Key Highlights

  • Betashares Climate Change Innovation ETF (ASX:ERTH) manages a fund size of $81.25 million across 96 underlying companies.
  • Industrials form the largest sector weighting at 55.09 per cent, well above the category average of 11.53 per cent.
  • GS Acquisition Holdings Corp is the top holding at 6.78 per cent, ahead of ASML Holding and Bloom Energy.
  • The fund's latest distribution of $0.007 per unit was well below the $0.045 per unit paid in the prior comparable period, and its annual Yield was recorded at 0.00 per cent.

Betashares Climate Change Innovation ETF (ASX:ERTH) is an ASX-listed fund that tracks the Solactive Climate Change and Environmental Opportunities TR AUD index, targeting companies with Business activities connected to environmental and climate-related opportunities. The fund sits within the Equity World Large Growth Morningstar category, with a fund size of $81.25 million, 7,965,319 units on issue and a management fee of 0.65 per cent.

Sector Composition

ERTH's portfolio is weighted heavily toward industrials, which represent 55.09 per cent of the fund, compared with a category average of 11.53 per cent. Technology makes up 19.01 per cent, below the category's 33.44 per cent, while consumer cyclical accounts for 12.04 per cent, close to the category average of 12.17 per cent. Basic materials contribute 8.50 per cent, above the category's 2.16 per cent, and utilities make up 4.96 per cent. Financial services holds a marginal 0.39 per cent weighting, while the fund carries no allocation to healthcare, real estate, communication services or consumer defensive.

By market capitalisation, companies above $1 billion make up 81.28 per cent of the fund, below the category average of 97.41 per cent, while the $500 million to $1 billion range accounts for 12.96 per cent and holdings under $500 million represent 5.74 per cent, both notably above their respective category averages of 2.49 per cent and 0.10 per cent. The asset mix is 99.72 per cent equities and 0.27 per cent in other assets, with no cash or bond exposure.

Top Holdings

ERTH holds 96 companies, with its top 10 positions representing 44.74 per cent of the fund. GS Acquisition Holdings Corp is the largest holding at 6.78 per cent, followed by ASML Holding at 5.55 per cent and Bloom Energy at 5.42 per cent. ABB holds a 4.91 per cent weighting, Carrier Global 4.85 per cent, Ecolab 3.60 per cent, Waste Management 3.58 per cent, Waste Connections 3.42 per cent, Tesla 3.39 per cent and Compagnie de Saint-Gobain 3.19 per cent.

Geographic Exposure

The United States accounts for 52.40 per cent of the fund, below the category average of 63.45 per cent. Switzerland contributes 7.10 per cent, the Netherlands 5.95 per cent, France 4.45 per cent, Denmark 4.23 per cent, Canada 4.16 per cent, China 3.99 per cent, South Korea 3.79 per cent, Hong Kong 2.63 per cent and Japan 2.09 per cent.

Distribution and Risk Metrics

ERTH reported a Beta of 1.09 and a Standard Deviation of 15.85. The fund's most recent final distribution was $0.007 per unit, with an annual yield recorded at 0.00 per cent. This was considerably lower than the $0.045 per unit distributed in the prior comparable July period and below the $0.037 per unit paid in July 2024. The fund's ISIN is AU0000106049.

Conclusion

Betashares Climate Change Innovation ETF (ASX:ERTH) provides exposure to a broad set of 96 companies across industrials, technology and materials sectors connected to environmental and climate-related themes. Its portfolio carries a pronounced tilt toward smaller and mid-sized companies relative to its Morningstar category, and its most recent distribution declined sharply from the prior comparable period.