Global X U.S. Electrification ETF(NASDAQ:ZAP)

ZAP investing in stocks and ADRs for companies linked to electrification. The investment thesis is based on the development of AI technology drives increased demand for electricity. Such companies engage in conventional electricity generation, transmission, and distribution, alternative electricity generation and technology solutions, and the modernization, development, manufacturing, and/or implementation of grid infrastructure and smart grid technology. To qualify, companies must generate significant revenue from these areas, meet market capitalization and liquidity criteria, and are re-assessed semi-annually. Holdings are weighted by modified capitalization, capping individual holdings to manage risk. The Fund aims to mimic the Index without outperforming it, utilizing a replication or sampling strategy as needed to align closely with the Index's performance. The fund is non-diversified, concentrating on the electric utilities industry.