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EMM

Emerging Markets ex-China ETFActive

Morningstar Rating™ - Overall rating out of 718 Diversified Emerging Mkts funds, based on risk-adjusted returns as of 06/30/2024

 

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 it expects to continue.1

Unlocking Opportunities on the Frontier

The strategy creates capacity to focus on smaller, sometimes overlooked markets, such as Greece, Mexico, and countries in Southeast Asia.

ETF Efficiency

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, Oct2023

Key Information As of 07/26/24

Inception Date 09/24/10
Total Expense Ratio 0.75%
Net Assets $27.11 million
NAV $27.93
Standard Fact Sheet (Monthly) View the document
Expanded Fact Sheet (Quarterly) View the document

ETF Summary

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.

ETF Objective

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

Trading Details As of 07/25/24

Ticker EMM
Bloomberg IOPV Ticker EMMIV
CUSIP 37960A636
ISIN US37960A6367
Primary Exchange NYSE Arca
Shares Outstanding 970,587
Number of Holdings 74
30-Day Median Bid-Ask Spread 0.46%

Distributions As of 07/26/24

30-Day SEC Yield 0.34%
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 07/26/24

NAV $27.93 Daily Change $0.10 0.36%
Market Price $27.92 Daily Change $0.33 1.20%

Performance History

As of recent month & quarter-end (06/30/24)
As of recent month & quarter-end (06/30/24)
Fund NAV Market Price Previous Benchmark Current Benchmark
1 Year 13.46% 13.23% 12.55% 18.46%
3 Years -4.92% -5.01% -5.07% 1.35%
5 Years 3.53% 3.47% 3.10% 6.66%
10 Years 3.81% 3.79% 2.79% N/A
Since Inception 3.24% 3.22% 2.68% N/A
1 Year 13.46% 13.23% 12.55% 18.46%
3 Years -4.92% -5.01% -5.07% 1.35%
5 Years 3.53% 3.47% 3.10% 6.66%
10 Years 3.81% 3.79% 2.79% N/A
Since Inception 3.24% 3.22% 2.68% N/A
Year-to-Date 9.44% 9.35% 7.49% 8.42%
1 Month 6.99% 6.30% 3.94% 6.06%
3 Months 4.73% 4.51% 5.00% 4.24%
Since Inception 55.15% 54.72% 43.93% N/A
Year-to-Date 9.44% 9.35% 7.49% 8.42%
1 Month 6.99% 6.30% 3.94% 6.06%
3 Months 4.73% 4.51% 5.00% 4.24%
Since Inception 55.15% 54.72% 43.93% N/A

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.

