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
33.2 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) | $33 |
| 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 +
| TESLA MOTORS INC | 6.5 % |
| QUANTA SERVICES INC | 5.7 % |
| JOHNSON CONTROLS INTERNATIONAL PLC | 5.4 % |
| CARRIER GLOBAL CORP. | 4.6 % |
| SOUTHERN COPPER CORP | 4.6 % |
| WASTE MANAGEMENT INC | 4.6 % |
| WASTE CONNECTIONS, INC. | 4.4 % |
| NUCOR CORP | 4.4 % |
| ZOOM VIDEO COMMUNICATIONS, INC. CLASS A | 3.1 % |
| LI AUTO, INC. SPONSORED ADR CLASS A | 3.1 % |
Constituent Breakdown
| Number of holdings | 161 |
| Herfindahl-Hirschman Index | 301 |
| Wgt avg mkt cap (mns) | $76,406 |
| Large cap (>$10bn) | 72.6% |
| Mid cap ($2-10bn) | 16.4% |
| Small cap (<$2bn) | 10.8% |
| Developed mkts. | 92.2% |
| Emerging mkts. | 7.8% |
Country Exposure
 |
UNITED STATES | 72.4 % |
 |
CANADA | 12.2 % |
 |
CHINA | 6.1 % |
 |
IRELAND | 5.4 % |
 |
ISRAEL | 0.9 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 0.7% | 21.2% | -- | -- | -- | -- | 1.6% | Volatility | 20.7% | 21.2% | 21.9% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.54 | 62% |
| MSCI EAFE | 1.37 | 57% |
| MSCI Emg Mkts | 1.50 | 68% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.46% |
| ADV of underlying (mns) | $21,716 |
Technical Indicators
| Recent close | $21.42 |
| 30d moving avg. | $20.56 |
| Annualized volatility | 26.1% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 1.0% |
| 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 |
|---|---|---|---|---|
| RNEW | VanEck Green Infrastructure ETF | 25.1% | +10 bp | -3.4% |
| SMOG | VanEck Low Carbon Energy ETF | 23.0% | +26 bp | +0.5% |
| QCLN | First Trust Nasdaq Clean Edge Green Energy Index Fund | 18.4% | +23 bp | -4.9% |
| PBW | Invesco WilderHill Clean Energy ETF | 17.1% | +31 bp | -15.2% |
| ACES | ALPS Clean Energy ETF | 16.2% | +20 bp | -6.2% |
| GRID | First Trust Nasdaq Clean Edge Smart GRID Infrastructure | 15.4% | +23 bp | +2.6% |
| ERTH | Invesco MSCI Sustainable Future ETF | 15.1% | +27 bp | +1.7% |
| XHB | SPDR S&P Homebuilders ETF | 14.2% | 0 bp | +8.0% |
| BATT | Amplify Lithium & Battery Technology ETF | 13.6% | +24 bp | -2.0% |
| GCLN | Goldman Sachs Bloomberg Clean Energy Equity ETF | 12.5% | +10 bp | +3.8% |
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 11/21/2024
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
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 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
1.9%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. CCSO's ALTAR Score™ is approximately
1.5 standard deviations
below
the category average. This places CCSO in the 7th 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 | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 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 | 46.3 | 81.3 |
| Peer Avg. | 56.8 | 23.7 | 80.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .