CTEC


CleanTech ETF

Reasons to Consider CTEC

High Growth Potential

A rapid decrease in CO2 emissions is needed to limit the most serious consequences of climate change. This could require $150tn in spending across all energy transition technologies from 2023-2050, suggesting that significant investment opportunities remain.1

Compelling Economics

The cost of generating electricity from renewables plunged over the past decade, making many green alternatives competitive or even cheaper than fossil fuel equivalents.2

Unconstrained Approach

CleanTech is a dynamic theme, supporting a long-term structural shift in worldwide energy use. CTEC invests accordingly, with global exposure across multiple sectors and industries.

1International Renewable Energy Agency, May 2023
2International Energy Agency, Oct 2021

Key Information As of 07/19/24

Inception Date 10/27/20
Total Expense Ratio 0.50%
Net Assets $42.79 million
NAV $8.31

ETF Summary

The Global X CleanTech ETF (CTEC) seeks to invest in companies that stand to benefit from the increased adoption of technologies that inhibit or reduce negative environmental impacts. This includes companies involved in renewable energy production, energy storage, smart grid implementation, residential/commercial energy efficiency, and/or the production and provision of pollution-reducing products and solutions.

ETF Objective

The Global X CleanTech ETF (CTEC) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Global CleanTech Index.

Trading Details As of 07/19/24

Ticker CTEC
B3 Trading Code
Bloomberg Index Ticker ICTEC
CUSIP 37954Y228
ISIN US37954Y2283
Primary Exchange Nasdaq
Shares Outstanding 5,150,000
Number of Holdings 43
30-Day Median Bid-Ask Spread 1.09%

Distributions As of 07/19/24

30-Day SEC Yield 0.63%
Distribution Frequency Semi-Annually

ETF Prices As of 07/19/24

NAV $8.31 Daily Change -$0.12 -1.42%
Market Price $8.24 Daily Change -$0.15 -1.79%

Performance History

Cumulative Returns (as of 06/28/24)
1 Month 6 Months YTD 12 Months 24 Months Since Inception Inception Date
Return CTEC -18.69% -25.58% -25.58% -44.91% -40.20% -45.80% 10/27/20
Returns (as of 07/19/24)
Return CTEC Return Index
Since Inception -44.05% -44.91%
12 Months -43.96% -44.27%
24 Months -47.97% -47.75%
Last 60 Trading Days -3.19% -5.10%
Last 75 Trading Days -11.04% -12.80%
Monthly Returns (through 07/19/24)
Return CTEC Return Index
Jul 2024 3.22% 2.31%
Jun 2024 -18.69% -18.54%
May 2024 13.49% 12.02%
Apr 2024 -9.23% -9.11%
Mar 2024 5.72% 5.76%
Feb 2024 0.22% 1.10%
Jan 2024 -16.15% -15.62%
Dec 2023 10.38% 10.45%
Nov 2023 9.28% 9.48%
Oct 2023 -17.65% -17.65%
Sep 2023 -11.53% -11.84%
Aug 2023 -17.00% -17.07%
Jul 2023 1.51% 1.42%
Jun 2023 3.00% 3.72%
May 2023 -1.58% -1.27%
Apr 2023 -9.25% -9.22%
Mar 2023 3.69% 3.56%
Feb 2023 -7.45% -6.94%
Jan 2023 13.48% 13.73%
Dec 2022 -9.11% -9.11%
Nov 2022 14.95% 13.19%
Oct 2022 0.76% 0.87%
Sep 2022 -15.87% -15.25%
Aug 2022 3.10% 3.15%
Jul 2022 18.65% 19.43%

Total returns take into account management, administration and fees and other costs automatically deducted from the fund's assets. Before investing, you may read the prospectus in the “FEES AND EXPENSES” section for more details.

