PAGG - Invesco Global Agriculture ETF
Equity - Sector EquityProduct Details
The Invesco Global Agriculture ETF (Fund) is based on the NASDAQ OMX Global Agriculture Index℠ (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and American depositary receipts and global depositary receipts based on the securities in the Index. The Index is designed to measure the overall performance of the largest, most liquid, globally traded companies involved in agriculture and farming-related activities. The Index is rebalanced quarterly using a modified, market-cap-weighted methodology. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are rebalanced quarterly and reconstituted annually with June's rebalance.
Performance
| YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception | |
|---|---|---|---|---|---|---|
| Index History (%) | ||||||
| NASDAQ OMX Global Agriculture Index | -1.83 | 7.34 | -0.03 | -0.93 | N/A | 2.85 |
| MSCI EAFE Index | -1.53 | 14.80 | 5.55 | 6.50 | 2.74 | 5.41 |
| NASDAQ OMX Global Agriculture Index | -0.16 | 10.89 | -1.28 | -0.19 | N/A | 2.98 |
| MSCI EAFE Index | -1.55 | 7.97 | 4.33 | 5.93 | 2.10 | 5.31 |
| Fund History (%) | ||||||
| Fund NAV | -2.07 | 6.41 | -0.37 | -1.14 | N/A | 2.39 |
| After Tax Held | -2.12 | 6.43 | -0.77 | -1.50 | N/A | 2.17 |
| After Tax Sold | -1.23 | 4.30 | -0.22 | -0.75 | N/A | 1.99 |
| Fund Market Price | -1.53 | 6.35 | -0.13 | -1.07 | N/A | 2.23 |
| Fund NAV | -0.50 | 9.80 | -1.65 | -0.38 | N/A | 2.51 |
| After Tax Held | -0.55 | 9.81 | -2.04 | -0.74 | N/A | 2.30 |
| After Tax Sold | -0.30 | 6.31 | -1.20 | -0.18 | N/A | 2.08 |
| Fund Market Price | -0.54 | 9.43 | -1.78 | -0.34 | N/A | 2.30 |
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.
Growth of $10,000
Data beginning Fund inception and ending 03/31/2018. Fund performance shown at NAV.
An investor cannot invest directly in an index. The results assume that no cash was added to or assets withdrawn from the Index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.
Sector Allocation
Top Country Allocation
Market Cap & Style Allocations
| Large-Cap Value | 12.52% |
| Large-Cap Blend | 6.52% |
| Large-Cap Growth | 5.06% |
| Mid-Cap Value | 45.22% |
| Mid-Cap Blend | 14.06% |
| Mid-Cap Growth | 5.39% |
| Small-Cap Value | 2.99% |
| Small-Cap Blend | 5.78% |
| Small-Cap Growth | 2.46% |
as of 06/18/2018 Top Holdings | View All
Fund Holdings subject to change
| Ticker | Company | % of Fund |
|---|---|---|
| ADM | Archer-Daniels-Midland Co | 8.81 |
| FMC | FMC Corp | 8.43 |
| MOS | Mosaic Co/The | 7.69 |
| BG | Bunge Ltd | 6.74 |
| INGR | Ingredion Inc | 6.42 |
| CF | CF Industries Holdings Inc | 4.41 |
| WIL SP | Wilmar International Ltd | 3.94 |
| SQM/B | Sociedad Quimica y Minera de Chile SA | 3.85 |
| YAR | Yara International ASA | 3.75 |
| SDF | K+S AG | 3.71 |
Distributions | View All | Distribution Information
| Ex-Date | Record Date | Pay Date | $/ Share |
Ordinary Income | Short Term Gains | Long Term Gains | Return of Capital |
|---|---|---|---|---|---|---|---|
| 06/18/2018 | 06/19/2018 | 06/29/2018 | 0.18824 | 0.18824 | - | - | - |
| 03/19/2018 | 03/20/2018 | 03/29/2018 | 0.03262 | 0.03262 | - | - | - |
| 12/18/2017 | 12/19/2017 | 12/29/2017 | 0.09596 | 0.09596 | - | - | - |
| 09/18/2017 | 09/19/2017 | 09/29/2017 | 0.06141 | 0.06141 | - | - | - |
| 06/16/2017 | 06/20/2017 | 06/30/2017 | 0.11385 | 0.11385 | - | - | - |
| 03/17/2017 | 03/21/2017 | 03/31/2017 | 0.02798 | 0.02798 | - | - | - |
| 12/16/2016 | 12/20/2016 | 12/30/2016 | 0.25650 | 0.25650 | - | - | - |
| 09/16/2016 | 09/20/2016 | 09/30/2016 | 0.09528 | 0.09528 | - | - | - |
| 06/17/2016 | 06/21/2016 | 06/30/2016 | 0.17936 | 0.17936 | - | - | - |
| 03/18/2016 | 03/22/2016 | 03/31/2016 | 0.08951 | 0.08951 | - | - | - |
| 12/18/2015 | 12/22/2015 | 12/31/2015 | 0.14619 | 0.14619 | - | - | - |
| 09/18/2015 | 09/22/2015 | 09/30/2015 | 0.25864 | 0.25864 | - | - | - |
| 06/19/2015 | 06/23/2015 | 06/30/2015 | 0.22278 | 0.22278 | - | - | - |
| 03/20/2015 | 03/24/2015 | 03/31/2015 | 0.14090 | 0.14090 | - | - | - |
