EMBD
Global X Emerging Markets Bond ETF
EMBD is an actively managed ETF holding an equally-weighted portfolio of USD-denominated debt from corporate and sovereign issuers in emerging markets.
Emerging Market
FIXED INCOME
Active
MANAGEMENT STYLE
228.6 M
ASSETS UNDER MGMT
39 bp
EXPENSES
Fund Basics
| Fund sponsor | Global X |
| Category | Emerging Market |
| Asset class | Fixed Income |
| Website | link... |
| Inception date | Jun 02, 2020 |
| Assets (mns) | $229 |
| Expense ratio | 39 bp |
Constituent Breakdown
| No. of constituents | 198 |
| No. of distinct issuers | 90 |
| Coverage | 97% |
| Fixed/floating rate | 90% / 10% |
| Investment grade | 63% |
| Inflation protected | 0% |
| Non-standard maturity (callable, etc.) | 59% |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Bond selection | Proprietary |
| Weighting | Equal |
| Smart-beta | No |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| CASH | 3.3 % |
| ESKOM HOLDINGS SOC LIMITED 6.35% | 1.4 % |
| U.S. TREASURY NOTES 5% | 1.4 % |
| ARGENTINA (REPUBLIC OF) 4.125% | 1.2 % |
| POLAND (REPUBLIC OF) 5.5% | 1.2 % |
| PERU (REPUBLIC OF) 8.75% | 1.2 % |
| ABU DHABI (EMIRATE OF) 5.5% | 1.2 % |
| HUNGARY (REPUBLIC OF) 6.25% | 1.1 % |
| SAUDI ARABIA (KINGDOM OF) 5.75% | 1.1 % |
| BRAZIL (FEDERATIVE REPUBLIC) 6% | 1.1 % |
Issuer Type Breakdown
Top Issuers
| GOVT OF PERU | 3.9 % |
| GOVT OF QATAR | 3.8 % |
| GOVT OF THE DOMINICAN REPUBLIC | 3.7 % |
| GOVT OF OMAN | 3.2 % |
| GOVT OF SOUTH AFRICA | 3.1 % |
Historical Performance
Standardized Performance (as of 07/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 3.2% | 2.1% | 2.6% | 1.7% | -2.7% | -- | -- | -1.9% |
| Dividend Yield | 2.0% | 3.3% | 4.6% | 4.7% | 4.7% | -- | -- | 4.6% |
| Total Returns | 5.2% | 5.5% | 7.3% | 6.4% | 2.0% | -- | -- | 2.7% | Ann. Volatility | 6.7% | 7.0% | 7.6% | 9.9% | 9.2% | -- | -- | 9.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.50 | 59% |
| MSCI EAFE | 0.54 | 76% |
| MSCI Emg Mkts | 0.51 | 72% |
Liquidity Measures
| Avg. volume (000) | 46 |
| ADV traded (mns) | $1 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.58% |
Technical Indicators
| Recent close | $23.33 |
| 30d moving avg. | $23.08 |
| Annualized volatility | 10.0% |
| Relative strength (RSI) | 62 |
| Short interest | 0.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Credit Quality
Duration
Macaulay Duration
Modified Duration
SHORT
MED.
LONG TERM
6.6 yrs
Modified Duration
◁ INSENSITIVE
EXTREMELY SENSITIVE ▷
6.4%
ⓘ Our analysis shows this fund is likely to be moderately sensitive to changes in interest rates
Interest Rate Sensitivity Analysis
| Change in YTM |
New YTM |
Est. Price Change |
New Price |
|---|---|---|---|
| +300 bp | --% | --% | $-- |
| +200 bp | --% | --% | $-- |
| +150 bp | --% | --% | $-- |
| +100 bp | --% | --% | $-- |
| +75 bp | --% | --% | $-- |
| +50 bp | --% | --% | $-- |
| +25 bp | --% | --% | $-- |
| 0 bp | --% | --% | $-- |
| -25 bp | --% | --% | $-- |
| -50 bp | --% | --% | $-- |
| -75 bp | --% | --% | $-- |
| -100 bp | --% | --% | $-- |
| -150 bp | --% | --% | $-- |
| -200 bp | --% | --% | $-- |
| - 300bp | --% | --% | $-- |
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Yields
Disposition of YTM
Distribution Yield (Trailing 12 Months)
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ETF Research Center Fund Rating
The ALTAR Score™ is our measure of an ETF's overall investment merit. For fixed income funds, the Score is an estimate of risk-adjusted yield to maturity (calculation shown below). In effecient markets, the plot of ALTAR Scores™ vs. Duration should resemble the familiar yield curve. Funds that sit above the curve may offer better risk-adjusted returns than those that sit below the curve.
ALTAR Score™
EMBD
4.6%
Cat. Avg
5.6%
Fund Category: Emerging Market
| Adj. Yield to Maturity | -- bp |
| Less: Annual "default factor" | -- bp |
| Less: Expenses | 39 bp |
| Equals: ALTAR Score™ | 4.6% |
ALTAR Score™ vs. Duration (Emerging Market Bond ETFs)
Expense Analysis
| Peer Group | Active Emerging Market Fixed Income ETFs |
| # of ETFs | 7 |
| Avg. Expense Ratio | 64.9 bp |
| Std. Deviation | 17.7 bp |
| EMBD (39 bp) Percentile rank | 7 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| EMBD | 39.0 | 57.5 | 96.5 |
| Peer Avg. | 47.3 | 35.0 | 82.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .