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Sunday, August 23, 2026The Morning Brief →Sign in

Global X S&P Catholic Values Developed ex-U.S. ETF

$41.69+0.93% today
354252-WK

The fund invests at least 80% of its total assets, plus borrowings for investments purposes (if any), in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. The underlying index is designed to provide exposure to developed market equity securities outside the U.S. while maintaining alignment with the moral and social teachings of the Catholic Church. It is non-diversified.

Price & daily flows
40.338.336.441.69DAILY NET FLOWAug 22Dec 19Apr 21Aug 21

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN

The desk’s read

Flows are quiet — the past month netted out near zero, while the price has returned +11.9% so far this year. At 0.35% a year it is not the cheapest way in — IEFA runs the same ground at 0.07%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$11Massets under management
0.35%expense ratio · $35 per $10,000 a year
net flow, trailing month
9Kavg daily volume, 30 days
404holdings · US-domiciled
2020listed June 21, 2020 · beta 0.99
The book at a glance
SIGCSL+2.8%BP.-0.8%ASML+0.8%SHEL-0.3%BHP+3.6%DTE-2.1%TSCO-0.2%ARGX+0.2%SAP+0.7%SAN+2.7%TTE-1.1%ALC+1.0%BBVA+1.4%NWG+1.7%EL+6.0%RIO+3.1%CFR-0.4%DGSPOTRACEADSU+0.7%ALV+3.0%BN+0.8%WDSNG.+0.7%

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1SIGSIGNET JEWELERS0.30%$81.37+0.4%
2CSLCARLISLE COMPANIES1.48%$367.68+2.8%
3BP.BP0.60%$44.76-0.8%
4ASMLASML HOLDING NV3.53%$1763.76+0.8%
5SHELSHELL1.34%$93.33-0.3%
6STESTERIS0.09%$237.93+0.9%
7BHPBHP GROUP1.22%$97.03+3.6%
8DTEDTE ENERGY0.54%$135.22-2.1%
9TSCOTRACTOR SUPPLY0.35%$34.98-0.2%
10AIAISHARES ASIA 50 ETF0.06%$138.77+0.5%
11ARGXARGENX SE1.60%$1039.78+0.2%
12PRUPRUDENTIAL FINANCIAL0.18%$121.15+0.5%
13STSENSATA TECHNOLOGIES HOLDING0.11%$42.83+2.1%
14SAPSAP SE1.14%$218.68+0.7%
15SANBANCO SANTANDER1.10%$14.59+2.7%

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Sector weights
Finance20.17%
Consumer Discretionary20.16%
Financial Services20.11%
Financials19.37%
Other19.1%
Healthcare15.52%
Industrials14.37%
Health Technology12.81%
Consumer Non-Durables10.82%
Consumer Cyclical10.61%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
Japan25.47%
United Kingdom11.94%
France11.38%
Australia10.73%
Other10.5%
Germany8.6%
Switzerland6.11%
Netherlands5.03%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week+0.0%
1 month+6.0%
3 months+5.6%
6 months+4.5%
YTD+11.9%
1 year+16.1%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week
1 month
3 months
YTD
1 year

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
SepOctNovDecJanFebMarAprMayJunJulAug
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
14%realized volatility, 30 days (annualized)
16%realized volatility, 1 year
-11.5%deepest fall from a peak, 1 year
at peakwhere it sits vs. that peak today

The top holding is 3.5% of the book; the top ten carry 17%. Spread across 250+ names, it behaves like roughly 104 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

The case against CEFA

Due diligence cuts both ways. These funds sit on the same shelf and beat CEFA on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
IDEV iShares Core MSCI International Developed Markets ETF0.04%$32.7B+$104M-31bp on fee · 2975× the assets · +$104M in over the monthHead-to-head
IEFA iShares Core MSCI EAFE ETF0.07%$193.2B+$631M-28bp on fee · 17583× the assets · +$631M in over the monthHead-to-head
IEMG iShares Core MSCI Emerging Markets ETF0.09%$160.6B+$1.9B-26bp on fee · 14620× the assets · +$1.9B in over the monthHead-to-head
IAGG iShares Core International Aggregate Bond ETF0.07%$11.4B+$739M-28bp on fee · 1037× the assets · +$739M in over the monthHead-to-head
IXUS iShares Core MSCI Total International Stock ETF0.07%$46.2B-28bp on fee · 4204× the assetsHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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