| 12/19/2014 | 12/23/2014 | 12/31/2014 | 0.11158 | 0.11158 | - | - | - |
| 09/19/2014 | 09/23/2014 | 09/30/2014 | 0.11299 | 0.11299 | - | - | - |
| 06/20/2014 | 06/24/2014 | 06/30/2014 | 0.22447 | 0.22447 | - | - | - |
| 03/21/2014 | 03/25/2014 | 03/31/2014 | 0.24169 | 0.24169 | - | - | - |
| 12/20/2013 | 12/24/2013 | 12/31/2013 | 0.11113 | 0.11113 | - | - | - |
| 09/20/2013 | 09/24/2013 | 09/30/2013 | 0.19741 | 0.19741 | - | - | - |
| 06/21/2013 | 06/25/2013 | 06/28/2013 | 0.11713 | 0.11713 | - | - | - |
| 03/15/2013 | 03/19/2013 | 03/28/2013 | 0.06288 | 0.06288 | - | - | - |
| 12/21/2012 | 12/26/2012 | 12/31/2012 | 0.11341 | 0.11341 | - | - | - |
| 09/21/2012 | 09/25/2012 | 09/28/2012 | 0.01428 | 0.01428 | - | - | - |
| 06/15/2012 | 06/19/2012 | 06/29/2012 | 0.18789 | 0.18789 | - | - | - |
| 03/16/2012 | 03/20/2012 | 03/30/2012 | 0.02305 | 0.02305 | - | - | - |
| 12/16/2011 | 12/20/2011 | 12/30/2011 | 0.16794 | 0.16794 | - | - | - |
| 06/17/2011 | 06/21/2011 | 06/30/2011 | 0.03082 | 0.03082 | - | - | - |
| 12/17/2010 | 12/21/2010 | 12/31/2010 | 0.25399 | 0.25399 | - | - | - |
| 09/17/2010 | 09/21/2010 | 09/30/2010 | 0.04936 | 0.04936 | - | - | - |
| 12/18/2009 | 12/22/2009 | 12/31/2009 | 0.10460 | 0.10460 | - | - | - |
| 12/19/2008 | 12/23/2008 | 12/31/2008 | 0.00922 | 0.00922 | - | - | - |
Distribution Information
QQQ/BLDRs (ADRA, ADRD, ADRE, and ADRU)
Fund distributions
Dividends from net investment income, if any, are declared and paid quarterly. For Funds on a quarterly dividend payment cycle, the dividend ex-date is the next business day following the third Friday of each March, June, September and December, payable the last business day of April, July, October and December respectively.
The fund distributes its net realized capital gains, if any, to shareholders annually.
Distributions in cash may be reinvested automatically in additional whole shares of the fund only if the broker through whom you purchased shares makes such option available. Shareholders of the fund may contact their broker to determine the availability and costs of the service and the details of participation. Brokers may require shareholders to adhere to specific procedures and timetables. If this service is available and used, dividend distributions of both income and realized gains will be automatically reinvested in additional whole shares of the fund purchased in the secondary market.
Taxes on distributions
In general, your distributions are subject to federal income tax when they are paid, whether you take them in cash or reinvest them in the Fund. Dividends paid out of the Fund's income and net short-term gains, if any, are taxable as ordinary income. Distributions of net long-term capital gains, if any, in excess of net short-term capital losses are taxable as long-term capital gains, regardless of how long you have held the Shares. Dividends from net investment income, if any, are declared and paid quarterly. The Fund may also pay a special distribution at the end of the calendar year to comply with federal tax requirements.
Under the provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003 (the "2003 Tax Act"), long-term capital gains tax rates have generally been reduced for individuals to a maximum of 15% for taxable years beginning before January 1, 2009. In addition, some ordinary dividends declared and paid by the Fund to individual shareholders may qualify for taxation at the lower reduced tax rates applicable to long-term capital gains, provided that holding period and other requirements are met by the Fund and the shareholder.
Distributions in excess of the Fund's current and accumulated earnings and profits are treated as a tax-free return of capital to the extent of your basis in the Shares, and as capital gain thereafter. A distribution will reduce the Fund's net asset value per Share and may be taxable to you as ordinary income or capital gain even though, from an investment standpoint, the distribution may constitute a return of capital.
