Global X Yieldco Index Etf ETF Company Profile

Description

The investment seeks to track, before fees and expenses, the price and yield performance of the Indxx Global YieldCo Index. The underlying index comprises publicly traded companies that are formed to own operating assets that produce defined cash flows ("YieldCos"), as well as companies that have publicly announced plans to spin-off a YieldCo in an initial public offering, as determined by the index provider. The fund invests at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The fund is non-diversified.