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EMFM

MSCI Next Emerging & Frontier ETF

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 09/22/23

Inception Date 11/06/13
Total Expense Ratio 0.55%
Net Assets $22.69 million
NAV $18.30
Fact Sheet View the document

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 09/21/23

Ticker EMFM
Bloomberg Index Ticker NU722163
CUSIP 37950E218
ISIN US37950E2182
Primary Exchange NYSE Arca
Shares Outstanding 1,240,000
Number of Holdings 207
30-Day Median Bid-Ask Spread 0.65%

Distributions As of 09/22/23

30-Day SEC Yield 3.12%
Distribution Frequency Semi-Annually

ETF Prices As of 09/22/23

NAV $18.30 Daily Change $0.00 0.00%
Market Price $18.27 Daily Change $0.03 0.16%

Performance History

As of recent
(06/30/23)
As of recent
(06/30/23)
Fund NAV Market Price Index
1 Year 2.39% 2.05% 3.01%
3 Years 6.51% 6.49% 7.29%
5 Years -0.33% -0.18% 0.44%
Since Inception -0.83% -0.80% -0.12%
1 Year 1.69% 1.85% 2.30%
3 Years 6.31% 6.16% 7.07%
5 Years 0.32% 0.48% 1.08%
Since Inception -0.55% -0.56% 0.17%
Year-to-Date 1.54% 1.49% 1.86%
1 Month 2.21% 2.55% 2.31%
3 Months -0.26% -0.63% -0.07%
Since Inception -7.71% -7.49% -1.11%
Year-to-Date 4.27% 3.82% 4.68%
1 Month -3.55% -3.71% -3.51%
3 Months 4.96% 4.91% 5.15%
Since Inception -5.23% -5.36% 1.64%

