Product Details
This fund seeks to provide investors exposure to the MSCI EAFE Index combined with an active option income overlay for income generation, downside protection and upside participation.
Effective July 17, 2024 through December 31, 2024, Invesco Capital Management LLC (the “Adviser”) will voluntarily waive 100% of its management fee, 0.39%, for the Fund. The Net Expense Ratio for the Fund through December 31, 2024 is 0.00%.
Performance
Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
---|---|---|---|---|---|---|
MSCI EAFE Index | 6.24 | 11.88 | 4.15 | 5.89 | 5.07 | -2.76 |
Fund History (%) | ||||||
Fund NAV | N/A | N/A | N/A | N/A | N/A | -1.48 |
After Tax Held | N/A | N/A | N/A | N/A | N/A | -2.35 |
After Tax Sold | N/A | N/A | N/A | N/A | N/A | -0.87 |
Fund Market Price | N/A | N/A | N/A | N/A | N/A | -1.23 |
Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
---|---|---|---|---|---|---|
MSCI EAFE Index | 12.99 | 24.77 | 5.48 | 8.20 | 5.71 | 3.42 |
Fund History (%) | ||||||
Fund NAV | N/A | N/A | N/A | N/A | N/A | 2.58 |
After Tax Held | N/A | N/A | N/A | N/A | N/A | 2.29 |
After Tax Sold | N/A | N/A | N/A | N/A | N/A | 1.53 |
Fund Market Price | N/A | N/A | N/A | N/A | N/A | 2.54 |
This is a new Fund and has no full-year Fund performance to report as of most recent quarter end.
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. After Tax Held and After Tax Sold are based on NAV. Returns less than one year are cumulative.
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 The results assume that no cash was added to or assets withdrawn from the Index.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 |
---|---|
Investment Companies | 20.75% |
Financials | 19.87% |
Industrials | 13.52% |
Health Care | 9.63% |
Consumer Discretionary | 8.26% |
Information Technology | 6.56% |
Consumer Staples | 6.28% |
Materials | 4.68% |
Communication Services | 3.74% |
Energy | 2.59% |
Utilities | 2.45% |
Real Estate | 1.53% |
UnClassified | 0.10% |
Cash | 0.03% |
Top Country Allocation
Country | Percentage |
---|---|
United States | 25.37% |
Japan | 17.75% |
United Kingdom | 9.43% |
France | 8.04% |
Germany | 6.96% |
Switzerland | 6.49% |
Australia | 6.17% |
Netherlands | 3.35% |
Sweden | 2.77% |
Denmark | 2.50% |
as of 12/06/2024 Top Holdings | View All
Fund Holdings subject to change
Ticker | Company | % of Fund |
---|---|---|
NOVOB DC | Novo Nordisk A/S | 1.62 |
ASML | ASML Holding NV | 1.29 |
SAP | SAP SE | 1.20 |
NESN SW | Nestle SA | 1.02 |
AZN LN | AstraZeneca PLC | 0.95 |
ROG SW | Roche Holding AG | 0.93 |
NOVN SW | Novartis AG | 0.91 |
SHEL LN | Shell PLC | 0.88 |
MC FP | LVMH Moet Hennessy Louis Vuitton SE | 0.83 |
7203 JP | Toyota Motor Corp | 0.81 |
Distributions | Hide View All
Ex-Date | Record Date | Pay Date | $/ Share |
Ordinary Income | Short Term Gains | Long Term Gains | Return of Capital | Liquidation Distribution |
---|---|---|---|---|---|---|---|---|
11/18/2024 | 11/18/2024 | 11/22/2024 | 0.36777 | 0.36777 | - | - | - | - |
10/21/2024 | 10/21/2024 | 10/25/2024 | 0.35203 | 0.35203 | - | - | - | - |
09/23/2024 | 09/23/2024 | 09/27/2024 | 0.35364 | 0.35364 | - | - | - | - |
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% |
09/30/2024 | 53 | 14 | 11 | 12 | 0 | 1 | 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% |
09/30/2024 | 53 | 9 | 3 | 3 | 0 | 0 | 0 |
Fund Inception : 07/17/2024
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
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.
Market Risk - Securities held by the Fund are subject to market fluctuations. You should anticipate that the value of the Shares will decline, more or less, in correlation with any decline in value of the securities in the Fund’s portfolio. Additionally, natural or environmental disasters, widespread disease or other public health issues, war, military conflicts, acts of terrorism, economic crises or other events could result in increased premiums or discounts to the Fund’s net asset value (“NAV”)
Management Risk - The investment techniques and risk analysis used by the portfolio managers may not produce the desired results.
Index Risk - While the Fund is actively managed, a substantial portion of the Fund’s portfolio is designed to track the performance of the Index. In managing this portion of the Fund’s portfolio, the portfolio managers will not generally buy or sell a security unless that security is added or removed, respectively, from the Index, regardless of the performance of that security. If a specific security is removed from the Index, the Fund may be forced to sell such security at an inopportune time or for a price lower than the security’s current market value
Equity - In general, equity values fluctuate, sometimes widely, in response to activities specific to the company as well as general market, economic and political conditions.
Equity Linked Notes Risk. - Investments in ELNs are susceptible to the risks of their underlying instruments, which could include management risk, market risk and, as applicable, foreign securities and currency risks. ELNs are also subject to certain debt securities risks, such as interest rate and credit risks. Should the prices of the underlying instruments move in an unexpected manner, the Fund may not achieve the anticipated benefits of an investment in an ELN, and may realize losses, which could be significant and could include the Fund’s entire principal investment. An ELN investment is also subject to counterparty risk, which is the risk that the issuer of the ELN will default or become bankrupt and the Fund may not be repaid the principal amount of, or income from, its investment. ELNs may also be less liquid than more traditional investments and the Fund may be unable to sell ELNs at a desirable time or price. In addition, the price of ELNs may not correlate with the underlying securities or a fixed income investment
Foreign Investment Risk - The risks of investing in securities of foreign issuers can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues.
Geographic Concentration - The performance of an investment concentrated in issuers of a certain region or country is expected to be closely tied to conditions within that region and to be more volatile than more geographically diversified investments.
Industry Concentration - Investments focused in a particular industry are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.
ADR and GDR – ADRs and GDRs may be subject to certain of the risks associated with direct investments in the securities of foreign companies. ADRs and GDRs may not track the price of the underlying securities on which they are based, and their value may change materially at times when U.S. markets are not open for trading.
Currency - Currencies and futures generally are volatile and are not suitable for all investors.
Derivatives - Derivatives may be more volatile and less liquid than traditional investments and are subject to market, interest rate, credit, leverage, counterparty and management risks. An investment in a derivative could lose more than the cash amount invested.
Futures Contract - Risks of futures contracts include: an imperfect correlation between the value of the futures contract and the underlying commodity; possible lack of a liquid secondary market; inability to close a futures contract when desired; losses due to unanticipated market movements; obligation for the Fund to make daily cash payments to maintain its required margin; failure to close a position may result in the Fund receiving an illiquid commodity; and unfavorable execution prices.
Options - A decision as to whether, when and how to use options involves the exercise of skill and judgment and even a well conceived option transaction may be unsuccessful because of market behavior or unexpected events. The prices of options can be highly volatile and the use of options can lower total returns.
Short Sales - Short sales may cause an investor to repurchase a security at a higher price, causing a loss. As there is no limit on how much the price of the security can increase, exposure to potential loss is unlimited.
Investments in Investment Company Risk - Because the Fund may invest in other investment companies, it's subject to the risks associated with the investment company and its investment performance may depend on the underlying investment company's performance. The Fund will indirectly pay a proportional share of the investment company's fees and expenses, while continuing to pay its own management fee to the Adviser, resulting in shareholders absorbing duplicate levels of fees.
Non-diversified - The Fund is non-diversified and may experience greater volatility than a more diversified investment.
Issuer-Specific Changes - The value of an individual security or particular type of security may be more volatile than the market as a whole and may perform differently from the value of the market as a whole.
Cash Transaction - The Fund currently intends to effect creations and redemptions principally for cash, rather than principally in-kind because of the nature of the Fund's investments. As such, investments in the Fund may be less tax efficient than investments in ETFs that create and redeem in-kind.
Market Trading Risk - The Fund is subject to numerous market trading risks, including the potential lack of an active market, losses from trading in secondary markets, and disruption in the creation/redemption process. During stressed market conditions, Shares may become less liquid as result of deteriorating liquidity which could lead to differences in the market price and the underlying value of those Shares.