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Invesco RAFI™ Strategic Emerging Markets ETF
ETF
ISEM
Payout Change
Pending
Price as of:
$23.43
-0.01
-0.04%
primary theme
N/A
ISEM (ETF)
Invesco RAFI™ Strategic Emerging Markets ETF
Payout Change
Pending
Price as of:
$23.43
-0.01
-0.04%
primary theme
N/A
ISEM (ETF)
Invesco RAFI™ Strategic Emerging Markets ETF
Payout Change
Pending
Price as of:
$23.43
-0.01
-0.04%
primary theme
N/A
Name
As of 03/30/2023Price
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
4.1%
1 yr return
-3.5%
3 Yr Avg Return
9.2%
5 Yr Avg Return
N/A
Net Assets
$36.8 M
Holdings in Top 10
37.8%
52 WEEK LOW AND HIGH
$23.4
$18.52
$25.85
Expenses
OPERATING FEES
Expense Ratio 0.35%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 30.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 03/30/2023Price
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
ISEM - Profile
Distributions
- YTD Total Return 4.1%
- 3 Yr Annualized Total Return 9.2%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.57%
- Dividend Yield 0.7%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameInvesco RAFI™ Strategic Emerging Markets ETF
-
Fund Family NameInvesco
-
Inception DateSep 12, 2018
-
Shares Outstanding1450001
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerPeter Hubbard
Fund Description
The Fund generally will invest at least 80% of its total assets in securities that comprise the Underlying Index and American depositary receipts (“ADRs”) and global depositary receipts (“GDRs”) that are based on securities in the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index, which is designed to measure the performance of equity securities of emerging market companies thattend to have larger, higher quality businesses. The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).The Index Provider selects components for inclusion in the Underlying Index from an investment universe of foreign equity securities with at least one year of trading history, issued by companies located in countries designated as emerging market countries. Each eligible equity security is assigned a business-size score (“Business-Size Score”) based on the equally-weighted average of the following four factors of company size over the prior five years (or, if shorter, the life of the security): sales, operating cash flow, total return of capital (dividends and share repurchases) and book value. For real estate securities (real estate investment trusts (“REITs”) and common stocks of companies in the real estate sector), operating cash flow is replaced by funds from operations and book value is replaced by total assets.Each eligible security is then assigned a quality score (“Quality Score”) based on the equally-weighted average of the following two quality factors of its company’s business: efficiency (calculated as the ratio of sales-to-assets in the prior year) and growth (calculated as the percentage change in the ratio of sales-to-assets over the prior five years (or, if shorter, the life of the security)).Each eligible security is ranked in descending order by its Business-Size Score. Those securities in the top 90% by Business-Size Score are eligible for inclusion in the Underlying Index and, of those, the 80% with the highest Quality Scores are included in the Underlying Index. Securities in the Underlying Index are weighted proportionally to their float-adjusted Business-Size Scores.As of August 31, 2021, the following countries were classified as emerging markets by the Index Provider: Brazil, Chile, China, Colombia, Czech Republic, Greece, Hungary, India, Indonesia, Malaysia, Mexico, Morocco, Peru, the Philippines, Poland, Russia, South Africa, Taiwan, Thailand, Turkey, the United Arab Emirates and Vietnam.As of August 31, 2021, the Underlying Index was comprised of 435constituents with market capitalizations ranging from approximately $120.9 million to $593.7 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.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. As of August 31, 2021, the Fund had significant exposure to the energy sector. The Fund’s portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time
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ISEM - Performance
Return Ranking - Trailing
| Period | ISEM Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.1% | -32.7% | 17.4% | 25.51% |
| 1 Yr | -3.5% | -50.4% | 14.4% | 6.50% |
| 3 Yr | 9.2%* | -16.6% | 69.4% | 4.34% |
| 5 Yr | N/A* | -13.2% | 32.4% | N/A |
| 10 Yr | N/A* | -12.4% | 11.5% | N/A |
* Annualized
Return Ranking - Calendar
| Period | ISEM Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -13.4% | -50.1% | 15.9% | 6.16% |
| 2022 | 3.9% | -26.9% | 16.3% | 9.81% |
| 2021 | 0.9% | -7.2% | 79.7% | 92.28% |
| 2020 | 4.3% | -14.2% | 9.4% | 49.93% |
| 2019 | N/A | -11.5% | 24.0% | N/A |
