Fund Summary

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

Fund Objective

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


Efficient Access

Efficient access to a broad basket of Greek securities.

Targeted Exposure

Targeted single country exposure.

Unique Offering

The first and only ETF to directly target Greece.

Fund Details As of 8/17/18

Ticker GREK
Primary Exchange NYSE Arca
CUSIP 37950E366
ISIN US37950E3669
Bloomberg Index Ticker M1CXGXA
Net Assets $354,869,245
Management Fee 0.55%
Other Expenses 0.04%
Annual Fund Operating Expense 0.59%
Inception Date 12/7/11
Shares Outstanding 42,000,000
30-Day SEC Yield 2.18%
Distribution Frequency Annually
Distribution Calendar

Fund Prices

As of 8/17/18
NAV Price
Net Asset Value $8.45 Closing Price $8.51
Daily Change $0.03 0.34% Daily Change $0.14 1.67%

Performance History

Cumulative %

Data as of month end (7/31/18)

Fund NAV Closing Price Index
1 Month 0.22% 1.86% 0.22%
3 Months -13.35% -12.66% -13.22%
6 Months -18.02% -17.46% -17.77%
Since Inception -34.37% -34.20% -29.55%

Avg Annualized %

Data as of month end (7/31/18)

Fund NAV Closing Price Index
1 Year -8.49% -6.59% -7.66%
3 Years 1.16% 0.17% -5.41%
5 Years -9.61% -9.63% -8.84%
Since Inception -6.14% -6.10% -5.13%

Avg Annualized %

Data as of quarter end (6/30/18)

Fund NAV Closing Price Index
1 Year -6.33% -7.66% -5.44%
3 Years 0.39% -1.70% -5.74%
5 Years -8.32% -8.86% -7.34%
Since Inception -6.25% -6.44% -5.23%

The Fund's name, investment objective and investment strategies changed effective March 1, 2016. Fund performance prior to March 1, 2016 reflects the investment objective and strategies of the Fund when it was the Global X FTSE Greece 20 ETF, which tracked the FTSE/ATEHX Custom Capped Index. Therefore the Hybrid Greece Index (noted as "Index" above in the chart) consists of the FTSE/ATHEX Custom Capped Index from December 23, 2015 through March 1, 2016 and then the MSCI All Greece Select 25/50 Index thereafter.

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 8/16/18

Return on Equity 1.90%
Average Market Cap $1,417.00 M
2016 2017
Price-to-earnings 22.04 15.47
Price-to-book value 0.30 0.30

Source: AltaVista Research, LLC

Fund Risk Stats As of 8/16/18

Versus Beta
S&P 500 1.37
MSCI Emg. Mkts 0.94
Standard Deviation 28.60%

Source: AltaVista Research, LLC

Top 10 Holdings

As of 8/17/18
Net Assets % Name Market Price ($) Shares Held Market Value ($)
12.38 HELLENIC TELECOMMUN ORGAN 12.15 3,615,629 43,932,058.01
10.33 ALPHA BANK A.E. 1.78 20,569,739 36,657,081.94
7.47 OPAP SA 10.39 2,550,898 26,498,489.78
5.73 NATIONAL BANK OF GREECE 0.26 77,560,043 20,316,926.26
5.69 EUROBANK ERGASIAS SA 0.84 23,926,664 20,200,492.14
4.75 GASLOG PARTNERS LP 24.55 686,399 16,851,095.45
3.69 GASLOG LTD 16.30 802,964 13,088,313.20
3.51 PIRAEUS BANK S.A 2.61 4,768,098 12,457,438.01
3.33 JUMBO SA 15.11 781,983 11,812,270.30
3.16 TITAN CEMENT CO. S.A. 21.79 513,747 11,195,171.36
Holdings are subject to change.

Shares 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. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

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.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses. This and other information can be found in the Fund’s full and summary 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. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Solactive AG, FTSE, Standard & Poors, NASDAQ, 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, 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. Securities focusing on a single country may be subject to higher volatility. Investments are concentrated in companies in Greece. Greece’s economy is heavily dependent on the services sector and has a large public sector. Key trading partners are member states of the EU, most notably Germany, Spain, Italy and the United Kingdom. Decreasing demand for Greek products and services or changes in governmental regulations on trade may have a significantly adverse effect on Greece’s economy. Greece’s ability to repay its sovereign debt is in question, and the possibility of default is not unlikely.

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