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DAX

DAX Germany ETF

 

Reasons to Consider DAX

Growth Potential

GDP growth is slowing in Germany, but companies in the DAX Index rely heavily on export markets and could see potential near-term tailwinds from a resilient U.S. economy and euro weakness.

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.

Key Information As of 12/13/24

Inception Date 10/22/14
Total Expense Ratio 0.20%
Net Assets $71.01 million
NAV $34.81
Fact Sheet View the document

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 12/12/24

Ticker DAX
Bloomberg Index Ticker DAXNRUS
CUSIP 37954Y491
ISIN US37954Y4917
Primary Exchange Nasdaq
Shares Outstanding 2,040,000
Number of Holdings 41
30-Day Median Bid-Ask Spread 0.37%

Distributions As of 12/13/24

30-Day SEC Yield 2.53%
Distribution Frequency Semi-Annually

ETF Prices As of 12/13/24

NAV $34.81 Daily Change $0.02 0.06%
Market Price $34.83 Daily Change $0.13 0.37%

Performance History

As of recent
(09/30/24)
As of recent
(09/30/24)
Fund NAV Market Price Index
1 Year 31.43% 32.33% 32.39%
3 Years 6.10% 6.17% 6.84%
5 Years 9.08% 9.12% 9.74%
Since Inception 5.90% 5.91% 5.95%
1 Year 16.35% 16.84% 17.16%
3 Years 6.10% 6.03% 6.84%
5 Years 6.63% 6.74% 7.27%
10 Years 4.48% 4.57% 5.24%
Since Inception 5.38% 5.42% 5.44%
Year-to-Date 15.83% 16.16% 16.55%
1 Month 3.05% 3.48% 3.06%
3 Months 10.28% 10.55% 10.35%
Since Inception 76.84% 76.96% 77.77%
Year-to-Date 11.28% 12.00% 12.02%
1 Month 0.06% 0.33% 0.09%
3 Months -1.00% -0.24% -0.95%
Since Inception 69.88% 70.61% 70.86%

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 12/13/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
16.20 SAP GR SAP SE 4846288 252.84 45,891 11,602,955.33
9.62 SIE GR SIEMENS AG-REG 5727973 200.74 34,332 6,891,751.62
7.91 ALV GR ALLIANZ SE-REG 5231485 316.87 17,878 5,665,048.35
7.13 DTE GR DEUTSCHE TELEKOM AG-REG 5842359 31.26 163,488 5,110,178.94
6.30 AIR GR AIRBUS SE 4012346 167.99 26,858 4,511,923.14
4.62 MUV2 GR MUENCHENER RUE-R 5294121 542.70 6,105 3,313,187.82
2.88 IFX GR INFINEON TECHNOLOGIES AG 5889505 34.63 59,617 2,064,815.02
2.83 DB1 GR DEUTSCHE BOERSE AG 7021963 233.80 8,668 2,026,576.18
2.67 ADS GR ADIDAS AG 4031976 251.74 7,593 1,911,430.91
2.66 BAS GR BASF SE 5086577 46.79 40,740 1,906,068.62
2.66 MBG GR MERCEDES-BENZ GROUP AG 5529027 59.29 32,140 1,905,718.81
2.35 DHL GR DHL GROUP 4617859 37.05 45,472 1,684,607.44
2.28 DBK GR DEUTSCHE BANK-RG 5750355 17.90 91,061 1,629,848.44
2.17 ENR GR SIEMENS ENERGY AG BMTVQK9 51.27 30,248 1,550,821.54
1.79 RHM GR RHEINMETALL AG 5334588 646.12 1,986 1,283,198.72
1.65 EOAN GR E.ON SE 4942904 12.43 95,190 1,183,659.66
1.60 BMW GR BMW AG 5756029 84.08 13,612 1,144,494.24
1.46 VNA GR VONOVIA SE BBJPFY1 32.56 32,022 1,042,567.37
1.43 DTG GR DAIMLER TRUCK HOLDING AG BP6VLQ4 39.01 26,292 1,025,613.59
1.32 RWE GR RWE AG 4768962 30.71 30,873 948,164.89
1.30 BAYN GR BAYER AG-REG 5069211 20.73 44,846 929,489.77
1.22 MRK GR MERCK KGAA 4741844 148.05 5,899 873,359.89
1.21 VOW3 GR Volkswagen AG 5497168 92.32 9,415 869,231.89
1.16 MTX GR MTU AERO ENGINES AG B09DHL9 338.69 2,458 832,499.32
1.13 HEI GR HEIDELBERG MATERIALS AG 5120679 131.22 6,153 807,380.37
1.05 CBK GR COMMERZBANK AG B90LKT4 15.84 47,531 753,063.58
1.03 HNR1 GR HANNOVER RUECK SE 4511809 268.10 2,745 735,931.11
0.99 SHL GR SIEMENS HEALTHINEERS AG BD594Y4 56.12 12,630 708,746.77
0.97 FRE GR FRESENIUS SE & CO KGAA 4352097 36.55 18,921 691,641.16
0.92 HEN3 GR HENKEL AG & CO KGAA 5076705 89.49 7,399 662,152.22
0.90 DFWZ4 Index DAX MINI FUTURE DEC24 106,998.26 6 641,989.55
0.87 SY1 GR SYMRISE AG B1JB4K8 108.77 5,739 624,236.19
0.79 BEI GR BEIERSDORF AG 5107401 130.80 4,302 562,692.11
0.75 OTHER PAYABLE & RECEIVABLES 1.00 535,164 535,164.09
0.73 1COV GR COVESTRO AG BYTBWY9 60.73 8,576 520,831.57
0.65 QIA GR QIAGEN N.V. BMHCW17 45.78 10,155 464,888.06
0.54 ZAL GR ZALANDO SE BQV0SV7 36.23 10,732 388,809.58
0.52 BNR GR BRENNTAG SE B4YVF56 64.07 5,844 374,406.34
0.48 CON GR CONTINENTAL AG 4598589 69.90 4,890 341,804.53
0.44 P911 GR Dr Ing hc F Porsche AG BJN59B8 63.67 4,991 317,768.05
0.38 SRT3 GR SRT3 5843329 239.04 1,135 271,315.22
0.37 PAH3 GR PAH3 7101069 37.77 6,939 262,092.12
0.11 CASH 1.00 76,436 76,436.23
0.00 EURO 1.05 -1,389 -1,457.10
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 11/30/24

Sector Weight (%)
Financials 20.2
Industrials 19.2
Information Technology 18.9
Materials 12.2
Consumer Discretionary 9.7
Communication Services 7.7
Health Care 5.7
Utilities 3.3
Consumer Staples 1.7
Real Estate 1.6

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Capital Goods 17.4
Software & Services 16.7
Insurance 14.4
Materials 12.7
Telecommunication Services 8.0
Automobiles & Components 5.2
Banks 3.5
Utilities 3.5
Pharmaceuticals, Biotechnology & Life Sciences 3.4
Financial Services 3.1
Semiconductors & Semiconductor Equipment 3.0
Other 9.1

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 12/13/24

Return on Equity 11.60%
Weighted Avg. Market Cap 106,093 M
2023 2024
Price-to-earnings 14.32 14.69
Price-to-book value 1.76 1.65

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 11/30/24

Versus Beta
S&P 500 1.08
NASDAQ-100 0.72
MSCI EAFE 1.26
MSCI Emg. Mkts 1.01
Standard Deviation 23.00%

Source: new windowAltaVista Research, LLC

ETF Documents

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.