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 10/26/20

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 $13,858,085
NAV $8.94
Shares Outstanding 1,550,000
Total Expense Ratio 0.58%

Distributions

30-Day SEC Yield 5.47%
Distribution Frequency Semi-Annually

Fund Prices As of 10/26/20

NAV Price 30-Day Median Bid-Ask Spread
Net Asset Value $8.94 Market Price $8.90 1.56%
Daily Change -$0.23 -2.55% Daily Change -$0.25 -2.73%  

Performance History

Cumulative %

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

Fund NAV Market Price Index
Year-to-Date -17.36% -17.60% -17.44%
1 Month -7.11% -7.72% -7.03%
3 Months -2.28% -3.24% -2.16%
6 Months 10.75% 11.20% 10.53%
Since Inception -23.71% -24.13% -23.17%

Avg Annualized %

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

Fund NAV Market Price Index
1 Year -8.33% -8.66% -8.32%
3 Years -6.13% -6.43% -6.10%
5 Years 2.13% 2.04% 2.10%
Since Inception -3.86% -3.93% -3.75%

Avg Annualized %

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

Fund NAV Market Price Index
1 Year -8.33% -8.66% -8.32%
3 Years -6.13% -6.43% -6.10%
5 Years 2.13% 2.04% 2.10%
Since Inception -3.86% -3.93% -3.75%

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 10/26/20

Return on Equity 5.00%
Weighted Avg. Market Cap 7,679 M
2019 2020
Price-to-earnings 11.61 22.83
Price-to-book value 1.15 1.16

Source: AltaVista Research, LLC

Fund Risk Stats As of 10/26/20

Versus Beta
S&P 500 0.84
MSCI EAFE 1.03
MSCI Emg. Mkts 0.74
Standard Deviation 17.80%

Source: AltaVista Research, LLC

Sector Breakdown As of 09/30/20

% of Net Assets
Utilities 33.5
Energy 18.3
Materials 16.7
Industrials 11.6
Communication Services 10.4
Consumer Staples 4.8
Financials 3.7
Consumer Discretionary 1.0

Source: AltaVista Research, LLC

Top 10 Holdings As of 10/26/20

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
24.96 EDP PL EDP 4103596 5.11 677,526 3,458,889.53
18.20 GALP PL GALP ENERGIA SGPS SA B1FW751 9.15 275,456 2,521,486.85
5.70 EDPR PL EDP RENOVAVEIS SA B39GNW2 18.88 41,843 790,180.97
5.14 JMT PL JERONIMO MARTINS B1Y1SQ7 17.12 41,608 712,233.37
4.77 COR PL CORTICEIRA AMORIM SA 4657736 11.82 55,952 661,214.84
4.70 RENE PL REN-REDE ENERGET B233HR5 2.77 235,533 651,320.28
4.54 ATC NA ALTICE EUROPE NV BYT3416 4.96 126,937 629,284.70
4.16 SON PL SONAE 5973992 0.60 959,991 576,879.49
4.16 NOS PL NOS SGPS B0B9GS5 3.56 161,542 575,763.03
4.12 NVG PL NAVIGATOR CO SA/THE 7018556 2.27 251,440 570,509.10
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.