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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.

Diversification

Adding EMBD to a portfolio could add diversification in the form of geography, yield, credit, and duration.

Key Information As of 02/28/25

Inception Date 06/01/20
Total Expense Ratio 0.39%
Net Assets $223.45 million
NAV $23.04
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 02/27/25

Ticker EMBD
Bloomberg IOPV Ticker EMBDIV
CUSIP 37954Y350
ISIN US37954Y3505
Primary Exchange NYSE Arca
Shares Outstanding 9,700,000
Number of Holdings 206
30-Day Median Bid-Ask Spread 0.48%
NAIC Designation Preliminary 3.C as of 03/31/24

Distributions As of 02/28/25

30-Day SEC Yield 5.90%
Trailing 12-Month Distribution (%) 1 5.89%
Distribution Rate 2 5.66%
Distribution Frequency Monthly

1The distribution as a percentage an investor would have received if they had held the fund over the last twelve months, assuming the most recent NAV. The Trailing 12-Month Distribution (%) is calculated by summing any income, capital gains and return of capital distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the same period. The distribution is estimated to include a return of capital. For information on the breakdown of the distributions, please see the “19a Notice” here. These do not imply rates for any future distributions.

2The annual rate an investor would receive if the most recent fund distribution remained the same going forward. The rate represents a single distribution from the fund and does not represent total return of the fund. The distribution rate is calculated by annualizing the most recent distribution and dividing by the most recent fund NAV. The distribution is estimated to include a return of capital. For information on the breakdown of the distributions, please see the “19a Notice” here. These do not imply rates for any future distributions.

ETF Prices As of 02/28/25

NAV $23.04 Daily Change $0.03 0.13%
Market Price $23.16 Daily Change $0.15 0.65%

Performance History

As of recent
(12/31/24)
As of recent
(12/31/24)
Fund NAV Market Price Benchmark
1 Year 7.27% 6.76% 6.23%
3 Years 0.87% 0.59% -1.32%
Since Inception 3.04% 3.03% 1.14%
1 Year 9.95% 10.50% 9.57%
3 Years 3.95% 3.92% 2.88%
Since Inception 3.49% 3.58% 1.71%
Year-to-Date 7.27% 6.76% 6.23%
1 Month -1.10% -1.22% -1.62%
3 Months -1.39% -1.60% -2.31%
Since Inception 14.72% 14.65% 5.33%
Year-to-Date 2.58% 3.06% 2.89%
1 Month 1.36% 1.62% 1.53%
3 Months 1.45% 1.80% 1.22%
Since Inception 17.68% 18.16% 8.37%

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 02/28/25

Full Holdings (.csv)
Net Assets (%) Security Type Name SEDOL Market Price ($) Shares Held Market Value ($)
1.39 Bond - Foreign ESKOM 6.35 08/10/28 BF2F610 1.00 3,100,000 3,090,917.68
1.38 Bond - Foreign BRAZIL 6 10/20/33 BN6QD25 0.99 3,100,000 3,074,493.61
1.38 Treasury Note T 5 10/31/25 BMWPY04 1.02 3,000,000 3,065,865.58
1.35 Bond - Foreign POLAND 5 1/2 04/04/53 BN7B125 0.98 3,050,000 3,000,859.15
1.34 Cash CASH 1.00 2,980,996 2,980,996.44
1.22 Bond - Foreign PERU 8 3/4 11/21/33 2172833 1.23 2,200,000 2,709,058.97
1.21 Bond - Foreign ADGB 5 1/2 04/30/54 BRJQKD0 1.03 2,600,000 2,684,877.18
1.19 Bond - Foreign FRIDPT 5.315 04/14/32 BNYNN06 1.02 2,600,000 2,646,933.11
1.18 Bond - Foreign ENAPCL 5 1/4 11/06/29 BD3S2R2 1.01 2,600,000 2,629,285.96
1.18 Bond - Foreign ARGENT 4 1/8 07/09/35 BNC1788 0.64 4,100,000 2,618,429.13
1.15 Bond - Foreign REPHUN 6 1/4 09/22/32 BPXYFH5 1.07 2,400,000 2,564,733.40
1.15 Bond - Foreign KSA 5 3/4 01/16/54 BPQWK15 0.98 2,600,000 2,551,682.58
1.12 Bond - Foreign ENAPCL 6.15 05/10/33 BRJQTX3 1.04 2,400,000 2,486,946.48
1.11 Bond - Foreign BRAZIL 7 1/8 05/13/54 BMH2J83 0.99 2,500,000 2,470,308.12
1.10 Bond - Foreign TURKEY 6 1/8 10/24/28 BFZYKC3 1.02 2,400,000 2,451,431.92
1.08 Bond - Foreign PEMEX 6.84 01/23/30 BMBTPL5 0.93 2,600,000 2,412,298.55
1.08 Bond - Foreign CHLELC 6.01 01/20/33 BQ1P3M8 1.03 2,325,000 2,392,698.72
1.00 Bond - Foreign ANGOL 8 3/4 04/14/32 BP2R4G7 0.93 2,400,000 2,226,394.15
1.00 Bond - Foreign EGYPT 5.8 09/30/27 BMGCCJ6 0.97 2,300,000 2,222,909.99
0.96 Bond - Foreign OMAN 5 5/8 01/17/28 BFWM9S9 1.02 2,100,000 2,133,362.05
0.95 Bond - Foreign MEX 6.35 02/09/35 BNM9D06 1.01 2,100,000 2,121,053.31
0.95 Bond - Foreign CDEL 3 09/30/29 BKPGX25 0.92 2,300,000 2,117,133.97
0.94 Bond - Foreign SGCAZE 6 7/8 03/24/26 BD05CV0 1.04 2,000,000 2,082,548.90
0.91 Treasury Bond T 4 1/2 11/15/54 BRK14H6 1.02 2,000,000 2,032,411.95
0.91 Treasury Note T 4 1/4 01/31/30 BSPRXW4 1.01 2,000,000 2,028,451.31
0.90 Mutual Fund GLOBAL X 1-3 MONTH T-BILL BS096K4 100.43 20,000 2,008,600.00
0.87 Bond - Foreign SOAF 5 7/8 04/20/32 BMB0734 0.97 2,000,000 1,943,929.64
0.87 Bond - Foreign SOAF 4.85 09/30/29 BKRQ5R2 0.96 2,000,000 1,929,065.41
0.86 Treasury Bond T 4 1/4 02/15/54 BS2G1C0 0.96 2,000,000 1,922,507.33
0.85 Bond - Foreign OMAN 6 1/4 01/25/31 BMXYFP2 1.05 1,800,000 1,888,721.16
