ISDS - Invesco RAFI™ Strategic Developed ex-US Small Company ETF

Equity - International and Global Equity

Product Details

The Invesco RAFITM Strategic Developed ex-US Small Company ETF (the "Fund") is based on the Invesco Strategic Developed ex-US Small Company 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, small-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. For real estate securities, operating cash flow is replaced by funds from operations and book value is replaced by 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 12/31/2019 12/31/2019

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
Invesco Strategic Developed ex-US Small Company Index 19.15 19.15 N/A N/A N/A 2.16
MSCI EAFE Small Cap Index 24.96 24.96 10.92 8.85 8.74 4.99
Fund History (%)
Fund NAV 18.66 18.66 N/A N/A N/A 2.14
After Tax Held 17.87 17.87 N/A N/A N/A 1.48
After Tax Sold 11.02 11.02 N/A N/A N/A 1.37
Fund Market Price 18.56 18.56 N/A N/A N/A 1.58
  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
Invesco Strategic Developed ex-US Small Company Index 19.15 19.15 N/A N/A N/A 2.16
MSCI EAFE Small Cap Index 24.96 24.96 10.92 8.85 8.74 4.99
Fund History (%)
Fund NAV 18.66 18.66 N/A N/A N/A 2.14
After Tax Held 17.87 17.87 N/A N/A N/A 1.48
After Tax Sold 11.02 11.02 N/A N/A N/A 1.37
Fund Market Price 18.56 18.56 N/A N/A N/A 1.58

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 01/23/2020

Sector Allocation

Sector Percent of Fund
Industrials 26.34%
Consumer Discretionary 20.38%
Materials 12.52%
Information Technology 11.81%
Consumer Staples 8.07%
Health Care 6.10%
Communication Services 4.82%
Energy 4.09%
Financials 3.06%
Utilities 1.41%
Real Estate 1.39%
as of 01/23/2020

Top Country Allocation

Country Percentage
Japan 37.67%
United Kingdom 10.33%
South Korea 8.65%
Canada 6.07%
Australia 5.44%
Germany 4.04%
Switzerland 3.67%
Sweden 3.46%
France 3.41%
Netherlands 1.90%
as of 01/20/2020

Market Cap & Style Allocations

Large-Cap Value 0.31%
Large-Cap Blend 2.08%
Large-Cap Growth 3.74%
Mid-Cap Value 12.41%
Mid-Cap Blend 11.76%
Mid-Cap Growth 16.01%
Small-Cap Value 29.11%
Small-Cap Blend 17.74%
Small-Cap Growth 6.84%

as of 01/23/2020 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
VTY LN Vistry Group PLC 0.40
6857 Advantest Corp 0.29
6952 Casio Computer Co Ltd 0.28
INXN InterXion Holding NV 0.27
HOLMB SS Holmen AB 0.26
8036 Hitachi High-Technologies Corp 0.26
VIFN SW Vifor Pharma AG 0.25
011070 KS LG Innotek Co Ltd 0.24
4217 Hitachi Chemical Co Ltd 0.24
3626 TIS Inc 0.24

Distributions | HideView All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
12/23/2019 12/24/2019 12/31/2019 0.12246 0.12246 - - -
09/23/2019 09/24/2019 09/30/2019 0.13222 0.13222 - - -
06/24/2019 06/25/2019 06/28/2019 0.09761 0.09761 - - -
03/18/2019 03/19/2019 03/29/2019 0.03711 0.03711 - - -
12/24/2018 12/26/2018 12/31/2018 0.15283 0.15283 - - -

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 22 18 10 1 0 1
09/30/2019 64 20 11 4 0 0 0
06/30/2019 63 19 17 3 0 0 0
03/31/2019 61 17 16 5 0 0 0
Year Ended 2019 252 78 62 22 1 0 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%
12/31/2019 64 8 3 1 0 0 0
09/30/2019 64 15 7 5 2 0 0
06/30/2019 63 9 11 3 1 0 0
03/31/2019 61 14 5 4 0 0 0
Year Ended 2019 252 46 26 13 3 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 sector, such as industrials, 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 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 Japanese economy has been adversely affected by trade tariffs and competition from emerging economies, and has experienced the effects of the economic slowdown in the United States and Europe. Japan's economy also faces several other concerns, including a financial system with large levels of nonperforming loans, over-leveraged corporate balance sheets, a changing corporate governance structure and large government deficits, which may cause a continued slowdown.

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 Small Company 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 01/13/2020
12:00 AM EST

ISDS
Intraday Stats

  • Last Trade $24.85
  • Current IIV $24.61
  • Change $0.00
  • % Change 0.00%
as of 01/23/2020
  • NAV at market close $24.59
as of 01/13/2020

Prior Close

  • Closing Price $24.85
  • Bid/Ask Midpoint $24.56
  • Bid/Ask Prem/Disc -$0.03
  • Bid/Ask Prem/Disc -0.12%

Fund Details

  • Fund Ticker ISDS
  • CUSIP # 46138J718
  • ISIN US46138J7182
  • Intraday NAV ISDSIV
  • Index Ticker IISXN
  • Index Provider Invesco Indexing LLC
  • Management Fee 0.35%
  • Total Expense Ratio 0.35%
  • Marginable Yes
  • Short Selling Yes
  • Options No
  • Exchange NASDAQ
  • Inception Date 09/12/2018
  • # of Holdings 979
    as of 01/23/2020
as of 01/13/2020

Quick Facts

  • Previous Close $24.85
  • Open $0.00
  • Today's High $0.00
  • Today's Low $0.00
  • Today's Volume 609
  • 458 30-Day Avg Trading
    Volume
  • 52 Week High $24.90
  • 52 Week Low $21.55
  • Shares Outstanding .65MM
  • Market Value $16.0MM