RAYS


Solar ETF

Fund 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.

Fund 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.

Why 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

Fund Details As of 09/22/21

Key Facts

Ticker RAYS
Inception Date 09/08/21
CUSIP 37960A701
ISIN US37960A7019
Bloomberg Index Ticker SOLRAYS
Primary Exchange Nasdaq
Number of Holdings 51

Stats & Fees

Net Assets $2,344,076
Net Asset Value (NAV) $23.44
Shares Outstanding 100,000
Total Expense Ratio 0.50%

Distributions

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

Fund Prices As of 09/22/21

NAV $23.44 Daily Change $0.41 1.77%
Market Price $23.53 Daily Change $0.44 1.91%
30-Day Median Bid-Ask Spread N/A

Performance History

As of recent
(06/30/21)
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Since Inception -- -- --
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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 of the Fund, when observed, is unusual and investors should not expect such performance to be repeated.

Fund Characteristics As of 09/22/21

Return on Equity 12.50%
Weighted Avg. Market Cap 11,884 M
2020 2021
Price-to-earnings 97.98 34.19
Price-to-book value 4.55 4.05

Source: AltaVista Research, LLC

Top Holdings As of 09/22/21

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
7.90 SEDG SOLAREDGE TECHNO BWC52Q6 282.00 657 185,274.00
7.86 002129 C2 TIANJIN ZHONG-A BD5CMT4 7.25 25,400 184,202.67
7.43 601012 C1 LONGI GREEN EN-A BRTL411 12.44 14,000 174,090.01
7.36 ENPH ENPHASE ENERGY INC B65SQW4 158.21 1,090 172,448.90
6.90 300274 C2 SUNGROW POWER -A BD5CGB4 19.24 8,400 161,653.46
4.86 968 HK XINYI SOLAR HOLDINGS LTD BGQYNN1 2.17 52,600 113,909.41
4.41 RUN SUNRUN INC BYXB1Y8 44.68 2,312 103,300.16
4.39 002459 C2 JA SOLAR TECHN-A BMVB500 8.79 11,700 102,847.59
3.80 DQ DAQO NEW ENERGY CORP-ADR B953PM3 61.07 1,458 89,040.06
3.77 300724 C2 SHENZHEN SC NE-A BKDQ8D3 21.54 4,100 88,324.87
3.65 009830 KS HANWHA SOLUTIONS CORP 6407768 35.83 2,390 85,636.84
3.65 000591 C2 CECEP SOLAR EN-A BD5LQM2 1.64 52,000 85,464.90
2.76 SHLS SHOALS TECHNOL-A BMDJ085 31.66 2,040 64,586.40
2.51 NOVA SUNNOVA ENERGY I BJ9N563 34.05 1,730 58,906.50
2.09 JKS JINKOSOLAR HOLDING CO-ADR B64H9N4 46.56 1,050 48,888.00
2.03 6865 HK FLAT GLASS GROUP CO LTD-H BYQ9774 4.53 10,500 47,540.60
1.90 SCATC NO Scatec ASA BQSSWW3 19.84 2,240 44,443.62
1.87 AY ATLANTICA SUSTAI BLP5YB5 36.27 1,210 43,886.70
1.83 002610 C2 JIANGSU AKCOME-A BD5LXM1 0.77 56,000 42,986.26
1.72 601778 C1 JINKO POWER TE-A BMXTXD1 1.53 26,400 40,366.47
1.55 SPWR SUNPOWER CORP B59DK93 22.25 1,630 36,267.50
1.50 ARRY ARRAY TECHNOLOGIES INC BLBLMD5 18.14 1,940 35,191.60
1.47 ECV GR ENCAVIS AG 5491966 18.29 1,880 34,389.97
1.43 CSIQ CANADIAN SOLAR INC B1GKCH1 35.34 950 33,573.00
1.36 300118 C2 RISEN ENERGY CO LTD-A BD5LW24 3.16 10,100 31,918.10
1.07 MBTN SW MEYER BURGER TEC B5NC0D0 0.50 49,980 24,956.15
0.88 3576 TT UNITED RENEWABLE B284BT3 0.77 27,000 20,703.43
0.85 3868 HK XINYI ENERGY HOLDINGS LTD BGSN864 0.57 35,000 20,005.27
0.69 AZRE AZURE POWER GLOBAL LTD BDG16Z4 21.05 770 16,208.50
0.42 SOL RENESOLA LTD-ADR BYM5JB4 6.83 1,450 9,903.50
0.39 S92 GR SMA SOLAR TECHNOLOGY AG B3B20H2 43.48 210 9,131.72
0.36 MAXN MAXEON SOLAR TECHNOLOGIE BMH1V17 18.99 440 8,355.60
0.35 3150 JP GREMZ INC B4Y5ZP8 27.64 300 8,291.53
0.33 SOLT SS SOLTECH ENERGY SWEDEN AB BYRYDN6 2.74 2,790 7,645.82
0.32 SOLAR MK SOLARVEST HOLDINGS BHD BJCVZH5 0.31 24,000 7,384.62
0.31 SOL SM SOLTEC POWER HOLDINGS SA BMGWZR5 8.22 890 7,315.20
0.31 6443 TT TSEC CORP BK0S597 1.03 7,000 7,244.94
0.31 MOTECH INDUSTRIES INC 6609445 1.03 7,000 7,207.14
0.30 4934 TT TAINERGY TECH CO LTD B61GMJ1 1.18 6,000 7,084.74
0.30 6125 TT KENMEC 6431251 0.88 8,000 7,055.94
0.30 BEEM BEAM GLOBAL BLN8XL9 29.36 240 7,046.40
0.30 ESEN TI ESENBOGA ELEKTRI BMHYTB2 3.84 1,827 7,015.17
0.29 SPK SM SOLARPACK CORP T BFZYXH9 30.57 220 6,724.47
0.28 438 HK IRICO GROUP NE-H B04MB64 3.62 1,800 6,508.29
0.27 FTCI FTC SOLAR INC BP09YX2 8.75 730 6,387.50
0.27 451 HK GCL NEWENERGY BSNLDG2 0.04 153,000 6,386.91
0.27 SSP-R TB SERMSANG POWER CORP-NVDR BD7Y4F8 0.37 17,217 6,382.62
0.27 322000 KS HYUNDAI ENERGY SOLUTIONS BG0WKZ2 21.87 290 6,343.25
0.22 SUNW SUNWORKS INC BKS3LF2 6.07 860 5,220.20
0.21 3856 JP ABALANCE CORP B2416M6 48.89 100 4,889.17
0.15 CASH 1.00 3,477 3,473.65
0.00 TAINERGY TECH CO LTD RTS 0.13 500 66.60
Holdings are subject to change.


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.