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 02/28/24

Inception Date 10/27/20
Total Expense Ratio 0.50%
Net Assets $48.91 million
NAV $8.91
Fact Sheet View the document

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 02/27/24

Ticker CTEC
Bloomberg Index Ticker ICTEC
CUSIP 37954Y228
ISIN US37954Y2283
Primary Exchange Nasdaq
Shares Outstanding 5,490,000
Number of Holdings 40
30-Day Median Bid-Ask Spread 1.05%

Distributions As of 02/28/24

30-Day SEC Yield 0.79%
Distribution Frequency Semi-Annually

ETF Prices As of 02/28/24

NAV $8.91 Daily Change -$0.05 -0.56%
Market Price $8.85 Daily Change -$0.05 -0.56%

Performance History

As of recent
(12/31/23)
As of recent
(12/31/23)
Fund NAV Market Price Index
1 Year -25.82% -25.57% -25.63%
3 Years -21.47% -21.61% -21.89%
Since Inception -9.49% -9.57% -9.93%
1 Year -45.17% -45.57% -45.06%
3 Years -29.49% -29.63% -29.86%
Since Inception -14.02% -14.16% -14.42%
Year-to-Date -25.82% -25.57% -25.63%
1 Month 10.37% 10.29% 10.40%
3 Months -0.69% -0.60% -0.67%
Since Inception -27.17% -27.37% -28.29%
Year-to-Date -16.13% -16.36% -16.11%
1 Month -16.13% -16.36% -16.11%
3 Months 1.17% 1.06% 1.20%
Since Inception -38.91% -39.25% -39.84%

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The 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 their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of 02/28/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
10.01 VWS DC VESTAS WIND SYSTEMS A/S BN4MYF5 27.04 181,020 4,895,262.85
7.77 ENPH ENPHASE ENERGY INC B65SQW4 119.10 31,919 3,801,552.90
6.60 FSLR FIRST SOLAR INC B1HMF22 149.25 21,621 3,226,934.25
5.11 006400 KS SAMSUNG SDI CO LTD 6771645 286.08 8,739 2,500,040.12
5.07 JMAT LN JOHNSON MATTHEY PLC BZ4BQC7 19.59 126,549 2,478,778.34
4.81 968 HK XINYI SOLAR HOLDINGS LTD BGQYNN1 0.49 4,804,900 2,351,010.14
3.69 QS QUANTUMSCAPE CORP BMC73Z8 6.23 289,949 1,806,382.27
3.69 SHLS SHOALS TECHNOL-A BMDJ085 15.39 117,294 1,805,154.66
3.67 6121 TT SIMPLO TECHNOLOGY CO LTD 6421928 13.52 132,664 1,793,040.48
3.49 NDX1 GR NORDEX SE B06CF71 10.45 163,297 1,705,897.93
3.43 SEDG SOLAREDGE TECHNO BWC52Q6 65.56 25,608 1,678,860.48
3.32 257 HK EB ENVIRONMENT 6630940 0.38 4,249,400 1,623,193.06
3.14 LAND SW LANDIS + GYR GROUP AG BF41XY8 77.10 19,923 1,536,021.31
3.01 ARRY ARRAY TECHNOLOGIES INC BLBLMD5 14.10 104,275 1,470,277.50
2.65 BE BLOOM ENERGY CORP- A BDD1BB8 8.99 144,224 1,296,573.76
2.58 FLNC FLUENCE ENERGY INC BMXC0N9 15.45 81,800 1,263,810.00
2.54 S92 GR SMA SOLAR TECHNOLOGY AG B3B20H2 51.92 23,914 1,241,585.82
2.48 PLUG PLUG POWER INC 2508386 3.43 353,793 1,213,509.99
2.32 112610 KS CS WIND CORP BSPBZK8 39.22 28,975 1,136,359.72
2.20 DQ DAQO NEW ENERGY CORP-ADR B953PM3 20.86 51,645 1,077,314.70
1.90 CSIQ CANADIAN SOLAR INC B1GKCH1 20.83 44,621 929,455.43
1.87 JKS JINKOSOLAR HOLDING CO-ADR B64H9N4 26.54 34,458 914,515.32
1.63 ALFEN NA ALFEN N.V. BG0SJ42 53.32 14,973 798,306.93
1.38 336260 KS DOOSAN FUEL CELL CO LTD BH4G7R8 15.04 44,963 676,021.26
1.29 BLDP BALLARD POWER SYSTEMS INC 2120371 3.05 206,193 628,888.65
1.07 6865 HK FLAT GLASS GROUP CO LTD-H BYQ9774 1.70 306,000 520,711.33
1.04 NEL NO NEL ASA B02NR83 0.44 1,148,595 508,501.62
0.98 AMRC AMERESCO INC-CL A B3SWPT2 20.37 23,455 477,778.35
0.97 VAR1 GR VARTA AG 5802449 16.25 29,247 475,313.66
0.87 3576 TT UNITED RENEWABLE B284BT3 0.38 1,120,700 427,450.23
0.78 SPWR SUNPOWER CORP B59DK93 3.17 120,396 381,655.32
0.77 FCEL FUELCELL ENERGY INC BK6S6J8 1.22 307,998 375,757.56
0.60 STEM STEM INC BNHTRL0 2.73 106,817 291,610.41
0.58 ITM LN ITM POWER PLC B0130H4 0.68 421,671 285,773.74
0.55 CWR LN CERES POWER HOLDINGS PLC BG5KQW0 2.03 132,190 267,959.48
0.50 1072 HK DONGFANG ELECT-H 6278566 1.05 234,400 246,150.54
0.45 MBTN SW MEYER BURGER TEC B5NC0D0 0.09 2,474,942 217,670.03
0.40 2208 HK GOLDWIND SCIENCE B59GZJ7 0.38 521,700 196,613.90
0.35 MVST MICROVAST HOLDINGS INC BN7DTZ0 0.81 211,989 171,986.68
0.31 MAXN MAXEON SOLAR TECHNOLOGIE BMH1V17 4.22 36,106 152,367.32
0.31 OTHER PAYABLE & RECEIVABLES 1.00 149,701 149,701.17
-0.18 CASH 1.00 -89,674 -89,673.59
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 01/31/24

