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EMBD

Emerging Markets Bond ETFActive

Reasons to Consider EMBD

Experienced Portfolio Managers

EMBD’s portfolio managers have extensive track records in actively-managed emerging market debt strategies.

Competitive Cost

At a 0.39% Total Expense Ratio, EMBD offers the outperformance potential and risk management of active portfolio managers, at a competitive cost.

High Yield Potential

By targeting emerging market debt securities, EMBD aims to offer high yields with low correlations to other fixed income securities.

Key Information As of 11/22/23

Inception Date 06/01/20
Total Expense Ratio 0.39%
Net Assets $119.62 million
NAV $21.36
Fact Sheet View the document

ETF Summary

The Global X Emerging Markets Bond ETF (EMBD) is an actively managed fund sub-advised by Mirae Asset Global Investments (USA) LLC that seeks a high level of total return, consisting of both income and capital appreciation, by investing in emerging market debt. EMBD primarily invests in emerging market debt securities denominated in U.S. dollars, however, the Fund may also invest in those denominated in applicable local foreign currencies. Securities may include fixed-rate and floating-rate debt instruments issued by sovereign, quasi-sovereign, and corporate entities from emerging market countries.

EMBD’s portfolio managers incorporate both top-down macro views consistent with the firm’s Investment Committee and bottom-up fundamental research to evaluate the investment attractiveness of select countries and companies that are believed to offer superior risk-adjusted returns. The portfolio managers determine country allocation primarily based on economic indicators, industry structure, terms of trade, political environment and geopolitical issues.  In addition, the portfolio managers conduct relative valuation analysis on sovereign and corporate issues to tactically identify potential opportunities to enhance the Fund’s risk-adjusted returns. The portfolio managers may dynamically adjust the top-down and bottom-up strategies of the Fund to better reflect market developments.

ETF Objective

The Global X Emerging Markets Bond ETF (EMBD) seeks a high level of total return consisting of both income and capital appreciation.

Trading Details As of 11/22/23

Ticker EMBD
Bloomberg IOPV Ticker EMBDIV
CUSIP 37954Y350
ISIN US37954Y3505
Primary Exchange NYSE Arca
Shares Outstanding 5,600,000
Number of Holdings 186
30-Day Median Bid-Ask Spread 0.68%
NAIC Designation Preliminary 3.C as of 03/31/23

Distributions As of 11/22/23

30-Day SEC Yield 7.04%
12-Month Trailing Yield 4.93%
Distribution Yield 5.24%
Distribution Frequency Monthly

ETF Prices As of 11/22/23

NAV $21.36 Daily Change $0.04 0.19%
Market Price $21.59 Daily Change $0.12 0.56%

Performance History

As of recent
(09/30/23)
As of recent
(09/30/23)
Fund NAV Market Price Benchmark
1 Year 9.42% 9.70% 9.51%
3 Years -2.58% -3.03% -5.01%
Since Inception -0.52% -0.77% -2.98%
1 Year 7.83% 8.77% 7.65%
3 Years -3.21% -3.27% -5.47%
Since Inception -0.84% -0.78% -3.33%
Year-to-Date 1.10% 0.36% 1.02%
1 Month -2.41% -3.38% -2.93%
3 Months -2.35% -3.77% -2.68%
Since Inception -1.73% -2.56% -9.60%
Year-to-Date -0.05% 0.27% -0.45%
1 Month -1.13% -0.08% -1.46%
3 Months -5.17% -5.29% -5.92%
Since Inception -2.84% -2.64% -10.92%

