Equity | International and Global Equity

Invesco S&P International Developed Low Volatility ETF

Ticker: IDLV
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Product Details

The Invesco S&P International Developed Low Volatility ETF (Fund) is based on the S&P BMI International Developed Low Volatility Index (Index). The Fund generally will invest at least 90% of its total assets in the securities of companies that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poor's Dow Jones Industrial measures the realized volatility of the Index's 200 constituents over the trailing 12 months and weights constituents so that the least volatile stocks receive the highest weights. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. The Fund and the Index are rebalanced and reconstituted quarterly.

as of 10/31/2022

Factor DNATM

Source: Axioma, Inc.

Factor score methodology

Axioma is used to calculate the data that goes into the charts. We use Axioma's global short time horizon risk model.

The current factor exposures of the ETF relative to its benchmark index are shown using the bars in the chart. Each factor's band indicates the +/- one standard deviation exposure of the fund to that factor over the past three years.

The bar color is determined by comparing the number of standard deviations the current exposure is from the average three-year exposure. Higher exposures are a bright color, while lower exposures are a dark color.

See notes below for factor definitions.

Factor definitions

Value: Book to price; Small size: Natural log of the total issuer market capitalization average over the last month. Companies with a smaller market cap receive a higher score; Profitability: considers return-on-equity, return-on-assets, cash-flow-to-assets, cash-flow-to-income, gross margin and sales-to-assets; Momentum: cumulative return over last 20 days; Low Volatility: square root of 60-day average of absolute return / cross sectional market volatility. Lower volatility stocks receive a higher score; Leverage: equal weight average of debt-to-assets and debt-to-equity; Growth: equal weight average of earnings growth rate and the sales growth rate; Dividend Yield: trailing 12-month dividend yield.

as of 10/31/2022

Factor DNATM

Factor score methodology

Axioma is used to calculate the data that goes into the charts. We use Axioma's global short time horizon risk model.

The current factor exposures of the ETF relative to its benchmark index are shown using the bars in the chart. Each factor's band indicates the +/- one standard deviation exposure of the fund to that factor over the past three years.

The bar color is determined by comparing the number of standard deviations the current exposure is from the average three-year exposure. Higher exposures are a bright color, while lower exposures are a dark color.

See notes below for factor definitions.

Factor definitions

Value: Book to price; Small size: Natural log of the total issuer market capitalization average over the last month. Companies with a smaller market cap receive a higher score; Profitability: considers return-on-equity, return-on-assets, cash-flow-to-assets, cash-flow-to-income, gross margin and sales-to-assets; Momentum: cumulative return over last 20 days; Low Volatility: square root of 60-day average of absolute return / cross sectional market volatility. Lower volatility stocks receive a higher score; Leverage: equal weight average of debt-to-assets and debt-to-equity; Growth: equal weight average of earnings growth rate and the sales growth rate; Dividend Yield: trailing 12-month dividend yield.

as of 03/31/2024 03/31/2024

Performance

Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
S&P BMI International Developed Low Volatility Index 0.48 6.69 1.24 0.94 2.56 4.73
MSCI EAFE Index 5.78 15.32 4.78 7.33 4.80 7.10
Fund History (%)
Fund NAV 0.38 6.53 1.17 0.89 2.51 4.66
After Tax Held 0.08 5.40 0.06 -0.23 1.48 3.71
After Tax Sold 0.22 4.11 0.66 0.47 1.76 3.56
Fund Market Price 0.70 6.12 1.17 0.83 2.44 4.61
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
S&P BMI International Developed Low Volatility Index 0.48 6.69 1.24 0.94 2.56 4.73
MSCI EAFE Index 5.78 15.32 4.78 7.33 4.80 7.10
Fund History (%)
Fund NAV 0.38 6.53 1.17 0.89 2.51 4.66
After Tax Held 0.08 5.40 0.06 -0.23 1.48 3.71
After Tax Sold 0.22 4.11 0.66 0.47 1.76 3.56
Fund Market Price 0.70 6.12 1.17 0.83 2.44 4.61

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 03/31/2024

Growth of $10,000

Data beginning Fund inception and ending 03/31/2024. 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 04/15/2024

