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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.1

1Diversification does not ensure a profit or guarantee against a loss.

Key Information As of 02/14/25

Inception Date 06/01/20
Total Expense Ratio 0.39%
Net Assets $211.50 million
NAV $22.87
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 02/13/25

Ticker EMBD
Bloomberg IOPV Ticker EMBDIV
CUSIP 37954Y350
ISIN US37954Y3505
Primary Exchange NYSE Arca
Shares Outstanding 9,250,000
Number of Holdings 204
30-Day Median Bid-Ask Spread 0.56%
NAIC Designation Preliminary 3.C as of 03/31/24

Distributions As of 02/14/25

30-Day SEC Yield 6.17%
Trailing 12-Month Distribution (%) 1 5.91%
Distribution Rate 2 5.70%
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 02/14/25

NAV $22.87 Daily Change $0.09 0.40%
Market Price $22.88 Daily Change -$0.03 -0.13%

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 9.48% 9.80% 8.99%
3 Years 2.10% 2.11% 0.11%
Since Inception 3.25% 3.28% 1.41%
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 1.20% 1.42% 1.34%
1 Month 1.20% 1.42% 1.34%
3 Months 1.27% 1.40% 0.97%
Since Inception 16.09% 16.27% 6.74%

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 02/14/25

Full Holdings (.csv)
Net Assets (%) Security Type Name SEDOL Market Price ($) Shares Held Market Value ($)
2.58 Cash CASH 1.00 5,538,942 5,538,942.05
1.42 Treasury Note T 5 10/31/25 BMWPY04 1.02 3,000,000 3,059,588.23
1.34 Bond - Foreign ESKOM 6.35 08/10/28 BF2F610 0.99 2,900,000 2,879,275.81
1.33 Bond - Foreign BRAZIL 6 10/20/33 BN6QD25 0.99 2,900,000 2,866,610.28
1.28 Bond - Foreign POLAND 5 1/2 04/04/53 BN7B125 0.96 2,850,000 2,739,703.39
1.24 Bond - Foreign PERU 8 3/4 11/21/33 2172833 1.21 2,200,000 2,663,878.53
1.22 Bond - Foreign ENAPCL 5 1/4 11/06/29 BD3S2R2 1.01 2,600,000 2,617,009.79
1.21 Bond - Foreign ADGB 5 1/2 04/30/54 BRJQKD0 1.00 2,600,000 2,609,805.70
1.20 Bond - Foreign ARGENT 4 1/8 07/09/35 BNC1788 0.66 3,900,000 2,582,155.77
1.17 Bond - Foreign REPHUN 6 1/4 09/22/32 BPXYFH5 1.05 2,400,000 2,522,625.11
1.14 Bond - Foreign BRAZIL 7 1/8 05/13/54 BMH2J83 0.98 2,500,000 2,446,985.79
1.12 Bond - Foreign FRIDPT 5.315 04/14/32 BNYNN06 1.01 2,400,000 2,413,167.87
1.12 Bond - Foreign PEMEX 6.84 01/23/30 BMBTPL5 0.93 2,600,000 2,410,832.33
1.10 Bond - Foreign CHLELC 6.01 01/20/33 BQ1P3M8 1.02 2,325,000 2,372,735.39
1.07 Bond - Foreign KSA 5 3/4 01/16/54 BPQWK15 0.96 2,400,000 2,307,462.13
1.05 Bond - Foreign ENAPCL 6.15 05/10/33 BRJQTX3 1.03 2,200,000 2,263,003.25
1.05 Bond - Foreign TURKEY 6 1/8 10/24/28 BFZYKC3 1.02 2,200,000 2,246,063.04
1.04 Bond - Foreign ANGOL 8 3/4 04/14/32 BP2R4G7 0.93 2,400,000 2,241,646.15
1.03 Bond - Foreign EGYPT 5.8 09/30/27 BMGCCJ6 0.97 2,300,000 2,222,779.59
0.98 Bond - Foreign CDEL 3 09/30/29 BKPGX25 0.91 2,300,000 2,094,697.82
0.97 Bond - Foreign MEX 6.35 02/09/35 BNM9D06 1.00 2,100,000 2,091,633.12
0.97 Bond - Foreign SGCAZE 6 7/8 03/24/26 BD05CV0 1.04 2,000,000 2,078,485.00
0.93 Mutual Fund GLOBAL X 1-3 MONTH T-BILL BS096K4 100.25 20,000 2,005,000.00
0.91 Treasury Bond T 4 1/2 11/15/54 BRK14H6 0.98 2,000,000 1,957,929.90
0.90 Bond - Foreign SOAF 5 7/8 04/20/32 BMB0734 0.97 2,000,000 1,936,921.87
0.89 Bond - Foreign SOAF 4.85 09/30/29 BKRQ5R2 0.96 2,000,000 1,920,438.10
0.89 Bond - Foreign OMAN 5 5/8 01/17/28 BFWM9S9 1.01 1,900,000 1,917,376.95
0.87 Bond - Foreign COSTAR 6 1/8 02/19/31 BJLPZ01 1.04 1,800,000 1,872,225.00
0.87 Bond - Foreign OMAN 6 1/4 01/25/31 BMXYFP2 1.04 1,800,000 1,866,352.81
0.87 Bond - Foreign PHILIP 6 3/8 10/23/34 B55JJ76 1.10 1,700,000 1,861,602.46
0.86 Treasury Bond T 4 1/4 02/15/54 BS2G1C0 0.93 2,000,000 1,851,095.47
0.84 Bond - Foreign DOMREP 6 07/19/28 BF2WX32 1.00 1,800,000 1,805,288.62
0.83 Bond - Foreign BHRAIN 6 3/4 09/20/29 BFB5LX8 1.05 1,700,000 1,782,448.30
0.79 Bond - Foreign ARAMCO 5 3/4 07/17/54 BPMQD12 0.95 1,800,000 1,704,540.96
0.78 Bond - Foreign ARGENT 5 01/09/38 BNC1841 0.70 2,400,000 1,685,099.33
0.78 Bond - Foreign DOMREP 4 1/2 01/30/30 BJV2X64 0.92 1,800,000 1,664,975.14
0.77 Bond - Foreign RAIZBZ 6.45 03/05/34 BMFF9Y0 1.04 1,600,000 1,660,585.24
0.77 Bond - Foreign MOROC 2 3/8 12/15/27 BMHCD58 0.92 1,800,000 1,657,840.17
0.77 Bond - Foreign IVYCST 6 1/8 06/15/33 BYW5KQ6 0.92 1,800,000 1,652,419.38
0.74 Bond - Foreign SERBIA 6 1/2 09/26/33 BPTJVP4 1.06 1,500,000 1,587,145.77
0.73 Bond - Foreign PETMK 4.55 04/21/50 BMD2JQ5 0.88 1,800,000 1,578,389.51
0.72 Bond - Foreign DOMREP 7.05 02/03/31 BQXTZM2 1.03 1,500,000 1,552,229.10
0.72 Bond - Foreign PERU 5 7/8 08/08/54 BSWVNX0 0.97 1,600,000 1,546,029.41
0.71 Bond - Foreign CDEL 5.95 01/08/34 BNT9DH6 1.01 1,500,000 1,515,681.59
0.70 Bond - Foreign MEX 4 3/4 04/27/32 BMXPS56 0.94 1,600,000 1,496,096.66
0.69 Bond - Foreign BRAZIL 6 1/8 01/22/32 BS853W5 0.99 1,500,000 1,491,174.89
0.69 Bond - Foreign IDASAL 6.53 11/15/28 BFMVHJ3 1.06 1,400,000 1,489,529.99
0.69 Bond - Foreign ARGENT 3 1/2 07/09/41 BNC1852 0.62 2,400,000 1,479,916.17
0.68 Bond - Foreign CDEL 3 5/8 08/01/27 BD09JJ9 0.97 1,500,000 1,453,248.94
0.66 Bond - Foreign PEMEX 6 1/2 01/23/29 BHNZPJ4 0.94 1,500,000 1,417,260.85
0.65 Bond - Foreign MEX 6.4 05/07/54 BQB5NN9 0.93 1,500,000 1,401,932.35
0.63 Bond - Foreign EGYPT 5 7/8 02/16/31 BLH1TJ4 0.85 1,600,000 1,354,779.01
0.62 Bond - Foreign TURKEY 6 1/2 01/03/35 BL56D11 0.95 1,400,000 1,334,719.45
0.62 Bond - Foreign NGERIA 7.696 02/23/38 BF3TZV4 0.88 1,500,000 1,325,797.17
0.61 Bond - Foreign GCCAMM 3.614 04/20/32 BNZHZN4 0.87 1,500,000 1,312,016.34
0.60 Bond - Foreign DOMREP 4 7/8 09/23/32 BJP84G5 0.92 1,400,000 1,291,102.73
0.60 Bond - Foreign FIEMEX 7 1/4 01/31/41 BRBTNH2 0.99 1,292,525 1,280,615.14
0.59 Bond - Foreign BIMBOA 6.4 01/15/34 BQ720W2 1.06 1,200,000 1,266,763.25
0.59 Bond - Foreign ECUA 5 1/2 07/31/35 BMGR2G8 0.55 2,300,000 1,260,040.95
0.59 Bond - Foreign BGARIA 5 03/05/37 BSY4VX3 0.97 1,300,000 1,259,977.94
0.58 Bond - Foreign REPHUN 6 1/8 05/22/28 BNNT8Q6 1.04 1,200,000 1,242,138.84
0.57 Bond - Foreign OMAN 5 3/8 03/08/27 BF04YK4 1.03 1,200,000 1,231,565.79
0.57 Bond - Foreign NTBKKK 5 1/2 06/06/30 BSWYNQ2 1.02 1,200,000 1,225,031.30
0.57 Bond - Foreign RAILBZ 4.2 01/18/32 BK9RV20 0.87 1,400,000 1,217,293.29
0.56 Bond - Foreign CCUCI 3.35 01/19/32 BMVFJF5 0.86 1,400,000 1,210,490.10
0.56 Bond - Foreign ADGB 2 1/2 04/16/25 BLGVN48 1.00 1,200,000 1,205,884.62
0.54 Bond - Foreign EXIMBK 3 7/8 02/01/28 BYW9648 0.97 1,200,000 1,164,586.16
0.54 Bond - Corporate JPM 1.578 04/22/27 BKVKLQ1 0.97 1,200,000 1,163,701.45
0.54 Bond - Foreign BRAZIL 4 1/2 05/30/29 BJ6R944 0.97 1,200,000 1,161,079.07
0.53 Bond - Foreign COLOM 4 1/2 03/15/29 BGV7K78 0.96 1,200,000 1,148,299.77
0.53 Bond - Foreign PANAMA 3 7/8 03/17/28 BYSXF47 0.95 1,200,000 1,144,581.57
0.53 Bond - Foreign NTBKKK 1 5/8 09/15/27 BNYDCZ4 0.95 1,200,000 1,142,337.36
0.53 Bond - Foreign GHANA 5 07/03/35 BQKQW58 0.75 1,500,000 1,129,435.04
0.51 Bond - Foreign KENINT 9 3/4 02/16/31 BNM6H49 1.00 1,100,000 1,101,199.01
0.51 Bond - Corporate JPM 3.96 01/29/27 BHQTTL3 1.00 1,100,000 1,095,287.51
0.51 Bond - Foreign MVMHU 6 1/2 03/13/31 BPCTN33 1.04 1,050,000 1,094,583.86
0.50 Bond - Foreign PEMEX 7.69 01/23/50 BMYVTL6 0.77 1,400,000 1,080,218.49
0.49 Bond - Foreign PEMEX 10 02/07/33 BQGHJ10 1.05 1,000,000 1,052,287.92
0.49 Bond - Foreign PTTGC 2.98 03/18/31 BNNHLV6 0.87 1,200,000 1,047,434.94
0.49 Bond - Foreign SHJGOV 6 1/2 11/23/32 BMTY4N7 1.05 1,000,000 1,046,817.41
0.49 Bond - Foreign QATAR 4.4 04/16/50 BL6KL96 0.87 1,200,000 1,045,776.92
0.48 Bond - Foreign PETMK 3 1/2 04/21/30 BMD2JR6 0.94 1,100,000 1,037,834.32
0.48 Bond - Foreign BIMBOA 6.05 01/15/29 BRBRPY7 1.04 1,000,000 1,035,117.45
0.48 Bond - Foreign COLOM 3 1/4 04/22/32 BN7N9J4 0.79 1,300,000 1,029,581.20
0.48 Bond - Foreign OMAN 6 08/01/29 BHNV376 1.02 1,000,000 1,020,251.00
0.47 Bond - Foreign ADGB 4 7/8 04/30/29 BRJQKF2 1.02 1,000,000 1,018,897.41
0.47 Bond - Foreign SOAF 4 7/8 04/14/26 BY9C1G7 1.01 1,000,000 1,009,642.86
0.47 Bond - Corporate BAC 4.948 07/22/28 BNDK8X6 1.01 1,000,000 1,007,141.40
0.47 Bond - Foreign PKNPW 6 01/30/35 BLD9DD4 1.01 1,000,000 1,006,814.92
0.47 Bond - Foreign TURKEY 4 1/4 04/14/26 BVYNZS4 1.00 1,000,000 1,002,475.05
0.47 Bond - Foreign REPHUN 5 1/4 06/16/29 BMY36F5 1.00 1,000,000 999,599.00
0.46 Bond - Foreign TURKEY 4 3/4 01/26/26 BMDJ3V9 1.00 1,000,000 998,349.17
0.46 Bond - Foreign NGERIA 8.747 01/21/31 BGT0PT6 1.00 1,000,000 996,196.46
0.46 Bond - Foreign SOAF 4.85 09/27/27 BD35XS1 1.00 1,000,000 996,162.44
0.46 Treasury Note T 4 1/4 11/15/34 BRK14Z4 0.99 1,000,000 992,989.47
0.46 Bond - Foreign COLOM 3 7/8 04/25/27 BYX7RT3 0.98 1,000,000 980,340.32
0.46 Bond - Foreign TRITOB 6.4 06/26/34 BPBPCV3 0.98 1,000,000 979,788.68
0.45 Bond - Foreign NGERIA 7 5/8 11/28/47 BF2RBB1 0.81 1,200,000 970,654.40
0.45 Bond - Corporate AMXLMM 4.7 07/21/32 BN101J5 0.97 1,000,000 967,449.89
0.45 Bond - Foreign PHILIP 5 1/2 01/17/48 BQBFM09 0.97 1,000,000 967,115.88
0.44 Bond - Foreign SOAF 4.3 10/12/28 BYYHFB0 0.95 1,000,000 953,527.14
0.44 Bond - Foreign ECOPET 5 7/8 05/28/45 BMQXLW5 0.73 1,300,000 948,425.22
0.44 Bond - Foreign KZOKZ 6 3/8 10/24/48 BFM6YV9 0.95 1,000,000 947,868.21
0.44 Bond - Foreign UKRAIN 1 3/4 02/01/36 BKVF0L4 0.59 1,600,000 939,792.42
0.44 Bond - Foreign TABRED 2 1/2 10/21/27 BMTM5K5 0.94 1,000,000 939,060.44
0.43 Bond - Foreign SOAF 7.3 04/20/52 BMB0723 0.93 1,000,000 930,701.31
0.43 Bond - Foreign URUGUA 5.1 06/18/50 BNB7S17 0.93 1,000,000 928,131.92
0.42 Bond - Foreign CHILE 4 01/31/52 BNSMDK9 0.76 1,200,000 909,364.42
0.42 Bond - Foreign GHANA 5 07/03/29 BQKQVZ1 0.91 1,000,000 907,735.41
0.42 Bond - Foreign EGYPT 7 5/8 05/29/32 BMHWV98 0.91 1,000,000 906,038.73
0.42 Bond - Foreign EGYPT 7 1/2 01/31/27 BD31HH6 0.99 900,000 893,417.82
