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 09/26/22

Inception Date 06/01/20
Total Expense Ratio 0.39%
Net Assets $88.75 million
NAV $20.40
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 09/26/22

Ticker EMBD
Bloomberg IOPV Ticker EMBDIV
CUSIP 37954Y350
ISIN US37954Y3505
Primary Exchange NYSE Arca
Shares Outstanding 4,350,000
Number of Holdings 192
30-Day Median Bid-Ask Spread 0.86%

Distributions As of 09/26/22

30-Day SEC Yield 5.82%
12-Month Trailing Yield 6.13%
Distribution Yield 5.07%
Distribution Frequency Monthly

ETF Prices As of 09/26/22

NAV $20.40 Daily Change -$0.26 -1.27%
Market Price $20.22 Daily Change -$0.19 -0.93%

Performance History

As of recent
(06/30/22)
As of recent
(06/30/22)
Fund NAV Market Price Benchmark
1 Year -17.17% -17.30% -21.64%
Since Inception -3.10% -3.02% -6.58%
1 Year -16.42% -16.99% -21.31%
Since Inception -1.92% -2.10% -5.30%
Year-to-Date -16.22% -16.71% -20.82%
1 Month -5.99% -5.77% -6.64%
3 Months -10.04% -10.59% -12.09%
Since Inception -6.34% -6.17% -13.20%
Year-to-Date -14.36% -15.38% -19.29%
1 Month -1.04% -3.01% -1.30%
3 Months -3.90% -4.27% -4.83%
Since Inception -4.26% -4.67% -11.52%

