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 06 2025
Inception Date
09/08/21
Total Expense Ratio
0.50%
Net Assets
$4.26 million
NAV
$8.53
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 06 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
0.59%

Distributions

As of Jun 06 2025
30-Day SEC Yield
0.81%
Distribution Frequency
Semi-Annually

ETF Prices

As of Jun 06 2025
NAV$8.53Daily Change$0.010.12%
Market Price$8.54Daily Change$0.040.47%

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 06 2025
Net Assets (%)TickerNameSEDOLMarket Price ($)Shares HeldMarket Value ($)
8.44NXTNEXTRACKER INC-CL ABR1GTS658.926,106359,765.52
8.13601012 C1LONGI GREEN EN-ABRTL4112.01172,360346,718.36
7.92300274 C2SUNGROW POWER -ABD5CGB48.4539,940337,585.25
7.92FSLRFIRST SOLAR INCB1HMF22166.352,029337,524.15
6.77ENPHENPHASE ENERGY INCB65SQW441.187,008288,589.44
4.14601877 C1ZHEJIANG CHINT-ABP3R5K73.1057,000176,468.38
4.05002129 C2TCL ZHONGHUAN -ABD5CMT41.04165,800172,869.20
3.64605117 C1NINGBO DEYE TE-ABP91NG511.5813,420155,350.59
3.03002459 C2JA SOLAR TECHN-ABMVB5001.3099,604129,328.87
2.98300724 C2SHENZHEN SC NE-ABKDQ8D37.2217,600126,984.83

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 06 2025
Return on Equity10.00%
Weighted Avg. Market Cap6,709 M
20242025
Price-to-earnings47.4415.25
Price-to-book value1.581.46

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

Prospectus & Regulatory Information

* 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.