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Global X Emerging Markets Bond ETF
Active ETF
EMBD
Payout Change
Pending
Price as of:
$22.16
+0.03
+0.14%
primary theme
Emerging Markets Bond
EMBD (ETF)
Global X Emerging Markets Bond ETF
Payout Change
Pending
Price as of:
$22.16
+0.03
+0.14%
primary theme
Emerging Markets Bond
EMBD (ETF)
Global X Emerging Markets Bond ETF
Payout Change
Pending
Price as of:
$22.16
+0.03
+0.14%
primary theme
Emerging Markets Bond
Name
As of 04/19/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
0.1%
1 yr return
8.5%
3 Yr Avg Return
-1.3%
5 Yr Avg Return
N/A
Net Assets
$136 M
Holdings in Top 10
15.8%
52 WEEK LOW AND HIGH
$22.1
$20.29
$22.72
Expenses
OPERATING FEES
Expense Ratio 0.39%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 70.51%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 04/19/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
EMBD - Profile
Distributions
- YTD Total Return 0.1%
- 3 Yr Annualized Total Return -1.3%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.37%
- Dividend Yield 5.1%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameGlobal X Emerging Markets Bond ETF
-
Fund Family NameGlobal X Funds
-
Inception DateJun 01, 2020
-
Shares Outstanding4800719
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJoon Heo
Fund Description
The Fund is an actively managed exchange traded fund (“ETF”) sub-advised by Mirae Asset Global Investments (USA) LLC (the “Sub-Adviser”) that seeks to achieve its investment objective by investing in fixed-rate and floating-rate debt instruments issued by sovereign, quasi-sovereign, and corporate entities from emerging market countries (“emerging market debt”). Under normal circumstances, the Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in emerging market debt, either directly or indirectly. The Fund’s 80% investment policy is non-fundamental and requires 60 days prior written notice to shareholders before it can be changed.
The Fund seeks to provide exposure to debt securities across a broad range of emerging market countries. Eligible countries include any country which is classified as an emerging market country for purposes of constructing a major emerging market sovereign bond index or emerging market corporate bond index. The Fund’s concentration in any given country is capped at 20%.
To achieve the Fund’s objective, the Fund’s portfolio managers will generally incorporate macro views consistent with the views of the Sub-Adviser’s Investment Committee, as well as fundamental research, to evaluate the investment attractiveness to select countries and companies that are believed to offer superior risk-adjusted returns. The portfolio managers may also consider whether anticipated credit improvements or deterioration in the credit fundamentals of an issuer are fully priced in the
market, and may generally adjust their investment considerations based on any factors deemed relevant to the Sub-Adviser’s Investment Committee. The Fund may also invest in securities classified either as investment grade or high yield (also known as “junk bonds”). Securities rated investment grade are generally considered to be of higher credit quality and associated with lower risk of default. The Fund may also invest in ETFs that provide exposure to emerging market bonds.
The Fund primarily invests in emerging market debt securities denominated in U.S. dollars; however, the Fund may also invest in emerging market debt securities denominated in applicable local foreign currencies. The Sub-Adviser determines country allocation primarily based on economic indicators, industry structure, terms of trade, political environment and geopolitical issues. In addition, the Sub-Adviser conducts relative valuation analysis on sovereign and corporate issues to tactically identify potential opportunities to enhance the Fund’s risk-adjusted returns.
If the Sub-Adviser deems it advantageous to the Fund’s liquidity profile, the Fund may invest up to 20% of its assets in cash, cash equivalents, U.S. Treasuries, or other developed market fixed income instruments. Securities held by the Fund may be sold at any time. Among other reasons, sales may occur when the Sub-Adviser believes the security is overvalued, perceives deterioration in the credit fundamentals of the issuer, or when the Sub-Adviser believes macroeconomic developments may adversely affect the securities in which the Fund invests.
