At a glance
ARGT charges 0.59% a year. It has $847.0M in assets; it paid 1.24% of its price in distributions over the past 12 months, semiannual. Over the past year it returned −4.9% with distributions reinvested (S&P 500: +11.5%); over three years it returned +30.0% a year. At its worst it fell 46.0% in the 2020 crash (S&P 500: 33.7%) and 35.1% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 4 months and 6 months after the lows. Its ten largest positions make up 70.7% of the fund, out of 33 in all.
The short version
Global X MSCI Argentina ETF (ARGT) is an index fund that tracks the MSCI All Argentina 25/50 Index. It held 33 positions as of July 31, 2026, mostly US-listed shares of Argentine companies. It is a concentrated bet on one country: MercadoLibre alone was 24.4% of assets, and the 10 largest holdings made up about 71%. It charges 0.59% a year, and its deepest fall was 61.7%.
Price history
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ARGT -4.9% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| ARGT official prospectus, to Dec 31, 2025 | — | +12.26% | — | +26.62% | +19.03% | — |
| ARGT price data to Oct 27, 2026 | -8.9% | -4.9% | +30.0% | +21.8% | +14.6% | +7.8% |
- Over the year to Oct 27, 2026, ARGT returned -4.9%.
- Its 5-year annualized return was +21.8% and its 10-year +14.6%.
- In the 2020 COVID crash it fell 46% and regained its old high 4 months after the low.
- Its worst full calendar year was 2018 (-32.6%); its best was 2024 (+63.5%).
- The deepest fall in its price history was 61.7% (Jan 26, 2018 to Mar 23, 2020), recovered by Jan 9, 2023.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | -8.9% | — |
| 2025 | +11.5% | +12.26% |
| 2024 | +63.5% | +63.25% |
| 2023 | +53.7% | +52.50% |
| 2022 | +11.8% | +12.52% |
| 2021 | +3.9% | +3.48% |
| 2020 | +14.6% | +14.82% |
| 2019 | +14.5% | +14.09% |
| 2018 | -32.6% | -32.49% |
| 2017 | +53.9% | +53.87% |
| 2016 | +28.0% | +28.92% |
| 2015 | -2.8% | — |
| 2014 | -3.6% | — |
| 2013 | +15.0% | — |
| 2012 | -17.7% | — |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 45.5% over that stretch · deepest drop along the way 46%, back to its old high 4 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 6% over that stretch · deepest drop along the way 35.1%, back to its old high 5.9 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.3300 | |
| 2025 | $0.7700 | -33.6% |
| 2024 | $1.1600 | +41.5% |
| 2023 | $0.8200 | -2.4% |
| 2022 | $0.8400 | +180.0% |
| 2021 | $0.3000 | +233.3% |
| 2020 | $0.0900 | -71.9% |
| 2019 | $0.3200 | +3.2% |
| 2018 | $0.3100 | +82.4% |
| 2017 | $0.1700 | +112.5% |
| 2016 | $0.0800 | -50.0% |
| 2015 | $0.1600 | +77.8% |
| 2014 | $0.0900 | -25.0% |
| 2013 | $0.1200 | -33.3% |
| 2012 | $0.1800 |
What's inside
As of Jul 31, 2026, the fund held 33 securities; the ten largest made up 70.66% of assets.
| Holding | Weight | |
|---|---|---|
| MercadoLibre, Inc. | 24.43% | |
| YPF Sociedad Anonima | 9.62% | |
| Grupo Financiero Galicia S.A. | 6.34% | |
| Vista Energy, S.A.B. de C.V. | 6.11% | |
| BANCO MACRO S.A. | 5.01% | |
| Pampa Energia S.A. | 4.44% | |
| Transportadora de Gas del Sur S.A. | 4.00% | |
| Banco BBVA Argentina S.A. | 3.63% | |
| Central Puerto S.A. | 3.54% | |
| United States of America Bonds and notes | 3.53% | |
| Telecom Argentina S.A. | 3.25% | |
| Embotelladora Andina S.A. Preferred stock | 3.23% | |
| FORTUNA MINING CORP. | 2.82% | |
| Arcos Dorados Holdings Inc. | 2.80% | |
| SSR MINING INC. | 2.65% |
By country
United States 93%Chile 7.57%Canada 5.47%By asset type
Stocks 96.76%Bonds and notes 3.53%Preferred stock 3.23%RA 2.51%What changed recently
- Over the three months to Jul 31, 2026, investors added a net $63.7M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +4.09%, -5.67%, +6.69%.
How it works
ARGT is an index fund. Before fees, it tries to match the MSCI All Argentina 25/50 Index rather than beat it. MSCI is independent of Global X, and it picks the stocks and sets their weights. The index aims to cover the broad Argentine stock market. It includes companies MSCI classifies as Argentine. It also includes companies headquartered or listed in Argentina that do most of their business there. That is why the fund owns firms based elsewhere, such as Vista Energy, Chile's Embotelladora Andina and Canada's Fortuna Mining. The index targets at least 25 securities from 20 issuers.
The fund keeps at least 80% of its assets in the index's securities and in depositary receipts. These are certificates, traded on US or other exchanges, that represent shares of a foreign company. The fund generally owns every stock in the index in about the same proportions, but it may hold a sample when buying everything is impractical. The fund is "non-diversified," so a few companies can dominate: MercadoLibre was 24.4% of assets as of July 31, 2026. The fund does not move into safer holdings when markets fall.
The fund can lend out up to one-third of its assets. The fund's value is counted in dollars. If the Argentine peso weakens, or if limits are placed on moving money out of Argentina, the fund's value can fall.
What it really costs
- ARGT charges 0.59% a year.
- Using the prospectus's standard example, $10,000 invested would cost about $60 in the first year and $738 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| ARGT | $60 | $189 | $329 | $738 |
In a retirement portfolio
ARGT is a concentrated single-country stock fund whose price has risen and fallen sharply, so it fits a small slice of a portfolio rather than its core.
ARGT adds concentrated exposure to Argentine stocks, and it behaves like a high-risk holding. The fund launched in 2011, so it has no record from the 2008 crisis. In the 2020 COVID crash it fell 46% in about a month, then recovered by July 2020. In 2022 it dropped 35.1% from April to July and recovered by January 2023. Its worst calendar year was 2018, when it lost 32.49%. Its deepest drop was 61.7%, from January 2018 to March 2020, and it took until January 2023 to recover. Anyone who has to sell shares or draw income during a slump like that could lock in steep losses. Income is modest: the yield was 1.24% as of October 27, 2026, paid twice a year. The fund costs 0.59% a year, or $60 on $10,000 in the first year under the SEC's standard example. Past results don't predict future returns, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want a small, deliberate stake in Argentine companies such as MercadoLibre, YPF and Grupo Financiero Galicia through one US-listed fund.
- Those who can live with large swings: the fund's one-year volatility was 33% as of October 27, 2026, and its deepest fall was 61.7%.
- Patient long-term holders: after the drop from 2018 to 2020, the fund did not get back to its 2018 peak until January 2023.
Look elsewhere if
- Retirees who need steady income: the yield was 1.24% as of October 27, 2026, paid only twice a year.
- Investors who want broad diversification: MercadoLibre was 24.4% of assets and the top 10 holdings about 71% as of July 31, 2026.
- Anyone uneasy about currency risk: a weaker peso or limits on moving money out of Argentina can lower the fund's value in dollars.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
No close alternatives found.
Questions investors ask
Is ARGT good for retirement?
ARGT fits a small, higher-risk slice of a portfolio better than a core role. It is a single-country stock fund. It fell 46% in early 2020 and lost 32.49% in 2018, according to its prospectus. Its deepest drop was 61.7%, from January 2018 to March 2020, and it did not fully recover until January 2023. Its yield was 1.24% as of October 27, 2026, so it adds little income.
What are ARGT's top holdings?
As of July 31, 2026, the largest holdings were MercadoLibre (24.4%), YPF (9.6%), Grupo Financiero Galicia (6.3%), Vista Energy (6.1%) and Banco Macro (5.0%). The fund held 33 positions, and the top 10 made up about 71% of assets. Most holdings are US-listed depositary receipts. The index also counts companies headquartered or listed in Argentina that do most of their business there, which is why some holdings are based in other countries.
Does ARGT pay dividends?
Yes. ARGT pays dividends twice a year. Over the 12 months to October 27, 2026, it paid $1.03 per share, a yield of 1.24%. That is a modest amount of income. Payouts can change from year to year, because they depend on what the underlying companies pay out and on the exchange rate between the Argentine peso and the US dollar.
What is ARGT's expense ratio?
ARGT's expense ratio is 0.59% a year, and all of it is the management fee, according to the prospectus filed February 26, 2026. The SEC's standard example assumes $10,000 invested and a 5% return each year. On that basis, costs would total about $60 after one year, $189 after three years, $329 after five and $738 after ten. Portfolio turnover was 32%. Trading costs from turnover are not included in the expense ratio.
How has ARGT performed over 10 years?
ARGT has returned a lot over 10 years, with deep losses along the way. According to its prospectus, it returned an average of 19.03% a year over the 10 years to December 31, 2025. It returned 26.62% a year over five years and 12.26% over one year. Calendar-year results ranged from a 32.49% loss in 2018 to a 63.25% gain in 2024. Price returns through October 27, 2026 were weaker: down 8.9% year to date, and 14.6% a year over 10 years.