Invesco Solar ETF

ISIN: US46138G7060:USD

Instrument Profile

What is the investment philosophy?

The Invesco Solar ETF is based on the MAC Global Solar Energy Index. The Fund invests at least 90% of its total assets in the securities, American depositary receipts (ADRs) and global depositary receipts (GDRs) that comprise the Index. The Index is comprised of companies in the solar energy industry. The index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are rebalanced quarterly.

Fund Description

Invesco Solar ETF offers a unique 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. The fund’s selection universe begins with global solar energy companies of all caps including all solar technologies (crystalline and thin-film photovoltaic solar and solar thermal), the entire value chain (raw materials, installers, to financing), and related solar equipment (power inverters and encapsulates).These eligible companies are then categorized into two groups: pure-play or medium-play stocks. Pure-play companies consider solar industry as their primary business wherein they generate more than two-thirds of their revenue from. Medium-play companies cover those with multiple business industries but still are generating more than one-third of their revenue from solar related business. The fund’s weighting scheme attempts to boost exposure to pure-play companies and therefore underweights the medium-play group. Index constituents are rebalanced quarterly.

MSCI and Factor Box

Value: captures excess returns to stocks that have low prices relative to their fundamental value.

Low Size: captures excess returns of smaller firms (by market capitalization) relative to their larger counterparts.

Momentum: reflects excess returns to stocks with stronger past performance.

Quality: captures excess returns to stocks that are characterized by low debt, stable earnings growth, and other “quality” metrics.

Yield: captures excess returns to stocks that have higher-than-average dividend yields.

Low Volatility: captures excess returns to stocks with lower than average volatility, beta, and/or idiosyncratic risk.

Geography: Broad Global

Sector: Clean Energy

Index Tracked: MAC Global Solar Energy Index

Benchmark: MSCI World Index

Management Fee: 0.50%

Expense Ratio: 0.71%

Investment Style: Sector Equity Technology

Fund Size (net assets): USD 3.67B

MSCI Sustainability
Score

BBB

Source: MSCI Inc. Last update: Dec 6th, 2020

Morningstar Sustainability Score

4/5

Source: Morningstar, Inc.
Last update: Dec 6th, 2020

Data by the open sources of the instrument provider. Last update: 7.12.2020

Rolling performance at 03/12/2020

1 Year: 119.42%

3 Years: 45.16%

Performance data by the open sources of the instrument provider. Last update: 7.12.2020

Top 10 Holdings

Company

Enphase Energy Inc

SolarEdge Technologies Inc

Xinyi Solar Holdings Ltd

Sunrun Inc

First Solar Inc

Scatec ASA

Hannon Armstrong Sustainable Infrastructure Capital Inc

GCL-Poly Energy Holdings Ltd

Daqo New Energy Corp ADR

JinkoSolar Holding Co Ltd ADR

Weighting

11.19%

8.78%

7.42%

7.06%

6.29%

4.24%

4.12%

3.99%

3.94%

3.92%

Top portfolio holdings as of 7.12.2020 | Source: instrument provider.

Country Allocation (%)

Sector Allocation (%)

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