EMFM — Global X Next Emerging & Frontier ETF
Data updated: 2024-07-01
EMFM — Global X Next Emerging & Frontier ETF. Ultra-Short Treasury / Sovereign Bond · $16.75M AUM. Holdings, fees, performance and SEC filings.
EMFM Fund Overview
EMFM — Global X Next Emerging & Frontier ETF is a US ETF managed by Global X Funds, categorised as Ultra-Short Treasury / Sovereign Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Global X Funds
- Category: Ultra-Short Treasury / Sovereign Bond
- Assets under management: $16.75M
- 1-year return: 0.9%
- Ticker: EMFM
- SEC CIK: 0001432353
- SEC series ID: S000031099
- Share class ID: C000096450
EMFM Investment Objective and Strategy
Global X Next Emerging & Frontier ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Global X Funds.
Investment objective
The Global X Next Emerging & Frontier ETF (Fund) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Next Emerging & Frontier Index (Underlying Index).
Principal investment strategy
"The Fund invests at least 80% of its total assets in the securities of the Underlying Index and in American Depositary Receipts (""ADRs"") and Global Depositary Receipts (""GDRs"") based on the securities in the Underlying Index. The Fund also invests at least 80% of its total assets in securities of companies that are economically tied to ""Next Emerging and Frontier"" markets, which are defined by Solactive AG generally as investable markets that have lower market capitalization and less liquidity than more developed markets. The Funds 80% investment policies are non-fundamental and require 60 days prior written notice to shareholders before they can be changed. The Underlying Index is designed to reflect equity performance of Next Emerging markets and Frontier markets companies, as defined by Solactive AG, the provider of the Underlying Index (""Index Provider"").
As of December 29, 2017 , Next Emerging markets are defined as emerging market countries excluding the BRICs (Brazil, Russia, India and China) and excluding the most developed tier of emerging markets (South Korea and Taiwan). Frontier markets are those emerging market countries that generally have smaller economies or less developed capital markets. The Underlying Index is comprised of common stocks, ADRs and GDRs of selected companies globally that are economically tied to these markets. The Underlying Index screens the largest stocks according to free-float market capitalization, which may include small- or mid-cap companies, and weights them by modified liquidity. As of December 29, 2017 , the Underlying Index had 203 constituents from the following countries: Argentina, Bangladesh, Chile, Colombia, Czech Republic, Egypt, Gabon, Georgia, Hungary, Indonesia, Kazakhstan, Kenya, Kuwait, Laos, Malaysia, Mauritius, Mexico, Mongolia, Namibia, Nigeria, Oman, Pakistan, Panama, Papua New Guinea, Peru, Philippines, Poland, Qatar, Slovakia, South Africa, Tanzania, Thailand, Turkey, United Arab Emirates and Vietnam.
The Funds investment objective and Underlying Index may be changed without shareholder approval. The Underlying Index is sponsored by the Index Provider, which is an organization that is independent of the Fund and Global X Management Company LLC, the investment adviser for the Fund (Adviser). The Index Provider determines the relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index. The Adviser uses a passive or indexing approach to try to achieve the Funds investment objective. Unlike many investment companies, the Fund does not try to outperform the Underlying Index and does not seek temporary defensive positions when markets decline or appear overvalued. The Fund generally will use a replication strategy.
A replication strategy is an indexing strategy that involves investing in the securities of the Underlying Index in approximately the same proportions as in the Underlying Index. However, the Fund may utilize a representative sampling strategy with respect to the Underlying Index when a replication strategy might be detrimental or disadvantageous to shareholders, such as when there are practical difficulties or substantial costs involved in compiling a portfolio of equity securities to replicate the Underlying Index, in instances in which a security in the Underlying Index becomes temporarily illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations (such as tax diversification requirements) that apply to the Fund but not the Underlying Index. The Adviser expects that, over time, the correlation between the Funds performance and that of the Underlying Index, before fees and expenses, will exceed 95%.
A correlation percentage of 100% would indicate perfect correlation. If the Fund were to use a replication strategy, it would be expected to have greater correlation to the Underlying Index than if it uses a representative sampling strategy. The Fund concentrates its investments (i.e., holds 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. As of December 29, 2017 , the Underlying Index was not concentrated in any sector."
EMFM Holdings
Top 2 holdings of Global X Next Emerging & Frontier ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| United States of America | 95.33% |
| Bangladesh Export Import Company Ltd. | 0.37% |
EMFM Portfolio Allocation
Asset-class allocation of Global X Next Emerging & Frontier ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 95.3% |
| Equity | 0.4% |
EMFM Performance
Total returns for EMFM (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 0.9% |
| 3 years (annualised) | 0.4% |
EMFM Risk Information
Risk metrics for EMFM, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.3%
EMFM Costs and Fees
EMFM costs about $56 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.56%
- Gross expense ratio: 0.56%
- Portfolio turnover: 17%
- Brokerage commissions: 7.22 bps of average net assets (SEC N-CEN)
EMFM Cashflows
Over the 12 months to 2024-04, Global X Next Emerging & Frontier ETF had net outflows of $6.25M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-04 | $0 |
| 2024-03 | $4 |
| 2024-02 | $0 |
| 2024-01 | $0 |
| 2023-12 | $0 |
| 2023-11 | −$6.25M |
EMFM Debt Constituents
Largest debt holdings of Global X Next Emerging & Frontier ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States of America | 95.33% |
EMFM Prospectus and SEC Filings
Official Global X Next Emerging & Frontier ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus supplement (497) — filed 2024-02-29
- Prospectus supplement (497) — filed 2023-03-02
- Prospectus supplement (497) — filed 2022-03-01
- Portfolio holdings (N-PORT) — filed 2024-07-01
- Portfolio holdings (N-PORT) — filed 2023-12-29
- Annual census (N-CEN) — filed 2024-01-12
- Annual census (N-CEN) — filed 2023-01-17
- Annual census (N-CEN) — filed 2022-01-14
Related Funds
Other Ultra-Short Treasury / Sovereign Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.