| NAV | $28.58 | Daily Change | $0.25 | 0.88% |
| Market Price | $28.25 | Daily Change | -$0.02 | -0.07% |
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
The ETF provides targeted exposure to Germany, the largest economy in Europe by GDP.
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
| Inception Date | 10/22/14 |
| Total Expense Ratio | 0.21% |
| Net Assets | $55.16 million |
| NAV | $28.58 |
| Fact Sheet |
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.
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.
| Ticker | DAX |
| Bloomberg Index Ticker | DAX |
| CUSIP | 37954Y491 |
| ISIN | US37954Y4917 |
| Primary Exchange | Nasdaq |
| Shares Outstanding | 1,930,000 |
| Number of Holdings | 40 |
| 30-Day Median Bid-Ask Spread | 0.35% |
| 30-Day SEC Yield | 2.41% |
| Distribution Frequency | Semi-Annually |
| NAV | $28.58 | Daily Change | $0.25 | 0.88% |
| Market Price | $28.25 | Daily Change | -$0.02 | -0.07% |
|
As of recent (12/31/22)
As of recent (12/31/22)
|
Fund NAV | Market Price | Index |
|---|---|---|---|
| 1 Year | -18.35% | -18.18% | -17.44% |
| 3 Years | -0.55% | -0.47% | 0.04% |
| 5 Years | -1.34% | -1.29% | -0.85% |
| Since Inception | 2.61% | 2.58% | 2.69% |
| 1 Year | -0.44% | 0.82% | 0.32% |
| 3 Years | 7.05% | 6.68% | 7.65% |
| 5 Years | 0.91% | 0.99% | 1.44% |
| Since Inception | 3.68% | 3.66% | 3.77% |
| Year-to-Date | -18.35% | -18.18% | -17.44% |
| 1 Month | 0.19% | -1.91% | 0.24% |
| 3 Months | 25.08% | 26.14% | 25.21% |
| Since Inception | 23.53% | 23.20% | 24.36% |
| Year-to-Date | 9.54% | 9.65% | 9.66% |
| 1 Month | -0.88% | -1.68% | -0.82% |
| 3 Months | 9.76% | 7.55% | 9.92% |
| Since Inception | 35.32% | 35.09% | 36.25% |
The Fund was re-organized effective December 24, 2018. Returns presented above reflect the performance of the predecessor Fund through December 21, 2018.
Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.
| Net Assets (%) | Ticker | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
|---|---|---|---|---|---|---|
| 10.14 | SAP GR | SAP SE | 4846288 | 124.89 | 44,799 | 5,594,813.42 |
| 9.28 | SIE GR | SIEMENS AG-REG | 5727973 | 158.10 | 32,384 | 5,119,963.76 |
| 7.13 | ALV GR | ALLIANZ SE-REG | 5231485 | 225.21 | 17,469 | 3,934,125.26 |
| 6.51 | DTE GR | DEUTSCHE TELEKOM AG-REG | 5842359 | 23.78 | 151,069 | 3,593,003.10 |
| 6.05 | AIR GR | AIRBUS SE | 4012346 | 130.66 | 25,532 | 3,335,978.92 |
| 4.80 | MBG GR | MERCEDES-BENZ GROUP AG | 5529027 | 77.01 | 34,378 | 2,647,600.55 |
| 4.74 | BAYN GR | BAYER AG-REG | 5069211 | 60.92 | 42,956 | 2,616,832.35 |
| 4.05 | IFX GR | INFINEON TECHNOLOGIES AG | 5889505 | 39.08 | 57,128 | 2,232,811.61 |
| 3.75 | MUV2 GR | MUENCHENER RUE-R | 5294121 | 343.80 | 6,011 | 2,066,573.77 |
| 3.57 | BAS GR | BASF SE | 5086577 | 50.50 | 38,996 | 1,969,398.43 |
| 3.47 | DPW GR | DEUTSCHE POST AG-REG | 4617859 | 46.46 | 41,196 | 1,914,063.77 |
| 2.82 | DB1 GR | DEUTSCHE BOERSE AG | 7021963 | 194.12 | 8,021 | 1,556,996.58 |
