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Critical Facts You Need to Know About Preferred Stocks
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Invesco PureBeta FTSE Developed ex-North America ETF
ETF
PBDM
Payout Change
Suspended
Price as of:
$26.17
+0.01
+0.04%
primary theme
N/A
PBDM (ETF)
Invesco PureBeta FTSE Developed ex-North America ETF
Payout Change
Suspended
Price as of:
$26.17
+0.01
+0.04%
primary theme
N/A
PBDM (ETF)
Invesco PureBeta FTSE Developed ex-North America ETF
Payout Change
Suspended
Price as of:
$26.17
+0.01
+0.04%
primary theme
N/A
Name
As of 06/23/2023Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
8.7%
1 yr return
14.6%
3 Yr Avg Return
6.8%
5 Yr Avg Return
3.3%
Net Assets
$7.9 M
Holdings in Top 10
13.0%
52 WEEK LOW AND HIGH
$26.2
$20.42
$26.65
Expenses
OPERATING FEES
Expense Ratio 0.07%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 06/23/2023Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
PBDM - Profile
Distributions
- YTD Total Return -11.4%
- 3 Yr Annualized Total Return 6.8%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.77%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameInvesco PureBeta FTSE Developed ex-North America ETF
-
Fund Family NameInvesco
-
Inception DateSep 22, 2017
-
Shares Outstanding3700001
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMichael Jeanette
Fund Description
The Fund generally will invest at least 90% of its total assets in securities that comprise the Underlying Index, as well as American depositary receipts (“ADRs”) and global depositary receipts (“GDRs”) that represent securities in the Underlying Index.
Strictly in accordance with its guidelines and mandated procedures, FTSE International Limited (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is designed to measure the performance of the large- and mid-capitalization segments of equity markets of countries around the world that are classified as developed markets within the country classification definition of the Index Provider, excluding the United States and Canada. The Index Provider defines the large- and mid-capitalization segments as approximately the top 90% of the eligible universe.
As of December 31, 2022, the Underlying Index was comprised of 1,514 securities representing 23 countries, with market capitalizations ranging from $176.74 million to $365.13 billion.
The Fund employs a “full replication” methodology in seeking to track the Underlying Index, meaning that the Fund generally invests in all of the securities comprising the Underlying Index in proportion to their weightings in the Underlying Index.
For the avoidance of doubt, “PureBeta” refers to the market-capitalization weighted methodology of the Fund’s Underlying Index. It does not refer in any way to the purity or absence of errors or flaws of the market-capitalization weighted methodology of the Underlying Index or of the Fund in seeking to track the investment results of the Underlying Index.
The Fund is “diversified” under the Investment Company Act of 1940, as amended (the “1940 Act”). The Fund may become “non-diversified” solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. Should the Fund become “non-diversified,” it will no longer be required to meet certain diversification requirements under the 1940 Act. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status under such circumstances.
Concentration Policy. The Fund will concentrate its investments (i.e., invest more than 25% of the value of its net assets) in securities of issuers in any one industry or group of industries only to the extent that the Underlying Index reflects a concentration in that industry or group of industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries.