Top Holdings As of 07/26/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
9.36 TSM TAIWAN SEMIC-ADR 2113382 161.94 15,674 2,538,247.56
6.42 SMSN LI SAMSUNG ELECTR-GDR REG S 4942818 1,465.00 1,188 1,740,420.00
4.03 000660 KS SK HYNIX INC 6450267 138.42 7,900 1,093,508.46
3.43 2454 TT MEDIATEK INC 6372480 37.93 24,500 929,189.39
3.27 IBN ICICI BANK LTD-SPON ADR 2569286 28.76 30,774 885,060.24
2.67 5274 TT ASPEED TECHNOLOGY INC B80VKP3 120.78 6,000 724,708.32
2.63 HDB HDFC BANK LTD-ADR 2781648 60.64 11,774 713,975.36
2.35 2382 TT QUANTA COMPUTER INC 6141011 8.38 76,000 636,671.03
2.11 LT IN LARSEN & TOUBRO LTD B0166K8 43.95 13,000 571,370.39
2.05 ZOMATO IN ZOMATO LTD BL6P210 2.68 206,698 554,527.46
2.00 RIGD LI RELIANC-GDR 144A B16CYP9 71.80 7,545 541,731.00
1.95 APHS IN APOLLO HOSPITALS 6273583 79.60 6,648 529,176.08
1.85 TTAN IN TITAN CO LTD 6139340 41.73 12,042 502,549.13
1.81 3661 TT ALCHIP TECHNOLOGIES LTD B4TPSL0 81.94 6,000 491,668.44
1.81 055550 KS SHINHAN FINANCIA 6397502 41.86 11,700 489,734.06
1.70 TTMT IN TATA MOTORS LTD B611LV1 13.36 34,430 459,868.55
1.67 MM IN MAHINDRA & MAHINDRA LTD 6100186 34.49 13,143 453,314.89
1.61 ALPHA GA ALPHA SERVICES A BZ1MXR7 1.80 242,690 437,350.49
1.59 MAXHEALT IN MAX HEALTHCARE I BMB2291 11.33 38,000 430,486.26
1.56 ANTO LN ANTOFAGASTA PLC 0045614 25.28 16,742 423,284.24
1.55 TVSL IN TVS MOTOR CO LTD 6726548 29.95 14,000 419,366.69
1.54 005380 KS HYUNDAI MOTOR CO 6451055 175.73 2,381 418,412.66
1.35 RJHI AB AL RAJHI BANK B12LZH9 22.26 16,397 364,950.82
1.33 EIM IN EICHER MOTORS LTD BMW4CV8 59.87 6,000 359,206.34
1.29 ADNOCDRI UH ADNOC DRILLING CO PJSC BN12D39 1.18 295,400 349,043.29
1.24 WALMEX* MM WALMART DE MEXIC BW1YVH8 3.32 101,000 335,700.44
1.23 VIVA3 BZ VIVARA PARTICIPACOES SA BKTPCJ8 4.10 81,300 333,031.12
1.21 FSR SJ FIRSTRAND LTD 6606996 4.38 74,766 327,241.29
1.17 WEGE3 BZ WEG SA 2945422 8.30 38,300 317,842.89
1.16 ABB IN ABB INDIA LTD B1Y9QS9 93.77 3,362 315,264.36
1.14 352820 KS HYBE CO LTD BNGCJ25 123.91 2,500 309,782.41
1.10 ARCO ARCOS DORADOS-A B529PQ0 9.65 31,000 299,150.00
1.10 PEPL IN PRESTIGE ESTATES PROJECTS B4T3LF9 21.90 13,600 297,814.84
1.09 RENT3 BZ LOCALIZA RENT A CAR B08K3S0 7.77 38,000 295,257.21
1.05 LEMONTRE IN LEMON TREE HOTELS LTD BF2LSQ7 1.75 163,273 285,608.92
1.05 MELI MERCADOLIBRE INC B23X1H3 1,651.69 172 284,090.68
1.04 BBCA IJ BANK CENTRAL ASIA TBK PT B01C1P6 0.63 442,700 280,594.08
1.04 ITUB ITAU UNIBANC-ADR 2849739 6.06 46,285 280,487.10
1.03 GPL IN GODREJ PROPERTIES LTD BGQL729 37.37 7,500 280,261.57
1.02 GFNORTEO MM GRUPO F BANORT-O 2421041 7.71 35,900 276,690.69
0.97 2317 TT HON HAI 6438564 5.85 45,000 263,197.98
0.97 SIEM IN SIEMENS LTD B15T569 82.62 3,167 261,651.38
0.96 AMRT IJ SUMBER ALFARIA T BCDBLJ9 0.17 1,491,000 260,856.35
0.96 SAHOL TI HACI OMER SABANCI HOLDING B03N0C7 3.20 81,100 259,781.50
0.93 BMRI IJ BANK MANDIRI 6651048 0.40 627,100 252,148.86
0.92 AMERICAN AB AMERICANA RESTAU BP4X2F8 0.84 297,000 248,581.94
0.89 BUDGET AB UNITED INTERNATI B2493D0 24.26 9,918 240,574.16
0.88 HNDL IN HINDALCO INDUSTRIES LTD B0GWF48 7.97 30,000 239,208.13
0.84 SALIK UH SALIK CO PJSC BJN5952 0.93 243,782 226,326.33
0.81 CASH 1.00 219,065 219,064.52
0.79 NU NU HOLDINGS LT-A BN6NP19 12.41 17,278 214,419.98
0.66 SNB AB THE SAUDI NATIONAL BANK BSHYYN1 9.89 18,090 178,894.07
0.61 NPN SJ NASPERS LTD-N SHS BN0VX82 188.59 870 164,076.46
0.60 000270 KS KIA CORP 6490928 80.90 2,000 161,801.32
0.60 RRRP3 BZ 3R PETROLEUM OLE BLF7QT3 4.54 35,500 161,242.34
0.59 8069 TT E INK HOLDINGS INC 6744283 8.01 20,000 160,233.95
0.58 3037 TT UNIMICRON TECHNOLOGY CORP 6137720 5.82 27,000 157,096.29
0.56 DNP PW DINO POLSKA SA BD0YVN2 87.43 1,733 151,511.66
0.54 CLS SJ CLICKS GROUP LTD 6105578 18.55 7,906 146,645.35
0.54 PWGR IN POWER GRID CORP B233HS6 4.11 35,600 146,352.19
0.54 BDMS-R TB BANGKOK DUS-NVDR B013SV4 0.73 198,412 145,810.26
0.50 VESTA* MM VESTA SAB DE CV B8F6ZF8 2.94 46,400 136,383.39
0.50 PNJ VN PHU NHUAN JEWELRY JSC B64FX58 3.80 35,600 135,284.22
0.50 PEO PW BANK PEKAO SA 5473113 40.84 3,300 134,775.20
0.49 NAHDI AB NAHDI MEDICAL CO BMZPZG4 35.18 3,793 133,456.66
0.49 MYTIL GA METLEN ENERGY & METALS SA 5898664 40.17 3,294 132,310.70
0.47 CPI SJ CAPITEC BANK HOLDINGS LTD 6440859 152.12 837 127,324.34
0.44 3711 TT ASE TECHNOLOGY H BFXZDY1 4.74 25,000 118,423.86
0.37 BDO PM BDO UNIBANK INC B5VJH76 2.50 40,000 100,085.69
0.34 RAPT4 BZ RANDON SA IMPLEMENTOS E P B010V49 1.94 47,200 91,664.26
0.33 GFI GOLD FIELDS LTD-SPONS ADR 2416326 16.32 5,500 89,760.00
0.33 035420 KS NAVER CORP 6560393 126.15 700 88,305.13
0.28 SMPH PM SM PRIME HOLDINGS INC 6818843 0.51 150,000 76,478.15
0.23 3443 TT GLOBAL UNICHIP CORP B056381 40.67 1,500 61,001.61
0.00 RENT1 BZ LOCALIZA RENT A CAR - RTS BR3XKZ9 2.00 1 2.00
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 INDIA RUPEE 0.01 -104,909 -1,253.00
-0.01 SOUTH AFRICAN RAND 0.05 -26,380 -1,443.99
-0.55 OTHER PAYABLE & RECEIVABLES 1.00 -148,604 -148,603.71
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 06/30/24

