Solar ETF
Overview
Notice: Fund to close on 17 January 2025
Betashares, the responsible entity of the Fund, has applied to the ASX for the trading status of the Fund to be revoked and for the Fund to be delisted. The ASX has approved this application. The last day units in the Fund will trade on the ASX will be 17 January 2025. For more information regarding key dates and options available to investors, please refer to the ASX announcement.
Fund objective
TANN aims to track the performance of an index (before fees and expenses) that provides exposure to a portfolio of leading global companies in the solar energy industry.
Benefits
Access the growth potential of the solar energy industry
The demand for solar powered energy solutions is set to grow strongly in coming decades, reflecting both solar energy’s critical role in efforts to combat global warming, and its rapidly improving cost competitiveness.
Exposure to leading solar energy companies
TANN provides exposure to leading global companies in the solar energy industry including solar panel manufacturers, inverter suppliers, installers, manufacturers of solar powered charging and energy storage systems, and providers of solar project finance.
Convenient, cost-effective exposure
With management costs of only 0.69% p.a. (or $69 for every $10,000 invested), TANN provides cost-effective exposure to the solar energy thematic in a single ASX trade.*
Invest in TANN with Betashares Direct
Key facts
Profile
| Units outstanding* (#) | 350,041 |
|---|---|
| Management fee and cost** (p.a.) | 0.69% |
| Distribution frequency | At least annually |
| Distribution reinvestment plan (DRP) | Full or partial participation available |
| Registry | Link Market Services |
* As at 19 December 2024
**Certain additional costs apply. Please refer to PDS.
Pricing information
| Current price | |
|---|---|
| Last trade* | |
| % Change (prev day) | |
| Bid (delayed) | |
| Offer (delayed) | |
| NAV | * As at 19 December 2024 |
| NAV/Unit* | $6.54 |
| * Data is delayed by at least 20 minutes. | |
Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.
Trading information
| ASX code | TANN |
|---|---|
| iNAV IRESS code | TANN.ASX |
| Market makers | Susquehanna Pacific |
Index information
| Index | Solactive EQM Global Solar Energy Index |
|---|---|
| Index provider | Solactive AG |
| Bloomberg index ticker | SOLARANR Index |
Performance
Fund returns after fees (%)
| Fund | Index | |
|---|---|---|
| 1 month | -4.93% | -4.85% |
| 3 months | -9.01% | -8.83% |
| 6 months | -20.28% | -19.86% |
| 1 year | -19.26% | -18.56% |
| 3 year p.a. | - | -21.51% |
| 5 year p.a. | - | 6.97% |
| 10 year p.a. | - | - |
| Since inception (p.a.) | -20.08% | -19.46% |
| Inception date | 8-Jun-22 | - |
Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units on the ASX. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown.
Holdings and allocation
Portfolio holdings
| Name | Weight (%) |
|---|---|
| NEXTRACKER INC | 9.3 |
| TESLA INC | 9.1 |
| FIRST SOLAR INC | 8.0 |
| HANNON ARMSTRONG SUSTAINABLE I | 6.9 |
| ENPHASE ENERGY INC | 6.6 |
| SUNRUN INC | 5.1 |
| XINYI SOLAR HOLDINGS LTD | 4.7 |
| TCC GROUP HOLDINGS CO LTD | 4.5 |
| NEOEN SA | 4.1 |
| VOLTRONIC POWER TECHNOLOGY COR | 4.0 |
Sector allocation
| Renewable Electricity | 19.5% |
|---|---|
| Semiconductor Materials & Equipment | 16.5% |
| Electrical Components & Equipment | 13.6% |
| Semiconductors | 12.8% |
| Electrical Equipment | 9.7% |
| Mortgage REITs | 7.3% |
| Automobile Manufacturers | 6.2% |
| Construction Materials | 4.2% |
| Specialty Chemicals | 3.8% |
| Other | 6.5% |
* As of 29 November 2024
Country allocation
| United States | 52.3% |
|---|---|
| Taiwan | 18.2% |
| China | 6.9% |
| Spain | 5.1% |
| France | 3.7% |
| South Korea | 2.9% |
| Germany | 2.2% |
| Israel | 2.2% |
| Hong Kong | 1.6% |
| Other | 4.8% |
* As of 29 November 2024
Distributions
Frequency and yield
| 12 mth distribution yield* | 0.3% |
|---|
*As at 29 November 2024. Yield is calculated by summing the prior 12-month per unit distributions divided by the closing NAV per unit at the end of the relevant period. Yield will vary and may be lower at time of investment. Past performance is not indicative of future performance.
You can elect DRP by logging into Link’s Investor Centre. Once you are logged in, please proceed to the 'Payments and Tax' tab and select 'Reinvestment Plans'.
Recent distributions
| Ex Date | Record Date | Payment Date | Distribution Unit ($) | Annual Distribution Return (%) (1) |
|---|---|---|---|---|
| 1-Jul-24 | 2-Jul-24 | 16-Jul-24 | - | 0.14% |
| 2-Jan-24 | 3-Jan-24 | 17-Jan-24 | $0.022335 | 0.19% |
| 3-Jul-23 | 4-Jul-23 | 18-Jul-23 | - | - |
| 3-Jan-23 | 4-Jan-23 | 18-Jan-23 | - | - |
1 This is the annual distribution return to the end of the relevant distribution date. The distribution return reflects the contribution to total investment return made by the Fund's distributions. Distribution return is calculated as the total return less the growth return. Total return is calculated as the percentage change in a continuing investor's interest in the Fund assuming reinvestment of all distributions back into the Fund (and no other application or withdrawal), net of ongoing fees. Growth return is the Fund's return excluding distributions, net of ongoing fees. Past performance is not indicative of future performance.