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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 11/14/19

Key Facts

Ticker GREK
Inception Date 12/7/11
CUSIP 37950E366
ISIN US37950E3669
Bloomberg Index Ticker M1CXGXA
Primary Exchange NYSE Arca

Stats & Fees

Net Assets $330,271,560
NAV $9.77
Shares Outstanding 33,800,000
Total Expense Ratio 0.59%

Distributions

30-Day SEC Yield 2.46%
Distribution Frequency Semi-Annually
 Distribution Calendar

Fund Documents

Fund Research

Fund Prices As of 11/14/19

NAV Price
Net Asset Value $9.77 Closing Price $9.80
Daily Change $0.20 2.04% Daily Change $0.24 2.51%

Performance History

Premium Discount Chart

Cumulative %

Data as of month end (10/31/19)

 Fund NAV Closing Price Index
1 Month 6.52% 5.89% 6.56%
3 Months 1.53% 2.17% 1.55%
6 Months 17.82% 16.48% 17.93%
Since Inception -27.46% -28.14% -21.79%

Avg Annualized %

Data as of month end (10/31/19)

 Fund NAV Closing Price Index
1 Year 33.57% 32.04% 34.61%
3 Years 13.29% 13.25% 14.18%
5 Years -7.12% -7.14% -6.29%
Since Inception -3.98% -4.10% -3.06%

Avg Annualized %

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

 Fund NAV Closing Price Index
1 Year 15.89% 15.96% 16.99%
3 Years 11.90% 11.73% 12.80%
5 Years -11.14% -11.19% -10.34%
Since Inception -4.80% -4.84% -3.88%

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 11/14/19

Return on Equity 4.40%
Average Market Cap $1,761.00 M
2018 2019
Price-to-earnings 37.12 14.21
Price-to-book value 0.63 0.61

Source: AltaVista Research, LLC

Fund Risk Stats As of 11/14/19

Versus Beta
S&P 500 0.63
MSCI EAFE 1.02
MSCI Emg. Mkts 0.69
Standard Deviation 22.70%

Source: AltaVista Research, LLC

Top 10 Holdings

As of 11/14/19
Full Holdings (.csv)
Net Assets % Name Market Price ($) Shares Held Market Value ($)
12.90 HELLENIC TELECOM 14.80 2,880,156 42,617,576.16
10.09 ALPHA BANK AE 2.12 15,742,309 33,338,773.36
9.30 EUROBANK ERGASIAS SA 1.06 28,966,558 30,720,223.89
6.20 NATIONAL BANK OF GREECE 3.37 6,083,149 20,478,603.19
5.35 JUMBO SA 20.19 875,153 17,667,313.06
4.86 OPAP SA 10.59 1,514,498 16,045,211.33
4.77 PIRAEUS BANK S.A 3.35 4,708,084 15,756,286.27
3.53 TITAN CEMENT INT 20.13 579,611 11,669,121.42
2.76 GASLOG PARTNERS LP 17.08 533,639 9,114,554.12
2.76 HELLENIC PETROLEUM SA 9.53 956,587 9,113,659.88
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. 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.