Product Details
The Invesco Global Listed Private Equity ETF (Fund) is based on the Red Rocks Global Listed Private Equity Index (Index). The Fund will normally invest at least 90% of its total assets in securities, which may include American depository receipts (ADRs) and global depository receipts (GDRs), that comprise the Index. The Index includes securities, ADRs and GDRs of 40 to 75 private equity companies, including business development companies (BDCs), master limited partnerships (MLPs) and other vehicles whose principal business is to invest in, lend capital to or provide services to privately held companies (collectively, listed private equity companies). The Fund and the Index are rebalanced and reconstituted quarterly.
Performance
Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
---|---|---|---|---|---|---|
Red Rocks Global Listed Private Equity Index | 16.57 | 12.08 | 5.00 | 3.81 | 7.39 | N/A |
MSCI AC World Index | 14.80 | 13.95 | 7.23 | 7.46 | 8.56 | 6.20 |
Fund History (%) | ||||||
Fund NAV | 15.69 | 11.14 | 4.13 | 3.03 | 6.51 | 1.11 |
After Tax Held | 14.71 | 9.95 | 1.90 | 0.85 | 4.07 | -0.77 |
After Tax Sold | 9.28 | 6.62 | 2.50 | 1.61 | 4.25 | 0.16 |
Fund Market Price | 15.82 | 10.80 | 4.21 | 2.97 | 6.54 | 1.09 |
Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
---|---|---|---|---|---|---|
Red Rocks Global Listed Private Equity Index | 13.84 | 11.91 | 7.67 | 4.28 | 7.56 | N/A |
MSCI AC World Index | 13.93 | 16.53 | 10.99 | 8.10 | 8.75 | 6.21 |
Fund History (%) | ||||||
Fund NAV | 13.29 | 10.94 | 6.76 | 3.50 | 6.69 | 1.00 |
After Tax Held | 12.33 | 9.75 | 4.47 | 1.32 | 4.25 | -0.90 |
After Tax Sold | 7.87 | 6.52 | 4.56 | 1.99 | 4.42 | 0.08 |
Fund Market Price | 13.65 | 10.49 | 6.69 | 3.52 | 6.69 | 0.99 |
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 06/30/2023. Fund performance shown at NAV.
Red Rocks Global Listed Private Equity Index* performance prior to 9/30/2009 reflects that of the original Underlying Index Red Rocks Capital Listed Private Equity Index. From 9/30/2009, forward, the Index performance reflects that of the Underlying Index Red Rocks Global Listed Private Equity 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 | 84.12% |
Investment Companies | 6.23% |
Industrials | 5.83% |
Communication Services | 1.62% |
Consumer Discretionary | 1.26% |
Information Technology | 0.92% |
Cash | 0.03% |
Top Country Allocation
Country | Percentage |
---|---|
United States | 40.69% |
United Kingdom | 17.07% |
Sweden | 8.52% |
Canada | 6.58% |
France | 6.43% |
Switzerland | 6.29% |
Belgium | 5.66% |
Guernsey | 3.40% |
Japan | 1.56% |
Bermuda | 1.23% |
Market Cap & Style Allocations
Large-Cap Value | - |
Large-Cap Blend | 18.25% |
Large-Cap Growth | 5.76% |
Mid-Cap Value | 25.22% |
Mid-Cap Blend | 0.00% |
Mid-Cap Growth | 12.63% |
Small-Cap Value | 16.08% |
Small-Cap Blend | 6.87% |
Small-Cap Growth | 15.18% |
as of 09/29/2023 Top Holdings | View All
Fund Holdings subject to change
Ticker | Company | % of Fund |
---|---|---|
III LN | 3i Group PLC | 5.13 |
PGHN SW | Partners Group Holding AG | 5.09 |
BX | Blackstone Inc | 4.98 |
EQT SS | EQT AB | 4.84 |
KKR | KKR & Co Inc | 4.81 |
RF FP | Eurazeo SE | 4.65 |
ONEX | Onex Corp | 4.31 |
CG | Carlyle Group Inc/The | 4.24 |
SOF | Sofina SA | 4.19 |
MRO LN | Melrose Industries PLC | 4.04 |
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 |
---|---|---|---|---|---|---|---|---|
09/18/2023 | 09/19/2023 | 09/22/2023 | 0.60032 | 0.60032 | - | - | - | - |
06/20/2023 | 06/21/2023 | 06/23/2023 | 0.22302 | 0.22302 | - | - | - | - |
09/19/2022 | 09/20/2022 | 09/23/2022 | 0.06749 | 0.06749 | - | - | - | - |
06/21/2022 | 06/22/2022 | 06/30/2022 | 0.10415 | 0.10415 | - | - | - | - |
03/21/2022 | 03/22/2022 | 03/31/2022 | 0.09980 | 0.09980 | - | - | - | - |
