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Trending ETFs

Name

As of 05/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$18.25

$9.44 M

1.57%

$0.29

0.50%

Vitals

YTD Return

11.6%

1 yr return

24.5%

3 Yr Avg Return

6.5%

5 Yr Avg Return

N/A

Net Assets

$9.44 M

Holdings in Top 10

62.7%

52 WEEK LOW AND HIGH

$18.2
$13.63
$18.36

Expenses

OPERATING FEES

Expense Ratio 0.50%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$18.25

$9.44 M

1.57%

$0.29

0.50%

AQWA - Profile

Distributions

  • YTD Total Return 11.6%
  • 3 Yr Annualized Total Return 6.5%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    Global X Clean Water ETF
  • Fund Family Name
    Global X Funds
  • Inception Date
    Apr 08, 2021
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Wayne Xie

Fund Description

The Fund invests at least 80% of its total assets, plus borrowings for investment purposes (if any), in the securities of the Solactive Global Clean Water Industry Index (the "Underlying Index") and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the Underlying Index. The Fund's 80% investment policy is non-fundamental and requires 60 days prior written notice to shareholders before it can be changed.
The Underlying Index is designed to provide exposure to companies that have business operations in the provision of clean water. Specifically, the Underlying Index will include securities issued by “Clean Water Companies” as defined by Solactive AG, the provider of the Underlying Index (the "Index Provider"). Clean Water Companies are those companies that derive at least 50% of their revenues, operating income, or assets from the following business activities:
1.Industrial water treatment, recycling (including water reclamation), purification, and conservation.
2.Water storage, transportation, metering, and distribution infrastructure.
3.Production of household and commercial water purifier and heating products.
4.Provision of consulting services identifying and implementing water efficiency strategies at the corporate and/or municipal levels.
In constructing the Underlying Index, the Index Provider first applies a proprietary natural language processing algorithm to the eligible universe, which seeks to identify and rank companies involved in the provision of clean water based on filings,
disclosures and other public information (e.g. regulatory filings, earnings transcripts, etc.). The Index Provider also applies an ESG (Environmental, Social and Governance) screening process to the universe of eligible companies. The Index Provider, in partnership with ESG data provider Minerva, on a quarterly basis reviews each constituent of the Underlying Index for compliance with the principles of the United Nations Global Compact. Any existing or potential constituent of the Underlying Index which does not meet the labor, human rights, environmental, and anti-corruption standards as defined by the United Nations Global Compact Principles as of the quarterly review will be excluded from the Underlying Index, as determined by the Index Provider. The highest-ranking companies identified by the natural language processing algorithm, as of the selection date, are further reviewed by the Index Provider to confirm they derive at least 50% of their revenues from the provision of clean water.
To be a part of the eligible universe of the Underlying Index, certain minimum market capitalization and liquidity criteria, as defined by the Index Provider, must be met. As of January 31, 2024, companies must have a minimum market capitalization of $200 million and a minimum average daily turnover for the last 6 months greater than or equal to $2 million in order to be eligible for inclusion in the Underlying Index. As of January 31, 2024, companies listed in the following countries were eligible for inclusion in the Underlying Index: Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Greece, Hong Kong, Hungary, Indonesia, Ireland, Israel, Italy, Japan, Kuwait, Malaysia, Mexico, Netherlands, New Zealand, Norway, Philippines, Poland, Portugal, Qatar, Saudi Arabia, South Africa, South Korea, Singapore, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, United Arab Emirates, the United Kingdom, and the United States.
The Underlying Index is weighted according to a modified capitalization weighting methodology and is reconstituted and re-weighted semi-annually. Modified capitalization weighting seeks to weight constituents primarily based on market capitalization, but subject to caps on the weights of the individual securities. During each rebalance, the maximum weight of a company is capped at 8%, the aggregate weight of companies with a weight greater than or equal to 4.5% is capped at 40%, and all remaining companies are capped at a weight of 4.5%, and all constituents are subject to a minimum weight of 0.3%. Generally speaking, this approach will limit the amount of concentration in the largest market capitalization companies and increase company-level diversification. The Underlying Index may include large-, mid- or small-capitalization companies, and components primarily include utilities and industrials companies. As of January 31, 2024, the Underlying Index had 39 constituents. The Fund's investment objective and Underlying Index may be changed without shareholder approval.
The Underlying Index is sponsored by the Index Provider, which is an organization that is independent of, and unaffiliated with, the Fund and Global X Management Company LLC, the investment adviser for the Fund ("Adviser"). In addition, any determinations related to the constituents of the Underlying Index are made independent of the Fund's portfolio managers. The Index Provider determines the relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.
The Adviser uses a "passive" or indexing approach to try to achieve the Fund's investment objective. Unlike many investment companies, the Fund does not try to outperform the Underlying Index and does not seek temporary defensive positions when markets decline or appear overvalued.
The Fund generally will use a replication strategy. A replication strategy is an indexing strategy that involves investing in the securities of the Underlying Index in approximately the same proportions as in the Underlying Index. However, the Fund may utilize a representative sampling strategy with respect to the Underlying Index when a replication strategy might be detrimental or disadvantageous to shareholders, such as when there are practical difficulties or substantial costs involved in compiling a portfolio of equity securities to replicate the Underlying Index, in instances in which a security in the Underlying Index becomes temporarily illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations (such as tax diversification requirements) that apply to the Fund but not the Underlying Index.
The Adviser expects that, over time, the correlation between the Fund's performance and that of the Underlying Index, before fees and expenses, will exceed 95%. A correlation percentage of 100% would indicate perfect correlation. If the Fund uses a replication strategy, it can be expected to have greater correlation to the Underlying Index than if it uses a representative sampling strategy.
The Fund concentrates its investments (i.e., holds 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. As of January 31, 2024, the Underlying Index was concentrated in the machinery and water utilities industries and had significant exposure to the industrials and utilities sectors.
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AQWA - Performance

