GREK


MSCI Greece ETF

Reasons to Consider 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.

Key Information As of 10/26/21

Inception Date 12/07/11
Total Expense Ratio 0.58%
Net Assets $153.06 million
NAV $28.21
Fact Sheet

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 10/26/21

Ticker GREK
Bloomberg Index Ticker M1CXGXA
CUSIP 37954Y319
ISIN US37954Y3190
Primary Exchange NYSE Arca
Shares Outstanding 5,425,644
Number of Holdings 27
30-Day Median Bid-Ask Spread 0.54%

Distributions As of 10/26/21

30-Day SEC Yield 1.83%
Distribution Frequency Semi-Annually

ETF Prices As of 10/26/21

NAV $28.21 Daily Change -$0.07 -0.25%
Market Price $28.24 Daily Change -$0.01 -0.04%

Performance History

As of recent month & quarter-end (09/30/21)
As of recent month & quarter-end (09/30/21)
Fund NAV Market Price Index
1 Year 39.01% 39.15% 39.80%
3 Years 5.51% 5.42% 6.19%
5 Years 7.27% 7.10% 8.00%
Since Inception -3.71% -3.77% -2.87%
1 Year 39.01% 39.15% 39.80%
3 Years 5.51% 5.42% 6.19%
5 Years 7.27% 7.10% 8.00%
Since Inception -3.71% -3.77% -2.87%
Year-to-Date 5.71% 6.13% 6.02%
1 Month -6.82% -7.08% -6.75%
3 Months -2.30% -2.95% -2.23%
Since Inception -30.96% -31.44% -24.87%
Year-to-Date 5.71% 6.13% 6.02%
1 Month -6.82% -7.08% -6.75%
3 Months -2.30% -2.95% -2.23%
Since Inception -30.96% -31.44% -24.87%

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.

Top Holdings As of 10/26/21

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
14.90 HTO GA HELLENIC TELECOM 5051605 17.94 1,271,164 22,806,732.48
10.02 ALPHA GA ALPHA SERVICES A BZ1MXR7 1.28 11,942,593 15,341,549.23
9.40 EUROB GA EUROBANK ERGASIA BYZ43T4 1.06 13,641,088 14,392,002.60
8.48 OPAP GA OPAP SA 7107250 15.71 826,393 12,982,452.75
5.05 ETE GA NATIONAL BANK OF GREECE BG087C6 3.12 2,475,056 7,724,865.22
4.81 TPEIR GA Piraeus Financial BNC0DB0 1.74 4,239,137 7,357,496.74
4.20 PPC GA PUBLIC POWER CORP 7268298 10.53 610,866 6,430,764.83
3.75 MOH GA MOTOR OIL (HELLAS) SA 5996234 17.10 335,297 5,733,931.68
3.50 MYTIL GA MYTILINEOS S.A. 5898664 18.16 294,757 5,351,637.78
3.43 TITC GA TITAN CEMENT INT BJ8PD99 17.51 300,064 5,253,172.56
3.15 TENERGY GA TERNA ENERGY SA B28XVV2 13.70 351,893 4,822,352.25
3.03 BELA GA JUMBO SA 7243530 15.26 303,495 4,630,610.54
3.01 GEKTERNA GA GEK TERNA HOLDIN 4421704 11.45 402,130 4,606,321.48
2.92 LAMDA GA LAMDA DEVELOPMENT SA 4248947 8.45 529,150 4,472,364.12
2.76 GOFPY OPAP SA-UNSPON ADR B3L34N9 7.76 544,900 4,228,478.49
2.39 ELPE GA HELLENIC PETROLEUM SA 5475658 6.94 525,617 3,650,287.33
2.22 ELLAKTOR GA ELLAKTOR SA 4205351 1.65 2,052,708 3,393,731.86
2.10 EYDAP GA EYDAP WATER 5860191 8.66 371,071 3,213,723.01
2.06 SAR GA SARANTIS SA 7124958 10.12 311,877 3,156,664.44
2.00 ADMIE GA HOLDING CO ADMIE IPTO SA BYW5KK0 2.94 1,041,113 3,065,931.25
1.65 EXAE GA HELLENIC EXCHANG 4108278 4.32 586,120 2,531,300.14
1.61 AEGN GA AEGEAN AIRLINES B1ZBHG9 5.97 412,434 2,462,592.29
1.40 JUMSY JUMBO SA-ADR B955LS7 15.26 140,000 2,136,064.00
1.02 MOHCY MOTOR OIL-ADR B3F2G14 8.55 183,300 1,567,306.65
0.96 MYTHY MYTILINEOS SA-UNSP ADR B3F2G58 18.16 81,200 1,474,275.32
0.18 CASH 1.00 267,808 267,380.97
0.00 FFGRP GA FF GROUP B681D63 0.01 452,712 5,248.71
0.00 FLLIY FOLLI FOLLIE-ADR B9N6VK4 0.01 200,300 2,322.28
Holdings are subject to change.

Sector Breakdown As of 09/30/21

Sector Weight (%)
Financials 29.2
Consumer Discretionary 18.5
Communication Services 15.8
Utilities 11.8
Energy 6.6
Industrials 6.5
Materials 6.5
Real Estate 3.0
Consumer Staples 2.1

Source: AltaVista Research, LLC

ETF Characteristics As of 10/26/21

Return on Equity 7.80%
Weighted Avg. Market Cap 2,885 M
2020 2021
Price-to-earnings -1.09 11.96
Price-to-book value 0.95 0.91

Source: AltaVista Research, LLC

ETF Risk Stats As of 10/26/21

Versus Beta
S&P 500 1.34
MSCI EAFE 1.54
MSCI Emg. Mkts 1.02
Standard Deviation 32.00%

Source: AltaVista Research, LLC

ETF Research

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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.