Global X MSCI SuperDividend® EAFE ETF

Global X MSCI SuperDividend® EAFE ETF (EFAS) tracks the MSCI EAFE Top 50 Dividend Index. That index holds 50 of the highest-yielding stocks in developed markets outside North America, each in roughly equal amounts. Its main draw is income: a 4.93% trailing 12-month yield as of October 27, 2026, paid monthly. The trade-offs are a 0.55% expense ratio, well above the 0.33% average of similar funds, and a heavy tilt toward European banks and insurers.

• Over the year to Oct 27, 2026, EFAS returned +23.7%, 1st of 7 among similar funds.
• Its 5-year annualized return was +14.0%.
• In the 2020 COVID crash it fell 42.9% and regained its old high 11.1 months after the low.
• Its worst full calendar year was 2018 (-11.7%); its best was 2025 (+46.6%).
• The deepest fall in its price history was 44.4% (Jan 26, 2018 to Mar 23, 2020), recovered by Apr 5, 2021.

As of Jul 31, 2026, the fund held 50 securities; the ten largest made up 22.95% of assets.

• Over the three months to Jul 31, 2026, investors added a net $2.7M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +7.13%, -1.42%, +0.03%.

EFAS is an index fund. It invests at least 80% of its assets in the stocks of the MSCI EAFE Top 50 Dividend Index. The index starts with the MSCI EAFE Index, which weights large companies in Europe, Australasia and the Far East by market value. MSCI then applies fixed rules to pick 50 of the highest-yielding stocks. As of December 31, 2025, companies from 21 developed countries were eligible, and they could be large, mid-sized or small.

The index gives every stock the same weight and rebalances once a year. Each holding starts near 2%, and the top 10 made up 22.95% of assets as of July 31, 2026. Between rebalances, winners grow and losers shrink. The annual reset then trims the winners and adds to the laggards. Portfolio turnover was 34.85%.

Global X generally holds every index stock in about the same proportions. It may use a representative sample when buying every stock is impractical or costly. It does not try to beat the index or move to cash when markets fall. The fund also held a small MSCI EAFE futures position, 0.6% of assets as of July 31, 2026. It concentrates in an industry when the index does, and the index had significant exposure to financials as of December 31, 2025.

• EFAS charges 0.55% a year, versus an average of 0.33% for the similar funds below (7th of 7, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $56 in the first year and $689 over 10 years (assuming a 5% annual return).

EFAS pays monthly from a basket of high-yielding foreign stocks, though its price swings like a stock fund's.

EFAS could add monthly income from foreign dividend payers. Its trailing 12-month yield was 4.93% as of October 27, 2026. It costs 0.55% a year, above the 0.33% peer average, or $56 in the first year on $10,000 in the SEC's standard example. The fund launched in 2016, so it has no 2008 record. It fell 42.9% in the 2020 COVID crash and took about 11 months to recover. It fell 28.8% in the 2022 bear market and needed about 14 months. Its worst calendar year was 2018, a loss of 11.08%. Its deepest drop, 44.4%, ran from January 2018 to March 2020. Someone drawing income in a year like 2020 might have to sell shares at low prices. High-yield companies can also cut dividends under stress. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by closest holdings overlap from the latest N-PORT reports (no similar fund shares 20% or more of its holdings).