EMFM


MSCI Next Emerging & Frontier ETF

Morningstar Rating™ - Overall rating out of 732 Diversified Emerging Markets funds, based on risk-adjusted returns as of 10/31/2022

Reasons to Consider EMFM

High Growth Potential

EMFM seeks to improve upon traditional emerging market (EM) funds by excluding the slower-growing, developed EMs of Brazil, Russia, India, China, South Korea and Taiwan, while including higher growth potential frontier markets.

Broad Geographic Exposure

In a single trade, EMFM offers access to 200+ securities from more than two dozen emerging and frontier market countries.1

Multi-Sector Approach

In addition to balancing geographic exposure, EMFM tracks an index that caps sector concentration at 30%, ensuring stocks are selected from a range of industries.

1Holdings are subject to change. Refer to the EMFM index methodology summary for more details.

Key Information As of 12/01/22

Inception Date 11/06/13
Total Expense Ratio 0.63%
Net Assets $20.46 million
NAV $18.95
Fact Sheet

ETF 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.

ETF 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.

Trading Details As of 12/01/22

Ticker EMFM
Bloomberg Index Ticker NU722163
CUSIP 37950E218
ISIN US37950E2182
Primary Exchange NYSE Arca
Shares Outstanding 1,080,000
Number of Holdings 206
30-Day Median Bid-Ask Spread 0.68%

Distributions As of 12/01/22

30-Day SEC Yield 2.45%
Distribution Frequency Semi-Annually

ETF Prices As of 12/01/22

NAV $18.95 Daily Change -$0.11 -0.57%
Market Price $19.06 Daily Change -$0.11 -0.57%

Performance History

As of recent
(09/30/22)
As of recent
(09/30/22)
Fund NAV Market Price Index
1 Year -12.64% -12.61% -12.03%
3 Years -1.78% -1.94% -1.02%
5 Years -2.68% -2.67% -1.96%
Since Inception -1.65% -1.66% -0.94%
1 Year -11.75% -11.60% -11.08%
3 Years -0.98% -0.87% -0.20%
5 Years -2.21% -2.06% -1.46%
Since Inception -1.28% -1.21% -0.56%
Year-to-Date -13.65% -13.45% -13.22%
1 Month -7.51% -7.32% -7.49%
3 Months -4.38% -5.01% -4.27%
Since Inception -13.81% -13.88% -8.09%
Year-to-Date -10.73% -9.93% -10.20%
1 Month 3.38% 4.07% 3.48%
3 Months -3.32% -3.71% -3.13%
Since Inception -10.90% -10.38% -4.90%

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.

