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Equity | US Equity

Invesco PureBeta℠ MSCI USA Small Cap ETF

Expanded market exposure to leading benchmarks

Product Details

The Invesco PureBeta℠ MSCI USA Small Cap ETF (Fund) is based on the MSCI USA Small Cap Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index measures the performance of the small-capitalization segment of the US equity market and weights securities by their free float-adjusted market capitalization. The Fund and the Index are rebalanced and reconstituted quarterly on the last business day of February, May, August and November.

as of 12/31/2020

Morningstar Rating

Overall Rating - Small Blend Category

As of 12/31/2020 the Fund had an overall rating of 4 stars out of 629 funds and was rated 4 stars out of 629 funds, N/A stars out of N/A funds and N/A stars out of N/A 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. ©2020 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 12/31/2020 12/31/2020

Performance

Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
MSCI USA Small Cap Index 18.90 18.90 10.88 13.89 12.15 12.26
Fund History (%)
Fund NAV 18.93 18.93 10.70 N/A N/A 12.08
After Tax Held 18.02 18.02 9.66 N/A N/A 11.07
After Tax Sold 11.09 11.09 7.84 N/A N/A 8.99
Fund Market Price 19.13 19.13 10.75 N/A N/A 12.14
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
MSCI USA Small Cap Index 18.90 18.90 10.88 13.89 12.15 12.26
Fund History (%)
Fund NAV 18.93 18.93 10.70 N/A N/A 12.08
After Tax Held 18.02 18.02 9.66 N/A N/A 11.07
After Tax Sold 11.09 11.09 7.84 N/A N/A 8.99
Fund Market Price 19.13 19.13 10.75 N/A N/A 12.14

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
Health Care 16.46%
Information Technology 16.26%
Industrials 15.38%
Financials 14.75%
Consumer Discretionary 14.19%
Real Estate 7.95%
Materials 4.58%
Consumer Staples 3.37%
Energy 2.89%
Communication Services 2.14%
Utilities 1.96%
Investment Companies 0.04%
Cash 0.04%
as of 01/14/2021

Market Cap & Style Allocations

Large-Cap Value 0.21%
Large-Cap Blend -
Large-Cap Growth 0.05%
Mid-Cap Value 4.54%
Mid-Cap Blend 9.59%
Mid-Cap Growth 12.45%
Small-Cap Value 20.90%
Small-Cap Blend 33.36%
Small-Cap Growth 18.90%

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

Fund Holdings subject to change

Ticker Company % of Fund
PLUG Plug Power Inc 0.61
PENN Penn National Gaming Inc 0.34
ENTG Entegris Inc 0.33
CZR Caesars Entertainment Inc 0.32
NUAN Nuance Communications Inc 0.31
TECH Bio-Techne Corp 0.31
CRL Charles River Laboratories International Inc 0.31
CREE Cree Inc 0.29
CHGG Chegg Inc 0.27
GGG Graco Inc 0.27
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 0.19883 0.06683 0.06800 0.06400 - -
09/21/2020 09/22/2020 09/30/2020 0.09124 0.09124 - - - -
06/22/2020 06/23/2020 06/30/2020 0.07938 0.07938 - - - -
03/23/2020 03/24/2020 03/31/2020 0.11636 0.11636 - - - -
12/23/2019 12/24/2019 12/31/2019 0.14450 0.13000 0.00700 0.00750 - -
09/23/2019 09/24/2019 09/30/2019 0.05286 0.05286 - - - -
06/24/2019 06/25/2019 06/28/2019 0.11598 0.11598 - - - -
03/18/2019 03/19/2019 03/29/2019 0.02930 0.02930 - - - -
12/26/2018 12/27/2018 12/31/2018 - - 0.77824 0.04599 - -
12/24/2018 12/26/2018 12/31/2018 0.14198 0.14198 - - - -
09/24/2018 09/25/2018 09/28/2018 0.09489 0.09489 - - - -
06/18/2018 06/19/2018 06/29/2018 0.09731 0.09731 - - - -
03/19/2018 03/20/2018 03/29/2018 0.04176 0.04176 - - - -
12/18/2017 12/19/2017 12/29/2017 0.12903 0.12903 - - - -

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 23 8 8 1 0 1
09/30/2020 64 18 4 0 0 0 0
06/30/2020 63 17 12 7 1 1 1
03/31/2020 62 10 1 3 2 1 2
Year Ended 2020 253 68 25 18 4 2 4
    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 18 5 0 0 0 0
09/30/2020 64 32 8 2 0 0 0
06/30/2020 63 16 6 1 1 0 0
03/31/2020 62 26 11 3 2 0 1
Year Ended 2020 253 92 30 6 3 0 1

Fund Inception : 09/22/2017

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.

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.

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.

The Fund may become “non-diversified,” as defined under the Investment Company Act of 1940, as amended, solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Index. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status under such circumstances.

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.

The Invesco PureBeta℠ MSCI USA Small Cap ETF or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such the Invesco PureBeta℠ MSCI USA Small Cap ETF or securities are based. The Prospectus contains a more detailed description of the limited relationship MSCI has with Invesco and any related funds.

MSCI INC. ("MSCI") AND THE MSCI INDEX NAMES ARE SERVICE MARK(S) OF MSCI OR ITS AFFILIATES AND HAVE BEEN LICENSED FOR USE FOR CERTAIN PURPOSES BY THE ADVISER.

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

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.