ETHO Etho Climate Leadership US ETF
Seeks to track, before fees and expenses, the Etho Climate Leadership Index, an index of more than 350 companies listed on the NYSE Arca stock exchange that have the smallest carbon footprint in their industries. The Index avoids fossil fuel companies and selects equities based primarily on an assessment of an equity’s carbon footprint. To build the Index, Etho Capital uses a positive selection methodology to review more than 5,000 of the most commonly traded public companies and identify the most carbon-efficient climate leaders in each industry. Using climate performance data from Trucost, Etho Capital ranks almost all public companies by carbon emissions per dollar invested and selects equities that are 50% more carbon efficient than their industry average into the ECLI’s holdings. All fossil fuel, tobacco, weapons and gambling companies are eliminated from the index. Finally, a screen is conducted based on environmental, social and governance performance data with expertise from NGO partners and input from global stakeholders.
$49.77 -0.11 (-0.22%)
As of 03/24/2023 10:06:46 EST IEX book CBOE book
ETF Information
Sponsor: ETF Managers Group
Category1: US Equity
Category2: Socially responsible
Category3: Multi-cap
Morningstar category: Mid-Cap Growth
Leverage factor: 1.00
Inception date: 11/19/2015
Index tracking method: Passive replication
Current yield: 0.90%
Historical average yield: 0.84%
Market cap: $167,101,685
Average volume: 6,376
Fees: 0.4500%
Index Information
Etho Climate Leadership Index
Index symbol: ETHOIndex
Provider: Solactive
Index weighting: Equal weighted
Index inception date: 11/01/2005
Backtesting data exists: No
Factors used to select securities: