| NAV | $12.07 | Daily Change | -$0.16 | -1.31% |
| Market Price | $12.10 | Daily Change | -$0.12 | -0.98% |
Forecasts suggest the global market for solar energy could reach $200bn by 2026, quadruple the market size in 2019.1
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.
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
| Inception Date | 09/08/21 |
| Total Expense Ratio | 0.51% |
| Net Assets | $6.16 million |
| NAV | $12.07 |
| Fact Sheet | View the document |
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.
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.
| Ticker | RAYS |
| Bloomberg Index Ticker | SOLRAYS |
| CUSIP | 37960A701 |
| ISIN | US37960A7019 |
| Primary Exchange | Nasdaq |
| Shares Outstanding | 510,000 |
| Number of Holdings | 50 |
| 30-Day Median Bid-Ask Spread | 0.43% |
| 30-Day SEC Yield | 0.31% |
| Distribution Frequency | Semi-Annually |
| NAV | $12.07 | Daily Change | -$0.16 | -1.31% |
| Market Price | $12.10 | Daily Change | -$0.12 | -0.98% |
|
As of recent (09/30/23)
As of recent (09/30/23)
|
Fund NAV | Market Price | Index |
|---|---|---|---|
| 1 Year | -33.73% | -33.43% | -33.38% |
| Since Inception | -24.76% | -24.65% | -24.34% |
| 1 Year | -43.25% | -42.81% | -42.98% |
| Since Inception | -29.46% | -29.29% | -29.09% |
| Year-to-Date | -34.05% | -33.76% | -33.78% |
| 1 Month | -9.18% | -9.64% | -9.17% |
| 3 Months | -27.05% | -27.11% | -27.00% |
| Since Inception | -44.35% | -44.18% | -43.71% |
| Year-to-Date | -43.95% | -43.57% | -43.72% |
| 1 Month | -15.01% | -14.81% | -15.02% |
| 3 Months | -34.63% | -34.29% | -34.64% |
| Since Inception | -52.70% | -52.45% | -52.17% |
Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.
| Net Assets (%) | Ticker | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
|---|---|---|---|---|---|---|
| 9.27 | FSLR | FIRST SOLAR INC | B1HMF22 | 154.38 | 3,639 | 561,788.82 |
| 8.93 | 300274 C2 | SUNGROW POWER -A | BD5CGB4 | 11.81 | 45,800 | 540,860.71 |
| 8.26 | 601012 C1 | LONGI GREEN EN-A | BRTL411 | 3.15 | 158,960 | 500,346.52 |
| 7.71 | ENPH | ENPHASE ENERGY INC | B65SQW4 | 100.22 | 4,662 | 467,225.64 |
| 3.86 | 002459 C2 | JA SOLAR TECHN-A | BMVB500 | 3.02 | 77,404 | 234,118.27 |
| 3.45 | RUN | SUNRUN INC | BYXB1Y8 | 11.31 | 18,460 | 208,782.60 |
| 3.40 | 968 HK | XINYI SOLAR HOLDINGS LTD | BGQYNN1 | 0.62 | 332,600 | 206,134.54 |
| 3.27 | 605117 C1 | NINGBO DEYE TE-A | BP91NG5 | 9.30 | 21,300 | 198,037.07 |
| 3.25 | SEDG | SOLAREDGE TECHNO | BWC52Q6 | 78.08 | 2,518 | 196,605.44 |
| 2.97 | 603806 C1 | HANGZHOU FIRST-A | BYYFJR8 | 3.46 | 52,032 | 179,776.79 |
| 2.96 | 009830 KS | HANWHA SOLUTIONS CORP | 6407768 | 25.87 | 6,926 | 179,200.67 |
| 2.82 | 300118 C2 | RISEN ENERGY CO LTD-A | BD5LW24 | 2.41 | 71,100 | 171,126.55 |
| 2.75 | 600732 C1 | SHANGHAI AIKO-A | BMXTYM7 | 2.42 | 68,740 | 166,311.10 |
| 2.72 | 300763 C2 | GINLONG TECHNO-A | BMQBTQ9 | 9.66 | 17,050 | 164,766.30 |
| 2.71 | 300724 C2 | SHENZHEN SC NE-A | BKDQ8D3 | 10.07 | 16,300 | 164,171.02 |
| 2.08 | ARRY | ARRAY TECHNOLOGIES INC | BLBLMD5 | 15.07 | 8,363 | 126,030.41 |
| 1.92 | ECV GR | ENCAVIS AG | 5491966 | 14.37 | 8,112 | 116,566.51 |
| 1.76 | SHLS | SHOALS TECHNOL-A | BMDJ085 | 14.13 | 7,549 | 106,667.37 |
| 1.76 | 002506 C2 | GCL SYSTEM INT-A | BD6QVT8 | 0.39 | 275,300 | 106,586.11 |
| 1.65 | 000591 C2 | CECEP SOLAR EN-A | BD5LQM2 | 0.79 | 126,700 | 100,055.21 |
| 1.62 | SLR SM | SOLARIA ENERGIA | B1YVKJ4 | 18.02 | 5,456 | 98,306.84 |
