ETHO — Etho Climate Leadership U.S. ETF
Data updated: 2024-02-28
ETHO — Etho Climate Leadership U.S. ETF. United States Multi-Cap / All-Cap Blend / Core Equity · $183.83M AUM. Holdings, fees, performance and SEC filings.
ETHO Fund Overview
ETHO — Etho Climate Leadership U.S. ETF is a US ETF managed by ETF Managers Trust, categorised as United States Multi-Cap / All-Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: ETF Managers Trust
- Category: United States Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $183.83M
- 1-year return: 14.8%
- Ticker: ETHO
- SEC CIK: 0001467831
- SEC series ID: S000051348
- Share class ID: C000161883
ETHO Investment Objective and Strategy
Etho Climate Leadership U.S. ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by ETF Managers Trust.
Investment objective
The Etho Climate Leadership U.S. ETF (the Fund) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Etho Climate Leadership Index US (the Index).
Principal investment strategy
The Fund uses a passive or indexing approach to try to achieve the Funds investment objective. Unlike many investment companies, the Fund does not try to beat the Index and does not seek temporary defensive positions when markets decline or appear overvalued. The Etho Climate Leadership Index US The Index was created by Etho Capital, LLC (the Index Provider) and tracks the performance of the equity securities of a diversified set of U.S. companies that are leaders in their industry with respect to their carbon impact. Carbon impact is calculated based on the total greenhouse gas (GHG) emissions from a companys operations, fuel use, supply chain and business activities, divided by the companys market capitalization. The Index primarily includes each company with a carbon impact at least 50% better (i.e., lower) than the average carbon impact for a given companys industry (Carbon Leaders).
The Index generally excludes companies in industries or sub-industries or specific companies that are broadly associated with negative environmental, social, or corporate governance (ESG) profiles, as described below. The Index Provider created the Index to identify a diverse portfolio of companies with a carbon impact at least 50% better than commonly used broad-based securities indices. Construction of the Index begins with the universe of U.S. companies with a minimum market capitalization of $100 million. U.S. companies are defined as companies whose equity securities are principally listed and traded on a U.S. securities exchange and who either have their headquarters located in the U.S. or who derive at least 30% of their revenues from sales in the U.S. The carbon impact of each such company and its industry average is calculated by the Index Provider based on data provided by Trucost Plc.
The universe of U.S.-listed companies is then screened by the Index Provider to include only companies that are Carbon Leaders. The Index universe is further screened to generally exclude (i) all companies in the energy sector, (ii) all companies in the tobacco, aerospace and defense industries, and (iii) all companies in the gambling, gold and silver sub-industries. Additionally, the Index excludes certain companies generally considered by certain non-governmental organizations (NGOs) as having a negative environmental sustainability impact (e.g., due to deforestation activities) and includes certain companies identified by the Index Provider whose products produce sufficient downstream sustainability benefits to outweigh the companies exclusion based on the above criteria (e.g., solar panel manufacturers).
The Index is reconstituted annually in November. At the time of each reconstitution, the companies in the Index are equal weighted. The Index is calculated and maintained by Solactive AG, which is independent of the Index Provider, the Fund, its adviser, and distributor. Whenever possible, changes to the Index are publicly announced on the website of the Index Provider at www.solactive.com at least one trading day in advance of the actual change. The Index is not limited to a minimum or maximum number of constituents; rather, it includes all companies meeting the eligibility criteria for inclusion in the Index. The Index may include companies of any market capitalization, including small capitalization companies. The Index Provider anticipates that the Index will generally include between 350 and 430 companies.
As of January 17, 2018, the Index included the securities of 334 companies with minimum and maximum market capitalizations of $255 million and $911 billion, respectively. The Funds Principal Investment Strategies The Fund will use a replication strategy. A replication strategy is an indexing strategy that involves investing in the securities of the Index in approximately the same proportions as in the Index. However, the Fund may utilize a representative sampling strategy with respect to the Index when a replication strategy might be detrimental to shareholders, such as when there are practical difficulties or substantial costs involved in compiling a portfolio of equity securities to follow the Index, in instances in which a security in the Index becomes temporarily illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations (such as tax diversification requirements) that apply to the Fund but not the Index.
The Fund will invest at least 80% of its total assets in the component securities of the Index. As a result, under normal circumstances, the Fund will invest at least 80% of its total assets in U.S. companies that are leaders in their industry with respect to their carbon impact (the 80% Policy). Correlation: Correlation is the extent to which the values of different types of investments move in tandem with one another in response to changing economic and market conditions. An index is a theoretical financial calculation, while the Fund is an actual investment portfolio. The performance of the Fund and the Index may vary somewhat due to transaction costs, asset valuations, foreign currency valuations, market impact, corporate actions (such as mergers and spin-offs), legal restrictions or limitations, illiquid or unavailable securities, and timing variances.
The Funds investment adviser expects that, over time, the correlation between the Funds performance and that of the Index, before fees and expenses, will exceed 95%. A correlation percentage of 100% would indicate perfect correlation. If the Fund uses a replication strategy, it can be expected to have greater correlation to the Index than if it uses a representative sampling strategy. Industry Concentration Policy: The Fund will concentrate its investments ( i.e ., hold 25% or more of its net assets) in a particular industry or group of related industries to approximately the same extent that the Index is concentrated .
ETHO Holdings
Top 10 holdings of Etho Climate Leadership U.S. ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Mount Vernon Liquid Assets Portfolio, LLC | 18.57% |
| First American Government Obli | 1.23% |
| Telephone and Data Systems Inc | 0.65% |
| Lennox International Inc | 0.64% |
| NVIDIA Corp | 0.64% |
| Toll Brothers Inc | 0.62% |
| Williams-Sonoma Inc | 0.60% |
| Advanced Drainage Systems Inc | 0.60% |
| Splunk Inc | 0.57% |
| KB Home | 0.56% |
ETHO Portfolio Allocation
Asset-class allocation of Etho Climate Leadership U.S. ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.5% |
| Cash & Equivalents | 19.8% |
ETHO Performance
Total returns for ETHO (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 14.8% |
| 3 years (annualised) | 2.8% |
ETHO Risk Information
Risk metrics for ETHO, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 20.9%
ETHO Costs and Fees
ETHO costs about $45 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.45%
- Gross expense ratio: 0.45%
- Portfolio turnover: 30%
- Brokerage commissions: 3.82 bps of average net assets (SEC N-CEN)
ETHO Cashflows
Over the 12 months to 2023-12, Etho Climate Leadership U.S. ETF had net inflows of $22.83M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-12 | $2.58M |
| 2023-11 | $2.45M |
| 2023-10 | $2.45M |
| 2023-09 | $5.10M |
| 2023-08 | $0 |
| 2023-07 | $0 |
ETHO Debt Constituents
No individual debt constituents are reported in Etho Climate Leadership U.S. ETF's latest SEC N-PORT filing.
ETHO Prospectus and SEC Filings
Official Etho Climate Leadership U.S. ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-01-26
- Prospectus (485BPOS) — filed 2022-01-28
- Prospectus (485BPOS) — filed 2021-01-29
- Portfolio holdings (N-PORT) — filed 2024-02-28
- Portfolio holdings (N-PORT) — filed 2023-11-28
- Portfolio holdings (N-PORT) — filed 2023-08-25
- Annual census (N-CEN) — filed 2023-12-14
- Annual census (N-CEN) — filed 2022-12-15
Related Funds
Other United States Multi-Cap / All-Cap Blend / Core Equity 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.