FRN - Invesco Frontier Markets ETF

Equity - International and Global Equity
The Fund's final day of trading will occur on Friday, February 14, 2020. After market close on that date the Fund will no longer trade on an Exchange and will be subsequently delisted. The final distribution to shareholders of the Fund is expected to occur on or about February 26, 2020. Please see the Fund's prospectus for further information.

Product Details

The Invesco Frontier Markets ETF (the "Fund") is based on the S&P/BNY Mellon New Frontier Index (the "Index"). The Fund will invest at least 90% of its total assets in American depositary receipts (ADRs), global depositary receipts (GDRs) and local securities that comprise the Index or in the securities underlying such ADRs and GDRs. The Index is composed of all liquid American depositary receipts (ADRs), global depositary receipts (GDRs) and equity securities of issuers in Frontier Market countries. The index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are rebalanced quarterly.

Effective Monday, April 1, 2019, the Fund's index provider and underlying index name 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 (%)
S&P/BNY Mellon New Frontier Index 18.77 12.18 12.63 3.77 1.71 -0.78
MSCI Emerging Markets Index 10.20 7.28 9.01 3.12 3.33 1.76
Fund History (%)
Fund NAV 17.56 10.91 10.55 1.60 0.43 -2.03
After Tax Held 17.56 10.79 9.33 0.50 -0.63 -2.95
After Tax Sold 10.40 7.08 7.71 0.74 -0.08 -1.84
Fund Market Price 19.72 11.08 10.96 1.95 0.38 -1.95
  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
S&P/BNY Mellon New Frontier Index 13.88 6.30 10.53 1.17 1.55 -1.16
MSCI Emerging Markets Index 5.89 -2.02 5.97 2.33 3.37 1.43
Fund History (%)
Fund NAV 12.83 4.78 8.46 -0.93 0.30 -2.41
After Tax Held 12.83 4.66 7.26 -2.00 -0.76 -3.35
After Tax Sold 7.59 3.44 6.09 -1.15 -0.16 -2.10
Fund Market Price 12.62 3.03 8.35 -1.06 0.03 -2.51

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 April 6, 2018, the returns presented reflect performance of the Guggenheim predecessor fund. Invesco is not affiliated with Guggenheim.

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.

as of 12/13/2019

Sector Allocation

Sector Percent of Fund
Financials 39.78%
Materials 12.76%
Consumer Discretionary 10.77%
Communication Services 10.58%
Industrials 9.42%
Energy 5.89%
Consumer Staples 5.54%
Real Estate 4.50%
Utilities 0.76%
as of 12/13/2019

Top Country Allocation

Country Percentage
Nigeria 13.96%
Argentina 13.96%
Kenya 11.16%
Romania 9.85%
Morocco 9.83%
Panama 9.79%
Kazakhstan 9.53%
Vietnam 9.00%
Oman 8.29%
Bahrain 3.65%
as of 12/12/2019

Market Cap & Style Allocations

Large-Cap Value -
Large-Cap Blend 3.45%
Large-Cap Growth 15.81%
Mid-Cap Value 22.36%
Mid-Cap Blend 29.56%
Mid-Cap Growth 3.46%
Small-Cap Value 13.74%
Small-Cap Blend 10.46%
Small-Cap Growth 1.15%

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

Fund Holdings subject to change

Ticker Company % of Fund
MELI MercadoLibre Inc 9.79
KAZ LN KAZ Minerals PLC 9.53
BKMB Bank Muscat SAOG 8.29
CPA Copa Holdings SA 8.11
SAFCOM Safaricom PLC 5.60
TLV Banca Transilvania SA 4.54
GUARANTY N Guaranty Trust Bank PLC 4.22
GFH UH GFH FINANCIAL GROUP BSC 3.65
ATW Attijariwafa Bank 3.47
EQBNK Equity Group Holdings PLC/Kenya 3.14

Distributions | HideView All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
12/24/2018 12/26/2018 12/31/2018 0.23710 0.23710 - - -
12/26/2017 12/27/2017 12/29/2017 0.53870 0.53870 - - -
12/23/2016 12/28/2016 12/30/2016 0.47020 0.47020 - - -
12/24/2015 12/29/2015 12/31/2015 0.20290 0.20290 - - -
12/24/2014 12/29/2014 12/31/2014 0.43100 0.43100 - - -
12/24/2013 12/27/2013 12/31/2013 0.64700 0.64700 - - -
12/24/2012 12/27/2012 12/31/2012 0.60700 0.60700 - - -
12/23/2011 12/28/2011 12/30/2011 0.82400 0.82400 - - -
12/27/2010 12/29/2010 12/31/2010 0.12600 0.12600 - - -
12/24/2009 12/29/2009 12/31/2009 0.38300 0.38300 - - -
12/24/2008 12/29/2008 12/31/2008 0.08900 0.08900 - - -

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 8 0 0 0 0 0
03/31/2019 61 15 9 5 0 0 0
12/31/2018 63 8 8 16 1 0 0
09/30/2018 63 2 3 4 0 0 0
Year Ended 2018 251 18 19 47 29 9 1
    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 19 24 9 4 0 0
03/31/2019 61 19 4 9 0 0 0
12/31/2018 63 5 15 8 2 0 0
09/30/2018 63 5 10 35 4 0 0
Year Ended 2018 251 17 32 61 13 3 2

Fund Inception : 06/12/2008

 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.

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

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.

Stocks of micro-cap companies tend to involve substantially greater risks of loss and price fluctuations than more established companies.

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.

Frontier market countries are emerging market countries. Frontier countries generally have smaller economies or less developed capital markets than traditional emerging markets, and, as a result, the risks of investing in emerging market countries are magnified in frontier countries. Frontier markets often have less uniformity in accounting and reporting requirements, unreliable securities valuation and greater risk associated with custody of securities. Economic, political, liquidity and currency risks may be more pronounced with respect to investments in frontier markets than in emerging markets.

Because the Fund may invest in other investment companies, it's subject to the risks associated with the investment company and its investment performance may depend on the underlying investment company's performance. Moreover, the Fund and its shareholders will incur its pro rata share of the underlying investment companies’ expenses, which will reduce the Fund’s performance, and the purchase of shares of some investment companies.

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 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 fund and its shares are not sponsored, endorsed, sold, recommended or promoted by BNY Mellon or any of its subsidiaries or affiliates. None of the BNY Mellon or any of its subsidiaries or affiliates make any representation or warranty, express or implied, to the shareholders of the fund or any member of the public regarding the advisability of investing in securities generally or in the fund particularly, the ability of any data supplied by BNY Mellon to track general stock market performance or the suitability or appropriateness of the fund for the shareholdersor members of the public BNY Mellon’s only relationship to the investment advisor is the licensing of certain trademarks and trade names of BNY Mellon and of the data supplied by BNY Mellon, which is determined composed and calculated by BNY Mellon without regard to the investment advisor, fund or its shares. Neither BNY Mellon nor any of its subsidiaries or affiliates has any obligation to take the needs of the investment advisor or the shareholders of the fund into consideration in determining, composing or calculating the data supplied by BNY Mellon. BNY Mellon and any of its subsidiaries or affiliates are not responsible for and have not participated in the determination of the timing of, prices at, or quantities of the shares to be issued or in the determination or calculation of the equation by which the products are to be converted to cash, prices of the shares of the fund or the timing of the issuance or sale of such shares. BNY Mellon has no obligation or liability in connection with the administration, marketing or trading of the fund or its shares.

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

FRN
Intraday Stats

  • Last Trade $14.69
  • Current IIV $14.56
  • Change -$0.01
  • % Change -0.03%
as of 12/13/2019
  • NAV at market close $14.57
as of 12/13/2019

Fund Yield

  • SEC 30 Day Yield 3.52%
  • Distribution Rate 1.63%
  • 12 Month Distribution Rate 1.63%
  • 30-Day SEC Unsubsidized Yield
    as of 12/13/2019
    3.50%
as of 12/13/2019

Prior Close

  • Closing Price $14.69
  • Bid/Ask Midpoint $14.69
  • Bid/Ask Prem/Disc $0.12
  • Bid/Ask Prem/Disc 0.82%
as of 09/30/2019

Fund Characteristics

  • Price/Earnings Ratio1 10.50
  • Forward Price/Earnings Ratio 9.68
  • Price/Book Ratio1 1.78
  • ROE2 21.20%
  • Avg Market Cap2 $8,127MM

1 Weighted Harmonic Average

2 Weighted Average

Source for Fund Characteristics calculations: FactSet

Fund Details

  • Fund Ticker FRN
  • CUSIP # 46138E776
  • ISIN US46138E7765
  • Intraday NAV FRNIV
  • Index Ticker BKNFRR
  • Index Provider S&P Dow Jones Indices LLC
  • Management Fee 0.50%
  • Total Expense Ratio 0.96%
  • Fee Waiver 0.26%
  • Net Expense Ratio 0.70%
  • Marginable No
  • Short Selling No
  • Options No
  • Exchange NYSE Arca
  • Inception Date 06/12/2008
  • # of Holdings 54
    as of 12/13/2019
as of 12/13/2019

Quick Facts

  • Previous Close $14.69
  • Open $14.69
  • Today's High $14.76
  • Today's Low $14.65
  • Today's Volume 12,367
  • 23,842 30-Day Avg Trading
    Volume
  • 52 Week High $14.80
  • 52 Week Low $11.94
  • Shares Outstanding 4.34MM
  • Market Value $63.2MM