ETF Evaluator: Global X Emerging Markets Bond ETF () Follow This ETF

Global X Emerging Markets Bond ETF Overview

Global X Emerging Markets Bond ETF (EMBD) is an actively managed Taxable Bond Emerging Markets Bond exchange-traded fund (ETF). Global X Funds launched the ETF in 2020.

The investment seeks a high level of total return consisting of both income and capital appreciation. 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.

About Global X Emerging Markets Bond ETF (EMBD)

There are 2 members of the management team with an average tenure of 6.17 years: Joon Heo (2020) and Ethan Yoon (2020). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: Bloomberg EM USD Aggregate TR USD index with a weighting of 100% and JPM EMBI Global Core TR USD index with a weighting of 100%. Global X Emerging Markets Bond ETF has 223 securities in its portfolio. The top 10 holdings constitute 14.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Global X Emerging Markets Bond ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Global X Emerging Markets Bond ETF has 94.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 97.9% (3.3% domestic bond, 94.6% foreign bond and 0.0% convertible bond). Global X Emerging Markets Bond ETF has 2.1% of the portfolio in cash.

Assets Under Management

The fund has $248 million in total assets, which is below the $1 billion average for the Emerging Markets Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

EMBD Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Global X Emerging Markets Bond ETF expense ratio is below average compared to funds in the Emerging Markets Bond category. Global X Emerging Markets Bond ETF has an expense ratio of 0.39%, which is 15% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Global X Emerging Markets Bond ETF has a portfolio turnover rate of 27%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 56% for the Emerging Markets Bond category.

Recently, in the month of July 2026, Global X Emerging Markets Bond ETF returned -1.2%, which earned it a grade of C, as the Emerging Markets Bond category had an average return of -1.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Global X Emerging Markets Bond ETF has a trailing yield of 5.75%, which is below the 6.13% category average. The fund normally distributes its income monthly.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Global X Emerging Markets Bond ETF Grades

Year to date, the ETF has returned 1.1%, 0.9 percentage points worse than the category, which translates into a grade of D. The fund has returned 6.8% over the past year (grade of D), 8.3% over the past three years (grade of C) and 3.0% per year over the past five years (grade of B).

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