CCSO
Carbon Collective Climate Solutions U.S. 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) | $20 |
| 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 +
| WASTE MANAGEMENT INC | 5.7 % |
| LI AUTO, INC. SPONSORED ADR CLASS A | 5.5 % |
| EATON CORP PLC | 5.5 % |
| SOUTHERN COPPER CORP | 5.1 % |
| NUCOR CORP | 5.1 % |
| JOHNSON CONTROLS INTERNATIONAL PLC | 4.9 % |
| CARRIER GLOBAL CORP. | 4.9 % |
| WASTE CONNECTIONS, INC. | 4.8 % |
| TESLA MOTORS INC | 4.7 % |
| QUANTA SERVICES INC | 3.9 % |
Constituent Breakdown
| Number of holdings | 158 |
| Herfindahl-Hirschman Index | 345 |
| Wgt avg mkt cap (mns) | $57,056 |
| Large cap (>$10bn) | 73.6% |
| Mid cap ($2-10bn) | 17.3% |
| Small cap (<$2bn) | 8.8% |
| Developed mkts. | 90.1% |
| Emerging mkts. | 9.9% |
Country Exposure
 |
UNITED STATES | 67.0 % |
 |
CANADA | 10.6 % |
 |
IRELAND | 10.5 % |
 |
CHINA | 10.1 % |
Historical Performance
Standardized Annual Returns (as of 11/30/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 3.7% | -- | -- | -- | -- | -- | -7.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.58 | 78% |
| MSCI EAFE | 1.37 | 59% |
| MSCI Emg Mkts | 1.36 | 68% |
Liquidity Measures
| Avg. volume (000) | 3 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.38% |
| ADV of underlying (mns) | $3,924 |
Technical Indicators
| Recent close | $18.09 |
| 30d moving avg. | $17.43 |
| Annualized volatility | 29.2% |
| Relative strength (RSI) | 43 |
| Short interest (ETF) | 0.4% |
| 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 |
|---|---|---|---|---|
| QCLN | First Trust Nasdaq Clean Edge Green Energy Index Fund | 19.8% | +23 bp | -3.7% |
| GRID | First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde | 19.3% | +23 bp | +2.4% |
| PBW | Invesco WilderHill Clean Energy ETF | 18.9% | +26 bp | -15.3% |
| ERTH | Invesco MSCI Sustainable Future ETF | 18.0% | +21 bp | +1.5% |
| ACES | ALPS Clean Energy ETF | 17.5% | +20 bp | -6.7% |
| MVPS | Amplify Thematic All-Stars ETF | 14.5% | +14 bp | -0.5% |
| PAVE | Global X U.S. Infrastructure Development ETF | 14.2% | +12 bp | +3.9% |
| ENRG | SoFi Smart Energy ETF | 14.1% | +24 bp | -4.8% |
| GSFP | Goldman Sachs Future Planet Equity ETF | 13.2% | +40 bp | +2.3% |
| BATT | Amplify Lithium & Battery Technology ETF | 13.1% | +24 bp | -0.6% |
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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 12/6/2023
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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
2.4%
Cat. Avg
6.1%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 2.4% |
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 896 funds in the US Equities category, with an average ALTAR Score™
of 6.1% and a standard deviation of
3.0%. CCSO's ALTAR Score™ is approximately
1.2 standard deviations
below
the category average. This places CCSO in the 11st 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 | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
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 | 37.8 | 72.8 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .