TAN

Invesco Solar ETF
C

33
*Unless otherwise stated, data provided by FactSet.

TAN Fund Description

TAN tracks an index of solar energy companies selected based on the relative importance of solar power to the company's business model.

TAN Factset Analytics Insight

TAN offers a unique and popular 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 covered by our benchmark. It adjusts each company's weight in an attempt to boost exposure to "pure-play" companies and underweight "non-pure-play" companies, based on revenues from solar-related activity. The resulting portfolio is very concentrated, holding just a handful of names. TAN overweights the US and especially China, and favors smaller firms. TAN offers adequate liquidity, though spreads are generally significant. The underlying basket is lacking in liquidity, however, and creations and redemption could cause prices to move. TAN charges a pretty steep fee, though strong short interest in solar stocks has often allowed the ETF to earn enough from lending out its securities to pay back its fee several times over. Lending income has been highly variable though, so investors holding onto TAN will have a wild ride ahead of them.

TAN MSCI ESG Analytics Insight

Invesco Solar ETF has an MSCI ESG Fund Rating of BBB based on a score of 4.74 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 35th percentile within its peer group and in the 41st 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 CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 08/19/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
TAN 3.61% 15.32% 60.70% 42.36% 14.14% -4.71% -8.14%
TAN (NAV) 5.77% 21.22% 64.36% 45.99% 15.11% -4.78% -7.33%
MAC Global Solar Energy (TR) 5.80% 21.05% 65.33% 43.51% 13.18% -7.42% -7.33%
Thomson Reuters Global Renewable Energy -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

TAN Summary Data

Invesco
04/15/08
Open-Ended Fund
0.70%
$443.10M
$7.60M
0.13%

TAN Portfolio Data

$2.28B
-73.13
1.64
0.43%
12/23/19
23

TAN Index Data

MAC Global Solar Energy (TR)
Tiered
Revenue
Thomson Reuters Global Renewable Energy

TAN Portfolio Management

0.70%
1.68%
2.48%
-0.16%

TAN Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

TAN Fund Structure

Open-Ended Fund
No
Yes
100% / 0%
N/A
N/A
Low
Daily
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

TAN Factset Analytics Block Liquidity

As of 08/20/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of TAN. TAN is rated a 2 out of 5.

TAN Tradability

259,946
$7.60M
227,228
$6.46M
0.13%
$0.04
-0.05%
1.19% / -0.94%
None
72.00%
80,000
2.84
0.02%
3.46%
11,302
$30.61
2

TAN Sector/Industry Breakdown


TAN
Segment Benchmark
61.72%
97.25%
14.98%
--
12.60%
--
4.27%
--
3.51%
--
2.92%
--

TAN TOP 10 HOLDINGS[View All]

6.49%
4.51%
4.23%
64.13%

TAN Countries


TAN
Segment Benchmark
56.58%
32.49%
18.67%
7.70%
7.32%
--
7.19%
1.48%
4.02%
1.94%
3.30%
8.22%
2.92%
--
--
1.45%
--
0.25%
--
1.31%

TAN Regions


TAN
Segment Benchmark
56.58%
33.95%
25.86%
13.75%
17.56%
52.31%

TAN Economic Development


TAN
Segment Benchmark
92.81%
97.24%
7.19%
2.76%

TAN Performance Statistics

0.51
0.86
0.63
0.74
1.09%
Thomson Reuters Global Renewable Energy

TAN MSCI ESG Ratings

BBB
4.74 / 10
41.06
34.83
--
64.69%
180.41

TAN BENCHMARK COMPARISON HOLDINGS

23
32
9
34.03%

TAN BENCHMARK COMPARISON SUMMARY


TAN
Segment Benchmark
23
32
$2.28B
$9.70B
-73.13
109.86
1.64
2.52
1.14%
0.88%
High
High

TAN BENCHMARK COMPARISON MARKET CAP SIZE


TAN
Segment Benchmark
0.00%
40.52%
28.30%
29.94%
65.27%
24.38%
6.43%
5.16%