EMM


Emerging Markets ETFActive

Reasons to Consider EMM

High Growth Potential

According to the IMF, emerging market and developing economies have returned higher rates of GDP growth than major advanced economies (i.e., the G7) every year dating back to 1999 – a trend they forecast to continue.1

Experienced Portfolio Managers

EMM’s portfolio managers have extensive track records in actively managed emerging market strategies.

ETF Efficiency

In a single trade, EMM delivers access to dozens of emerging market stocks across a range of sectors, along with the outperformance potential of active management.

1IMF, Apr 2023

Key Information As of 03/27/24

Inception Date 09/24/10
Total Expense Ratio 0.75%
Net Assets $26.44 million
NAV $27.24
Standard Fact Sheet (Monthly) View the document
Expanded Fact Sheet (Quarterly) View the document

ETF Summary

The Global X Emerging Markets ETF (EMM) is an actively managed fund sub-advised in part by Mirae Asset Global Investments (Hong Kong) Limited. EMM seeks to invest in emerging market companies that we believe can achieve, or maintain, a dominant position within their respective market. As part of its investment strategy, EMM aims to identify early winners in growing industries, where entrepreneurship can produce long-term global competitiveness.

ETF Objective

The Global X Emerging Markets ETF (EMM) seeks to achieve long-term capital growth.

Trading Details As of 03/27/24

Ticker EMM
Bloomberg IOPV Ticker EMMIV
CUSIP 37960A636
ISIN US37960A6367
Primary Exchange NYSE Arca
Shares Outstanding 970,587
Number of Holdings 71
30-Day Median Bid-Ask Spread 0.48%

Distributions As of 03/27/24

30-Day SEC Yield 0.43%
Distribution Frequency Semi-Annually

Notice: Effective as of the close of business on May 12, 2023, the Fund acquired the assets and liabilities, and assumed the performance, financial and other historical information, of the Mirae Asset Discovery Emerging Markets Fund, a series of the Mirae Asset Discovery Funds.

ETF Prices As of 03/27/24

NAV $27.24 Daily Change $0.08 0.29%
Market Price $27.25 Daily Change $0.20 0.74%

Performance History

As of recent
(12/31/23)
As of recent
(12/31/23)
Fund NAV Market Price Benchmark
1 Year 4.41% 4.21% 9.83%
3 Years -5.46% -5.52% -5.08%
5 Years 4.31% 4.27% 3.68%
10 Years 3.34% 3.32% 2.66%
Since Inception 2.66% 2.65% 2.22%
1 Year 5.47% 5.31% 8.73%
3 Years -6.23% -6.28% -6.30%
5 Years 2.70% 2.67% 1.89%
10 Years 3.64% 3.63% 3.01%
Since Inception 2.74% 2.73% 2.19%
Year-to-Date 4.41% 4.21% 9.83%
1 Month 5.16% 5.38% 3.91%
3 Months 7.08% 7.75% 7.86%
Since Inception 41.76% 41.49% 33.91%
Year-to-Date 1.41% 1.45% -0.11%
1 Month 4.65% 4.91% 4.76%
3 Months 6.64% 6.91% 3.80%
Since Inception 43.76% 43.55% 33.77%

Effective May 12, 2023, the fund acquired the performance, financial, accounting and other historical information of the Mirae Asset Emerging Markets Fund. Performance shown prior to May 15, 2023 reflects the return of the Mirae Asset Emerging Markets Fund's I shares with a NAV conversion ratio of 0.40 applied in connection with the acquisition. Market price returns prior to that date reflects the predecessor fund’s NAV return.

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 03/27/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
8.94 TSM TAIWAN SEMIC-ADR 2113382 136.69 17,293 2,363,780.17
8.35 CASH 1.00 2,207,197 2,207,197.03
7.74 SMSN LI SAMSUNG ELECTR-GDR REG S 4942818 1,475.00 1,388 2,047,300.00
4.31 000660 KS SK HYNIX INC 6450267 134.12 8,500 1,140,055.61
4.10 3661 TT ALCHIP TECHNOLOGIES LTD B4TPSL0 98.43 11,000 1,082,677.17
3.84 IBN ICICI BANK LTD-SPON ADR 2569286 25.97 39,074 1,014,751.78
3.65 2454 TT MEDIATEK INC 6372480 36.40 26,500 964,645.04
2.65 2382 TT QUANTA COMPUTER INC 6141011 8.05 87,000 699,990.63
2.59 BBRI IJ BANK RAKYAT INDO 6709099 0.39 1,737,000 684,720.91
2.33 RIGD LI RELIANC-GDR 144A B16CYP9 71.90 8,563 615,679.70
2.19 LT IN LARSEN & TOUBRO LTD B0166K8 44.45 13,000 577,883.45
1.97 LEMONTRE IN LEMON TREE HOTELS LTD BF2LSQ7 1.59 327,873 521,034.11
1.90 005380 KS HYUNDAI MOTOR CO 6451055 180.91 2,781 503,105.84
1.90 5274 TT ASPEED TECHNOLOGY INC B80VKP3 100.46 5,000 502,280.96
1.88 APHS IN APOLLO HOSPITALS 6273583 74.74 6,648 496,849.37
1.82 PNJ VN PHU NHUAN JEWELRY JSC B64FX58 3.93 122,200 480,520.27
1.74 HDB HDFC BANK LTD-ADR 2781648 55.65 8,274 460,448.10
1.71 BMRI IJ BANK MANDIRI 6651048 0.45 1,000,000 452,538.63
1.68 ZOMATO IN ZOMATO LTD BL6P210 2.15 206,698 444,861.02
1.57 352820 KS HYBE CO LTD BNGCJ25 166.08 2,500 415,199.26
1.49 3037 TT UNIMICRON TECHNOLOGY CORP 6137720 5.98 66,000 394,919.39
1.38 MAXHEALT IN MAX HEALTHCARE I BMB2291 9.62 38,000 365,649.52
1.35 TVSL IN TVS MOTOR CO LTD 6726548 25.46 14,000 356,494.91
1.31 DALBHARA IN DALMIA BHARAT LTD BFN2YR2 23.48 14,772 346,867.28
1.20 SIEM IN SIEMENS LTD B15T569 63.43 5,000 317,146.16
1.19 TTAN IN TITAN CO LTD 6139340 45.09 7,000 315,617.59
1.14 RJHI AB AL RAJHI BANK B12LZH9 22.48 13,397 301,116.38
1.13 GFNORTEO MM GRUPO F BANORT-O 2421041 10.67 27,900 297,675.39
1.12 ITUB ITAU UNIBANC-ADR 2849739 6.94 42,485 294,694.68
1.07 EIM IN EICHER MOTORS LTD BMW4CV8 46.94 6,000 281,640.11
1.06 WALMEX* MM WALMART DE MEXIC BW1YVH8 4.05 69,400 281,286.11
1.05 BDMS-R TB BANGKOK DUS-NVDR B013SV4 0.78 354,812 277,729.80
0.96 RENT3 BZ LOCALIZA RENT A CAR B08K3S0 10.83 23,400 253,521.94
0.93 SALIK UH SALIK CO PJSC BJN5952 1.01 243,782 246,904.81
0.93 TTMT IN TATA MOTORS LTD B611LV1 11.74 20,830 244,490.11
0.88 2317 TT HON HAI 6438564 4.64 50,000 232,002.25
0.87 RRRP3 BZ 3R PETROLEUM OLE BLF7QT3 6.44 35,500 228,615.78
0.85 BUDGET AB UNITED INTERNATI B2493D0 22.72 9,918 225,300.91
0.81 PEPL IN PRESTIGE ESTATES PROJECTS B4T3LF9 14.28 15,000 214,218.25
0.81 VIVA3 BZ VIVARA PARTICIPACOES SA BKTPCJ8 5.14 41,400 212,872.93
0.76 HNDL IN HINDALCO INDUSTRIES LTD B0GWF48 6.69 30,000 200,644.65
0.76 ANTO LN ANTOFAGASTA PLC 0045614 25.07 7,987 200,229.79
0.72 GPL IN GODREJ PROPERTIES LTD BGQL729 27.31 7,000 191,163.82
0.71 SNB AB THE SAUDI NATIONAL BANK BSHYYN1 10.37 18,090 187,623.58
0.70 MELI MERCADOLIBRE INC B23X1H3 1,522.65 122 185,763.30
0.69 VESTA* MM VESTA SAB DE CV B8F6ZF8 3.92 46,400 182,085.72
0.68 GRAB GRAB HOLDINGS LTD - CL A BP6NH40 3.20 56,436 180,595.20
0.66 EBR ELETROBRAS-ADR 2186812 8.39 20,700 173,673.00
0.64 ADNOCDRI UH ADNOC DRILLING CO PJSC BN12D39 1.08 157,000 168,842.48
0.64 000270 KS KIA CORP 6490928 84.23 2,000 168,452.27
0.61 AMERICAN AB AMERICANA RESTAU BP4X2F8 0.92 175,000 160,974.24
0.61 NU NU HOLDINGS LT-A BN6NP19 11.95 13,378 159,867.10
0.60 ALPHA GA ALPHA SERVICES A BZ1MXR7 1.78 88,657 158,095.09
0.59 FSR SJ FIRSTRAND LTD 6606996 3.23 48,041 155,333.22
0.58 NAHDI AB NAHDI MEDICAL CO BMZPZG4 40.47 3,793 153,516.08
0.58 NPN SJ NASPERS LTD-N SHS BN0VX82 174.80 870 152,079.97
0.56 PEO PW BANK PEKAO SA 5473113 44.63 3,300 147,275.26
0.54 8069 TT E INK HOLDINGS INC 6744283 7.12 20,000 142,482.19
0.51 JAHEZ AB JAHEZ INTERNATIONAL CO BLGSG06 9.81 13,680 134,224.92
0.50 GFI GOLD FIELDS LTD-SPONS ADR 2416326 15.61 8,500 132,685.00
0.48 MYTIL GA MYTILINEOS S.A. 5898664 38.78 3,294 127,743.77
0.47 CLS SJ CLICKS GROUP LTD 6105578 15.62 7,906 123,481.87
0.46 RAPT4 BZ RANDON SA IMPLEMENTOS E P B010V49 2.57 47,200 121,110.75
0.46 KCHOL TI KOC HOLDING AS B03MVJ8 5.92 20,333 120,342.50
0.46 3711 TT ASE TECHNOLOGY H BFXZDY1 4.81 25,000 120,297.46
0.44 CPI SJ CAPITEC BANK HOLDINGS LTD 6440859 111.50 1,037 115,627.60
0.43 ABB IN ABB INDIA LTD B1Y9QS9 75.31 1,500 112,966.73
0.42 BDO PM BDO UNIBANK INC B5VJH76 2.75 40,000 109,935.07
0.37 035420 KS NAVER CORP 6560393 140.35 700 98,246.52
0.33 SMPH PM SM PRIME HOLDINGS INC 6818843 0.58 150,000 87,254.29
0.22 3443 TT GLOBAL UNICHIP CORP B056381 38.75 1,500 58,117.74
0.21 DNP PW DINO POLSKA SA BD0YVN2 94.65 580 54,896.01
0.00 PHILLIPINE PESO 0.02 22,500 400.25
0.00 EURO 1.13 0 0.09
0.00 CHINESE YUAN RENMINBI 0.17 0 -0.01
-0.01 SOUTH AFRICAN RAND 0.05 -26,380 -1,396.69
-0.13 OTHER PAYABLE & RECEIVABLES 1.00 -35,257 -35,257.10
-5.58 INDIA RUPEE 0.01 -122,991,773 -1,475,097.35
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 02/29/24

