TAN
Invesco Solar ETFTAN 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 4.66 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 30th percentile within its peer group and in the 31st 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
-
1 Month
-
3 Months
-
YTD
-
1 Year
-
3 Years
-
5 Years
-
Max
-
1 Month
-
3 Months
-
YTD
-
1 Year
-
3 Years
-
5 Years
-
Max
-
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 2 out of 5.
TAN Tradability
TAN Sector/Industry Breakdown
TAN
TAN Top 10 Holdings[View All]
TAN Countries
TAN
TAN Regions
TAN
TAN Economic Development
TAN
TAN Performance Statistics
TAN MSCI ESG Ratings
TAN Benchmark Comparison Summary
TAN
TAN Benchmark Comparison Market Cap Size
TAN
The data and information contained herein is not intended to be investment or tax advice. A reference to a particular investment or security, a credit rating, or any observation concerning a security or investment provided in the ETF.com Service is not a recommendation to buy, sell, or hold such investment or security or to make any other investment decisions. You should not use such information for purposes of any actual transaction without consulting an investment or tax professional.
ETF.com DOES NOT TAKE RESPONSIBILITY FOR YOUR INVESTMENT OR OTHER ACTIONS NOR SHALL ETF.com HAVE ANY LIABILITY, CONTINGENT OR OTHERWISE, FOR THE ACCURACY, COMPLETENESS, TIMELINESS, OR CORRECT SEQUENCING OF ANY INFORMATION PROVIDED BY ETF.com OR FOR ANY DECISION MADE OR ACTION TAKEN BY YOU IN RELIANCE UPON SUCH INFORMATION OR ETF.com.
[ETF.com DOES NOT PROVIDE ANY RESEARCH OPINIONS.] ETF.com MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY OF THE INFORMATION, PRODUCTS OR SERVICES CONTAINED HEREIN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
Data provider:
Terms of Use
MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.