GREK


MSCI Greece ETF

Fund Summary

The Global X MSCI Greece ETF (GREK) invests in among the largest and most liquid companies in Greece.

Fund Objective

The Global X MSCI Greece ETF (GREK) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Greece Select 25/50 Index.

Why GREK?

Efficient Access

Efficient access to a broad basket of Greek securities.

Targeted Exposure

Targeted single country exposure.

Unique Offering

The first and only ETF to directly target Greece.

Fund Details As of 10/19/20

Key Facts

Ticker GREK
Inception Date 12/07/11
CUSIP 37954Y319
ISIN US37950E3669
Bloomberg Index Ticker M1CXGXA
Primary Exchange NYSE Arca
Number of Holdings 31

Stats & Fees

Net Assets $120,533,396
NAV $19.55
Shares Outstanding 6,165,644
Total Expense Ratio 0.57%

Distributions

30-Day SEC Yield 3.39%
Distribution Frequency Semi-Annually

Fund Prices As of 10/19/20

NAV Price 30-Day Median Bid-Ask Spread
Net Asset Value $19.55 Market Price $19.24 1.32%
Daily Change -$0.01 -0.04% Daily Change -$0.32 -1.64%  

Performance History

Cumulative %

Data as of month-end (09/30/20)

Fund NAV Market Price Index
Year-to-Date -34.04% -34.41% -33.82%
1 Month -3.99% -3.79% -3.98%
3 Months 2.57% 0.15% 2.61%
6 Months 17.79% 16.08% 17.88%
Since Inception -50.34% -50.73% -46.26%

Avg Annualized %

Data as of month-end (09/30/20)

Fund NAV Market Price Index
1 Year -27.08% -27.39% -26.78%
3 Years -8.58% -9.00% -8.16%
5 Years -4.83% -5.05% -4.10%
Since Inception -7.63% -7.72% -6.80%

Avg Annualized %

Data as of quarter-end (09/30/20)

Fund NAV Market Price Index
1 Year -27.08% -27.39% -26.78%
3 Years -8.58% -9.00% -8.16%
5 Years -4.83% -5.05% -4.10%
Since Inception -7.63% -7.72% -6.80%

The Fund's name, investment objective and investment strategies changed effective March 1, 2016. Fund performance prior to March 1, 2016 reflects the investment objective and strategies of the Fund when it was the Global X FTSE Greece 20 ETF, which tracked the FTSE/ATEHX Custom Capped Index. Therefore the Hybrid Greece Index (noted as "Index" above in the chart) consists of the FTSE/ATHEX Custom Capped Index from inception through February 29, 2016 and then the MSCI All Greece Select 25/50 Index thereafter.

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.

Fund Characteristics As of 10/19/20

Return on Equity 2.60%
Weighted Avg. Market Cap 2,152 M
2019 2020
Price-to-earnings 8.90 15.97
Price-to-book value 0.41 0.41

Source: AltaVista Research, LLC

Fund Risk Stats As of 10/19/20

Versus Beta
S&P 500 1.06
MSCI EAFE 1.45
MSCI Emg. Mkts 0.97
Standard Deviation 28.80%

Source: AltaVista Research, LLC

Sector Breakdown As of 09/30/20

% of Net Assets
Consumer Discretionary 22.8
Communication Services 19.8
Financials 16.1
Utilities 12.3
Materials 8.9
Energy 8.8
Industrials 6.5
Real Estate 2.9
Consumer Staples 2.1

Source: AltaVista Research, LLC

Top 10 Holdings As of 10/19/20

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
20.07 HTO GA HELLENIC TELECOM 5051605 14.30 1,691,053 24,189,781.10
5.95 OPAP GA OPAP SA 7107250 9.60 747,128 7,174,781.07
5.72 BELA GA JUMBO SA 7243530 15.49 445,179 6,897,893.02
5.37 GOFPY OPAP SA-UNSPON ADR B3L34N9 4.61 1,404,900 6,476,589.00
4.37 JUMSY JUMBO SA-ADR B955LS7 15.49 340,000 5,268,198.00
4.26 PPC GA PUBLIC POWER CORP 7268298 6.02 853,661 5,139,991.17
4.20 ALPHA GA ALPHA BANK AE BZ1MXR7 0.58 8,702,007 5,065,267.78
4.16 TENERGY GA TERNA ENERGY SA B28XVV2 14.02 357,582 5,013,934.35
4.02 MYTHY MYTILINEOS SA-UNSP ADR B3F2G58 11.38 426,200 4,848,664.30
3.99 ETE GA NATIONAL BANK OF GREECE BG087C6 1.20 4,004,627 4,813,026.75
Holdings are subject to change.

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. Greece’s ability to repay its sovereign debt is in question, and the possibility of default is not unlikely. GREK 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 MSCI, nor does MSCI 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 MSCI.