Sector Allocation

Sector Percent of Fund
Financials 21.44%
Industrials 19.86%
Consumer Staples 15.17%
Real Estate 11.13%
Utilities 8.83%
Communication Services 8.32%
Consumer Discretionary 6.40%
Health Care 3.99%
Materials 2.44%
Energy 1.55%
Information Technology 0.92%
as of 04/15/2024

Top Country Allocation

Country Percentage
Japan 24.08%
Canada 17.96%
Australia 12.18%
United Kingdom 6.69%
France 5.42%
Singapore 5.08%
Germany 4.07%
Netherlands 3.14%
Switzerland 3.09%
United States 2.77%
as of 04/11/2024

Market Cap & Style Allocations

Large-Cap Value 23.20%
Large-Cap Blend 29.27%
Large-Cap Growth 12.93%
Mid-Cap Value 4.72%
Mid-Cap Blend 25.03%
Mid-Cap Growth 4.42%
Small-Cap Value -
Small-Cap Blend 0.42%
Small-Cap Growth -

as of 04/15/2024 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
KPN Koninklijke KPN NV 0.78
OCBC SP Oversea-Chinese Banking Corp Ltd 0.70
9434 JP SoftBank Corp 0.66
UOB SP United Overseas Bank Ltd 0.66
SCMN SW Swisscom AG 0.64
SGX SP Singapore Exchange Ltd 0.64
TLS Telstra Group Ltd 0.64
DBS SP DBS Group Holdings Ltd 0.63
HEN3 Henkel AG & Co KGaA 0.62
ORA FP Orange SA 0.62
The characterizations of distributions reflected in this table are as of the date noted below. The actual amounts of income, capital gains and return of capital for tax purposes are only determined after the Fund’s fiscal year end, and may differ from the amounts and characterizations reflected in the chart below. Please refer to the Tax Center for the most current and/or final characterizations of these distributions, including any distributions characterized as return of capital.

Distributions | Hide View All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital Liquidation Distribution
03/18/2024 03/19/2024 03/22/2024 0.20492 0.20492 - - - -
12/18/2023 12/19/2023 12/22/2023 0.19286 0.19286 - - - -
09/18/2023 09/19/2023 09/22/2023 0.22848 0.22848 - - - -
06/20/2023 06/21/2023 06/23/2023 0.27462 0.27462 - - - -
03/20/2023 03/21/2023 03/24/2023 0.31561 0.31561 - - - -
12/19/2022 12/20/2022 12/23/2022 0.16690 0.16690 - - - -
09/19/2022 09/20/2022 09/23/2022 0.30679 0.30679 - - - -
06/21/2022 06/22/2022 06/30/2022 0.54579 0.54579 - - - -
03/21/2022 03/22/2022 03/31/2022 0.23600 0.23600 - - - -
12/20/2021 12/21/2021 12/31/2021 0.28182 0.28182 - - - -
09/20/2021 09/21/2021 09/30/2021 0.22117 0.22117 - - - -
06/21/2021 06/22/2021 06/30/2021 0.22421 0.22421 - - - -
03/22/2021 03/23/2021 03/31/2021 0.22798 0.22798 - - - -
12/21/2020 12/22/2020 12/31/2020 0.06228 0.06228 - - - -
09/21/2020 09/22/2020 09/30/2020 0.20234 0.20234 - - - -
06/22/2020 06/23/2020 06/30/2020 0.19100 0.19100 - - - -
03/23/2020 03/24/2020 03/31/2020 0.23556 0.23556 - - - -
12/23/2019 12/24/2019 12/31/2019 1.00638 1.00638 - - - -
09/23/2019 09/24/2019 09/30/2019 0.31569 0.31569 - - - -
06/24/2019 06/25/2019 06/28/2019 0.21446 0.21446 - - - -
03/18/2019 03/19/2019 03/29/2019 0.14207 0.14207 - - - -
12/24/2018 12/26/2018 12/31/2018 0.32526 0.32526 - - - -
09/24/2018 09/25/2018 09/28/2018 0.27172 0.27172 - - - -
06/18/2018 06/19/2018 06/29/2018 0.48107 0.48107 - - - -
03/19/2018 03/20/2018 03/29/2018 0.09791 0.09791 - - - -
12/18/2017 12/19/2017 12/29/2017 0.45985 0.45985 - - - -
09/18/2017 09/19/2017 09/29/2017 0.21039 0.21039 - - - -
06/16/2017 06/20/2017 06/30/2017 0.31199 0.31199 - - - -
03/17/2017 03/21/2017 03/31/2017 0.04375 0.04375 - - - -
12/16/2016 12/20/2016 12/30/2016 0.50958 0.50958 - - - -
09/16/2016 09/20/2016 09/30/2016 0.20992 0.20992 - - - -
06/17/2016 06/21/2016 06/30/2016 0.33351 0.33351 - - - -
03/18/2016 03/22/2016 03/31/2016 0.06222 0.06222 - - - -
12/18/2015 12/22/2015 12/31/2015 0.50465 0.50465 - - - -
09/18/2015 09/22/2015 09/30/2015 0.17322 0.17322 - - - -
06/19/2015 06/23/2015 06/30/2015 0.34899 0.34899 - - - -
03/20/2015 03/24/2015 03/31/2015 0.09609 0.09609 - - - -
12/19/2014 12/23/2014 12/31/2014 0.29763 0.29763 - - - -
09/19/2014 09/23/2014 09/30/2014 0.17781 0.17781 - - - -
06/20/2014 06/24/2014 06/30/2014 0.40646 0.40646 - - - -
03/21/2014 03/25/2014 03/31/2014 0.12421 0.12421 - - - -
12/20/2013 12/24/2013 12/31/2013 0.30526 0.30526 - - - -
09/20/2013 09/24/2013 09/30/2013 0.16484 0.16484 - - - -
06/21/2013 06/25/2013 06/28/2013 0.21146 0.21146 - - - -
03/15/2013 03/19/2013 03/28/2013 0.09661 0.09661 - - - -
12/21/2012 12/26/2012 12/31/2012 0.35054 0.35054 - - - -
09/21/2012 09/25/2012 09/28/2012 0.10349 0.10349 - - - -
06/15/2012 06/19/2012 06/29/2012 0.11994 0.11994 - - - -
03/16/2012 03/20/2012 03/30/2012 0.13046 0.13046 - - - -

