CCSO
Carbon Collective Climate Solutions US Equity ETF
CCSO is an actively managed fund that invests in US-listed companies who are focused on building solutions to properly address climate change.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
38.8 M
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Fund sponsor | Toroso Investments |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 19, 2022 |
| Assets (mns) | $39 |
| Expense ratio | 35 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| JOHNSON CONTROLS INTERNATIONAL PLC | 5.2 % |
| QUANTA SERVICES INC | 5.1 % |
| REPUBLIC SERVICES INC | 5.0 % |
| CARRIER GLOBAL CORP. | 5.0 % |
| SOUTHERN COPPER CORP | 4.9 % |
| WASTE MANAGEMENT INC | 4.9 % |
| GE VERONA | 4.6 % |
| WASTE CONNECTIONS, INC. | 4.2 % |
| CAMECO CORP | 3.4 % |
| NUCOR CORP | 2.8 % |
Constituent Breakdown
| Number of holdings | 109 |
| Herfindahl-Hirschman Index | 304 |
| Wgt avg mkt cap (mns) | $42,419 |
| Large cap (>$10bn) | 72.7% |
| Mid cap ($2-10bn) | 18.4% |
| Small cap (<$2bn) | 5.9% |
| Developed mkts. | 82.7% |
| Emerging mkts. | 6.9% |
Country Exposure
 |
UNITED STATES | 72.0 % |
 |
CANADA | 12.0 % |
 |
CHINA | 6.3 % |
 |
IRELAND | 5.2 % |
 |
ISRAEL | 1.3 % |
Historical Performance
Standardized Performance (as of 09/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 22.9% | 20.4% | 16.4% | 11.7% | -- | -- | -- | 8.3% |
| Dividend Yield | 0.0% | 0.6% | 0.8% | 0.6% | -- | -- | -- | 0.6% |
| Total Returns | 22.9% | 21.0% | 17.2% | 12.3% | -- | -- | -- | 8.9% | Ann. Volatility | 24.5% | 23.3% | 22.7% | 23.0% | -- | -- | -- | 23.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.46 | 63% |
| MSCI EAFE | 0.95 | 30% |
| MSCI Emg Mkts | 0.97 | 29% |
Liquidity Measures
| Avg. volume (000) | 3 |
| ADV traded (mns) | $0 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.29% |
Technical Indicators
| Recent close | $25.84 |
| 30d moving avg. | $25.19 |
| Annualized volatility | 23.9% |
| Relative strength (RSI) | 57 |
| Short interest | 0.7% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| PBW | Invesco WilderHill Clean Energy ETF | 18.6% | +31 bp | -3.6% |
| SMOG | VanEck Low Carbon Energy ETF | 16.8% | +26 bp | +1.2% |
| GRID | First Trust Nasdaq Clean Edge Smart GRID Infrastructure | 14.1% | +23 bp | +4.2% |
| TEMP | JPMorgan Climate Change Solutions ETF | 14.0% | +14 bp | +5.7% |
| VOLT | Tema Electrification ETF | 13.8% | +40 bp | +3.1% |
| NUKZ | Range Nuclear Renaissance Index ETF | 13.4% | +50 bp | +1.2% |
| FRNW | Fidelity Clean Energy ETF | 13.1% | +4 bp | +2.2% |
| QCLN | First Trust Nasdaq Clean Edge Green Energy Index Fund | 12.6% | +23 bp | -1.9% |
| FIDU | Fidelity MSCI Industrial Index ETF | 12.5% | -27 bp | +4.4% |
| MID | American Century Mid Cap Growth Impact ETF | 12.0% | +10 bp | +3.3% |
Risk and Returns: CCSO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 10/29/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
CCSO
1.3%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 995 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.3%. CCSO's ALTAR Score™ is approximately
1.8 standard deviations
below
the category average. This places CCSO in the 3rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
CCSOSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 627 |
| Avg. Expense Ratio | 46.1 bp |
| Std. Deviation | 32.8 bp |
| CCSO (35 bp) Percentile rank | 37 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| CCSO | 35.0 | 29.1 | 64.1 |
| Peer Avg. | 46.1 | 15.6 | 61.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .