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Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Invesco Solar ETF

TAN | ETF

$34.65

$1.28 B

0.14%

$0.05

0.67%

Vitals

YTD Return

-35.1%

1 yr return

-24.7%

3 Yr Avg Return

-29.3%

5 Yr Avg Return

5.0%

Net Assets

$1.28 B

Holdings in Top 10

82.7%

52 WEEK LOW AND HIGH

$34.0
$34.01
$54.22

Expenses

OPERATING FEES

Expense Ratio 0.67%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Invesco Solar ETF

TAN | ETF

$34.65

$1.28 B

0.14%

$0.05

0.67%

TAN - Profile

Distributions

  • YTD Total Return -35.1%
  • 3 Yr Annualized Total Return -29.3%
  • 5 Yr Annualized Total Return 5.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.05%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Invesco Solar ETF
  • Fund Family Name
    INVESCOETF
  • Inception Date
    Apr 15, 2008
  • Shares Outstanding
    31768000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Tony Seisser

Fund Description

The Fund will generally invest at least 90% of its total assets in the securities that comprise the Underlying Index.
Strictly in accordance with its guidelines and mandated procedures, MAC Indexing, LLC (the “Index Provider”), has contracted with S&P DJI Netherlands B.V. (a subsidiary of S&P Dow Jones Indices LLC or “S&P DJI”) to calculate and administer the Underlying Index, which seeks to track the performance of companies in global solar energy businesses. The universe of companies that are eligible for inclusion in the Underlying Index is determined by S&P DJI based on factors such as a company’s business description and its most recent reported revenue. The Underlying Index includes companies listed on exchanges in specified countries that derive at least one-third of their total revenues from business segments of the solar industry. S&P DJI identifies companies that place a degree of importance on solar business activities. Examples of solar business activities include, but are not limited to: (1) solar power equipment producers, including ancillary or enabling products such as tracking systems, inverters, batteries, or other solar energy storage systems; (2) suppliers of raw materials, components, or services to solar producers or developers; (3) companies that produce solar equipment fabrication systems; (4) companies involved in solar power system installation, development, integration, maintenance, or finance; (5)
companies that produce hydrogen using solar energy; (6) companies that provide solar-powered charging systems for electric vehicles or other electrical devices; (7) companies selling systems that use solar thermal energy to produce heat or electricity; and (8) companies that sell electricity derived from solar power.
In order to be eligible for inclusion in the Underlying Index, stocks must be listed on a primary exchange in one of the following countries: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, Luxembourg, the Netherlands, New Zealand, Norway, Portugal, Singapore, South Korea, Spain, Sweden, Switzerland, Taiwan, the United Kingdom, or the United States. Stocks must also meet certain exclusionary environmental, social, and governance (“ESG”) screens relating to a company's governance or its business activities or involvement, as determined by the Underlying Index methodology.
As of October 31, 2023, the Underlying Index was comprised of approximately 41 constituents, with market capitalizations that ranged from approximately $125 million to approximately $15.2 billion.
The Fund employs a “full replication” methodology in seeking to track the Underlying Index, meaning that the Fund generally invests in all of the securities comprising the Underlying Index in proportion to their weightings in the Underlying Index.
The Fund is “non-diversified” and therefore is not required to meet certain diversification requirements under the Investment Company Act of 1940, as amended (the “1940 Act”).
Concentration Policy. The Fund will concentrate its investments (i.e., invest more than 25% of the value of its net assets) in securities of issuers in any one industry or group of industries only to the extent that the Underlying Index reflects a concentration in that industry or group of industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries. As of August 31, 2023, the Fund had significant exposure to the information technology sector and the solar industry. The Fund’s portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time.
Read More

TAN - Performance

Return Ranking - Trailing

Period TAN Return Category Return Low Category Return High Rank in Category (%)
YTD -35.1% -35.1% 100.1% 100.00%
1 Yr -24.7% -29.5% 116.0% 94.12%
3 Yr -29.3%* -45.2% 22.2% 82.35%
5 Yr 5.0%* -26.0% 26.8% 62.50%
10 Yr 0.2%* -1.8% 16.7% 94.12%

* Annualized

Return Ranking - Calendar

Period TAN Return Category Return Low Category Return High Rank in Category (%)
2023 -26.9% -34.8% 38.7% 97.06%
2022 -5.2% -72.7% 8.2% 20.59%
2021 -25.1% -31.7% 27.4% 90.91%
2020 233.6% -29.0% 233.6% 3.13%
2019 66.0% -2.0% 66.0% 3.70%

Total Return Ranking - Trailing

Period TAN Return Category Return Low Category Return High Rank in Category (%)
YTD -35.1% -35.1% 100.1% 100.00%
1 Yr -24.7% -29.5% 116.0% 94.12%
3 Yr -29.3%* -45.2% 22.2% 82.35%
5 Yr 5.0%* -26.0% 26.8% 62.50%
10 Yr 0.2%* -1.8% 16.7% 94.12%

* Annualized

Total Return Ranking - Calendar

Period TAN Return Category Return Low Category Return High Rank in Category (%)
2023 -26.8% -33.0% 39.0% 97.06%
2022 -5.2% -72.7% 8.2% 26.47%
2021 -25.1% -31.7% 28.3% 90.91%
2020 233.9% -28.9% 233.9% 3.13%
2019 66.5% 0.4% 66.5% 3.70%

