RAYS


Solar ETF

Reasons to Consider RAYS

High Growth Potential

Forecasts suggest the global market for solar energy could reach $200bn by 2026, quadruple the market size in 2019.1

Advancing Clean Technologies

Solar is the most abundant energy resource on earth.2 Increased adoption of solar technologies could potentially help address global power insecurity and minimize the adverse environmental impacts of fossil fuel consumption.

Conscious Approach

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

1Facts & Factors, May 2021
2U.S. Department of Energy

Key Information As of 08/05/22

Inception Date 09/08/21
Total Expense Ratio 0.50%
Net Assets $8.37 million
NAV $23.92
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 08/05/22

Ticker RAYS
Bloomberg Index Ticker SOLRAYS
CUSIP 37960A701
ISIN US37960A7019
Primary Exchange Nasdaq
Shares Outstanding 350,000
Number of Holdings 51
30-Day Median Bid-Ask Spread 0.32%

Distributions As of 08/05/22

30-Day SEC Yield N/A
Distribution Frequency Semi-Annually

ETF Prices As of 08/05/22

NAV $23.92 Daily Change $0.17 0.70%
Market Price $23.94 Daily Change $0.08 0.34%

Performance History

As of recent
(06/30/22)
Fund NAV Market Price Index
Year-to-Date -6.35% -6.04% -6.05%
1 Month 8.45% 9.85% 8.53%
3 Months 2.30% 3.71% 2.48%
Since Inception -9.74% -8.66% -9.31%
Year-to-Date 5.96% 5.49% 6.33%
1 Month 13.15% 12.27% 13.18%
3 Months 40.50% 41.96% 40.75%
Since Inception 2.13% 2.54% 2.64%

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 08/05/22

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
10.38 ENPH ENPHASE ENERGY INC B65SQW4 300.91 2,886 868,426.26
8.11 300274 C2 SUNGROW POWER -A BD5CGB4 17.06 39,800 679,184.90
7.35 601012 C1 LONGI GREEN EN-A BRTL411 8.39 73,360 615,419.50
7.30 002129 C2 TCL ZHONGHUAN -A BD5CMT4 7.50 81,500 611,274.10
6.89 SEDG SOLAREDGE TECHNO BWC52Q6 315.50 1,828 576,734.00
5.58 688599 C1 TRINA SOLAR CO LTD-A BP91P03 11.66 40,080 467,394.53
4.83 002459 C2 JA SOLAR TECHN-A BMVB500 10.74 37,660 404,311.49
4.82 FSLR FIRST SOLAR INC B1HMF22 101.90 3,956 403,116.40
4.42 3800 HK GCL TECHNOLOGY H B28XTR4 0.40 922,600 370,217.64
3.57 RUN SUNRUN INC BYXB1Y8 33.24 8,988 298,761.12
3.30 968 HK XINYI SOLAR HOLDINGS LTD BGQYNN1 1.58 174,600 275,803.03
2.64 300763 C2 GINLONG TECHNO-A BMQBTQ9 35.10 6,300 221,157.73
2.57 DQ DAQO NEW ENERGY CORP-ADR B953PM3 64.53 3,331 214,949.43
2.48 603806 C1 HANGZHOU FIRST-A BYYFJR8 9.90 20,980 207,708.95
2.06 009830 KS HANWHA SOLUTIONS CORP 6407768 33.89 5,077 172,048.68
1.93 300724 C2 SHENZHEN SC NE-A BKDQ8D3 18.78 8,600 161,523.42
1.46 ECV GR ENCAVIS AG 5491966 23.00 5,300 121,923.92
1.44 NOVA SUNNOVA ENERGY I BJ9N563 27.58 4,357 120,166.06
1.40 300118 C2 RISEN ENERGY CO LTD-A BD5LW24 4.75 24,600 116,772.15
1.38 JKS JINKOSOLAR HOLDING CO-ADR B64H9N4 60.87 1,893 115,226.91
1.32 ARRY ARRAY TECHNOLOGIES INC BLBLMD5 17.66 6,273 110,781.18
1.17 AY ATLANTICA SUSTAI BLP5YB5 34.84 2,808 97,830.72
1.12 000591 C2 CECEP SOLAR EN-A BD5LQM2 1.20 77,800 93,649.00
1.03 SPWR SUNPOWER CORP B59DK93 24.08 3,588 86,399.04
0.99 002610 C2 JIANGSU AKCOME-A BD5LXM1 0.53 155,800 83,171.36
0.95 CSIQ CANADIAN SOLAR INC B1GKCH1 38.68 2,060 79,670.50
0.89 SLR SM SOLARIA ENERGIA B1YVKJ4 22.96 3,238 74,356.95
0.75 6865 HK FLAT GLASS GROUP CO LTD-H BYQ9774 3.29 19,100 62,774.92
0.74 SHLS SHOALS TECHNOL-A BMDJ085 23.07 2,682 61,873.74
0.73 MBTN SW MEYER BURGER TEC B5NC0D0 0.58 104,727 60,884.63
0.72 300827 C2 SINENG ELECTRIC CO LTD-A BP91MM4 8.78 6,840 60,031.05
0.68 SCATC NO Scatec ASA BQSSWW3 11.47 4,951 56,768.37
0.54 3576 TT UNITED RENEWABLE B284BT3 0.71 63,318 44,809.69
0.39 AZRE AZURE POWER GLOBAL LTD BDG16Z4 11.94 2,730 32,596.20
0.37 3868 HK XINYI ENERGY HOLDINGS LTD BGSN864 0.44 69,000 30,676.63
0.37 1407 JP WEST HOLDINGS CORP B0YQ5X1 32.07 956 30,655.29
0.35 MAXN MAXEON SOLAR TECHNOLOGIE BMH1V17 18.88 1,534 28,961.92
0.33 FTCI FTC SOLAR INC BP09YX2 4.86 5,641 27,415.26
0.31 SOL RENESOLA LTD-ADR BYM5JB4 6.98 3,723 25,986.54
0.29 S92 GR SMA SOLAR TECHNOLOGY AG B3B20H2 53.67 456 24,475.26
0.26 6443 TT TSEC CORP BK0S597 1.10 19,877 21,863.27
0.24 4934 TT TAINERGY TECH CO LTD B61GMJ1 0.89 22,500 20,091.63
0.22 3150 JP GREMZ INC B4Y5ZP8 13.15 1,423 18,714.69
0.21 SSP-R TB SERMSANG POWER CORP-NVDR BD7Y4F8 0.26 67,573 17,856.10
0.21 451 HK GCL NEWENERGY BSNLDG2 0.02 1,023,000 17,462.79
0.20 6244 TT MOTECH INDUSTRIES INC 6609445 0.94 17,900 16,820.56
0.19 2406 TT GIGASTORAGE CORP 6246961 0.69 23,130 16,021.48
0.18 6477 TT ANJI TECHNOLOGY CO LTD BS7JP66 1.72 8,900 15,300.52
0.18 HLGN HELIOGEN INC BNLZ8J9 2.50 5,918 14,795.00
0.15 BEEM BEAM GLOBAL BLN8XL9 15.41 810 12,482.10
0.03 CASH 1.14 2,471 2,806.35
0.00 MOTECH INDUSTRIES INC RTS 0.19 1,291 243.49
Holdings are subject to change.

Sector Breakdown As of 07/31/22

Sector Weight (%)
Information Technology 60.4
Industrials 20.3
Utilities 6.9
Materials 6.6
Energy 5.7
Financials 0.2

Source: AltaVista Research, LLC

Country Breakdown As of 07/31/22

Country Weight (%)
China 54.4
United States 29.8
Hong Kong 4.9
South Korea 2.0
Taiwan 1.6
Germany 1.6
Britain 1.2
Canada 0.9
Spain 0.9
Switzerland 0.7
Norway 0.7
Other/Cash 1.3

Source: AltaVista Research, LLC

ETF Characteristics As of 08/05/22

Return on Equity 14.60%
Weighted Avg. Market Cap 16,086 M
2021 2022
Price-to-earnings 41.72 24.52
Price-to-book value 3.84 3.37

Source: AltaVista Research, LLC

ETF Research

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.

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