| 1.56 | 002610 C2 | ZHEJIANG AKCOME NEW ENERG | BD5LXM1 | 0.31 | 301,400 | 94,363.91 |
| 1.48 | AY | ATLANTICA SUSTAI | BLP5YB5 | 18.95 | 4,730 | 89,633.50 |
| 1.42 | NOVA | SUNNOVA ENERGY I | BJ9N563 | 10.22 | 8,412 | 85,970.64 |
| 1.28 | 002865 C2 | HAINAN DRINDA -A | BLC7SF6 | 12.28 | 6,300 | 77,338.91 |
| 1.18 | CSIQ | CANADIAN SOLAR INC | B1GKCH1 | 20.88 | 3,427 | 71,555.76 |
| 1.15 | 688390 C1 | GOODWE TECHNOL-A | BP91NV0 | 15.18 | 4,594 | 69,732.54 |
| 1.04 | 300827 C2 | SINENG ELECTRIC CO LTD-A | BP91MM4 | 3.86 | 16,361 | 63,138.01 |
| 1.02 | S92 GR | SMA SOLAR TECHNOLOGY AG | B3B20H2 | 63.34 | 971 | 61,505.45 |
| 0.95 | MBTN SW | MEYER BURGER TEC | B5NC0D0 | 0.24 | 239,462 | 57,350.31 |
| 0.90 | 6865 HK | FLAT GLASS GROUP CO LTD-H | BYQ9774 | 1.77 | 30,800 | 54,381.42 |
| 0.80 | 3576 TT | UNITED RENEWABLE | B284BT3 | 0.48 | 101,918 | 48,508.59 |
| 0.70 | 300080 C2 | HENAN YICHENG -A | BMVB522 | 0.68 | 62,200 | 42,164.48 |
| 0.64 | 600537 C1 | EGING PHOTOVOL-A | BTFRHC9 | 0.73 | 53,400 | 38,886.03 |
| 0.61 | ESEN TI | ESENBOGA ELEKTRI | BMHYTB2 | 3.50 | 10,581 | 37,012.84 |
| 0.61 | MAGEN TI | MARGUN ENERJI | BMVGRP4 | 1.99 | 18,490 | 36,790.13 |
| 0.60 | 1407 JP | WEST HOLDINGS CORP | B0YQ5X1 | 21.97 | 1,650 | 36,254.64 |
| 0.59 | 6443 TT | TSEC CORP | BK0S597 | 0.93 | 38,677 | 35,899.81 |
| 0.57 | 3868 HK | XINYI ENERGY HOLDINGS LTD | BGSN864 | 0.19 | 178,000 | 34,260.42 |
| 0.47 | SPWR | SUNPOWER CORP | B59DK93 | 4.18 | 6,877 | 28,745.86 |
| 0.47 | AMPS | ALTUS POWER INC | BPNXP05 | 5.00 | 5,645 | 28,225.00 |
| 0.45 | 6244 TT | MOTECH INDUSTRIES INC | 6609445 | 0.91 | 30,090 | 27,453.60 |
| 0.44 | 2406 TT | GIGASTORAGE CORP | 6246961 | 0.53 | 50,030 | 26,660.09 |
| 0.44 | 002623 C2 | CHANGZHOU ALMA-A | BD6QW17 | 3.69 | 7,200 | 26,567.52 |
| 0.44 | 4934 TT | TAINERGY TECH CO LTD | B61GMJ1 | 0.90 | 29,300 | 26,454.83 |
| 0.30 | SOL | EMEREN GROUP LTD | BYM5JB4 | 2.36 | 7,742 | 18,271.12 |
| 0.30 | 322000 KS | HD HYUNDAI ENERG | BG0WKZ2 | 18.64 | 968 | 18,043.25 |
| 0.19 | 3856 JP | ABALANCE CORP | B2416M6 | 24.35 | 468 | 11,394.40 |
| 0.12 | CASH | 1.00 | 7,465 | 7,464.82 | ||
| 0.12 | MAXN | MAXEON SOLAR TECHNOLOGIE | BMH1V17 | 4.55 | 1,537 | 6,993.35 |
| 0.09 | FTCI | FTC SOLAR INC | BP09YX2 | 0.64 | 8,401 | 5,353.12 |
| 0.00 | JAPANESE YEN | 0.01 | 3,772 | 25.23 | ||
| -0.01 | OTHER PAYABLE & RECEIVABLES | 1.00 | -422 | -421.86 |
| Sector | Weight (%) | |
|---|---|---|
| Information Technology | 57.0 | |
| Industrials | 29.1 | |
| Utilities | 8.9 | |
| Materials | 3.7 | |
| Consumer Discretionary | 1.3 |
| Industry | Weight (%) | |
|---|---|---|
| Semiconductors | 29.1 | |
| Electrical Products | 22.6 | |
| Electronic Components | 10.0 | |
| Electronic Equipment/Instruments | 8.7 | |
| Alternative Power Generation | 8.7 | |
| Industrial Machinery | 5.1 | |
| Trucks/Construction/Farm Machinery | 4.6 | |
| Chemicals: Major Diversified | 3.6 | |
| Engineering & Construction | 3.5 | |
| Electric Utilities | 2.7 | |
| Industrial Specialties | 1.1 | |
| Other | 0.3 |
| Country | Weight (%) | |
|---|---|---|
| China | 55.8 | |
| United States | 28.6 | |
| Germany | 2.8 | |
| South Korea | 2.8 | |
| Taiwan | 2.7 | |
| Britain | 1.5 | |
| Spain | 1.4 | |
| Turkey | 1.2 | |
| Canada | 1.2 | |
| Switzerland | 1.1 | |
| Japan | 0.8 | |
| Other | 0.1 |
All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.
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.