ETF Evaluator: iShares Global Clean Energy ETF (ICLN) Follow This ETF

iShares Global Clean Energy ETF Overview

iShares Global Clean Energy ETF (ICLN) is a passively managed Sector Equity Miscellaneous Sector exchange-traded fund (ETF). iShares launched the ETF in 2008.

The investment seeks to track the investment results of the S&P Global Clean Energy Transition Index 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.

About iShares Global Clean Energy ETF (ICLN)

There are 4 members of the management team with an average tenure of 4.42 years: Jennifer Hsui (2012), Peter Sietsema (2025), Matt Waldron (2025) and Steven White (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: S&P Global BMI NR USD index with a weighting of 100% and S&P Global Clean Energy Trnsitn NR USD index with a weighting of 100%. iShares Global Clean Energy ETF has 174 securities in its portfolio. The top 10 holdings constitute 54.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is considered to have an ESG focus with its investment selection and management.

iShares Global Clean Energy ETF is part of the Equity global asset class and is within the Sector Equity ETF group. iShares Global Clean Energy ETF has 51.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 48.2% There is 51.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). iShares Global Clean Energy ETF has 0.5% of the portfolio in cash.

Assets Under Management

The fund has $2 billion in total assets, which is above the $351 million average for the Miscellaneous Sector category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

ICLN Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The iShares Global Clean Energy ETF expense ratio is below average compared to funds in the Miscellaneous Sector category. iShares Global Clean Energy ETF has an expense ratio of 0.39%, which is 46% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. iShares Global Clean Energy ETF has a portfolio turnover rate of 25%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 45% for the Miscellaneous Sector category.

Recently, in the month of June 2026, iShares Global Clean Energy ETF returned -12.4%, which earned it a grade of F, as the Miscellaneous Sector category had an average return of -6.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

iShares Global Clean Energy ETF has a trailing yield of 0.90%, which is below the 1.02% category average. The fund normally distributes its income semi-annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

iShares Global Clean Energy ETF Grades

Year to date, the ETF has returned 25.5%, 11.7 percentage points better than the category, which translates into a grade of B. The fund has returned 58.4% over the past year (grade of C), 5.3% over the past three years (grade of D) and -1.3% per year over the past five years (grade of C) and 10.7% per year over the past 10 years (grade of B).

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