0.85 Bond - Foreign PHILIP 6 3/8 10/23/34 B55JJ76 1.11 1,700,000 1,884,134.44
0.82 Bond - Foreign COSTAR 6 1/8 02/19/31 BJLPZ01 1.02 1,800,000 1,827,773.25
0.82 Bond - Foreign DOMREP 6 07/19/28 BF2WX32 1.01 1,800,000 1,824,467.07
0.80 Bond - Foreign BHRAIN 6 3/4 09/20/29 BFB5LX8 1.05 1,700,000 1,786,550.18
0.80 Bond - Foreign PERU 5 7/8 08/08/54 BSWVNX0 0.99 1,800,000 1,775,257.30
0.78 Bond - Foreign ARAMCO 5 3/4 07/17/54 BPMQD12 0.97 1,800,000 1,740,516.10
0.78 Bond - Foreign CDEL 5.95 01/08/34 BNT9DH6 1.02 1,700,000 1,740,128.21
0.77 Bond - Foreign MEX 4 3/4 04/27/32 BMXPS56 0.95 1,800,000 1,706,582.59
0.76 Bond - Foreign DOMREP 4 1/2 01/30/30 BJV2X64 0.94 1,800,000 1,685,271.98
0.75 Bond - Foreign MOROC 2 3/8 12/15/27 BMHCD58 0.93 1,800,000 1,673,392.56
0.75 Bond - Foreign RAIZBZ 6.45 03/05/34 BMFF9Y0 1.04 1,600,000 1,659,854.27
0.74 Bond - Foreign IVYCST 6 1/8 06/15/33 BYW5KQ6 0.91 1,800,000 1,644,359.88
0.73 Bond - Foreign ARGENT 5 01/09/38 BNC1841 0.68 2,400,000 1,622,650.92
0.72 Bond - Foreign SERBIA 6 1/2 09/26/33 BPTJVP4 1.07 1,500,000 1,607,782.67
0.72 Bond - Foreign PETMK 4.55 04/21/50 BMD2JQ5 0.89 1,800,000 1,607,317.00
0.71 Bond - Foreign DOMREP 7.05 02/03/31 BQXTZM2 1.05 1,500,000 1,569,151.37
0.68 Bond - Foreign FIEMEX 7 1/4 01/31/41 BRBTNH2 1.01 1,491,376 1,504,086.33
0.68 Bond - Foreign BRAZIL 6 1/8 01/22/32 BS853W5 1.00 1,500,000 1,503,127.39
0.68 Bond - Foreign IDASAL 6.53 11/15/28 BFMVHJ3 1.07 1,400,000 1,500,780.24
0.67 Bond - Foreign DOMREP 4 7/8 09/23/32 BJP84G5 0.94 1,600,000 1,496,475.02
0.66 Bond - Foreign CDEL 3 5/8 08/01/27 BD09JJ9 0.98 1,500,000 1,463,531.84
0.64 Bond - Foreign MEX 6.4 05/07/54 BQB5NN9 0.95 1,500,000 1,426,385.21
0.64 Bond - Foreign ARGENT 3 1/2 07/09/41 BNC1852 0.59 2,400,000 1,425,477.42
0.64 Bond - Foreign PEMEX 6 1/2 01/23/29 BHNZPJ4 0.95 1,500,000 1,420,643.13
0.62 Bond - Foreign SHJGOV 6 1/2 11/23/32 BMTY4N7 1.05 1,300,000 1,367,525.21
0.61 Bond - Foreign EGYPT 5 7/8 02/16/31 BLH1TJ4 0.85 1,600,000 1,356,154.70
0.60 Bond - Foreign TURKEY 6 1/2 01/03/35 BL56D11 0.96 1,400,000 1,341,289.83
0.59 Bond - Foreign GCCAMM 3.614 04/20/32 BNZHZN4 0.88 1,500,000 1,321,946.81
0.58 Bond - Foreign BGARIA 5 03/05/37 BSY4VX3 1.00 1,300,000 1,293,561.77
0.58 Bond - Foreign BIMBOA 6.4 01/15/34 BQ720W2 1.07 1,200,000 1,285,310.58
0.57 Bond - Foreign NGERIA 7.696 02/23/38 BF3TZV4 0.85 1,500,000 1,276,790.06
0.56 Bond - Foreign REPHUN 6 1/8 05/22/28 BNNT8Q6 1.04 1,200,000 1,251,641.14
