SOLR
Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund
SOLR is an actively-managed ETF of global stocks focused on alternative or renewable energy, held on approximately an equal-weighted basis.
Global
EQUITY
Active
MANAGEMENT STYLE
5.0 M
ASSETS UNDER MGMT
79 bp
EXPENSES
Fund Basics
| Fund sponsor | Guinness Atkinson Asset Management |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 11, 2020 |
| Assets (mns) | $5 |
| Expense ratio | 79 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TRANE TECHNOLOGIES PLC | 6.6 % |
| EATON CORP PLC | 6.2 % |
| SCHNEIDER ELECTRIC SA | 5.5 % |
| ITRON INC | 4.9 % |
| HUBBELL INCORPORATED CLASS B | 4.6 % |
| IBERDROLA SA | 4.3 % |
| FIRST SOLAR INC | 4.3 % |
| LEGRAND SA | 4.0 % |
| NEXTERA ENERGY GROUP | 3.9 % |
| INFINEON TECHNOLOGIES AG | 3.4 % |
Constituent Breakdown
| Number of holdings | 33 |
| Herfindahl-Hirschman Index | 322 |
| Wgt avg mkt cap (mns) | $43,124 |
| Large cap (>$10bn) | 73.2% |
| Mid cap ($2-10bn) | 17.8% |
| Small cap (<$2bn) | 9.0% |
| Developed mkts. | 89.0% |
| Emerging mkts. | 11.0% |
Country Exposure
 |
UNITED STATES | 33.5 % |
 |
IRELAND | 15.2 % |
 |
FRANCE | 9.5 % |
 |
DENMARK | 5.3 % |
 |
SPAIN | 4.3 % |
 |
CHINA | 4.3 % |
 |
SOUTH KOREA | 3.6 % |
 |
GERMANY | 3.4 % |
 |
BRITAIN | 2.6 % |
 |
CANADA | 1.5 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 0.4% | 9.0% | 5.4% | -3.4% | -- | -- | 3.0% | Volatility | 18.6% | 19.2% | 22.8% | 22.7% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.22 | 66% |
| MSCI EAFE | 1.29 | 72% |
| MSCI Emg Mkts | 1.10 | 50% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.35% |
| ADV of underlying (mns) | $5,549 |
Technical Indicators
| Recent close | $28.01 |
| 30d moving avg. | $27.95 |
| Annualized volatility | 26.8% |
| Relative strength (RSI) | 58 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. SOLR |
Expenses vs. SOLR |
ALTAR Score™ vs. SOLR |
|---|---|---|---|---|
| NBCT | Neuberger Berman Carbon Transition Infrastructure ETF | 30.9% | -24 bp | -1.8% |
| SMOG | VanEck Low Carbon Energy ETF | 24.9% | -18 bp | -2.6% |
| GSFP | Goldman Sachs Future Planet Equity ETF | 24.9% | -4 bp | -0.5% |
| GRID | First Trust Nasdaq Clean Edge Smart GRID Infrastructure | 23.2% | -21 bp | -0.3% |
| MOTO | SmartETFs Smart Transportation & Technology ETF | 22.5% | -11 bp | +2.4% |
| VCLN | Virtus Duff & Phelps Clean Energy ETF | 21.8% | -20 bp | -1.1% |
| OCEN | IQ Clean Oceans ETF | 19.3% | -34 bp | +1.2% |
| FRNW | Fidelity Clean Energy ETF | 19.0% | -40 bp | -2.4% |
| TEMP | JPMorgan Climate Change Solutions ETF | 18.5% | -30 bp | +0.6% |
| ICLN | iShares Global Clean Energy ETF | 18.3% | -38 bp | +0.5% |
Risk and Returns: SOLR vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 10/25/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
SOLR
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
SOLR
4.9%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 361 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.6%. SOLR's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places SOLR in the 56th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SOLRSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| SOLR (79 bp) Percentile rank | 59 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SOLR | 79.0 | 35.4 | 114.4 |
| Peer Avg. | 66.5 | 30.5 | 97.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .