TANInvesco Solar ETF
TAN Fund Description
TAN tracks an index of global solar energy companies selected based on the revenue generated from solar related business.
TAN Factset Analytics Insight
TAN offers a unique take on renewable energy, holding a concentrated portfolio of companies involved in the solar energy industry, thus cutting out much of the broader renewable energy market. The fund’s selection universe begins with global solar energy companies of all caps including all solar technologies (crystalline and thin-film photovoltaic solar and solar thermal), the entire value chain (raw materials, installers, to financing), and related solar equipment (power inverters and encapsulates).These eligible companies are then categorized into two groups: pure-play or medium-play stocks. Pure-play companies consider solar industry as their primary business wherein they generate more than two-thirds of their revenue from. Medium-play companies cover those with multiple business industries but still are generating more than one-third of their revenue from solar related business. The fund’s weighting scheme attempts to boost exposure to pure-play companies and therefore underweights the medium-play group. Index constituents are rebalanced quarterly.
TAN MSCI ESG Analytics Insight
Invesco Solar ETF has an MSCI ESG Fund Rating of AA based on a score of 7.07 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. Invesco Solar ETF ranks in the 69th percentile within its peer group and in the 37th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
TAN 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.
TAN Summary Data
TAN Portfolio Data
TAN Index Data
TAN Portfolio Management
TAN Tax Exposures
TAN Fund Structure
TAN Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of TAN. TAN is rated a 5 out of 5.
TAN Sector/Industry Breakdown
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TAN Performance Statistics
TAN MSCI ESG Ratings
TAN Benchmark Comparison Summary
TAN Benchmark Comparison Market Cap Size