PBDM - Performance
Return Ranking - Trailing
| Period | PBDM Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.7% | 2.6% | 18.4% | 93.05% |
| 1 Yr | 14.6% | -23.7% | 23.3% | 44.11% |
| 3 Yr | 6.8%* | -14.8% | 24.9% | 11.88% |
| 5 Yr | 3.3%* | -9.9% | 60.2% | 11.13% |
| 10 Yr | 0.0%* | -6.0% | 9.7% | 84.93% |
* Annualized
Return Ranking - Calendar
| Period | PBDM Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -15.2% | -43.6% | 71.3% | 19.91% |
| 2022 | 4.9% | -15.4% | 9.4% | 13.17% |
| 2021 | 3.2% | -10.4% | 121.9% | 37.44% |
| 2020 | 5.2% | -0.5% | 8.5% | 25.32% |
| 2019 | -3.3% | -13.0% | -0.7% | 20.45% |
Total Return Ranking - Trailing
| Period | PBDM Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -11.4% | -16.4% | 18.4% | 96.88% |
| 1 Yr | -11.5% | -27.2% | 23.3% | 96.88% |
| 3 Yr | 6.8%* | -14.8% | 24.9% | 10.70% |
| 5 Yr | N/A* | -9.9% | 60.2% | 13.14% |
| 10 Yr | N/A* | -2.8% | 10.2% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | PBDM Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -15.2% | -43.6% | 71.3% | 19.91% |
| 2022 | 4.9% | -15.4% | 9.4% | 13.17% |
| 2021 | 3.2% | -10.4% | 121.9% | 37.44% |
| 2020 | 5.2% | -0.5% | 8.5% | 25.32% |
| 2019 | -3.3% | -13.0% | -0.7% | 32.52% |
PBDM - Holdings
Concentration Analysis
| PBDM | Category Low | Category High | PBDM % Rank | |
|---|---|---|---|---|
| Net Assets | 7.9 M | 1.02 M | 369 B | 96.74% |
| Number of Holdings | 1566 | 1 | 10801 | 6.13% |
| Net Assets in Top 10 | 12.4 M | 0 | 34.5 B | 90.58% |
| Weighting of Top 10 | 13.04% | 1.9% | 101.9% | 87.87% |
Top 10 Holdings
- Invesco Private Prime Fund 3.59%
- Nestle S.A. 2.04%
- Novo Nordisk A/S, Class B 1.53%
- ASML Holding N.V. 1.52%
- LVMH Moet Hennessy-Louis Vuitton SE 1.44%
- Samsung Electronics Co., Ltd. 1.36%
- Invesco Private Government Fund 1.33%
- Roche Holding AG 1.28%
- Shell PLC 1.28%
- AstraZeneca PLC 1.28%
Asset Allocation
| Weighting | Return Low | Return High | PBDM % Rank | |
|---|---|---|---|---|
| Stocks | 99.87% | 0.00% | 122.60% | 14.96% |
| Other | 0.09% | -16.47% | 17.36% | 24.54% |
| Cash | 0.04% | -65.15% | 100.00% | 87.02% |
| Preferred Stocks | 0.00% | 0.00% | 1.87% | 58.63% |
| Convertible Bonds | 0.00% | 0.00% | 4.18% | 55.06% |
| Bonds | 0.00% | -10.79% | 71.30% | 58.69% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PBDM % Rank | |
|---|---|---|---|---|
| Financial Services | 16.81% | 0.00% | 47.75% | 65.07% |
| Industrials | 15.24% | 5.17% | 99.49% | 41.05% |
| Healthcare | 12.57% | 0.00% | 21.01% | 43.81% |
| Consumer Cyclical | 10.44% | 0.00% | 36.36% | 44.40% |
| Technology | 10.39% | 0.00% | 36.32% | 61.43% |
| Consumer Defense | 9.64% | 0.00% | 32.29% | 47.89% |
| Basic Materials | 8.29% | 0.00% | 23.86% | 46.00% |
| Communication Services | 5.41% | 0.00% | 21.69% | 63.61% |
| Energy | 4.59% | 0.00% | 16.89% | 57.35% |
| Real Estate | 3.35% | 0.00% | 14.59% | 14.12% |
| Utilities | 3.27% | 0.00% | 13.68% | 35.81% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PBDM % Rank | |
|---|---|---|---|---|
| Non US | 98.98% | 0.00% | 124.02% | 9.99% |
| US | 0.89% | -7.71% | 68.98% | 77.60% |
PBDM - Expenses
Operational Fees
| PBDM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.07% | 0.02% | 26.51% | 95.91% |
| Management Fee | 0.07% | 0.00% | 1.60% | 8.40% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 1.00% | N/A |
Sales Fees
| PBDM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| PBDM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| PBDM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 2.00% | 247.00% | 8.74% |