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 12/01/22

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
2.03 WALMEX* MM WALMART DE MEXIC BW1YVH8 3.81 109,070 416,033.75
1.98 EAND UH EMIRATES TELECOM GROUP CO 6322173 7.02 57,597 404,569.12
1.92 TLKM IJ TELKOM INDONESIA BD4T6W7 0.25 1,546,912 393,623.87
1.86 NBK KK NATIONAL BANK OF KUWAIT 6889526 3.65 104,468 381,461.33
1.75 BBCA IJ BANK CENTRAL ASIA TBK PT B01C1P6 0.58 623,064 358,924.90
1.51 SMPH PM SM PRIME HOLDINGS INC 6818843 0.63 492,807 308,689.50
1.47 GFNORTEO MM GRUPO F BANORT-O 2421041 7.94 37,814 300,323.66
1.44 SHP SJ SHOPRITE HOLDINGS LTD 6801575 13.64 21,529 293,555.59
1.39 FAB UH FIRST ABU DHABI BANK PJSC 6624471 4.79 59,287 284,082.63
1.34 STC AB SAUDI TELECOM CO B12M7Q5 9.97 27,480 274,105.60
1.34 IQCD QD INDUSTRIES QATAR 6673570 4.24 64,513 273,339.90
1.29 ASII IJ ASTRA INTERNATIO B800MQ5 0.40 665,993 264,257.46
1.29 CPALL-R TB CP ALL PCL-NVDR B08YDH1 1.88 140,056 263,330.91
1.27 RJHI AB AL RAJHI BANK B12LZH9 21.31 12,200 259,933.50
1.23 GAPB MM AERO DEL PACIF-B B0ZV104 16.23 15,474 251,183.77
1.19 BBRI IJ BANK RAKYAT INDO 6709099 0.32 766,564 243,330.20
1.17 TNB MK TENAGA NASIONAL BHD 6904612 2.16 110,903 239,177.87
1.15 CEZ CP CEZ AS 5624030 34.15 6,887 235,205.88
1.07 VIC VN VINGROUP JSC B27Y417 2.69 81,329 219,000.98
1.06 AOT-R TB AIRPORTS OF-NVDR 6741206 2.12 102,750 217,429.23
1.05 PBK MK PUBLIC BANK BERHAD B012W42 1.01 212,253 215,385.00
1.02 VNM VN VIET NAM DAIRY P B16GLK5 3.36 62,296 209,432.49
1.01 BDMS-R TB BANGKOK DUS-NVDR B013SV4 0.84 247,673 207,161.43
1.00 ASURB MM AERO DEL SURES-B 2639349 24.93 8,236 205,302.07
0.99 VHM VN VINHOMES JSC BFZBXH0 2.18 92,757 202,468.36
0.98 SAFCOM KN SAFARICOM PLC B2QN3J6 0.20 1,002,501 200,418.40
0.96 ALDAR UH ALDAR PROPERTIES PJSC B0LX3Y2 1.29 152,122 196,724.66
0.95 MSN VN MASAN GROUP CORP B59R0P1 4.04 47,952 193,686.17
0.93 MAREL IR MAREL HF 4907958 3.88 49,162 190,664.60
0.90 SBK SJ STANDARD BANK GROUP LTD B030GJ7 9.51 19,406 184,641.07
0.90 SNB AB THE SAUDI NATIONAL BANK BSHYYN1 13.51 13,658 184,552.84
0.88 HPG VN HOA PHAT GROUP JSC B29CC15 0.74 242,321 179,936.44
0.87 SM PM SM INVESTMENTS CORP B068DB9 17.44 10,225 178,316.58
0.87 PTTEP-R TB PTT EXPLOR-NVDR B1359L2 5.32 33,327 177,261.14
0.86 MULTIPLY UH MULTIPLY GROUP BP0PMS1 1.32 132,669 175,541.13
0.84 DNP PW DINO POLSKA SA BD0YVN2 81.76 2,100 171,705.95
0.81 FUNO11 MM FIBRA UNO B671GT8 1.27 131,350 166,571.50
0.81 CLS SJ CLICKS GROUP LTD 6105578 16.05 10,365 166,334.19
0.81 ALI PM AYALA LAND INC 6055112 0.53 314,030 165,411.30
0.78 QIBK QD QATAR ISLAMIC BANK 6713982 6.65 23,905 158,852.47
0.76 BAP CREDICORP LTD 2232878 151.22 1,034 156,361.48
0.76 KAP LI NAC KAZATOG-REGS BGXQL36 28.26 5,502 155,486.52
0.76 ADVANC-R TB ADVANCED IN-NVDR 6412609 5.43 28,569 155,221.90
0.75 ADNOCDIS UH ABU DHABI NATION BYVGM64 1.24 123,390 153,185.61
0.73 SAFCO AB SABIC AGRI-NUTRIENTS CO B1323K0 38.20 3,924 149,883.34
0.68 BMRI IJ BANK MANDIRI 6651048 0.67 207,837 138,891.87
0.67 BIMAS TI BIM BIRLESIK MAGAZALAR AS B0D0006 7.03 19,506 137,126.62
0.67 EREGL TI EREGLI B03MS97 2.28 59,965 136,698.77
0.65 HTO GA HELLENIC TELECOM 5051605 15.58 8,558 133,358.38
