| NAV | $18.75 | Daily Change | -$0.37 | -1.94% |
| Market Price | $18.80 | Daily Change | -$0.29 | -1.52% |
Forecasts suggest the global market for solar energy could reach $200bn by 2026, quadruple the market size in 2019.1
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.
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
| Inception Date | 09/08/21 |
| Total Expense Ratio | 0.51% |
| Net Assets | $4.13 million |
| NAV | $18.75 |
| Fact Sheet |
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.
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.
| Ticker | RAYS |
| Bloomberg Index Ticker | SOLRAYS |
| CUSIP | 37960A701 |
| ISIN | US37960A7019 |
| Primary Exchange | Nasdaq |
| Shares Outstanding | 220,000 |
| Number of Holdings | 48 |
| 30-Day Median Bid-Ask Spread | 0.33% |
| 30-Day SEC Yield | -0.10% |
| Distribution Frequency | Semi-Annually |
| NAV | $18.75 | Daily Change | -$0.37 | -1.94% |
| Market Price | $18.80 | Daily Change | -$0.29 | -1.52% |
|
As of recent (03/31/23)
As of recent (03/31/23)
|
Fund NAV | Market Price | Index |
|---|---|---|---|
| 1 Year | -2.48% | -2.16% | -1.87% |
| Since Inception | -9.19% | -9.11% | -8.65% |
| 1 Year | 8.36% | 8.87% | 9.02% |
| Since Inception | -13.53% | -13.62% | -13.04% |
| Year-to-Date | 1.96% | 2.26% | 2.17% |
| 1 Month | -1.23% | -0.76% | -1.23% |
| 3 Months | 1.96% | 2.26% | 2.17% |
| Since Inception | -13.95% | -13.83% | -13.16% |
| Year-to-Date | -6.66% | -6.67% | -6.46% |
| 1 Month | -8.46% | -8.73% | -8.45% |
| 3 Months | -16.81% | -17.52% | -16.69% |
| Since Inception | -21.23% | -21.36% | -20.50% |
Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.
| Net Assets (%) | Ticker | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
|---|---|---|---|---|---|---|
| 12.79 | FSLR | FIRST SOLAR INC | B1HMF22 | 201.77 | 2,615 | 527,628.55 |
| 10.13 | 300274 C2 | SUNGROW POWER -A | BD5CGB4 | 16.13 | 25,900 | 417,887.34 |
| 9.62 | 002459 C2 | JA SOLAR TECHN-A | BMVB500 | 5.69 | 69,804 | 397,051.36 |
| 6.78 | 601012 C1 | LONGI GREEN EN-A | BRTL411 | 4.46 | 62,760 | 279,637.83 |
| 5.40 | SEDG | SOLAREDGE TECHNO | BWC52Q6 | 294.41 | 757 | 222,868.37 |
| 5.37 | ENPH | ENPHASE ENERGY INC | B65SQW4 | 165.20 | 1,341 | 221,533.20 |
| 5.02 | 002129 C2 | TCL ZHONGHUAN -A | BD5CMT4 | 5.79 | 35,800 | 207,179.44 |
| 4.27 | 688599 C1 | TRINA SOLAR CO LTD-A | BP91P03 | 6.82 | 25,847 | 176,168.04 |
| 3.20 | 968 HK | XINYI SOLAR HOLDINGS LTD | BGQYNN1 | 1.06 | 124,100 | 132,101.32 |
| 2.92 | 300724 C2 | SHENZHEN SC NE-A | BKDQ8D3 | 15.42 | 7,800 | 120,298.84 |
| 2.72 | 603806 C1 | HANGZHOU FIRST-A | BYYFJR8 | 4.75 | 23,632 | 112,184.62 |
| 2.33 | 300763 C2 | GINLONG TECHNO-A | BMQBTQ9 | 14.87 | 6,450 | 95,927.71 |
| 2.30 | 009830 KS | HANWHA SOLUTIONS CORP | 6407768 | 33.90 | 2,795 | 94,752.92 |
| 2.14 | ARRY | ARRAY TECHNOLOGIES INC | BLBLMD5 | 23.03 | 3,838 | 88,389.14 |
| 1.98 | RUN | SUNRUN INC | BYXB1Y8 | 16.83 | 4,842 | 81,490.86 |
| 1.57 | 688390 C1 | GOODWE TECHNOL-A | BP91NV0 | 35.36 | 1,832 | 64,778.67 |
| 1.57 | CSIQ | CANADIAN SOLAR INC | B1GKCH1 | 43.56 | 1,484 | 64,643.04 |
| 1.48 | SHLS | SHOALS TECHNOL-A | BMDJ085 | 23.63 | 2,589 | 61,178.07 |
| 1.33 | MBTN SW | MEYER BURGER TEC | B5NC0D0 | 0.64 | 86,132 | 54,927.37 |
| 1.31 | ECV GR | ENCAVIS AG | 5491966 | 16.30 | 3,320 | 54,113.05 |
