ISDX - Invesco RAFI™ Strategic Developed ex-US ETF

Equity - International and Global Equity

Product Details

The Invesco RAFITM Strategic Developed ex-US ETF (the "Fund") is based on the Invesco Strategic Developed ex-US Index (the "Index"). The Fund will normally invest at least 80% of its total assets in securities, American depositary receipts (ADRs) and global depositary receipts (GDRs) that comprise the Index. The Index is designed to measure the performance of high quality, large-sized developed market companies, excluding the US. The eligible equity securities are assigned a business-size score based on the equally-weighted average of sales, operating cash flow, total return of capital and book value over the prior five years or life of the security. Real estate securities are assigned a business-size score based on sales, funds from operations, total return of capital and total assets. The securities are then assigned a quality score based on the equally-weighted average of efficiency (ratio of sales-to-assets in the prior year) and growth (percentage change in ratio of sales-to-assets over the prior five years or life of the security). Finally, each eligible security is ranked in descending order by its Business-Size score. For inclusion in the index, securities ranked in the top 90% by Business-Size score are eligible and, of those 80% with the highest Quality score. Securities in the Index are weighted based on their float-adjusted Business-Size scores. The Fund and the Index are reconstituted annually.

Effective at the close of markets on Friday, March 15, 2019, the Fund's name changed. Please see the Fund's prospectus for further information.

as of 02/29/2020 12/31/2019

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
Invesco Strategic Developed ex-US Index -12.56 -3.90 N/A N/A N/A -3.31
MSCI EAFE Index -10.94 -0.57 3.92 1.96 4.83 -1.50
Fund History (%)
Fund NAV -12.23 -3.60 N/A N/A N/A -3.00
After Tax Held -12.23 -4.16 N/A N/A N/A -3.54
After Tax Sold -7.24 -1.68 N/A N/A N/A -2.26
Fund Market Price -12.51 -4.30 N/A N/A N/A -3.49
  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
Invesco Strategic Developed ex-US Index 20.73 20.73 N/A N/A N/A 6.75
MSCI EAFE Index 22.01 22.01 9.56 5.67 5.50 7.47
Fund History (%)
Fund NAV 20.59 20.59 N/A N/A N/A 6.82
After Tax Held 19.40 19.40 N/A N/A N/A 5.82
After Tax Sold 12.15 12.15 N/A N/A N/A 4.82
Fund Market Price 20.73 20.73 N/A N/A N/A 6.48

This is a new Fund and has no full-year Fund performance to report as of most recent quarter end.

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 12/31/2019

Growth of $10,000

Data beginning 10 years prior to the ending date of 12/31/2019. 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 04/01/2020

Sector Allocation

Sector Percent of Fund
Industrials 15.18%
Consumer Staples 12.37%
Materials 12.07%
Consumer Discretionary 11.27%
Health Care 9.95%
Energy 9.07%
Information Technology 9.00%
Communication Services 7.12%
Financials 6.70%
Utilities 6.61%
Real Estate 0.67%
as of 04/01/2020

Top Country Allocation

Country Percentage
Japan 18.43%
Canada 14.56%
United Kingdom 12.81%
France 8.69%
Germany 7.17%
Switzerland 7.05%
South Korea 6.44%
Australia 5.15%
United States 4.18%
Netherlands 3.29%
as of 04/01/2020

Market Cap & Style Allocations

Large-Cap Value 35.26%
Large-Cap Blend 30.38%
Large-Cap Growth 9.06%
Mid-Cap Value 13.61%
Mid-Cap Blend 5.08%
Mid-Cap Growth 2.56%
Small-Cap Value 3.06%
Small-Cap Blend 0.82%
Small-Cap Growth 0.16%

as of 04/01/2020 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
005930 KS Samsung Electronics Co Ltd 2.76
NESN SW Nestle SA 1.76
ROG SW Roche Holding AG 1.48
NOVN SW Novartis AG 1.41
BP/ LN BP PLC 1.34
FP FP TOTAL SA 1.27
ENB Enbridge Inc 1.18
RDSA Royal Dutch Shell PLC 1.18
VOD LN Vodafone Group PLC 1.12
CB Chubb Ltd 1.11

Distributions | HideView All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital Liquidation Distribution
03/23/2020 03/24/2020 03/31/2020 0.17685 0.17685 - - - -
12/23/2019 12/24/2019 12/31/2019 0.15016 0.15016 - - - -
09/23/2019 09/24/2019 09/30/2019 0.18155 0.18155 - - - -
06/24/2019 06/25/2019 06/28/2019 0.15092 0.15092 - - - -
03/18/2019 03/19/2019 03/29/2019 0.12812 0.12812 - - - -
12/24/2018 12/26/2018 12/31/2018 0.21104 0.21104 - - - -

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%
12/31/2019 64 29 13 1 0 0 0
09/30/2019 64 30 12 1 0 0 0
06/30/2019 63 29 8 3 0 0 0
03/31/2019 61 20 16 4 1 0 0
Year Ended 2019 252 108 49 9 1 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%
12/31/2019 64 16 5 0 0 0 0
09/30/2019 64 14 4 2 1 0 0
06/30/2019 63 17 5 1 0 0 0
03/31/2019 61 14 4 2 0 0 0
Year Ended 2019 252 61 18 5 1 0 0

Fund Inception : 09/12/2018

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

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. The risks of investing in securities of foreign issuers can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues.

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.

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.

Financial information related to foreign securities may be less reliable. Market quotations may not be readily available for some securities, and those securities may be fair valued which may be different than if the security had been valued using market quotations. There is no assurance that the Fund could sell a security for the value established for it at any time.

REITs are subject to additional risks than general real estate investments. The value of a REIT can depend on the structure and cash flow generated by the REIT. REITs concentrated in a limited number or type of properties, investments or narrow geographic areas are subject to the risks affecting those properties or areas to a greater extent than less concentrated investments. REITs are subject to certain requirements under federal tax law and may have expenses, including advisory and administration expenses. As a result, Fund will incur its pro rata share of the underlying expenses.

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 Invesco Strategic Developed ex-US Index is a trademark of Invesco Indexing LLC (index provider) and has been licensed for use by Invesco Capital Management LLC (investment adviser). Invesco Indexing LLC, Invesco Capital Management LLC, and Invesco Distributors, Inc. (ETF distributor) are wholly owned, indirect subsidiaries of Invesco Ltd.

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 04/02/2020
3:59 PM EST

ISDX
Intraday Stats

  • Last Trade $18.40
  • Current IIV $18.29
  • Change $0.36
  • % Change 2.00%
as of 04/02/2020
  • NAV at market close $18.39
as of 04/02/2020

Prior Close

  • Closing Price $18.04
  • Bid/Ask Midpoint $0.00
  • Bid/Ask Prem/Disc -
  • Bid/Ask Prem/Disc -

Fund Details

  • Fund Ticker ISDX
  • CUSIP # 46138J726
  • ISIN US46138J7265
  • Intraday NAV ISDXIV
  • Index Ticker IISXLN
  • Index Provider Invesco Indexing LLC
  • Management Fee 0.23%
  • Total Expense Ratio 0.23%
  • Marginable Yes
  • Short Selling Yes
  • Options No
  • Exchange NASDAQ
  • Inception Date 09/12/2018
  • # of Holdings 786
    as of 04/01/2020
as of 04/02/2020

Quick Facts

  • Previous Close $18.04
  • Open $18.10
  • Today's High $18.48
  • Today's Low $18.10
  • Today's Volume 8,924
  • 82,179 30-Day Avg Trading
    Volume
  • 52 Week High $27.06
  • 52 Week Low $16.04
  • Shares Outstanding 10.50MM
  • Market Value $193.1MM