CQQQ - Invesco China Technology ETF

Equity - International and Global Equity

Product Details

The Invesco China Technology ETF is based on the FTSE China Incl A 25% Technology Capped Index (Index). The Fund will invest at least 80% 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 includes constituents of the FTSE China Index and FTSE China A Stock Connect Index that are classified as information technology securities, including China A-shares and China B-shares. The Fund and the Index are rebalanced quarterly.

as of 02/29/2020

Morningstar Rating

Overall Rating - China Region Category

As of 02/29/2020 the Fund had an overall rating of 4 stars out of 75 funds and was rated 3 stars out of 75 funds, 4 stars out of 72 funds and 4 stars out of 48 funds for the 3-, 5- and 10- year periods, respectively.

Morningstar details

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. ©2020 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.

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

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
FTSE China Incl A 25% Technology Capped Index 3.03 N/A N/A N/A N/A N/A
MSCI China Index -3.88 3.29 10.29 5.49 5.65 4.64
AlphaShares China Technology Index -0.21 10.91 10.64 9.07 8.84 8.95
Fund History (%)
Fund NAV 2.91 13.44 11.13 9.74 9.06 9.09
After Tax Held 2.91 13.43 10.84 9.25 8.54 8.58
After Tax Sold 1.73 7.96 8.55 7.45 7.12 7.17
Fund Market Price 2.09 12.68 10.62 9.59 8.91 9.02
  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
FTSE China Incl A 25% Technology Capped Index N/A N/A N/A N/A N/A N/A
MSCI China Index 23.46 23.46 15.56 7.49 5.34 5.13
AlphaShares China Technology Index 33.77 33.77 15.26 9.90 8.80 9.12
Fund History (%)
Fund NAV 32.46 32.46 14.56 9.92 8.67 8.94
After Tax Held 32.45 32.45 14.26 9.42 8.15 8.42
After Tax Sold 19.21 19.21 11.30 7.60 6.79 7.03
Fund Market Price 33.41 33.41 14.96 9.85 8.66 8.95

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 18, 2018, the returns presented reflect performance of the Guggenheim predecessor fund. Invesco is not affiliated with Guggenheim.

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.

FTSE China Incl A 25% Technology Capped Index* performance prior to 6/21/2019 reflects that of the original Underlying Index, AlphaShares China Technology Index. From 6/21/2019 forward, performance reflects that of the Underlying Index, FTSE China Incl A 25% Technology Capped Index AND IS NOT INTENDED FOR ANY THIRD PARTY USE.

as of 04/03/2020

Sector Allocation

Sector Percent of Fund
Communication Services 47.06%
Information Technology 40.95%
Consumer Discretionary 9.85%
Industrials 0.82%
Financials 0.65%
Health Care 0.41%
Materials 0.14%
Real Estate 0.13%
as of 04/03/2020

Top Country Allocation

Country Percentage
China 100.00%

as of 04/03/2020 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
700 Tencent Holdings Ltd 10.75
3690 Meituan Dianping 9.79
BIDU Baidu Inc ADR 8.06
NTES NetEase Inc ADR 7.39
2382 Sunny Optical Technology Group Co Ltd 5.62
WUBA 58.com Inc ADR 4.16
ATHM Autohome Inc ADR 3.85
YY JOYY Inc ADR 3.35
268 Kingdee International Software Group Co Ltd 3.29
002415 C2 Hangzhou Hikvision Digital Technology Co Ltd 3.16

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
12/23/2019 12/24/2019 12/31/2019 0.00525 0.00525 - - - -
12/24/2018 12/26/2018 12/31/2018 0.16958 0.16958 - - - -
12/26/2017 12/27/2017 12/29/2017 0.85770 0.85770 - - - -
12/23/2016 12/28/2016 12/30/2016 0.59530 0.59530 - - - -
12/24/2015 12/29/2015 12/31/2015 0.63570 0.63570 - - - -
12/24/2014 12/29/2014 12/31/2014 0.34500 0.34500 - - - -
12/24/2013 12/27/2013 12/31/2013 0.27600 0.27600 - - - -
12/24/2012 12/27/2012 12/31/2012 0.42600 0.42600 - - - -
12/23/2011 12/28/2011 12/30/2011 0.56500 0.56500 - - - -
12/27/2010 12/29/2010 12/31/2010 0.13300 0.13300 - - - -

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 18 8 2 1 0 0
09/30/2019 64 14 2 1 1 1 0
06/30/2019 63 25 10 4 2 0 0
03/31/2019 61 17 9 7 0 0 0
Year Ended 2019 252 74 29 14 4 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%
12/31/2019 64 18 12 5 0 0 0
09/30/2019 64 19 14 8 3 0 1
06/30/2019 63 9 10 1 1 0 1
03/31/2019 61 15 10 3 0 0 0
Year Ended 2019 252 61 46 17 4 0 2

Fund Inception : 12/08/2009

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

Investing in securities of Chinese companies involves additional risks, including, but not limited to: the economy of China differs, often unfavorably, from the U.S. economy in such respects as structure, general development, government involvement, wealth distribution, rate of inflation, growth rate, allocation of resources and capital reinvestment, among others; the central government has historically exercised substantial control over virtually every sector of the Chinese economy through administrative regulation and/or state ownership; and actions of the Chinese central and local government authorities continue to have a substantial effect on economic conditions in China.

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.

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

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 MSCI China Index is an unmanaged index considered representative of Chinese stocks. The index is computed using the net return, which withholds applicable taxes for non-resident investors.

The AlphaSahres China Technology Index is designed to measure the performance of the investable universe of publicly-traded technology companies open to for investment which are based in mainland China, Hong Kong and Macau. The FTSE China Index represents the performance of large and mid cap Chinese stocks included in the FTSE Global Equity Index Series universe. The FTSE China A Stock Connect Index is designed to represent the performance of eligible securities in the FTSE China A Index.

The fund is not sponsored, endorsed, sold or promoted by AlphaShares, Inc. ("licensor"). Licensor makes no representation or warranty, express or implied, regarding the adivsability of investing in securities generally or in the fund particularly or the ability of the AlphaShares China Technology Index ("index") to track general market performance. Licensor's only relationship to Invesco Capital Management LLC ("licensee") is the licensing of the index which is determined, composed and calculated by licensor without regard to licensee or the fund. Licensor has no obligation to take the needs of the licensee or the shareholders of the fund into consideration in determining, composing or calculating the index. Licensor shall not be liable to any person for any error in the index nor shall it be under any obligation to advise any person of any error therein.

The Invesco China Technology 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 China Technology ETF. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from the Invesco China Technology ETF or the suitability of the Index for the purpose to which it is being put by Invesco Funds.

as of 04/03/2020
4:15 PM EST

CQQQ
Intraday Stats

  • Last Trade $48.32
  • Current IIV $48.56
  • Change -$0.77
  • % Change -1.57%
as of 04/03/2020
  • NAV at market close $48.56
as of 04/03/2020

Fund Yield

  • SEC 30 Day Yield -0.21%
  • Distribution Rate 0.01%
  • 12 Month Distribution Rate 0.01%
  • 30-Day SEC Unsubsidized Yield
    as of 04/03/2020
    -0.22%
as of 04/03/2020

Prior Close

  • Closing Price $49.09
  • Bid/Ask Midpoint $48.36
  • Bid/Ask Prem/Disc -$0.20
  • Bid/Ask Prem/Disc -0.41%
as of 12/31/2019

Fund Characteristics

  • Price/Earnings Ratio1 29.15
  • Forward Price/Earnings Ratio 25.07
  • Price/Book Ratio1 3.79
  • ROE2 17.27%
  • Avg Market Cap2 $116,177MM

1 Weighted Harmonic Average

2 Weighted Average

Source for Fund Characteristics calculations: FactSet

Fund Details

  • Fund Ticker CQQQ
  • CUSIP # 46138E800
  • ISIN US46138E8003
  • Intraday NAV CQQQIV
  • Index Ticker FCATCNR
  • Index Provider FTSE
  • Management Fee 0.70%
  • Total Expense Ratio 0.70%
  • Marginable No
  • Short Selling No
  • Options No
  • Exchange NYSE Arca
  • Inception Date 12/08/2009
  • # of Holdings 91
    as of 04/03/2020
as of 04/03/2020

Quick Facts

  • Previous Close $49.09
  • Open $49.05
  • Today's High $49.27
  • Today's Low $48.03
  • Today's Volume 50,774
  • 206,037 30-Day Avg Trading
    Volume
  • 52 Week High $59.00
  • 52 Week Low $40.24
  • Shares Outstanding 13.00MM
  • Market Value $631.3MM