Equity | International and Global Equity

Invesco India ETF

Ticker: PIN

Product Details

The Invesco India ETF (Fund) is based on the FTSE India Quality And Yield Select Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index as well as American depositary receipts and global depositary receipts based on the securities in the Index. The Index is constructed by evaluating all securities in the FTSE India Index and first excluding securities in the bottom 10% based on their 12-month trailing dividend yield. Of the remaining securities, those ranked in the bottom 10% by their quality scores are also then excluded. The Fund and the Index are rebalanced and reconstituted semi-annually.

as of 05/31/2024 03/31/2024

Performance

Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
FTSE India Quality and Yield Select Index 9.20 35.20 12.87 14.94 N/A N/A
MSCI India Index 9.30 31.52 10.68 12.05 9.14 5.51
Fund History (%)
Fund NAV 7.64 28.77 9.99 11.71 8.40 4.17
After Tax Held 7.64 28.13 8.08 9.41 7.16 3.39
After Tax Sold 4.52 17.41 7.41 8.75 6.52 3.17
Fund Market Price 7.76 29.57 10.21 11.65 8.53 4.05
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
FTSE India Quality and Yield Select Index 5.28 39.26 14.30 14.13 N/A N/A
MSCI India Index 6.07 36.83 12.31 11.55 9.69 5.38
Fund History (%)
Fund NAV 4.43 31.38 11.02 11.08 9.22 4.02
After Tax Held 4.43 30.72 9.09 8.80 7.97 3.23
After Tax Sold 2.62 18.99 8.26 8.28 7.25 3.05
Fund Market Price 4.17 31.98 10.62 11.18 9.20 3.88

as of 03/31/2024

Growth of $10,000

FTSE India Quality and Yield Select Index* performance prior to 6/21/2019 reflects that of the original Underlying Index, Indus India Index. From 6/21/2019 forward, performance reflects that of the Underlying Index, FTSE India Quality and Yield Select Index AND IS NOT INTENDED FOR ANY THIRD PARTY USE.

as of 06/21/2024

Sector Allocation

Sector Percent of Fund
Financials 18.22%
Consumer Discretionary 12.96%
Information Technology 11.75%
Energy 11.15%
Materials 10.77%
Industrials 9.75%
Consumer Staples 6.72%
Health Care 5.82%
Utilities 4.76%
Communication Services 3.76%
Investment Companies 1.82%
Real Estate 1.65%
Cash 0.87%
as of 06/21/2024

Top Country Allocation

Country Percentage
India 98.18%
United States 1.82%
as of 06/18/2024

Market Cap & Style Allocations

Large-Cap Value 4.61%
Large-Cap Blend 42.76%
Large-Cap Growth 50.73%
Mid-Cap Value 0.27%
Mid-Cap Blend 1.00%
Mid-Cap Growth 0.63%
Small-Cap Value -
Small-Cap Blend -
Small-Cap Growth -

as of 06/21/2024 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
RELIANCE I Reliance Industries Ltd 7.71
HDFCB HDFC Bank Ltd 7.49
INFO Infosys Ltd 4.29
TCS Tata Consultancy Services Ltd 3.14
BHARTI Bharti Airtel Ltd 3.01
ICICIBC ICICI Bank Ltd 2.93
MM Mahindra & Mahindra Ltd 2.20
LT Larsen & Toubro Ltd 1.90
AGPXX Invesco Government & Agency Portfolio 1.82
HUVR Hindustan Unilever Ltd 1.73
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 0.42727 0.42727 - 0.42727 - -
09/18/2023 09/19/2023 09/22/2023 0.10493 0.10493 - - - -
12/19/2022 12/20/2022 12/23/2022 2.99469 0.00000 - 2.99469 - -
12/20/2021 12/21/2021 12/31/2021 1.59859 0.11159 0.16937 1.31763 - -
09/20/2021 09/21/2021 09/30/2021 0.14630 0.14630 - - - -
06/21/2021 06/22/2021 06/30/2021 0.11459 0.11459 - - - -
03/23/2020 03/24/2020 03/31/2020 0.16669 0.16669 - - - -
12/23/2019 12/24/2019 12/31/2019 5.48286 0.00000 - 5.48286 - -
03/18/2019 03/19/2019 03/29/2019 0.04477 0.04477 - - - -
12/24/2018 12/26/2018 12/31/2018 0.23061 0.23061 - - - -
09/18/2017 09/19/2017 09/29/2017 0.03566 0.03566 - - - -
06/16/2017 06/20/2017 06/30/2017 0.14203 0.14203 - - - -
03/17/2017 03/21/2017 03/31/2017 0.08825 0.08825 - - - -
12/16/2016 12/20/2016 12/30/2016 0.00922 0.00922 - - - -
09/16/2016 09/20/2016 09/30/2016 0.03976 0.03976 - - - -
06/17/2016 06/21/2016 06/30/2016 0.07362 0.07362 - - - -
03/18/2016 03/22/2016 03/31/2016 0.10493 0.10493 - - - -
12/18/2015 12/22/2015 12/31/2015 0.00185 0.00185 - - - -
09/18/2015 09/22/2015 09/30/2015 0.04835 0.04835 - - - -
06/19/2015 06/23/2015 06/30/2015 0.06817 0.06817 - - - -
03/20/2015 03/24/2015 03/31/2015 - - - - - -
12/19/2014 12/23/2014 12/31/2014 0.02849 0.02849 - - - -
09/19/2014 09/23/2014 09/30/2014 0.07563 0.07563 - - - -
06/20/2014 06/24/2014 06/30/2014 0.04246 0.04246 - - - -
03/21/2014 03/25/2014 03/31/2014 0.06132 0.06132 - - - -
12/20/2013 12/24/2013 12/31/2013 0.00653 0.00653 - - - -
09/20/2013 09/24/2013 09/30/2013 0.02609 0.02609 - - - -
06/21/2013 06/25/2013 06/28/2013 0.05190 0.05190 - - - -
03/15/2013 03/19/2013 03/28/2013 0.00000 0.00000 - - - -
12/21/2012 12/26/2012 12/31/2012 0.08648 0.08648 - - - -
09/21/2012 09/25/2012 09/28/2012 0.07705 0.07705 - - - -
06/15/2012 06/19/2012 06/29/2012 0.03378 0.03378 - - - -
03/16/2012 03/20/2012 03/30/2012 0.01758 0.01758 - - - -
12/17/2010 12/21/2010 12/31/2010 0.18926 0.18926 - - - -
09/17/2010 09/21/2010 09/30/2010 0.04563 0.04563 - - - -
12/18/2009 12/22/2009 12/31/2009 0.07495 0.07495 - - - -
09/18/2009 09/22/2009 09/30/2009 0.03807 0.03807 - - - -
06/19/2009 06/23/2009 06/30/2009 0.01848 0.01848 - - - -
12/19/2008 12/23/2008 12/31/2008 0.01535 0.01535 - - - -
09/19/2008 09/23/2008 09/30/2008 0.06086 0.06086 - - - -
06/20/2008 06/24/2008 06/30/2008 0.03322 0.03322 - - - -

