Product Details
The Invesco S&P Emerging Markets Low Volatility ETF (the "Fund") is based on the S&P BMI Emerging Markets Low Volatility Index (the "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 and consists of the 200 least volatile stocks (over the trailing 12 months) of the S&P Emerging Plus LargeMidCap Index. 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.
Factor DNATM
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Factor score methodology
Factor scores are calculated for every stock within the starting universe, Russell 3000 Index and Russell Global ex-US Index. Factor scores are normalized using z-scores with a mean of zero and a standard deviation of one. A normalized score is then calculated for both the fund and index shown based on the weighted average normalized scores of their underlying stocks. The Factor DNATM chart plots the difference in the fund's normalized score for each factor, in standard deviations, relative to the index shown with a range of -1.5 to 1.5. The index shown serves as the baseline and is plotted at zero.
See notes below for factor definitions.
Try the Factor eXposure ToolLow volatility – Annualized 252-day standard deviation of the stock’s price. Lower standard deviations receive a higher factor exposure score. Dividend yield – Total dividends paid by the stock over the past 12 months divided by its current price. Quality – Each fundamental ratio is standardized using a z-score relative to its universe before averaging (return on equity - accruals ratio - debt to common equity) / three. Value – Each fundamental ratio is standardized using a z-score relative to its universe before averaging (earnings/price + book value/price + sales/price) / three. Momentum – 12-month return excluding the most recent month. The return is risk adjusted using the standard deviation of daily price returns over the past year. Size – Stock's market capitalization in USD. Lower market capitalization companies receive a higher factor exposure score.
Factor DNATM
Financial Professionals - Log in to view the fund’s Factor DNATM chart
Factor score methodology
Factor scores are calculated for every stock within the starting universe, Russell 3000 Index and Russell Global ex-US Index. Factor scores are normalized using z-scores with a mean of zero and a standard deviation of one. A normalized score is then calculated for both the fund and index shown based on the weighted average normalized scores of their underlying stocks. The Factor DNATM chart plots the difference in the fund's normalized score for each factor, in standard deviations, relative to the index shown with a range of -1.5 to 1.5. The index shown serves as the baseline and is plotted at zero.
See notes below for factor definitions.
Try the Factor eXposure ToolLow volatility – Annualized 252-day standard deviation of the stock’s price. Lower standard deviations receive a higher factor exposure score. Dividend yield – Total dividends paid by the stock over the past 12 months divided by its current price. Quality – Each fundamental ratio is standardized using a z-score relative to its universe before averaging (return on equity - accruals ratio - debt to common equity) / three. Value – Each fundamental ratio is standardized using a z-score relative to its universe before averaging (earnings/price + book value/price + sales/price) / three. Momentum – 12-month return excluding the most recent month. The return is risk adjusted using the standard deviation of daily price returns over the past year. Size – Stock's market capitalization in USD. Lower market capitalization companies receive a higher factor exposure score.
Performance
| Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
|---|---|---|---|---|---|---|
| S&P BMI Emerging Markets Low Volatility Index | -1.95 | -1.95 | 0.49 | 6.07 | N/A | 2.69 |
| MSCI Emerging Markets Index | 18.31 | 18.31 | 6.17 | 12.81 | 3.63 | 5.98 |
| Fund History (%) | ||||||
| Fund NAV | -2.51 | -2.51 | -0.16 | 5.35 | N/A | 1.89 |
| After Tax Held | -3.84 | -3.84 | -1.09 | 4.57 | N/A | 1.36 |
| After Tax Sold | -1.63 | -1.63 | -0.16 | 4.18 | N/A | 1.59 |
| Fund Market Price | -3.67 | -3.67 | -0.28 | 5.46 | N/A | 1.72 |
| Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
|---|---|---|---|---|---|---|
| S&P BMI Emerging Markets Low Volatility Index | -1.95 | -1.95 | 0.49 | 6.07 | N/A | 2.69 |
| MSCI Emerging Markets Index | 18.31 | 18.31 | 6.17 | 12.81 | 3.63 | 5.98 |
| Fund History (%) | ||||||
| Fund NAV | -2.51 | -2.51 | -0.16 | 5.35 | N/A | 1.89 |
| After Tax Held | -3.84 | -3.84 | -1.09 | 4.57 | N/A | 1.36 |
| After Tax Sold | -1.63 | -1.63 | -0.16 | 4.18 | N/A | 1.59 |
| Fund Market Price | -3.67 | -3.67 | -0.28 | 5.46 | N/A | 1.72 |
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 09/30/2020. 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
| Sector | Percent of Fund |
|---|---|
| Financials | 28.71% |
| Information Technology | 13.58% |
| Consumer Staples | 11.72% |
| Communication Services | 10.61% |
| Materials | 10.56% |
| Industrials | 8.78% |
| Utilities | 5.20% |
| Real Estate | 3.07% |
| Consumer Discretionary | 3.02% |
| Health Care | 2.44% |
| Energy | 2.42% |
Top Country Allocation
| Country | Percentage |
|---|---|
| Taiwan | 40.40% |
| China | 17.61% |
| Saudi Arabia | 10.31% |
| Malaysia | 7.41% |
| South Korea | 4.75% |
| Qatar | 4.35% |
| Mexico | 4.23% |
| Turkey | 2.77% |
| Thailand | 2.22% |
| United Arab Emirates | 1.85% |
Market Cap & Style Allocations
| Large-Cap Value | 30.24% |
| Large-Cap Blend | 22.29% |
| Large-Cap Growth | 2.26% |
| Mid-Cap Value | 26.05% |
| Mid-Cap Blend | 15.82% |
| Mid-Cap Growth | 2.17% |
| Small-Cap Value | 1.17% |
| Small-Cap Blend | - |
| Small-Cap Growth | - |
Quality Allocations† as of 01/15/2021
| S&P | Moody's |
|---|---|
| AA : 0% | Aa : 0% |
| A : 0% | A : 0% |
| BBB : 0% | Baa : 0% |
as of 01/15/2021 Top Holdings | View All
Fund Holdings subject to change
| Ticker | Company | % of Fund |
|---|---|---|
| 2412 TT | Chunghwa Telecom Co Ltd | 1.39 |
| ELEKTRA* M | Grupo Elektra SAB DE CV | 1.09 |
| 3045 TT | Taiwan Mobile Co Ltd | 0.94 |
| 4904 TT | Far EasTone Telecommunications Co Ltd | 0.84 |
| 2882 TT | Cathay Financial Holding Co Ltd | 0.75 |
| 2886 TT | Mega Financial Holding Co Ltd | 0.74 |
| 2002 TT | China Steel Corp | 0.73 |
| 2354 TT | Foxconn Technology Co Ltd | 0.73 |
| 2912 TT | President Chain Store Corp | 0.72 |
| 2324 TT | Compal Electronics Inc | 0.72 |
Distributions | HideView All | Distribution Information
| Ex-Date | Record Date | Pay Date | $/ Share |
Ordinary Income | Short Term Gains | Long Term Gains | Return of Capital | Liquidation Distribution |
|---|---|---|---|---|---|---|---|---|
| 12/21/2020 | 12/22/2020 | 12/31/2020 | 0.06703 | 0.06703 | - | - | - | - |
| 09/21/2020 | 09/22/2020 | 09/30/2020 | 0.20516 | 0.20516 | - | - | - | - |
| 06/22/2020 | 06/23/2020 | 06/30/2020 | 0.14611 | 0.14611 | - | - | - | - |
| 03/23/2020 | 03/24/2020 | 03/31/2020 | 0.21124 | 0.21124 | - | - | - | - |
| 12/23/2019 | 12/24/2019 | 12/31/2019 | 0.15449 | 0.15449 | - | - | - | - |
| 09/23/2019 | 09/24/2019 | 09/30/2019 | 0.33143 | 0.33143 | - | - | - | - |
| 06/24/2019 | 06/25/2019 | 06/28/2019 | 0.22353 | 0.22353 | - | - | - | - |
