EMBD


Emerging Markets Bond ETFActive

Morningstar Rating™ - Overall rating out of 226 Emerging Markets Bond funds, based on risk-adjusted returns as of 05/31/2024

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 06/13/24

Inception Date 06/01/20
Total Expense Ratio 0.39%
Net Assets $146.14 million
NAV $22.48
Fact Sheet View the document

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 06/13/24

Ticker EMBD
Bloomberg IOPV Ticker EMBDIV
CUSIP 37954Y350
ISIN US37954Y3505
Primary Exchange NYSE Arca
Shares Outstanding 6,500,000
Number of Holdings 205
30-Day Median Bid-Ask Spread 0.36%
NAIC Designation Preliminary 3.C as of 03/31/23

Distributions As of 06/13/24

30-Day SEC Yield 6.13%
12-Month Trailing Yield 5.59%
Distribution Yield 5.20%
Distribution Frequency Monthly

ETF Prices As of 06/13/24

NAV $22.48 Daily Change $0.03 0.13%
Market Price $22.59 Daily Change $0.07 0.31%

Performance History

As of recent
(03/31/24)
As of recent
(03/31/24)
Fund NAV Market Price Benchmark
1 Year 10.11% 9.47% 10.71%
3 Years -0.18% -0.26% -1.61%
Since Inception 2.29% 2.34% 0.25%
1 Year 10.28% 10.52% 10.67%
3 Years -1.05% -0.96% -2.88%
Since Inception 2.18% 2.36% 0.15%
Year-to-Date 1.98% 1.75% 1.82%
1 Month 1.91% 2.18% 2.09%
3 Months 1.98% 1.75% 1.82%
Since Inception 9.07% 9.26% 0.96%
Year-to-Date 1.91% 2.21% 1.46%
1 Month 1.66% 2.24% 1.92%
3 Months 1.84% 2.65% 1.72%
Since Inception 8.99% 9.76% 0.60%

