The Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (the "Fund") is based on the FTSE RAFI Developed ex U.S. Mid-Small 1500 Index (the "Index"). The Fund will generally invest at least 90% of its total assets in securities that comprise the Index as well as American depositary receipts (ADRs) and global depositary receipts (GDRs) that represent securities in the Index. The Index is designed to track the performance of small and mid-capitalization equities of companies in developed international markets (excluding the US), selected based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends. The equities are based on their fundamental strength and are weighted according to their fundamental scores. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are reconstituted annually.
Morningstar Rating ™Overall Rating - Foreign Small/Mid Value Category
As of 10/31/2020 the Fund had an overall rating of 4 stars out of 42 funds and was rated 4 stars out of 42 funds, 4 stars out of 30 funds and 4 stars out of 12 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. ©2020 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.
|Index History (%)||YTD||1Yr||3Yr||5Yr||10Yr||Since Inception|
|FTSE RAFI Developed ex U.S. Mid Small 1500 Index||-8.83||-3.15||-1.84||4.52||5.16||3.84|
|MSCI EAFE Small Cap Index||-7.54||-1.36||-0.35||5.38||6.55||3.56|
|Fund History (%)|
|After Tax Held||-9.59||-4.18||-2.69||3.69||4.36||2.96|
|After Tax Sold||-5.35||-1.91||-1.58||3.33||3.90||2.72|
|Fund Market Price||-7.85||-2.53||-2.21||4.17||4.63||3.24|
|Index History (%)||YTD||1Yr||3Yr||5Yr||10Yr||Since Inception|
|FTSE RAFI Developed ex U.S. Mid Small 1500 Index||-6.29||3.72||-0.25||6.40||5.77||4.08|
|MSCI EAFE Small Cap Index||-4.20||6.84||1.40||7.37||7.33||3.87|
|Fund History (%)|
|After Tax Held||-6.94||2.76||-1.10||5.58||4.99||3.21|
|After Tax Sold||-3.78||2.22||-0.38||4.83||4.41||2.91|
|Fund Market Price||-5.27||3.43||-0.72||5.82||5.39||3.48|
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 09/30/2020. 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.
|Sector||Percent of Fund|
Top Country Allocation
Market Cap & Style Allocations
as of 12/02/2020 Top Holdings | View All
Fund Holdings subject to change
|Ticker||Company||% of Fund|
|285130 KS||SK Chemicals Co Ltd||0.27|
|LOGN SW||Logitech International SA||0.26|
|SGRE||Siemens Gamesa Renewable Energy SA||0.26|
|4062 JP||Ibiden Co Ltd||0.25|
|011780 KS||Kumho Petrochemical Co Ltd||0.24|
|9533 JP||Toho Gas Co Ltd||0.24|
|HBM||Hudbay Minerals Inc||0.24|
|6383 JP||Daifuku Co Ltd||0.24|
|OZL||OZ Minerals Ltd||0.23|
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.
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 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 performance of an investment concentrated in issuers of a certain region or country, such as the Japan, is expected to be closely tied to conditions within that region and to be more volatile than more geographically 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.
The MSCI EAFE® Small Cap Index is an unmanaged index considered representative of small-cap 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.
Shares of the Fund are not in any way sponsored, endorsed, sold or promoted by FTSE International Limited ("FTSE"), or by the London Stock Exchange Plc ("Exchange"), or by The Financial Times Limited ("FT") or by Research Affiliates LLC ("RA"), and neither FTSE nor Exchange nor FT nor RA makes any warranty or representation whatsoever, expressly or implicitly, as to the results to be obtained from the use of the FTSE RAFI Developed Markets ex-U.S. Mid-Small 1500 Index ("Index") and/or the figure at which the said Index stands at any particular time on any particular day or otherwise. The Index is compiled and calculated by FTSE in conjunction with RA; however, neither FTSE nor Exchange nor FT nor RA shall be liable (whether in negligence or otherwise) to any person for any error in the Index, and neither FTSE nor the Exchange nor FT nor RA shall be under any obligation to advise any person of any error therein. "FTSE" is a trademark of the London Stock Exchange Plc and The Financial Times Limited and is used by FTSE International Limited under licence. "Research Affiliates", "RAFI", "Fundamentals Weighted" and "Fundamental Index" are trademarks of Research Affiliates.
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.