| NAV | $12.35 | Daily Change | -$0.10 | -0.80% |
| Market Price | $12.76 | Daily Change | -$0.24 | -1.85% |
Following a strong rebound from the pandemic, Pakistan’s GDP grew at a rate exceeding 3.5% in 2022. It is expected to continue annual rates of more than 4% growth in 2023-2027.1
The ETF targets exposure to a single country.
PAK delivers efficient access to a broad basket of Pakistani securities.
1Statista, Jun 2022
| Inception Date | 04/22/15 |
| Total Expense Ratio | 0.80% |
| Net Assets | $14.60 million |
| NAV | $12.35 |
| Fact Sheet |
The Global X MSCI Pakistan ETF (PAK) provides investors access to the largest, most liquid companies in Pakistan.
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.
| Ticker | PAK |
| Bloomberg Index Ticker | MXCXP25R |
| CUSIP | 37954Y335 |
| ISIN | US37954Y3356 |
| Primary Exchange | NYSE Arca |
| Shares Outstanding | 1,182,293 |
| Number of Holdings | 23 |
| 30-Day Median Bid-Ask Spread | 1.86% |
| 30-Day SEC Yield | 10.71% |
| Distribution Frequency | Semi-Annually |
| NAV | $12.35 | Daily Change | -$0.10 | -0.80% |
| Market Price | $12.76 | Daily Change | -$0.24 | -1.85% |
|
As of recent (12/31/22)
As of recent (12/31/22)
|
Fund NAV | Market Price | Index |
|---|---|---|---|
| 1 Year | -29.82% | -28.76% | -28.52% |
| 3 Years | -16.32% | -16.93% | -15.01% |
| 5 Years | -16.37% | -16.78% | -15.25% |
| Since Inception | -11.96% | -11.98% | -10.39% |
| 1 Year | -37.69% | -37.03% | -36.52% |
| 3 Years | -17.32% | -16.02% | -16.07% |
| 5 Years | -19.25% | -19.17% | -18.23% |
| Since Inception | -13.02% | -12.97% | -11.48% |
| Year-to-Date | -29.82% | -28.76% | -28.52% |
| 1 Month | -6.45% | -6.23% | -6.29% |
| 3 Months | -0.09% | 0.67% | 0.22% |
| Since Inception | -62.50% | -62.57% | -57.01% |
| Year-to-Date | -10.94% | -10.33% | -10.81% |
| 1 Month | 3.33% | 0.37% | 3.38% |
| 3 Months | -16.68% | -15.92% | -16.42% |
| Since Inception | -66.60% | -66.44% | -61.66% |
Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.
| Net Assets (%) | Ticker | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
|---|---|---|---|---|---|---|
| 10.14 | ENGRO PA | ENGRO CORPORATION LTD | 6317867 | 1.00 | 1,476,064 | 1,481,175.46 |
| 8.15 | HUBC PA | HUB POWER COMPANY | 6443665 | 0.24 | 4,946,337 | 1,190,441.74 |
| 6.71 | SYS PA | SYSTEMS LTD | BVV6QT4 | 1.64 | 598,938 | 980,205.42 |
| 5.70 | EFERT PA | ENGRO FERTILIZERS LTD | B668PD7 | 0.29 | 2,877,024 | 832,913.70 |
| 5.69 | POL PA | PAKISTAN OILFIELDS LTD | 6677141 | 1.40 | 593,529 | 830,248.50 |
| 5.40 | OGDC PA | OIL & GAS DEVELO | 6732716 | 0.30 | 2,597,105 | 789,134.48 |
| 4.69 | UBL PA | UNITED BANK LTD | B09RFT5 | 0.38 | 1,817,116 | 685,238.94 |
| 4.68 | MTL PA | MILLAT TRACTORS LTD | 6593117 | 1.79 | 381,079 | 683,343.32 |
| 4.60 | MARI PA | MARI PETROLEUM CO LTD | 6544502 | 5.27 | 127,449 | 672,273.21 |
| 4.56 | MCB PA | MCB BANK LTD | 6611570 | 0.41 | 1,639,965 | 665,199.94 |
| 4.52 | LUCK PA | LUCKY CEMENT | 6537557 | 1.44 | 460,100 | 660,641.82 |
| 4.51 | FFC PA | FAUJI FERTILIZER | 6332741 | 0.36 | 1,849,772 | 659,054.81 |
| 4.40 | TRG PA | TRG PAKISTAN | 6682189 | 0.39 | 1,648,182 | 642,558.02 |
| 4.34 | HBL PA | HABIB BANK LTD | B282PJ5 | 0.26 | 2,455,864 | 633,317.86 |
| 4.02 | PPL PA | PAKISTAN PETROLEUM LTD | B02VH21 | 0.23 | 2,503,679 | 586,285.54 |
| 3.74 | PSO PA | PAKISTAN STATE OIL CO LTD | 6669416 | 0.42 | 1,305,716 | 545,955.39 |
| 2.63 | BAFL PA | BANK ALFALAH LTD | B02ZK80 | 0.10 | 3,678,469 | 383,964.57 |
| 1.97 | EPCL PA | ENGRO POLYMER & CHEMICALS | B39QNB1 | 0.16 | 1,774,828 | 288,299.80 |
| 1.91 | FCCL PA | FAUJI CEMENT CO LTD | 6332581 | 0.04 | 6,692,455 | 279,285.84 |
| 1.78 | MLCF PA | MAPLE LEAF CEMENT FACTORY | 6562623 | 0.09 | 2,952,985 | 259,925.29 |
| 1.65 | DGKC PA | D.G. KHAN CEMENT | 6244932 | 0.15 | 1,572,709 | 240,407.74 |
| 1.54 | SEARL PA | SEARLE COMPANY LTD/THE | 6859251 | 0.20 | 1,147,949 | 224,803.30 |
| 1.37 | NML PA | NISHAT MILLS LTD | 6646817 | 0.19 | 1,061,442 | 199,498.59 |
| 1.30 | CASH | 1.00 | 189,281 | 189,281.39 | ||
| 0.00 | PAKISTAN RUPEE | 0.00 | 5 | 0.02 |
| Sector | Weight (%) | |
|---|---|---|
| Materials | 33.0 | |
| Energy | 23.3 | |
| Financials | 16.0 | |
| Industrials | 9.5 | |
| Utilities | 8.4 | |
| Information Technology | 7.0 | |
| Health Care | 1.5 | |
| Consumer Discretionary | 1.3 |
Source: AltaVista Research, LLC
| Return on Equity | 18.40% | |
| Weighted Avg. Market Cap | 490 M | |
| 2022 | 2023 | |
| Price-to-earnings | 3.41 | 3.01 |
| Price-to-book value | 0.58 | 0.53 |
Source: AltaVista Research, LLC
| Versus | Beta |
|---|---|
| S&P 500 | 0.64 |
| MSCI EAFE | 0.61 |
| MSCI Emg. Mkts | 0.82 |
| Standard Deviation | 30.60% |
Source: AltaVista Research, LLC
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.