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 11/24/23

Full Holdings (.csv)
Net Assets (%) Security Type Name SEDOL Market Price ($) Shares Held Market Value ($)
3.16 Treasury Note T 3 07/31/24 BQ7Y9Q5 0.99 3,800,000 3,776,611.41
2.07 Treasury Note T 2 1/2 04/30/24 BQ2GVK4 0.99 2,500,000 2,474,534.24
1.99 Treasury Note T 0 3/8 11/30/25 BLH34N9 0.92 2,600,000 2,380,977.97
1.71 Bond - Foreign PERU 8 3/4 11/21/33 2172833 1.20 1,700,000 2,044,747.29
1.43 Bond - Foreign ESKOM 6.35 08/10/28 BF2F610 0.95 1,800,000 1,710,415.76
1.34 Bond - Foreign SOAF 4.85 09/30/29 BKRQ5R2 0.89 1,800,000 1,602,905.07
1.28 Bond - Foreign REPHUN 6 1/4 09/22/32 BPXYFH5 1.02 1,500,000 1,526,316.18
1.28 Bond - Foreign BRAZIL 6 10/20/33 BN6QD25 0.95 1,600,000 1,524,517.51
1.16 Cash CASH 1.00 1,392,236 1,392,236.38
1.13 Bond - Foreign BGOSK 5 3/8 05/22/33 BNC3K29 0.97 1,400,000 1,352,215.18
1.11 Bond - Foreign OMAN 5 5/8 01/17/28 BFWM9S9 1.02 1,300,000 1,321,752.04
1.08 Bond - Foreign ICLIT 6 3/8 05/31/38 BF3SP44 0.92 1,400,000 1,287,325.95
1.05 Mutual Fund GLOBAL X 1-3 MONTH T-BILL BNBPYF7 25.12 50,000 1,256,000.00
1.02 Bond - Foreign GCCAMM 3.614 04/20/32 BNZHZN4 0.81 1,500,000 1,215,858.51
1.01 Bond - Foreign ECUA 3 1/2 07/31/35 BMGR2G8 0.38 3,200,000 1,203,747.75
0.97 Bond - Foreign PETMK 4.55 04/21/50 BMD2JQ5 0.83 1,400,000 1,163,055.66
0.97 Bond - Foreign ADGB 2 1/2 04/16/25 BLGVN48 0.96 1,200,000 1,155,488.59
0.95 Bond - Foreign POLAND 5 1/2 04/04/53 BN7B125 0.95 1,200,000 1,140,206.15
0.92 Bond - Foreign ROMANI 3 02/27/27 BNGFD66 0.92 1,200,000 1,102,513.62
0.91 Bond - Corporate JPM 1.578 04/22/27 BKVKLQ1 0.91 1,200,000 1,088,805.12
0.91 Bond - Foreign BRAZIL 4 5/8 01/13/28 BYPHD82 0.99 1,100,000 1,087,217.41
0.91 Bond - Foreign KZOKZ 6 3/8 10/24/48 BFM6YV9 0.83 1,300,000 1,083,641.40
0.89 Bond - Foreign IVYCST 6 1/8 06/15/33 BYW5KQ6 0.89 1,200,000 1,066,008.79
0.89 Bond - Foreign MOROC 2 3/8 12/15/27 BMHCD58 0.88 1,200,000 1,059,724.57
0.87 Bond - Foreign OMAN 6 1/4 01/25/31 BMXYFP2 1.04 1,000,000 1,039,589.46
0.86 Bond - Foreign DOMREP 4 7/8 09/23/32 BJP84G5 0.85 1,200,000 1,024,071.41
0.85 Bond - Foreign IDASAL 6.53 11/15/28 BFMVHJ3 1.02 1,000,000 1,018,642.14
0.85 Bond - Foreign MEX 6.35 02/09/35 BNM9D06 1.02 1,000,000 1,018,307.89
0.84 Bond - Foreign OMAN 5 3/8 03/08/27 BF04YK4 1.00 1,000,000 998,538.85
