ARGT


MSCI Argentina ETF

Reasons to Consider ARGT

Long-Term Growth Potential

A shift toward economy orthodoxy under President Javier Milei could drive foreign investment into Argentina and unlock its true economic potential.

Targeted Exposure

The ETF targets exposure to a single country.

Efficient Access

ARGT delivers efficient access to a broad basket of Argentine securities.

Key Information As of 10/28/24

Inception Date 03/02/11
Total Expense Ratio 0.59%
Net Assets $462.01 million
NAV $73.86
Fact Sheet View the document

ETF Summary

The Global X MSCI Argentina ETF (ARGT) invests in among the largest and most liquid securities with exposure to Argentina.

ETF Objective

The Global X MSCI Argentina ETF (ARGT) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Argentina 25/50 Index.

Trading Details As of 10/28/24

Ticker ARGT
Bloomberg Index Ticker M1AAR5R
CUSIP 37950E259
ISIN US37950E2596
Primary Exchange NYSE Arca
Shares Outstanding 6,254,975
Number of Holdings 25
30-Day Median Bid-Ask Spread 0.35%

Distributions As of 10/28/24

30-Day SEC Yield 1.93%
Distribution Frequency Semi-Annually

ETF Prices As of 10/28/24

NAV $73.86 Daily Change $0.18 0.24%
Market Price $74.17 Daily Change $0.25 0.34%

Performance History

As of recent month & quarter-end (09/30/24)
As of recent month & quarter-end (09/30/24)
Fund NAV Market Price Index
1 Year 62.07% 62.85% 62.92%
3 Years 27.98% 28.15% 28.51%
5 Years 25.25% 25.37% 25.78%
10 Years 13.25% 13.30% 13.64%
Since Inception 7.21% 7.23% 7.79%
1 Year 62.07% 62.85% 62.92%
3 Years 27.98% 28.15% 28.51%
5 Years 25.25% 25.37% 25.78%
10 Years 13.25% 13.30% 13.64%
Since Inception 7.21% 7.23% 7.79%
Year-to-Date 29.45% 29.62% 29.95%
1 Month 1.94% 1.70% 2.03%
3 Months 16.30% 16.70% 16.43%
Since Inception 157.54% 158.24% 177.11%
Year-to-Date 29.45% 29.62% 29.95%
1 Month 1.94% 1.70% 2.03%
3 Months 16.30% 16.70% 16.43%
Since Inception 157.54% 158.24% 177.11%

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 10/28/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
19.71 MELI MERCADOLIBRE INC B23X1H3 2,056.09 44,573 91,646,099.57
12.65 GGAL GRUPO GALICI-ADR 2613570 54.11 1,087,183 58,827,472.13
9.85 YPF YPF S.A.-SPONSORED ADR 2985945 25.51 1,794,491 45,777,465.41
5.26 BMA BANCO MACRO SA-ADR B0Y62M9 79.11 309,224 24,462,710.64
4.89 PAM PAMPA ENERGIA SA-SPON ADR B41HK52 67.00 339,161 22,723,787.00
4.39 TGS TRANSPORT GA-ADR 2902944 22.16 921,913 20,429,592.08
3.64 CENCOSUD CI CENCOSUD SA B00R3L2 2.14 7,904,034 16,928,697.76
3.59 SSRM CN SSR MINING INC BF7MPL9 6.34 2,637,016 16,709,541.45
3.47 FIL CN FILO CORP BMDHMH2 23.43 688,775 16,135,075.16
3.33 ANDINAB CI Embotelladora Andina SA 2311454 3.13 4,942,540 15,461,570.46
3.30 ARCO ARCOS DORADOS-A B529PQ0 9.28 1,651,917 15,329,789.76
3.16 CEPU CENTRAL PUERTO-A BDVP1Y5 11.22 1,308,983 14,686,789.26
2.82 BBAR BBVA ARGENTINA SA-ADR BKT4TC7 13.81 950,122 13,121,184.82
2.82 DESP DESPEGAR.COM CORP BDFS4G3 14.82 883,338 13,091,069.16
2.78 AGRO ADECOAGRO SA B65BNQ6 11.66 1,108,236 12,922,031.76
2.20 TEO TELECOM ARGE-ADR 2878829 8.77 1,167,906 10,242,535.62
2.10 CCU CI CIA CERVECERIAS UNIDAS SA 2196189 5.80 1,685,411 9,778,410.32
1.74 CAAP CORP AMERICA AIRPORTS SA BD45SN0 18.98 426,897 8,102,505.06
1.55 EDN EMP DISTRIB-ADR B1W9D79 26.48 272,659 7,220,010.32
1.53 LOMA LOMA NEGRA C-ADR BYP6YP3 9.14 775,696 7,089,861.44
1.36 SUPV GRUPO SV-SP ADR BYZJRN1 8.93 706,493 6,308,982.49
1.16 LAAC CN LITHIUM AMERICAS BRBS2X8 3.69 1,461,270 5,391,674.83
1.10 IRS IRSA -SP ADR BMCZR16 13.07 390,603 5,105,181.21
0.95 CRESY CRESUD S.A.-SPONS ADR 2226893 9.32 475,680 4,433,337.60
0.50 BIOX BIOCERES CROP SO BJT1RX8 7.04 331,773 2,335,681.92
0.38 CASH 1.00 1,748,980 1,748,980.46
0.00 CANADIAN DOLLAR 0.72 329 236.98
-0.10 OTHER PAYABLE & RECEIVABLES 1.00 -440,156 -440,155.97
-0.13 CHILEAN PESO 0.00 -573,274,460 -604,841.12
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 09/30/24

Sector Weight (%)
Consumer Discretionary 31.5
Financials 19.4
Energy 13.5
Materials 11.0
Utilities 9.4
Consumer Staples 9.2
Communication Services 2.2
Real Estate 2.1
Industrials 1.8

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Consumer Discretionary Distribution & Retail 25.9
Banks 20.2
Energy 14.0
Materials 11.4
Utilities 9.8
Consumer Services 6.9
Food, Beverage & Tobacco 6.6
Telecommunication Services 2.3
Transportation 1.9
Real Estate Management & Devel 1.1

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 10/28/24

Return on Equity 12.50%
Weighted Avg. Market Cap 26,761 M
2023 2024
Price-to-earnings 14.85 14.55
Price-to-book value 1.89 1.74

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 09/30/24

Versus Beta
S&P 500 1.17
NASDAQ-100 0.79
MSCI EAFE 1.37
MSCI Emg. Mkts 1.02
Standard Deviation 34.20%

Source: new windowAltaVista Research, LLC

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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. Securities focusing on a single country may be subject to higher volatility. ARGT 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. Beginning October 15, 2020, 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. Prior to October 15, 2020, market price returns were based on the midpoint between the Bid and Ask price. 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.

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.