FRNW vs. TAN ETF Comparison

Comparison of Fidelity Clean Energy ETF (FRNW) to Invesco Solar ETF (TAN)

FRNW

Fidelity Clean Energy ETF

FRNW Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Clean Energy Index. Normally investing at least 80% of assets in securities included in the Fidelity Clean Energy Index and in depositary receipts representing securities included in the index. The Fidelity Clean Energy Index is designed to reflect the performance of a global universe of companies across the market capitalization spectrum that distribute, produce or provide technology or equipment to support the production of energy from solar, wind, hydrogen and other renewable sources

Grade (RS Rating)

Last Trade

$14.14

Average Daily Volume

8,097

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

$34.64

Average Daily Volume

1,200,240

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FRNW	TAN
30 Days	-2.67%	-6.48%
60 Days	-10.02%	-15.39%
90 Days	-7.13%	-17.86%
12 Months	-5.10%	-24.72%

13 Overlapping Holdings

Symbol	Grade	Weight in FRNW	Weight in TAN	Overlap
ARRY	C	1.64%	2.64%	1.64%
AY	B	1.89%	2.4%	1.89%
CSIQ	F	1.36%	1.86%	1.36%
CWEN	C	2.08%	3.13%	2.08%
ENPH	F	2.19%	6.71%	2.19%
FSLR	F	3.95%	9.4%	3.95%
JKS	F	1.8%	2.94%	1.8%
NOVA	F	0.53%	1.21%	0.53%
RENB	F	0.85%	0.66%	0.66%
RNW	D	1.15%	0.99%	0.99%
RUN	F	1.42%	4.12%	1.42%
SEDG	F	1.02%	2.0%	1.02%
SHLS	F	1.45%	1.91%	1.45%

FRNW Overweight 6 Positions Relative to TAN

Symbol	Grade	Weight
GEV	B	8.36%
ITRI	B	3.28%
ORA	B	2.79%
BE	B	2.69%
PLUG	F	2.05%
AMRC	F	1.37%

FRNW Underweight 3 Positions Relative to TAN

Symbol	Grade	Weight
HASI	D	-3.52%
DQ	F	-2.91%
AMPS	C	-1.14%