Global X MSCI Argentina ETF
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
42.5%
1 yr return
79.4%
3 Yr Avg Return
31.3%
5 Yr Avg Return
28.5%
Net Assets
$174 M
Holdings in Top 10
68.2%
52 WEEK LOW AND HIGH
$72.9
$39.80
$74.17
Expenses
OPERATING FEES
Expense Ratio 0.59%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
ARGT - Profile
Distributions
- YTD Total Return 42.5%
- 3 Yr Annualized Total Return 31.3%
- 5 Yr Annualized Total Return 28.5%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 0.6%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameGlobal X MSCI Argentina ETF
-
Fund Family NameGlobal X Funds
-
Inception DateMar 02, 2011
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
Fund Description
The Fund invests at least 80% of its total assets in the securities of the MSCI All Argentina 25/50 Index ("Underlying Index") and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the Underlying Index. The Fund also invests at least 80% of its total assets in securities of companies that are economically tied to Argentina. The Fund's 80% investment policies are non-fundamental and require 60 days prior written notice to shareholders before they can be changed. The Fund may lend securities representing up to one-third of the value of the Fund’s total assets (including the value of the collateral received).
The Underlying Index is designed to represent the performance of the broad Argentina equity universe, while including a minimum number of constituents, as defined by MSCI, Inc. ("MSCI"), the provider of the Underlying Index ("Index Provider"). The broad Argentina equity universe includes securities that are classified in Argentina according to the MSCI Global Investable Market Index Methodology, together with companies that are headquartered or listed in Argentina and carry out the majority of their operations in Argentina. The Underlying Index targets a minimum of 25 securities and 20 issuers at construction. The Fund's investment objective and Underlying Index may be changed without shareholder approval.
The Underlying Index is sponsored by the Index Provider, which is an organization that is independent of, and unaffiliated with, the Fund and Global X Management Company LLC, the investment adviser for the Fund ("Adviser"). The Index Provider
determines the relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.
The Adviser uses a "passive" or indexing approach to try to achieve the Fund's investment objective. Unlike many investment companies, the Fund does not try to outperform the Underlying Index and does not seek temporary defensive positions when markets decline or appear overvalued.
The Fund generally will use a replication strategy. A replication strategy is an indexing strategy that involves investing in the securities of the Underlying Index in approximately the same proportions as in the Underlying Index. However, the Fund may utilize a representative sampling strategy with respect to the Underlying Index when a replication strategy might be detrimental or disadvantageous to shareholders, such as when there are practical difficulties or substantial costs involved in compiling a portfolio of equity securities to replicate the Underlying Index, in instances in which a security in the Underlying Index becomes temporarily illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations (such as tax diversification requirements) that apply to the Fund but not the Underlying Index.
The Adviser expects that, over time, the correlation between the Fund's performance and that of the Underlying Index, before fees and expenses, will exceed 95%. A correlation percentage of 100% would indicate perfect correlation. If the Fund uses a replication strategy, it can be expected to have greater correlation to the Underlying Index than if it uses a representative sampling strategy.
The Fund concentrates its investments (i.e., holds 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. As of December 31, 2023, the Underlying Index had significant exposure to the consumer discretionary sector.
ARGT - Performance
Return Ranking - Trailing
Period | ARGT Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 42.5% | N/A | N/A | N/A |
1 Yr | 79.4% | N/A | N/A | N/A |
3 Yr | 31.3%* | N/A | N/A | N/A |
5 Yr | 28.5%* | N/A | N/A | N/A |
10 Yr | 14.6%* | N/A | N/A | N/A |
* Annualized
Return Ranking - Calendar
Period | ARGT Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 51.1% | N/A | N/A | N/A |
2022 | 8.7% | N/A | N/A | N/A |
2021 | 2.9% | N/A | N/A | N/A |
2020 | 14.3% | N/A | N/A | N/A |
2019 | 13.3% | N/A | N/A | N/A |
Total Return Ranking - Trailing
Period | ARGT Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 42.5% | N/A | N/A | N/A |
1 Yr | 79.4% | N/A | N/A | N/A |
3 Yr | 31.3%* | N/A | N/A | N/A |
5 Yr | 28.5%* | N/A | N/A | N/A |
10 Yr | 14.6%* | N/A | N/A | N/A |
* Annualized
Total Return Ranking - Calendar
Period | ARGT Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 53.7% | N/A | N/A | N/A |
2022 | 11.8% | N/A | N/A | N/A |
2021 | 3.8% | N/A | N/A | N/A |
2020 | 14.6% | N/A | N/A | N/A |
2019 | 14.5% | N/A | N/A | N/A |
ARGT - Holdings
Concentration Analysis
ARGT | Category Low | Category High | ARGT % Rank | |
---|---|---|---|---|
Net Assets | 174 M | N/A | N/A | N/A |
Number of Holdings | 26 | N/A | N/A | N/A |
Net Assets in Top 10 | 202 M | N/A | N/A | N/A |
Weighting of Top 10 | 68.17% | N/A | N/A | N/A |
Top 10 Holdings
- MERCADOLIBRE INC COMMON STOCK 23.79%
- YPF S.A.-SPONSORED ADR DEPOSITARY RECEIPT 7.04%
- GRUPO FINANCIERO GALICIA-ADR DEPOSITARY RECEIPT 6.22%
- BANCO MACRO SA-ADR DEPOSITARY RECEIPT 5.30%
- FILO CORP COMMON STOCK 5.23%
- PAMPA ENERGIA SA-SPON ADR DEPOSITARY RECEIPT 4.48%
- TRANSPORTADOR GAS-ADR SP B DEPOSITARY RECEIPT 4.26%
- Embotelladora Andina SA PREFERRED STOCK 4.12%
- ARCOS DORADOS HOLDINGS INC-A COMMON STOCK 3.86%
- SSR MINING INC COMMON STOCK 3.86%
Asset Allocation
Weighting | Return Low | Return High | ARGT % Rank | |
---|---|---|---|---|
Stocks | 95.78% | N/A | N/A | N/A |
Preferred Stocks | 4.12% | N/A | N/A | N/A |
Other | 2.60% | N/A | N/A | N/A |
Convertible Bonds | 0.00% | N/A | N/A | N/A |
Cash | 0.00% | N/A | N/A | N/A |
Bonds | 0.00% | N/A | N/A | N/A |
Stock Sector Breakdown
Weighting | Return Low | Return High | ARGT % Rank | |
---|---|---|---|---|
Utilities | 0.00% | N/A | N/A | N/A |
Technology | 0.00% | N/A | N/A | N/A |
Real Estate | 0.00% | N/A | N/A | N/A |
Industrials | 0.00% | N/A | N/A | N/A |
Healthcare | 0.00% | N/A | N/A | N/A |
Financial Services | 0.00% | N/A | N/A | N/A |
Energy | 0.00% | N/A | N/A | N/A |
Communication Services | 0.00% | N/A | N/A | N/A |
Consumer Defense | 0.00% | N/A | N/A | N/A |
Consumer Cyclical | 0.00% | N/A | N/A | N/A |
Basic Materials | 0.00% | N/A | N/A | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | ARGT % Rank | |
---|---|---|---|---|
US | 78.92% | N/A | N/A | N/A |
Non US | 16.85% | N/A | N/A | N/A |
ARGT - Expenses
Operational Fees
ARGT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.59% | N/A | N/A | N/A |
Management Fee | 0.59% | N/A | N/A | N/A |
12b-1 Fee | N/A | N/A | N/A | N/A |
Administrative Fee | N/A | N/A | N/A | N/A |
Sales Fees
ARGT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | N/A | N/A | N/A |
Deferred Load | N/A | N/A | N/A | N/A |
Trading Fees
ARGT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
ARGT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | N/A | N/A | N/A |
ARGT - Distributions
Dividend Yield Analysis
ARGT | Category Low | Category High | ARGT % Rank | |
---|---|---|---|---|
Dividend Yield | 0.58% | N/A | N/A | N/A |
Dividend Distribution Analysis
ARGT | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | SemiAnnual |
Net Income Ratio Analysis
ARGT | Category Low | Category High | ARGT % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | N/A | N/A | N/A |
Capital Gain Distribution Analysis
ARGT | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 28, 2023 | $0.526 | OrdinaryDividend |
Jun 29, 2023 | $0.292 | OrdinaryDividend |
Dec 29, 2022 | $0.446 | OrdinaryDividend |
Jun 29, 2022 | $0.386 | OrdinaryDividend |
Dec 30, 2021 | $0.267 | OrdinaryDividend |
Jun 29, 2021 | $0.025 | OrdinaryDividend |
Dec 30, 2020 | $0.085 | OrdinaryDividend |
Dec 30, 2019 | $0.078 | OrdinaryDividend |
Jun 27, 2019 | $0.244 | OrdinaryDividend |
Dec 28, 2018 | $0.315 | OrdinaryDividend |
Dec 28, 2017 | $0.174 | OrdinaryDividend |
Dec 28, 2016 | $0.084 | OrdinaryDividend |
Dec 29, 2015 | $0.161 | OrdinaryDividend |
Dec 29, 2014 | $0.088 | OrdinaryDividend |
Dec 27, 2013 | $0.122 | OrdinaryDividend |
Dec 27, 2012 | $0.179 | OrdinaryDividend |
Dec 28, 2011 | $0.588 | OrdinaryDividend |