AQWA


Clean Water ETF

Morningstar Rating™ - Overall rating out of 113 Natural Resources funds, based on risk-adjusted returns as of 02/28/2025

Reasons to Consider AQWA

High Growth Potential

Achieving global access to clean drinking water could require $500 billion in annual investments through 2030, and even more investments are needed to ensure long-term water supplies for all.1

Global Tailwinds

As the global population grows and climate impacts rise, investment in clean water technologies may be essential to sustaining and improving standards of living.

Unconstrained Approach

Clean water is a dynamic theme, supporting a long-term challenge of providing safe and accessible water sources. AQWA invests accordingly, with global exposure across multiple sectors and industries.

1Global Commission of the Economics of Water, Oct 2024

Key Information As of 03/14/25

Inception Date 04/08/21
Total Expense Ratio 0.50%
Net Assets $10.76 million
NAV $17.08
Fact Sheet View the document

ETF Summary

The Global X Clean Water ETF (AQWA) seeks to invest in companies advancing the provision of clean water through industrial water treatment, storage and distribution infrastructure, as well as purification and efficiency strategies, among other activities.

ETF Objective

The Global X Clean Water ETF (AQWA) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Clean Water Industry Index.

Trading Details As of 03/13/25

Ticker AQWA
Bloomberg Index Ticker SOLAQWA
CUSIP 37954Y186
ISIN US37954Y1863
Primary Exchange Nasdaq
Shares Outstanding 630,000
Number of Holdings 40
30-Day Median Bid-Ask Spread 0.41%

Distributions As of 03/14/25

30-Day SEC Yield 1.26%
Distribution Frequency Semi-Annually

ETF Prices As of 03/14/25

NAV $17.08 Daily Change $0.27 1.61%
Market Price $17.07 Daily Change $0.32 1.91%

Performance History

As of recent
(12/31/24)
As of recent
(12/31/24)
Fund NAV Market Price Index
1 Year 4.69% 4.32% 5.22%
3 Years 0.29% 0.17% 0.66%
Since Inception 4.71% 4.66% 5.10%
1 Year 4.23% 4.42% 4.77%
3 Years 6.46% 6.35% 6.89%
Since Inception 5.25% 5.20% 5.65%
Year-to-Date 4.69% 4.32% 5.22%
1 Month -7.69% -7.40% -7.64%
3 Months -8.39% -8.25% -8.28%
Since Inception 18.74% 18.52% 20.39%
Year-to-Date 2.79% 2.79% 2.88%
1 Month 0.06% 0.35% 0.13%
3 Months -5.12% -4.82% -4.98%
Since Inception 22.05% 21.83% 23.86%

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). 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. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of 03/14/25

