80 2,152.64
0.07 8601 JP DAIWA SECS GRP 6251448 5.36 400 2,145.66
0.07 EPIB SS EPIROC AB-B BDZV127 22.51 94 2,116.23
0.07 YAR NO YARA INTERNATIONAL ASA 7751259 52.78 40 2,111.25
0.07 1801 JP TAISEI CORP 6870100 38.74 54 2,091.72
0.07 NHY NO NORSK HYDRO ASA B11HK39 6.77 308 2,086.40
0.06 4922 JP KOSE CORP 6194468 148.88 14 2,084.27
0.06 8308 JP RESONA HOLDINGS INC 6421553 4.15 500 2,074.16
0.06 INVEA SS INVESTOR AB-A SHS 5679579 86.26 24 2,070.28
0.06 SOLB BB SOLVAY SA 4821100 126.32 16 2,021.18
0.06 9962 JP MISUMI GROUP INC 6595179 29.50 68 2,005.97
0.06 POLI IT BANK HAPOALIM BM 6075808 8.05 248 1,996.89
0.06 4204 JP SEKISUI CHEMICAL CO LTD 6793821 19.57 102 1,995.66
0.06 9503 JP KANSAI ELEC PWR 6483489 9.92 200 1,984.10
0.06 9008 JP KEIO CORP 6487362 65.52 30 1,965.72
0.06 ATM NZ A2 MILK CO LTD 6287250 6.30 310 1,954.03
0.06 EXO IM VSHO NV BYSLCX9 88.05 22 1,937.08
0.06 IAG AU INSURANCE AUSTRALIA GROUP 6271026 3.76 512 1,925.09
0.06 1802 JP OBAYASHI CORP 6656407 9.59 200 1,918.85
0.06 2587 JP SUNTORY FOOD BEV BBD7Q84 35.47 54 1,915.54
0.06 DXS AU DEXUS B033YN6 7.86 242 1,902.19
0.06 9042 JP HANKYU HANSHIN H 6408664 31.29 60 1,877.50
0.06 ELE SM ENDESA SA 5271782 26.64 70 1,864.97
0.06 NTGY SM NATURGY ENERGY GROUP SA 5650422 25.06 74 1,854.52
0.06 ICA SS ICA GRUPPEN AB B0S1651 48.37 38 1,837.94
0.06 7276 JP KOITO MFG CO 6496324 65.62 28 1,837.25
0.06 9531 JP TOKYO GAS CO LTD 6895448 21.35 86 1,836.34
0.06 12 HK HENDERSON LAND D 6420538 4.52 400 1,809.54
0.06 4324 JP DENTSU GROUP INC 6416281 31.52 56 1,765.20
0.05 JMT PL JERONIMO MARTINS B1Y1SQ7 17.15 102 1,749.77
0.05 9532 JP OSAKA GAS CO LTD 6661768 18.85 92 1,734.06
0.05 2127 JP NIHON M&A CENTER INC B1DN466 28.63 60 1,717.59
0.05 9041 JP KINTETSU GROUP H 6492968 37.17 46 1,709.97
0.05 CAPL SP CAPITALAND LTD 6309303 2.82 600 1,691.41
0.05 1803 JP SHIMIZU CORP 6804400 8.36 200 1,672.56
0.05 APA AU APA GROUP 6247306 7.73 215 1,661.69
0.05 OMV AV OMV AG 4651459 51.31 32 1,641.86
0.05 KEP SP KEPPEL CORP LTD B1VQ5C0 4.07 400 1,628.43
0.05 SIA SP SINGAPORE AIRLINES LTD 6811734 4.05 400 1,619.43
0.05 TEL2B SS TELE2 AB-B SHS B97C733 14.09 114 1,606.34
0.05 3462 JP NOMURA REAL ESTA BYSJJF4 1,559.53 1 1,559.53
0.05 SGX SP SINGAPORE EXCHANGE LTD 6303866 7.76 200 1,551.96
0.05 4613 JP KANSAI PAINT CO LTD 6483746 26.65 58 1,545.74
0.05 CPR IM DAVIDE CAMPARI-MILANO NV BMQ5W17 11.90 127 1,510.90
0.05 7912 JP DAI NIPPON PRINT 6250906 20.98 72 1,510.60
0.05 AIA NZ AUCKLAND INTL AIRPORT LTD BKX3XG2 5.27 284 1,496.18