| 2.57 | BMW GR | BMW AG | 5756029 | 107.63 | 13,176 | 1,418,084.09 |
| 2.27 | RWE GR | RWE AG | 4768962 | 42.43 | 29,500 | 1,251,614.45 |
| 2.17 | VOW3 GR | Volkswagen AG | 5497168 | 133.27 | 8,994 | 1,198,651.51 |
| 2.02 | ADS GR | ADIDAS AG | 4031976 | 154.97 | 7,187 | 1,113,735.72 |
| 1.91 | EOAN GR | E.ON SE | 4942904 | 12.13 | 87,076 | 1,055,889.07 |
| 1.84 | MRK GR | MERCK KGAA | 4741844 | 179.63 | 5,633 | 1,011,862.91 |
| 1.64 | DBK GR | DEUTSCHE BANK-RG | 5750355 | 10.17 | 88,848 | 903,312.67 |
| 1.25 | DTG GR | DAIMLER TRUCK HOLDING AG | BP6VLQ4 | 33.58 | 20,465 | 687,203.41 |
| 1.22 | SHL GR | SIEMENS HEALTHINEERS AG | BD594Y4 | 55.32 | 12,207 | 675,308.57 |
| 1.12 | P911 GR | DR ING HC F PORSCHE AG | BJN59B8 | 125.34 | 4,946 | 619,953.39 |
| 1.06 | SY1 GR | SYMRISE AG | B1JB4K8 | 107.16 | 5,458 | 584,868.50 |
| 1.05 | MTX GR | MTU AERO ENGINES AG | B09DHL9 | 248.40 | 2,321 | 576,540.78 |
| 1.02 | VNA GR | VONOVIA SE | BBJPFY1 | 19.07 | 29,525 | 562,996.45 |
| 0.98 | BEI GR | BEIERSDORF AG | 5107401 | 127.69 | 4,243 | 541,770.67 |
| 0.97 | RHM GR | RHEINMETALL AG | 5334588 | 284.34 | 1,881 | 534,841.71 |
| 0.96 | HEN3 GR | HENKEL AG & CO KGAA | 5076705 | 74.95 | 7,085 | 530,987.29 |
| 0.90 | BNR GR | BRENNTAG SE | B4YVF56 | 73.88 | 6,695 | 494,613.57 |
| 0.87 | HNR1 GR | HANNOVER RUECK SE | 4511809 | 185.24 | 2,600 | 481,623.05 |
| 0.86 | FRE GR | FRESENIUS SE & CO KGAA | 4352097 | 26.32 | 17,953 | 472,545.12 |
| 0.85 | CBK GR | COMMERZBANK AG | B90LKT4 | 10.23 | 45,796 | 468,298.47 |
| 0.83 | QIA GZ | QIAGEN N.V. | BYXS699 | 46.44 | 9,874 | 458,500.62 |
| 0.82 | SRT3 GR | SRT3 | 5843329 | 421.99 | 1,065 | 449,418.47 |
| 0.76 | ENR GR | SIEMENS ENERGY AG | BMTVQK9 | 21.14 | 19,933 | 421,443.80 |
| 0.75 | HEI GR | HEIDELBERGCEMENT AG | 5120679 | 69.78 | 5,954 | 415,490.35 |
| 0.70 | ZAL GR | ZALANDO SE | BQV0SV7 | 38.34 | 10,020 | 384,205.30 |
| 0.68 | PAH3 GR | PAH3 | 7101069 | 56.63 | 6,614 | 374,539.08 |
| 0.61 | CON GR | CONTINENTAL AG | 4598589 | 72.33 | 4,622 | 334,316.97 |
| 0.61 | 1COV GR | COVESTRO AG | BYTBWY9 | 41.11 | 8,125 | 334,018.04 |
| 0.41 | CASH | 1.00 | 223,600 | 223,599.73 | ||
| -0.01 | EURO | 1.09 | -6,112 | -6,655.82 |
| Sector | Weight (%) | |
|---|---|---|
| Industrials | 22.9 | |
| Financials | 18.3 | |
| Consumer Discretionary | 14.2 | |
| Information Technology | 13.3 | |
| Health Care | 11.2 | |
| Communication Services | 6.3 | |
| Materials | 6.3 | |
| Utilities | 4.2 | |
| Consumer Staples | 1.9 | |
| Real Estate | 1.5 |
Source: AltaVista Research, LLC
| Return on Equity | 12.10% | |
| Weighted Avg. Market Cap | 10,103 M | |
| 2022 | 2023 | |
| Price-to-earnings | 11.25 | 11.27 |
| Price-to-book value | 1.40 | 1.33 |
Source: AltaVista Research, LLC
| Versus | Beta |
|---|---|
| S&P 500 | 1.12 |
| MSCI EAFE | 1.25 |
| MSCI Emg. Mkts | 0.94 |
| Standard Deviation | 27.10% |
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.