PIN - Invesco India ETF

Equity - International and Global Equity

Product Details

The Invesco India ETF (the "Fund") is based on the Indus India Index (the "Index"). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index, as well as American depositary receipts and global depositary receipts that represent securities in the Index. The Index is designed to replicate the Indian equity markets as a whole, through a group of 50 Indian stocks selected from a universe of the largest companies listed on two major Indian exchanges. The India Index has 50 constituents, spread among the following sectors: Information Technology, Health Services, Financial Services, Heavy Industry, Consumer Products and Other. The India Index is supervised by an index committee, comprised of representatives of the Index Provider and members of academia specializing in emerging markets. The Fund and the Index are rebalanced and reconstituted quarterly in January, April, July and October.

Effective at the close of markets on Friday, June 21, 2019, the Fund's investment objective, principal investment strategy and underlying index will change. Please see the Fund's prospectus for further information.

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

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
Indus India Index 7.30 6.15 12.94 8.82 10.65 2.70
MSCI India Index 7.16 6.75 11.69 7.87 11.59 2.70
Indus India Index 7.30 6.15 12.94 8.82 10.65 2.70
MSCI India Index 7.16 6.75 11.69 7.87 11.59 2.70
Fund History (%)
Fund NAV 5.83 3.36 11.12 7.38 8.79 0.98
After Tax Held 5.76 3.04 10.86 7.14 8.60 0.81
After Tax Sold 3.45 2.13 8.64 5.77 7.21 0.74
Fund Market Price 5.29 2.01 10.79 7.26 8.72 0.73
Fund NAV 5.83 3.36 11.12 7.38 8.79 0.98
After Tax Held 5.76 3.04 10.86 7.14 8.60 0.81
After Tax Sold 3.45 2.13 8.64 5.77 7.21 0.74
Fund Market Price 5.29 2.01 10.79 7.26 8.72 0.73

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. After Tax Held and After Tax Sold are based on NAV. Returns less than one year are cumulative.

as of 03/31/2019

Growth of $10,000

Data beginning 10 years prior to the ending date of 03/31/2019. 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.

as of 04/18/2019

Sector Allocation

as of 04/18/2019

Top Country Allocation

as of 03/24/2019

Market Cap & Style Allocations

Large-Cap Value 13.68%
Large-Cap Blend 18.81%
Large-Cap Growth 66.91%
Mid-Cap Value -
Mid-Cap Blend 0.60%
Mid-Cap Growth -
Small-Cap Value -
Small-Cap Blend -
Small-Cap Growth -

as of 04/18/2019 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
RIL Reliance Industries Ltd 10.56
INFO Infosys Ltd 8.94
HDFC Housing Development Finance Corp Ltd 7.28
HUVR Hindustan Unilever Ltd 6.49
AXSB Axis Bank Ltd 4.27
TCS Tata Consultancy Services Ltd 4.11
ICICIBC ICICI Bank Ltd 3.00
MSIL Maruti Suzuki India Ltd 2.83
SUNP Sun Pharmaceutical Industries Ltd 2.80
ONGC Oil & Natural Gas Corp Ltd 2.74

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 0.04477 0.04477 - - -
12/24/2018 12/26/2018 12/31/2018 0.23061 0.23061 - - -
09/18/2017 09/19/2017 09/29/2017 0.03566 0.03566 - - -
06/16/2017 06/20/2017 06/30/2017 0.14203 0.14203 - - -
03/17/2017 03/21/2017 03/31/2017 0.08825 0.08825 - - -
12/16/2016 12/20/2016 12/30/2016 0.00922 0.00922 - - -
09/16/2016 09/20/2016 09/30/2016 0.03976 0.03976 - - -
06/17/2016 06/21/2016 06/30/2016 0.07362 0.07362 - - -
03/18/2016 03/22/2016 03/31/2016 0.10493 0.10493 - - -
12/18/2015 12/22/2015 12/31/2015 0.00185 0.00185 - - -
09/18/2015 09/22/2015 09/30/2015 0.04835 0.04835 - - -
06/19/2015 06/23/2015 06/30/2015 0.06817 0.06817 - - -
03/20/2015 03/24/2015 03/31/2015 - - - - -
12/19/2014 12/23/2014 12/31/2014 0.02849 0.02849 - - -
09/19/2014 09/23/2014 09/30/2014 0.07563 0.07563 - - -
06/20/2014 06/24/2014 06/30/2014 0.04246 0.04246 - - -
03/21/2014 03/25/2014 03/31/2014 0.06132 0.06132 - - -
12/20/2013 12/24/2013 12/31/2013 0.00653 0.00653 - - -
09/20/2013 09/24/2013 09/30/2013 0.02609 0.02609 - - -
06/21/2013 06/25/2013 06/28/2013 0.05190 0.05190 - - -
03/15/2013 03/19/2013 03/28/2013 0.00000 0.00000 - - -
12/21/2012 12/26/2012 12/31/2012 0.08648 0.08648 - - -
09/21/2012 09/25/2012 09/28/2012 0.07705 0.07705 - - -
06/15/2012 06/19/2012 06/29/2012 0.03378 0.03378 - - -
03/16/2012 03/20/2012 03/30/2012 0.01758 0.01758 - - -
12/17/2010 12/21/2010 12/31/2010 0.18926 0.18926 - - -
09/17/2010 09/21/2010 09/30/2010 0.04563 0.04563 - - -
12/18/2009 12/22/2009 12/31/2009 0.07495 0.07495 - - -
09/18/2009 09/22/2009 09/30/2009 0.03806 0.03806 - - -
06/19/2009 06/23/2009 06/30/2009 0.01848 0.01848 - - -
12/19/2008 12/23/2008 12/31/2008 0.01535 0.01535 - - -
09/19/2008 09/23/2008 09/30/2008 0.06086 0.06086 - - -
06/20/2008 06/24/2008 06/30/2008 0.03322 0.03322 - - -

