ISDS - Invesco RAFI™ Strategic Developed ex-US Small Company ETF

Equity - International and Global Equity

Product Details

The Invesco RAFITM Strategic Developed ex-US Small Company ETF (the "Fund") is based on the Invesco Strategic Developed ex-US Small Company Index (the "Index"). The Fund will normally invest at least 80% of its total assets in securities, American depositary receipts (ADRs) and global depositary receipts (GDRs) that comprise the Index. The Index is designed to measure the performance of high quality, small-sized developed market companies, excluding the US. The eligible equity securities are assigned a business-size score based on the equally-weighted average of sales, operating cash flow, total return of capital and book value over the prior five years or life of the security. For real estate securities, operating cash flow is replaced by funds from operations and book value is replaced by total assets. The securities are then assigned a quality score based on the equally-weighted average of efficiency (ratio of sales-to-assets in the prior year) and growth (percentage change in ratio of sales-to-assets over the prior five years or life of the security). Finally, each eligible security is ranked in descending order by its Business-Size score. For inclusion in the index, securities ranked in the top 90% by Business-Size score are eligible and, of those 80% with the highest Quality score. Securities in the Index are weighted based on their float-adjusted Business-Size scores. The Fund and the Index are reconstituted annually.

Effective at the close of markets on Friday, March 15, 2019, the Fund's name changed. Please see the Fund's prospectus for further information.

as of 05/31/2019 03/31/2019

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
Invesco Strategic Developed ex-US Small Company Index 8.73 N/A N/A N/A N/A -6.17
MSCI EAFE Small Cap Index 10.65 -9.36 7.50 4.47 12.76 -5.66
Invesco Strategic Developed ex-US Small Company Index 4.92 N/A N/A N/A N/A -9.46
MSCI EAFE Small Cap Index 7.97 -11.91 5.64 3.84 9.43 -7.95
Fund History (%)
Fund NAV 8.72 N/A N/A N/A N/A -5.82
After Tax Held 8.65 N/A N/A N/A N/A -6.05
After Tax Sold 5.16 N/A N/A N/A N/A -3.35
Fund Market Price 9.25 N/A N/A N/A N/A -5.95
Fund NAV 4.84 N/A N/A N/A N/A -9.18
After Tax Held 4.77 N/A N/A N/A N/A -9.40
After Tax Sold 2.87 N/A N/A N/A N/A -5.34
Fund Market Price 4.85 N/A N/A N/A N/A -9.75

This is a new Fund and has no full-year Fund performance to report as of most recent quarter end.

Market returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Performance data quoted represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than performance data quoted. After-tax returns reflect the highest federal income tax rate but exclude state and local taxes. Fund performance reflects applicable fee waivers, absent which, performance data quoted would have been lower. After Tax Held and After Tax Sold are based on NAV. Returns less than one year are cumulative.

as of 06/17/2019

Sector Allocation

as of 06/17/2019

Top Country Allocation

as of 06/17/2019

Market Cap & Style Allocations

Large-Cap Value 0.31%
Large-Cap Blend 1.51%
Large-Cap Growth 4.99%
Mid-Cap Value 14.04%
Mid-Cap Blend 16.48%
Mid-Cap Growth 18.27%
Small-Cap Value 23.13%
Small-Cap Blend 14.95%
Small-Cap Growth 6.32%

as of 06/17/2019 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
TRZ Transat AT Inc 0.28
TRYG DC Tryg A/S 0.27
4519 Chugai Pharmaceutical Co Ltd 0.27
9045 Keihan Holdings Co Ltd 0.26
RTO LN Rentokil Initial PLC 0.25
GN DC GN Store Nord A/S 0.25
2002 Nisshin Seifun Group Inc 0.25
INXN InterXion Holding NV 0.25
GRG LN Greggs PLC 0.25
SHOP Shopify Inc 0.24

Distributions | View All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
03/18/2019 03/19/2019 03/29/2019 0.03711 0.03711 - - -
12/24/2018 12/26/2018 12/31/2018 0.15283 0.15283 - - -

