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 (GREK) 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 12/10/18

Ticker GREK
Primary Exchange NYSE Arca
CUSIP 37950E366
ISIN US37950E3669
Bloomberg Index Ticker M1CXGXA
Net Assets $258,035,650
Management Fee 0.55%
Other Expenses 0.04%
Annual Fund Operating Expense 0.59%
Inception Date 12/7/11
Shares Outstanding 34,000,000
30-Day SEC Yield 2.64%
Distribution Frequency Annually
Distribution Calendar

Fund Prices

As of 12/10/18
NAV Price
Net Asset Value $7.59 Closing Price $0.00
Daily Change -$0.13 -1.63% Daily Change $0.00 0.00%

Performance History

Cumulative %

Data as of month end (11/30/18)

Fund NAV Closing Price Index
1 Month -2.34% -2.73% -2.25%
3 Months -14.87% -13.91% -14.37%
6 Months -17.40% -16.96% -17.49%
Since Inception -46.96% -47.06% -43.21%

Avg Annualized %

Data as of month end (11/30/18)

Fund NAV Closing Price Index
1 Year -17.43% -16.12% -17.26%
3 Years -3.33% -3.20% -2.24%
5 Years -18.66% -18.82% -18.04%
Since Inception -8.68% -8.71% -7.78%

Avg Annualized %

Data as of quarter end (9/30/18)

Fund NAV Closing Price Index
1 Year -9.59% -10.51% -9.55%
3 Years -2.60% -2.87% -1.79%
5 Years -14.47% -14.42% -13.83%
Since Inception -7.50% -7.56% -6.61%

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 inception through February 29, 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 12/10/18

Return on Equity 2.30%
Average Market Cap $1,386.00 M
2017 2018
Price-to-earnings 18.85 18.10
Price-to-book value 0.41 0.41

Source: AltaVista Research, LLC

Fund Risk Stats As of 12/10/18

Versus Beta
S&P 500 1.37
MSCI Emg. Mkts 0.88
Standard Deviation 26.70%

Source: AltaVista Research, LLC

Top 10 Holdings

As of 12/10/18
Net Assets % Name Market Price ($) Shares Held Market Value ($)
13.79 HELLENIC TELECOMMUN ORGAN 12.16 2,926,111 35,586,037.08
9.17 ALPHA BANK A.E. 1.42 16,644,458 23,669,593.29
7.25 OPAP SA 9.67 1,934,820 18,709,863.48
5.08 JUMBO SA 15.43 849,014 13,097,417.34
4.76 EUROBANK ERGASIAS SA 0.58 21,024,288 12,294,066.02
4.30 GASLOG LTD 19.81 560,522 11,103,940.82
4.29 MOTOR OIL (HELLAS) SA 23.49 471,275 11,071,477.53
4.01 GASLOG PARTNERS LP 21.99 470,467 10,345,569.33
3.39 NATIONAL BANK OF GREECE 1.28 6,864,439 8,754,307.30
3.20 HELLENIC PETROLEUM SA 8.70 947,523 8,246,360.58
Holdings are subject to change.

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. Greece’s ability to repay its sovereign debt is in question, and the possibility of default is not unlikely. GREK 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. 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. Closing price returns 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. 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 nor Global X is affiliated with MSCI.