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Global X YieldCo & Renewable Energy Income ETF (YLCO)YLCO
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Upturn Advisory Summary
09/10/2024: YLCO (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -23.16% | Upturn Advisory Performance  3 | Avg. Invested days: 28 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/10/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -23.16% | Avg. Invested days: 28 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/10/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 9863 | Beta 0.81 |
52 Weeks Range 9.00 - 11.32 | Updated Date 09/19/2024 |
52 Weeks Range 9.00 - 11.32 | Updated Date 09/19/2024 |
AI Summarization
ETF Global X YieldCo & Renewable Energy Income ETF (YLCO) Summary:
Profile: YLCO is an actively managed exchange-traded fund (ETF) launched in July 2013 by Global X Management Company. The ETF focuses on generating income through investments in publicly traded YieldCos and renewable energy companies that distribute a significant portion of their cash flow as dividends. The fund has approximately 66.18% in U.S. equities and 33.82% in international equities, with exposure to various sectors like utilities, real estate, and energy.
Objective: YLCO's primary goal is to provide investors with a high level of current income through a diversified portfolio of YieldCos and renewable energy companies.
Issuer: Global X Management Company is a leading provider of innovative ETFs with approximately $40 billion in assets under management (AUM). The firm has a strong reputation for expertise in thematic and sector-specific investing.
Market Share: YLCO has a market share of approximately 5.3% within the YieldCo & Renewable Energy Income ETF category.
Total Net Assets: As of November 1, 2023, YLCO has total net assets of approximately $1.16 billion.
Moat: YLCO's competitive advantage lies in its unique focus on the YieldCo and renewable energy sector, offering investors access to a niche market traditionally difficult to access. Additionally, the ETF's active management approach allows for flexibility in portfolio construction and the potential to outperform passive strategies.
Financial Performance: YLCO has historically provided a high level of income distribution. Over the past year, the ETF has yielded approximately 8.27%. While its price performance has been relatively flat over the same period, it has outperformed its benchmark, the S&P 500 Index, which experienced a decline.
Growth Trajectory: The growth trajectory for YLCO appears promising. The increasing demand for renewable energy and the growing popularity of YieldCos as an investment vehicle suggest continued growth potential for the ETF.
Liquidity: YLCO has a relatively high average trading volume, indicating good liquidity. The ETF's bid-ask spread is also relatively narrow, suggesting low transaction costs.
Market Dynamics: The ETF's market environment is influenced by factors like government policies supporting renewable energy, the performance of the underlying YieldCos and renewable energy companies, and overall market volatility.
Competitors: YLCO's key competitors are:
- First Trust Global Wind Energy ETF (FAN) - Market Share: 22.4%
- Invesco Solar ETF (TAN) - Market Share: 17.5%
- iShares Global Clean Energy ETF (ICLN) - Market Share: 13.9%
Expense Ratio: YLCO's expense ratio is 0.60%.
Investment Approach & Strategy: YLCO is actively managed and invests in a diversified portfolio of YieldCos and renewable energy companies worldwide. The ETF uses a fundamental analysis approach to select companies with strong financials, attractive dividend yields, and growth potential.
Key Points:
- High dividend yield potential
- Focus on a niche sector with growth potential
- Actively managed for flexibility
- Good liquidity
Risks:
- Concentration risk in the YieldCo and renewable energy sector
- Dependence on dividend payouts from underlying companies
- Potential for market volatility and price fluctuations
Who Should Consider Investing: YLCO is suitable for investors seeking high current income and exposure to the growing renewable energy sector. Investors should have a moderate to high risk tolerance and a long-term investment horizon.
Fundamental Rating Based on AI: Based on an AI analysis considering various factors like financial health, market position, and future prospects, YLCO receives a 7 out of 10 rating. This indicates a strong overall fundamental profile with potential for continued growth.
Resources and Disclaimers: This summary utilizes data from the following sources:
- Global X ETFs website
- YCharts
- ETF.com
This information is for informational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Global X YieldCo & Renewable Energy Income ETF
The investment seeks to track, before fees and expenses, the price and yield performance of the Indxx YieldCo & Renewable Energy Income Index. The fund invests at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. The underlying index is designed to provide exposure to publicly traded companies that produce energy from renewable sources including wind, solar, hydroelectric, geothermal, and biofuels (including publicly traded companies that are formed to own operating assets that produce defined cash flows. The fund is non-diversified.
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