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EMFM

MSCI Next Emerging & Frontier ETF

Invest in EMFM
Overview Prices & Performance Holdings & Characteristics Research Documents

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 03/21/23

Inception Date 11/06/13
Total Expense Ratio 0.55%
Net Assets $22.39 million
NAV $18.06
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 03/21/23

Ticker EMFM
Bloomberg Index Ticker NU722163
CUSIP 37950E218
ISIN US37950E2182
Primary Exchange NYSE Arca
Shares Outstanding 1,240,000
Number of Holdings 205
30-Day Median Bid-Ask Spread 0.73%

Distributions As of 03/21/23

30-Day SEC Yield 2.64%
Distribution Frequency Semi-Annually
 Distribution History

ETF Prices As of 03/21/23

NAV $18.06 Daily Change $0.21 1.18%
Market Price $18.20 Daily Change $0.18 1.00%

Performance History

Premium Discount Chart
As of recent
(12/31/22)
As of recent
(12/31/22)
Fund NAV Market Price Index
1 Year -8.94% -8.39% -8.33%
3 Years -1.09% -1.11% -0.34%
5 Years -2.98% -2.77% -2.25%
Since Inception -1.04% -1.01% -0.32%
1 Year -11.50% -12.12% -10.92%
3 Years 3.31% 3.86% 4.08%
5 Years -3.34% -3.16% -2.62%
Since Inception -1.00% -0.95% -0.28%
Year-to-Date -8.94% -8.39% -8.33%
1 Month -3.29% -3.59% -3.23%
3 Months 5.45% 5.85% 5.64%
Since Inception -9.11% -8.84% -2.91%
Year-to-Date 0.22% 0.33% 0.32%
1 Month -3.48% -4.03% -3.40%
3 Months -3.08% -3.27% -2.92%
Since Inception -8.91% -8.54% -2.60%

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 03/21/23

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
2.18 TLKM IJ TELKOM INDONESIA BD4T6W7 0.27 1,817,565 488,000.51
2.08 WALMEX* MM WALMART DE MEXIC BW1YVH8 3.88 120,080 466,415.02
1.86 NBK KK NATIONAL BANK OF KUWAIT 6889526 3.45 120,362 415,406.94
1.81 EAND UH EMIRATES TELECOM GROUP CO 6322173 6.46 62,584 404,213.01
1.74 BBCA IJ BANK CENTRAL ASIA TBK PT B01C1P6 0.55 704,925 390,476.54
1.66 CEZ CP CEZ AS 5624030 47.43 7,843 372,003.93
1.57 SMPH PM SM PRIME HOLDINGS INC 6818843 0.62 561,198 350,426.67
1.53 STC AB SAUDI TELECOM CO B12M7Q5 10.22 33,533 342,729.02
1.46 GFNORTEO MM GRUPO F BANORT-O 2421041 8.07 40,464 326,477.44
1.31 RJHI AB AL RAJHI BANK B12LZH9 19.39 15,132 293,408.80
1.29 GAPB MM AERO DEL PACIF-B B0ZV104 17.76 16,236 288,361.73
1.27 ASII IJ ASTRA INTERNATIO B800MQ5 0.38 742,729 284,361.87
1.27 SHP SJ SHOPRITE HOLDINGS LTD 6801575 11.61 24,430 283,614.16
1.24 BBRI IJ BANK RAKYAT INDO 6709099 0.32 867,734 277,086.78
1.22 CPALL-R TB CP ALL PCL-NVDR B08YDH1 1.83 149,123 272,613.79
1.19 TNB MK TENAGA NASIONAL BHD 6904612 2.12 125,800 266,366.91
1.16 FAB UH FIRST ABU DHABI BANK PJSC 6624471 3.67 71,005 260,622.02
1.11 ASURB MM AERO DEL SURES-B 2639349 28.43 8,768 249,249.67
1.10 IQCD QD INDUSTRIES QATAR 6673570 3.35 73,485 246,177.52
1.07 HPG VN HOA PHAT GROUP JSC B29CC15 0.87 276,421 239,678.16
1.04 ALDAR UH ALDAR PROPERTIES PJSC B0LX3Y2 1.30 179,251 233,303.78
1.01 DNP PW DINO POLSKA SA BD0YVN2 95.12 2,385 226,855.90
1.00 VNM VN VIET NAM DAIRY P B16GLK5 3.15 71,296 224,906.61
1.00 MAREL IR MAREL HF 4907958 4.00 56,023 224,301.03
1.00 AOT-R TB AIRPORTS OF-NVDR 6741206 2.05 109,522 224,149.18
0.98 BDMS-R TB BANGKOK DUS-NVDR B013SV4 0.83 263,807 219,038.59
0.97 PBK MK PUBLIC BANK BERHAD B012W42 0.89 244,335 217,975.77
0.93 VIC VN VINGROUP JSC B27Y417 2.24 92,929 208,041.18
0.92 SNB AB THE SAUDI NATIONAL BANK BSHYYN1 12.22 16,942 206,978.20
0.91 VHM VN VINHOMES JSC BFZBXH0 1.92 106,257 204,539.66
0.89 SBK SJ STANDARD BANK GROUP LTD B030GJ7 8.89 22,523 200,197.71
0.88 SM PM SM INVESTMENTS CORP B068DB9 16.53 11,891 196,545.45
0.84 ADVANC-R TB ADVANCED IN-NVDR 6412609 6.23 30,173 188,114.26
0.84 MSN VN MASAN GROUP CORP B59R0P1 3.40 55,052 186,969.06
0.82 ALI PM AYALA LAND INC 6055112 0.51 357,838 184,012.19
0.79 KAP LI NAC KAZATOG-REGS BGXQL36 28.06 6,267 175,852.02
0.78 FUNO11 MM FIBRA UNO B671GT8 1.26 138,526 174,506.92
0.78 SAFCO AB SABIC AGRI-NUTRIENTS CO B1323K0 36.36 4,791 174,190.36
0.76 ADNOCDIS UH ABU DHABI NATION BYVGM64 1.16 145,395 169,047.84
0.73 BIMAS TI BIM BIRLESIK MAGAZALAR AS B0D0006 7.37 22,209 163,773.97
0.72 BMRI IJ BANK MANDIRI 6651048 0.68 236,722 161,979.86
0.72 CLS SJ CLICKS GROUP LTD 6105578 13.58 11,816 160,431.77
0.72 SAFCOM KN SAFARICOM PLC B2QN3J6 0.15 1,102,711 160,125.47
0.69 SNP RO OMV PETROM SA 7180411 0.10 1,506,451 154,772.36
0.69 OPAP GA OPAP SA 7107250 16.05 9,625 154,462.77
0.68 BAP CREDICORP LTD 2232878 127.99 1,184 151,540.16
0.67 MULTIPLY UH MULTIPLY GROUP BP0PMS1 0.95 156,328 148,983.13
0.65 PTTEP-R TB PTT EXPLOR-NVDR B1359L2 4.08 35,526 144,898.47
0.64 KIMBERA MM KIMBERLY-CLA M-A 2491914 2.07 68,991 142,966.81
0.64 CDB MK CELCOMDIGI BHD 6086242 0.95 149,966 142,840.73
0.63 PTG MK PETRONAS GAS BHD 6703972 3.67 38,506 141,195.84
0.63 HTO GA HELLENIC TELECOM 5051605 14.50 9,672 140,216.19
0.61 SULAIMAN AB DR SULAIMAN AL H BLGM738 70.21 1,957 137,408.27
0.60 CIMB MK CIMB GROUP HOLDINGS BHD 6075745 1.16 116,179 134,816.99
0.60 CASH 1.00 133,943 133,943.48
0.60 QIBK QD QATAR ISLAMIC BANK 6713982 4.80 27,814 133,580.52
0.59 EREGL TI EREGLI B03MS97 1.95 68,262 132,823.11
0.59 QFLS QD QATAR FUEL QSC 6516556 4.50 29,095 131,024.37
0.58 ABG SJ ABSA GROUP LTD BFX05H3 9.29 14,011 130,193.71
0.56 NRP SJ NEPI ROCKCASTLE N.V. BLF9GQ6 5.70 22,002 125,345.09
0.55 CPI SJ CAPITEC BANK HOLDINGS LTD 6440859 85.67 1,439 123,278.46
0.54 KSPI LI JSC KASPI.KZ GDR-REG S BMXZ8G7 73.50 1,631 119,878.50
0.52 MCG SJ MULTICHOICE GROUP LTD BHZSKR4 6.47 18,121 117,152.56
0.52 AMRT IJ SUMBER ALFARIA T BCDBLJ9 0.19 615,477 116,316.93
0.52 PEP MK PPB GROUP BERHAD 6681669 3.72 31,043 115,634.74
0.51 GULF-R TB GULF ENERGY DE-R BFN4H35 1.54 74,876 115,068.00
0.51 MPHC QD MESAIEED PETROCH BK4Z0B1 0.54 212,063 114,191.13
0.51 SQUARE BD SQUARE PHARMACEU 6833802 1.96 57,869 113,455.90
0.50 KLBF IJ KALBE FARMA TBK PT B7311V6 0.14 781,618 112,569.29
0.50 SECO AB SAUDI ELECTRICITY CO B132NM2 6.04 18,629 112,455.28
0.50 VRE VN VINCOM RETAIL JSC BZ0WW59 1.25 89,090 111,244.46
0.48 URC PM UNIVERSAL ROBINA CORP 6919519 2.57 42,074 108,179.25
0.48 ALE PW ALLEGRO.EU SA BMBQDF6 6.00 17,958 107,742.64
0.48 QGTS QD QATAR GAS TRANSP B0MLBC9 0.89 120,171 106,913.99
0.47 EMIRATES UH EMIRATES NBD PJSC B28PFX8 3.49 30,450 106,127.89
0.47 HAR SJ HARMONY GOLD MNG 6410562 3.89 26,917 104,785.07
0.46 NESZ MK NESTLE (MALAYSIA) BERHAD 6629335 30.07 3,432 103,209.39
0.46 PINFRA* MM PROMOTORA Y OPER 2393388 9.91 10,321 102,322.76
0.45 TLEVICPO MM GRUPO TELEV-CPO 2380108 0.93 108,765 101,654.98
0.45 TEL PM PLDT INC BDGN274 24.28 4,168 101,195.52
0.45 ADCB UH ABU DHABI COMMERCIAL BANK 6545464 2.25 44,717 100,817.35
0.45 MAXIS MK MAXIS BHD B5387L5 0.88 113,945 100,378.60
0.45 CPN-R TB CENTRAL PATTANA PCL-NVDR B013L15 1.93 51,581 99,555.46
0.43 QEWS QD QATAR ELECTRICIT 6566614 4.53 21,195 95,971.87
0.43 TCELL TI TURKCELL B03MYN3 1.61 59,496 95,565.10
0.42 BH-R TB BUMRUNGRAD-NVDR B0166J7 6.21 15,125 93,856.52
0.42 EA-R TB ENERGY ABSOLUTE PCL-NVDR B9L4K92 2.19 42,680 93,566.50
0.42 ASELS TI ASELSAN ELEKTRONIK SANAYI B03MP41 2.80 33,293 93,269.22
0.42 PKO PW PKO BANK POLSKI SA B03NGS5 6.43 14,477 93,042.79
0.41 DANGCEM NL DANGOTE CEMENT PLC B4TFNR1 0.63 146,538 91,596.19
0.41 PPH SJ PEPKOR HOLDINGS LTD BFXG366 0.93 98,180 91,152.05
0.41 AXIATA MK AXIATA GROUP BERHAD B2QZGV5 0.68 133,600 91,107.88
0.40 EEC AB ETIHAD ETISALAT CO B12LR51 10.71 8,435 90,364.58
0.40 MRP SJ MR PRICE GROUP LTD BYXW419 7.28 12,384 90,133.92
0.40 BDO PM BDO UNIBANK INC B5VJH76 2.28 39,054 88,937.49
0.40 CPIN IJ CHAROEN POK INDO 6315344 0.32 273,876 88,704.05
0.39 PPC GA PUBLIC POWER CORP 7268298 8.61 10,186 87,657.13
0.39 CBQK QD COMMERCIAL BANK PSQC 6150448 1.63 53,239 86,691.09
0.38 SLM SJ SANLAM LTD B0L6750 2.92 29,266 85,372.29
0.38 NED SJ NEDBANK GROUP LTD 6628008 11.19 7,562 84,639.05
0.37 HEKTS TI HEKTAS TICARET T.A.S B03MTG1 1.50 55,521 83,052.06
0.37 RIBL AB RIYAD BANK B12LZW4 7.91 10,423 82,394.16
0.36 ALMARAI AB ALMARAI CO B137VV2 14.27 5,589 79,734.48
0.36 FALAB CI FALABELLA SA 2771672 2.18 36,491 79,444.04
0.35 UNVR IJ UNILEVER INDONESIA TBK PT 6687184 0.27 282,976 77,451.89
0.35 MER PM MANILA ELECTRIC COMPANY B247XZ6 5.66 13,686 77,415.76
0.34 PZU PW PZU B63DG21 7.64 9,963 76,091.87
0.34 MABANEE KK MABANEE CO KPSC B00PQY0 2.47 30,460 75,218.46
0.33 TLV RO BANCA TRANSILVANIA SA 5393307 4.26 17,491 74,560.09
0.33 BRES QD BARWA REAL ESTATE CO B0YTG26 0.71 103,960 73,679.07
0.32 ARI SJ AFRICAN RAINBOW 6041122 13.14 5,447 71,570.30
0.31 DIB UH DUBAI ISLAMIC BANK 6283452 1.51 46,536 70,072.31
0.31 CHILE CI BANCO DE CHILE 2100845 0.09 749,203 69,261.64
0.31 ISA CB ISA SA 2205706 3.24 21,325 69,047.49
0.30 COMI EY COMMERCIAL INTL 6243898 1.60 42,261 67,699.66
0.30 VJC VN VIETJET AVIATION JSC BYP2451 4.40 15,380 67,688.95
0.30 QLG MK QL RESOURCES BHD B00G234 1.27 52,967 67,267.20
0.30 PETD MK PETRONAS DAGANGAN BHD 6695938 4.65 14,412 66,960.62
0.30 MARK QD MASRAF AL RAYAN B0VR7W0 0.72 91,757 66,189.51
0.29 GFINBURO MM GRUPO FIN INB-O 2822398 1.96 33,655 65,848.11
0.29 INDF IJ INDOFOOD SUKSES 6283979 0.40 163,595 65,299.41
0.29 SABB AB SAUDI BRITISH BANK B12LSY7 9.13 7,141 65,192.91
0.28 BEXIMC BD BEXIMCO EXPORT 6097987 1.08 58,288 62,966.95
0.28 YANSAB AB YANBU NATIONAL P B128CF7 11.05 5,660 62,518.96
0.28 INTUCH-R TB INTOUCH HOLDINGS PCL-NVDR 6397557 2.18 28,566 62,416.61
0.28 HMPRO-R TB HOME PRODUCT-NVD 6418555 0.41 151,133 62,082.31
0.28 PGE PW PGE SA B544PW9 1.43 43,475 62,033.67
0.27 ADIB UH ABU DHABI ISLAMIC BANK 6001728 2.61 23,464 61,334.60
0.27 ELM AB ELM CO BNYDSH8 113.39 535 60,661.15
0.27 REM SJ REMGRO LTD 6290689 6.99 8,671 60,608.33
0.27 QHOLDING UH Q HOLDING PJSC BF0R9V9 0.65 92,567 60,240.20