0.83 Bond - Foreign CCUCI 3.35 01/19/32 BMVFJF5 0.82 1,200,000 987,458.46
0.83 Bond - Foreign PEMEX 6.84 01/23/30 BMBTPL5 0.82 1,200,000 986,808.16
0.82 Bond - Foreign DOMREP 6 07/19/28 BF2WX32 0.98 1,000,000 982,096.83
0.81 Bond - Foreign ADGB 2 1/8 09/30/24 BKPGWV7 0.97 1,000,000 973,113.51
0.80 Bond - Foreign COLOM 5.2 05/15/49 BGC21T1 0.69 1,400,000 960,144.00
0.78 Bond - Foreign CDEL 3 5/8 08/01/27 BD09JJ9 0.94 1,000,000 936,103.82
0.77 Bond - Foreign COLOM 3 7/8 04/25/27 BYX7RT3 0.93 1,000,000 925,589.73
0.77 Bond - Foreign MEX 4 3/4 04/27/32 BMXPS56 0.92 1,000,000 924,815.34
0.76 Bond - Foreign PEMEX 5.95 01/28/31 BLNBRW7 0.76 1,200,000 907,671.84
0.75 Bond - Foreign KSA 3 3/4 01/21/55 BKVBFR3 0.69 1,300,000 899,311.57
0.75 Bond - Foreign SOAF 4.3 10/12/28 BYYHFB0 0.89 1,000,000 893,008.16
0.74 Bond - Foreign DOMREP 4 1/2 01/30/30 BJV2X64 0.89 1,000,000 885,496.20
0.73 Bond - Foreign TURKEY 5 1/4 03/13/30 BKLJ975 0.87 1,000,000 872,141.54
0.72 Bond - Foreign PHILIP 6 3/8 10/23/34 B55JJ76 1.07 800,000 858,884.22
0.71 Bond - Foreign PEMEX 6 1/2 01/23/29 BHNZPJ4 0.85 1,000,000 849,829.98
0.71 Bond - Foreign ARGENT 3 5/8 07/09/35 BNC1788 0.34 2,500,000 845,428.78
0.69 Bond - Foreign QATAR 4.4 04/16/50 BL6KL96 0.83 1,000,000 829,169.40
0.69 Bond - Foreign ANGOL 8 3/4 04/14/32 BP2R4G7 0.83 1,000,000 827,618.20
0.69 Bond - Foreign OMAN 6 08/01/29 BHNV376 1.02 800,000 819,800.52
0.68 Bond - Foreign BIMBOA 6.05 01/15/29 BRBRPY7 1.02 800,000 816,784.32
0.68 Bond - Foreign ARGENT 4 1/4 01/09/38 BNC1841 0.39 2,100,000 810,424.99
0.66 Bond - Corporate BAC 4.948 07/22/28 BNDK8X6 0.99 800,000 793,616.22
0.66 Bond - Foreign INDON 4.55 01/11/28 BNNSSB8 0.99 800,000 792,047.11
0.65 Bond - Corporate JPM 3.96 01/29/27 BHQTTL3 0.98 800,000 780,714.08
0.65 Bond - Foreign INTLWT 5.95 12/15/39 BF19226 0.97 798,168 776,801.31
0.64 Bond - Foreign CHILE 4 01/31/52 BNSMDK9 0.76 1,000,000 761,743.48
0.63 Bond - Foreign EXIMBK 3 7/8 02/01/28 BYW9648 0.94 800,000 754,759.93
0.63 Bond - Foreign ADGB 3 1/8 10/11/27 BF0M765 0.94 800,000 753,350.69
0.63 Bond - Foreign CHILE 3.24 02/06/28 BFYTTF5 0.94 800,000 752,266.35
0.62 Bond - Foreign ARAMCO 3 1/2 04/16/29 BK0MP44 0.92 800,000 735,065.62
0.61 Treasury Note T 3 3/8 05/15/33 BQYLTK3 0.91 800,000 731,714.29
0.60 Bond - Foreign CKHH 4 7/8 04/21/33 2KYKB56 0.96 750,000 719,772.32
