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EMFM

MSCI Next Emerging & Frontier ETF

Fund Summary

The Global X MSCI Next Emerging & Frontier ETF (EMFM) provides investors broad exposure to frontier and next emerging markets, while excluding the more developed emerging markets of Brazil, Russia, India, and China (BRICs), as well as South Korea and Taiwan.

Fund Objective

The Global X MSCI Next Emerging & Frontier ETF (EMFM) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Select Emerging and Frontier Markets Access Index.

Why EMFM?

Expanded Core

EMFM seeks to improve upon traditional emerging market funds by excluding the slower-growing BRICs, South Korea, and Taiwan, while including the high growth potential of frontier markets.

Balanced Risks

EMFM balances its exposures across stocks, sectors, and regions.

Fund Details As of 07/23/21

Key Facts

Ticker EMFM
Inception Date 11/06/13
CUSIP 37950E218
ISIN US37950E2182
Bloomberg Index Ticker NU722163
Primary Exchange NYSE Arca
Number of Holdings 204

Stats & Fees

Net Assets $20,111,714
Net Asset Value (NAV) $19.53
Shares Outstanding 1,030,000
Total Expense Ratio 0.70%

Distributions

30-Day SEC Yield 2.23%
Distribution Frequency Semi-Annually
 Distribution Calendar

Fund Documents

Fund Research

Fund Prices As of 07/23/21

NAV $19.53 Daily Change -$0.10 -0.52%
Market Price $19.58 Daily Change -$0.13 -0.66%
30-Day Median Bid-Ask Spread 1.05%

Performance History

Premium Discount Chart
As of recent month & quarter-end (06/30/21)
As of recent month & quarter-end (06/30/21)
Fund NAV Market Price Index
1 Year 26.21% 26.51% 27.35%
3 Years 0.90% 1.26% 1.76%
5 Years 3.25% 2.98% 4.04%
Since Inception -0.48% -0.41% 0.26%
1 Year 26.21% 26.51% 27.35%
3 Years 0.90% 1.26% 1.76%
5 Years 3.25% 2.98% 4.04%
Since Inception -0.48% -0.41% 0.26%
Year-to-Date 5.98% 5.78% 6.41%
1 Month -0.86% -0.91% -1.31%
3 Months 4.77% 4.37% 4.95%
Since Inception -3.60% -3.09% 1.97%
Year-to-Date 5.98% 5.78% 6.41%
1 Month -0.86% -0.91% -1.31%
3 Months 4.77% 4.37% 4.95%
Since Inception -3.60% -3.09% 1.97%

The Fund name, investment objective, and investment strategies changed effective January 16, 2019. Index performance reflects the performance of the Solactive Next Emerging & Frontier Index through January 15, 2019, and the MSCI Select Emerging and Frontier Markets Access Index thereafter.

Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance of the Fund, when observed, is unusual and investors should not expect such performance to be repeated.

Fund Characteristics As of 07/23/21

Return on Equity 11.60%
Weighted Avg. Market Cap 14,394 M
2020 2021
Price-to-earnings 20.90 15.15
Price-to-book value 1.81 1.71

Source: AltaVista Research, LLC

Fund Risk Stats As of 07/23/21

Versus Beta
S&P 500 0.81
MSCI EAFE 0.93
MSCI Emg. Mkts 0.80
Standard Deviation 18.60%

Source: AltaVista Research, LLC

Sector Breakdown As of 06/30/21

% of Net Assets
Financials 29.9
Communication Services 13.4
Consumer Staples 10.7
Industrials 10.0
Real Estate 9.8
Consumer Discretionary 8.4
Materials 5.8
Utilities 5.0
Energy 4.3
Health Care 2.4
Information Technology 0.5

Source: AltaVista Research, LLC

Country Breakdown As of 06/30/21

% of Net Assets
Saudi Arabia 10.5
Thailand 9.6
Indonesia 9.5
South Africa 9.2
Vietnam 8.5
Malaysia 7.4
Mexico 5.8
Uae 5.7
Philippines 4.9
Qatar 4.1
Poland 3.7
Other/Cash 21.1

Source: AltaVista Research, LLC

Top Holdings As of 07/23/21

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
2.03 ETISALAT UH EMIRATES TELECOM GROUP CO 6322173 6.07 67,327 408,747.83
1.99 STC AB SAUDI TELECOM CO B12M7Q5 33.65 11,870 399,369.22
1.87 TLKM IJ TELKOM INDONESIA BD4T6W7 0.22 1,720,387 376,306.83
1.83 SAFCOM KN SAFARICOM PLC B2QN3J6 0.40 930,456 367,714.84
1.68 HPG VN HOA PHAT GROUP JSC B29CC15 1.99 169,755 337,931.02
1.62 MAREL IR MAREL HF 4907958 7.29 44,761 326,288.19
1.61 BBCA IJ BANK CENTRAL ASIA TBK PT B01C1P6 2.08 155,916 324,634.49
1.51 NBK KK NATIONAL BANK OF KUWAIT 6889526 2.84 106,990 303,958.96
1.51 FAB UH FIRST ABU DHABI BANK PJSC 6624471 4.44 68,394 303,505.76
1.47 VIC VN VINGROUP JSC B27Y417 4.52 65,360 295,450.95
1.41 RJHI AB AL RAJHI BANK B12LZH9 28.85 9,803 282,781.36
1.37 CPALL-R TB CP ALL PCL-NVDR B08YDH1 1.83 150,728 275,924.41
1.30 ALE PW ALLEGRO.EU SA BMBQDF6 18.81 13,856 260,600.46
1.29 SMPH PM SM PRIME HOLDINGS INC 6818843 0.66 391,103 259,932.35
1.29 SNB AB THE SAUDI NATIONAL BANK BSHYYN1 14.80 17,558 259,796.05
1.28 GFNORTEO MM GRUPO F BANORT-O 2421041 6.35 40,642 258,216.99
1.28 TLEVICPO MM GRUPO TELEV-CPO 2380108 2.77 93,037 257,483.07
1.24 FSR SJ FIRSTRAND LTD 6606996 3.63 68,894 250,269.66
1.19 ASII IJ ASTRA INTERNATIO B800MQ5 0.34 702,861 240,066.38
1.08 PBK MK PUBLIC BANK BERHAD B012W42 0.95 227,922 216,786.10
1.07 VNM VN VIET NAM DAIRY P B16GLK5 3.81 56,696 215,872.11
1.06 IQCD QD INDUSTRIES QATAR 6673570 3.63 58,510 212,120.85
1.04 BBRI IJ BANK RAKYAT INDO 6709099 0.27 779,672 208,199.46
1.03 ALI PM AYALA LAND INC 6055112 0.66 313,422 206,436.31
1.01 TNB MK TENAGA NASIONAL BHD 6904612 2.30 88,315 203,313.60
0.97 AOT-R TB AIRPORTS OF-NVDR 6741206 1.77 110,590 195,727.08
0.91 SHP SJ SHOPRITE HOLDINGS LTD 6801575 10.62 17,162 182,311.27
0.90 VHM VN VINHOMES JSC BFZBXH0 4.68 38,890 181,882.21
0.89 SM PM SM INVESTMENTS CORP B068DB9 19.19 9,320 178,881.78
0.86 GAPB MM AERO DEL PACIF-B B0ZV104 11.05 15,708 173,536.97
0.84 BDMS-R TB BANGKOK DUS-NVDR B013SV4 0.69 245,938 169,625.30
0.84 CEZ CP CEZ AS 5624030 27.17 6,242 169,580.64
0.82 MSN VN MASAN GROUP CORP B59R0P1 5.17 31,810 164,532.10
0.82 ADVANC-R TB ADVANCED IN-NVDR 6412609 5.36 30,636 164,291.80
0.77 ALDAR UH ALDAR PROPERTIES PJSC B0LX3Y2 1.05 148,976 155,743.12
0.77 HTO GA HELLENIC TELECOM 5051605 17.31 8,898 154,050.74
0.75 CLS SJ CLICKS GROUP LTD 6105578 17.82 8,425 150,173.83
