Invesco Shipping ETF
Data updated: 2020-01-29
C000197637 — Invesco Shipping ETF. China Small Cap Blend / Core Equity · $47.26M AUM · 0.65% expense ratio. Holdings, fees, performance and SEC filings.
C000197637 Fund Overview
Invesco Shipping ETF is a US ETF managed by Invesco Exchange-Traded Fund Trust II, categorised as China Small Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Invesco Exchange-Traded Fund Trust II
- Category: China Small Cap Blend / Core Equity
- Assets under management: $47.26M
- SEC CIK: 0001378872
- SEC series ID: S000060821
- Share class ID: C000197637
C000197637 Investment Objective and Strategy
Invesco Shipping ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Invesco Exchange-Traded Fund Trust II.
Investment objective
The Invesco Shipping ETF (the “Fund”) seeks to track investment results (before fees and expenses) of the Dow Jones Global Shipping Index SM (the “Underlying Index”).
Principal investment strategy
The Fund generally will invest at least 90% of its total assets in the 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, S&P Dow Jones Indices LLC (S&P DJI or the Index Provider) compiles, maintains, and calculates the Underlying Index, which is comprised of developed market-listed equity securities of companies that are classified as being in the shipping industry. The Index Provider considers a company to be in the shipping industry if it is classified by the Global Industry Classification Standard (GICS) as being in the Oil & Gas Storage & Transportation or Marine sub-industries and its revenues are derived primarily from shipping activities (excluding companies solely involved in transporting passengers).
The constituents of the Underlying Index are weighted based on their float-adjusted market capitalization. As of August 31, 2018, the Underlying Index was comprised of 25 stocks that ranged in market capitalizations from $566.4 million to $15.6 billion and represented the following countries of domicile: Belgium, Bermuda, China, Denmark, Germany, Great Britain, Greece, Hong Kong, Japan, Korea, Marshall Islands, Norway, Singapore and United States. The Fund generally invests in all of the securities comprising the Underlying Index in proportion to their weightings in the Underlying Index. The Fund is non-diversified and therefore is not required to meet certain diversification requirements under the Investment Company Act of 1940 Act, as amended (the 1940 Act). 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 May 31, 2018, the Fund had significant exposure to the energy and industrials sectors and the shipping industry. The Funds portfolio holdings, and the extent to which it concentrates, are likely to change over time.
C000197637 Costs and Fees
C000197637 costs about $65 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.65%
- Gross expense ratio: 0.65%
- Portfolio turnover: 22%
- Brokerage commissions: 3.30 bps of average net assets (SEC N-CEN)
C000197637 Cashflows
Over the 12 months to 2019-11, Invesco Shipping ETF had net outflows of $1.83M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2019-11 | $0 |
| 2019-10 | −$939.73K |
| 2019-09 | −$887.25K |
C000197637 Debt Constituents
No individual debt constituents are reported in Invesco Shipping ETF's latest SEC N-PORT filing.
C000197637 Prospectus and SEC Filings
Official Invesco Shipping ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Related funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.