0.59 Bond - Foreign SOAF 5 7/8 04/20/32 BMB0734 0.89 800,000 709,008.20
0.58 Bond - Foreign OMAN 4 3/4 06/15/26 BZB1G08 0.99 700,000 694,955.28
0.57 Bond - Foreign SERBIA 6 1/2 09/26/33 BPTJVP4 0.98 700,000 685,545.00
0.57 Bond - Foreign KSA 4 3/8 04/16/29 BHN6649 0.97 700,000 679,126.02
0.57 Bond - Foreign EGYPT 7 5/8 05/29/32 BMHWV98 0.68 1,000,000 676,667.80
0.56 Bond - Foreign BNCE 2.72 08/11/31 BMYXTZ6 0.83 800,000 667,745.87
0.56 Bond - Foreign COLOM 3 1/4 04/22/32 BN7N9J4 0.74 900,000 665,572.97
0.56 Bond - Foreign ECUA 2 1/2 07/31/40 BMGR2K2 0.33 2,000,000 663,801.66
0.55 Bond - Foreign SHJGOV 4 3/8 03/10/51 BMV3380 0.66 1,000,000 658,115.19
0.54 Bond - Foreign ECOPET 5 7/8 05/28/45 BMQXLW5 0.72 900,000 643,957.11
0.53 Bond - Foreign ORBIA 2 7/8 05/11/31 BMBVMW1 0.79 800,000 630,568.42
0.53 Bond - Foreign EGYPT 8 7/8 05/29/50 BMQC081 0.63 1,000,000 628,691.60
0.52 Bond - Foreign EGYPT 5 7/8 02/16/31 BLH1TJ4 0.62 1,000,000 618,085.26
0.51 Bond - Foreign PEMEX 7.69 01/23/50 BMYVTL6 0.68 900,000 612,944.57
0.51 Bond - Foreign REPHUN 2 1/8 09/22/31 BNZJFF2 0.76 800,000 610,129.12
0.50 Bond - Foreign REPHUN 6 3/4 09/25/52 BPXYFD1 1.00 600,000 601,870.88
0.50 Bond - Foreign COSTAR 6 1/8 02/19/31 BJLPZ01 1.00 600,000 601,833.49
0.50 Bond - Foreign EGYPT 8.7002 03/01/49 BGSGVT7 0.60 1,000,000 600,013.45
0.50 Bond - Foreign NGERIA 7 5/8 11/28/47 BF2RBB1 0.75 800,000 598,500.00
0.50 Bond - Foreign REPHUN 3 1/8 09/21/51 BN6KY68 0.59 1,000,000 593,837.91
0.49 Bond - Foreign MEX 4.4 02/12/52 BNSP0K7 0.74 800,000 590,461.90
0.49 Bond - Foreign EIGPRL 4.387 11/30/46 BMX5H71 0.74 800,000 590,399.44
0.49 Bond - Foreign SOAF 7.3 04/20/52 BMB0723 0.84 700,000 589,175.08
0.49 Bond - Foreign PARGUY 5 04/15/26 BD2MDP0 0.98 600,000 588,606.56
0.49 Bond - Foreign PETMK 3 1/2 03/18/25 BWCH433 0.98 600,000 587,740.56
0.49 Bond - Foreign ROMANI 5 1/4 11/25/27 BMBN001 0.97 600,000 583,020.42
0.49 Bond - Foreign KSA 4 1/2 04/17/30 BFNRZX0 0.97 600,000 581,445.56
0.49 Bond - Foreign TURKEY 4 3/4 01/26/26 BMDJ3V9 0.97 600,000 580,011.17
0.48 Bond - Foreign PERU 5 5/8 11/18/50 B63ZT39 0.95 600,000 567,979.24
0.47 Bond - Foreign SENEGL 6 3/4 03/13/48 BF2LTP3 0.70 800,000 562,574.32
0.47 Bond - Foreign PARGUY 4.95 04/28/31 BL6FQ07 0.94 600,000 561,127.20
0.47 Treasury Bond T 4 1/8 08/15/53 BRT3QH7 0.93 600,000 558,311.82
0.46 Bond - Foreign PERU 3.55 03/10/51 BMV33J1 0.69 800,000 550,511.31
0.46 Bond - Foreign PANAMA 3 7/8 03/17/28 BYSXF47 0.91 600,000 548,686.80
0.45 Bond - Foreign NGERIA 7.696 02/23/38 BF3TZV4 0.76 700,000 535,279.96
0.45 Bond - Foreign ROMANI 4 02/14/51 BMVZ933 0.67 800,000 532,097.39
0.44 Bond - Foreign QATAR 4.817 03/14/49 BH3JG26 0.88 600,000 530,863.88
0.44 Bond - Foreign SILAMX 5 3/8 04/04/32 BQ71VH1 0.88 600,000 530,191.67
0.44 Bond - Foreign ADGB 3 1/8 09/30/49 BKPGWX9 0.66 800,000 529,996.20
0.44 Bond - Foreign DOMREP 6.4 06/05/49 BGLJW45 0.88 600,000 526,665.57
0.43 Bond - Foreign CDEL 3 09/30/29 BKPGX25 0.86 600,000 516,783.18
0.42 Bond - Foreign DOMREP 7.05 02/03/31 BQXTZM2 1.01 500,000 507,462.64
0.42 Bond - Foreign REPHUN 6 1/8 05/22/28 BNNT8Q6 1.01 500,000 503,722.00
0.41 Bond - Foreign DOMREP 5.95 01/25/27 BYX80W0 0.99 500,000 495,211.14
0.41 Bond - Foreign CDEL 5.95 01/08/34 BNT9DH6 0.98 500,000 492,455.65
0.41 Bond - Foreign ROMANI 3 02/14/31 BMVVYM5 0.82 600,000 492,384.78
0.41 Bond - Foreign CKHH 4 3/4 04/21/28 BRJQHZ1 0.98 500,000 491,035.05
0.40 Bond - Foreign PTTGC 2.98 03/18/31 BNNHLV6 0.81 600,000 483,248.62
0.40 Bond - Foreign REPHUN 5 1/2 06/16/34 BMZ0K20 0.97 500,000 482,542.35
0.40 Bond - Foreign ARGENT 3 1/2 07/09/41 BNC1852 0.34 1,400,000 476,980.61
0.40 Bond - Foreign PTTGC 5.2 03/30/52 BPSNPD3 0.79 600,000 473,873.14
0.40 Bond - Foreign KSA 2 1/4 02/02/33 BMFDCG7 0.79 600,000 473,640.97
0.40 Bond - Corporate SCCO 5 7/8 04/23/45 BWXV3J3 0.95 500,000 472,921.74
0.39 Bond - Foreign PANAMA 3.87 07/23/60 BJVN8G2 0.58 800,000 461,456.86
0.39 Bond - Foreign TENGIZ 3 1/4 08/15/30 BLCBBX7 0.77 600,000 460,865.43
0.38 Bond - Foreign KENINT 8 1/4 02/28/48 BF2J2B4 0.77 600,000 459,375.00
0.38 Bond - Foreign PETMK 3 1/2 04/21/30 BMD2JR6 0.90 500,000 452,318.36
0.37 Bond - Foreign VALEBZ 3 3/4 07/08/30 BMVPRC8 0.89 500,000 445,693.71
0.37 Bond - Foreign OCPMR 5 1/8 06/23/51 BKMGKM7 0.73 600,000 436,283.55
0.35 Bond - Foreign TURKEY 5 3/4 05/11/47 BD3N0C8 0.70 600,000 421,539.26
0.35 Bond - Foreign PERU 2.783 01/23/31 BMGFFR4 0.84 500,000 421,112.37
0.35 Bond - Foreign CHILE 3 1/2 01/25/50 BKKGS47 0.70 600,000 420,806.22
0.35 Bond - Foreign FRIDPT 5.315 04/14/32 BNYNN06 0.93 450,000 420,677.26
0.34 Bond - Foreign SGCAZE 6 7/8 03/24/26 BD05CV0 1.01 400,000 404,494.71
0.34 Bond - Foreign SOAF 5 7/8 09/16/25 BDS54C7 1.00 400,000 401,932.11
0.34 Bond - Foreign SHJGOV 6 1/2 11/23/32 BN4D0K5 1.00 400,000 401,345.14
0.34 Bond - Foreign SHJGOV 6 1/2 11/23/32 BMTY4N7 1.00 400,000 401,345.14
0.33 Bond - Foreign INDON 5.65 01/11/53 BNNMQT4 1.00 400,000 398,869.10
0.33 Bond - Foreign ARAMCO 2 7/8 04/16/24 BK0MNZ1 0.99 400,000 395,871.09
0.33 Bond - Foreign URUGUA 4 3/8 01/23/31 BHXJX58 0.98 400,000 391,157.21
0.33 Bond - Foreign QATAR 3.4 04/16/25 BL6BZC0 0.98 400,000 390,357.81
0.33 Bond - Foreign PANAMA 3 3/4 03/16/25 BWC9V16 0.97 400,000 388,986.14
0.33 Bond - Foreign PHILIP 5 1/2 01/17/48 BQBFM09 0.97 400,000 388,068.19
0.32 Bond - Foreign JORDAN 5 3/4 01/31/27 BYWVG66 0.97 400,000 386,779.20
0.32 Bond - Foreign JBYCMX 2 1/2 10/14/31 BNG6XN6 0.77 500,000 385,476.89
0.32 Bond - Foreign TGPERU 4 1/4 04/30/28 B7ZRB45 0.96 400,000 384,276.99
0.32 Bond - Foreign PLNIJ 4 1/8 05/15/27 BF3W9X3 0.95 400,000 381,160.26
0.32 Bond - Foreign SOAF 4.85 09/27/27 BD35XS1 0.95 400,000 380,565.67
0.32 Bond - Foreign QATAR 3 3/4 04/16/30 BL6BZF3 0.94 400,000 377,442.30
0.32 Bond - Foreign TURKEY 6 1/8 10/24/28 BFZYKC3 0.94 400,000 376,618.60
0.30 Bond - Foreign PRXNA 4.987 01/19/52 BPCQJS1 0.71 500,000 354,538.88
0.29 Bond - Foreign ADNOUH 4.6 11/02/47 BD6JB75 0.88 400,000 350,137.70
0.28 Bond - Foreign NGERIA 9.248 01/21/49 BGT0PS5 0.85 400,000 338,331.83
0.28 Bond - Foreign GHANA 8 1/8 03/26/32 BJ1DHP4 0.42 800,000 334,608.00
0.28 Bond - Foreign EIGPRL 3.545 08/31/36 BMX5H82 0.83 400,000 332,771.89
0.28 Bond - Foreign TOPTB 5 3/8 11/20/48 BG0M201 0.83 400,000 330,484.57
0.28 Bond - Foreign BRAZIL 5 5/8 02/21/47 BYM8140 0.82 400,000 329,908.99
0.27 Bond - Corporate SASOL 5 1/2 03/18/31 BNNLH09 0.82 400,000 327,389.97
0.27 Bond - Foreign TURKEY 6 5/8 02/17/45 BJW06D5 0.81 400,000 323,697.12
0.27 Bond - Foreign MEX 5 04/27/51 BMXPS67 0.80 400,000 321,675.09
0.26 Bond - Foreign PHILIP 3.7 02/02/42 BYWYT99 0.77 400,000 308,559.63
0.25 Bond - Foreign PRXNA 3.832 02/08/51 BNBRK44 0.60 500,000 297,789.44
0.25 Bond - Foreign SRILAN 6 3/4 04/18/28 BFWRZN1 0.49 600,000 293,365.21
0.24 Bond - Foreign SRILAN 7.55 03/28/30 BJ7PMW6 0.49 600,000 291,689.03
0.24 Bond - Foreign PANAMA 6.4 02/14/35 BP0XN37 0.96 300,000 287,347.24
0.22 Bond - Foreign BHRAIN 5 1/4 01/25/33 BN4N9S6 0.88 300,000 264,178.06
0.21 Bond - Foreign GHANA 8.627 06/16/49 BF5L3S1 0.41 600,000 247,299.60
0.21 Bond - Foreign UKRAIN 7.253 03/15/35 BMJ17V7 0.25 1,000,000 245,362.00
0.20 Bond - Foreign UKRAIN 7 3/8 09/25/34 BF226G6 0.24 1,000,000 243,620.00
0.19 Bond - Foreign EGYPT 7.903 02/21/48 BYWJDR0 0.58 400,000 230,470.70
0.17 Bond - Foreign PERTIJ 6.45 05/30/44 BMW3NT0 1.02 200,000 204,739.66
0.17 Bond - Foreign MOROC 6 1/2 09/08/33 BQXR5C6 1.01 200,000 202,832.86
0.17 Bond - Foreign BHRAIN 6 3/4 09/20/29 BFB5LX8 1.01 200,000 201,807.47
0.17 Bond - Foreign COSTAR 6.55 04/03/34 BNW12W7 1.01 200,000 201,204.37
0.17 Bond - Foreign ECUA 6 07/31/30 BMGR2C4 0.49 400,000 197,761.80
0.16 Bond - Foreign DPWDU 4.848 09/26/28 BFCMGH7 0.97 200,000 194,203.75
0.16 Bond - Foreign KUWIB 3 1/2 03/20/27 BF1TGW4 0.96 200,000 192,322.92
0.16 Bond - Foreign PEMEX 10 02/07/33 BQGHJ10 0.95 200,000 190,212.70
0.16 Bond - Foreign URUGUA 5.1 06/18/50 BNB7S17 0.94 200,000 188,683.70
0.16 Bond - Foreign PERU 2.392 01/23/26 BMGFFS5 0.94 200,000 187,887.34
0.15 Bond - Foreign TENGIZ 4 08/15/26 BDCPB11 0.92 200,000 184,439.81
0.15 Bond - Foreign FRIDPT 6.2 04/14/52 BNYNMZ4 0.90 200,000 179,169.19
0.15 Bond - Foreign COLOM 4 1/8 05/15/51 BM8M272 0.58 300,000 174,282.96
0.14 Bond - Foreign GHANA 8.95 03/26/51 BJ1DJB4 0.42 400,000 166,904.00
0.14 Bond - Foreign ROMANI 3 5/8 03/27/32 BNGFH97 0.83 200,000 165,873.39
0.14 Bond - Foreign RAILBZ 4.2 01/18/32 BK9RV20 0.82 200,000 163,048.81
0.13 Bond - Foreign PERU 3 01/15/34 BNTYXY8 0.80 200,000 159,738.59
0.13 Bond - Foreign HYUELE 2 3/8 01/19/31 BMV7YQ7 0.78 200,000 156,681.47
0.13 Bond - Foreign DPWDU 4.7 09/30/49 BJLBK60 0.77 200,000 154,366.83
0.13 Bond - Foreign COLOM 3 1/8 04/15/31 BM8HHM7 0.76 200,000 152,347.37
0.12 Bond - Foreign EGYPT 5.8 09/30/27 BMGCCJ6 0.72 200,000 144,080.22
0.12 Bond - Foreign ELSALV 7.1246 01/20/50 BJBLT29 0.70 200,000 140,633.83
0.11 Bond - Foreign MOROC 4 12/15/50 BMHFZL7 0.66 200,000 132,962.42
0.11 Bond - Foreign PANAMA 4 1/2 04/01/56 BK8TZM5 0.65 200,000 129,045.38
0.10 Bond - Foreign UKRAIN 7 3/4 09/01/28 BYSRS62 0.28 400,000 113,340.00
0.09 Bond - Foreign PKSTAN 7 3/8 04/08/31 BNDLS51 0.56 200,000 112,105.33
-0.49 Cash OTHER PAYABLE & RECEIVABLES 1.00 -585,809 -585,809.27
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 11/24/23

