Change Finance U.S. Large Cap Fossil Fuel Free ETF

Data updated: 2022-03-30

C000193848 — Change Finance U.S. Large Cap Fossil Fuel Free ETF. Global (incl. US) Real Estate · $120.59M AUM. Holdings, fees, performance and SEC filings.

C000193848 Fund Overview

Change Finance U.S. Large Cap Fossil Fuel Free ETF is a US ETF managed by ETF Series Solutions, categorised as Global (incl. US) Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

Type: US ETF
Manager: ETF Series Solutions
Category: Global (incl. US) Real Estate
Assets under management: $120.59M
1-year return: 14.3%
SEC CIK: 0001540305
SEC series ID: S000059138
Share class ID: C000193848

C000193848 Investment Objective and Strategy

Change Finance U.S. Large Cap Fossil Fuel Free ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by ETF Series Solutions.

Investment objective

The Change Finance U.S. Large Cap Fossil Fuel Free ETF (the Fund) seeks to track the performance, before fees and expenses, of the Change Finance U.S. Large Cap Fossil Fuel Free Index (the Index).

Principal investment strategy

The Fund uses a passive management (or indexing) approach to track the performance, before fees and expenses, of the Index. Change Finance U.S. Large Cap Fossil Fuel Free Index The Index was developed by Change Finance, PBC, the Funds investment adviser and index provider (Change Finance or the Adviser), and uses an objective, rules-based methodology to measure the performance of an equal-weighted portfolio of approximately 100 large cap U.S.-listed companies that meet a diverse set of environmental, social, and governance (ESG) standards. Construction of the Index begins with the constituents of the Solactive US Large & Mid Cap Index (the Equity Universe), generally the 1,000 largest U.S.-listed common stocks and real estate investment trusts (REITs) . Companies in the Equity Universe are then screened against the Indexs ESG criteria based on scores provided by Oekom Research AG (Oekom), an independent Germany-based analyst firm that publishes sustainability ratings utilizing over 500 different criteria on more than 3,000 companies worldwide.

The Indexs ESG criteria include receiving a minimum Oekom score with respect to (i) whether a companys primary business is in a prohibited industry (e.g., oil, gas, coal, tobacco); (ii) whether a company is involved in producing goods in a controversial business area (e.g., fossil fuels, nuclear power, genetically modified organisms, military weapons, pesticides); (iii) whether a company has a history of controversial business practices relating to human rights, labor rights, environmental protection, or business malpractice (e.g., corruption, extreme tax avoidance); as well as (iv) standards and performance criteria related to environmental impacts (e.g., emissions, harmful chemicals in product portfolio, biodiversity management) and human impacts (e.g., hiring practices related to diversity, supply chain standards, health risk in product portfolio).

The remaining companies (the Eligible Companies) are then sorted by sector (e.g. healthcare, technology, consumer services) and ranked by their free-float market capitalization. At the time of each reconstitution of the Index, 100 companies are selected for inclusion in the Index and equal-weighted (i.e., each of the 100 companies receives a weight of 1%). The largest Eligible Companies in each sector are selected for inclusion in the Index such that the weight of each sector in the Index reflects the weight of such sector in the Solactive US Large Cap Index, generally the 500 largest U.S.-listed common stocks and REITs. For example, if the technology sector makes up 13.27% of the Solactive US Large Cap Index, the 13 largest technology Eligible Companies will be included in the Index with a total weight of 13%.

The Index is reconstituted quarterly after the close of trading on the 10th business day of each March, June, September, and December, utilizing data from the last business day of the month preceding the reconstitution. The Index was developed by the Adviser in 2017 in anticipation of the commencement of operations of the Fund. The Funds Investment Strategy The Fund attempts to invest all, or substantially all, of its assets in the component securities that make up the Index. Under normal circumstances, at least 80% of the Funds total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the Index. The Adviser expects that, over time, the correlation between the Funds performance and that of the Index, before fees and expenses, will be 95% or better.

The Fund will generally use a replication strategy to achieve its investment objective, meaning it generally will invest in all of the component securities of the Index in approximately the same proportion as in the Index. However, the Fund may use a representative sampling strategy, meaning it may invest in a sample of the securities in the Index whose risk, return and other characteristics closely resemble the risk, return and other characteristics of the Index as a whole, when the Funds sub-adviser believes it is in the best interests of the Fund (e.g., when replicating the Index involves practical difficulties or substantial costs, an Index constituent becomes temporarily illiquid, unavailable, or less liquid, or as a result of legal restrictions or limitations that apply to the Fund but not to the Index).

The Fund generally may invest up to 20% of its total assets (exclusive of any collateral held from securities lending) in securities or other investments not included in the Index, but which the Funds sub-adviser believes will help the Fund track the Index. For example, the Fund may invest in securities that are not components of the Index to reflect various corporate actions and other changes to the Index (such as reconstitutions, additions, and deletions). To the extent the Index concentrates (i.e., holds more than 25% of its total assets) in the securities of a particular industry or group of related industries, the Fund will concentrate its investments to approximately the same extent as the Index.

C000193848 Performance

Total returns for C000193848 (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	14.3%
3 years (annualised)	18.2%

C000193848 Risk Information

Risk metrics for C000193848, derived from monthly returns in SEC filings.

1-year volatility (annualised): 15.9%

C000193848 Costs and Fees

C000193848 costs about $49 per $10,000 invested per year in fund expenses.

Net expense ratio: 0.49%
Gross expense ratio: 0.49%
Portfolio turnover: 85%
Brokerage commissions: 4.08 bps of average net assets (SEC N-CEN)

C000193848 Cashflows

Over the 12 months to 2022-01, Change Finance U.S. Large Cap Fossil Fuel Free ETF had net inflows of $212.46M, from monthly SEC N-PORT filings.

Month	Net flow
2022-01	$21.18M
2021-12	$29.14M
2021-11	$6.99M
2021-10	$5.03M
2021-09	$54.17M
2021-08	$12.01M

C000193848 Debt Constituents

No individual debt constituents are reported in Change Finance U.S. Large Cap Fossil Fuel Free ETF's latest SEC N-PORT filing.

C000193848 Prospectus and SEC Filings

Official Change Finance U.S. Large Cap Fossil Fuel Free ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Global (incl. US) Real Estate funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.