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Autonomous & Electric Vehicles ETF
The Global X Autonomous & Electric Vehicles ETF (DRIV) seeks to invest in companies involved in the development of autonomous vehicle technology, electric vehicles ("EVs"), and EV components and materials. This includes companies involved in the development of autonomous vehicle software and hardware, as well as companies that produce EVs, EV components such as lithium batteries, and critical EV materials such as lithium and cobalt.
The Global X Autonomous & Electric Vehicles ETF (DRIV) seeks to provide investment results that generally correspond to the price and yield performance, before fees and expenses, of the Solactive Autonomous & Electric Vehicles Index.
High growth potential
While global EV registrations increased by more than 40% in 2020, EVs were still less than 5% of new cars sold, highlighting substantial room for further adoption.1
EVs produce zero direct emissions, meaning broader adoption could result in reduced greenhouse gas emissions and improved urban air quality. Further advances in autonomous driving could also enhance roadway safety.2
This theme is bigger than any single company. DRIV invests accordingly, with global exposure across multiple sectors and industries.
1International Energy Agency, “Global EV Outlook 2021”
2US Office of Energy Efficiency & Renewable Energy, "Reducing Pollution with Electric Vehicles" & National Highway Traffic Safety Administration, "Automated Vehicles for Safety"
Fund details As of 05/14/21
|Bloomberg Index Ticker||SOLDRIV|
|Number of Holdings||76|
Stats & Fees
|Net Asset Value (NAV)||$26.34|
|Total expense ratio||0.68%|
|30-day SEC yield||0.31%|
Fund Prices As of 05/14/21
|Market Price||$26.39||Daily change||$0.55||2.13%|
|30-day median bid-ask spread||0.11%|
|Fund NAV||Market Price||index|
Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance of the fund, when observed, is unusual and investors should not expect such performance to be repeated.
Fund characteristics As of 05/14/21
|Return on equity||11.20%|
|Weighted Avg. Market Cap||279.885 M.|
Source: AltaVista Research, LLC
Fund Risk Stats As of 05/14/21
|MSCI Emg. Mkts||1.21|
Source: AltaVista Research, LLC
Sector breakdown As of 04/30/21
|% of Net Assets|
Source: AltaVista Research, LLC
Country breakdown As of 04/30/21
|% of Net Assets|
|Other / Cash||3.5|
Source: AltaVista Research, LLC
|Net Assets (%)||ticker||Surname||SEDOL||Market Price ($)||Shares hero||Market Value ($)|
|3.93||GoogL||ALPHABET INC-CL A||BYVY8G0||2,278.38||14,849||33,831,664.62|
|2.85||7203 JP||TOYOTA MOTOR CORP||6900643||77.47||316,416||24,512,951.51|
|2.31||CSCO||CISCO SYSTEMS INC||2198163||52.90||376,502||19,916,955.80|
|2.25||GE||GENERAL ELECTRIC CO||2380498||13.26||1,462,889||19,397,908.14|
|2.04||MU||MICRON TECHNOLOGY INC||2588184||79.70||220,060||17,538,782.00|
|1.99||GM||GENERAL MOTORS CO||B665KZ5||56.00||305,426||17,103,856.00|
|1.85||VOW3 GR||Volkswagen AG||5497168||255.84||62,145||15,898,943.47|
|1.64||F.||FORD MOTOR CO||2615468||11.84||1,192,326||14,117,139.84|
|1.64||NXPI||NXP SEMICONDUCTORS NV||B505PN7||192.27||73,397||14,112,041.19|
|1.57||AMD||ADVANCED MICRO DEVICES||2007849||74.59||180,728||13,480,501.52|
|1.52||7267 JP||HONDA MOTOR CO LTD||6435145||30.40||431,612||13,121,698.94|
|1.44||IFX GR||INFINEON TECHNOLOGIES AG||5889505||38.37||322,106||12,358,027.23|
|1.33||BIDU||BAIDU INC - SPON ADR||B0FXT17||186.21||61,437||11,440,183.77|
|1.30||6902 JP||DENSO CORP||6640381||65.19||172,246||11,228,610.26|
|1.23||000270 KS||KIA CORP||6490928||73.18||144,050||10,542,267.31|
|1.21||LUN CN||LUNDIN MINING CORP||2866857||11.72||887,313||10,398,858.09|
|1.16||JMAT LN||JOHNSON MATTHEY PLC||BZ4BQC7||45.67||218,063||9,959,711.56|
|1.16||MXIM||MAXIM INTEGRATED PRODUCTS||2573760||92.85||107,260||9,959,091.00|
|1.13||STLA IM||STELLANTIS NV||BMD8KX7||18.03||537,721||9,692,757.69|
|1.10||005380 KS||HYUNDAI MOTOR CO||6451055||202.90||46,798||9,495,186.28|
|1.09||ORE AU||OROCOBRE LTD||B293GJ4||4.85||1,936,455||9,387,049.29|
|1.08||ON||ON SEMICONDUCTOR CORP||2583576||37.45||248,198||9,295,015.10|
|1.08||6752 JP||PANASONIC CORP||6572707||11.11||833,764||9,260,658.31|
|1.03||NOK||NIO INC - ADR||BFZX9H8||33.42||265,507||8,873,243.94|
|1.01||CON GR||CONTINENTAL AG||4598589||139.22||62,377||8,684,159.60|
|0.99||AXL||AMER AXLE & MFG||2382416||10.63||800,421||8,508,475.23|
|0.97||SQM||QUIMICA Y-SP ADR||2771122||52.31||159,224||8,329,007.44|
|0.93||7201 JP||NISSAN MOTOR CO LTD||6642860||4.88||1,641,980||8,018,221.89|
|0.92||PLS AU||PILBARA MINERALS LTD||B2368L5||0.85||9,341,507||7,946,358.64|
|0.86||RNO FP||RENAULT SA||4712798||40.53||183,103||7,421,563.43|
|0.71||6674 JP||GS YUASA CORP||6744250||25.76||236,806||6,100,023.89|
|0.67||1772 HK||GANFENG LITHIUM CO LTD-H||BZ9NS11||11.13||521,424||5,804,155.72|
|0.67||TOM2 NA||TOMTOM NV||BFY1TC8||8.68||666,074||5,778,524.92|
|0.66||1211 HK||BYD CO LTD-H||6536651||18.52||305,030||5,647,867.27|
|0.63||175 HK||GEELY AUTOMOBILES||6531827||2.26||2,411,200||5,458,020.31|
|0.52||BE||BLOOM ENERGY CORP- A||BDD1BB8||20.30||220,646||4,479,113.80|
|0.45||PLUG||PLUG POWER INC||2508386||24.58||156,894||3,856,454.52|
|0.42||CBAT||CBAK ENERGY TECH||BZ02DS9||3.56||1,006,040||3,581,502.40|
|0.41||BLDP||BALLARD POWER SYSTEMS INC||2120371||14.64||238,825||3,496,398.00|
|0.06||EO IM||FAURECIA S.E.||BGPK545||53.78||8,860||476,454.85|
Latest Premium / Discount As of 05/14/21
|Premium / (Discount)||$0.05|
Current View 2021 Q2As of 05/14/21
|Days at Premium||22|
|Days at NAV||0|
|Days at Discount||9|
Daily Premium / Discount History As of 05/14/21
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How can the Fund trade at a premium / discount to its NAV?
The primary explanation is that timing discrepancies can arise between the NAV and the trading price of the fund. Since shares of the fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the fund may deviate slightly from the value of the fund's underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.
What causes these time discrepancies?
Close of Trading Times. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.
Time of Last Trade. Trading of Global X funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade - from which the closing price is determined - may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to deviate from the closing price.
International Holdings. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.
SEI Investments Distribution Co. (1 Freedom Valley Drive, Oaks, PA, 19456) is the distributor for the Global X Funds.
Check the background of SIDCO and Global X’s Registered Representatives on FINRA’s BrokerCheck
Investing involves risk, including the possible loss of principal. The investable universe of companies in which DRIV may invest may be limited. The companies in which the Fund invests may be subject to rapid changes in technology, intense competition, rapid obsolescence of products and services, loss of intellectual property protections, evolving industry standards and frequent new product productions, and changes in business cycles and government regulation. There are additional risks associated with investing in mining industries.
International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. DRIV 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. Beginning October 15, 2020, 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. Prior to October 15, 2020, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times. 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. 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 funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Solactive AG, nor does Solactive AG make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with Solactive AG.
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