CHRG Profile
The
Element Ev Solar & Battery Materials Strategy ETF (CHRG) is an
exchange-traded fund that seeks to provide exposure to companies
involved in the production of materials and technology for the
renewable energy sector, specifically solar and battery technologies.
The ETF is managed by the asset management firm, Element Advisors.
It was launched on December 15, 2020, and has an expense ratio of
0.45%.
CHRG seeks to track the performance of the Tematica
Research EV & Next Generation Battery Index. This index uses a
proprietary thematic approach to identify and invest in companies
involved in the production of materials and technology used in
renewable energy sources, primarily solar and battery technologies.
The ETF is made up of 42 holdings as of March 23, 2023, with the
top 10 holdings accounting for around 42% of the total assets. The
largest holdings of the ETF include Albemarle Corp, Livent Corp, and
Tesla Inc. The ETF has a significant focus on the materials sector
with a weight of around 70%. The remaining exposure is split between
consumer discretionary, energy, and industrials sectors.
Investing in CHRG provides investors with exposure to companies
operating in the renewable energy sector, specifically those involved
in solar and battery technologies. With the increasing demand for
renewable energy sources and the push towards carbon-neutral
economies, the sector is expected to grow over the long term. However,
the ETF is exposed to the risks associated with investing in a
specific sector, including changes in regulation, competition, and
technological ad
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