BRAZ vs. EMM ETF Comparison

Comparison of Global X Brazil Active ETF (BRAZ) to Global X Emerging Markets ETF (EMM)

BRAZ

Global X Brazil Active ETF

BRAZ Description

The fund is an actively managed exchange traded fund ("ETF") advised by Global X Management Company LLC (the "Adviser") that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets, plus any borrowings for investment purposes, measured at the time of purchase, in equity securities: (i) of issuers domiciled in Brazil; and/or (ii) that are tied economically to Brazil. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.76

Average Daily Volume

286

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EMM

Global X Emerging Markets ETF

EMM Description

EMM seeks long-term capital growth by investing in companies believed to be able to achieve and maintain a leading position within their respective country, region, industry, products produce, or services provided. The belief is that emerging markets have the potential for higher levels of growth based on the occurrence of socio-economic changes. Thus, an opportunistic approach to investing in companies considered to be best positioned to benefit from these changes. The funds investable universe is limited to emerging market stocks that meet minimum trading volume and market capitalization requirements. The selection process also considers advantageous-competitive strategies and share-holder beneficial practices and philosophies. The portfolio is constructed using a bottom-up fundamental analysis, subject to a risk management framework. The fund may engage in active and frequent trading. On May 15, 2023, EMM converted from a mutual fund to an actively managed ETF, with $18 million in assets.

Grade (RS Rating)

Last Trade

$27.36

Average Daily Volume

6,556

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BRAZ	EMM
30 Days	-4.49%	-3.55%
60 Days	-7.27%	-3.37%
90 Days	-11.69%	-4.93%
12 Months	-16.18%	10.24%

4 Overlapping Holdings

Symbol	Grade	Weight in BRAZ	Weight in EMM	Overlap
ARCO	F	2.09%	0.65%	0.65%
ITUB	F	8.52%	1.03%	1.03%
MELI	C	1.22%	0.57%	0.57%
NU	C	9.62%	1.01%	1.01%

BRAZ Overweight 8 Positions Relative to EMM

Symbol	Grade	Weight
PBR	D	10.24%
VALE	F	6.86%
BBD	D	4.91%
ASAI	F	3.75%
EBR	F	3.34%
SUZ	B	2.8%
ELP	F	1.94%
ABEV	F	1.89%

BRAZ Underweight 6 Positions Relative to EMM

Symbol	Grade	Weight
TSM	B	-10.02%
IBN	C	-3.12%
HDB	C	-2.0%
SHG	C	-1.74%
MMYT	B	-1.48%
GFI	D	-0.88%