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NGE

MSCI Nigeria ETF

Fund Summary

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

Fund Objective

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

Why NGE?

Efficient Access

Efficient access to a broad basket of Nigerian securities.

Targeted Exposure

The fund targets exposure to a single country.

Frontier Market Exposure

Frontier markets are among the highest growth potential economies in the world.

Fund Details As of 9/13/19

Key Facts

Ticker NGE
Inception Date 4/2/13
CUSIP 37954Y665
ISIN US37954Y6656
Bloomberg Index Ticker M1ANI5R
Primary Exchange NYSE Arca

Stats & Fees

Net Assets $33,185,586
NAV $12.95
Shares Outstanding 2,562,135
Total Expense Ratio 0.88%

Distributions

30-Day SEC Yield 6.66%
Distribution Frequency Semi-Annually
 Distribution Calendar

Fund Documents

Fund Prices As of 9/13/19

NAV Price
Net Asset Value $12.95 Closing Price $13.41
Daily Change $0.18 1.41% Daily Change $0.33 2.52%

Performance History

Premium Discount Chart

Cumulative %

Data as of month end (8/31/19)

 Fund NAV Closing Price Index
1 Month -3.70% -4.59% -3.45%
3 Months -12.13% -12.98% -11.75%
6 Months -21.31% -21.04% -20.17%
Since Inception -73.71% -72.90% -69.60%

Avg Annualized %

Data as of month end (8/31/19)

 Fund NAV Closing Price Index
1 Year -26.66% -24.65% -25.02%
3 Years -5.65% -6.32% -3.28%
5 Years -23.66% -23.59% -21.71%
Since Inception -18.81% -18.43% -16.94%

Avg Annualized %

Data as of quarter end (6/30/19)

 Fund NAV Closing Price Index
1 Year -26.57% -23.39% -25.24%
3 Years -7.26% -7.18% -4.96%
5 Years -22.27% -21.71% -20.23%
Since Inception -17.52% -16.90% -15.64%

The Fund's name, investment objective and investment strategies changed effective August 15, 2014. Index performance prior to August 15, 2014, will reflect the investment objective and strategies of the prior when it was the Solactive Nigeria Index. The Hybrid Nigeria Index (noted as "Index" above in the chart) consists of the Solactive Nigeria Index from the inception of the Fund through August 14, 2014, and the MSCI All Nigeria Select 25/50 Index going forward.

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 9/13/19

Return on Equity 14.50%
Average Market Cap $1,045.00 M
2018 2019
Price-to-earnings 4.83 4.97
Price-to-book value 0.75 0.69

Source: AltaVista Research, LLC

Fund Risk Stats As of 9/13/19

Versus Beta
S&P 500 0.19
MSCI EAFE 0.76
MSCI Emg. Mkts 0.71
Standard Deviation 22.30%

Source: AltaVista Research, LLC

Top 10 Holdings

As of 9/13/19
Full Holdings (.csv)
Net Assets % Name Market Price ($) Shares Held Market Value ($)
12.31 GUARANTY TRUST BANK 0.08 53,594,752 4,084,468.65
12.22 DANGOTE CEMENT PLC 0.43 9,435,943 4,056,280.89
9.81 NESTLE NIGERIA PLC 3.32 981,184 3,257,042.32
9.34 MTN NIGERIA COMM 0.38 8,060,880 3,099,480.83
5.12 ACCESS BANK PLC 0.02 84,711,219 1,698,911.03
4.77 ZENITH BANK PLC 0.05 30,012,282 1,581,560.09
4.73 FBN HOLDINGS PLC 0.01 105,026,620 1,568,862.37
4.67 UNITED BANK AFR 0.02 89,007,406 1,551,166.41
4.47 STANBIC IBTC HOLDINGS PLC 0.10 15,310,459 1,482,340.43
4.33 NIGERIAN BREWERIES PLC 0.14 10,185,585 1,438,379.29
Holdings are subject to change. Cash, where shown, includes other assets and liabilities, such as payables and receivables.

As of May 5, 2017, the Fund is valuing the Nigerian Naira currency by referencing the Nigerian Autonomous Foreign Exchange Rate Fixing (NAFEX). The valuation methodology may further change in the future.

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. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume.

Investment in African securities involves heightened risks, including expropriation and/or nationalization of assets, confiscatory taxation, political instability including authoritarian and/or military involvement in governmental decision-making, armed conflict, the impact on the economy as a result of civil war, and social instability as a result of religious, ethnic and/or socioeconomic unrest and, in certain countries, genocidal warfare. The economic development of Nigeria has been significantly hindered by military rule, mismanagement, corruption and ethnic conflict. The Nigerian economy is heavily dependent on oil, which may subject the Fund to greater volatility. NGE 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.