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Equity | International and Global Equity

Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF

Product Details

The Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (the "Fund") is based on the FTSE RAFI Developed ex U.S. Mid-Small 1500 Index (the "Index"). The Fund will generally invest at least 90% of its total assets in securities that comprise the Index as well as American depositary receipts (ADRs) and global depositary receipts (GDRs) that represent securities in the Index. The Index is designed to track the performance of small and mid-capitalization equities of companies in developed international markets (excluding the US), selected based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends. The equities are based on their fundamental strength and are weighted according to their fundamental scores. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are reconstituted annually.

as of 12/31/2020

Morningstar Rating

Overall Rating - Foreign Small/Mid Value Category

As of 12/31/2020 the Fund had an overall rating of 4 stars out of 42 funds and was rated 4 stars out of 42 funds, 4 stars out of 30 funds and 4 stars out of 12 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
FTSE RAFI Developed ex U.S. Mid Small 1500 Index 10.27 10.27 3.14 8.73 6.44 5.29
MSCI EAFE Small Cap Index 12.34 12.34 4.85 9.40 7.85 5.05
Fund History (%)
Fund NAV 10.08 10.08 2.86 8.41 6.06 4.78
After Tax Held 9.04 9.04 2.26 7.85 5.65 4.39
After Tax Sold 5.82 5.82 2.07 6.58 4.90 3.85
Fund Market Price 10.90 10.90 2.47 8.55 5.84 4.65
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
FTSE RAFI Developed ex U.S. Mid Small 1500 Index 10.27 10.27 3.14 8.73 6.44 5.29
MSCI EAFE Small Cap Index 12.34 12.34 4.85 9.40 7.85 5.05
Fund History (%)
Fund NAV 10.08 10.08 2.86 8.41 6.06 4.78
After Tax Held 9.04 9.04 2.26 7.85 5.65 4.39
After Tax Sold 5.82 5.82 2.07 6.58 4.90 3.85
Fund Market Price 10.90 10.90 2.47 8.55 5.84 4.65

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 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.

as of 01/15/2021

Sector Allocation

Sector Percent of Fund
Industrials 24.67%
Consumer Discretionary 14.67%
Materials 11.21%
Information Technology 9.13%
Financials 8.82%
Consumer Staples 7.21%
Real Estate 6.53%
Health Care 5.93%
Communication Services 5.72%
Energy 3.29%
Utilities 2.86%
as of 01/15/2021

Top Country Allocation

Country Percentage
Japan 32.09%
South Korea 10.08%
United Kingdom 7.31%
Australia 5.92%
Canada 5.63%
Germany 4.75%
Sweden 4.29%
Switzerland 3.83%
France 3.01%
Italy 2.48%
as of 01/14/2021

Market Cap & Style Allocations

Large-Cap Value 0.88%
Large-Cap Blend 3.17%
Large-Cap Growth 9.07%
Mid-Cap Value 18.90%
Mid-Cap Blend 29.21%
Mid-Cap Growth 12.43%
Small-Cap Value 15.04%
Small-Cap Blend 8.85%
Small-Cap Growth 2.46%

