Data Center REITs & Digital Infrastructure ETF

Reasons to Consider VPN

High Growth Potential

Global data center investments are expected to increase from $321bn in 2022 to $410 billion in 2025 to support the growth of 5G, smart grids, and other forms of tech-based infrastructure.1

Global Tailwinds

The shift to 5G-enabled devices is well underway. 5G subscriptions worldwide are expected to surpass 1.5bn in 2023 and over 3.5bn by 2026.2 Accelerated development of digital infrastructure is necessary to support this growth.

REIT Exposure

VPN invests in REITs, among other holdings, an asset class that has historically provided high income potential.

1Statista, Jul 2022
2Statista, Jan 2023

Key Information As of 05/26/23

Inception Date 10/27/20
Total Expense Ratio 0.50%
Net Assets $29.45 million
NAV $12.97
Fact Sheet

ETF Summary

The Global X Data Center REITs & Digital Infrastructure ETF (VPN) seeks to invest in companies that operate data center REITs and other digital infrastructure supporting the growth of communication networks.

ETF Objective

The Global X Data Center REITs & Digital Infrastructure ETF (VPN) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Data Center REITs & Digital Infrastructure Index.

Trading Details As of 05/25/23

Ticker VPN
Bloomberg Index Ticker SOLVPN
CUSIP 37954Y236
ISIN US37954Y2366
Primary Exchange Nasdaq
Shares Outstanding 2,270,000
Number of Holdings 24
30-Day Median Bid-Ask Spread 0.94%

Distributions As of 05/26/23

30-Day SEC Yield 2.12%
Distribution Frequency Semi-Annually

ETF Prices As of 05/26/23

NAV $12.97 Daily Change $0.33 2.61%
Market Price $13.02 Daily Change $0.39 3.09%

Performance History

As of recent
As of recent
Fund NAV Market Price Index
1 Year -17.73% -17.68% -17.98%
Since Inception -3.59% -3.64% -3.68%
1 Year -14.12% -14.51% -14.39%
Since Inception -3.79% -3.99% -3.89%
Year-to-Date 5.11% 5.29% 4.95%
1 Month 3.22% 3.06% 3.18%
3 Months 5.11% 5.29% 4.95%
Since Inception -8.47% -8.60% -8.69%
Year-to-Date 4.23% 4.01% 4.07%
1 Month -0.84% -1.22% -0.84%
3 Months -5.64% -5.81% -5.90%
Since Inception -9.24% -9.72% -9.46%

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 05/26/23

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
13.14 EQIX EQUINIX INC BVLZX12 729.15 5,305 3,868,140.75
10.18 AMT AMERICAN TOWER CORP B7FBFL2 182.18 16,449 2,996,678.82
9.64 CCI Crown Castle Inc BTGQCX1 111.76 25,384 2,836,915.84
7.12 SBAC SBA COMMUNICATIONS CORP BZ6TS23 223.80 9,367 2,096,334.60
6.87 NXT AU NEXTDC LTD B5LMKP4 8.21 246,590 2,023,505.00
4.99 NVDA NVIDIA CORP 2379504 389.46 3,773 1,469,432.58
4.86 788 HK CHINA TOWER CORP LTD-H BFZ2PK0 0.11 12,737,000 1,430,603.01
4.55 DLR DIGITAL REALTY TRUST INC B03GQS4 98.89 13,537 1,338,673.93
3.98 KDCREIT SP KEPPEL DC REIT BT9Q186 1.54 758,756 1,172,148.75
3.87 AMD ADVANCED MICRO DEVICES 2007849 127.03 8,976 1,140,221.28
3.63 DBRG DIGITALBRIDGE GROUP INC BPW6ZP0 12.35 86,583 1,069,300.05
3.04 AVGO BROADCOM INC BDZ78H9 812.73 1,100 894,003.00
3.02 TOWR IJ SARANA MENARA BCDBLX3 0.07 13,171,061 889,520.00
2.81 MU MICRON TECHNOLOGY INC 2588184 73.93 11,188 827,128.84
2.69 2344 TT WINBOND ELECTRONICS CORP 6966515 0.85 935,604 792,820.27
2.65 RADI RADIUS GLOBAL-A BMHZYY3 14.75 52,904 780,334.00
2.44 2330 TT TSMC 6889106 18.41 39,000 718,052.14
2.16 3189 TT KINSUS INTERCONNECT TECH 6687872 3.76 169,500 636,834.57
2.08 INTC INTEL CORP 2463247 29.00 21,148 613,292.00
1.99 GDS GDS HOLDINGS LTD - ADR BD6FLL7 10.16 57,775 586,994.00
1.73 UNIT UNITI GROUP INC BD6VBR1 3.63 140,078 508,483.14
1.40 TBIG IJ TOWER BERSAMA B4MW045 0.14 2,897,218 410,705.59
1.09 CASH 1.00 320,250 320,250.23
0.72 VNET VNET Group Inc B3Q0VS9 2.64 80,176 211,664.64
0.00 INDONESIA RUPIAH 0.00 8 0.00
-0.66 AUSTRALIAN DOLLAR 0.65 -297,886 -193,848.86
Holdings are subject to change. "Cash" denotes U.S. dollars.

Sector Breakdown As of 04/30/23

Sector Weight (%)
Real Estate 57.5
Information Technology 29.8
Communication Services 12.7

Source: AltaVista Research, LLC

Country Breakdown As of 04/30/23

Country Weight (%)
United States 69.4
China 9.4
Taiwan 6.9
Australia 5.7
Indonesia 4.5
Singapore 4.2

Source: AltaVista Research, LLC

ETF Characteristics As of 05/26/23

Return on Equity 13.70%
Weighted Avg. Market Cap 69,416 M
2022 2023
Price-to-earnings 18.32 22.56
Price-to-book value 3.18 2.99

Source: AltaVista Research, LLC

ETF Risk Stats As of 04/30/23

Versus Beta
S&P 500 0.91
NASDAQ-100 0.75
MSCI Emg. Mkts 0.90
Standard Deviation 21.80%

Source: AltaVista Research, LLC

ETF Research

Investing involves risk, including the possible loss of principal. The investable universe of companies in which VPN may invest may be limited. Data Center REITs and Digital Infrastructure Companies are subject to risks associated with the real estate market, changes in demand for wireless infrastructure and connectivity, rapid product obsolescence, government regulations, and external risks including natural disasters and cyberattacks. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from the differences in generally accepted accounting principles or from social, economic or political instability in other nations. VPN 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.

Since the Fund’s shares typically do not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in Shares, the NAV of the Fund is used to calculate market returns.

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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