Return Ranking - Trailing

Period AQWA Return Category Return Low Category Return High Rank in Category (%)
YTD 11.6% -17.0% 23.8% 96.61%
1 Yr 24.5% -25.4% 16.2% 90.18%
3 Yr 6.5%* 0.2% 73.7% N/A
5 Yr N/A* -5.9% 14.1% N/A
10 Yr N/A* -10.9% 12.2% N/A

* Annualized

Return Ranking - Calendar

Period AQWA Return Category Return Low Category Return High Rank in Category (%)
2023 18.3% -32.2% 34.0% N/A
2022 -21.2% -10.9% 35.5% N/A
2021 N/A -8.5% 36.3% N/A
2020 N/A -13.9% 8.5% N/A
2019 N/A -11.7% 24.9% N/A

Total Return Ranking - Trailing

Period AQWA Return Category Return Low Category Return High Rank in Category (%)
YTD 11.6% -30.0% 23.8% 96.61%
1 Yr 24.5% -25.4% 51.5% 90.35%
3 Yr 6.5%* 0.2% 73.7% N/A
5 Yr N/A* -5.9% 18.1% N/A
10 Yr N/A* -10.9% 13.9% N/A

* Annualized

Total Return Ranking - Calendar

Period AQWA Return Category Return Low Category Return High Rank in Category (%)
2023 20.1% -32.2% 34.0% N/A
2022 -19.9% -10.9% 35.5% N/A
2021 N/A -8.5% 36.3% N/A
2020 N/A -13.9% 8.5% N/A
2019 N/A -11.7% 24.9% N/A

AQWA - Holdings

Concentration Analysis

AQWA Category Low Category High AQWA % Rank
Net Assets 9.44 M 1.77 M 8.89 B 94.07%
Number of Holdings 39 23 422 73.73%
Net Assets in Top 10 5.92 M 770 K 4.68 B 95.76%
Weighting of Top 10 62.73% 18.0% 74.6% 14.41%

Top 10 Holdings

  1. FERGUSON PLC COMMON STOCK 9.63%
  2. XYLEM INC COMMON STOCK 9.04%
  3. ECOLAB INC COMMON STOCK 8.88%
  4. PENTAIR PLC COMMON STOCK 7.00%
  5. AMERICAN WATER WORKS CO INC COMMON STOCK 6.16%
  6. ADVANCED DRAINAGE SYSTEMS IN COMMON STOCK 5.15%
  7. SMITH (A.O.) CORP COMMON STOCK 4.72%
  8. UNITED UTILITIES GROUP PLC COMMON STOCK 4.34%
  9. SEVERN TRENT PLC COMMON STOCK 4.22%
  10. ESSENTIAL UTILITIES INC COMMON STOCK 3.59%

Asset Allocation

Weighting Return Low Return High AQWA % Rank
Stocks
99.80% 78.27% 100.48% 3.36%
Cash
0.20% -1.77% 21.06% 94.07%
Preferred Stocks
0.00% 0.00% 0.60% 93.22%
Other
0.00% -1.72% 2.99% 90.68%
Convertible Bonds
0.00% 0.00% 0.43% 93.22%
Bonds
0.00% -2.00% 2.96% 92.44%

