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 07/23/21

Key Facts

Ticker PGAL
Inception Date 11/12/13
CUSIP 37950E192
ISIN US37950E1929
Bloomberg Index Ticker M1CXGXE
Primary Exchange NYSE Arca
Number of Holdings 24

Stats & Fees

Net Assets $14,755,153
Net Asset Value (NAV) $10.93
Shares Outstanding 1,350,000
Total Expense Ratio 0.58%

Distributions

30-Day SEC Yield 4.40%
Distribution Frequency Semi-Annually

Fund Prices As of 07/23/21

NAV $10.93 Daily Change $0.10 0.91%
Market Price $10.90 Daily Change $0.13 1.21%
30-Day Median Bid-Ask Spread 0.95%

Performance History

As of recent month & quarter-end (06/30/21)
As of recent month & quarter-end (06/30/21)
Fund NAV Market Price Index
1 Year 23.89% 23.49% 23.89%
3 Years -0.19% -0.05% -0.22%
5 Years 7.74% 7.65% 7.67%
Since Inception -0.44% -0.42% -0.36%
1 Year 23.89% 23.49% 23.89%
3 Years -0.19% -0.05% -0.22%
5 Years 7.74% 7.65% 7.67%
Since Inception -0.44% -0.42% -0.36%
Year-to-Date 2.88% 3.45% 2.71%
1 Month -7.35% -7.63% -6.57%
3 Months 2.97% 2.71% 2.63%
Since Inception -3.29% -3.17% -2.71%
Year-to-Date 2.88% 3.45% 2.71%
1 Month -7.35% -7.63% -6.57%
3 Months 2.97% 2.71% 2.63%
Since Inception -3.29% -3.17% -2.71%

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. 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 07/23/21

Return on Equity 8.90%
Weighted Avg. Market Cap 9,082 M
2020 2021
Price-to-earnings 27.28 15.11
Price-to-book value 1.36 1.32

Source: AltaVista Research, LLC

Fund Risk Stats As of 07/23/21

Versus Beta
S&P 500 0.98
MSCI EAFE 1.18
MSCI Emg. Mkts 0.88
Standard Deviation 23.20%

Source: AltaVista Research, LLC

Sector Breakdown As of 06/30/21

% of Net Assets
Utilities 33.1
Energy 17.8
Materials 15.5
Consumer Staples 9.4
Industrials 8.8
Financials 8.1
Communication Services 5.8
Consumer Discretionary 0.9
Information Technology 0.6

Source: AltaVista Research, LLC

Top Holdings As of 07/23/21

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
23.93 EDP PL EDP 4103596 5.37 656,926 3,530,215.23
16.30 GALP PL GALP ENERGIA SGPS SA B1FW751 9.82 244,889 2,404,447.47
5.49 EDPR PL EDP RENOVAVEIS SA B39GNW2 24.68 32,821 809,880.36
5.36 CTT PL CTT-CORREIOS DE PORTUGAL BGQYC45 5.22 151,384 790,544.86
4.99 JMT PL JERONIMO MARTINS B1Y1SQ7 19.62 37,493 735,545.96
4.91 COR PL CORTICEIRA AMORIM SA 4657736 12.75 56,849 724,795.83
4.73 SON PL SONAE 5973992 0.93 749,788 698,437.01
4.72 NOS PL NOS SGPS B0B9GS5 3.72 187,089 696,662.99
4.72 RENE PL REN-REDE ENERGET B233HR5 2.78 250,932 696,516.85
4.39 NVG PL NAVIGATOR CO SA/THE 7018556 3.49 185,444 647,351.65
4.27 656 HK FOSUN INTERNATIONAL LTD B1Z7FX0 1.50 421,490 630,405.36
3.69 ALTR PL ALTRI SGPS SA B13ZSL5 6.10 89,325 544,735.10
3.64 BCP PL BANCO COM PORT-R BZCNN35 0.14 3,720,182 537,749.04
2.34 SEM PL SEMAPA 5962934 13.64 25,332 345,613.78
1.45 EGL PL MOTA ENGIL SGPS SA 7025471 1.49 143,079 213,382.46
1.39 GSJ SM GRUPO EMPRESARIA B3NQ9K8 6.30 32,603 205,535.07
0.89 IBS PL IBERSOL SGPS SA 7003671 6.70 19,485 130,628.77
0.86 PHR PL PHAROL SGPS SA 5817186 0.12 1,066,978 127,249.77
0.72 NBA PL NOVABASE SGPS SA 4063612 5.33 19,943 106,255.71
0.62 SNC PL SONAECOM SGPS SA 5972290 1.86 49,336 91,682.11
0.46 RAM PL RAMADA INVESTIME B39Z233 6.82 10,025 68,387.38
0.13 CASH 0.99 19,533 19,267.43
0.00 GVOLT PL GREENVOLT-ENERGI BMFBLL9 5.67 0 0.51
0.00 BES PL BANCO ESPIRITO SANTO-REG 4058061 0.00 2,085,614 0.00
0.00 BANIF PL BANIF - BANCO INTERNACION B97HZT0 0.00 55,479,410 0.00
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. 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.