GREK


MSCI Greece ETF

Reasons to Consider GREK

Growth Potential

Greece's GDP is projected to grow 2.9% in 2024 versus 1.3% in the European Union. 1, 2

Targeted Exposure

The ETF targets exposure to a single country.

Unique Offering

GREK is the first and only ETF to directly target Greece.

1Reuters, November 2023
2Financial Times, November 2023

Key Information As of 06/13/24

Inception Date 12/07/11
Total Expense Ratio 0.57%
Net Assets $198.75 million
NAV $40.93
Fact Sheet View the document

ETF Summary

The Global X MSCI Greece ETF (GREK) invests in among the largest and most liquid companies in Greece.

ETF Objective

The Global X MSCI Greece ETF (GREK) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Greece Select 25/50 Index.

Trading Details As of 06/13/24

Ticker GREK
Bloomberg Index Ticker M1CXGXA
CUSIP 37954Y319
ISIN US37954Y3190
Primary Exchange NYSE Arca
Shares Outstanding 4,855,644
Number of Holdings 31
30-Day Median Bid-Ask Spread 0.33%

Distributions As of 06/13/24

30-Day SEC Yield 1.64%
Distribution Frequency Semi-Annually

ETF Prices As of 06/13/24

NAV $40.93 Daily Change -$0.67 -1.61%
Market Price $40.68 Daily Change -$0.82 -1.98%

Performance History

As of recent
(03/31/24)
As of recent
(03/31/24)
Fund NAV Market Price Index
1 Year 35.71% 35.25% 36.74%
3 Years 17.73% 17.74% 18.40%
5 Years 13.60% 13.47% 14.20%
10 Years -3.87% -3.86% -3.19%
Since Inception 0.77% 0.74% 1.59%
1 Year 23.33% 24.27% 24.25%
3 Years 15.78% 16.21% 15.93%
5 Years 11.42% 11.30% 12.01%
10 Years -2.86% -2.86% -2.18%
Since Inception 0.93% 0.96% 1.75%
Year-to-Date 7.81% 7.99% 8.01%
1 Month -0.84% -0.27% -0.76%
3 Months 7.81% 7.99% 8.01%
Since Inception 9.92% 9.51% 21.51%
Year-to-Date 10.04% 11.12% 10.35%
1 Month 0.37% 1.86% 0.43%
3 Months 1.21% 2.62% 1.39%
Since Inception 12.19% 12.69% 24.13%

The Fund's name, investment objective and investment strategies changed effective March 1, 2016. Fund performance prior to March 1, 2016 reflects the investment objective and strategies of the Fund when it was the Global X FTSE Greece 20 ETF, which tracked the FTSE/ATEHX Custom Capped Index. Therefore the Hybrid Greece Index (noted as "Index" above in the chart) consists of the FTSE/ATHEX Custom Capped Index from inception through February 29, 2016 and then the MSCI All Greece Select 25/50 Index thereafter.