0.56 Bond - Foreign ECUA 5 1/2 07/31/35 BMGR2G8 0.54 2,300,000 1,247,666.12
0.56 Bond - Foreign RAILBZ 4.2 01/18/32 BK9RV20 0.88 1,400,000 1,235,475.77
0.56 Bond - Foreign OMAN 5 3/8 03/08/27 BF04YK4 1.03 1,200,000 1,235,137.29
0.55 Bond - Foreign NTBKKK 5 1/2 06/06/30 BSWYNQ2 1.03 1,200,000 1,233,242.04
0.55 Bond - Foreign CCUCI 3.35 01/19/32 BMVFJF5 0.87 1,400,000 1,215,878.19
0.54 Bond - Foreign REPHUN 5 1/4 06/16/29 BMY36F5 1.01 1,200,000 1,210,437.86
0.54 Bond - Foreign ADGB 2 1/2 04/16/25 BLGVN48 1.01 1,200,000 1,207,839.24
0.54 Bond - Foreign NGERIA 8.747 01/21/31 BGT0PT6 1.00 1,200,000 1,205,297.09
0.53 Bond - Foreign EXIMBK 3 7/8 02/01/28 BYW9648 0.98 1,200,000 1,174,583.89
0.53 Bond - Corporate JPM 1.578 04/22/27 BKVKLQ1 0.97 1,200,000 1,168,426.47
0.53 Bond - Foreign BRAZIL 4 1/2 05/30/29 BJ6R944 0.97 1,200,000 1,167,057.60
0.52 Bond - Foreign COLOM 4 1/2 03/15/29 BGV7K78 0.96 1,200,000 1,155,115.46
0.52 Bond - Foreign PANAMA 3 7/8 03/17/28 BYSXF47 0.96 1,200,000 1,152,101.18
0.52 Bond - Foreign NTBKKK 1 5/8 09/15/27 BNYDCZ4 0.96 1,200,000 1,148,017.54
0.52 Bond - Foreign NGERIA 7 5/8 11/28/47 BF2RBB1 0.82 1,400,000 1,144,640.73
0.50 Bond - Foreign GHANA 5 07/03/35 BQKQW58 0.75 1,500,000 1,117,517.51
0.50 Bond - Foreign KENINT 9 3/4 02/16/31 BNM6H49 1.02 1,100,000 1,117,126.33
0.50 Bond - Foreign MVMHU 6 1/2 03/13/31 BPCTN33 1.06 1,050,000 1,110,093.00
0.49 Bond - Foreign REPHUN 6 3/4 09/25/52 BPXYFD1 1.10 1,000,000 1,099,726.90
0.49 Bond - Corporate JPM 3.96 01/29/27 BHQTTL3 1.00 1,100,000 1,098,664.10
0.49 Bond - Foreign EGYPT 7 5/8 05/29/32 BMHWV98 0.90 1,200,000 1,085,532.21
0.48 Bond - Foreign PEMEX 7.69 01/23/50 BMYVTL6 0.77 1,400,000 1,073,251.61
0.48 Bond - Foreign PTTGC 2.98 03/18/31 BNNHLV6 0.89 1,200,000 1,069,090.44
0.48 Bond - Foreign QATAR 4.4 04/16/50 BL6KL96 0.89 1,200,000 1,064,162.64
0.47 Bond - Foreign PETMK 3 1/2 04/21/30 BMD2JR6 0.95 1,100,000 1,050,233.91
0.47 Bond - Foreign PEMEX 10 02/07/33 BQGHJ10 1.05 1,000,000 1,048,910.08
0.47 Bond - Foreign BIMBOA 6.05 01/15/29 BRBRPY7 1.05 1,000,000 1,045,839.10
0.47 Bond - Foreign COLOM 3 1/4 04/22/32 BN7N9J4 0.80 1,300,000 1,034,655.78
0.46 Bond - Foreign ADGB 4 7/8 04/30/29 BRJQKF2 1.03 1,000,000 1,030,463.07
0.46 Bond - Foreign OMAN 6 08/01/29 BHNV376 1.03 1,000,000 1,030,389.57
0.46 Bond - Foreign PKNPW 6 01/30/35 BLD9DD4 1.02 1,000,000 1,022,969.61
0.46 Treasury Note T 4 1/4 11/15/34 BRK14Z4 1.02 1,000,000 1,016,703.21
0.46 Bond - Corporate BAC 4.948 07/22/28 BNDK8X6 1.01 1,000,000 1,012,399.05
0.46 Bond - Foreign SOAF 4 7/8 04/14/26 BY9C1G7 1.01 1,000,000 1,011,223.93
0.45 Bond - Foreign TURKEY 4 1/4 04/14/26 BVYNZS4 1.00 1,000,000 1,003,037.91
0.45 Bond - Foreign TRITOB 6.4 06/26/34 BPBPCV3 1.00 1,000,000 1,002,062.28
0.45 Bond - Foreign REPHUN 5 1/2 03/26/36 BQRD616 1.00 1,000,000 1,000,546.37
0.45 Bond - Foreign SOAF 4.85 09/27/27 BD35XS1 1.00 1,000,000 999,887.09
0.45 Bond - Foreign TURKEY 4 3/4 01/26/26 BMDJ3V9 1.00 1,000,000 999,836.97
0.45 Bond - Foreign PHILIP 5 1/2 01/17/48 BQBFM09 1.00 1,000,000 999,174.44
0.44 Bond - Foreign COLOM 3 7/8 04/25/27 BYX7RT3 0.98 1,000,000 983,864.50
0.44 Bond - Corporate AMXLMM 4.7 07/21/32 BN101J5 0.98 1,000,000 981,986.04
0.44 Bond - Foreign KZOKZ 6 3/8 10/24/48 BFM6YV9 0.97 1,000,000 967,412.99
0.43 Bond - Foreign ROMANI 3 02/27/27 BNGFD66 0.96 1,000,000 961,245.84
0.43 Bond - Foreign SOAF 4.3 10/12/28 BYYHFB0 0.96 1,000,000 960,448.86
0.43 Bond - Foreign ECOPET 5 7/8 05/28/45 BMQXLW5 0.74 1,300,000 957,501.56
0.42 Bond - Foreign URUGUA 5.1 06/18/50 BNB7S17 0.94 1,000,000 942,829.34
0.42 Bond - Foreign TABRED 2 1/2 10/21/27 BMTM5K5 0.94 1,000,000 941,733.30
0.42 Bond - Foreign SOAF 7.3 04/20/52 BMB0723 0.94 1,000,000 940,013.54
0.42 Bond - Foreign CHILE 4 01/31/52 BNSMDK9 0.77 1,200,000 929,132.97
0.41 Bond - Foreign BGOSK 5 3/8 05/22/33 BNC3K29 1.01 900,000 909,262.23
0.40 Bond - Foreign GHANA 5 07/03/29 BQKQVZ1 0.90 1,000,000 896,131.60
0.40 Bond - Foreign EGYPT 7 1/2 01/31/27 BD31HH6 0.99 900,000 895,108.35
0.40 Bond - Foreign PANAMA 3.87 07/23/60 BJVN8G2 0.56 1,600,000 892,025.87
0.39 Bond - Foreign MOROC 6 1/2 09/08/33 BQXR5C6 1.08 800,000 860,447.83
0.39 Bond - Foreign PEMEX 5.95 01/28/31 BLNBRW7 0.86 1,000,000 856,796.75
0.38 Bond - Foreign ROMANI 3 5/8 03/27/32 BNGFH97 0.85 1,000,000 853,369.05
0.38 Bond - Foreign COLOM 5.2 05/15/49 BGC21T1 0.71 1,200,000 850,769.04
0.38 Bond - Foreign PLUSCM 6.24 07/03/36 BNZJ0C4 1.05 800,000 838,254.06
0.37 Bond - Foreign COLOM 3 1/8 04/15/31 BM8HHM7 0.83 1,000,000 825,599.29
0.37 Bond - Foreign UKRAIN 1 3/4 02/01/35 BKVF0R0 0.58 1,400,000 812,698.30
0.36 Bond - Foreign INDON 4.55 01/11/28 BNNSSB8 1.00 800,000 802,656.28
0.36 Bond - Foreign TURKEY 5 3/4 05/11/47 BD3N0C8 0.80 1,000,000 797,454.03
0.36 Bond - Foreign UKRAIN 1 3/4 02/01/34 BKVF0G9 0.59 1,350,000 797,175.26
0.35 Bond - Foreign PERU 2.783 01/23/31 BMGFFR4 0.87 900,000 786,855.29
