| NAV | $13.62 | Daily Change | $0.17 | 1.26% |
| Market Price | $13.51 | Daily Change | -$0.02 | -0.15% |
Cumulative investment across carbon capture technologies could reach $154bn by 2050, highlighting just one of several growth opportunities for this theme.1
The cost of generating electricity from renewables plunged over the past decade, making many use cases competitive or even cheaper than fossil fuel equivalents.2
RNRG incorporates the Environmental, Social & Governance (ESG) proxy voting guidelines from Glass Lewis.
1International Energy Agency, May 2021
2International Energy Agency, Apr 2021
| Inception Date | 05/27/15 |
| Total Expense Ratio | 0.65% |
| Net Assets | $92.18 million |
| NAV | $13.62 |
| Fact Sheet |
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.
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.
| Ticker | RNRG |
| Bloomberg Index Ticker | IYLCOREC |
| CUSIP | 37954Y707 |
| ISIN | US37954Y7076 |
| Primary Exchange | Nasdaq |
| Shares Outstanding | 6,770,000 |
| Number of Holdings | 47 |
| 30-Day Median Bid-Ask Spread | 0.75% |
| 30-Day SEC Yield | 2.04% |
| Distribution Frequency | Semi-Annually |
| NAV | $13.62 | Daily Change | $0.17 | 1.26% |
| Market Price | $13.51 | Daily Change | -$0.02 | -0.15% |
|
As of recent (12/31/22)
As of recent (12/31/22)
|
Fund NAV | Market Price | Index |
|---|---|---|---|
| 1 Year | -15.06% | -15.15% | -14.73% |
| 3 Years | -2.25% | -2.31% | -1.88% |
| 5 Years | 3.81% | 3.74% | 4.22% |
| Since Inception | 1.66% | 1.62% | 2.05% |
| 1 Year | -5.02% | -5.22% | -4.69% |
| 3 Years | -2.81% | -2.81% | -2.46% |
| 5 Years | 4.32% | 4.36% | 4.73% |
| Since Inception | 1.86% | 1.86% | 2.25% |
| Year-to-Date | -15.06% | -15.15% | -14.73% |
| 1 Month | -4.06% | -4.63% | -4.01% |
| 3 Months | 2.57% | 2.73% | 2.67% |
| Since Inception | 13.36% | 13.00% | 16.69% |
| Year-to-Date | 1.67% | 1.98% | 1.69% |
| 1 Month | 1.67% | 1.98% | 1.69% |
| 3 Months | 2.93% | 2.92% | 3.01% |
| Since Inception | 15.26% | 15.24% | 18.67% |
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.
| Net Assets (%) | Ticker | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
|---|---|---|---|---|---|---|
| 6.41 | ORSTED DC | ORSTED A/S | BYT16L4 | 95.63 | 61,762 | 5,906,492.58 |
| 6.10 | VER AV | VERBUND AG | 4661607 | 85.66 | 65,586 | 5,618,335.96 |
| 6.01 | EDPR PL | EDP RENOVAVEIS SA | B39GNW2 | 22.48 | 246,306 | 5,537,600.43 |
