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 02/27/24

Inception Date 06/01/20
Total Expense Ratio 0.39%
Net Assets $135.01 million
NAV $22.13
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 02/27/24

Ticker EMBD
Bloomberg IOPV Ticker EMBDIV
CUSIP 37954Y350
ISIN US37954Y3505
Primary Exchange NYSE Arca
Shares Outstanding 6,100,000
Number of Holdings 199
30-Day Median Bid-Ask Spread 0.32%
NAIC Designation Preliminary 3.C as of 03/31/23

Distributions As of 02/27/24

30-Day SEC Yield 6.17%
12-Month Trailing Yield 5.53%
Distribution Yield 5.35%
Distribution Frequency Monthly

ETF Prices As of 02/27/24

NAV $22.13 Daily Change -$0.05 -0.23%
Market Price $22.10 Daily Change -$0.02 -0.09%

Performance History

As of recent
(12/31/23)
As of recent
(12/31/23)
Fund NAV Market Price Benchmark
1 Year 10.03% 10.60% 10.81%
3 Years -2.16% -2.20% -3.96%
Since Inception 1.89% 2.01% -0.24%
1 Year 5.68% 4.61% 5.95%
3 Years -2.14% -2.21% -3.92%
Since Inception 1.61% 1.57% -0.57%
Year-to-Date 10.03% 10.60% 10.81%
1 Month 4.63% 4.60% 4.99%
3 Months 8.83% 10.20% 9.69%
Since Inception 6.95% 7.38% -0.84%
Year-to-Date -0.85% -1.38% -1.23%
1 Month -0.85% -1.38% -1.23%
3 Months 9.14% 8.77% 9.94%
Since Inception 6.04% 5.90% -2.07%

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 02/27/24

Net Assets (%) Security Type Name SEDOL Market Price ($) Shares Held Market Value ($)
3.19 Cash CASH 1.00 4,309,380 4,309,380.20
1.59 Bond - Foreign POLAND 5 1/2 04/04/53 BN7B125 1.02 2,100,000 2,147,137.18
1.57 Bond - Foreign PERU 8 3/4 11/21/33 2172833 1.25 1,700,000 2,119,559.88
1.28 Bond - Foreign ESKOM 6.35 08/10/28 BF2F610 0.96 1,800,000 1,724,966.21
1.22 Bond - Foreign SOAF 4.85 09/30/29 BKRQ5R2 0.92 1,800,000 1,647,455.63
1.18 Bond - Foreign REPHUN 6 1/4 09/22/32 BPXYFH5 1.06 1,500,000 1,586,202.79
1.10 Treasury Note T 0 3/8 11/30/25 BLH34N9 0.93 1,600,000 1,483,866.81
1.10 Bond - Foreign ECUA 3 1/2 07/31/35 BMGR2G8 0.46 3,200,000 1,480,486.47
1.00 Bond - Foreign ICLIT 6 3/8 05/31/38 BF3SP44 0.96 1,400,000 1,343,086.50
0.97 Bond - Foreign OMAN 5 5/8 01/17/28 BFWM9S9 1.01 1,300,000 1,309,158.39
0.96 Bond - Foreign ROMANI 3 02/27/27 BNGFD66 0.93 1,400,000 1,299,192.77
0.96 Bond - Foreign GCCAMM 3.614 04/20/32 BNZHZN4 0.86 1,500,000 1,291,653.87
0.93 Mutual Fund GLOBAL X 1-3 MONTH T-BILL BNBPYF7 25.11 50,000 1,255,500.00
0.93 Bond - Foreign PETMK 4.55 04/21/50 BMD2JQ5 0.90 1,400,000 1,255,341.32
0.93 Bond - Foreign MOROC 2 3/8 12/15/27 BMHCD58 0.89 1,400,000 1,249,393.72
0.93 Bond - Foreign IVYCST 6 1/8 06/15/33 BYW5KQ6 0.89 1,400,000 1,248,658.54
0.92 Bond - Foreign REPHUN 6 1/8 05/22/28 BNNT8Q6 1.04 1,200,000 1,243,892.71
0.92 Bond - Foreign OMAN 6 1/4 01/25/31 BMXYFP2 1.03 1,200,000 1,236,279.21
0.90 Bond - Foreign COSTAR 6 1/8 02/19/31 BJLPZ01 1.01 1,200,000 1,214,979.23
0.89 Treasury Note T 2 1/2 04/30/24 BQ2GVK4 1.00 1,200,000 1,204,019.40
0.89 Bond - Foreign KSA 3 3/4 01/21/55 BKVBFR3 0.71 1,700,000 1,203,223.57
0.87 Bond - Foreign ADGB 2 1/2 04/16/25 BLGVN48 0.98 1,200,000 1,173,947.54
0.85 Bond - Foreign BRAZIL 4 1/2 05/30/29 BJ6R944 0.96 1,200,000 1,148,204.57
0.83 Bond - Foreign ARGENT 3 5/8 07/09/35 BNC1788 0.36 3,100,000 1,126,268.24
0.83 Bond - Foreign PEMEX 6.84 01/23/30 BMBTPL5 0.87 1,300,000 1,125,506.39
0.83 Bond - Corporate JPM 1.578 04/22/27 BKVKLQ1 0.93 1,200,000 1,114,927.96
0.81 Bond - Foreign ANGOL 8 3/4 04/14/32 BP2R4G7 0.92 1,200,000 1,098,586.23
0.81 Bond - Foreign CDEL 5.95 01/08/34 BNT9DH6 1.00 1,100,000 1,096,055.34
0.81 Bond - Foreign DOMREP 4 1/2 01/30/30 BJV2X64 0.91 1,200,000 1,089,490.55
0.81 Bond - Foreign EGYPT 5 7/8 02/16/31 BLH1TJ4 0.78 1,400,000 1,088,133.50
0.81 Bond - Foreign DOMREP 4 7/8 09/23/32 BJP84G5 0.91 1,200,000 1,087,566.42
0.78 Bond - Foreign IDASAL 6.53 11/15/28 BFMVHJ3 1.05 1,000,000 1,048,831.78
