CTEX
S&P Kensho Cleantech ETF
Why Invest in CTEX?
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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.
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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.
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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.
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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.
Documents & Downloads
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Total Return
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| CTEX Market Price | 4.91% | 7.34% | -1.00% | -14.45% | -8.06% | -17.06% | -- | -- | -16.57% | 09/29/2021 |
| CTEX NAV | 4.93% | 7.39% | -1.01% | -14.34% | -8.08% | -17.03% | -- | -- | -16.56% | 09/29/2021 |
| S&P Kensho Cleantech Index | 4.99% | 7.40% | -0.98% | -14.35% | -7.98% | -16.77% | -- | -- | -16.30% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| CTEX Market Price | 4.91% | 7.34% | -1.00% | -14.45% | -8.06% | -17.06% | -- | -- | -16.57% | 09/29/2021 |
| CTEX NAV | 4.93% | 7.39% | -1.01% | -14.34% | -8.08% | -17.03% | -- | -- | -16.56% | 09/29/2021 |
| S&P Kensho Cleantech Index | 4.99% | 7.40% | -0.98% | -14.35% | -7.98% | -16.77% | -- | -- | -16.30% | -- |
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
- Expense Ratio 0.58%
- NAV Calculation Time 4:00 p.m. ET
Characteristics
as of 9/30/2024- Distribution Yield 1.05%
Distribution Yield represents the annualized yield based on the last income distribution.
Price
as of 10/22/2024- NAV $20.73
- NAV Change $-0.11
- Market Price $20.75
- Market Price Change $-0.09
- Trading Volume (M) 9
- 30-Day Median Bid Ask Spread 0.41%
- View Premium / Discount
Snapshot
- Ticker CTEX
- Intraday Ticker CTEX.IV
- CUSIP 74347G515
- Inception Date 9/29/21
- Expense Ratio 0.58%
- NAV Calculation Time 4:00 p.m. ET
Characteristics
as of 9/30/2024- Distribution Yield 1.05%
Distribution Yield represents the annualized yield based on the last income distribution.
Price
as of 10/22/2024- NAV $20.73
- NAV Change $-0.11
- Market Price $20.75
- Market Price Change $-0.09
- Trading Volume (M) 9
- 30-Day Median Bid Ask Spread 0.41%
- View Premium / Discount
Exposures
Fund as of 10/22/2024
Holdings
as of 10/22/2024
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 6.31% | GEV | GE VERNOVA INC | -- | $196,258.20 | 710 | BP6H4Y1 |
| 4.81% | NOVA | SUNNOVA ENERGY INTERNATIONAL | -- | $149,709.35 | 28,735 | BJ9N563 |
| 4.39% | RUN | SUNRUN INC | -- | $136,510.92 | 9,723 | BYXB1Y8 |
| 4.17% | AMSC | AMERICAN SUPERCONDUCTOR CORP | -- | $129,554.56 | 5,546 | BWH64F7 |
| 4.11% | ORA | ORMAT TECHNOLOGIES INC | -- | $127,800.63 | 1,611 | B03L311 |
| 4.08% | DQ | DAQO NEW ENERGY CORP-ADR | -- | $126,793.80 | 6,090 | B953PM3 |
| 4.06% | GNRC | GENERAC HOLDINGS INC | -- | $126,417.20 | 755 | B6197Q2 |
| 4.00% | ACA | ARCOSA INC | -- | $124,472.23 | 1,349 | BGPZ5W8 |
| 3.56% | FSLR | FIRST SOLAR INC | -- | $110,568.60 | 549 | B1HMF22 |
| 3.52% | GLW | CORNING INC | -- | $109,617.27 | 2,317 | 2224701 |
| 3.40% | AMPS | ALTUS POWER INC | -- | $105,743.28 | 30,386 | BPNXP05 |
| 3.27% | JKS | JINKOSOLAR HOLDING CO-ADR | -- | $101,791.80 | 4,770 | B64H9N4 |
| 3.19% | TPIC | TPI COMPOSITES INC | -- | $99,198.00 | 27,555 | BYYGK12 |
| 3.17% | TSLA | TESLA INC | -- | $98,740.41 | 453 | B616C79 |
| 3.15% | CMI | CUMMINS INC | -- | $97,887.20 | 296 | 2240202 |
| 3.12% | VMI | VALMONT INDUSTRIES | -- | $97,035.26 | 329 | 2926825 |
| 3.10% | ENPH | ENPHASE ENERGY INC | -- | $96,288.12 | 1,044 | B65SQW4 |
| 3.00% | CSIQ | CANADIAN SOLAR INC | -- | $93,370.40 | 7,352 | B1GKCH1 |
| 2.86% | FLNC | FLUENCE ENERGY INC | -- | $88,867.66 | 4,486 | BMXC0N9 |
| 2.78% | SHLS | SHOALS TECHNOLOGIES GROUP -A | -- | $86,601.90 | 17,115 | BMDJ085 |
| 2.71% | GNE | GENIE ENERGY LTD-B | -- | $84,303.00 | 5,220 | B725NJ1 |
| 2.70% | PLUG | PLUG POWER INC | -- | $83,882.70 | 37,785 | 2508386 |
| 2.58% | ADT | ADT INC | -- | $80,144.40 | 11,515 | BFWCP81 |
| 2.55% | NXT | NEXTRACKER INC-CL A | -- | $79,279.33 | 2,474 | BR1GTS6 |
| 2.46% | ROCK | GIBRALTAR INDUSTRIES INC | -- | $76,428.00 | 1,158 | 2369226 |
| 2.42% | HY | HYSTER-YALE INC | -- | $75,389.82 | 1,133 | B7LG306 |
| 2.41% | BE | BLOOM ENERGY CORP- A | -- | $74,843.16 | 7,692 | BDD1BB8 |
| 2.27% | AMAT | APPLIED MATERIALS INC | -- | $70,455.00 | 385 | 2046552 |
| 2.22% | ARRY | ARRAY TECHNOLOGIES INC | -- | $68,925.50 | 10,475 | BLBLMD5 |
| 2.06% | BLDP | BALLARD POWER SYSTEMS INC | -- | $64,222.95 | 38,923 | 2120371 |
| 1.36% | SEDG | SOLAREDGE TECHNOLOGIES INC | -- | $42,209.58 | 2,401 | BWC52Q6 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $6,788.42 | 6,788 | -- |
Index
as of 9/30/2024
- Total Number of Companies31
- Price/Earnings Ratio--
- Price/Book Ratio1.359
- Dividend Yield ( % )0.77
- Avg. Index Market Capitalization$40.59 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
For
- 2024
- 2023
| 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