SEA - Invesco Shipping ETFEquity - Sector Equity
The Invesco Shipping ETF (Fund) is based on the Dow Jones Global Shipping Index℠ (Index). The Fund will invest at least 90% of its total assets in the securities and depositary receipts that comprise the Index. The Index measures the performance of high dividend-paying companies in the global shipping industry. The Index is computed using the gross total return, which reflects dividends paid. The Fund and the Index are rebalanced quarterly.
|Index History (%)|
|Dow Jones Global Shipping Index||20.36||4.65||-0.38||-8.51||N/A||N/A|
|MSCI World Index||23.96||14.53||12.35||7.75||9.34||10.46|
|Fund History (%)|
|After Tax Held||18.83||3.47||-1.42||-9.88||N/A||-7.59|
|After Tax Sold||11.90||2.72||-0.52||-6.41||N/A||-4.65|
|Fund Market Price||20.43||4.47||-0.30||-7.87||N/A||-6.01|
|Index History (%)|
|Dow Jones Global Shipping Index||9.90||-11.62||-5.19||-11.63||N/A||N/A|
|MSCI World Index||17.61||1.83||10.21||7.18||9.01||10.04|
|Fund History (%)|
|After Tax Held||8.61||-12.61||-6.07||-12.93||N/A||-8.61|
|After Tax Sold||5.85||-6.85||-3.98||-8.42||N/A||-5.25|
|Fund Market Price||10.54||-11.13||-4.91||-10.91||N/A||-6.98|
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 April 6, 2018, the returns presented reflect performance of the Guggenheim predecessor fund. Invesco is not affiliated with Guggenheim.
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 The results assume that no cash was added to or assets withdrawn from the Index.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.
Dow Jones Global Shipping Index* performance prior to 7/27/2011 reflects that of the original Underlying Index Delta Global Shipping Index. From 7/27/2011, forward, the Index performance reflects that of the Underlying Index Dow Jones Global Shipping Index AND IS NOT INTENDED FOR ANY THIRD PARTY USE.
|Sector||Percent of Fund|
Market Cap & Style Allocations
as of 12/13/2019 Top Holdings | View All
Fund Holdings subject to change
|Ticker||Company||% of Fund|
|MAERSKB DC||AP Moller - Maersk A/S||21.46|
|9104||Mitsui OSK Lines Ltd||7.82|
|9101||Nippon Yusen KK||7.42|
|STNG||Scorpio Tankers Inc||4.38|
|1308||SITC International Holdings Co Ltd||4.32|
|9107||Kawasaki Kisen Kaisha Ltd||4.05|
|GLNG||Golar LNG Ltd||3.63|
|SFL||SFL Corp Ltd||3.22|
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 industry, such as shipping and sector, such as energy and industrials, 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.
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.
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 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.
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.
Securities that pay high dividends as a group can fall out of favor with the market, causing such companies to underperform companies that do not pay high dividends. Also changes in the dividend policies of the companies and the capital resources available for such companies’ dividend payments may affect the Fund.
Stocks of micro-cap companies tend to involve substantially greater risks of loss and price fluctuations than more established companies.
Most MLPs operate in the energy sector and are subject to the risks generally applicable to companies in that sector, including commodity pricing risk, supply and demand risk, depletion risk and exploration risk. MLPs are also subject the risk that regulatory or legislative changes could eliminate the tax benefits enjoyed by MLPs which could have a negative impact on the after-tax income available for distribution by the MLPs and/or the value of the portfolio's investments.
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 MSCI World Index is an unmanaged index considered representative of stocks of developed countries. The index is computed using the net return, which withholds applicable taxes for non-resident investors.
The Delta Global Shipping Index is designed to measure the performance of companies within the maritime shipping industry listed on global developed market exchanges.
Dow Jones Global Shipping IndexSM is a product of S&P Dow Jones Indices LLC, a division of S&P Global, and has been licensed for use. Dow Jones®, Dow Jones Global Shipping IndexSM and "Dow Jones Indexes" are service marks of Standard & Poor's Financial Services LLC, a division of S&P Global and sublicensed for use for certain purposes by Invesco Capital Management LLC ("licensee"). Invesco Capital Management LLC's Invesco Shipping ETF is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices or their respective affiliates, and S&P Dow Jones Indices and its respective affiliates make no representation.