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 07/15/24

Inception Date 10/27/20
Total Expense Ratio 0.50%
Net Assets $44.42 million
NAV $8.62
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 07/12/24

Ticker CTEC
Bloomberg Index Ticker ICTEC
CUSIP 37954Y228
ISIN US37954Y2283
Primary Exchange Nasdaq
Shares Outstanding 5,150,000
Number of Holdings 40
30-Day Median Bid-Ask Spread 1.10%

Distributions As of 07/15/24

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

ETF Prices As of 07/15/24

NAV $8.62 Daily Change -$0.31 -3.47%
Market Price $8.58 Daily Change -$0.33 -3.70%

Performance History

As of recent month & quarter-end (06/30/24)
As of recent month & quarter-end (06/30/24)
Fund NAV Market Price Index
1 Year -44.91% -45.34% -44.87%
3 Years -26.72% -27.06% -26.56%
Since Inception -15.34% -15.57% -15.68%
1 Year -44.91% -45.34% -44.87%
3 Years -26.72% -27.06% -26.56%
Since Inception -15.34% -15.57% -15.68%
Year-to-Date -25.58% -26.11% -25.52%
1 Month -18.69% -19.33% -18.68%
3 Months -16.24% -16.90% -16.08%
Since Inception -45.80% -46.33% -46.59%
Year-to-Date -25.58% -26.11% -25.52%
1 Month -18.69% -19.33% -18.68%
3 Months -16.24% -16.90% -16.08%
Since Inception -45.80% -46.33% -46.59%

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 07/15/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
8.81 FSLR FIRST SOLAR INC B1HMF22 213.42 18,335 3,913,055.70
5.83 006400 KS SAMSUNG SDI CO LTD 6771645 273.01 9,488 2,590,287.47
5.76 ENPH ENPHASE ENERGY INC B65SQW4 113.06 22,645 2,560,243.70
5.38 QS QUANTUMSCAPE CORP BMC73Z8 8.62 276,958 2,387,377.96
5.33 NXT NEXTRACKER INC-CL A BR1GTS6 47.77 49,540 2,366,525.80
5.30 VWS DC VESTAS WIND SYSTEMS A/S BN4MYF5 23.06 102,070 2,353,715.32
5.04 JMAT LN JOHNSON MATTHEY PLC BZ4BQC7 21.84 102,440 2,237,105.21
4.70 NDX1 GR NORDEX SE B06CF71 14.12 148,009 2,089,253.68
4.62 BE BLOOM ENERGY CORP- A BDD1BB8 14.54 141,252 2,053,804.08
4.58 968 HK XINYI SOLAR HOLDINGS LTD BGQYNN1 0.48 4,253,700 2,032,473.48
4.24 257 HK EB ENVIRONMENT 6630940 0.49 3,855,800 1,881,865.90
3.70 LAND SW LANDIS + GYR GROUP AG BF41XY8 90.38 18,157 1,641,047.15
3.28 6121 TT SIMPLO TECHNOLOGY CO LTD 6421928 12.15 119,864 1,456,888.14
3.10 PLUG PLUG POWER INC 2508386 3.21 429,515 1,378,743.15
2.99 FLNC FLUENCE ENERGY INC BMXC0N9 16.66 79,779 1,329,118.14
2.38 ARRY ARRAY TECHNOLOGIES INC BLBLMD5 11.13 94,927 1,056,537.51
2.08 112610 KS CS WIND CORP BSPBZK8 34.93 26,499 925,620.47
1.76 SEDG SOLAREDGE TECHNO BWC52Q6 26.79 29,248 783,553.92
1.68 DQ DAQO NEW ENERGY CORP-ADR B953PM3 15.84 47,035 745,034.40
1.64 SHLS SHOALS TECHNOL-A BMDJ085 6.80 106,894 726,879.20
1.57 JKS JINKOSOLAR HOLDING CO-ADR B64H9N4 21.63 32,316 698,995.08
1.51 AMRC AMERESCO INC-CL A B3SWPT2 31.17 21,497 670,061.49
1.47 NEL NO NEL ASA B02NR83 0.63 1,039,510 653,655.57
1.45 S92 GR SMA SOLAR TECHNOLOGY AG B3B20H2 29.67 21,716 644,367.77
1.40 CSIQ CANADIAN SOLAR INC B1GKCH1 15.35 40,507 621,782.45
1.38 336260 KS DOOSAN FUEL CELL CO LTD BH4G7R8 14.90 41,008 610,930.97
1.06 BLDP BALLARD POWER SYSTEMS INC 2120371 2.54 185,854 472,069.16
0.98 3576 TT UNITED RENEWABLE B284BT3 0.43 1,011,700 434,732.43
0.90 6865 HK FLAT GLASS GROUP CO LTD-H BYQ9774 1.41 282,200 398,371.08
0.70 CWR LN CERES POWER HOLDINGS PLC BG5KQW0 2.63 118,850 312,320.54
0.68 ITM LN ITM POWER PLC B0130H4 0.80 378,649 302,590.80
0.66 1072 HK DONGFANG ELECT-H 6278566 1.40 210,800 294,337.98
0.65 VAR1 GR VARTA AG 5802449 10.92 26,222 286,266.38
0.62 SPWR SUNPOWER CORP B59DK93 2.50 109,671 274,177.50
0.61 ALFEN NA ALFEN N.V. BG0SJ42 20.17 13,371 269,682.56
0.55 OTHER PAYABLE & RECEIVABLES 1.00 243,612 243,611.88
0.49 2208 HK GOLDWIND SCIEN-H B59GZJ7 0.45 482,300 216,239.24
0.42 FCEL FUELCELL ENERGY INC BK6S6J8 0.67 275,957 185,443.10
0.31 STEM STEM INC BNHTRL0 1.43 94,704 135,426.72
0.26 MBTN SW MEYER BURGER TEC BT3MF33 6.10 19,025 116,050.16
0.09 CAVEN NO CAVENDISH HYDROGEN ASA BT3CMZ4 2.05 18,874 38,720.39
0.06 CASH 1.00 27,287 27,286.81
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 06/30/24

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

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Electrical Equipment 55.0
Semiconductors 29.1
Chemicals 5.4
Commercial Services & Supplies 5.2
Auto Components 3.6
Construction 1.7

Source: new windowAltaVista Research, LLC

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 1.5
Other 0.5

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 07/12/24

Return on Equity 5.30%
Weighted Avg. Market Cap 7,278 M
2023 2024
Price-to-earnings 50.16 28.24
Price-to-book value 1.53 1.47

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 06/30/24

Versus Beta
S&P 500 1.44
NASDAQ-100 1.12
MSCI EAFE 1.59
MSCI Emg. Mkts 1.38
Standard Deviation 39.40%

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.