0.76 Bond - Foreign COLOM 5.2 05/15/49 BGC21T1 0.74 1,400,000 1,029,083.74
0.76 Bond - Foreign MEX 6.35 02/09/35 BNM9D06 1.03 1,000,000 1,026,464.33
0.76 Bond - Foreign CCUCI 3.35 01/19/32 BMVFJF5 0.85 1,200,000 1,024,528.02
0.75 Bond - Foreign OMAN 5 3/8 03/08/27 BF04YK4 1.02 1,000,000 1,016,883.68
0.75 Bond - Foreign BRAZIL 6 10/20/33 BN6QD25 1.01 1,000,000 1,008,873.96
0.74 Bond - Foreign EGYPT 7 5/8 05/29/32 BMHWV98 0.84 1,200,000 1,003,340.24
0.74 Bond - Foreign BGOSK 5 3/8 05/22/33 BNC3K29 1.00 1,000,000 1,002,648.12
0.74 Bond - Foreign DOMREP 6 07/19/28 BF2WX32 1.00 1,000,000 1,000,658.24
0.74 Treasury Note T 3 07/31/24 BQ7Y9Q5 0.99 1,000,000 992,897.92
0.73 Bond - Foreign ADGB 2 1/8 09/30/24 BKPGWV7 0.99 1,000,000 988,336.88
0.73 Bond - Corporate JPM 3.96 01/29/27 BHQTTL3 0.98 1,000,000 979,162.34
0.72 Bond - Foreign TURKEY 4 1/4 04/14/26 BVYNZS4 0.97 1,000,000 972,766.53
0.71 Bond - Foreign MEX 4 3/4 04/27/32 BMXPS56 0.95 1,000,000 953,411.79
0.70 Bond - Foreign ENAPCL 3 3/4 08/05/26 BD1F1C3 0.95 1,000,000 950,847.93
0.70 Bond - Foreign COLOM 3 7/8 04/25/27 BYX7RT3 0.95 1,000,000 950,779.51
0.70 Treasury Bond T 4 1/8 08/15/53 BRT3QH7 0.95 1,000,000 947,367.79
0.70 Bond - Foreign CDEL 3 5/8 08/01/27 BD09JJ9 0.94 1,000,000 941,902.54
0.70 Bond - Foreign PEMEX 5.95 01/28/31 BLNBRW7 0.78 1,200,000 939,408.20
0.69 Bond - Foreign CHILE 4 01/31/52 BNSMDK9 0.78 1,200,000 937,505.50
0.69 Bond - Foreign KZOKZ 6 3/8 10/24/48 BFM6YV9 0.93 1,000,000 931,245.21
0.68 Bond - Foreign TURKEY 5 1/4 03/13/30 BKLJ975 0.92 1,000,000 919,375.00
0.68 Bond - Foreign SOAF 4.3 10/12/28 BYYHFB0 0.91 1,000,000 913,781.76
0.67 Bond - Foreign ARGENT 4 1/4 01/09/38 BNC1841 0.41 2,200,000 904,177.25
0.66 Bond - Foreign PHILIP 6 3/8 10/23/34 B55JJ76 1.12 800,000 896,986.11
0.66 Bond - Foreign SOAF 7.3 04/20/52 BMB0723 0.89 1,000,000 888,777.01
0.66 Bond - Foreign QATAR 4.4 04/16/50 BL6KL96 0.89 1,000,000 886,313.73
0.66 Bond - Foreign PEMEX 6 1/2 01/23/29 BHNZPJ4 0.88 1,000,000 884,241.14
0.63 Bond - Foreign ECUA 2 1/2 07/31/40 BMGR2K2 0.42 2,000,000 843,983.52
0.62 Bond - Foreign BIMBOA 6.05 01/15/29 BRBRPY7 1.05 800,000 840,797.96
0.62 Bond - Foreign ECOPET 5 7/8 05/28/45 BMQXLW5 0.75 1,100,000 829,955.38
0.62 Bond - Foreign DPWDU 4.7 09/30/49 BJLBK60 0.83 1,000,000 829,627.06
0.60 Bond - Foreign OMAN 6 08/01/29 BHNV376 1.02 800,000 813,639.51
0.59 Bond - Corporate BAC 4.948 07/22/28 BNDK8X6 1.00 800,000 796,140.94
0.59 Bond - Foreign EGYPT 8.7002 03/01/49 BGSGVT7 0.79 1,000,000 792,061.98
0.59 Bond - Foreign INDON 4.55 01/11/28 BNNSSB8 0.99 800,000 790,796.02
0.58 Bond - Foreign EGYPT 8 7/8 05/29/50 BMQC081 0.78 1,000,000 779,191.32
0.58 Bond - Foreign ARGENT 3 1/2 07/09/41 BNC1852 0.35 2,200,000 776,371.48
0.57 Bond - Foreign INTLWT 5.95 12/15/39 BF19226 0.98 792,720 774,769.01
0.57 Bond - Foreign ADGB 3 1/8 10/11/27 BF0M765 0.96 800,000 766,853.55
0.57 Bond - Foreign PEMEX 7.69 01/23/50 BMYVTL6 0.70 1,100,000 766,575.87
0.56 Bond - Foreign EXIMBK 3 7/8 02/01/28 BYW9648 0.95 800,000 761,167.76
0.56 Bond - Foreign SILAMX 5 3/8 04/04/32 BQ71VH1 0.95 800,000 756,669.13
0.56 Bond - Foreign ARAMCO 3 1/2 04/16/29 BK0MP44 0.94 800,000 752,404.37
0.55 Bond - Foreign CHILE 3.24 02/06/28 BFYTTF5 0.93 800,000 747,487.38
0.55 Bond - Foreign PANAMA 3 7/8 03/17/28 BYSXF47 0.92 800,000 736,649.15
0.55 Bond - Foreign SOAF 5 7/8 04/20/32 BMB0734 0.92 800,000 735,878.82
0.54 Bond - Foreign SERBIA 6 1/2 09/26/33 BPTJVP4 1.04 700,000 727,235.00
0.53 Bond - Foreign DPWDU 5 1/2 09/13/33 BP5JT43 1.03 700,000 719,208.31
0.52 Bond - Foreign COLOM 3 1/4 04/22/32 BN7N9J4 0.78 900,000 699,932.25
0.52 Bond - Foreign BNCE 2.72 08/11/31 BMYXTZ6 0.87 800,000 694,688.36
0.51 Bond - Foreign OMAN 4 3/4 06/15/26 BZB1G08 0.99 700,000 692,029.37
0.51 Bond - Foreign KSA 4 3/8 04/16/29 BHN6649 0.99 700,000 690,379.78
0.50 Bond - Foreign PTTGC 2.98 03/18/31 BNNHLV6 0.85 800,000 677,781.38
0.50 Bond - Foreign GGBRBZ 7 1/4 04/16/44 BLMZ548 1.11 600,000 667,673.71
0.49 Bond - Foreign ORBIA 2 7/8 05/11/31 BMBVMW1 0.82 800,000 656,972.95
0.48 Bond - Foreign REPHUN 6 3/4 09/25/52 BPXYFD1 1.09 600,000 651,218.41
0.47 Bond - Foreign VALEBZ 3 3/4 07/08/30 BMVPRC8 0.91 700,000 636,648.57
0.47 Bond - Foreign NGERIA 7 5/8 11/28/47 BF2RBB1 0.80 800,000 636,033.16
0.47 Bond - Foreign REPHUN 3 1/8 09/21/51 BN6KY68 0.63 1,000,000 633,922.12
0.47 Bond - Foreign REPHUN 2 1/8 09/22/31 BNZJFF2 0.79 800,000 630,854.93
0.46 Bond - Foreign SGCAZE 6 7/8 03/24/26 BD05CV0 1.04 600,000 623,564.59
0.46 Bond - Foreign SOAF 5 7/8 09/16/25 BDS54C7 1.02 600,000 614,289.05
0.45 Bond - Foreign SENEGL 6 3/4 03/13/48 BF2LTP3 0.76 800,000 605,070.50
0.44 Bond - Foreign PERU 5 5/8 11/18/50 B63ZT39 1.00 600,000 599,477.40
0.44 Bond - Foreign MEX 4.4 02/12/52 BNSP0K7 0.75 800,000 599,441.08
0.44 Bond - Foreign PETMK 3 1/2 03/18/25 BWCH433 0.99 600,000 596,417.54
0.44 Bond - Foreign ROMANI 5 1/4 11/25/27 BMBN001 0.99 600,000 596,067.69
0.44 Bond - Foreign TURKEY 6 1/8 10/24/28 BFZYKC3 0.99 600,000 593,963.31
0.44 Bond - Foreign KSA 4 1/2 04/17/30 BFNRZX0 0.99 600,000 591,731.02