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
9.41 AWK AMERICAN WATER W B2R3PV1 144.32 6,456 931,729.92
7.77 XYL XYLEM INC B3P2CN8 122.76 6,270 769,705.20
7.29 PNR PENTAIR PLC BLS09M3 86.08 8,386 721,866.88
7.11 FERG FERGUSON ENTERPRISES INC BS6VHW3 159.90 4,403 704,039.70
5.14 WTRG ESSENTIAL UTILITIES INC BLCF3J9 39.50 12,897 509,431.50
5.12 CNM CORE & MAIN INC-CLASS A BNXKS92 47.68 10,640 507,315.20
4.68 UU/ LN UNITED UTILITIES B39J2M4 12.81 36,169 463,499.11
4.67 SVT LN SEVERN TRENT PLC B1FH8J7 31.80 14,535 462,185.44
4.57 AOS SMITH (A.O.) CORP 2816023 66.85 6,772 452,708.20
4.48 SBSP3 BZ SABESP B1YCHL8 17.33 25,594 443,512.91
3.93 WMS ADVANCED DRAINAG BP7RS59 108.88 3,576 389,354.88
3.50 PRMB PRIMO BRANDS CORP BNDXX18 31.94 10,845 346,389.30
3.41 BMI BADGER METER INC 2069128 198.10 1,707 338,156.70
3.35 WTS WATTS WATER TE-A 2943620 211.00 1,574 332,114.00
2.78 ZWS Zurn Elkay Water Solution BMV1ZD3 33.17 8,301 275,344.17
2.46 MWA MUELLER WATER-A B15RZR4 27.25 8,926 243,233.50
2.31 FELE FRANKLIN ELECTRIC CO INC 2350383 100.08 2,283 228,482.64
1.92 6370 JP KURITA WATER IND 6497963 32.78 5,794 189,914.77
1.80 021240 KS COWAY CO LTD 6173401 57.44 3,096 177,833.12
1.75 AWR AMERICAN STATES WATER CO 2267171 79.22 2,182 172,858.04
1.65 CWT CALIF WATER SRVC 2165383 47.50 3,438 163,305.00
1.31 270 HK GUANGDONG INVESTMENT LTD 6913168 0.79 165,100 130,003.35
0.97 SJW SJW GROUP 2811932 54.09 1,772 95,847.48
0.97 600008 C1 BEIJING CAPITA-A BP3R7K1 0.43 223,800 95,816.70
0.96 KIT SP KEPPEL INFRASTRU B1P31B8 0.32 294,118 94,763.03
0.77 CASH 1.00 76,477 76,476.99
0.72 6368 JP ORGANO CORP 6470522 47.60 1,487 70,788.07
0.71 371 HK BJ ENT WATER B01YCG0 0.31 228,240 70,185.22
0.70 300070 C2 BEIJING ORIGIN-A BD5CNZ7 0.67 103,800 69,241.10
0.65 000598 C2 CHENGDU XINGRO-A BD5CJV5 0.91 71,200 64,604.80
0.62 MSEX MIDDLESEX WATER CO 2589466 62.21 987 61,401.27
0.54 ERII ENERGY RECOVERY INC B3B5J07 16.38 3,242 53,103.96
0.46 CSMG3 BZ COPASA MG - ORD B0YBZJ2 4.19 10,985 46,007.66
0.41 CHINESE YUAN RENMINBI 0.14 294,893 40,727.18
0.35 AWPT AB ALKHORAYEF WATER BN33QN1 42.02 826 34,709.40
0.35 855 HK CHINA WATER AFFAIRS GROUP 6671477 0.75 46,000 34,445.85
0.33 CWCO CONS WATER CO-OR 2099095 29.18 1,112 32,448.16
0.32 YORW YORK WATER CO 2425292 34.66 918 31,817.88
0.31 601158 C1 CHONGQING WATER GROUP-A BP3R4X3 0.67 46,500 31,082.63
0.27 6254 JP NOMURA MICRO SCI B248ZF3 17.10 1,576 26,953.78
0.25 MIAHONA AB MIAHONA BS9CZJ6 5.86 4,165 24,409.20
0.24 NWPX NORTHWEST PIPE CO 2035925 41.81 570 23,831.70
-0.22 SAUDI RIYAL 0.27 -81,821 -21,816.05
-1.05 OTHER PAYABLE & RECEIVABLES 1.00 -103,556 -103,555.82
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 02/28/25

Sector Weight (%)
Industrials 49.9
Utilities 33.8
Materials 11.5
Information Technology 3.3
Consumer Discretionary 1.5

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Capital Goods 49.2
Utilities 33.8
Materials 11.5
Technology Hardware & Equipment 3.3
Consumer Durables & Apparel 1.5
Commercial & Professional Services 0.8

Source: new windowAltaVista Research, LLC

Country Weight (%)
United States 67.3
Britain 16.4
Brazil 4.9
Japan 2.8
China 2.7
Hong Kong 1.8
South Korea 1.5
Australia 1.1
Singapore 0.8
Saudi Arabia 0.4
Cayman Islands 0.3

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 03/14/25

Return on Equity 13.60%
Weighted Avg. Market Cap 16,059 M
2024 2025
Price-to-earnings 20.08 18.49
Price-to-book value 2.63 2.42

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 02/28/25

Versus Beta
S&P 500 1.00
NASDAQ-100 0.69
MSCI EAFE 0.97
MSCI Emg. Mkts 0.73
Standard Deviation 19.10%

Source: new windowAltaVista Research, LLC

ETF Research

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales load. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three- year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

As of 2/28, AQWA was rated against the following numbers of Natural Resources funds over the following time periods: 113 during the last 3 years. With respect to these Natural Resources funds, AQWA received a Morningstar Rating of 5 stars. Past performance is not indicative of future results.

© 2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Investing involves risk, including the possible loss of principal. The investable universe of companies in which AQWA may invest may be limited. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Clean Water Companies typically face intense competition, short product lifecycles and potentially rapid product obsolescence. Clean Water Companies are subject to significant regulation regarding the usage, treatment, and distribution of water. Clean Water Companies may also be adversely affected by the impact of global climate change on the available supply of clean water reserves. AQWA is non-diversified.

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. The market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. 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.

Since the Fund’s shares did 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.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Solactive AG, nor does Solactive AG make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with Solactive AG.