CTEX

S&P Kensho Cleantech ETF

Why Invest in CTEX?

  • CTEX 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.

Why Invest in CTEX?

  • CTEX 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.

You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)

Performance

Growth of $10,000

Chart data from Thomson Reuters. Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded. Data is delayed at least 15 minutes.

Total Return

Fund + Index 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
CTEX Market Price 7.23% -8.12% -31.36% -19.52% -- -- -- -- -23.60% 09/29/2021
CTEX NAV 6.98% -8.41% -31.45% -19.67% -- -- -- -- -23.73% 09/29/2021
S&P Kensho Cleantech Index 7.03% -8.31% -31.26% -19.50% -- -- -- -- -32.97% --

The performance quoted represents past performance and does not guarantee future results. 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 the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.

About the Fund

Snapshot
  • Ticker CTEX
  • Intraday Ticker CTEX.IV
  • CUSIP 74347G515
  • Inception Date 9/29/21
  • Unitary Expense Ratio 0.58%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Characteristics
as of 5/31/2022
  • SEC 30-Day Yield 0.01%

    SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.

Price
as of 6/24/2022
  • NAV $30.14
  • NAV Change $-0.25 down caret
  • Market Price $30.10
  • Market Price Change $-0.36 down caret
  • Trading Volume (M) 371
  • 30-Day Median Bid Ask Spread 0.27%
  • View Premium / Discount
Snapshot
  • Ticker CTEX
  • Intraday Ticker CTEX.IV
  • CUSIP 74347G515
  • Inception Date 9/29/21
  • Unitary Expense Ratio 0.58%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Characteristics
as of 5/31/2022
  • SEC 30-Day Yield 0.01%

    SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.

Price
as of 6/24/2022
  • NAV $30.14
  • NAV Change $-0.25 down caret
  • Market Price $30.10
  • Market Price Change $-0.36 down caret
  • Trading Volume (M) 371
  • 30-Day Median Bid Ask Spread 0.27%
  • View Premium / Discount

Exposures

Index as of 3/31/2022 and Fund as of 6/24/2022

Holdings

as of 6/24/2022

Weight Ticker Description Exposure Value
(Notional + GL)
Market Value Shares/Contracts
4.82% DQ DAQO NEW ENERGY CORP-ADR -- $145,308.02 2,162
4.54% ARRY ARRAY TECHNOLOGIES INC -- $136,820.25 11,025
3.95% ENPH ENPHASE ENERGY INC -- $119,034.00 600
3.84% SHLS SHOALS TECHNOLOGIES GROUP -A -- $115,689.45 6,645
3.83% NOVA SUNNOVA ENERGY INTERNATIONAL -- $115,382.40 5,712
3.83% BE BLOOM ENERGY CORP- A -- $115,350.40 6,380
3.74% SEDG SOLAREDGE TECHNOLOGIES INC -- $112,817.96 394
3.71% CSIQ CANADIAN SOLAR INC -- $111,840.52 3,454
3.63% PLUG PLUG POWER INC -- $109,288.85 5,995
3.60% JKS JINKOSOLAR HOLDING CO-ADR -- $108,363.20 1,760
3.56% RUN SUNRUN INC -- $107,235.44 4,252
3.54% SOL RENESOLA LTD-ADR -- $106,652.13 22,173
3.48% MAXN MAXEON SOLAR TECHNOLOGIE -- $104,930.46 8,109
3.47% FSLR FIRST SOLAR INC -- $104,684.58 1,494
3.46% FCEL FUELCELL ENERGY INC -- $104,141.70 26,703
3.43% SPWR SUNPOWER CORP -- $103,378.80 5,955
3.42% TSLA TESLA INC -- $103,196.80 140
3.31% GNRC GENERAC HOLDINGS INC -- $99,700.20 444
3.22% TPIC TPI COMPOSITES INC -- $96,957.06 7,198
3.18% CMI CUMMINS INC -- $95,949.84 492
3.05% BLDP BALLARD POWER SYSTEMS INC -- $91,965.16 13,406
3.04% ADT ADT INC -- $91,531.95 14,191
3.03% ORA ORMAT TECHNOLOGIES INC -- $91,313.00 1,270
2.92% GE GENERAL ELECTRIC CO -- $88,008.96 1,312
2.88% ACA ARCOSA INC -- $86,696.55 1,845
2.53% HY HYSTER-YALE MATERIALS -- $76,229.68 2,248
2.51% AZRE AZURE POWER GLOBAL LTD -- $75,715.29 5,723
2.30% VMI VALMONT INDUSTRIES -- $69,266.16 306
2.21% AMAT APPLIED MATERIALS INC -- $66,691.60 685
1.97% AMSC AMERICAN SUPERCONDUCTOR CORP -- $59,492.00 11,120
-- -- NET OTHER ASSETS (LIABILITIES) -- $404.09 404

Index

as of 3/31/2022

  • Total Number of Companies31
  • Price/Earnings Ratio0
  • Price/Book Ratio2.211
  • Dividend Yield ( % )0.32
  • Avg. Index Market Capitalization$46.92 billion
About the Index

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.

Distributions

Ex-Dividend Date Record Date Payable Date Dividend Long-Term Capital Gain Short-Term Capital Gain Return of Capital

 

 

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

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For the total return table above, since inception returns are cumulative for funds less than one year old; otherwise, returns are annualized. Market returns are based on the composite closing price and do not represent the returns you would receive if you traded shares at other times. The listing date is typically one or more days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the listing date.

The expense ratio for certain funds includes a contractual fee waiver that results in a lower net expense ratio for some or all periods shown. For information about this ETF’s fees, please see above.

Holdings are subject to change. ProShares may invest in financial instruments (including derivatives) that, in combination, should have daily price return characteristics similar to the fund's benchmark.

Registered Investment Companies are required by the IRS to distribute substantially all of their income and capital gains to shareholders at least annually. For specific tax advice, we recommend you speak with a qualified tax professional.

The performance quoted represents past performance and does not guarantee future results. 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 the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.

Index information does not reflect any management fees, transaction costs or expenses. Indexes are unmanaged, and one cannot invest directly in an index.

There is no guarantee that distributions will not be made in the future. There is no guarantee that dividends or interest income will be paid.

There is no guarantee any ProShares ETF will achieve its investment objective.

Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Your brokerage commissions will reduce returns.

Investing involves risk, including the possible loss of principal. This ProShares ETF is subject to certain risks, including the risk that the fund may not track the performance of the index and that the fund’s market price may fluctuate, which may decrease performance. Please see their summary and full prospectuses for a more complete description of risks.

Investments in cleantech are subject to risks associated with a developing industry and there is no guarantee that these companies will be successful.

Cleantech companies may have limited product lines, markets, and resources. Such companies are subject to risks such as rapid changes in technology; intense competition; impairment of intellectual property rights; changing consumer preferences and product obsolescence; evolving industry standards and regulations; security and privacy failures or constraints; dependence on third-party vendors; Fluctuations in pricing, and supply and demand, for renewable and conventional energy generation and commodities; reduction or elimination of economic incentives or policies; changes to exchange rates, imports, and availability of materials for production. The index theme may not be the primary driver of company, index or fund performance. Companies in the index may have significant unrelated business lines, which could have a significant negative impact on company, index and fund performance.

This fund may be subject to risks associated with the semiconductor and semiconductor equipment industry. A more complete discussion of risks is found in the prospectus.

This fund is non-diversified and concentrates its investments in certain sectors. Non-diversified and narrowly focused investments typically exhibit higher volatility.

Investments in non-U.S. securities may involve risks different from U.S. securities, including risks from geographic concentration, differences in valuation and valuation times, unfavorable fluctuations in currency, differences in generally accepted accounting principles, and from economic or political instability.

Investments in emerging markets generally are less liquid, more volatile and riskier than investments in more developed markets and are considered to be speculative.

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.

The "S&P Kensho Cleantech Index” is a product of S&P Dow Jones Indices LLC and its affiliates and has been licensed for use by ProShares. "S&P®" is a registered trademark of Standard & Poor's Financial Services LLC ("S&P") and "Dow Jones®" is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones") and have been licensed for use by S&P Dow Jones Indices LLC and its affiliates. ProShares have not been passed on by S&P Dow Jones Indices LLC and its affiliates as to their legality or suitability. ProShares based on the “S&P Kensho Cleantech Index” are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates, and they make no representation regarding the advisability of investing in ProShares. THESE ENTITIES AND THEIR AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.

Quote data provided by Interactive Data - Real Time Services, Inc. and subject to terms of use.

ProShares ETFs (ProShares Trust and ProShares Trust II) are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor or sponsor.

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