REFA - Invesco International Revenue ETFEquity - International and Global Equity
The Invesco International Revenue ETF (the “Fund”) is based on the OFI Revenue Weighted International Index (the “Index”). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index is constructed using a rules-based approach that re-weights developed market securities, excluding the US and Canada, of the MSCI EAFE Index according to the revenue earned by the companies, with a maximum 5% per company weighting. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and Index are rebalanced quarterly.
|Index History (%)|
|OFI Revenue Weighted International Index||-3.72||4.64||N/A||N/A||N/A||2.88|
|MSCI EAFE Index||-2.09||12.10||7.76||5.12||5.76||5.06|
|Fund History (%)|
|After Tax Held||-3.79||3.59||N/A||N/A||N/A||2.09|
|After Tax Sold||-2.25||3.24||N/A||N/A||N/A||2.15|
|Fund Market Price||-4.43||3.03||N/A||N/A||N/A||2.11|
|Index History (%)|
|OFI Revenue Weighted International Index||16.70||16.70||N/A||N/A||N/A||4.58|
|MSCI EAFE Index||22.01||22.01||9.56||5.67||5.50||6.13|
|Fund History (%)|
|After Tax Held||14.70||14.70||N/A||N/A||N/A||3.44|
|After Tax Sold||9.55||9.55||N/A||N/A||N/A||3.13|
|Fund Market Price||16.20||16.20||N/A||N/A||N/A||4.07|
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 the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund.
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|
Top Country Allocation
Market Cap & Style Allocations
as of 02/12/2020 Top Holdings | View All
Fund Holdings subject to change
|Ticker||Company||% of Fund|
|7203||Toyota Motor Corp||1.99|
|BP/ LN||BP PLC||1.73|
|GLEN LN||Glencore PLC||1.36|
|RDSA LN||Royal Dutch Shell PLC||1.13|
|FP FP||TOTAL SA||1.06|
|RDSB LN||Royal Dutch Shell PLC||0.99|
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 focused in a particular sector, such as consumer discretionary, financial services and industrials, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.
Securities that pay dividends as a group can fall out of favor with the market, causing such companies to underperform companies that do not pay dividends. Also changes in the dividend policies of the companies and the capital resources available for such companies' dividend payments may affect the Fund.
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.
The performance of an investment concentrated in issuers of a certain region or country, such as the Eurozone, is expected to be closely tied to conditions within that region and to be more volatile than more geographically diversified investments.
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 Fund is subject to numerous market trading risks, including the potential lack of an active market, losses from trading in secondary markets, and disruption in the creation/redemption process. During stressed market conditions, Shares may become less liquid as result of deteriorating liquidity which could lead to differences in the market price and the underlying value of those Shares.
The Fund is non-diversified and may experience greater volatility than a more diversified investment.
Increased volatility may result from increased cash flows to the Fund and other market participants that continuously or systematically buy large holdings of small- or mid-cap companies, which can drive prices up and down more dramatically. Announcements that a security has been added to a widely followed index may cause the price of that security to increase, and decrease when deleted from the index.
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 MSCI EAFE Index is an unmanaged index considered representative of stocks of Europe, Australasia and the Far East. The index is computed using the net return, which withholds applicable taxes for non-resident investors.
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 funds 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 funds or securities are based. The prospectus contains a more detailed description of the limited relationship MSCI has with Invesco Capital Management LLC and any related funds.
The Invesco International Revenue 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 International Revenue 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.