At a glance
GLBL charges 0.65% a year, above the 0.07% average of the 8 funds most like it (the most expensive of 9). It has $1.1M in assets, the 9th largest of that group; it paid 0.74% of its price in distributions over the past 12 months, semiannual. Over the past year it returned +11.8% with distributions reinvested (S&P 500: +11.5%), 7th of those 9 funds. Its ten largest positions make up 39.9% of the fund, out of 361 in all.
The short version
Pacer MSCI World Industry Advantage ETF (GLBL) tracks the MSCI World Ricardo Comparative Advantage Select Index, which, for each of 25 industry groups, holds stocks from the country most overrepresented in that industry. That rules-based tilt toward national specialties still left 85% of its $1.1 million in assets in US stocks as of July 31, 2026. It charges 0.65% a year, versus a 0.07% average for funds with overlapping holdings.
Price history
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GLBL +11.8% 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 | |
|---|---|---|---|---|---|---|
| GLBL official prospectus, to Dec 31, 2025 | — | +19.94% | — | — | — | +19.96% |
| GLBL price data to Oct 27, 2026 | +12.6% | +11.8% | — | — | — | +18.3% |
- Over the year to Oct 27, 2026, GLBL returned +11.8%, 7th of 9 among similar funds.
- Its worst full calendar year was 2025 (+20.1%); its best was 2025 (+20.1%).
- The deepest fall in its price history was 19.7% (Feb 14, 2025 to Apr 8, 2025), recovered by Jun 24, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +12.6% | — |
| 2025 | +20.1% | +19.94% |
| 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 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.0200 | |
| 2025 | $0.2100 |
What's inside
As of Jul 31, 2026, the fund held 361 securities; the ten largest made up 39.88% of assets. It also reported 3.31% in a money-market fund, most likely cash collateral from lending out shares rather than uninvested money.
| Holding | Weight | |
|---|---|---|
| Microsoft Corp | 5.50% | |
| Amazon.com Inc | 5.15% | |
| Apple Inc | 5.08% | |
| Alphabet Inc | 4.53% | |
| NVIDIA Corp | 4.48% | |
| Broadcom Inc | 4.18% | |
| Alphabet Inc | 3.96% | |
| Meta Platforms Inc | 2.92% | |
| Micron Technology Inc | 2.23% | |
| Advanced Micro Devices Inc | 1.85% | |
| Berkshire Hathaway Inc | 1.71% | |
| Visa Inc | 1.49% | |
| Walmart Inc | 1.16% | |
| Mastercard Inc | 1.14% | |
| Cisco Systems Inc | 1.10% |
By country
United States 85.12%Canada 4.78%Japan 4.68%Switzerland 2.39%Ireland 0.73%By asset type
Stocks 99.9%By sector
Sectors of the companies held, for the 79.6% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jul 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jul 31, 2026, investors withdrew a net $4K (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +6.76%, -2.32%, -0.61%.
How it works
GLBL is a passive index fund tracking the MSCI World Ricardo Comparative Advantage Select Index, run by MSCI Index Metrics. The name nods to comparative advantage: the idea that countries specialize in what they do relatively well. The index sorts MSCI World Index stocks into 25 standard industry groups. For each group, it picks the country with the highest "active weight," meaning that country's share of the industry most exceeds its overall share of the index.
Only stocks averaging at least $5 million in daily trading over three months qualify. Qualifying stocks are grouped by country, with each group weighted by its free-float market value (shares available to the public) times the country's gross domestic product. Single stocks are capped at 5%, a limit that can loosen in 1% steps up to 10% if needed. The index adds, drops and reweights stocks each quarter, in February, May, August and November, and had 369 stocks as of June 30, 2026.
The fund uses replication, meaning it aims to own every stock in the index, and employs no leverage or options. It is non-diversified, so a few companies can carry large weights, and it concentrates in an industry when the index does. The prospectus expects heavy technology exposure and reported 32% portfolio turnover (the share of holdings replaced over a year).
What it really costs
- GLBL charges 0.65% a year, versus an average of 0.07% for the similar funds below (9th of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $66 in the first year and $810 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| GLBL | $66 | $208 | $362 | $810 |
In a retirement portfolio
Its tech-heavy, mostly US holdings, 0.65% fee, roughly two-year record and tiny $1.1 million asset base suit a small side position more than a portfolio's core.
Launched in September 2024, GLBL has no record through the 2008, 2020 or 2022 downturns. Its only full calendar year, 2025, returned 19.94%. Its deepest drop, 19.7% from February 14 to April 8, 2025, took about 2.5 months to recover, by June 24, 2025. Cashing out near that low would have locked in a loss. With 85% in US stocks as of July 31, 2026, and 61% holdings overlap with VOO, it may add little diversification beyond an S&P 500 fund.
Income is minor: a 0.74% yield over the 12 months to October 27, 2026, paid twice a year. Its 0.65% fee compares with 0.03% for VOO; the SEC's standard example, assuming 5% annual returns, shows $66 in expenses on $10,000 after one year and $810 after 10 years. Past results don't predict future ones, and a plan should consider the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want a rules-based tilt toward each country's standout industries while still holding mostly large US companies like Microsoft, Amazon and Apple.
- Investors comfortable with heavy technology exposure: technology stocks were 37.7% of assets and communication services 13.2% as of July 31, 2026.
- Long-term holders seeking a small satellite position who can sit through drops like the 19.7% slide from February to April 2025.
Look elsewhere if
- Cost-focused investors: its 0.65% expense ratio ranks 9th of 9 among overlapping funds, while VOO and IVV charge 0.03% and share 61% of holdings.
- Investors seeking true global diversification: despite the "World" name, 85% of assets were in US stocks as of July 31, 2026.
- Anyone wary of tiny funds: it held about $1.1 million as of July 31, 2026, which can mean thin trading and higher closure risk.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| GLBL this fund | — | 0.65% | $1.1M | +11.8% | — |
| XVV iShares ESG Select Screened S&P 500 ETF | 64% | 0.08% | $644.9M | +12.4% | +24.9% |
| SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF | 63% | 0.2% | $2.74B | +12.6% | +24.8% |
| USPX Franklin U.S. Equity Index ETF | 62% | 0.03% | $1.98B | +12.9% | +24.9% |
| SPXV ProShares S&P 500 Ex-Health Care ETF | 62% | 0.09% | $41.1M | +12.3% | +26.2% |
| SPY SPDR S&P 500 ETF Trust | 61% | 0.0945% | $781.19B | +11.5% | +21.9% |
| BKLC BNY Mellon US Large Cap Core Equity ETF | 61% | 0% | $5.47B | +13.4% | +25.4% |
| IVV iShares Core S&P 500 ETF | 61% | 0.03% | $888.13B | +11.5% | +22.0% |
Questions investors ask
What does the GLBL ETF invest in?
GLBL invests in stocks picked by the MSCI World Ricardo Comparative Advantage Select Index. For each of 25 industry groups, the index chooses the country most overrepresented in that industry, then weights country groups by market value times GDP. As of July 31, 2026, the fund had 361 holdings, with 85% of assets in US companies. Microsoft, Amazon, Apple, Alphabet and NVIDIA led, and the top 10 holdings made up about 40% of assets.
What is GLBL's expense ratio?
GLBL's expense ratio is 0.65%, all of it management fee, according to the prospectus filed August 27, 2026. That puts it 9th of 9 on cost in a group of funds with overlapping holdings; the other eight average 0.07%. In the SEC's standard example, $10,000 invested with 5% annual returns would cost about $66 after one year, $362 after five years and $810 after 10 years.
GLBL vs VOO: what's the difference?
The main differences are method, cost and size. VOO tracks the S&P 500, a broad index of large US companies, and charges 0.03%. GLBL follows MSCI's country-and-industry rules, charges 0.65% and holds some stocks from Canada, Japan and Switzerland. They still share about 61% of holdings. Over one year, GLBL returned 11.8% through October 27, 2026, and VOO 12.4% through October 30, 2026. GLBL is also tiny, with about $1.1 million in assets as of July 31, 2026.
Does GLBL pay dividends?
Yes, but the payouts are small. GLBL pays dividends semiannually, or twice a year. Over the 12 months to October 27, 2026, it paid about $0.21 per share, a trailing yield of 0.74%. The low payout fits a portfolio led by technology stocks, which made up 37.7% of assets as of July 31, 2026. The fund does not use options or other strategies to boost its income.
How has GLBL performed since launch?
GLBL has posted gains over its short life. Its prospectus shows a 19.94% return in 2025, its first full calendar year, and a 19.96% average annual return from its September 2024 launch through December 31, 2025. Based on prices, it gained 11.8% over the year to October 27, 2026. Its strongest quarter rose 14.33% and its weakest fell 5.6%, both in 2025. Its deepest drop was 19.7%, from February to April 2025. Past results don't predict future returns.