PBSM - Invesco PureBeta℠ MSCI USA Small Cap ETFEquity - US Equity
The Invesco PureBeta℠ MSCI USA Small Cap ETF (the "Fund") is based on the MSCI USA Small Cap Index (the "index"). The fund will invest at least 90% of its total assets in securities that comprise the index. The index measures the performance of the small-capitalization segment of the US equity market and weights securities by their free float-adjusted market capitalization. The fund and the index are rebalanced and reconstituted quarterly on the last business day of February, May, August and November.
|Index History (%)|
|MSCI USA Small Cap Index||-11.14||-3.37||4.82||5.91||11.49||3.64|
|Fund History (%)|
|After Tax Held||-11.12||-4.09||N/A||N/A||N/A||2.49|
|After Tax Sold||-6.58||-2.05||N/A||N/A||N/A||2.34|
|Fund Market Price||-12.26||-5.11||N/A||N/A||N/A||2.88|
|Index History (%)|
|MSCI USA Small Cap Index||27.38||27.38||10.38||9.20||12.97||9.46|
|Fund History (%)|
|After Tax Held||26.26||26.26||N/A||N/A||N/A||8.08|
|After Tax Sold||15.91||15.91||N/A||N/A||N/A||6.65|
|Fund Market Price||26.65||26.65||N/A||N/A||N/A||9.20|
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.
Growth of $10,000
Data beginning Fund inception and ending 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 The results assume that no cash was added to or assets withdrawn from the Index.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.
|Sector||Percent of Fund|
Market Cap & Style Allocations
as of 04/03/2020 Top Holdings | View All
Fund Holdings subject to change
|Ticker||Company||% of Fund|
|TDOC||Teladoc Health Inc||0.49|
|CY||Cypress Semiconductor Corp||0.39|
|COUP||Coupa Software Inc||0.36|
|MOH||Molina Healthcare Inc||0.35|
|FICO||Fair Isaac Corp||0.35|
|CABO||Cable One Inc||0.34|
Risk & Other Information
The Global Industry Classification Standard was developed by and is the exclusive property and a service mark of MSCI, Inc. and Standard & Poor's.
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.
Stocks of small-capitalization companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquid or restricted as to resale than large companies.
The Invesco PureBeta℠ MSCI USA Small Cap ETF or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such the Invesco PureBeta℠ MSCI USA Small Cap ETF or securities are based. The Prospectus contains a more detailed description of the limited relationship MSCI has with Invesco and any related funds.
MSCI INC. ("MSCI") AND THE MSCI INDEX NAMES ARE SERVICE MARK(S) OF MSCI OR ITS AFFILIATES AND HAVE BEEN LICENSED FOR USE FOR CERTAIN PURPOSES BY THE ADVISER.
Beta is a measure of risk representing how a security is expected to respond to general market movements. PureBeta is a market-capitalization weighted methodology, and in no way refers to the purity or absence of errors or flaws in the Underlying Index's methodology or of the Fund in seeking to track the investment results of the Underlying Index.