Product Details
The Invesco FTSE RAFI Developed Markets ex-U.S. ETF (Fund) is based on the FTSE RAFI Developed ex U.S. 1000 Index (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 the largest developed market equities (excluding the US), selected based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends. The equities with the highest fundamental strength 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 Large Value CategoryAs of 08/31/2023 the Fund had an overall rating of 4 stars out of 340 funds and was rated 4 stars out of 340 funds, 3 stars out of 311 funds and 4 stars out of 202 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. ©2023 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.
Performance
Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
---|---|---|---|---|---|---|
�FTSE RAFI Developed Markets ex-U.S. 1000 Index | 11.04 | 18.87 | 10.73 | 4.65 | 5.19 | 2.73 |
MSCI EAFE Index | 10.87 | 17.92 | 6.05 | 4.14 | 4.93 | 2.39 |
Fund History (%) | ||||||
Fund NAV | 11.01 | 18.70 | 10.50 | 4.51 | 5.01 | 2.37 |
After Tax Held | 9.99 | 17.30 | 9.49 | 3.68 | 4.27 | 1.85 |
After Tax Sold | 6.50 | 11.26 | 8.02 | 3.41 | 3.93 | 1.89 |
Fund Market Price | 10.84 | 19.42 | 10.65 | 4.53 | 4.99 | 2.36 |
Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
---|---|---|---|---|---|---|
�FTSE RAFI Developed Markets ex-U.S. 1000 Index | 10.39 | 17.42 | 13.19 | 4.52 | 5.66 | 2.72 |
MSCI EAFE Index | 11.67 | 18.77 | 8.93 | 4.39 | 5.41 | 2.46 |
Fund History (%) | ||||||
Fund NAV | 10.42 | 17.23 | 12.95 | 4.38 | 5.47 | 2.36 |
After Tax Held | 9.40 | 15.85 | 11.92 | 3.55 | 4.72 | 1.84 |
After Tax Sold | 6.15 | 10.39 | 9.97 | 3.31 | 4.32 | 1.88 |
Fund Market Price | 10.57 | 16.82 | 12.96 | 4.43 | 5.45 | 2.37 |
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.
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 | 25.74% |
Industrials | 13.62% |
Consumer Discretionary | 10.62% |
Materials | 9.34% |
Energy | 9.23% |
Consumer Staples | 7.51% |
Health Care | 6.66% |
Information Technology | 5.78% |
Communication Services | 4.74% |
Utilities | 4.66% |
Real Estate | 2.35% |
Top Country Allocation
Country | Percentage |
---|---|
Japan | 22.04% |
United Kingdom | 11.08% |
Germany | 9.28% |
France | 8.82% |
Canada | 8.78% |
Australia | 5.76% |
Netherlands | 4.77% |
Switzerland | 4.72% |
South Korea | 4.65% |
United States | 3.51% |
Market Cap & Style Allocations
Large-Cap Value | 43.75% |
Large-Cap Blend | 29.71% |
Large-Cap Growth | 10.94% |
Mid-Cap Value | 7.83% |
Mid-Cap Blend | 6.14% |
Mid-Cap Growth | 1.21% |
Small-Cap Value | 0.26% |
Small-Cap Blend | 0.14% |
Small-Cap Growth | 0.02% |
as of 09/22/2023 Top Holdings | View All
Fund Holdings subject to change
Ticker | Company | % of Fund |
---|---|---|
SHEL LN | Shell PLC | 2.48 |
TTE FP | TotalEnergies SE | 1.43 |
005930 KS | Samsung Electronics Co Ltd | 1.38 |
BP/ LN | BP PLC | 1.26 |
HSBA LN | HSBC Holdings PLC | 1.14 |
NESN SW | Nestle SA | 1.06 |
7203 JP | Toyota Motor Corp | 1.00 |
