Product Details
The Invesco RAFITM Strategic US ETF (Fund) is based on the Invesco Strategic US Index (Index). The Fund will normally invest at least 80% of its total assets in securities that comprise the Index. The Index is designed to measure the performance of high quality, large-sized US companies. The 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.
Performance
| Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
|---|---|---|---|---|---|---|
| Invesco Strategic US Index | 15.38 | 15.38 | N/A | N/A | N/A | 12.49 |
| Russell 1000 Index | 20.96 | 20.96 | 14.82 | 15.60 | 14.01 | 15.06 |
| Fund History (%) | ||||||
| Fund NAV | 15.22 | 15.22 | N/A | N/A | N/A | 12.32 |
| After Tax Held | 14.18 | 14.18 | N/A | N/A | N/A | 11.57 |
| After Tax Sold | 8.87 | 8.87 | N/A | N/A | N/A | 9.24 |
| Fund Market Price | 15.43 | 15.43 | N/A | N/A | N/A | 12.34 |
| Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
|---|---|---|---|---|---|---|
| Invesco Strategic US Index | 15.38 | 15.38 | N/A | N/A | N/A | 12.49 |
| Russell 1000 Index | 20.96 | 20.96 | 14.82 | 15.60 | 14.01 | 15.06 |
| Fund History (%) | ||||||
| Fund NAV | 15.22 | 15.22 | N/A | N/A | N/A | 12.32 |
| After Tax Held | 14.18 | 14.18 | N/A | N/A | N/A | 11.57 |
| After Tax Sold | 8.87 | 8.87 | N/A | N/A | N/A | 9.24 |
| Fund Market Price | 15.43 | 15.43 | N/A | N/A | N/A | 12.34 |
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 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.
Sector Allocation
| Sector | Percent of Fund |
|---|---|
| Information Technology | 20.56% |
| Consumer Discretionary | 14.51% |
| Industrials | 12.46% |
| Health Care | 12.17% |
| Communication Services | 9.84% |
| Energy | 8.63% |
| Consumer Staples | 7.35% |
| Financials | 6.76% |
| Materials | 4.94% |
| Utilities | 2.06% |
| Real Estate | 0.79% |
Market Cap & Style Allocations
| Large-Cap Value | 23.89% |
| Large-Cap Blend | 32.56% |
| Large-Cap Growth | 11.09% |
| Mid-Cap Value | 15.39% |
| Mid-Cap Blend | 8.37% |
| Mid-Cap Growth | 0.88% |
| Small-Cap Value | 6.03% |
| Small-Cap Blend | 1.59% |
| Small-Cap Growth | 0.21% |
as of 01/15/2021 Top Holdings | View All
Fund Holdings subject to change
| Ticker | Company | % of Fund |
|---|---|---|
| AAPL | Apple Inc | 5.20 |
| BRK/B | Berkshire Hathaway Inc | 2.70 |
| GOOGL | Alphabet Inc | 2.14 |
| MSFT | Microsoft Corp | 1.92 |
| XOM | Exxon Mobil Corp | 1.82 |
| T | AT&T Inc | 1.68 |
| GM | General Motors Co | 1.24 |
| F | Ford Motor Co | 1.20 |
| CVX | Chevron Corp | 1.18 |
| FB | Facebook Inc | 1.08 |
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 | 0.14323 | 0.14323 | - | - | - | - |
| 09/21/2020 | 09/22/2020 | 09/30/2020 | 0.12987 | 0.12987 | - | - | - | - |
| 06/22/2020 | 06/23/2020 | 06/30/2020 | 0.12078 | 0.12078 | - | - | - | - |
| 03/23/2020 | 03/24/2020 | 03/31/2020 | 0.14733 | 0.14733 | - | - | - | - |
| 12/23/2019 | 12/24/2019 | 12/31/2019 | 0.13175 | 0.13175 | - | - | - | - |
| 09/23/2019 | 09/24/2019 | 09/30/2019 | 0.12330 | 0.12330 | - | - | - | - |
| 06/24/2019 | 06/25/2019 | 06/28/2019 | 0.12333 | 0.12333 | - | - | - | - |
| 03/18/2019 | 03/19/2019 | 03/29/2019 | 0.11152 | 0.11152 | - | - | - | - |
| 12/24/2018 | 12/26/2018 | 12/31/2018 | 0.15975 | 0.15975 | - | - | - | - |
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 | 24 | 4 | 0 | 0 | 0 | 0 |
| 09/30/2020 | 64 | 27 | 1 | 0 | 0 | 0 | 0 |
| 06/30/2020 | 63 | 24 | 10 | 2 | 0 | 0 | 0 |
| 03/31/2020 | 62 | 23 | 3 | 1 | 0 | 0 | 0 |
| Year Ended 2020 | 253 | 98 | 18 | 3 | 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 | 31 | 3 | 2 | 0 | 0 | 0 |
| 09/30/2020 | 64 | 29 | 6 | 1 | 0 | 0 | 0 |
| 06/30/2020 | 63 | 18 | 7 | 1 | 0 | 1 | 0 |
| 03/31/2020 | 62 | 30 | 1 | 3 | 1 | 0 | 0 |
| Year Ended 2020 | 253 | 108 | 17 | 7 | 1 | 1 | 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.
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 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.
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 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.
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.
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