Product Details
The Invesco PureBeta℠ US Aggregate Bond ETF (Fund) is based on the ICE BofAML US Broad Market Index℠ (Index). The Fund will invest at least 80% of its total assets in securities that comprise the index. The Index measures the performance of US dollar-denominated, investment grade debt securities, including US Treasury notes and bonds, quasi-government securities, corporate securities, residential and commercial mortgage-backed securities and asset-backed securities. Securities are cap-weighted based on their amount outstanding times the market price plus accrued interest. The Fund does not purchase all of the securities in the Index; instead, the Fund utilizes a "sampling" methodology to seek to achieve its investment objective. The fund and the index are rebalanced monthly on the last calendar day.
Performance
| Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
|---|---|---|---|---|---|---|
| ICE BofAML US Broad Market Index | 7.56 | 7.56 | 5.42 | 4.49 | 3.91 | 5.12 |
| Fund History (%) | ||||||
| Fund NAV | 7.31 | 7.31 | 5.21 | N/A | N/A | 4.93 |
| After Tax Held | 6.11 | 6.11 | 4.03 | N/A | N/A | 3.75 |
| After Tax Sold | 4.39 | 4.39 | 3.50 | N/A | N/A | 3.28 |
| Fund Market Price | 7.34 | 7.34 | 5.23 | N/A | N/A | 5.04 |
| Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
|---|---|---|---|---|---|---|
| ICE BofAML US Broad Market Index | 7.56 | 7.56 | 5.42 | 4.49 | 3.91 | 5.12 |
| Fund History (%) | ||||||
| Fund NAV | 7.31 | 7.31 | 5.21 | N/A | N/A | 4.93 |
| After Tax Held | 6.11 | 6.11 | 4.03 | N/A | N/A | 3.75 |
| After Tax Sold | 4.39 | 4.39 | 3.50 | N/A | N/A | 3.28 |
| Fund Market Price | 7.34 | 7.34 | 5.23 | N/A | N/A | 5.04 |
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. After Tax Held and After Tax Sold are based on NAV. Returns less than one year are cumulative.
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.
Market Cap & Style Allocations
| Large-Cap Value | - |
| Large-Cap Blend | - |
| Large-Cap Growth | - |
| Mid-Cap Value | - |
| Mid-Cap Blend | - |
| Mid-Cap Growth | - |
| Small-Cap Value | - |
| Small-Cap Blend | 100.00% |
| Small-Cap Growth | - |
Quality Allocations† as of 01/15/2021
| Rating | % of Fund |
|---|---|
| AAA | N/A |
| AA+ | N/A |
| AA | N/A |
| AA- | N/A |
| A+ | N/A |
| A | N/A |
| A- | N/A |
| BBB+ | N/A |
| BBB | N/A |
| BBB- | N/A |
| NR | N/A |
Cash is excluded from the credit rating quality allocations table.
Maturity
| Years | % of Fund |
|---|---|
| 0 - 1 years | 0.40 |
| 1 - 5 years | 34.75 |
| 5 - 10 years | 18.94 |
| 10 - 15 years | 3.52 |
| 15 - 20 years | 5.90 |
| 20 - 25 years | 8.39 |
| 25 years and over | 28.11 |
as of 01/15/2021 Top Fixed-Income Holdings | View All
| Holding Name | Coupon Rate | Maturity Date | Next Call Date | Quality Rating † | Weight |
|---|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2015-NXS2 | 3.50% | 07/15/2058 | 04/15/2025 | AAA | 1.04% |
| United States Treasury Note/Bond | 1.75% | 05/15/2022 | N/A | AAA | 0.90% |
| Fannie Mae Pool | 2.50% | 03/01/2050 | N/A | AAA | 0.88% |
| Fannie Mae Pool | 3.00% | 10/01/2050 | N/A | AAA | 0.85% |
| United States Treasury Note/Bond | 0.12% | 05/15/2023 | N/A | AAA | 0.84% |
| State of California | 7.55% | 04/01/2039 | N/A | AA | 0.83% |
| Ginnie Mae II Pool | 2.50% | 10/20/2050 | N/A | AAA | 0.75% |
| Ginnie Mae II Pool | 3.50% | 09/20/2047 | N/A | AAA | 0.74% |
| Freddie Mac Pool | 2.50% | 06/01/2050 | N/A | AAA | 0.70% |
| Goldman Sachs Group Inc/The | 4.25% | 10/21/2025 | N/A | BBB+ | 0.68% |
Holdings are subject to change and are not buy/sell recommendations.
