EEMO - Invesco S&P Emerging Markets Momentum ETF

Equity - International and Global Equity

Product Details

The Invesco S&P Emerging Markets Momentum ETF (the "Fund") is based on the S&P Momentum Emerging Plus LargeMidCap Index (the "Index"). The Fund generally will invest at least 90% of its total assets in the securities of companies that comprise the Index, as well as American depositary receipts ("ADRs") and global depositary receipts ("GDRs") that represent securities in the Index. The Fund anticipates that at times it may invest a significant portion of its investments in ADRs and GDRs that are based on the securities included in the Index. The Fund and the Index are rebalanced and reconstituted semi-annually on the third Friday of March and September.

as of 09/30/2019

Factor DNA™

Factor score methodology

Factor scores are calculated for every stock within the starting universe, Russell 3000 Index and Russell Global ex-US Index. Factor scores are normalized using z-scores with a mean of zero and a standard deviation of one. A normalized score is then calculated for both the fund and index shown based on the weighted average normalized scores of their underlying stocks. The Factor DNA™ chart plots the difference in the fund's normalized score for each factor, in standard deviations, relative to the index shown with a range of -1.5 to 1.5. The index shown serves as the baseline and is plotted at zero.

See notes below for factor definitions.

Try the Factor eXposure Tool
Factor definitions

Low volatility — Annualized 252-day standard deviation of the stock's price. Lower standard deviations receive a higher factor exposure score. Dividend yield — Total dividends paid by the stock over the past 12 months divided by its current price. Quality — Each fundamental ratio is standardized using a z-score relative to its universe before averaging (return on equity — accruals ratio — debt to common equity) / three. Value — Each fundamental ratio is standardized using a z-score relative to its universe before averaging (earnings/price + book value/price + sales/price) / three. Momentum — 12-month return excluding the most recent month. The return is risk adjusted using the standard deviation of daily price returns over the past year. Small size — Stock's market capitalization in USD. Lower market capitalization companies receive a higher factor exposure score.

as of 09/30/2019

Factor DNATM

Factor score methodology

Factor scores are calculated for every stock within the starting universe, Russell 3000 Index and Russell Global ex-US Index. Factor scores are normalized using z-scores with a mean of zero and a standard deviation of one. A normalized score is then calculated for both the fund and index shown based on the weighted average normalized scores of their underlying stocks. The Factor DNATM chart plots the difference in the fund's normalized score for each factor, in standard deviations, relative to the index shown with a range of -1.5 to 1.5. The index shown serves as the baseline and is plotted at zero.

See notes below for factor definitions.

Try the Factor eXposure Tool
Factor definitions

Low volatility — Annualized 252-day standard deviation of the stock’s price. Lower standard deviations receive a higher factor exposure score. Dividend yield — Total dividends paid by the stock over the past 12 months divided by its current price. Quality — Each fundamental ratio is standardized using a z-score relative to its universe before averaging (return on equity — accruals ratio — debt to common equity) / three. Value — Each fundamental ratio is standardized using a z-score relative to its universe before averaging (earnings/price + book value/price + sales/price) / three. Momentum — 12-month return excluding the most recent month. The return is risk adjusted using the standard deviation of daily price returns over the past year. Small size — Stock's market capitalization in USD. Lower market capitalization companies receive a higher factor exposure score.

as of 10/31/2019 09/30/2019

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
S&P Momentum Emerging Plus LargeMidCap Index 15.58 15.21 11.27 N/A N/A N/A
MSCI Emerging Markets Index 10.35 11.86 7.36 2.93 3.78 2.20
Fund History (%)
Fund NAV 14.82 13.60 9.64 0.03 N/A -1.24
After Tax Held 13.91 10.93 7.93 -1.06 N/A -2.05
After Tax Sold 8.75 11.10 7.35 -0.02 N/A -0.94
Fund Market Price 15.31 13.66 9.63 0.12 N/A -1.38
  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
S&P Momentum Emerging Plus LargeMidCap Index 9.65 -0.01 9.27 N/A N/A N/A
MSCI Emerging Markets Index 5.89 -2.02 5.97 2.33 3.37 1.67
Fund History (%)
Fund NAV 8.86 -1.34 7.51 -0.38 N/A -1.95
After Tax Held 8.01 -3.66 5.83 -1.46 N/A -2.76
After Tax Sold 5.25 2.08 5.77 -0.29 N/A -1.43
Fund Market Price 9.25 -0.81 7.30 -0.39 N/A -2.09

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 of 09/30/2019

Growth of $10,000

Data beginning Fund inception and ending 09/30/2019. Fund performance shown at NAV.

S&P Momentum Emerging Plus LargeMidCap Index* performance prior to 3/18/2016 reflects that of the original Underlying Index, S&P BMI Emerging Markets High Beta Index. From 3/18/2016, forward, the Index performance reflects that of the Underlying Index, S&P Momentum Emerging Plus LargeMidCap 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.

as of 11/20/2019

Sector Allocation

Sector Percent of Fund
Financials 39.94%
Energy 15.22%
Materials 7.84%
Information Technology 7.21%
Consumer Discretionary 7.08%
Utilities 5.02%
Industrials 4.82%
Investment Companies 4.69%
Consumer Staples 3.02%
Communication Services 2.73%
Health Care 1.25%
Real Estate 1.18%
as of 11/20/2019

Top Country Allocation

Country Percentage
Brazil 25.88%
Russia 13.64%
Taiwan 12.53%
China 12.32%
India 7.13%
United States 5.61%
Indonesia 4.64%
South Africa 4.49%
Thailand 3.22%
Kuwait 3.14%
as of 11/20/2019

Market Cap & Style Allocations

Large-Cap Value 16.85%
Large-Cap Blend 44.97%
Large-Cap Growth 25.29%
Mid-Cap Value 4.06%
Mid-Cap Blend 3.11%
Mid-Cap Growth 4.00%
Small-Cap Value 0.94%
Small-Cap Blend 0.45%
Small-Cap Growth 0.33%

Quality Allocations as of 11/20/2019

S&P Moody's
BBB : 0% Baa : 1%
BB : 0% Ba : 0%

as of 11/20/2019 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
GAZP RM Gazprom PJSC 5.69
2318 Ping An Insurance Group Co of China Ltd 5.03
KSA iShares MSCI Saudi Arabia ETF 4.69
LKOH RM LUKOIL PJSC 2.98
B3SA3 B3 SA - Brasil Bolsa Balcao 2.74
NBK KK National Bank of Kuwait SAKP 2.67
ITUB4 Itau Unibanco Holding SA 2.54
BBDC4 Banco Bradesco SA 2.45
BBCA IJ Bank Central Asia Tbk PT 2.44
INFO Infosys Ltd 2.28

Distributions | HideView All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
09/23/2019 09/24/2019 09/30/2019 0.26963 0.26963 - - -
03/18/2019 03/19/2019 03/29/2019 0.04893 0.04893 - - -
12/26/2018 12/27/2018 12/31/2018 - - 1.80773 0.04406 -
12/24/2018 12/26/2018 12/31/2018 0.11005 0.11005 - - -
12/27/2017 12/28/2017 12/29/2017 0.75850 0.00000 0.75850 - -
12/18/2017 12/19/2017 12/29/2017 0.14320 0.14320 - - -
09/18/2017 09/19/2017 09/29/2017 0.14021 0.14021 - - -
06/16/2017 06/20/2017 06/30/2017 0.01053 0.01053 - - -
12/16/2016 12/20/2016 12/30/2016 0.22333 0.22333 - - -
09/16/2016 09/20/2016 09/30/2016 - - - - -
06/17/2016 06/21/2016 06/30/2016 - - - - -
03/18/2016 03/22/2016 03/31/2016 - - - - -
12/18/2015 12/22/2015 12/31/2015 0.32105 0.32105 - - -
09/18/2015 09/22/2015 09/30/2015 - - - - -
06/19/2015 06/23/2015 06/30/2015 0.09372 0.09372 - - -
03/20/2015 03/24/2015 03/31/2015 - - - - -
12/19/2014 12/23/2014 12/31/2014 0.23704 0.23704 - - -
06/20/2014 06/24/2014 06/30/2014 0.25767 0.25767 - - -
12/20/2013 12/24/2013 12/31/2013 0.19082 0.19082 - - -
09/20/2013 09/24/2013 09/30/2013 0.05483 0.05483 - - -
06/21/2013 06/25/2013 06/28/2013 0.11861 0.11861 - - -
03/15/2013 03/19/2013 03/28/2013 0.00000 0.00000 - - -
12/21/2012 12/26/2012 12/31/2012 0.17452 0.17452 - - -
09/21/2012 09/25/2012 09/28/2012 0.10577 0.10577 - - -
06/15/2012 06/19/2012 06/29/2012 0.04271 0.04271 - - -
03/16/2012 03/20/2012 03/30/2012 0.00000 0.00000 - - -

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%
09/30/2019 64 11 4 0 0 0 0
03/31/2019 61 6 5 1 0 0 0
12/31/2018 63 4 4 1 0 0 0
09/30/2018 63 11 4 3 0 0 0
Year Ended 2018 251 30 32 22 5 0 2
    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%
09/30/2019 64 16 12 19 2 0 0
03/31/2019 61 19 15 14 1 0 0
12/31/2018 63 16 15 16 6 1 0
09/30/2018 63 15 14 12 3 1 0
Year Ended 2018 251 49 42 49 17 3 0

Fund Inception : 02/24/2012

 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.

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

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.

