Product Details
The Invesco Raymond James SB-1 Equity ETF (Fund) is based on the Raymond James SB-1 Equity Index (Index). The Fund will invest at least 90% of its total assets in securities and depositary receipts that comprise the Index. The Index is comprised of US-listed equity securities rated Strong Buy 1 by Raymond James & Associates, Inc. The Fund and the Index are rebalanced semi-monthly.
Performance
| Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
|---|---|---|---|---|---|---|
| Raymond James SB-1 Equity Index | 8.48 | 5.10 | 13.48 | 5.01 | 8.71 | N/A |
| S&P MidCap 400 Index | 10.06 | 10.71 | 12.83 | 6.97 | 10.09 | 9.11 |
| Fund History (%) | ||||||
| Fund NAV | 8.15 | 4.51 | 12.68 | 4.24 | 7.96 | 7.74 |
| After Tax Held | 8.15 | 4.33 | 12.54 | 4.08 | 7.73 | 7.41 |
| After Tax Sold | 4.83 | 2.78 | 9.91 | 3.26 | 6.38 | 6.36 |
| Fund Market Price | 8.16 | 4.38 | 12.61 | 4.25 | 7.94 | 7.52 |
| Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
|---|---|---|---|---|---|---|
| Raymond James SB-1 Equity Index | 7.59 | 15.40 | 15.70 | 5.94 | 8.99 | N/A |
| S&P MidCap 400 Index | 8.84 | 17.61 | 15.44 | 7.79 | 10.21 | 9.14 |
| Fund History (%) | ||||||
| Fund NAV | 7.32 | 14.67 | 14.86 | 5.16 | 8.23 | 7.77 |
| After Tax Held | 7.32 | 14.47 | 14.72 | 4.99 | 8.01 | 7.44 |
| After Tax Sold | 4.33 | 8.80 | 11.67 | 3.99 | 6.62 | 6.38 |
| Fund Market Price | 7.29 | 14.68 | 14.89 | 5.07 | 8.16 | 7.55 |
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.
As the result of a reorganization on May 18, 2018, the returns presented reflect performance of the Guggenheim predecessor fund. On Sept. 3, 2008, the Guggenheim predecessor fund acquired the Claymore/Raymond James SB-1 Equity Fund. Therefore, the returns also include those of the Claymore/Raymond James SB-1 Equity Fund. Invesco is not affiliated with Guggenheim.
Growth of $10,000
Data beginning 10 years prior to the ending date of 06/30/2023. 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.
Sector Allocation
| Sector | Percent of Fund |
|---|---|
| Financials | 21.13% |
| Energy | 16.03% |
| Health Care | 14.45% |
| Information Technology | 13.18% |
| Industrials | 11.79% |
| Real Estate | 8.03% |
| Consumer Discretionary | 7.42% |
| Communication Services | 4.23% |
| Consumer Staples | 1.80% |
| Materials | 1.23% |
| Utilities | 0.60% |
| Investment Companies | 0.11% |
Market Cap & Style Allocations
| Large-Cap Value | 5.10% |
| Large-Cap Blend | 7.64% |
| Large-Cap Growth | 6.17% |
| Mid-Cap Value | 11.34% |
| Mid-Cap Blend | 9.77% |
| Mid-Cap Growth | 4.83% |
| Small-Cap Value | 19.55% |
| Small-Cap Blend | 21.42% |
| Small-Cap Growth | 14.17% |
as of 09/29/2023 Top Holdings | View All
Fund Holdings subject to change
| Ticker | Company | % of Fund |
|---|---|---|
| JBL | Jabil Inc | 0.75 |
| EVA | Enviva Inc | 0.73 |
| TDW | Tidewater Inc | 0.68 |
| PLNT | Planet Fitness Inc | 0.67 |
| ZURA | Zura Bio Ltd | 0.67 |
| DBRG | DigitalBridge Group Inc | 0.67 |
| AMD | Advanced Micro Devices Inc | 0.67 |
| NVDA | NVIDIA Corp | 0.66 |
| S | SentinelOne Inc | 0.66 |
| FSLY | Fastly Inc | 0.66 |
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 | 0.39074 | 0.39074 | - | - | - | - |
| 12/20/2021 | 12/21/2021 | 12/31/2021 | 0.32841 | 0.32841 | - | - | - | - |
| 12/21/2020 | 12/22/2020 | 12/31/2020 | 0.14269 | 0.14269 | - | - | - | - |
| 12/23/2019 | 12/24/2019 | 12/31/2019 | 0.09577 | 0.09577 | - | - | - | - |