| 5.89 | ELET3 BZ | ELETROBRAS | 2311120 | 7.81 | 695,255 | 5,427,765.43 |
| 5.51 | EA-R TB | ENERGY ABSOLUTE PCL-NVDR | B9L4K92 | 2.64 | 1,925,265 | 5,079,816.14 |
| 5.11 | MEL NZ | MERIDIAN ENERGY LTD | BWFD052 | 3.54 | 1,332,197 | 4,709,585.87 |
| 4.41 | BEP-U CN | BROOKFIELD RENEW | B712JY0 | 28.58 | 142,336 | 4,068,271.48 |
| 3.68 | NPI CN | NORTHLAND POWER INC | B68XHC3 | 26.70 | 126,938 | 3,388,639.59 |
| 3.56 | NEP | NEXTERA ENERGY P | BNGY4Q0 | 73.41 | 44,700 | 3,281,315.25 |
| 3.51 | EGIE3 BZ | ENGIE BRASIL ENERGIA SA | BD1WX84 | 7.69 | 420,484 | 3,233,844.84 |
| 3.39 | RUN | SUNRUN INC | BYXB1Y8 | 28.39 | 110,062 | 3,124,660.18 |
| 3.18 | MCY NZ | MERCURY NZ LTD | B8W6K56 | 4.10 | 715,034 | 2,930,467.21 |
| 2.93 | ORA | ORMAT TECHNOLOGIES INC | B03L311 | 93.18 | 28,945 | 2,697,095.10 |
| 2.60 | ERG IM | ERG SPA | 5337093 | 30.83 | 77,662 | 2,394,331.93 |
| 2.50 | NEOEN FP | NEOEN SA | BGV7F95 | 38.95 | 59,239 | 2,307,238.63 |
| 2.50 | 916 HK | CHINA LONGYUAN-H | B4Q2TX3 | 1.34 | 1,724,200 | 2,304,107.31 |
| 2.23 | CEN NZ | CONTACT ENERGY LTD | 6152529 | 5.08 | 403,928 | 2,051,223.58 |
| 2.18 | VBK GR | VERBIO VEREINI | B1FQQK1 | 61.21 | 32,749 | 2,004,624.03 |
| 1.84 | ECV GR | ENCAVIS AG | 5491966 | 20.34 | 83,146 | 1,691,501.32 |
| 1.82 | DRX LN | DRAX GROUP PLC | B1VNSX3 | 8.10 | 206,724 | 1,673,688.17 |
| 1.75 | AY | ATLANTICA SUSTAI | BLP5YB5 | 27.46 | 58,879 | 1,616,817.34 |
| 1.73 | EVA | ENVIVA INC | BP830S3 | 46.16 | 34,557 | 1,595,151.12 |
| 1.69 | BLX CN | BORALEX INC -A | 2099084 | 29.35 | 53,100 | 1,558,430.31 |
| 1.56 | 3868 HK | XINYI ENERGY HOLDINGS LTD | BGSN864 | 0.37 | 3,839,600 | 1,439,418.54 |
| 1.46 | SLR SM | SOLARIA ENERGIA | B1YVKJ4 | 20.91 | 64,490 | 1,348,304.12 |
| 1.38 | INE CN | INNERGEX RENEWABLE ENERGY | B29TNV3 | 12.04 | 105,435 | 1,269,785.52 |
| 1.37 | RNW CN | TRANSALTA RENEWABLES INC | BCZLSL8 | 9.13 | 137,861 | 1,259,217.52 |
| 1.34 | NOVA | SUNNOVA ENERGY I | BJ9N563 | 20.82 | 59,255 | 1,233,689.10 |
| 1.33 | TENERGY GA | TERNA ENERGY SA | B28XVV2 | 20.46 | 59,797 | 1,223,364.29 |
| 1.20 | ENLT IT | ENLIGHT RENEWABL | 6767677 | 21.16 | 52,148 | 1,103,307.20 |
| 1.07 | ENRG IT | ENERGIX-RENEWAB | B469X43 | 3.50 | 281,079 | 984,918.52 |
| 0.92 | RNW | RENEW ENERGY GLOBAL PLC-A | BNQMPN8 | 5.85 | 145,540 | 851,409.00 |
| 0.78 | SCATC NO | Scatec ASA | BQSSWW3 | 8.81 | 81,575 | 718,983.24 |