12/20/2021 | 12/21/2021 | 12/31/2021 | 0.53041 | 0.53041 | - | - | - | - |
09/20/2021 | 09/21/2021 | 09/30/2021 | 0.43865 | 0.43865 | - | - | - | - |
06/21/2021 | 06/22/2021 | 06/30/2021 | 0.54103 | 0.54103 | - | - | - | - |
03/22/2021 | 03/23/2021 | 03/31/2021 | 0.08839 | 0.08839 | - | - | - | - |
12/21/2020 | 12/22/2020 | 12/31/2020 | 0.18234 | 0.18234 | - | - | - | - |
09/21/2020 | 09/22/2020 | 09/30/2020 | 0.11663 | 0.11663 | - | - | - | - |
06/22/2020 | 06/23/2020 | 06/30/2020 | 0.12831 | 0.12831 | - | - | - | - |
03/23/2020 | 03/24/2020 | 03/31/2020 | 0.20122 | 0.20122 | - | - | - | - |
12/23/2019 | 12/24/2019 | 12/31/2019 | 0.36474 | 0.36474 | - | - | - | - |
09/23/2019 | 09/24/2019 | 09/30/2019 | 0.22040 | 0.22040 | - | - | - | - |
06/24/2019 | 06/25/2019 | 06/28/2019 | 0.16514 | 0.16514 | - | - | - | - |
09/24/2018 | 09/25/2018 | 09/28/2018 | 0.27428 | 0.27428 | - | - | - | - |
06/18/2018 | 06/19/2018 | 06/29/2018 | 0.10278 | 0.10278 | - | - | - | - |
03/19/2018 | 03/20/2018 | 03/29/2018 | 0.30437 | 0.30437 | - | - | - | - |
12/18/2017 | 12/19/2017 | 12/29/2017 | 0.36075 | 0.36075 | - | - | - | - |
09/18/2017 | 09/19/2017 | 09/29/2017 | 0.44086 | 0.44086 | - | - | - | - |
06/16/2017 | 06/20/2017 | 06/30/2017 | 0.34886 | 0.34886 | - | - | - | - |
03/17/2017 | 03/21/2017 | 03/31/2017 | 0.11681 | 0.11681 | - | - | - | - |
12/16/2016 | 12/20/2016 | 12/30/2016 | 0.10521 | 0.10521 | - | - | - | - |
09/16/2016 | 09/20/2016 | 09/30/2016 | 0.20411 | 0.20411 | - | - | - | - |
06/17/2016 | 06/21/2016 | 06/30/2016 | 0.03607 | 0.03607 | - | - | - | - |
03/18/2016 | 03/22/2016 | 03/31/2016 | 0.11197 | 0.11197 | - | - | - | - |
12/18/2015 | 12/22/2015 | 12/31/2015 | 0.04507 | 0.04507 | - | - | - | - |
09/18/2015 | 09/22/2015 | 09/30/2015 | - | - | - | - | - | - |
06/19/2015 | 06/23/2015 | 06/30/2015 | 0.41315 | 0.41315 | - | - | - | - |
03/20/2015 | 03/24/2015 | 03/31/2015 | 0.19715 | 0.19715 | - | - | - | - |
12/19/2014 | 12/23/2014 | 12/31/2014 | 0.25994 | 0.25994 | - | - | - | - |
09/19/2014 | 09/23/2014 | 09/30/2014 | 0.12079 | 0.12079 | - | - | - | - |
06/20/2014 | 06/24/2014 | 06/30/2014 | 0.01800 | 0.01800 | - | - | - | - |
03/21/2014 | 03/25/2014 | 03/31/2014 | 0.14347 | 0.14347 | - | - | - | - |
12/20/2013 | 12/24/2013 | 12/31/2013 | 0.62315 | 0.62315 | - | - | - | - |
09/20/2013 | 09/24/2013 | 09/30/2013 | 0.56828 | 0.56828 | - | - | - | - |
06/21/2013 | 06/25/2013 | 06/28/2013 | 0.33404 | 0.33404 | - | - | - | - |
03/15/2013 | 03/19/2013 | 03/28/2013 | 0.10566 | 0.10566 | - | - | - | - |
12/21/2012 | 12/26/2012 | 12/31/2012 | 0.19501 | 0.19501 | - | - | - | - |
09/21/2012 | 09/25/2012 | 09/28/2012 | 0.09640 | 0.09640 | - | - | - | - |
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 | - | - | - | - |
09/16/2011 | 09/20/2011 | 09/30/2011 | 0.05146 | 0.05146 | - | - | - | - |
06/17/2011 | 06/21/2011 | 06/30/2011 | 0.57752 | 0.57752 | - | - | - | - |
12/17/2010 | 12/21/2010 | 12/31/2010 | 0.38070 | 0.38070 | - | - | - | - |
09/17/2010 | 09/21/2010 | 09/30/2010 | 0.04618 | 0.04618 | - | - | - | - |
06/18/2010 | 06/22/2010 | 06/30/2010 | 0.11570 | 0.11570 | - | - | - | - |
12/18/2009 | 12/22/2009 | 12/31/2009 | 0.15513 | 0.15513 | - | - | - | - |
09/18/2009 | 09/22/2009 | 09/30/2009 | 0.09489 | 0.09489 | - | - | - | - |
06/19/2009 | 06/23/2009 | 06/30/2009 | 0.03040 | 0.03040 | - | - | - | - |
03/20/2009 | 03/24/2009 | 03/31/2009 | 0.02272 | 0.02272 | - | - | - | - |
12/19/2008 | 12/23/2008 | 12/31/2008 | 0.28932 | 0.28932 | - | - | - | - |
09/19/2008 | 09/23/2008 | 09/30/2008 | 0.37277 | 0.37277 | - | - | - | - |
06/20/2008 | 06/24/2008 | 06/30/2008 | 0.18833 | 0.18833 | - | - | - | - |
03/20/2008 | 03/25/2008 | 03/31/2008 | 0.23844 | 0.23844 | - | - | - | - |
12/21/2007 | 12/26/2007 | 12/31/2007 | 0.54101 | 0.54101 | - | - | - | - |
09/21/2007 | 09/25/2007 | 09/28/2007 | 0.11266 | 0.11266 | - | - | - | - |