0.74 NVL VN NO VA LAND INVES BYZCMP7 4.48 33,385 149,460.18
0.74 AUB KK AHLI UNITED BANK B.S.C B17M2Q5 0.78 190,235 149,179.13
0.73 DNP PW DINO POLSKA SA BD0YVN2 77.78 1,896 147,464.23
0.73 SBK SJ STANDARD BANK GROUP LTD B030GJ7 8.28 17,675 146,321.58
0.72 ASURB MM AERO DEL SURES-B 2639349 18.03 8,033 144,826.10
0.70 EMIRATES UH EMIRATES NBD PJSC B28PFX8 3.57 39,526 140,966.36
0.68 SAFCO AB SABIC AGRI-NUTRIENTS CO B1323K0 32.21 4,232 136,294.12
0.65 FUNO11 MM FIBRA UNO B671GT8 1.07 122,200 131,349.98
0.65 PKO PW PKO BANK POLSKI SA B03NGS5 9.56 13,687 130,804.84
0.65 KAP LI NAC KAZATOMPROM JSC-GDR BGXQL36 26.00 5,013 130,338.00
0.64 BVT SJ BIDVEST GROUP LTD 6100089 13.10 9,746 127,698.37
0.63 BAP CREDICORP LTD 2232878 119.15 1,056 125,822.40
0.63 BIMAS TI BIM BIRLESIK MAGAZALAR AS B0D0006 7.14 17,605 125,687.55
0.61 MRP SJ MR PRICE GROUP LTD BYXW419 14.26 8,659 123,503.95
0.59 CPI SJ CAPITEC BANK HOLDINGS LTD 6440859 108.07 1,104 119,304.75
0.59 DIGI MK DIGI.COM BHD 6086242 0.99 120,264 119,225.40
0.59 PTTEP-R TB PTT EXPLOR-NVDR B1359L2 3.28 35,854 117,652.32
0.56 ADNOCDIS UH ABU DHABI NATION BYVGM64 1.17 96,640 113,395.42
0.56 EREGL TI EREGLI B03MS97 2.09 54,115 113,310.64
0.56 PTG MK PETRONAS GAS BHD 6703972 3.70 30,591 113,056.06
0.56 FALAB CI FALABELLA SA 2771672 3.84 29,093 111,574.67
0.55 CPIN IJ CHAROEN POK INDO 6315344 0.43 255,828 109,886.44
0.54 SECO AB SAUDI ELECTRICITY CO B132NM2 6.64 16,460 109,268.18
0.54 SQUARE BD SQUARE PHARMACEU 6833802 2.64 40,971 108,289.13
0.54 BMRI IJ BANK MANDIRI 6651048 0.41 261,882 107,969.29
0.54 PEP MK PPB GROUP BERHAD 6681669 4.34 24,786 107,670.88
0.54 CIMB MK CIMB GROUP HOLDINGS BHD 6075745 1.07 100,872 107,638.17
0.53 OPAP GA OPAP SA 7107250 13.53 7,918 107,096.90
0.53 PGN PW PGNIG B0L9113 1.58 67,000 106,149.87
0.51 MCG SJ MULTICHOICE GROUP LTD BHZSKR4 8.15 12,672 103,337.23
0.51 CENCOSUD CI CENCOSUD SA B00R3L2 1.85 55,154 102,126.27
0.51 SLM SJ SANLAM LTD B0L6750 3.96 25,794 102,034.15
0.49 NRP SJ NEPI ROCKCASTLE PLC BDD7WV3 6.79 14,355 97,493.21
0.48 AXIATA MK AXIATA GROUP BERHAD B2QZGV5 0.92 106,255 97,292.52
0.48 INTUCH-R TB INTOUCH HOLDINGS PCL-NVDR 6397557 1.96 49,574 97,152.24
0.48 KIMBERA MM KIMBERLY-CLA M-A 2491914 1.64 58,756 96,228.54
0.47 CPS PW CYFROWY POLSAT SA B2QRCM4 8.49 11,115 94,421.84
0.47 MAXIS MK MAXIS BHD B5387L5 1.04 90,658 94,165.06
0.46 PZU PW PZU B63DG21 9.49 9,687 91,954.71
