Product Details
The Invesco Balanced Multi-Asset Allocation ETF (the "Fund") is an actively managed exchange-traded fund (ETF) that seeks to provide current income and capital appreciation by allocating through a balanced investment style that seeks to maximize diversification potential. The Fund is a "fund of funds," meaning that it invests its assets in the shares of other exchange-traded funds, rather than in securities of individual companies. The Fund's target allocation of total assets: 45%-75% in equity ETFs, 25%-55% in fixed income ETFs and 10%-30% in underlying ETFs that invest in foreign stocks and bonds as well as American depositary receipts (ADRs) and global depositary receipts (GDRs). Invesco Advisers Inc., the sub-adviser to the Fund (Sub-Adviser), selects investments based on quantitative and qualitative criteria to strategically allocate across broad asset classes and factors within those classes.
Performance
| Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
|---|---|---|---|---|---|---|
| Custom Invesco Balanced Allocation ETF Index | 13.49 | 13.49 | 8.59 | 9.37 | 7.25 | 9.58 |
| S&P 500 Index | 18.40 | 18.40 | 14.18 | 15.22 | 13.88 | 15.00 |
| Fund History (%) | ||||||
| Fund NAV | 10.67 | 10.67 | 8.08 | N/A | N/A | 8.92 |
| After Tax Held | 9.53 | 9.53 | 6.69 | N/A | N/A | 7.60 |
| After Tax Sold | 6.23 | 6.23 | 5.72 | N/A | N/A | 6.44 |
| Fund Market Price | 10.44 | 10.44 | 8.02 | N/A | N/A | 8.85 |
| Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
|---|---|---|---|---|---|---|
| Custom Invesco Balanced Allocation ETF Index | 13.49 | 13.49 | 8.59 | 9.37 | 7.25 | 9.58 |
| S&P 500 Index | 18.40 | 18.40 | 14.18 | 15.22 | 13.88 | 15.00 |
| Fund History (%) | ||||||
| Fund NAV | 10.67 | 10.67 | 8.08 | N/A | N/A | 8.92 |
| After Tax Held | 9.53 | 9.53 | 6.69 | N/A | N/A | 7.60 |
| After Tax Sold | 6.23 | 6.23 | 5.72 | N/A | N/A | 6.44 |
| Fund Market Price | 10.44 | 10.44 | 8.02 | N/A | N/A | 8.85 |
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.
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 | 12.17% |
| Large-Cap Blend | 17.50% |
| Large-Cap Growth | 12.38% |
| Mid-Cap Value | 8.17% |
| Mid-Cap Blend | 14.90% |
| Mid-Cap Growth | 10.87% |
| Small-Cap Value | 7.73% |
| Small-Cap Blend | 12.55% |
| Small-Cap Growth | 3.73% |
as of 01/15/2021 Top Holdings | View All
Fund Holdings subject to change
| Ticker | Company | % of Fund |
|---|---|---|
| OMFL | Invesco Russell 1000 Dynamic Multifactor ETF | 9.89 |
| VRIG | Invesco Variable Rate Investment Grade ETF | 9.32 |
| RPG | Invesco S&P 500 Pure Growth ETF | 9.15 |
| IUS | Invesco RAFI Strategic US ETF | 9.12 |
| IUSS | Invesco RAFI Strategic US Small Co ETF | 8.46 |
| IIGD | Invesco Investment Grade Defensive ETF | 7.47 |
| SPLV | Invesco S&P 500 Low Volatility ETF | 5.89 |
| PLW | Invesco 1-30 Laddered Treasury ETF | 5.77 |
| BAB | Invesco Taxable Municipal Bond | 5.01 |
| IDLV | Invesco S&P International Developed Low Volatility ETF | 4.67 |
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 | 0.13338 | 0.13338 | - | - | - | - |
| 09/21/2020 | 09/22/2020 | 09/30/2020 | 0.06509 | 0.06509 | - | - | - | - |
| 06/22/2020 | 06/23/2020 | 06/30/2020 | 0.08173 | 0.08173 | - | - | - | - |
| 03/23/2020 | 03/24/2020 | 03/31/2020 | 0.05762 | 0.05762 | - | - | - | - |
| 12/23/2019 | 12/24/2019 | 12/31/2019 | 0.59667 | 0.24667 | 0.06667 | 0.28333 | - | - |
| 09/23/2019 | 09/24/2019 | 09/30/2019 | 0.09518 | 0.09518 | - | - | - | - |
| 06/24/2019 | 06/25/2019 | 06/28/2019 | 0.08763 | 0.08763 | - | - | - | - |
| 03/18/2019 | 03/19/2019 | 03/29/2019 | 0.05115 | 0.05115 | - | - | - | - |
| 12/26/2018 | 12/27/2018 | 12/31/2018 | - | - | 0.03076 | 0.00955 | - | - |
| 12/24/2018 | 12/26/2018 | 12/31/2018 | 0.15063 | 0.15063 | - | - | - | - |
| 09/24/2018 | 09/25/2018 | 09/28/2018 | 0.06869 | 0.06869 | - | - | - | - |
| 06/18/2018 | 06/19/2018 | 06/29/2018 | 0.07401 | 0.07401 | - | - | - | - |
| 03/19/2018 | 03/20/2018 | 03/29/2018 | 0.03940 | 0.03940 | - | - | - | - |
| 12/27/2017 | 12/28/2017 | 12/29/2017 | 0.02925 | 0.00000 | 0.02925 | - | - | - |
| 12/18/2017 | 12/19/2017 | 12/29/2017 | 0.13466 | 0.13466 | - | - | - | - |
| 09/18/2017 | 09/19/2017 | 09/29/2017 | 0.07884 | 0.07884 | - | - | - | - |
| 06/16/2017 | 06/20/2017 | 06/30/2017 | 0.04427 | 0.04427 | - | - | - | - |
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 | 26 | 1 | 0 | 0 | 0 | 0 |
| 09/30/2020 | 64 | 29 | 1 | 0 | 0 | 0 | 0 |
| 06/30/2020 | 63 | 24 | 0 | 0 | 0 | 0 | 0 |
| 03/31/2020 | 62 | 29 | 18 | 3 | 0 | 0 | 0 |
| Year Ended 2020 | 253 | 108 | 20 | 3 | 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 | 33 | 3 | 0 | 1 | 0 | 0 |
| 09/30/2020 | 64 | 33 | 1 | 0 | 0 | 0 | 0 |
| 06/30/2020 | 63 | 37 | 2 | 0 | 0 | 0 | 0 |
| 03/31/2020 | 62 | 9 | 1 | 0 | 1 | 1 | 0 |
| Year Ended 2020 | 253 | 112 | 7 | 0 | 2 | 1 | 0 |
Fund Inception : 02/23/2017
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
The Custom Invesco Balanced Allocation Index consists of 60% MSCI All Country World Index and 40% Bloomberg Barclays US Aggregate Index. An investment cannot be made in an index.
The MSCI All Country World Index (MSCI ACWI) is a free float-adjusted market capitalization index that is designed to measure equity market performance of developed and emerging markets. The index is computed using the net return, which withholds applicable taxes for non-resident investors.
The Bloomberg Barclays US Aggregate Index is an unmanaged index considered representative of the US investment-grade, fixed-rate bond market.
There are risks involved with investing in ETFs, including possible loss of money. Actively managed ETFs do not necessarily seek to replicate the performance of a specified index. Actively managed ETFs are subject to risks similar to stocks, including those related to short selling and margin maintenance. Ordinary brokerage commissions apply. The Fund's return may not match the return of the 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 subject to the risks of the underlying funds. Market fluctuations may change the target weightings in the underlying funds and certain factors may cause the Fund to withdraw its investments therein at a disadvantageous time.
The Fund typically will hold a small number of positions (approximately 10-20 Underlying ETFs). To the extent that a significant portion of the Fund’s total assets is invested in a limited number of holdings, the appreciation or depreciation of any one Underlying ETF may have a greater impact on the Fund’s NAV than it would if the Fund held a greater number of constituents.
The Fund is non-diversified and may experience greater volatility than a more diversified investment.
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.
Interest rate risk refers to the risk that bond prices generally fall as interest rates rise and vice versa.
The risks of investing in securities of foreign issuers can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues.
United States
Canada (English)
United Kingdom
Isle of Man
Jersey
Guernsey
Australia
China
Hong Kong
Japan
Taiwan
Europe
Dubai