Global X Emerging Markets Bond ETF
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. It 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. It is non-diversified.
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN
Flows are quiet — the past month netted out near zero, while the price has returned -1.2% so far this year. At 0.39% a year it is not the cheapest way in — AGG runs the same ground at 0.03%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
| # | Holding | Weight | Price | Day | 52-wk | |
|---|---|---|---|---|---|---|
| 1 | CLIPGLOBAL X 1-3 MONTH T-BILL ETF | 0.80% | $100.25 | +0.0% | ||
| 2 | —CASH | 0.63% | — | — | — |
| 1 week | +0.1% |
| 1 month | -0.6% |
| 3 months | +0.2% |
| 6 months | -2.6% |
| YTD | -1.2% |
| 1 year | — |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
| 1 week | — |
| 1 month | — |
| 3 months | — |
| YTD | — |
| 1 year | — |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
The top holding is 0.8% of the book; the top ten carry 1%. Spread across 2+ names, it behaves like roughly 2 equally-weighted positions.
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
| Most-traded holdings, options premium | Bullish | Bearish |
|---|---|---|
| CLIP GLOBAL X 1-3 MONTH T-BILL ETF | $871 | $751 |
TODAY’S OPTIONS PREMIUM IN THE FUND’S UNDERLYING NAMES
Due diligence cuts both ways. These funds sit on the same shelf and beat EMBD on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| STIP iShares 0-5 Year TIPS Bond ETF | 0.03% | $16B | +$288M | -36bp on fee · 91× the assets · +$288M in over the month | Head-to-head |
| MBB iShares MBS ETF | 0.04% | $39B | +$26M | -35bp on fee · 221× the assets · +$26M in over the month | Head-to-head |
| IDEV iShares Core MSCI International Developed Markets ETF | 0.04% | $32.7B | +$104M | -35bp on fee · 185× the assets · +$104M in over the month | Head-to-head |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 0.04% | $23.4B | +$520M | -35bp on fee · 133× the assets · +$520M in over the month | Head-to-head |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 0.04% | $18.7B | +$312M | -35bp on fee · 106× the assets · +$312M in over the month | Head-to-head |