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Invesco Bloomberg Analyst Rating Improvers ETF

Ticker: UPGD

Product Details

The Invesco Bloomberg Analyst Rating Improvers ETF (Fund) is based on the Bloomberg ANR Improvers Index (Index). The Fund generally will invest at least 90% of its total assets in securities that comprise the Index. The Index aims to select the 50 companies with the highest analyst recommendation improvers score from the Bloomberg US Large Mid Universe over the prior 6- and 12- month periods based on Bloomberg Analyst Recommendations. The Index and Fund are rebalanced quarterly in March, June, September, and December.

Effective March 25, 2024, the Fund's name, ticker symbol, underlying index, index provider, investment objective, principal investment strategy, non-fundamental investment policy and unitary management fee have changed. The Fund's name and ticker will change from Invesco Raymond James SB-1 Equity ETF (ticker: RYJ) to Invesco Bloomberg Analyst Rating Improvers ETF (ticker: UPGD). The Fund's Index Provider will change from Raymond James Research Services, LLC to Bloomberg Index Services Limited and its Underlying Index will change from the Raymond James SB-1 Equity Index to the Bloomberg ANR Improvers Index.  As a result, the Fund's objective and strategy will change to seek to track the investment results of the new Underlying index by investing at least 90% of its total assets in securities that comprise the new Underlying Index, and the non-fundamental policy of investing at least 80% of its total assets in the types of securities suggested by its name will be deleted. The Fund's management fee also will be reduced from 0.75% to 0.40%. See the prospectus for more information.

as of 09/30/2024 09/30/2024

Performance

Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Bloomberg ANR Improvers Total Return Index (USD) 13.90 N/A N/A N/A N/A N/A
S&P MidCap 400 Index 13.54 26.79 7.47 11.78 10.32 9.64
Fund History (%)
Fund NAV 16.34 30.84 7.16 11.79 8.67 8.55
After Tax Held 16.34 30.37 6.92 11.61 8.42 8.22
After Tax Sold 9.67 18.44 5.49 9.37 6.99 7.12
Fund Market Price 16.29 30.75 7.11 11.76 8.65 8.34
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Bloomberg ANR Improvers Total Return Index (USD) 13.90 N/A N/A N/A N/A N/A
S&P MidCap 400 Index 13.54 26.79 7.47 11.78 10.32 9.64
Fund History (%)
Fund NAV 16.34 30.84 7.16 11.79 8.67 8.55
After Tax Held 16.34 30.37 6.92 11.61 8.42 8.22
After Tax Sold 9.67 18.44 5.49 9.37 6.99 7.12
Fund Market Price 16.29 30.75 7.11 11.76 8.65 8.34

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.

as of 09/30/2024

Growth of $10,000

Data beginning 10 years prior to the ending date of 09/30/2024. 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 10/11/2024

Sector Allocation

Sector Percent of Fund
Consumer Staples 18.54%
Industrials 16.47%
Information Technology 14.47%
Materials 13.63%
Consumer Discretionary 10.73%
Communication Services 7.91%
Health Care 7.75%
Utilities 5.91%
Energy 2.28%
Financials 2.27%
Investment Companies 0.14%
as of 10/10/2024

Market Cap & Style Allocations

Large-Cap Value 14.67%
Large-Cap Blend 10.61%
Large-Cap Growth 2.67%
Mid-Cap Value 32.10%
Mid-Cap Blend 28.10%
Mid-Cap Growth 4.62%
Small-Cap Value 3.37%
Small-Cap Blend 3.86%
Small-Cap Growth -

as of 10/11/2024 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
PLTR Palantir Technologies Inc 2.59
CVNA Carvana Co 2.38
RL Ralph Lauren Corp 2.30
KMI Kinder Morgan Inc 2.28
SNAP Snap Inc 2.28
CARR Carrier Global Corp 2.27
TOST Toast Inc 2.27
EBAY eBay Inc 2.19
BBY Best Buy Co Inc 2.17
PCAR PACCAR Inc 2.16
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 | 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
12/18/2023 12/19/2023 12/22/2023 0.85823 0.85823 - - - -
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 - - - -

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%
09/30/2024 64 0 0 0 0 0 0
06/30/2024 63 1 0 0 0 0 0
03/31/2024 61 3 0 0 0 0 0
12/31/2023 63 16 0 0 0 0 0
Year Ended 2023 250 37 0 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%
09/30/2024 64 64 0 0 0 0 0
06/30/2024 63 62 0 0 0 0 0
03/31/2024 61 58 0 0 0 0 0
12/31/2023 63 47 0 0 0 0 0
Year Ended 2023 250 213 0 0 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.

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

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 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 fund may engage in frequent trading of its portfolio securities in connection with the rebalancing or adjustment of the Underlying Index.

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 Bloomberg ANR Improvers Index aims to select the top 50 companies from the Bloomberg US Large Mid Universe with the highest analyst recommendation improvement score based on data from Bloomberg Analyst Recommendations.

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.

“Bloomberg®” and the indices licensed herein (the “Indices”) are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited (“BISL”), the administrator of the Indices (collectively, “Bloomberg”) and have been licensed for use for certain purposes by Invesco Capital Management LLC (the “Licensee”). Bloomberg is not affiliated with the Licensee, and Bloomberg does not approve, endorse, review, or recommend the financial products referenced herein (the “Financial Products”). Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the Indices or the Financial Products.