ETF Evaluator:
Global X MSCI Vietnam ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Focused Region Over the Last Year
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ETF Details
Global X MSCI Vietnam ETF Overview
Global X MSCI Vietnam ETF (VNAM) is a passively managed International Equity Focused Region exchange-traded fund (ETF). Global X Funds launched the ETF in 2021.
The investment seeks to provide results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Vietnam IMI Select 25/50 Index ("underlying index").
The fund invests at least 80% of its total assets in the securities of the underlying index (typically denominated in local currency) and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The underlying index is designed to represent the performance of the broad Vietnam equity universe, while including a minimum number of constituents. The fund is non-diversified.
About Global X MSCI Vietnam ETF (VNAM)
There are 2 members of the management team with an average tenure of 4.65 years: Nam To (2021) and Wayne Xie (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI EM NR USD index with a weighting of 100% and MSCI VIETNAM IMI SEL 25-50 VNA M NR USD index with a weighting of 100%. Global X MSCI Vietnam ETF has 71 securities in its portfolio. The top 10 holdings constitute 54.4% 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 MSCI Vietnam ETF is part of the Equity global asset class and is within the International Equity ETF group. Global X MSCI Vietnam ETF has 100.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 100.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Global X MSCI Vietnam ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $34 million in total assets, which is below the $1 billion average for the Focused Region 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.
VNAM 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 MSCI Vietnam ETF expense ratio is average compared to funds in the Focused Region category. Global X MSCI Vietnam ETF has an expense ratio of 0.51%, which is 1% lower than its category average, making the fund expense ratio grade a C. 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 MSCI Vietnam ETF has a portfolio turnover rate of 22%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 26% for the Focused Region category.
Recently, in the month of July 2026, Global X MSCI Vietnam ETF returned -7.0%, which earned it a grade of F, as the Focused Region category had an average return of 1.8%. 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 MSCI Vietnam ETF has a trailing yield of 0.52%, which is below the 5.57% category average.
The fund normally distributes its income semi-annually and its capital gains annually.
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 MSCI Vietnam ETF Grades
Year to date, the ETF has returned -5.2%, 15.8 percentage points worse than the category, which translates into a grade of F. The fund has returned 17.4% over the past year (grade of D) and 9.4% over the past three years (grade of D).
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VNAM Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| VNAM Return (NAV) | -7.0% | -8.3% | 17.4% | 9.4% | na | na |
| VNAM Return (Price) | -6.2% | -8.8% | 18.7% | 9.2% | na | na |
| NAV +/- Price Return | -0.828% | 0.503% | -1.379% | 0.164% | na | na |
| Focused Region Avg | 1.8% | 1.8% | 29.5% | 85.6% | 9.2% | 8.4% |
| VNAM Grade (NAV) | F | F | D | D | na | na |
| +/- Category (NAV) | -8.8% | -10.1% | -12.1% | -76.2% | na | na |
| VNAM Tax-Cost Ratio | na | na | 0.2% | 0.3% | na | na |
VNAM Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| VNAM Return (NAV) | -5.2% | 62.9% | -6.7% | 12.8% | -44.2% | na | na | na | na | na | na |
| VNAM Return (Price) | -5.9% | 67.0% | -7.8% | 13.0% | -44.2% | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.129% | 0.066% | 0.160% | 0.015% | -0.002% | na | na | na | na | na | na |
| Focused Region Avg | 10.6% | 40.0% | 7.6% | 33.4% | -15.0% | 8.3% | 3.6% | 20.0% | -13.7% | 26.4% | 13.0% |
| VNAM Grade (NAV) | F | A | D | D | F | na | na | na | na | na | na |
| +/- Category | -15.8% | 22.9% | -14.3% | -20.7% | -29.3% | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.13 |
| R-Squared: | 44% |
| Standard Deviation: | 23.7% |
| Category Risk Index: | 0.29 |
| Category Risk Rating: | High |
| Total Risk Index: | 1.93 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 0.5% |
| Total Assets: | $ 35 Mil |
| Share Class Assets: | $ 35 Mil |
| Turnover: | 22.3% |
| Expense Ratio: | 0.51% |
| Index Fund: | Yes |
| Index Tracked: | MSCI EM NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Semi-Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 4.7 years | |||
| Average Tenure: 4.7 years | |||
| Managers (Year): To Nam (2021), Xie Wayne (2021) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 71 |
| % in Top 10 Holdings: | 54.4% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 100.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 100.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Global X Funds |
| Phone Number: | 888-493-8631 |
| Website: | www.globalxfunds.com |
| Inception Date: | December 7, 2021 |
Expenses and Fees
| Expense Ratio (%): | 0.51% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.52% |