0.43 Bond - Foreign TURKEY 4 3/4 01/26/26 BMDJ3V9 0.98 600,000 585,394.09
0.43 Bond - Foreign PARGUY 4.95 04/28/31 BL6FQ07 0.97 600,000 582,462.30
0.43 Bond - Foreign PERU 3.55 03/10/51 BMV33J1 0.72 800,000 579,939.28
0.42 Bond - Foreign QATAR 4.817 03/14/49 BH3JG26 0.94 600,000 566,767.38
0.42 Bond - Foreign DOMREP 6.4 06/05/49 BGLJW45 0.94 600,000 565,522.95
0.42 Bond - Foreign NGERIA 7.696 02/23/38 BF3TZV4 0.81 700,000 565,228.00
0.42 Bond - Foreign ADGB 3 1/8 09/30/49 BKPGWX9 0.70 800,000 562,439.56
0.41 Bond - Foreign COLOM 4 1/2 03/15/29 BGV7K78 0.93 600,000 557,659.42
0.41 Bond - Foreign NGERIA 9.248 01/21/49 BGT0PS5 0.92 600,000 551,461.54
0.41 Bond - Foreign ROMANI 4 02/14/51 BMVZ933 0.69 800,000 551,318.68
0.40 Bond - Foreign PTTGC 5.2 03/30/52 BPSNPD3 0.89 600,000 532,688.68
0.39 Bond - Foreign CDEL 3 09/30/29 BKPGX25 0.89 600,000 532,187.22
0.38 Bond - Foreign DOMREP 7.05 02/03/31 BQXTZM2 1.03 500,000 517,267.86
0.38 Bond - Foreign AZERBJ 3 1/2 09/01/32 BF243X8 0.86 600,000 515,942.39
0.38 Bond - Foreign PANAMA 7 1/2 03/01/31 BSNTYN0 1.02 500,000 508,924.05
0.37 Bond - Foreign CKHH 4 3/4 04/21/28 BRJQHZ1 1.00 500,000 502,354.36
0.37 Bond - Foreign BRAZIL 7 1/8 05/13/54 BMH2J83 1.00 500,000 502,267.87
0.37 Bond - Foreign DOMREP 5.95 01/25/27 BYX80W0 1.00 500,000 500,085.58
0.37 Bond - Foreign ROMANI 3 02/14/31 BMVVYM5 0.83 600,000 498,561.76
0.37 Bond - Foreign MEX 6.4 05/07/54 BQB5NN9 0.99 500,000 493,084.06
0.36 Bond - Foreign KENINT 8 1/4 02/28/48 BF2J2B4 0.82 600,000 490,731.99
0.36 Bond - Foreign REPHUN 5 1/2 06/16/34 BMZ0K20 0.98 500,000 490,424.25
0.36 Bond - Foreign TENGIZ 3 1/4 08/15/30 BLCBBX7 0.82 600,000 490,142.40
0.35 Bond - Foreign KSA 2 1/4 02/02/33 BMFDCG7 0.80 600,000 477,725.37
0.35 Bond - Foreign EIGPRL 4.387 11/30/46 BMX5H71 0.79 600,000 474,411.00
0.34 Bond - Foreign PETMK 3 1/2 04/21/30 BMD2JR6 0.93 500,000 462,513.85
0.34 Bond - Foreign TURKEY 5 3/4 05/11/47 BD3N0C8 0.76 600,000 457,497.82
0.33 Bond - Foreign OCPMR 5 1/8 06/23/51 BKMGKM7 0.75 600,000 448,609.11
0.33 Bond - Foreign PANAMA 3.87 07/23/60 BJVN8G2 0.56 800,000 447,837.29
0.33 Bond - Foreign FRIDPT 5.315 04/14/32 BNYNN06 0.99 450,000 443,777.65
0.32 Bond - Foreign CHILE 3 1/2 01/25/50 BKKGS47 0.72 600,000 433,321.29
0.32 Bond - Foreign GHANA 8 1/8 03/26/32 BJ1DHP4 0.43 1,000,000 428,112.00
0.32 Bond - Foreign PERU 2.783 01/23/31 BMGFFR4 0.85 500,000 425,324.03
0.31 Bond - Foreign COSTAR 6.55 04/03/34 BNW12W7 1.05 400,000 419,869.40
0.31 Bond - Foreign SHJGOV 6 1/2 11/23/32 BMTY4N7 1.05 400,000 418,000.00
0.31 Bond - Foreign INDON 5.65 01/11/53 BNNMQT4 1.04 400,000 414,690.91