| 0.78 | 1407 JP | WEST HOLDINGS CORP | B0YQ5X1 | 30.10 | 23,824 | 717,160.01 |
| 0.77 | 9519 JP | RENOVA INC | BD71KT5 | 17.46 | 40,732 | 711,251.56 |
| 0.76 | GUNKUL-R TB | GUNKUL ENG -NVDR | B4TSK68 | 0.15 | 4,567,440 | 696,601.21 |
| 0.71 | AESB3 BZ | AES BRASIL ENERGIA SA | BMYVVL0 | 2.07 | 313,796 | 650,129.83 |
| 0.67 | GVOLT PL | GREENVOLT-ENERGI | BMFBLL9 | 8.56 | 71,635 | 612,867.82 |
| 0.64 | MEGA3 BZ | OMEGA ENERGIA SA | BLGSDH2 | 1.79 | 331,062 | 593,122.93 |
| 0.50 | BCPG-R TB | BCPG PCL-NVDR | BD3RR63 | 0.31 | 1,484,640 | 457,387.09 |
| 0.46 | 1798 HK | CHINA DATANG C-H | B4YX1N2 | 0.33 | 1,284,200 | 422,480.00 |
| 0.44 | ACE-R TB | ABSOLUTE CLEAN-R | BKFBJ66 | 0.08 | 5,216,556 | 407,347.65 |
| 0.36 | AYDEM TI | AYDEM YENILENEBI | BM9KX94 | 0.91 | 361,180 | 330,064.81 |
| 0.30 | GEVO | GEVO INC | BGDLVV9 | 2.20 | 126,392 | 278,062.40 |
| 0.26 | GWIND TI | GALATA WIND ENERJI AS | BM9KXQ1 | 0.89 | 273,087 | 242,447.19 |
| 0.26 | AYEN TI | AYEN ENERJI AS | B03MPK7 | 1.54 | 155,827 | 240,237.26 |
| 0.21 | CASH | 1.00 | 192,223 | 192,222.55 | ||
| 0.00 | HYDR RM | RUSHYDRO PJSC | B58HDC0 | 0.00 | 271,804,543 | 38.66 |
| 0.00 | EURO | 1.10 | 1 | 0.56 | ||
| 0.00 | AUSTRALIAN DOLLAR | 1.00 | 0 | 0.01 | ||
| 0.00 | HONG KONG DOLLAR | 0.00 | 0 | 0.00 | ||
| 0.00 | NEW ZEALAND DOLLAR | 0.50 | 0 | -0.01 | ||
| 0.00 | NORWEGIAN KRONE | 0.10 | -1 | -0.09 | ||
| 0.00 | BRITISH STERLING POUND | 1.24 | 0 | -0.21 | ||
| 0.00 | CANADIAN DOLLAR | 0.75 | -70 | -52.76 | ||
| 0.00 | ISRAELI SHEKEL | 0.29 | -504 | -148.66 |
| Sector | Weight (%) | |
|---|---|---|
| Utilities | 92.4 | |
| Industrials | 3.0 | |
| Energy | 2.6 | |
| Materials | 2.1 |
Source: AltaVista Research, LLC
| Country | Weight (%) | |
|---|---|---|
| United States | 13.1 | |
| Brazil | 11.2 | |
| New Zealand | 10.3 | |
| Canada | 8.4 | |
| Thailand | 8.4 | |
| Spain | 7.5 | |
| Denmark | 5.5 | |
| Austria | 5.2 | |
| Germany | 4.4 | |
| China | 4.3 | |
| Bermuda | 4.2 | |
| Other/Cash | 17.5 |
Source: AltaVista Research, LLC
| Return on Equity | 9.00% | |
| Weighted Avg. Market Cap | 7,382 M | |
| 2022 | 2023 | |
| Price-to-earnings | 23.20 | 20.45 |
| Price-to-book value | 1.87 | 1.82 |
Source: AltaVista Research, LLC
| Versus | Beta |
|---|---|
| S&P 500 | 0.81 |
| MSCI EAFE | 0.80 |
| MSCI Emg. Mkts | 0.71 |
| Standard Deviation | 22.60% |
Source: AltaVista Research, LLC
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.