RAYS


Solar ETF

Reasons to Consider RAYS

High Growth Potential

Forecasts suggest the global market for solar energy could reach $200bn by 2026, quadruple the market size in 2019.1

Advancing Clean Technologies

Solar is the most abundant energy resource on earth.2 Increased adoption of solar technologies could potentially help address global power insecurity and minimize the adverse environmental impacts of fossil fuel consumption.

Conscious Approach

RAYS incorporates Environmental, Social & Governance (ESG) screens and follows ESG proxy voting guidelines to affect positive change alongside financial returns.

1Facts & Factors, May 2021
2U.S. Department of Energy

Key Information As of 01/19/22

Inception Date 09/08/21
Total Expense Ratio 0.50%
Net Assets $6.28 million
NAV $20.27
Fact Sheet

ETF Summary

The Global X Solar ETF (RAYS) seeks to invest in companies positioned to benefit from the advancement of the global solar technology industry. This includes companies involved in solar power production; the integration of solar into energy systems; and the development/manufacturing of solar-powered generators, engines, batteries, and other technologies related to the utilization of solar as an energy source.

ETF Objective

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

Trading Details As of 01/19/22

Ticker RAYS
Bloomberg Index Ticker SOLRAYS
CUSIP 37960A701
ISIN US37960A7019
Primary Exchange Nasdaq
Shares Outstanding 310,000
Number of Holdings 50
30-Day Median Bid-Ask Spread 0.34%

Distributions As of 01/19/22

30-Day SEC Yield -0.11%
Distribution Frequency Semi-Annually

ETF Prices As of 01/19/22

NAV $20.27 Daily Change -$0.36 -1.75%
Market Price $20.28 Daily Change -$0.23 -1.14%

Performance History

As of recent month & quarter-end (12/31/21)
Fund NAV Market Price Index
Year-to-Date -- -- --
1 Month -9.28% -8.32% -9.24%
3 Months -0.70% -0.32% -0.60%
Since Inception -3.62% -2.79% -3.47%
Year-to-Date -- -- --
1 Month -9.28% -8.32% -9.24%
3 Months -0.70% -0.32% -0.60%
Since Inception -3.62% -2.79% -3.47%

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 of the Fund, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of 01/19/22

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
9.27 601012 C1 LONGI GREEN EN-A BRTL411 12.36 47,100 582,352.36
8.30 002129 C2 TIANJIN ZHONG-A BD5CMT4 6.42 81,200 521,486.66
7.72 300274 C2 SUNGROW POWER -A BD5CGB4 19.01 25,500 484,756.21
7.71 ENPH ENPHASE ENERGY INC B65SQW4 134.58 3,599 484,353.42
7.68 SEDG SOLAREDGE TECHNO BWC52Q6 232.09 2,078 482,283.02
6.99 002459 C2 JA SOLAR TECHN-A BMVB500 13.91 31,600 439,428.01
4.68 603806 C1 HANGZHOU FIRST-A BYYFJR8 18.16 16,200 294,160.45
4.27 968 HK XINYI SOLAR HOLDINGS LTD BGQYNN1 1.57 170,300 267,980.72
3.56 000591 C2 CECEP SOLAR EN-A BD5LQM2 1.59 140,600 223,638.54
3.29 300724 C2 SHENZHEN SC NE-A BKDQ8D3 14.47 14,300 206,962.42
3.21 009830 KS HANWHA SOLUTIONS CORP 6407768 32.56 6,197 201,756.74
3.18 RUN SUNRUN INC BYXB1Y8 27.71 7,219 200,038.49
2.58 DQ DAQO NEW ENERGY CORP-ADR B953PM3 42.75 3,795 162,236.25
1.86 002610 C2 JIANGSU AKCOME-A BD5LXM1 0.63 186,600 116,665.41
1.81 300118 C2 RISEN ENERGY CO LTD-A BD5LW24 3.87 29,400 113,899.65
1.77 AY ATLANTICA SUSTAI BLP5YB5 33.43 3,334 111,455.62
1.77 JKS JINKOSOLAR HOLDING CO-ADR B64H9N4 45.50 2,449 111,429.50
1.59 6865 HK FLAT GLASS GROUP CO LTD-H BYQ9774 4.36 22,900 99,933.90
1.56 SHLS SHOALS TECHNOL-A BMDJ085 17.52 5,598 98,076.96
1.55 ECV GR ENCAVIS AG 5491966 15.97 6,098 97,407.50
1.51 NOVA SUNNOVA ENERGY I BJ9N563 21.55 4,405 94,927.75
1.47 SCATC NO Scatec ASA BQSSWW3 15.13 6,107 92,405.37
1.28 SPWR SUNPOWER CORP B59DK93 18.92 4,237 80,164.04
1.25 ARRY ARRAY TECHNOLOGIES INC BLBLMD5 11.52 6,805 78,393.60
1.03 CSIQ CANADIAN SOLAR INC B1GKCH1 26.40 2,443 64,495.20
0.84 AZRE AZURE POWER GLOBAL LTD BDG16Z4 15.76 3,356 52,890.56
0.84 3576 TT UNITED RENEWABLE B284BT3 0.75 70,618 52,628.50
0.80 MBTN SW MEYER BURGER TEC B5NC0D0 0.40 126,900 50,330.65
0.70 3868 HK XINYI ENERGY HOLDINGS LTD BGSN864 0.54 81,300 43,826.65
0.52 1407 JP WEST HOLDINGS CORP B0YQ5X1 28.69 1,140 32,702.47
0.47 6443 TT TSEC CORP BK0S597 1.42 20,700 29,468.19
0.41 2406 TT GIGASTORAGE CORP 6246961 0.95 26,800 25,547.82
0.40 6244 TT MOTECH INDUSTRIES INC 6609445 1.16 21,700 25,121.65
0.40 6125 TT KENMEC 6431251 1.01 24,800 25,076.79
0.36 SOLT SS SOLTECH ENERGY SWEDEN AB BYRYDN6 2.22 10,273 22,774.52
0.36 SSP-R TB SERMSANG POWER CORP-NVDR BD7Y4F8 0.39 57,376 22,585.56
0.36 4934 TT TAINERGY TECH CO LTD B61GMJ1 1.23 18,100 22,329.11
0.32 SOLAR MK SOLARVEST HOLDINGS BHD BJCVZH5 0.28 73,078 20,217.14
0.31 SOL RENESOLA LTD-ADR BYM5JB4 5.88 3,291 19,351.08
0.29 S92 GR SMA SOLAR TECHNOLOGY AG B3B20H2 36.98 492 18,196.38
0.28 ESEN TI ESENBOGA ELEKTRI BMHYTB2 2.24 7,720 17,303.52
0.26 3150 JP GREMZ INC B4Y5ZP8 18.32 891 16,325.39
0.25 FTCI FTC SOLAR INC BP09YX2 4.46 3,483 15,534.18
0.23 MAXN MAXEON SOLAR TECHNOLOGIE BMH1V17 11.34 1,293 14,662.62
0.23 451 HK GCL NEWENERGY BSNLDG2 0.03 547,100 14,114.36
0.17 BEEM BEAM GLOBAL BLN8XL9 13.24 800 10,592.00
0.14 3856 JP ABALANCE CORP B2416M6 17.93 505 9,054.14
0.14 SUNW SUNWORKS INC BKS3LF2 2.35 3,622 8,511.70
0.05 CASH 2.61 1,121 2,924.16
0.00 GIGASTORAGE CORP - RTS 0.05 5,030 245.66
0.00 AZURE POWER GLOBAL RTS 0.00 3,401 0.00
Holdings are subject to change.

Sector Breakdown As of 12/31/21

Sector Weight (%)
Information Technology 66.4
Industrials 21.9
Utilities 9.2
Materials 2.6

Source: AltaVista Research, LLC

Country Breakdown As of 12/31/21

Country Weight (%)
China 56.5
United States 27.8
Taiwan 2.8
South Korea 2.6
Germany 1.8
Britain 1.7
Norway 1.5
Japan 1.3
Canada 1.1
Switzerland 0.8
India 0.6
Other/Cash 1.5

Source: AltaVista Research, LLC

ETF Characteristics As of 01/19/22

Return on Equity 16.00%
Weighted Avg. Market Cap 17,693 M
2020 2021
Price-to-earnings 67.60 30.55
Price-to-book value 5.24 4.59

Source: AltaVista Research, LLC

ETF Research

Investing involves risk, including the possible loss of principal. The investable universe of companies in which RAYS may invest may be limited. Narrowly focused investments will be more susceptible to factors affecting that sector and subject to more volatility. Solar companies typically face intense competition, short product lifecycles and potentially rapid product obsolescence. These companies may be significantly affected by fluctuations in energy prices (both solar and conventional energy) and in the supply and demand of renewable energy, tax incentives, subsidies and other governmental regulations and policies. Solar companies may be adversely affected by commodity price volatility, changes in exchange rates, imposition of import controls, availability of certain inputs and materials required for production, depletion of resources, technological developments and labor relations. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. RAYS 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. The 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, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. 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 Solactive AG, nor does Solactive 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 Solactive AG.

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