0.35 Bond - Foreign QATAR 3 3/4 04/16/30 BL6BZF3 0.98 800,000 783,702.60
0.35 Bond - Foreign TENGIZ 4 08/15/26 BDCPB11 0.98 800,000 783,367.56
0.35 Bond - Foreign ARAMCO 3 1/2 04/16/29 BK0MP44 0.96 800,000 770,129.11
0.35 Bond - Foreign CHILE 3.24 02/06/28 BFYTTF5 0.96 800,000 766,570.18
0.34 Bond - Foreign ADNOCM 5 1/8 09/11/54 BP4YHC3 0.95 800,000 760,687.10
0.34 Bond - Foreign BNCE 2.72 08/11/31 BMYXTZ6 0.94 800,000 752,862.32
0.34 Bond - Foreign NGERIA 7.143 02/23/30 BF2XXP7 0.94 800,000 750,560.71
0.33 Bond - Foreign JBYCMX 2 1/2 10/14/31 BNG6XN6 0.82 900,000 736,308.96
0.32 Bond - Foreign OMAN 4 3/4 06/15/26 BZB1G08 1.00 700,000 703,436.35
0.32 Bond - Foreign REPHUN 5 1/2 06/16/34 BMZ0K20 1.00 700,000 700,519.90
0.32 Bond - Foreign AZERBJ 3 1/2 09/01/32 BF243X8 0.88 800,000 700,004.26
0.31 Bond - Foreign ECUA 5 07/31/40 BMGR2K2 0.49 1,400,000 690,731.85
0.30 Bond - Foreign ORBIA 2 7/8 05/11/31 BMBVMW1 0.84 800,000 670,990.92
0.30 Bond - Foreign ECUA 6.9 07/31/30 BMGR2C4 0.67 1,000,000 665,737.59
0.29 Bond - Foreign EIGPRL 4.387 11/30/46 BMX5H71 0.80 800,000 642,849.48
0.29 Bond - Foreign ROMANI 4 02/14/51 BMVZ933 0.64 1,000,000 642,658.70
0.28 Bond - Foreign DPWDU 5 1/2 09/13/33 BP5JT43 1.04 600,000 622,056.88
0.28 Bond - Foreign SOAF 5 7/8 09/16/25 BDS54C7 1.03 600,000 617,779.49
0.27 Bond - Foreign INDON 5.65 01/11/53 BNNMQT4 1.02 600,000 610,139.07
0.27 Bond - Foreign PETMK 3 1/2 03/18/25 BWCH433 1.02 600,000 609,381.66
0.27 Bond - Foreign ROMANI 5 1/4 11/25/27 BMBN001 1.01 600,000 605,560.24
0.27 Bond - Foreign KSA 4 1/2 04/17/30 BFNRZX0 1.00 600,000 599,959.46
0.27 Bond - Foreign PLNIJ 4 1/8 05/15/27 BF3W9X3 1.00 600,000 598,233.29
0.27 Bond - Foreign PARGUY 4.95 04/28/31 BL6FQ07 0.99 600,000 595,377.70
0.27 Bond - Foreign URUGUA 4 3/8 01/23/31 BHXJX58 0.98 600,000 589,739.14
0.25 Bond - Foreign INTLWT 5.95 12/15/39 BF19226 1.00 565,374 563,493.27
0.25 Bond - Foreign ROMANI 5 3/4 03/24/35 BP4YZS5 0.94 600,000 563,138.92
0.24 Bond - Foreign ADNOUH 4.6 11/02/47 BD6JB75 0.91 600,000 543,202.75
0.23 Bond - Foreign CKHH 4 3/4 04/21/28 BRJQHZ1 1.03 500,000 512,909.04
0.23 Bond - Foreign MEX 2.659 05/24/31 BN8ZSV4 0.85 600,000 507,822.71
0.23 Bond - Foreign DOMREP 5.95 01/25/27 BYX80W0 1.01 500,000 505,722.93
0.23 Bond - Foreign ROMANI 3 02/14/31 BMVVYM5 0.84 600,000 503,939.54
0.23 Bond - Foreign KENINT 8 1/4 02/28/48 BF2J2B4 0.84 600,000 503,196.96
0.23 Bond - Foreign EGYPT 8 7/8 05/29/50 BMQC081 0.84 600,000 501,338.07
