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DAX

DAX Germany ETF

 

Reasons to Consider DAX

Growth Potential

GDP growth is slowing in Germany, but companies in the DAX Index rely heavily on export markets and could see potential near-term tailwinds from a resilient U.S. economy and euro weakness.

Targeted Exposure

The ETF provides targeted exposure to Germany, the largest economy in Europe by GDP.

Efficient Access

DAX delivers efficient access to 40 of the largest and most liquid publicly traded companies in Germany, spanning a range of economic sectors.

Key Information As of 10/28/24

Inception Date 10/22/14
Total Expense Ratio 0.20%
Net Assets $71.84 million
NAV $34.37
Fact Sheet View the document

ETF Summary

The Global X DAX Germany ETF (DAX) is the only U.S. listed ETF that seeks to track the premiere German DAX Index, comprised of the 40 largest and most liquid companies admitted to the FWB Frankfurt Stock Exchange.

ETF Objective

The Global X DAX Germany ETF (DAX) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the DAX Index.

Trading Details As of 10/28/24

Ticker DAX
Bloomberg Index Ticker DAX
CUSIP 37954Y491
ISIN US37954Y4917
Primary Exchange Nasdaq
Shares Outstanding 2,090,000
Number of Holdings 41
30-Day Median Bid-Ask Spread 0.41%

Distributions As of 10/28/24

30-Day SEC Yield 2.50%
Distribution Frequency Semi-Annually

ETF Prices As of 10/28/24

NAV $34.37 Daily Change $0.08 0.23%
Market Price $34.28 Daily Change $0.20 0.59%

Performance History

As of recent month & quarter-end (09/30/24)
As of recent month & quarter-end (09/30/24)
Fund NAV Market Price Index
1 Year 31.43% 32.33% 32.39%
3 Years 6.10% 6.17% 6.84%
5 Years 9.08% 9.12% 9.74%
Since Inception 5.90% 5.91% 5.95%
1 Year 31.43% 32.33% 32.39%
3 Years 6.10% 6.17% 6.84%
5 Years 9.08% 9.12% 9.74%
Since Inception 5.90% 5.91% 5.95%
Year-to-Date 15.83% 16.16% 16.55%
1 Month 3.05% 3.48% 3.06%
3 Months 10.28% 10.55% 10.35%
Since Inception 76.84% 76.96% 77.77%
Year-to-Date 15.83% 16.16% 16.55%
1 Month 3.05% 3.48% 3.06%
3 Months 10.28% 10.55% 10.35%
Since Inception 76.84% 76.96% 77.77%

The Fund was re-organized effective December 24, 2018. Returns presented above reflect the performance of the predecessor Fund through December 21, 2018.