NAV & Index Chart

Top Holdings As of 07/19/24

Net Assets (%) Ticker Name Country SEDOL Market Price ($) Shares Held Market Value ($)
9.27 FSLR FIRST SOLAR INC United States B1HMF22 216.43 18,335 3,968,244.05
5.72 006400 KS SAMSUNG SDI CO LTD Republic Of Korea 6771645 257.79 9,488 2,445,889.82
5.58 ENPH ENPHASE ENERGY INC United States B65SQW4 105.46 22,645 2,388,141.70
5.54 NXT NEXTRACKER INC-CL A United States BR1GTS6 47.86 49,540 2,370,984.40
5.53 VWS DC VESTAS WIND SYSTEMS A/S Denmark BN4MYF5 23.17 102,070 2,364,973.00
5.26 QS QUANTUMSCAPE CORP United States BMC73Z8 8.12 276,958 2,248,898.96
5.21 JMAT LN JOHNSON MATTHEY PLC United Kingdom BZ4BQC7 21.78 102,440 2,230,868.51
5.05 NDX1 GR NORDEX SE Germany B06CF71 14.59 148,009 2,159,844.71
4.71 968 HK XINYI SOLAR HOLDINGS LTD Hong Kong BGQYNN1 0.47 4,253,700 2,014,964.98
4.68 BE BLOOM ENERGY CORP- A United States BDD1BB8 14.18 141,252 2,002,953.36
4.11 257 HK EB ENVIRONMENT Hong Kong 6630940 0.46 3,855,800 1,757,370.85
3.74 LAND SW LANDIS + GYR GROUP AG Switzerland BF41XY8 88.23 18,157 1,602,058.18
3.19 6121 TT SIMPLO TECHNOLOGY CO LTD Taipei 6421928 11.40 119,864 1,366,482.94
2.98 FLNC FLUENCE ENERGY INC United States BMXC0N9 15.96 79,779 1,273,272.84
2.52 PLUG PLUG POWER INC United States 2508386 2.52 429,515 1,080,230.23
2.33 ARRY ARRAY TECHNOLOGIES INC United States BLBLMD5 10.52 94,927 998,632.04
2.26 112610 KS CS WIND CORP Republic Of Korea BSPBZK8 36.56 26,499 968,776.54
1.77 DQ DAQO NEW ENERGY CORP-ADR United States B953PM3 16.08 47,035 756,322.80
1.76 SEDG SOLAREDGE TECHNO United States BWC52Q6 25.69 29,248 751,381.12
1.65 SHLS SHOALS TECHNOL-A United States BMDJ085 6.59 106,894 704,431.46
1.58 AMRC AMERESCO INC-CL A United States B3SWPT2 31.51 21,497 677,370.47
1.58 JKS JINKOSOLAR HOLDING CO-ADR United States B64H9N4 20.94 32,316 676,697.04
1.50 CSIQ CANADIAN SOLAR INC United States B1GKCH1 15.79 40,507 639,605.53
1.38 336260 KS DOOSAN FUEL CELL CO LTD Republic Of Korea BH4G7R8 14.39 41,008 590,221.86
1.37 S92 GR SMA SOLAR TECHNOLOGY AG Germany B3B20H2 27.01 21,716 586,490.68
1.31 NEL NO NEL ASA United States B02NR83 0.54 1,039,510 560,258.15
1.00 6865 HK FLAT GLASS GROUP CO LTD-H Hong Kong BYQ9774 1.52 282,200 429,935.09
1.00 BLDP BALLARD POWER SYSTEMS INC United States 2120371 2.29 185,854 425,605.66
0.99 3576 TT UNITED RENEWABLE Taipei B284BT3 0.42 1,011,700 425,168.48
0.69 VAR1 GR VARTA AG Germany 5802449 11.24 26,222 294,696.59
0.67 CWR LN CERES POWER HOLDINGS PLC United Kingdom BG5KQW0 2.40 118,850 285,688.26
0.66 1072 HK DONGFANG ELECT-H Hong Kong 6278566 1.35 210,800 283,912.99
0.60 ITM LN ITM POWER PLC United Kingdom B0130H4 0.68 378,649 256,769.21
0.58 ALFEN NA ALFEN N.V. Netherlands BG0SJ42 18.41 13,371 246,155.00
0.54 OTHER PAYABLE & RECEIVABLES United States 1.00 231,468 231,467.67
0.50 2208 HK GOLDWIND SCIEN-H Hong Kong B59GZJ7 0.44 482,300 212,409.84
0.33 FCEL FUELCELL ENERGY INC United States BK6S6J8 0.52 275,957 142,504.19
0.27 STEM STEM INC United States BNHTRL0 1.23 94,704 116,485.92
0.24 MBTN SW MEYER BURGER TEC Switzerland BT3MF33 5.32 19,025 101,189.75
0.17 SPWR SUNPOWER CORP United States B59DK93 0.68 109,671 74,499.51
0.08 CAVEN NO CAVENDISH HYDROGEN ASA United States BT3CMZ4 1.90 18,874 35,939.82
0.07 CASH United States 1.00 29,108 29,107.85
0.03 HONG KONG DOLLAR United States 0.13 105,986 13,568.97
Holdings are subject to change. "Cash" denotes U.S. dollars.

