GRNR


Green Building ETF

Reasons to Consider GRNR

High Growth Potential

Forecasts suggest the global green building materials market could more than double between 2020 and 2028 (from $256bn to $653bn), highlighting one of several growth opportunities among the categories that GRNR invests in.1

Sustainable Theme

Green buildings typically have smaller carbon footprints, with less water and energy waste. These qualities may be appealing as sustainability is more widely embraced.

Conscious Approach

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

1Verified Market Research, Mar 2022

Key Information As of 06/02/23

Inception Date 04/11/22
Total Expense Ratio 0.45%
Net Assets $2.04 million
NAV $20.44
Fact Sheet

ETF Summary

The Global X Green Building ETF (GRNR) invests in companies positioned to benefit from increasing demand for buildings that either positively impact the natural environment or reduce/eliminate negative impacts. This includes companies involved in green building development and management, as well as the technologies used to increase energy efficiency in residential, commercial and public buildings.

ETF Objective

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

Trading Details As of 06/02/23

Ticker GRNR
Bloomberg Index Ticker SOLGRNR
CUSIP 37960A842
ISIN US37960A8421
Primary Exchange Nasdaq
Shares Outstanding 100,000
Number of Holdings 76
30-Day Median Bid-Ask Spread 0.48%

Distributions As of 06/02/23

30-Day SEC Yield 3.38%
Distribution Frequency Semi-Annually

ETF Prices As of 06/02/23

NAV $20.44 Daily Change $0.66 3.34%
Market Price $20.49 Daily Change $0.69 3.48%

Performance History

As of recent month-end (05/31/23)
As of recent
(03/31/23)
Fund NAV Market Price Index
1 Year -- -- -18.44%
Since Inception -- -- -17.23%
1 Year -15.41% -15.64% -15.36%
Since Inception -18.22% -18.18% -18.19%
Year-to-Date 0.39% 0.74% 0.51%
1 Month -3.57% -3.48% -3.50%
3 Months 0.39% 0.74% 0.51%
Since Inception -16.75% -16.83% -16.75%
Year-to-Date -4.05% -3.58% -3.90%
1 Month -6.92% -7.27% -6.93%
3 Months -7.84% -7.62% -7.73%
Since Inception -20.44% -20.40% -20.41%

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 06/02/23

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
4.62 KNEBV FH KONE OYJ-B B09M9D2 55.00 1,718 94,490.37
4.46 SGRO LN SEGRO PLC B5ZN1N8 10.33 8,833 91,249.64
4.20 CARR CARRIER GLOBAL CORP BK4N0D7 43.44 1,975 85,794.00
4.15 KSP ID KINGSPAN GROUP PLC 4491235 68.58 1,237 84,831.80
4.09 TT TRANE TECHNOLOGIES PLC BK9ZQ96 173.01 483 83,563.83
3.82 CSL CARLISLE COS INC 2176318 225.93 346 78,171.78
3.75 LII LENNOX INTERNATIONAL INC 2442053 298.23 257 76,645.11
3.50 SCG AU SCENTRE GROUP BLZH0Z7 1.80 39,812 71,616.63
3.49 SCHP SW SCHINDLER HLD-PC B11TCY0 216.86 329 71,348.31
3.10 GFC FP GECINA SA 7742468 106.24 596 63,316.53
3.02 BXP BOSTON PROPERTIES INC 2019479 50.64 1,220 61,780.80
2.74 BLD TOPBUILD CORP BZ0P3W2 217.94 257 56,010.58
2.40 MGR AU MIRVAC GROUP 6161978 1.55 31,708 49,069.96
2.33 8951 JP NIPPON BUILDING FUND INC 6396800 3,973.94 12 47,687.24
2.27 LAND LN LAND SECURITIES GROUP PLC BYW0PQ6 7.81 5,933 46,331.20
2.08 URW FP UNIBAIL-RODAMCO-WESTFIELD BF2PQ09 47.94 887 42,525.31
2.07 LI FP KLEPIERRE 7582556 23.63 1,791 42,318.13
1.92 8953 JP JAPAN METROPOLIT 6513342 700.27 56 39,215.24
1.79 HKL SP HONGKONG LAND 6434915 4.31 8,472 36,514.32
1.76 VCX AU VICINITY CENTRES BY7QXS7 1.23 29,195 35,913.06
1.75 MTH MERITAGE HOMES CORP 2601326 123.15 290 35,713.50
1.53 AAON AAON INC 2268130 91.58 341 31,228.78
1.46 KBH KB HOME 2485070 45.68 655 29,920.40
1.44 6845 JP AZBIL CORP 6985543 32.69 899 29,385.19
1.37 COV FP COVIVIO 7745638 50.43 554 27,938.86
1.35 LIGHT NA SIGNIFY NV BYY7VY5 27.27 1,010 27,547.62
1.28 KRC KILROY REALTY CORP 2495529 27.87 937 26,114.19
1.22 CUZ COUSINS PROPERTIES INC BJP0MF6 20.32 1,227 24,932.64
1.13 101 HK HANG LUNG PROPERTIES LTD 6030506 1.65 13,933 23,039.89
1.07 MRL SM MERLIN PROPERTIE BNGNB77 8.65 2,536 21,936.63
1.05 FLT SP FRASERS LOGISTIC BYYFHZ2 0.95 22,583 21,443.00
1.02 1972 HK SWIRE PROPERTIES LTD B67C2G0 2.46 8,460 20,790.14
0.94 VNO VORNADO REALTY TRUST 2933632 14.21 1,346 19,126.66
0.88 HIW HIGHWOODS PROPERTIES INC 2420640 21.28 842 17,917.76
0.88 EQC EQUITY COMMONWEALTH BPH3N63 20.69 866 17,917.54
0.85 8955 JP JAPAN PRIM REALT 6528175 2,491.77 7 17,442.36
0.84 SUN SP SUNTEC REIT B04PZ72 0.96 17,700 17,069.10
0.83 DOOR MASONITE INTERNA BCZM468 94.76 178 16,867.28
0.80 DEI DOUGLAS EMMETT INC B1G3M58 11.92 1,379 16,437.68
0.79 3466 JP LASALLE LOGIPORT REIT BDD1L29 1,154.95 14 16,169.27
0.76 ICAD FP ICADE 4554406 41.92 369 15,466.69
0.75 FABG SS FABEGE AB BFM6T36 7.68 2,009 15,419.27
0.75 MHO M/I HOMES INC 2549385 73.02 209 15,261.18
0.71 3292 JP AEON REIT INVESTMENT CORP BFSSCF9 1,112.70 13 14,465.13
0.70 3471 JP MITSUI FUDOSAN L BYZWTW3 3,565.80 4 14,263.21
0.69 FCT SP FRASERS CENTREPOINT TRUST B17NZ47 1.61 8,768 14,114.14
0.65 JBGS JBG SMITH PROPERTIES BD3BX01 14.61 912 13,324.32
0.65 COL SM INMOBILIARIA COL BD0PJ08 6.10 2,162 13,194.24
0.63 3234 JP MORI HILLS INVES B1GF9P3 1,066.16 12 12,793.93
0.57 CTPNV NA CTP NV BLF7T27 13.32 876 11,669.23
0.54 KREIT SP KEPPEL REIT B12RQH4 0.65 17,012 10,979.15
0.53 ELME ELME COMMUNITIES 2942304 15.60 699 10,904.40
0.50 CQR AU CHARTER HALL RETAIL REIT 6225595 2.47 4,093 10,123.82
0.47 LIAB SS LINDAB INTERNATIONAL AB B1HP071 16.05 596 9,565.88
0.43 FAN LN VOLUTION GROUP PLC BN3ZZ52 5.55 1,573 8,737.58
0.43 CAI AV CA IMMOBILIEN ANLAGEN AG 5681046 28.42 307 8,725.71
0.41 8976 JP DAIWA OFFICE INV B0LNTF5 4,138.62 2 8,277.24
0.38 603515 C1 OPPLE LIGHTING CO LTD-A BYW5N56 2.85 2,700 7,690.10
0.36 81 HK CHINA OVERSEAS G 6803247 0.48 15,126 7,333.96
0.33 3487 JP CRE LOGISTICS REIT INC BFXZ9X2 1,346.13 5 6,730.63
0.33 LREIT SP LENDLEASE GLOBAL BKBPXB5 0.50 13,524 6,721.62
0.33 2979 JP SOSILA LOGISTICS REIT INC BG0WNL9 954.46 7 6,681.23
0.32 ESRT EMPIRE STATE REA BF321D7 6.25 1,055 6,593.75
0.32 PGRE PARAMOUNT GROUP INC BSL7HC6 4.51 1,447 6,525.97
0.32 CAV1V FH CAVERION OYJ BBP6J80 8.98 726 6,517.46
0.32 ATRLJB SS ATRIUM LJUNGBERG AB-B SHS B1TJ338 17.46 373 6,513.00
0.32 CLINT SP CAPITALAND INDIA TRUST B23DMQ9 0.79 8,183 6,434.46
0.31 PDM PIEDMONT OFFIC-A B3M3278 6.47 986 6,379.42
0.31 MERY FP MERCIALYS B0LMF87 8.32 756 6,288.11
0.29 3493 JP ADVANCE LOGISTIC BZ1KQN8 979.52 6 5,877.13
0.28 8968 JP FUKUOKA REIT CORP B0B8154 1,152.80 5 5,764.00
0.28 CASH 1.00 5,743 5,742.56
0.27 BDN BRANDYWINE REALTY TRUST 2518954 4.11 1,337 5,495.07
0.27 HPP HUDSON PACIFIC P B64B9P8 4.97 1,094 5,437.18
0.20 2777 HK GUANGZHOU R&F -H B19H8Y8 0.16 25,200 4,115.68
0.16 FSP FRANKLIN STREET B02T2D1 1.50 2,177 3,265.50
0.10 BROF11 BZ BRPR CORPORATE OFFICES FI BMFDJ44 14.30 144 2,059.84
0.08 EURO 1.07 1,553 1,665.13
0.00 SWEDISH KRONE 0.00 0 0.00
Holdings are subject to change. "Cash" denotes U.S. dollars.

