NGE


MSCI Nigeria ETF

Fund Summary

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

Fund Objective

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

Why NGE?

Efficient Access

Efficient access to a broad basket of Nigerian 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 8/29/16

Ticker NGE
Primary Exchange NYSE Arca
CUSIP 37950E424
ISIN US37950E4246
Net Assets $22,674,560.82
Management Fee 0.68%
Other Expenses 0.25%
Annual Fund Operating Expense 0.93%
Inception Date 4/2/13
Shares Outstanding 5,150,000
30-Day SEC Yield 4.70%
Distribution Calendar

Fund Prices

As of 8/29/16
NAV Price
Net Asset Value $4.40 Closing Price $4.56
Daily Change ($0.02) -0.53% Daily Change $0.03 0.66%

Performance History

Cumulative %

Data as of month end (7/31/16)

Fund NAV Closing Price Index
1 Month -16.26% -16.97% -16.33%
3 Months -27.38% -28.80% -26.64%
6 Months -26.17% -25.74% -24.67%
Since Inception -68.48% -67.33% -66.30%

Avg Annualized %

Data as of month end (7/31/16)

Fund NAV Closing Price Index
1 Year -44.65% -42.78% -42.65%
3 Years -31.04% -31.03% -29.61%
5 Years -- -- --
Since Inception -29.31% -28.55% -27.85%

Avg Annualized %

Data as of quarter end (6/30/16)

Fund NAV Closing Price Index
1 Year -42.62% -41.60% -40.48%
3 Years -25.63% -25.03% -24.03%
5 Years -- -- --
Since Inception -26.00% -24.98% -24.43%

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 8/29/16

Return on Equity 10.30%
Average Market Cap $1,254.00 M
2015 2016
Price-to-earnings 11.46 8.64
Price-to-book value 0.92 0.86

Source: AltaVista Research, LLC

Fund Risk Stats As of 8/29/16

Versus Beta
S&P 500 0.22
MSCI EAFE 0.25
MSCI Emg. Mkts 0.20
Standard Deviation 27.50%

Source: AltaVista Research, LLC

Top 10 Holdings

As of 8/29/16
Net Assets % Name Market Price ($) Shares Held Market Value ($)
19.61 NIGERIAN BREWERIES PLC 0.44 10,119,883 4,445,675.05
12.33 GUARANTY TRUST BANK 0.08 33,913,398 2,796,037.10
8.08 NESTLE NIGERIA PLC 2.62 699,121 1,832,485.54
7.12 ZENITH BANK PLC 0.05 33,193,300 1,613,526.58
4.96 DANGOTE CEMENT PLC 0.55 2,038,481 1,123,674.20
4.88 ACCESS BANK PLC 0.02 62,141,880 1,105,622.01
4.67 UNITED BANK FOR AFRICA PL 0.01 74,843,662 1,058,155.03
4.37 UNILEVER NIGERIA PLC 0.13 7,852,570 991,706.62
3.65 STANBIC IBTC HOLDINGS PLC 0.05 17,970,800 827,884.35
3.30 LAFARGE AFRICA PLC 0.18 4,058,986 747,962.47
Holdings are subject to change.

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.

Since the Fund’s Shares typically do not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in Shares, the NAV of the Fund is used to calculate market returns.

Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

Carefully consider the fund’s investment objectives, risks, and charges and expenses. This and other information can be found in the fund’s prospectus. 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. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Solactive AG, FTSE, Standard & Poors, NASDAQ, S-Network, Indxx, or MSCI nor do these companies make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO nor Global X is affiliated with Solactive AG, FTSE, Standard & Poors, NASDAQ, S-Network, Indxx, or MSCI.

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. Narrowly focused investments may be subject to higher volatility. Investment in African securities involves heightened risks, including expropriation and/or nationalization of assets, confiscatory taxation, political instability, including authoritarian and/or military involvement in governmental decision-making, armed conflict, the impact on the economy as a result of civil war, and social instability as a result of religious, ethnic and/or socioeconomic unrest and, in certain countries, genocidal warfare. The economic development of Nigeria has been significantly hindered by military rule, mismanagement, corruption and ethnic conflict. The Nigerian economy is heavily dependent on oil, and the industry makes up a significant portion of Nigeria’s GDP. Nigeria also suffers from the prevalence of organized crime and corruption, which makes it more difficult for citizens and companies to do business in Nigeria and has significant impact on the Nigerian economy. The oil industry is cyclical and highly dependent on the market price of oil. The market value of companies in the oil industry are strongly affected by the levels and volatility of global oil prices, oil supply and demand, capital expenditures on exploration and production, energy conservation efforts, the prices of alternative fuels, exchange rates and technological advances.

High short-term performance of the fund is unusual and investors should not expect such performance to be repeated.