EFAS ETF — Holdings & Analysis

and Canada. EFAS has an expense ratio of 0.55%, which is slightly higher than some broad-market equity ETFs, but typical for a specialized dividend-focused fund. The fund's concentrated portfolio of 51 holdings offers exposure to international dividend stocks.

Global X - MSCI SuperDividend EAFE ETF (EFAS) ETF — Price, Holdings & Analysis

The Global X MSCI SuperDividend EAFE ETF (EFAS) is an equity ETF with $0.04 billion in assets under management. It seeks to replicate the MSCI EAFE Top 50 Dividend Index, focusing on high-dividend-yielding equities in developed markets, excluding the U.S. and Canada. EFAS has an expense ratio of 0.55%, which is slightly higher than some broad-market equity ETFs, but typical for a specialized dividend-focused fund. The fund's concentrated portfolio of 51 holdings offers exposure to international dividend stocks.

ETF Overview

The Global X MSCI SuperDividend EAFE ETF (EFAS) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI EAFE Top 50 Dividend Index.

EFAS aims to provide investment results that closely track the price and yield performance of the MSCI EAFE Top 50 Dividend Index. This index selects 50 of the highest dividend-yielding companies from the MSCI EAFE Index, which includes developed market countries in Europe, Australasia, and the Far East. The ETF's strategy focuses on income generation through dividends, making it potentially attractive to investors seeking regular income streams. The fund's top holdings include companies like Repsol SA (2.74%), Hongkong Land Holdings Ltd (2.72%), and Engie SA (2.60%). EFAS provides significant exposure to the Financial Services sector (30.8%), followed by Utilities (14.3%) and Real Estate (12.8%). The fund's country exposure is primarily to Hong Kong (17.5%), France (16.7%), and the United Kingdom (14.2%). EFAS is differentiated by its focus on high-yielding dividend stocks within the EAFE region, offering a targeted approach to international equity income.

Risk Metrics

EFAS carries several risks inherent to its investment strategy. The fund's focus on high-dividend-yielding stocks may lead to concentration risk, as seen in its top 10 holdings comprising a significant portion of the portfolio. Sector concentration is also a factor, with substantial allocation to Financial Services, Utilities, and Real Estate, making it vulnerable to sector-specific downturns. The fund's beta of 0.96 indicates that it is slightly less volatile than the broader market. The expense ratio of 0.55% can create a drag on returns, particularly in periods of low market performance. Furthermore, international investing involves currency risk and geopolitical risks specific to the countries represented in the EAFE region. Past performance does not guarantee future results.

Expense Ratio

0.55%

What does EFAS hold?

Holding	Weight
Repsol SA (REP.MC)	2.74%
Hongkong Land Holdings Ltd (H78.SI)	2.72%
Engie SA (ENGI.PA)	2.60%
Sino Land Co Ltd (0083.HK)	2.58%
Eni SpA (ENI.MI)	2.54%
Henderson Land Development Co Ltd (0012.HK)	2.39%
WH Group Ltd Shs Unitary 144A/Reg S (0288.HK)	2.38%
CaixaBank SA (CABK.MC)	2.33%
M&G PLC Ordinary Shares (MNG.L)	2.33%
Orange SA (ORA.PA)	2.32%

How Is the Fund Allocated?

Sector	Weight
Financial Services	30.8%
Utilities	14.3%
Real Estate	12.8%
Energy	11.3%
Industrials	10.3%
Communication Services	8.9%
Consumer Defensive	8.6%
Consumer Cyclical	1.5%
Basic Materials	1.5%

Country	Weight
Hong Kong	17.5%
France	16.7%
United Kingdom	14.2%
Italy	11.8%
Norway	8.6%
Spain	8.1%
Sweden	3.9%
Japan	3.4%
Denmark	2.3%
Austria	2.1%

Dividend Yield

0.00%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio

Global X - MSCI Colombia ETF (GXG) (Equity) — 0.62% expense ratio
Global X - Genomics & Biotechnology ETF (GNOM) (Equity) — 0.50% expense ratio
Global X China Innovation ETF (KEJI) (Equity) — 0.75% expense ratio
Global X - MSCI Norway ETF (NORW) (Equity) — 0.50% expense ratio
Global X Funds - Global X Nasdaq 100 ESG Covered Call ETF (QYLE) (Equity) — 0.61% expense ratio
Global X - S&P 500 Quality Dividend Covered Call ETF (QDCC) (Equity) — 0.35% expense ratio

Risk Metrics

Beta: 0.96

Questions & Answers

What is EFAS and what does it track?

The Global X MSCI SuperDividend EAFE ETF (EFAS) is an exchange-traded fund that aims to replicate the performance of the MSCI EAFE Top 50 Dividend Index.

This index is composed of 50 of the highest dividend-yielding equity securities in the MSCI EAFE Index, which represents developed market countries, excluding the U.S. and Canada.

What is the expense ratio for EFAS?

The expense ratio for EFAS is 0.55%. This means that for every $10,000 invested in the fund, $55 is used to cover the fund's operating expenses annually.

While this is higher than some broad-market ETFs, it is fairly typical for a specialized dividend-focused ETF that invests in international markets.

What are the top holdings in EFAS?

As of 2026-03-15, the top holdings in EFAS include Repsol SA (2.74%), Hongkong Land Holdings Ltd (2.72%), and Engie SA (2.60%). Other significant holdings are Sino Land Co Ltd (2.58%) and Eni SpA (2.54%).

These companies represent a diverse range of sectors and countries within the EAFE region.

Is EFAS a good long-term investment?

Whether EFAS is a suitable long-term investment depends on an individual investor's goals, risk tolerance, and investment horizon. EFAS offers exposure to international dividend-paying stocks, which can provide income and diversification benefits.

However, the fund's concentration in certain sectors and countries may increase volatility. The fund's dividend yield is currently 0.00%.

How does EFAS compare to similar ETFs?

EFAS can be compared to other dividend-focused ETFs that invest in international markets. Key factors to consider include the expense ratio, AUM, and the underlying index methodology. EFAS has an expense ratio of 0.55% and AUM of $0.04B.

Other ETFs may have lower expense ratios or larger asset bases, which can impact liquidity and tracking error.

Does EFAS pay dividends?

While EFAS is designed to track an index of high-dividend-yielding stocks, its current dividend yield is 0.00% as of 2026-03-15. Investors should consult the fund's official website or fact sheet for the most up-to-date dividend information.

Dividend payments can vary over time depending on the performance of the underlying holdings and the fund's distribution policy. It's important to review the fund's historical dividend payments to understand its income-generating potential.