0.64 CPI SJ CAPITEC BANK HOLDINGS LTD 6440859 104.33 1,259 131,349.06
0.64 PTG MK PETRONAS GAS BHD 6703972 3.82 34,152 130,405.59
0.64 SNP RO OMV PETROM SA 7180411 0.10 1,321,319 130,096.16
0.64 CIMB MK CIMB GROUP HOLDINGS BHD 6075745 1.31 99,492 129,870.37
0.63 ABG SJ ABSA GROUP LTD BFX05H3 10.53 12,297 129,528.15
0.63 QFLS QD QATAR FUEL QSC 6516556 5.03 25,552 128,470.41
0.58 DIGI MK DIGI.COM BHD 6086242 0.91 131,603 119,204.53
0.58 OPAP GA OPAP SA 7107250 13.88 8,487 117,834.21
0.57 MPHC QD MESAIEED PETROCH BK4Z0B1 0.63 185,987 116,798.87
0.55 QGTS QD QATAR GAS TRANSP B0MLBC9 1.07 105,384 112,857.17
0.55 TLEVICPO MM GRUPO TELEV-CPO 2380108 1.11 102,082 112,820.18
0.55 EA-R TB ENERGY ABSOLUTE PCL-NVDR B9L4K92 2.78 40,277 112,008.53
0.55 NRP SJ NEPI ROCKCASTLE N.V. BLF9GQ6 5.78 19,295 111,606.75
0.54 KIMBERA MM KIMBERLY-CLA M-A 2491914 1.72 64,458 110,762.99
0.54 TEL PM PLDT INC BDGN274 30.23 3,654 110,475.06
0.54 KSPI LI JSC KASPI.KZ GDR-REG S BMXZ8G7 76.50 1,436 109,854.00
0.53 SQUARE BD SQUARE PHARMACEU 6833802 2.05 52,457 107,370.52
0.52 GULF-R TB GULF ENERGY DE-R BFN4H35 1.52 70,315 107,071.03
0.52 MCG SJ MULTICHOICE GROUP LTD BHZSKR4 6.66 15,894 105,904.01
0.51 PEP MK PPB GROUP BERHAD 6681669 3.88 27,049 105,002.93
0.50 AMRT IJ SUMBER ALFARIA T BCDBLJ9 0.19 540,129 102,038.83
0.49 MRP SJ MR PRICE GROUP LTD BYXW419 9.26 10,858 100,552.46
0.49 SULAIMAN AB DR SULAIMAN AL H BLGM738 62.24 1,603 99,774.44
0.49 ADCB UH ABU DHABI COMMERCIAL BANK 6545464 2.67 37,336 99,513.88
0.49 QHOLDING UH Q HOLDING PJSC BF0R9V9 1.23 81,207 99,489.93
0.49 HEKTS TI HEKTAS TICARET T.A.S B03MTG1 2.04 48,765 99,442.97
0.48 SECO AB SAUDI ELECTRICITY CO B132NM2 6.46 15,266 98,673.71
0.48 CPN-R TB CENTRAL PATTANA PCL-NVDR B013L15 2.02 48,453 98,028.30
0.48 TCELL TI TURKCELL B03MYN3 1.87 52,320 97,763.95
0.47 VRE VN VINCOM RETAIL JSC BZ0WW59 1.22 78,590 96,193.39
0.46 NESZ MK NESTLE (MALAYSIA) BERHAD 6629335 31.21 3,024 94,392.74
0.45 EMIRATES UH EMIRATES NBD PJSC B28PFX8 3.61 25,423 91,709.82
0.44 MAXIS MK MAXIS BHD B5387L5 0.90 101,293 90,830.27
0.44 KLBF IJ KALBE FARMA TBK PT B7311V6 0.13 686,022 90,367.56
0.44 HAR SJ HARMONY GOLD MNG 6410562 3.74 23,940 89,496.34
0.44 BH-R TB BUMRUNGRAD-NVDR B0166J7 6.26 14,273 89,384.82
0.44 PINFRA* MM PROMOTORA Y OPER 2393388 9.08 9,836 89,313.10
0.43 URC PM UNIVERSAL ROBINA CORP 6919519 2.41 36,908 88,797.25
0.43 CPIN IJ CHAROEN POK INDO 6315344 0.36 240,315 87,632.94
0.42 QEWS QD QATAR ELECTRICIT 6566614 4.67 18,582 86,742.36
0.42 DANGCEM NL DANGOTE CEMENT PLC B4TFNR1 0.59 146,538 86,569.63
0.42 AXIATA MK AXIATA GROUP BERHAD B2QZGV5 0.73 118,788 86,293.21
0.42 PKO PW PKO BANK POLSKI SA B03NGS5 6.64 12,937 85,961.77
0.42 PPH SJ PEPKOR HOLDINGS LTD BFXG366 1.22 70,194 85,343.22
0.40 ALE PW ALLEGRO.EU SA BMBQDF6 5.15 15,868 81,734.28
0.40 ARI SJ AFRICAN RAINBOW 6041122 16.83 4,840 81,470.98
0.39 MARK QD MASRAF AL RAYAN B0VR7W0 0.98 80,465 78,879.67
0.38 NED SJ NEDBANK GROUP LTD 6628008 11.84 6,632 78,541.95
0.38 SLM SJ SANLAM LTD B0L6750 3.02 25,662 77,519.76
0.38 RIBL AB RIYAD BANK B12LZW4 9.12 8,403 76,665.22
0.37 MABANEE KK MABANEE CO KPSC B00PQY0 2.86 26,782 76,507.54
0.37 ASELS TI ASELSAN ELEKTRONIK SANAYI B03MP41 2.56 29,803 76,352.74
0.37 CBQK QD COMMERCIAL BANK PSQC 6150448 1.62 46,691 75,656.92
0.37 UNVR IJ UNILEVER INDONESIA TBK PT 6687184 0.30 248,168 75,108.19
0.36 ISA CB ISA SA 2205706 3.97 18,693 74,278.63
0.36 BRES QD BARWA REAL ESTATE CO B0YTG26 0.90 82,256 73,768.96
0.33 EEC AB ETIHAD ETISALAT CO B12LR51 9.84 6,912 68,026.07
0.33 PETD MK PETRONAS DAGANGAN BHD 6695938 5.22 12,914 67,428.38
0.33 BDO PM BDO UNIBANK INC B5VJH76 2.31 29,052 67,208.11
0.33 TLV RO BANCA TRANSILVANIA SA 5393307 4.27 15,640 66,851.10
0.32 ALMARAI AB ALMARAI CO B137VV2 14.20 4,580 65,054.40
0.32 CHILE CI BANCO DE CHILE 2100845 0.10 668,376 64,564.83
0.31 PPC GA PUBLIC POWER CORP 7268298 7.03 9,137 64,243.86
0.31 PZU PW PZU B63DG21 7.15 8,901 63,668.99
0.31 T MK TELEKOM MALAYSIA BHD 6868398 1.28 49,094 62,858.15
0.31 INDF IJ INDOFOOD SUKSES 6283979 0.43 146,166 62,692.89
0.31 COMI EY COMMERCIAL INTL 6243898 1.69 37,127 62,571.05
0.30 HMPRO-R TB HOME PRODUCT-NVD 6418555 0.43 141,879 60,857.45
0.29 QLG MK QL RESOURCES BHD B00G234 1.27 47,393 60,249.90
0.29 DIB UH DUBAI ISLAMIC BANK 6283452 1.55 38,857 60,088.42
0.29 SABB AB SAUDI BRITISH BANK B12LSY7 10.40 5,756 59,864.24
0.29 BEXIMC BD BEXIMCO EXPORT 6097987 1.13 52,931 59,695.84
0.29 REM SJ REMGRO LTD 6290689 7.83 7,602 59,528.77
0.29 PGE PW PGE SA B544PW9 1.51 38,765 58,686.84
0.29 VJC VN VIETJET AVIATION JSC BYP2451 4.21 13,880 58,442.11
0.28 GFINBURO MM GRUPO FIN INB-O 2822398 1.88 30,876 58,039.66
0.28 FALAB CI FALABELLA SA 2771672 1.77 32,412 57,503.38
0.28 INTUCH-R TB INTOUCH HOLDINGS PCL-NVDR 6397557 2.11 26,927 56,787.71
0.27 LH-R TB LAND & HOUSES PUB - NVDR 6581941 0.27 200,608 55,071.11
0.27 ALINMA AB ALINMA BANK B39NWT3 8.99 6,100 54,842.40
0.27 CRC-R TB CENTRAL RETAIL-R BKV24W4 1.26 43,394 54,599.26
0.27 NVL VN NO VA LAND INVES BYZCMP7 0.95 57,246 54,536.68
0.25 PEO PW BANK PEKAO SA 5473113 19.21 2,706 51,983.80
0.25 BBNI IJ BANK NEGARA INDO 6727121 0.62 82,435 51,381.17
0.25 ADIB UH ABU DHABI ISLAMIC BANK 6001728 2.61 19,491 50,942.30
0.25 YANSAB AB YANBU NATIONAL P B128CF7 10.93 4,637 50,693.10
0.25 ICBP IJ INDOFOOD CBP SUK B4LD3M8 0.65 77,390 50,474.44
0.25 OR-R TB PTT OIL & RETA-R BN73M62 0.70 71,932 50,189.90
0.24 TOWR IJ SARANA MENARA BCDBLX3 0.07 675,868 49,943.66
0.24 MER PM MANILA ELECTRIC COMPANY B247XZ6 5.11 9,727 49,712.51
0.24 SCGP-R TB SCG PACKAGING PCL-NVDR BMC0T59 1.61 30,903 49,708.14
0.24 BPI PM BANK PHILIPPINE 6074968 1.85 26,455 48,960.23
0.24 SMGR IJ SEMEN INDONESIA 6795236 0.49 98,295 48,634.31
0.24 ATW MC ATTIJARIWAFA BANK BMX3JT1 38.64 1,256 48,535.34
0.24 BEM-R TB BANGKOK EXPRESSWAY-NVDR BDCR9C4 0.26 183,269 48,476.93
0.23 TOP-R TB THAI OIL PCL-NVDR B030K62 1.62 29,549 47,741.45
0.23 CPS PW CYFROWY POLSAT SA B2QRCM4 4.16 11,109 46,249.66
0.23 MOUWASAT AB MOUWASAT MEDICAL B403QG4 51.34 898 46,100.28
0.22 BTS-R TB BTS GROUP HOLDIN B0H72C9 0.24 189,507 45,249.74
0.22 HLBK MK HONG LEONG BANK BERHAD 6436892 4.69 9,544 44,805.88
0.22 VCB VN BANK FOR FOREIGN B622TR5 3.26 13,706 44,736.03
0.22 ARION IR ARION BANKI HF BG43JW1 1.14 39,003 44,554.43
0.22 JARIR AB JARIR MARKETING CO B128FM5 42.82 1,038 44,452.19
0.22 TOPG MK TOP GLOVE CORP BHD B05L892 0.19 229,529 44,029.97
0.21 QIIK QD QATAR INTERNATIO 6571544 3.04 14,319 43,486.82
