GRNR — Global X Green Building ETF

GRNR Fund Overview

GRNR — Global X Green Building ETF is a US ETF managed by Global X Funds, categorised as Global (incl. US) Mid Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: Global X Funds
• Category: Global (incl. US) Mid Cap Blend / Core Equity
• Assets under management: $2.17M
• 1-year return: 6.9%
• Ticker: GRNR
• SEC CIK: 0001432353
• SEC series ID: S000075802
• Share class ID: C000235096

GRNR Investment Objective and Strategy

Global X Green Building ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Global X Funds.

Investment objective

"The Global X Green Building ETF (""Fund"") seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Green Building Index (""Underlying Index"")."

Principal investment strategy

"The Fund invests at least 80% of its total assets, plus borrowings for investment purposes (if any), in the securities of the Solactive Green Building Index (the ""Underlying Index"") and in American Depositary Receipts (""ADRs"") and Global Depositary Receipts (""GDRs"") based on the securities in the Underlying Index. The Fund's 80% investment policy is non-fundamental and requires 60 days prior written notice to shareholders before it can be changed. The Fund may lend securities representing up to one-third of the value of the Funds total assets (including the value of the collateral received). The Underlying Index is designed to provide exposure to companies that are positioned to benefit from increased demand for buildings that reduce or eliminate negative impacts, and/or create positive impacts, on the natural environment (Green Building).

Specifically, the Underlying Index consists of securities issued by Green Building Companies as defined by Solactive AG, the provider of the Underlying Index (the ""Index Provider""). Green Building Companies are those companies that derive at least 50% of their revenues from one or more of the following business activities, as determined by the Index Provider: Green Building Development: Companies that design, construct, redevelop, or retrofit properties that meet reputable green building certification standards. The Index Provider utilizes ESG (Environmental, Social and Governance) data provider Sustainalytics for its assessment of reputable green building certification standards. As of April 1, 2022 examples of green building certification standards that Sustainalytics has identified as reputable currently include LEED, BREEAM, Greenstar, DGNB, CASBEE, and Verde.

Green Building Management: Companies that manage and/or operate buildings that have obtained a green certification. Green Building Technologies & Materials: Companies that provide products/services that increase the energy efficiency of residential, commercial, or public buildings. This includes products/services such as insulation and building envelopes, controls and displays for heating, cooling, lighting and home automation, HVAC, energy management services, windows, doors, elevators, etc. These products and services help residential, commercial and/or public buildings to reduce or eliminate negative impacts on the natural environment and/or to create positive impacts on the natural environment, which improves the environmental footprint of a building and makes it more green across measures such as energy efficiency, water usage, carbon emissions, and overall environmental impact.

To be a part of the eligible universe of the Underlying Index, certain minimum market capitalization and liquidity criteria, as defined by the Index Provider, must be met. As of January 31, 2023, companies must have a minimum market capitalization of $200 million and a minimum average daily turnover for the last 6 months greater than or equal to $2 million in order to be eligible for inclusion in the Underlying Index. As of January 31, 2023, companies listed in the following countries were eligible for inclusion in the Underlying Index: Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Greece, Hong Kong, Hungary, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Norway, Peru, Philippines, Poland, Portugal, Qatar, Saudi Arabia, South Africa, South Korea, Singapore, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, United Arab Emirates, the United Kingdom, and the United States In constructing the Underlying Index, the Index Provider, in partnership with ESG (Environmental, Social and Governance) data provider Sustainalytics, reviews the companies from the eligible universe to confirm the companies that derive at least 50% of their revenues from the business activities described above.

Revenue exposure is determined using company filings, disclosures, and other public information. In addition, the Index Provider also applies an ESG screening process to the universe of eligible companies. The Index Provider, in partnership with ESG data provider Minerva, on a quarterly basis reviews each constituent of the Underlying Index for compliance with the principles of the United Nations Global Compact, as well as their involvement in controversial activities. Any existing or potential constituent of the Underlying Index which does not meet the labor, human rights, environmental, and anti-corruption standards as defined by the United Nations Global Compact Principles as of the quarterly review will be excluded from the Underlying Index, as determined by the Index Provider. The Underlying Index is weighted according to a modified capitalization weighting methodology and is reconstituted and re-weighted semi-annually.