EMBD - Performance
Return Ranking - Trailing
| Period | EMBD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.1% | -6.2% | 7.9% | 42.72% |
| 1 Yr | 8.5% | -7.9% | 20.2% | 35.76% |
| 3 Yr | -1.3%* | -14.5% | 4.1% | 27.84% |
| 5 Yr | N/A* | -9.1% | 6.2% | 5.23% |
| 10 Yr | N/A* | -6.0% | 4.9% | 7.69% |
* Annualized
Return Ranking - Calendar
| Period | EMBD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.7% | -10.6% | 17.8% | 58.94% |
| 2022 | -17.5% | -29.1% | -2.4% | 41.44% |
| 2021 | -6.5% | -24.0% | 2.7% | 40.35% |
| 2020 | N/A | -14.0% | 9.7% | N/A |
| 2019 | N/A | -6.4% | 13.0% | N/A |
Total Return Ranking - Trailing
| Period | EMBD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.1% | -6.2% | 7.9% | 42.72% |
| 1 Yr | 8.5% | -7.9% | 20.2% | 35.76% |
| 3 Yr | -1.3%* | -14.5% | 4.1% | 27.84% |
| 5 Yr | N/A* | -9.1% | 6.2% | N/A |
| 10 Yr | N/A* | -6.0% | 4.9% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | EMBD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.6% | -0.6% | 20.0% | 68.87% |
| 2022 | -13.8% | -27.6% | -1.7% | 54.11% |
| 2021 | -1.8% | -18.5% | 7.4% | 27.72% |
| 2020 | N/A | -7.8% | 18.0% | N/A |
| 2019 | N/A | -3.0% | 23.0% | N/A |
EMBD - Holdings
Concentration Analysis
| EMBD | Category Low | Category High | EMBD % Rank | |
|---|---|---|---|---|
| Net Assets | 136 M | 565 K | 14.4 B | 56.44% |
| Number of Holdings | 197 | 4 | 1888 | 58.09% |
| Net Assets in Top 10 | 19.9 M | -134 M | 1.25 B | 63.37% |
| Weighting of Top 10 | 15.77% | 5.1% | 101.4% | 67.33% |
Top 10 Holdings
- US TREASURY N/B 3.000000% 07/31/2024 2.96%
- US TREASURY N/B 2.500000% 04/30/2024 1.96%
- US TREASURY N/B 0.375000% 11/30/2025 1.89%
- REPUBLIC OF PERU 8.750000% 11/21/2033 1.64%
- ESKOM HOLDINGS SOC LTD MTN 6.350000% 08/10/2028 1.34%
- REPUBLIC OF SOUTH AFRICA 4.850000% 09/30/2029 1.28%
- BANK GOSPODARSTWA KRAJOWEGO MTN 5.375000% 05/22/2033 1.24%
- FED REPUBLIC OF BRAZIL 6.000000% 10/20/2033 1.23%
- HUNGARY 6.250000% 09/22/2032 1.21%
- OMAN GOV INTERNTL BOND 5.625000% 01/17/2028 1.03%
Asset Allocation
| Weighting | Return Low | Return High | EMBD % Rank | |
|---|---|---|---|---|
| Bonds | 97.36% | 0.91% | 99.54% | 22.11% |
| Cash | 1.65% | 0.00% | 21.93% | 83.17% |
| Stocks | 0.99% | -0.01% | 93.55% | 8.25% |
| Preferred Stocks | 0.00% | 0.00% | 1.28% | 44.22% |
| Other | 0.00% | -9.56% | 88.17% | 71.62% |
| Convertible Bonds | 0.00% | 0.00% | 8.47% | 77.67% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | EMBD % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 11.41% | N/A |
| Technology | 0.00% | 0.00% | 30.64% | N/A |
| Real Estate | 0.00% | 0.00% | 2.39% | N/A |
| Industrials | 0.00% | 0.00% | 100.00% | N/A |
| Healthcare | 0.00% | 0.00% | 12.25% | N/A |
| Financial Services | 0.00% | 0.00% | 100.00% | N/A |
| Energy | 0.00% | 0.00% | 100.00% | N/A |
| Communication Services | 0.00% | 0.00% | 8.92% | N/A |
| Consumer Defense | 0.00% | 0.00% | 24.66% | N/A |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | N/A |
| Basic Materials | 0.00% | 0.00% | 100.00% | N/A |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | EMBD % Rank | |
|---|---|---|---|---|
| US | 0.99% | 0.00% | 93.50% | 7.26% |
| Non US | 0.00% | -0.01% | 1.26% | 51.16% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | EMBD % Rank | |
|---|---|---|---|---|
| Government | 71.37% | 0.00% | 99.79% | 39.00% |
| Corporate | 25.33% | 0.00% | 93.26% | 32.00% |
| Derivative | 0.00% | -1.03% | 7.35% | 62.05% |
| Cash & Equivalents | 0.00% | 0.00% | 23.23% | 82.18% |
| Securitized | 0.00% | 0.00% | 2.41% | 49.67% |
| Municipal | 0.00% | 0.00% | 0.00% | 42.00% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | EMBD % Rank | |
|---|---|---|---|---|
| US | 97.36% | -42.31% | 99.01% | 9.24% |
| Non US | 0.00% | 0.00% | 132.49% | 91.75% |
EMBD - Expenses
Operational Fees
| EMBD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.39% | 0.02% | 35.56% | 97.35% |
| Management Fee | 0.39% | 0.00% | 1.10% | 3.96% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.02% | 0.65% | N/A |
Sales Fees
| EMBD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.75% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| EMBD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.75% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| EMBD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 70.51% | 0.00% | 218.00% | 66.54% |
EMBD - Distributions
Dividend Yield Analysis
| EMBD | Category Low | Category High | EMBD % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.10% | 0.00% | 22.27% | 49.50% |
