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 10/21/16

Ticker GREK
Primary Exchange NYSE Arca
CUSIP 37950E366
ISIN US37950E3669
Net Assets $246,829,931.46
Management Fee 0.55%
Other Expenses 0.08%
Annual Fund Operating Expense 0.63%
Inception Date 12/7/11
Shares Outstanding 33,400,000
30-Day SEC Yield 1.58%
Distribution Frequency Annually
Distribution Calendar

Fund Prices

As of 10/21/16
NAV Price
Net Asset Value $7.39 Closing Price $7.44
Daily Change ($0.07) -0.96% Daily Change ($0.02) -0.27%

Performance History

Cumulative %

Data as of month end (9/30/16)

Fund NAV Closing Price Index
1 Month -3.50% -2.58% -3.34%
3 Months 4.07% -0.42% 4.01%
6 Months -5.79% -4.91% -5.42%
Since Inception -51.40% -51.34% -48.86%

Avg Annualized %

Data as of month end (9/30/16)

Fund NAV Closing Price Index
1 Year -23.58% -23.80% -22.80%
3 Years -27.67% -27.46% -27.11%
5 Years -- -- --
Since Inception -13.92% -13.90% -12.99%

Avg Annualized %

Data as of quarter end (9/30/16)

Fund NAV Closing Price Index
1 Year -23.58% -23.80% -22.80%
3 Years -27.67% -27.46% -27.11%
5 Years -- -- --
Since Inception -13.92% -13.90% -12.99%

The Fund's name, investment objective and investment strategies changed effective March 1, 2016. Fund performance prior to March 1, 2016 will reflect the investment objective and strategies of the Fund when it was the Global X FTSE Greece 20 ETF. The Hybrid Greece Index (noted as "Index" above in the chart) consists of the FTSE/ATHEX Custom Capped Index from the inception of the Fund through March 1, 2016.

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 10/20/16

Return on Equity 2.20%
Average Market Cap $1,085.00 M
2015 2016
Price-to-earnings 11.35 14.24
Price-to-book value 0.31 0.31

Source: AltaVista Research, LLC

Fund Risk Stats As of 10/20/16

Versus Beta
S&P 500 2.29
MSCI Emg. Mkts 1.21
Standard Deviation 37.50%

Source: AltaVista Research, LLC

Top 10 Holdings

As of 10/21/16
Net Assets % Name Market Price ($) Shares Held Market Value ($)
12.15 ALPHA BANK A.E. 1.74 17,247,034 29,998,754.62
10.96 HELLENIC TELECOMMUN ORGAN 8.85 3,056,282 27,044,979.21
7.01 OPAP SA 8.56 2,021,058 17,291,088.47
5.48 NATIONAL BANK OF GREECE 0.21 63,169,991 13,528,382.21
4.94 EUROBANK ERGASIAS SA 0.59 20,775,766 12,196,062.14
4.93 PIRAEUS BANK S.A 0.16 75,635,992 12,169,116.43
4.68 JUMBO SA 13.64 845,897 11,540,643.73
4.55 GASLOG LTD 16.85 665,944 11,221,156.40
2.74 GASLOG PARTNERS LP 21.40 316,062 6,763,726.80
2.58 MOTOR OIL (HELLAS) SA 12.15 523,415 6,361,459.86
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. 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.