8306 JP | Mitsubishi UFJ Financial Group Inc | 0.94 |
ALV | Allianz SE | 0.90 |
NOVN SW | Novartis AG | 0.84 |
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 | 0.33008 | 0.33008 | - | - | - | - |
06/20/2023 | 06/21/2023 | 06/23/2023 | 0.64828 | 0.64828 | - | - | - | - |
03/20/2023 | 03/21/2023 | 03/24/2023 | 0.35457 | 0.35457 | - | - | - | - |
12/19/2022 | 12/20/2022 | 12/23/2022 | 0.15508 | 0.15508 | - | - | - | - |
09/19/2022 | 09/20/2022 | 09/23/2022 | 0.32391 | 0.32391 | - | - | - | - |
06/21/2022 | 06/22/2022 | 06/30/2022 | 0.64621 | 0.64621 | - | - | - | - |
03/21/2022 | 03/22/2022 | 03/31/2022 | 0.36352 | 0.36352 | - | - | - | - |
12/20/2021 | 12/21/2021 | 12/31/2021 | 0.81743 | 0.81743 | - | - | - | - |
09/20/2021 | 09/21/2021 | 09/30/2021 | 0.36437 | 0.36437 | - | - | - | - |
06/21/2021 | 06/22/2021 | 06/30/2021 | 0.29116 | 0.29116 | - | - | - | - |
03/22/2021 | 03/23/2021 | 03/31/2021 | 0.29672 | 0.29672 | - | - | - | - |
12/21/2020 | 12/22/2020 | 12/31/2020 | 0.16243 | 0.16243 | - | - | - | - |
09/21/2020 | 09/22/2020 | 09/30/2020 | 0.20004 | 0.20004 | - | - | - | - |
06/22/2020 | 06/23/2020 | 06/30/2020 | 0.24469 | 0.24469 | - | - | - | - |
03/23/2020 | 03/24/2020 | 03/31/2020 | 0.29009 | 0.29009 | - | - | - | - |
12/23/2019 | 12/24/2019 | 12/31/2019 | 0.18924 | 0.18924 | - | - | - | - |
09/23/2019 | 09/24/2019 | 09/30/2019 | 0.47189 | 0.47189 | - | - | - | - |
06/24/2019 | 06/25/2019 | 06/28/2019 | 0.65525 | 0.65525 | - | - | - | - |
03/18/2019 | 03/19/2019 | 03/29/2019 | 0.17098 | 0.17098 | - | - | - | - |
12/24/2018 | 12/26/2018 | 12/31/2018 | 0.30566 | 0.30566 | - | - | - | - |
09/24/2018 | 09/25/2018 | 09/28/2018 | 0.17236 | 0.17236 | - | - | - | - |
06/18/2018 | 06/19/2018 | 06/29/2018 | 0.67191 | 0.67191 | - | - | - | - |
03/19/2018 | 03/20/2018 | 03/29/2018 | 0.11836 | 0.11836 | - | - | - | - |
12/18/2017 | 12/19/2017 | 12/29/2017 | 0.43648 | 0.43648 | - | - | - | - |
09/18/2017 | 09/19/2017 | 09/29/2017 | 0.18332 | 0.18332 | - | - | - | - |
06/16/2017 | 06/20/2017 | 06/30/2017 | 0.60423 | 0.60423 | - | - | - | - |
03/17/2017 | 03/21/2017 | 03/31/2017 | 0.04022 | 0.04022 | - | - | - | - |
12/16/2016 | 12/20/2016 | 12/30/2016 | 0.42754 | 0.42754 | - | - | - | - |
09/16/2016 | 09/20/2016 | 09/30/2016 | 0.14307 | 0.14307 | - | - | - | - |
06/17/2016 | 06/21/2016 | 06/30/2016 | 0.53293 | 0.53293 | - | - | - | - |
03/18/2016 | 03/22/2016 | 03/31/2016 | 0.10341 | 0.10341 | - | - | - | - |
12/18/2015 | 12/22/2015 | 12/31/2015 | 0.34758 | 0.34758 | - | - | - | - |
09/18/2015 | 09/22/2015 | 09/30/2015 | 0.10021 | 0.10021 | - | - | - | - |
06/19/2015 | 06/23/2015 | 06/30/2015 | 0.59259 | 0.59259 | - | - | - | - |
03/20/2015 | 03/24/2015 | 03/31/2015 | 0.08084 | 0.08084 | - | - | - | - |
12/19/2014 | 12/23/2014 | 12/31/2014 | 0.33915 | 0.33915 | - | - | - | - |
09/19/2014 | 09/23/2014 | 09/30/2014 | 0.16784 | 0.16784 | - | - | - | - |
06/20/2014 | 06/24/2014 | 06/30/2014 | 0.62475 | 0.62475 | - | - | - | - |
03/21/2014 | 03/25/2014 | 03/31/2014 | 0.44953 | 0.44953 | - | - | - | - |