0.22 Bond - Foreign KSA 2 1/4 02/02/33 BMFDCG7 0.82 600,000 491,433.98
0.22 Bond - Foreign PHILIP 3.7 02/02/42 BYWYT99 0.81 600,000 483,316.35
0.21 Bond - Foreign QATAR 4.817 03/14/49 BH3JG26 0.95 500,000 476,202.90
0.21 Bond - Foreign LEBAN 6.65 02/26/30 BW0FQK0 0.19 2,500,000 474,062.50
0.21 Bond - Foreign PANAMA 6.4 02/14/35 BP0XN37 0.95 500,000 473,954.35
0.21 Bond - Foreign BHRAIN 5 1/4 01/25/33 BN4N9S6 0.92 500,000 458,733.02
0.19 Bond - Foreign COSTAR 6.55 04/03/34 BNW12W7 1.06 400,000 423,518.33
0.19 Bond - Foreign SRILAN 3.6 02/15/38 BPLNMD9 0.82 500,000 411,720.30
0.19 Bond - Foreign SRILAN 3.6 05/15/36 BT25BP7 0.82 500,000 411,195.21
0.18 Bond - Foreign PANAMA 3 3/4 03/16/25 BWC9V16 1.02 400,000 406,404.86
0.18 Bond - Foreign QATAR 3.4 04/16/25 BL6BZC0 1.01 400,000 404,069.41
0.18 Bond - Foreign PRXNA 4.987 01/19/52 BPCQJS1 0.81 500,000 402,644.36
0.18 Bond - Foreign JORDAN 5 3/4 01/31/27 BYWVG66 0.99 400,000 396,028.35
0.16 Bond - Foreign PKSTAN 7 3/8 04/08/31 BNDLS51 0.90 400,000 361,010.93
0.16 Bond - Foreign EIGPRL 3.545 08/31/36 BMX5H82 0.88 400,000 353,484.93
0.16 Bond - Corporate SASOL 5 1/2 03/18/31 BNNLH09 0.88 400,000 351,352.97
0.16 Bond - Foreign HYUELE 2 3/8 01/19/31 BMV7YQ7 0.87 400,000 349,341.96
0.16 Bond - Foreign DPWDU 4.7 09/30/49 BJLBK60 0.87 400,000 347,319.80
0.15 Bond - Foreign UKRAIN 1 3/4 02/01/36 BKVF0L4 0.57 600,000 342,294.59
0.15 Bond - Foreign ELSALV 7.1246 01/20/50 BJBLT29 0.85 400,000 341,813.39
0.15 Bond - Foreign SRILAN 3.35 03/15/33 BPLNMN9 0.82 406,380 332,464.11
0.14 Bond - Foreign PARGUY 5 04/15/26 BD2MDP0 1.02 314,000 320,352.46
0.14 Bond - Foreign EGYPT 7.903 02/21/48 BYWJDR0 0.75 400,000 300,960.59
0.13 Bond - Foreign UKRAIN 0 02/01/35 BKVF0P8 0.66 439,274 288,163.74
0.13 Bond - Foreign SRILAN 3.6 06/15/35 BPLNMB7 0.70 400,000 280,075.05
0.12 Bond - Foreign UKRAIN 0 02/01/36 BKVF0Q9 0.65 400,000 261,400.00
0.12 Bond - Foreign UKRAIN 0 02/01/34 BKVF0N6 0.43 600,000 259,800.00
0.12 Bond - Foreign PANAMA 4 1/2 04/01/56 BK8TZM5 0.65 400,000 259,128.83
0.11 Bond - Foreign SRILAN 4 04/15/28 BPLNMC8 0.95 261,739 248,358.80
0.10 Bond - Foreign PHILIP 5.95 10/13/47 BPTH590 1.07 200,000 213,883.63
0.10 Bond - Foreign PERTIJ 6.45 05/30/44 BMW3NT0 1.07 200,000 213,859.02
0.09 Bond - Foreign FRIDPT 6.2 04/14/52 BNYNMZ4 1.03 200,000 205,630.92
0.09 Bond - Foreign DPWDU 4.848 09/26/28 BFCMGH7 1.01 200,000 202,773.14
