PGJ - Invesco Golden Dragon China ETFEquity - International and Global Equity
The Invesco Golden Dragon China ETF (Fund) is based on the NASDAQ Golden Dragon China Index (Index). The Fund generally will invest at least 90% of its total assets in equity securities of companies deriving a majority of their revenues from the People’s Republic of China and that comprise the Underlying Index. The Underlying Index is composed of US exchange-listed companies that are headquartered or incorporated in the People’s Republic of China. The Fund and the Index are rebalanced and reconstituted quarterly.
|Index History (%)|
|NASDAQ Golden Dragon China Index||25.39||14.18||9.93||6.48||6.76||8.57|
|FTSE China 50 Index||5.45||1.29||6.81||3.61||2.78||8.64|
|Fund History (%)|
|After Tax Held||24.87||13.66||9.00||5.74||6.07||7.85|
|After Tax Sold||14.78||8.14||7.22||4.65||5.07||6.75|
|Fund Market Price||25.10||13.78||9.40||6.06||6.34||8.05|
|Index History (%)|
|NASDAQ Golden Dragon China Index||13.57||-6.92||4.36||4.95||6.16||7.95|
|FTSE China 50 Index||3.43||-3.76||6.03||4.67||3.24||8.60|
|Fund History (%)|
|After Tax Held||13.19||-7.35||3.49||4.24||5.47||7.23|
|After Tax Sold||7.86||-4.30||2.91||3.46||4.58||6.20|
|Fund Market Price||13.69||-7.33||3.93||4.57||5.77||7.45|
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 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 The results assume that no cash was added to or assets withdrawn from the Index.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.
|Sector||Percent of Fund|
as of 12/13/2019 Top Holdings | View All
Fund Holdings subject to change
|Ticker||Company||% of Fund|
|NTES||NetEase Inc ADR||8.67|
|BABA||Alibaba Group Holding Ltd ADR||8.52|
|BIDU||Baidu Inc ADR||8.30|
|JD||JD.com Inc ADR||8.11|
|EDU||New Oriental Education & Technology Group Inc ADR||7.78|
|TAL||TAL Education Group ADR||4.65|
|PDD||Pinduoduo Inc ADR||4.05|
|ZTO||ZTO Express Cayman Inc ADR||3.83|
|TCOM||Trip.com Group Ltd ADR||3.80|
|WUBA||58.com Inc ADR||3.42|
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.
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.
The risks of investing in securities of foreign issuers can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues.
Investments focused in a particular sectors, such as consumer discretionary and communication services, are subject to greater risk, and are more greatly impacted by market volatility, than more 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 Fund is non-diversified and may experience greater volatility than a more diversified investment.
The FTSE/Xinhua China 25 Index is an unmanaged index considered representative of Chinese blue chip stocks.
The Global Industry Classification Standard was developed by and is the exclusive property and a service mark of MSCI, Inc. and Standard & Poor's.
"NASDAQ®" is a registered trademark and is used under license. The Product is not sponsored, endorsed, sold or promoted by the NASDAQ OMX Group, Inc. or its affiliates. NASDAQ OMX Group, Inc. is not affiliated with the Trust, the Adviser or the Distributor. The Adviser has entered into a license agreement with NASDAQ OMX Group, Inc. to use the Underlying Index. The Product is entitled to use its Underlying Index pursuant to a sub-licensing arrangement with the Adviser.