PIN - Invesco India ETF

Equity - International and Global Equity

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.

Effective at the close of markets on Friday, June 21, 2019, the Fund's investment objective, principal investment strategy and underlying index changed. Please see the Fund's prospectus for further information.

as of 11/30/2019 09/30/2019

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
FTSE India Quality and Yield Select Index N/A N/A N/A N/A N/A N/A
MSCI India Index 5.96 5.82 10.84 3.47 4.06 2.45
Fund History (%)
Fund NAV 4.00 4.08 9.51 3.00 2.39 0.77
After Tax Held 3.93 3.76 9.29 2.79 2.22 0.61
After Tax Sold 2.37 2.57 7.37 2.28 1.86 0.59
Fund Market Price 3.54 3.96 9.40 3.03 2.31 0.55
  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
FTSE India Quality and Yield Select Index N/A N/A N/A N/A N/A N/A
MSCI India Index 2.14 4.73 6.53 3.84 4.09 2.16
Fund History (%)
Fund NAV 0.76 1.96 6.17 3.06 2.29 0.51
After Tax Held 0.68 1.65 5.96 2.85 2.11 0.35
After Tax Sold 0.45 1.32 4.75 2.34 1.78 0.39
Fund Market Price 0.84 2.51 6.21 3.16 2.19 0.33

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. 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 10 years prior to the ending date of 09/30/2019. 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.

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 12/13/2019

Sector Allocation

Sector Percent of Fund
Financials 19.95%
Information Technology 17.67%
Energy 17.38%
Consumer Staples 10.77%
Consumer Discretionary 9.33%
Materials 9.22%
Health Care 5.35%
Communication Services 3.95%
Industrials 3.65%
Utilities 1.98%
Real Estate 0.74%
as of 12/13/2019

Top Country Allocation

Country Percentage
India 100.00%
as of 12/12/2019

Market Cap & Style Allocations

Large-Cap Value 8.56%
Large-Cap Blend 34.63%
Large-Cap Growth 49.53%
Mid-Cap Value 1.41%
Mid-Cap Blend 3.49%
Mid-Cap Growth 2.36%
Small-Cap Value 0.02%
Small-Cap Blend -
Small-Cap Growth -

as of 12/13/2019 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
RIL Reliance Industries Ltd 12.08
HDFC Housing Development Finance Corp Ltd 10.56
INFO Infosys Ltd 7.80
TCS Tata Consultancy Services Ltd 5.53
HUVR Hindustan Unilever Ltd 4.21
MSIL Maruti Suzuki India Ltd 2.58
ITC ITC Ltd 2.11
BAF Bajaj Finance Ltd 2.09
BHARTI Bharti Airtel Ltd 2.08
HCLT HCL Technologies Ltd 1.74

Distributions | HideView All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
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%
09/30/2019 64 10 2 2 0 0 0
03/31/2019 61 16 11 2 0 0 0
12/31/2018 63 6 9 8 3 0 0
09/30/2018 63 14 13 8 1 1 0
Year Ended 2018 251 44 43 32 7 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%
09/30/2019 64 9 14 19 5 3 0
03/31/2019 61 10 8 12 2 0 0
12/31/2018 63 12 6 8 5 5 1
09/30/2018 63 9 8 6 2 1 0
Year Ended 2018 251 36 28 38 13 7 2

Fund Inception : 03/05/2008

 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, such as the industrials 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.

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.

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.

as of 12/13/2019
4:15 PM EST

PIN
Intraday Stats

  • Last Trade $25.29
  • Current IIV $25.28
  • Change $0.15
  • % Change 0.60%
as of 12/13/2019
  • NAV at market close $25.23
as of 12/13/2019

Prior Close

  • Closing Price $25.14
  • Bid/Ask Midpoint $25.28
  • Bid/Ask Prem/Disc $0.05
  • Bid/Ask Prem/Disc 0.20%
as of 09/30/2019

Fund Characteristics

  • Price/Earnings Ratio1 20.20
  • Forward Price/Earnings Ratio 18.13
  • Price/Book Ratio1 2.74
  • ROE2 21.09%
  • Avg Market Cap2 $39,372MM

1 Weighted Harmonic Average

2 Weighted Average

Source for Fund Characteristics calculations: FactSet

Fund Details

  • Fund Ticker PIN
  • CUSIP # 46137R109
  • ISIN US46137R1095
  • Intraday NAV PINIV
  • Index Ticker WIINDQYR
  • Index Provider FTSE
  • Management Fee 0.78%
  • Total Expense Ratio 0.82%
  • Marginable Yes
  • Short Selling Yes
  • Options Yes
  • Exchange NYSE Arca
  • Inception Date 03/05/2008
  • # of Holdings 126
    as of 12/13/2019
as of 12/13/2019

Quick Facts

  • Previous Close $25.14
  • Open $25.23
  • Today's High $25.29
  • Today's Low $25.18
  • Today's Volume 134,403
  • 11,401 30-Day Avg Trading
    Volume
  • 52 Week High $25.99
  • 52 Week Low $22.46
  • Shares Outstanding 5.25MM
  • Market Value $132.5MM