Modified capitalization weighting seeks to weight constituents primarily based on market capitalization, but subject to caps on the weights of the individual securities. During each rebalance, the maximum weight of a company is capped at 4%, and all constituents are subject to a minimum weight of 0.3%. Generally speaking, modified capitalization weighting will limit the amount of concentration in the largest market capitalization companies and increase company-level diversification. The Underlying Index may include large-, mid- or small-capitalization companies, and components primarily include real estate companies. As of January 31, 2023, the Underlying Index had 84 constituents. The Fund's investment objective and Underlying Index may be changed without shareholder approval. The Underlying Index is sponsored by the Index Provider, which is an organization that is independent of, and unaffiliated with, the Fund and Global X Management Company LLC, the investment adviser for the Fund (""Adviser"").

In addition, any determinations related to the constituents of the Underlying Index are made independent of the Fund's portfolio managers. The Index Provider determines the relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index. The Adviser uses a ""passive"" or indexing approach to try to achieve the Fund's investment objective. Unlike many investment companies, the Fund does not try to outperform the Underlying Index and does not seek temporary defensive positions when markets decline or appear overvalued. The Fund generally will use a replication strategy. A replication strategy is an indexing strategy that involves investing in the securities of the Underlying Index in approximately the same proportions as in the Underlying Index.

However, the Fund may utilize a representative sampling strategy with respect to the Underlying Index when a replication strategy might be detrimental or disadvantageous to shareholders, such as when there are practical difficulties or substantial costs involved in compiling a portfolio of equity securities to replicate the Underlying Index, in instances in which a security in the Underlying Index becomes temporarily illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations (such as tax diversification requirements) that apply to the Fund but not the Underlying Index. The Adviser expects that, over time, the correlation between the Fund's performance and that of the Underlying Index, before fees and expenses, will exceed 95%. A correlation percentage of 100% would indicate perfect correlation.

If the Fund uses a replication strategy, it can be expected to have greater correlation to the Underlying Index than if it uses a representative sampling strategy. The Fund concentrates its investments (i.e., holds 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. As of January 31, 2023, the Underlying Index was concentrated in the industrials and real estate industries and had significant exposure to the equity real estate investment sector. The Fund is classified as non-diversified, which means it may invest a larger percentage of its assets in a smaller number of issuers than a diversified fund."

GRNR Holdings

Top 10 holdings of Global X Green Building ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all GRNR holdings

GRNR Portfolio Allocation

Asset-class allocation of Global X Green Building ETF by percentage of net assets, from the latest SEC N-PORT filing.

GRNR Performance

Total returns for GRNR (as of 2026-10-01), from SEC filings.

GRNR Risk Information

Risk metrics for GRNR, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 22.8%

GRNR Costs and Fees

GRNR costs about $45 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.45%
• Gross expense ratio: 0.45%
• Portfolio turnover: 30%
• Brokerage commissions: 5.78 bps of average net assets (SEC N-CEN)

GRNR Cashflows

Over the 12 months to 2023-11, Global X Green Building ETF had net inflows of $3.05M, from monthly SEC N-PORT filings.

GRNR Debt Constituents

No individual debt constituents are reported in Global X Green Building ETF's latest SEC N-PORT filing.

GRNR Prospectus and SEC Filings

Official Global X Green Building ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2022-04-05
• Prospectus supplement (497) — filed 2023-03-31
• Portfolio holdings (N-PORT) — filed 2024-01-29
• Portfolio holdings (N-PORT) — filed 2023-10-30
• Portfolio holdings (N-PORT) — filed 2023-07-26
• Annual census (N-CEN) — filed 2024-02-13
• Annual census (N-CEN) — filed 2023-02-10

Related Funds

Other Global (incl. US) Mid Cap Blend / Core Equity funds tracked on ABC INVEST:

• First Eagle Global Fund (SGENX)
• Fidelity Low-Priced Stock Fund (FLPSX)
• Dodge & Cox Global Stock Fund (DODWX)
• Old Westbury Small & Mid Cap Strategies Fund (OWSMX)
• AQR Long-Short Equity Fund (QLEIX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.