FRN Invesco Frontier Markets ETF

Transcription

1 Invesco Frontier Markets ETF ETF.com segment: Equity: Frontier Markets - Total Market Competing ETFs: FM Related ETF Channels: Total Market, Frontier Markets, Broad-based, Depositary Receipts, Equity, Size and Style Find more ETFs with our ETF Screener and Database *Unless otherwise stated, data provided by FactSet. F 54 FUND DESCRIPTION The Invesco Frontier Markets ETF tracks a cap-weighted index consisting solely of depositary receipts (DRs) of securities from countries classified as frontier, as defined by BNY Mellon. FACTSET ANALYTICS INSIGHT experienced a material change in its underlying index in April 2015 one that makes the fund more representative of vanilla cap-weighted frontier market exposure. Kuwait, Nigeria and Argentina dominate the new portfolio due to the removal of Chile, which had roughly 40% of the basket before it was promoted to emerging market status. Following the index change, the fund can now hold ordinary stocks traded on local exchanges rather than relying exclusively in FM equities issued in DM markets. isn t easy to trade, even in the context of the challenging frontier market. Limit orders will help contain spreads that sometimes spike wide. AUM is lower than we d like but we see no fund closure risk at present. SUMMARY DATA Issuer Inception Date Legal Structure Expense Ratio Assets Under Management Average Daily $ Average Spread (%) PORTFOLIO DATA Weighted Average Market Cap Price / Earnings Ratio Price / Book Ratio Distribution Yield Next Ex-Dividend Date Number of Holdings Invesco 06/12/08 Open-Ended Fund 0.70% $52.74M $359.30K 0.34% $6.08B % 12/26/18 63 INDEX DATA Index Tracked Index Weighting Methodology Index Selection Methodology BNY Mellon New Frontier Index Market Cap Depository Receipts MSCI Frontier Markets Index

2 1 Year Daily Price ($) Dec `18 Feb Mar Apr May Jun Jul Aug Sep Oct Nov 800k PERFORMANCE [as of 11/20/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS -0.70% -4.42% % % 6.66% -2.32% 3.65% (NAV) 0.17% -4.28% % -9.72% 6.81% -2.04% 4.59% BNY Mellon New Frontier Index % MSCI Frontier Markets Index All returns over 1 year are annualized. All returns are total returns unless otherwise stated. TOP 10 COUNTRIES United States 17.22% Kenya 9.10% Kuwait 15.99% Oman 6.81% Romania 11.40% United Kingdom 6.17% Viet Nam 10.52% Argentina 6.10% Morocco 10.12% Nigeria 4.53% TOP 10 SECTORS Financials 44.26% Technology 7.69% Telecommunications Serv 10.83% Energy 7.15% Industrials 10.25% Utilities 1.98% Consumer Non-Cyclicals 9.50% Consumer Cyclicals 0.41% Basic Materials 7.82% TOP 10 HOLDINGS MercadoLibre, Inc. 8.11% KAZ Minerals PLC 3.45% National Bank of Kuwait K 5.29% Kuwait Finance House K.S 3.43% Copa Holdings, S.A. Class 4.75% Attijariwafa Bank SA 3.24% Safaricom PLC 4.49% Bank Muscat SAOG 3.19% Banca Transilvania SA 4.43% Zenith Bank PLC 3.14% Total Top 10 Weighting 43.52%

3 PORTFOLIO MANAGEMENT TAX EXPOSURES FUND STRUCTURE Expense Ratio Median Tracking Difference (12 Mo) Max. Upside Deviation (12 Mo) Max. Downside Deviation (12 Mo) 0.70% -2.79% -1.47% -3.70% Max LT/ST Capital Gains Rate Capital Gains Distributions (3 Year) Tax on Distributions Distributes K % / 39.60% -- Ordinary income No Legal Structure OTC Derivative Use Securities Lending Active Securities Lending Split (Fund/Issuer) ETN Counterparty Open-Ended Fund No Yes 100% / 0% N/A ETN Counterparty Risk N/A Fund Closure Risk Medium Portfolio Disclosure Daily

4 Daily Spread 0.8% FACTSET ANALYTICS BLOCK LIQUIDITY As of 11/21/18 0.6% 0.4% 0.2% 0% This measurement shows how easy it is to trade a $1 million USD block of. is rated a 1 out of 5. Premium/Discount 4.0% 2.0% TRADABILITY Avg. Daily Share 27, % Average Daily $ $359.30K -2.0% Median Daily Share 20, % 800k 600k 400k 200k Median Daily ($) Average Spread (%) Average Spread ($) $259.19K 0.34% $0.05 `18 Feb Apr Jun Aug Oct Nov Median Premium / Discount (12 Mo) -0.08% Max. Premium / Discount (12 Mo) 2.01% / -2.34% Impediment to Creations None Market Hours Overlap 25.00% Creation Unit Size (Shares) 50,000 Creation Unit/Day (45 Day Average) 0.40 Creation Unit Cost (%) 0.31% Underlying / Unit 1.74% Open Interest on ETF Options -- Net Asset Value (Yesterday) $12.89 ETF.com Implied Liquidity 1

5 SECTOR/INDUSTRY BREAKDOWN TOP 10 HOLDINGS PERFORMANCE STATISTICS Financials 44.26% 49.72% Telecommunications Services 10.83% 12.64% MercadoLibre, Inc. National Bank of Kuwait K.S.C. Copa Holdings, S.A. Class A 8.11% 5.29% 4.75% Goodness of Fit (R2) Beta Up Beta Down Beta Industrials 10.25% 2.97% Consumer Non- Cyclicals 9.50% 9.72% Safaricom PLC Banca Transilvania SA KAZ Minerals PLC 4.49% 4.43% 3.45% Downside Standard Deviation 0.43% MSCI Frontier Markets Index Basic Materials 7.82% 4.55% Technology 7.69% 1.67% Energy 7.15% 6.03% Kuwait Finance House K.S.C. Attijariwafa Bank SA Bank Muscat SAOG 3.43% 3.24% 3.19% BENCHMARK COMPARISON HOLDINGS Number of Holdings 63 Utilities 1.98% 3.55% Consumer Cyclicals 0.41% 0.59% Zenith Bank PLC Total Top 10 Weighting 3.14% 43.52% Constituents Shared Holdings Shared Holdings Weight 50.90% COUNTRIES BENCHMARK COMPARISON SUMMARY United States 17.22% 2.21% Kuwait 15.99% 21.50% Romania 11.40% 4.55% Viet Nam 10.52% 16.79% Morocco 10.12% 7.87% Kenya 9.10% 5.02% Oman 6.81% 1.60% United Kingdom 6.17% 0.40% Argentina 6.10% 13.72% Nigeria 4.53% 6.41% Number of Holdings Weighted Average Market Cap Price / Earnings Ratio Price / Book Ratio Dividend Yield $6.08B $5.81B % 3.61% REGIONS Concentration Medium Medium Middle East & Africa 48.59% 54.42% Europe 17.57% 9.03% North America 17.22% 2.21% Asia-Pacific 10.52% 20.62% Latin America 6.10% 13.72% ECONOMIC DEVELOPMENT Emerging Countries 76.61% 95.47% Developed Countries 23.39% 4.53%

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