- Seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho Clean Power Index
- Seeks to track an index utilizing artificial intelligence and a quantitative weighting methodology to capture companies whose products and services are driving innovation behind the clean energy sector, which includes the areas of solar, wind, geothermal, and hydroelectric power
- Provides ETF investors an effective way to pursue long-term growth potential by investing in a portfolio of companies involved in the transition to lower emission generating power supply
The SPDR S&P Kensho Clean Power ETF (CNRG) is up almost 30% to start the year, and close to 200% within the past 12 months. A strong fund performance like that has to have strong holdings. One of its components, the SunPower Corporation, is up 700% within the past year.
SunPower is just one of the strong holdings in CNRG. The fund seeks to provide investment results that correspond generally to the total return performance of the S&P Kensho Clean Power Index.
Under normal market conditions, the fund generally invests at least 80% of its total assets in the securities comprising the index. The index is designed to capture companies whose products and services are driving innovation behind clean power.
The fund may invest in equity securities that are not included in the index, cash and cash equivalents, or money market instruments, such as repurchase agreements and money market funds. One of the highlights of CNRG is its low expense ratio (0.45%) relative to other funds within its category.
Here are some features of CNRG: