DAX Germany ETF

Fund 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 30 largest and most liquid companies admitted to the FWB Frankfurt Stock Exchange.

Fund 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.

Why DAX?

Efficient Access

DAX offers access to 30 of the largest and most liquid publicly traded companies in Germany, spanning a range of economic sectors.

Targeted Exposure

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

Fund Details As of 10/18/19

Key Facts

Ticker DAX
Inception Date 10/22/14
CUSIP 37954Y491
ISIN US37954Y4917
Bloomberg Index Ticker DAX
Primary Exchange Nasdaq

Stats & Fees

Net Assets $16,051,824
NAV $26.75
Shares Outstanding 600,000
Gross Expense Ratio 0.45%
Net Expense Ratio * 0.20%


30-Day SEC Yield 3.07%
Unsubsidized 30-Day SEC Yield 2.82%
Distribution Frequency Semi-Annually

*Fee waivers are contractual and in effect until at least March 1, 2020

Fund Prices As of 10/18/19

NAV Price
Net Asset Value $26.75 Closing Price $26.80
Daily Change $0.01 0.03% Daily Change $0.07 0.24%

Performance History

Cumulative %

Data as of month end (9/30/19)

Fund NAV Closing Price Index
1 Month 3.00% 2.88% 3.05%
3 Months -4.13% -4.21% -4.04%
6 Months 4.26% 4.10% 4.69%
Since Inception 14.51% 14.37% 19.65%

Avg Annualized %

Data as of month end (9/30/19)

Fund NAV Closing Price Index
1 Year -5.35% -5.09% -4.75%
3 Years 4.00% 3.98% 4.68%
Since Inception 2.78% 2.76% 3.70%

Avg Annualized %

Data as of quarter end (9/30/19)

Fund NAV Closing Price Index
1 Year -5.35% -5.09% -4.75%
3 Years 4.00% 3.98% 4.68%
Since Inception 2.78% 2.76% 3.70%

The Fund was re-organized effective December 24, 2018. Returns presented above reflect the performance of the predecessor Fund through December 21, 2018.

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.

Fund Characteristics As of 10/18/19

Return on Equity 10.00%
Average Market Cap $43,832.00 M
2018 2019
Price-to-earnings 15.53 15.40
Price-to-book value 1.59 1.51

Source: AltaVista Research, LLC

Fund Risk Stats As of 10/18/19

Versus Beta
S&P 500 0.61
MSCI Emg. Mkts 0.65
Standard Deviation 13.60%

Source: AltaVista Research, LLC

Top 10 Holdings

As of 10/18/19
Net Assets % Name Market Price ($) Shares Held Market Value ($)
10.43 SAP SE 129.02 12,975 1,673,997.73
9.41 LINDE PLC 195.89 7,708 1,509,899.41
9.02 ALLIANZ SE-REG 242.95 5,959 1,447,748.05
7.51 SIEMENS AG-REG 111.14 10,852 1,206,073.28
6.04 BASF SE 73.87 13,119 969,044.45
6.03 BAYER AG-REG 72.67 13,326 968,451.10
5.08 DEUTSCHE TELEKOM AG-REG 17.75 45,988 816,166.49
5.03 ADIDAS AG 313.41 2,576 807,340.46
4.02 DAIMLER AG 53.94 11,953 644,778.41
3.48 MUENCHENER RUE-R 276.15 2,025 559,197.85
Holdings are subject to change. Cash, where shown, includes other assets and liabilities, such as payables and receivables.

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. Global X NAVs are calculated using prices as of 4:00 PM Eastern Time. The closing price is the Mid-Point between the Bid and Ask price as of the close of exchange. Closing price returns 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.