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 51 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% $53.18M $415.78K 0.27% $6.25B 11.91 1.97 4.09% 12/26/18 63 INDEX DATA Index Tracked Index Weighting Methodology Index Selection Methodology BNY Mellon New Frontier Index Market Cap Depository Receipts MSCI Frontier Markets Index
1 Year Daily Price ($) 17.00 16.00 15.00 14.00 13.00 Oct Nov Dec `18 Feb Mar Apr May Jun Jul Aug Sep 800k PERFORMANCE [as of 09/17/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS -2.16% -7.74% -11.72% -8.91% 8.10% -1.37% -0.65% (NAV) -2.23% -8.39% -11.40% -7.64% 8.11% -1.28% -0.52% BNY Mellon New Frontier Index -- -- -- -- -- -- -0.52% MSCI Frontier Markets Index -- -- -- -- -- -- -- All returns over 1 year are annualized. All returns are total returns unless otherwise stated. TOP 10 COUNTRIES United States 18.19% Viet Nam 9.62% Kuwait 14.74% United Kingdom 8.16% Romania 10.20% Argentina 7.17% Kenya 9.98% Oman 5.38% Morocco 9.83% Nigeria 4.69% TOP 10 SECTORS Financials 43.18% Technology 7.47% Industrials 10.98% Energy 6.19% Telecommunications Serv 10.34% Utilities 2.12% Basic Materials 9.78% Consumer Cyclicals 0.41% Consumer Non-Cyclicals 9.39% TOP 10 HOLDINGS MercadoLibre, Inc. 7.58% KAZ Minerals PLC 4.38% Copa Holdings, S.A. Class 6.74% Bank Muscat SAOG 4.07% National Bank of Kuwait K 5.12% Kuwait Finance House K.S 3.34% Banca Transilvania SA 4.89% Attijariwafa Bank SA 3.16% Safaricom PLC 4.57% Vingroup Joint Stock Com 2.82% Total Top 10 Weighting 46.67%
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% -3.28% -1.48% -3.70% Max LT/ST Capital Gains Rate Capital Gains Distributions (3 Year) Tax on Distributions Distributes K1 20.00% / 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
Daily Spread 0.8% FACTSET ANALYTICS BLOCK LIQUIDITY As of 09/18/18 0.6% 0.4% 0.2% 0% 5 4 3 2 1 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 30,059 0.0% Average Daily $ $415.78K -2.0% Median Daily Share 18,720-4.0% 800k 600k 400k 200k Median Daily ($) Average Spread (%) Average Spread ($) $257.45K 0.27% $0.04 Oct Dec Feb Apr May Jul Sep Median Premium / Discount (12 Mo) -0.09% Max. Premium / Discount (12 Mo) 2.01% / -2.34% Impediment to Creations None Market Hours Overlap 26.00% Creation Unit Size (Shares) 50,000 Creation Unit/Day (45 Day Average) 0.37 Creation Unit Cost (%) 0.30% Underlying / Unit 2.49% Open Interest on ETF Options -- Net Asset Value (Yesterday) $13.18 ETF.com Implied Liquidity 1
SECTOR/INDUSTRY BREAKDOWN TOP 10 HOLDINGS PERFORMANCE STATISTICS Financials 43.18% 50.36% Industrials 10.98% 2.90% Telecommunications Services Basic Materials Consumer Non- Cyclicals 10.34% 12.56% 9.78% 4.35% 9.39% 9.48% Technology 7.47% 1.49% Energy 6.19% 5.78% MercadoLibre, Inc. Copa Holdings, S.A. Class A National Bank of Kuwait K.S.C. Banca Transilvania SA Safaricom PLC KAZ Minerals PLC Bank Muscat SAOG Kuwait Finance House K.S.C. Attijariwafa Bank SA 7.58% 6.74% 5.12% 4.89% 4.57% 4.38% 4.07% 3.34% 3.16% Goodness of Fit (R2) Beta Up Beta Down Beta Downside Standard Deviation 0.58 0.75 0.72 0.73 0.41% MSCI Frontier Markets Index BENCHMARK COMPARISON HOLDINGS Number of Holdings 63 Utilities 2.12% 4.03% Consumer Cyclicals 0.41% 0.60% Vingroup Joint Stock Company Total Top 10 Weighting 2.82% 46.67% Constituents Shared Holdings 114 47 Shared Holdings Weight 50.01% COUNTRIES BENCHMARK COMPARISON SUMMARY United States 18.19% 2.13% Kuwait 14.74% 20.19% Romania 10.20% 4.30% Kenya 9.98% 5.56% Morocco 9.83% 7.70% Viet Nam 9.62% 15.57% United Kingdom 8.16% 0.43% Argentina 7.17% 16.39% Oman 5.38% 1.30% Nigeria 4.69% 6.80% Number of Holdings Weighted Average Market Cap Price / Earnings Ratio Price / Book Ratio Dividend Yield 63 114 $6.25B $5.84B 11.91 12.39 1.97 1.94 3.63% 3.49% REGIONS Concentration High -- Middle East & Africa 46.66% 53.45% Europe 18.36% 8.74% North America 18.19% 2.13% Asia-Pacific 9.62% 19.29% Latin America 7.17% 16.39% ECONOMIC DEVELOPMENT Emerging Countries 73.65% 95.52% Developed Countries 26.35% 4.48%
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