The clean energy transition is well underway. Forecasts suggest that global solar power capacity could more than triple between 2024 and 20301
Solar is the most abundant energy resource on earth.2 Increased solar adoption could help minimize the adverse environmental impacts of fossil fuel consumption.
Solar energy is a dynamic theme, supporting a long-term structural shift in worldwide energy use. RAYS invests accordingly, with global exposure across multiple sectors and industries.
1International Energy Agency (IEA), Oct 2024
2National Renewable Energy Laboratory
NAV | $8.53 | Daily Change | $0.01 | 0.12% |
Market Price | $8.54 | Daily Change | $0.04 | 0.47% |
Fund NAV | Market Price | Index | |
---|---|---|---|
1 Year | -26.59% | -29.43% | -26.30% |
3 Years | -26.08% | -26.94% | -25.73% |
Since Inception | -25.15% | -25.92% | -24.79% |
Net Assets (%) | Ticker | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
---|---|---|---|---|---|---|
8.44 | NXT | NEXTRACKER INC-CL A | BR1GTS6 | 58.92 | 6,106 | 359,765.52 |
8.13 | 601012 C1 | LONGI GREEN EN-A | BRTL411 | 2.01 | 172,360 | 346,718.36 |
7.92 | 300274 C2 | SUNGROW POWER -A | BD5CGB4 | 8.45 | 39,940 | 337,585.25 |
7.92 | FSLR | FIRST SOLAR INC | B1HMF22 | 166.35 | 2,029 | 337,524.15 |
6.77 | ENPH | ENPHASE ENERGY INC | B65SQW4 | 41.18 | 7,008 | 288,589.44 |
4.14 | 601877 C1 | ZHEJIANG CHINT-A | BP3R5K7 | 3.10 | 57,000 | 176,468.38 |
4.05 | 002129 C2 | TCL ZHONGHUAN -A | BD5CMT4 | 1.04 | 165,800 | 172,869.20 |
3.64 | 605117 C1 | NINGBO DEYE TE-A | BP91NG5 | 11.58 | 13,420 | 155,350.59 |
3.03 | 002459 C2 | JA SOLAR TECHN-A | BMVB500 | 1.30 | 99,604 | 129,328.87 |
2.98 | 300724 C2 | SHENZHEN SC NE-A | BKDQ8D3 | 7.22 | 17,600 | 126,984.83 |
Holdings are subject to change. "Cash" denotes U.S. dollars.
Sector | Weight (%) | |
---|---|---|
Information Technology | 47.3 | |
Industrials | 34.0 | |
Materials | 6.6 | |
Utilities | 4.9 | |
Consumer Discretionary | 4.7 | |
Real Estate | 2.5 |
Source: AltaVista Research, LLC
All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.
Return on Equity | 10.00% | |
Weighted Avg. Market Cap | 6,709 M | |
2024 | 2025 | |
Price-to-earnings | 47.44 | 15.25 |
Price-to-book value | 1.58 | 1.46 |
Source: AltaVista Research, LLC
VERSUS | BETA |
---|---|
S&P 500 | 0.94 |
NASDAQ-100 | 0.69 |
MSCI EAFE | 1.03 |
MSCI Emg. Mkts | 1.00 |
Standard Deviation | 32.90% |
Source: AltaVista Research, LLC
* The financial statements include the Fund’s disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.
** The financial statements include the Fund’s disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.
SEI Investments Distribution Co. (1 Freedom Valley Drive, Oaks, PA, 19456) is the distributor for the Global X Funds. Check the background of SIDCO and Global X’s Registered Representatives on FINRA’s
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.