Product Details
The Invesco RAFI Emerging Markets ETF (Fund) is based on the RAFI Fundamental Select Emerging Markets 350 Index (Index). The Fund will generally invest at least 90% of its total assets in the securities that comprise the Index as well as American Depository Receipts (ADRs) and global depositary receipts (GDRs) that represent securities in the Index. The Index is designed to track the performance of the largest emerging market equities, selected based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends. The equities with the highest fundamental strength 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.
Effective close of business March 21, 2025, FTSE RAFI Emerging Index ("Current Underlying Index") will change to the RAFI Fundamental Select Emerging Markets 350 Index ("New Underlying Index"). The New Underlying Index will replace the Fund’s Current Underlying Index. The Fund’s name will change to “Invesco RAFI Emerging Markets ETF”. Additionally, the Fund's management fee will reduce to 47 bps.
Morningstar Rating ™
Overall Rating - Diversified Emerging Mkts CategoryAs of 04/30/2025 the Fund had an overall rating of 4 stars out of 722 funds and was rated 5 stars out of 722 funds, 4 stars out of 639 funds and 3 stars out of 440 funds for the 3-, 5- and 10- year periods, respectively.
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. ©2025 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.
Performance
Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
---|---|---|---|---|---|---|
RAFI Fundamental Select Emerging Markets 350 Toatal return Index (USD) | 4.43 | N/A | N/A | N/A | N/A | N/A |
MSCI Emerging Markets Index | 4.28 | 9.02 | 3.85 | 6.35 | 3.07 | 1.96 |
FTSE RAFI Emerging Markets Index | 5.43 | 13.99 | 8.99 | 10.88 | 4.85 | 3.05 |
Fund History (%) | ||||||
Fund NAV | 3.95 | 12.01 | 8.15 | 9.99 | 4.07 | 2.00 |
After Tax Held | 3.72 | 10.83 | 6.80 | 8.79 | 3.20 | 1.44 |
After Tax Sold | 2.34 | 7.94 | 6.07 | 7.73 | 3.10 | 1.57 |
Fund Market Price | 4.71 | 13.03 | 8.21 | 10.26 | 4.12 | 1.87 |
Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
---|---|---|---|---|---|---|
RAFI Fundamental Select Emerging Markets 350 Toatal return Index (USD) | 5.55 | N/A | N/A | N/A | N/A | N/A |
MSCI Emerging Markets Index | 2.93 | 8.09 | 1.44 | 7.94 | 3.71 | 1.90 |
FTSE RAFI Emerging Markets Index | 5.82 | 17.43 | 7.04 | 12.65 | 6.17 | 3.08 |
Fund History (%) | ||||||
Fund NAV | 5.75 | 16.95 | 6.54 | 11.83 | 5.54 | 2.11 |
After Tax Held | 5.52 | 15.71 | 5.21 | 10.61 | 4.65 | 1.54 |
After Tax Sold | 3.41 | 10.87 | 4.79 | 9.23 | 4.30 | 1.65 |
Fund Market Price | 6.63 | 16.87 | 6.49 | 12.10 | 5.53 | 1.98 |
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 10 years prior to the ending date of 03/31/2025. 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.
Sector Allocation
Sector | Percent of Fund |
---|---|
Financials | 30.60% |
Information Technology | 16.76% |
Consumer Discretionary | 11.87% |
Energy | 9.72% |
Materials | 9.02% |
Communication Services | 7.65% |
Industrials | 4.72% |
Consumer Staples | 3.36% |
Utilities | 2.73% |
Real Estate | 1.57% |
Health Care | 0.92% |
Investment Companies | 0.80% |
Index Futures | 0.41% |
Top Country Allocation
Country | Percentage |
---|---|
China | 43.46% |
Taiwan | 18.15% |
India | 11.19% |
Brazil | 10.38% |
South Africa | 3.79% |
Thailand | 2.97% |
Mexico | 2.48% |
Saudi Arabia | 2.29% |
United States | 1.44% |
Turkey | 1.24% |
Market Cap & Style Allocations
Large-Cap Value | 43.57% |
Large-Cap Blend | 27.39% |
Large-Cap Growth | 21.14% |
Mid-Cap Value | 5.42% |
Mid-Cap Blend | 1.55% |
Mid-Cap Growth | 0.48% |
Small-Cap Value | 0.33% |
Small-Cap Blend | 0.12% |
Small-Cap Growth | 0.00% |
as of 05/19/2025 Top Holdings | View All
Fund Holdings subject to change
Ticker | Company | % of Fund |
---|---|---|
2330 TT | Taiwan Semiconductor Manufacturing Co Ltd | 5.80 |
9988 HK | Alibaba Group Holding Ltd | 5.19 |
700 HK | Tencent Holdings Ltd | 3.57 |
PETR4 | Petroleo Brasileiro SA - Petrobras | 2.98 |
939 HK | China Construction Bank Corp | 2.81 |
1398 HK | Industrial & Commercial Bank of China Ltd | 2.80 |
2318 HK | Ping An Insurance Group Co of China Ltd | 2.27 |
3988 HK | Bank of China Ltd | 2.13 |
VALE3 | Vale SA | 1.86 |
1810 HK | Xiaomi Corp | 1.57 |
Distributions | Hide View All
Ex-Date | Record Date | Pay Date | $/ Share |
Ordinary Income | Short Term Gains | Long Term Gains | Return of Capital | Liquidation Distribution |
---|---|---|---|---|---|---|---|---|
03/24/2025 | 03/24/2025 | 03/28/2025 | 0.11908 | 0.11908 | - | - | - | - |
12/23/2024 | 12/23/2024 | 12/27/2024 | 0.20300 | 0.20300 | - | - | - | - |
09/23/2024 | 09/23/2024 | 09/27/2024 | 0.33928 | 0.33928 | - | - | - | - |
06/24/2024 | 06/24/2024 | 06/28/2024 | 0.30073 | 0.30073 | - | - | - | - |
03/18/2024 | 03/19/2024 | 03/22/2024 | 0.06489 | 0.06489 | - | - | - | - |
12/18/2023 | 12/19/2023 | 12/22/2023 | 0.17224 | 0.17224 | - | - | - | - |
09/18/2023 | 09/19/2023 | 09/22/2023 | 0.35873 | 0.35873 | - | - | - | - |
06/20/2023 | 06/21/2023 | 06/23/2023 | 0.26730 | 0.26730 | - | - | - | - |
03/20/2023 | 03/21/2023 | 03/24/2023 | 0.12677 | 0.12677 | - | - | - | - |
12/19/2022 | 12/20/2022 | 12/23/2022 | 0.11253 | 0.11253 | - | - | - | - |
09/19/2022 | 09/20/2022 | 09/23/2022 | 0.38865 | 0.38865 | - | - | - | - |
06/21/2022 | 06/22/2022 | 06/30/2022 | 0.39021 | 0.39021 | - | - | - | - |
03/21/2022 | 03/22/2022 | 03/31/2022 | 0.04702 | 0.04702 | - | - | - | - |
12/20/2021 | 12/21/2021 | 12/31/2021 | 0.46037 | 0.46037 | - | - | - | - |
09/20/2021 | 09/21/2021 | 09/30/2021 | 0.31227 | 0.31227 | - | - | - | - |
06/21/2021 | 06/22/2021 | 06/30/2021 | 0.22900 | 0.22900 | - | - | - | - |
03/22/2021 | 03/23/2021 | 03/31/2021 | 0.02482 | 0.02482 | - | - | - | - |
12/21/2020 | 12/22/2020 | 12/31/2020 | 0.07100 | 0.07100 | - | - | - | - |
09/21/2020 | 09/22/2020 | 09/30/2020 | 0.27315 | 0.27315 | - | - | - | - |
06/22/2020 | 06/23/2020 | 06/30/2020 | 0.18859 | 0.18859 | - | - | - | - |
03/23/2020 | 03/24/2020 | 03/31/2020 | 0.05825 | 0.05825 | - | - | - | - |
12/23/2019 | 12/24/2019 | 12/31/2019 | 0.11061 | 0.11061 | - | - | - | - |
09/23/2019 | 09/24/2019 | 09/30/2019 | 0.38445 | 0.38445 | - | - | - | - |
06/24/2019 | 06/25/2019 | 06/28/2019 | 0.19170 | 0.19170 | - | - | - | - |
03/18/2019 | 03/19/2019 | 03/29/2019 | 0.04397 | 0.04397 | - | - | - | - |
12/24/2018 | 12/26/2018 | 12/31/2018 | 0.09243 | 0.09243 | - | - | - | - |
09/24/2018 | 09/25/2018 | 09/28/2018 | 0.37212 | 0.37212 | - | - | - | - |
06/18/2018 | 06/19/2018 | 06/29/2018 | 0.15665 | 0.15665 | - | - | - | - |
03/19/2018 | 03/20/2018 | 03/29/2018 | 0.03205 | 0.03205 | - | - | - | - |
12/18/2017 | 12/19/2017 | 12/29/2017 | 0.14818 | 0.14818 | - | - | - | - |
09/18/2017 | 09/19/2017 | 09/29/2017 | 0.34253 | 0.34253 | - | - | - | - |
06/16/2017 | 06/20/2017 | 06/30/2017 | 0.10692 | 0.10692 | - | - | - | - |
03/17/2017 | 03/21/2017 | 03/31/2017 | 0.01342 | 0.01342 | - | - | - | - |
12/16/2016 | 12/20/2016 | 12/30/2016 | 0.06434 | 0.06434 | - | - | - | - |
09/16/2016 | 09/20/2016 | 09/30/2016 | 0.20977 | 0.20977 | - | - | - | - |
06/17/2016 | 06/21/2016 | 06/30/2016 | 0.07351 | 0.07351 | - | - | - | - |
03/18/2016 | 03/22/2016 | 03/31/2016 | 0.01055 | 0.01055 | - | - | - | - |
12/18/2015 | 12/22/2015 | 12/31/2015 | 0.12362 | 0.12362 | - | - | - | - |
09/18/2015 | 09/22/2015 | 09/30/2015 | 0.25333 | 0.25333 | - | - | - | - |
06/19/2015 | 06/23/2015 | 06/30/2015 | 0.10245 | 0.10245 | - | - | - | - |
03/20/2015 | 03/24/2015 | 03/31/2015 | - | - | - | - | - | - |
