YieldCo & Renewable Energy Income ETF

Fund Summary

The Global X YieldCo & Renewable Energy Income ETF (YLCO) seeks to provide exposure to an emerging class of income-generating renewable energy assets called YieldCos, along with other companies associated with the production of renewable energy that meet a minimum dividend yield criteria. Such companies may include renewable energy utilities (e.g., solar, wind and hydroelectric power), producers of renewable energy components, producers of biofuels, and other companies involved in the financing, installation, and operation of renewable energy projects, including smart grid technology.

Fund Objective

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


High Income Potential

The Fund invests in YieldCos, which seek to return a large percentage of their cash flows as distributions, as well as dividend paying renewable energy companies.

Invest in Renewables

YLCO provides exposure to companies involved in a range of renewable energy projects, including production, components, systems, operations and technology.

Fund Details As of 4/3/20

Key Facts

Ticker YLCO
Inception Date 2015-05-27
CUSIP 37954Y707
ISIN US37954Y7076
Bloomberg Index Ticker IYLCOREC
Primary Exchange Nasdaq

Stats & Fees

Net Assets $41,688,311.60
NAV $11.91
Shares Outstanding 3,500,000
Total Expense Ratio 0.65%


30-Day SEC Yield 3.09%
Distribution Frequency Quarterly

Fund Prices As of 4/3/20

NAV Price
Net Asset Value $11.91 Closing Price $11.85
Daily Change $0.00 -0.03% Daily Change -$0.08 -0.63%

Performance History

Cumulative %

Data as of month end (3/31/20)

Fund NAV Closing Price Index
1 Month -15.44% -15.52% -15.44%
3 Months -18.03% -17.37% -18.03%
6 Months -10.13% -9.80% -10.13%
Since Inception -0.50% 0.16% 1.29%

Avg Annualized %

Data as of month end (3/31/20)

Fund NAV Closing Price Index
1 Year -2.46% -2.21% -2.46%
3 Years 6.28% 6.45% 6.28%
Since Inception -0.10% 0.03% 0.27%

Avg Annualized %

Data as of quarter end (3/31/20)

Fund NAV Closing Price Index
1 Year -2.46% -2.21% -2.46%
3 Years 6.28% 6.45% 6.28%
Since Inception -0.10% 0.03% 0.27%

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.

Fund Characteristics As of 4/2/20

Return on Equity 8.40%
Average Market Cap $5,026.00 M
2019 2020
Price-to-earnings 19.66 16.78
Price-to-book value 1.42 1.41

Source: AltaVista Research, LLC

Fund Risk Stats As of 4/2/20

Versus Beta
S&P 500 0.76
MSCI Emg. Mkts 0.63
Standard Deviation 14.70%

Source: AltaVista Research, LLC

Top 10 Holdings

As of 4/3/20
Net Assets % Name Market Price ($) Shares Held Market Value ($)
6.60 ORSTED A/S 93.26 29,516 2,752,800.83
6.03 EDP 3.84 654,504 2,513,272.74
5.88 BROOKFIELD RENEW 40.38 60,726 2,452,292.64
5.71 ENEL AMERICAS SA 0.14 17,420,555 2,378,399.77
5.47 AGL ENERGY LTD 10.51 216,846 2,280,133.07
4.83 ALGONQUIN POWER 12.51 160,811 2,011,491.61
4.71 ENGIE BRASIL ENERGIA SA 7.09 276,892 1,963,999.27
4.44 MERIDIAN ENERGY LTD 2.60 711,770 1,850,424.06
4.13 ENEL CHILE SA 0.07 24,092,091 1,720,794.02
3.65 HAWAIIAN ELECTRIC INDS 40.00 38,070 1,522,800.00
Holdings are subject to change. Cash, where shown, includes other assets and liabilities, such as payables and receivables.

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. YLCO is non-diversified. The information provided is not intended for trading purposes, and should not be considered investment advice.

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. Global X 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.

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.

Carefully consider the fund’s investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the fund’s full or summary prospectus, which may be obtained by visiting globalxetfs.co.jp. please read the prospectus carefully before investing.