| 12/24/2018 | 12/26/2018 | 12/31/2018 | 0.52191 | 0.52191 | - | - | - | - |
| 12/23/2016 | 12/28/2016 | 12/30/2016 | 0.59470 | 0.59470 | - | - | - | - |
| 12/24/2015 | 12/29/2015 | 12/31/2015 | 0.30140 | 0.30140 | - | - | - | - |
| 12/24/2014 | 12/29/2014 | 12/31/2014 | 0.09100 | 0.09100 | - | - | - | - |
| 12/24/2013 | 12/27/2013 | 12/31/2013 | 0.11300 | 0.11300 | - | - | - | - |
| 12/24/2012 | 12/27/2012 | 12/31/2012 | 0.08100 | 0.08100 | - | - | - | - |
| 12/23/2011 | 12/28/2011 | 12/30/2011 | 0.02900 | 0.02900 | - | - | - | - |
| 12/24/2008 | 12/29/2008 | 12/31/2008 | 0.03300 | 0.03300 | - | - | - | - |
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 | 5 | 0 | 0 | 0 | 0 | 0 |
| 03/31/2023 | 62 | 8 | 0 | 0 | 0 | 0 | 0 |
| 12/31/2022 | 63 | 15 | 0 | 0 | 0 | 0 | 0 |
| 09/30/2022 | 64 | 26 | 5 | 0 | 0 | 0 | 0 |
| Year Ended 2022 | 251 | 79 | 7 | 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% |
| 06/30/2023 | 62 | 57 | 0 | 0 | 0 | 0 | 0 |
| 03/31/2023 | 62 | 54 | 0 | 0 | 0 | 0 | 0 |
| 12/31/2022 | 63 | 45 | 3 | 0 | 0 | 0 | 0 |
| 09/30/2022 | 64 | 31 | 2 | 0 | 0 | 0 | 0 |
| Year Ended 2022 | 251 | 145 | 19 | 1 | 0 | 0 | 0 |
Fund Inception : 05/19/2006
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.
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.
Most MLPs operate in the energy sector and are subject to the risks generally applicable to companies in that sector, including commodity pricing risk, supply and demand risk, depletion risk and exploration risk. MLPs are also subject the risk that regulatory or legislative changes could eliminate the tax benefits enjoyed by MLPs which could have a negative impact on the after-tax income available for distribution by the MLPs and/or the value of the portfolio's 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.
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.
Investments in business development companies (“BDCs”) may be subject to certain inherent risks. BDCs, generally invest in less mature private companies, which involve greater risk than well-established, publicly traded companies. The Investment Company Act of 1940 imposes certain restraints upon the operations of a BDC and these limitations may prohibit the way that the BDC raises capital.
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 S&P MidCap 400® Index is an unmanaged index considered representative of mid-sized US companies.
The product is not sponsored, endorsed, sold or promoted by Raymond James Research Services, LLC ("licensor"). Licensor makes no representation or warranty, express or implied, regarding the advisability of investing in securities generally or in the Product particularly or the ability of the Raymond James SB-1 Equity Index ("Index") to track general market performance. Licensor's only relationship to Invesco Capital Management LLC ("licensee") is the licensing of the Index which is determined, composed and calculated by licensor without regard to the licensee or the product. Licensor has no obligation to take the needs of the licensee or the owners of the product into consideration in determining, composing or calculating the index. Licensor shall not be liable to any person for any error in the Index nor shall it be under any obligation to advise any person of any error therein.
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