NETZ vs. TAN ETF Comparison

Comparison of Engine No. 1 Transform Climate ETF (NETZ) to Invesco Solar ETF (TAN)

NETZ

Engine No. 1 Transform Climate ETF

NETZ Description

Engine No. 1 Transform Climate ETF is an exchange traded fund launched and managed by Engine No.1 LLC. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund employs fundamental analysis with bottom-up and top-down stock picking approach to create its portfolio. It employs proprietary research to create its portfolio. Engine No. 1 Transform Climate ETF is domiciled in the United States

Grade (RS Rating)

Last Trade

$77.54

Average Daily Volume

47,387

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

$34.33

Average Daily Volume

1,192,583

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NETZ	TAN
30 Days	4.39%	-7.91%
60 Days	6.42%	-15.57%
90 Days	11.60%	-18.59%
12 Months	45.15%	-25.40%

1 Overlapping Holdings

	Symbol	Grade	Weight in NETZ	Weight in TAN	Overlap
	FSLR	F	1.89%	9.67%	1.89%

NETZ Overweight 19 Positions Relative to TAN

Symbol	Grade	Weight
RSG	A	9.32%
GE	D	8.65%
VRT	B	6.77%
MSFT	D	6.55%
GEV	B	6.49%
TT	A	5.3%
FANG	C	4.88%
UNP	C	4.66%
CVX	A	4.18%
VST	A	4.06%
XOM	B	3.86%
WM	B	3.7%
HUBB	B	2.11%
COP	C	1.99%
OXY	D	1.46%
AMAT	F	1.28%
CEG	C	1.22%
NVT	B	0.99%
DE	B	0.89%

NETZ Underweight 15 Positions Relative to TAN

Symbol	Grade	Weight
ENPH	F	-6.55%
RUN	F	-4.29%
HASI	D	-3.37%
ARRY	F	-3.08%
CWEN	C	-2.99%
DQ	F	-2.83%
JKS	F	-2.72%
AY	A	-2.33%
SEDG	F	-2.3%
SHLS	F	-2.2%
CSIQ	F	-1.81%
AMPS	C	-1.16%
NOVA	F	-1.12%
RNW	D	-0.94%
RENB	F	-0.64%