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 |
|---|---|---|---|---|---|---|---|---|
| 01/19/2021 | 01/20/2021 | 01/29/2021 | 0.04920 | 0.04920 | - | - | - | - |
| 12/21/2020 | 12/22/2020 | 12/31/2020 | 0.16664 | 0.05039 | - | 0.11625 | - | - |
| 11/23/2020 | 11/24/2020 | 11/30/2020 | 0.05159 | 0.05159 | - | - | - | - |
| 10/19/2020 | 10/20/2020 | 10/30/2020 | 0.05255 | 0.05255 | - | - | - | - |
| 09/21/2020 | 09/22/2020 | 09/30/2020 | 0.05298 | 0.05298 | - | - | - | - |
| 08/24/2020 | 08/25/2020 | 08/31/2020 | 0.05187 | 0.05187 | - | - | - | - |
| 07/20/2020 | 07/21/2020 | 07/31/2020 | 0.05369 | 0.05369 | - | - | - | - |
| 06/22/2020 | 06/23/2020 | 06/30/2020 | 0.05493 | 0.05493 | - | - | - | - |
| 05/18/2020 | 05/19/2020 | 05/29/2020 | 0.05746 | 0.05746 | - | - | - | - |
| 04/20/2020 | 04/21/2020 | 04/30/2020 | 0.05808 | 0.05808 | - | - | - | - |
| 03/23/2020 | 03/24/2020 | 03/31/2020 | 0.05770 | 0.05770 | - | - | - | - |
| 02/24/2020 | 02/25/2020 | 02/28/2020 | 0.05878 | 0.05878 | - | - | - | - |
| 01/21/2020 | 01/22/2020 | 01/31/2020 | 0.05982 | 0.05982 | - | - | - | - |
| 12/23/2019 | 12/24/2019 | 12/31/2019 | 0.05700 | 0.05700 | - | - | - | - |
| 11/18/2019 | 11/19/2019 | 11/29/2019 | 0.05838 | 0.05838 | - | - | - | - |
| 10/21/2019 | 10/22/2019 | 10/31/2019 | 0.05927 | 0.05927 | - | - | - | - |
| 09/23/2019 | 09/24/2019 | 09/30/2019 | 0.05952 | 0.05952 | - | - | - | - |
| 08/19/2019 | 08/20/2019 | 08/30/2019 | 0.05827 | 0.05827 | - | - | - | - |
| 07/22/2019 | 07/23/2019 | 07/31/2019 | 0.05934 | 0.05934 | - | - | - | - |
| 06/24/2019 | 06/25/2019 | 06/28/2019 | 0.05843 | 0.05843 | - | - | - | - |
| 05/20/2019 | 05/21/2019 | 05/31/2019 | 0.05900 | 0.05900 | - | - | - | - |
| 04/22/2019 | 04/23/2019 | 04/30/2019 | 0.05843 | 0.05843 | - | - | - | - |
| 03/18/2019 | 03/19/2019 | 03/29/2019 | 0.05985 | 0.05985 | - | - | - | - |
| 02/19/2019 | 02/20/2019 | 02/28/2019 | 0.05870 | - | - | - | - | - |
| 01/22/2019 | 01/23/2019 | 01/31/2019 | 0.05791 | 0.05791 | - | - | - | - |
| 12/24/2018 | 12/26/2018 | 12/31/2018 | 0.05293 | 0.05293 | - | - | - | - |
| 11/19/2018 | 11/20/2018 | 11/30/2018 | 0.05819 | 0.05819 | - | - | - | - |
| 10/22/2018 | 10/23/2018 | 10/31/2018 | 0.05900 | 0.05900 | - | - | - | - |
| 09/24/2018 | 09/25/2018 | 09/28/2018 | 0.05800 | 0.05800 | - | - | - | - |
| 08/20/2018 | 08/21/2018 | 08/31/2018 | 0.06000 | 0.06000 | - | - | - | - |
| 07/23/2018 | 07/24/2018 | 07/31/2018 | 0.05750 | 0.05750 | - | - | - | - |
| 06/18/2018 | 06/19/2018 | 06/29/2018 | 0.05535 | 0.05535 | - | - | - | - |
| 05/21/2018 | 05/22/2018 | 05/31/2018 | 0.05395 | 0.05395 | - | - | - | - |
| 04/23/2018 | 04/24/2018 | 04/30/2018 | 0.05421 | 0.05421 | - | - | - | - |
| 03/19/2018 | 03/20/2018 | 03/29/2018 | 0.05386 | 0.05386 | - | - | - | - |
| 02/20/2018 | 02/21/2018 | 02/28/2018 | 0.05382 | 0.05382 | - | - | - | - |
| 01/22/2018 | 01/23/2018 | 01/31/2018 | 0.05342 | 0.05342 | - | - | - | - |
| 12/18/2017 | 12/19/2017 | 12/29/2017 | 0.04724 | 0.04724 | - | - | - | - |
| 11/20/2017 | 11/21/2017 | 11/30/2017 | 0.05987 | 0.05987 | - | - | - | - |
| 10/23/2017 | 10/24/2017 | 10/31/2017 | 0.05272 | 0.05272 | - | - | - | - |
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 | 54 | 0 | 0 | 0 | 0 | 0 |
| 09/30/2020 | 64 | 52 | 5 | 0 | 0 | 0 | 0 |
| 06/30/2020 | 63 | 20 | 32 | 8 | 0 | 0 | 0 |
| 03/31/2020 | 62 | 41 | 5 | 5 | 1 | 0 | 0 |
| Year Ended 2020 | 253 | 167 | 42 | 13 | 1 | 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 | 10 | 0 | 0 | 0 | 0 | 0 |
| 09/30/2020 | 64 | 7 | 0 | 0 | 0 | 0 | 0 |
| 06/30/2020 | 63 | 3 | 0 | 0 | 0 | 0 | 0 |
| 03/31/2020 | 62 | 7 | 2 | 1 | 0 | 0 | 0 |
| Year Ended 2020 | 253 | 27 | 2 | 1 | 0 | 0 | 0 |
Fund Inception : 09/29/2017
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
† Ratings are based on S&P, Moody's or Fitch, as applicable. A credit rating is an assessment provided by a nationally recognized statistical rating organization (NRSRO) of the creditworthiness of an issuer with respect to debt obligations, including specific securities, money market instruments or other debts. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest); ratings are subject to change without notice. NR indicates the debtor was not rated, and should not be interpreted as indicating low quality. If securities are rated differently by the rating agencies, the higher rating is applied. For more information on the rating methodology, please visit the following NRSRO websites: standardandpoors.com and select 'Understanding Ratings' under Rating Resources on the home page; moodys.com and select 'Rating Methodologies' under Research and Ratings on the home page; fitchratings.com and select 'Ratings Definitions' on the home page.
