REFA - Invesco International Revenue ETF

Equity - International and Global Equity

Product Details

The Invesco International Revenue ETF (the “Fund”) is based on the OFI Revenue Weighted International Index (the “Index”). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index is constructed using a rules-based approach that re-weights developed market securities, excluding the US and Canada, of the MSCI EAFE Index according to the revenue earned by the companies, with a maximum 5% per company weighting. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and Index are rebalanced quarterly.

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

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
OFI Revenue Weighted International Index 13.69 7.61 N/A N/A N/A 3.60
MSCI EAFE Index 18.17 12.44 9.62 4.26 5.32 4.94
Fund History (%)
Fund NAV 13.23 7.21 N/A N/A N/A 3.27
After Tax Held 12.09 6.04 N/A N/A N/A 2.57
After Tax Sold 7.81 4.39 N/A N/A N/A 2.43
Fund Market Price 13.80 6.98 N/A N/A N/A 3.31
  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
OFI Revenue Weighted International Index 8.15 -6.31 N/A N/A N/A 1.56
MSCI EAFE Index 12.80 -1.34 6.48 3.27 4.90 3.14
Fund History (%)
Fund NAV 7.82 -6.60 N/A N/A N/A 1.26
After Tax Held 6.74 -7.62 N/A N/A N/A 0.53
After Tax Sold 4.64 -3.76 N/A N/A N/A 0.92
Fund Market Price 8.51 -6.16 N/A N/A N/A 1.37

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.

As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund.

as of 09/30/2019

Growth of $10,000

Data beginning Fund inception and ending 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.

as of 12/11/2019

Sector Allocation

Sector Percent of Fund
Industrials 18.13%
Financials 17.91%
Consumer Discretionary 17.24%
Consumer Staples 9.28%
Materials 8.28%
Energy 8.14%
Communication Services 5.67%
Utilities 5.59%
Health Care 4.32%
Information Technology 4.05%
Real Estate 1.40%
as of 12/11/2019

Top Country Allocation

Country Percentage
Japan 35.04%
United Kingdom 12.66%
France 12.13%
Germany 11.45%
Switzerland 5.27%
Australia 3.49%
Netherlands 3.17%
Spain 3.16%
Italy 2.47%
Hong Kong 2.15%
as of 12/11/2019

Market Cap & Style Allocations

Large-Cap Value 47.92%
Large-Cap Blend 22.78%
Large-Cap Growth 9.73%
Mid-Cap Value 11.30%
Mid-Cap Blend 6.00%
Mid-Cap Growth 2.26%
Small-Cap Value -
Small-Cap Blend 0.01%
Small-Cap Growth -

as of 12/11/2019 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
7203 Toyota Motor Corp 2.00
BP/ LN BP PLC 1.72
GLEN LN Glencore PLC 1.27
RDSA LN Royal Dutch Shell PLC 1.24
DAI Daimler AG 1.15
FP FP TOTAL SA 1.12
RDSB LN Royal Dutch Shell PLC 1.06
8058 Mitsubishi Corp 0.99
VOW Volkswagen AG 0.98
EXO EXOR NV 0.97

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 0.16744 0.16744 - - -
06/24/2019 06/25/2019 06/28/2019 0.37092 0.37092 - - -
03/19/2019 03/20/2019 03/21/2019 0.07452 0.07452 - - -
12/26/2018 12/27/2018 12/28/2018 0.14075 0.14075 - - -
09/25/2018 09/26/2018 09/27/2018 0.13909 0.13909 - - -
06/19/2018 06/20/2018 06/21/2018 0.43725 0.43725 - - -
03/16/2018 03/19/2018 03/20/2018 0.02902 0.02902 - - -
12/28/2017 12/29/2017 01/02/2018 0.04821 0.04821 - - -
10/03/2017 10/04/2017 10/06/2017 0.20237 0.20237 - - -