| 03/18/2019 | 03/19/2019 | 03/29/2019 | 0.04489 | 0.04489 | - | - | - | - |
| 12/24/2018 | 12/26/2018 | 12/31/2018 | 0.51516 | 0.51516 | - | - | - | - |
| 09/24/2018 | 09/25/2018 | 09/28/2018 | 0.56401 | 0.56401 | - | - | - | - |
| 06/18/2018 | 06/19/2018 | 06/29/2018 | 0.15032 | 0.15032 | - | - | - | - |
| 03/19/2018 | 03/20/2018 | 03/29/2018 | 0.02298 | 0.02298 | - | - | - | - |
| 12/18/2017 | 12/19/2017 | 12/29/2017 | 0.27095 | 0.27095 | - | - | - | - |
| 09/18/2017 | 09/19/2017 | 09/29/2017 | 0.29434 | 0.29434 | - | - | - | - |
| 06/16/2017 | 06/20/2017 | 06/30/2017 | 0.13432 | 0.13432 | - | - | - | - |
| 03/17/2017 | 03/21/2017 | 03/31/2017 | 0.03936 | 0.03936 | - | - | - | - |
| 12/16/2016 | 12/20/2016 | 12/30/2016 | 0.14062 | 0.14062 | - | - | - | - |
| 09/16/2016 | 09/20/2016 | 09/30/2016 | 0.20630 | 0.20630 | - | - | - | - |
| 06/17/2016 | 06/21/2016 | 06/30/2016 | 0.13273 | 0.13273 | - | - | - | - |
| 03/18/2016 | 03/22/2016 | 03/31/2016 | - | - | - | - | - | - |
| 12/18/2015 | 12/22/2015 | 12/31/2015 | 0.14803 | 0.14803 | - | - | - | - |
| 09/18/2015 | 09/22/2015 | 09/30/2015 | 0.26942 | 0.26942 | - | - | - | - |
| 06/19/2015 | 06/23/2015 | 06/30/2015 | 0.09640 | 0.09640 | - | - | - | - |
| 03/20/2015 | 03/24/2015 | 03/31/2015 | - | - | - | - | - | - |
| 12/19/2014 | 12/23/2014 | 12/31/2014 | 0.29116 | 0.29116 | - | - | - | - |
| 09/19/2014 | 09/23/2014 | 09/30/2014 | 0.30995 | 0.30995 | - | - | - | - |
| 06/20/2014 | 06/24/2014 | 06/30/2014 | 0.16309 | 0.16309 | - | - | - | - |
| 03/21/2014 | 03/25/2014 | 03/31/2014 | 0.06580 | 0.06580 | - | - | - | - |
| 12/20/2013 | 12/24/2013 | 12/31/2013 | 0.18301 | 0.18301 | - | - | - | - |
| 09/20/2013 | 09/24/2013 | 09/30/2013 | 0.14136 | 0.14136 | - | - | - | - |
| 06/21/2013 | 06/25/2013 | 06/28/2013 | 0.23779 | 0.23779 | - | - | - | - |
| 03/15/2013 | 03/19/2013 | 03/28/2013 | 0.01959 | 0.01959 | - | - | - | - |
| 12/21/2012 | 12/26/2012 | 12/31/2012 | 0.09640 | 0.09640 | - | - | - | - |
| 09/21/2012 | 09/25/2012 | 09/28/2012 | 0.08489 | 0.08489 | - | - | - | - |
| 06/15/2012 | 06/19/2012 | 06/29/2012 | 0.10051 | 0.10051 | - | - | - | - |
| 03/16/2012 | 03/20/2012 | 03/30/2012 | 0.00000 | 0.00000 | - | - | - | - |
Distribution Information
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% |
| 12/31/2020 | 64 | 2 | 1 | 0 | 0 | 0 | 0 |
| 09/30/2020 | 64 | 10 | 3 | 0 | 0 | 0 | 0 |
| 06/30/2020 | 63 | 2 | 3 | 0 | 0 | 0 | 0 |
| 03/31/2020 | 62 | 9 | 4 | 6 | 0 | 0 | 0 |
| Year Ended 2020 | 253 | 23 | 11 | 6 | 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% |
| 12/31/2020 | 64 | 14 | 17 | 29 | 1 | 0 | 0 |
| 09/30/2020 | 64 | 17 | 15 | 17 | 2 | 0 | 0 |
| 06/30/2020 | 63 | 6 | 12 | 24 | 14 | 1 | 1 |
| 03/31/2020 | 62 | 12 | 10 | 14 | 3 | 3 | 1 |
| Year Ended 2020 | 253 | 49 | 54 | 84 | 20 | 4 | 2 |
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.
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.
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.
Investments focused in a particular sector, such as financial, are subject to greater risk, and are more greatly impacted by market volatility, than more 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.
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 Taiwan, is expected to be closely tied to conditions within that region and to be more volatile than more geographically diversified investments.
The MSCI Emerging Markets Index is an unmanaged index considered representative of stocks of developing countries. 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).
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