GOEXGlobal X Gold Explorers ETF
GOEX Fund Description
GGOEX tracks a market-cap-weighted index of global stocks in the gold mining industry as an explorer or developer.
GOEX Factset Analytics Insight
GOEX initially provided exposure only to companies tied to the early stage of gold production. In May 2017, the fund transitioned from tracking Solactive Global Gold Explorers Total Return Index to Solactive Global Gold Explorers & Developers Total Return Index. This material change significantly broadened the fund’s exposure and reduced holding concentration by including gold mining companies involved in development as well. Furthermore, the new index uses a market-cap selection scheme rather than the liquidity selection scheme of the old index. The index is adjusted semiannually starting each April with a 4% cap to firms that produce more than 300,000 oz of gold in two out of the last three years. Those that do not fulfill these requirements are capped at 7%. In addition, the total weight of the seven biggest firms are capped at 45% and those that are not part of it are capped at 4.75%.
GOEX MSCI ESG Analytics Insight
Global X Gold Explorers ETF has an MSCI ESG Fund Rating of BBB based on a score of 5.28 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Global X Gold Explorers ETF ranks in the 34th percentile within its peer group and in the 19th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
GOEX MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
GOEX Summary Data
GOEX Portfolio Data
GOEX Index Data
GOEX Portfolio Management
GOEX Tax Exposures
GOEX Fund Structure
GOEX Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of GOEX. GOEX is rated a 3 out of 5.
GOEX Sector/Industry Breakdown
GOEX Economic Development
GOEX Performance Statistics
GOEX MSCI ESG Ratings
GOEX Benchmark Comparison Summary
GOEX Benchmark Comparison Market Cap Size