For all of the daily talk about “Greece,” it makes sense for us to revisit a fund that has notable exposure to the country in terms of its equity weightings, SEA (Guggenheim Shipping, Expense Ratio 0.66%).

According to fund literature, Greece is the fourth largest single country weighting in the fund with a 7.96% allocation. Greece falls behind Japan (12.39%), Denmark (21.57%), and the United States (31.77%) in terms of the three larger single country allocations in this fund.

From a single equity standpoint, we see the largest holdings in SEA as follows: 1) AP Moeller-Maersk A/S-B (18.46%), Nippon Yusen KK (7.96%),l Kawasaki Kisen Kaisha Ltd (4.59%), Cosco Pacific Ltd (4.58%), and Matson Inc. (4.43%).

Clearly there is evidence of some overweight to a single equity name here, that being the greater than 18% weighting to AP Moeller-Maersk A/S-B, and we see a total of twenty five individual securities in this portfolio at the moment.

SEA had a tough time last week, plunging as low as $17.15 on an intraday basis just four trading sessions ago, but it has impressively rallied back near an $18 handle, presumably on global equity stabilization post the Greece “deal.”