Total Return Ranking - Trailing
| Period | ISEM Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.1% | -50.8% | 17.4% | 25.51% |
| 1 Yr | -3.5% | -50.4% | 30.2% | 6.85% |
| 3 Yr | 9.2%* | -16.6% | 69.4% | 4.45% |
| 5 Yr | N/A* | -13.2% | 32.4% | N/A |
| 10 Yr | N/A* | -12.4% | 11.5% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | ISEM Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -13.4% | -50.1% | 15.9% | 6.16% |
| 2022 | 3.9% | -18.2% | 16.3% | 9.81% |
| 2021 | 0.9% | -7.2% | 79.7% | 92.28% |
| 2020 | 4.3% | -14.2% | 10.3% | 49.93% |
| 2019 | N/A | -9.7% | 24.0% | N/A |
ISEM - Holdings
Concentration Analysis
| ISEM | Category Low | Category High | ISEM % Rank | |
|---|---|---|---|---|
| Net Assets | 36.8 M | 717 K | 102 B | 84.47% |
| Number of Holdings | 437 | 7 | 6734 | 16.81% |
| Net Assets in Top 10 | 13.8 M | 3.7 K | 19.3 B | 81.53% |
| Weighting of Top 10 | 37.76% | 2.8% | 71.7% | 38.18% |
Top 10 Holdings
- PetroChina Co Ltd Class H 10.62%
- PetroChina Co Ltd Class H 10.62%
- PetroChina Co Ltd Class H 10.62%
- PetroChina Co Ltd Class H 10.62%
- PetroChina Co Ltd Class H 10.62%
- PetroChina Co Ltd Class H 10.62%
- PetroChina Co Ltd Class H 10.62%
- PetroChina Co Ltd Class H 10.62%
- PetroChina Co Ltd Class H 10.62%
- PetroChina Co Ltd Class H 10.62%
Asset Allocation
| Weighting | Return Low | Return High | ISEM % Rank | |
|---|---|---|---|---|
| Stocks | 99.98% | 0.90% | 110.97% | 7.38% |
| Cash | 0.03% | -23.67% | 20.19% | 89.15% |
| Preferred Stocks | 0.00% | 0.00% | 2.67% | 30.04% |
| Other | 0.00% | -1.48% | 9.95% | 24.79% |
| Convertible Bonds | 0.00% | 0.00% | 7.40% | 14.42% |
| Bonds | 0.00% | -0.03% | 55.68% | 25.71% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | ISEM % Rank | |
|---|---|---|---|---|
| Energy | 26.66% | 0.00% | 26.66% | 0.12% |
| Financial Services | 15.54% | 0.00% | 48.86% | 82.40% |
| Technology | 12.58% | 0.00% | 47.50% | 90.54% |
| Basic Materials | 9.56% | 0.00% | 30.03% | 31.62% |
| Industrials | 8.35% | 0.00% | 43.53% | 26.11% |
| Consumer Cyclical | 7.33% | 0.00% | 48.94% | 91.38% |
| Communication Services | 6.22% | 0.00% | 46.62% | 79.88% |
| Consumer Defense | 5.02% | 0.00% | 28.13% | 71.86% |
| Utilities | 4.31% | 0.00% | 39.12% | 8.74% |
| Real Estate | 3.03% | 0.00% | 17.15% | 18.80% |
| Healthcare | 1.40% | 0.00% | 93.26% | 86.47% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | ISEM % Rank | |
|---|---|---|---|---|
| Non US | 99.80% | -4.71% | 112.57% | 6.20% |
| US | 0.18% | -1.60% | 104.72% | 64.00% |
ISEM - Expenses
Operational Fees
| ISEM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.35% | 0.01% | 2.69% | 93.04% |
| Management Fee | 0.35% | 0.00% | 2.00% | 7.53% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.85% | N/A |
Sales Fees
| ISEM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| ISEM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.40% | 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.
| ISEM Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 30.00% | 0.00% | 190.00% | 23.07% |
ISEM - Distributions
Dividend Yield Analysis
| ISEM | Category Low | Category High | ISEM % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.67% | 0.00% | 13.22% | 2.02% |
Dividend Distribution Analysis
| ISEM | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| ISEM | Category Low | Category High | ISEM % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.57% | -1.98% | 17.62% | 3.39% |
Capital Gain Distribution Analysis
| ISEM | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Apr 06, 2023 | $0.157 | OrdinaryDividend |
| Dec 23, 2022 | $0.078 | OrdinaryDividend |
| Sep 23, 2022 | $0.541 | OrdinaryDividend |
| Jun 30, 2022 | $0.667 | OrdinaryDividend |
| Mar 31, 2022 | $0.056 | OrdinaryDividend |
| Dec 31, 2021 | $0.470 | OrdinaryDividend |
| Sep 30, 2021 | $0.472 | OrdinaryDividend |
| Jun 30, 2021 | $0.249 | OrdinaryDividend |
| Mar 31, 2021 | $0.047 | OrdinaryDividend |
| Dec 31, 2020 | $0.162 | OrdinaryDividend |
| Sep 30, 2020 | $0.317 | OrdinaryDividend |
| Jun 30, 2020 | $0.219 | OrdinaryDividend |
| Mar 31, 2020 | $0.027 | OrdinaryDividend |
| Dec 31, 2019 | $0.080 | OrdinaryDividend |
| Sep 30, 2019 | $0.259 | OrdinaryDividend |
| Jun 28, 2019 | $0.235 | OrdinaryDividend |
| Mar 29, 2019 | $0.034 | OrdinaryDividend |
| Dec 31, 2018 | $0.110 | OrdinaryDividend |
ISEM - Fund Manager Analysis
Managers
Peter Hubbard
Start Date
Tenure
Tenure Rank
Sep 12, 2018
3.72
3.7%
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.
Michael Jeanette
Start Date
Tenure
Tenure Rank
Sep 12, 2018
3.72
3.7%
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 12, 2018
3.72
3.7%
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.
Pratik Doshi
Start Date
Tenure
Tenure Rank
Dec 20, 2019
2.45
2.5%
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 |
|---|---|---|---|
| 0.09 | 33.71 | 6.43 | 13.42 |
