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 09/15/21

Key Facts

Ticker PAK
Inception Date 04/22/15
CUSIP 37954Y335
ISIN US37954Y3356
Bloomberg Index Ticker MXCXP25R
Primary Exchange NYSE Arca
Number of Holdings 30

Stats & Fees

Net Assets $24,213,847
Net Asset Value (NAV) $26.25
Shares Outstanding 922,293
Total Expense Ratio 0.90%

Distributions

30-Day SEC Yield 6.02%
Distribution Frequency Semi-Annually

Fund Prices As of 09/15/21

NAV $26.25 Daily Change $0.00 -0.02%
Market Price $26.10 Daily Change -$0.05 -0.19%
30-Day Median Bid-Ask Spread 1.60%

Performance History

As of recent
(06/30/21)
As of recent
(06/30/21)
Fund NAV Market Price Index
1 Year 35.63% 37.55% 37.53%
3 Years -8.59% -8.45% -7.65%
5 Years -8.12% -8.71% -6.67%
Since Inception -6.72% -6.85% -5.02%
1 Year 5.44% 8.02% 6.33%
3 Years -9.87% -9.67% -8.96%
5 Years -10.16% -10.27% -8.85%
Since Inception -7.52% -7.46% -5.85%
Year-to-Date 4.37% 4.69% 5.00%
1 Month -3.85% -2.88% -5.24%
3 Months -0.25% 0.11% 0.19%
Since Inception -34.97% -35.53% -27.31%
Year-to-Date -2.36% -0.81% -1.59%
1 Month -2.77% -1.43% -2.69%
3 Months -10.05% -7.99% -11.19%
Since Inception -39.16% -38.92% -31.87%

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 of the Fund, when observed, is unusual and investors should not expect such performance to be repeated.

Fund Characteristics As of 09/15/21

Return on Equity 16.70%
Weighted Avg. Market Cap 796 M
2020 2021
Price-to-earnings 7.01 5.53
Price-to-book value 0.97 0.88

Source: AltaVista Research, LLC

Fund Risk Stats As of 09/15/21

Versus Beta
S&P 500 1.19
MSCI EAFE 1.13
MSCI Emg. Mkts 1.13
Standard Deviation 32.20%

Source: AltaVista Research, LLC

Sector Breakdown As of 08/31/21

% of Net Assets
Materials 31.4
Financials 25.0
Energy 20.0
Industrials 10.4
Utilities 7.3
Consumer Discretionary 3.8
Health Care 2.1

Source: AltaVista Research, LLC

Top Holdings As of 09/15/21

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
8.78 LUCK PA LUCKY CEMENT 6537557 4.51 471,800 2,126,886.14
7.08 ENGRO PA ENGRO CORPORATION LTD 6317867 1.69 1,012,108 1,713,420.62
6.94 HUBC PA HUB POWER COMPANY 6443665 0.47 3,536,653 1,679,412.72
6.28 HBL PA HABIB BANK LTD B282PJ5 0.71 2,139,640 1,520,620.67
5.76 MCB PA MCB BANK LTD 6611570 0.92 1,512,311 1,395,786.47
5.63 TRG PA TRG PAKISTAN 6682189 0.99 1,374,500 1,363,591.92
4.64 BAHL PA BANK AL HABIB LTD 6079532 0.41 2,751,163 1,124,253.76
4.54 FFC PA FAUJI FERTILIZER 6332741 0.63 1,741,931 1,099,113.58
4.48 OGDC PA OIL & GAS DEVELO 6732716 0.52 2,092,562 1,085,133.13
4.44 UBL PA UNITED BANK LTD B09RFT5 0.73 1,470,135 1,073,890.74
4.17 PSO PA PAKISTAN STATE OIL CO LTD 6669416 1.26 803,465 1,009,506.07
3.92 MARI PA MARI PETROLEUM CO LTD 6544502 9.30 102,062 949,403.27
3.90 PPL PA PAKISTAN PETROLEUM LTD B02VH21 0.46 2,074,471 944,047.09
3.49 EFERT PA ENGRO FERTILIZERS LTD B668PD7 0.43 1,946,664 843,804.19
3.44 MTL PA MILLAT TRACTORS LTD 6593117 6.44 129,481 833,816.23
3.32 POL PA PAKISTAN OILFIELDS LTD 6677141 2.10 382,390 804,411.77
2.23 BAFL PA BANK ALFALAH LTD B02ZK80 0.19 2,823,767 540,002.58
2.09 SEARL PA SEARLE COMPANY LTD/THE 6859251 1.33 381,266 506,043.96
1.80 DGKC PA D.G. KHAN CEMENT 6244932 0.56 781,694 435,406.10
1.77 MLCF PA MAPLE LEAF CEMENT FACTORY 6562623 0.22 1,964,255 429,611.71
1.43 NBP PA NATIONAL BANK OF PAKISTAN 6419332 0.19 1,773,093 345,587.74
1.37 NML PA NISHAT MILLS LTD 6646817 0.56 593,643 331,329.09
1.35 INDU PA INDUS MOTOR COMPANY LTD 6461560 7.70 42,580 327,829.43
1.28 FCCL PA FAUJI CEMENT CO LTD 6332581 0.11 2,825,229 310,047.34
0.94 ISL PA INTERNATIONAL STEELS LTD B468425 0.55 410,950 226,807.41
0.90 HCAR PA HONDA ATLAS CAR 6433989 1.71 127,636 218,262.47
0.85 CASH 0.02 8,828,837 204,512.28
0.83 PIBTL PA PAKISTAN INTERNA BHB9JK7 0.06 3,587,040 200,117.96
0.82 PAEL PA PAK ELEKTRON LTD 6668219 0.19 1,063,426 198,325.64
0.78 KAPCO PA KOT ADDU POWER B06N217 0.23 840,321 189,513.91
0.76 FFBL PA FAUJI FERTILIZER 6336088 0.15 1,248,336 183,350.51
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.