Sector Breakdown As of 06/30/24

Sector Weight (%)
Industrials 48.0
Information Technology 42.7
Materials 5.0
Consumer Discretionary 4.3

Source: AltaVista Research, LLC

Country Breakdown As of 06/30/24

Country Weight (%)
United States 43.3
China 10.8
South Korea 9.8
Germany 6.5
Britain 6.1
Denmark 5.8
Taiwan 4.9
Hong Kong 4.7
Switzerland 3.6
Canada 2.5
Norway 1.4
Other/Cash 0.6

Source: AltaVista Research, LLC

ETF Characteristics As of 07/18/24

Return on Equity 5.30%
Weighted Avg. Market Cap 7,278 M
2023 2024
Price-to-earnings 47.24 26.59
Price-to-book value 1.44 1.38

Source: AltaVista Research, LLC

ETF Risk Stats As of 06/30/24

Versus Beta
S&P 500 1.44
MSCI EAFE 1.59
MSCI Emg. Mkts 1.38
Standard Deviation 39.40%

Source: AltaVista Research, LLC

TERMS OF USE

Global X Brasil Gestora de Investimentos Ltda. (“Global X Brasil”) is an asset manager authorized by the Brazilian Securities and Exchange Commission (“CVM”), constituted in the form of CVM Resolution No. 21/2021. Investing involves risks. The material on this site is for informational purposes only and does not constitute investment advice, recommendation, offer or solicitation to buy or sell any securities, funds, or strategies to any person in any jurisdiction in which an offer, solicitation, purchase, or sale would be illegal under the securities laws of such jurisdiction. Opinions expressed here are subject to change without notice. Reliance upon the information contained in this material is at the sole discretion of the reader. No securities regulator has confirmed the accuracy of any information contained herein. Access to the information on this site or the use of the services or information provided herein is prohibited by any person or entity in any jurisdiction or country where such distribution or use is contrary to local law, rules, or regulation. Investment in index funds (ETFs) involves risks, including detachment from the benchmark index and related to the liquidity of shares in the secondary market. Investment funds managed by Global X Brasil use strategies that can result in significant equity losses for their quota holders. Global X Brasil, its partners and employees are exempt of responsibility for any damages resulting directly or indirectly from the use of the information contained on this website.

FOR EVALUATION OF THE PERFORMANCE OF AN INVESTMENT FUND, IT IS RECOMMENDED THE ANALYSIS OF AT LEAST 12 (TWELVE) MONTHS. INVESTMENT FUNDS DO NOT HAVE A GUARANTEE FROM THE ADMINISTRATOR, THE MANAGER, ANY INSURANCE MECHANISM OR CREDIT GUARANTEE FUND – FGC. INVESTMENTS IN FINANCIAL AND CAPITAL MARKETS ARE SUBJECT TO RISKS OF LOSS GREATER THAN THE TOTAL VALUE OF INVESTED CAPITAL. PAST PROFITABILITY DOES NOT REPRESENT A GUARANTEE OF FUTURE PROFITABILITY THE PROFITABILITY DISCLOSED IS NOT NET OF TAXES. READ THE PROSPECTUS, THE FORM OF COMPLEMENTARY INFORMATION, SHEET OF ESSENTIAL INFORMATION AND THE REGULATION BEFORE INVESTING. DESCRIPTION OF THE ANBIMA TYPE AVAILABLE IN THE FORM OF COMPLEMENTARY INFORMATION.

Back to Top