0.21 KAYAN AB SAUDI KAYAN PETR B1Z8F66 3.19 13,465 42,979.12
0.21 AKBNK TI AKBANK T.A.S. B03MN70 0.94 44,987 42,079.12
0.20 BSFR AB BANQUE SAUDI FRANSI B12LZT1 11.12 3,676 40,871.61
0.20 ALBI AB BANK ALBILAD B12LZP7 13.38 3,050 40,807.29
0.20 OMU SJ OLD MUTUAL LTD BDVPYN5 0.60 67,389 40,162.41
0.19 ELM AB ELM CO BNYDSH8 89.27 440 39,277.56
0.19 BKMB OM BANKMUSCAT SAOG B11WYH6 0.73 53,724 39,066.93
0.19 BSAN CI BANCO SANTANDER CHILE 2000257 0.04 964,956 38,003.44
0.18 BBAJIOO MM BANCO DEL BAJIO SA BYSX0F3 3.29 11,300 37,135.49
0.18 ALARKAN AB DAR AL ARKAN REA B2NC4X7 3.72 9,695 36,103.21
0.18 GPSC-R TB GLOBAL POWER SYNERGY-NVDR BWX43V4 2.00 18,004 36,038.89
0.18 SAVOLA AB SAVOLA B133RS9 7.51 4,793 36,016.03
0.17 NAHDI AB NAHDI MEDICAL CO BMZPZG4 49.95 714 35,666.76
0.17 RNI SJ REINET INVESTMENTS SCA BF52QF2 18.24 1,953 35,621.86
0.17 ALPHA GA ALPHA SERVICES A BZ1MXR7 1.10 32,348 35,515.94
0.17 ETE GA NATIONAL BANK OF GREECE BG087C6 4.13 8,239 34,058.09
0.16 ARNB AB ARAB NATIONAL BANK B12LZK2 8.87 3,735 33,132.66
0.16 SAHOL TI HACI OMER SABANCI HOLDING B03N0C7 2.23 14,848 33,115.08
0.16 RESEARCH AB SAUDI RESEARCH & B156TT1 50.17 660 33,109.72
0.16 KOMB CP KOMERCNI BANKA AS 4519449 29.42 1,110 32,657.03
0.16 RATCH-R TB RATCH GROUP PCL-NVDR 6362771 1.17 27,714 32,492.82
0.15 SPL PW SANTANDER BANK POLSKA SA 7153639 60.47 520 31,442.81
0.15 EGCO/F TB ELEC GEN PUB-FOR 6304643 4.89 6,148 30,063.14
0.15 ISB IR ISLANDSBANKI HF BMCR2B7 0.87 34,206 29,764.27
0.15 ISCTR TI TURKIYE IS BANKASI-C B03MYS8 0.58 50,937 29,685.57
0.14 HSBK LI HALYK SAVING-GDR B1KDG41 11.20 2,522 28,246.40
0.14 BJC-R TB BERLI JUCKE-NVDR 6360162 0.97 28,846 28,045.87
0.14 RHBBANK MK RHB BANK BHD 6244675 1.27 21,744 27,642.77
0.13 GBK KK GULF BANK 6889515 1.10 24,011 26,513.78
0.13 MBT PM METROPOLITAN BANK & TRUST 6514442 1.01 26,080 26,314.37
0.12 BCI CI BANCO CRED INVER 2069355 27.52 852 23,448.56
0.11 SSI VN SSI SECURITIES CORP B1LB8G0 0.74 31,350 23,279.07
0.11 ZAINKSA AB MOBILE TELECOMMU B2QG180 2.97 7,684 22,809.80
0.11 SCB-R TB SCB X PCL-NVDR BPH0728 3.02 7,495 22,611.45
0.11 JKH SL JOHN KEELLS HOLDINGS PLC 6475538 0.38 58,710 22,235.32
0.10 KBANK-R TB KASIKORNBANK PCL-NVDR 6364766 4.12 5,098 20,992.62
0.08 BRD RO BRD-GROUPE SOCIE B07GYB9 2.84 6,025 17,091.84
0.08 BUPA AB BUPA ARABIA B2RLCR0 46.66 357 16,655.89
0.08 MONET CP MONETA MONEY BANK AS BD3CQ16 3.11 5,128 15,969.24
0.08 SIBC AB SAUDI INVESTMENT BANK/THE B12M7M1 4.95 3,083 15,253.04
0.07 CASH 0.00 847,848,080 14,967.68
0.07 KTC-R TB KRUNGTHAI CARD PCL-NVDR 6561330 1.70 8,660 14,734.63
0.07 ARTO IJ BANK JAGO TBK PT BYZ0ZJ6 0.29 47,618 13,799.66
0.07 TADAWULG AB SAUDI TADAWUL GR BMZQ749 45.48 299 13,599.95
0.07 BJAZ AB BANK AL-JAZIRA B12LZQ8 5.63 2,402 13,519.44
0.06 ZENITHBA NL ZENITH BANK PLC B01CKG0 0.05 230,376 11,804.18
0.06 BCP MC BANQUE CENTRALE POPULAIRE B01J1K2 21.66 519 11,243.37
0.05 GTCO NL GUARANTY TRUST H BLR9K51 0.05 216,406 9,894.24
0.04 SAWAD-R TB SRISAWAD CORP PCL-NVDR BMHS7D2 1.32 5,640 7,418.93
0.02 EGCO-R TB ELECTRICITY-NVDR 6368553 4.89 900 4,400.92
0.00 SAB VN SAIGON BEER ALCO BDSFBV5 7.16 50 357.81
0.00 HDB VN HDBANK BYX3359 0.65 10 6.51
0.00 KFH KK KUWAIT FINANCE HOUSE 6503138 2.81 0 1.35
Holdings are subject to change.