0.45 QFLS QD QATAR FUEL QSC 6516556 4.86 18,818 91,376.61
0.45 SNP RO OMV PETROM SA 7180411 0.10 875,169 90,045.71
0.45 YANSAB AB YANBU NATIONAL P B128CF7 18.00 4,986 89,726.47
0.45 TLV RO BANCA TRANSILVANIA SA 5393307 0.67 134,503 89,527.22
0.44 ABG SJ ABSA GROUP LTD BFX05H3 9.06 9,816 88,897.12
0.44 NESZ MK NESTLE (MALAYSIA) BERHAD 6629335 31.54 2,784 87,804.85
0.44 UNVR IJ UNILEVER INDONESIA TBK PT 6687184 0.33 264,595 87,635.40
0.44 MPHC QD MESAIEED PETROCH BK4Z0B1 0.51 169,824 87,454.00
0.44 QIBK QD QATAR ISLAMIC BANK 6713982 4.67 18,702 87,423.25
0.42 VRE VN VINCOM RETAIL JSC BZ0WW59 1.17 71,990 84,484.29
0.41 TCELL TI TURKCELL B03MYN3 1.78 46,731 83,270.27
0.41 ADCB UH ABU DHABI COMMERCIAL BANK 6545464 1.85 44,844 82,774.27
0.40 QGTS QD QATAR GAS TRANSP B0MLBC9 0.83 96,263 79,633.11
0.39 DANGCEM NL DANGOTE CEMENT PLC B4TFNR1 0.60 131,575 79,296.72
0.39 TBS SJ TIGER BRANDS LTD B0J4PP2 13.72 5,753 78,929.39
0.39 QEWS QD QATAR ELECTRICIT 6566614 4.59 16,987 77,960.11
0.39 ALMARAI AB ALMARAI CO B137VV2 15.70 4,933 77,462.40
0.38 CPN-R TB CENTRAL PATTANA PCL-NVDR B013L15 1.48 52,022 77,054.99
0.38 GULF-R TB GULF ENERGY DE-R BFN4H35 1.02 75,486 76,833.45
0.38 PGE PW PGE SA B544PW9 2.34 32,497 75,900.28
0.37 RIBL AB RIYAD BANK B12LZW4 6.92 10,777 74,558.95
0.37 TEL PM PLDT INC BDGN274 25.13 2,919 73,366.48
0.36 HAR SJ HARMONY GOLD MNG 6410562 3.92 18,648 73,148.93
0.36 TOWR IJ SARANA MENARA BCDBLX3 0.09 794,944 72,953.29
0.36 ARI SJ AFRICAN RAINBOW 6041122 18.68 3,887 72,600.24
0.36 COMI EY COMMERCIAL INTL 6243898 3.67 19,612 71,889.81
0.36 MARK QD MASRAF AL RAYAN B0VR7W0 1.21 59,195 71,534.74
0.35 KAYAN AB SAUDI KAYAN PETR B1Z8F66 5.04 13,964 70,436.13
0.34 EA-R TB ENERGY ABSOLUTE PCL-NVDR B9L4K92 1.78 38,356 68,175.50
0.34 INDF IJ INDOFOOD SUKSES 6283979 0.45 151,992 67,907.41
0.34 KLBF IJ KALBE FARMA TBK PT B7311V6 0.09 730,674 67,811.39
0.34 PEO PW BANK PEKAO SA 5473113 23.62 2,869 67,775.78
0.33 OR-R TB PTT OIL & RETA-R BN73M62 0.87 77,220 66,867.30
0.33 BDO PM BDO UNIBANK INC B5VJH76 2.10 31,866 66,859.72
0.33 CHILE CI BANCO DE CHILE 2100845 0.09 733,330 66,115.48
0.33 PINFRA* MM PROMOTORA Y OPER 2393388 7.51 8,801 66,057.46
0.33 SNG RO SOCIETATEA NATIO BFTD6K6 7.36 8,927 65,713.44
0.32 ATW MC ATTIJARIWAFA BANK BMX3JT1 49.31 1,311 64,651.45
0.32 SCGP-R TB SCG PACKAGING PCL-NVDR BMC0T59 1.94 33,152 64,213.90
0.32 HMPRO-R TB HOME PRODUCT-NVD 6418555 0.42 152,256 63,377.36
0.31 T MK TELEKOM MALAYSIA BHD 6868398 1.42 43,660 62,083.66
0.31 BRES QD BARWA REAL ESTATE CO B0YTG26 0.84 73,558 62,062.67
0.31 EEC AB ETIHAD ETISALAT CO B12LR51 8.50 7,293 62,024.23
0.31 JARIR AB JARIR MARKETING CO B128FM5 53.32 1,159 61,798.50
0.31 SMGR IJ SEMEN INDONESIA 6795236 0.60 102,720 61,663.90
0.31 VJC VN VIETJET AVIATION JSC BYP2451 4.93 12,480 61,513.10
0.30 TBIG IJ TOWER BERSAMA B4MW045 0.22 274,204 60,166.89
0.29 ENELCHIL CI ENEL CHILE SA BYMLZD6 0.05 1,067,089 58,010.78
0.28 NED SJ NEDBANK GROUP LTD 6628008 11.16 5,119 57,139.75
0.28 CASH 0.00 27,213,357 56,708.31
0.28 MAHB MK MALAYSIA AIRPORT 6188193 1.36 41,618 56,619.78
0.28 SAVOLA AB SAVOLA B133RS9 10.93 5,157 56,369.67
0.28 QLG MK QL RESOURCES BHD B00G234 1.33 42,232 56,256.04
0.28 OMU SJ OLD MUTUAL LTD BDVPYN5 0.87 64,057 55,847.62
0.27 BTS-R TB BTS GROUP HOLDIN B0H72C9 0.27 203,098 54,612.00
0.27 ARION IR ARION BANKI HF BG43JW1 1.26 43,151 54,303.76
0.27 REM SJ REMGRO LTD 6290689 7.43 7,200 53,517.34
0.27 MABANEE KK MABANEE CO KPSC B00PQY0 2.36 22,580 53,345.67
0.26 SABB AB SAUDI BRITISH BANK B12LSY7 8.09 6,554 53,030.98
0.26 TUPRS TI TUPRAS B03MYT9 10.96 4,829 52,926.73
0.26 LH-R TB LAND & HOUSES PUB - NVDR 6581941 0.24 215,036 52,268.53
0.25 PETD MK PETRONAS DAGANGAN BHD 6695938 4.44 11,526 51,160.00
0.25 DSY SJ DISCOVERY LTD 6177878 8.16 6,134 50,083.54
0.24 BSAN CI BANCO SANTANDER CHILE 2000257 0.05 1,045,704 48,855.01
0.24 VCB VN BANK FOR FOREIGN B622TR5 4.22 11,550 48,696.05
0.24 BPI PM BANK PHILIPPINE 6074968 1.72 28,144 48,369.88
0.24 ICBP IJ INDOFOOD CBP SUK B4LD3M8 0.60 80,590 48,100.98
0.23 HSBK LI HALYK SAVING-GDR B1KDG41 14.96 3,144 47,034.24
0.23 BEM-R TB BANGKOK EXPRESSWAY-NVDR BDCR9C4 0.24 196,370 46,836.45
0.23 MER PM MANILA ELECTRIC COMPANY B247XZ6 5.34 8,692 46,456.35
0.23 BSFR AB BANQUE SAUDI FRANSI B12LZT1 9.86 4,703 46,391.80
0.23 CBQK QD COMMERCIAL BANK PSQC 6150448 1.47 30,904 45,511.47
0.23 BH-R TB BUMRUNGRAD-NVDR B0166J7 3.69 12,242 45,192.65
0.22 MOUWASAT AB MOUWASAT MEDICAL B403QG4 46.12 966 44,554.11
0.22 ASELS TI ASELSAN ELEKTRONIK SANAYI B03MP41 1.69 26,352 44,524.28
0.22 CRC-R TB CENTRAL RETAIL-R BKV24W4 0.96 46,516 44,519.68
0.22 ALINMA AB ALINMA BANK B39NWT3 5.70 7,803 44,476.83
0.22 HLBK MK HONG LEONG BANK BERHAD 6436892 4.35 10,200 44,405.54
0.22 SULAIMAN AB DR SULAIMAN AL H BLGM738 42.92 1,033 44,339.49
0.22 GPSC-R TB GLOBAL POWER SYNERGY-NVDR BWX43V4 2.39 18,056 43,202.73
