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 9/23/20

Key Facts

Ticker EMFM
Inception Date 11/6/13
CUSIP 37950E218
ISIN US37950E2182
Bloomberg Index Ticker NU722163
Primary Exchange NYSE Arca
Number of Holdings 196

Stats & Fees

Net Assets $14,019,516
NAV $16.49
Shares Outstanding 850,000
Total Expense Ratio 0.66%

Distributions

30-Day SEC Yield 4.82%
Distribution Frequency Semi-Annually

Fund Prices As of 9/23/20

NAV Price 30-Day Median Bid-Ask Spread
Net Asset Value $16.49 Closing Price $16.41 0.95%
Daily Change -$0.08 -0.49% Daily Change -$0.30 -1.77%  

Performance History

Cumulative %

Data as of month-end (8/31/20)

Fund NAV Closing Price Index
Year-to-Date -16.03% -16.09% -15.57%
1 Month 2.56% 2.87% 2.62%
3 Months 5.98% 6.55% 6.45%
6 Months -4.52% -3.11% -4.13%
Since Inception -21.13% -20.91% -17.19%

Avg Annualized %

Data as of month-end (8/31/20)

Fund NAV Closing Price Index
1 Year -13.42% -13.39% -12.67%
3 Years -7.53% -7.44% -6.84%
5 Years 0.20% 0.33% 0.94%
Since Inception -3.42% -3.38% -2.73%

Avg Annualized %

Data as of quarter-end (6/30/20)

Fund NAV Closing Price Index
1 Year -20.30% -20.38% -19.60%
3 Years -6.26% -6.02% -5.57%
5 Years -3.24% -3.15% -2.52%
Since Inception -3.97% -3.93% -3.29%

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.

Fund Characteristics As of 9/23/20

Return on Equity 8.90%
Weighted Avg. Market Cap 13,546 M
2019 2020
Price-to-earnings 13.12 16.66
Price-to-book value 1.51 1.45

Source: AltaVista Research, LLC

Fund Risk Stats As of 9/23/20

Versus Beta
S&P 500 0.77
MSCI EAFE 0.98
MSCI Emg. Mkts 0.78
Standard Deviation 17.90%

Source: AltaVista Research, LLC

Sector Breakdown As of 8/31/20

% of Net Assets
Financials 30.7
Communication Services 17.6
Consumer Staples 12.8
Industrials 8.7
Real Estate 8.1
Energy 5.7
Utilities 5.2
Materials 4.2
Consumer Discretionary 3.7
Health Care 2.2
Information Technology 0.4
Other/Cash 0.7

Source: AltaVista Research, LLC

Country Breakdown As of 8/31/20

% of Net Assets
Indonesia 11.2
Saudi Arabia 9.9
Thailand 9.0
Kuwait 7.7
Vietnam 7.5
Malaysia 7.3
Mexico 6.4
South Africa 5.5
Uae 4.7
Philippines 4.5
Qatar 4.5
Other/Cash 21.8

Source: AltaVista Research, LLC

Top 10 Holdings As of 9/23/20

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
2.20 NBK KK NATIONAL BANK OF KUWAIT 6889526 2.94 105,202 308,771.13
2.19 ARAMCO AB SAUDI ARABIAN OIL CO BJTM270 9.77 31,475 307,550.06
2.12 NPN SJ NASPERS LTD-N SHS 6622691 178.70 1,666 297,713.75
2.02 ZAIN KK MOBILE TELECOMMU 6600084 1.91 148,340 283,797.71
1.84 STC AB SAUDI TELECOM CO B12M7Q5 26.82 9,603 257,561.53
1.80 WALMEX* MM WALMART DE MEXIC BW1YVH8 2.29 110,011 252,073.88
1.75 VIC VN VINGROUP JSC B27Y417 4.08 60,330 245,920.93
1.73 VNM VN VIET NAM DAIRY P B16GLK5 5.57 43,480 242,316.18
1.69 SAFCOM KN SAFARICOM PLC B2QN3J6 0.28 857,600 237,343.17
1.61 KFH KK KUWAIT FINANCE HOUSE 6503138 2.27 99,716 225,931.78
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. Global X NAVs are calculated using prices as of 4:00 PM Eastern Time. The closing price is the Mid-Point between the Bid and Ask price as of the close of exchange. Closing price returns 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.