EMBD’s portfolio managers have extensive track records in actively-managed emerging market debt strategies.
At a 0.39% Total Expense Ratio, EMBD offers the outperformance potential and risk management of active portfolio managers, at a competitive cost.
Adding EMBD to a portfolio could add diversification in the form of geography, yield, credit, and duration.
Key Information |
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.
Trading Details |
Distributions |
Taxes |
NAV | Daily Change | |||
Market Price | Daily Change |
Fund NAV | Market Price | Index | |
---|---|---|---|
Options Details |
Net Assets (%) | Ticker | Name | SEDOL | Shares Held | Market Value |
---|---|---|---|---|---|
Exposure |
CREDIT RATING | Weight (%) | |
---|---|---|
AA+ to AA- | 4.2 | |
A+ to A- | 11.6 | |
BBB+ to BBB- | 30.9 | |
BB+ to BB- | 30.5 | |
B+ to B- | 6.8 | |
CCC+ to CCC- | 7.5 | |
NR | 8.6 |
ETF Characteristics |
ETF Risk Stats |
Macaulay Duration | 6.5 Years | |
Modified Duration | 6.28 | |
Yield to Maturity | 6.35% | |
Issuer Type Breakdown | ||
Government | 0.00% | |
Corporate | 29.52% | |
Other | 2.30% |
Source: AltaVista Research, LLC
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.
Net Assets (%) | Security Type | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
---|---|---|---|---|---|---|
2.37 | Cash | CASH | 1.00 | 5,126,861 | 5,126,861.20 | |
1.42 | Treasury Note | T 5 10/31/25 | BMWPY04 | 1.03 | 3,000,000 | 3,084,037.54 |
1.42 | Bond - Foreign | ESKOM 6.35 08/10/28 | BF2F610 | 0.99 | 3,100,000 | 3,071,459.56 |
1.27 | Bond - Foreign | ARGENT 4 1/8 07/09/35 | BNC1788 | 0.67 | 4,100,000 | 2,761,644.31 |
1.26 | Bond - Foreign | PERU 8 3/4 11/21/33 | 2172833 | 1.24 | 2,200,000 | 2,723,194.03 |
1.22 | Bond - Foreign | POLAND 5 1/2 04/04/53 | BN7B125 | 0.93 | 2,850,000 | 2,644,774.41 |
1.21 | Bond - Foreign | ADGB 5 1/2 04/30/54 | BRJQKD0 | 1.01 | 2,600,000 | 2,624,205.15 |
1.14 | Bond - Foreign | REPHUN 6 1/4 09/22/32 | BPXYFH5 | 1.03 | 2,400,000 | 2,473,858.70 |
1.14 | Bond - Foreign | KSA 5 3/4 01/16/54 | BPQWK15 | 0.95 | 2,600,000 | 2,471,441.89 |
1.13 | Bond - Foreign | ENAPCL 5 1/4 11/06/29 | BD3S2R2 | 1.02 | 2,400,000 | 2,447,735.11 |
Holdings are subject to change. "Cash" denotes U.S. dollars.
NAV | $22.58 | Daily Change | $0.14 | 0.62% |
Market Price | $22.61 | Daily Change | $0.08 | 0.36% |
As of recent month & quarter-end (Mar 31 2025) | Fund NAV | Market Price | Benchmark |
---|---|---|---|
1 Year | 7.28% | 7.16% | 6.48% |
3 Years | 3.97% | 3.72% | 2.88% |
Since Inception | 3.30% | 3.32% | 1.51% |
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.