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 01/21/21

Key Facts

Ticker EMFM
Inception Date 11/06/13
CUSIP 37950E218
ISIN US37950E2182
Bloomberg Index Ticker NU722163
Primary Exchange NYSE Arca
Number of Holdings 203

Stats & Fees

Net Assets $16,635,995
Net Asset Value (NAV) $19.57
Shares Outstanding 850,000
Total Expense Ratio 0.66%

Distributions

30-Day SEC Yield 3.39%
Distribution Frequency Semi-Annually

Fund Prices As of 01/21/21

NAV $19.57 Daily Change -$0.01 -0.07%
Market Price $19.66 Daily Change -$0.05 -0.25%
30-Day Median Bid-Ask Spread 0.66%

Performance History

Cumulative %

Data as of month-end (12/31/20)

Fund NAV Market Price Index
Year-to-Date -3.16% -2.80% -2.29%
1 Month 5.54% 5.79% 5.71%
3 Months 18.00% 17.86% 18.33%
6 Months 19.09% 19.59% 19.68%
Since Inception -9.03% -8.39% -4.17%

Avg Annualized %

Data as of month-end (12/31/20)

Fund NAV Market Price Index
1 Year -3.16% -2.80% -2.29%
3 Years -4.89% -4.41% -4.15%
5 Years 4.63% 4.98% 5.44%
Since Inception -1.32% -1.22% -0.59%

Avg Annualized %

Data as of quarter-end (12/31/20)

Fund NAV Market Price Index
1 Year -3.16% -2.80% -2.29%
3 Years -4.89% -4.41% -4.15%
5 Years 4.63% 4.98% 5.44%
Since Inception -1.32% -1.22% -0.59%

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 01/21/21

Return on Equity 8.40%
Weighted Avg. Market Cap 14,052 M
2019 2020
Price-to-earnings 14.76 20.11
Price-to-book value 1.73 1.66

Source: AltaVista Research, LLC

Fund Risk Stats As of 01/21/21

Versus Beta
S&P 500 0.81
MSCI EAFE 0.93
MSCI Emg. Mkts 0.81
Standard Deviation 19.30%

Source: AltaVista Research, LLC

Sector Breakdown As of 12/31/20

% of Net Assets
Financials 30.3
Communication Services 12.6
Consumer Staples 10.9
Consumer Discretionary 9.9
Real Estate 9.6
Industrials 7.4
Energy 6.8
Materials 5.7
Utilities 4.8
Health Care 1.7
Information Technology 0.4

Source: AltaVista Research, LLC

Country Breakdown As of 12/31/20

% of Net Assets
Indonesia 9.9
South Africa 9.7
Saudi Arabia 9.6
Thailand 9.4
Malaysia 8.5
Mexico 7.3
Vietnam 7.2
Philippines 5.6
Uae 4.8
Qatar 4.4
Poland 3.1
Other/Cash 20.5

Source: AltaVista Research, LLC

Top 10 Holdings As of 01/22/21

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
1.97 WALMEX* MM WALMART DE MEXIC BW1YVH8 3.01 107,811 325,010.33
1.83 ARAMCO AB SAUDI ARABIAN OIL CO BJTM270 9.28 32,391 300,444.27
1.67 TLKM IJ TELKOM INDONESIA BD4T6W7 0.24 1,140,635 275,507.85
1.67 STC AB SAUDI TELECOM CO B12M7Q5 29.69 9,261 274,981.45
1.65 ETISALAT UH EMIRATES TELECOM GROUP CO 6322173 5.31 51,201 271,815.61
1.63 BBCA IJ BANK CENTRAL ASIA TBK PT B01C1P6 2.52 106,358 268,263.14
1.54 NBK KK NATIONAL BANK OF KUWAIT 6889526 2.83 89,788 253,655.18
1.50 PTT-R TB PTT PCL-NVDR 6420408 1.32 187,050 246,303.03
1.41 SMPH PM SM PRIME HOLDINGS INC 6818843 0.78 297,527 232,641.15
1.39 SAFCOM KN SAFARICOM PLC B2QN3J6 0.32 707,100 228,521.86
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.