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EMM

Emerging Markets ETFActive

Morningstar Rating™ - Overall rating out of 718 Diversified Emerging Mkts funds, based on risk-adjusted returns as of 08/31/2023

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 10/02/23

Inception Date 09/24/10
Total Expense Ratio 0.75%
Net Assets $23.79 million
NAV $24.51
Fact Sheet 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 10/02/23

Ticker EMM
Bloomberg IOPV Ticker EMMIV
CUSIP 37960A636
ISIN US37960A6367
Primary Exchange NYSE Arca
Shares Outstanding 970,587
Number of Holdings 64
30-Day Median Bid-Ask Spread 0.47%

Distributions As of 10/02/23

30-Day SEC Yield -0.69%
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 10/02/23

NAV $24.51 Daily Change -$0.11 -0.45%
Market Price $24.28 Daily Change -$0.14 -0.57%

Performance History

As of recent month & quarter-end (09/30/23)
As of recent month & quarter-end (09/30/23)
Fund NAV Market Price Benchmark
1 Year 7.94% 7.06% 11.70%
3 Years -0.78% -1.05% -1.73%
5 Years 1.45% 1.29% 0.55%
10 Years 3.11% 3.02% 2.07%
Since Inception 2.18% 2.11% 1.67%
1 Year 7.94% 7.06% 11.70%
3 Years -0.78% -1.05% -1.73%
5 Years 1.45% 1.29% 0.55%
10 Years 3.11% 3.02% 2.07%
Since Inception 2.18% 2.11% 1.67%
Year-to-Date -2.50% -3.29% 1.82%
1 Month -3.94% -4.12% -2.62%
3 Months -3.19% -3.90% -2.93%
Since Inception 32.39% 31.31% 24.15%
Year-to-Date -2.50% -3.29% 1.82%
1 Month -3.94% -4.12% -2.62%
3 Months -3.19% -3.90% -2.93%
Since Inception 32.39% 31.31% 24.15%