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). 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. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of 10/28/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
15.63 SAP GR SAP SE 4846288 240.93 47,016 11,327,502.00
9.55 SIE GR SIEMENS AG-REG 5727973 196.72 35,172 6,919,181.77
8.09 ALV GR ALLIANZ SE-REG 5231485 320.23 18,318 5,865,945.43
7.06 DTE GR DEUTSCHE TELEKOM AG-REG 5842359 30.56 167,493 5,118,979.22
5.74 AIR GR AIRBUS SE 4012346 151.26 27,518 4,162,501.63
4.45 MUV2 GR MUENCHENER RUE-R 5294121 515.50 6,255 3,224,470.97
2.90 DB1 GR DEUTSCHE BOERSE AG 7021963 236.28 8,883 2,098,845.88
2.86 BAS GR BASF SE 5086577 49.60 41,740 2,070,201.77
2.83 IFX GR INFINEON TECHNOLOGIES AG 5889505 33.52 61,077 2,047,044.88
2.82 MBG GR MERCEDES-BENZ GROUP AG 5529027 62.13 32,930 2,045,967.83
2.64 DHL GR DHL GROUP 4617859 41.10 46,587 1,914,706.85
2.48 ADS GR ADIDAS AG 4031976 231.30 7,778 1,799,052.73
2.21 DBK GR DEUTSCHE BANK-RG 5750355 17.15 93,291 1,599,695.30
1.87 EOAN GR E.ON SE 4942904 13.90 97,525 1,355,774.12
1.79 BAYN GR BAYER AG-REG 5069211 28.24 45,946 1,297,596.48
1.76 ENR GR SIEMENS ENERGY AG BMTVQK9 41.06 30,988 1,272,253.28
1.57 BMW GR BMW AG 5756029 81.70 13,947 1,139,491.36
1.56 DTG GR DAIMLER TRUCK HOLDING AG BP6VLQ4 41.89 26,937 1,128,373.37
1.52 VNA GR VONOVIA SE BBJPFY1 33.67 32,807 1,104,521.97
1.49 RHM GR RHEINMETALL AG 5334588 530.65 2,036 1,080,401.15
1.45 RWE GR RWE AG 4768962 33.28 31,628 1,052,510.20
1.40 MRK GR MERCK KGAA 4741844 168.34 6,044 1,017,424.76
1.32 VOW3 GR Volkswagen AG 5497168 99.38 9,645 958,510.61
1.18 CBK GR COMMERZBANK AG B90LKT4 17.52 48,696 852,920.18
1.16 MTX GR MTU AERO ENGINES AG B09DHL9 332.35 2,518 836,845.32
1.04 HNR1 GR HANNOVER RUECK SE 4511809 267.54 2,810 751,793.71
1.01 SY1 GR SYMRISE AG B1JB4K8 124.20 5,879 730,152.54
1.00 FRE GR FRESENIUS SE & CO KGAA 4352097 37.48 19,386 726,497.87
0.95 SHL GR SIEMENS HEALTHINEERS AG BD594Y4 53.42 12,940 691,279.40
0.95 HEI GR HEIDELBERG MATERIALS AG 5120679 109.05 6,303 687,347.08
0.93 HEN3 GR HENKEL AG & CO KGAA 5076705 88.99 7,579 674,479.67
0.88 DFWZ4 Index DAX MINI FUTURE DEC24 106,183.87 6 637,103.23
0.85 BEI GR BEIERSDORF AG 5107401 139.45 4,407 614,559.90
0.76 1COV GR COVESTRO AG BYTBWY9 62.99 8,786 553,390.44
0.76 OTHER PAYABLE & RECEIVABLES 1.00 547,684 547,683.80
0.60 QIA GR QIAGEN N.V. BMHCW17 42.02 10,405 437,265.75
0.55 BNR GR BRENNTAG SE B4YVF56 66.27 5,989 396,916.87
0.51 P911 GR Dr Ing hc F Porsche AG BJN59B8 72.27 5,116 369,721.96
0.47 ZAL GR ZALANDO SE BQV0SV7 31.27 10,997 343,827.27
0.44 CON GR CONTINENTAL AG 4598589 63.33 5,010 317,291.69
0.43 SRT3 GR SRT3 5843329 267.22 1,165 311,308.61
0.42 PAH3 GR PAH3 7101069 42.96 7,109 305,405.36
0.12 CASH 1.00 84,976 84,976.21
0.00 EURO 1.08 2,451 2,651.44
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 09/30/24

Sector Weight (%)
Financials 20.4
Industrials 18.4
Information Technology 17.7
Materials 12.0
Consumer Discretionary 10.8
Communication Services 6.8
Health Care 6.8
Utilities 3.6
Consumer Staples 1.9
Real Estate 1.7

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Capital Goods 15.9
Software & Services 15.1
Insurance 14.3
Materials 12.2
Telecommunication Services 7.0
Automobiles & Components 5.7
Pharmaceuticals, Biotechnology & Life Sciences 4.4
Utilities 3.6
Banks 3.5
Financial Services 3.0
Semiconductors & Semiconductor Equipment 3.0
Other 12.3

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 10/28/24

Return on Equity 11.90%
Weighted Avg. Market Cap 104,117 M
2023 2024
Price-to-earnings 13.45 13.45
Price-to-book value 1.65 1.54

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 09/30/24

Versus Beta
S&P 500 1.08
NASDAQ-100 0.71
MSCI EAFE 1.27
MSCI Emg. Mkts 1.05
Standard Deviation 23.50%

Source: new windowAltaVista Research, LLC

ETF Documents

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. DAX 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 Deutsche Börse AG, nor does Deutsche Börse AG 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 Deutsche Börse AG.