Product Details
The Invesco RAFITM Strategic Developed ex-US ETF (Fund) is based on the Invesco Strategic Developed ex-US Index (Index). The Fund will normally invest at least 80% of its total assets in securities, American depositary receipts (ADRs) and global depositary receipts (GDRs) that comprise the Index. The Index is designed to measure the performance of high quality, large-sized developed market companies, excluding the US. The eligible equity securities are assigned a business-size score based on the equally-weighted average of sales, operating cash flow, total return of capital and book value over the prior five years or life of the security. Real estate securities are assigned a business-size score based on sales, funds from operations, total return of capital and total assets. The securities are then assigned a quality score based on the equally-weighted average of efficiency (ratio of sales-to-assets in the prior year) and growth (percentage change in ratio of sales-to-assets over the prior five years or life of the security). Finally, each eligible security is ranked in descending order by its Business-Size score. For inclusion in the index, securities ranked in the top 90% by Business-Size score are eligible and, of those 80% with the highest Quality score. Securities in the Index are weighted based on their float-adjusted Business-Size scores. The Fund and the Index are reconstituted annually.
The Fund's final day of trading will occur on March 30, 2023. After market close on that date the Fund will no longer trade on an Exchange and will be subsequently delisted. The final distribution to shareholders of the Fund is expected to occur on or about April 6, 2023. Please see the Fund's prospectus for further information.
Morningstar Rating ™
Overall Rating - Foreign Large Value CategoryAs of 08/31/2022 the Fund had an overall rating of 5 stars out of 316 funds and was rated 5 stars out of 316 funds, N/A stars out of 294 funds and N/A stars out of 175 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. ©2022 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 |
|---|---|---|---|---|---|---|
| Invesco Strategic Developed ex-US Index | 5.67 | -2.14 | 11.06 | N/A | N/A | 6.12 |
| MSCI EAFE Index | 5.84 | -3.14 | 6.84 | 2.64 | 4.83 | 4.03 |
| Fund History (%) | ||||||
| Fund NAV | 5.64 | -2.15 | 10.92 | N/A | N/A | 6.14 |
| After Tax Held | 5.64 | -2.84 | 10.06 | N/A | N/A | 5.40 |
| After Tax Sold | 3.34 | -0.69 | 8.45 | N/A | N/A | 4.71 |
| Fund Market Price | 5.30 | -2.39 | 11.04 | N/A | N/A | 6.05 |
| Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
|---|---|---|---|---|---|---|
| Invesco Strategic Developed ex-US Index | -7.90 | -7.90 | 4.27 | N/A | N/A | 5.01 |
| MSCI EAFE Index | -14.45 | -14.45 | 0.87 | 1.54 | 4.67 | 2.82 |
| Fund History (%) | ||||||
| Fund NAV | -7.89 | -7.89 | 4.27 | N/A | N/A | 5.04 |
| After Tax Held | -9.14 | -9.14 | 3.24 | N/A | N/A | 4.12 |
| After Tax Sold | -4.68 | -4.68 | 3.04 | N/A | N/A | 3.70 |
| Fund Market Price | -8.10 | -8.10 | 4.39 | N/A | N/A | 5.02 |
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 12/31/2022. 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 |
|---|---|
| Investment Companies | 99.37% |
| Cash | 0.33% |
| Materials | 0.28% |
| Energy | 0.02% |
| Industrials | 0.00% |
| Consumer Discretionary | 0.00% |
Top Country Allocation
| Country | Percentage |
|---|---|
| United States | 99.56% |
| South Korea | 0.34% |
| Japan | 0.08% |
| Canada | 0.05% |
| United Kingdom | 0.04% |
| Australia | 0.01% |
| Ireland | 0.00% |
| Switzerland | 0.00% |
| Denmark | 0.00% |
| Singapore | 0.00% |
Market Cap & Style Allocations
| Large-Cap Value | 93.15% |
| Large-Cap Blend | 6.84% |
| Large-Cap Growth | - |
| Mid-Cap Value | 0.01% |
| Mid-Cap Blend | - |
| Mid-Cap Growth | - |
| Small-Cap Value | - |
| Small-Cap Blend | - |
| Small-Cap Growth | - |
as of 03/27/2023 Top Holdings | View All
Fund Holdings subject to change
| Ticker | Company | % of Fund |
|---|---|---|
| AGPXX | Invesco Government & Agency Portfolio | 99.37 |
| 009830 KS | Hanwha Solutions Corp | 0.28 |
| -CASH- | Cash/Receivables/Payables | 0.19 |
| -JapanYen- | Cash/Receivables/Payables | 0.08 |
| 99OPTNCAD | Cash/Receivables/Payables | 0.05 |
| -SouthKore | Cash/Receivables/Payables | 0.05 |
| -GBP- | Cash/Receivables/Payables | 0.04 |
| 096770 KS | SK Innovation Co Ltd | 0.02 |
| -Australia | Cash/Receivables/Payables | 0.01 |
| RYA | Ryanair Holdings PLC | 0.00 |
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 |
|---|---|---|---|---|---|---|---|---|
| 03/28/2023 | 03/29/2023 | 04/06/2023 | 1.18182 | 1.18182 | - | - | - | - |
| 12/19/2022 | 12/20/2022 | 12/23/2022 | 0.08214 | 0.08214 | - | - | - | - |
| 09/19/2022 | 09/20/2022 | 09/23/2022 | 0.23285 | 0.23285 | - | - | - | - |
| 06/21/2022 | 06/22/2022 | 06/30/2022 | 0.31915 | 0.31915 | - | - | - | - |
| 03/21/2022 | 03/22/2022 | 03/31/2022 | 0.27860 | 0.27860 | - | - | - | - |
| 12/20/2021 | 12/21/2021 | 12/31/2021 | 0.55398 | 0.38413 | 0.10325 | 0.06660 | - | - |
| 09/20/2021 | 09/21/2021 | 09/30/2021 | 0.30781 | 0.30781 | - | - | - | - |
| 06/21/2021 | 06/22/2021 | 06/30/2021 | 0.20508 | 0.20508 | - | - | - | - |
| 03/22/2021 | 03/23/2021 | 03/31/2021 | 0.16826 | 0.16826 | - | - | - | - |
| 12/21/2020 | 12/22/2020 | 12/31/2020 | 0.09875 | 0.09875 | - | - | - | - |
| 09/21/2020 | 09/22/2020 | 09/30/2020 | 0.14274 | 0.14274 | - | - | - | - |
| 06/22/2020 | 06/23/2020 | 06/30/2020 | 0.12593 | 0.12593 | - | - | - | - |
| 03/23/2020 | 03/24/2020 | 03/31/2020 | 0.17685 | 0.17685 | - | - | - | - |
| 12/23/2019 | 12/24/2019 | 12/31/2019 | 0.15016 | 0.15016 | - | - | - | - |
| 09/23/2019 | 09/24/2019 | 09/30/2019 | 0.18155 | 0.18155 | - | - | - | - |
| 06/24/2019 | 06/25/2019 | 06/28/2019 | 0.15092 | 0.15092 | - | - | - | - |
| 03/18/2019 | 03/19/2019 | 03/29/2019 | 0.12812 | 0.12812 | - | - | - | - |
| 12/24/2018 | 12/26/2018 | 12/31/2018 | 0.21104 | 0.21104 | - | - | - | - |
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% |
| 12/31/2022 | 63 | 18 | 7 | 12 | 5 | 0 | 0 |
| 09/30/2022 | 64 | 14 | 12 | 12 | 2 | 1 | 0 |
| 06/30/2022 | 62 | 17 | 16 | 11 | 2 | 0 | 0 |
| 03/31/2022 | 62 | 12 | 13 | 19 | 4 | 0 | 0 |
| Year Ended 2022 | 251 | 61 | 48 | 54 | 13 | 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% |
| 12/31/2022 | 63 | 9 | 8 | 3 | 0 | 0 | 1 |
| 09/30/2022 | 64 | 16 | 5 | 2 | 0 | 0 | 0 |
| 06/30/2022 | 62 | 10 | 4 | 2 | 0 | 0 | 0 |
| 03/31/2022 | 62 | 12 | 1 | 1 | 0 | 0 | 0 |
| Year Ended 2022 | 251 | 47 | 18 | 8 | 0 | 0 | 1 |
Fund Inception : 09/12/2018
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 industry or sector are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.
Depositary receipts involve many of the same risks as a direct investment in foreign securities, and issuers of certain depositary receipts are under no obligation to distribute shareholder communications to the holders or to pass through to them any voting rights with respect to the deposited securities.
The risks of investing in securities of foreign issuers can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues.
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.
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.
REITs are pooled investment vehicles that trade like stocks and invest substantially all of their assets in real estate and may qualify for special tax considerations. REITs are subject to risks inherent in the direct ownership of real estate. A company’s failure to qualify as a REIT under federal tax law may have adverse consequences to the REIT’s shareholders. REITs may have expenses, including advisory and administration, and REIT shareholders will incur a proportionate share of the underlying expenses.
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 Invesco Strategic Developed ex-US Index is a trademark of Invesco Indexing LLC (index provider) and has been licensed for use by Invesco Capital Management LLC (investment adviser). Invesco Indexing LLC, Invesco Capital Management LLC, and Invesco Distributors, Inc. (ETF distributor) are wholly owned, indirect subsidiaries of Invesco Ltd.
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