Equity | Sector Equity

Invesco Solar ETF

Ticker: TAN

Product Details

The Invesco Solar ETF (Fund) is based on the MAC Global Solar Energy Index (Index). The Fund will invest at least 90% of its total assets in the securities, American depositary receipts (ADRs) and global depositary receipts (GDRs) that comprise the Index. The Index is comprised of companies in the solar energy industry. The index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are rebalanced quarterly.

as of 11/30/2023 09/30/2023

Performance

Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
MAC Global Solar Energy Index -36.96 -44.48 -18.71 16.63 1.36 -10.01
MSCI World Growth Net Return Index (USD) 31.16 23.15 5.69 13.26 10.72 8.61
MSCI World Index 17.99 12.98 7.04 9.97 8.31 6.85
Fund History (%)
Fund NAV -37.35 -45.11 -18.45 17.16 2.98 -8.58
After Tax Held -37.35 -45.11 -18.45 17.06 2.43 -9.24
After Tax Sold -22.11 -26.71 -13.32 13.88 1.99 -5.55
Fund Market Price -37.16 -45.37 -18.40 17.12 3.01 -8.58
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
MAC Global Solar Energy Index -28.54 -29.00 -7.18 19.96 3.92 -9.38
MSCI World Growth Net Return Index (USD) 20.86 26.57 5.28 9.42 10.40 8.13
MSCI World Index 11.10 21.95 8.08 7.26 8.26 6.51
Fund History (%)
Fund NAV -28.95 -29.48 -6.89 20.37 5.59 -7.93
After Tax Held -28.95 -29.48 -6.90 20.27 5.03 -8.60
After Tax Sold -17.14 -17.45 -5.16 16.63 4.11 -5.28
Fund Market Price -29.02 -29.55 -7.23 20.38 5.45 -7.95

Market returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Performance data quoted represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than performance data quoted. After-tax returns reflect the highest federal income tax rate but exclude state and local taxes. Fund performance reflects applicable fee waivers, absent which, performance data quoted would have been lower. After Tax Held and After Tax Sold are based on NAV. Returns less than one year are cumulative.

As the result of a reorganization on May 18, 2018, the returns presented reflect performance of the Guggenheim predecessor fund. Invesco is not affiliated with Guggenheim.

as of 09/30/2023

Growth of $10,000

Data beginning 10 years prior to the ending date of 09/30/2023. Fund performance shown at NAV.

An investor cannot invest directly in an index. The results assume that no cash was added to or assets withdrawn from the Index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.

as of 12/08/2023

Sector Allocation

Sector Percent of Fund
Information Technology 52.82%
Utilities 23.92%
Industrials 15.65%
Financials 4.69%
Materials 2.79%
Cash 0.13%
as of 12/08/2023

Top Country Allocation

Country Percentage
United States 50.67%
China 17.50%
Germany 6.13%
Spain 5.65%
Israel 4.30%
Taiwan 3.16%
South Korea 2.84%
Canada 2.34%
France 2.10%
Switzerland 2.07%
as of 12/06/2023

Market Cap & Style Allocations

Large-Cap Value 2.98%
Large-Cap Blend 11.74%
Large-Cap Growth -
Mid-Cap Value 0.80%
Mid-Cap Blend 1.53%
Mid-Cap Growth 24.49%
Small-Cap Value 14.29%
Small-Cap Blend 6.74%
Small-Cap Growth 37.43%

as of 12/08/2023 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
ENPH Enphase Energy Inc 10.42
FSLR First Solar Inc 9.65
SEDG SolarEdge Technologies Inc 6.40
RUN Sunrun Inc 5.64
3800 HK GCL Technology Holdings Ltd 4.87
HASI Hannon Armstrong Sustainable Infrastructure Capital Inc 4.69
968 HK Xinyi Solar Holdings Ltd 4.40
ARRY Array Technologies Inc 4.23
SHLS Shoals Technologies Group Inc 3.99
ECV Encavis AG 3.79
The characterizations of distributions reflected in this table are as of the date noted below. The actual amounts of income, capital gains and return of capital for tax purposes are only determined after the Fund’s fiscal year end, and may differ from the amounts and characterizations reflected in the chart below. Please refer to the Tax Center for the most current and/or final characterizations of these distributions, including any distributions characterized as return of capital.

