ICLN
iShares Global Clean Energy ETFICLN Fund Description
ICLN tracks a market-cap-weighted index of 30 of the most liquid companies involved in businesses related to clean energy.
ICLN Factset Analytics Insight
ICLN holds a portfolio of 'clean energy' companies, which it defines as those involved in the biofuels, ethanol, geothermal, hydroelectric, solar and wind industries. Aside from holding the companies that produce energy through these means, ICLN also holds companies that develop technology and equipment used in the process. The fund’s clean energy mandate is slightly different than our benchmark’s “renewable energy” focus which explains ICLN’s low Fit score without invalidating its approach. To hone in on the clean energy theme, ICLN takes large concentrated positions in about 30 companies. Costs are a mixed bag for ICLN: One-off trading costs, as represented by bid/ask spreads, are high while recurring yearly fees are one of the lowest in the segment. Preference to these will depend on time horizon.
ICLN MSCI ESG Analytics Insight
iShares Global Clean Energy ETF has an MSCI ESG Fund Rating of A based on a score of 6.90 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. iShares Global Clean Energy ETF ranks in the 86th percentile within its peer group and in the 83th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
ICLN MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
ICLN CHARTS AND PERFORMANCE
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ICLN Summary Data
ICLN Portfolio Data
ICLN Index Data
ICLN Portfolio Management
ICLN Tax Exposures
ICLN Fund Structure
ICLN Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of ICLN. ICLN is rated a 3 out of 5.
ICLN Tradability
ICLN Sector/Industry Breakdown
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ICLN TOP 10 HOLDINGS[View All]
ICLN Countries
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ICLN Regions
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ICLN Economic Development
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ICLN Performance Statistics
ICLN MSCI ESG Ratings
ICLN BENCHMARK COMPARISON SUMMARY
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ICLN BENCHMARK COMPARISON MARKET CAP SIZE
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