| NAV | $26.49 | Daily Change | $0.29 | 1.11% |
| Market Price | $26.40 | Daily Change | $0.06 | 0.23% |
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
EMM’s portfolio managers have extensive track records in actively managed emerging market strategies.
In a single trade, EMM delivers access to fundamental stock picks across a range of sectors, with a focus on secular consumption stories across Emerging Markets, excluding China.
1IMF, Apr 2023
| Inception Date | 09/24/10 |
| Total Expense Ratio | 0.75% |
| Net Assets | $25.71 million |
| NAV | $26.49 |
| Standard Fact Sheet (Monthly) | View the document |
| Expanded Fact Sheet (Quarterly) | View the document |
The Global X Emerging Markets ex-China 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 , excluding China, 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.
The Global X Emerging Markets ex-China ETF (EMM) seeks to achieve long-term capital growth.
| 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 | 0.46% |
| 30-Day SEC Yield | 0.02% |
| 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.
| NAV | $26.49 | Daily Change | $0.29 | 1.11% |
| Market Price | $26.40 | Daily Change | $0.06 | 0.23% |
Effective May 12, 2023, the fund acquired the performance, financial, accounting and other historical information of the Mirae Asset Emerging Markets Fund. Performance shown prior to May 15, 2023 reflects the return of the Mirae Asset Emerging Markets Fund's I shares with a NAV conversion ratio of 0.40 applied in connection with the acquisition. Market price returns prior to that date reflects the predecessor fund’s NAV return.
From September 24, 2010 through March 29, 2024, the fund benchmark was the MSCI Emerging Markets Index. Effective April 1, 2024, and thereafter, the fund benchmark is the MSCI Emerging Markets ex China Index Net Total Return (NETR) Index. Performance information on this table includes both benchmarks denoted as "Previous" and "Current". Historical performance of the current benchmark on this table begins from March 09, 2017, onward.
Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.
| Net Assets (%) | Ticker | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
|---|---|---|---|---|---|---|
| 9.20 | TSM | TAIWAN SEMIC-ADR | 2113382 | 132.97 | 17,793 | 2,365,935.21 |
| 7.10 | SMSN LI | SAMSUNG ELECTR-GDR REG S | 4942818 | 1,417.00 | 1,288 | 1,825,096.00 |
| 4.04 | 000660 KS | SK HYNIX INC | 6450267 | 131.32 | 7,900 | 1,037,408.71 |
| 3.20 | 3661 TT | ALCHIP TECHNOLOGIES LTD | B4TPSL0 | 91.52 | 9,000 | 823,656.08 |
| 3.14 | IBN | ICICI BANK LTD-SPON ADR | 2569286 | 26.19 | 30,774 | 805,971.06 |
| 2.72 | 2454 TT | MEDIATEK INC | 6372480 | 31.07 | 22,500 | 699,069.45 |
| 2.37 | 2382 TT | QUANTA COMPUTER INC | 6141011 | 8.01 | 76,000 | 609,028.69 |
| 2.33 | RIGD LI | RELIANC-GDR 144A | B16CYP9 | 69.90 | 8,563 | 598,553.70 |
| 2.21 | LT IN | LARSEN & TOUBRO LTD | B0166K8 | 43.62 | 13,000 | 567,101.82 |
| 2.09 | LEMONTRE IN | LEMON TREE HOTELS LTD | BF2LSQ7 | 1.64 | 327,873 | 538,101.47 |
| 2.03 | TTAN IN | TITAN CO LTD | 6139340 | 43.32 | 12,042 | 521,683.31 |
| 1.95 | APHS IN | APOLLO HOSPITALS | 6273583 | 75.41 | 6,648 | 501,318.18 |
