YieldCo Index ETF

Fund Summary

The Global X YieldCo Index ETF (YLCO) seeks to provide investors with exposure to an emerging class of income generating renewable energy assets called YieldCos.

Fund Objective

The Global X YieldCo Index ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Global YieldCo Index.


High Income Potential

YieldCos seek to return a large percentage of their cash flows to investors as distributions, typically resulting in high yields.

Invest in Renewables

YieldCos are typically a portfolio of solar or wind projects with long term contracts to deliver energy to customers.

Dividend Growth

YieldCo distributions are grown through the acquisition of additional energy generating assets. Dividend growth can help protect a company’s share price against rising interest rates.

Fund Details As of 8/17/18

Ticker YLCO
Primary Exchange NASDAQ
CUSIP 37954Y707
ISIN US37954Y7076
Bloomberg Index Ticker IYLCOT
Net Assets $21,412,989
Management Fee 0.65%
Annual Fund Operating Expense 0.65%
Inception Date 5/27/15
Shares Outstanding 1,800,000
30-Day SEC Yield 5.18%
12-month Dividend Yield 4.98%
Distribution Yield 4.95%
Distribution Frequency Quarterly
Distribution Calendar

Fund Research

Fund Prices

As of 8/17/18
NAV Price
Net Asset Value $11.90 Closing Price $11.78
Daily Change $0.10 0.85% Daily Change $0.08 0.68%

Performance History

Cumulative %

Data as of month end (7/31/18)

Fund NAV Closing Price Index
1 Month 0.51% 0.34% 0.53%
3 Months 1.68% 0.99% 1.74%
6 Months -2.45% -3.03% -2.44%
Since Inception -8.98% -9.74% -8.12%

Avg Annualized %

Data as of month end (7/31/18)

Fund NAV Closing Price Index
1 Year -1.58% -2.78% -1.07%
3 Years 1.56% 1.15% 1.88%
5 Years -- -- --
Since Inception -2.92% -3.17% -2.63%

Avg Annualized %

Data as of quarter end (6/30/18)

Fund NAV Closing Price Index
1 Year 1.88% 1.02% 2.42%
3 Years -1.51% -1.96% -1.19%
5 Years -- -- --
Since Inception -3.15% -3.36% -2.86%

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 8/16/18

Return on Equity 4.20%
Average Market Cap $1,116.00 M
2016 2017
Price-to-earnings 34.61 15.67
Price-to-book value 0.66 0.66

Source: AltaVista Research, LLC

Fund Risk Stats As of 8/16/18

Versus Beta
S&P 500 1.06
MSCI Emg. Mkts 0.81
Standard Deviation 18.70%

Source: AltaVista Research, LLC

Top 10 Holdings

As of 8/17/18
Net Assets % Name Market Price ($) Shares Held Market Value ($)
10.22 BROOKFIELD RENEWABLE PART 31.40 69,713 2,188,988.20
10.22 NRG YIELD INC-CLASS A 19.70 111,060 2,187,882.00
9.31 NORTHLAND POWER INC 17.36 114,798 1,993,206.65
8.41 NEXTERA ENERGY PARTNERS L 48.43 37,196 1,801,402.28
6.80 TRANSALTA RENEWABLES INC 9.20 158,305 1,456,568.11
5.13 HANNON ARMSTRONG SUSTAINA 20.96 52,421 1,098,744.16
4.99 PATTERN ENERGY GROUP INC 20.08 53,233 1,068,918.64
4.87 CANADIAN SOLAR INC 13.11 79,483 1,042,022.13
4.72 ATLANTICA YIELD PLC 20.60 49,019 1,009,791.40
4.61 INNERGEX RENEWABLE ENERGY 10.25 96,305 986,932.14
Holdings are subject to change.

Global X Management Company, LLC serves as an advisor to the Global X Funds. The Funds are distributed by SEI Investments Distribution Co., which is not affiliated with Global X Management Company, LLC.

Investing involves risk, including the possible loss of principal. In addition to the normal risks associated with investing, 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. The Fund is non-diversified.

Investments in securities of 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 (the “Yieldco Sponsor”). Yieldco securities can be affected by macro-economic and other factors affecting the stock market in general, expectations of interest rates, investor sentiment towards yieldcos or the energy sector, changes in a particular issuer’s financial condition, or unfavorable or unanticipated poor performance of a particular issuer (in the case of yieldcos, generally measured in terms of distributable cash flow). Prices of yieldco securities also can be affected by fundamentals unique to the company, including earnings power and coverage ratios. 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 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. The closing price is the Mid-Point between the Bid and Ask price as of the close of exchange. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.Since the Fund’s Shares typically do not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in Shares, the NAV of the Fund is used to calculate market returns.

Since the Fund’s Shares typically do not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in Shares, the NAV of the Fund is used to calculate market returns.

“INDXX” is a service mark of INDXX and has been licensed for use for certain purposes by Global X Management Company, LLC. Global X Funds are not sponsored, endorsed, issued, sold, or promoted by INDXX nor does this company make any representations regarding the advisability of investing in the Global X Funds. (Index data source: INDXX)

Carefully consider the Funds’ investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Funds’ full or summary prospectus, which may be obtained by calling 1-888-GX-FUND-1 (1.888.493.8631), or by visiting www.globalxfunds.com. Read the prospectus carefully before investing.