0.40 Bond - Foreign PEMEX 5.95 01/28/31 BLNBRW7 0.86 1,000,000 858,084.52
0.40 Bond - Foreign REPHUN 6 3/4 09/25/52 BPXYFD1 1.07 800,000 857,640.18
0.40 Bond - Foreign COLOM 5.2 05/15/49 BGC21T1 0.71 1,200,000 849,349.09
0.39 Bond - Foreign ROMANI 3 5/8 03/27/32 BNGFH97 0.85 1,000,000 847,099.96
0.39 Bond - Foreign UKRAIN 1 3/4 02/01/35 BKVF0R0 0.59 1,400,000 832,818.48
0.37 Bond - Foreign INDON 4.55 01/11/28 BNNSSB8 1.00 800,000 798,933.17
0.37 Bond - Foreign TURKEY 5 3/4 05/11/47 BD3N0C8 0.78 1,000,000 784,527.95
0.36 Bond - Foreign TENGIZ 4 08/15/26 BDCPB11 0.98 800,000 780,743.99
0.36 Bond - Foreign PERU 2.783 01/23/31 BMGFFR4 0.86 900,000 777,021.55
0.36 Bond - Foreign ROMANI 3 02/27/27 BNGFD66 0.97 800,000 776,285.37
0.36 Bond - Foreign PANAMA 3.87 07/23/60 BJVN8G2 0.55 1,400,000 775,721.05
0.36 Bond - Foreign QATAR 3 3/4 04/16/30 BL6BZF3 0.97 800,000 775,380.14
0.36 Bond - Foreign NGERIA 7.143 02/23/30 BF2XXP7 0.97 800,000 773,947.32
0.36 Bond - Foreign CHILE 3.24 02/06/28 BFYTTF5 0.95 800,000 763,026.82
0.36 Bond - Foreign ARAMCO 3 1/2 04/16/29 BK0MP44 0.95 800,000 762,639.51
0.35 Bond - Foreign BNCE 2.72 08/11/31 BMYXTZ6 0.94 800,000 752,508.96
0.35 Bond - Foreign ADNOCM 5 1/8 09/11/54 BP4YHC3 0.93 800,000 742,177.43
0.34 Bond - Foreign JBYCMX 2 1/2 10/14/31 BNG6XN6 0.80 900,000 723,495.34
0.33 Bond - Foreign AZERBJ 3 1/2 09/01/32 BF243X8 0.88 800,000 707,635.69
0.33 Bond - Foreign OMAN 4 3/4 06/15/26 BZB1G08 1.00 700,000 701,181.35
0.32 Bond - Foreign ECUA 5 07/31/40 BMGR2K2 0.49 1,400,000 691,424.03
0.32 Bond - Foreign REPHUN 5 1/2 06/16/34 BMZ0K20 0.98 700,000 687,625.00
0.31 Bond - Foreign ORBIA 2 7/8 05/11/31 BMBVMW1 0.84 800,000 673,564.47
0.31 Bond - Foreign COLOM 3 1/8 04/15/31 BM8HHM7 0.82 800,000 655,236.01
0.30 Bond - Foreign ROMANI 4 02/14/51 BMVZ933 0.64 1,000,000 637,711.71
0.30 Bond - Foreign MOROC 6 1/2 09/08/33 BQXR5C6 1.06 600,000 637,286.29
0.30 Bond - Foreign UKRAIN 1 3/4 02/01/34 BKVF0G9 0.60 1,050,000 634,063.67
0.29 Bond - Foreign SOAF 5 7/8 09/16/25 BDS54C7 1.03 600,000 616,561.61
0.28 Bond - Foreign PLUSCM 6.24 07/03/36 BNZJ0C4 1.02 600,000 610,980.99
0.28 Bond - Foreign PETMK 3 1/2 03/18/25 BWCH433 1.01 600,000 608,255.17
0.28 Bond - Foreign ROMANI 5 1/4 11/25/27 BMBN001 1.00 600,000 600,010.09
0.28 Bond - Foreign INDON 5.65 01/11/53 BNNMQT4 1.00 600,000 599,305.99
0.28 Bond - Foreign BGOSK 5 3/8 05/22/33 BNC3K29 1.00 600,000 598,332.40
0.28 Bond - Foreign PLNIJ 4 1/8 05/15/27 BF3W9X3 0.99 600,000 596,057.96
0.28 Bond - Foreign KSA 4 1/2 04/17/30 BFNRZX0 0.99 600,000 593,669.58
0.27 Bond - Foreign PARGUY 4.95 04/28/31 BL6FQ07 0.98 600,000 588,301.65
0.26 Bond - Foreign INTLWT 5.95 12/15/39 BF19226 0.99 565,374 559,064.69
0.26 Bond - Foreign ROMANI 5 3/4 03/24/35 BP4YZS5 0.93 600,000 558,054.95
0.25 Bond - Foreign ADNOUH 4.6 11/02/47 BD6JB75 0.89 600,000 534,117.03
0.24 Bond - Foreign KENINT 8 1/4 02/28/48 BF2J2B4 0.87 600,000 524,324.60
0.24 Bond - Foreign CKHH 4 3/4 04/21/28 BRJQHZ1 1.02 500,000 508,430.32
0.24 Bond - Foreign DOMREP 5.95 01/25/27 BYX80W0 1.01 500,000 504,054.56
0.23 Bond - Foreign MEX 2.659 05/24/31 BN8ZSV4 0.84 600,000 501,512.28
0.23 Bond - Foreign ROMANI 3 02/14/31 BMVVYM5 0.83 600,000 498,249.98
0.23 Bond - Foreign EIGPRL 4.387 11/30/46 BMX5H71 0.81 600,000 485,266.99
0.23 Bond - Foreign KSA 2 1/4 02/02/33 BMFDCG7 0.80 600,000 482,695.58
0.22 Bond - Foreign PHILIP 3.7 02/02/42 BYWYT99 0.78 600,000 468,294.92
0.22 Bond - Foreign PANAMA 6.4 02/14/35 BP0XN37 0.93 500,000 467,116.99
0.21 Bond - Foreign BHRAIN 5 1/4 01/25/33 BN4N9S6 0.92 500,000 458,399.85
0.20 Bond - Foreign COSTAR 6.55 04/03/34 BNW12W7 1.05 400,000 421,204.95
0.19 Bond - Foreign SRILAN 3.6 02/15/38 BPLNMD9 0.82 500,000 412,386.40
0.19 Bond - Foreign DPWDU 5 1/2 09/13/33 BP5JT43 1.02 400,000 407,794.30
0.19 Bond - Foreign PANAMA 3 3/4 03/16/25 BWC9V16 1.01 400,000 405,647.09
0.19 Bond - Foreign QATAR 3.4 04/16/25 BL6BZC0 1.01 400,000 403,331.69
0.19 Bond - Foreign LEBAN 6.65 02/26/30 BW0FQK0 0.18 2,200,000 400,862.00
0.18 Bond - Foreign JORDAN 5 3/4 01/31/27 BYWVG66 0.98 400,000 393,235.98
0.18 Bond - Foreign URUGUA 4 3/8 01/23/31 BHXJX58 0.98 400,000 392,060.08
0.18 Bond - Foreign PRXNA 4.987 01/19/52 BPCQJS1 0.78 500,000 389,757.18
0.16 Bond - Foreign EIGPRL 3.545 08/31/36 BMX5H82 0.88 400,000 353,537.46
0.16 Bond - Corporate SASOL 5 1/2 03/18/31 BNNLH09 0.87 400,000 347,163.08
0.16 Bond - Foreign HYUELE 2 3/8 01/19/31 BMV7YQ7 0.86 400,000 343,018.17
0.16 Bond - Foreign ELSALV 7.1246 01/20/50 BJBLT29 0.85 400,000 341,861.75
0.16 Bond - Foreign DPWDU 4.7 09/30/49 BJLBK60 0.85 400,000 338,835.12
0.16 Bond - Foreign EGYPT 8 7/8 05/29/50 BMQC081 0.84 400,000 335,253.26
0.15 Bond - Foreign SRILAN 3.35 03/15/33 BPLNMN9 0.82 406,380 331,765.24
0.15 Bond - Foreign PARGUY 5 04/15/26 BD2MDP0 1.02 314,000 318,849.75
0.15 Bond - Foreign EGYPT 7.903 02/21/48 BYWJDR0 0.79 400,000 317,414.60
0.14 Bond - Foreign UKRAIN 0 02/01/35 BKVF0P8 0.69 439,274 303,099.06
0.13 Bond - Foreign SRILAN 3.6 06/15/35 BPLNMB7 0.70 400,000 281,597.24
0.13 Bond - Foreign UKRAIN 0 02/01/36 BKVF0Q9 0.69 400,000 275,000.00
0.13 Bond - Foreign UKRAIN 0 02/01/34 BKVF0N6 0.45 600,000 272,100.00
0.12 Bond - Foreign PANAMA 4 1/2 04/01/56 BK8TZM5 0.63 400,000 252,532.72
0.12 Bond - Foreign SRILAN 4 04/15/28 BPLNMC8 0.95 261,739 247,886.25
0.12 Bond - Foreign SRILAN 3.6 05/15/36 BT25BP7 0.82 300,000 247,009.96
0.10 Bond - Foreign PHILIP 5.95 10/13/47 BPTH590 1.05 200,000 209,585.30
0.10 Bond - Foreign PERTIJ 6.45 05/30/44 BMW3NT0 1.04 200,000 208,277.35
0.09 Bond - Foreign DPWDU 4.848 09/26/28 BFCMGH7 1.01 200,000 201,215.94
0.09 Bond - Foreign FRIDPT 6.2 04/14/52 BNYNMZ4 1.00 200,000 200,881.80
0.09 Bond - Foreign PERU 2.392 01/23/26 BMGFFS5 0.98 200,000 195,358.35
0.09 Bond - Foreign DOMREP 6.4 06/05/49 BGLJW45 0.96 200,000 191,702.53
0.09 Bond - Foreign QATAR 4.817 03/14/49 BH3JG26 0.93 200,000 186,423.56
0.09 Bond - Foreign SRILAN 3.1 01/15/30 BT22PN4 0.89 207,180 183,716.30
0.08 Bond - Foreign PKSTAN 7 3/8 04/08/31 BNDLS51 0.91 200,000 181,429.95
0.08 Bond - Foreign QATAR 4 5/8 06/02/46 BZ6CSL1 0.91 200,000 181,007.55
0.08 Bond - Foreign BRAZIL 3 3/4 09/12/31 BMD7M49 0.89 200,000 178,128.77
0.07 Bond - Foreign TGPERU 4 1/4 04/30/28 B7ZRB45 1.00 160,000 159,560.84
0.07 Bond - Foreign CHILE 3.86 06/21/47 BDT5NK7 0.76 200,000 151,973.41
0.07 Bond - Foreign SHJGOV 4 3/8 03/10/51 BMV3380 0.71 200,000 141,456.55
0.07 Bond - Foreign MEX 4.4 02/12/52 BNSP0K7 0.69 200,000 138,894.17
0.06 Bond - Foreign MOROC 4 12/15/50 BMHFZL7 0.68 200,000 136,562.55
0.06 Bond - Foreign ECUA 6.9 07/31/30 BMGR2C4 0.67 200,000 133,291.09
0.06 Bond - Foreign UKRAIN 0 02/01/30 BKVF0M5 0.59 200,000 117,600.00
0.05 Bond - Foreign GHANA 0 01/03/30 BQKQVX9 0.79 121,203 96,168.61
0.03 Bond - Foreign GHANA 0 07/03/26 BQKQVW8 0.94 57,600 53,945.28
0.00 Cash OTHER PAYABLE & RECEIVABLES 1.00 -3,356 -3,355.60
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 02/14/25

Macaulay Duration 6.6 Years
Modified Duration 6.37
Yield to Maturity 6.11%
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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ETF Documents

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.

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.