PBD vs. TAN ETF Comparison

Comparison of PowerShares Global Clean Energy Portfolio (PBD) to Invesco Solar ETF (TAN)

PBD

PowerShares Global Clean Energy Portfolio

PBD Description

The PowerShares Global Clean Energy Portfolio (Fund) is based on the WilderHill New Energy Global Innovation Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and American Depository Receipts (ADRs) based on the securities in the Index. The Index seeks to deliver capital appreciation and is composed of companies that focus on greener and generally renewable sources of energy and technologies facilitating cleaner energy. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$11.75

Average Daily Volume

37,013

Number of Holdings ^*

* may have additional holdings in another (foreign) market

TAN

Invesco Solar ETF

TAN Description

The investment seeks to track the investment results (before fees and expenses) of the MAC Global Solar Energy Index. The fund will generally invest at least 90% of its total assets in the securities (including American depositary receipts (?ADRs?)) that comprise the index. Strictly in accordance with its guidelines and mandated procedures, MAC Indexing LLC compiles, maintains, and calculates the index, which is designed to track the global solar energy equity sector. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.33

Average Daily Volume

1,192,581

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PBD	TAN
30 Days	-9.62%	-7.91%
60 Days	-12.37%	-15.57%
90 Days	-13.94%	-18.59%
12 Months	-16.44%	-25.40%

11 Overlapping Holdings

Symbol	Grade	Weight in PBD	Weight in TAN	Overlap
ARRY	F	1.19%	3.08%	1.19%
CSIQ	F	0.82%	1.81%	0.82%
ENPH	F	0.56%	6.55%	0.56%
FSLR	F	0.86%	9.67%	0.86%
HASI	D	0.9%	3.37%	0.9%
JKS	F	1.13%	2.72%	1.13%
NOVA	F	0.49%	1.12%	0.49%
RENB	F	0.83%	0.64%	0.64%
RUN	F	0.57%	4.29%	0.57%
SEDG	F	0.53%	2.3%	0.53%
SHLS	F	1.0%	2.2%	1.0%

PBD Overweight 22 Positions Relative to TAN

Symbol	Grade	Weight
XPEV	C	1.88%
ITRI	C	1.24%
EOSE	D	1.21%
NIO	F	1.18%
ACHR	B	1.18%
HUBB	B	1.17%
BE	B	1.13%
ORA	B	1.1%
SQM	D	1.04%
DAR	C	1.03%
ATKR	D	0.99%
AMRC	D	0.97%
PLUG	F	0.95%
OLED	F	0.9%
QS	F	0.84%
CNM	D	0.83%
BLBD	D	0.8%
RIVN	F	0.77%
LCID	F	0.66%
CHPT	F	0.64%
TPIC	F	0.63%
WOLF	F	0.59%

PBD Underweight 5 Positions Relative to TAN

Symbol	Grade	Weight
CWEN	C	-2.99%
DQ	F	-2.83%
AY	A	-2.33%
AMPS	C	-1.16%
RNW	D	-0.94%