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ZAP

U.S. Electrification ETF

 

Reasons to Consider ZAP

Structural Tailwinds

U.S. electricity demand is projected to increase 47% between 2024 and 2040 due to the expansion of AI data centers and manufacturing, as well as the adoption of EVs.1,2,3

Compelling Opportunity Set

Companies that can potentially benefit from U.S. electrification tailwinds include alternative and conventional electricity providers, and those involved in the growth and modernization of the U.S. power grid.

Pressing Need

U.S. utilities will likely need to significantly expand power generation and grid infrastructure to keep up with the rising electricity demand and address other challenges, such as aging assets.

1NextEra, Oct 2024
2EIA, Dec 2024
3ICF, Sep 2024

Key Information As of 02/21/25

Inception Date 12/17/24
Total Expense Ratio 0.50%
Net Assets $63.80 million
NAV $25.22
Fact Sheet View the document

ETF Summary

The Global X U.S. Electrification ETF (ZAP) seeks to invest in companies that potentially stand to benefit from the increased electricity demand and electrification within the United States. This includes companies that are involved in conventional electricity generation, transmission, and distribution; alternative electricity generation and technology solutions; and the modernization, development, manufacturing, or implementation of grid infrastructure and smart grid technology.

ETF Objective

The Global X U.S. Electrification ETF (ZAP) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Global X U.S. Electrification Index.

Trading Details As of 02/20/25

Ticker ZAP
Bloomberg Index Ticker GXZAPUN
CUSIP 37960A370
ISIN US37960A3703
Primary Exchange Nasdaq
Shares Outstanding 2,530,000
Number of Holdings 46
30-Day Median Bid-Ask Spread 0.21%

Distributions As of 02/21/25

30-Day SEC Yield 2.48%
Distribution Frequency Quarterly

ETF Prices As of 02/21/25

NAV $25.22 Daily Change -$0.24 -0.94%
Market Price $25.24 Daily Change -$0.23 -0.90%

Performance History

As of recent
(12/31/24)
Fund NAV Market Price Index
Year-to-Date -- -- --
1 Month -- -- --
3 Months -- -- --
Since Inception -1.34% -1.34% -1.33%
Year-to-Date 2.92% 3.04% 2.97%
1 Month 2.92% 3.04% 2.97%
3 Months -- -- --
Since Inception 1.55% 1.67% 1.61%

