RNRG


Renewable Energy Producers ETF

Reasons to Consider RNRG

High Growth Potential

The opportunity for further investment in renewable energy technology could be expansive. Over 150 countries have economy-wide net-zero emissions targets, with nearly all aiming for 2050 or earlier.1

Compelling Economics

The cost of generating electricity from renewables plunged over the past decade, making many green energy sources competitive or even cheaper than fossil fuel equivalents.2

Unconstrained Approach

Renewable energy is a dynamic theme, supporting a long-term structural shift in worldwide energy use. RNRG invests accordingly, with global exposure across multiple sectors and industries.

1Net Zero Tracker, Nov 2023
2International Energy Agency, Apr 2021

Key Information As of 07/23/24

Inception Date 05/27/15
Total Expense Ratio 0.65%
Net Assets $37.76 million
NAV $10.21
Fact Sheet View the document

ETF Summary

The Global X Renewable Energy Producers ETF (RNRG) seeks to invest in companies that produce energy from renewable sources including wind, solar, hydroelectric, geothermal, and biofuels.

ETF Objective

The Global X Renewable Energy Producers ETF (RNRG) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Renewable Energy Producers Index.

Trading Details As of 07/23/24

Ticker RNRG
Bloomberg Index Ticker IYLCOREC
CUSIP 37954Y707
ISIN US37954Y7076
Primary Exchange Nasdaq
Shares Outstanding 3,700,000
Number of Holdings 42
30-Day Median Bid-Ask Spread 0.76%

Distributions As of 07/23/24

30-Day SEC Yield 2.63%
Distribution Frequency Semi-Annually

ETF Prices As of 07/23/24

NAV $10.21 Daily Change -$0.07 -0.68%
Market Price $10.11 Daily Change -$0.11 -1.08%

Performance History

As of recent month & quarter-end (06/30/24)
As of recent month & quarter-end (06/30/24)
Fund NAV Market Price Index
1 Year -15.89% -15.86% -15.52%
3 Years -13.94% -14.04% -13.60%
5 Years -4.01% -4.13% -3.63%
Since Inception -1.42% -1.46% -1.04%
1 Year -15.89% -15.86% -15.52%
3 Years -13.94% -14.04% -13.60%
5 Years -4.01% -4.13% -3.63%
Since Inception -1.42% -1.46% -1.04%
Year-to-Date -11.65% -11.21% -11.46%
1 Month -6.73% -6.66% -6.75%
3 Months 1.88% 1.68% 1.96%
Since Inception -12.19% -12.53% -9.06%
Year-to-Date -11.65% -11.21% -11.46%
1 Month -6.73% -6.66% -6.75%
3 Months 1.88% 1.68% 1.96%
Since Inception -12.19% -12.53% -9.06%

The Fund name, investment objective, and investment strategies changed effective November 19, 2018. Index performance reflects the performance of the Indxx Global YieldCo Index through November 16, 2018, and the Indxx YieldCo & Renewable Energy Income Index thereafter. Subsequently, the Fund and index name changed to the Global X Renewable Energy Producers ETF (RNRG) and the Indxx Renewable Energy Producers Index, respectively, effective February 1, 2021.

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 07/23/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
6.88 MEL NZ MERIDIAN ENERGY LTD BWFD052 3.89 668,577 2,598,741.53
6.11 ORSTED DC ORSTED A/S BYT16L4 56.81 40,593 2,306,011.43
6.05 VER AV VERBUND AG 4661607 81.94 27,887 2,285,001.57
5.77 BEP-U CN BROOKFIELD RENEW B712JY0 24.78 87,912 2,178,090.58
5.41 EDPR PL EDP RENOVAVEIS SA B39GNW2 15.03 135,772 2,040,909.20
5.21 NEOEN FP NEOEN SA BGV7F95 41.63 47,258 1,967,118.61
4.89 ELET3 BZ ELETROBRAS 2311120 6.69 275,655 1,844,450.61
4.67 MCY NZ MERCURY NZ LTD B8W6K56 4.11 428,294 1,761,645.47
4.46 EGIE3 BZ ENGIE BRASIL ENERGIA SA BD1WX84 8.17 206,084 1,684,713.24
3.77 ORA ORMAT TECHNOLOGIES INC B03L311 76.22 18,658 1,422,112.76
3.52 NPI CN NORTHLAND POWER INC B68XHC3 16.92 78,520 1,328,479.83
3.27 CEN NZ CONTACT ENERGY LTD 6152529 5.05 244,342 1,234,821.80
3.21 ERG IM ERG SPA 5337093 25.96 46,622 1,210,501.37
3.07 RUN SUNRUN INC BYXB1Y8 17.27 67,155 1,159,766.85
2.51 916 HK CHINA LONGYUAN-H B4Q2TX3 0.92 1,030,900 947,972.23
2.46 ECV1 GR ENCAVIS AG-TEND BS3DXX5 18.65 49,882 930,513.21
2.27 DRX LN DRAX GROUP PLC B1VNSX3 7.15 119,621 855,450.43
2.13 NEP NEXTERA ENERGY P BNGY4Q0 27.76 28,962 803,985.12
2.10 AY ATLANTICA SUSTAI BLP5YB5 22.08 35,935 793,444.80
2.03 TENERGY GA TERNA ENERGY SA B28XVV2 20.85 36,719 765,410.59
2.02 BLX CN BORALEX INC -A 2099084 24.04 31,707 762,082.34
1.73 CWEN CLEARWAY ENERGY INC-C BGJRH57 25.58 25,482 651,829.56
1.63 ENRG IT ENERGIX-RENEWAB B469X43 3.65 168,720 615,776.61
1.59 ENLT IT ENLIGHT RENEWABL 6767677 16.58 36,307 601,997.42
1.22 SLR SM SOLARIA ENERGIA B1YVKJ4 11.98 38,500 461,395.38
1.21 INE CN INNERGEX RENEWABLE ENERGY B29TNV3 7.28 62,783 457,258.46
1.16 RNW RENEW ENERGY GLOBAL PLC-A BNQMPN8 5.62 78,211 439,545.82
1.04 GVOLT PL GREENVOLT-ENERGI BMFBLL9 9.22 42,781 394,384.73
1.02 AESB3 BZ AES BRASIL ENERGIA SA BMYVVL0 2.05 187,796 384,224.40
1.01 SCATC NO Scatec ASA BQSSWW3 7.84 48,762 382,243.56
0.96 VBK GR VERBIO SE B1FQQK1 18.65 19,508 363,907.86
0.81 SRNA3 BZ SERENA ENERGIA SA BRXJLC1 1.59 192,362 305,799.97
0.79 3868 HK XINYI ENERGY HOLDINGS LTD BGSN864 0.12 2,537,000 298,925.47
0.74 NOVA SUNNOVA ENERGY I BJ9N563 7.39 37,586 277,760.54
0.64 AYDEM TI AYDEM YENILENEBI BM9KX94 1.11 216,791 241,539.56
0.53 1798 HK CHINA DATANG C-H B4YX1N2 0.26 761,500 198,954.93
0.53 1407 JP WEST HOLDINGS CORP B0YQ5X1 14.04 14,154 198,706.75
0.51 OTHER PAYABLE & RECEIVABLES 1.00 190,552 190,551.66
0.45 GUNKUL-R TB GUNKUL ENG -NVDR B4TSK68 0.06 2,715,640 169,469.73
0.39 9519 JP RENOVA INC BD71KT5 6.03 24,245 146,251.77
0.31 EA-R TB ENERGY ABSOLUTE PCL-NVDR B9L4K92 0.10 1,141,265 117,230.59
0.00 GWIND TI GALATA WIND ENERJI AS BM9KXQ1 0.98 1 0.57
0.00 BRAZILIAN REAL 0.17 0 0.06
0.00 NEW ZEALAND DOLLAR 1.00 0 0.01
0.00 HYDR RM RUSHYDRO PJSC B58HDC0 0.00 271,804,543 0.00
0.00 TURKISH LIRA 0.00 0 0.00
0.00 NORWEGIAN KRONE 0.09 -1 -0.11
0.00 EURO 1.07 0 -0.31
0.00 CANADIAN DOLLAR 0.73 -92 -67.11
0.00 ISRAELI SHEKEL 0.28 -504 -138.93
0.00 DANISH KRONE 0.15 -3,734 -542.78
-0.05 CASH 1.00 -18,425 -18,424.92
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 06/30/24

Sector Weight (%)
Utilities 96.4
Industrials 2.6
Energy 1.0

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Utilities 96.7
Electrical Equipment 2.3
Energy 1.0

Source: new windowAltaVista Research, LLC

Country Weight (%)
New Zealand 15.4
Brazil 10.4
United States 10.3
Canada 7.1
Spain 6.5
Austria 6.0
Bermuda 6.0
Denmark 5.9
France 5.3
Britain 4.2
China 4.0
Other 18.9

Source: new windowAltaVista 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 07/23/24

Return on Equity 7.40%
Weighted Avg. Market Cap 7,270 M
2023 2024
Price-to-earnings 31.86 18.13
Price-to-book value 1.35 1.33

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 06/30/24

Versus Beta
S&P 500 0.94
NASDAQ-100 0.66
MSCI EAFE 1.04
MSCI Emg. Mkts 0.80
Standard Deviation 23.50%

Source: new windowAltaVista Research, LLC

ETF Research

Investing involves risk, including the possible loss of principal. Investments in smaller companies typically exhibit higher volatility. The value of securities issued by companies in the energy sector may decline for many reasons, including, without limitation, changes in energy prices; international politics; energy conservation; the success of exploration projects; natural disasters or other catastrophes; changes in exchange rates, interest rates, or economic conditions; changes in demand for energy products and services; and tax and other government regulatory policies. RNRG is non-diversified.

Investments in yieldcos involve risks that differ from investments in traditional operating companies, including risks related to the relationship between the yieldco and the company responsible for the formation of the yieldco. Yieldco securities can be affected by expectations of interest rates, investor sentiment towards yieldcos or the energy sector.

Yieldcos may distribute all or substantially all of the cash available for distribution, which may limit new acquisitions and future growth. Yieldcos may finance its growth strategy with debt, which may increase the yieldco’s leverage and the risks associated with the yieldco. The ability of a yieldco to maintain or grow its dividend distributions may depend on the entity’s ability to minimize its tax liabilities through the use of accelerated depreciation schedules, tax loss carryforwards, and tax incentives.

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. Beginning October 15, 2020, 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. Prior to October 15, 2020, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times. 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 Indxx, nor does Indxx 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 Indxx.

RNRG traded under the ticker YLCO from inception until February 1, 2021.