DAX


DAX Germany ETF

Reasons to Consider DAX

Growth Potential

Rebounding from the pandemic, Germany’s GDP grew at a rate exceeding 1.5% in 2022. While forecasts suggest a slight downturn of 0.29% in 2023, it is expected to continue annual rates of more than 1.5% growth in 2024-2026.1

Targeted Exposure

The ETF provides targeted exposure to Germany, the largest economy in Europe by GDP.

Efficient Access

DAX delivers efficient access to 40 of the largest and most liquid publicly traded companies in Germany, spanning a range of economic sectors.

1Statista, Nov 2022

Key Information As of 05/26/23

Inception Date 10/22/14
Total Expense Ratio 0.21%
Net Assets $57.01 million
NAV $29.38
Fact Sheet

ETF Summary

The Global X DAX Germany ETF (DAX) is the only U.S. listed ETF that seeks to track the premiere German DAX Index, comprised of the 40 largest and most liquid companies admitted to the FWB Frankfurt Stock Exchange.

ETF Objective

The Global X DAX Germany ETF (DAX) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the DAX Index.

Trading Details As of 05/25/23

Ticker DAX
Bloomberg Index Ticker DAX
CUSIP 37954Y491
ISIN US37954Y4917
Primary Exchange Nasdaq
Shares Outstanding 1,940,000
Number of Holdings 40
30-Day Median Bid-Ask Spread 0.53%

Distributions As of 05/26/23

30-Day SEC Yield 2.81%
Distribution Frequency Semi-Annually

ETF Prices As of 05/26/23

NAV $29.38 Daily Change $0.28 0.96%
Market Price $29.41 Daily Change $0.19 0.65%

Performance History

As of recent
(03/31/23)
As of recent
(03/31/23)
Fund NAV Market Price Index
1 Year 5.04% 7.55% 5.87%
3 Years 15.20% 15.52% 15.92%
5 Years 2.13% 2.14% 2.68%
Since Inception 4.15% 4.18% 4.24%
1 Year 17.24% 18.91% 18.19%
3 Years 13.17% 13.34% 13.90%
5 Years 2.36% 2.46% 2.90%
Since Inception 4.52% 4.52% 4.61%
Year-to-Date 14.10% 14.65% 14.27%
1 Month 4.16% 4.56% 4.21%
3 Months 14.10% 14.65% 14.27%
Since Inception 40.95% 41.25% 41.98%
Year-to-Date 18.00% 18.32% 18.29%
1 Month 3.41% 3.20% 3.52%
3 Months 6.77% 6.09% 6.99%
Since Inception 45.76% 45.78% 46.84%

The Fund was re-organized effective December 24, 2018. Returns presented above reflect the performance of the predecessor Fund through December 21, 2018.

