Invesco Solar ETF ETF.com segment: Equity: Global Renewable Energy Competing ETFs: ICLN, QCLN, GEX, FAN, YLCO Related ETF Channels: Smart-Beta ETFs, Fundamental, Theme Investing, Global, Equity, Sectors, SOLAR, Socially Responsible, Renewable Energy Find more ETFs with our ETF Screener and Database *Unless otherwise stated, data provided by FactSet. C 23 FUND DESCRIPTION The Invesco Solar Portfolio tracks an index of solar energy companies selected based on the relative importance of solar power to the company's business model. FACTSET ANALYTICS INSIGHT offers a unique and popular take on renewable energy, holding a concentrated portfolio of companies involved in the solar energy industry, thus cutting out much of the broader renewable energy market covered by our benchmark. It adjusts each company's weight in an attempt to boost exposure to "pure-play" companies and underweight "non-pure-play" companies, based on revenues from solar-related activity. The resulting portfolio is very concentrated, holding just a handful of names. overweights the US and especially China, and favors smaller firms. offers adequate liquidity, though spreads are generally significant. The underlying basket is lacking in liquidity, however, and creations and redemption could cause prices to move. charges a pretty steep fee, though strong short interest in solar stocks has often allowed the ETF to earn enough from lending out its securities to pay back its fee several times over. Lending income has been highly variable though, so investors holding onto will have a wild ride ahead of them. SUMMARY DATA Issuer Inception Date Legal Structure Expense Ratio Assets Under Management Average Daily $ Average Spread (%) PORTFOLIO DATA Weighted Average Market Cap Price / Earnings Ratio Price / Book Ratio Distribution Yield Next Ex-Dividend Date Number of Holdings Invesco 04/15/08 Open-Ended Fund 0.70% $268.14M $1.87M 0.15% $1.43B -13.85 1.16 2.18% 12/26/18 23 INDEX DATA Index Tracked Index Weighting Methodology Index Selection Methodology MAC Global Solar Energy (TR) Tiered Revenue Thomson Reuters Global Renewable Energy
1 Year Daily Price ($) 27.50 25.00 22.50 20.00 17.50 Dec `18 Feb Mar Apr May Jun Jul Aug Sep Oct Nov 2 000k PERFORMANCE [as of 11/16/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS 3.44% -2.99% -18.58% -15.74% -6.76% -10.80% -10.60% (NAV) 3.08% -3.45% -18.52% -15.56% -6.52% -10.85% -10.40% MAC Global Solar Energy (TR) -10.40% Thomson Reuters Global Renewable Energy All returns over 1 year are annualized. All returns are total returns unless otherwise stated. TOP 10 COUNTRIES United States 49.59% Switzerland 4.92% Hong Kong 19.08% Spain 4.40% Germany 7.74% India Norway 7.26% Taiwan, Province of China China 7.01% Thailand TOP 10 SECTORS Renewable Energy Equipm 60.03% Commercial REITs 4.47% Electric Utilities 12.56% Paper Packaging 3.22% Semiconductors 5.39% Independent Power Produ 5.05% Semiconductor Equipmen 4.92% TOP 10 HOLDINGS Xinyi Solar Holdings Ltd. 9.14% Enphase Energy, Inc. 5.54% First Solar, Inc. 7.38% Hannon Armstrong Susta 4.98% Sunrun Inc. 5.89% Canadian Solar Inc. 4.88% SolarEdge Technologies, 5.66% Encavis AG 4.50% Scatec Solar ASA 5.56% Atlantica Yield plc 4.38% Total Top 10 Weighting 57.91%
PORTFOLIO MANAGEMENT TAX EXPOSURES FUND STRUCTURE Expense Ratio Median Tracking Difference (12 Mo) Max. Upside Deviation (12 Mo) Max. Downside Deviation (12 Mo) 0.70% 1.70% 2.98% -0.15% Max LT/ST Capital Gains Rate Capital Gains Distributions (3 Year) Tax on Distributions Distributes K1 20.00% / 39.60% Qualified dividends No Legal Structure OTC Derivative Use Securities Lending Active Securities Lending Split (Fund/Issuer) ETN Counterparty Open-Ended Fund No Yes 100% / 0% N/A ETN Counterparty Risk N/A Fund Closure Risk Low Portfolio Disclosure Daily
Daily Spread 0.35% FACTSET ANALYTICS BLOCK LIQUIDITY As of 11/19/18 0.28% 0.21% 0.14% 0.07% 0% 5 4 3 2 1 This measurement shows how easy it is to trade a $1 million USD block of. is rated a 2 out of 5. Premium/Discount 2.0% TRADABILITY Avg. Daily Share 95,752 0.0% Average Daily $ $1.87M -2.0% Median Daily Share 71,707-4.0% 1 250k 1 000k 750k 500k 250k Median Daily ($) Average Spread (%) Average Spread ($) $1.39M 0.15% $0.03 Dec Feb Apr Jun Aug Oct Nov Median Premium / Discount (12 Mo) -0.16% Max. Premium / Discount (12 Mo) 0.82% / -2.77% Impediment to Creations None Market Hours Overlap 63.00% Creation Unit Size (Shares) 80,000 Creation Unit/Day (45 Day Average) 0.90 Creation Unit Cost (%) 0.03% Underlying / Unit 12.66% Open Interest on ETF Options 5,227 Net Asset Value (Yesterday) $20.43 ETF.com Implied Liquidity 2
SECTOR/INDUSTRY BREAKDOWN Renewable Energy Equipment & Services Electric Utilities 60.03% 92.76% 12.56% Semiconductors 5.39% Independent Power Producers Semiconductor Equipment & Testing Commercial REITs Paper Packaging 5.05% 4.92% 4.47% 3.22% TOP 10 HOLDINGS Xinyi Solar Holdings Ltd. First Solar, Inc. Sunrun Inc. SolarEdge Technologies, Inc. Scatec Solar ASA Enphase Energy, Inc. Hannon Armstrong Sustainable Infrastructure Capital, Inc. Canadian Solar Inc. Encavis AG Atlantica Yield plc Total Top 10 Weighting 9.14% 7.38% 5.89% 5.66% 5.56% 5.54% 4.98% 4.88% 4.50% 4.38% 57.91% PERFORMANCE STATISTICS Goodness of Fit (R2) Beta Up Beta Down Beta Downside Standard Deviation 0.38 0.72 0.53 0.94 1.16% Thomson Reuters Global Renewable Energy BENCHMARK COMPARISON HOLDINGS Number of Holdings Constituents Shared Holdings Shared Holdings Weight 23 34 10 26.51% COUNTRIES United States 49.59% 28.59% Hong Kong 19.08% 9.25% BENCHMARK COMPARISON SUMMARY Number of Holdings 23 34 Germany 7.74% Norway 7.26% 1.85% China 7.01% 2.19% Switzerland 4.92% Spain 4.40% 8.03% Weighted Average Market Cap Price / Earnings Ratio $1.43B $7.10B -13.85 171.22 India 1.47% Taiwan, Province of China 1.79% Thailand 0.31% Price / Book Ratio Dividend Yield 1.16 1.82 1.50% 1.54% Concentration High High REGIONS North America 49.59% 30.86% Asia-Pacific 26.09% 17.09% Europe 24.33% 52.05% ECONOMIC DEVELOPMENT Developed Countries 92.99% 96.03% Emerging Countries 7.01% 3.97%
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