TAN - Holdings

Concentration Analysis

TAN Category Low Category High TAN % Rank
Net Assets 1.28 B 3.78 M 31.2 B 20.59%
Number of Holdings 40 20 389 73.53%
Net Assets in Top 10 838 M 2.31 M 5.86 B 14.71%
Weighting of Top 10 82.73% 11.2% 90.4% 5.88%

Top 10 Holdings

  1. Invesco Private Prime Fund 21.98%
  2. Enphase Energy, Inc. 10.86%
  3. First Solar, Inc. 9.29%
  4. Sunrun Inc. 8.49%
  5. Invesco Private Government Fund 8.37%
  6. Nextracker Inc., Class A 6.49%
  7. GCL Technology Holdings Ltd. 5.40%
  8. Encavis AG 4.36%
  9. HA Sustainable Infrastructure Capital, Inc. 3.75%
  10. Xinyi Solar Holdings Ltd. 3.75%

Asset Allocation

Weighting Return Low Return High TAN % Rank
Stocks 		100.07% 0.00% 101.10% 11.76%
Cash 		30.36% 0.00% 99.38% 14.71%
Preferred Stocks 		0.00% 0.00% 45.05% 85.29%
Other 		0.00% -7.62% 91.95% 79.41%
Convertible Bonds 		0.00% 0.00% 3.05% 81.82%
Bonds 		0.00% 0.00% 97.85% 79.41%

Stock Sector Breakdown

Weighting Return Low Return High TAN % Rank
Technology 		72.56% 0.00% 72.56% 4.00%
Utilities 		18.74% 0.00% 85.14% 28.00%
Industrials 		3.69% 0.00% 90.47% 64.00%
Basic Materials 		2.74% 0.00% 17.92% 40.00%
Real Estate 		2.27% 0.00% 16.54% 24.00%
Healthcare 		0.00% 0.00% 65.82% 84.00%
Financial Services 		0.00% 0.00% 95.51% 84.00%
Energy 		0.00% 0.00% 32.10% 84.00%
Communication Services 		0.00% 0.00% 16.38% 84.00%
Consumer Defense 		0.00% 0.00% 50.44% 84.00%
Consumer Cyclical 		0.00% 0.00% 34.19% 96.00%

Stock Geographic Breakdown

Weighting Return Low Return High TAN % Rank
US 		60.97% 0.00% 101.10% 32.35%
Non US 		39.10% 0.00% 82.82% 26.47%

TAN - Expenses

Operational Fees

TAN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.67% 0.41% 5.61% 64.71%
Management Fee 0.50% 0.25% 1.90% 38.24%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.19% 60.00%

Sales Fees

TAN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.25% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

TAN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TAN Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 124.00% 51.28%

TAN - Distributions

Dividend Yield Analysis

TAN Category Low Category High TAN % Rank
Dividend Yield 0.14% 0.00% 12.45% 61.76%

Dividend Distribution Analysis

TAN Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

TAN Category Low Category High TAN % Rank
Net Income Ratio -0.05% -2.66% 5.19% 58.82%

Capital Gain Distribution Analysis

TAN Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

TAN - Fund Manager Analysis

Managers

Tony Seisser

Start Date

Tenure

Tenure Rank

Apr 13, 2018

4.13

4.1%

Tony Seisser is a Vice President and Portfolio Manager of Invesco PowerShares Capital Management LLC since December 2013. Prior to joining the Adviser, he was employed by Guggenheim Funds Distributors, Inc. where he was a trader from 2010 to 2013. Prior to that, Mr. Seisser was a compliance investigator at the Chicago Board of Options Exchange and Chicago Futures Exchange from 2008 to 2010.

Peter Hubbard

Start Date

Tenure

Tenure Rank

Apr 13, 2018

4.13

4.1%

Peter Hubbard, Vice President and Director of Portfolio Management of the Invesco PowerShares Capital Management LLC. Mr. Hubbard has been a Portfolio Manager of the Adviser since June 2007 and has been associated with the Adviser since 2005. Prior to joining the Invesco PowerShares Capital Management LLC, Hubbard was a research analyst and trader for Ritchie Capital from September 2003 to May 2005.

Michael Jeanette

Start Date

Tenure

Tenure Rank

Apr 13, 2018

4.13

4.1%

Michael Jeanette, Senior Portfolio Manager of Invesco Capital Management LLC, has been associated with Invesco Capital Management LLC since 2008. Prior to joining Invesco Capital Management LLC, Mr. Jeanette was a trust advisor and GM of Chicago based Richard Lamb, LLC from 1998 to 2007.

Pratik Doshi

Start Date

Tenure

Tenure Rank

Dec 20, 2019

2.45

2.5%

Pratik Doshi is a Portfolio Manager of Invesco Capital Management. Mr. Doshi has been a Portfolio Manager of Invesco Capital Management since October 2019 and has been associated with Invesco Capital Management since 2018. Prior to joining Invesco Capital Management, Mr. Doshi was a business student in the MBA program at the University of Chicago from 2016 to 2018. From 2014 to 2016, he served as a Vice President at Bank of America, and from 2007 to 2014 he served as Assistant Vice President at Barclays Capital.

Tenure Analysis

Category Low Category High Category Average Category Mode
1.25 23.1 9.26 22.93

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