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 06/13/24

Net Assets (%) Security Type Name SEDOL Market Price ($) Shares Held Market Value ($)
2.76 Treasury Note T 5 10/31/25 BMWPY04 1.01 4,000,000 4,028,125.00
1.48 Bond - Foreign CDEL 5.95 01/08/34 BNT9DH6 1.03 2,100,000 2,157,760.60
1.44 Bond - Foreign POLAND 5 1/2 04/04/53 BN7B125 1.00 2,100,000 2,102,456.31
1.42 Bond - Foreign PERU 8 3/4 11/21/33 2172833 1.22 1,700,000 2,071,355.30
1.22 Bond - Foreign ESKOM 6.35 08/10/28 BF2F610 0.99 1,800,000 1,785,187.38
1.22 Bond - Foreign REPHUN 6 1/4 09/22/32 BPXYFH5 1.05 1,700,000 1,781,906.57
1.11 Bond - Foreign ANGOL 8 3/4 04/14/32 BP2R4G7 0.90 1,800,000 1,628,611.93
1.01 Bond - Foreign IVYCST 6 1/8 06/15/33 BYW5KQ6 0.92 1,600,000 1,470,995.20
0.99 Bond - Foreign MOROC 2 3/8 12/15/27 BMHCD58 0.90 1,600,000 1,447,920.00
0.90 Bond - Foreign ROMANI 3 02/27/27 BNGFD66 0.94 1,400,000 1,314,576.92
0.90 Bond - Foreign MEX 4 3/4 04/27/32 BMXPS56 0.94 1,400,000 1,311,424.33
0.88 Bond - Foreign GCCAMM 3.614 04/20/32 BNZHZN4 0.85 1,500,000 1,281,558.63
0.87 Bond - Foreign OMAN 6 1/4 01/25/31 BMXYFP2 1.06 1,200,000 1,270,952.05
0.86 Bond - Foreign IDASAL 6.53 11/15/28 BFMVHJ3 1.05 1,200,000 1,255,978.58
0.86 Mutual Fund GLOBAL X 1-3 MONTH T-BILL BNBPYF7 25.06 50,000 1,253,000.00
0.86 Bond - Foreign PETMK 4.55 04/21/50 BMD2JQ5 0.89 1,400,000 1,252,982.40
0.86 Bond - Foreign CDEL 3 5/8 08/01/27 BD09JJ9 0.96 1,300,000 1,250,817.18
0.86 Bond - Foreign CDEL 3 09/30/29 BKPGX25 0.89 1,400,000 1,249,433.85
0.85 Bond - Foreign KSA 3 3/4 01/21/55 BKVBFR3 0.73 1,700,000 1,240,739.77
0.85 Bond - Foreign MEX 6.35 02/09/35 BNM9D06 1.03 1,200,000 1,240,591.09
0.85 Bond - Foreign CCUCI 3.35 01/19/32 BMVFJF5 0.88 1,400,000 1,235,068.48
0.84 Bond - Foreign REPHUN 6 1/8 05/22/28 BNNT8Q6 1.03 1,200,000 1,231,785.08
0.84 Bond - Foreign COSTAR 6 1/8 02/19/31 BJLPZ01 1.02 1,200,000 1,229,625.00
0.83 Bond - Foreign OMAN 5 3/8 03/08/27 BF04YK4 1.01 1,200,000 1,209,501.23
0.82 Bond - Foreign PEMEX 6.84 01/23/30 BMBTPL5 0.92 1,300,000 1,190,687.91
0.81 Bond - Foreign TURKEY 6 1/8 10/24/28 BFZYKC3 0.99 1,200,000 1,185,015.27
0.81 Bond - Foreign BRAZIL 6 10/20/33 BN6QD25 0.98 1,200,000 1,179,458.03
0.81 Bond - Foreign ENAPCL 5 1/4 11/06/29 BD3S2R2 0.98 1,200,000 1,179,229.54
0.81 Bond - Foreign PANAMA 7 1/2 03/01/31 BSNTYN0 1.07 1,100,000 1,176,094.51
0.81 Bond - Foreign ADGB 2 1/2 04/16/25 BLGVN48 0.98 1,200,000 1,175,686.03
0.80 Bond - Foreign ARGENT 4 1/4 01/09/38 BNC1841 0.49 2,400,000 1,165,496.58
0.79 Bond - Foreign EGYPT 5 7/8 02/16/31 BLH1TJ4 0.82 1,400,000 1,151,875.38
0.78 Bond - Foreign BRAZIL 4 1/2 05/30/29 BJ6R944 0.95 1,200,000 1,134,197.95
0.77 Bond - Corporate JPM 1.578 04/22/27 BKVKLQ1 0.94 1,200,000 1,122,810.74
0.77 Bond - Foreign DOMREP 4 1/2 01/30/30 BJV2X64 0.93 1,200,000 1,120,687.88
0.76 Bond - Foreign EGYPT 5.8 09/30/27 BMGCCJ6 0.93 1,200,000 1,116,181.04
0.75 Bond - Foreign DOMREP 4 7/8 09/23/32 BJP84G5 0.91 1,200,000 1,097,867.24
0.73 Bond - Foreign BIMBOA 6.05 01/15/29 BRBRPY7 1.07 1,000,000 1,071,465.05
0.71 Bond - Foreign BHRAIN 6 3/4 09/20/29 BFB5LX8 1.03 1,000,000 1,032,823.35
0.70 Bond - Foreign EGYPT 7 5/8 05/29/32 BMHWV98 0.85 1,200,000 1,024,310.90
0.70 Bond - Foreign DOMREP 6 07/19/28 BF2WX32 1.02 1,000,000 1,023,355.15
0.69 Treasury Bond T 4 1/2 02/15/44 BPG5RX5 1.01 1,000,000 1,013,240.04
0.69 Bond - Foreign ADGB 4 7/8 04/30/29 BRJQKF2 1.01 1,000,000 1,012,667.05
0.69 Bond - Foreign REPHUN 5 1/4 06/16/29 BMY36F5 1.01 1,000,000 1,011,269.46
0.69 Treasury Note T 3 07/31/24 BQ7Y9Q5 1.01 1,000,000 1,008,005.67
0.69 Bond - Foreign PEMEX 5.95 01/28/31 BLNBRW7 0.84 1,200,000 1,007,744.00
0.69 Bond - Foreign ENAPCL 6.15 05/10/33 BRJQTX3 1.01 1,000,000 1,007,711.09
0.69 Cash CASH 1.00 1,002,811 1,002,811.47
0.69 Treasury Note T 4 1/8 03/31/29 BQV12R4 1.00 1,000,000 1,002,706.19
0.68 Bond - Foreign PHILIP 6 3/8 10/23/34 B55JJ76 1.11 900,000 999,415.40
0.68 Bond - Foreign BGOSK 5 3/8 05/22/33 BNC3K29 1.00 1,000,000 996,362.43
0.68 Bond - Foreign ADGB 2 1/8 09/30/24 BKPGWV7 0.99 1,000,000 994,366.53
0.68 Bond - Corporate JPM 3.96 01/29/27 BHQTTL3 0.99 1,000,000 992,607.19
0.68 Treasury Bond T 4 1/4 02/15/54 BS2G1C0 0.99 1,000,000 989,127.75
0.68 Bond - Foreign PEMEX 7.69 01/23/50 BMYVTL6 0.76 1,300,000 987,718.83
0.67 Bond - Foreign TURKEY 4 1/4 04/14/26 BVYNZS4 0.97 1,000,000 972,199.45
0.67 Bond - Foreign ENAPCL 3 3/4 08/05/26 BD1F1C3 0.97 1,000,000 971,747.18
0.66 Treasury Bond T 4 1/8 08/15/53 BRT3QH7 0.97 1,000,000 966,993.48
0.66 Bond - Foreign KZOKZ 6 3/8 10/24/48 BFM6YV9 0.96 1,000,000 960,126.38
0.65 Bond - Foreign CHILE 4 01/31/52 BNSMDK9 0.80 1,200,000 956,430.77
0.65 Bond - Foreign COLOM 3 7/8 04/25/27 BYX7RT3 0.94 1,000,000 944,276.04
0.64 Bond - Foreign ARGENT 3 5/8 07/09/35 BNC1788 0.45 2,100,000 939,193.54
0.64 Bond - Foreign SOAF 5 7/8 04/20/32 BMB0734 0.94 1,000,000 935,729.07
0.64 Bond - Foreign PEMEX 6 1/2 01/23/29 BHNZPJ4 0.93 1,000,000 931,795.56
0.64 Bond - Foreign SOAF 4.85 09/30/29 BKRQ5R2 0.93 1,000,000 929,609.75
0.63 Bond - Foreign SOAF 4.3 10/12/28 BYYHFB0 0.92 1,000,000 924,769.13
0.63 Bond - Foreign NTBKKK 1 5/8 09/15/27 BNYDCZ4 0.92 1,000,000 920,987.85
