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 12/03/20

Key Facts

Ticker NGE
Inception Date 04/02/13
CUSIP 37954Y665
ISIN US37954Y6656
Bloomberg Index Ticker M1ANI5R
Primary Exchange NYSE Arca
Number of Holdings 20

Stats & Fees

Net Assets $45,691,788
Net Asset Value (NAV) $15.43
Shares Outstanding 2,962,135
Total Expense Ratio 0.89%

Distributions

30-Day SEC Yield 5.16%
Distribution Frequency Semi-Annually

Fund Prices As of 12/03/20

NAV $15.43 Daily Change -$0.17 -1.08%
Market Price $11.25 Daily Change -$0.28 -2.40%
30-Day Median Bid-Ask Spread 1.26%

Performance History

Cumulative %

Data as of month-end (11/30/20)

Fund NAV Market Price Index
Year-to-Date 16.24% -16.24% 18.79%
1 Month 9.47% -0.27% 9.90%
3 Months 39.16% 24.20% 41.30%
6 Months 36.96% 13.19% 38.99%
Since Inception -67.60% -76.22% -61.09%

Avg Annualized %

Data as of month-end (11/30/20)

Fund NAV Market Price Index
1 Year 17.68% -16.72% 20.55%
3 Years -6.15% -15.42% -3.29%
5 Years -8.44% -14.50% -5.87%
Since Inception -13.68% -17.10% -11.58%

Avg Annualized %

Data as of quarter-end (09/30/20)

Fund NAV Market Price Index
1 Year -8.20% -28.21% -6.18%
3 Years -13.31% -20.48% -10.85%
5 Years -15.84% -19.87% -13.62%
Since Inception -16.87% -19.43% -14.92%

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 12/03/20

Return on Equity 14.60%
Weighted Avg. Market Cap 2,199 M
2019 2020
Price-to-earnings 6.06 5.93
Price-to-book value 0.91 0.83

Source: AltaVista Research, LLC

Fund Risk Stats As of 12/03/20

Versus Beta
S&P 500 0.67
MSCI EAFE 0.77
MSCI Emg. Mkts 0.73
Standard Deviation 31.20%

Source: AltaVista Research, LLC

Sector Breakdown As of 11/30/20

% of Net Assets
Financials 49.6
Consumer Staples 23.6
Materials 17.2
Communication Services 4.6
Industrials 1.7
Other/Cash 3.3

Source: AltaVista Research, LLC

Top 10 Holdings As of 12/03/20

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
13.38 DANGCEM NL DANGOTE CEMENT PLC B4TFNR1 0.53 11,501,848 6,112,453.25
12.59 GUARANTY NL GUARANTY TRUST BANK 6226059 0.09 66,031,216 5,751,520.05
9.62 NESTLE NL NESTLE NIGERIA PLC 6627759 3.63 1,211,123 4,395,520.93
8.32 ZENITHBA NL ZENITH BANK PLC B01CKG0 0.06 62,245,336 3,800,071.71
4.70 MTNN NL MTN NIGERIA COMM BFYWJB0 0.40 5,306,143 2,148,592.45
4.63 FBNH NL FBN HOLDINGS PLC B8GQJS8 0.02 113,264,967 2,114,083.64
4.26 STANBIC NL STANBIC IBTC HOLDINGS PLC B8TNMK9 0.11 17,063,251 1,946,294.35
4.18 DANGSUGA NL DANGOTE SUGAR RE B1HN0B9 0.05 37,739,109 1,907,744.98
4.05 NB NL NIGERIAN BREWERIES PLC 6637286 0.15 12,750,569 1,851,022.33
4.05 UBA NL UNITED BANK AFR 6918389 0.02 87,003,212 1,849,452.59
Holdings are subject to change.

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. 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.