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 21 6 2 0 0 0
03/31/2019 61 13 12 9 2 0 0
12/31/2018 63 10 9 9 1 1 0
09/30/2018 63 13 18 18 1 1 1
Year Ended 2018 251 48 51 58 11 4 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 22 7 3 3 0 0
03/31/2019 61 16 5 4 0 0 0
12/31/2018 63 12 8 6 6 1 0
09/30/2018 63 11 0 0 0 0 0
Year Ended 2018 251 44 13 10 6 3 1

Fund Inception : 07/11/2017

 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 sector, such as consumer discretionary, financial services and industrials, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

Securities that pay dividends as a group can fall out of favor with the market, causing such companies to underperform companies that do not pay dividends. Also changes in the dividend policies of the companies and the capital resources available for such companies' dividend payments may affect 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.

The performance of an investment concentrated in issuers of a certain region or country, such as the Eurozone, 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.

The Fund is subject to numerous market trading risks, including the potential lack of an active market, losses from trading in secondary markets, and disruption in the creation/redemption process. During stressed market conditions, Shares may become less liquid as result of deteriorating liquidity which could lead to differences in the market price and the underlying value of those Shares.

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

Increased volatility may result from increased cash flows to the Fund and other market participants that continuously or systematically buy large holdings of small- or mid-cap companies, which can drive prices up and down more dramatically. Announcements that a security has been added to a widely followed index may cause the price of that security to increase, and decrease when deleted from the index.

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 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.

The funds or securities referred to herein are not sponsored, endorsed or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The prospectus contains a more detailed description of the limited relationship MSCI has with Invesco Capital Management LLC and any related funds.

The Invesco International Revenue ETF or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such the Invesco International Revenue ETF or securities are based. The Prospectus contains a more detailed description of the limited relationship MSCI has with Invesco and any related funds.

MSCI INC. ("MSCI") AND THE MSCI INDEX NAMES ARE SERVICE MARK(S) OF MSCI OR ITS AFFILIATES AND HAVE BEEN LICENSED FOR USE FOR CERTAIN PURPOSES BY THE ADVISER.

as of 12/12/2019
10:30 AM EST

REFA
Intraday Stats

  • Last Trade $25.79
  • Current IIV $25.58
  • Change $0.16
  • % Change 0.62%
as of 12/11/2019
  • NAV at market close $25.51
as of 12/11/2019

Fund Yield

  • SEC 30 Day Yield 2.98%
  • Distribution Rate 2.63%
  • 12 Month Distribution Rate 2.95%
  • 30-Day SEC Unsubsidized Yield
    as of 12/11/2019
    2.98%
as of 12/11/2019

Prior Close

  • Closing Price $25.63
  • Bid/Ask Midpoint $25.63
  • Bid/Ask Prem/Disc $0.12
  • Bid/Ask Prem/Disc 0.47%
as of 09/30/2019

Fund Characteristics

  • Price/Earnings Ratio1 11.41
  • Forward Price/Earnings Ratio 10.76
  • Price/Book Ratio1 1.01
  • ROE2 11.01%
  • Avg Market Cap2 $46,299MM

1 Weighted Harmonic Average

2 Weighted Average

Source for Fund Characteristics calculations: FactSet

Fund Details

  • Fund Ticker REFA
  • CUSIP # 46138G789
  • ISIN US46138G7896
  • Intraday NAV REFAIV
  • Index Ticker M1CXOFB
  • Index Provider MSCI, Inc.
  • Management Fee 0.42%
  • Total Expense Ratio 0.42%
  • Marginable No
  • Short Selling No
  • Options No
  • Exchange Cboe BZX Exchange, Inc.
  • Inception Date 07/11/2017
  • # of Holdings 904
    as of 12/11/2019
as of 12/12/2019

Quick Facts

  • Previous Close $25.63
  • Open $25.77
  • Today's High $25.79
  • Today's Low $25.77
  • Today's Volume 400
  • 448 30-Day Avg Trading
    Volume
  • 52 Week High $25.81
  • 52 Week Low $22.16
  • Shares Outstanding .50MM
  • Market Value $12.8MM