By law, the Fund must withhold a percentage of your distributions and proceeds if you have not provided a taxpayer identification number or social security number. The backup withholding rate is currently 28%.
Fund distributions
Dividends from net investment income, if any, are declared and paid either annually, quarterly or monthly, depending on the Fund. For funds on an annual dividend payment cycle, the dividend ex-date is the next business day following the third Friday of December, payable the last business day of the year. For funds on a quarterly dividend payment cycle, the dividend ex-date is the next business day following the third Friday of each March, June, September and December, payable the last business day of the month. For funds on a monthly dividend payment cycle, the dividend ex-date is the next business day following the third Friday of each month, payable the last business day of the month.
The fund distributes its net realized capital gains, if any, to shareholders annually.
Distributions in cash may be reinvested automatically in additional whole shares of the fund only if the broker through whom you purchased shares makes such option available. Shareholders of the fund may contact their broker to determine the availability and costs of the service and the details of participation. Brokers may require shareholders to adhere to specific procedures and timetables. If this service is available and used, dividend distributions of both income and realized gains will be automatically reinvested in additional whole shares of the fund purchased in the secondary market.
Taxes on distributions
In general, your distributions are subject to federal income tax when they are paid, whether you take them in cash or reinvest them in the Fund. Dividends paid out of the Fund's income and net short-term gains, if any, are taxable as ordinary income. Distributions of net long-term capital gains, if any, in excess of net short-term capital losses are taxable as long-term capital gains, regardless of how long you have held the Shares. Dividends from net investment income, if any, are declared and paid quarterly. The Fund may also pay a special distribution at the end of the calendar year to comply with federal tax requirements.
Under the provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003 (the "2003 Tax Act"), long-term capital gains tax rates have generally been reduced for individuals to a maximum of 15% for taxable years beginning before January 1, 2009. In addition, some ordinary dividends declared and paid by the Fund to individual shareholders may qualify for taxation at the lower reduced tax rates applicable to long-term capital gains, provided that holding period and other requirements are met by the Fund and the shareholder.
Distributions in excess of the Fund's current and accumulated earnings and profits are treated as a tax-free return of capital to the extent of your basis in the Shares, and as capital gain thereafter. A distribution will reduce the Fund's net asset value per Share and may be taxable to you as ordinary income or capital gain even though, from an investment standpoint, the distribution may constitute a return of capital.
By law, the Fund must withhold a percentage of your distributions and proceeds if you have not provided a taxpayer identification number or social security number. The backup withholding rate is currently 28%.
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% |
| 03/31/2018 | 61 | 11 | 1 | 0 | 0 | 0 | 0 |
| 12/31/2017 | 63 | 9 | 0 | 0 | 0 | 0 | 0 |
| 09/30/2017 | 63 | 29 | 3 | 2 | 0 | 0 | 0 |
| 06/30/2017 | 63 | 32 | 8 | 2 | 0 | 0 | 0 |
| Year Ended 2017 | 251 | 86 | 15 | 4 | 0 | 0 | 0 |
| 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% |
| 03/31/2018 | 61 | 33 | 14 | 2 | 0 | 0 | 0 |
| 12/31/2017 | 63 | 41 | 12 | 1 | 0 | 0 | 0 |
| 09/30/2017 | 63 | 18 | 11 | 0 | 0 | 0 | 0 |
| 06/30/2017 | 63 | 15 | 4 | 2 | 0 | 0 | 0 |
| Year Ended 2017 | 251 | 99 | 36 | 8 | 2 | 1 | 0 |
Fund Inception: 09/18/2008
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.
Fund Documents
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.
Investments focused in a particular industry, such as agriculture, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.
The risks of investing in securities of foreign issuers, including emerging market issuers, can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues.
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.
The Fund is non-diversified and may experience greater volatility than a more diversified investment.
Since publicly traded limited partnerships are less common form of organizational structure than corporations, limited partnership units may be less liquid than publicly traded common stock.
Tracking stock may decline in value even if the common stock of the larger company increases in value.
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 MSCI EAFE® Index is an unmanaged index considered representative of stocks of Europe, Australasia and the Far East. The index is computed using the net return, which withholds applicable taxes for non-resident investors.
NASDAQ®, OMXTM and NASDAQ OMX Global Agriculture IndexSM are trade/service marks of The NASDAQ OMX Group, Inc. (which with its affiliates is referred to as the "Corporations") and are licensed for use by Invesco. The Product has not been passed on by the Corporations as to its legality or suitability. The Product is not issued, endorsed, sold, or promoted by the Corporations. The Corporations make no warranties and bear no liability with respect to the product.