Momentum style of investing is subject to the risk that the securities may be more volatile than the market as a whole or returns on securities that have previously exhibited price momentum are less than returns on other styles of investing. .

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.

Investments focused in a particular sector, such as financial, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

The Fund's use of a representative sampling approach will result in its holding a smaller number of securities than are in the underlying Index, and may be subject to greater volatility.

The performance of an investment concentrated in issuers of a certain region or country is expected to be closely tied to conditions within that region and to be more volatile than more geographically diversified investments.

Investments in Indian securities involves heightened risks; the country’s market is characterized by a small number of listed companies that have significantly smaller market capitalizations, greater price volatility and substantially less liquidity than companies in more developed markets. These factors, coupled with restrictions on foreign investment, limit the supply of securities available for investment, which will affect the rate at which the Fund can invest, purchase and sale prices, and the timing of purchases and sales. Certain restrictions may decrease the Fund’s liquidity, and subject the Fund to higher transaction costs, or inhibit the Fund’s ability to track the Underlying Index. Securities of issuers located or operating in India may also be limited or prevented, due to the limits on foreign ownership of Indian securities imposed by the Reserve Bank of India (“RBI”).

The Fund may invest in Russian securities. Economic sanctions have been imposed on certain Russian individuals and entities, and broader sanctions could be instituted. Current sanctions, or the threat of further sanctions, may result in the decline of the value or liquidity of such securities, a weakening of the ruble or other adverse consequences to the Russian economy, any of which could negatively impact the Fund. These sanctions could also result in the immediate freeze of such securities, which could impair the ability of the Fund to buy, sell, receive or deliver those securities. Existing and potential future sanctions could result in Russia taking counter measures or retaliatory actions, which further may impair the value or liquidity of the securities, and therefore may negatively impact the Fund.

The MSCI Emerging Markets Index is an unmanaged index considered representative of stocks of developing countries. 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 Standaroor's.

S&P® is a registered trademark of Standard & Poor's Financial Services LLC (S&P) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones). These trademarks have been licensed for use by S&P Dow Jones Indices LLC. S&P® and Standard & Poor's® are trademarks of S&P and Dow Jones® is a trademark of Dow Jones. These trademarks have been sublicensed for certain purposes by Invesco Capital Management LLC. The Index is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Invesco. The Fund is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates and neither S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates make any representation regarding the advisability of investing in such product(s).

Beta is a measure of risk representing how a security is expected to respond to general market movements. Smart Beta represents an alternative and selection index based methodology that seeks to outperform a benchmark or reduce portfolio risk, or both. Smart beta funds may underperform cap-weighted benchmarks and increase portfolio risk.

as of 11/20/2019
4:15 PM EST

EEMO
Intraday Stats

  • Last Trade $16.67
  • Current IIV $15.26
  • Change $0.05
  • % Change 0.30%
as of 11/20/2019
  • NAV at market close $16.72
as of 11/20/2019

Fund Yield

  • SEC 30 Day Yield 2.65%
  • Distribution Rate 6.45%
  • 12 Month Distribution Rate 2.56%
  • 30-Day SEC Unsubsidized Yield
    as of 11/20/2019
    2.49%
as of 11/20/2019

Prior Close

  • Closing Price $16.62
  • Bid/Ask Midpoint $16.68
  • Bid/Ask Prem/Disc -$0.04
  • Bid/Ask Prem/Disc -0.24%
as of 09/30/2019

Fund Characteristics

  • Price/Earnings Ratio1 13.81
  • Forward Price/Earnings Ratio 12.43
  • Price/Book Ratio1 1.86
  • ROE2 18.56%
  • Avg Market Cap2 $37,778MM

1 Weighted Harmonic Average

2 Weighted Average

Source for Fund Characteristics calculations: FactSet

Fund Details

  • Fund Ticker EEMO
  • CUSIP # 46138E289
  • ISIN US46138E2899
  • Intraday NAV EEMOIV
  • Index Ticker SPEMPMUN
  • Index Provider S&P Dow Jones Indices LLC
  • Management Fee 0.45%
  • Acquired Fund Fees & Expenses 0.03%
  • Total Expense Ratio 0.48%
  • Fee Waiver 0.18%
  • Net Expense Ratio 0.30%
  • Marginable Yes
  • Short Selling Yes
  • Options No
  • Exchange NYSE Arca
  • Inception Date 02/24/2012
  • # of Holdings 181
    as of 11/20/2019
as of 11/20/2019

Quick Facts

  • Previous Close $16.62
  • Open $16.67
  • Today's High $16.67
  • Today's Low $16.67
  • Today's Volume 41
  • 2,379 30-Day Avg Trading
    Volume
  • 52 Week High $17.29
  • 52 Week Low $14.59
  • Shares Outstanding .35MM
  • Market Value $5.9MM