12/19/2014 | 12/23/2014 | 12/31/2014 | 0.09771 | 0.09771 | - | - | - | - |
09/19/2014 | 09/23/2014 | 09/30/2014 | 0.29733 | 0.29733 | - | - | - | - |
06/20/2014 | 06/24/2014 | 06/30/2014 | 0.17246 | 0.17246 | - | - | - | - |
03/21/2014 | 03/25/2014 | 03/31/2014 | 0.02665 | 0.02665 | - | - | - | - |
12/20/2013 | 12/24/2013 | 12/31/2013 | 0.11246 | 0.11246 | - | - | - | - |
09/20/2013 | 09/24/2013 | 09/30/2013 | 0.31095 | 0.31095 | - | - | - | - |
06/21/2013 | 06/25/2013 | 06/28/2013 | 0.11449 | 0.11449 | - | - | - | - |
03/15/2013 | 03/19/2013 | 03/28/2013 | 0.03625 | 0.03625 | - | - | - | - |
12/21/2012 | 12/26/2012 | 12/31/2012 | 0.07929 | 0.07929 | - | - | - | - |
09/21/2012 | 09/25/2012 | 09/28/2012 | 0.22874 | 0.22874 | - | - | - | - |
06/15/2012 | 06/19/2012 | 06/29/2012 | 0.14450 | 0.14450 | - | - | - | - |
03/16/2012 | 03/20/2012 | 03/30/2012 | 0.02250 | 0.02250 | - | - | - | - |
12/16/2011 | 12/20/2011 | 12/30/2011 | 0.21093 | 0.21093 | - | - | - | - |
09/16/2011 | 09/20/2011 | 09/30/2011 | 0.21413 | 0.21413 | - | - | - | - |
06/17/2011 | 06/21/2011 | 06/30/2011 | 0.07208 | 0.07208 | - | - | - | - |
12/17/2010 | 12/21/2010 | 12/31/2010 | 0.22091 | 0.22091 | - | - | - | - |
09/17/2010 | 09/21/2010 | 09/30/2010 | 0.01702 | 0.01702 | - | - | - | - |
06/18/2010 | 06/22/2010 | 06/30/2010 | 0.02611 | 0.02611 | - | - | - | - |
03/19/2010 | 03/23/2010 | 03/31/2010 | 0.00670 | 0.00670 | - | - | - | - |
12/18/2009 | 12/22/2009 | 12/31/2009 | 0.10580 | 0.10580 | - | - | - | - |
09/18/2009 | 09/22/2009 | 09/30/2009 | 0.06008 | 0.06008 | - | - | - | - |
06/19/2009 | 06/23/2009 | 06/30/2009 | 0.02539 | 0.02539 | - | - | - | - |
12/19/2008 | 12/23/2008 | 12/31/2008 | 0.23854 | 0.23854 | - | - | - | - |
09/19/2008 | 09/23/2008 | 09/30/2008 | 0.06258 | 0.06258 | - | - | - | - |
06/20/2008 | 06/24/2008 | 06/30/2008 | 0.08713 | 0.08713 | - | - | - | - |
12/21/2007 | 12/26/2007 | 12/31/2007 | 0.11456 | 0.11456 | - | - | - | - |
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% |
03/31/2025 | 60 | 19 | 7 | 0 | 0 | 0 | 0 |
12/31/2024 | 64 | 7 | 5 | 3 | 2 | 0 | 0 |
09/30/2024 | 64 | 8 | 8 | 3 | 0 | 1 | 1 |
06/30/2024 | 63 | 9 | 8 | 3 | 0 | 0 | 0 |
Year Ended 2024 | 252 | 36 | 25 | 14 | 3 | 1 | 1 |
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% |
03/31/2025 | 60 | 20 | 13 | 1 | 0 | 0 | 0 |
12/31/2024 | 64 | 11 | 18 | 13 | 5 | 0 | 0 |
09/30/2024 | 64 | 16 | 10 | 12 | 4 | 1 | 0 |
06/30/2024 | 63 | 10 | 16 | 14 | 3 | 0 | 0 |
Year Ended 2024 | 252 | 55 | 56 | 48 | 12 | 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.
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
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 sector, such as financial, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.
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 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.
Stocks of medium-sized companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquid or restricted as to resale.
The performance of an investment concentrated in issuers of a certain region or country, such as China and the Asia Pacific, 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 constituents of the Index. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status under such circumstances.
The Global Industry Classification Standard was developed by and is the exclusive property and a service mark of MSCI, Inc. and Standard & Poor's.
The MSCI Emerging Markets Index is an unmanaged index considered representative of stocks of developing countries. The index is computed using the net return, which withholds applicable taxes for non-resident investors.
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 Emerging 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.