Distributions | Hide View All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital Liquidation Distribution
12/21/2020 12/22/2020 12/31/2020 0.09224 0.09224 - - - -
12/23/2019 12/24/2019 12/31/2019 0.09081 0.09081 - - - -
12/24/2018 12/26/2018 12/31/2018 0.12879 0.12879 - - - -
12/26/2017 12/27/2017 12/29/2017 0.44490 0.44490 - - - -
12/23/2016 12/28/2016 12/30/2016 0.83490 0.83490 - - - -
12/24/2015 12/29/2015 12/31/2015 0.49020 0.49020 - - - -
12/24/2014 12/29/2014 12/31/2014 0.64000 0.64000 - - - -
12/24/2013 12/27/2013 12/31/2013 0.45100 0.45100 - - - -
12/24/2012 12/27/2012 12/31/2012 1.42400 1.42400 - - - -
12/23/2011 12/28/2011 12/30/2011 2.11000 2.11000 - - - -
12/27/2010 12/29/2010 12/31/2010 0.29000 0.29000 - - - -
12/24/2008 12/29/2008 12/31/2008 0.12000 0.12000 - - - -

Frequency Distribution of Discounts & Premiums

    Bid/Ask MidPoint Above NAV
Quarter
Ending
Days 0.00-
0.25%
0.26-
0.50%
0.51-
0.99%
1.00-
1.49%
1.50-
1.99%
≥2.00%
09/30/2023 63 19 7 1 0 0 0
06/30/2023 62 10 3 2 0 0 0
03/31/2023 62 17 7 1 0 0 0
12/31/2022 63 14 7 4 0 0 1
Year Ended 2022 251 50 35 17 2 1 1
    Bid/Ask Midpoint Below NAV
Quarter
Ending
Days 0.00-
0.25%
0.26-
0.50%
0.51-
0.99%
1.00-
1.49%
1.50-
1.99%
≥2.00%
09/30/2023 63 23 10 3 0 0 0
06/30/2023 62 29 17 1 0 0 0
03/31/2023 62 23 12 2 0 0 0
12/31/2022 63 15 11 11 0 0 0
Year Ended 2022 251 53 52 36 4 0 0

Fund Inception : 04/15/2008

Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Performance data quoted represents past performance, which is not a guarantee of future results.

Premiums/Discounts

Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Performance data quoted represents past performance, which is not a guarantee of future results.

 Risk & Other Information

Typically, security classifications used in calculating allocation tables are as of the last trading day of the previous month.

There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund’s return may not match the return of the Underlying Index. The Fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund.

Investments focused in a particular industry, such as solar, and sector, such as information technology, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

The Fund is non-diversified and may experience greater volatility than a more diversified investment.

The risks of investing in securities of foreign issuers, including emerging market issuers, can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues.

Stocks of small and mid-sized companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquid or restricted as to resale.

Stocks of micro-cap companies tend to involve substantially greater risks of loss and price fluctuations than more established companies.

The performance of an investment concentrated in issuers of a certain region or country is expected to be closely tied to conditions within that region and to be more volatile than more geographically diversified investments.

The Global Industry Classification Standard was developed by and is the exclusive property and a service mark of MSCI, Inc. and Standard & Poor's.

The MSCI World Index is an unmanaged index considered representative of stocks of developed countries. The index is computed using the net return, which withholds applicable taxes for non-resident investors.

The fund is not sponsored, endorsed, sold or promoted by MAC Indexing LLC ("licensor"). Licensor makes no representation or warranty, express or implied, regarding the advisability of investing in securities generally or in the fund particularly or the ability of the index to track general market performance. Licensor's only relationship to the licensee is the licensing of the index which is determined, composed and calculated by licensor without regard to the licensee or the product. Licensor has no obligation to take the needs of the licensee or the owners of the fund into consideration in determining & composing or calculating the index. Licensor shall not be liable to any person for any error in the index nor shall it be under any obligation to advise any person of any error therein.