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 03/31/2020 03/31/2020


  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
Invesco Strategic Emerging Markets Index -25.60 -21.59 N/A N/A N/A -11.22
MSCI Emerging Markets Index -23.60 -17.69 -1.62 -0.37 0.68 -8.29
Fund History (%)
Fund NAV -26.02 -22.49 N/A N/A N/A -11.99
After Tax Held -26.06 -22.89 N/A N/A N/A -12.37
After Tax Sold -15.40 -12.81 N/A N/A N/A -8.92
Fund Market Price -26.49 -22.84 N/A N/A N/A -12.32
  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
Invesco Strategic Emerging Markets Index -25.60 -21.59 N/A N/A N/A -11.22
MSCI Emerging Markets Index -23.60 -17.69 -1.62 -0.37 0.68 -8.29
Fund History (%)
Fund NAV -26.02 -22.49 N/A N/A N/A -11.99
After Tax Held -26.06 -22.89 N/A N/A N/A -12.37
After Tax Sold -15.40 -12.81 N/A N/A N/A -8.92
Fund Market Price -26.49 -22.84 N/A N/A N/A -12.32

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 03/31/2020

Growth of $10,000

Data beginning Fund inception and ending 03/31/2020. 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 04/08/2020

Sector Allocation

Sector Percent of Fund
Energy 22.62%
Consumer Discretionary 15.26%
Information Technology 13.55%
Financials 11.84%
Materials 8.45%
Industrials 8.21%
Communication Services 8.06%
Consumer Staples 3.98%
Utilities 3.72%
Real Estate 3.08%
Health Care 1.22%
as of 04/08/2020

Top Country Allocation

Country Percentage
China 61.22%
Taiwan 13.69%
Brazil 5.97%
Russia 5.96%
India 2.49%
Mexico 2.45%
South Africa 1.61%
Malaysia 1.23%
Thailand 1.18%
Turkey 0.88%
as of 04/08/2020

Market Cap & Style Allocations

Large-Cap Value 34.96%
Large-Cap Blend 38.31%
Large-Cap Growth 11.90%
Mid-Cap Value 9.58%
Mid-Cap Blend 2.24%
Mid-Cap Growth 0.27%
Small-Cap Value 2.25%
Small-Cap Blend 0.29%
Small-Cap Growth 0.20%

as of 04/08/2020 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
BABA Alibaba Group Holding Ltd ADR 7.67
857 PetroChina Co Ltd 6.06
386 China Petroleum & Chemical Corp 5.14
2318 Ping An Insurance Group Co of China Ltd 3.42
2330 Taiwan Semiconductor Manufacturing Co Ltd 3.26
JD Inc ADR 3.17
2317 Hon Hai Precision Industry Co Ltd 2.14
1088 China Shenhua Energy Co Ltd 2.06
GAZP RM Gazprom PJSC 2.03
941 China Mobile Ltd 1.72

Distributions | HideView All | Distribution Information

Ex-Date Record Date Pay Date $/
Ordinary Income Short Term Gains Long Term Gains Return of Capital Liquidation Distribution
03/23/2020 03/24/2020 03/31/2020 0.02678 0.02678 - - - -
12/23/2019 12/24/2019 12/31/2019 0.07958 0.07958 - - - -
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
Days 0.00-
03/31/2020 62 14 8 11 3 0 0
12/31/2019 64 23 21 4 0 0 0
09/30/2019 64 25 12 5 1 0 0
06/30/2019 63 22 10 7 1 1 0
Year Ended 2019 252 86 58 29 3 1 0
    Bid/Ask Midpoint Below NAV
Days 0.00-
03/31/2020 62 11 6 6 1 0 2
12/31/2019 64 10 6 0 0 0 0
09/30/2019 64 11 5 5 0 0 0
06/30/2019 63 12 8 1 0 1 0
Year Ended 2019 252 44 21 9 0 1 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 Funds 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.

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, 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. Chinas 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 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 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.

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 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 04/08/2020
1:01 PM EST

Intraday Stats

  • Last Trade $20.67
  • Current IIV $20.57
  • Change $0.00
  • % Change 0.00%
as of 04/08/2020
  • NAV at market close $20.63
as of 04/08/2020

Prior Close

  • Closing Price $20.67
  • Bid/Ask Midpoint $0.00
  • Bid/Ask Prem/Disc -
  • Bid/Ask Prem/Disc -

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 372
    as of 04/08/2020
as of 04/08/2020

Quick Facts

  • Previous Close $20.67
  • Open $20.64
  • Today's High $20.69
  • Today's Low $20.62
  • Today's Volume 2,973
  • 5,377 30-Day Avg Trading
  • 52 Week High $27.75
  • 52 Week Low $17.66
  • Shares Outstanding 1.05MM
  • Market Value $21.7MM