PGAL


MSCI Portugal ETF

Fund Summary

The Global X MSCI Portugal ETF (PGAL) invests in among the largest and most liquid companies in Portugal.

Fund Objective

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

Why PGAL?

Efficient Access

Efficient access to a broad basket of Portuguese securities.

Targeted Exposure

The fund targets exposure to a single country.

Fund Details As of 9/23/20

Key Facts

Ticker PGAL
Inception Date 11/12/13
CUSIP 37950E192
ISIN US37950E1929
Bloomberg Index Ticker M1CXGXE
Primary Exchange NYSE Arca
Number of Holdings 23

Stats & Fees

Net Assets $15,409,233
NAV $9.06
Shares Outstanding 1,700,000
Total Expense Ratio 0.58%

Distributions

30-Day SEC Yield 4.89%
Distribution Frequency Semi-Annually

Fund Prices As of 9/23/20

NAV Price
Net Asset Value $9.06 Closing Price $9.00
Daily Change -$0.11 -1.18% Daily Change -$0.24 -2.60%

Performance History

Cumulative %

Data as of month-end (8/31/20)

Fund NAV Closing Price Index
Year-to-Date -11.04% -10.71% -11.20%
1 Month 1.89% 1.99% 1.87%
3 Months 6.43% 6.31% 6.41%
6 Months -0.61% -1.20% -0.87%
Since Inception -17.87% -17.78% -17.36%

Avg Annualized %

Data as of month-end (8/31/20)

Fund NAV Closing Price Index
1 Year 1.08% 0.87% 1.00%
3 Years -2.28% -2.28% -2.28%
5 Years 2.83% 2.85% 2.76%
Since Inception -2.85% -2.84% -2.76%

Avg Annualized %

Data as of quarter-end (6/30/20)

Fund NAV Closing Price Index
1 Year -9.85% -9.21% -9.88%
3 Years -2.04% -2.05% -2.04%
5 Years 0.40% 0.52% 0.34%
Since Inception -3.66% -3.60% -3.58%

The Fund's name, investment objective and investment strategies changed effective December 6, 2016. Index performance prior to December 6, 2016, will reflect the investment objective and strategies of the prior when it was the FTSE Portugal 20 Index. The Hybrid Portugal Index (noted as "Index" above in the chart) consists of the FTSE Portugal 20 Index from the inception of the Fund through December 5, 2016, and the MSCI All Portugal Plus 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 9/23/20

Return on Equity 4.80%
Weighted Avg. Market Cap 7,700 M
2019 2020
Price-to-earnings 11.90 24.86
Price-to-book value 1.18 1.19

Source: AltaVista Research, LLC

Fund Risk Stats As of 9/23/20

Versus Beta
S&P 500 0.83
MSCI EAFE 1.02
MSCI Emg. Mkts 0.72
Standard Deviation 17.60%

Source: AltaVista Research, LLC

Sector Breakdown As of 8/31/20

% of Net Assets
Utilities 34.4
Energy 18.7
Materials 15.4
Industrials 11.5
Communication Services 9.9
Financials 4.7
Consumer Staples 4.2
Consumer Discretionary 1.1
Other/Cash 0.1

Source: AltaVista Research, LLC

Top 10 Holdings As of 9/23/20

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
23.49 EDP PL EDP 4103596 4.87 743,226 3,618,784.61
18.95 GALP PL GALP ENERGIA SGPS SA B1FW751 9.67 302,156 2,920,540.34
4.88 COR PL CORTICEIRA AMORIM SA 4657736 12.26 61,352 752,003.18
4.82 EDPR PL EDP RENOVAVEIS SA B39GNW2 16.13 46,043 742,802.41
4.79 JMT PL JERONIMO MARTINS B1Y1SQ7 16.12 45,808 738,476.47
4.66 RENE PL REN-REDE ENERGET B233HR5 2.78 258,333 717,725.70
4.56 SON PL SONAE 5973992 0.67 1,052,991 701,879.27
4.50 NVG PL NAVIGATOR CO SA/THE 7018556 2.51 275,740 692,697.61
4.34 ATC NA ALTICE EUROPE NV BYT3416 4.80 139,237 668,846.02
4.21 ALTR PL ALTRI SGPS SA B13ZSL5 4.56 142,115 648,330.01
Holdings are subject to change.

Investing involves risk, including the possible loss of principal. International investing may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Securities focusing on a single country may be subject to higher volatility. PGAL 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. Global X NAVs are calculated using prices as of 4:00 PM Eastern Time. The closing price is the Mid-Point between the Bid and Ask price as of the close of exchange. Closing price returns 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.