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Fixed Income | US Fixed Income

Invesco PureBeta℠ US Aggregate Bond ETF

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  • Invesco 1-30 Laddered Treasury ETF
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  • Invesco Russell 1000 Enhanced Equal Weight ETF
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  • Invesco Russell 2000 Dynamic Multifactor ETF
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  • Invesco S&P 500 Enhanced Value ETF
  • Invesco S&P 500 Equal Weight Communication Services ETF
  • Invesco S&P 500 Equal Weight Consumer Discretionary ETF
  • Invesco S&P 500 Equal Weight Consumer Staples ETF
  • Invesco S&P 500 Equal Weight ETF
  • Invesco S&P 500 Equal Weight Energy ETF
  • Invesco S&P 500 Equal Weight Financials ETF
  • Invesco S&P 500 Equal Weight Health Care ETF
  • Invesco S&P 500 Equal Weight Industrials ETF
  • Invesco S&P 500 Equal Weight Materials ETF
  • Invesco S&P 500 Equal Weight Real Estate ETF
  • Invesco S&P 500 Equal Weight Technology ETF
  • Invesco S&P 500 Equal Weight Utilities ETF
  • Invesco S&P 500 GARP ETF
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  • Invesco S&P 500 High Dividend Low Volatility ETF
  • Invesco S&P 500 Low Volatility ETF
  • Invesco S&P 500 Minimum Variance ETF
  • Invesco S&P 500 Momentum ETF
  • Invesco S&P 500 Pure Growth ETF
  • Invesco S&P 500 Pure Value ETF
  • Invesco S&P 500 Quality ETF
  • Invesco S&P 500 Revenue ETF
  • Invesco S&P 500 Top 50 ETF
  • Invesco S&P 500 Value with Momentum ETF
  • Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF
  • Invesco S&P Emerging Markets Low Volatility ETF
  • Invesco S&P Emerging Markets Momentum ETF
  • Invesco S&P Global Water Index ETF
  • Invesco S&P International Developed High Dividend Low Volatility ETF
  • Invesco S&P International Developed Low Volatility ETF
  • Invesco S&P International Developed Momentum ETF
  • Invesco S&P International Developed Quality ETF
  • Invesco S&P MidCap 400 Equal Weight ETF
  • Invesco S&P MidCap 400 Pure Growth ETF
  • Invesco S&P MidCap 400 Pure Value ETF
  • Invesco S&P MidCap 400 Revenue ETF
  • Invesco S&P MidCap Low Volatility ETF
  • Invesco S&P MidCap Momentum ETF
  • Invesco S&P MidCap Quality ETF
  • Invesco S&P MidCap Value with Momentum ETF
  • Invesco S&P SmallCap 600 Equal Weight ETF
  • Invesco S&P SmallCap 600 Pure Growth ETF
  • Invesco S&P SmallCap 600 Pure Value ETF
  • Invesco S&P SmallCap 600 Revenue ETF
  • Invesco S&P SmallCap Consumer Discretionary ETF
  • Invesco S&P SmallCap Consumer Staples ETF
  • Invesco S&P SmallCap Energy ETF
  • Invesco S&P SmallCap Financials ETF
  • Invesco S&P SmallCap Health Care ETF
  • Invesco S&P SmallCap High Dividend Low Volatility ETF
  • Invesco S&P SmallCap Industrials ETF
  • Invesco S&P SmallCap Information Technology ETF
  • Invesco S&P SmallCap Low Volatility ETF
  • Invesco S&P SmallCap Materials ETF
  • Invesco S&P SmallCap Momentum ETF
  • Invesco S&P SmallCap Quality ETF
  • Invesco S&P SmallCap Utilities & Communication Services ETF
  • Invesco S&P SmallCap Value with Momentum ETF
  • Invesco S&P Spin-Off ETF
  • Invesco S&P Ultra Dividend Revenue ETF
  • Invesco Senior Loan ETF
  • Invesco Solar ETF
  • Invesco Taxable Municipal Bond ETF
  • Invesco Total Return Bond ETF
  • Invesco Treasury Collateral ETF
  • Invesco Ultra Short Duration ETF
  • Invesco VRDO Tax-Free Weekly ETF
  • Invesco Variable Rate Investment Grade ETF
  • Invesco Variable Rate Preferred ETF
  • Invesco Water Resources ETF
  • Invesco WilderHill Clean Energy ETF
  • Invesco Zacks Mid-Cap ETF
  • Invesco Zacks Multi-Asset Income ETF
Expanded market exposure to leading benchmarks

Product Details

The Invesco PureBeta℠ US Aggregate Bond ETF (the "fund") is based on the ICE BofAML US Broad Market Index℠ (the “index”). The fund will invest at least 80% of its total assets in securities that comprise the index. The index measures the performance of US dollar-denominated, investment grade debt securities, including US Treasury notes and bonds, quasi-government securities, corporate securities, residential and commercial mortgage-backed securities and asset-backed securities. Securities are cap-weighted based on their amount outstanding times the market price plus accrued interest. The Fund does not purchase all of the securities in the Index; instead, the Fund utilizes a "sampling" methodology to seek to achieve its investment objective. The fund and the index are rebalanced monthly on the last calendar day.

as of 07/31/2020 06/30/2020

Performance

Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
ICE BofAML US Broad Market Index 7.83 10.23 5.80 4.53 3.95 5.99
Fund History (%)
Fund NAV 7.76 10.11 N/A N/A N/A 5.83
After Tax Held 7.09 8.92 N/A N/A N/A 4.65
After Tax Sold 4.58 5.94 N/A N/A N/A 3.94
Fund Market Price 7.91 10.26 N/A N/A N/A 6.00
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
ICE BofAML US Broad Market Index 6.19 8.84 5.41 4.36 3.90 5.59
Fund History (%)
Fund NAV 6.16 8.69 N/A N/A N/A 5.43
After Tax Held 5.59 7.50 N/A N/A N/A 4.26
After Tax Sold 3.64 5.11 N/A N/A N/A 3.64
Fund Market Price 6.23 8.63 N/A N/A N/A 5.58

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.

as of 06/30/2020

Growth of $10,000

Data beginning Fund inception and ending 06/30/2020. 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.

as of 01/16/2019

Market Cap & Style Allocations

Large-Cap Value -
Large-Cap Blend -
Large-Cap Growth -
Mid-Cap Value -
Mid-Cap Blend -
Mid-Cap Growth -
Small-Cap Value -
Small-Cap Blend 100.00%
Small-Cap Growth -

Quality Allocations as of 08/10/2020

Rating % of Fund
AAA N/A
AA+ N/A
AA N/A
AA- N/A
A+ N/A
A N/A
A- N/A
BBB+ N/A
BBB N/A
BBB- N/A
NR N/A

Cash is excluded from the credit rating quality allocations table.

as of 08/10/2020

Maturity

Years % of Fund
0 - 1 years -0.23
1 - 5 years 34.84
5 - 10 years 18.76
10 - 15 years 3.55
15 - 20 years 6.53
20 - 25 years 7.29
25 years and over 29.27

as of 08/10/2020 Top Fixed-Income Holdings | View All

Holding Name Coupon Rate Maturity Date Next Call Date Quality Rating Weight
Ginnie Mae II Pool 3.00% 11/20/2046 N/A AAA 1.45%
United States Treasury Note/Bond 4.25% 05/15/2039 N/A AAA 1.17%
Ginnie Mae II Pool 3.50% 08/20/2047 N/A AAA 0.93%
United States Treasury Note/Bond 2.25% 08/15/2046 N/A AAA 0.92%
Freddie Mac Gold Pool 3.00% 06/01/2046 N/A AAA 0.90%
HSBC Holdings PLC 4.58% 06/19/2029 06/19/2028 A+ 0.87%
United States Treasury Note/Bond 3.62% 02/15/2044 N/A AAA 0.87%
Japan Bank for International Cooperation 2.88% 06/01/2027 N/A A+ 0.85%
Hungary Government International Bond 5.38% 02/21/2023 N/A BBB 0.83%
United States Treasury Note/Bond 2.25% 11/15/2025 N/A AAA 0.82%

Holdings are subject to change and are not buy/sell recommendations.

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 | HideView All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital Liquidation Distribution
07/20/2020 07/21/2020 07/31/2020 0.05369 0.05369 - - - -
06/22/2020 06/23/2020 06/30/2020 0.05493 0.05493 - - - -
05/18/2020 05/19/2020 05/29/2020 0.05746 0.05746 - - - -
04/20/2020 04/21/2020 04/30/2020 0.05808 0.05808 - - - -
03/23/2020 03/24/2020 03/31/2020 0.05770 0.05770 - - - -
02/24/2020 02/25/2020 02/28/2020 0.05878 0.05878 - - - -
01/21/2020 01/22/2020 01/31/2020 0.05982 0.05982 - - - -
12/23/2019 12/24/2019 12/31/2019 0.05700 0.05700 - - - -
11/18/2019 11/19/2019 11/29/2019 0.05838 0.05838 - - - -
10/21/2019 10/22/2019 10/31/2019 0.05927 0.05927 - - - -
09/23/2019 09/24/2019 09/30/2019 0.05952 0.05952 - - - -
08/19/2019 08/20/2019 08/30/2019 0.05827 0.05827 - - - -
07/22/2019 07/23/2019 07/31/2019 0.05934 0.05934 - - - -
06/24/2019 06/25/2019 06/28/2019 0.05843 0.05843 - - - -
05/20/2019 05/21/2019 05/31/2019 0.05900 0.05900 - - - -
04/22/2019 04/23/2019 04/30/2019 0.05843 0.05843 - - - -
03/18/2019 03/19/2019 03/29/2019 0.05985 0.05985 - - - -
02/19/2019 02/20/2019 02/28/2019 0.05870 - - - - -
01/22/2019 01/23/2019 01/31/2019 0.05791 0.05791 - - - -
12/24/2018 12/26/2018 12/31/2018 0.05293 0.05293 - - - -
11/19/2018 11/20/2018 11/30/2018 0.05819 0.05819 - - - -
10/22/2018 10/23/2018 10/31/2018 0.05900 0.05900 - - - -
09/24/2018 09/25/2018 09/28/2018 0.05800 0.05800 - - - -
08/20/2018 08/21/2018 08/31/2018 0.06000 0.06000 - - - -
07/23/2018 07/24/2018 07/31/2018 0.05750 0.05750 - - - -
06/18/2018 06/19/2018 06/29/2018 0.05535 0.05535 - - - -
05/21/2018 05/22/2018 05/31/2018 0.05395 0.05395 - - - -
04/23/2018 04/24/2018 04/30/2018 0.05421 0.05421 - - - -
03/19/2018 03/20/2018 03/29/2018 0.05386 0.05386 - - - -
02/20/2018 02/21/2018 02/28/2018 0.05382 0.05382 - - - -
01/22/2018 01/23/2018 01/31/2018 0.05342 0.05342 - - - -
12/18/2017 12/19/2017 12/29/2017 0.04724 0.04724 - - - -
11/20/2017 11/21/2017 11/30/2017 0.05987 0.05987 - - - -
10/23/2017 10/24/2017 10/31/2017 0.05272 0.05272 - - - -

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%
06/30/2020 63 20 32 8 0 0 0
03/31/2020 62 41 5 5 1 0 0
12/31/2019 64 59 2 1 0 0 0
09/30/2019 64 60 0 0 0 0 0
Year Ended 2019 252 230 2 1 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%
06/30/2020 63 3 0 0 0 0 0
03/31/2020 62 7 2 1 0 0 0
12/31/2019 64 2 0 0 0 0 0
09/30/2019 64 4 0 0 0 0 0
Year Ended 2019 252 19 0 0 0 0 0

Fund Inception : 09/29/2017

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

† Ratings are based on S&P, Moody's or Fitch, as applicable. A credit rating is an assessment provided by a nationally recognized statistical rating organization (NRSRO) of the creditworthiness of an issuer with respect to debt obligations, including specific securities, money market instruments or other debts. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest); ratings are subject to change without notice. NR indicates the debtor was not rated, and should not be interpreted as indicating low quality. If securities are rated differently by the rating agencies, the higher rating is applied. Credit ratings are based largely on the rating agency's investment analysis at the time of rating and the rating assigned to any particular security is not necessarily a reflection of the issuer's current financial condition. The rating assigned to a security by a rating agency does not necessarily reflect its assessment of the volatility of a security's market value or of the liquidity of an investment in the security. For more information on the rating methodology, please visit the following NRSRO websites: standardandpoors.com and select 'Understanding Ratings' under Rating Resources on the home page; moodys.com and select 'Rating Methodologies' under Research and Ratings on the home page; fitchratings.com and select 'Ratings Definitions' on the home page.

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.

Interest rate risk refers to the risk that bond prices generally fall as interest rates rise and vice versa.

An issuer may be unable to meet interest and/or principal payments, thereby causing its instruments to decrease in value and lowering the issuer’s credit rating.

The Fund may hold illiquid securities that it may be unable to sell at the preferred time or price and could lose its entire investment in such securities.

Obligations issued by US Government agencies and instrumentalities may receive varying levels of support from the government, which could affect the fund’s ability to recover should they default.

Mortgage- and asset-backed securities, which are subject to call (prepayment) risk, reinvestment risk and extension risk. These securities are also susceptible to an unexpectedly high rate of defaults on the mortgages held by a mortgage pool, which may adversely affect their value. The risk of such defaults depends on the quality of the mortgages underlying such security, the credit quality of its issuer or guarantor, and the nature and structure of its credit support.

The Fund may invest in privately issued securities, including 144A securities which are restricted (i.e. not publicly traded). The liquidity market for Rule 144A securities may vary, as a result, delay or difficulty in selling such securities may result in a loss to the Fund.

The Fund is non-diversified and may experience greater volatility than a more diversified investment.

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.

Beta is a measure of risk representing how a security is expected to respond to general market movements. PureBeta is a market-capitalization weighted methodology, and in no way refers to the purity or absence of errors or flaws in the Underlying Index’s methodology or of the Fund in seeking to track the investment results of the Underlying Index.

"ICE BofAML" and "The ICE BofAML US Broad Market Index℠" are reprinted with permission. © Copyright 2017 Merrill Lynch, Pierce, Fenner & Smith Incorporated ("ICE BofAML"). All rights reserved. "ICE BofAML" and "The ICE BofAML US Broad Market Index℠" are service marks of ICE BofAML and/or its affiliates and have been licensed for use for certain purposes by Invesco on behalf of the Invesco PureBeta℠ US Aggregate Bond ETF that is based on The ICE BofAML US Broad Market Index℠, and is not issued, sponsored, endorsed or promoted by ICE BofAML and/or ICE BofAML's affiliates nor is ICE BofAML and/or ICE BofAML's affiliates an adviser to the Invesco PureBeta℠ US Aggregate Bond ETF. ICE BofAML and ICE BofAML's affiliates make no representation, express or implied, regarding the advisability of investing in the Invesco PureBeta℠ US Aggregate Bond ETF or The ICE BofAML US Broad Market Index℠ and do not guarantee the quality, accuracy or completeness of The ICE BofAML US Broad Market Index℠, index values or any index related data included herein, provided herewith or derived therefrom and assume no liability in connection with their use. As the index provider, ICE BofAML is licensing certain trademarks, The ICE BofAML US Broad Market Index℠ and trade names which are composed by ICE BofAML without regard to Invesco, the Invesco PureBeta℠ US Aggregate Bond ETF or any investor. ICE BofAML and ICE BofAML's affiliates do not provide investment advice to Invesco or the Invesco PureBeta℠ US Aggregate Bond ETF and are not responsible for the performance of the Invesco PureBeta℠ US Aggregate Bond ETF.

Beta is a measure of risk representing how a security is expected to respond to general market movements. PureBeta is a market-capitalization weighted methodology, and in no way refers to the purity or absence of errors or flaws in the Underlying Index's methodology or of the Fund in seeking to track the investment results of the Underlying Index.