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Critical Facts You Need to Know About Preferred Stocks
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Invesco Solar ETF
ETF
TAN
Payout Change
Pending
Price as of:
$33.54
+0.98
+3.01%
primary theme
Sector Diversified Equity
TAN (ETF)
Invesco Solar ETF
Payout Change
Pending
Price as of:
$33.54
+0.98
+3.01%
primary theme
Sector Diversified Equity
TAN (ETF)
Invesco Solar ETF
Payout Change
Pending
Price as of:
$33.54
+0.98
+3.01%
primary theme
Sector Diversified Equity
Name
As of 12/20/2024Price
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
Vitals
YTD Return
-37.1%
1 yr return
-36.2%
3 Yr Avg Return
-24.4%
5 Yr Avg Return
1.9%
Net Assets
$925 M
Holdings in Top 10
82.7%
52 WEEK LOW AND HIGH
$32.6
$32.56
$54.22
Expenses
OPERATING FEES
Expense Ratio 0.71%
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 12/20/2024Price
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
TAN - Profile
Distributions
- YTD Total Return -37.1%
- 3 Yr Annualized Total Return -24.4%
- 5 Yr Annualized Total Return 1.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.05%
- Dividend Yield 0.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameInvesco Solar ETF
-
Fund Family NameINVESCOETF
-
Inception DateApr 15, 2008
-
Shares Outstanding31768000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerTony 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. S&P DJI seeks to determine the universe of companies that are eligible for inclusion in the Underlying Index 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 activities in the solar industry. 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 liquidity requirements and adhere to certain 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, 2024, the Underlying Index was comprised of approximately 35 constituents, with market capitalizations that ranged from approximately $291.9 million to approximately $20.8 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, 2024, the Fund had significant exposure to the information technology sector and the solar and semiconductors industries. The Fund’s portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time.
TAN - Performance
Return Ranking - Trailing
| Period | TAN Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -37.1% | -47.1% | 100.1% | 97.06% |
| 1 Yr | -36.2% | -38.1% | 101.3% | 97.06% |
| 3 Yr | -24.4%* | -46.0% | 21.0% | 82.35% |
| 5 Yr | 1.9%* | -26.1% | 25.7% | 68.75% |
| 10 Yr | 0.9%* | -0.6% | 16.2% | 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 | -37.1% | -47.1% | 100.1% | 97.06% |
| 1 Yr | -36.2% | -38.1% | 101.3% | 97.06% |
| 3 Yr | -24.4%* | -46.0% | 21.0% | 82.35% |
| 5 Yr | 1.9%* | -26.1% | 25.7% | 68.75% |
| 10 Yr | 0.9%* | -0.6% | 16.2% | 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 | 925 M | 3.78 M | 31.2 B | 26.47% |
| Number of Holdings | 40 | 20 | 389 | 70.59% |
| Net Assets in Top 10 | 838 M | 2.46 M | 5.86 B | 17.65% |
| Weighting of Top 10 | 82.73% | 11.2% | 90.3% | 8.82% |
Top 10 Holdings
- Invesco Private Prime Fund 21.98%
- Enphase Energy, Inc. 10.86%
- First Solar, Inc. 9.29%
- Sunrun Inc. 8.49%
- Invesco Private Government Fund 8.37%
- Nextracker Inc., Class A 6.49%
- GCL Technology Holdings Ltd. 5.40%
- Encavis AG 4.36%
- HA Sustainable Infrastructure Capital, Inc. 3.75%
- Xinyi Solar Holdings Ltd. 3.75%
Asset Allocation
| Weighting | Return Low | Return High | TAN % Rank | |
|---|---|---|---|---|
| Stocks | 100.07% | 0.00% | 101.10% | 14.71% |
| Cash | 30.36% | 0.00% | 82.22% | 14.71% |
| Preferred Stocks | 0.00% | 0.00% | 45.68% | 97.06% |
| Other | 0.00% | -3.86% | 91.95% | 85.29% |
| Convertible Bonds | 0.00% | 0.00% | 3.05% | 96.97% |
| Bonds | 0.00% | 0.00% | 97.85% | 97.06% |
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% | 100.00% |
| Financial Services | 0.00% | 0.00% | 95.51% | 96.00% |
| Energy | 0.00% | 0.00% | 32.10% | 96.00% |
| Communication Services | 0.00% | 0.00% | 16.38% | 96.00% |
| Consumer Defense | 0.00% | 0.00% | 50.44% | 100.00% |
| Consumer Cyclical | 0.00% | 0.00% | 34.19% | 100.00% |
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% | 83.75% | 26.47% |
TAN - Expenses
Operational Fees
| TAN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.71% | 0.41% | 5.61% | 58.82% |
| Management Fee | 0.50% | 0.25% | 1.90% | 41.18% |
| 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 | Annually | 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
| Date | Amount | Type |
|---|---|---|
| Dec 18, 2023 | $0.048 | OrdinaryDividend |
| Dec 21, 2020 | $0.092 | OrdinaryDividend |
| Dec 23, 2019 | $0.091 | OrdinaryDividend |
| Dec 24, 2018 | $0.129 | OrdinaryDividend |
| Dec 26, 2017 | $0.445 | OrdinaryDividend |
| Dec 23, 2016 | $0.835 | OrdinaryDividend |
| Dec 24, 2015 | $0.490 | OrdinaryDividend |
| Dec 24, 2014 | $0.640 | OrdinaryDividend |
| Dec 24, 2013 | $0.451 | OrdinaryDividend |
| Dec 24, 2012 | $1.424 | OrdinaryDividend |
| Dec 27, 2010 | $0.290 | OrdinaryDividend |
| Dec 24, 2008 | $0.120 | OrdinaryDividend |
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 | 1.25 |
