Equity | US Equity

Invesco RAFI™ Strategic US Small Company ETF

Ticker: IUSS

Product Details

The Invesco RAFITM Strategic US Small Company ETF (Fund) is based on the Invesco Strategic US Small Company 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, small-sized US 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 08/31/2022

Morningstar Rating

Overall Rating - Small Blend Category

As of 08/31/2022 the Fund had an overall rating of 5 stars out of 575 funds and was rated 5 stars out of 575 funds, N/A stars out of 534 funds and N/A stars out of 353 funds for the 3-, 5- and 10- year periods, respectively.

Morningstar details

Source: Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. ©2022 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. Ratings are subject to change monthly. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Ratings for other share classes may differ due to different performance characteristics.

as of 10/31/2022 09/30/2022

Performance

Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Invesco Strategic US Small Company Index -13.91 -13.46 13.92 N/A N/A 8.64
Russell 2000 Total Return Index (USD) -16.86 -18.54 7.05 5.56 9.93 3.12
Fund History (%)
Fund NAV -14.08 -13.66 13.71 N/A N/A 8.44
After Tax Held -14.35 -13.96 13.39 N/A N/A 8.14
After Tax Sold -8.34 -8.06 10.65 N/A N/A 6.52
Fund Market Price -14.15 -13.54 13.79 N/A N/A 8.48
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Invesco Strategic US Small Company Index -22.73 -19.05 10.36 N/A N/A 5.96
Russell 2000 Total Return Index (USD) -25.10 -23.50 4.29 3.55 8.55 0.56
Fund History (%)
Fund NAV -22.86 -19.23 10.17 N/A N/A 5.77
After Tax Held -23.10 -19.51 9.86 N/A N/A 5.47
After Tax Sold -13.51 -11.34 7.85 N/A N/A 4.41
Fund Market Price -22.76 -19.12 10.27 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 09/30/2022

Growth of $10,000

Data beginning 10 years prior to the ending date of 09/30/2022. 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 11/23/2022

Sector Allocation

Sector Percent of Fund
Industrials 23.41%
Consumer Discretionary 17.32%
Information Technology 14.06%
Health Care 9.79%
Materials 6.61%
Financials 6.27%
Energy 5.62%
Consumer Staples 4.92%
Communication Services 4.15%
Real Estate 3.99%
Utilities 3.75%
Investment Companies 0.09%
Cash 0.01%
as of 11/24/2022

Market Cap & Style Allocations

Large-Cap Value 0.21%
Large-Cap Blend -
Large-Cap Growth 0.82%
Mid-Cap Value 1.51%
Mid-Cap Blend 10.59%
Mid-Cap Growth 11.41%
Small-Cap Value 23.37%
Small-Cap Blend 41.67%
Small-Cap Growth 10.41%

as of 11/23/2022 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
FSLR First Solar Inc 0.58
CROX Crocs Inc 0.42
SANM Sanmina Corp 0.39
AAWW Atlas Air Worldwide Holdings Inc 0.38
ASO Academy Sports & Outdoors Inc 0.36
ETSY Etsy Inc 0.34
UTHR United Therapeutics Corp 0.30
SFM Sprouts Farmers Market Inc 0.30
CMC Commercial Metals Co 0.30
CVI CVR Energy Inc 0.30
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
09/19/2022 09/20/2022 09/23/2022 0.09259 0.09259 - - - -
06/21/2022 06/22/2022 06/30/2022 0.09132 0.09132 - - - -
03/21/2022 03/22/2022 03/31/2022 0.08336 0.08336 - - - -
12/20/2021 12/21/2021 12/31/2021 0.04553 0.04553 - - - -
09/20/2021 09/21/2021 09/30/2021 0.06791 0.06791 - - - -
06/21/2021 06/22/2021 06/30/2021 0.05136 0.05136 - - - -
03/22/2021 03/23/2021 03/31/2021 0.06484 0.06484 - - - -
12/21/2020 12/22/2020 12/31/2020 0.06899 0.06899 - - - -
09/21/2020 09/22/2020 09/30/2020 0.05288 0.05288 - - - -
06/22/2020 06/23/2020 06/30/2020 0.04919 0.04919 - - - -
03/23/2020 03/24/2020 03/31/2020 0.07067 0.07067 - - - -
12/23/2019 12/24/2019 12/31/2019 0.07500 0.07500 - - - -
09/23/2019 09/24/2019 09/30/2019 0.06458 0.06458 - - - -
06/24/2019 06/25/2019 06/28/2019 0.06950 0.06950 - - - -
03/18/2019 03/19/2019 03/29/2019 0.03076 0.03076 - - - -
12/24/2018 12/26/2018 12/31/2018 0.10191 0.10191 - - - -

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%
09/30/2022 64 29 7 0 0 0 0
06/30/2022 62 25 2 0 0 0 0
03/31/2022 62 28 5 0 0 0 0
12/31/2021 64 39 1 0 0 0 0
Year Ended 2021 252 127 13 0 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%
09/30/2022 64 27 1 0 0 0 0
06/30/2022 62 31 4 0 0 0 0
03/31/2022 62 22 6 1 0 0 0
12/31/2021 64 22 2 0 0 0 0
Year Ended 2021 252 104 8 0 0 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.

Stocks of small-capitalization companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquid or restricted as to resale than large companies.

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 Small Company 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.