Sector Breakdown As of 04/30/23

Sector Weight (%)
Real Estate 59.4
Industrials 32.9
Consumer Discretionary 6.5
Information Technology 1.2

Source: AltaVista Research, LLC

Country Breakdown As of 04/30/23

Country Weight (%)
United States 31.0
Japan 10.9
Australia 8.4
Ireland 8.3
France 8.0
Britain 7.2
Finland 5.0
Netherlands 4.4
Singapore 3.8
Switzerland 3.5
Hong Kong 2.7
Other/Cash 6.8

Source: AltaVista Research, LLC

ETF Characteristics As of 06/02/23

Return on Equity 6.60%
Weighted Avg. Market Cap 6,285 M
2022 2023
Price-to-earnings 13.62 13.51
Price-to-book value 0.89 0.88

Source: AltaVista Research, LLC

ETF Risk Stats As of 05/31/23

Versus Beta
S&P 500 0.88
NASDAQ-100 0.53
MSCI EAFE 1.05
MSCI Emg. Mkts 0.82
Standard Deviation 24.20%

Source: AltaVista Research, LLC

ETF Research

Investing involves risk, including possible loss of principal. The investable universe in which GRNR invests may be limited. Real estate and REITs are subject to changes in economic conditions, credit risk and interest rate fluctuations. Social responsibility investment criteria limit the types of securities that can be included, which could cause the Fund to underperform other funds that do not have a social responsibility focus. International investments, including emerging markets, 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. GRNR 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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