CCSB

Short Duration Green Bond ETF

CCSB is an actively managed green bond ETF that seeks to provide investors with market rate returns with daily liquidity and quantifiable carbon impact. CCSB is managed by Carbon Collective and Artesian Capital Management.

CCSB

Short Duration Green Bond ETF

CCSB, a partnership between Carbon Collective and Artesian Investing, is an actively managed exchange traded fund that invests in investment grade corporate green bonds with a 0 – 5 year duration.

Why invest in CCSB?

01

Quantifiable Carbon Impact

The ETF targets a minimum average of 400 tons of CO2e avoided per $1m invested.

02

Less Duration Risk

Exposure to and yield from investment Grade Corporate Green Bonds with lower  interest rate risk than other green bond options.

03

Deep Management Experience

The Artesian team has been managing global fixed income portfolios for over 35 years and green bonds since 2013.

01

Quantifiable Impact

The fund targets a minimum of 400 tons of CO2e avoided per $1m invested.

02

Less Duration Risk

Get exposure to green bonds without the interest rate risk of other green bond options.

03

Deep Management Experience

Artesian team has been actively managing green bond portfolios since 2013.

Fund Details

Name value date
30-Day SEC Yield 0.62 04/30/2024

* The 30-Day Yield represents net investment income earned by the Fund over the 30-Day period ended on the date indicated by the Yield, expressed as an annual percentage rate based on the Fund’s share price at the end of the 30-Day period. The 30-Day unsubsidized SEC Yield does not reflect any fee waivers/reimbursements/limits in effect.

Fund Data & Pricing

Name
05/23/2024
Name value
Net Assets $10.08m
NAV $20.15
Shares Outstanding 500,000.00
Premium/discount Percentage 0.20%
Closing Price $20.19
Median 30 Day Spread 0.35%
*30 Day Median Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.

Fund Details

Name value date
30-Day SEC Yield 0.62 04/30/2024

* The 30-Day Yield represents net investment income earned by the Fund over the 30-Day period ended on the date indicated by the Yield, expressed as an annual percentage rate based on the Fund’s share price at the end of the 30-Day period. The 30-Day unsubsidized SEC Yield does not reflect any fee waivers/reimbursements/limits in effect.

Fund Data & Pricing

Name
05/23/2024
Name value
Net Assets $10.08m
NAV $20.15
Shares Outstanding 500,000.00
Premium/discount Percentage 0.20%
Closing Price $20.19
Median 30 Day Spread 0.35%
*30 Day Median Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.

Reports

Name value date
30-Day SEC Yield 0.62 04/30/2024

Performance

The performance data quoted above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted above. Performance current to the most recent month-end can be obtained by calling (833)-794-0140.

Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on historical returns. Returns beyond 1 year are annualized.

A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The market price is the most recent price at which the fund was traded.

The fund actively rotates between long-tern US treasuries and high yield corporate bonds on a weekly basis based on a proprietary signal that considers the relative performance of large cap US equities and US utilities equities. The fund is composed of US-listed ETF securities.

Top 10 Holdings

Name
05/24/2024
Name
05/24/2024

Holdings are subject to change without notice.

Date Account Name Name CUSIP Shares Price Market Value Weightings NetAssets SharesOutstanding CreationUnits MoneyMarketFlag
24/05/2024 CCSB 00130HCE3 AES Corp/The 1.375% 01/15/2026 00130HCE3 1,500,000 93.26 1,398,909.68 13.89% 10,075,150 500,000 20
24/05/2024 CCSB 05351WAB9 Avangrid Inc 3.8% 06/01/2029 05351WAB9 500,000 92.18 460,896.63 4.58% 10,075,150 500,000 20
24/05/2024 CCSB 06051GKE8 Bank of America Corp 1.53% 12/06/2025 06051GKE8 500,000 97.77 488,839.90 4.85% 10,075,150 500,000 20
24/05/2024 CCSB 0641596E1 Bank of Nova Scotia/The 0.65% 07/31/2024 0641596E1 400,000 99.13 396,523.89 3.94% 10,075,150 500,000 20
24/05/2024 CCSB 29444UBL9 Equinix Inc 1.55% 03/15/2028 29444UBL9 500,000 86.90 434,505.71 4.31% 10,075,150 500,000 20
24/05/2024 CCSB 38141GXS8 Goldman Sachs Group Inc/The 0.855% 02/12/2026 38141GXS8 500,000 96.52 482,619.48 4.79% 10,075,150 500,000 20
24/05/2024 CCSB 41135WAB7 Hanwha Energy USA Holdings Corp 4.125% 07/05/2025 41135WAB7 400,000 98.25 393,016.97 3.90% 10,075,150 500,000 20
24/05/2024 CCSB 418751AE3 HAT Holdings I LLC / HAT Holdings II LLC 3.375% 06/15/2026 418751AE3 500,000 94.61 473,068.15 4.70% 10,075,150 500,000 20
24/05/2024 CCSB 438127AA0 Honda Motor Co Ltd 2.271% 03/10/2025 438127AA0 500,000 97.54 487,712.51 4.84% 10,075,150 500,000 20
24/05/2024 CCSB 466313AM5 Jabil Inc 4.25% 05/15/2027 466313AM5 500,000 96.27 481,329.44 4.78% 10,075,150 500,000 20
24/05/2024 CCSB 46647PCM6 JPMorgan Chase & Co 0.768% 08/09/2025 46647PCM6 500,000 98.95 494,764.61 4.91% 10,075,150 500,000 20
24/05/2024 CCSB 50205MAA7 LG Energy Solution Ltd 5.625% 09/25/2026 50205MAA7 400,000 99.82 399,277.58 3.96% 10,075,150 500,000 20
24/05/2024 CCSB 693475BL8 PNC Financial Services Group Inc/The 4.758% 01/26/2027 693475BL8 500,000 98.73 493,659.91 4.90% 10,075,150 500,000 20
24/05/2024 CCSB 80282KBE5 Santander Holdings USA Inc 5.807% 09/09/2026 80282KBE5 500,000 99.39 496,933.95 4.93% 10,075,150 500,000 20
24/05/2024 CCSB 835495AM4 Sonoco Products Co 1.8% 02/01/2025 835495AM4 500,000 97.23 486,157.61 4.83% 10,075,150 500,000 20
24/05/2024 CCSB 843646AW0 Southern Power Co 0.9% 01/15/2026 843646AW0 500,000 92.76 463,823.67 4.60% 10,075,150 500,000 20
24/05/2024 CCSB 857477BX0 State Street Corp 5.751% 11/04/2026 857477BX0 450,000 100.35 451,563.75 4.48% 10,075,150 500,000 20
24/05/2024 CCSB FGXXX First American Government Obligations Fund 12/01/2031 31846V336 2,614,692 100.00 2,614,692.10 25.95% 10,075,150 500,000 20 Y
24/05/2024 CCSB Cash&Other Cash & Other Cash&Other -1,324,058 1.00 -1,324,058.88 -13.14% 10,075,150 500,000 20 Y

Purchase

The Fund (CCSB) is available through various channels including via phone (833) 794-0140, broker-dealers, investment advisers, and other financial services firms, including:

This Fund is not affiliated with these financial service firms. Their listing should not be viewed as a recommendation or endorsement.

Distribution Detail

The performance data quoted above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate.

Distribution Detail

The performance data quoted above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate.

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