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.
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.
Interest rate risk refers to the risk that bond prices generally fall as interest rates rise and vice versa.
An issuer may be unable to meet interest and/or principal payments, thereby causing its instruments to decrease in value and lowering the issuer’s credit rating.
The Fund may hold illiquid securities that it may be unable to sell at the preferred time or price and could lose its entire investment in such securities.
Obligations issued by US Government agencies and instrumentalities may receive varying levels of support from the government, which could affect the fund’s ability to recover should they default.
Mortgage- and asset-backed securities, which are subject to call (prepayment) risk, reinvestment risk and extension risk. These securities are also susceptible to an unexpectedly high rate of defaults on the mortgages held by a mortgage pool, which may adversely affect their value. The risk of such defaults depends on the quality of the mortgages underlying such security, the credit quality of its issuer or guarantor, and the nature and structure of its credit support.
The Fund may invest in privately issued securities, including 144A securities which are restricted (i.e. not publicly traded). The liquidity market for Rule 144A securities may vary, as a result, delay or difficulty in selling such securities may result in a loss to the Fund.
Reinvestment risk is the risk that a bond's cash flows (coupon income and principal repayment) will be reinvested at an interest rate below that on the original bond.
The Fund’s use of a representative sampling approach will result in its holding a smaller number of securities than are in the underlying Index, and may be subject to greater volatility.
Beta is a measure of risk representing how a security is expected to respond to general market movements. PureBeta is a market-capitalization weighted methodology, and in no way refers to the purity or absence of errors or flaws in the Underlying Index’s methodology or of the Fund in seeking to track the investment results of the Underlying Index.
"ICE BofAML" and "The ICE BofAML US Broad Market Index℠" are reprinted with permission. © Copyright 2017 Merrill Lynch, Pierce, Fenner & Smith Incorporated ("ICE BofAML"). All rights reserved. "ICE BofAML" and "The ICE BofAML US Broad Market Index℠" are service marks of ICE BofAML and/or its affiliates and have been licensed for use for certain purposes by Invesco on behalf of the Invesco PureBeta℠ US Aggregate Bond ETF that is based on The ICE BofAML US Broad Market Index℠, and is not issued, sponsored, endorsed or promoted by ICE BofAML and/or ICE BofAML's affiliates nor is ICE BofAML and/or ICE BofAML's affiliates an adviser to the Invesco PureBeta℠ US Aggregate Bond ETF. ICE BofAML and ICE BofAML's affiliates make no representation, express or implied, regarding the advisability of investing in the Invesco PureBeta℠ US Aggregate Bond ETF or The ICE BofAML US Broad Market Index℠ and do not guarantee the quality, accuracy or completeness of The ICE BofAML US Broad Market Index℠, index values or any index related data included herein, provided herewith or derived therefrom and assume no liability in connection with their use. As the index provider, ICE BofAML is licensing certain trademarks, The ICE BofAML US Broad Market Index℠ and trade names which are composed by ICE BofAML without regard to Invesco, the Invesco PureBeta℠ US Aggregate Bond ETF or any investor. ICE BofAML and ICE BofAML's affiliates do not provide investment advice to Invesco or the Invesco PureBeta℠ US Aggregate Bond ETF and are not responsible for the performance of the Invesco PureBeta℠ US Aggregate Bond ETF.
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