PAK


MSCI Pakistan ETF

Fund Summary

The Global X MSCI Pakistan ETF (PAK) provides investors access to the largest, most liquid companies in Pakistan.

Fund Objective

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

Why PAK?

Efficient Access

Efficient access to a broad basket of Pakistani 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 10/16/20

Key Facts

Ticker PAK
Inception Date 04/22/15
CUSIP 37954Y335
ISIN US37950E6894
Bloomberg Index Ticker MXCXP25R
Primary Exchange NYSE Arca
Number of Holdings 32

Stats & Fees

Net Assets $34,350,347
NAV $27.21
Shares Outstanding 1,262,293
Total Expense Ratio 0.88%

Distributions

30-Day SEC Yield 2.69%
Distribution Frequency Semi-Annually

Fund Prices As of 10/16/20

NAV Price 30-Day Median Bid-Ask Spread
Net Asset Value $27.21 Market Price $26.89 0.73%
Daily Change $0.08 0.30% Daily Change $0.04 0.15%  

Performance History

Cumulative %

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

Fund NAV Market Price Index
Year-to-Date -11.56% -14.60% -10.43%
1 Month -1.90% -1.37% -2.13%
3 Months 18.05% 19.00% 18.65%
6 Months 36.66% 38.40% 37.95%
Since Inception -43.40% -44.23% -37.29%

Avg Annualized %

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

Fund NAV Market Price Index
1 Year 12.56% 9.26% 14.39%
3 Years -17.44% -17.99% -16.39%
5 Years -8.51% -8.94% -6.86%
Since Inception -9.94% -10.18% -8.21%

Avg Annualized %

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

Fund NAV Market Price Index
1 Year 12.56% 9.26% 14.39%
3 Years -17.44% -17.99% -16.39%
5 Years -8.51% -8.94% -6.86%
Since Inception -9.94% -10.18% -8.21%

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 10/16/20

Return on Equity 13.90%
Weighted Avg. Market Cap 842 M
2019 2020
Price-to-earnings 8.07 7.42
Price-to-book value 1.08 0.99

Source: AltaVista Research, LLC

Fund Risk Stats As of 10/16/20

Versus Beta
S&P 500 1.28
MSCI EAFE 1.40
MSCI Emg. Mkts 1.15
Standard Deviation 32.50%

Source: AltaVista Research, LLC

Sector Breakdown As of 09/30/20

% of Net Assets
Materials 31.6
Financials 27.3
Energy 23.7
Utilities 7.2
Industrials 4.4
Consumer Discretionary 3.5
Health Care 2.2
Other/Cash 0.1

Source: AltaVista Research, LLC

Top 10 Holdings As of 10/16/20

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
7.72 LUCK PA LUCKY CEMENT 6537557 3.93 674,982 2,651,993.89
7.57 HBL PA HABIB BANK LTD B282PJ5 0.85 3,046,782 2,598,858.17
7.42 ENGRO PA ENGRO CORPORATION LTD 6317867 1.82 1,397,253 2,548,417.50
6.82 MCB PA MCB BANK LTD 6611570 1.05 2,220,878 2,340,873.75
6.26 OGDC PA OIL & GAS DEVELO 6732716 0.62 3,451,864 2,149,714.69
5.00 HUBC PA HUB POWER COMPANY 6443665 0.47 3,665,743 1,716,921.23
4.77 UBL PA UNITED BANK LTD B09RFT5 0.76 2,169,781 1,638,351.56
4.64 PSO PA PAKISTAN STATE OIL CO LTD 6669416 1.27 1,251,304 1,593,737.78
4.48 FFC PA FAUJI FERTILIZER 6332741 0.65 2,361,181 1,540,216.53
4.40 BAHL PA BANK AL HABIB LTD 6079532 0.39 3,926,488 1,512,362.36
Holdings are subject to change.

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. Certain economies in the Middle East depend to a significant degree upon exports of primary commodities such as oil. A sustained decrease in commodity prices could have a significant negative impact on all aspects of the economy in the region. Middle Eastern governments have exercised and continue to exercise substantial influence over many aspects of the private sector.

As an emerging country, Pakistan’s economy is susceptible to economic, political and social instability; unanticipated economic, political or social developments could impact economic growth. Pakistan is also subject to natural disaster risk. In addition, recent political instability and protests in the Middle East have caused significant disruptions to many industries. Continued political and social unrest in these areas may negatively affect the value of your investment in the Fund. Pakistan has recently seen elevated levels of ethnic and religious conflict, in some cases resulting in violence or acts of terrorism. Escalation of these conflicts would have an adverse effect on Pakistan’s economy. PAK 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.