Stock Sector Breakdown

Weighting Return Low Return High AQWA % Rank
Utilities
0.00% 0.00% 46.27% 0.85%
Technology
0.00% 0.00% 25.71% 94.07%
Real Estate
0.00% 0.00% 36.20% 94.07%
Industrials
0.00% 0.00% 63.67% 17.80%
Healthcare
0.00% 0.00% 22.67% 94.07%
Financial Services
0.00% 0.00% 4.52% 93.22%
Energy
0.00% 0.00% 89.67% 66.10%
Communication Services
0.00% 0.00% 0.21% 93.22%
Consumer Defense
0.00% 0.00% 33.96% 95.76%
Consumer Cyclical
0.00% 0.00% 43.37% 39.83%
Basic Materials
0.00% 2.49% 100.00% 88.14%

Stock Geographic Breakdown

Weighting Return Low Return High AQWA % Rank
US
75.52% 8.98% 99.93% 37.29%
Non US
24.28% 0.00% 90.92% 58.47%

AQWA - Expenses

Operational Fees

AQWA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.50% 0.01% 5.06% 80.83%
Management Fee 0.50% 0.00% 1.25% 25.42%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.25% N/A

Sales Fees

AQWA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 2.25% N/A

Trading Fees

AQWA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AQWA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 4.00% 169.00% N/A

AQWA - Distributions

Dividend Yield Analysis

AQWA Category Low Category High AQWA % Rank
Dividend Yield 1.57% 0.00% 11.09% 56.67%

Dividend Distribution Analysis

AQWA Category Low Category High Category Mod
Dividend Distribution Frequency SemiAnnual Annually Quarterly Semi-Annually

Net Income Ratio Analysis

AQWA Category Low Category High AQWA % Rank
Net Income Ratio N/A -35.65% 9.06% 19.47%

Capital Gain Distribution Analysis

AQWA Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

View More +

AQWA - Fund Manager Analysis

Managers

Wayne Xie


Start Date

Tenure

Tenure Rank

Apr 08, 2021

1.15

1.2%

Wayne Xie joined the Global X Management Company LLC in July 2018 as a Portfolio Management Associate. Previously, Mr. Xie was an Analyst at VanEck Associates on the Equity ETF Investment Management team from 2010 to 2018 and a Portfolio Administrator at VanEck Associates from 2007 to 2010. Mr. Xie received his BS in Business Administration from State University of New York at Buffalo.

Kimberly Chan


Start Date

Tenure

Tenure Rank

Apr 08, 2021

1.15

1.2%

Kimberly Chan is a Portfolio Management Associate. Previously, Ms. Chan was a US Associate Trader at Credit Agricole from 2016 to 2018, and an Investment Analyst at MetLife Investments from 2015 to 2016. Ms. Chan received her Bachelor of Science from New York University in 2015.

Nam To


Start Date

Tenure

Tenure Rank

Apr 08, 2021

1.15

1.2%

Nam To, CFA, joined Global X Management Company LLC in July 2017 as a Portfolio Management Analyst. Mr. To has been a Portfolio Manager of the Fund since March 1, 2018. Previously, Mr. To was a Global Economics Research Analyst at Bunge Limited from 2014 through 2017 and an Advisory and Investment Analyst at Horizon Capital Group from June 2013 through August 2013. Mr. To received his Bachelor of Arts in Philosophy and Economics from Cornell University in 2014.

Vanessa Yang


Start Date

Tenure

Tenure Rank

Apr 08, 2021

1.15

1.2%

Vanessa Yang, Portfolio Management Associate, joined Global X Management Company LLC in 2016 as a Portfolio Administrator. She was appointed to the portfolio management team in June 2019. Previously, Ms. Yang was a Portfolio Administrator at VanEck Associates from 2011 to 2014. Ms. Yang received her MS in Financial Engineering from Drucker School of Management in 2010 and her BS in Economics from Guangdong University of Foreign Studies in 2008.

Sandy Lu


Start Date

Tenure

Tenure Rank

Apr 01, 2022

0.16

0.2%

Sandy Lu, CFA, Portfolio Manager, joined the Adviser in September 2021. Previously, Mr. Lu worked at PGIM Fixed Income from 2014 to 2021, where he led the portfolio analyst team covering Emerging Markets Debt. He began his career in 2010 as an Investment Analyst at Lincoln Financial Group. Mr. Lu graduated with a B.S. in Economics from the Wharton School of the University of Pennsylvania. He earned his CFA designation in September 2015, and holds the Series 3 license.

William Helm


Start Date

Tenure

Tenure Rank

Apr 01, 2022

0.16

0.2%

William Helm, CFA, Portfolio Manager, joined the Adviser in September 2021. Previously, Mr. Helm spent 14 years at Vanguard where he most recently served as an Equity Portfolio Manager and Trader. Previously, he held roles in Portfolio Review, Corporate Strategy and Corporate Finance. Mr. Helm received his BBA in Economics from Belmont University in 2007 and his MBA from Columbia Business School in 2020.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 24.18 7.63 0.16