GXG ETF — Holdings & Analysis

Its expense ratio is 0.62%, and a key differentiator is its focused approach to investing in companies economically tied to Colombia, offering investors a way to participate in the growth of this specific emerging market. Past performance does not guarantee future results.

Global X - MSCI Colombia ETF (GXG) ETF — Price, Holdings & Analysis

The Global X MSCI Colombia ETF (GXG) provides targeted exposure to the Colombian equity market. With approximately $0.10 billion in assets under management, GXG seeks to replicate the performance of the MSCI Colombia IMI 25/50 Index. Its expense ratio is 0.62%, and a key differentiator is its focused approach to investing in companies economically tied to Colombia, offering investors a way to participate in the growth of this specific emerging market. Past performance does not guarantee future results.

ETF Overview

The fund invests at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. It also invests at least 80% of its total assets in securities of companies that are economically tied to Colombia. The underlying index is designed to represent the performance of the broad Colombia equity universe. The fund is non-diversified.

The Global X MSCI Colombia ETF (GXG) aims to capture the performance of the broad Colombian equity market by investing at least 80% of its assets in securities of the underlying index and in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) based on the securities in the underlying index. GXG focuses on companies that are economically tied to Colombia, providing a concentrated exposure to the country's economy. The fund's top holdings include Grupo Cibest SA (14.78%), Ecopetrol SA (7.71%), and Interconexion Electrica SA ESP (7.55%). The ETF's sector allocation is heavily weighted towards Utilities (27.3%), Basic Materials (25.9%), Financial Services (22.6%), and Energy (20.4%). This sector concentration reflects the composition of the Colombian equity market and offers investors a targeted approach to investing in this emerging economy. GXG is non-diversified, meaning it invests in a smaller number of companies, which can lead to higher volatility but also potentially higher returns. Past performance does not guarantee future results.

Risk Metrics

Investing in the Global X MSCI Colombia ETF (GXG) involves several risks. The fund's concentration in the Colombian equity market makes it susceptible to economic and political instability within Colombia. The fund's sector allocation is heavily concentrated in Utilities, Basic Materials, Financial Services, and Energy, which means that sector-specific downturns could significantly impact the fund's performance. GXG's beta of 0.97 indicates that it has similar volatility to the broader market. The expense ratio of 0.62% can create a drag on returns, especially when compared to broader, more diversified emerging market ETFs. The fund's non-diversified status means that adverse performance in a few key holdings could disproportionately affect the ETF's overall value. Investors should carefully consider these risks before investing in GXG. Past performance does not guarantee future results.

Expense Ratio

0.62%

What does GXG hold?

Holding	Weight
Grupo Cibest SA 0% (PFCIBEST.CL)	14.78%
Ecopetrol SA (ECOPETROL.CL)	7.71%
Interconexion Electrica SA ESP (ISA.CL)	7.55%
Tecnoglass Inc (TGLS)	5.77%
Grupo Energia Bogota SA ESP (GEB.CL)	4.62%
Cementos Argos SA (CEMARGOS.CL)	4.32%
Grupo Aval Acciones y Valores SA Participating Preferred (PFAVAL)	3.90%
Celsia SA Esp (CELSIA.CL)	3.85%
Banco Davivienda SA Participating Preferred (PFDAVVNDA.CL)	3.84%

How Is the Fund Allocated?

Sector	Weight
Utilities	27.3%
Basic Materials	25.9%
Financial Services	22.6%
Energy	20.4%
Industrials	3.8%

Country	Weight
Other	84.2%
Canada	7.8%
United States	3.2%
Colombia	4.8%

Dividend Yield

6.41%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% 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 - Genomics & Biotechnology ETF (GNOM) (Equity) — 0.50% expense ratio
Global X China Innovation ETF (KEJI) (Equity) — 0.75% 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
Global X - MSCI SuperDividend EAFE ETF (EFAS) (Equity) — 0.55% expense ratio
Global X - Adaptive U.S. Risk Management ETF (ONOF) (Equity) — 0.39% expense ratio

Risk Metrics

Beta: 0.97

Questions & Answers

What is GXG and what does it track?

The Global X MSCI Colombia ETF (GXG) is designed to track the performance of the MSCI Colombia IMI 25/50 Index, offering investors exposure to the broad Colombian equity market.

GXG invests primarily in companies that are economically tied to Colombia, including those listed on Colombian exchanges and those with significant operations in the country.

What is the expense ratio for GXG?

The expense ratio for the Global X MSCI Colombia ETF (GXG) is 0.62%. This means that for every $10,000 invested in the fund, $62 is deducted annually to cover operating expenses.

While this expense ratio is higher than some broad market ETFs, it is within the range of other single-country ETFs that focus on specific emerging markets.

What are the top holdings in GXG?

As of 2026-03-15, the top holdings in the Global X MSCI Colombia ETF (GXG) include Grupo Cibest SA (14.78%), Ecopetrol SA (7.71%), and Interconexion Electrica SA ESP (7.55%).

Tecnoglass Inc (5.77%) and Grupo Energia Bogota SA ESP (4.62%) are also among the top allocations.

Is GXG a good long-term investment?

Whether GXG is a suitable long-term investment depends on an individual's investment goals, risk tolerance, and outlook on the Colombian economy. GXG offers targeted exposure to the Colombian equity market, which can provide diversification benefits and potential growth opportunities.

However, it also carries risks associated with emerging markets, such as political and economic instability.

How does GXG compare to similar ETFs?

GXG stands out due to its specific focus on the Colombian equity market, while other emerging market ETFs offer broader regional or global exposure. GXG's expense ratio is 0.62%. In terms of AUM, GXG has $0.10 billion.

Does GXG pay dividends?

Yes, the Global X MSCI Colombia ETF (GXG) distributes dividends. As of 2026-03-15, GXG has a dividend yield of 6.41%. The dividend yield represents the annual dividend payment as a percentage of the fund's share price.

Investors seeking income may find GXG's dividend yield attractive, but it's important to remember that dividend payments can fluctuate and are not guaranteed.