Dividend Distribution Analysis
| EMBD | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | SemiAnnual | Monthly | Monthly |
Net Income Ratio Analysis
| EMBD | Category Low | Category High | EMBD % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.37% | -2.28% | 8.00% | 82.77% |
Capital Gain Distribution Analysis
| EMBD | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Apr 11, 2024 | $0.096 | OrdinaryDividend |
| Mar 13, 2024 | $0.094 | OrdinaryDividend |
| Feb 13, 2024 | $0.094 | OrdinaryDividend |
| Jan 08, 2024 | $0.202 | OrdinaryDividend |
| Dec 13, 2023 | $0.094 | OrdinaryDividend |
| Nov 13, 2023 | $0.092 | OrdinaryDividend |
| Oct 13, 2023 | $0.092 | OrdinaryDividend |
| Sep 14, 2023 | $0.092 | OrdinaryDividend |
| Aug 11, 2023 | $0.092 | OrdinaryDividend |
| Jul 14, 2023 | $0.090 | OrdinaryDividend |
| Jun 13, 2023 | $0.090 | OrdinaryDividend |
| May 11, 2023 | $0.086 | OrdinaryDividend |
| Apr 14, 2023 | $0.086 | OrdinaryDividend |
| Mar 13, 2023 | $0.085 | OrdinaryDividend |
| Feb 13, 2023 | $0.085 | OrdinaryDividend |
| Jan 09, 2023 | $0.054 | OrdinaryDividend |
| Dec 13, 2022 | $0.085 | OrdinaryDividend |
| Nov 10, 2022 | $0.085 | OrdinaryDividend |
| Oct 13, 2022 | $0.085 | OrdinaryDividend |
| Sep 14, 2022 | $0.085 | OrdinaryDividend |
| Aug 11, 2022 | $0.085 | OrdinaryDividend |
| Jul 14, 2022 | $0.085 | OrdinaryDividend |
| Jun 13, 2022 | $0.080 | OrdinaryDividend |
| May 12, 2022 | $0.080 | OrdinaryDividend |
| Apr 13, 2022 | $0.077 | OrdinaryDividend |
| Mar 11, 2022 | $0.080 | OrdinaryDividend |
| Feb 11, 2022 | $0.088 | OrdinaryDividend |
| Dec 13, 2021 | $0.088 | OrdinaryDividend |
| Nov 12, 2021 | $0.088 | OrdinaryDividend |
| Oct 13, 2021 | $0.088 | OrdinaryDividend |
| Sep 14, 2021 | $0.088 | OrdinaryDividend |
| Aug 12, 2021 | $0.088 | OrdinaryDividend |
| Jul 14, 2021 | $0.088 | OrdinaryDividend |
| Jun 11, 2021 | $0.088 | OrdinaryDividend |
| May 13, 2021 | $0.092 | OrdinaryDividend |
| Apr 13, 2021 | $0.092 | OrdinaryDividend |
| Mar 11, 2021 | $0.092 | OrdinaryDividend |
| Feb 11, 2021 | $0.092 | OrdinaryDividend |
| Dec 11, 2020 | $0.092 | OrdinaryDividend |
| Nov 12, 2020 | $0.092 | OrdinaryDividend |
| Oct 13, 2020 | $0.092 | OrdinaryDividend |
| Sep 14, 2020 | $0.092 | OrdinaryDividend |
| Aug 13, 2020 | $0.092 | OrdinaryDividend |
| Jul 14, 2020 | $0.091 | OrdinaryDividend |
EMBD - Fund Manager Analysis
Managers
Joon Heo
Start Date
Tenure
Tenure Rank
Jun 01, 2020
2.0
2.0%
Joon Hyuk Heo currently serves as head of the Global Fixed Income Investment Team at Mirae Asset Global Investments (USA) LLC. He is responsible for the investment management of the Mirae Asset Global Investment Group’s (the “Group”) global fixed income strategies and supervises the investment and research analysis activities of the global fixed income investment team in the USA. Joon Hyuk first joined the Mirae in 1999 as a macro analyst and portfolio manager for Mirae Asset Global Investments Co., Ltd., managing fixed income strategies investing in Korea. From 2006 to 2008, he started to cover global fixed income strategies, and was later promoted to lead portfolio manager of the Group’s global fixed income funds in 2008, including the flagship Global Dynamic fixed income strategy. Mr. Heo managed global bond funds at Mirae Asset Global Investments Co., Ltd. from 2008 to 2011. Joon Hyuk holds a B.A. in Economics from Seoul National University and is a CFA charterholder.
Ethan Yoon
Start Date
Tenure
Tenure Rank
Jun 01, 2020
2.0
2.0%
As a portfolio manager of emerging markets corporate debt at Mirae Asset Global Investments (USA) LLC, Ethan Yoon is responsible for the investment management of the Group’s emerging markets corporate strategies and supervises the investment and research analysis activities of emerging market corporate debt in the USA. Ethan first joined the Group in 2010 as a credit analyst for Mirae Asset Global Investments Co., Ltd., covering the global financial sector. He became a portfolio manager and senior credit analyst for emerging markets corporate debt in 2014. Previously, Ethan worked as an equity research analyst at Lusight Research in Toronto responsible for analyzing global emerging markets financial sector for four years. Prior to that, he worked at CIBC and its affiliates at various investment-related roles. Ethan holds a B.S. in Human Biology and Economics from the University of Toronto, and he is a CFA charterholder and a CMA (Certified Management Accountant).
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 23.87 | 6.38 | 6.11 |