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 09/22/23

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
1.97 EAND UH EMIRATES TELECOM GROUP CO 6322173 5.61 79,596 446,425.88
1.96 WALMEX* MM WALMART DE MEXIC BW1YVH8 3.90 113,780 443,586.87
1.80 TLKM IJ TELKOM INDONESIA BD4T6W7 0.25 1,623,065 407,481.68
1.72 STC AB SAUDI TELECOM CO B12M7Q5 10.13 38,511 390,151.16
1.72 NBK KK NATIONAL BANK OF KUWAIT 6889526 2.96 131,581 389,270.22
1.69 BBCA IJ BANK CENTRAL ASIA TBK PT B01C1P6 0.59 650,025 383,673.29
1.55 GFNORTEO MM GRUPO F BANORT-O 2421041 8.56 41,164 352,381.05
1.47 CEZ CP CEZ AS 5624030 42.36 7,896 334,468.77
1.38 SHP SJ SHOPRITE HOLDINGS LTD 6801575 12.86 24,350 313,019.57
1.36 HPG VN HOA PHAT GROUP JSC B29CC15 1.12 276,421 309,623.28
1.36 GAPB MM AERO DEL PACIF-B B0ZV104 17.79 17,336 308,366.51
1.30 ALDAR UH ALDAR PROPERTIES PJSC B0LX3Y2 1.58 186,493 295,005.13
1.28 IQCD QD INDUSTRIES QATAR 6673570 3.89 74,564 289,857.31
1.23 BBRI IJ BANK RAKYAT INDO 6709099 0.35 799,234 278,107.44
1.22 TNB MK TENAGA NASIONAL BHD 6904612 2.17 127,600 276,568.75
1.20 CPALL-R TB CP ALL PCL-NVDR B08YDH1 1.70 159,623 271,505.38
1.18 TUPRS TI TUPRAS B03MYT9 5.67 47,332 268,499.69
1.18 ASII IJ ASTRA INTERNATIO B800MQ5 0.40 663,329 267,488.77
1.16 SMPH PM SM PRIME HOLDINGS INC 6818843 0.53 494,498 262,919.71
1.08 KAP LI NAC KAZATOG-REGS BGXQL36 38.95 6,312 245,852.40
1.08 RJHI AB AL RAJHI BANK B12LZH9 18.13 13,496 244,668.75
1.04 SNP RO OMV PETROM SA 7180411 0.13 1,829,174 235,452.81
1.02 SBK SJ STANDARD BANK GROUP LTD B030GJ7 9.90 23,416 231,817.47
1.01 VIC VN VINGROUP JSC B27Y417 2.05 111,729 229,211.20
1.01 AOT-R TB AIRPORTS OF-NVDR 6741206 1.95 117,122 228,487.10
1.00 PBK MK PUBLIC BANK BERHAD B012W42 0.90 254,235 227,794.56
1.00 VNM VN VIET NAM DAIRY P B16GLK5 3.18 71,296 226,707.97
0.99 BIMAS TI BIM BIRLESIK MAGAZALAR AS B0D0006 10.06 22,417 225,612.05
0.98 BDMS-R TB BANGKOK DUS-NVDR B013SV4 0.73 304,107 221,683.11
0.98 ASURB MM AERO DEL SURES-B 2639349 25.75 8,593 221,291.14
0.95 FUNO11 MM FIBRA UNO B671GT8 1.67 128,226 214,577.24
0.92 MULTIPLY UH MULTIPLY GROUP BP0PMS1 1.09 192,601 209,753.60
0.92 VHM VN VINHOMES JSC BFZBXH0 1.97 106,357 209,462.96
0.92 DNP PW DINO POLSKA SA BD0YVN2 86.62 2,398 207,707.57
0.91 ADVANC-R TB ADVANCED IN-NVDR 6412609 6.33 32,473 205,605.22
0.86 MSN VN MASAN GROUP CORP B59R0P1 3.09 62,852 194,442.13
0.81 MAREL IR MAREL HF 4907958 3.24 56,487 183,151.80
0.79 SNB AB THE SAUDI NATIONAL BANK BSHYYN1 8.82 20,244 178,644.19
0.78 PTTEP-R TB PTT EXPLOR-NVDR B1359L2 4.62 38,026 175,821.41
0.75 BMRI IJ BANK MANDIRI 6651048 0.39 438,244 171,022.05
0.75 SM PM SM INVESTMENTS CORP B068DB9 14.15 11,961 169,307.11
0.74 KSPI LI JSC KASPI.KZ GDR-REG S BMXZ8G7 96.00 1,742 167,232.00
0.73 CDB MK CELCOMDIGI BHD 6086242 0.96 172,966 166,047.36
0.72 EMIRATES UH EMIRATES NBD PJSC B28PFX8 4.94 33,098 163,557.05
0.71 ALI PM AYALA LAND INC 6055112 0.49 330,638 162,117.40
0.71 ALE PW ALLEGRO.EU SA BMBQDF6 6.91 23,269 160,813.32
0.70 CLS SJ CLICKS GROUP LTD 6105578 13.70 11,662 159,731.18
0.70 ADNOCDIS UH ABU DHABI NATION BYVGM64 1.03 153,555 158,032.59
0.68 GOTO IJ GOTO GOJEK TOKOP BQ3R601 0.01 27,166,700 153,723.77
0.66 OPAP GA OPAP SA 7107250 16.65 9,037 150,446.51
0.65 QIBK QD QATAR ISLAMIC BANK 6713982 5.12 28,890 147,942.20
0.65 KIMBERA MM KIMBERLY-CLA M-A 2491914 2.19 67,391 147,716.00
0.63 PTG MK PETRONAS GAS BHD 6703972 3.66 39,006 142,793.16
0.63 AMR UH AMERICANA RESTAU BPCMH29 1.15 124,105 142,591.17
0.62 HTO GA HELLENIC TELECOM 5051605 14.84 9,501 140,956.58
0.62 ABG SJ ABSA GROUP LTD BFX05H3 9.50 14,807 140,617.75
0.60 CPI SJ CAPITEC BANK HOLDINGS LTD 6440859 89.80 1,521 136,592.29
0.59 CIMB MK CIMB GROUP HOLDINGS BHD 6075745 1.19 111,779 133,300.18
0.57 NRP SJ NEPI ROCKCASTLE N.V. BLF9GQ6 5.63 22,987 129,455.18
0.57 QFLS QD QATAR FUEL QSC 6516556 4.37 29,501 129,026.35
0.55 QGTS QD QATAR GAS TRANSP B0MLBC9 1.02 122,466 125,157.56
0.54 PKO PW PKO BANK POLSKI SA B03NGS5 8.02 15,283 122,496.31
0.53 ADCB UH ABU DHABI COMMERCIAL BANK 6545464 2.36 51,141 120,581.28
0.53 BH-R TB BUMRUNGRAD-NVDR B0166J7 7.36 16,325 120,136.77
0.53 TCELL TI TURKCELL B03MYN3 2.00 59,496 119,253.72
0.51 HAR SJ HARMONY GOLD MNG 6410562 4.37 26,409 115,510.45
0.49 SAFCOM KN SAFARICOM PLC B2QN3J6 0.10 1,102,711 112,216.18
0.49 SLM SJ SANLAM LTD B0L6750 3.64 30,781 112,090.32
0.49 SQUARE BD SQUARE PHARMACEU 6833802 1.91 57,869 110,728.84
0.49 EREGL TI EREGLI B03MS97 1.59 69,018 109,960.30
0.48 TLV RO BANCA TRANSILVANIA SA 5393307 4.88 22,320 108,886.78
0.47 MPHC QD MESAIEED PETROCH BK4Z0B1 0.50 215,993 107,403.11
0.46 SULAIMAN AB DR SULAIMAN AL H BLGM738 62.54 1,685 105,388.31
0.46 PEP MK PPB GROUP BERHAD 6681669 3.33 31,543 104,975.10
0.46 QEWS QD QATAR ELECTRICIT 6566614 4.85 21,613 104,799.30
0.46 GULF-R TB GULF ENERGY DE-R BFN4H35 1.29 80,176 103,531.91
0.45 AMRT IJ SUMBER ALFARIA T BCDBLJ9 0.19 544,277 102,660.38
0.45 PPC GA PUBLIC POWER CORP 7268298 9.97 10,232 101,964.49
0.45 CPN-R TB CENTRAL PATTANA PCL-NVDR B013L15 1.84 55,181 101,520.17
0.45 PZU PW PZU B63DG21 9.56 10,558 100,918.19
0.44 VRE VN VINCOM RETAIL JSC BZ0WW59 1.12 89,090 100,156.57
0.44 MAXIS MK MAXIS BHD B5387L5 0.86 115,845 99,842.94
0.44 ASELS TI ASELSAN ELEKTRONIK SANAYI B03MP41 1.49 66,586 99,320.45
0.42 BDO PM BDO UNIBANK INC B5VJH76 2.31 41,384 95,444.57
0.42 FALAB CI FALABELLA SA 2771672 2.30 41,500 95,285.74
0.42 NESZ MK NESTLE (MALAYSIA) BERHAD 6629335 27.52 3,432 94,448.64
0.40 MER PM MANILA ELECTRIC COMPANY B247XZ6 6.53 13,896 90,764.37
0.39 PPH SJ PEPKOR HOLDINGS LTD BFXG366 0.92 96,948 89,203.82
0.39 MABANEE KK MABANEE CO KPSC B00PQY0 2.71 32,287 87,366.67
0.38 CBQK QD COMMERCIAL BANK PSQC 6150448 1.53 56,552 86,692.35
0.38 URC PM UNIVERSAL ROBINA CORP 6919519 2.00 42,634 85,192.94
0.37 ELM AB ELM CO BNYDSH8 189.13 449 84,918.45
0.37 NED SJ NEDBANK GROUP LTD 6628008 10.98 7,681 84,321.77
0.36 COMI EY COMMERCIAL INTL 6243898 1.94 42,261 81,855.04
0.36 DIB UH DUBAI ISLAMIC BANK 6283452 1.61 50,587 81,260.94
0.36 EEC AB ETIHAD ETISALAT CO B12LR51 11.49 7,032 80,801.73
0.35 SECO AB SAUDI ELECTRICITY CO B132NM2 5.17 15,521 80,276.04
0.35 KLBF IJ KALBE FARMA TBK PT B7311V6 0.12 691,218 80,023.94
0.35 CHILE CI BANCO DE CHILE 2100845 0.10 793,976 79,652.41
0.35 RIBL AB RIYAD BANK B12LZW4 7.46 10,523 78,552.88
0.34 PGE PW PGE SA B544PW9 1.79 43,724 78,156.19
0.34 CPIN IJ CHAROEN POK INDO 6315344 0.32 241,776 78,154.58
0.34 ALMARAI AB ALMARAI CO B137VV2 16.66 4,665 77,731.34
0.34 REM SJ REMGRO LTD 6290689 8.38 9,243 77,414.69
0.34 PINFRA* MM PROMOTORA Y OPER 2393388 9.16 8,421 77,151.73
0.34 BRES QD BARWA REAL ESTATE CO B0YTG26 0.73 105,508 76,522.29
0.33 PEO PW BANK PEKAO SA 5473113 22.98 3,209 73,734.39
0.33 TEL PM PLDT INC BDGN274 20.32 3,628 73,709.72
0.32 EUROB GA EUROBANK ERGASIA BYZ43T4 1.62 45,368 73,497.07
0.32 ADIB UH ABU DHABI ISLAMIC BANK 6001728 2.87 25,375 72,817.80
0.32 PETD MK PETRONAS DAGANGAN BHD 6695938 4.90 14,812 72,551.15
0.32 AXIATA MK AXIATA GROUP BERHAD B2QZGV5 0.53 136,600 71,979.09
0.32 VCB VN BANK FOR FOREIGN B622TR5 3.66 19,565 71,685.80
0.32 EA-R TB ENERGY ABSOLUTE PCL-NVDR B9L4K92 1.56 45,880 71,667.59
0.31 TLEVICPO MM GRUPO TELEV-CPO 2380108 0.65 108,165 69,977.42
0.30 ATW MC ATTIJARIWAFA BANK BMX3JT1 43.72 1,571 68,682.96
0.29 SABB AB SAUDI AWWAL BANK B12LSY7 9.18 7,245 66,541.43
0.29 BPI PM BANK PHILIPPINE 6074968 1.91 34,548 65,994.54
0.28 QLG MK QL RESOURCES BHD B00G234 1.17 54,467 63,675.55
0.28 INDF IJ INDOFOOD SUKSES 6283979 0.44 143,895 63,407.39
0.28 UNVR IJ UNILEVER INDONESIA TBK PT 6687184 0.25 249,976 62,595.62
0.27 DANGCEM NL DANGOTE CEMENT PLC B4TFNR1 0.42 146,538 61,993.28
0.27 AKBNK TI AKBANK T.A.S. B03MN70 1.13 54,495 61,786.51
0.27 VJC VN VIETJET AVIATION JSC BYP2451 4.00 15,380 61,589.41
0.27 BEXIMC BD BEXIMCO EXPORT 6097987 1.05 58,288 61,394.92
0.27 GFINBURO MM GRUPO FIN INB-O 2822398 2.08 29,055 60,496.97
0.27 T MK TELEKOM MALAYSIA BHD 6868398 1.06 56,755 60,175.43
0.26 TRUE-R TB TRUE CORP PCL/NEW-NVDR BQKRHP6 0.21 283,800 59,896.70
0.26 ALINMA AB ALINMA BANK B39NWT3 8.86 6,748 59,817.91
0.26 MARK QD MASRAF AL RAYAN B0VR7W0 0.61 97,462 59,146.58
0.26 NVL VN NOVALAND INVESTMENT GROUP BYZCMP7 0.71 81,546 58,217.27
0.26 HMPRO-R TB HOME PRODUCT-NVD 6418555 0.36 162,033 58,045.70
0.25 YANSAB AB YANBU NATIONAL P B128CF7 11.13 5,150 57,322.91
0.25 ICBP IJ INDOFOOD CBP SUK B4LD3M8 0.74 76,422 56,415.59
0.25 ETE GA NATIONAL BANK OF GREECE BG087C6 5.87 9,586 56,294.48
0.25 ISCTR TI TURKIYE IS BANKASI-C B03MYS8 0.92 61,132 56,034.34
0.25 BBNI IJ BANK NEGARA INDO 6727121 0.63 88,138 55,892.39
0.24 OMU SJ OLD MUTUAL LTD BDVPYN5 0.65 85,089 55,281.04
0.24 RNI SJ REINET INVESTMENTS SCA BF52QF2 21.63 2,542 54,982.17
0.24 BSAN CI BANCO SANTANDER CHILE 2000257 0.05 1,192,718 54,810.90
0.24 ALPHA GA ALPHA SERVICES A BZ1MXR7 1.40 38,975 54,645.42
0.24 CRC-R TB CENTRAL RETAIL-R BKV24W4 1.10 49,416 54,548.35
0.24 INTUCH-R TB INTOUCH HOLDINGS PCL-NVDR 6397557 2.07 25,866 53,513.39
0.24 CPAXT-R TB CP AXTRA PCL-NVDR 6361648 0.94 56,800 53,235.21
0.23 SPL PW SANTANDER BANK POLSKA SA 7153639 82.03 625 51,268.09
0.22 LH-R TB LAND & HOUSES PUB - NVDR 6581941 0.22 228,635 50,793.67
0.22 BEM-R TB BANGKOK EXPRESSWAY-NVDR BDCR9C4 0.24 209,236 50,551.32
0.22 SSI VN SSI SECURITIES CORP B1LB8G0 1.34 37,550 50,225.87
0.22 SMGR IJ SEMEN INDONESIA 6795236 0.45 110,793 49,361.43
0.21 MOUWASAT AB MOUWASAT MEDICAL B403QG4 26.34 1,832 48,255.51
0.21 HEKTS TI HEKTAS TICARET T.A.S B03MTG1 0.87 55,521 48,234.26
0.21 SAVOLA AB SAVOLA B133RS9 9.82 4,898 48,119.46
0.21 HLBK MK HONG LEONG BANK BERHAD 6436892 4.22 11,312 47,781.89
0.21 ARION IR ARION BANKI HF BG43JW1 1.03 46,275 47,524.21
0.21 ARI SJ AFRICAN RAINBOW 6041122 8.71 5,447 47,448.84
0.20 QIIK QD QATAR INTERNATIO 6571544 2.69 17,185 46,220.10
0.20 KAYAN AB SAUDI KAYAN PETR B1Z8F66 3.34 13,758 45,995.71
0.20 TOP-R TB THAI OIL PCL-NVDR B030K62 1.37 33,119 45,525.98
0.20 SIIG AB SAUDI IND INVEST B132Y63 6.48 6,929 44,926.09
0.19 BTS-R TB BTS GROUP HOLDIN B0H72C9 0.20 216,301 43,848.86
0.19 OR-R TB PTT OIL & RETA-R BN73M62 0.53 82,158 43,349.13
0.19 BBAJIOO MM BANCO DEL BAJIO SA BYSX0F3 3.37 12,844 43,294.55
0.19 TOWR IJ SARANA MENARA BCDBLX3 0.06 669,754 42,907.82
0.19 ALARKAN AB DAR AL ARKAN REA B2NC4X7 4.26 9,921 42,266.54
0.18 BSFR AB BANQUE SAUDI FRANSI B12LZT1 9.70 4,302 41,748.06
0.18 JARIR AB JARIR MARKETING CO B128FM5 3.86 10,788 41,646.07
0.17 HSBK LI HALYK SAVING-GDR B1KDG41 13.48 2,936 39,577.28
0.17 KOMB CP KOMERCNI BANKA AS 4519449 29.38 1,328 39,011.44
0.17 LUBEREF AB SAUDI ARAMCO BASE OIL CO BMDKMB5 39.72 975 38,730.70
0.17 CPS PW CYFROWY POLSAT SA B2QRCM4 3.00 12,612 37,816.57
0.17 JKH SL JOHN KEELLS HOLDINGS PLC 6475538 0.59 64,452 37,737.69
0.16 SAHOL TI HACI OMER SABANCI HOLDING B03N0C7 2.08 17,819 37,061.08
0.16 YKBNK TI YAPI VE KREDI BANKASI B03MZJ6 0.62 59,015 36,497.07
0.16 SOLUTION AB ARABIAN INTERNET BMVH0Q9 80.14 451 36,143.49
0.16 ALBI AB BANK ALBILAD B12LZP7 10.66 3,370 35,938.04
0.16 TPEIR GA Piraeus Financial BNC0DB0 2.96 12,012 35,539.52
0.15 DUBK QD DUKHAN BANK BNGB5K2 1.07 31,997 34,370.40
0.15 ISB IR ISLANDSBANKI HF BMCR2B7 0.80 42,390 33,894.59
0.15 MBT PM METROPOLITAN BANK & TRUST 6514442 0.94 35,032 32,996.69
0.15 RHBBANK MK RHB BANK BHD 6244675 1.21 27,133 32,820.08
0.14 BCI CI BANCO CRED INVER 2069355 26.12 1,243 32,460.18
0.14 BRD RO BRD-GROUPE SOCIE B07GYB9 3.36 9,557 32,066.82
0.13 GBK KK GULF BANK 6889515 0.84 36,076 30,243.35
0.13 ARNB AB ARAB NATIONAL BANK B12LZK2 6.40 4,681 29,976.17
0.13 ZAINKSA AB MOBILE TELECOMMU B2QG180 3.47 8,295 28,749.10
0.13 RESEARCH AB SAUDI RESEARCH & B156TT1 42.07 677 28,481.32
0.13 NAHDI AB NAHDI MEDICAL CO BMZPZG4 38.82 733 28,453.12
0.12 BUPA AB BUPA ARABIA B2RLCR0 52.52 516 27,100.70
0.12 RATCH-R TB RATCH GROUP PCL-NVDR 6362771 0.90 29,465 26,388.40
0.11 SCB-R TB SCB X PCL-NVDR BPH0728 2.87 8,899 25,577.52
0.11 GPSC-R TB GLOBAL POWER SYNERGY-NVDR BWX43V4 1.34 19,031 25,499.74
0.11 BJC-R TB BERLI JUCKE-NVDR 6360162 0.88 27,283 24,055.41
0.10 BCP MC BANQUE CENTRALE POPULAIRE B01J1K2 24.59 958 23,559.22
0.10 EGCO-R TB ELECTRICITY-NVDR 6368553 3.49 6,400 22,304.92
0.10 MONET CP MONETA MONEY BANK AS BD3CQ16 3.72 5,964 22,160.58
0.09 KBANK-R TB KASIKORNBANK PCL-NVDR 6364766 3.50 5,893 20,619.77
0.08 OTHER PAYABLE & RECEIVABLES 1.00 18,403 18,402.78
0.08 KTB-R TB KRUNG THAI BANK - NVDR 6361466 0.52 33,600 17,541.79
0.08 CASH 1.00 17,144 17,144.17
0.08 TADAWULG AB SAUDI TADAWUL GR BMZQ749 50.39 337 16,980.72
0.07 TAWUNIYA AB CO FOR COOPERATI B128FN6 30.87 506 15,621.53
0.06 SIBC AB SAUDI INVESTMENT BANK/THE B12M7M1 4.21 3,446 14,497.29
0.06 KTC-R TB KRUNGTHAI CARD PCL-NVDR 6561330 1.28 11,308 14,445.10
0.06 BJAZ AB BANK AL-JAZIRA B12LZQ8 4.51 3,137 14,150.75
0.04 GTCO NL GUARANTY TRUST H BLR9K51 0.05 216,406 9,854.08
0.04 ZENITHBA NL ZENITH BANK PLC B01CKG0 0.04 230,376 9,483.50
0.03 MALAYSIAN RINGGIT 0.21 34,814 7,426.91
0.01 ROMANIAN LEU 0.21 5,146 1,103.92
0.00 EGYPTIAN POUND 0.03 21,593 698.82
0.00 PHILLIPINE PESO 0.02 24,447 430.40
0.00 SAB VN SAIGON BEER ALCO BDSFBV5 3.22 100 322.49
0.00 ICELAND KRONA 0.01 27,853 204.32
0.00 BANCO DE CREDITO E INV-RT 0.20 184 36.62
0.00 HDB VN HDBANK BYX3359 0.72 12 8.28
0.00 POLISH ZLOTY 0.24 1 0.17
0.00 SAUDI RIYAL 0.28 0 -0.05
0.00 CZECH REPUBLIC KORUNA 0.04 -4 -0.17
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 08/31/23

Sector Weight (%)
Financials 30.1
Consumer Staples 13.8
Communication Services 11.7
Real Estate 9.0
Industrials 8.9
Utilities 6.5
Consumer Discretionary 5.7
Materials 5.2
Energy 4.5
Health Care 3.4
Information Technology 1.4

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Regional Banks 24.7
Real Estate Development 8.3
Major Telecommunications 5.6
Electric Utilities 5.3
Food Retail 4.3
Other Transportation 4.2
Major Banks 3.4
Specialty Telecommunications 3.1
Discount Stores 3.0
Wireless Telecommunications 2.7
Hospital/Nursing Management 2.4
Other/Cash 33.0

Source: new windowAltaVista Research, LLC

Country Weight (%)
Thailand 9.9
Indonesia 9.9
Saudi Arabia 9.7
Mexico 8.6
Malaysia 7.2
Vietnam 7.1
South Africa 6.9
Qatar 5.1
Uae 5.0
Turkey 4.4
Philippines 4.4
Other/Cash 21.8

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 09/21/23

Return on Equity 13.40%
Weighted Avg. Market Cap 12,379 M
2022 2023
Price-to-earnings 13.29 12.56
Price-to-book value 1.72 1.65

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 08/31/23

Versus Beta
S&P 500 0.64
NASDAQ-100 0.40
MSCI EAFE 0.69
MSCI Emg. Mkts 0.62
Standard Deviation 14.70%

Source: new windowAltaVista Research, LLC

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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.