Contact

GREK

MSCI Greece ETF

Fund Summary

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

Fund 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.

Why GREK?

Efficient Access

Efficient access to a broad basket of Greek securities.

Targeted Exposure

Targeted single country exposure.

Unique Offering

The first and only ETF to directly target Greece.

Fund Details As of 9/21/20

Key Facts

Ticker GREK
Inception Date 12/7/11
CUSIP 37954Y319
ISIN US37950E3669
Bloomberg Index Ticker M1CXGXA
Primary Exchange NYSE Arca
Number of Holdings 31

Stats & Fees

Net Assets $128,665,212
NAV $20.37
Shares Outstanding 6,315,644
Total Expense Ratio 0.57%

Distributions

30-Day SEC Yield 3.11%
Distribution Frequency Semi-Annually
 Distribution Calendar

Fund Documents

Fund Research

Fund Prices As of 9/21/20

NAV Price
Net Asset Value $20.37 Closing Price $20.23
Daily Change -$1.17 -5.42% Daily Change -$0.97 -4.58%

Performance History

Premium Discount Chart

Cumulative %

Data as of month-end (8/31/20)

 Fund NAV Closing Price Index
Year-to-Date -31.29% -31.83% -31.08%
1 Month 4.21% 5.10% 3.92%
3 Months 7.28% 5.92% 7.17%
6 Months -5.67% -7.33% -5.34%
Since Inception -48.27% -48.79% -44.03%

Avg Annualized %

Data as of month-end (8/31/20)

 Fund NAV Closing Price Index
1 Year -23.81% -23.30% -23.54%
3 Years -10.32% -10.35% -9.84%
5 Years -3.58% -3.62% -2.84%
Since Inception -7.27% -7.38% -6.43%

Avg Annualized %

Data as of quarter-end (6/30/20)

 Fund NAV Closing Price Index
1 Year -30.90% -29.25% -30.71%
3 Years -11.53% -11.07% -11.02%
5 Years -5.64% -6.27% -9.00%
Since Inception -8.12% -7.95% -7.27%

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.

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 9/21/20

Return on Equity 2.50%
Weighted Avg. Market Cap 2,435 M
2019 2020
Price-to-earnings 9.59 17.55
Price-to-book value 0.45 0.44

Source: AltaVista Research, LLC

Fund Risk Stats As of 9/21/20

Versus Beta
S&P 500 1.06
MSCI EAFE 1.42
MSCI Emg. Mkts 0.98
Standard Deviation 29.00%

Source: AltaVista Research, LLC

Sector Breakdown As of 8/31/20

% of Net Assets
Communication Services 21.6
Consumer Discretionary 20.4
Financials 17.9
Utilities 11.4
Energy 10.2
Materials 8.2
Industrials 5.5
Real Estate 2.9
Consumer Staples 2.1

Source: AltaVista Research, LLC

Top 10 Holdings As of 9/21/20

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
20.95 HTO GA HELLENIC TELECOM 5051605 15.56 1,718,453 26,738,262.56
6.38 BELA GA JUMBO SA 7243530 17.77 457,979 8,136,996.69
5.68 OPAP GA OPAP SA 7107250 9.40 770,728 7,245,062.23
5.10 GOFPY OPAP SA-UNSPON ADR B3L34N9 4.63 1,404,900 6,504,687.00
4.73 JUMSY JUMBO SA-ADR B955LS7 17.77 340,000 6,040,848.00
4.26 ALPHA GA ALPHA BANK AE BZ1MXR7 0.61 8,843,407 5,431,264.44
4.16 ETE GA NATIONAL BANK OF GREECE BG087C6 1.30 4,069,627 5,304,656.07
3.94 PPC GA PUBLIC POWER CORP 7268298 5.80 867,461 5,032,184.48
3.85 EUROB GA EUROBANK ERGASIA BYZ43T4 0.43 11,495,569 4,913,732.42
3.80 TENERGY GA TERNA ENERGY SA B28XVV2 13.34 363,382 4,847,539.86
Holdings are subject to change.

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. 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 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.