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 10/02/23

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
6.48 SMSN LI SAMSUNG ELECTR-GDR REG S 4942818 1,244.00 1,238 1,540,072.00
4.35 TSM TAIWAN SEMIC-ADR 2113382 87.65 11,793 1,033,656.45
4.31 BABA ALIBABA GRP-ADR BP41ZD1 86.53 11,848 1,025,207.44
4.04 700 HK TENCENT HOLDINGS LTD BMMV2K8 39.09 24,600 961,694.47
3.78 IBN ICICI BANK LTD-SPON ADR 2569286 23.00 39,074 898,702.00
3.77 RIGD LI RELIANC-GDR 144A B16CYP9 55.80 16,063 896,315.40
3.56 TCOM TRIP.COM GROUP LTD-ADR BK1K3N2 34.96 24,248 847,710.08
3.36 CASH 1.00 799,335 799,335.05
2.95 PDD PDD HOLDINGS INC BYVW0F7 99.67 7,036 701,278.12
2.71 1910 HK SAMSONITE INTL B4Q1532 3.43 187,400 643,603.93
2.59 2888 HK STANDARD CHARTERED PLC 6558484 9.22 66,700 615,262.59
2.52 2378 HK PRUDENTIAL PLC B3Q15X5 10.82 55,450 599,981.81
2.50 HDB HDFC BANK LTD-ADR 2781648 57.92 10,274 595,070.08
2.47 BBRI IJ BANK RAKYAT INDO 6709099 0.34 1,737,000 587,202.19
2.25 005380 KS HYUNDAI MOTOR CO 6451055 141.62 3,781 535,459.54
1.89 LEMONTRE IN LEMON TREE HOTELS LTD BF2LSQ7 1.37 327,873 449,120.81
1.82 3690 HK MEITUAN-CLASS B BGJW376 14.63 29,610 433,231.32
1.80 DALBHARA IN DALMIA BHARAT LTD BFN2YR2 28.95 14,772 427,703.80
1.76 ZOMATO IN ZOMATO LTD BL6P210 1.22 341,698 417,652.03
1.73 APHS IN APOLLO HOSPITALS 6273583 61.87 6,648 411,310.79
1.66 PNJ VN PHU NHUAN JEWELRY JSC B64FX58 3.24 122,200 395,876.82
1.63 1928 HK SANDS CHINA LTD B5B23W2 3.06 126,200 386,693.99
1.61 19 HK SWIRE PACIFIC LTD - CL A 6867748 6.75 56,877 383,776.61
1.46 BDMS-R TB BANGKOK DUS-NVDR B013SV4 0.73 474,812 347,070.70
1.44 CPALL-R TB CP ALL PCL-NVDR B08YDH1 1.64 207,700 341,597.97
1.35 2269 HK WUXI BIOLOGICS CAYMAN INC BL6B9P1 5.83 55,100 321,136.16
1.31 GFNORTEO MM GRUPO F BANORT-O 2421041 8.53 36,400 310,478.21
1.26 SUZ SUZANO SA - SPON ADR 2207177 10.67 28,155 300,413.85
1.23 IHH MK IHH HEALTHCARE BHD B83X6P8 1.23 237,800 291,389.44
1.20 1211 HK BYD CO LTD-H 6536651 30.90 9,200 284,249.70
1.19 GRAB GRAB HOLDINGS LTD - CL A BP6NH40 3.48 81,436 283,397.28
1.13 051910 KS LG CHEM LTD 6346913 367.94 732 269,333.04
1.13 RJHI AB AL RAJHI BANK B12LZH9 18.02 14,887 268,320.06
1.13 WALMEX* MM WALMART DE MEXIC BW1YVH8 3.74 71,600 267,712.70
0.99 1880 HK CHINA TOURISM -H BLB6P53 13.27 17,800 236,119.78
0.98 CLIP GLOBAL X 1-3 MONTH T-BILL BNBPYF7 25.13 9,300 233,662.50
0.98 300274 C2 SUNGROW POWER -A BD5CGB4 12.23 19,000 232,463.32
0.96 SNB AB THE SAUDI NATIONAL BANK BSHYYN1 9.04 25,240 228,133.10
0.87 603218 C1 RIYUE HEAVY IN-A BMTCX56 2.17 95,000 206,206.99
0.83 ITUB ITAU UNIBANC-ADR 2849739 5.30 37,185 197,080.50
0.81 CLS SJ CLICKS GROUP LTD 6105578 13.35 14,506 193,637.62
0.79 BUDGET AB UNITED INTERNATI B2493D0 18.90 9,918 187,486.32
0.78 FEC CN FRONTERA ENERGY CORP BD9P7F0 7.30 25,392 185,253.55
0.74 FSR SJ FIRSTRAND LTD 6606996 3.27 54,041 176,620.77
0.72 VAMO3 BZ VAMOS LOCACAO DE BJLSQZ2 1.76 96,700 170,279.71
0.67 1772 HK GANFENG LITHIU-H BZ9NS11 4.10 39,080 160,410.34
0.67 SE SEA LTD-ADR BYWD7L4 43.95 3,642 160,065.90
0.67 MELI MERCADOLIBRE INC B23X1H3 1,259.41 127 159,945.07
0.67 TTMT IN TATA MOTORS LTD B611LV1 7.59 20,830 158,078.86
0.65 TADAWULG AB SAUDI TADAWUL GR BMZQ749 51.94 2,952 153,322.03
0.64 LREN3 BZ LOJAS RENNER S.A. B0CGYD6 2.53 60,400 153,047.08
0.63 ALPHA GA ALPHA SERVICES A BZ1MXR7 1.29 116,657 150,803.65
0.62 VESTA* MM VESTA SAB DE CV B8F6ZF8 3.23 45,500 147,146.07
0.59 SQM QUIMICA Y-SP ADR 2771122 56.24 2,514 141,387.36
0.59 268 HK KINGDEE INTL SFT 6327587 1.23 114,200 140,552.95
0.58 NPN SJ NASPERS LTD-N SHS BN0VX82 158.21 870 137,641.59
0.56 NAHDI AB NAHDI MEDICAL CO BMZPZG4 39.46 3,393 133,888.98
0.54 JAHEZ AB JAHEZ INTERNATIONAL CO BLGSG06 119.23 1,084 129,249.93
0.53 SALIK UH SALIK CO PJSC BJN5952 0.90 139,082 125,713.57
0.51 ARCO ARCOS DORADOS-A B529PQ0 9.31 12,933 120,406.23
0.47 KCHOL TI KOC HOLDING AS B03MVJ8 5.48 20,233 110,863.73
0.46 CPI SJ CAPITEC BANK HOLDINGS LTD 6440859 88.49 1,237 109,461.36
0.45 NU NU HOLDINGS LT-A BN6NP19 7.05 15,178 107,004.90
0.40 VIVA3 BZ VIVARA PARTICIPACOES SA BKTPCJ8 5.25 18,200 95,463.64
0.40 MYTIL GA MYTILINEOS S.A. 5898664 35.29 2,694 95,074.04
0.09 SAUDI RIYAL 0.27 82,863 22,093.17
0.02 THAILAND BAHT 0.03 149,566 4,049.16
0.00 CHINESE YUAN RENMINBI 0.14 -2,917 -398.78
-0.01 SOUTH AFRICAN RAND 0.05 -26,380 -1,374.86
-0.07 HONG KONG DOLLAR 0.13 -130,122 -16,612.98
-0.12 OTHER PAYABLE & RECEIVABLES 1.00 -29,127 -29,127.46
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 09/30/23

Sector Weight (%)
Consumer Discretionary 30.2
Financials 22.8
Information Technology 13.7
Communication Services 6.7
Health Care 6.6
Materials 5.7
Energy 4.8
Industrials 3.6
Consumer Staples 3.6
Real Estate 2.3

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Internet Software/Services 14.0
Internet Retail 11.2
Regional Banks 10.8
Hospital/Nursing Management 6.9
Semiconductors 6.7
Motor Vehicles 6.4
Other Consumer Services 5.6
Major Banks 5.2
Multi-Line Insurance 3.9
Packaged Software 3.7
Chemicals: Specialty 2.8
Other/Cash 22.8

Source: new windowAltaVista Research, LLC

Country Weight (%)
China 23.2
India 18.7
South Korea 10.3
Britain 5.3
Saudi Arabia 4.7
Taiwan 4.5
Brazil 4.2
Mexico 3.2
Thailand 3.0
Luxembourg 2.8
South Africa 2.8
Other/Cash 17.3

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 10/02/23

Return on Equity 13.10%
Weighted Avg. Market Cap 97,212 M
2022 2023
Price-to-earnings 20.76 15.63
Price-to-book value 2.06 2.03

Source: new windowAltaVista Research, LLC

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ETF Documents

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. Exchange-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 08/31, EMM was rated against the following numbers of Diversified Emerging Mkts funds over the following time periods: 718 during the last 3 years, 644 during the last 5 years, 389 during the last 10 years. With respect to these Diversified Emerging Mkts funds, EMM received a Morningstar Rating of 3, 3, and 4 stars, respectively. Past performance is not indicative of future results.

© 2023 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. 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.