Global X Hydrogen ETF
Name
As of 10/21/2024Price
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
Vitals
YTD Return
-35.2%
1 yr return
-28.5%
3 Yr Avg Return
-42.5%
5 Yr Avg Return
N/A
Net Assets
$37.5 M
Holdings in Top 10
72.8%
52 WEEK LOW AND HIGH
$22.7
$4.95
$30.28
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 10/21/2024Price
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
HYDR - Profile
Distributions
- YTD Total Return -35.2%
- 3 Yr Annualized Total Return -42.5%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 0.0%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameGlobal X Hydrogen ETF
-
Fund Family NameGlobal X Funds
-
Inception DateJul 12, 2021
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerNam To
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 Hydrogen Index (the "Underlying Index") and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the Underlying Index. Solely for purposes of complying with this policy, the Fund only views securities issued by Hydrogen Companies and Pre-Revenue Hydrogen Companies (both as defined below) as satisfying this criterion. 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 are positioned to benefit from further advances in the field of hydrogen technology. Hydrogen technology includes products and services focused on the development and implementation of hydrogen gas as a renewable fuel source. Hydrogen technology may play an important role in the transition toward renewable energy from fossil fuels. Specifically, the Underlying Index will include securities issued by “Hydrogen Companies” as defined by Solactive AG, the provider of the Underlying Index (the "Index Provider"). “Hydrogen Companies” are those companies that derive at least 50% of their revenues, operating income, or assets from the following business activities:
1.Hydrogen Production: Companies involved in the production, transportation, storage, and distribution of hydrogen (including renewable hydrogen) that can be used as an energy source.
2.Hydrogen Fuel Cells: Companies that develop and/or manufacture fuel cells (and the components thereof) that convert chemical energy into electricity and heat, powered by hydrogen fuel and/or reformed hydrogen-rich gas.
3.Hydrogen Technology: Companies involved in the production of hydrogen electrolyzers (which produce hydrogen gas from water), tanks and pipelines, commercial and residential infrastructure, generators, engines, and vehicles powered by hydrogen fuel cells, as well as hydrogen fueling stations.
4.Hydrogen Integration: Companies that provide engineering and consulting services for the adoption and utilization of hydrogen-based fuel and/or energy sources at the residential, commercial, and industrial levels.
In addition, companies identified by the Index Provider as deriving greater than 0% but less than 50% of revenue from the business activities described above ("Diversified Hydrogen Companies"), as well as companies identified by the Index Provider as having primary business operations in the business activities described above but that do not currently generate revenues (“Pre-Revenue Hydrogen Companies”), are eligible for inclusion in the Underlying Index if there are fewer than 25 eligible Hydrogen Companies. Diversified Hydrogen Companies and Pre-Revenue Hydrogen Companies are collectively subject to an aggregate weight cap of 10% at each semi-annual rebalance.
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 fields of hydrogen and fuel cells based on filings, disclosures and other public information (e.g. regulatory filings, earnings transcripts, etc.). 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 business activities described above, greater than 0% of their revenues from the business activities described above in the case of Diversified Hydrogen Companies, or that they have primary business operations in the business activities described above but do not currently generate revenues in the case of Pre-Revenue Hydrogen Companies.
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 $50 million and a minimum average daily turnover for the last 3 months greater than or equal to $0.5 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 Fund may invest in China A-Shares, which are issued by companies incorporated in mainland China and traded on Chinese exchanges. The Fund may invest in securities of issuers located in emerging markets
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 12%, the aggregate weight of companies with a weight greater than or equal to 4.5% is capped at 45%, and all remaining companies are capped at a weight of 4.5%, and all constituents are subject to a minimum weight of 0.3%. In addition, Diversified Hydrogen Companies and Pre-Revenue Hydrogen Companies are subject to an individual weight cap of 2% and an aggregate weight cap of 10% at each semi-annual rebalance. Generally speaking, modified capitalization weighting 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 industrials companies. As of January 31, 2024, the Underlying Index had 25 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 electrical equipment industry and had significant exposure to the industrials sector. The Fund is classified as "non-diversified," which means it may invest a larger percentage of its assets in a smaller number of issuers than a diversified fund.
