EMBD


Emerging Markets Bond ETFActive

Reasons to Consider EMBD

Experienced Portfolio Managers

EMBD’s portfolio managers have extensive track records in actively-managed emerging market debt strategies.

Competitive Cost

At a 0.39% Total Expense Ratio, EMBD offers the outperformance potential and risk management of active portfolio managers, at a competitive cost.

High Yield Potential

By targeting emerging market debt securities, EMBD aims to offer high yields with low correlations to other fixed income securities.

Key Information As of 02/06/23

Inception Date 06/01/20
Total Expense Ratio 0.39%
Net Assets $101.40 million
NAV $22.04
Fact Sheet

ETF Summary

The Global X Emerging Markets Bond ETF (EMBD) is an actively managed fund sub-advised by Mirae Asset Global Investments (USA) LLC that seeks a high level of total return, consisting of both income and capital appreciation, by investing in emerging market debt. EMBD primarily invests in emerging market debt securities denominated in U.S. dollars, however, the Fund may also invest in those denominated in applicable local foreign currencies. Securities may include fixed-rate and floating-rate debt instruments issued by sovereign, quasi-sovereign, and corporate entities from emerging market countries.

EMBD’s portfolio managers incorporate both top-down macro views consistent with the firm’s Investment Committee and bottom-up fundamental research to evaluate the investment attractiveness of select countries and companies that are believed to offer superior risk-adjusted returns. The portfolio managers determine country allocation primarily based on economic indicators, industry structure, terms of trade, political environment and geopolitical issues.  In addition, the portfolio managers conduct relative valuation analysis on sovereign and corporate issues to tactically identify potential opportunities to enhance the Fund’s risk-adjusted returns. The portfolio managers may dynamically adjust the top-down and bottom-up strategies of the Fund to better reflect market developments.

ETF Objective

The Global X Emerging Markets Bond ETF (EMBD) seeks a high level of total return consisting of both income and capital appreciation.

Trading Details As of 02/06/23

Ticker EMBD
Bloomberg IOPV Ticker EMBDIV
CUSIP 37954Y350
ISIN US37954Y3505
Primary Exchange NYSE Arca
Shares Outstanding 4,600,000
Number of Holdings 199
30-Day Median Bid-Ask Spread 0.45%

Distributions As of 02/06/23

30-Day SEC Yield 5.80%
12-Month Trailing Yield 4.47%
Distribution Yield 5.03%
Distribution Frequency Monthly

ETF Prices As of 02/06/23

NAV $22.04 Daily Change -$0.22 -0.99%
Market Price $21.99 Daily Change -$0.39 -1.74%

Performance History

As of recent
(12/31/22)
As of recent
(12/31/22)
Fund NAV Market Price Benchmark
1 Year -13.05% -13.81% -18.37%
Since Inception -1.09% -1.13% -4.21%
1 Year -8.03% -7.32% -13.11%
Since Inception 0.13% 0.46% -2.91%
Year-to-Date -13.05% -13.81% -18.37%
1 Month 0.60% -1.11% 0.21%
3 Months 8.23% 9.31% 8.40%
Since Inception -2.80% -2.90% -10.52%
Year-to-Date 3.22% 4.25% 3.29%
1 Month 3.22% 4.25% 3.29%
3 Months 11.36% 13.09% 11.71%
Since Inception 0.34% 1.23% -7.57%