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 02/21/25

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
5.09 ETR ENTERGY CORP 2317087 85.09 38,170 3,247,885.30
4.65 VST Vistra Corp. BZ8VJQ8 150.44 19,701 2,963,818.44
4.49 AEE AMEREN CORPORATION 2050832 98.54 29,066 2,864,163.64
4.45 AME AMETEK INC 2089212 186.19 15,235 2,836,604.65
4.42 XEL XCEL ENERGY INC 2614807 69.94 40,290 2,817,882.60
4.27 CEG CONSTELLATION ENERGY BMH4FS1 284.44 9,582 2,725,504.08
4.25 EXC EXELON CORP 2670519 42.99 62,995 2,708,155.05
4.23 AEP AMERICAN ELECTRIC POWER 2026242 105.33 25,624 2,698,975.92
3.92 FE FIRSTENERGY CORP 2100920 42.29 59,109 2,499,719.61
3.88 D DOMINION ENERGY INC 2542049 57.43 43,079 2,474,026.97
3.88 ES EVERSOURCE ENERGY BVVN4Q8 63.37 39,031 2,473,394.47
3.87 DUK DUKE ENERGY CORP B7VD3F2 115.55 21,368 2,469,072.40
3.84 SO SOUTHERN CO/THE 2829601 88.40 27,675 2,446,470.00
3.79 PEG PUB SERV ENTERP 2707677 83.96 28,791 2,417,292.36
3.65 NGG NATIONAL GRID PLC-SP ADR BZ8FYV0 61.31 37,943 2,326,285.33
3.47 PWR QUANTA SERVICES INC 2150204 269.36 8,211 2,211,714.96
3.45 ETN EATON CORP PLC B8KQN82 297.37 7,411 2,203,809.07
3.43 NEE NEXTERA ENERGY INC 2328915 71.58 30,592 2,189,775.36
3.34 HUBB HUBBELL INC BDFG6S3 377.48 5,648 2,132,007.04
2.96 LNT ALLIANT ENERGY CORP 2973821 62.81 30,066 1,888,445.46
2.86 EVRG EVERGY INC BFMXGR0 68.06 26,812 1,824,824.72
2.47 EIX EDISON INTERNATIONAL 2829515 52.17 30,197 1,575,377.49
1.95 PNW PINNACLE WEST CAPITAL 2048804 91.58 13,604 1,245,854.32
1.78 TLN TALEN ENERGY CORP BRRF114 218.80 5,191 1,135,790.80
1.68 OGE OGE ENERGY CORP 2657802 45.20 23,657 1,069,296.40
1.47 MTZ MASTEC INC 2155306 126.51 7,395 935,541.45
1.13 IDA IDACORP INC 2296937 114.20 6,290 718,318.00
0.94 BE BLOOM ENERGY CORP- A BDD1BB8 24.17 24,922 602,364.74
0.90 TXNM TXNM ENERGY INC 2707826 53.22 10,754 572,327.88
0.78 ENS ENERSYS B020GQ5 102.10 4,850 495,185.00
0.77 ORA ORMAT TECHNOLOGIES INC B03L311 68.82 7,132 490,824.24
0.73 ALE ALLETE INC B02R1L6 65.51 7,084 464,072.84
0.62 NWE NORTHWESTERN ENERGY GROUP B03PGL4 53.92 7,299 393,562.08
0.56 AVA AVISTA CORP 2942605 37.94 9,361 355,156.34
0.43 CWEN CLEARWAY ENERGY INC-C BGJRH57 27.43 9,995 274,162.85
0.32 HE HAWAIIAN ELECTRIC INDS 2415204 10.76 19,228 206,893.28
0.22 OTHER PAYABLE & RECEIVABLES 1.00 141,715 141,714.66
0.21 SMR NUSCALE POWER CORP BNXK803 19.04 7,084 134,879.36
0.18 AMSC AMER SUPERCONDTR BWH64F7 25.70 4,554 117,037.80
0.18 EOSE EOS ENERGY ENTER BN7KCQ3 4.48 24,922 111,650.56
0.13 AMRC AMERESCO INC-CL A B3SWPT2 18.69 4,301 80,385.69
0.10 FLNC FLUENCE ENERGY INC BMXC0N9 6.94 9,361 64,965.34
0.07 AMPS ALTUS POWER INC BPNXP05 4.90 9,361 45,868.90
0.06 CASH 1.00 39,731 39,731.43
0.06 CHPT CHARGEPOINT HOLDINGS INC BMC9RZ2 0.76 47,186 35,866.08
0.05 EVGO EVGO INC BP2Q7L0 2.91 10,626 30,921.66
0.05 NOVA SUNNOVA ENERGY I BJ9N563 1.95 15,180 29,601.00
0.02 BLNK BLINK CHARGING CO BYWLZL4 1.03 10,879 11,150.98
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 01/31/25

Sector Weight (%)
Utilities 79.4
Industrials 20.5
Other 0.1

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Utilities 78.6
Capital Goods 21.3
Other 0.1

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 02/20/25

Return on Equity 11.90%
Weighted Avg. Market Cap 46,585 M
2024 2025
Price-to-earnings 21.56 19.70
Price-to-book value 2.41 2.29

Source: new windowAltaVista Research, LLC

ETF Research

Introducing ZAP: The Case for U.S. Electrification

Read the Full ArticleRead More

ETF Documents

Investing involves risk, including the possible loss of principal. Narrowly focused investments will be more susceptible to factors affecting that sector and subject to more volatility. ZAP 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.

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 Global X U.S. Electrification Index is owned and was developed by Global X Management Company LLC for use by 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.