0.27 ALINMA AB ALINMA BANK B39NWT3 7.93 7,566 60,010.86
0.27 LH-R TB LAND & HOUSES PUB - NVDR 6581941 0.28 213,635 59,749.34
0.27 CRC-R TB CENTRAL RETAIL-R BKV24W4 1.29 46,316 59,708.17
0.27 T MK TELEKOM MALAYSIA BHD 6868398 1.08 54,855 59,362.37
0.26 MOUWASAT AB MOUWASAT MEDICAL B403QG4 53.23 1,096 58,342.87
0.26 PEO PW BANK PEKAO SA 5473113 18.99 3,025 57,435.08
0.25 BBNI IJ BANK NEGARA INDO 6727121 0.60 94,138 56,593.23
0.25 BPI PM BANK PHILIPPINE 6074968 1.89 29,718 56,106.71
0.25 VCB VN BANK FOR FOREIGN B622TR5 3.67 15,206 55,769.30
0.25 TOPG MK TOP GLOVE CORP BHD B05L892 0.21 258,205 55,422.43
0.25 ICBP IJ INDOFOOD CBP SUK B4LD3M8 0.63 86,922 54,945.81
0.24 ATW MC ATTIJARIWAFA BANK BMX3JT1 37.50 1,418 53,181.89
0.24 JARIR AB JARIR MARKETING CO B128FM5 40.14 1,316 52,820.74
0.23 SMGR IJ SEMEN INDONESIA 6795236 0.41 126,293 51,438.99
0.23 KAYAN AB SAUDI KAYAN PETR B1Z8F66 3.11 16,434 51,177.18
0.22 OR-R TB PTT OIL & RETA-R BN73M62 0.61 81,658 49,958.28
0.22 BEM-R TB BANGKOK EXPRESSWAY-NVDR BDCR9C4 0.25 195,336 48,940.70
0.22 OMU SJ OLD MUTUAL LTD BDVPYN5 0.59 82,435 48,271.95
0.22 SCGP-R TB SCG PACKAGING PCL-NVDR BMC0T59 1.37 35,249 48,265.20
0.21 TOP-R TB THAI OIL PCL-NVDR B030K62 1.45 33,119 48,002.05
0.21 HLBK MK HONG LEONG BANK BERHAD 6436892 4.47 10,712 47,901.62
0.21 AKBNK TI AKBANK T.A.S. B03MN70 0.92 51,295 47,424.10
0.21 ALARKAN AB DAR AL ARKAN REA B2NC4X7 3.94 11,917 46,943.55
0.21 CPS PW CYFROWY POLSAT SA B2QRCM4 3.77 12,369 46,651.35
0.21 ALPHA GA ALPHA SERVICES A BZ1MXR7 1.25 36,867 46,080.77
0.21 BKMB OM BANKMUSCAT SAOG B11WYH6 0.75 61,322 46,025.34
0.21 BSAN CI BANCO SANTANDER CHILE 2000257 0.04 1,085,431 46,020.58
0.20 ETE GA NATIONAL BANK OF GREECE BG087C6 5.00 9,017 45,062.66
0.20 TOWR IJ SARANA MENARA BCDBLX3 0.06 759,754 45,055.47
0.20 ARION IR ARION BANKI HF BG43JW1 0.99 44,501 44,063.56
0.20 BTS-R TB BTS GROUP HOLDIN B0H72C9 0.20 215,201 43,886.58
0.20 BSFR AB BANQUE SAUDI FRANSI B12LZT1 9.52 4,595 43,722.88
0.19 NIGERIAN NAIRA 0.00 20,017,437 43,445.33
0.19 BBAJIOO MM BANCO DEL BAJIO SA BYSX0F3 3.37 12,844 43,277.69
0.19 NAHDI AB NAHDI MEDICAL CO BMZPZG4 48.49 879 42,626.97
0.19 QIIK QD QATAR INTERNATIO 6571544 2.61 16,314 42,602.08
0.19 RNI SJ REINET INVESTMENTS SCA BF52QF2 18.83 2,227 41,943.83
0.19 SAVOLA AB SAVOLA B133RS9 7.08 5,896 41,743.26
0.19 ISCTR TI TURKIYE IS BANKASI-C B03MYS8 0.72 58,025 41,599.46
0.18 RESEARCH AB SAUDI RESEARCH & B156TT1 49.67 811 40,279.10
0.18 KOMB CP KOMERCNI BANKA AS 4519449 31.86 1,260 40,146.46
0.18 ALBI AB BANK ALBILAD B12LZP7 10.25 3,816 39,103.56
0.17 GPSC-R TB GLOBAL POWER SYNERGY-NVDR BWX43V4 1.97 19,031 37,563.01
0.17 SPL PW SANTANDER BANK POLSKA SA 7153639 63.07 595 37,529.60
0.16 BJC-R TB BERLI JUCKE-NVDR 6360162 1.11 32,583 36,308.81
