VNAM

MSCI Vietnam ETF

Reasons to Consider VNAM

Long-Term Growth Potential

Vietnam's GDP increased more than 5% in 2023 and is expected to grow at an even faster rate in 2024. From 2025-2028, forecasts call for annual growth of 6.5%.¹

Targeted Exposure

The ETF targets exposure to a single country.

Efficient Access

VNAM delivers efficient access to a broad basket of Vietnamese securities.

¹Statista, May 2024

Key Information As of 08/30/24

Inception Date	12/07/21
Total Expense Ratio	0.55%
Net Assets	$12.38 million
NAV	$16.51
Fact Sheet	View the document

ETF Summary

The Global X MSCI Vietnam ETF (VNAM) invests across the large and mid cap segments of the Vietnam market.

ETF Objective

The Global X MSCI Vietnam ETF (VNAM) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Vietnam Select 25-50 Index.

Trading Details As of 08/29/24

Ticker	VNAM
Bloomberg Index Ticker	MXVNAMN
CUSIP	37960A883
ISIN	US37960A8835
Primary Exchange	NYSE Arca
Shares Outstanding	750,000
Number of Holdings	58
30-Day Median Bid-Ask Spread	0.72%

Distributions As of 08/30/24

30-Day SEC Yield	1.90%
Distribution Frequency	Semi-Annually

ETF Prices As of 08/30/24

NAV	$16.51	Daily Change	$0.01	0.06%
Market Price	$16.35	Daily Change	-$0.02	-0.12%

As of recent (06/30/24) As of recent (06/30/24)	Fund NAV	Market Price	Index
1 Year	-2.83%	-4.08%	-1.63%
Since Inception	-16.25%	-16.52%	-15.55%
1 Year	-12.59%	-14.11%	-11.53%
Since Inception	-15.97%	-16.14%	-15.30%
Year-to-Date	-3.25%	-4.21%	-2.99%
1 Month	-3.31%	-3.51%	-3.23%
3 Months	-10.19%	-11.07%	-9.40%
Since Inception	-36.54%	-37.06%	-35.17%
Year-to-Date	-3.85%	-4.51%	-3.60%
1 Month	-0.62%	-0.31%	-0.63%
3 Months	-0.61%	-0.80%	-0.48%
Since Inception	-36.94%	-37.26%	-35.58%