0.62 Bond - Foreign SOAF 7.3 04/20/52 BMB0723 0.91 1,000,000 909,879.40
0.62 Bond - Foreign TABRED 2 1/2 10/21/27 BMTM5K5 0.91 1,000,000 907,133.78
0.61 Bond - Foreign FRIDPT 5.315 04/14/32 BNYNN06 0.99 900,000 889,987.68
0.61 Bond - Foreign QATAR 4.4 04/16/50 BL6KL96 0.89 1,000,000 887,688.71
0.60 Bond - Foreign MEX 6.4 05/07/54 BQB5NN9 0.97 900,000 872,236.81
0.57 Bond - Foreign OMAN 6 08/01/29 BHNV376 1.04 800,000 830,863.80
0.56 Bond - Corporate BAC 4.948 07/22/28 BNDK8X6 1.01 800,000 811,093.75
0.55 Bond - Foreign INDON 4.55 01/11/28 BNNSSB8 1.00 800,000 800,885.60
0.55 Bond - Foreign ECOPET 5 7/8 05/28/45 BMQXLW5 0.72 1,100,000 796,562.96
0.53 Bond - Foreign EXIMBK 3 7/8 02/01/28 BYW9648 0.98 800,000 780,486.05
0.53 Bond - Foreign ECUA 3 1/2 07/31/35 BMGR2G8 0.51 1,500,000 770,860.13
0.52 Bond - Foreign CHILE 3.24 02/06/28 BFYTTF5 0.95 800,000 760,602.85
0.52 Bond - Foreign ADGB 3 1/8 10/11/27 BF0M765 0.95 800,000 760,355.89
0.51 Bond - Foreign ARAMCO 3 1/2 04/16/29 BK0MP44 0.94 800,000 749,178.16
0.51 Bond - Foreign PANAMA 3 7/8 03/17/28 BYSXF47 0.93 800,000 746,447.35
0.51 Bond - Foreign DOMREP 7.05 02/03/31 BQXTZM2 1.06 700,000 744,459.04
0.51 Bond - Foreign COLOM 4 1/2 03/15/29 BGV7K78 0.92 800,000 737,751.69
0.49 Bond - Foreign SERBIA 6 1/2 09/26/33 BPTJVP4 1.03 700,000 721,636.35
0.49 Bond - Foreign BNCE 2.72 08/11/31 BMYXTZ6 0.90 800,000 719,192.93
0.49 Bond - Foreign COLOM 5.2 05/15/49 BGC21T1 0.71 1,000,000 709,988.66
0.48 Bond - Foreign OMAN 4 3/4 06/15/26 BZB1G08 1.01 700,000 704,725.00
0.48 Bond - Foreign COLOM 3 1/4 04/22/32 BN7N9J4 0.77 900,000 695,461.43
0.47 Bond - Foreign BRAZIL 7 1/8 05/13/54 BMH2J83 0.99 700,000 692,230.82
0.47 Bond - Foreign PTTGC 2.98 03/18/31 BNNHLV6 0.86 800,000 691,530.45
0.47 Bond - Foreign KSA 4 3/8 04/16/29 BHN6649 0.98 700,000 688,189.69
0.46 Bond - Foreign GGBRBZ 7 1/4 04/16/44 BLMZ548 1.12 600,000 669,730.35
0.45 Bond - Foreign ORBIA 2 7/8 05/11/31 BMBVMW1 0.82 800,000 655,660.22
0.45 Bond - Foreign REPHUN 6 3/4 09/25/52 BPXYFD1 1.09 600,000 651,872.86
0.44 Bond - Foreign VALEBZ 3 3/4 07/08/30 BMVPRC8 0.92 700,000 644,946.73
0.44 Bond - Foreign REPHUN 2 1/8 09/22/31 BNZJFF2 0.80 800,000 639,150.63
0.43 Bond - Foreign PHILIP 5 1/2 01/17/48 BQBFM09 1.04 600,000 621,553.44
0.42 Bond - Foreign SGCAZE 6 7/8 03/24/26 BD05CV0 1.02 600,000 613,863.67
0.42 Bond - Foreign SOAF 5 7/8 09/16/25 BDS54C7 1.01 600,000 606,787.11
0.41 Bond - Foreign MEX 4.4 02/12/52 BNSP0K7 0.75 800,000 603,552.16
0.41 Bond - Foreign TURKEY 4 3/4 01/26/26 BMDJ3V9 0.99 600,000 596,554.64
0.41 Bond - Foreign PETMK 3 1/2 03/18/25 BWCH433 0.99 600,000 596,248.00
0.41 Bond - Foreign NGERIA 7 5/8 11/28/47 BF2RBB1 0.74 800,000 595,774.10
0.41 Bond - Foreign ROMANI 5 1/4 11/25/27 BMBN001 0.99 600,000 592,245.55
0.41 Bond - Foreign PERU 5 5/8 11/18/50 B63ZT39 0.99 600,000 591,831.99
0.40 Bond - Foreign INTLWT 5.95 12/15/39 BF19226 0.99 594,540 589,730.18
0.40 Bond - Foreign PANAMA 3.87 07/23/60 BJVN8G2 0.59 1,000,000 589,271.81
0.40 Bond - Foreign ARGENT 3 1/2 07/09/41 BNC1852 0.42 1,400,000 588,941.42
0.40 Bond - Foreign KSA 4 1/2 04/17/30 BFNRZX0 0.98 600,000 588,506.46
0.40 Bond - Foreign SOAF 4.85 09/27/27 BD35XS1 0.97 600,000 582,184.75
0.40 Bond - Foreign PARGUY 4.95 04/28/31 BL6FQ07 0.96 600,000 578,278.93
0.39 Bond - Foreign QATAR 3 3/4 04/16/30 BL6BZF3 0.96 600,000 575,692.52
0.39 Bond - Foreign PERU 3.55 03/10/51 BMV33J1 0.72 800,000 574,772.33
0.39 Bond - Foreign QATAR 4.817 03/14/49 BH3JG26 0.95 600,000 571,196.04
0.39 Bond - Foreign ROMANI 4 02/14/51 BMVZ933 0.71 800,000 569,226.07
0.39 Bond - Foreign ADGB 3 1/8 09/30/49 BKPGWX9 0.71 800,000 566,706.18
0.39 Bond - Foreign NGERIA 7.696 02/23/38 BF3TZV4 0.81 700,000 566,448.00
0.39 Treasury Note T 0 3/8 11/30/25 BLH34N9 0.94 600,000 562,264.08
0.38 Bond - Foreign NGERIA 9.248 01/21/49 BGT0PS5 0.93 600,000 558,948.44
0.38 Bond - Foreign JBYCMX 2 1/2 10/14/31 BNG6XN6 0.79 700,000 554,564.79
0.38 Bond - Foreign ADNOUH 4.6 11/02/47 BD6JB75 0.92 600,000 550,357.68
0.36 Bond - Foreign GHANA 8 1/8 03/26/32 BJ1DHP4 0.52 1,000,000 522,375.00
0.36 Bond - Foreign AZERBJ 3 1/2 09/01/32 BF243X8 0.87 600,000 519,794.11
0.35 Bond - Foreign GHANA 7 3/4 04/07/29 BMTR0M7 0.52 1,000,000 516,625.00
0.35 Bond - Foreign ADGB 5 1/2 04/30/54 BRJQKD0 1.03 500,000 512,798.28
0.35 Bond - Foreign DOMREP 5.95 01/25/27 BYX80W0 1.02 500,000 509,903.32
0.35 Bond - Foreign ROMANI 3 02/14/31 BMVVYM5 0.84 600,000 506,282.97
0.35 Bond - Foreign KENINT 8 1/4 02/28/48 BF2J2B4 0.84 600,000 503,446.81
0.34 Bond - Foreign EGYPT 7 1/2 01/31/27 BD31HH6 1.01 500,000 503,252.42
0.34 Bond - Foreign REPHUN 5 1/2 06/16/34 BMZ0K20 1.00 500,000 501,230.86
0.34 Bond - Foreign CKHH 4 3/4 04/21/28 BRJQHZ1 1.00 500,000 499,846.54
0.34 Bond - Foreign MEX 2.659 05/24/31 BN8ZSV4 0.83 600,000 496,587.64
0.34 Bond - Foreign REPHUN 5 1/2 03/26/36 BQRD616 0.99 500,000 495,356.56
0.34 Bond - Foreign UKRAIN 7.253 03/15/35 BMJ17V7 0.27 1,800,000 490,500.00
0.33 Bond - Foreign KSA 2 1/4 02/02/33 BMFDCG7 0.81 600,000 487,735.78
0.33 Bond - Foreign EIGPRL 4.387 11/30/46 BMX5H71 0.81 600,000 483,153.41
