TANN PDS
The Product Disclosure Statement (PDS) explains the fees, tax status and some of the risks.
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The TANN ETF was designed to provide Australian ETF investors with exposure to companies leading the way in solar panels and photovoltic technology. TANN should have a basket of 35-45 companies that are in some way involved in solar-related power generation or storage.
Inside TANN, companies are included if they have more than 5% of revenue from solar energy, then filtered out for operations they have in conversial sectors (e.g. thermal coal) and finally weighted favourably depending on the extent of their solar-related operations. They are assigned a “core” or “non-core” category, depending if they have more (or less) than 60% of revenue coming from solar operations. No company can exceed 8% of the portfolio at rebalance date (it rebalances every three months).
Investors could use TANN for a tactical exposure to solar energy companies. That is, we believe TANN should not be used as a replacement exposure to global shares but rather as a very small position in an already diversified portfolio. This is because we believe TANN could be quite volatile and you might be getting exposure to companies that are early in their journey and have core operations in industries you don’t expect (e.g. Tesla does solar panels and could be part of TANN, but Tesla’s biggest business — by far — is automotive vehicles).
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*The warnings on this page are applied by our ETF research team. Please know that these warnings are based on quantitative metrics and our internal methodology. These risks are not exhaustive and therefore they should not be relied upon. Always read the PDS of the function and speak to your financial adviser before acting on this information.
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