Invesco Frontier Markets ETF
Data updated: 2020-03-31
C000197645 — Invesco Frontier Markets ETF. Emerging Markets Blend / Core Equity · $59.00M AUM. Holdings, fees, performance and SEC filings.
C000197645 Fund Overview
Invesco Frontier Markets ETF is a US ETF managed by Invesco Exchange-Traded Fund Trust II, categorised as Emerging Markets 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: Emerging Markets Blend / Core Equity
- Assets under management: $59.00M
- SEC CIK: 0001378872
- SEC series ID: S000060829
- Share class ID: C000197645
C000197645 Investment Objective and Strategy
Invesco Frontier Markets 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 Frontier Markets ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the BNY Mellon New Frontier Index (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. Strictly in accordance with its guidelines and mandated procedures, The Bank of New York Mellon (BNY Mellon or the Index Provider) or its calculation agent compiles, maintains, and calculates the Underlying Index, which is comprised of liquid American depositary receipts (ADRs) listed on a U.S. exchange, global depositary receipts (GDRs) traded on the London Stock Exchange, and ordinary share classes of equity securities listed on exchanges in Frontier Market countries that meet certain trading volume and free-float market capitalization criteria. The Index Provider categorizes countries as Frontier Market based upon an evaluation of macroeconomic conditions, political stability, legal property rights and procedures, and trading and settlement processes.
As of June 30, 2018, the Underlying Index was comprised of 65 constituents in the following Frontier Market countries: Argentina, Kazakhstan, Kenya, Kuwait, Morocco, Nigeria, Oman, Panama, Romania, and Vietnam. The Fund also may invest directly in other exchange-traded funds (ETFs) that the Adviser has determined provide exposure to securities similar to those securities in which the Fund may invest in directly. 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 financials sector. The Funds portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time.
C000197645 Costs and Fees
C000197645 costs about $70 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.70%
- Gross expense ratio: 0.96%
- Portfolio turnover: 21%
- Brokerage commissions: 76.37 bps of average net assets (SEC N-CEN)
C000197645 Cashflows
Over the 12 months to 2020-01, Invesco Frontier Markets ETF had net outflows of $1.37M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-01 | −$2.85M |
| 2019-12 | $918 |
| 2019-11 | $2.16M |
| 2019-10 | $0 |
| 2019-09 | −$679.61K |
| 2019-08 | $0 |
C000197645 Debt Constituents
No individual debt constituents are reported in Invesco Frontier Markets ETF's latest SEC N-PORT filing.
C000197645 Prospectus and SEC Filings
Official Invesco Frontier Markets ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Emerging Markets Blend / Core Equity 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.