Institutional

PGJ

Equity | International and Global Equity

Invesco Golden Dragon China ETF

Product Details

The Invesco Golden Dragon China ETF (Fund) is based on the NASDAQ Golden Dragon China Index (Index). The Fund generally will invest at least 90% of its total assets in equity securities of companies deriving a majority of their revenues from the People’s Republic of China and that comprise the Index. The Index is composed of US exchange-listed companies that are headquartered or incorporated in the People’s Republic of China. The Fund and the Index are rebalanced and reconstituted quarterly.

as of 12/31/2020

Morningstar Rating

Overall Rating - China Region Category

As of 12/31/2020 the Fund had an overall rating of 4 stars out of 79 funds and was rated 3 stars out of 79 funds, 3 stars out of 70 funds and 4 stars out of 50 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
NASDAQ Golden Dragon China Index 54.41 54.41 13.31 15.72 10.74 11.31
FTSE China 50 Index 11.52 11.52 4.28 9.66 4.59 9.35
Fund History (%)
Fund NAV 53.58 53.58 12.80 15.27 10.38 10.82
After Tax Held 53.31 53.31 12.68 14.87 10.07 10.57
After Tax Sold 31.67 31.67 9.95 12.11 8.45 9.22
Fund Market Price 53.52 53.52 12.78 15.22 10.39 10.80
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
NASDAQ Golden Dragon China Index 54.41 54.41 13.31 15.72 10.74 11.31
FTSE China 50 Index 11.52 11.52 4.28 9.66 4.59 9.35
Fund History (%)
Fund NAV 53.58 53.58 12.80 15.27 10.38 10.82
After Tax Held 53.31 53.31 12.68 14.87 10.07 10.57
After Tax Sold 31.67 31.67 9.95 12.11 8.45 9.22
Fund Market Price 53.52 53.52 12.78 15.22 10.39 10.80

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

Industry Allocations

Industry Percent of Fund
Internet & Direct Marketing Retail 30.26%
Interactive Media & Services 18.30%
Entertainment 17.13%
Diversified Consumer Services 7.28%
IT Services 6.11%
Biotechnology 3.78%
Air Freight & Logistics 3.67%
Semiconductors & Semiconductor Equipment 3.21%
Hotels, Restaurants & Leisure 2.32%
Automobiles 1.71%
Consumer Finance 1.20%
Software 0.98%
Professional Services 0.91%
Capital Markets 0.84%
Electronic Equipment, Instruments & Components 0.45%
Technology Hardware, Storage & Peripherals 0.31%
Oil, Gas & Consumable Fuels 0.29%
Insurance 0.25%
Auto Components 0.19%
Electrical Equipment 0.17%
Machinery 0.13%
Investment Companies - MMF 0.10%
Real Estate Management & Development 0.09%
Specialty Retail 0.08%
Household Durables 0.08%
Food & Staples Retailing 0.06%
Road & Rail 0.05%
Cash 0.05%
as of 01/15/2021

Sector Allocation

Sector Percent of Fund
Consumer Discretionary 41.92%
Communication Services 35.43%
Information Technology 11.06%
Industrials 4.94%
Health Care 3.78%
Financials 2.29%
Energy 0.29%
Investment Companies 0.10%
Real Estate 0.09%
Consumer Staples 0.06%
Cash 0.05%

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

Fund Holdings subject to change

Ticker Company % of Fund
BIDU Baidu Inc ADR 12.06
NTES NetEase Inc ADR 8.16
PDD Pinduoduo Inc ADR 8.15
JD JD.com Inc ADR 7.22
BILI Bilibili Inc ADR 6.85
BABA Alibaba Group Holding Ltd ADR 6.50
GDS GDS Holdings Ltd ADR 3.99
VIPS Vipshop Holdings Ltd ADR 3.89
EDU New Oriental Education & Technology Group Inc ADR 3.68
ZTO ZTO Express Cayman Inc ADR 3.67
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 0.08166 0.08166 - - - -
06/22/2020 06/23/2020 06/30/2020 0.02750 0.02750 - - - -
03/23/2020 03/24/2020 03/31/2020 0.08516 0.08516 - - - -
09/23/2019 09/24/2019 09/30/2019 0.01880 0.01880 - - - -
06/24/2019 06/25/2019 06/28/2019 0.05209 0.05209 - - - -
09/24/2018 09/25/2018 09/28/2018 0.07103 0.07103 - - - -
06/18/2018 06/19/2018 06/29/2018 0.02736 0.02736 - - - -
12/18/2017 12/19/2017 12/29/2017 0.61403 0.61403 - - - -
09/18/2017 09/19/2017 09/29/2017 0.10814 0.10814 - - - -
06/16/2017 06/20/2017 06/30/2017 0.19743 0.19743 - - - -
12/16/2016 12/20/2016 12/30/2016 0.48067 0.48067 - - - -
09/16/2016 09/20/2016 09/30/2016 0.03156 0.03156 - - - -
06/17/2016 06/21/2016 06/30/2016 0.04214 0.04214 - - - -
03/18/2016 03/22/2016 03/31/2016 - - - - - -
12/18/2015 12/22/2015 12/31/2015 - - - - - -
09/18/2015 09/22/2015 09/30/2015 0.02996 0.02996 - - - -
06/19/2015 06/23/2015 06/30/2015 0.09211 0.09211 - - - -
03/20/2015 03/24/2015 03/31/2015 - - - - - -
12/19/2014 12/23/2014 12/31/2014 0.08091 0.08091 - - - -
09/19/2014 09/23/2014 09/30/2014 0.03758 0.03758 - - - -
06/20/2014 06/24/2014 06/30/2014 0.12933 0.12933 - - - -
12/20/2013 12/24/2013 12/31/2013 0.14271 0.14271 - - - -
09/20/2013 09/24/2013 09/30/2013 0.08023 0.08023 - - - -
06/21/2013 06/25/2013 06/28/2013 0.06830 0.06830 - - - -
03/15/2013 03/19/2013 03/28/2013 0.00000 0.00000 - - - -
12/21/2012 12/26/2012 12/31/2012 0.09726 0.09726 - - - -
09/21/2012 09/25/2012 09/28/2012 0.09870 0.09870 - - - -
06/15/2012 06/19/2012 06/29/2012 0.24650 0.24650 - - - -
03/16/2012 03/20/2012 03/30/2012 0.01775 0.01775 - - - -
12/16/2011 12/20/2011 12/30/2011 0.17910 0.17910 - - - -
09/16/2011 09/20/2011 09/30/2011 0.13887 0.13887 - - - -
06/17/2011 06/21/2011 06/30/2011 0.13784 0.13784 - - - -
12/17/2010 12/21/2010 12/31/2010 0.11045 0.11045 - - - -
09/17/2010 09/21/2010 09/30/2010 0.02701 0.02701 - - - -
06/18/2010 06/22/2010 06/30/2010 0.04083 0.04083 - - - -
12/18/2009 12/22/2009 12/31/2009 0.12291 0.12291 - - - -
09/18/2009 09/22/2009 09/30/2009 0.02958 0.02958 - - - -
06/19/2009 06/23/2009 06/30/2009 0.04608 0.04608 - - - -
09/19/2008 09/23/2008 09/30/2008 0.13299 0.13299 - - - -
06/20/2008 06/24/2008 06/30/2008 0.03779 0.03779 - - - -
09/21/2007 09/25/2007 09/28/2007 0.04904 0.04904 - - - -
06/15/2007 06/19/2007 06/29/2007 0.16303 0.16303 - - - -
12/15/2006 12/19/2006 12/29/2006 0.00598 0.00598 - - - -
09/15/2006 09/19/2006 09/29/2006 0.08011 0.08011 - - - -
06/16/2006 06/20/2006 06/30/2006 0.12430 0.12430 - - - -
12/16/2005 12/20/2005 12/30/2005 0.00132 0.00132 - - - -
09/16/2005 09/20/2005 09/30/2005 0.11161 0.11161 - - - -
06/17/2005 06/21/2005 06/30/2005 0.04962 0.04962 - - - -

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 28 10 2 0 0 0
09/30/2020 64 28 2 0 0 0 0
06/30/2020 63 17 4 0 0 0 0
03/31/2020 62 15 2 0 0 0 0
Year Ended 2020 253 88 18 2 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 23 1 0 0 0 0
09/30/2020 64 28 6 0 0 0 0
06/30/2020 63 32 10 0 0 0 0
03/31/2020 62 29 7 8 1 0 0
Year Ended 2020 253 112 24 8 1 0 0

Fund Inception : 12/09/2004

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 that derive a majority of their revenues from China are likely to be more volatile than other issuers. China's economy differs, often unfavorably, from the U.S. Historically, the Chinese government has exercised substantial control over virtually every sector of its economy through administrative regulation and/or state ownership; resulting in a substantial effect on its economy. Non-Chinese investors have difficulty access securities in China directly due to investment and trading restrictions, which may impact the availability, liquidity, and pricing of certain securities.

The risks of investing in securities of foreign issuers can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues.

Investments focused in a particular sectors, such as consumer discretionary and communication services, 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 Fund is non-diversified and may experience greater volatility than a more diversified investment.

The FTSE/Xinhua China 25 Index is an unmanaged index considered representative of Chinese blue chip stocks.

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

"NASDAQ®" is a registered trademark and is used under license. The Product is not sponsored, endorsed, sold or promoted by the NASDAQ OMX Group, Inc. or its affiliates. NASDAQ OMX Group, Inc. is not affiliated with the Trust, the Adviser or the Distributor. The Adviser has entered into a license agreement with NASDAQ OMX Group, Inc. to use the Underlying Index. The Product is entitled to use its Underlying Index pursuant to a sub-licensing arrangement with the Adviser.