| 1.88 | HDB | HDFC BANK LTD-ADR | 2781648 | 58.26 | 8,274 | 482,043.24 |
| 1.80 | 5274 TT | ASPEED TECHNOLOGY INC | B80VKP3 | 92.29 | 5,000 | 461,431.98 |
| 1.78 | ZOMATO IN | ZOMATO LTD | BL6P210 | 2.21 | 206,698 | 457,433.94 |
| 1.75 | ANTO LN | ANTOFAGASTA PLC | 0045614 | 26.93 | 16,742 | 450,877.46 |
| 1.71 | 005380 KS | HYUNDAI MOTOR CO | 6451055 | 184.41 | 2,381 | 439,090.34 |
| 1.57 | BBCA IJ | BANK CENTRAL ASIA TBK PT | B01C1P6 | 0.62 | 653,300 | 402,372.95 |
| 1.51 | WALMEX* MM | WALMART DE MEXIC | BW1YVH8 | 3.84 | 101,000 | 388,134.39 |
| 1.51 | ITUB | ITAU UNIBANC-ADR | 2849739 | 6.21 | 62,285 | 386,789.85 |
| 1.50 | 352820 KS | HYBE CO LTD | BNGCJ25 | 154.10 | 2,500 | 385,261.47 |
| 1.48 | 3037 TT | UNIMICRON TECHNOLOGY CORP | 6137720 | 5.75 | 66,000 | 379,666.23 |
| 1.44 | MAXHEALT IN | MAX HEALTHCARE I | BMB2291 | 9.73 | 38,000 | 369,858.53 |
| 1.43 | GFNORTEO MM | GRUPO F BANORT-O | 2421041 | 10.22 | 35,900 | 366,852.27 |
| 1.42 | RENT3 BZ | LOCALIZA RENT A CAR | B08K3S0 | 9.59 | 38,000 | 364,406.75 |
| 1.39 | VIVA3 BZ | VIVARA PARTICIPACOES SA | BKTPCJ8 | 4.40 | 81,300 | 357,386.86 |
| 1.35 | DALBHARA IN | DALMIA BHARAT LTD | BFN2YR2 | 23.56 | 14,772 | 347,973.80 |
| 1.34 | RJHI AB | AL RAJHI BANK | B12LZH9 | 20.96 | 16,397 | 343,616.98 |
| 1.32 | SIEM IN | SIEMENS LTD | B15T569 | 68.04 | 5,000 | 340,176.12 |
| 1.28 | TVSL IN | TVS MOTOR CO LTD | 6726548 | 23.57 | 14,000 | 330,040.35 |
| 1.27 | EIM IN | EICHER MOTORS LTD | BMW4CV8 | 54.37 | 6,000 | 326,247.92 |
| 1.07 | ALPHA GA | ALPHA SERVICES A | BZ1MXR7 | 1.74 | 158,648 | 275,893.35 |
| 1.07 | BMRI IJ | BANK MANDIRI | 6651048 | 0.44 | 627,100 | 273,664.81 |
| 1.05 | BDMS-R TB | BANGKOK DUS-NVDR | B013SV4 | 0.76 | 354,812 | 270,739.12 |
| 1.04 | AMRT IJ | SUMBER ALFARIA T | BCDBLJ9 | 0.18 | 1,491,000 | 267,650.88 |
| 1.04 | AMERICAN AB | AMERICANA RESTAU | BP4X2F8 | 0.90 | 297,000 | 266,062.34 |
| 1.00 | ADNOCDRI UH | ADNOC DRILLING CO PJSC | BN12D39 | 1.05 | 246,500 | 257,742.68 |
| 1.00 | ABB IN | ABB INDIA LTD | B1Y9QS9 | 76.13 | 3,362 | 255,965.72 |
| 0.96 | TTMT IN | TATA MOTORS LTD | B611LV1 | 11.90 | 20,830 | 247,901.34 |
| 0.96 | PNJ VN | PHU NHUAN JEWELRY JSC | B64FX58 | 3.71 | 66,500 | 246,693.55 |
| 0.95 | BBRI IJ | BANK RAKYAT INDO | 6709099 | 0.32 | 757,500 | 244,997.68 |
| 0.94 | FSR SJ | FIRSTRAND LTD | 6606996 | 3.22 | 74,766 | 240,837.09 |
| 0.92 | PEPL IN | PRESTIGE ESTATES PROJECTS | B4T3LF9 | 15.73 | 15,000 | 236,007.14 |
| 0.92 | MELI | MERCADOLIBRE INC | B23X1H3 | 1,370.00 | 172 | 235,640.00 |
| 0.90 | RRRP3 BZ | 3R PETROLEUM OLE | BLF7QT3 | 6.50 | 35,500 | 230,919.46 |
| 0.89 | HNDL IN | HINDALCO INDUSTRIES LTD | B0GWF48 | 7.63 | 30,000 | 229,022.34 |
| 0.89 | SALIK UH | SALIK CO PJSC | BJN5952 | 0.94 | 243,782 | 229,012.36 |
| 0.85 | BUDGET AB | UNITED INTERNATI | B2493D0 | 22.10 | 9,918 | 219,213.00 |
| 0.85 | CASH | 1.00 | 218,922 | 218,922.23 | ||
| 0.83 | GPL IN | GODREJ PROPERTIES LTD | BGQL729 | 30.62 | 7,000 | 214,338.05 |
| 0.72 | NU | NU HOLDINGS LT-A | BN6NP19 | 10.77 | 17,278 | 186,084.06 |
| 0.69 | SNB AB | THE SAUDI NATIONAL BANK | BSHYYN1 | 9.85 | 18,090 | 178,213.53 |
| 0.66 | 000270 KS | KIA CORP | 6490928 | 84.87 | 2,000 | 169,734.15 |