HYDR - Performance
Return Ranking - Trailing
| Period | HYDR Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -35.2% | -24.9% | 17.8% | 98.31% |
| 1 Yr | -28.5% | -68.1% | 26.2% | N/A |
| 3 Yr | -42.5%* | -43.1% | 28.8% | N/A |
| 5 Yr | N/A* | -32.3% | 26.2% | N/A |
| 10 Yr | N/A* | -2.8% | 17.7% | N/A |
* Annualized
Return Ranking - Calendar
| Period | HYDR Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -36.5% | -72.7% | 24.1% | N/A |
| 2022 | -47.2% | -22.1% | 50.4% | N/A |
| 2021 | N/A | -31.4% | 49.5% | N/A |
| 2020 | N/A | -23.4% | 13.6% | N/A |
| 2019 | N/A | -13.7% | 34.6% | N/A |
Total Return Ranking - Trailing
| Period | HYDR Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -35.2% | -73.0% | 17.8% | 89.83% |
| 1 Yr | -28.5% | -68.1% | 26.2% | N/A |
| 3 Yr | -42.5%* | -43.1% | 28.8% | N/A |
| 5 Yr | N/A* | -32.3% | 26.2% | N/A |
| 10 Yr | N/A* | -1.5% | 17.7% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | HYDR Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -36.5% | -72.7% | 24.1% | N/A |
| 2022 | -47.2% | -22.1% | 50.4% | N/A |
| 2021 | N/A | -31.4% | 49.5% | N/A |
| 2020 | N/A | -23.4% | 13.6% | N/A |
| 2019 | N/A | -12.2% | 34.6% | N/A |
HYDR - Holdings
Concentration Analysis
| HYDR | Category Low | Category High | HYDR % Rank | |
|---|---|---|---|---|
| Net Assets | 37.5 M | 610 K | 31.2 B | 59.32% |
| Number of Holdings | 28 | 1 | 389 | 89.71% |
| Net Assets in Top 10 | 36.9 M | -21.4 M | 5.86 B | 52.94% |
| Weighting of Top 10 | 72.83% | 8.9% | 100.0% | 7.81% |
Top 10 Holdings
- BLOOM ENERGY CORP- A COMMON STOCK 15.13%
- NEL ASA COMMON STOCK 11.68%
- PLUG POWER INC COMMON STOCK 9.18%
- BALLARD POWER SYSTEMS INC COMMON STOCK 7.35%
- AFC ENERGY PLC COMMON STOCK 5.21%
- DOOSAN FUEL CELL CO LTD COMMON STOCK 5.10%
- SFC ENERGY AG-BR COMMON STOCK 5.09%
- ITM POWER PLC COMMON STOCK 4.98%
- CERES POWER HOLDINGS PLC COMMON STOCK 4.67%
- ILJIN HYSOLUS CO LTD COMMON STOCK 4.44%
Asset Allocation
| Weighting | Return Low | Return High | HYDR % Rank | |
|---|---|---|---|---|
| Stocks | 99.93% | 0.00% | 100.33% | 32.35% |
| Cash | 0.07% | -0.34% | 101.46% | 67.65% |
| Other | 0.00% | -8.90% | 91.95% | 38.24% |
| Preferred Stocks | 0.00% | 0.00% | 29.02% | 27.94% |
| Convertible Bonds | 0.00% | 0.00% | 3.05% | 32.35% |
| Bonds | 0.00% | 0.00% | 88.23% | 33.82% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | HYDR % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 85.14% | 49.15% |
| Technology | 0.00% | 0.00% | 77.79% | 86.44% |
| Real Estate | 0.00% | 0.00% | 54.95% | 55.93% |
| Industrials | 0.00% | 0.00% | 90.47% | 3.39% |
| Healthcare | 0.00% | 0.00% | 100.00% | 49.15% |
| Financial Services | 0.00% | 0.00% | 95.51% | 40.68% |
| Energy | 0.00% | 0.00% | 32.10% | 44.07% |
| Communication Services | 0.00% | 0.00% | 16.38% | 38.98% |
| Consumer Defense | 0.00% | 0.00% | 53.62% | 50.85% |
| Consumer Cyclical | 0.00% | 0.00% | 41.11% | 37.29% |
| Basic Materials | 0.00% | 0.00% | 36.59% | 37.29% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | HYDR % Rank | |
|---|---|---|---|---|
| Non US | 56.99% | 0.00% | 98.35% | 22.06% |
| US | 42.94% | 0.00% | 85.31% | 60.29% |
HYDR - Expenses
Operational Fees
| HYDR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.50% | 0.22% | 4.26% | 80.00% |
| Management Fee | 0.50% | 0.25% | 1.90% | 19.72% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.03% | 0.19% | N/A |
Sales Fees
| HYDR 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
| HYDR 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.
| HYDR Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 140.00% | N/A |
HYDR - Distributions
Dividend Yield Analysis
| HYDR | Category Low | Category High | HYDR % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 5.18% | 57.33% |
Dividend Distribution Analysis
| HYDR | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| HYDR | Category Low | Category High | HYDR % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -2.66% | 5.19% | 71.43% |
Capital Gain Distribution Analysis
| HYDR | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
HYDR - Fund Manager Analysis
Managers
Nam To
Start Date
Tenure
Tenure Rank
Jul 12, 2021
0.88
0.9%
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.
Kimberly Chan
Start Date
Tenure
Tenure Rank
Jul 12, 2021
0.88
0.9%
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.
Wayne Xie
Start Date
Tenure
Tenure Rank
Jul 12, 2021
0.88
0.9%
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.
Vanessa Yang
Start Date
Tenure
Tenure Rank
Jul 12, 2021
0.88
0.9%
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 |
|---|---|---|---|
| 0.75 | 23.1 | 6.84 | 3.29 |