Institutional

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Equity | International and Global Equity

Invesco RAFI™ Strategic Emerging Markets ETF

Product Details

The Invesco RAFITM Strategic Emerging Markets ETF (Fund) is based on the Invesco Strategic Emerging Markets 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 emerging market companies. 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. For real estate securities, operating cash flow is replaced by funds from operations and book value is replaced by 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 Emerging Markets Index 3.33 3.33 N/A N/A N/A 6.46
MSCI Emerging Markets Index 18.31 18.31 6.17 12.81 3.63 14.09
Fund History (%)
Fund NAV 3.00 3.00 N/A N/A N/A 5.95
After Tax Held 1.70 1.70 N/A N/A N/A 5.09
After Tax Sold 1.66 1.66 N/A N/A N/A 4.29
Fund Market Price 2.74 2.74 N/A N/A N/A 5.86
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Invesco Strategic Emerging Markets Index 3.33 3.33 N/A N/A N/A 6.46
MSCI Emerging Markets Index 18.31 18.31 6.17 12.81 3.63 14.09
Fund History (%)
Fund NAV 3.00 3.00 N/A N/A N/A 5.95
After Tax Held 1.70 1.70 N/A N/A N/A 5.09
After Tax Sold 1.66 1.66 N/A N/A N/A 4.29
Fund Market Price 2.74 2.74 N/A N/A N/A 5.86

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 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.

as of 01/15/2021

Sector Allocation

Sector Percent of Fund
Energy 21.14%
Consumer Discretionary 16.54%
Financials 14.07%
Information Technology 13.80%
Materials 12.81%
Communication Services 6.72%
Industrials 4.69%
Consumer Staples 4.47%
Utilities 3.33%
Real Estate 1.21%
Health Care 1.14%
Investment Companies 0.08%
as of 01/15/2021

Top Country Allocation

Country Percentage
China 51.90%
Taiwan 12.32%
Brazil 10.60%
Russia 6.61%
Mexico 4.48%
India 4.36%
South Africa 2.93%
Thailand 1.12%
Poland 0.96%
Malaysia 0.80%
as of 01/14/2021

Market Cap & Style Allocations

Large-Cap Value 43.74%
Large-Cap Blend 29.13%
Large-Cap Growth 9.30%
Mid-Cap Value 10.93%
Mid-Cap Blend 4.38%
Mid-Cap Growth 0.21%
Small-Cap Value 1.98%
Small-Cap Blend 0.21%
Small-Cap Growth 0.12%

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

Fund Holdings subject to change

Ticker Company % of Fund
BABA Alibaba Group Holding Ltd ADR 5.59
857 HK PetroChina Co Ltd 4.75
386 HK China Petroleum & Chemical Corp 4.32
2330 TT Taiwan Semiconductor Manufacturing Co Ltd 3.41
2318 HK Ping An Insurance Group Co of China Ltd 3.19
2628 HK China Life Insurance Co Ltd 2.84
JD JD.com Inc ADR 2.58
PETR4 Petroleo Brasileiro SA 2.55
GAZP RM Gazprom PJSC 1.98
2317 TT Hon Hai Precision Industry Co Ltd 1.88
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 0.16191 0.16191 - - - -
09/21/2020 09/22/2020 09/30/2020 0.31734 0.31734 - - - -
06/22/2020 06/23/2020 06/30/2020 0.21864 0.21864 - - - -
03/23/2020 03/24/2020 03/31/2020 0.02678 0.02678 - - - -
12/23/2019 12/24/2019 12/31/2019 0.07958 0.07958 - - - -
09/23/2019 09/24/2019 09/30/2019 0.25915 0.25915 - - - -
06/24/2019 06/25/2019 06/28/2019 0.23453 0.23453 - - - -
03/18/2019 03/19/2019 03/29/2019 0.03345 0.03345 - - - -
12/24/2018 12/26/2018 12/31/2018 0.10954 0.10954 - - - -

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 6 14 34 8 0 0
09/30/2020 64 8 15 33 6 0 0
06/30/2020 63 14 15 17 4 0 0
03/31/2020 62 14 8 11 3 0 0
Year Ended 2020 253 42 52 95 21 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 2 0 0 0 0 0
09/30/2020 64 1 1 0 0 0 0
06/30/2020 63 7 5 0 0 0 1
03/31/2020 62 11 6 6 1 0 2
Year Ended 2020 253 21 12 6 1 0 3

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 Funds 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, including emerging market issuers, can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues.

Investments that derive a majority of their revenues from China are likely to be more volatile than other issuers. Chinas economy differs, often unfavorably, from the U.S. Historically, the Chinese government has exercised substantial control over virtually every sector of its economy through administrative regulation and/or state ownership; resulting in a substantial effect on its economy. Non-Chinese investors have difficulty access securities in China directly due to investment and trading restrictions, which may impact the availability, liquidity, and pricing of certain securities.

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.

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.

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 Emerging Markets 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.

Beta is a measure of risk representing how a security is expected to respond to general market movements. Smart Beta represents an alternative and selection index based methodology that seeks to outperform a benchmark or reduce portfolio risk, or both. Smart beta funds may underperform cap-weighted benchmarks and increase portfolio risk.