The Invesco MSCI Sustainable Future ETF (Fund) is based on the MSCI Global Environment Select Index (Index). The Fund will generally invest at least 90% of its total assets in securities that comprise the Index. The Index is comprised of companies that focus on offering products or services that contribute to a more environmentally sustainable economy by making a more efficient use of global resources. The Index is designed to maximize exposure to six Environmental Impact Themes: alternative energy, energy efficiency, green building, sustainable water, pollution prevention and control, and sustainable agriculture. The Fund and the Index are rebalanced quarterly.
Effective at the close of markets on March 24, 2021, the Fund’s name, ticker, underlying index, index provider, objective and strategy changed. The Fund’s name changed from the Invesco Cleantech ETF to the Invesco MSCI Sustainable Future ETF, its ticker changed from PZD to ERTH, its Underlying Index changed from the Cleantech Index to the MSCI Global Environment Select Index, the index provider changed from Cleantech Indices LLC to MSCI Inc., its objective changed to track the investment results of the new index, and its strategy changed to generally invest 90% of its total assets in securities that comprise the new Underlying Index. In completing its transition to tracking the new Underlying Index, the Fund experienced greater-than-normal portfolio sales, which may cause the Fund to realize higher-than-normal capital gains. Investors should consult with their tax advisor and review all potential tax considerations when determining whether to invest. See the Prospectus for more information.
|Index History (%)||YTD||1Yr||3Yr||5Yr||10Yr||Since Inception|
|MSCI Global Environment Select Index-NR||-2.66||N/A||N/A||N/A||N/A||N/A|
|S&P 500 Index||12.62||40.32||18.00||17.16||14.38||10.21|
|Fund History (%)|
|After Tax Held||-1.46||56.72||19.99||19.73||10.49||8.29|
|After Tax Sold||-0.83||33.68||15.91||16.23||8.78||7.03|
|Fund Market Price||-1.54||56.99||20.02||19.98||10.68||8.43|
|Index History (%)||YTD||1Yr||3Yr||5Yr||10Yr||Since Inception|
|MSCI Global Environment Select Index-NR||-1.81||N/A||N/A||N/A||N/A||N/A|
|S&P 500 Index||6.17||56.35||16.78||16.29||13.91||9.88|
|Fund History (%)|
|After Tax Held||0.20||99.27||21.40||20.77||10.54||8.52|
|After Tax Sold||0.15||58.90||17.06||17.13||8.83||7.23|
|Fund Market Price||0.48||100.36||21.57||21.15||10.78||8.69|
Cleantech Index returns shown are price return.
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.
Please keep in mind that high, double-digit and/or triple-digit returns are highly unusual and cannot be sustained.
Growth of $10,000
Data beginning 10 years prior to the ending date of 03/31/2021. 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.
MSCI Global Environment Select Index* performance prior to 3/24/2021 reflects that of the original Underlying Index Cleantech Index. From 3/24/2021, forward, the Index performance reflects that of the Underlying Index MSCI Global Environment Select Index AND IS NOT INTENDED FOR ANY THIRD PARTY USE.
|Sector||Percent of Fund|
Top Country Allocation
Market Cap & Style Allocations
as of 06/16/2021 Top Holdings | View All
Fund Holdings subject to change
|Ticker||Company||% of Fund|
|NIO||NIO Inc ADR||6.12|
|DLR||Digital Realty Trust Inc||4.89|
|VWS DC||Vestas Wind Systems A/S||4.76|
|9022 JP||Central Japan Railway Co||4.46|
|ENPH||Enphase Energy Inc||3.56|
|ALO FP||Alstom SA||2.89|
|PLUG||Plug Power Inc||2.84|
|KSP||Kingspan Group PLC||2.79|
|LI||Li Auto Inc ADR||2.56|
Risk & Other Information
Unlike many investment companies, the Fund does not utilize an investing strategy that seeks returns in excess of its Underlying Index. Therefore, the Fund would not necessarily buy or sell a security unless that security is added or removed, respectively, from its Underlying Index, even if that security generally is underperforming.
Investments focused in a particular sector, such as industrials, 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.
REITs are pooled investment vehicles that trade like stocks and invest substantially all of their assets in real estate and may qualify for special tax considerations. REITs are subject to risks inherent in the direct ownership of real estate. A company’s failure to qualify as a REIT under federal tax law may have adverse consequences to the REIT’s shareholders. REITs may have expenses, including advisory and administration, and REIT shareholders will incur a proportionate share of the underlying expenses.
The performance of an investment concentrated in issuers of a certain region or country, such as Asia Pacific, is expected to be closely tied to conditions within that region and to be more volatile than more geographically diversified investments.
Renewable and alternative energy companies can be significantly affected by the following factors: obsolescence of existing technology, short product cycles, legislation resulting in more strict government regulations and enforcement policies, fluctuations in energy prices and supply and demand of alternative energy fuels, energy conservation, the success of exploration projects, the supply of and demand for oil and gas, world events and economic conditions. Clean energy companies have been significantly more volatile than companies in more established industries and may be subject to sharp price declines. The clean energy industry is relatively nascent in comparison to more established and mature sectors, and therefore is subject to greater risk.
The Fund relies on the Index Provider to identify securities in the Index that reflect Environmental Impact Themes. Fund performance may suffer if such securities are not correctly identified, if an Environmental Impact Theme develops in an unexpected manner or if the Index’s securities do not benefit from the development of such themes. Information used by the Index Provider to evaluate ESG factors may not be readily available, complete or accurate, which could negatively impact the Index Provider’s ability to apply its ESG standards when compiling the Index, and as result Fund performance may negatively impacted. Performance may also be impacted by the inclusion of non-theme-relevant exposures in the Index. There is no guarantee that the Index will reflect exposures to the intended Environmental Impact Themes.
MSCI ACWI Investable Market Index is composed of more than 8,700 securities of large-, mid- and small-capitalization companies located in both developed and emerging market countries around the world.
Shares are not individually redeemable and owners of the Shares may acquire those Shares from the Fund and tender those Shares for redemption to the Fund in Creation Unit aggregations only, typically consisting of 50,000 Shares.
The Invesco MSCI Sustainable Future ETF or securities referred to herein are not sponsored, endorsed, or promoted by MSCI Inc. (“MSCI”), and MSCI bears no liability with respect to the fund or securities or any index on which the Invesco MSCI Sustainable Future ETF or securities are based. MSCI AND THE MSCI INDEX NAME ARE SERVICE MARK(S) OF MSCI OR ITS AFFILIATES AND HAVE BEEN LICENSED FOR USE FOR CERTAIN PURPOSES BY INVESCO CAPITAL MANAGEMENT LLC (“ADVISER”).