PBDM - Distributions
Dividend Yield Analysis
| PBDM | Category Low | Category High | PBDM % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 13.06% | 22.52% |
Dividend Distribution Analysis
| PBDM | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Annually | Annually |
Net Income Ratio Analysis
| PBDM | Category Low | Category High | PBDM % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.77% | -0.93% | 6.38% | 5.09% |
Capital Gain Distribution Analysis
| PBDM | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 24, 2023 | $0.209 | OrdinaryDividend |
| Dec 23, 2022 | $0.073 | OrdinaryDividend |
| Sep 23, 2022 | $0.196 | OrdinaryDividend |
| Jun 30, 2022 | $0.318 | OrdinaryDividend |
| Mar 31, 2022 | $0.219 | OrdinaryDividend |
| Dec 31, 2021 | $0.123 | OrdinaryDividend |
| Sep 30, 2021 | $0.214 | OrdinaryDividend |
| Jun 30, 2021 | $0.161 | OrdinaryDividend |
| Mar 31, 2021 | $0.160 | OrdinaryDividend |
| Dec 31, 2020 | $0.053 | OrdinaryDividend |
| Sep 30, 2020 | $0.121 | OrdinaryDividend |
| Jun 30, 2020 | $0.110 | OrdinaryDividend |
| Mar 31, 2020 | $0.190 | OrdinaryDividend |
| Dec 31, 2019 | $0.110 | OrdinaryDividend |
| Sep 30, 2019 | $0.175 | OrdinaryDividend |
| Jun 28, 2019 | $0.308 | OrdinaryDividend |
| Mar 29, 2019 | $0.106 | OrdinaryDividend |
| Dec 31, 2018 | $0.180 | OrdinaryDividend |
| Sep 28, 2018 | $0.119 | OrdinaryDividend |
| Jun 29, 2018 | $0.365 | OrdinaryDividend |
| Mar 29, 2018 | $0.080 | OrdinaryDividend |
| Dec 29, 2017 | $0.140 | OrdinaryDividend |
PBDM - Fund Manager Analysis
Managers
Michael Jeanette
Start Date
Tenure
Tenure Rank
Sep 22, 2017
4.69
4.7%
Michael Jeanette, Senior Portfolio Manager of Invesco Capital Management LLC, has been associated with Invesco Capital Management LLC since 2008. Prior to joining Invesco Capital Management LLC, Mr. Jeanette was a trust advisor and GM of Chicago based Richard Lamb, LLC from 1998 to 2007.
Tony Seisser
Start Date
Tenure
Tenure Rank
Sep 22, 2017
4.69
4.7%
Tony Seisser is a Vice President and Portfolio Manager of Invesco PowerShares Capital Management LLC since December 2013. Prior to joining the Adviser, he was employed by Guggenheim Funds Distributors, Inc. where he was a trader from 2010 to 2013. Prior to that, Mr. Seisser was a compliance investigator at the Chicago Board of Options Exchange and Chicago Futures Exchange from 2008 to 2010.
Peter Hubbard
Start Date
Tenure
Tenure Rank
Sep 22, 2017
4.69
4.7%
Peter Hubbard, Vice President and Director of Portfolio Management of the Invesco PowerShares Capital Management LLC. Mr. Hubbard has been a Portfolio Manager of the Adviser since June 2007 and has been associated with the Adviser since 2005. Prior to joining the Invesco PowerShares Capital Management LLC, Hubbard was a research analyst and trader for Ritchie Capital from September 2003 to May 2005.
Pratik Doshi
Start Date
Tenure
Tenure Rank
Feb 28, 2020
2.25
2.3%
Pratik Doshi is a Portfolio Manager of Invesco Capital Management. Mr. Doshi has been a Portfolio Manager of Invesco Capital Management since October 2019 and has been associated with Invesco Capital Management since 2018. Prior to joining Invesco Capital Management, Mr. Doshi was a business student in the MBA program at the University of Chicago from 2016 to 2018. From 2014 to 2016, he served as a Vice President at Bank of America, and from 2007 to 2014 he served as Assistant Vice President at Barclays Capital.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.35 | 6.2 | 3.25 |
