The Global X MSCI Greece ETF (GREK) invests in among the largest and most liquid companies in Greece.
The Global X MSCI Greece ETF (GREK) invests in among the largest and most liquid companies in Greece.
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.
Efficient access to a broad basket of Greek securities.
Targeted single country exposure.
The first and only ETF to directly target Greece.
| Ticker | GREK |
| Inception Date | 12/07/11 |
| CUSIP | 37954Y319 |
| ISIN | US37954Y3190 |
| Bloomberg Index Ticker | M1CXGXA |
| Primary Exchange | NYSE Arca |
| Number of Holdings | 29 |
| Net Assets | $155,458,041 |
| Net Asset Value (NAV) | $26.73 |
| Shares Outstanding | 5,815,644 |
| Total Expense Ratio | 0.58% |
| 30-Day SEC Yield | 1.18% |
| Distribution Frequency | Semi-Annually |
|
As of recent month & quarter-end (06/30/21)
As of recent month & quarter-end (06/30/21)
|
Fund NAV | Market Price | Index |
|---|---|---|---|
| 1 Year | 45.94% | 43.60% | 46.72% |
| 3 Years | 2.57% | 3.03% | 3.02% |
| 5 Years | 8.64% | 7.65% | 9.34% |
| Since Inception | -3.57% | -3.57% | -2.71% |
| 1 Year | 45.94% | 43.60% | 46.72% |
| 3 Years | 2.57% | 3.03% | 3.02% |
| 5 Years | 8.64% | 7.65% | 9.34% |
| Since Inception | -3.57% | -3.57% | -2.71% |
| Year-to-Date | 8.20% | 9.35% | 8.44% |
| 1 Month | -2.25% | -1.63% | -3.55% |
| 3 Months | 4.90% | 5.30% | 4.96% |
| Since Inception | -29.34% | -29.36% | -23.16% |
| Year-to-Date | 8.20% | 9.35% | 8.44% |
| 1 Month | -2.25% | -1.63% | -3.55% |
| 3 Months | 4.90% | 5.30% | 4.96% |
| Since Inception | -29.34% | -29.36% | -23.16% |
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. High short-term performance of the Fund, when observed, is unusual and investors should not expect such performance to be repeated.
| Return on Equity | 8.50% | |
| Weighted Avg. Market Cap | 2,829 M | |
| 2020 | 2021 | |
| Price-to-earnings | -1.23 | 10.39 |
| Price-to-book value | 0.91 | 0.86 |
Source: AltaVista Research, LLC
| Versus | Beta |
|---|---|
| S&P 500 | 1.32 |
| MSCI EAFE | 1.54 |
| MSCI Emg. Mkts | 1.06 |
| Standard Deviation | 32.00% |
Source: AltaVista Research, LLC
| % of Net Assets | ||
|---|---|---|
| Financials | 27.7 | |
| Consumer Discretionary | 18.6 | |
| Communication Services | 15.2 | |
| Utilities | 11.5 | |
| Materials | 8.3 | |
| Industrials | 7.0 | |
| Energy | 6.8 | |
| Real Estate | 3.0 | |
| Consumer Staples | 1.9 | |
Source: AltaVista Research, LLC
| Net Assets (%) | Ticker | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
|---|---|---|---|---|---|---|
| 16.07 | HTO GA | HELLENIC TELECOM | 5051605 | 17.31 | 1,443,046 | 24,983,401.10 |
| 11.26 | ALPHA GA | ALPHA SERVICES A | BZ1MXR7 | 1.25 | 14,037,044 | 17,500,284.21 |
| 9.67 | EUROB GA | EUROBANK ERGASIA | BYZ43T4 | 0.92 | 16,332,993 | 15,033,814.76 |
| 8.83 | OPAP GA | OPAP SA | 7107250 | 13.53 | 1,014,458 | 13,721,307.18 |
| 4.43 | PPC GA | PUBLIC POWER CORP | 7268298 | 10.35 | 665,910 | 6,892,262.09 |
| 4.19 | ETE GA | NATIONAL BANK OF GREECE | BG087C6 | 2.62 | 2,489,810 | 6,515,680.76 |
| 3.96 | TPEIR GA | Piraeus Financial | BNC0DB0 | 1.62 | 3,804,819 | 6,148,714.24 |
| 3.56 | TITC BB | TITAN CEMENT INT | BJ8PD77 | 18.70 | 295,969 | 5,534,863.63 |
| 3.50 | MYTIL GA | MYTILINEOS S.A. | 5898664 | 16.58 | 327,690 | 5,434,328.36 |
| 3.44 | MOH GA | MOTOR OIL (HELLAS) SA | 5996234 | 15.88 | 336,606 | 5,344,649.09 |
| 3.17 | LAMDA GA | LAMDA DEVELOPMENT SA | 4248947 | 9.32 | 528,620 | 4,924,162.17 |
| 3.05 | GEKTERNA GA | GEK TERNA HOLDIN | 4421704 | 11.20 | 422,749 | 4,733,507.97 |
| 2.98 | TENERGY GA | TERNA ENERGY SA | B28XVV2 | 13.50 | 343,337 | 4,635,814.73 |
| 2.56 | BELA GA | JUMBO SA | 7243530 | 16.31 | 244,283 | 3,985,045.47 |
| 2.30 | GOFPY | OPAP SA-UNSPON ADR | B3L34N9 | 6.56 | 544,900 | 3,574,544.00 |
| 2.10 | ELPE GA | HELLENIC PETROLEUM SA | 5475658 | 6.74 | 485,149 | 3,269,590.31 |
| 2.07 | EYDAP GA | EYDAP WATER | 5860191 | 9.22 | 348,167 | 3,210,459.85 |
| 1.95 | SAR GA | SARANTIS SA | 7124958 | 10.35 | 293,307 | 3,035,768.67 |
| 1.90 | ADMIE GA | HOLDING CO ADMIE IPTO SA | BYW5KK0 | 3.04 | 969,991 | 2,949,115.81 |
| 1.56 | AEGN GA | AEGEAN AIRLINES | B1ZBHG9 | 6.01 | 404,165 | 2,429,087.60 |
| 1.50 | EXAE GA | HELLENIC EXCHANG | 4108278 | 4.55 | 512,619 | 2,333,292.79 |
| 1.47 | JUMSY | JUMBO SA-ADR | B955LS7 | 16.31 | 140,000 | 2,283,848.00 |
| 1.27 | ELLAKTOR GA | ELLAKTOR SA | 4205351 | 1.46 | 1,354,219 | 1,971,846.59 |
| 0.94 | MOHCY | MOTOR OIL-ADR | B3F2G14 | 7.94 | 183,300 | 1,455,218.70 |
| 0.87 | MYTHY | MYTILINEOS SA-UNSP ADR | B3F2G58 | 16.58 | 81,200 | 1,346,596.44 |
| 0.82 | TNP | TSAKOS ENERGY NA | BMX5PY4 | 7.55 | 168,234 | 1,270,166.70 |
| 0.38 | CASH | 1.00 | 596,989 | 596,517.06 | ||
| 0.22 | ELLAKTOR SA - RTS | 0.25 | 1,354,219 | 336,472.21 | ||
| 0.00 | FFGRP GA | FF GROUP | B681D63 | 0.01 | 452,712 | 5,324.58 |
| 0.00 | FLLIY | FOLLI FOLLIE-ADR | B9N6VK4 | 0.01 | 200,300 | 2,355.93 |
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.
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