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RAYS

Solar ETF

Reasons to Consider RAYS

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High Growth Potential

The clean energy transition is well underway. Forecasts suggest that global solar power capacity could more than triple between 2024 and 20301

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Advancing Clean Technologies

Solar is the most abundant energy resource on earth.2 Increased solar adoption could help minimize the adverse environmental impacts of fossil fuel consumption.

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Unconstrained Approach

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

Key Information

As of Jun 18 2025
Inception Date
09/08/21
Total Expense Ratio
0.50%
Net Assets
$4.22 million
NAV
$8.44
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 Jun 17 2025
Ticker
RAYS
Bloomberg Index Ticker
SOLRAYS
CUSIP
37960A701
ISIN
US37960A7019
Primary Exchange
Nasdaq
Shares Outstanding
500,000
Number of Holdings
51
30-Day Median Bid-Ask Spread
0.61%

Distributions

As of Jun 18 2025
30-Day SEC Yield
0.81%
Distribution Frequency
Semi-Annually

ETF Prices

As of Jun 18 2025
NAV$8.44Daily Change$0.050.60%
Market Price$8.38Daily Change$0.131.58%

Performance History

Fund NAVMarket PriceIndex
1 Year-26.59%-29.43%-26.30%
3 Years-26.08%-26.94%-25.73%
Since Inception-25.15%-25.92%-24.79%

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 Jun 18 2025
Net Assets (%)TickerNameSEDOLMarket Price ($)Shares HeldMarket Value ($)
8.63300274 C2SUNGROW POWER -ABD5CGB49.0740,140364,112.51
8.55NXTNEXTRACKER INC-CL ABR1GTS658.906,130361,057.00
8.32601012 C1LONGI GREEN EN-ABRTL4112.03173,060351,072.07
6.93FSLRFIRST SOLAR INCB1HMF22143.672,037292,655.79
6.06ENPHENPHASE ENERGY INCB65SQW436.387,037256,006.06
4.17601877 C1ZHEJIANG CHINT-ABP3R5K73.0757,300175,913.02
4.00002129 C2TCL ZHONGHUAN -ABD5CMT41.02166,500168,997.93
3.24605117 C1NINGBO DEYE TE-ABP91NG57.2418,888136,694.48
3.20002459 C2JA SOLAR TECHN-ABMVB5001.35100,104134,871.28
3.06300763 C2GINLONG TECHNO-ABMQBTQ97.6116,950128,985.07

Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure

As of May 31 2025
SectorWeight (%)
Information Technology47.3
Industrials34.0
Materials6.6
Utilities4.9
Consumer Discretionary4.7
Real Estate2.5

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.

ETF Characteristics

As of Jun 17 2025
Return on Equity10.00%
Weighted Avg. Market Cap6,709 M
20242025
Price-to-earnings45.8314.73
Price-to-book value1.531.41

ETF Risk Stats

As of May 31 2025
VERSUSBETA
S&P 5000.94
NASDAQ-1000.69
MSCI EAFE1.03
MSCI Emg. Mkts1.00
Standard Deviation32.90%

ETF Research

AI Boom Is Creating Opportunities for Renewables and Power Infrastructure

Recycling: An Imperative for the Renewable Energy Landscape

One Year In, the Inflation Reduction Act’s Influence on CleanTech Is Just Getting Started

ETF Documents

Fact Sheet
Index Methodology Summary
Proxy Voting
Thematic Adoption Menu

Prospectus & Regulatory Information

Summary Prospectus
Statutory Prospectus
Statement of Additional Information
Annual Financial Statements*
Semi Annual Financial Statements**
Tailored Shareholders Report
Q1 Complete Holdings
Q3 Complete Holdings

* 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.