Sector Breakdown As of 10/31/22

Sector Weight (%)
Financials 30.9
Consumer Staples 13.9
Communication Services 13.1
Real Estate 9.1
Industrials 8.3
Utilities 6.5
Consumer Discretionary 5.6
Materials 5.5
Energy 3.6
Health Care 3.5
Information Technology 0.2

Source: AltaVista Research, LLC

Country Breakdown As of 10/31/22

Country Weight (%)
Indonesia 10.6
Thailand 10.3
Saudi Arabia 10.0
Mexico 8.7
South Africa 8.3
Malaysia 6.9
Vietnam 6.5
Uae 6.3
Qatar 5.9
Philippines 4.7
Kuwait 3.4
Other/Cash 18.4

Source: AltaVista Research, LLC

ETF Characteristics As of 12/01/22

Return on Equity 13.80%
Weighted Avg. Market Cap 10,319 M
2021 2022
Price-to-earnings 15.28 13.62
Price-to-book value 1.95 1.82

Source: AltaVista Research, LLC

ETF Risk Stats As of 11/30/22

Versus Beta
S&P 500 0.75
MSCI EAFE 0.83
MSCI Emg. Mkts 0.69
Standard Deviation 19.20%

Source: AltaVista Research, LLC

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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. Read MoreExchange-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 10/31, EMFM was rated against the following numbers of Diversified Emerging Markets funds over the following time periods: 732 during the last 3 years, and 648 during the last 5 years. With respect to these Diversified Emerging Markets funds, EMFM received a Morningstar Rating of 4 stars, for both periods. Past performance is not indicative of future results.

© 2022 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.

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.

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