RNRG Global X Renewable Energy Producers ETF
What is RNRG?
RNRG tracks a market-cap-weighted index of global renewable energy companies including YieldCos.
RNRG Factset Analytics Insight
RNRG offers exposure to companies that produce energy from renewable sources including wind, solar, hydroelectric, geothermal, and biofuels including YieldCos — a holding company for renewable energy projects that have been spun off by a larger energy utility. The portfolio is market-cap-weighted, with a cap of 6% on individual names. While YieldCos are sometimes marketed as MLPs for renewables, note that these firms use a traditional C-corp structure with no inherent tax benefits. Dividends from the fund are taxable. The Fund name and investment strategies changed effective November 19, 2018. The fund originally tracked the Indxx Global YieldCo Index through November 16, 2018 and the Indxx YieldCo & Renewable Energy Income Index thereafter. On Feb. 1, 2021, the fund name, ticker (YLCO) and index changed, dropping its focus on YieldCos while still including them in the fund.
RNRG Summary Data
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RNRG Portfolio Data
RNRG Index Data
RNRG Portfolio Management
RNRG Tax Exposures
RNRG Fund Structure
Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of RNRG. RNRG is rated a 3 out of 5.
RNRG Tradability
RNRG Sector/Industry Breakdown
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RNRG Top 10 Holdings
RNRG Performance Statistics
RNRG Countries
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RNRG Regions
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RNRG Economic Development
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RNRG Benchmark Comparison Summary
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RNRG Benchmark Comparison Market Cap Size
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.