Sector Weight (%)
Information Technology 27.9
Consumer Discretionary 25.2
Financials 19.2
Communication Services 5.9
Industrials 5.4
Energy 4.4
Health Care 4.3
Materials 3.3
Real Estate 2.0
Consumer Staples 1.7
Utilities 0.7

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Semiconductors 23.7
Regional Banks 13.3
Internet Software/Services 9.5
Internet Retail 8.7
Motor Vehicles 5.1
Hospital/Nursing Management 4.5
Computer Processing Hardware 4.2
Other Consumer Services 3.9
Packaged Software 3.0
Other Metals/Minerals 2.9
Major Banks 2.9
Other 18.3

Source: new windowAltaVista Research, LLC

Country Weight (%)
India 22.7
Taiwan 15.1
China 15.1
South Korea 11.6
Brazil 4.6
Saudi Arabia 4.3
Indonesia 3.6
Mexico 3.0
South Africa 2.8
Luxembourg 2.3
Britain 2.3
Other 12.6

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 03/27/24

Return on Equity 14.30%
Weighted Avg. Market Cap 125,696 M
2023 2024
Price-to-earnings 20.33 16.64
Price-to-book value 2.50 2.27

Source: new windowAltaVista Research, LLC

ETF Research

Investing involves risk, including the possible loss of principal. International investments may involve risk of capital loss from unfavorable fluctuation 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. A small number of companies and industries may represent a large portion of the market in a particular country or region, and these companies and industries can be sensitive to adverse social, political, economic or regulatory developments in that country or region.

EMM is actively managed, which could increase its transaction costs (thereby lowering its performance) and could increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate.

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. The 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, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. 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.