0.32 Bond - Foreign TURKEY 5 3/4 05/11/47 BD3N0C8 0.78 600,000 467,561.25
0.32 Bond - Foreign TGPERU 4 1/4 04/30/28 B7ZRB45 0.97 480,000 466,786.86
0.32 Bond - Foreign PETMK 3 1/2 04/21/30 BMD2JR6 0.93 500,000 466,156.78
0.32 Bond - Foreign ECUA 2 1/2 07/31/40 BMGR2K2 0.46 1,000,000 464,311.23
0.30 Bond - Foreign PERU 2.783 01/23/31 BMGFFR4 0.87 500,000 433,499.13
0.29 Bond - Foreign INDON 5.65 01/11/53 BNNMQT4 1.05 400,000 421,012.91
0.29 Bond - Foreign SHJGOV 6 1/2 11/23/32 BMTY4N7 1.04 400,000 416,130.20
0.28 Bond - Foreign GHANA 6 3/8 02/11/27 BKT5SX4 0.52 800,000 414,200.00
0.28 Bond - Foreign COSTAR 6.55 04/03/34 BNW12W7 1.04 400,000 414,026.50
0.28 Bond - Foreign EGYPT 8.7002 03/01/49 BGSGVT7 0.82 500,000 407,507.74
0.28 Bond - Foreign NTBKKK 5 1/2 06/06/30 BSWYNQ2 1.01 400,000 403,922.98
0.27 Bond - Foreign PRXNA 4.987 01/19/52 BPCQJS1 0.80 500,000 400,847.15
0.27 Bond - Foreign URUGUA 4 3/8 01/23/31 BHXJX58 0.99 400,000 397,350.66
0.27 Bond - Foreign PANAMA 3 3/4 03/16/25 BWC9V16 0.99 400,000 396,631.42
0.27 Bond - Foreign QATAR 3.4 04/16/25 BL6BZC0 0.99 400,000 395,533.83
0.27 Bond - Foreign JORDAN 5 3/4 01/31/27 BYWVG66 0.98 400,000 393,473.41
0.27 Bond - Foreign PLNIJ 4 1/8 05/15/27 BF3W9X3 0.97 400,000 387,694.95
0.25 Bond - Foreign NGERIA 7.143 02/23/30 BF2XXP7 0.90 400,000 361,569.21
0.25 Bond - Foreign SRILAN 6 3/4 04/18/28 BFWRZN1 0.60 600,000 357,973.92
0.24 Bond - Foreign TURKEY 6 5/8 02/17/45 BJW06D5 0.89 400,000 357,163.46
0.24 Bond - Foreign SRILAN 7.55 03/28/30 BJ7PMW6 0.59 600,000 353,271.04
0.24 Bond - Foreign EIGPRL 3.545 08/31/36 BMX5H82 0.87 400,000 349,674.99
0.24 Bond - Foreign RAILBZ 4.2 01/18/32 BK9RV20 0.87 400,000 348,773.91
0.24 Bond - Foreign BRAZIL 5 5/8 02/21/47 BYM8140 0.86 400,000 343,163.43
0.23 Bond - Corporate SASOL 5 1/2 03/18/31 BNNLH09 0.85 400,000 339,432.25
0.23 Bond - Foreign PRXNA 3.832 02/08/51 BNBRK44 0.68 500,000 337,999.91
0.23 Bond - Foreign PERU 3 01/15/34 BNTYXY8 0.82 400,000 329,842.85
0.23 Bond - Foreign PHILIP 3.7 02/02/42 BYWYT99 0.82 400,000 329,638.35
0.22 Bond - Foreign REPHUN 3 1/8 09/21/51 BN6KY68 0.65 500,000 323,026.49
0.22 Bond - Foreign COLOM 3 1/8 04/15/31 BM8HHM7 0.79 400,000 317,761.75
0.21 Bond - Foreign PARGUY 5 04/15/26 BD2MDP0 0.99 314,000 312,277.19
0.21 Bond - Foreign GHANA 8.627 06/16/49 BF5L3S1 0.51 600,000 307,500.00
0.21 Bond - Foreign EGYPT 7.903 02/21/48 BYWJDR0 0.77 400,000 307,106.83
0.21 Bond - Foreign OMAN 5 5/8 01/17/28 BFWM9S9 1.02 300,000 306,922.32
0.21 Bond - Foreign COLOM 4 1/8 05/15/51 BM8M272 0.60 500,000 300,556.49
0.20 Bond - Foreign SENEGL 6 3/4 03/13/48 BF2LTP3 0.74 400,000 297,884.65
0.20 Bond - Foreign PANAMA 6.4 02/14/35 BP0XN37 0.97 300,000 292,342.34
0.19 Bond - Foreign BHRAIN 5 1/4 01/25/33 BN4N9S6 0.92 300,000 275,229.23
0.19 Bond - Foreign UKRAIN 7 3/8 09/25/34 BF226G6 0.27 1,000,000 270,000.00
0.18 Bond - Foreign ROMANI 3 5/8 03/27/32 BNGFH97 0.86 300,000 257,034.46
0.15 Bond - Foreign PHILIP 5.95 10/13/47 BPTH590 1.07 200,000 214,787.36
0.15 Bond - Foreign PERTIJ 6.45 05/30/44 BMW3NT0 1.06 200,000 212,072.56
0.14 Bond - Foreign MOROC 6 1/2 09/08/33 BQXR5C6 1.06 200,000 211,132.88
0.14 Bond - Foreign PEMEX 10 02/07/33 BQGHJ10 1.05 200,000 210,063.17
0.14 Bond - Foreign GHANA 8.95 03/26/51 BJ1DJB4 0.52 400,000 209,000.00
0.14 Bond - Foreign RAIZBZ 6.45 03/05/34 BMFF9Y0 1.04 200,000 208,392.54
0.14 Bond - Foreign DPWDU 5 1/2 09/13/33 BP5JT43 1.02 200,000 204,178.71
0.14 Bond - Foreign FRIDPT 6.2 04/14/52 BNYNMZ4 1.00 200,000 199,700.87
0.14 Bond - Foreign DPWDU 4.848 09/26/28 BFCMGH7 0.99 200,000 198,534.17
0.13 Bond - Foreign MEX 4.15 03/28/27 BF083X2 0.98 200,000 195,398.05
0.13 Bond - Foreign URUGUA 5.1 06/18/50 BNB7S17 0.97 200,000 194,766.39
0.13 Bond - Foreign TENGIZ 4 08/15/26 BDCPB11 0.97 200,000 194,218.54
0.13 Bond - Foreign PERU 2.392 01/23/26 BMGFFS5 0.96 200,000 191,850.71
0.13 Bond - Foreign DOMREP 6.4 06/05/49 BGLJW45 0.95 200,000 190,455.02
0.13 Bond - Foreign QATAR 4 5/8 06/02/46 BZ6CSL1 0.92 200,000 184,565.35
0.12 Bond - Foreign BRAZIL 3 3/4 09/12/31 BMD7M49 0.87 200,000 173,683.71
0.12 Bond - Foreign HYUELE 2 3/8 01/19/31 BMV7YQ7 0.85 200,000 169,187.27
0.12 Bond - Foreign DPWDU 4.7 09/30/49 BJLBK60 0.85 200,000 169,002.03
0.11 Bond - Foreign PKSTAN 7 3/8 04/08/31 BNDLS51 0.83 200,000 166,240.44
0.11 Bond - Foreign CHILE 3.86 06/21/47 BDT5NK7 0.80 200,000 160,928.76
0.11 Bond - Foreign EGYPT 8 7/8 05/29/50 BMQC081 0.80 200,000 160,646.57
0.11 Bond - Foreign PKSTAN 8 7/8 04/08/51 BNDRDB0 0.80 200,000 159,461.81
0.10 Bond - Foreign MOROC 4 12/15/50 BMHFZL7 0.71 200,000 142,798.00
0.10 Bond - Foreign SHJGOV 4 3/8 03/10/51 BMV3380 0.71 200,000 141,942.39
0.09 Bond - Foreign ELSALV 7.1246 01/20/50 BJBLT29 0.68 200,000 136,432.06
0.09 Bond - Foreign ECUA 6 07/31/30 BMGR2C4 0.67 200,000 134,261.55
0.09 Bond - Foreign PANAMA 4 1/2 04/01/56 BK8TZM5 0.66 200,000 132,772.28
0.08 Bond - Foreign UKRAIN 7 3/4 09/01/28 BYSRS62 0.29 400,000 117,640.00
0.06 Bond - Foreign UKRAIN 6.876 05/21/31 BNNR0J7 0.27 300,000 81,750.00
-0.04 Cash OTHER PAYABLE & RECEIVABLES 1.00 -54,928 -54,928.28
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 06/13/24