0.21 KOMB CP KOMERCNI BANKA AS 4519449 35.47 1,185 42,036.70
0.21 EQBNK KN EQUITY GROUP HOLDINGS PLC B0WCDV5 0.44 94,840 41,902.99
0.21 GGRM IJ GUDANG GARAM TBK PT 6366999 2.49 16,582 41,247.62
0.20 TOP-R TB THAI OIL PCL-NVDR B030K62 1.43 28,798 41,124.38
0.20 KRI MK KOSSAN RUBBER INDUSTRIES B0DD1H9 0.83 49,272 40,685.98
0.20 JKH SL JOHN KEELLS HOLDINGS PLC 6475538 0.70 57,075 39,874.04
0.20 DIB UH DUBAI ISLAMIC BANK 6283452 1.30 30,239 39,186.43
0.19 BBNI IJ BANK NEGARA INDO 6727121 0.35 110,556 38,714.62
0.19 SPL PW SANTANDER BANK POLSKA SA 7153639 62.68 602 37,735.77
0.19 GFINBURO MM GRUPO FIN INB-O 2822398 0.98 38,602 37,678.34
0.19 GARAN TI TURKIYE GARANTI BANKASI B03MYP5 0.97 38,895 37,584.98
0.19 EUROB GA EUROBANK ERGASIA BYZ43T4 0.92 40,426 37,210.39
0.18 RHBBANK MK RHB BANK BHD 6244675 1.23 29,754 36,466.51
0.18 RNI SJ REINET INVESTMENTS SCA BF52QF2 19.56 1,860 36,379.76
0.18 INTP IJ INDOCEMENT TUNGG 6454861 0.71 50,904 36,090.29
0.18 ADIB UH ABU DHABI ISLAMIC BANK 6001728 1.46 24,485 35,729.44
0.17 BCI CI BANCO CRED INVER 2069355 39.60 868 34,375.44
0.16 QIIK QD QATAR INTERNATIO 6571544 2.56 12,460 31,836.14
0.16 AKBNK TI AKBANK T.A.S. B03MN70 0.60 52,402 31,594.58
0.16 ZAINKSA AB MOBILE TELECOMMU B2QG180 3.79 8,286 31,368.79
0.16 BJC-R TB BERLI JUCKE-NVDR 6360162 1.02 30,798 31,347.76
0.15 EGCO/F TB ELEC GEN PUB-FOR 6304643 5.21 5,828 30,368.46
0.15 SAB VN SAIGON BEER ALCO BDSFBV5 6.68 4,450 29,709.22
0.15 ARBK JR ARAB BANK PLC B074509 7.40 3,978 29,456.28
0.15 GRAM BD GRAMEENPHONE LTD B453FG2 4.32 6,811 29,389.77
0.14 ALARKAN AB DAR AL ARKAN REA B2NC4X7 2.72 10,387 28,301.25
0.14 ALBI AB BANK ALBILAD B12LZP7 9.68 2,919 28,249.14
0.14 ARNB AB ARAB NATIONAL BANK B12LZK2 5.90 4,763 28,088.61
0.14 BRD RO BRD-GROUPE SOCIE B07GYB9 4.27 6,535 27,894.91
0.14 SCB-R TB SIAM COMMER-NVDR 6363172 2.89 9,544 27,548.20
0.14 RATCH-R TB RATCH GROUP PCL-NVDR 6362771 1.34 20,404 27,432.65
0.13 MBT PM METROPOLITAN BANK & TRUST 6514442 0.88 30,052 26,570.91
0.13 AOTHAIM AB ABDULLAH AL OTHA B3BQB93 31.09 831 25,832.36
0.11 MONET CP MONETA MONEY BANK AS BD3CQ16 3.93 5,810 22,836.75
0.11 BCP MC BANQUE CENTRALE POPULAIRE B01J1K2 29.76 751 22,346.71
0.10 SHB VN SHB BANK B3V86Y9 1.15 18,000 20,654.58
0.10 BUPA AB BUPA ARABIA B2RLCR0 35.78 541 19,355.94
0.09 BJAZ AB BANK AL-JAZIRA B12LZQ8 5.16 3,607 18,598.04
0.09 KTC-R TB KRUNGTHAI CARD PCL-NVDR 6561330 1.96 9,384 18,390.22
