ISEM - Invesco RAFI™ Strategic Emerging Markets ETF

Equity - International and Global Equity

Product Details

The Invesco RAFITM Strategic Emerging Markets ETF (the "Fund") is based on the Invesco Strategic Emerging Markets 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, large-sized emerging market companies. 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 11/30/2019 09/30/2019

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
Invesco Strategic Emerging Markets Index 8.32 3.19 N/A N/A N/A 2.99
MSCI Emerging Markets Index 10.20 7.28 9.01 3.12 3.33 5.33
Fund History (%)
Fund NAV 7.61 2.66 N/A N/A N/A 2.28
After Tax Held 6.70 1.66 N/A N/A N/A 1.47
After Tax Sold 4.51 1.63 N/A N/A N/A 1.42
Fund Market Price 8.77 2.53 N/A N/A N/A 2.34
  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
Invesco Strategic Emerging Markets Index 4.59 -6.08 N/A N/A N/A 0.08
MSCI Emerging Markets Index 5.89 -2.02 5.97 2.33 3.37 2.23
Fund History (%)
Fund NAV 3.99 -6.66 N/A N/A N/A -0.64
After Tax Held 3.12 -7.57 N/A N/A N/A -1.56
After Tax Sold 2.38 -3.88 N/A N/A N/A -0.82
Fund Market Price 4.78 -6.49 N/A N/A N/A -0.87

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 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
Energy 24.26%
Consumer Discretionary 13.23%
Financials 12.94%
Information Technology 12.85%
Materials 9.38%
Industrials 7.76%
Communication Services 7.20%
Consumer Staples 4.39%
Utilities 4.04%
Real Estate 2.81%
Health Care 1.14%
as of 12/13/2019

Top Country Allocation

Country Percentage
China 55.37%
Taiwan 12.75%
Brazil 9.08%
Russia 6.80%
Mexico 3.14%
India 2.87%
South Africa 2.27%
Thailand 1.30%
Malaysia 1.20%
Turkey 0.96%
as of 12/12/2019

Market Cap & Style Allocations

Large-Cap Value 45.14%
Large-Cap Blend 29.98%
Large-Cap Growth 11.15%
Mid-Cap Value 8.61%
Mid-Cap Blend 2.64%
Mid-Cap Growth 0.50%
Small-Cap Value 1.58%
Small-Cap Blend 0.21%
Small-Cap Growth 0.17%

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

Fund Holdings subject to change

Ticker Company % of Fund
BABA Alibaba Group Holding Ltd ADR 6.32
857 PetroChina Co Ltd 6.11
386 China Petroleum & Chemical Corp 4.58
2318 Ping An Insurance Group Co of China Ltd 3.24
2330 Taiwan Semiconductor Manufacturing Co Ltd 3.07
PETR4 Petroleo Brasileiro SA 2.54
GAZP RM Gazprom PJSC 2.47
JD JD.com Inc ADR 2.06
2317 Hon Hai Precision Industry Co Ltd 2.03
BBDC4 Banco Bradesco SA 1.96

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 0.25915 0.25915 - - -
06/24/2019 06/25/2019 06/28/2019 0.23453 0.23453 - - -
03/18/2019 03/19/2019 03/29/2019 0.03345 0.03345 - - -
12/24/2018 12/26/2018 12/31/2018 0.10954 0.10954 - - -

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 25 12 5 1 0 0
03/31/2019 61 16 15 13 1 0 0
12/31/2018 63 14 11 12 3 1 0
09/30/2018 13 3 3 2 1 0 1
Year Ended 2018 76 17 14 14 4 1 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 11 5 5 0 0 0
03/31/2019 61 11 2 3 0 0 0
12/31/2018 63 9 5 7 1 0 0
09/30/2018 13 2 1 0 0 0 0
Year Ended 2018 76 11 6 7 1 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 industry or sector are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

ADRs and GDRs may be subject to certain of the risks associated with direct investments in the securities of foreign companies, such as currency, political, economic and market risks, because their values depend on the performance of the non-dollar denominated underlying foreign securities.

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.

Investments that derive a majority of their revenues from China are likely to be more volatile than other issuers. China's economy differs, often unfavorably, from the U.S. Historically, the Chinese government has exercised substantial control over virtually every sector of its economy through administrative regulation and/or state ownership; resulting in a substantial effect on its economy. Non-Chinese investors have difficulty access securities in China directly due to investment and trading restrictions, which may impact the availability, liquidity, and pricing of certain 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.

Financial information related to foreign securities may be less reliable. Market quotations may not be readily available for some securities, and those securities may be fair valued which may be different than if the security had been valued using market quotations. There is no assurance that the Fund could sell a security for the value established for it at any time.

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 Emerging Markets 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 12/13/2019
4:15 PM EST

ISEM
Intraday Stats

  • Last Trade $26.13
  • Current IIV $26.21
  • Change $0.18
  • % Change 0.69%
as of 12/13/2019
  • NAV at market close $26.21
as of 12/13/2019

Prior Close

  • Closing Price $25.95
  • Bid/Ask Midpoint $26.13
  • Bid/Ask Prem/Disc -$0.08
  • Bid/Ask Prem/Disc -0.31%

Fund Details

  • Fund Ticker ISEM
  • CUSIP # 46138J692
  • ISIN US46138J6929
  • Intraday NAV ISEMIV
  • Index Ticker IISEN
  • 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 377
    as of 12/13/2019
as of 12/13/2019

Quick Facts

  • Previous Close $25.95
  • Open $26.20
  • Today's High $26.20
  • Today's Low $26.13
  • Today's Volume 854
  • 1,454 30-Day Avg Trading
    Volume
  • 52 Week High $27.22
  • 52 Week Low $23.33
  • Shares Outstanding 1.05MM
  • Market Value $27.5MM