What this ETF is trying to do

The GLOBAL X EMERGING MARKETS EX-CHINA ETF (Ticker: EMM) is designed to invest in emerging markets while specifically excluding companies from China. This means the fund focuses on growing economies in other parts of the world.

What the numbers show

The data shows significant growth in the share price over different time periods. For example, the one-year price return was approximately 42.75%. The year-to-date (YTD) price return is approximately 33.99%. Looking further back, the three-year price return was approximately 88.76%.

It is important to understand the difference between "price return" and "total return." Price return only tracks how much the share price itself has changed. Total return includes both the price change and any distributions (cash payments) made to investors. For EMM, the total returns are slightly higher than the price returns:

• YTD Total Return: Approximately 34.37%

• One-Year Total Return: Approximately 44.00%

• Three-Year Total Return: Approximately 93.85%

An estimated price from roughly one year ago was $32.14, compared to the current price of $45.88.

Income and distribution explanation

This ETF provides some cash income through distributions. The distribution yield is approximately 0.71%. Over the last 12 months, there were 2 payouts. The distribution frequency is described as "irregular" or "less frequent." While the fund provides some income, it is not a high-yield fund.

NAV erosion explanation

"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

However, regarding price-based evidence, the fund has an erosion score of 100, which is labeled as "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag.

Top Holdings

The following are the top holdings in the portfolio (note that this is a partial list):

• TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD: 17.93%

• GLOBAL X INDIA ACTIVE ETF: 16.31%

• SAMSUNG ELECTRONICS CO LTD: 6.69%

• GLOBAL X BRAZIL ACTIVE ETF: 6.27%

• MEDIATEK INC: 5.26%

• DELTA ELECTRONICS INC: 3.86%

• SK HYNIX INC: 3.64%

• SAMSUNG C&T CORP: 2.90%

• HANWHA AEROSPACE CO LTD: 2.84%

• SHINHAN FINANCIAL GROUP CO LTD: 2.69%

Please note that holdings can change over time.

Pros

• Strong historical price returns over the one-year and three-year periods.

• Provides exposure to emerging markets without including China.

• No detected price erosion based on the current erosion score.

Cons

• The distribution frequency is irregular and less frequent.

• The distribution yield is relatively low at approximately 0.71%.

Beginner takeaway

EMM is an ETF that focuses on emerging markets outside of China. It has shown strong price growth recently, and its total returns (which include distributions) have been even higher than its share-price growth alone. While it pays some cash distributions, they do not happen on a regular or frequent schedule.