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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 09/10/24

Inception Date 10/22/14
Total Expense Ratio 0.20%
Net Assets $70.41 million
NAV $32.75
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 09/10/24

Ticker DAX
Bloomberg Index Ticker DAX
CUSIP 37954Y491
ISIN US37954Y4917
Primary Exchange Nasdaq
Shares Outstanding 2,150,000
Number of Holdings 41
30-Day Median Bid-Ask Spread 0.37%

Distributions As of 09/10/24

30-Day SEC Yield 2.66%
Distribution Frequency Semi-Annually

ETF Prices As of 09/10/24

NAV $32.75 Daily Change -$0.39 -1.18%
Market Price $32.82 Daily Change -$0.34 -1.03%

Performance History

As of recent
(06/30/24)
As of recent
(06/30/24)
Fund NAV Market Price Index
1 Year 10.20% 9.88% 10.94%
3 Years 1.29% 1.03% 2.00%
5 Years 6.07% 6.04% 6.72%
Since Inception 4.99% 4.97% 5.04%
1 Year 20.07% 19.94% 20.91%
3 Years 3.11% 3.04% 3.84%
5 Years 9.07% 9.00% 9.74%
Since Inception 5.63% 5.59% 5.68%
Year-to-Date 5.04% 5.08% 5.62%
1 Month -2.67% -3.12% -2.68%
3 Months -2.56% -2.94% -2.14%
Since Inception 60.36% 60.08% 61.09%
Year-to-Date 12.40% 12.26% 13.10%
1 Month 4.45% 4.21% 4.49%
3 Months 4.15% 3.50% 4.22%
Since Inception 71.60% 71.01% 72.50%

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 09/10/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
14.64 SAP GR SAP SE 4846288 212.14 49,001 10,395,051.33
9.09 SIE GR SIEMENS AG-REG 5727973 178.89 36,080 6,454,257.67
8.25 ALV GR ALLIANZ SE-REG 5231485 311.70 18,793 5,857,735.92
6.96 DTE GR DEUTSCHE TELEKOM AG-REG 5842359 28.77 171,797 4,942,232.53
5.71 AIR GR AIRBUS SE 4012346 143.74 28,224 4,056,922.07
4.80 MUV2 GR MUENCHENER RUE-R 5294121 531.07 6,416 3,407,313.71
3.05 MBG GR MERCEDES-BENZ GROUP AG 5529027 61.04 35,459 2,164,397.26
2.93 DB1 GR DEUTSCHE BOERSE AG 7021963 228.29 9,109 2,079,510.80
2.90 DHL GR DHL GROUP 4617859 43.10 47,763 2,058,691.02
2.82 BAS GR BASF SE 5086577 46.82 42,796 2,003,505.96
2.77 IFX GR INFINEON TECHNOLOGIES AG 5889505 31.42 62,624 1,967,845.75
2.59 ADS GR ADIDAS AG 4031976 230.39 7,975 1,837,322.75
2.12 DBK GR DEUTSCHE BANK-RG 5750355 15.75 95,616 1,505,650.96
2.03 EOAN GR E.ON SE 4942904 14.84 97,296 1,443,987.09
2.02 BAYN GR BAYER AG-REG 5069211 30.43 47,085 1,432,611.23
1.75 VNA GR VONOVIA SE BBJPFY1 36.90 33,602 1,239,883.85
1.67 RWE GR RWE AG 4768962 36.48 32,405 1,182,148.22
1.65 RHM GR RHEINMETALL AG 5334588 563.02 2,086 1,174,453.79
1.64 MRK GR MERCK KGAA 4741844 187.64 6,192 1,161,840.00
1.53 BMW GR BMW AG 5756029 76.00 14,295 1,086,445.83
1.36 VOW3 GR Volkswagen AG 5497168 97.69 9,883 965,422.13
1.28 DTG GR DAIMLER TRUCK HOLDING AG BP6VLQ4 32.91 27,596 908,201.23
1.23 ENR GR SIEMENS ENERGY AG BMTVQK9 27.46 31,731 871,229.40
1.13 HNR1 GR HANNOVER RUECK SE 4511809 279.97 2,872 804,062.54
1.12 SY1 GR SYMRISE AG B1JB4K8 132.49 6,020 797,594.78
1.09 MTX GR MTU AERO ENGINES AG B09DHL9 300.46 2,576 773,983.54
1.04 FRE GR FRESENIUS SE & CO KGAA 4352097 37.33 19,838 740,528.91
1.03 SHL GR SIEMENS HEALTHINEERS AG BD594Y4 54.95 13,312 731,447.91
0.97 HEN3 GR HENKEL AG & CO KGAA 5076705 88.72 7,795 691,545.27
0.93 CBK GR COMMERZBANK AG B90LKT4 13.88 47,362 657,508.40
0.91 BEI GR BEIERSDORF AG 5107401 140.15 4,627 648,466.19
0.91 HEI GR HEIDELBERG MATERIALS AG 5120679 99.91 6,483 647,721.42
0.85 DFWU4 Index DAX MINI FUTURE SEP24 100,830.75 6 604,984.52
0.80 OTHER PAYABLE & RECEIVABLES 1.00 565,166 565,166.39
0.78 1COV GR COVESTRO AG BYTBWY9 60.93 9,038 550,678.60
0.69 QIA GR QIAGEN N.V. BMHCW17 45.72 10,705 489,480.61
0.61 BNR GR BRENNTAG SE B4YVF56 70.67 6,163 435,533.79
0.53 P911 GR Dr Ing hc F Porsche AG BJN59B8 71.86 5,266 378,409.80
0.47 SRT3 GR SRT3 5843329 276.77 1,201 332,401.80
0.44 PAH3 GR PAH3 7101069 42.29 7,313 309,243.99
0.42 CON GR CONTINENTAL AG 4598589 57.95 5,154 298,697.02
0.38 ZAL GR ZALANDO SE BQV0SV7 23.82 11,315 269,532.40
0.13 CASH 1.00 92,613 92,613.19
-0.01 EURO 1.10 -4,509 -4,968.18
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 08/31/24

Sector Weight (%)
Industrials 24.4
Financials 19.9
Information Technology 17.9
Consumer Discretionary 11.4
Health Care 6.9
Communication Services 6.7
Materials 5.8
Utilities 3.5
Consumer Staples 1.9
Real Estate 1.6

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Capital Goods 15.1
Software & Services 15.1
Insurance 14.2
Materials 12.7
Telecommunication Services 6.9
Automobiles & Components 6.4
Pharmaceuticals, Biotechnology & Life Sciences 4.4
Utilities 3.6
Semiconductors & Semiconductor Equipment 3.2
Banks 3.2
Transportation 2.9
Other 12.3

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 09/10/24

Return on Equity 11.90%
Weighted Avg. Market Cap 101,538 M
2023 2024
Price-to-earnings 12.87 12.87
Price-to-book value 1.59 1.48

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 08/31/24

Versus Beta
S&P 500 1.08
NASDAQ-100 0.72
MSCI EAFE 1.28
MSCI Emg. Mkts 1.06
Standard Deviation 23.40%

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.