| 0.65 | NPN SJ | NASPERS LTD-N SHS | BN0VX82 | 191.09 | 870 | 166,247.57 |
| 0.64 | VESTA* MM | VESTA SAB DE CV | B8F6ZF8 | 3.55 | 46,400 | 164,851.75 |
| 0.58 | EBR | ELETROBRAS-ADR | 2186812 | 7.17 | 20,700 | 148,419.00 |
| 0.56 | GFI | GOLD FIELDS LTD-SPONS ADR | 2416326 | 16.96 | 8,500 | 144,160.00 |
| 0.55 | PEO PW | BANK PEKAO SA | 5473113 | 42.53 | 3,300 | 140,363.10 |
| 0.54 | NAHDI AB | NAHDI MEDICAL CO | BMZPZG4 | 36.26 | 3,793 | 137,533.79 |
| 0.53 | DNP PW | DINO POLSKA SA | BD0YVN2 | 94.41 | 1,433 | 135,282.85 |
| 0.53 | MYTIL GA | MYTILINEOS S.A. | 5898664 | 40.94 | 3,294 | 134,847.05 |
| 0.52 | KCHOL TI | KOC HOLDING AS | B03MVJ8 | 6.52 | 20,333 | 132,519.96 |
| 0.50 | 8069 TT | E INK HOLDINGS INC | 6744283 | 6.43 | 20,000 | 128,585.71 |
| 0.46 | CLS SJ | CLICKS GROUP LTD | 6105578 | 14.91 | 7,906 | 117,860.44 |
| 0.45 | JAHEZ AB | JAHEZ INTERNATIONAL CO | BLGSG06 | 8.53 | 13,680 | 116,714.21 |
| 0.45 | CPI SJ | CAPITEC BANK HOLDINGS LTD | 6440859 | 112.16 | 1,037 | 116,313.28 |
| 0.44 | 3711 TT | ASE TECHNOLOGY H | BFXZDY1 | 4.55 | 25,000 | 113,819.89 |
| 0.41 | RAPT4 BZ | RANDON SA IMPLEMENTOS E P | B010V49 | 2.25 | 47,200 | 106,028.39 |
| 0.39 | BDO PM | BDO UNIBANK INC | B5VJH76 | 2.50 | 40,000 | 100,162.48 |
| 0.37 | 035420 KS | NAVER CORP | 6560393 | 134.17 | 700 | 93,916.16 |
| 0.29 | SMPH PM | SM PRIME HOLDINGS INC | 6818843 | 0.50 | 150,000 | 74,548.41 |
| 0.21 | 3443 TT | GLOBAL UNICHIP CORP | B056381 | 36.61 | 1,500 | 54,910.41 |
| 0.00 | KOREAN WON | 0.00 | 1,404,000 | 1,025.42 | ||
| 0.00 | EURO | 1.13 | 0 | 0.09 | ||
| 0.00 | CHINESE YUAN RENMINBI | 0.17 | 0 | -0.01 | ||
| 0.00 | UAE DIRHAM | 0.27 | -1 | -0.17 | ||
| -0.01 | SOUTH AFRICAN RAND | 0.05 | -26,380 | -1,371.46 | ||
| -0.34 | OTHER PAYABLE & RECEIVABLES | 1.00 | -88,178 | -88,177.92 |
| Sector | Weight (%) | |
|---|---|---|
| Information Technology | 37.2 | |
| Financials | 17.7 | |
| Consumer Discretionary | 15.8 | |
| Industrials | 7.9 | |
| Health Care | 5.1 | |
| Energy | 3.9 | |
| Materials | 3.5 | |
| Communication Services | 3.2 | |
| Real Estate | 2.8 | |
| Consumer Staples | 2.3 | |
| Utilities | 0.7 |
| Industry | Weight (%) | |
|---|---|---|
| Semiconductors | 33.1 | |
| Regional Banks | 16.1 | |
| Motor Vehicles | 5.6 | |
| Computer Processing Hardware | 5.3 | |
| Hospital/Nursing Management | 5.2 | |
| Internet Software/Services | 4.6 | |
| Engineering & Construction | 3.9 | |
| Other Metals/Minerals | 3.5 | |
| Packaged Software | 3.0 | |
| Miscellaneous Commercial Services | 2.7 | |
| Discount Stores | 2.7 | |
| Other | 14.3 |
| Country | Weight (%) | |
|---|---|---|
| India | 26.3 | |
| Taiwan | 25.1 | |
| South Korea | 15.6 | |
| Brazil | 7.3 | |
| Indonesia | 4.2 | |
| Saudi Arabia | 3.9 | |
| Mexico | 3.9 | |
| South Africa | 2.7 | |
| Vietnam | 1.9 | |
| Uae | 1.6 | |
| Thailand | 1.1 | |
| Other | 6.4 |
All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.
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 03/31, EMM was rated against the following numbers of Diversified Emerging Mkts funds over the following time periods: 721 during the last 3 years, 657 during the last 5 years, 425 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.