DAX


DAX Germany ETF

Reasons to Consider DAX

Growth Potential

Rebounding from the pandemic, Germany is forecasted to exceed 4.5% GDP growth in 2022. Prominent vehicle manufacturers could be well-positioned to serve growing demand for electric vehicles (EVs) in the years ahead.1

Targeted Exposure

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

Efficient Access

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

1Statista, Oct 2021

Key Information As of 12/01/22

Inception Date 10/22/14
Total Expense Ratio 0.20%
Net Assets $45.63 million
NAV $26.37
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 12/01/22

Ticker DAX
Bloomberg Index Ticker DAX
CUSIP 37954Y491
ISIN US37954Y4917
Primary Exchange Nasdaq
Shares Outstanding 1,730,000
Number of Holdings 40
30-Day Median Bid-Ask Spread 0.57%

Distributions As of 12/01/22

30-Day SEC Yield 3.01%
Distribution Frequency Semi-Annually

ETF Prices As of 12/01/22

NAV $26.37 Daily Change $0.64 2.49%
Market Price $26.39 Daily Change $0.18 0.69%

Performance History

As of recent
(09/30/22)
As of recent
(09/30/22)
Fund NAV Market Price Index
1 Year -33.30% -33.95% -32.90%
3 Years -4.81% -5.13% -4.32%
5 Years -5.24% -5.48% -4.79%
Since Inception -0.16% -0.30% 0.59%
1 Year -28.29% -28.51% -27.85%
3 Years -3.50% -3.54% -3.00%
5 Years -3.67% -3.85% -3.16%
Since Inception 1.07% 1.05% 1.83%
Year-to-Date -34.72% -35.14% -34.06%
1 Month -8.03% -9.06% -8.05%
3 Months -11.24% -12.19% -11.20%
Since Inception -1.24% -2.33% 4.80%
Year-to-Date -27.97% -27.75% -27.22%
1 Month 10.33% 11.38% 10.38%
3 Months -4.77% -5.34% -4.73%
Since Inception 8.96% 8.79% 15.68%

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 12/01/22

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
10.03 LIN GR LINDE PLC BYWD9S5 335.51 13,635 4,574,740.46
8.97 SAP GR SAP SE 4846288 111.49 36,713 4,093,210.18
8.20 SIE GR SIEMENS AG-REG 5727973 140.16 26,691 3,741,067.17
6.78 ALV GR ALLIANZ SE-REG 5231485 213.66 14,486 3,095,104.39
5.61 DTE GR DEUTSCHE TELEKOM AG-REG 5842359 20.63 123,993 2,557,588.86
5.30 AIR GR AIRBUS SE 4012346 115.50 20,945 2,419,104.56
4.46 BAYN GR BAYER AG-REG 5069211 57.71 35,277 2,035,730.86
4.16 MBG GR MERCEDES-BENZ GROUP AG 5529027 67.28 28,218 1,898,540.16
3.54 BAS GR BASF SE 5086577 50.19 32,144 1,613,250.53
3.50 MUV2 GR MUENCHENER RUE-R 5294121 319.21 4,996 1,594,763.48
3.47 IFX GR INFINEON TECHNOLOGIES AG 5889505 33.90 46,735 1,584,199.91
3.05 DPW GR DEUTSCHE POST AG-REG 4617859 40.02 34,760 1,391,150.89
2.70 DB1 GR DEUTSCHE BOERSE AG 7021963 186.97 6,585 1,231,221.88
2.38 RWE GR RWE AG 4768962 44.72 24,255 1,084,799.60
2.38 VOW3 GR Volkswagen AG 5497168 146.16 7,416 1,083,925.38
2.21 BMW GR BMW AG 5756029 89.28 11,276 1,006,741.37
1.89 MRK GR MERCK KGAA 4741844 185.14 4,651 861,079.53
1.74 ADS GR ADIDAS AG 4031976 131.00 6,048 792,269.54
1.67 DBK GR DEUTSCHE BANK-RG 5750355 10.39 73,202 760,337.88
1.56 EOAN GR E.ON SE 4942904 9.53 74,701 712,064.77
1.37 VNA GR VONOVIA SE BBJPFY1 24.45 25,611 626,302.70
1.21 DTG GR DAIMLER TRUCK HOLDING AG BP6VLQ4 32.87 16,844 553,659.44
1.21 SY1 GR SYMRISE AG B1JB4K8 115.67 4,769 551,609.88
1.16 SHL GR SIEMENS HEALTHINEERS AG BD594Y4 53.15 9,940 528,265.43
0.96 HEN3 GR HENKEL AG & CO KGAA 5076705 72.19 6,038 435,876.22
0.90 FRE GR FRESENIUS SE & CO KGAA 4352097 27.80 14,785 411,017.45
0.89 HNR1 GR HANNOVER RUECK SE 4511809 192.58 2,110 406,352.18
0.89 QIA GZ QIAGEN N.V. BYXS699 49.97 8,092 404,341.19
0.87 MTX GR MTU AERO ENGINES AG B09DHL9 209.73 1,896 397,646.84
0.84 BEI GR BEIERSDORF AG 5107401 110.79 3,469 384,328.87
0.77 BNR GR BRENNTAG SE B4YVF56 63.53 5,561 353,273.75
0.74 SRT3 GR SRT3 5843329 389.15 869 338,173.78
0.73 PAH3 GR PAH3 7101069 60.34 5,530 333,675.40
0.61 ENR GR SIEMENS ENERGY AG BMTVQK9 16.76 16,648 278,976.77
0.60 HEI GR HEIDELBERGCEMENT AG 5120679 54.26 5,018 272,261.53
0.59 ZAL GR ZALANDO SE BQV0SV7 32.51 8,243 267,963.84
0.58 1COV GR COVESTRO AG BYTBWY9 38.98 6,750 263,102.84
0.50 CON GR CONTINENTAL AG 4598589 59.79 3,823 228,591.84
0.49 FME GR FRESENIUS MEDICA 5129074 31.81 7,065 224,705.54
0.41 PUM GR PUMA SE 5064722 52.64 3,586 188,774.45
0.11 CASH 0.99 48,945 48,647.38
Holdings are subject to change.

Sector Breakdown As of 10/31/22

Sector Weight (%)
Industrials 19.7
Materials 16.5
Financials 15.4
Consumer Discretionary 12.5
Information Technology 11.9
Health Care 10.9
Communication Services 6.0
Utilities 4.0
Consumer Staples 1.8
Real Estate 1.4

Source: AltaVista Research, LLC

ETF Characteristics As of 12/01/22

Return on Equity 14.80%
Weighted Avg. Market Cap 26,213 M
2021 2022
Price-to-earnings 11.33 10.85
Price-to-book value 1.66 1.56

Source: AltaVista Research, LLC

ETF Risk Stats As of 11/30/22

Versus Beta
S&P 500 1.12
MSCI EAFE 1.22
MSCI Emg. Mkts 0.92
Standard Deviation 26.80%

Source: AltaVista Research, LLC

ETF Research

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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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