Key stats
About GLOBAL X FDS US ELECTRIFICATION ETF
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Inception date
Dec 17, 2024
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Global X Management Co. LLC
Distributor
SEI Investments Distribution Co.
ZAP investing in stocks and ADRs for companies linked to electrification. The investment thesis is based on the development of AI technology drives increased demand for electricity. Such companies engage in conventional electricity generation, transmission, and distribution, alternative electricity generation and technology solutions, and the modernization, development, manufacturing, and/or implementation of grid infrastructure and smart grid technology. To qualify, companies must generate significant revenue from these areas, meet market capitalization and liquidity criteria, and are re-assessed semi-annually. Holdings are weighted by modified capitalization, capping individual holdings to manage risk. The Fund aims to mimic the Index without outperforming it, utilizing a replication or sampling strategy as needed to align closely with the Index's performance. The fund is non-diversified, concentrating on the electric utilities industry.
Classification
What's in the fund
Exposure type
Utilities
Producer Manufacturing
Stock breakdown by region
Top 10 holdings