CNIC ICE U.S. Carbon Neutral Power Futures Index ETF
AMPD
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 234 West Florida Street Milwaukee WI United States of America 53204
- IPO Date
- May 19, 2023
- Website
- cnicfundsetfs.com
- Similar Companies
- Business
- CNIC ICE U.S. Carbon Neutral Power Futures Index ETF (AMPD) is an exchange-traded fund that seeks to track the total return performance, before fees and expenses, of the ICE U.S. Carbon Neutral Power Futures Index (ICECNPIT) through investments in liquid U.S. electricity futures contracts and carbon allowance futures. The index combines the next 12 months of electricity futures from six major U.S. power pools—including SP15 (PJM), ERCOT North 345, NYISO Zone G, ISONE HB, MISO Indiana RT Peak, and CAISO—weighted by average annual load in megawatt hours; it incorporates sufficient carbon allowance futures, such as California Carbon Allowance (CDBZ24) and RGGI (RJOZ24), to offset emissions from associated electricity generation based on independently sourced data. The fund employs a representative sampling approach, including highly correlated futures not in the index, supplemented by cash equivalents like First American Government Obligations Fund; it maintains an expense ratio of 0.95% and operates as a non-diversified vehicle with exposure via a Cayman Islands subsidiary for certain derivatives. Launched on May 18, 2023, and listed on the NYSE Arca (CUSIP: 88636J808), the ETF is managed under Tidal Trust II by Tidal Investments LLC, with Tidal Financial Group as launch and structure partner, and distributed by Foreside Fund Services, LLC. The fund targets investors seeking exposure to the U.S. electricity market on a carbon-neutral basis, focusing on commodities in the energy sector, particularly electricity and emissions allowances from cap-and-trade systems; its portfolio as of September 2024 reflects holdings across day-ahead peak futures from key independent system operators (ISOs) and real-time peak contracts, with net assets around $4 million and approximately 200,000 shares outstanding. Geographically, operations center on U.S. power markets nationwide, with headquarters aligned to Tidal Investments in the United States. Recent developments include a dividend declaration with an ex-date of December 23, 2024, yielding approximately 3.24% annually based on a $0.70 payout, alongside ongoing portfolio adjustments to futures rollovers amid volatile energy prices; the fund has navigated performance challenges, posting a since-inception annualized return of -12.33% as of August 2024 (NAV), with year-to-date declines of -8.33%, while maintaining liquidity through its primary NYSE listing and median 30-day bid-ask spread of 0.53%. No major acquisitions, funding rounds, partnerships, or strategic reorganizations have been announced in the past 1-2 years, though it continues active management under CFTC commodity pool regulations to mitigate rolling futures, illiquidity, and volatility risks inherent to carbon-neutral power exposure.