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of 05/26/23

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
10.52 SAP GR SAP SE 4846288 131.29 45,668 5,995,850.04
9.59 SIE GR SIEMENS AG-REG 5727973 167.73 32,602 5,468,452.37
7.12 ALV GR ALLIANZ SE-REG 5231485 222.03 18,270 4,056,522.86
6.20 DTE GR DEUTSCHE TELEKOM AG-REG 5842359 22.52 156,821 3,532,291.87
6.15 AIR GY AIRBUS SE 4012346 134.57 26,030 3,502,805.91
4.91 MBG GR MERCEDES-BENZ GROUP AG 5529027 76.48 36,561 2,796,186.53
4.56 BAYN GR BAYER AG-REG 5069211 58.24 44,609 2,597,933.41
3.88 MUV2 GR MUENCHENER RUE-R 5294121 357.56 6,178 2,209,026.87
3.73 IFX GR INFINEON TECHNOLOGIES AG 5889505 36.98 57,424 2,123,661.36
3.66 BAS GR BASF SE 5086577 50.22 41,492 2,083,705.94
3.37 DPW GR DEUTSCHE POST AG-REG 4617859 45.11 42,579 1,920,864.00
2.75 BMW GR BMW AG 5756029 111.83 14,040 1,570,087.14
2.53 DB1 GR DEUTSCHE BOERSE AG 7021963 176.43 8,172 1,441,757.41
2.20 RWE GR RWE AG 4768962 41.76 30,055 1,255,160.64
2.14 VOW3 GR Volkswagen AG 5497168 128.21 9,500 1,217,985.23
2.11 ADS GR ADIDAS AG 4031976 166.41 7,227 1,202,617.36
1.89 EOAN GR E.ON SE 4942904 11.93 90,095 1,074,465.58
1.77 MRK GR MERCK KGAA 4741844 176.80 5,697 1,007,236.43
1.67 DBK GR DEUTSCHE BANK-RG 5750355 10.43 91,020 949,274.00
1.24 SHL GR SIEMENS HEALTHINEERS AG BD594Y4 57.45 12,270 704,858.37
1.10 P911 GR DR ING HC F PORSCHE AG BJN59B8 126.27 4,972 627,820.79
1.10 DTG GR DAIMLER TRUCK HOLDING AG BP6VLQ4 30.40 20,572 625,462.80
1.07 SY1 GR SYMRISE AG B1JB4K8 110.80 5,487 607,969.70
1.05 CASH 1.00 596,364 596,363.92
1.03 HEN3 GR HENKEL AG & CO KGAA 5076705 81.66 7,188 586,982.81
1.01 VNA GR VONOVIA SE BBJPFY1 18.70 30,844 576,859.74
1.00 HNR1 GR HANNOVER RUECK SE 4511809 213.52 2,657 567,325.39
0.99 BEI GR BEIERSDORF AG 5107401 132.86 4,265 566,627.23
0.97 MTX GR MTU AERO ENGINES AG B09DHL9 237.77 2,333 554,715.02
0.94 BNR GR BRENNTAG SE B4YVF56 79.88 6,730 537,621.88
0.92 FRE GR FRESENIUS SE & CO KGAA 4352097 28.64 18,344 525,320.63
0.91 ENR GR SIEMENS ENERGY AG BMTVQK9 25.86 20,038 518,272.22
0.88 RHM GR RHEINMETALL AG 5334588 264.96 1,891 501,041.11
0.84 CBK GR COMMERZBANK AG B90LKT4 10.41 46,039 479,365.50
0.80 QIA GR QIAGEN N.V. BYXS699 45.74 9,926 454,060.57
0.78 HEI GR HEIDELBERG MATERIALS AG 5120679 73.10 6,091 445,234.43
0.68 PAH3 GR PAH3 7101069 58.30 6,649 387,650.72
0.64 SRT3 GR SRT3 5843329 339.69 1,071 363,802.91
0.60 1COV GR COVESTRO AG BYTBWY9 41.56 8,168 339,451.62
0.59 CON GR CONTINENTAL AG 4598589 71.71 4,679 335,509.50
0.54 ZAL GR ZALANDO SE BQV0SV7 30.39 10,073 306,147.60
-0.37 EURO 1.07 -194,403 -208,118.45
Holdings are subject to change. "Cash" denotes U.S. dollars.

Sector Breakdown As of 04/30/23

Sector Weight (%)
Industrials 24.0
Financials 17.8
Information Technology 14.2
Consumer Discretionary 13.5
Health Care 10.4
Communication Services 6.6
Materials 6.1
Utilities 4.4
Consumer Staples 2.0
Real Estate 1.1

Source: AltaVista Research, LLC

ETF Characteristics As of 05/26/23

Return on Equity 12.30%
Weighted Avg. Market Cap 11,168 M
2022 2023
Price-to-earnings 11.51 11.36
Price-to-book value 1.44 1.37

Source: AltaVista Research, LLC

ETF Risk Stats As of 04/30/23

Versus Beta
S&P 500 1.12
NASDAQ-100 0.77
MSCI EAFE 1.27
MSCI Emg. Mkts 0.93
Standard Deviation 24.30%

Source: AltaVista Research, LLC

Investing involves risk, including the possible loss of principal. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Securities focusing on a single country may be subject to higher volatility. DAX is non-diversified.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Beginning October 15, 2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share. Prior to October 15, 2020, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Deutsche Börse AG, nor does Deutsche Börse AG make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with Deutsche Börse AG.

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