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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 05/05/25

Inception Date 12/17/24
Total Expense Ratio 0.50%
Net Assets $58.73 million
NAV $25.10
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 05/05/25

Ticker ZAP
Bloomberg Index Ticker GXZAPUN
CUSIP 37960A370
ISIN US37960A3703
Primary Exchange Nasdaq
Shares Outstanding 2,340,000
Number of Holdings 46
30-Day Median Bid-Ask Spread 0.25%

Distributions As of 05/05/25

30-Day SEC Yield 2.52%
Distribution Frequency Quarterly

ETF Prices As of 05/05/25

NAV $25.10 Daily Change -$0.05 -0.20%
Market Price $25.32 Daily Change $0.19 0.76%

Performance History

As of recent
(03/31/25)
Fund NAV Market Price Index
Year-to-Date 1.15% 1.32% 1.28%
1 Month -1.76% -1.60% -1.71%
3 Months 1.15% 1.32% 1.28%
Since Inception -0.20% -0.04% -0.07%
Year-to-Date 2.67% 2.75% 2.86%
1 Month 1.50% 1.42% 1.57%
3 Months -0.25% -0.29% -0.11%
Since Inception 1.30% 1.38% 1.50%

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 05/05/25

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
4.68 VST Vistra Corp. BZ8VJQ8 140.00 19,646 2,750,440.00
4.66 PWR QUANTA SERVICES INC 2150204 322.62 8,486 2,737,753.32
4.64 CEG CONSTELLATION ENERGY BMH4FS1 248.27 10,971 2,723,770.17
4.30 ETN EATON CORP PLC B8KQN82 298.58 8,451 2,523,299.58
4.17 AME AMETEK INC 2089212 170.27 14,369 2,446,609.63
3.95 D DOMINION ENERGY INC 2542049 54.42 42,647 2,320,849.74
3.91 ETR ENTERGY CORP 2317087 84.39 27,231 2,298,024.09
3.90 XEL XCEL ENERGY INC 2614807 70.89 32,334 2,292,157.26
3.90 AEE AMEREN CORPORATION 2050832 99.55 22,986 2,288,256.30
3.85 AEP AMERICAN ELECTRIC POWER 2026242 107.44 21,052 2,261,826.88
3.85 NEE NEXTERA ENERGY INC 2328915 66.10 34,196 2,260,355.60
3.85 NGG NATIONAL GRID PLC-SP ADR BZ8FYV0 71.84 31,446 2,259,080.64
3.83 SO SOUTHERN CO/THE 2829601 91.05 24,698 2,248,752.90
3.83 DUK DUKE ENERGY CORP B7VD3F2 120.75 18,617 2,248,002.75
3.77 ED CONSOLIDATED EDISON INC 2216850 109.52 20,228 2,215,370.56
3.75 EXC EXELON CORP 2670519 46.00 47,903 2,203,538.00
3.75 FE FIRSTENERGY CORP 2100920 43.09 51,137 2,203,493.33
3.62 PEG PUB SERV ENTERP 2707677 78.35 27,157 2,127,750.95
3.32 ES EVERSOURCE ENERGY BVVN4Q8 59.29 32,914 1,951,471.06
3.22 EIX EDISON INTERNATIONAL 2829515 54.93 34,454 1,892,558.22
3.07 HUBB HUBBELL INC BDFG6S3 353.51 5,102 1,803,608.02
2.43 LNT ALLIANT ENERGY CORP 2973821 60.99 23,390 1,426,556.10
2.39 EVRG EVERGY INC BFMXGR0 69.46 20,222 1,404,620.12
1.70 PNW PINNACLE WEST CAPITAL 2048804 93.91 10,600 995,446.00
1.50 TLN TALEN ENERGY CORP BRRF114 222.28 3,964 881,117.92
1.38 OGE OGE ENERGY CORP 2657802 45.14 17,939 809,766.46
1.36 MTZ MASTEC INC 2155306 143.57 5,558 797,962.06
0.96 IDA IDACORP INC 2296937 116.50 4,842 564,093.00
0.73 TXNM TXNM ENERGY INC 2707826 52.56 8,103 425,893.68
0.70 POR PORTLAND GENERAL B125XQ6 42.38 9,755 413,416.90
0.66 ORA ORMAT TECHNOLOGIES INC B03L311 71.17 5,408 384,887.36
0.59 ALE ALLETE INC B02R1L6 65.49 5,262 344,608.38
0.58 BE BLOOM ENERGY CORP- A BDD1BB8 16.32 20,681 337,513.92
0.55 ENS ENERSYS B020GQ5 90.71 3,530 320,206.30
0.53 NWE NORTHWESTERN ENERGY GROUP B03PGL4 58.29 5,320 310,102.80
0.50 AVA AVISTA CORP 2942605 41.95 7,019 294,447.05
0.35 CWEN CLEARWAY ENERGY INC-C BGJRH57 28.64 7,126 204,088.64
0.32 SMR NUSCALE POWER CORP BNXK803 17.11 11,062 189,270.82
0.26 HE HAWAIIAN ELECTRIC INDS 2415204 10.34 14,497 149,898.98
0.15 EOSE EOS ENERGY ENTER BN7KCQ3 5.06 17,758 89,855.48
0.14 PLUG PLUG POWER INC 2508386 0.79 103,073 81,912.11
0.12 AMSC AMER SUPERCONDTR BWH64F7 20.58 3,320 68,325.60
0.06 EVGO EVGO INC BP2Q7L0 2.77 11,925 33,032.25
0.06 AMRC AMERESCO INC-CL A B3SWPT2 11.63 2,802 32,587.26
0.05 FLNC FLUENCE ENERGY INC BMXC0N9 4.26 7,454 31,754.04
0.05 OTHER PAYABLE & RECEIVABLES 1.00 30,383 30,382.61
0.05 CASH 1.00 27,153 27,152.99
0.04 CHPT CHARGEPOINT HOLDINGS INC BMC9RZ2 0.58 38,730 22,463.40
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 04/30/25

Sector Weight (%)
Utilities 80.4
Industrials 19.5
Other 0.1

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Utilities 79.6
Capital Goods 20.3
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 05/05/25

Return on Equity 12.10%
Weighted Avg. Market Cap 44,554 M
2024 2025
Price-to-earnings 20.59 19.04
Price-to-book value 2.37 2.25

Source: new windowAltaVista Research, LLC

ETF Research

Three Themes Driving America’s Manufacturing Revival

Read the Full ArticleRead More

Four Companies Supporting America’s Electrification

Read the Full ArticleRead More

AI Hinges on Rapid 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.