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Morningstar

Global X CleanTech ETF CTEC

Morningstar Medalist Rating
Medalist Rating as of | See Global X Investment Hub

Morningstar’s Analysis CTEC

Will CTEC outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CTEC’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the CTEC management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of CTEC’s parent organization’s priorities and whether they’re in line with investors’ interests.

Despite People Pillar weakness and an Average Process Pillar, Global X CleanTech ETF gets enough right to retain its Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the least expensive fee quintile among peers. The strategy changed its peer group in October, moving from the Miscellaneous Sector category to the Global Small/ Mid Stock Morningstar Category.

by Morningstar Manager Research
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Portfolio Holdings CTEC

More CTEC Holdings
  • Current Portfolio Date
  • Equity Holdings 40
  • Bond Holdings 0
  • Other Holdings 1
  • % Assets in Top 10 Holdings 51.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Vestas Wind Systems A/S

9.08
5,414,744
Industrials

Enphase Energy Inc

6.42
3,827,890
Technology

First Solar Inc

6.14
3,661,765
Technology

Samsung SDI Co Ltd

5.40
3,223,026
Technology

Xinyi Solar Holdings Ltd

4.82
2,872,273
Technology

Johnson Matthey PLC

4.48
2,669,701
Basic Materials

Bloom Energy Corp Class A

3.94
2,350,934
Industrials

Fluence Energy Inc

3.84
2,289,341
Utilities

SolarEdge Technologies Inc

3.84
2,288,368
Technology

QuantumScape Corp Ordinary Shares - Class A

3.59
2,143,965
Consumer Cyclical