S&P Kensho Cleantech ETF - CTEX S&P Kensho Cleantech ETF

ProShares S&P Kensho Cleantech ETF seeks investment results, before fees and expenses, that track the performance of the S&P Kensho Cleantech Index.

ProShares S&P Kensho Cleantech ETF invests in companies involved in developing and building the green technologies that could power the future in areas like hydro, solar, wind, and geothermal.

  • The advancement of clean technology is critical to meeting the Paris Agreement goal of net-zero energy emissions by 2050. A BloombergNEF forecast states that to meet the deadline, emissions must decline 30% from 2019 levels by 2030. Renewable energy sources like solar, wind, and hydrogen could play a central role in this transition.
  • Both the public and private markets are investing in clean technology. The Biden administration has called for massive government spending in this area, and global companies like Goldman Sachs, Google and Microsoft have announced substantial commitments to clean technology.
  • Clean technology could be a catalyst for economic growth, driving $1-2 trillion of green infrastructure investments per year and creating 15-20 million jobs globally, according to a 2020 Goldman Sachs research report.
  • Read more about ProShares S&P Kensho Cleantech ETF
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Index/Benchmark Summary

The S&P Kensho Cleantech Index is designed to track the performance of companies focused on building the technologies or products that enable the generation of energy in a clean manner, as determined by the index provider.

To be selected for the Index, a company must produce products or services related to clean energy technology, as identified by the index provider’s automated scan of recent company-issued filings. The Index Provider categorizes selected companies as “Core” if clean energy technology products or services are determined to be principal business strategy components. All other selected companies are categorized as “Non-Core”. Securities are equal weighted within each category: Core securities are overweighted relative to Non-Core securities in the Index. The Index includes U.S., non-U.S. developed, and emerging market companies and is reconstituted annually and rebalanced semiannually.

Fundamentals as of 9/30/21

Total Number of Companies 29
Price/Book Ratio 3.22
Dividend Yield (%) 0.22
Average Index Market Capitalization $38.83 billion

Index Holdings as of 9/30/21

Top 10 Index Companies Weight
JinkoSolar Holding Co. Ltd. 5.14%
Tesla Inc. 4.90%
Shoals Technologies Group Inc.-Class A 4.61%
First Solar Inc. 4.58%
Array Technologies Inc. 4.52%
Sunnova Energy International Inc. 4.21%
Enphase Energy Inc. 4.08%
SolarEdge Technologies Inc. 4.04%
Eos Energy Enterprises Inc. 3.76%
Maxeon Solar Technologies Ltd. 3.75%
Index Country Weightings Weight
United States 76.05%
China 10.73%
Canada 6.58%
Singapore 3.75%
India 2.89%
Index Sector Weightings Weight
Industrials 46.57%
Information Technology 35.14%
Utilities 10.63%
Consumer Discretionary 4.90%
Materials 2.76%

* Sum of weightings may not equal 100% due to rounding. Weightings may fluctuate between rebalance dates and may be higher or lower than the indicated amounts.

Sources: BloombergNEF New Energy Outlook, 2021; “Statement from the White House, April 2021;” Goldman Sachs, Carbonomics, The Green Engine of Economic Recovery, June 2020; Goldman Sachs, 2021; Google Sustainability, 2021; Microsoft CSR, 2021