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 02/06/23

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
1.97 T 0 1/8 02/28/23 BLKH0W9 1.00 2,000,000 1,995,913.44
1.91 ARAMCO 1 1/4 11/24/23 BNM52D0 0.97 2,000,000 1,939,257.00
1.85 Cash and Equivalents 1.00 1,875,091 1,875,091.33
1.57 ESKOM 6.35 08/10/28 BF2F610 0.99 1,600,000 1,588,136.38
1.54 T 3 07/31/24 BQ7Y9Q5 0.98 1,600,000 1,561,123.27
1.53 BNCE 2.72 08/11/31 BMYXTZ6 0.86 1,800,000 1,547,824.00
1.41 ICLIT 6 3/8 05/31/38 BF3SP44 1.02 1,400,000 1,426,121.99
1.38 PERU 8 3/4 11/21/33 2172833 1.27 1,100,000 1,397,698.50
1.34 JPM 3.96 01/29/27 BHQTTL3 0.97 1,400,000 1,361,966.22
1.25 IVYCST 6 1/8 06/15/33 BYW5KQ6 0.91 1,400,000 1,267,202.73
1.18 BAC 4.948 07/22/28 BNDK8X6 1.00 1,200,000 1,198,417.49
1.09 DPWDU 4.7 09/30/49 BJLBK60 0.92 1,200,000 1,099,997.14
1.05 IDASAL 6.53 11/15/28 BFMVHJ3 1.06 1,000,000 1,064,324.10
0.97 PEMEX 10 02/07/33 BQXLQ25 0.98 1,000,000 983,476.24
0.96 T 0 1/4 09/30/23 BMCV822 0.97 1,000,000 971,720.04
0.95 ANGOL 8 3/4 04/14/32 BP2R4G7 0.96 1,000,000 963,425.00
0.95 QATAR 4.4 04/16/50 BL6KL96 0.96 1,000,000 958,413.07
0.94 PEMEX 5.95 01/28/31 BLNBRW7 0.80 1,200,000 956,114.24
0.94 PETMK 4.55 04/21/50 BMD2JQ5 0.95 1,000,000 954,730.00
0.92 SOAF 4.85 09/30/29 BKRQ5R2 0.93 1,000,000 927,551.10
0.89 JPM 1.578 04/22/27 BKVKLQ1 0.90 1,000,000 900,293.52
0.88 BRAZIL 3 7/8 06/12/30 BMBT2V4 0.89 1,000,000 890,666.11
0.87 ADGB 0 3/4 09/02/23 BMZMQT5 0.98 900,000 880,698.30
0.85 GCCAMM 3.614 04/20/32 BNZHZN4 0.86 1,000,000 863,978.02
0.82 OMAN 6 1/4 01/25/31 BMXYFP2 1.04 800,000 831,373.70
0.81 QATAR 4 1/2 04/23/28 BFYY529 1.03 800,000 824,089.32
0.80 QATAR 4 03/14/29 BJVGBQ2 1.01 800,000 808,818.48
0.80 QATAR 3 7/8 04/23/23 BFX2LZ9 1.01 800,000 806,602.60
0.79 JBYCMX 2 1/2 10/14/31 BNG6XN6 0.80 1,000,000 798,367.11
0.79 DOMREP 4 7/8 09/23/32 BJP84G5 0.89 900,000 798,355.38
0.79 ECOPET 5 7/8 05/28/45 BMQXLW5 0.72 1,100,000 796,939.09
0.77 OCPMR 5 1/8 06/23/51 BKMGKM7 0.78 1,000,000 784,367.45
0.77 AUTOPA 4.95 07/29/35 BYNF3M2 0.98 800,000 781,093.92
0.77 TGPERU 4 1/4 04/30/28 B7ZRB45 0.97 800,000 779,932.38
0.77 ADGB 3 1/8 10/11/27 BF0M765 0.97 800,000 779,294.56
0.77 SENEGL 6 3/4 03/13/48 BF2LTP3 0.78 1,000,000 776,946.69
0.77 ADGB 2 1/2 04/16/25 BLGVN48 0.97 800,000 775,870.68
0.76 HYUELE 2 3/8 01/19/31 BMV7YQ7 0.77 1,000,000 767,334.67
0.75 ARAMCO 3 1/2 04/16/29 BK0MP44 0.95 800,000 756,164.55
0.73 ROMANI 4 02/14/51 BMVZ933 0.74 1,000,000 744,347.87
0.71 ANGSJ 3 3/8 11/01/28 BMX71K8 0.90 800,000 723,439.45
0.71 SASOL 5 1/2 03/18/31 BNNLH09 0.90 800,000 716,688.02
0.71 SHJGOV 4 3/8 03/10/51 BMV3380 0.71 1,000,000 714,871.31
0.70 ARGENT 3 7/8 01/09/38 BNC1841 0.35 2,000,000 708,269.47
0.70 OMAN 5 5/8 01/17/28 BFWM9S9 1.01 700,000 706,522.96
0.70 MOROC 2 3/8 12/15/27 BMHCD58 0.88 800,000 705,830.88
0.69 DOMREP 4 1/2 01/30/30 BJV2X64 0.88 800,000 703,864.38
0.69 DOMREP 5.95 01/25/27 BYX80W0 1.00 700,000 701,396.40
0.68 PHILIP 6 3/8 10/23/34 B55JJ76 1.15 600,000 692,440.47
0.67 PERU 2.783 01/23/31 BMGFFR4 0.85 800,000 678,569.13
0.67 PEMEX 7.69 01/23/50 BMYVTL6 0.75 900,000 673,843.19
0.63 ORBIA 2 7/8 05/11/31 BMBVMW1 0.80 800,000 636,654.70
0.62 INDON 4.2 10/15/50 BKPS8B5 0.90 700,000 632,782.57
0.62 REPHUN 6 1/4 09/22/32 BPXYFH5 1.05 600,000 631,458.33
0.62 TENGIZ 3 1/4 08/15/30 BLCBBX7 0.78 800,000 627,361.43
0.61 OMAN 6 08/01/29 BHNV376 1.03 600,000 616,104.13
0.61 ECUA 2 1/2 07/31/35 BMGR2G8 0.44 1,400,000 615,734.16
0.59 VIETNM 4.8 11/19/24 BSL6P96 1.00 600,000 598,976.45
0.59 EGYPT 8.7002 03/01/49 BGSGVT7 0.75 800,000 598,603.14
0.58 MEX 4 3/4 04/27/32 BMXPS56 0.97 600,000 584,871.42
0.57 FRIDPT 6.2 04/14/52 BNYNMZ4 0.96 600,000 578,732.48
0.57 COLOM 5.2 05/15/49 BGC21T1 0.72 800,000 576,079.48
0.57 INTLWT 5.95 12/15/39 BF19226 0.96 598,800 574,991.94
0.57 BRAZIL 4 1/2 05/30/29 BJ6R944 0.96 600,000 573,565.82
0.57 ADNOUH 4.6 11/02/47 BD6JB75 0.95 600,000 572,852.97
0.56 CHILE 3.24 02/06/28 BFYTTF5 0.95 600,000 567,989.40
0.56 TRANSM 5.2 04/11/38 BNDQRF9 0.95 600,000 567,535.71
0.56 SILAMX 5 3/8 04/04/32 BQ71VH1 0.94 600,000 566,552.06
0.56 EXIMBK 3 7/8 02/01/28 BYW9648 0.94 600,000 563,164.17
0.55 SOAF 4.3 10/12/28 BYYHFB0 0.93 600,000 556,282.62
0.54 BIMBOA 4.7 11/10/47 BF4ZDY0 0.92 600,000 549,698.28
0.53 T 0 3/8 11/30/25 BLH34N9 0.90 600,000 540,948.32
0.53 PEMEX 6 1/2 01/23/29 BHNZPJ4 0.90 600,000 539,119.88
0.53 PTTGC 5.2 03/30/52 BPSNPD3 0.90 600,000 537,736.61
0.53 SCCO 5 7/8 04/23/45 BWXV3J3 1.07 500,000 536,376.19
0.53 CHILE 3 1/2 01/31/34 BNRNVF4 0.89 600,000 532,001.80
0.52 DOMREP 6.4 06/05/49 BGLJW45 0.88 600,000 526,740.30
0.52 INRCON 3 1/4 03/22/28 BNNLHG5 0.88 600,000 525,733.38
0.52 ORBIA 5 1/2 01/15/48 BZ2Z1C6 0.88 600,000 525,687.85
0.52 ECUA 1 1/2 07/31/40 BMGR2K2 0.38 1,400,000 525,489.33
0.52 CCUCI 3.35 01/19/32 BMVFJF5 0.87 600,000 523,810.84
0.51 EGYPT 8 7/8 05/29/50 BMQC081 0.73 700,000 514,364.74
0.50 OMAN 5 3/8 03/08/27 BF04YK4 1.02 500,000 511,467.22
0.50 SERBIA 6 1/2 09/26/33 BPTJVP4 1.02 500,000 510,793.50
0.50 PTTGC 2.98 03/18/31 BNNHLV6 0.85 600,000 507,003.97
0.50 AITOCU 5 1/8 08/11/61 BMCH585 0.84 600,000 504,304.32
0.50 REPHUN 5 1/2 06/16/34 BMZ0K20 1.01 500,000 503,169.67
0.49 INDON 4.55 01/11/28 BNNSSB8 1.00 500,000 501,394.12
0.49 ARGENT 1 1/2 07/09/35 BNC1788 0.29 1,700,000 498,852.84
0.48 TURKEY 5 1/4 03/13/30 BKLJ975 0.82 600,000 489,614.45
0.48 MEX 4.4 02/12/52 BNSP0K7 0.81 600,000 486,098.04
0.48 PANAMA 3 7/8 03/17/28 BYSXF47 0.97 500,000 485,174.62
0.47 PETMK 3 1/2 04/21/30 BMD2JR6 0.95 500,000 473,199.51
0.46 SOAF 7.3 04/20/52 BMB0723 0.93 500,000 463,995.49
0.46 COLOM 3 1/8 04/15/31 BM8HHM7 0.77 600,000 461,048.62
0.45 ROMANI 3 02/27/27 BNGFD66 0.92 500,000 460,671.85
0.45 NGERIA 9.248 01/21/49 BGT0PS5 0.77 600,000 460,139.07
0.45 FEMSA 3 1/2 01/16/50 BKKBHZ6 0.76 600,000 457,214.25
0.44 VALEBZ 3 3/4 07/08/30 BMVPRC8 0.90 500,000 448,489.68
0.44 Other receivables and payables 1.00 440,760 440,760.40
0.42 EGYPT 7.903 02/21/48 BYWJDR0 0.71 600,000 423,037.91
0.42 EIGPRL 4.387 11/30/46 BMX5H71 0.84 500,000 420,367.46
0.41 RAILBZ 4.2 01/18/32 BK9RV20 0.83 500,000 413,973.23
0.40 URUGUA 4.975 04/20/55 BDR8F57 1.02 400,000 407,281.21
0.40 QATAR 4.817 03/14/49 BH3JG26 1.02 400,000 406,744.76
0.40 KSA 4 1/2 04/17/30 BFNRZX0 1.01 400,000 405,734.96
0.40 TURKEY 5 3/4 05/11/47 BD3N0C8 0.68 600,000 405,298.04
0.39 PANAMA 3 3/4 03/16/25 BWC9V16 0.99 400,000 394,888.58
0.39 PETMK 3 1/2 03/18/25 BWCH433 0.99 400,000 394,576.40
0.39 QATAR 3.4 04/16/25 BL6BZC0 0.99 400,000 394,296.70
0.39 ARAMCO 2 7/8 04/16/24 BK0MNZ1 0.98 400,000 393,130.04
0.39 SOAF 4.85 09/27/27 BD35XS1 0.98 400,000 392,821.22
0.39 PARGUY 4.95 04/28/31 BL6FQ07 0.98 400,000 392,794.39
0.39 PRXNA 4.987 01/19/52 BPCQJS1 0.79 500,000 392,655.04
0.39 JORDAN 5 3/4 01/31/27 BYWVG66 0.98 400,000 391,958.69
0.38 BRAZIL 4 5/8 01/13/28 BYPHD82 0.97 400,000 389,252.16
0.37 COLOM 3 1/4 04/22/32 BN7N9J4 0.75 500,000 374,494.59
0.36 NGERIA 7.696 02/23/38 BF3TZV4 0.73 500,000 363,431.52
0.36 TENGIZ 4 08/15/26 BDCPB11 0.91 400,000 362,571.65
0.36 CDEL 3 09/30/29 BKPGX25 0.90 400,000 361,548.31
0.36 TURKEY 4 3/4 01/26/26 BMDJ3V9 0.90 400,000 359,778.32
0.34 ROMANI 3 5/8 03/27/32 BNGFH97 0.87 400,000 346,856.94
0.34 MOROC 4 12/15/50 BMHFZL7 0.69 500,000 345,521.98
0.34 ROMANI 3 02/14/31 BMVVYM5 0.85 400,000 340,368.35
0.34 PHILIP 3.7 02/02/42 BYWYT99 0.85 400,000 339,464.93
0.33 PRXNA 3.832 02/08/51 BNBRK44 0.68 500,000 338,228.78
0.33 KENINT 8 1/4 02/28/48 BF2J2B4 0.83 400,000 331,850.52
0.32 ENAPCL 4 1/2 09/14/47 BF3VLX4 0.82 400,000 327,328.93
0.32 ARGENT 3 1/2 07/09/41 BNC1852 0.32 1,000,000 324,994.35
0.32 REPHUN 2 1/8 09/22/31 BNZJFF2 0.80 400,000 319,297.07
0.31 COLOM 4 1/8 05/15/51 BM8M272 0.63 500,000 315,537.27
0.31 PANAMA 4 1/2 04/01/56 BK8TZM5 0.78 400,000 312,464.59
0.31 TURKEY 6 5/8 02/17/45 BJW06D5 0.78 400,000 311,094.70
0.30 CHILE 3 1/2 01/25/50 BKKGS47 0.76 400,000 303,848.12
0.30 PERU 3.55 03/10/51 BMV33J1 0.76 400,000 302,632.34
0.29 EGYPT 5 7/8 02/16/31 BLH1TJ4 0.74 400,000 297,599.13
0.27 NGERIA 7 5/8 11/28/47 BF2RBB1 0.68 400,000 272,107.90
0.27 PANAMA 3.87 07/23/60 BJVN8G2 0.68 400,000 270,385.87
0.27 AGROSU 4.6 01/20/32 BMW3668 0.90 300,000 269,162.39
0.26 PHILIP 5 1/2 01/17/48 BQBFM09 1.07 250,000 266,260.77
0.26 BHRAIN 5 1/4 01/25/33 BN4N9S6 0.88 300,000 265,029.12
0.24 CHILE 4 01/31/52 BNSMDK9 0.82 300,000 246,170.32
0.24 FRIDPT 5.315 04/14/32 BNYNN06 0.98 250,000 246,078.70
0.24 ECUA 5 1/2 07/31/30 BMGR2C4 0.61 400,000 245,486.19
0.21 INDON 5.65 01/11/53 1.08 200,000 216,723.83
0.21 GHANA 8.627 06/16/49 BF5L3S1 0.36 600,000 215,590.80
0.21 REPHUN 6 3/4 09/25/52 BPXYFD1 1.08 200,000 215,399.58
0.21 PERTIJ 6.45 05/30/44 BMW3NT0 1.07 200,000 214,128.85
0.21 SRILAN 6 3/4 04/18/28 BFWRZN1 0.35 600,000 210,405.46
0.20 PERU 5 5/8 11/18/50 B63ZT39 1.03 200,000 206,613.87
0.20 BHRAIN 6 3/4 09/20/29 BFB5LX8 1.03 200,000 206,414.29
0.20 DPWDU 4.848 09/26/28 BFCMGH7 1.03 200,000 206,071.91
0.20 SOAF 5 7/8 09/16/25 BDS54C7 1.03 200,000 205,714.49
0.20 DOMREP 7.05 02/03/31 BQXTZM2 1.02 200,000 203,694.79
0.20 KSA 4 3/8 04/16/29 BHN6649 1.01 200,000 202,792.42
0.20 INDOIS 4.4 06/06/27 BPVFTX4 1.01 200,000 201,287.54
0.20 PARGUY 5 04/15/26 BD2MDP0 1.01 200,000 201,280.37
0.20 IDASAL 4 3/4 05/15/25 BMDSLL2 1.00 200,000 200,930.66
0.20 REPHUN 5 1/4 06/16/29 BMY36F5 1.00 200,000 200,703.29
0.20 DPWDU 3.908 05/31/23 BDB4XC4 1.00 200,000 200,503.38
0.20 URUGUA 4 3/8 01/23/31 BHXJX58 1.00 200,000 200,170.34
0.20 ROMANI 5 1/4 11/25/27 BMBN001 1.00 200,000 199,751.41
0.20 KUWIB 3 1/2 03/20/27 BF1TGW4 1.00 200,000 199,283.32
0.20 DOMREP 6 07/19/28 BF2WX32 0.99 200,000 198,082.47
0.20 QATAR 3 3/4 04/16/30 BL6BZF3 0.99 200,000 197,810.31
0.20 OMAN 4 3/4 06/15/26 BZB1G08 0.99 200,000 197,309.44
0.19 PLNIJ 4 1/8 05/15/27 BF3W9X3 0.98 200,000 196,737.15
0.19 UKRAIN 7 3/8 09/25/32 BF226G6 0.19 1,000,000 194,750.00
0.19 TURKEY 5.6 11/14/24 BKDLT13 0.97 200,000 194,120.77
0.19 BRAZIL 2 7/8 06/06/25 BMFV937 0.96 200,000 191,052.88
0.19 CHILE 2 3/4 01/31/27 BNRNVH6 0.94 200,000 187,385.55
0.18 PERU 2.392 01/23/26 BMGFFS5 0.93 200,000 186,330.94
0.18 COLOM 3 7/8 04/25/27 BYX7RT3 0.92 200,000 183,470.37
0.18 DOMREP 6 1/2 02/15/48 BF2FTH7 0.91 200,000 182,207.18
0.18 TURKEY 6 1/8 10/24/28 BFZYKC3 0.89 200,000 178,408.96
0.17 MEX 5 04/27/51 BMXPS67 0.88 200,000 175,751.31
0.17 TOPTB 5 3/8 11/20/48 BG0M201 0.88 200,000 175,266.96
0.17 SENEGL 6 1/4 05/23/33 BZ11YY8 0.87 200,000 174,658.84
0.17 PEMEX 6.84 01/23/30 BMBTPL5 0.87 200,000 174,288.10
0.17 EIGPRL 3.545 08/31/36 BMX5H82 0.87 200,000 174,201.54
0.17 BRAZIL 5 5/8 02/21/47 BYM8140 0.87 200,000 173,636.24
0.17 IFHBH 3 7/8 08/15/29 BK6YK94 0.86 200,000 171,277.96
0.17 EGYPT 5.8 09/30/27 BMGCCJ6 0.86 200,000 171,177.79
0.17 IOCMXW 5 05/07/28 BL6HVJ7 0.84 200,000 168,975.82
0.17 MEX 2.659 05/24/31 BN8ZSV4 0.84 200,000 168,085.71
0.16 KSA 2 1/4 02/02/33 BMFDCG7 0.82 200,000 163,682.59
0.16 PERU 3 01/15/34 BNTYXY8 0.82 200,000 163,571.21