0.30 Bond - Foreign PHILIP 5 1/2 01/17/48 BQBFM09 1.02 400,000 406,850.14
0.30 Bond - Foreign ARAMCO 2 7/8 04/16/24 BK0MNZ1 1.01 400,000 402,473.22
0.29 Bond - Foreign QATAR 3.4 04/16/25 BL6BZC0 0.99 400,000 397,053.55
0.29 Bond - Foreign PANAMA 3 3/4 03/16/25 BWC9V16 0.99 400,000 396,238.35
0.29 Bond - Foreign JBYCMX 2 1/2 10/14/31 BNG6XN6 0.79 500,000 395,338.11
0.29 Bond - Foreign TGPERU 4 1/4 04/30/28 B7ZRB45 0.99 400,000 395,171.27
0.29 Bond - Foreign URUGUA 4 3/8 01/23/31 BHXJX58 0.98 400,000 390,775.35
0.29 Bond - Foreign PLNIJ 4 1/8 05/15/27 BF3W9X3 0.97 400,000 388,278.02
0.29 Bond - Foreign SOAF 4.85 09/27/27 BD35XS1 0.97 400,000 388,260.37
0.29 Bond - Foreign QATAR 3 3/4 04/16/30 BL6BZF3 0.97 400,000 387,373.77
0.29 Bond - Foreign JORDAN 5 3/4 01/31/27 BYWVG66 0.96 400,000 385,296.42
0.27 Bond - Foreign PRXNA 4.987 01/19/52 BPCQJS1 0.74 500,000 368,068.36
0.27 Bond - Foreign TOPTB 5 3/8 11/20/48 BG0M201 0.92 400,000 366,357.66
0.27 Bond - Foreign ADNOUH 4.6 11/02/47 BD6JB75 0.90 400,000 359,315.47
0.26 Bond - Foreign EGYPT 5.8 09/30/27 BMGCCJ6 0.89 400,000 357,086.86
0.26 Bond - Foreign EIGPRL 3.545 08/31/36 BMX5H82 0.87 400,000 346,010.00
0.25 Bond - Corporate SASOL 5 1/2 03/18/31 BNNLH09 0.85 400,000 341,757.10
0.25 Bond - Foreign BRAZIL 5 5/8 02/21/47 BYM8140 0.85 400,000 340,039.96
0.25 Bond - Foreign TURKEY 6 5/8 02/17/45 BJW06D5 0.84 400,000 337,873.63
0.25 Bond - Foreign MEX 2.659 05/24/31 BN8ZSV4 0.83 400,000 333,178.69
0.24 Bond - Foreign PERU 3 01/15/34 BNTYXY8 0.81 400,000 325,570.04
0.24 Bond - Foreign PHILIP 3.7 02/02/42 BYWYT99 0.81 400,000 325,036.96
0.24 Bond - Foreign SRILAN 6 3/4 04/18/28 BFWRZN1 0.54 600,000 322,187.89
0.24 Bond - Foreign SRILAN 7.55 03/28/30 BJ7PMW6 0.53 600,000 319,508.90
0.24 Bond - Foreign COLOM 3 1/8 04/15/31 BM8HHM7 0.80 400,000 319,329.97
0.23 Bond - Foreign PARGUY 5 04/15/26 BD2MDP0 1.01 314,000 315,724.25
0.23 Bond - Foreign COLOM 4 1/8 05/15/51 BM8M272 0.62 500,000 311,733.49
0.23 Bond - Foreign PRXNA 3.832 02/08/51 BNBRK44 0.61 500,000 306,197.89
0.23 Bond - Corporate SCCO 5 7/8 04/23/45 BWXV3J3 1.02 300,000 306,137.93
0.22 Bond - Foreign UKRAIN 7.253 03/15/35 BMJ17V7 0.24 1,200,000 290,812.80
0.21 Bond - Foreign EGYPT 7.903 02/21/48 BYWJDR0 0.71 400,000 285,073.97
0.21 Bond - Foreign PANAMA 6.4 02/14/35 BP0XN37 0.92 300,000 277,315.84
0.20 Bond - Foreign BHRAIN 5 1/4 01/25/33 BN4N9S6 0.88 300,000 263,699.42
0.19 Bond - Foreign GHANA 8.627 06/16/49 BF5L3S1 0.42 600,000 252,924.00
0.18 Bond - Foreign UKRAIN 7 3/8 09/25/34 BF226G6 0.24 1,000,000 242,200.00