Sector Weight (%)
Industrials 45.3
Information Technology 44.2
Consumer Discretionary 5.4
Materials 5.1

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Electrical Products 47.7
Semiconductors 18.0
Electronic Components 14.6
Industrial Machinery 5.2
Chemicals: Major Diversified 5.1
Electric Utilities 3.0
Chemicals: Specialty 1.9
Electronic Production Equipment 1.4
Engineering & Construction 1.0
Industrial Specialties 1.0
Electronic Equipment/Instruments 0.8
Other 0.3

Source: new windowAltaVista Research, LLC

Country Weight (%)
United States 40.0
Denmark 10.2
China 9.8
South Korea 9.0
Germany 6.8
Britain 6.5
Taiwan 4.3
Switzerland 4.0
Canada 3.3
Hong Kong 3.0
Netherlands 1.8
Other 1.3

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 02/27/24

Return on Equity 5.70%
Weighted Avg. Market Cap 7,333 M
2023 2024
Price-to-earnings 71.45 25.34
Price-to-book value 1.47 1.42

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 01/31/24

Versus Beta
S&P 500 1.39
NASDAQ-100 1.16
MSCI EAFE 1.35
MSCI Emg. Mkts 1.31
Standard Deviation 36.70%

Source: new windowAltaVista Research, LLC

ETF Research

View More Related Research

Investing involves risk, including the possible loss of principal. The investable universe of companies in which CTEC may invest may be limited. CleanTech Companies typically face intense competition, short product lifecycles and potentially rapid product obsolescence. These companies may be significantly affected by fluctuations in energy prices and in the supply and demand of renewable energy, tax incentives, subsidies and other governmental regulations and policies. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. CTEC is non-diversified.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Since the Fund’s shares typically do not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in Shares, the NAV of the Fund is used to calculate market returns.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Indxx, nor does Indxx make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with Indxx.