Macaulay Duration 7.5 Years
Modified Duration 7.25 Years
Yield to Maturity 7.37%
Issuer Type Breakdown
Government 64.09%
Corporate 32.35%
Other 2.06%

Source: new windowAltaVista Research, LLC

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Preliminary National Association of Insurance Commissioners (NAIC) Designation refers to the NAIC Securities Valuation Office’s (SVO’s) opinion as to what NAIC Designation it believes the Fund would receive if owned by an insurance company and reported to the SVO. NAIC Designations are to be used solely by the state insurance regulators and by the insurance industry for financial solvency monitoring and not for purposes of investment decision-making.

The Securities Valuation Office of the National Association of Insurance Commissioners (NAIC) assigns credit quality designations to securities held by state-regulated insurance companies. NAIC Designations are opinions of credit quality that range from NAIC 1, being the highest quality, to NAIC 6, being the lowest quality. “P” is a valuation indicator used to classify perpetual preferred stock. NAIC designations allow ETFs to be reported as bonds or preferred stock (as appropriate) on NAIC Schedule D and are used to set Risk-Based Capital (RBC) requirements. NAIC designations only measure credit risk and do not measure other risks or factors that may affect repayment, such as volatility/interest rate, prepayment, extension or liquidity risk. Refer to official NAIC publication and guidance for official NAIC policies and definitions.

Preliminary NAIC Designations are the intellectual property of the National Association of Insurance Commissioners (NAIC) and are redistributed here under License. A Preliminary NAIC Designation is an opinion of the NAIC Securities Valuation Office (SVO) of the probable credit quality designation that would be assigned by the SVO to an investment if purchased by an insurance company and reported to the SVO. A Preliminary NAIC Designations is only one of the regulatory factors considered by the SVO as part of its analysis of probable regulatory treatment under the Regulatory Treatment Analysis Service. A full discussion of such other regulatory factors is set forth in the RTAS Letter provided to Global X. A Preliminary NAIC Designation cannot be used to report the ETF to state insurance regulators. However, the purchasing insurance company may obtain an NAIC Designation for the ETF by filing the security and final documents for the ETF with the SVO. The indication of probable regulatory treatment indicated by a Preliminary NAIC Designation is not a recommendation to purchase the ETF and is not intended to convey approval or endorsement of the ETF Sponsor or the ETF by the NAIC.

NAIC Designations are the intellectual property of the National Association of Insurance Commissioners (NAIC) and are redistributed here under License. An NAIC Designation is a proprietary symbol used by the NAIC Securities Valuation Office (SVO) to denote a category or band of credit risk (i.e., the likelihood of repayment in accordance with a written contract) for an issuer or for a security. NAIC Designations may be notched up or down to reflect the position of a specific liability in the issuer’s capital structure and/or the existence of other non-payment risk in the specific security. Under NAIC reporting rules, shares of an ETF are presumed to be reportable as common stock. The SVO may classify an ETF as a bond or preferred stock and assign it an NAIC Designation if it meets defined criteria. For a discussion of these criteria please call the SVO or refer to the Purposes and Procedures Manual of the NAIC Securities Valuation Office. The assignment of an NAIC Designation is not a recommendation to purchase the ETF and is not intended to convey approval or endorsement of the ETF Sponsor or the ETF by the NAIC.

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.

High yield bonds involve greater risks of default or downgrade and are more volatile than investment grade securities, due to the speculative nature of their investments. EMBD 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. EMBD is non-diversified.

As an actively managed Fund, EMBD does not seek to replicate a specified index and is subject to increased credit and default risk, where there is an inability or unwillingness by the issuer of a fixed income security to meet its financial obligations, debt extension risk, where an issuer may exercise its right to pay principal on an obligation later than expected, as well as interest rate/maturity risk, where the value of the Fund’s fixed income assets will decline because of rising interest rates.

EMBD may invest in securities denominated in foreign currencies. Because the Fund’s NAV is determined in U.S. dollars, the EMBD’s NAV could decline if currencies of the underlying securities depreciate against the U.S. dollar or if there are delays or limits on repatriation of such currencies. Currency exchange rates can be very volatile and can change quickly and unpredictably.

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.

Since the Fund’s shares did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in Shares, the NAV of the Fund is used to calculate market returns.

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 JPMorgan, nor does JPMorgan 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 JPMorgan.