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 ($)	Shares Held	Market Value ($)
9.92	HPG VN	HOA PHAT GROUP JSC	B29CC15	1.03	1,198,614	1,228,729.93
7.85	VHM VN	VINHOMES JSC	BFZBXH0	1.67	582,800	972,309.55
6.71	VNM VN	VIET NAM DAIRY P	B16GLK5	2.97	279,700	830,947.94
6.36	VCB VN	BANK FOR FOREIGN	B622TR5	3.69	213,759	788,008.03
6.29	VIC VN	VINGROUP JSC	B27Y417	1.78	438,600	779,341.51
6.15	MSN VN	MASAN GROUP CORP	B59R0P1	3.08	247,520	761,217.29
4.43	SSI VN	SSI SECURITIES CORP	B1LB8G0	1.35	404,450	547,938.29
2.62	DGC VN	DUC GIANG CHEMICALS JSC	BP0RTK8	4.57	71,080	324,896.32
2.22	VRE VN	VINCOM RETAIL JSC	BZ0WW59	0.77	355,900	274,704.72
2.20	VND VN	VNDIRECT SECURITIES CORP	B4XXQS3	0.62	436,250	271,834.17
2.13	KDH VN	KHANG DIEN HOUSE	B3M16J2	1.52	173,736	263,310.44
2.12	VJC VN	VIETJET AVIATION JSC	BYP2451	4.23	62,100	262,879.60
2.09	VIX VN	VIX SECURITIES JSC	B5N90B9	0.49	530,095	258,920.77
1.78	VCI VN	VIETCAP SECURITIES JSC	BYVTMH4	1.87	118,140	220,607.16
1.53	NVL VN	NOVALAND INVESTMENT GROUP	BYZCMP7	0.52	364,891	189,963.35
1.44	SHB VN	SHB BANK	B3V86Y9	0.42	419,573	177,949.55
1.38	BID VN	BANK FOR INVESTM	BJ4WY68	1.97	87,049	171,123.47
1.38	FRT VN	FPT DIGITAL RETAIL JSC	BFM5DX1	7.30	23,380	170,779.74
1.25	KBC VN	KINH BAC CITY DE	B2B3VJ7	1.08	143,600	154,424.12
1.22	IDC VN	IDICO CORP JSC	BFMT742	2.44	61,740	150,409.81
1.21	EIB VN	VIETNAM EXPORT-I	B58P9L5	0.75	200,044	149,178.54
1.18	PVS VN	PETROVIETNAM TEC	B2QMMQ3	1.64	89,400	146,633.97
1.12	GEX VN	GELEX GROUP JSC	BYV0WY4	0.85	162,500	138,165.83
1.07	STB VN	SACOMBANK	B19HJ45	1.23	107,900	132,516.38
1.05	PDR VN	PHAT DAT REAL ES	B4V9BD3	0.87	149,913	129,874.38
1.02	VHC VN	VINH HOAN CORP	B2N7VQ4	2.96	42,780	126,577.21
0.99	KDC VN	KIDO GROUP CORP	B16GKS6	2.23	55,273	123,100.47
0.98	POW VN	PETROVIETNAM POWER CORP	BFX2T66	0.54	223,400	120,793.17
0.93	CTG VN	VIETNAM JS COMM	B3PL622	1.41	81,989	115,526.21
0.93	PVD VN	PETROVIETNAM DRI	B1HMTK8	1.10	103,952	114,712.86
0.92	VPI VN	VAN PHU - INVEST	BF2RZ53	2.28	49,864	113,459.39
0.91	SAB VN	SAIGON BEER ALCO	BDSFBV5	2.31	48,900	113,035.18
0.90	SIP VN	SAIGON VRG INVESTMENT COR	BKBDP80	3.09	35,895	110,967.86
0.86	DIG VN	DEVELOPMENT INVE	B3XZ1Y3	0.93	113,980	106,304.96
0.81	NAB VN	NAM A COMMERCIAL JSB	BKSB0V5	0.66	151,300	100,359.80
0.81	SHS VN	SAIGON - HANOI SECURITIES	B5ZWC43	0.66	151,975	100,196.58
0.78	TCH VN	HOANG HUY INVEST	BYQ4467	0.74	129,916	96,620.94
0.78	HSG VN	HOA SEN GROUP	B3FQWF2	0.84	115,130	96,269.51
0.75	HUT VN	TASCO JSC	B2QXYW6	0.68	136,100	93,013.07
0.71	GAS VN	PETROVIETNAM GAS JSC	B83C9P6	3.35	26,220	87,804.06
0.70	DXG VN	DAT XANH GROUP	B56QVW5	0.63	137,366	86,699.35
0.68	HAG VN	HAGL JSC	B3KLW63	0.43	197,500	84,557.79
0.68	VCG VN	VIETNAM CONSTRUC	B3D0PX5	0.76	111,757	84,463.58
0.66	FTS VN	FPT SECURITIES JSC	BZ6T4X6	1.76	46,580	81,830.99
0.64	CTR VN	VIETTEL CONSTRUC	BD3FKG8	5.15	15,300	78,791.16
0.63	DGW VN	DIGIWORLD CORP	BZ03995	2.49	31,220	77,689.17
0.62	PVT VN	PETROVIET TRANSP	B1LB990	1.16	66,450	76,801.51
0.61	DCM VN	PETRO CA MAU FER	BWG92M0	1.50	50,400	75,777.29
0.59	DPM VN	PETROVIETNAM FER	B291F68	1.40	52,200	73,132.46
0.59	HDG VN	HA DO JSC	B3PKX17	1.13	64,001	72,555.91
0.54	PC1 VN	PC1 GROUP JSC	BYX2RS7	1.14	59,251	67,290.08
0.53	CEO VN	CEO GROUP JSC	BN5RL69	0.65	100,770	65,221.99
0.52	SBT VN	THANH THANH CONG	B2PXTH7	0.50	126,862	64,004.75
0.50	SJS VN	SONGDA URBAN & I	B1CBVZ9	2.82	21,800	61,522.01
0.48	BWE VN	BINH DUONG WATER	BF1Y1F7	1.78	33,500	59,592.96
0.43	KOS VN	KOSY JSC	BFF5BT0	1.61	32,900	52,904.52
0.39	PLX VN	VIETNAM NATIONAL	BYQH5X0	1.95	24,600	48,062.71
0.35	NKG VN	NAM KIM STEEL JSC	B3WZ5F3	0.88	50,000	43,819.10
0.07		VIETNAMESE DONG		0.00	223,980,003	9,004.22
0.01		CASH		1.00	1,784	1,784.35
0.01		OTHER PAYABLE & RECEIVABLES		1.00	677	677.41

Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 07/31/24

	Sector	Weight (%)
	Real Estate	25.2
	Financials	24.2
	Consumer Staples	16.8
	Materials	16.4
	Industrials	10.3
	Energy	2.9
	Utilities	2.0
	Consumer Discretionary	1.4
	Information Technology	0.6
	Other	0.2

Source: new windowAltaVista Research, LLC

	Industry	Weight (%)
	Real Estate	25.4
	Food Products	15.9
	Banking	12.9
	Metals & Mining	12.4
	Financial Services	11.0
	Construction	5.6
	Chemicals	4.2
	Energy	3.4
	Airlines	2.3
	Utilities	2.1
	Electrical Equipment	1.9
	Other	2.9

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 08/29/24

Return on Equity	12.20%
Weighted Avg. Market Cap	4,390 M
	2023	2024
Price-to-earnings	15.63	13.15
Price-to-book value	1.67	1.55

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 07/31/24

Versus	Beta
S&P 500	0.93
NASDAQ-100	0.76
MSCI EAFE	1.00
MSCI Emg. Mkts	1.16
Standard Deviation	27.80%

Source: new windowAltaVista Research, LLC

ETF Documents

Latest Premium / Discount As of 08/30/24

NAV	$16.51
Market Price	$16.35
Premium / (Discount)	($0.17)

Current View 2024 Q3 As of 08/30/24

Days at Premium	4
Days at NAV	0
Days at Discount	40
Greatest Premium	0.63%
Greatest Discount	-1.91%

Daily Premium / Discount History As of 08/30/24

Hover over the chart points for details

View Chart Explanation

Download Chart Data (.CSV)

How can the Fund trade at a premium/discount to its NAV?

The primary explanation is that timing discrepancies can arise between the NAV and the trading price of the Fund. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

What causes these time discrepancies?

Close of Trading Times. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.

Time of Last Trade. Trading of Global X funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade - from which the closing price is determined - may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to deviate from the closing price.

International Holdings. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.

Investing involves risk, including the possible loss of principal. International investing may involve risk of capital loss from unfavorable fluctuations 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. Securities focusing on a single country may be subject to higher volatility. VNAM is non-diversified.

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. 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. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times. 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 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.

VNAM

MSCI Vietnam ETF

Reasons to Consider VNAM

Long-Term Growth Potential

Targeted Exposure

Efficient Access

Key Information As of 08/30/24

ETF Summary

ETF Objective

Trading Details As of 08/29/24

Distributions As of 08/30/24

ETF Prices As of 08/30/24

Performance History

Top Holdings As of 08/30/24

Exposure As of 07/31/24

ETF Characteristics As of 08/29/24

ETF Risk Stats As of 07/31/24

ETF Documents