Invesco Multi-Factor Income ETF

C000205971 Fund Overview

Invesco Multi-Factor Income ETF is a US ETF managed by Invesco Exchange-Traded Self-Indexed Fund Trust, categorised as Bond. 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 Self-Indexed Fund Trust
• Category: Bond
• Assets under management: $41.93M
• SEC CIK: 0001657201
• SEC series ID: S000063567
• Share class ID: C000205971

C000205971 Investment Objective and Strategy

Invesco Multi-Factor Income ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Invesco Exchange-Traded Self-Indexed Fund Trust.

Investment objective

The Invesco Multi-Factor Income ETF (the “Fund”) seeks to track the investment results (before fees and expenses) of the Invesco Multi-Factor Income Index (the “Underlying Index”).

Principal investment strategy

The Fund generally will invest at least 80% of its total assets in securities that comprise 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 provide multi-factor exposure to fixed income securities. The Index Provider is affiliated with Invesco Capital Management LLC, the Funds investment adviser (the Adviser), and Invesco Distributors, Inc., the Funds distributor (the Distributor). The Underlying Index is an index of other indexes and is comprised of component securities of such indexes (each, a Sub-Index). The Underlying Index weights the components of the following Sub-Indexes according to the following corresponding fixed, target weightings: (i) Invesco U.S.

Fixed Rate 30-Year MBS Index (25% weight); (ii) Invesco Emerging Markets Debt Value Index (15% weight); (iii) Invesco High Yield Defensive Index (15% weight); (iv) Invesco Investment Grade Value Index (15% weight); (v) Invesco Emerging Markets Debt Defensive Index (10% weight); (vi) Invesco High Yield Value Index (10% weight); and (vii) Invesco Investment Grade Defensive Index (10% weight). The Underlying Index will typically include between 500-1,000 securities. The securities in the Underlying Index are weighted pursuant to the Sub-Index allocations set forth above, and such securities are weighted in accordance with the methodology of each Sub-Index. Additional information about each Sub-Index is set forth in Additional Information About the Funds Strategies and Risks. The Underlying Index is rebalanced monthly, and the Fund will generally rebalance in accordance with the Underlying Index.

In seeking its investment objective, the Fund will generally invest in fixed income securities included in each Sub-Index, which include: (i) mortgage-backed securities based on pools of 30-year mortgages issued by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac); (ii) U.S. dollar-denominated bonds that are issued by U.S. companies and are considered investment grade (defined by the Index Provider as those with a credit rating that is higher than BBB- (or equivalent) by S&P Global Ratings, a division of S&P Global Inc. (S&P), Fitch Ratings Inc. (Fitch) or Moodys Investors Service, Inc. (Moodys) credit rating agencies); (iii) U.S. dollar-denominated high yield bonds (commonly known as junk bonds) and bonds with the lowest credit rating considered investment grade, defined by the Index Provider as those that are rated higher than B- and lower than or equal to BBB- (or equivalent) by S&P, Fitch or Moodys; and (iv) U.S.

dollar-denominated bonds rated higher than B- (or equivalent) by S&P, Fitch or Moodys issued by sovereign governments, and agencies thereof, of countries that the Index Provider considers to be emerging market countries (as of November 1, 2018, 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). The Fund also may invest in securities issued in accordance with Rule 144A (Rule 144A securities) and Regulation S (Regulation S securities) under the Securities Act of 1933, as amended (the Securities Act). The Fund does not purchase all of the securities in the Underlying Index; instead, the Fund utilizes a sampling methodology to seek to achieve its investment objective.

A sampling methodology means that the Adviser uses a quantitative analysis to select securities from the Underlying Index universe to obtain a representative sample of securities that have, in the aggregate, investment characteristics similar to the Underlying Index in terms of key risk factors, performance attributes and other characteristics. The Fund is non-diversified and therefore is not required to meet certain diversification requirements under the Investment Company Act of 1940, 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.

C000205971 Costs and Fees

C000205971 costs about $16 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.16%
• Gross expense ratio: 0.16%
• Portfolio turnover: 64%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000205971 Cashflows

Over the 12 months to 2019-11, Invesco Multi-Factor Income ETF had net inflows of $0, from monthly SEC N-PORT filings.

C000205971 Debt Constituents

No individual debt constituents are reported in Invesco Multi-Factor Income ETF's latest SEC N-PORT filing.

C000205971 Prospectus and SEC Filings

Official Invesco Multi-Factor Income ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2020-01-10
• Prospectus (485BPOS) — filed 2018-11-30
• Portfolio holdings (N-PORT) — filed 2020-01-29
• Annual census (N-CEN) — filed 2019-11-14

Related Funds

Other Bond funds tracked on ABC INVEST:

• Great-West T. Rowe Price Equity Income Fund (MXTQX)
• Absolute Return Currency Fund (JCUAX)
• ICON Flexible Bond Fund (IOBCX)
• Tributary Growth Opportunities Fund (FOGRX)
• Oakhurst Fixed Income Fund (FWFIX)

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.