MSCI Nigeria ETFIn Liquidation*

Key Information As of 12/05/23

Inception Date 04/02/13
Total Expense Ratio 0.83%
Net Assets $28.49 million
NAV $9.62

ETF 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.

Trading Details As of 12/04/23

Ticker NGE
Bloomberg Index Ticker M1ANI5R
CUSIP 37954Y665
ISIN US37954Y6656
Primary Exchange NYSE Arca
Shares Outstanding 2,962,135
Number of Holdings 4
30-Day Median Bid-Ask Spread 2.34%

Distributions As of 12/05/23

30-Day SEC Yield 0.24%
Distribution Frequency Semi-Annually

ETF Prices As of 12/05/23

NAV $9.62 Daily Change -$0.08 -0.82%
Market Price $7.56 Daily Change -$0.17 -2.20%

Performance History

As of recent
As of recent
Fund NAV Market Price Index
1 Year -15.63% 26.99% -0.32%
3 Years 1.57% 7.47% 9.02%
5 Years -5.00% -6.43% 0.07%
10 Years -11.96% -12.74% -8.54%
Since Inception -11.96% -12.51% -8.68%
1 Year -17.26% 16.30% 9.20%
3 Years -7.59% -2.56% 2.67%
5 Years -4.30% -7.37% 3.10%
10 Years -12.70% -14.33% -8.32%
Since Inception -12.00% -13.23% -7.79%
Year-to-Date -15.63% 26.60% -0.97%
1 Month -2.80% -1.38% -1.89%
3 Months -1.85% -15.88% 9.17%
Since Inception -73.76% -75.42% -61.44%
Year-to-Date -17.81% 13.32% 8.13%
1 Month 9.13% 0.52% 19.60%
3 Months -5.31% -11.72% 7.13%
Since Inception -74.44% -78.00% -57.90%

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.

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). 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, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of 12/05/23

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
78.81 NIGERIAN NAIRA 0.00 17,972,198,367 22,451,215.95
12.23 B 01/23/24 BKPJSP2 0.99 3,510,000 3,485,398.80
9.93 B 01/02/24 BPGN621 1.00 2,840,000 2,828,790.86
1.55 AIRTELAF NL AIRTEL AFRICA PLC BK6NB32 2.20 200,000 440,474.70
0.99 SEPL LN SEPLAT ENERGY PLC BDFMDD5 1.69 167,836 282,810.20
0.05 CASH 1.00 13,096 13,095.71
0.00 CANADIAN DOLLAR 0.70 0 0.07
-3.55 OTHER PAYABLE & RECEIVABLES 1.00 -1,012,514 -1,012,513.62
Holdings are subject to change. "Cash" denotes U.S. dollars.

As of June 26, 2023, the Fund is valuing the Nigerian Naira currency by referencing the standard ‘Non-Trade methodology’, sourcing from the Refinitiv indicative quote data. The valuation methodology may change in the future.

*Shareholders may sell their holdings in the Fund prior to the end of the trading day on March 25th, 2024, and customary brokerage charges may apply to these transactions. The Fund is expected to cease trading at the end of the trading day on March 25th, 2024. The Fund is expected to liquidate on or around March 25th, 2024. The liquidation process will result in the Fund not tracking its underlying index and increasing its cash holdings, which may not be consistent with the Fund’s current investment objective and strategy.

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.