- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1 Iron Street Boston MA United States of America 2210
- IPO Date
- Oct 23, 2018
- Business
- SPDR S&P Kensho Clean Power ETF (CNRG) is an exchange-traded fund that 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. The fund tracks a tier-weighted index comprised of U.S.-listed equity securities, including depositary receipts, of companies domiciled across developed and emerging markets worldwide that are involved in clean power innovation; these include constituents from the S&P Kensho Cleantech Index, focused on manufacturing technologies and supply chain components for renewable energy sources such as solar, wind, hydroelectric, and geothermal power, and the S&P Kensho Clean Energy Index, covering generation, transmission, and related supply chain services for those sources. Key holdings encompass companies like Bloom Energy Corp., Eos Energy Enterprises Inc., Sunrun Inc., Daqo New Energy Corp., Fluence Energy Inc., SolarEdge Technologies Inc., Ameresco Inc., Shoals Technologies Group Inc., Ballard Power Systems Inc., and American Superconductor Corp., spanning sectors including electrical components and equipment, electric utilities, semiconductor materials, heavy electrical equipment, and construction and engineering. CNRG was launched on October 22, 2018, and is issued and managed by State Street Global Advisors, Inc., a subsidiary of State Street Corporation, headquartered in Boston, Massachusetts. The fund primarily targets institutional and retail investors seeking exposure to the clean power segment of the renewable energy industry, with geographic focus on U.S.-listed companies having primary weights in the United States (approximately 82%), followed by China, Canada, Brazil, and others. As of late 2025, assets under management stand at approximately $180-186 million, with a gross expense ratio of 0.45%, quarterly dividend distributions, and top country and sector allocations reflecting ongoing portfolio rebalancing pursuant to the index's annual reconstitution. Recent performance highlights include a year-to-date total return of around 40% as of September 30, 2025, driven by strong demand in clean energy amid growing electricity needs and policy tailwinds, though the fund maintains a forward P/E ratio below broader market multiples at approximately 20x; no major acquisitions, funding rounds, partnerships, or structural changes for the ETF itself have been reported in the last 1-2 years, with updates limited to standard index reconstitutions, holdings adjustments, and performance volatility tied to sector trends like the U.S. Inflation Reduction Act impacts.