Product Details
The Invesco S&P International Developed Momentum ETF (Fund) is based on the S&P World Ex-U.S. Momentum Index (Index). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index tracks the performance of stocks in the S&P World Ex-U.S Momentum Index that have the highest momentum score. The Fund and the Index are rebalanced and reconstituted semi-annually on the third Friday of March and September.
Effective after close of business May 31, 2024, the S&P Momentum Developed ex-U.S. & South Korea LargeMidCap Index changed its name to the S&P World Ex-U.S. Momentum Index. The underlying index and methodology remains the same.
Morningstar Rating ™
Overall Rating - Foreign Large Growth CategoryAs of 09/30/2024 the Fund had an overall rating of 4 stars out of 386 funds and was rated 5 stars out of 386 funds, 5 stars out of 336 funds and 3 stars out of 224 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. ©2024 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 |
---|---|---|---|---|---|---|
S&P Momentum Developed Ex. U.S. & South Korea LargeMidCap Index | 16.54 | 29.75 | 9.54 | 12.82 | N/A | N/A |
MSCI EAFE Index | 12.99 | 24.77 | 5.48 | 8.20 | 5.71 | 6.52 |
Fund History (%) | ||||||
Fund NAV | 16.30 | 29.45 | 9.54 | 12.68 | 6.60 | 6.77 |
After Tax Held | 15.38 | 28.29 | 8.53 | 11.82 | 5.99 | 6.24 |
After Tax Sold | 9.64 | 17.46 | 7.08 | 9.84 | 5.16 | 5.44 |
Fund Market Price | 16.40 | 29.73 | 9.50 | 12.77 | 6.62 | 6.72 |
Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
---|---|---|---|---|---|---|
S&P Momentum Developed Ex. U.S. & South Korea LargeMidCap Index | 16.54 | 29.75 | 9.54 | 12.82 | N/A | N/A |
MSCI EAFE Index | 12.99 | 24.77 | 5.48 | 8.20 | 5.71 | 6.52 |
Fund History (%) | ||||||
Fund NAV | 16.30 | 29.45 | 9.54 | 12.68 | 6.60 | 6.77 |
After Tax Held | 15.38 | 28.29 | 8.53 | 11.82 | 5.99 | 6.24 |
After Tax Sold | 9.64 | 17.46 | 7.08 | 9.84 | 5.16 | 5.44 |
Fund Market Price | 16.40 | 29.73 | 9.50 | 12.77 | 6.62 | 6.72 |
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 09/30/2024. Fund performance shown at NAV.
S&P Momentum Developed Ex. U.S. & South Korea LargeMidCap Index* performance prior to 3/18/2016 reflects that of the original Underlying Index, S&P BMI International Developed High Beta Index. From 3/18/2016, forward, the Index performance reflects that of the Underlying Index, S&P Momentum Developed Ex. U.S. & South Korea LargeMidCap Index AND IS NOT INTENDED FOR ANY THIRD PARTY USE.
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 | 39.44% |
Industrials | 20.96% |
Information Technology | 9.62% |
Health Care | 9.35% |
Consumer Discretionary | 4.88% |
Communication Services | 4.81% |
Materials | 3.81% |
Energy | 3.05% |
Consumer Staples | 2.13% |
Real Estate | 1.68% |
Utilities | 0.23% |
Investment Companies | 0.04% |
Cash | 0.01% |
Top Country Allocation
Country | Percentage |
---|---|
Japan | 25.64% |
Germany | 10.45% |
Canada | 9.83% |
Australia | 9.43% |
United Kingdom | 8.53% |
Denmark | 6.75% |
Switzerland | 5.69% |
Sweden | 4.85% |
Italy | 4.39% |
France | 4.26% |
Market Cap & Style Allocations
Large-Cap Value | 20.42% |
Large-Cap Blend | 29.75% |
Large-Cap Growth | 44.66% |
Mid-Cap Value | 1.00% |
Mid-Cap Blend | 1.32% |
Mid-Cap Growth | 2.74% |
Small-Cap Value | - |
Small-Cap Blend | 0.11% |
Small-Cap Growth | - |
as of 10/11/2024 Top Holdings | View All
Fund Holdings subject to change
Ticker | Company | % of Fund |
---|---|---|
NOVOB DC | Novo Nordisk A/S | 6.46 |
SAP | SAP SE | 4.55 |
CBA | Commonwealth Bank of Australia | 2.82 |
6501 JP | Hitachi Ltd | 2.32 |
8306 JP | Mitsubishi UFJ Financial Group Inc | 2.11 |
SU FP | Schneider Electric SE | 2.02 |
REL LN | RELX PLC | 1.87 |
ALV | Allianz SE | 1.80 |
6098 JP | Recruit Holdings Co Ltd | 1.78 |
DTE | Deutsche Telekom AG | 1.69 |
Distributions | Hide View All | Distribution Information
Ex-Date | Record Date | Pay Date | $/ Share |
Ordinary Income | Short Term Gains | Long Term Gains | Return of Capital | Liquidation Distribution |
---|---|---|---|---|---|---|---|---|
09/23/2024 | 09/23/2024 | 09/27/2024 | 0.27672 | 0.27672 | - | - | - | - |
06/24/2024 | 06/24/2024 | 06/28/2024 | 0.23353 | 0.23353 | - | - | - | - |
03/18/2024 | 03/19/2024 | 03/22/2024 | 0.30292 | 0.30292 | - | - | - | - |
12/18/2023 | 12/19/2023 | 12/22/2023 | 0.12803 | 0.12803 | - | - | - | - |
09/18/2023 | 09/19/2023 | 09/22/2023 | 0.32544 | 0.32544 | - | - | - | - |
06/20/2023 | 06/21/2023 | 06/23/2023 | 0.20694 | 0.20694 | - | - | - | - |
03/20/2023 | 03/21/2023 | 03/24/2023 | 0.40382 | 0.40382 | - | - | - | - |
12/19/2022 | 12/20/2022 | 12/23/2022 | 0.12088 | 0.12088 | - | - | - | - |
09/19/2022 | 09/20/2022 | 09/23/2022 | 0.36988 | 0.36988 | - | - | - | - |
06/21/2022 | 06/22/2022 | 06/30/2022 | 0.43413 | 0.43413 | - | - | - | - |
03/21/2022 | 03/22/2022 | 03/31/2022 | 0.23481 | 0.23481 | - | - | - | - |
12/20/2021 | 12/21/2021 | 12/31/2021 | 0.21800 | 0.21800 | - | - | - | - |
09/20/2021 | 09/21/2021 | 09/30/2021 | 0.17054 | 0.17054 | - | - | - | - |
06/21/2021 | 06/22/2021 | 06/30/2021 | 0.13796 | 0.13796 | - | - | - | - |
03/22/2021 | 03/23/2021 | 03/31/2021 | 0.15024 | 0.15024 | - | - | - | - |
12/21/2020 | 12/22/2020 | 12/31/2020 | 0.14388 | 0.14388 | - | - | - | - |
09/21/2020 | 09/22/2020 | 09/30/2020 | 0.10323 | 0.10323 | - | - | - | - |
06/22/2020 | 06/23/2020 | 06/30/2020 | 0.09772 | 0.09772 | - | - | - | - |
03/23/2020 | 03/24/2020 | 03/31/2020 | 0.19985 | 0.19985 | - | - | - | - |
12/23/2019 | 12/24/2019 | 12/31/2019 | 0.11000 | 0.11000 | - | - | - | - |
09/23/2019 | 09/24/2019 | 09/30/2019 | 0.13374 | 0.13374 | - | - | - | - |
06/24/2019 | 06/25/2019 | 06/28/2019 | 0.40472 | 0.40472 | - | - | - | - |
03/18/2019 | 03/19/2019 | 03/29/2019 | 0.12817 | 0.12817 | - | - | - | - |
12/24/2018 | 12/26/2018 | 12/31/2018 | 0.26839 | 0.26839 | - | - | - | - |
06/18/2018 | 06/19/2018 | 06/29/2018 | 0.37893 | 0.37893 | - | - | - | - |
03/19/2018 | 03/20/2018 | 03/29/2018 | 0.09775 | 0.09775 | - | - | - | - |
12/18/2017 | 12/19/2017 | 12/29/2017 | 0.18911 | 0.18911 | - | - | - | - |
09/18/2017 | 09/19/2017 | 09/29/2017 | 0.17086 | 0.17086 | - | - | - | - |
06/16/2017 | 06/20/2017 | 06/30/2017 | 0.27697 | 0.27697 | - | - | - | - |
03/17/2017 | 03/21/2017 | 03/31/2017 | 0.23084 | 0.23084 | - | - | - | - |
12/16/2016 | 12/20/2016 | 12/30/2016 | 0.13221 | 0.13221 | - | - | - | - |
09/16/2016 | 09/20/2016 | 09/30/2016 | 0.01593 | 0.01593 | - | - | - | - |
06/17/2016 | 06/21/2016 | 06/30/2016 | 0.22574 | 0.22574 | - | - | - | - |
03/18/2016 | 03/22/2016 | 03/31/2016 | 0.11733 | 0.11733 | - | - | - | - |
12/18/2015 | 12/22/2015 | 12/31/2015 | 0.13016 | 0.13016 | - | - | - | - |
09/18/2015 | 09/22/2015 | 09/30/2015 | 0.12215 | 0.12215 | - | - | - | - |
06/19/2015 | 06/23/2015 | 06/30/2015 | 0.30561 | 0.30561 | - | - | - | - |
03/20/2015 | 03/24/2015 | 03/31/2015 | 0.03019 | 0.03019 | - | - | - | - |
06/20/2014 | 06/24/2014 | 06/30/2014 | 0.58100 | 0.58100 | - | - | - | - |
03/21/2014 | 03/25/2014 | 03/31/2014 | 0.01029 | 0.01029 | - | - | - | - |
12/20/2013 | 12/24/2013 | 12/31/2013 | 0.13176 | 0.13176 | - | - | - | - |
09/20/2013 | 09/24/2013 | 09/30/2013 | 0.16434 | 0.16434 | - | - | - | - |
06/21/2013 | 06/25/2013 | 06/28/2013 | 0.20000 | 0.20000 | - | - | - | - |
03/15/2013 | 03/19/2013 | 03/28/2013 | 0.00984 | 0.00984 | - | - | - | - |
12/21/2012 | 12/26/2012 | 12/31/2012 | 0.23410 | 0.23410 | - | - | - | - |
09/21/2012 | 09/25/2012 | 09/28/2012 | 0.06851 | 0.06851 | - | - | - | - |
06/15/2012 | 06/19/2012 | 06/29/2012 | 0.22000 | 0.22000 | - | - | - | - |
03/16/2012 | 03/20/2012 | 03/30/2012 | 0.00000 | 0.00000 | - | - | - | - |
Distribution Information
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 | 64 | 10 | 11 | 15 | 4 | 2 | 1 |
06/30/2024 | 63 | 10 | 16 | 15 | 2 | 0 | 0 |
03/31/2024 | 61 | 14 | 17 | 20 | 0 | 1 | 0 |
12/31/2023 | 63 | 11 | 16 | 15 | 8 | 2 | 0 |
Year Ended 2023 | 250 | 36 | 56 | 94 | 32 | 4 | 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 | 64 | 8 | 8 | 1 | 3 | 1 | 0 |
06/30/2024 | 63 | 14 | 2 | 3 | 1 | 0 | 0 |
03/31/2024 | 61 | 6 | 2 | 1 | 0 | 0 | 0 |
12/31/2023 | 63 | 5 | 5 | 1 | 0 | 0 | 0 |
Year Ended 2023 | 250 | 19 | 8 | 1 | 0 | 0 | 0 |
Fund Inception : 02/24/2012
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.
The performance of an investment concentrated in issuers of a certain region or country, such as the Japan and the European Union, is expected to be closely tied to conditions within that region and to be more volatile than more geographically diversified investments.
The risks of investing in securities of foreign issuers can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues.
Momentum style of investing is subject to the risk that the securities may be more volatile than the market as a whole or returns on securities that have previously exhibited price momentum are less than returns on other styles of investing.
The Fund may engage in frequent trading of its portfolio securities in connection with the rebalancing or adjustment of the Underlying Index.
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.
Investments focused in a particular industry, such as financial, are subject to greater risk, and are more greatly impacted by market volatility, than more 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.
Effective after close of business May 21, 2024, the S&P Momentum Developed ex-U.S. & South Korea LargeMidCap Index changed its name to the S&P World Ex-U.S. Momentum Index. The underling index and methodology remains the same.
The MSCI EAFE® Index is an unmanaged index considered representative of 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.
S&P® is a registered trademark of Standard & Poor's Financial Services LLC (S&P) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones). These trademarks have been licensed for use by S&P Dow Jones Indices LLC. S&P® and Standard & Poor's® are trademarks of S&P and Dow Jones® is a trademark of Dow Jones. These trademarks have been sublicensed for certain purposes by Invesco Capital Management LLC. The Index is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Invesco. The Fund is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates and neither S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates make any representation regarding the advisability of investing in such product(s).
© 2021 Axioma, Inc. All Rights Reserved. The information, data, analyses and opinions (“Information”) contained herein: (1) include the proprietary information of Axioma; (2) may not be copied or redistributed except as specifically authorized; (3) do not constitute financial, investment, or legal advice; (4) are provided solely for informational purposes; and (5) are not warranted to be complete, accurate or timely. Axioma is not responsible for any trading decisions, damages or other losses related to the Information or its use. Information should be verified before use and should not be acted upon without first obtaining specific legal, tax, and investment advice from a licensed professional. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up. Invesco is not affiliated with Axioma, Inc.