0.18 Bond - Foreign ECUA 6 07/31/30 BMGR2C4 0.60 400,000 238,953.41
0.16 Bond - Foreign PHILIP 5.95 10/13/47 BPTH590 1.09 200,000 217,525.45
0.16 Bond - Foreign PERTIJ 6.45 05/30/44 BMW3NT0 1.06 200,000 211,468.13
0.16 Bond - Foreign MOROC 6 1/2 09/08/33 BQXR5C6 1.05 200,000 210,964.29
0.15 Bond - Foreign BHRAIN 6 3/4 09/20/29 BFB5LX8 1.03 200,000 205,510.24
0.15 Bond - Foreign DPWDU 4.848 09/26/28 BFCMGH7 1.00 200,000 200,405.43
0.15 Bond - Foreign MEX 4.15 03/28/27 BF083X2 0.99 200,000 198,046.57
0.15 Bond - Foreign KUWIB 3 1/2 03/20/27 BF1TGW4 0.98 200,000 196,743.38
0.15 Bond - Foreign FRIDPT 6.2 04/14/52 BNYNMZ4 0.98 200,000 196,378.77
0.15 Bond - Foreign PEMEX 10 02/07/33 BQGHJ10 0.98 200,000 195,306.83
0.14 Bond - Foreign URUGUA 5.1 06/18/50 BNB7S17 0.97 200,000 193,410.42
0.14 Bond - Foreign PERU 2.392 01/23/26 BMGFFS5 0.95 200,000 189,468.04
0.14 Bond - Foreign TENGIZ 4 08/15/26 BDCPB11 0.94 200,000 187,418.89
0.14 Bond - Foreign QATAR 4 5/8 06/02/46 BZ6CSL1 0.92 200,000 184,249.32
0.13 Bond - Foreign NGERIA 7.143 02/23/30 BF2XXP7 0.89 200,000 177,479.48
0.13 Bond - Foreign BRAZIL 3 3/4 09/12/31 BMD7M49 0.89 200,000 177,195.39
0.13 Bond - Foreign ROMANI 3 5/8 03/27/32 BNGFH97 0.86 200,000 171,993.49
0.13 Bond - Foreign GHANA 8.95 03/26/51 BJ1DJB4 0.43 400,000 170,560.00
0.12 Bond - Foreign RAILBZ 4.2 01/18/32 BK9RV20 0.84 200,000 167,269.23
0.12 Bond - Foreign HYUELE 2 3/8 01/19/31 BMV7YQ7 0.82 200,000 164,336.03
0.12 Bond - Foreign CHILE 3.86 06/21/47 BDT5NK7 0.79 200,000 157,000.04
0.11 Bond - Foreign PKSTAN 7 3/8 04/08/31 BNDLS51 0.72 200,000 144,647.28
0.10 Bond - Foreign SHJGOV 4 3/8 03/10/51 BMV3380 0.70 200,000 140,069.71
0.10 Bond - Foreign PKSTAN 8 7/8 04/08/51 BNDRDB0 0.69 200,000 137,061.44
0.10 Bond - Foreign MOROC 4 12/15/50 BMHFZL7 0.68 200,000 136,499.20
0.10 Bond - Foreign ELSALV 7.1246 01/20/50 BJBLT29 0.68 200,000 135,043.34
0.10 Bond - Foreign PANAMA 4 1/2 04/01/56 BK8TZM5 0.65 200,000 130,137.12
0.08 Bond - Foreign UKRAIN 7 3/4 09/01/28 BYSRS62 0.26 400,000 105,272.00
-0.40 Cash OTHER PAYABLE & RECEIVABLES 1.00 -543,281 -543,280.84
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 02/27/24

Macaulay Duration 7.5 Years
Modified Duration 7.25 Years
Yield to Maturity 6.88%
Issuer Type Breakdown
Government 67.02%
Corporate 27.78%
Other 5.20%

Source: new windowAltaVista Research, LLC

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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. 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.