iShares Global Clean Energy ETF (NASDAQ:ICLN) seeks to track the investment results of the S&P Global Clean Energy IndexTM composed of global equities in the clean energy sector. The index is designed to track the performance of approximately 100 clean energy-related companies. The fund generally invests at least 80% of its assets in the component securities of the index and in investments that have economic characteristics that are substantially identical to the component securities of the index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents, as well as in securities not included in the index. It is non-diversified.
- -16.90% YTD Daily Total Return
- 47.82% 1-Year Daily Total Return
- 39.32% 3-Year Daily Total Return Annual Report Expense Ratio (net)0.46%
This clean energy ETF is among the largest options for individual investors, with more than $6.05 billion in assets under management. This ETF has an annual expense ratio of 0.46%. It’s also one of the older funds dedicated to this strategy, established in 2008, when climate change wasn’t quite as urgent for many folks. As the name implies, this is an international fund, with only about 38% of assets in U.S. stocks. Top holdings among the 80 or so picks in this ETF include Danish turbine manufacturer Vestas Wind Systems (VWS) and California-based solar firm Enphase Energy Inc. (ENPH). The fund had an amazing 2020, with roughly 140% gains, but has underperformed in 2021 as things have cooled off for the sector.
Top 10 Holdings (49.12% of Total Assets)
|Vestas Wind Systems A/S||VWS||7.61%|
|Enphase Energy Inc||ENPH||7.12%|
|NextEra Energy Inc||NEE||4.29%|
|Xcel Energy Inc||XEL||4.18%|
|Plug Power Inc||PLUG||3.86%|
|SolarEdge Technologies Inc||SEDG||3.73%|