06/15/2007 | 06/19/2007 | 06/29/2007 | 0.21792 | 0.21792 | - | - | - | - |
03/16/2007 | 03/20/2007 | 03/30/2007 | 0.07235 | 0.07235 | - | - | - | - |
12/15/2006 | 12/19/2006 | 12/29/2006 | 0.26528 | 0.26528 | - | - | - | - |
Distribution Information
Fund distributions
Dividends from net investment income, if any, are declared and paid quarterly. For Funds on a quarterly dividend payment cycle, the dividend ex-date is the next business day following the third Friday of each March, June, September and December, payable the last business day of April, July, October and December respectively.
The fund distributes its net realized capital gains, if any, to shareholders annually.
Distributions in cash may be reinvested automatically in additional whole shares of the fund only if the broker through whom you purchased shares makes such option available. Shareholders of the fund may contact their broker to determine the availability and costs of the service and the details of participation. Brokers may require shareholders to adhere to specific procedures and timetables. If this service is available and used, dividend distributions of both income and realized gains will be automatically reinvested in additional whole shares of the fund purchased in the secondary market.
Taxes on distributions
In general, your distributions are subject to federal income tax when they are paid, whether you take them in cash or reinvest them in the Fund. Dividends paid out of the Fund's income and net short-term gains, if any, are taxable as ordinary income. Distributions of net long-term capital gains, if any, in excess of net short-term capital losses are taxable as long-term capital gains, regardless of how long you have held the Shares. Dividends from net investment income, if any, are declared and paid quarterly. The Fund may also pay a special distribution at the end of the calendar year to comply with federal tax requirements.
Under the provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003 (the "2003 Tax Act"), long-term capital gains tax rates have generally been reduced for individuals to a maximum of 15% for taxable years beginning before January 1, 2009. In addition, some ordinary dividends declared and paid by the Fund to individual shareholders may qualify for taxation at the lower reduced tax rates applicable to long-term capital gains, provided that holding period and other requirements are met by the Fund and the shareholder.
Distributions in excess of the Fund's current and accumulated earnings and profits are treated as a tax-free return of capital to the extent of your basis in the Shares, and as capital gain thereafter. A distribution will reduce the Fund's net asset value per Share and may be taxable to you as ordinary income or capital gain even though, from an investment standpoint, the distribution may constitute a return of capital.
By law, the Fund must withhold a percentage of your distributions and proceeds if you have not provided a taxpayer identification number or social security number. The backup withholding rate is currently 28%.
Fund distributions
Dividends from net investment income, if any, are declared and paid either annually, quarterly or monthly, depending on the Fund. For funds on an annual dividend payment cycle, the dividend ex-date is the next business day following the third Friday of December, payable the last business day of the year. For funds on a quarterly dividend payment cycle, the dividend ex-date is the next business day following the third Friday of each March, June, September and December, payable the last business day of the month. For funds on a monthly dividend payment cycle, the dividend ex-date is the next business day following the third Friday of each month, payable the last business day of the month.