0.09 Bond - Foreign PERU 2.392 01/23/26 BMGFFS5 0.98 200,000 195,802.32
0.09 Bond - Foreign DOMREP 6.4 06/05/49 BGLJW45 0.97 200,000 193,753.67
0.08 Bond - Foreign QATAR 4 5/8 06/02/46 BZ6CSL1 0.93 200,000 185,087.91
0.08 Bond - Foreign SRILAN 3.1 01/15/30 BT22PN4 0.89 207,180 185,086.43
0.08 Bond - Foreign BRAZIL 3 3/4 09/12/31 BMD7M49 0.90 200,000 180,263.56
0.07 Bond - Foreign TGPERU 4 1/4 04/30/28 B7ZRB45 1.00 160,000 159,396.33
0.07 Bond - Foreign CHILE 3.86 06/21/47 BDT5NK7 0.78 200,000 155,512.16
0.06 Bond - Foreign SHJGOV 4 3/8 03/10/51 BMV3380 0.71 200,000 142,855.57
0.06 Bond - Foreign MEX 4.4 02/12/52 BNSP0K7 0.71 200,000 141,391.66
0.06 Bond - Foreign MOROC 4 12/15/50 BMHFZL7 0.70 200,000 139,236.26
0.06 Bond - Foreign GHANA 0 01/03/30 BQKQVX9 0.78 166,680 130,282.16
0.05 Bond - Foreign GHANA 0 07/03/26 BQKQVW8 0.93 120,000 111,950.40
0.05 Bond - Foreign UKRAIN 0 02/01/30 BKVF0M5 0.56 200,000 111,700.00
-0.52 Cash OTHER PAYABLE & RECEIVABLES 1.00 -1,147,321 -1,147,320.60
Holdings are subject to change. "Cash" denotes U.S. dollars.

Credit Quality Breakdown (%) As of 01/31/25

Credit Rating Weight (%)
AA+ to AA- 4.3
A+ to A- 11.4
BBB+ to BBB- 29.8
BB+ to BB- 31.1
B+ to B- 8.4
CCC+ to CCC- 8.2
NR 7.0

Credit Quality Methodology: All rated securities are rated by at least one of the three major rating agencies (Moody’s, S&P, & Fitch). If more than one of these rating agencies rated the security, then an average of the ratings was taken to decide the security’s rating. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest).

ETF Characteristics As of 02/28/25

Macaulay Duration 6.6 Years
Modified Duration 6.42
Yield to Maturity 5.96%
Issuer Type Breakdown
Government 0.00%
Corporate 30.43%
Other 1.84%

Source: new windowAltaVista Research, LLC

ETF Research

Why Emerging Market Bonds? Why EMBD?

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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 a Fund are presumed to be reportable as common stock. The SVO may classify a Fund, for reporting with an NAIC Designation, as a bond or preferred stock, as applicable, 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 Investment Analysis Office. The assignment of an NAIC Designation is not a recommendation to purchase the Fund and is not intended to convey approval or endorsement of the Fund Sponsor or the Fund 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.

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.