ECLN vs. TAN ETF Comparison

Comparison of First Trust EIP Carbon Impact ETF (ECLN) to Invesco Solar ETF (TAN)

ECLN

First Trust EIP Carbon Impact ETF

ECLN Description

The investment seeks to achieve a competitive risk-adjusted total return balanced between dividends and capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in the equity securities of companies identified by the fund's investment sub-advisor as having or seeking to have a positive carbon impact. Its investments will be concentrated in the industries constituting the energy infrastructure sector. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$23.87

Average Daily Volume

3,156

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

$39.70

Average Daily Volume

1,211,728

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ECLN	TAN
30 Days	0.03%	-7.78%
60 Days	2.30%	-15.28%
90 Days	3.47%	-7.46%
12 Months	-4.73%	-48.91%

1 Overlapping Holdings

	Symbol	Grade	Weight in ECLN	Weight in TAN	Overlap
	CWEN	D	2.7%	1.92%	1.92%

ECLN Overweight 37 Positions Relative to TAN

Symbol	Grade	Weight
DTM	A	5.97%
AEP	B	4.65%
SRE	D	4.06%
ATO	B	3.93%
TRGP	A	3.92%
SO	A	3.78%
XEL	D	3.61%
PPL	B	3.52%
WEC	B	3.28%
LNT	C	3.25%
PEG	A	3.23%
CQP	D	3.22%
WMB	A	3.04%
CMS	A	2.98%
NFG	A	2.81%
DTE	C	2.69%
EVRG	D	2.61%
IDA	D	2.21%
OGS	D	2.14%
PWR	A	2.12%
AES	D	1.9%
LNG	D	1.79%
FLR	A	1.36%
DUK	A	1.05%
ETR	A	1.02%
NEP	D	0.91%
WTRG	D	0.7%
VST	A	0.68%
ES	C	0.67%
OGE	C	0.62%
CEG	A	0.54%
CNP	D	0.47%
CPK	D	0.45%
AWK	F	0.38%
AEE	B	0.32%
NJR	D	0.19%
EIX	A	0.18%

ECLN Underweight 17 Positions Relative to TAN

Symbol	Grade	Weight
FSLR	A	-11.78%
ENPH	F	-9.42%
SEDG	F	-5.66%
HASI	B	-4.91%
RUN	F	-4.38%
ARRY	F	-3.98%
SHLS	F	-3.07%
DQ	D	-2.26%
JKS	F	-1.96%
CSIQ	F	-1.81%
NOVA	F	-1.48%
AY	D	-1.35%
AMPS	F	-0.68%
RNW	F	-0.61%
SPWR	F	-0.59%
RENB	F	-0.49%
MAXN	F	-0.27%