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Invesco RAFI™ Strategic Developed ex-US ETF

Product Details

The Invesco RAFITM Strategic Developed ex-US ETF (Fund) is based on the Invesco Strategic Developed ex-US Index (Index). The Fund will normally invest at least 80% of its total assets in securities, American depositary receipts (ADRs) and global depositary receipts (GDRs) that comprise the Index. The Index is designed to measure the performance of high quality, large-sized developed market companies, excluding the US. The eligible equity securities are assigned a business-size score based on the equally-weighted average of sales, operating cash flow, total return of capital and book value over the prior five years or life of the security. Real estate securities are assigned a business-size score based on sales, funds from operations, total return of capital and total assets. The securities are then assigned a quality score based on the equally-weighted average of efficiency (ratio of sales-to-assets in the prior year) and growth (percentage change in ratio of sales-to-assets over the prior five years or life of the security). Finally, each eligible security is ranked in descending order by its Business-Size score. For inclusion in the index, securities ranked in the top 90% by Business-Size score are eligible and, of those 80% with the highest Quality score. Securities in the Index are weighted based on their float-adjusted Business-Size scores. The Fund and the Index are reconstituted annually.

as of 12/31/2020 12/31/2020

Performance

Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Invesco Strategic Developed ex-US Index 6.35 6.35 N/A N/A N/A 6.58
MSCI EAFE Index 7.82 7.82 4.28 7.45 5.51 7.62
Fund History (%)
Fund NAV 6.37 6.37 N/A N/A N/A 6.62
After Tax Held 5.22 5.22 N/A N/A N/A 5.75
After Tax Sold 3.60 3.60 N/A N/A N/A 4.76
Fund Market Price 6.61 6.61 N/A N/A N/A 6.53
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Invesco Strategic Developed ex-US Index 6.35 6.35 N/A N/A N/A 6.58
MSCI EAFE Index 7.82 7.82 4.28 7.45 5.51 7.62
Fund History (%)
Fund NAV 6.37 6.37 N/A N/A N/A 6.62
After Tax Held 5.22 5.22 N/A N/A N/A 5.75
After Tax Sold 3.60 3.60 N/A N/A N/A 4.76
Fund Market Price 6.61 6.61 N/A N/A N/A 6.53

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 09/30/2020

Growth of $10,000

Data beginning 10 years prior to the ending date of 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.

as of 01/15/2021

Sector Allocation

Sector Percent of Fund
Industrials 17.38%
Consumer Discretionary 16.49%
Materials 15.37%
Energy 11.98%
Consumer Staples 8.29%
Information Technology 8.18%
Communication Services 6.02%
Financials 5.74%
Health Care 5.26%
Utilities 4.72%
Real Estate 0.56%
Investment Companies 0.01%
as of 01/15/2021

Top Country Allocation

Country Percentage
Japan 19.28%
Canada 14.63%
United Kingdom 12.43%
Germany 8.95%
France 8.43%
South Korea 7.84%
Australia 6.48%
Switzerland 4.90%
Netherlands 2.60%
Sweden 1.80%
as of 01/14/2021

Market Cap & Style Allocations

Large-Cap Value 41.81%
Large-Cap Blend 27.84%
Large-Cap Growth 8.78%
Mid-Cap Value 10.67%
Mid-Cap Blend 6.64%
Mid-Cap Growth 1.70%
Small-Cap Value 2.28%
Small-Cap Blend 0.24%
Small-Cap Growth 0.04%

as of 01/15/2021 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
005930 KS Samsung Electronics Co Ltd 2.57
RDSA LN Royal Dutch Shell PLC 2.48
FP FP TOTAL SE 1.26
7203 JP Toyota Motor Corp 1.21
BP/ LN BP PLC 1.21
DAI Daimler AG 1.14
VOW3 Volkswagen AG 1.08
BHP BHP Group Ltd 1.05
BHP LN BHP Group PLC 0.99
ENB Enbridge Inc 0.95
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 | 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 0.09875 0.09875 - - - -
09/21/2020 09/22/2020 09/30/2020 0.14274 0.14274 - - - -
06/22/2020 06/23/2020 06/30/2020 0.12593 0.12593 - - - -
03/23/2020 03/24/2020 03/31/2020 0.17685 0.17685 - - - -
12/23/2019 12/24/2019 12/31/2019 0.15016 0.15016 - - - -
09/23/2019 09/24/2019 09/30/2019 0.18155 0.18155 - - - -
06/24/2019 06/25/2019 06/28/2019 0.15092 0.15092 - - - -
03/18/2019 03/19/2019 03/29/2019 0.12812 0.12812 - - - -
12/24/2018 12/26/2018 12/31/2018 0.21104 0.21104 - - - -

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 19 16 10 0 0 0
09/30/2020 64 13 20 9 0 0 0
06/30/2020 63 16 15 5 2 0 0
03/31/2020 62 18 3 4 2 1 0
Year Ended 2020 253 66 54 28 4 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%
12/31/2020 64 9 8 2 0 0 0
09/30/2020 64 16 4 2 0 0 0
06/30/2020 63 13 8 3 1 0 0
03/31/2020 62 16 9 7 2 0 0
Year Ended 2020 253 54 29 14 3 0 0

Fund Inception : 09/12/2018

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

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.

Depositary receipts involve many of the same risks as a direct investment in foreign securities, and issuers of certain depositary receipts are under no obligation to distribute shareholder communications to the holders or to pass through to them any voting rights with respect to the deposited securities. The risks of investing in securities of foreign issuers can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues.

The performance of an investment concentrated in issuers of a certain region or country is expected to be closely tied to conditions within that region and to be more volatile than more geographically 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.

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

The Invesco Strategic Developed ex-US Index is a trademark of Invesco Indexing LLC (index provider) and has been licensed for use by Invesco Capital Management LLC (investment adviser). Invesco Indexing LLC, Invesco Capital Management LLC, and Invesco Distributors, Inc. (ETF distributor) are wholly owned, indirect subsidiaries of Invesco Ltd.