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 06/13/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
12.65 ETE GA NATIONAL BANK OF GREECE BG087C6 8.59 2,924,601 25,132,453.07
11.19 EUROB GA EUROBANK ERGASIA BYZ43T4 2.31 9,608,554 22,231,385.85
7.30 MYTIL GA MYTILINEOS S.A. 5898664 38.60 375,995 14,515,242.47
6.99 TPEIR GA Piraeus Financial BNC0DB0 4.05 3,427,727 13,882,519.57
6.89 ALPHA GA ALPHA SERVICES A BZ1MXR7 1.74 7,860,745 13,695,636.53
4.57 OPAP GA OPAP SA 7107250 16.07 565,486 9,087,928.56
4.49 BELA GA JUMBO SA 7243530 28.33 315,139 8,927,546.59
4.48 HTO GA HELLENIC TELECOM 5051605 14.74 604,083 8,901,371.68
4.29 PPC GA PUBLIC POWER CORP 7268298 11.82 721,302 8,523,107.93
4.13 MOH GA MOTOR OIL (HELLAS) SA 5996234 27.06 303,080 8,200,704.02
3.62 TITC GA TITAN CEMENT INT BJ8PD99 33.01 218,102 7,200,528.12
3.14 TENERGY GA TERNA ENERGY SA B28XVV2 20.21 308,936 6,242,744.74
2.96 GEKTERNA GA GEK TERNA SA 4421704 17.75 331,004 5,875,768.46
2.47 ELPE GA HELLENiQ ENERGY 5475658 8.90 551,638 4,908,043.99
2.28 TNP TSAKOS ENERGY NA BMX5PY4 29.78 151,965 4,525,517.70
2.02 OPTIMA GA OPTIMA BANK SA BL571C1 12.99 309,283 4,017,700.70
1.75 LAMDA GA LAMDA DEVELOPMENT SA 4248947 7.11 489,194 3,477,757.38
1.63 AEGN GA AEGEAN AIRLINES B1ZBHG9 12.43 259,861 3,230,138.46
1.63 SAR GA SARANTIS SA 7124958 12.04 268,208 3,229,890.17
1.50 AIA GA ATHENS INTL APT BPYS8N3 8.74 342,075 2,988,983.39
1.34 EXAE GA HELLENIC EXCHANG 4108278 5.44 490,402 2,667,582.35
1.26 EYDAP GA EYDAP WATER 5860191 6.18 404,548 2,501,244.66
1.21 ADMIE GA HOLDING CO ADMIE IPTO SA BYW5KK0 2.32 1,039,340 2,412,565.65
1.19 CPLP CAPITAL PRODUCT BHHMZ24 17.42 136,087 2,370,635.54
1.12 OTOEL GA AUTOHELLAS SA BDZTGG0 12.47 178,283 2,223,784.59
1.10 ELLAKTOR GA ELLAKTOR SA 4205351 2.57 846,904 2,180,250.07
1.07 INLOT GA INTRALOT S.A. 5799284 1.19 1,778,730 2,122,873.00
0.94 INKAT GA INTRAKAT SA TECH BYXD0G9 5.42 346,088 1,875,118.64
0.86 PPA GA PIRAEUS PORT AUTHORITY SA 7648629 27.31 62,338 1,702,178.31
0.00 EURO 1.08 4,687 5,048.89
0.00 FFGRP GA FF GROUP B681D63 0.00 452,712 4.88
0.00 FLLIY FOLLI FOLLIE-ADR B9N6VK4 0.00 198,300 1.98
-0.03 CASH 1.00 -49,004 -49,003.60
-0.03 OTHER PAYABLE & RECEIVABLES 1.00 -58,335 -58,334.67
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 05/31/24

Sector Weight (%)
Financials 41.1
Industrials 18.2
Consumer Discretionary 10.2
Utilities 10.0
Energy 8.1
Communication Services 5.4
Materials 3.6
Real Estate 1.8
Consumer Staples 1.6

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Regional Banks 27.4
Major Banks 14.5
Other Metals/Minerals 8.6
Oil Refining/Marketing 7.8
Electric Utilities 6.5
Specialty Stores 5.2
Casinos/Gaming 5.2
Specialty Telecommunications 5.1
Engineering & Construction 4.8
Alternative Power Generation 3.5
Marine Shipping 2.7
Other 8.7

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 06/13/24

Return on Equity 14.20%
Weighted Avg. Market Cap 4,808 M
2023 2024
Price-to-earnings 7.13 7.10
Price-to-book value 1.06 0.96

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 05/31/24

Versus Beta
S&P 500 0.78
NASDAQ-100 0.50
MSCI EAFE 0.89
MSCI Emg. Mkts 0.72
Standard Deviation 22.80%

Source: new windowAltaVista Research, LLC

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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. Greece’s ability to repay its sovereign debt is in question, and the possibility of default is not unlikely. GREK 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 MSCI, nor does MSCI 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 MSCI.