Core Viewpoint - Invesco Solar ETF (TAN) offers targeted exposure to the global solar value chain, aiming for equity growth through investments in photovoltaic equipment, components, and related services [1] Group 1: Investment Strategy - The strategy of TAN is to track a rules-based universe of solar-aligned businesses, which tends to be more concentrated and cyclical compared to broader equity markets [1] - TAN's returns are influenced by industry capacity cycles, technology cost curves, and adoption rates across residential, commercial, and utility segments [1] Group 2: Volatility and Risk Factors - Investors should anticipate higher volatility and structural growth tilt, with potential deviations from traditional sector or factor exposures [1] - Significant risks include concentration in a narrow industry, where single-name and regulatory shocks can greatly affect outcomes [1] Group 3: Target Audience - TAN serves as a thematic satellite for growth allocation, a targeted factor completion sleeve for those seeking renewable exposure, or a tactical overlay around energy-transition catalysts [1] - Growth-oriented investors and allocators may utilize TAN to express long-horizon decarbonization views [1]