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 16 11 2 0 0 0
12/31/2018 63 6 9 8 3 0 0
09/30/2018 63 14 13 8 1 1 0
06/30/2018 64 9 7 2 0 0 0
Year Ended 2018 251 44 43 32 7 1 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%
03/31/2019 61 10 8 12 2 0 0
12/31/2018 63 12 6 8 5 5 1
09/30/2018 63 9 8 6 2 1 0
06/30/2018 64 9 10 23 4 0 0
Year Ended 2018 251 36 28 38 13 7 2

Fund Inception: 03/05/2008

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.


 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.

Indian securities have additional risks, including exchange-rate changes, decreased market liquidity, political instability and taxation by foreign governments. There may be instances where the Underlying Index must liquidate a security because the security has exceeded the limitation of foreign ownership set by the Index's methodology. This liquidation in the index may occur at an inopportune time, resulting in a significant variation between the Index's return and that of the Fund.

The Fund invests substantially all of income in equity securities in Indian rupees. If the currency of the non-US market in which the Fund invests depreciates against the US dollar, the fund's NAV could decline, even if the value of the holdings increases.

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.

The Fund currently intends to effect creations and redemptions principally for cash, rather than principally in-kind because of the nature of the Fund's investments. As such, investments in the Fund may be less tax efficient than investments in ETFs that create and redeem in-kind.

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

Changes in India and/or Mauritius laws could prevent the Subsidiary from operating as intended and/or continuing to qualify as a Mauritius resident for tax purposes; which could negatively affect the Fund. Changes in Treaty provisions could also result in the imposition of various taxes on the Subsidiary by India, thereby reducing the return to the Fund.

The Fund expects that the Subsidiary may be eligible to receive favorable tax treatment pursuant to the Treaty. However, if India and Mauritius were to further re-negotiate the Treaty, any change in its provisions — such as changes to 2016 Protocol — could result in the imposition of withholding and other taxes on the Subsidiary by India, which would reduce the Fund's return.

A natural disaster or other disaster could occur in India and Mauritius that could affect the Indian economy or operations of the Subsidiary, causing an adverse impact on the Fund.

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 Adviser is registered as a foreign institutional investor (FII) with the Securities and Exchange Board of India (SEBI), and the Subsidiary is registered as a sub account with the SEBI to obtain certain benefits relating to the Subsidiary's ability to make and dispose of investments. There can be no assurances that the Indian regulatory authorities will continue to grant such qualifications, and the loss of such qualifications could adversely impact the ability of the Subsidiary to make and dispose of investments in India.

as of 04/18/2019
4:00 PM EST

PIN
Intraday Stats

  • Last Trade $25.66
  • Current IIV $25.60
  • Change $0.06
  • % Change 0.23%
as of 04/18/2019
  • NAV at market close $25.64

as of 04/18/2019

Prior Close

  • Closing Price $25.60
  • Bid/Ask Midpoint $25.60
  • Bid/Ask Prem/Disc -$0.04
  • Bid/Ask Prem/Disc -0.16%
as of 03/31/2019

Fund Characteristics

  • Price/Earnings Ratio1 22.96
  • Price/Book Ratio1 2.79
  • ROE2 21.03%
  • Avg Market Cap2 $40,627MM

1 Weighted Harmonic Average

2 Weighted Average

Fund Details

  • Fund Ticker PIN
  • CUSIP # 46137R109
  • ISIN US46137R1095
  • Intraday NAV PINIV
  • Index Ticker IIINUTR
  • Index Provider Indus Advisors LLC
  • Management Fee 0.78%
  • Total Expense Ratio 0.82%
  • Marginable Yes
  • Short Selling Yes
  • Options Yes
  • Exchange NYSE Arca
  • Inception Date 03/05/2008
  • # of Holdings 50
    as of 04/18/2019
as of 04/18/2019

Quick Facts

  • Previous Close $25.60
  • Open $25.60
  • Today's High $25.67
  • Today's Low $25.50
  • Today's Volume 100,559
  • 47,448 30-Day Avg Trading
    Volume
  • 52 Week High $26.75
  • 52 Week Low $21.36
  • Shares Outstanding 7.35MM
  • Market Value $188.5MM