0.05 SALM NO SALMAR ASA B1W5NW2 67.72 22 1,489.76
0.05 7259 JP AISIN CORP 6010702 37.22 40 1,488.77
0.05 SOF BB SOFINA 4820301 368.97 4 1,475.87
0.05 KRNT KORNIT DIGITAL LTD BWFRFD7 104.79 14 1,467.06
0.05 EDF FP EDF B0NJJ17 14.35 102 1,463.85
0.05 INDUA SS INDUSTRIVARDEN AB-A SHS B1VSK10 40.66 36 1,463.58
0.05 AREIT SP ASCENDAS REAL ES 6563875 2.33 622 1,450.31
0.04 1812 JP KAJIMA CORP 6481320 14.28 100 1,428.11
0.04 1605 JP INPEX CORP B10RB15 7.13 200 1,426.27
0.04 3092 JP ZOZO INC B292RC1 31.71 44 1,395.03
0.04 INDUC SS INDUSTRIVARDEN AB-C SHS B1VSK54 38.71 36 1,393.64
0.04 9602 JP TOHO CO LTD 6895200 43.51 32 1,392.46
0.04 4704 JP TREND MICRO INC 6125286 49.35 28 1,381.79
0.04 EDPR PL EDP RENOVAVEIS SA B39GNW2 23.95 57 1,364.98
0.04 LUNE SS LUNDIN ENERGY AB 7187627 32.29 42 1,356.26
0.04 5019 JP IDEMITSU KOSAN CO LTD B1FF8P7 24.73 54 1,335.42
0.04 3769 JP GMO PAYMENT GATEWAY INC B06CMQ9 133.53 10 1,335.29
0.04 9001 JP TOBU RAILWAY CO LTD 6895169 26.71 50 1,335.29
0.04 PST IM POSTE ITALIANE SPA BYYN701 12.91 102 1,316.61
0.04 SPK NZ SPARK NEW ZEALAND LTD 6881436 3.14 418 1,312.92
0.04 ORG AU ORIGIN ENERGY LTD 6214861 3.31 390 1,291.38
0.04 VER AV VERBUND AG 4661607 79.06 16 1,265.03
0.04 AMS SW AMS AG BPF0548 20.37 62 1,262.67
0.04 SYD AU SYDNEY AIRPORT B70DWB2 4.73 264 1,247.93
0.04 8795 JP T&D HOLDINGS INC 6744294 12.46 100 1,246.15
0.04 3003 JP HULIC CO LTD 6805317 12.07 100 1,206.64
0.04 MEL NZ MERIDIAN ENERGY LTD BWFD052 4.32 278 1,200.63
0.04 STE SP SINGAP TECH ENG 6043214 2.98 400 1,193.58
0.04 CYBR CYBERARK SOFTWAR BQT3XY6 146.45 8 1,171.60
0.04 VOE AV VOESTALPINE AG 4943402 44.73 26 1,163.02
0.03 DSCT IT ISRAEL DISCOUNT BANK-A 6451271 4.30 258 1,110.31
0.03 REA AU REA GROUP LTD 6198578 123.10 9 1,107.86
0.03 7181 JP JAPAN POST INSUR BYT8154 19.55 56 1,094.63
0.03 FVRR FIVERR INTERNATIONAL LTD BKKDH30 216.17 5 1,080.85
0.03 SCHB NO SCHIBSTED ASA-B SHS BWVFKQ3 44.41 24 1,065.89
0.03 7202 JP ISUZU MOTORS LTD 6467104 10.60 100 1,059.60
0.03 LSG NO LEROY SEAFOOD GROUP ASA 4691916 8.78 118 1,035.73
0.03 ALE PW ALLEGRO.EU SA BMBQDF6 15.06 68 1,024.05
0.03 3141 JP WELCIA HOLDINGS CO LTD B3CF1G6 34.00 30 1,020.08
0.03 ICL IT ICL GROUP LTD 6455530 6.39 156 996.80
0.03 BMW3 GR Bayerische Motoren Werke 5756030 83.02 12 996.21
0.03 TOM NO TOMRA SYSTEMS ASA 4730875 49.73 20 994.50
0.03 GJF NO GJENSIDIGE FORSIKRING ASA B4PH0C5 23.50 42 986.81
0.03 AGL AU AGL ENERGY LTD BSS7GP5 7.11 138 981.16
0.03 4768 JP OTSUKA CORP 6267058 48.71 20 974.13
0.03 4091 JP NIPPON SANSO HOLDINGS 6640541 19.68 48 944.43
0.03 ADE NO ADEVINTA ASA BJ0DP40 18.04 52 938.05
0.03 8572 JP ACOM CO LTD 6049784 4.63 200 926.34
0.03 SCHA NO SCHIBSTED ASA-CL A 4790534 50.70 18 912.67
0.03 LATOB SS LATOUR INV-B BZ404X1 29.53 30 885.95
0.03 ANDR AV ANDRITZ AG B1WVF68 48.73 18 877.19
0.03 CEN NZ CONTACT ENERGY LTD 6152529 5.48 158 866.22
0.03 3038 JP KOBE BUSSAN CO LTD B14RJB7 28.35 30 850.53
0.03 BG AV BAWAG GROUP AG BZ1GZ06 52.64 16 842.21
0.03 9435 JP HIKARI TSUSHIN INC 6416322 206.77 4 827.09
0.03 7182 JP JAPAN POST BANK CO LTD BYT8165 9.16 90 824.61
0.03 LUNDB SS LUNDBERGS AB-B SHS 4538002 58.33 14 816.61
0.03 MZTF IT MIZRAHI TEFAHOT BANK LTD 6916703 27.10 30 813.07
0.03 GENS SP GENTING SINGAPORE LTD BDRTVP2 0.67 1,200 809.72
0.02 6753 JP SHARP CORP 6800602 17.12 46 787.56
0.02 4716 JP ORACLE CORP JAPAN 6141680 97.60 8 780.77
0.02 SESG FP SES B00ZQQ2 8.23 88 724.02
0.02 CDI FP CHRISTIAN DIOR SE 4061393 707.99 1 707.99
0.02 CAI AV CA IMMOBILIEN ANLAGEN AG 5681046 43.73 16 699.60
0.02 AKERBP NO AKER BP ASA B1L95G3 28.43 24 682.23
0.02 MCY NZ MERCURY NZ LTD B8W6K56 4.85 138 668.89
0.02 RBI AV RAIFFEISEN BANK B0704T9 21.68 30 650.49
0.02 9202 JP ANA HOLDINGS INC 6014908 22.60 28 632.87
0.02 CIT SP CITY DEVELOPMENTS LTD 6197928 6.03 100 602.79
0.02 9201 JP JAPAN AIRLINES CO LTD B8BRV46 21.01 26 546.21
0.02 AZRG IT AZRIELI GROUP LTD B5MN1W0 65.91 8 527.28
0.02 AKER NO AKER ASA-A SHARES B02R4D9 80.11 6 480.65
0.02 RRTL GZ RTL GROUP B1BK209 59.85 8 478.80
0.01 4739 JP ITOCHU TECHNO SO 6200194 34.10 10 340.95
0.01 TKA AV TELEKOM AUSTRIA AG 4635088 8.25 32 264.12
0.01 MMK AV MAYR-MELNHOF KARTON AG 4563640 215.63 1 215.63
0.01 NEL NO NEL ASA B02NR83 3.11 60 186.67
0.01 STRS IT STRAUSS GROUP LTD 6304115 27.95 6 167.72
0.00 BEZQ IT BEZEQ THE ISRAEL 6098032 1.05 125 131.53
0.00 PLUS LN PLUS500 LTD BBT3PS9 21.25 5 106.24
0.00 TPG AU TPG TELECOM LTD BMB2257 4.63 22 101.95
0.00 SHBB SS SVENSKA HAN-B BXDZ9V6 12.62 8 100.93
0.00 SEBC SS SEB AB-C 4812740 12.77 4 51.08
0.00 STR AV STRABAG SE-BR B28DT41 37.38 1 37.38
0.00 FIBI IT FIRST INTL BANK ISRAEL 6123815 29.89 1 29.89
0.00 ARD ARDAGH GROUP SA BYXR9D1 27.00 1 27.00
0.00 SPEN IT SHAPIR ENGINEERI BTF8CZ0 7.34 1 7.34
0.00 ENRG IT ENERGIX-RENEWAB B469X43 3.92 1 3.92
Holdings are subject to change.


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.

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.