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%
03/31/2024 61 9 16 25 2 1 0
12/31/2023 63 17 12 27 3 0 0
09/30/2023 63 7 11 29 5 1 0
06/30/2023 62 13 13 16 3 0 0
Year Ended 2023 250 52 46 80 13 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%
03/31/2024 61 2 3 3 0 0 0
12/31/2023 63 3 0 1 0 0 0
09/30/2023 63 6 3 1 0 0 0
06/30/2023 62 15 2 0 0 0 0
Year Ended 2023 250 41 9 7 1 0 0

Fund Inception : 03/05/2008

Premiums/Discounts

 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.

Indian securities have additional risks, including exchange-rate changes, decreased market liquidity, political instability and taxation by foreign governments. There may be instances where the Underlying Index must liquidate a security because the security has exceeded the limitation of foreign ownership set by the Index's methodology. This liquidation in the index may occur at an inopportune time, resulting in a significant variation between the Index's return and that of 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.

The Fund currently intends to effect creations and redemptions principally for cash, rather than principally in-kind because of the nature of the Fund's investments. As such, investments in the Fund may be less tax efficient than investments in ETFs that create and redeem in-kind.

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

The Fund intends to elect to “pass-through” foreign taxes to its shareholders—as a deduction or credit. Taxes passed-through are included in each shareholder’s income. Certain shareholders are not entitled to the benefit of a deduction or credit with respect to foreign taxes paid by the Fund. Other foreign taxes, such as transfer taxes, may be imposed on the Fund, but would not give rise to a credit or be eligible to be passed through to shareholders. Indian tax law provides for certain provisions for the levy of capital gains tax on income arising through the transfer of shares in a company outside of India that derives, directly or indirectly, its value substantially from assets located in India. As such, dividends declared and paid in respect of shares which derive their value substantially from assets situated in India would not be taxable in India by virtue of the Indirect Transfer Provisions. Shares could be taxable in India if Shares derive their value, directly or indirectly, substantially from assets located in India. In a case where all the assets owned by the Fund are not located in India, the taxation of gains will be on proportional basis to be determined as per prescribed rules.

A natural disaster could occur in India that could affect the Indian economy, causing an adverse impact on the Fund.

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.

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 Adviser is registered as a foreign institutional investor (FII) with the Securities and Exchange Board of India (SEBI), and the Subsidiary is registered as a sub account with the SEBI to obtain certain benefits relating to the Subsidiary’s ability to make and dispose of investments. There can be no assurances that the Indian regulatory authorities will continue to grant such qualifications, and the loss of such qualifications could adversely impact the ability of the Subsidiary to make and dispose of investments in India.

The MSCI India Index is an unmanaged index considered representative of Indian stocks. 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.

The FTSE India Index is a market-capitalization weighted index representing the performance of Indian large and mid capitalization stocks.

The Indus India Index is designed to replicate the Indian equity markets as a whole, through a group of 50 Indian stocks selected from a universe of the largest companies listed on two major Indian exchanges.

The Invesco India ETF has been developed solely by Invesco Capital Management LLC, and is not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings (collectively, the "LSE Group"). FTSE Russell is a trading name of certain of the LSE Group companies. All rights in the FTSE Custom Emerging Ultra Dividend Revenue Index (the "Index") vest in the relevant LSE Group company which owns the Index. FTSE® is a trade mark(s) of the relevant LSE Group company and is/are used by any other LSE Group company under license. The Index is calculated by or on behalf of FTSE International Limited or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the Invesco India ETF. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from the Invesco India ETF or the suitability of the Index for the purpose to which it is being put by Invesco Funds.