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 06/12/24

Inception Date 10/22/14
Total Expense Ratio 0.20%
Net Assets $73.88 million
NAV $33.58
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 06/12/24

Ticker DAX
Bloomberg Index Ticker DAX
CUSIP 37954Y491
ISIN US37954Y4917
Primary Exchange Nasdaq
Shares Outstanding 2,200,000
Number of Holdings 41
30-Day Median Bid-Ask Spread 0.41%

Distributions As of 06/12/24

30-Day SEC Yield -0.47%
Distribution Frequency Semi-Annually

ETF Prices As of 06/12/24

NAV $33.58 Daily Change $0.84 2.57%
Market Price $33.31 Daily Change $0.43 1.31%

Performance History

As of recent
(03/31/24)
As of recent
(03/31/24)
Fund NAV Market Price Index
1 Year 16.76% 16.76% 17.62%
3 Years 3.53% 3.62% 4.23%
5 Years 8.42% 8.46% 9.06%
Since Inception 5.41% 5.44% 5.49%
1 Year 19.38% 19.25% 20.25%
3 Years 1.31% 1.35% 2.12%
5 Years 8.30% 8.24% 8.97%
Since Inception 5.33% 5.36% 5.38%
Year-to-Date 7.79% 8.27% 7.93%
1 Month 4.35% 4.11% 4.40%
3 Months 7.79% 8.27% 7.93%
Since Inception 64.57% 64.93% 65.64%
Year-to-Date 7.92% 8.46% 8.52%
1 Month 4.41% 5.15% 4.73%
3 Months 4.48% 4.30% 4.97%
Since Inception 64.76% 65.23% 65.53%

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 06/12/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
13.52 SAP GR SAP SE 4846288 196.77 51,189 10,072,661.66
9.76 SIE GR SIEMENS AG-REG 5727973 193.19 37,638 7,271,445.87
7.42 ALV GR ALLIANZ SE-REG 5231485 281.71 19,608 5,523,769.73
6.39 AIR GR AIRBUS SE 4012346 162.08 29,365 4,759,584.65
5.70 DTE GR DEUTSCHE TELEKOM AG-REG 5842359 24.45 173,599 4,244,547.99
4.66 MUV2 GR MUENCHENER RUE-R 5294121 507.45 6,833 3,467,384.12
3.78 MBG GR MERCEDES-BENZ GROUP AG 5529027 70.31 40,054 2,816,341.00
3.66 IFX GR INFINEON TECHNOLOGIES AG 5889505 41.77 65,252 2,725,823.08
3.02 BAS GR BASF SE 5086577 50.42 44,596 2,248,497.16
2.79 ADS GR ADIDAS AG 4031976 249.93 8,309 2,076,641.61
2.73 DHL GR DHL GROUP 4617859 42.31 48,080 2,034,039.51
2.57 DB1 GR DEUTSCHE BOERSE AG 7021963 201.71 9,494 1,915,030.64
2.17 DBK GR DEUTSCHE BANK-RG 5750355 16.23 99,668 1,617,400.80
1.99 BAYN GR BAYER AG-REG 5069211 30.18 49,088 1,481,633.64
1.96 BMW GR BMW AG 5756029 97.91 14,902 1,459,050.10
1.83 EOAN GR E.ON SE 4942904 13.44 101,438 1,363,334.11
1.68 RWE GR RWE AG 4768962 36.94 33,789 1,248,023.53
1.65 MRK GR MERCK KGAA 4741844 190.75 6,458 1,231,886.60
1.64 VOW3 GR Volkswagen AG 5497168 118.83 10,303 1,224,352.29
1.63 RHM GR RHEINMETALL AG 5334588 557.13 2,176 1,212,311.50
1.61 DTG GR DAIMLER TRUCK HOLDING AG BP6VLQ4 41.71 28,780 1,200,376.41
1.37 VNA GR VONOVIA SE BBJPFY1 29.32 34,762 1,019,250.94
1.16 ENR GR SIEMENS ENERGY AG BMTVQK9 26.06 33,105 862,575.09
1.12 CBK GR COMMERZBANK AG B90LKT4 15.98 52,209 834,215.85
1.11 SHL GR SIEMENS HEALTHINEERS AG BD594Y4 59.60 13,893 827,970.78
1.04 BEI GR BEIERSDORF AG 5107401 158.92 4,888 776,781.98
1.03 SY1 GR SYMRISE AG B1JB4K8 122.47 6,281 769,224.40
1.02 HNR1 GR HANNOVER RUECK SE 4511809 254.05 3,000 762,146.51
1.01 HEN3 GR HENKEL AG & CO KGAA 5076705 92.25 8,136 750,523.87
0.98 HEI GR HEIDELBERG MATERIALS AG 5120679 107.78 6,765 729,137.95
0.92 MTX GR MTU AERO ENGINES AG B09DHL9 255.46 2,689 686,929.29
0.91 FRE GR FRESENIUS SE & CO KGAA 4352097 32.60 20,713 675,177.25
0.82 DFWM4 Index DAX MINI FUTURE JUN24 101,234.45 6 607,406.68
0.81 OTHER PAYABLE & RECEIVABLES 1.00 601,265 601,264.89
0.72 1COV GR COVESTRO AG BYTBWY9 56.60 9,444 534,552.51
0.67 QIA GR QIAGEN N.V. BMHCW17 44.25 11,188 495,035.66
0.64 BNR GR BRENNTAG SE B4YVF56 72.35 6,596 477,239.96
0.60 P911 GR Dr Ing hc F Porsche AG BJN59B8 78.49 5,730 449,762.76
0.51 PAH3 GR PAH3 7101069 49.53 7,711 381,923.98
0.48 CON GR CONTINENTAL AG 4598589 66.02 5,444 359,401.91
0.45 SRT3 GR SRT3 5843329 265.87 1,251 332,606.66
0.41 ZAL GR ZALANDO SE BQV0SV7 25.38 11,972 303,887.53
0.08 CASH 1.00 55,867 55,867.40
0.01 EURO 1.08 4,600 4,990.31
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 05/31/24

Sector Weight (%)
Industrials 25.7
Financials 19.6
Information Technology 16.2
Consumer Discretionary 12.9
Health Care 6.8
Materials 5.9
Communication Services 5.8
Utilities 3.6
Consumer Staples 2.1
Real Estate 1.5

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Multi-Line Insurance 14.8
Packaged Software 13.8
Industrial Conglomerates 10.8
Motor Vehicles 9.2
Major Telecommunications 6.3
Electric Utilities 4.0
Semiconductors 3.9
Chemicals: Major Diversified 3.5
Apparel/Footwear 3.1
Air Freight/Couriers 3.1
Aerospace & Defense 2.9
Other 24.6

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 06/12/24

Return on Equity 12.10%
Weighted Avg. Market Cap 92,823 M
2023 2024
Price-to-earnings 12.94 12.75
Price-to-book value 1.60 1.49

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 05/31/24

Versus Beta
S&P 500 1.09
NASDAQ-100 0.73
MSCI EAFE 1.27
MSCI Emg. Mkts 1.01
Standard Deviation 23.10%

Source: new windowAltaVista 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.