Equity | Sector Equity

Invesco AI and Next Gen Software ETF

Ticker: IGPT

Product Details

The Invesco AI and Next Gen Software ETF (Fund) is based on the STOXX World AC NexGen Software Development Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is comprised of companies with significant exposure to technologies or products that contribute to future software development through direct revenue. The Fund and the Index are rebalanced after the close of trading on the second Friday of March, June, September and December.

Effective at the close of markets on July 14, 2023, the Fund will effect a “3 for 1” forward split of its issued and outstanding shares. Please see the prospectus for more information.

as of 01/31/2024 12/31/2023

Performance

Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
STOXX World AC NexGen Software Development Net Return Index (USD) 4.31 N/A N/A N/A N/A N/A
S&P Composite 1500 Software & Services Total Return Index (USD) 5.39 48.72 14.94 21.79 19.36 14.65
Dynamic Software Intellidex Index -0.81 9.23 -10.31 6.60 12.75 12.16
Fund History (%)
Fund NAV 4.26 24.68 -6.19 9.27 13.75 12.38
After Tax Held 4.26 24.68 -6.89 8.77 13.48 12.23
After Tax Sold 2.52 14.61 -4.80 7.21 11.54 10.91
Fund Market Price 4.45 24.70 -6.30 9.25 13.75 12.37
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
STOXX World AC NexGen Software Development Net Return Index (USD) N/A N/A N/A N/A N/A N/A
S&P Composite 1500 Software & Services Total Return Index (USD) 50.07 50.07 12.04 22.19 18.62 14.40
Dynamic Software Intellidex Index 17.70 17.70 -9.14 9.54 12.87 12.27
Fund History (%)
Fund NAV 27.76 27.76 -6.55 11.16 13.30 12.18
After Tax Held 27.76 27.76 -7.25 10.65 13.03 12.04
After Tax Sold 16.43 16.43 -5.05 8.78 11.14 10.73
Fund Market Price 27.49 27.49 -6.63 11.22 13.28 12.17

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.

Please keep in mind that high, double-digit and/or triple-digit returns are highly unusual and cannot be sustained.

as of 12/31/2023

Growth of $10,000

Data beginning 10 years prior to the ending date of 12/31/2023. 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.

STOXX World AC NexGen Software Development Index* performance prior to August 25, 2023 reflects that of the original Underlying Index, Dynamic Software Intellidex Index. From August 25, 2023, forward, the Index performance reflects that of the Underlying Index, STOXX World AC NexGen Software Development Index AND IS NOT INTENDED FOR ANY THIRD PARTY USE.

as of 02/20/2024

Market Cap & Style Allocations

Large-Cap Value 8.09%
Large-Cap Blend 8.00%
Large-Cap Growth 64.40%
Mid-Cap Value 1.09%
Mid-Cap Blend 5.55%
Mid-Cap Growth 10.09%
Small-Cap Value 0.05%
Small-Cap Blend 1.39%
Small-Cap Growth 1.32%

as of 02/21/2024 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
NVDA NVIDIA Corp 10.09
META Meta Platforms Inc 9.99
AMD Advanced Micro Devices Inc 8.52
GOOGL Alphabet Inc 7.26
ADBE Adobe Inc 6.17
QCOM QUALCOMM Inc 4.48
ISRG Intuitive Surgical Inc 4.46
INTC Intel Corp 4.04
6861 JP Keyence Corp 3.16
MU Micron Technology Inc 2.98
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 | 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
12/19/2022 12/20/2022 12/23/2022 0.50418 0.50418 - - - -
09/19/2022 09/20/2022 09/23/2022 0.77869 0.77869 - - - -
12/20/2021 12/21/2021 12/31/2021 7.75552 0.54040 2.55258 4.66254 - -
09/20/2021 09/21/2021 09/30/2021 0.17174 0.17174 - - - -
03/23/2020 03/24/2020 03/31/2020 0.05594 0.05594 - - - -
12/23/2019 12/24/2019 12/31/2019 0.05100 0.05100 - - - -
06/16/2017 06/20/2017 06/30/2017 - - - - - -
12/16/2016 12/20/2016 12/30/2016 0.01469 0.01469 - - - -
09/16/2016 09/20/2016 09/30/2016 - - - - - -
06/17/2016 06/21/2016 06/30/2016 - - - - - -
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 - - - - - -
06/19/2015 06/23/2015 06/30/2015 0.06158 0.06158 - - - -
03/20/2015 03/24/2015 03/31/2015 - - - - - -
12/19/2014 12/23/2014 12/31/2014 0.03923 0.03923 - - - -
09/20/2013 09/24/2013 09/30/2013 0.00000 0.00000 - - - -
06/21/2013 06/25/2013 06/28/2013 0.00000 0.00000 - - - -
03/15/2013 03/19/2013 03/28/2013 0.00000 0.00000 - - - -
12/21/2012 12/26/2012 12/31/2012 0.00000 0.00000 - - - -
09/21/2012 09/25/2012 09/28/2012 0.00000 0.00000 - - - -
06/15/2012 06/19/2012 06/29/2012 0.00000 0.00000 - - - -
03/16/2012 03/20/2012 03/30/2012 0.00000 0.00000 - - - -

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%
12/31/2023 63 11 0 0 0 0 0
09/30/2023 63 10 0 0 0 0 0
06/30/2023 62 8 0 0 0 0 0
03/31/2023 62 12 0 0 0 0 0
Year Ended 2023 250 41 0 0 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%
12/31/2023 63 50 2 0 0 0 0
09/30/2023 63 51 2 0 0 0 0
06/30/2023 62 54 0 0 0 0 0
03/31/2023 62 50 0 0 0 0 0
Year Ended 2023 250 205 4 0 0 0 0

Fund Inception : 06/23/2005

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 focused in a particular industry, such as software, and sectors, such as information technology, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments. 

The Fund may engage in frequent trading of its portfolio securities in connection with the rebalancing or adjustment of the Underlying Index.

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 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 S&P Composite 1500® Software & Services (S&P Software & Services) Index consists of all software and services stocks included in the S&P Composite 1500® Index.

The Dynamic Software Intellidex Index is comprised of common stocks of 30 US software companies. 

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 STOXX World AC NexGen Software Development Index is the intellectual property (including registered trademarks) of STOXX Ltd., Zug, Switzerland (“STOXX”), Deutsche Börse Group or their licensors, which is used under license. Invesco AI and Next Gen Software ETF is neither sponsored nor promoted, distributed or in any other manner supported by STOXX, Deutsche Börse Group or their licensors, research partners or data providers and STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not give any warranty, and exclude any liability (whether in negligence or otherwise) with respect thereto generally or specifically in relation to any errors, omissions or interruptions in the STOXX World AC NexGen Software Development Index or its data.

Beta is a measure of risk representing how a security is expected to respond to general market movements. Smart Beta represents an alternative and selection index based methodology that seeks to outperform a benchmark or reduce portfolio risk, or both. Smart beta funds may underperform cap-weighted benchmarks and increase portfolio risk.