Frequency Distribution of Discounts & Premiums

    Bid/Ask MidPoint Above NAV
Quarter
Ending
Days 0.00-
0.25%
0.26-
0.50%
0.51-
0.99%
1.00-
1.49%
1.50-
1.99%
≥2.00%
03/31/2019 61 17 16 5 0 0 0
12/31/2018 63 17 13 8 1 1 0
09/30/2018 13 5 2 2 0 0 1
Year Ended 2018 76 22 15 10 1 1 1
    Bid/Ask Midpoint Below NAV
Quarter
Ending
Days 0.00-
0.25%
0.26-
0.50%
0.51-
0.99%
1.00-
1.49%
1.50-
1.99%
≥2.00%
03/31/2019 61 14 5 4 0 0 0
12/31/2018 63 14 1 6 1 0 1
09/30/2018 13 2 1 0 0 0 0
Year Ended 2018 76 16 2 6 1 0 1

Fund Inception: 09/12/2018

Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Performance data quoted represents past performance, which is not a guarantee of future results.


 Risk & Other Information

Typically, security classifications used in calculating allocation tables are as of the last trading day of the previous month.

There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Underlying Index. The Fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund.

The Fund is non-diversified and may experience greater volatility than a more diversified investment.

Investments focused in a particular industry or sector are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

ADRs and GDRs may be subject to certain of the risks associated with direct investments in the securities of foreign companies, such as currency, political, economic and market risks, because their values depend on the performance of the non-dollar denominated underlying foreign securities.

The risks of investing in securities of foreign issuers can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues.

The performance of an investment concentrated in issuers of a certain region or country is expected to be closely tied to conditions within that region and to be more volatile than more geographically diversified investments.

Stocks of small and mid-sized companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquid or restricted as to resale.

Financial information related to foreign securities may be less reliable. Market quotations may not be readily available for some securities, and those securities may be fair valued which may be different than if the security had been valued using market quotations. There is no assurance that the Fund could sell a security for the value established for it at any time.

The Global Industry Classification Standard was developed by and is the exclusive property and a service mark of MSCI, Inc. and Standard & Poor's.

The Invesco Strategic Developed ex-US Small Company Index is a trademark of Invesco Indexing LLC (index provider) and has been licensed for use by Invesco Capital Management LLC (investment adviser). Invesco Indexing LLC, Invesco Capital Management LLC, and Invesco Distributors, Inc. (ETF distributor) are wholly owned, indirect subsidiaries of Invesco Ltd.

Beta is a measure of risk representing how a security is expected to respond to general market movements. Smart Beta represents an alternative and selection index based methodology that seeks to outperform a benchmark or reduce portfolio risk, or both. Smart beta funds may underperform cap-weighted benchmarks and increase portfolio risk.

as of 06/17/2019
12:01 PM EST

ISDS
Intraday Stats

  • Last Trade $22.85
  • Current IIV $22.84
  • Change $0.20
  • % Change 0.88%
as of 06/17/2019
  • NAV at market close $22.83

as of 06/17/2019

Prior Close

  • Closing Price $22.65
  • Bid/Ask Midpoint $22.85
  • Bid/Ask Prem/Disc $0.02
  • Bid/Ask Prem/Disc 0.09%

Fund Details

  • Fund Ticker ISDS
  • CUSIP # 46138J718
  • ISIN US46138J7182
  • Intraday NAV ISDSIV
  • Index Ticker IISXN
  • Index Provider Invesco Indexing LLC
  • Management Fee 0.35%
  • Total Expense Ratio 0.35%
  • Marginable Yes
  • Short Selling Yes
  • Options No
  • Exchange NASDAQ
  • Inception Date 09/12/2018
  • # of Holdings 1,245
    as of 06/17/2019
as of 06/17/2019

Quick Facts

  • Previous Close $22.65
  • Open $22.91
  • Today's High $22.91
  • Today's Low $22.85
  • Today's Volume 3,249
  • 567 30-Day Avg Trading
    Volume
  • 52 Week High $25.72
  • 52 Week Low $20.49
  • Shares Outstanding .65MM
  • Market Value $14.8MM