12/20/2013 | 12/24/2013 | 12/31/2013 | 0.30866 | 0.30866 | - | - | - | - |
09/20/2013 | 09/24/2013 | 09/30/2013 | 0.35052 | 0.35052 | - | - | - | - |
06/21/2013 | 06/25/2013 | 06/28/2013 | 0.32000 | 0.32000 | - | - | - | - |
03/15/2013 | 03/19/2013 | 03/28/2013 | 0.07856 | 0.07856 | - | - | - | - |
12/21/2012 | 12/26/2012 | 12/31/2012 | 0.27579 | 0.27579 | - | - | - | - |
09/21/2012 | 09/25/2012 | 09/28/2012 | 0.05651 | 0.05651 | - | - | - | - |
06/15/2012 | 06/19/2012 | 06/29/2012 | 0.57597 | 0.57597 | - | - | - | - |
03/16/2012 | 03/20/2012 | 03/30/2012 | 0.07266 | 0.07266 | - | - | - | - |
12/16/2011 | 12/20/2011 | 12/30/2011 | 0.30285 | 0.30285 | - | - | - | - |
09/16/2011 | 09/20/2011 | 09/30/2011 | 0.19611 | 0.19611 | - | - | - | - |
06/17/2011 | 06/21/2011 | 06/30/2011 | 0.20877 | 0.20877 | - | - | - | - |
12/17/2010 | 12/21/2010 | 12/31/2010 | 0.79673 | 0.79673 | - | - | - | - |
09/17/2010 | 09/21/2010 | 09/30/2010 | 0.04233 | 0.04233 | - | - | - | - |
06/18/2010 | 06/22/2010 | 06/30/2010 | 0.11872 | 0.11872 | - | - | - | - |
03/19/2010 | 03/23/2010 | 03/31/2010 | 0.02590 | 0.02590 | - | - | - | - |
12/18/2009 | 12/22/2009 | 12/31/2009 | 0.61952 | 0.61952 | - | - | - | - |
09/18/2009 | 09/22/2009 | 09/30/2009 | 0.05316 | 0.05316 | - | - | - | - |
06/19/2009 | 06/23/2009 | 06/30/2009 | 0.09775 | 0.09775 | - | - | - | - |
12/19/2008 | 12/23/2008 | 12/31/2008 | 0.43699 | 0.43699 | - | - | - | - |
06/20/2008 | 06/24/2008 | 06/30/2008 | 0.39707 | 0.39707 | - | - | - | - |
03/20/2008 | 03/25/2008 | 03/31/2008 | 0.03277 | 0.03277 | - | - | - | - |
12/21/2007 | 12/26/2007 | 12/31/2007 | 0.09981 | 0.09981 | - | - | - | - |
09/21/2007 | 09/25/2007 | 09/28/2007 | 0.01328 | 0.01328 | - | - | - | - |
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 | 15 | 18 | 7 | 1 | 0 | 0 |
03/31/2023 | 62 | 9 | 14 | 20 | 1 | 0 | 0 |
12/31/2022 | 63 | 14 | 11 | 12 | 4 | 0 | 0 |
09/30/2022 | 64 | 12 | 11 | 10 | 1 | 1 | 0 |
Year Ended 2022 | 251 | 46 | 40 | 53 | 8 | 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 | 13 | 6 | 2 | 0 | 0 | 0 |
03/31/2023 | 62 | 10 | 4 | 4 | 0 | 0 | 0 |
12/31/2022 | 63 | 10 | 8 | 3 | 0 | 0 | 1 |
09/30/2022 | 64 | 10 | 13 | 6 | 0 | 0 | 0 |
Year Ended 2022 | 251 | 51 | 36 | 15 | 0 | 0 | 1 |
Fund Inception : 06/25/2007
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.
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 medium-sized companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquid or restricted as to resale.
The performance of an investment concentrated in issuers of a certain regions or countries, such as Asia Pacific and Europe, are expected to be closely tied to conditions within those regions 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® Index is an unmanaged index considered representative of 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 ex-U.S. 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 license. "Research Affiliates" and "Fundamental Index" are trademarks of Research Affiliates.