0.16 SAHOL TI HACI OMER SABANCI HOLDING B03N0C7 2.15 16,907 36,291.97
0.15 ISB IR ISLANDSBANKI HF BMCR2B7 0.85 39,059 33,182.07
0.15 RATCH-R TB RATCH GROUP PCL-NVDR 6362771 1.11 29,465 32,834.27
0.15 EGCO-R TB ELECTRICITY-NVDR 6368553 4.49 7,300 32,751.64
0.15 ARNB AB ARAB NATIONAL BANK B12LZK2 6.97 4,681 32,642.78
0.14 MBT PM METROPOLITAN BANK & TRUST 6514442 1.07 29,702 31,911.24
0.14 HSBK LI HALYK SAVING-GDR B1KDG41 11.12 2,752 30,602.24
0.14 SSI VN SSI SECURITIES CORP B1LB8G0 0.85 35,850 30,400.68
0.14 NVL VN NO VA LAND INVES BYZCMP7 0.47 64,746 30,334.67
0.13 RHBBANK MK RHB BANK BHD 6244675 1.23 24,233 29,908.59
0.13 JKH SL JOHN KEELLS HOLDINGS PLC 6475538 0.45 64,452 28,868.08
0.13 ZAINKSA AB MOBILE TELECOMMU B2QG180 2.84 9,961 28,262.29
0.13 BCI CI BANCO CRED INVER 2069355 28.83 972 28,018.00
0.12 GBK KK GULF BANK 6889515 0.96 27,251 26,046.46
0.11 BUPA AB BUPA ARABIA B2RLCR0 40.99 587 24,060.58
0.11 SCB-R TB SCB X PCL-NVDR BPH0728 2.97 7,899 23,472.63
0.09 MONET CP MONETA MONEY BANK AS BD3CQ16 3.77 5,409 20,416.77
0.09 KBANK-R TB KASIKORNBANK PCL-NVDR 6364766 3.85 5,193 19,970.17
0.08 BRD RO BRD-GROUPE SOCIE B07GYB9 2.64 6,869 18,157.80
0.07 KTB-R TB KRUNG THAI BANK - NVDR 6361466 0.49 30,600 14,976.84
0.07 SIBC AB SAUDI INVESTMENT BANK/THE B12M7M1 4.26 3,515 14,968.99
0.06 BCP MC BANQUE CENTRALE POPULAIRE B01J1K2 22.44 594 13,332.10
0.06 KTC-R TB KRUNGTHAI CARD PCL-NVDR 6561330 1.56 8,508 13,260.83
0.06 TADAWULG AB SAUDI TADAWUL GR BMZQ749 37.69 344 12,964.89
0.06 BJAZ AB BANK AL-JAZIRA B12LZQ8 4.63 2,755 12,744.38
0.06 ZENITHBA NL ZENITH BANK PLC B01CKG0 0.05 230,376 12,550.05
0.05 GTCO NL GUARANTY TRUST H BLR9K51 0.05 216,406 11,554.18
0.04 SAWAD-R TB SRISAWAD CORP PCL-NVDR BMHS7D2 1.45 6,212 9,003.55
0.01 ROMANIAN LEU 0.22 5,146 1,126.01
0.00 SAB VN SAIGON BEER ALCO BDSFBV5 7.89 50 394.32
0.00 HDB VN HDBANK BYX3359 0.74 10 7.38
0.00 KFH KK KUWAIT FINANCE HOUSE 6503138 2.71 0 1.30
0.00 HONG KONG DOLLAR 0.13 7 0.93
0.00 SINGAPORE DOLLAR 0.75 1 0.39
0.00 POLISH ZLOTY 0.23 0 0.07
0.00 SWEDISH KRONE 0.10 0 0.03
0.00 AUSTRALIAN DOLLAR 0.67 0 0.02
0.00 COLOMBIAN PESO 0.00 27 0.01
0.00 EURO 1.00 0 0.01
0.00 HUNGARIAN FORINT 0.01 2 0.01
0.00 MALAYSIAN RINGGIT 0.25 0 0.01
0.00 THAILAND BAHT 0.03 0 0.01
0.00 CHILEAN PESO 0.00 0 0.00
0.00 ICELAND KRONA 0.00 0 0.00
0.00 INDONESIA RUPIAH 0.00 -3 0.00
0.00 KENYA SHILLING 0.00 0 0.00
0.00 KOREAN WON 0.00 1 0.00
0.00 MEXICAN PESO 0.00 0 0.00
0.00 PHILLIPINE PESO 0.00 0 0.00
0.00 SOUTH AFRICAN RAND 0.00 0 0.00
0.00 UAE DIRHAM 0.00 0 0.00
0.00 VIETNAMESE DONG 0.00 -1 0.00
0.00 SAUDI RIYAL 0.29 0 -0.04
0.00 CZECH REPUBLIC KORUNA 0.05 -2 -0.09
-0.05 QATAR RIYAL SPOT 0.27 -40,812 -11,206.72
Holdings are subject to change. "Cash" denotes U.S. dollars.