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 09/26/22

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
2.89 Cash and Equivalents 1.00 2,564,986 2,564,985.67
2.88 T 0 1/8 02/28/23 BLKH0W9 0.98 2,600,000 2,559,727.94
2.71 T 0 1/4 09/30/23 BMCV822 0.96 2,500,000 2,403,969.75
1.77 T 3 07/31/24 BQ7Y9Q5 0.98 1,600,000 1,569,258.15
1.55 QATAR 4.4 04/16/50 BL6KL96 0.92 1,500,000 1,379,367.82
1.29 TGPERU 4 1/4 04/30/28 B7ZRB45 0.95 1,200,000 1,141,903.36
1.28 IVYCST 6 1/8 06/15/33 BYW5KQ6 0.81 1,400,000 1,139,808.81
1.22 ESKOM 6.35 08/10/28 BF2F610 0.91 1,200,000 1,086,057.67
1.16 IDASAL 6.53 11/15/28 BFMVHJ3 1.03 1,000,000 1,033,492.61
1.14 EIBKOR Float 04/27/23 BMV7285 1.01 1,000,000 1,011,886.26
1.13 KDB Float 02/18/23 BK52BS5 1.00 1,000,000 1,003,735.95
1.09 DPWDU 4.7 09/30/49 BJLBK60 0.81 1,200,000 971,391.85
1.05 PETMK 4.55 04/21/50 BMD2JQ5 0.93 1,000,000 934,803.33
1.02 ICLIT 6 3/8 05/31/38 BF3SP44 1.00 900,000 902,909.95
1.00 EIGPRL 4.387 11/30/46 BMX5H71 0.74 1,200,000 884,202.31
0.97 SOAF 4.85 09/30/29 BKRQ5R2 0.86 1,000,000 861,298.41
0.94 BRAZIL 3 7/8 06/12/30 BMBT2V4 0.84 1,000,000 835,832.42
0.93 PEMEX 5.95 01/28/31 BLNBRW7 0.69 1,200,000 829,002.28
0.93 FRIDPT 6.2 04/14/52 BNYNMZ4 0.82 1,000,000 823,837.97
0.91 QATAR 3 7/8 04/23/23 BFX2LZ9 1.01 800,000 810,731.69
0.91 ANGOL 8 3/4 04/14/32 BP2R4G7 0.81 1,000,000 810,014.86
0.91 QATAR 4 1/2 04/23/28 BFYY529 1.01 800,000 809,702.68
0.87 QATAR 4 03/14/29 BJVGBQ2 0.97 800,000 775,237.57
0.87 ADGB 2 1/2 04/16/25 BLGVN48 0.96 800,000 769,013.02
0.87 OMAN 6 1/4 01/25/31 BMXYFP2 0.96 800,000 767,345.12
0.86 ADGB 3 1/8 10/11/27 BF0M765 0.96 800,000 764,595.48
0.86 PERU 4 1/8 08/25/27 BZ3CC12 0.95 800,000 759,802.10
0.85 PANAMA 3.87 07/23/60 BJVN8G2 0.63 1,200,000 754,873.40
0.85 PERU 8 3/4 11/21/33 2172833 1.25 600,000 751,020.72
0.84 DOMREP 6.4 06/05/49 BGLJW45 0.74 1,000,000 743,031.80
0.84 ARAMCO 3 1/2 04/16/29 BK0MP44 0.93 800,000 742,757.35
0.81 TRANSM 4.7 04/16/34 BJ06B85 0.89 800,000 715,035.79
0.79 ECOPET 5 7/8 05/28/45 BMQXLW5 0.64 1,100,000 700,850.20
0.77 OCPMR 5 1/8 06/23/51 BKMGKM7 0.68 1,000,000 683,582.65
0.76 ANGSJ 3 3/8 11/01/28 BMX71K8 0.84 800,000 669,929.67
0.75 SENEGL 6 3/4 03/13/48 BF2LTP3 0.67 1,000,000 666,956.96
0.72 DOMREP 4 1/2 01/30/30 BJV2X64 0.80 800,000 642,746.79
0.72 PERU 2.783 01/23/31 BMGFFR4 0.80 800,000 640,914.88
0.71 SASOL 5 1/2 03/18/31 BNNLH09 0.79 800,000 633,215.47
0.70 SHJGOV 4 3/8 03/10/51 BMV3380 0.62 1,000,000 624,675.41
0.70 TURKEY 5 1/8 02/17/28 BFWJ979 0.77 800,000 616,727.35
0.69 ORBIA 2 7/8 05/11/31 BMBVMW1 0.76 800,000 608,816.50
0.68 VIETNM 4.8 11/19/24 BSL6P96 1.01 600,000 604,984.56
0.68 MS Float 10/24/23 BYQ74P5 1.01 600,000 604,603.84
0.68 HYUELE 2 3/8 01/19/31 BMV7YQ7 0.75 800,000 602,019.91
0.68 KSA 4 04/17/25 BFNF0Z1 1.00 600,000 599,947.13
0.67 MOROC 4 12/15/50 BMHFZL7 0.59 1,000,000 592,383.41
0.66 TENGIZ 3 1/4 08/15/30 BLCBBX7 0.73 800,000 581,508.70
0.65 KSA 3 1/4 10/26/26 BYQ6MG9 0.97 600,000 579,773.21
0.65 PEMEX 7.69 01/23/50 BMYVTL6 0.64 900,000 577,078.85
0.65 PANAMA 4 1/2 04/01/56 BK8TZM5 0.72 800,000 577,055.67
0.65 OMAN 6 08/01/29 BHNV376 0.96 600,000 573,110.71
0.63 MEX 4 3/4 04/27/32 BMXPS56 0.93 600,000 555,607.89
0.62 INTLWT 5.95 12/15/39 BF19226 0.92 598,800 549,141.32
0.61 BRAZIL 4 1/2 05/30/29 BJ6R944 0.91 600,000 543,477.67
0.61 CHILE 3.24 02/06/28 BFYTTF5 0.91 600,000 543,061.35
0.60 DOMREP 4 7/8 09/23/32 BJP84G5 0.76 700,000 535,318.54
0.60 TRANSM 5.2 04/11/38 BNDQRF9 0.89 600,000 534,991.80
0.60 AMXLMM 5 3/8 04/04/32 BQ71VH1 0.89 600,000 534,596.31
0.60 T 0 3/8 11/30/25 BLH34N9 0.88 600,000 530,026.76
0.59 BIMBOA 4.7 11/10/47 BF4ZDY0 0.87 600,000 521,902.89
0.59 ARGENT 3 7/8 01/09/38 BNC1841 0.26 2,000,000 521,166.78
0.58 SOAF 4.3 10/12/28 BYYHFB0 0.86 600,000 517,413.11
0.58 ECUA 2 1/2 07/31/35 BMGR2G8 0.37 1,400,000 516,126.82
0.58 COLOM 5.2 05/15/49 BGC21T1 0.64 800,000 514,796.27
0.58 GCCAMM 3.614 04/20/32 BNZHZN4 0.85 600,000 511,457.18
0.57 MOROC 2 3/8 12/15/27 BMHCD58 0.84 600,000 503,026.55
0.57 FABUH Float 08/08/23 BJX8J62 1.00 500,000 502,005.25
0.57 GS Float 02/23/23 BD1DDF4 1.00 500,000 501,889.33
0.57 PTTGC 5.2 03/30/52 BPSNPD3 0.84 600,000 501,807.93
0.56 IFHBH 3 7/8 08/15/29 BK6YK94 0.83 600,000 497,575.89
0.56 CHILE 3 1/2 01/31/34 BNRNVF4 0.82 600,000 492,770.03
0.55 SCCO 5 7/8 04/23/45 BWXV3J3 0.97 500,000 485,022.45
0.54 PTTGC 2.98 03/18/31 BNNHLV6 0.80 600,000 479,357.82
0.54 OMAN 5 5/8 01/17/28 BFWM9S9 0.95 500,000 476,227.14
0.54 PEMEX 6 1/2 01/23/29 BHNZPJ4 0.79 600,000 476,024.27
0.53 ORBIA 5 1/2 01/15/48 BZ2Z1C6 0.78 600,000 468,734.13
0.52 EGYPT 8.7002 03/01/49 BGSGVT7 0.58 800,000 465,191.28
0.52 PETMK 3 1/2 04/21/30 BMD2JR6 0.93 500,000 464,958.74
0.52 PANAMA 3 7/8 03/17/28 BYSXF47 0.92 500,000 461,677.12
0.52 ECUA 1 1/2 07/31/40 BMGR2K2 0.33 1,400,000 458,367.35
0.52 INDON 5 1/8 01/15/45 BV9RNJ8 0.92 500,000 458,239.56
0.51 AITOCU 5 1/8 08/11/61 BMCH585 0.75 600,000 452,215.60
0.48 COLOM 3 1/8 04/15/31 BM8HHM7 0.72 600,000 429,216.35
0.48 FEMSA 3 1/2 01/16/50 BKKBHZ6 0.71 600,000 428,852.32
0.48 EGYPT 8 7/8 05/29/50 BMQC081 0.61 700,000 427,431.59
0.48 TURKEY 5 1/4 03/13/30 BKLJ975 0.71 600,000 425,968.45
0.46 INDON 4.2 10/15/50 BKPS8B5 0.82 500,000 408,616.52
0.46 NGERIA 9.248 01/21/49 BGT0PS5 0.68 600,000 407,964.00
0.46 SOAF 7.3 04/20/52 BMB0723 0.81 500,000 403,656.01
0.45 KSA 4 1/2 04/17/30 BFNRZX0 1.01 400,000 403,065.57
0.45 JBYCMX 2 1/2 10/14/31 BNG6XN6 0.80 500,000 402,444.44
0.44 QATAR 3.4 04/16/25 BL6BZC0 0.98 400,000 393,877.53
0.44 ARAMCO 2 7/8 04/16/24 BK0MNZ1 0.98 400,000 392,180.27
0.44 PETMK 3 1/2 03/18/25 BWCH433 0.97 400,000 389,009.65
0.44 ARENRJ 4 5/8 10/15/39 BKQQYH6 0.71 550,500 388,431.03
0.44 PANAMA 3 3/4 03/16/25 BWC9V16 0.97 400,000 387,207.66
0.42 BRAZIL 4 5/8 01/13/28 BYPHD82 0.93 400,000 373,941.13
