Global X YieldCo & Renewable Energy Income ETF
YLCO
NASDAQ Global Select- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- IPO Date
- May 26, 2015
- CIK
- 0001432353
- Similar Companies
- Business
- Global X YieldCo & Renewable Energy Income ETF (YLCO) is an exchange-traded fund that seeks to track the Indxx YieldCo & Renewable Energy Income Index, providing investors with exposure to YieldCos and dividend-paying renewable energy companies focused on producing stable income from operating assets in the renewable energy sector. The fund invests in a portfolio of equity securities, including YieldCos structured to own operational renewable energy projects such as solar facilities, wind farms, hydroelectric, and other generation assets; renewable energy companies engaged in production, components, systems, operations, and technology; and utilities, MLPs, and miscellaneous entities involved in renewable energy cash flows, with top holdings including Meridian Energy Ltd, Brookfield Renew, EDP, Algonquin Power, and Enel Americas SA. YLCO offers high income potential through quarterly distributions, targeting yield vehicles that pass through cash flows via dividends and distributions, while maintaining a total expense ratio of 0.65% and assets under management of approximately $87.46 million as of late 2020 data. Launched on May 27, 2015, and listed on NASDAQ, the ETF originally operated as the Global X YieldCo ETF before undergoing a name change, investment objective update, and strategy shift effective November 19, 2018, to expand its scope to include renewable energy income companies alongside YieldCos, reflecting the evolving structure of the underlying Indxx Global YieldCo Index transitioning to the Hybrid YieldCo Index. The fund maintains a non-diversified portfolio of up to 35 holdings, rebalanced semi-annually with staggered market-cap weighting capped at 20 firms, emphasizing North American dominance (United States at 14.26%, Canada at 16.81%) alongside exposure to New Zealand (16.32%), Chile (10.44%), Bermuda, Portugal, Britain, China, Italy, Brazil, Australia, Russia, Germany, and Thailand. YLCO operates under Global X Management Company LLC, part of Global X ETFs founded in 2008 and headquartered at 605 Third Avenue, 43rd Floor, New York, NY 10158, with additional offices in Newark, New Jersey; Miami, Florida; and London, England, serving a global investor base seeking income from renewable energy infrastructure without direct ownership of physical assets. The ETF targets income-oriented portfolios, offering a 12-month trailing dividend yield of 3.21% and 30-day SEC yield of 2.22% (as of 12/31/2020), with geographic diversification mitigating risks from energy price volatility, interest rates, and regulatory changes in the sector. No major recent acquisitions, funding rounds, or new product launches specific to YLCO have been reported in the past 1-2 years, with ongoing focus on index tracking amid Global X's broader product updates across its 90+ ETF lineup.