KLMT vs PCLN

KLMTAInvesco MSCI Global Climate 500 ETF

PCLNDPictet Cleaner Planet ETF

In short

KLMT A climate fund that behaves like a core global index fund: roughly 500 developed and emerging market stocks, full replication, and a 0.10% fee that undercuts most of the thematic aisle.

PCLN An actively managed global stock fund hunting companies that drive the shift to a cleaner economy, measured against MSCI ACWI. In a corner of the market run by cheap rules-based screens, this one pays humans to pick.

Stated mandate

KLMT The Fund seeks to track the investment results of the MSCI ACWI Select Climate 500 Index before fees and expenses, using full replication of the index.

PCLN The Fund seeks long-term capital appreciation through an actively managed portfolio focused on companies contributing to the transition toward a more sustainable economy.

Why people hold it

• KLMT Costs 0.10% a year, a fraction of the typical global thematic fund and cheaper than the other top-rated climate names in its group, including LCTD and IQSZ.
• Holds about 500 names across developed and emerging markets, so it reads like a broad global equity sleeve with a climate screen rather than a narrow theme bet.invesco.com
• Buys the MSCI ACWI Select Climate 500 Index outright instead of sampling it, and has stayed tight to that index. One of the cleaner implementations in its peer group.invesco.com
• Pays out quarterly, the standard rhythm for a broad global stock index fund.

• PCLN A real active mandate, not a screen: managers pick global companies tied to the sustainable-economy transition and are measured against the MSCI ACWI net total return index.
• The portfolio itself is the sturdiest part of the package, with holdings quality rating above the middle of its global thematic peer group.
• Simple plumbing underneath: a standard 1940 Act equity ETF with no structural quirks flagged in its filings.

Worth knowing

• KLMT Thinly traded for its size. Limit orders and a glance at the spread matter more here than with a mega-cap index fund.
• Launched in 2024, so the live track record is short and there is not yet a full-cycle history to judge it on.
• The climate screens reshape the global benchmark, so weights and sector mix will drift from a plain vanilla all-country index.invesco.com

• PCLN At 0.70% a year it prices above the typical global thematic fund, and well above index rivals like KLMT at 0.10% and IQSZ at 0.19%. Stock picking is what the extra buys.
• Small and thinly traded, so bid-ask spreads can run wider and less predictably than in the category's heavyweights.
• Launched in 2025, so there is little track record to judge the manager on, and its risk profile rests on a short window of data.

Full KLMT profile⁠

Full PCLN profile⁠