0.42 PARGUY 4.95 04/28/31 BL6FQ07 0.93 400,000 372,289.63
0.42 JORDAN 5 3/4 01/31/27 BYWVG66 0.93 400,000 371,987.50
0.42 EXIMBK 3 7/8 02/01/28 BYW9648 0.92 400,000 368,185.89
0.41 URUGUA 4.975 04/20/55 BDR8F57 0.92 400,000 366,750.12
0.41 TURKEY 5 3/4 05/11/47 BD3N0C8 0.61 600,000 365,626.39
0.41 SOAF 4.85 09/27/27 BD35XS1 0.90 400,000 361,453.59
0.39 OCPMR 6 7/8 04/25/44 BLT1XS9 0.87 400,000 349,714.94
0.39 COLOM 3 1/4 04/22/32 BN7N9J4 0.70 500,000 348,808.41
0.38 ARGENT 1 1/2 07/09/35 BNC1788 0.20 1,700,000 340,574.36
0.38 TENGIZ 4 08/15/26 BDCPB11 0.85 400,000 338,873.04
0.38 TURKEY 4 3/4 01/26/26 BMDJ3V9 0.85 400,000 338,503.55
0.38 INRCON 3 1/4 03/22/28 BNNLHG5 0.84 400,000 335,215.47
0.38 PRXNA 4.987 01/19/52 BPCQJS1 0.67 500,000 335,002.10
0.37 EGYPT 7.903 02/21/48 BYWJDR0 0.55 600,000 329,041.62
0.36 PHILIP 3.7 02/02/42 BYWYT99 0.81 400,000 323,032.43
0.36 IOCMXW 5 05/07/28 BL6HVJ7 0.81 400,000 322,347.87
0.36 DOMREP 6.85 01/27/45 BV0L861 0.79 400,000 317,974.18
0.36 COLOM 5 06/15/45 BVHFBK1 0.63 500,000 315,229.56
0.35 NGERIA 7.696 02/23/38 BF3TZV4 0.61 500,000 306,064.35
0.34 DOMREP 6 1/2 02/15/48 BF2FTH7 0.75 400,000 300,345.74
0.33 ROMANI 3 02/14/31 BMVVYM5 0.73 400,000 291,688.99
0.32 PRXNA 3.832 02/08/51 BNBRK44 0.57 500,000 283,673.34
0.32 MEX 4.4 02/12/52 BNSP0K7 0.70 400,000 281,470.33
0.32 COLOM 4 1/8 05/15/51 BM8M272 0.56 500,000 279,913.15
0.31 CHILE 3 1/2 01/25/50 BKKGS47 0.69 400,000 276,636.18
0.31 PERU 3.55 03/10/51 BMV33J1 0.68 400,000 273,323.76
0.31 ENAPCL 4 1/2 09/14/47 BF3VLX4 0.68 400,000 272,841.14
0.30 KENINT 8 1/4 02/28/48 BF2J2B4 0.67 400,000 266,975.89
0.30 TURKEY 6 5/8 02/17/45 BJW06D5 0.66 400,000 264,704.46
0.29 ROMANI 3 02/27/27 BNGFD66 0.86 300,000 256,760.61
0.28 EGYPT 5 7/8 02/16/31 BLH1TJ4 0.63 400,000 250,577.92
0.28 AGROSU 4.6 01/20/32 BMW3668 0.82 300,000 246,914.34
0.28 ARGENT 3 1/2 07/09/41 BNC1852 0.24 1,000,000 243,839.14
0.27 GHANA 8.627 06/16/49 BF5L3S1 0.40 600,000 242,756.33
0.27 BHRAIN 5 1/4 01/25/33 BN4N9S6 0.80 300,000 240,211.53
0.27 NGERIA 7 5/8 11/28/47 BF2RBB1 0.60 400,000 238,188.78
0.27 ROMANI 4 02/14/51 BMVZ933 0.59 400,000 235,245.69
0.25 CHILE 4 01/31/52 BNSMDK9 0.75 300,000 223,566.15
0.25 PHILIP 6 3/8 10/23/34 B55JJ76 1.09 200,000 218,668.09
0.25 FRIDPT 5.315 04/14/32 BNYNN06 0.87 250,000 218,562.88
0.23 KSA 4 3/8 04/16/29 BHN6649 1.01 200,000 201,398.27
0.23 INDON 2.95 01/11/23 BFNN453 1.00 200,000 200,626.58
0.23 DPWDU 3.908 05/31/23 BDB4XC4 1.00 200,000 200,569.93
0.22 PARGUY 5 04/15/26 BD2MDP0 0.99 200,000 198,761.17
0.22 SOAF 5 7/8 09/16/25 BDS54C7 0.99 200,000 198,229.50
0.22 INDOIS 4.4 06/06/27 BPVFTX4 0.99 200,000 197,358.45
0.22 IDASAL 4 3/4 05/15/25 BMDSLL2 0.98 200,000 196,457.91
0.22 PERU 5 5/8 11/18/50 B63ZT39 0.98 200,000 195,305.79
0.22 DPWDU 4.848 09/26/28 BFCMGH7 0.97 200,000 194,881.17
0.22 UKRAIN 7 3/8 09/25/32 BF226G6 0.19 1,000,000 194,336.80
0.22 PERTIJ 6.45 05/30/44 BMW3NT0 0.97 200,000 193,971.22
