PBTP - Invesco PureBeta℠ 0-5 Yr US TIPS ETF

Fixed Income - US Fixed Income
Expanded market exposure to leading benchmarks

Product Details

The Invesco PureBeta℠ 0-5 Yr US TIPS ETF (the "fund") is based on the ICE BofAML 0-5 Year US Inflation-Linked Treasury Index℠ (the "index"). The fund will invest at least 80% of its total assets in securities that comprise the index. The index measures the performance of US Treasury Inflation-Protected Securities (TIPS) with a remaining maturity of at least one month and less than five years. The fund and the index are rebalanced monthly on the last calendar day.

as of 11/30/2019 09/30/2019

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
ICE BofAML 0-5 Year US Inflation-Linked Treasury Index 4.15 4.31 1.96 1.43 1.57 2.19
Fund History (%)
Fund NAV 3.96 4.12 N/A N/A N/A 2.07
After Tax Held 3.26 3.29 N/A N/A N/A 1.18
After Tax Sold 2.34 2.43 N/A N/A N/A 1.19
Fund Market Price 3.99 4.20 N/A N/A N/A 2.13
  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
ICE BofAML 0-5 Year US Inflation-Linked Treasury Index 3.70 3.46 1.65 1.30 1.77 2.15
Fund History (%)
Fund NAV 3.54 3.28 N/A N/A N/A 2.04
After Tax Held 2.85 2.45 N/A N/A N/A 1.07
After Tax Sold 2.09 1.93 N/A N/A N/A 1.14
Fund Market Price 3.53 3.32 N/A N/A N/A 2.08

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 Fund inception and ending 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 The results assume that no cash was added to or assets withdrawn from the Index.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 01/15/2019

Market Cap & Style Allocations

Large-Cap Value -
Large-Cap Blend -
Large-Cap Growth -
Mid-Cap Value -
Mid-Cap Blend -
Mid-Cap Growth -
Small-Cap Value -
Small-Cap Blend 100.00%
Small-Cap Growth -

Quality Allocations as of 12/09/2019

S&P Moody's
AAA : 0% Aaa : 100%
AA : 100% Aa : 0%

Cash is excluded from the credit rating quality allocations table.

as of 12/09/2019

Maturity

Years % of Fund
0 - 1 years 17.25
1 - 5 years 82.75
5 - 10 years 0.00
10 - 15 years 0.00
15 - 20 years 0.00
20 - 25 years 0.00
25 years and over 0.00

as of 12/09/2019 Top Fixed-Income Holdings | View All

Holding Name Coupon Rate Maturity Date S&P / Moody's Rating† Weight
United States Treasury Inflation Indexed Bonds 0.12% 04/15/2020 AA+u/Aaa 8.16%
United States Treasury Inflation Indexed Bonds 0.62% 04/15/2023 AA+u/Aaa 7.33%
United States Treasury Inflation Indexed Bonds 0.12% 04/15/2021 AA+u/Aaa 7.22%
United States Treasury Inflation Indexed Bonds 0.12% 04/15/2022 AA+u/Aaa 6.97%
United States Treasury Inflation Indexed Bonds 0.12% 01/15/2022 AA+u/Aaa 6.96%
United States Treasury Inflation Indexed Bonds 0.62% 01/15/2024 AA+u/Aaa 6.84%
United States Treasury Inflation Indexed Bonds 0.12% 07/15/2022 AA+u/Aaa 6.83%
United States Treasury Inflation Indexed Bonds 0.38% 07/15/2023 AA+u/Aaa 6.81%
United States Treasury Inflation Indexed Bonds 0.12% 01/15/2023 AA+u/Aaa 6.77%
United States Treasury Inflation Indexed Bonds 0.12% 07/15/2024 AA+u/Aaa 6.62%

Holdings are subject to change and are not buy/sell recommendations.

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 0.11826 0.11826 - - -
06/24/2019 06/25/2019 06/28/2019 0.29326 0.29326 - - -
12/24/2018 12/26/2018 12/31/2018 0.07780 0.07780 - - -
10/22/2018 10/23/2018 10/31/2018 - - - - -
09/24/2018 09/25/2018 09/28/2018 0.20002 0.20002 - - -
06/18/2018 06/19/2018 06/29/2018 0.29110 0.29110 - - -
12/18/2017 12/19/2017 12/29/2017 0.18047 0.18047 - - -

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 64 0 0 0 0 0
03/31/2019 61 60 0 0 0 0 0
12/31/2018 63 59 0 0 0 0 0
09/30/2018 63 57 0 0 0 0 0
Year Ended 2018 251 207 0 0 0 0 0
    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 0 0 0 0 0 0
03/31/2019 61 1 0 0 0 0 0
12/31/2018 63 4 0 0 0 0 0
09/30/2018 63 6 0 0 0 0 0
Year Ended 2018 251 42 2 0 0 0 0

Fund Inception : 09/22/2017

 Risk & Other Information

† Credit ratings are assigned by Nationally Recognized Statistical Rating Organizations based on assessment of the credit worthiness of the underlying bond issuers. The ratings range from AAA (highest) to D (lowest) and are subject to change. Not rated indicates the debtor was not rated, and should not be interpreted as indicating low quality. Futures and other derivatives are not eligible for assigned credit ratings by any NRSRO and are excluded from quality allocations. For more information on rating methodologies, please visit the following NRSRO websites: standardandpoors.com and select "Understanding Ratings" under Rating Resources and moodys.com and select "Rating Methodologies" under Research and Ratings.

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.

Interest rate risk refers to the risk that bond prices generally fall as interest rates rise and vice versa.

An issuer may be unable to meet interest and/or principal payments, thereby causing its instruments to decrease in value and lowering the issuer's credit rating.

The Fund will invest in bonds with short- or intermediate-term (five years or less) maturity which may have additional risks, including interest rate changes over the life of the bond. The average maturity of the Fund's investments will affect the volatility of the Fund's share price.

Obligations issued by US Government agencies and instrumentalities may receive varying levels of support from the government, which could affect the fund's ability to recover should they default.

The Fund is non-diversified and may experience greater volatility than a more diversified investment. The Fund's use of a representative sampling approach will result in its holding a smaller number of securities than are in the underlying Index, and may be subject to greater volatility.

The value of inflation-linked securities will fluctuate in response to changes in real interest rates, generally decreasing when real interest rates rise and increasing when real interest rates fall. Interest payments on such securities generally vary up or down along with the rate of inflation. Real interest rates represent nominal (or stated) interest rates reduced by the expected impact of inflation.

"ICE BofAML" and "The ICE BofAML 0-5 Year Inflation-Linked Treasury Index℠" are reprinted with permission. © Copyright 2017 Merrill Lynch, Pierce, Fenner & Smith Incorporated ("ICE BofAML"). All rights reserved. "ICE BofAML" and "The ICE BofAML 0-5 Year Inflation-Linked Treasury Index℠" are service marks of ICE BofAML and/or its affiliates and have been licensed for use for certain purposes by Invesco on behalf of the Invesco PureBeta℠ 0-5 Yr TIPS ETF that is based on The ICE BofAML 0-5 Year Inflation-Linked Treasury Index℠, and is not issued, sponsored, endorsed or promoted by ICE BofAML and/or ICE BofAML's affiliates nor is ICE BofAML and/or ICE BofAML's affiliates an adviser to the Invesco PureBeta℠ 0-5 Yr TIPS ETF. ICE BofAML and ICE BofAML's affiliates make no representation, express or implied, regarding the advisability of investing in the Invesco PureBeta℠ 0-5 Yr TIPS ETF or The ICE BofAML 0-5 Year Inflation-Linked Treasury Index℠ and do not guarantee the quality, accuracy or completeness of The ICE BofAML 0-5 Year Inflation-Linked Treasury Index℠, index values or any index related data included herein, provided herewith or derived therefrom and assume no liability in connection with their use. As the index provider, ICE BofAML is licensing certain trademarks, The ICE BofAML 0-5 Year Inflation-Linked Treasury Index℠ and trade names which are composed by ICE BofAML without regard to Invesco, the Invesco PureBeta℠ 0-5 Yr TIPS ETF or any investor. ICE BofAML and ICE BofAML's affiliates do not provide investment advice to Invesco or the Invesco PureBeta℠ 0-5 Yr TIPS ETF and are not responsible for the performance of the Invesco PureBeta℠ 0-5 Yr TIPS ETF.

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.

as of 12/10/2019
4:15 PM EST

PBTP
Intraday Stats

  • Last Trade $24.98
  • Current IIV $24.93
  • Change -$0.01
  • % Change -0.04%
as of 12/09/2019
  • NAV at market close $24.97
as of 12/09/2019

Prior Close

  • Closing Price $24.99
  • Bid/Ask Midpoint $24.99
  • Bid/Ask Prem/Disc $0.02
  • Bid/Ask Prem/Disc 0.08%
as of 12/06/2019

Fund Characteristics

  • Effective Duration 2.23 yrs
  • Yield to Maturity 0.23%
  • Yield to Worst 0.36%
  • Years to Maturity 2.26
  • Weighted Avg Coupon 0.40%
  • Weighted Avg Price
    as of 12/09/2019
    100.38
  • Strip Yield 0.43%

Fund Details

  • Fund Ticker PBTP
  • CUSIP # 46138E495
  • ISIN US46138E4952
  • Intraday NAV PBTPIV
  • Index Ticker GUQI
  • Index Provider ICE BofAML
  • Management Fee 0.07%
  • Total Expense Ratio 0.07%
  • Marginable Yes
  • Short Selling Yes
  • Options No
  • Exchange Cboe BZX Exchange, Inc.
  • Inception Date 09/22/2017
  • # of Holdings 16
    as of 12/09/2019
as of 12/10/2019

Quick Facts

  • Previous Close $24.99
  • Open $24.98
  • Today's High $24.98
  • Today's Low $24.98
  • Today's Volume 2
  • 4,126 30-Day Avg Trading
    Volume
  • 52 Week High $25.23
  • 52 Week Low $24.26
  • Shares Outstanding .40MM
  • Market Value $10.0MM