0.09 BBL-R TB BANGKOK BAN-NVDR 6368360 3.16 5,720 18,074.59
0.08 SAWAD-R TB SRISAWAD CORP PCL-NVDR BMHS7D2 2.07 7,754 16,079.32
0.08 GTCO NL GUARANTY TRUST H BLR9K51 0.07 216,406 15,566.51
0.07 ZENITHBA NL ZENITH BANK PLC B01CKG0 0.06 230,376 13,912.14
0.04 BRAC BD BRAC BANK LTD B1QS725 0.60 14,303 8,573.36
0.04 BTS GROUP HOLDINGS - WNT B0H72CW 0.18 40,620 7,466.80
0.02 EGCO-R TB ELECTRICITY-NVDR 6368553 5.21 900 4,689.71
0.01 BTS GROUP HOLDINGS - WNT B0H72CW 0.09 20,310 1,882.13
0.00 BTS GROUP HOLDINGS - WNT B0H72CW 0.03 10,155 323.97
0.00 HDB VN HDBANK BYX3359 1.41 7 9.84
Holdings are subject to change.


Investing involves risk, including the possible loss of principal. Investments in smaller companies typically exhibit higher volatility. International investing may involve risk of capital loss from unfavorable fluctuations 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. Frontier markets generally have less developed capital markets than traditional emerging market countries, and, consequently, the risks of investing in foreign securities are magnified in such countries. These countries are subject to potentially significant political, social and economic instability, which could materially and adversely affect the companies in which the Fund may invest.

EMFM invests in securities and markets that are susceptible to fluctuations in certain commodity markets. Commodities represent a significant portion of the Latin American and Middle Eastern economies. Any negative changes in commodity markets could have a great impact on these economies. Unlike most exchange-traded funds, EMFM intends to effect all creations and redemptions partially for cash, rather than in-kind securities. As a result, an investment in EMFM may be less tax-efficient than an investment in a more conventional ETF.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Beginning July 14, 2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share. Prior to July 14, 2020, market price returns were based on the midpoint between the Bid and Ask price. Market price returns. NAVs are calculated using prices as of (4:00 PM Eastern Time). The returns shown do not represent the returns you would receive if you traded shares at other times. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by MSCI, nor does MSCI 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 MSCI.