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%
03/31/2024 61 17 4 1 0 0 0
12/31/2023 63 17 8 4 1 0 0
09/30/2023 63 18 6 1 0 0 0
06/30/2023 62 16 12 1 0 0 0
Year Ended 2023 250 71 38 8 1 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%
03/31/2024 61 27 8 3 1 0 0
12/31/2023 63 16 10 7 0 0 0
09/30/2023 63 18 15 5 0 0 0
06/30/2023 62 19 12 2 0 0 0
Year Ended 2023 250 63 49 19 1 0 0

Fund Inception : 01/13/2012

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.

Premiums/Discounts

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

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.

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

There is no assurance that the Fund will provide low volatility.

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

The Fund may become “non-diversified”, as defined under the Investment Company Act of 1940, as amended, solely as a result of a change in relative market capitalization or index weighting of one or more constitutes of the Index. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status under such circumstances.

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.

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

S&P® is a registered trademark of Standard & Poor's Financial Services LLC (S&P) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones). These trademarks have been licensed for use by S&P Dow Jones Indices LLC. S&P® and Standard & Poor's® are trademarks of S&P and Dow Jones® is a trademark of Dow Jones. These trademarks have been sublicensed for certain purposes by Invesco Capital Management LLC. The Index is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Invesco. The Fund is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates and neither S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates make any representation regarding the advisability of investing in such product(s).

© 2021 Axioma, Inc. All Rights Reserved. The information, data, analyses and opinions (“Information”) contained herein: (1) include the proprietary information of Axioma; (2) may not be copied or redistributed except as specifically authorized; (3) do not constitute financial, investment, or legal advice; (4) are provided solely for informational purposes; and (5) are not warranted to be complete, accurate or timely. Axioma is not responsible for any trading decisions, damages or other losses related to the Information or its use. Information should be verified before use and should not be acted upon without first obtaining specific legal, tax, and investment advice from a licensed professional. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.