0.22 URUGUA 4 3/8 01/23/31 BHXJX58 0.97 200,000 193,291.43
0.22 QATAR 3 3/4 04/16/30 BL6BZF3 0.96 200,000 192,627.93
0.22 KUWIB 3 1/2 03/20/27 BF1TGW4 0.96 200,000 192,612.70
0.22 DOMREP 5.95 01/25/27 BYX80W0 0.95 200,000 190,911.22
0.22 QATAR 4.817 03/14/49 BH3JG26 0.95 200,000 190,610.59
0.21 OMAN 4 3/4 06/15/26 BZB1G08 0.95 200,000 190,257.18
0.21 BHRAIN 6 3/4 09/20/29 BFB5LX8 0.95 200,000 189,970.34
0.21 PLNIJ 4 1/8 05/15/27 BF3W9X3 0.94 200,000 188,872.91
0.21 BRAZIL 2 7/8 06/06/25 BMFV937 0.94 200,000 188,397.48
0.21 TURKEY 5.6 11/14/24 BKDLT13 0.94 200,000 188,102.88
0.21 DOMREP 6 07/19/28 BF2WX32 0.94 200,000 187,083.10
0.21 ROMANI 5 1/4 11/25/27 BMBN001 0.93 200,000 186,549.37
0.21 ADNOUH 4.6 11/02/47 BD6JB75 0.93 200,000 186,007.15
0.21 MEX 3 3/4 01/11/28 BYWP538 0.93 200,000 185,886.57
0.21 PERU 2.392 01/23/26 BMGFFS5 0.91 200,000 182,854.62
0.20 KALLPA 4 1/8 08/16/27 BF53JC3 0.91 200,000 181,463.99
0.20 CHILE 2 3/4 01/31/27 BNRNVH6 0.90 200,000 180,615.90
0.20 CDEL 3 09/30/29 BKPGX25 0.87 200,000 173,482.14
0.18 TURKEY 6 1/8 10/24/28 BFZYKC3 0.81 200,000 162,954.78
0.18 SENEGL 6 1/4 05/23/33 BZ11YY8 0.81 200,000 161,850.89
0.18 MEX 5 04/27/51 BMXPS67 0.80 200,000 160,080.69
0.18 KSA 2 1/4 02/02/33 BMFDCG7 0.80 200,000 159,996.21
0.18 MEX 2.659 05/24/31 BN8ZSV4 0.78 200,000 156,233.14
0.18 BRAZIL 5 5/8 02/21/47 BYM8140 0.78 200,000 155,770.28
0.18 SRILAN 6 3/4 04/18/28 BFWRZN1 0.26 600,000 155,648.31
0.17 PEMEX 6.84 01/23/30 BMBTPL5 0.77 200,000 153,798.95
0.17 EGYPT 5.8 09/30/27 BMGCCJ6 0.77 200,000 153,720.77
0.17 PERU 3 01/15/34 BNTYXY8 0.76 200,000 152,793.89
0.17 GHANA 8.95 03/26/51 BJ1DJB4 0.38 400,000 152,357.79
0.17 KSA 3 3/4 01/21/55 BKVBFR3 0.76 200,000 152,141.30
0.17 ADGB 3 1/8 09/30/49 BKPGWX9 0.74 200,000 148,390.23
0.16 REPHUN 2 1/8 09/22/31 BNZJFF2 0.70 200,000 139,947.64
0.15 DOMREP 5 7/8 01/30/60 BJV2XC0 0.67 200,000 133,674.61
0.15 EGYPT 7 5/8 05/29/32 BMHWV98 0.67 200,000 133,235.71
0.13 COLOM 4 1/8 02/22/42 BN7N9P0 0.58 200,000 116,083.58
0.13 UKRAIN 7.253 03/15/33 BMJ17V7 0.19 600,000 115,535.52
0.13 PEMEX 6.35 02/12/48 BGPYW91 0.56 200,000 112,660.01
0.12 REPHUN 3 1/8 09/21/51 BN6KY68 0.55 200,000 109,880.86
0.12 SRILAN 7.55 03/28/30 BJ7PMW6 0.26 400,000 103,341.70
0.11 ECUA 5 1/2 07/31/30 BMGR2C4 0.50 200,000 100,607.59
0.10 UKRAIN 7 3/4 09/01/26 BYSRS62 0.21 400,000 85,978.40
0.10 GHANA 8 1/8 03/26/32 BJ1DHP4 0.42 200,000 84,881.83
0.09 UKRAIN 7 3/4 09/01/24 BZ09DX5 0.21 400,000 83,528.00
0.08 ELSALV 7.1246 01/20/50 BJBLT29 0.34 200,000 67,710.45
-0.05 Other receivables and payables 1.00 -40,451 -40,451.10
Holdings are subject to change.

ETF Characteristics As of 09/26/22

Macauley Duration 9.8 Years
Yield to Maturity 7.29%
Issuer Type Breakdown
Government 64.01%
Corporate 34.75%
Other 1.24%

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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