Sector Weight (%)
Information Technology 36.8
Financials 17.4
Consumer Discretionary 17.1
Industrials 8.2
Health Care 4.3
Energy 4.2
Consumer Staples 3.7
Real Estate 3.1
Materials 3.0
Communication Services 1.7
Utilities 0.5

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Semiconductors 22.9
Banking 15.1
Electrical Equipment 8.2
Automobiles 8.1
Retail 7.4
Hotels, Restaurants & Leisure 6.9
Real Estate 4.8
Technology 4.1
Metals & Mining 3.9
Construction 3.1
Road & Rail 2.9
Other 12.6

Source: new windowAltaVista Research, LLC

Country Weight (%)
India 27.6
Taiwan 26.1
South Korea 17.0
Brazil 5.7
Saudi Arabia 3.6
South Africa 3.4
Mexico 2.9
Indonesia 2.8
Uae 1.8
Britain 1.7
Greece 1.4
Other 6.0

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 07/25/24

Return on Equity 16.90%
Weighted Avg. Market Cap 136,950 M
2023 2024
Price-to-earnings 25.41 18.44
Price-to-book value 3.31 2.95

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 06/30/24

Versus Beta
S&P 500 1.00
NASDAQ-100 0.89
MSCI EAFE 0.81
MSCI Emg. Mkts 1.10
Standard Deviation 16.90%

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 06/30, EMM was rated against the following numbers of Diversified Emerging Mkts funds over the following time periods: 718 during the last 3 years, 646 during the last 5 years, 423 during the last 10 years. With respect to these Diversified Emerging Mkts funds, EMM received a Morningstar Rating of 3, 3, 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.