TAN vs. ICLN ETF Comparison

Comparison of Invesco Solar ETF (TAN) to iShares S&P Global Clean Energy Index Fund (ICLN)

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

$34.39

Average Daily Volume

1,193,386

Number of Holdings ^*

16

* may have additional holdings in another (foreign) market

ICLN

iShares S&P Global Clean Energy Index Fund

ICLN Description

The investment seeks to track the investment results of an index composed of global equities in the clean energy sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the S&P Global Clean Energy IndexTM (the "underlying index"), which is designed to track the performance of approximately 30 of what is expected to be the most liquid and tradable securities of global companies involved in clean energy related businesses. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$12.03

Average Daily Volume

3,140,077

Number of Holdings ^*

2

* may have additional holdings in another (foreign) market

Performance

Period	TAN	ICLN
30 Days	-6.10%	-9.51%
60 Days	-14.78%	-15.94%
90 Days	-13.55%	-14.02%
12 Months	-24.67%	-12.27%

2 Overlapping Holdings

	Symbol	Grade	Weight in TAN	Weight in ICLN	Overlap
	ENPH	F	6.55%	5.54%	5.54%
	FSLR	F	9.67%	7.27%	7.27%

TAN Overweight 14 Positions Relative to ICLN

	Symbol	Grade	Weight
	RUN	F	4.29%
	HASI	F	3.37%
	ARRY	F	3.08%
	CWEN	C	2.99%
	DQ	C	2.83%
	JKS	D	2.72%
	AY	A	2.33%
	SEDG	F	2.3%
	SHLS	F	2.2%
	CSIQ	F	1.81%
	AMPS	C	1.16%
	NOVA	F	1.12%
	RNW	D	0.94%
	RENB	F	0.64%

TAN Underweight 0 Positions Relative to ICLN

	Symbol	Grade	Weight

TAN: Top Represented Industries & Keywords

Industries: Solar Semiconductor Equipment & Materials Utilities - Regulated Electric Utilities - Renewable Biotechnology Electronic Components REIT - Diversified

Keywords: Photovoltaics Solar Power Energy Conversion Solar Energy Renewable Energy Electricity Photovoltaic System Solar Panel Solar Energy Projects Solar Modules Systems Integrator Energy Storage Inverter Systems Inverters Photovoltaic Products Power Systems S&P 500 Solar Power Systems Sustainable Energy Alternative Energy

ICLN: Top Represented Industries & Keywords

Industries: Semiconductor Equipment & Materials Solar

Keywords: Photovoltaic System Photovoltaics Power Systems S&P 500 Solar Power Solar Power Systems Alternative Energy Electricity Energy Conversion Energy Projects Energy Solutions Finance Services First Solar Inverter Systems Inverters Investor Owned Utilities Nasdaq 100 Project Finance Project Finance Services Renewable Energy