Macaulay Duration 7.5 Years
Modified Duration 7.25 Years
Yield to Maturity 6.66%
Issuer Type Breakdown
Government 70.91%
Corporate 26.36%
Other 2.73%

Source: new windowAltaVista Research, LLC

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales load. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three- year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

As of 05/31, EMBD was rated against the following numbers of Emerging Markets Bond funds over the following time periods: 226 during the last 3 years. With respect to these Emerging Markets Bond funds, EMBD received a Morningstar Rating of 4 stars. Past performance is not indicative of future results.

© 2023 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Preliminary National Association of Insurance Commissioners (NAIC) Designation refers to the NAIC Securities Valuation Office’s (SVO’s) opinion as to what NAIC Designation it believes the Fund would receive if owned by an insurance company and reported to the SVO. NAIC Designations are to be used solely by the state insurance regulators and by the insurance industry for financial solvency monitoring and not for purposes of investment decision-making.

The Securities Valuation Office of the National Association of Insurance Commissioners (NAIC) assigns credit quality designations to securities held by state-regulated insurance companies. NAIC Designations are opinions of credit quality that range from NAIC 1, being the highest quality, to NAIC 6, being the lowest quality. “P” is a valuation indicator used to classify perpetual preferred stock. NAIC designations allow ETFs to be reported as bonds or preferred stock (as appropriate) on NAIC Schedule D and are used to set Risk-Based Capital (RBC) requirements. NAIC designations only measure credit risk and do not measure other risks or factors that may affect repayment, such as volatility/interest rate, prepayment, extension or liquidity risk. Refer to official NAIC publication and guidance for official NAIC policies and definitions.

Preliminary NAIC Designations are the intellectual property of the National Association of Insurance Commissioners (NAIC) and are redistributed here under License. A Preliminary NAIC Designation is an opinion of the NAIC Securities Valuation Office (SVO) of the probable credit quality designation that would be assigned by the SVO to an investment if purchased by an insurance company and reported to the SVO. A Preliminary NAIC Designations is only one of the regulatory factors considered by the SVO as part of its analysis of probable regulatory treatment under the Regulatory Treatment Analysis Service. A full discussion of such other regulatory factors is set forth in the RTAS Letter provided to Global X. A Preliminary NAIC Designation cannot be used to report the ETF to state insurance regulators. However, the purchasing insurance company may obtain an NAIC Designation for the ETF by filing the security and final documents for the ETF with the SVO. The indication of probable regulatory treatment indicated by a Preliminary NAIC Designation is not a recommendation to purchase the ETF and is not intended to convey approval or endorsement of the ETF Sponsor or the ETF by the NAIC.

NAIC Designations are the intellectual property of the National Association of Insurance Commissioners (NAIC) and are redistributed here under License. An NAIC Designation is a proprietary symbol used by the NAIC Securities Valuation Office (SVO) to denote a category or band of credit risk (i.e., the likelihood of repayment in accordance with a written contract) for an issuer or for a security. NAIC Designations may be notched up or down to reflect the position of a specific liability in the issuer’s capital structure and/or the existence of other non-payment risk in the specific security. Under NAIC reporting rules, shares of an ETF are presumed to be reportable as common stock. The SVO may classify an ETF as a bond or preferred stock and assign it an NAIC Designation if it meets defined criteria. For a discussion of these criteria please call the SVO or refer to the Purposes and Procedures Manual of the NAIC Securities Valuation Office. The assignment of an NAIC Designation is not a recommendation to purchase the ETF and is not intended to convey approval or endorsement of the ETF Sponsor or the ETF by the NAIC.

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.

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.