TAN - Invesco Solar ETF

Equity - Sector Equity

Product Details

The Invesco Solar ETF (the "Fund") is based on the MAC Global Solar Energy Index (the "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 02/29/2020 12/31/2019

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
MAC Global Solar Energy Stock Index 17.13 45.37 24.05 -2.45 -7.07 -14.68
MSCI World Index -9.01 4.63 7.24 5.88 8.75 5.45
Fund History (%)
Fund NAV 17.26 45.56 25.60 0.09 -4.63 -12.92
After Tax Held 17.26 45.39 25.12 -0.70 -5.69 -13.74
After Tax Sold 10.22 26.96 20.17 -0.39 -3.84 -7.94
Fund Market Price 16.77 44.85 25.40 -0.01 -4.60 -12.94
  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
MAC Global Solar Energy Stock Index 67.04 67.04 22.51 -2.89 -10.98 -16.02
MSCI World Index 27.67 27.67 12.57 8.74 9.47 6.39
Fund History (%)
Fund NAV 65.65 65.65 24.10 -0.32 -8.66 -14.26
After Tax Held 65.45 65.45 23.63 -1.10 -9.68 -15.08
After Tax Sold 38.87 38.87 18.96 -0.67 -6.26 -8.47
Fund Market Price 67.27 67.27 24.12 -0.17 -8.67 -14.25

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 12/31/2019

Growth of $10,000

Data beginning 10 years prior to the ending date of 12/31/2019. 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 04/03/2020

Sector Allocation

Sector Percent of Fund
Information Technology 54.58%
Utilities 37.18%
Industrials 5.15%
Real Estate 3.09%
as of 04/03/2020

Top Country Allocation

Country Percentage
United States 40.99%
China 25.44%
Spain 9.22%
Germany 8.66%
Norway 6.23%
France 4.88%
Canada 4.58%
as of 04/03/2020

Market Cap & Style Allocations

Large-Cap Value -
Large-Cap Blend 7.42%
Large-Cap Growth -
Mid-Cap Value 11.17%
Mid-Cap Blend 5.21%
Mid-Cap Growth 26.38%
Small-Cap Value 13.08%
Small-Cap Blend 17.08%
Small-Cap Growth 19.65%

as of 04/03/2020 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
FSLR First Solar Inc 8.59
SEDG SolarEdge Technologies Inc 7.54
968 Xinyi Solar Holdings Ltd 6.70
ENPH Enphase Energy Inc 6.66
SSO Scatec Solar ASA 6.23
CAP Encavis AG 5.05
NEOEN FP Neoen SA 4.88
3868 Xinyi Energy Holdings Ltd 4.75
TERP TerraForm Power Inc 4.71
SLR Solaria Energia y Medio Ambiente SA 4.63

Distributions | HideView All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital Liquidation Distribution
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%
12/31/2019 64 17 10 1 0 0 0
09/30/2019 64 16 14 3 2 0 0
06/30/2019 63 19 11 5 0 0 0
03/31/2019 61 19 14 2 0 0 0
Year Ended 2019 252 71 49 11 2 0 0
    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%
12/31/2019 64 22 11 3 0 0 0
09/30/2019 64 14 9 6 0 0 0
06/30/2019 63 18 6 3 1 0 0
03/31/2019 61 15 6 5 0 0 0
Year Ended 2019 252 69 32 17 1 0 0

Fund Inception : 04/15/2008

 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 sector, such as information technology and utlities, 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.

Depositary receipts involve many of the same risks as a direct investment in foreign securities, and issuers of certain depositary receipts are under no obligation to distribute shareholder communications to the holders or to pass through to them any voting rights with respect to the deposited securities.

The risks of investing in securities of foreign 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 value of energy stocks and their prices may fluctuate or decline significantly. Affects, include but are not limited to, obsolescence of existing technology, short product lifecycles, competition from new market entrants, general economic conditions, supply and demand, tax incentives, and subsidies and other government regulations and policies. Companies may be adversely affected by commodity price volatility, changes in exchange rates, imposition of import controls, availability of certain inputs and materials required for production, depletion of resources, technological developments and labor relations. Shares of companies involved in the solar energy sector have historically been more volatile than shares of companies operating in more established industries.

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.

as of 04/03/2020
4:15 PM EST

TAN
Intraday Stats

  • Last Trade $23.82
  • Current IIV $24.04
  • Change -$0.70
  • % Change -2.85%
as of 04/03/2020
  • NAV at market close $24.05
as of 04/03/2020

Fund Yield

  • SEC 30 Day Yield 0.79%
  • Distribution Rate 0.38%
  • 12 Month Distribution Rate 0.38%
  • 30-Day SEC Unsubsidized Yield
    as of 04/03/2020
    0.72%
as of 04/03/2020

Prior Close

  • Closing Price $24.52
  • Bid/Ask Midpoint $23.86
  • Bid/Ask Prem/Disc -$0.19
  • Bid/Ask Prem/Disc -0.79%
as of 12/31/2019

Fund Characteristics

  • Price/Earnings Ratio1 45.25
  • Forward Price/Earnings Ratio 19.28
  • Price/Book Ratio1 1.63
  • ROE2 41.50%
  • Avg Market Cap2 $2,626MM

1 Weighted Harmonic Average

2 Weighted Average

Source for Fund Characteristics calculations: FactSet

Fund Details

  • Fund Ticker TAN
  • CUSIP # 46138G706
  • ISIN US46138G7060
  • Intraday NAV TANIV
  • Index Ticker SUNIDX
  • Index Provider MAC Indexing, LLC
  • Management Fee 0.50%
  • Total Expense Ratio 0.71%
  • Marginable No
  • Short Selling No
  • Options No
  • Exchange NYSE Arca
  • Inception Date 04/15/2008
  • # of Holdings 23
    as of 04/03/2020
as of 04/03/2020

Quick Facts

  • Previous Close $24.52
  • Open $24.45
  • Today's High $24.58
  • Today's Low $23.58
  • Today's Volume 177,910
  • 648,513 30-Day Avg Trading
    Volume
  • 52 Week High $41.86
  • 52 Week Low $21.14
  • Shares Outstanding 16.57MM
  • Market Value $398.4MM