| 1.24 | 300118 C2 | RISEN ENERGY CO LTD-A | BD5LW24 | 3.54 | 14,500 | 51,332.88 |
| 1.24 | AY | ATLANTICA SUSTAI | BLP5YB5 | 24.17 | 2,120 | 51,229.80 |
| 1.14 | 002610 C2 | JIANGSU AKCOME-A | BD5LXM1 | 0.37 | 127,100 | 46,938.20 |
| 1.02 | 6865 HK | FLAT GLASS GROUP CO LTD-H | BYQ9774 | 3.15 | 13,400 | 42,244.59 |
| 1.02 | NOVA | SUNNOVA ENERGY I | BJ9N563 | 16.48 | 2,547 | 41,974.56 |
| 0.84 | 000591 C2 | CECEP SOLAR EN-A | BD5LQM2 | 0.99 | 34,900 | 34,468.40 |
| 0.82 | 300827 C2 | SINENG ELECTRIC CO LTD-A | BP91MM4 | 7.02 | 4,840 | 33,995.19 |
| 0.77 | SLR SM | SOLARIA ENERGIA | B1YVKJ4 | 14.67 | 2,167 | 31,782.36 |
| 0.76 | S92 GR | SMA SOLAR TECHNOLOGY AG | B3B20H2 | 109.20 | 287 | 31,339.26 |
| 0.70 | 3856 JP | ABALANCE CORP | B2416M6 | 60.79 | 478 | 29,055.27 |
| 0.63 | 3576 TT | UNITED RENEWABLE | B284BT3 | 0.65 | 39,918 | 25,970.11 |
| 0.53 | MAXN | MAXEON SOLAR TECHNOLOGIE | BMH1V17 | 28.57 | 766 | 21,884.62 |
| 0.53 | SPWR | SUNPOWER CORP | B59DK93 | 10.27 | 2,116 | 21,731.32 |
| 0.47 | 6244 TT | MOTECH INDUSTRIES INC | 6609445 | 1.11 | 17,690 | 19,565.08 |
| 0.44 | FTCI | FTC SOLAR INC | BP09YX2 | 2.85 | 6,325 | 18,026.25 |
| 0.42 | 300080 C2 | HENAN YICHENG -A | BMVB522 | 0.75 | 23,000 | 17,313.30 |
| 0.41 | 4934 TT | TAINERGY TECH CO LTD | B61GMJ1 | 0.95 | 17,900 | 17,089.76 |
| 0.37 | 6443 TT | TSEC CORP | BK0S597 | 1.14 | 13,377 | 15,230.06 |
| 0.36 | 3868 HK | XINYI ENERGY HOLDINGS LTD | BGSN864 | 0.29 | 50,500 | 14,631.42 |
| 0.34 | 2406 TT | GIGASTORAGE CORP | 6246961 | 0.59 | 24,030 | 14,109.31 |
| 0.30 | 1407 JP | WEST HOLDINGS CORP | B0YQ5X1 | 19.67 | 622 | 12,232.36 |
| 0.28 | ESEN TI | ESENBOGA ELEKTRI | BMHYTB2 | 2.75 | 4,264 | 11,705.73 |
| 0.25 | SOL | EMEREN GROUP LTD | BYM5JB4 | 3.40 | 3,020 | 10,268.00 |
| 0.23 | AMPS | ALTUS POWER INC | BPNXP05 | 4.74 | 2,014 | 9,546.36 |
| 0.22 | 322000 KS | HD HYUNDAI ENERG | BG0WKZ2 | 30.05 | 295 | 8,864.81 |
| 0.16 | AZRE | AZURE POWER GLOBAL LTD | BDG16Z4 | 2.30 | 2,886 | 6,637.80 |
| 0.12 | HLGN | HELIOGEN INC | BNLZ8J9 | 0.25 | 20,451 | 5,035.04 |
| 0.09 | 452260 KS | HANWHA GALLERIA CO LTD | BNKBH57 | 1.23 | 3,152 | 3,879.16 |
| 0.07 | CASH | 1.00 | 2,894 | 2,894.36 | ||
| 0.01 | CHINESE YUAN RENMINBI | 0.14 | 2,279 | 322.44 | ||
| 0.00 | JAPANESE YEN | 0.01 | 3,772 | 26.85 | ||
| 0.00 | MALAYSIAN RINGGIT | 0.22 | 1 | 0.12 |
| Sector | Weight (%) | |
|---|---|---|
| Information Technology | 64.3 | |
| Industrials | 22.3 | |
| Utilities | 6.0 | |
| Energy | 4.4 | |
| Materials | 2.8 | |
| Financials | 0.1 | |
| Consumer Discretionary | 0.1 |
Source: AltaVista Research, LLC
| Country | Weight (%) | |
|---|---|---|
| China | 56.1 | |
| United States | 29.9 | |
| South Korea | 2.7 | |
| Taiwan | 2.3 | |
| Germany | 2.1 | |
| Britain | 1.4 | |
| Switzerland | 1.3 | |
| Canada | 1.3 | |
| Japan | 1.1 | |
| Spain | 0.8 | |
| Singapore | 0.5 | |
| Other/Cash | 0.5 |
Source: AltaVista Research, LLC
| Return on Equity | 15.90% | |
| Weighted Avg. Market Cap | 14,041 M | |
| 2022 | 2023 | |
| Price-to-earnings | 33.06 | 19.90 |
| Price-to-book value | 3.39 | 2.96 |
Source: AltaVista Research, LLC
| Versus | Beta |
|---|---|
| S&P 500 | 1.00 |
| NASDAQ-100 | 0.84 |
| MSCI EAFE | 0.92 |
| MSCI Emg. Mkts | 0.90 |
| Standard Deviation | 39.80% |
Source: AltaVista Research, LLC
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.