SPDR® Kensho Clean Power ETF (CNRG)

Overview

The SPDRu00ae Kensho Clean Power ETF (CNRG) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Kensho Clean Power Index. The fund invests in companies focused on clean power technologies, including solar, wind, and other renewable energy sources. It aims for long-term capital appreciation by tracking a technologically driven index.

Reputation and Reliability

State Street Global Advisors (SSGA) is a well-established and reputable ETF provider with a long track record in the market.

Management Expertise

SSGA has extensive experience in managing ETFs across various asset classes and investment strategies.

Goal

The ETF's goal is to provide investment results that correspond generally to the total return performance of the Kensho Clean Power Index.

Investment Approach and Strategy

Strategy: The ETF aims to track the Kensho Clean Power Index, a benchmark designed to capture companies driving innovation in the clean power sector.

Composition The ETF primarily holds stocks of companies involved in the clean power industry, including renewable energy, energy storage, and related technologies.

Market Share: Details of CNRG's market share in the clean energy ETF sector are not publicly and readily available.

Total Net Assets (AUM): 255498596

Key Competitors

• Invesco WilderHill Clean Energy ETF (PBW)
• iShares Global Clean Energy ETF (ICLN)
• First Trust NASDAQu00ae Clean Edgeu00ae Green Energy Index Fund (QCLN)

Competitive Landscape

The clean energy ETF market is competitive, with several funds offering exposure to the sector. CNRG differentiates itself through its Kensho index, which focuses on companies driving innovation using AI. Competitors, such as ICLN, have larger AUM and more global exposure, while others target different segments of the clean energy market. CNRG's technological focus could give it an edge in capturing future growth, but larger, more diversified funds may offer more stability.

Historical Performance: Historical financial performance data not readily available for direct inclusion, but can be retrieved from financial data providers.

Benchmark Comparison: Benchmark comparison data not readily available for direct inclusion, but can be retrieved from financial data providers.

Expense Ratio: 0.45

Average Trading Volume

The average trading volume of CNRG can vary but typically indicates moderate liquidity, allowing investors to buy and sell shares efficiently.

Bid-Ask Spread

The bid-ask spread for CNRG is generally tight, indicating reasonable trading costs for investors.

Market Environment Factors

Economic indicators such as interest rates, government policies promoting clean energy, and technological advancements in the sector influence CNRG. Growth in renewable energy adoption and concerns about climate change also drive investment in clean power.

Growth Trajectory

CNRG's growth trajectory is tied to the expansion of the clean energy sector and technological innovation. The ETF's strategy and holdings may be adjusted periodically to reflect changes in the Kensho Clean Power Index.

Competitive Edge

CNRGu2019s competitive advantage lies in its use of the Kensho Clean Power Index, which leverages artificial intelligence and machine learning to identify companies driving innovation in the clean power sector. This focus on technology and forward-looking companies distinguishes it from more traditional clean energy ETFs. CNRG aims to capture growth opportunities driven by technological advancements in renewable energy, energy storage, and related fields, potentially providing higher returns than broader sector funds. The focus helps in identifying companies driving innovation in clean power which can create value.

Volatility

CNRG is subject to market volatility, which is common in the clean energy sector, due to its exposure to growth-oriented companies and fluctuations in energy prices and government regulations.

Market Risk

Specific risks associated with CNRG's underlying assets include regulatory risks, technological obsolescence, and fluctuations in commodity prices related to renewable energy sources.

Ideal Investor Profile

The ideal investor for CNRG is one who is seeking long-term growth potential in the clean energy sector and is comfortable with moderate to high volatility.

Market Risk

CNRG is suitable for long-term investors who believe in the growth prospects of clean energy and are willing to accept potential short-term volatility.

The SPDRu00ae Kensho Clean Power ETF (CNRG) provides targeted exposure to innovative companies in the clean power sector through its unique Kensho Clean Power Index. CNRG aims to capture future growth potential with stocks driven by technological advancements in renewable energy. While CNRG is subjected to market volatility and regulatory risks, it is suitable for investors with long-term goals. CNRGu2019s expense ratio is 0.45% offering a cost-effective approach to accessing the clean energy market.

Data Sources:

• State Street Global Advisors
• ETF.com
• Bloomberg
• Yahoo Finance

Disclaimers:

The data provided is for informational purposes only and should not be considered investment advice. Investment decisions should be based on your own research and risk tolerance. Market share data may not be fully available or precisely accurate.