The fund distributes its net realized capital gains, if any, to shareholders annually.
Distributions in cash may be reinvested automatically in additional whole shares of the fund only if the broker through whom you purchased shares makes such option available. Shareholders of the fund may contact their broker to determine the availability and costs of the service and the details of participation. Brokers may require shareholders to adhere to specific procedures and timetables. If this service is available and used, dividend distributions of both income and realized gains will be automatically reinvested in additional whole shares of the fund purchased in the secondary market.
Taxes on distributions
In general, your distributions are subject to federal income tax when they are paid, whether you take them in cash or reinvest them in the Fund. Dividends paid out of the Fund's income and net short-term gains, if any, are taxable as ordinary income. Distributions of net long-term capital gains, if any, in excess of net short-term capital losses are taxable as long-term capital gains, regardless of how long you have held the Shares. Dividends from net investment income, if any, are declared and paid quarterly. The Fund may also pay a special distribution at the end of the calendar year to comply with federal tax requirements.
Under the provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003 (the "2003 Tax Act"), long-term capital gains tax rates have generally been reduced for individuals to a maximum of 15% for taxable years beginning before January 1, 2009. In addition, some ordinary dividends declared and paid by the Fund to individual shareholders may qualify for taxation at the lower reduced tax rates applicable to long-term capital gains, provided that holding period and other requirements are met by the Fund and the shareholder.
Distributions in excess of the Fund's current and accumulated earnings and profits are treated as a tax-free return of capital to the extent of your basis in the Shares, and as capital gain thereafter. A distribution will reduce the Fund's net asset value per Share and may be taxable to you as ordinary income or capital gain even though, from an investment standpoint, the distribution may constitute a return of capital.
By law, the Fund must withhold a percentage of your distributions and proceeds if you have not provided a taxpayer identification number or social security number. The backup withholding rate is currently 28%.
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% |
06/30/2023 | 62 | 24 | 7 | 5 | 0 | 0 | 0 |
03/31/2023 | 62 | 21 | 9 | 2 | 0 | 0 | 0 |
12/31/2022 | 63 | 16 | 9 | 14 | 0 | 0 | 0 |
09/30/2022 | 64 | 22 | 10 | 5 | 0 | 1 | 0 |
Year Ended 2022 | 251 | 66 | 44 | 32 | 1 | 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% |
06/30/2023 | 62 | 16 | 7 | 3 | 0 | 0 | 0 |
03/31/2023 | 62 | 12 | 10 | 8 | 0 | 0 | 0 |
12/31/2022 | 63 | 12 | 9 | 3 | 0 | 0 | 0 |
09/30/2022 | 64 | 5 | 16 | 5 | 0 | 0 | 0 |
Year Ended 2022 | 251 | 47 | 46 | 14 | 0 | 0 | 0 |
Fund Inception : 10/24/2006
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.
Certain risks are inherent when investing in listed private equity companies, such as BDCs, other financial institutions or vehicles whose principal business is to invest in and lend capital to, or provide services to privately held companies. Little public information exists for private and thinly traded companies, and there risk that investors may not be able to make a fully informed investment decisions or that the issuer may default on its payments or declare bankruptcy. BDCs tend to invest in less mature private companies, which involve greater risk than well-established, publicly-traded companies.
A significant portion of the Underlying Index is composed of BDCs or other investment companies. The Fund may not acquire greater than 3% of the total outstanding shares of such companies. As a result, the Fund would be required to use sampling techniques, which could increase the risk of tracking error.
An MLP is an entity classified as a partnership under the Internal Revenue Code, and whose partnership interests or “units” are traded on exchanges like common stock. Investments in MLPs units are subject to risks inherent in the MLP's structure, including tax and management risks.
The risks of investing in securities of foreign issuers can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues.
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.
Investments focused in a particular sector, such as financials, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.
Swaps involve greater risks than direct investments. Swaps are subject to leveraging, liquidity and counterparty risks, and therefore may be difficult to value. Adverse changes in the value or level of the swap can result in gains or losses that are substantially greater than invested, with the potential for unlimited loss.
The Global Listed Private EquitySM Index includes between 40 and 60 publicly listed private equity companies, including business development companies and other financial institutions or vehicles whose principal business is to invest in and lend capital to privately held companies.
The Red Rocks Capital Listed Private Equity Index is comprised of 25 to 40 public companies which invest in, lend capital to, or provide services to privately held businesses. The Index represents a means of diversified exposure to private equity firms, as well as the consolidated exposure of the underlying portfolio investments.
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 product is not sponsored, endorsed, sold or promoted by Red Rocks Capital LLC, and Red Rocks makes no representation regarding the advisability of investing in this fund.