Sector Breakdown As of 02/28/23

Sector Weight (%)
Financials 29.9
Consumer Staples 13.7
Communication Services 12.7
Industrials 9.3
Real Estate 8.8
Utilities 7.1
Materials 6.3
Consumer Discretionary 5.5
Health Care 3.4
Energy 3.0
Information Technology 0.2
Other/Cash 0.1

Source: AltaVista Research, LLC

Country Breakdown As of 02/28/23

Country Weight (%)
Indonesia 10.2
Thailand 9.5
Mexico 9.1
Saudi Arabia 8.9
South Africa 8.0
Malaysia 7.4
Vietnam 5.9
Uae 5.8
Qatar 5.3
Philippines 5.2
Turkey 3.3
Other/Cash 21.4

Source: AltaVista Research, LLC

ETF Characteristics As of 03/21/23

Return on Equity 13.20%
Weighted Avg. Market Cap 9,657 M
2022 2023
Price-to-earnings 13.30 12.56
Price-to-book value 1.72 1.61

Source: AltaVista Research, LLC

ETF Risk Stats As of 02/28/23

Versus Beta
S&P 500 0.73
MSCI EAFE 0.80
MSCI Emg. Mkts 0.67
Standard Deviation 18.60%

Source: AltaVista Research, LLC

ETF Documents

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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