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Global X Carbon Credits ETF

CARB

Reasons to Consider CARB

Carbon Credit Exposure

Canada’s first ETF that provides exposure to carbon credits through futures contracts or derivative instruments

Tax-Efficient

CARB is held in our innovative corporate class ETF structure, so all returns from CARB are anticipated to be taxed as capital gains as opposed to income from derivatives.

Portfolio Diversification

CARB offers investors exposure to the carbon credit asset class through one ETF, investing in carbon credit futures from developed markets that provide such opportunities.

Investment Objective

CARB seeks to replicate, to the extent possible and net of expenses, the performance of an index that seeks to provide exposure to investments in cap-and-trade carbon allowances. Currently, the ETF seeks to replicate the performance of the Horizons Carbon Credits Rolling Futures Index (Excess Return), net of expenses.

CARB seeks to hedge any non-Canadian dollar portfolio exposure back to the Canadian dollar at all times. As a result, the returns of the ETF are expected to differ from those of the of its Underlying Index, which does not include currency hedging.

NAV

$7.62

$-0.0742

-0.96%

Volume

100

Price

$7.76

$-0.07

-0.89%

Last Close

$7.83

Prices delayed by 15 minutes.

Last Trade: May 30, 2024
Alternatives
Commodities
Energy
Commodities
Corporate Class

Risk Rating:

High

Product Details

Fund Details

Ticker

CARB

CUSIP

379945108

Inception Date

February 9, 2022

Net Assets

$3,808,927 As at May 29, 2024

Consolidated Prior Day Volume

14

Average Daily Trading Volume Over a 12 Month Period

1,684

Exchange

Toronto Stock Exchange

Investment Manager

Global X Investments Canada Inc.

Eligibility

All Registered and Non-Registered Investment Accounts

Bloomberg Index Ticker

CARBCNER

Management Fee

0.75% (Plus applicable sales tax)

Management Expense Ratio

0.91% As at December 31, 2023

Trading Expense Ratio

0.14% As at December 31, 2023

Currency

CAD

Currency Hedging

Seeks to hedge any non-Canadian dollar portfolio exposure back to the Canadian dollar at all times

LEI

5493004SG3VLAEU88P83

Price and NAV

As at May 29, 2024

NAV / Unit

$7.62

Closing Price

$7.68

Premium Discount

$0.06

Premium Discount Percentage

0.81%

Outstanding Shares

500,000

The NAV chart above only shows the historical daily net asset value per unit (NAV) of the ETF, and identifies the various distributions made by the ETF, if any. The distributions are not treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses. The chart is not a performance chart and is not indicative of future NAV values which will vary.

The Growth of 10K chart above is based on the historical daily net asset value per unit (NAV) of the ETF, and represents the value of an initial investment into the ETF of $10,000 since its inception, on a total return basis. Distributions, if any, are treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses where paid by the fund. The chart is not a performance chart and is not indicative of future value which will vary.

Annualized Performance (%)

dates

1 mo 3 mo 6 mo YTD 1 yr 3 yr 5 yr 10 yr SIR*
Global X Carbon Credits ETF 11.06 7.53 -18.52 -16.22 -25.35 - - - -14.54
Horizons Carbon Credits Rolling Futures Index 10.87 6.80 -17.43 -14.74 -25.27 - - - -15.35

*Fund performance since inception on February 9, 2022, as at April 30, 2024

Calendar Year Performance (%)

dates

2016 2017 2018 2019 2020 2021 2022 2023
Global X Carbon Credits ETF - - - - - - - -6.45
Horizons Carbon Credits Rolling Futures Index - - - - - - - -8.83

Top Holdings

As at March 31, 2024

ICE ECX EMISSION (ICE) DEC 24

MOZ24 COMDTY

L

99.52%

OTHER ASSETS AND LIABILITIES

L

0.48%

Holdings are subject to change.

Commissions, management fees, and expenses all may be associated with an investment in products (the "Global X Funds") managed by Global X Investments Canada Inc. The Global X Funds are not guaranteed, their values change frequently and past performance may not be repeated. Certain Global X Funds may have exposure to leveraged investment techniques that magnify gains and losses which may result in greater volatility in value and could be subject to aggressive investment risk and price volatility risk. Such risks are described in the prospectus. The Global X Money Market Funds are not covered by the Canada Deposit Insurance Corporation, the Federal Deposit Insurance Corporation, or any other government deposit insurer. There can be no assurances that the money market fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the Funds will be returned to you. Past performance may not be repeated. The prospectus contains important detailed information about the Global X Funds. Please read the relevant prospectus before investing.

Global X Investments Canada Inc. ("Global X") is a wholly owned subsidiary of Mirae Asset Global Investments Co., Ltd. ("Mirae Asset"), the Korea-based asset management entity of Mirae Asset Financial Group. Global X is a corporation existing under the laws of Canada and is the manager, investment manager and trustee of the Global X Funds.

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