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.
Fund Basics
Fund sponsor | Toroso Investments |
Category | US Equities |
Asset class | Equity |
Website | link... |
Inception date | Sep 19, 2022 |
Assets (mns) | $26 |
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 +
SOUTHERN COPPER CORP | 5.7 % |
NUCOR CORP | 5.3 % |
JOHNSON CONTROLS INTERNATIONAL PLC | 5.2 % |
WASTE MANAGEMENT INC | 5.1 % |
WASTE CONNECTIONS, INC. | 5.0 % |
QUANTA SERVICES INC | 5.0 % |
CARRIER GLOBAL CORP. | 4.9 % |
TESLA MOTORS INC | 4.7 % |
LI AUTO, INC. SPONSORED ADR CLASS A | 3.6 % |
STEEL DYNAMICS INC | 2.9 % |
Constituent Breakdown
Number of holdings | 169 |
Herfindahl-Hirschman Index | 297 |
Wgt avg mkt cap (mns) | $56,234 |
Large cap (>$10bn) | 70.8% |
Mid cap ($2-10bn) | 18.9% |
Small cap (<$2bn) | 10.0% |
Developed mkts. | 92.7% |
Emerging mkts. | 7.3% |
Country Exposure
UNITED STATES | 71.9 % | |
CANADA | 12.7 % | |
CHINA | 6.1 % | |
IRELAND | 5.2 % | |
ISRAEL | 1.0 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
-3.3% | 2.3% | -- | -- | -- | -- | -0.7% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.75 | 76% |
MSCI EAFE | 1.60 | 65% |
MSCI Emg Mkts | 1.56 | 76% |
Liquidity Measures
Avg. volume (000) | 4 |
Turnover | 0.3% |
Avg. Bid/Ask (% of price) | 0.48% |
ADV of underlying (mns) | $25,728 |
Technical Indicators
Recent close | $18.55 |
30d moving avg. | $17.90 |
Annualized volatility | 29.5% |
Relative strength (RSI) | 70 |
Short interest (ETF) | 0.6% |
Short interest (underlying) | 0.0% |
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. CCSO |
Expenses vs. CCSO |
ALTAR Score™ vs. CCSO |
---|---|---|---|---|
SMOG | VanEck Low Carbon Energy ETF | 23.6% | +26 bp | +0.7% |
RNEW | VanEck Green Infrastructure ETF | 23.2% | +10 bp | -2.7% |
QCLN | First Trust Nasdaq Clean Edge Green Energy Index Fund | 18.3% | +23 bp | -2.6% |
PBW | Invesco WilderHill Clean Energy ETF | 17.3% | +31 bp | -21.5% |
ERTH | Invesco MSCI Sustainable Future ETF | 15.4% | +27 bp | +1.3% |
ACES | ALPS Clean Energy ETF | 15.3% | +20 bp | -7.2% |
GRID | First Trust Nasdaq Clean Edge Smart GRID Infrastructure | 14.5% | +23 bp | +2.2% |
XHB | SPDR S&P Homebuilders ETF | 14.1% | 0 bp | +6.3% |
NBCT | Neuberger Berman Carbon Transition Infrastructure ETF | 13.7% | +20 bp | +1.3% |
MVPS | Amplify Thematic All-Stars ETF | 12.6% | +14 bp | -0.7% |
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
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
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 4/26/2024
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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
CCSO
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
CCSO
2.3%
Cat. Avg
5.8%
Fund Category: US Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 2.3% |
Recommendation
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.
Category Overview
There are 887 funds in the US Equities category, with an average ALTAR Score™
of 5.8% and a standard deviation of
2.7%. CCSO's ALTAR Score™ is approximately
1.3 standard deviations
below
the category average. This places CCSO in the 10st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
CCSO
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
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Today's Trading
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Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
CCSO | 35.0 | 48.4 | 83.4 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .