Key stats
About Global X Solar ETF
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Inception date
Sep 8, 2021
Structure
Open-Ended Fund
Replication method
Physical
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.
RAYS tracks an index of companies involved in the solar energy industry. This includes companies involved in solar power production, the integration of solar into energy systems, and the development/manufacturing of solar-powered technologies. Securities are selected based on a proprietary natural language processing algorithm that identify and rank companies based on filings, disclosures and other public information. Highest-ranking companies are further reviewed to confirm that at least 50% of their revenues are derived from the foregoing activities. The index also applies an ESG screening process to exclude those that does not meet the labor, human rights, environmental, and anticorruption standards. The index is market-cap weighted, subject to 8% single security cap, and is reconstituted and re-weighted semi-annually.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Producer Manufacturing
Stocks99.72%
Electronic Technology71.77%
Producer Manufacturing19.57%
Utilities5.79%
Process Industries1.52%
Industrial Services1.06%
Bonds, Cash & Other0.28%
Cash0.28%
Stock breakdown by region
Asia69.25%
North America25.79%
Europe4.10%
Middle East0.85%
Latin America0.00%
Africa0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
RAYS invests in stocks. The fund's major sectors are Electronic Technology, with 71.77% stocks, and Producer Manufacturing, with 19.57% of the basket. The assets are mostly located in the Asia region.
RAYS top holdings are Sungrow Power Supply Co., Ltd. Class A and Nextracker Inc. Class A, occupying 8.60% and 8.55% of the portfolio correspondingly.
RAYS last dividends amounted to 0.03 USD. Six months before that, the issuer paid 0.03 USD in dividends, which shows a 8.20% increase.
RAYS assets under management is 4.22 M USD. It's fallen 6.00% over the last month.
RAYS fund flows account for −481.24 K USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, RAYS pays dividends to its holders with the dividend yield of 0.78%. The last dividend (Jan 7, 2025) amounted to 0.03 USD. The dividends are paid semi-annually.
RAYS shares are issued by Mirae Asset Global Investments Co., Ltd. under the brand Global X. The ETF was launched on Sep 8, 2021, and its management style is Passive.
RAYS expense ratio is 0.50% meaning you'd have to pay 0.50% of your investment to help manage the fund.
RAYS follows the Solactive Solar Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
RAYS invests in stocks.
RAYS price has fallen by −7.09% over the last month, and its yearly performance shows a −22.91% decrease. See more dynamics on RAYS price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −7.95% over the last month, showed a −6.71% decrease in three-month performance and has decreased by −24.15% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −7.95% over the last month, showed a −6.71% decrease in three-month performance and has decreased by −24.15% in a year.
RAYS trades at a premium (0.63%) meaning the ETF is trading at a higher price than the calculated NAV.