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

Fund Holdings subject to change

Ticker Company % of Fund
SGRE Siemens Gamesa Renewable Energy SA 0.30
PNL PostNL NV 0.30
LOGN SW Logitech International SA 0.29
OZL OZ Minerals Ltd 0.28
204320 KS Mando Corp 0.28
011780 KS Kumho Petrochemical Co Ltd 0.27
034020 KS Doosan Heavy Industries & Construction Co Ltd 0.26
4062 JP Ibiden Co Ltd 0.24
ZAL Zalando SE 0.24
6845 JP Azbil Corp 0.23
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 0.18549 0.18549 - - - -
09/21/2020 09/22/2020 09/30/2020 0.13183 0.13183 - - - -
06/22/2020 06/23/2020 06/30/2020 0.11441 0.11441 - - - -
03/23/2020 03/24/2020 03/31/2020 0.18754 0.18754 - - - -
12/23/2019 12/24/2019 12/31/2019 0.20580 0.20580 - - - -
09/23/2019 09/24/2019 09/30/2019 0.25431 0.25431 - - - -
06/24/2019 06/25/2019 06/28/2019 0.32213 0.32213 - - - -
03/18/2019 03/19/2019 03/29/2019 0.04761 0.04761 - - - -
12/24/2018 12/26/2018 12/31/2018 0.12285 0.12285 - - - -
09/24/2018 09/25/2018 09/28/2018 0.09889 0.09889 - - - -
06/18/2018 06/19/2018 06/29/2018 0.34295 0.34295 - - - -
03/19/2018 03/20/2018 03/29/2018 0.04543 0.04543 - - - -
12/18/2017 12/19/2017 12/29/2017 0.45693 0.45693 - - - -
09/18/2017 09/19/2017 09/29/2017 0.07577 0.07577 - - - -
06/16/2017 06/20/2017 06/30/2017 0.28252 0.28252 - - - -
03/17/2017 03/21/2017 03/31/2017 0.01839 0.01839 - - - -
12/16/2016 12/20/2016 12/30/2016 0.24239 0.24239 - - - -
09/16/2016 09/20/2016 09/30/2016 0.06831 0.06831 - - - -
06/17/2016 06/21/2016 06/30/2016 0.27269 0.27269 - - - -
03/18/2016 03/22/2016 03/31/2016 - - - - - -
12/18/2015 12/22/2015 12/31/2015 0.27646 0.27646 - - - -
09/18/2015 09/22/2015 09/30/2015 0.01990 0.01990 - - - -
06/19/2015 06/23/2015 06/30/2015 0.22749 0.22749 - - - -
03/20/2015 03/24/2015 03/31/2015 0.01019 0.01019 - - - -
12/19/2014 12/23/2014 12/31/2014 0.20074 0.20074 - - - -
09/19/2014 09/23/2014 09/30/2014 0.03876 0.03876 - - - -
06/20/2014 06/24/2014 06/30/2014 0.23597 0.23597 - - - -
03/21/2014 03/25/2014 03/31/2014 0.03273 0.03273 - - - -
12/20/2013 12/24/2013 12/31/2013 0.30340 0.30340 - - - -
09/20/2013 09/24/2013 09/30/2013 0.15333 0.15333 - - - -
06/21/2013 06/25/2013 06/28/2013 0.12144 0.12144 - - - -
03/15/2013 03/19/2013 03/28/2013 0.02151 0.02151 - - - -
12/21/2012 12/26/2012 12/31/2012 0.28616 0.28616 - - - -
09/21/2012 09/25/2012 09/28/2012 0.03650 0.03650 - - - -
06/15/2012 06/19/2012 06/29/2012 0.20764 0.20764 - - - -
03/16/2012 03/20/2012 03/30/2012 0.01141 0.01141 - - - -
12/16/2011 12/20/2011 12/30/2011 0.21689 0.21689 - - - -
06/17/2011 06/21/2011 06/30/2011 0.27054 0.27054 - - - -
03/18/2011 03/22/2011 03/31/2011 0.01060 0.01060 - - - -
12/17/2010 12/21/2010 12/31/2010 0.36133 0.36133 - - - -
09/17/2010 09/21/2010 09/30/2010 0.01238 0.01238 - - - -
06/18/2010 06/22/2010 06/30/2010 0.04535 0.04535 - - - -
03/19/2010 03/23/2010 03/31/2010 0.02237 0.02237 - - - -
12/18/2009 12/22/2009 12/31/2009 0.54822 0.54822 - - - -
09/18/2009 09/22/2009 09/30/2009 0.02181 0.02181 - - - -
06/19/2009 06/23/2009 06/30/2009 0.07972 0.07972 - - - -
12/19/2008 12/23/2008 12/31/2008 0.06846 0.06846 - - - -
06/20/2008 06/24/2008 06/30/2008 0.24317 0.24317 - - - -
03/20/2008 03/25/2008 03/31/2008 0.03125 0.03125 - - - -
12/21/2007 12/26/2007 12/31/2007 0.03515 0.03515 - - - -

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 12 5 6 1 0 0
09/30/2020 64 13 2 0 0 0 0
06/30/2020 63 12 5 6 2 0 0
03/31/2020 62 3 4 3 0 0 0
Year Ended 2020 253 40 16 15 3 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 23 7 9 1 0 0
09/30/2020 64 13 17 19 0 0 0
06/30/2020 63 10 17 8 2 1 0
03/31/2020 62 9 12 25 6 0 0
Year Ended 2020 253 55 53 61 9 1 0

Fund Inception : 09/27/2007

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.

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

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.

The performance of an investment concentrated in issuers of a certain region or country, such as the Japan, is expected to be closely tied to conditions within that region and to be more volatile than more geographically 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 constitutes of the Index. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status under such circumstances.

The MSCI EAFE® Small Cap Index is an unmanaged index considered representative of small-cap stocks of Europe, Australasia and the Far East. The index is computed using the net return, which withholds applicable taxes for non-resident investors.

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

Shares of the Fund are not in any way sponsored, endorsed, sold or promoted by FTSE International Limited ("FTSE"), or by the London Stock Exchange Plc ("Exchange"), or by The Financial Times Limited ("FT") or by Research Affiliates LLC ("RA"), and neither FTSE nor Exchange nor FT nor RA makes any warranty or representation whatsoever, expressly or implicitly, as to the results to be obtained from the use of the FTSE RAFI Developed Markets ex-U.S. Mid-Small 1500 Index ("Index") and/or the figure at which the said Index stands at any particular time on any particular day or otherwise. The Index is compiled and calculated by FTSE in conjunction with RA; however, neither FTSE nor Exchange nor FT nor RA shall be liable (whether in negligence or otherwise) to any person for any error in the Index, and neither FTSE nor the Exchange nor FT nor RA shall be under any obligation to advise any person of any error therein. "FTSE" is a trademark of the London Stock Exchange Plc and The Financial Times Limited and is used by FTSE International Limited under licence. "Research Affiliates", "RAFI", "Fundamentals Weighted" and "Fundamental Index" are trademarks of Research Affiliates.

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.