0.16 KSA 3 3/4 01/21/55 BKVBFR3 0.80 200,000 159,095.59
0.16 EGYPT 7 5/8 05/29/32 BMHWV98 0.79 200,000 157,587.02
0.16 DOMREP 5 7/8 01/30/60 BJV2XC0 0.78 200,000 156,691.59
0.15 ADGB 3 1/8 09/30/49 BKPGWX9 0.77 200,000 153,761.74
0.14 GHANA 8.95 03/26/51 BJ1DJB4 0.37 400,000 146,000.00
0.14 SRILAN 7.55 03/28/30 BJ7PMW6 0.35 400,000 140,127.55
0.14 PEMEX 6.35 02/12/48 BGPYW91 0.70 200,000 139,027.96
0.13 COLOM 4 1/8 02/22/42 BN7N9P0 0.67 200,000 133,859.81
0.13 REPHUN 3 1/8 09/21/51 BN6KY68 0.65 200,000 130,917.13
0.12 UKRAIN 7.253 03/15/33 BMJ17V7 0.20 600,000 117,912.00
0.10 ELSALV 7.1246 01/20/50 BJBLT29 0.48 200,000 95,966.95
0.09 UKRAIN 7 3/4 09/01/26 BYSRS62 0.22 400,000 87,232.00
0.09 UKRAIN 7 3/4 09/01/24 BZ09DX5 0.22 400,000 87,120.00
0.07 GHANA 8 1/8 03/26/32 BJ1DHP4 0.37 200,000 73,850.40
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 02/06/23

Macauley Duration 7.0 Years
Modified Duration 6.71%
Yield to Maturity 5.93%
Issuer Type Breakdown
Government 59.61%
Corporate 35.66%
Other 4.73%

Source: AltaVista 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.

High yield bonds involve greater risks of default or downgrade and are more volatile than investment grade securities, due to the speculative nature of their investments. EMBD is actively managed, which could increase its transaction costs (thereby lowering its performance) and could increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate. EMBD is non-diversified.

As an actively managed Fund, EMBD does not seek to replicate a specified index and is subject to increased credit and default risk, where there is an inability or unwillingness by the issuer of a fixed income security to meet its financial obligations, debt extension risk, where an issuer may exercise its right to pay principal on an obligation later than expected, as well as interest rate/maturity risk, where the value of the Fund’s fixed income assets will decline because of rising interest rates.

EMBD may invest in securities denominated in foreign currencies. Because the Fund’s NAV is determined in U.S. dollars, the EMBD’s NAV could decline if currencies of the underlying securities depreciate against the U.S. dollar or if there are delays or limits on repatriation of such currencies. Currency exchange rates can be very volatile and can change quickly and unpredictably.

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. The 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, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. 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 JPMorgan, nor does JPMorgan 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 JPMorgan.

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