Upgrades to existing ETFs reflect Invesco's
consistent improvements to the investor experience
ATLANTA, June 23,
2023 /PRNewswire/ -- Invesco Ltd. (NYSE: IVZ), a
leading global asset management firm, has announced that it will
change the underlying index of eight of its existing exchange
traded funds (ETFs), as well as reducing the fee on five of those
ETFs, to provide a better investor experience for its clients.
After markets close on August 25,
2023, Invesco will make modifications to the investment
strategies of eight ETFs in its US listed line-up, updating the
names, tickers, underlying indexes, index providers and in a few
cases fees, to reflect the new strategies. These enhancements are
being implemented by Invesco in pursuit of its continuing
commitment to clients, making it easier for investors to identify
and access these Invesco ETFs.
Invesco continually aims to have the most robust line-up of ETFs
available for investors. To maintain this standard of excellence,
Invesco continues to optimize, grow, and refine its ETF line-up to
enhance the investor experience.
The changes are set forth below and are anticipated to go into
effect after markets close on August 25,
2023 (except as noted).
Fee reductions and fund name, ticker and index
changes
|
|
Current fund
name
|
Current
ticker
|
Current index
|
Current index
provider
|
New fund name
|
New ticker
|
New index
|
New index
provider
|
Current
|mgmt fee
(bps)
|
New
mgmt
fee (bps)
|
Invesco S&P
MidCap 400
Equal Weight
ETF
|
EWMC
|
S&P MidCap
400 Equal Weight
Index
|
S&P Dow Jones
Indices LLC
|
Invesco S&P MidCap
400
GARP ETF
|
GRPM
|
S&P MidCap 400
GARP
Index
|
Unchanged
|
40
|
35
|
Invesco
Defensive
Equity ETF
|
DEF
|
Invesco Defensive
Equity Index
|
Invesco
Indexing LLC
|
Invesco Bloomberg
Pricing Power ETF
|
POWA
|
Bloomberg Pricing
Power Index
|
Bloomberg
Finance, L.P.
|
50
|
40
|
Invesco
Dynamic
Market ETF
|
PWC
|
Dynamic Market
Intellidex Index
|
ICE Data
Indices, LLC
|
Invesco Bloomberg
MVP Multi-Factor ETF
|
BMVP
|
Bloomberg MVP
Index
|
Bloomberg
Finance, L.P.
|
50
|
29
|
Invesco
Dynamic
Networking
ETF
|
PXQ
|
Dynamic
Networking
Intellidex Index
|
ICE Data
Indices, LLC
|
Invesco Next Gen
Connectivity ETF
|
KNCT
|
STOXX World AC
NexGen Connectivity
Index
|
STOXX Ltd.
|
50
|
40
|
Invesco
|Dynamic
Software ETF
|
PSJ
|
Dynamic Software
Intellidex Index
|
ICE Data
Indices, LLC
|
Invesco AI and Next
Gen Software ETF
|
IGPT
|
STOXX World AC
NexGen Software
Development Index
|
STOXX Ltd.
|
50
|
N/A
|
Invesco
|Dynamic Media
ETF
|
PBS
|
Dynamic Media
Intellidex Index
|
ICE Data
Indices, LLC
|
Invesco Next Gen
Media and Gaming
ETF
|
GGME
|
STOXX World AC
NexGen Media Index
|
STOXX Ltd.
|
50
|
N/A
|
Invesco 1-30
Laddered
Treasury ETF
|
PLW
|
Ryan/NASDAQ
U.S. 1-30 Year
Treasury Laddered
Index
|
NASDAQ OMX
Group, Inc.
|
Invesco Equal
Weight
0-30 Year Treasury
ETF
|
GOVI
|
ICE 1-30 Year
Laddered
Maturity US Treasury
Index
|
ICE Data
Indices, LLC
|
25
|
15*
|
Invesco Global
Short Term
High Yield
Bond ETF
|
PGHY
|
DB Global Short
Maturity High Yield
Bond Index
|
Deutsche Bank
AG London
|
Invesco Global
ex-US
High Yield Corporate
Bond ETF
|
Unchanged
|
ICE USD Global High
Yield Excluding US
Issuers Constrained
Index
|
ICE Data
Indices, LLC
|
35
|
N/A
|
* PLW's new management fee will take effect on June 26, 2023.
"Bps" refers to the unit of measurement known as "basis points,"
used to describe a percentage value or rate. One basis point is
equivalent to 0.01% (1/100th of a percent) or 0.0001 in decimal
form.
An investment cannot be made directly into an index.
About Invesco Ltd.
Invesco Ltd. is a global
independent investment management firm dedicated to delivering an
investment experience that helps people get more out of life. Our
distinctive investment teams deliver a comprehensive range of
active, passive, and alternative investment capabilities. With
offices in more than 20 countries, Invesco managed
$1.5 trillion in assets on behalf of
clients worldwide as of March 31,
2023. For more information, visit
www.invesco.com.
Important Information
Not a Deposit | Not FDIC Insured | Not
Guaranteed by the Bank | May Lose Value |
Not Insured by any Federal Government Agency
There are risks involved with investing in ETFs, including
possible loss of money. Shares are not actively managed and are
subject to risks similar to those of stocks, including those
regarding short selling and margin maintenance requirements.
Ordinary brokerage commissions apply. The Fund's return may not
match the return of the Underlying Index. The Fund is subject to
certain other risks. Please see the current prospectus for more
information regarding the risk associated with an investment in the
Fund.
Investments focused in a particular industry or sector are
subject to greater risk, and are more greatly impacted by market
volatility, than more diversified investments.
Shares are not individually redeemable and owners of the Shares
may acquire those Shares from the Fund and tender those Shares for
redemption to the Fund in Creation Unit aggregations only,
typically consisting of 10,000, 20,000, 25,000, 50,000, 80,000,
100,000 or 150,000 Shares.
The S&P MidCap 400® Equal Weight Index equally
weights mid-cap securities in the S&P MidCap 400® Index.
The S&P MidCap 400® GARP Index seeks to track companies
with consistent fundamental growth, reasonable valuation, solid
financial strength and strong earning power. The Invesco
Defensive Equity Index is designed to provide exposure to
securities of large-cap US issuers. The Index uses a rules-based
approach to select companies that potentially have superior
risk-return profiles during periods of stock market weakness while
still offering the potential for gains during periods of market
strength. The Index is computed using the gross total return, which
reflects dividends paid. The Bloomberg Pricing Power Index
is comprised of U.S. large- and mid-cap companies that are
well-positioned to maintain stable profit margins in all market
conditions and that have the smallest deviations among their annual
gross profit margins over the last five years. The Dynamic
Market Intellidex℠ Index selection
methodology seeks to identify and select US companies. Stocks are
selected from the top of each sector and size category in a manner
designed to produce an index with sector and size dispersion
similar to the overall broad market. The Bloomberg MVP Index
is an equally weighted index that seeks to include the 50
securities from the Bloomberg US 500 Index with the strongest
momentum (M), most muted volatility (V), most inexpensive
valuations, and highest profitability (P) based on an aggregated
sector-neutral "MVP" score. The Dynamic Networking
Intellidex℠ Index thoroughly evaluates
companies based on a variety of investment merit criteria,
including: price momentum, earnings momentum, quality, management
action, and value. The Index is comprised of common stocks of 30 US
networking companies. These are companies that are principally
engaged in the development, manufacture, sale or distribution of
products, services or technologies that support the flow of
electronic information, including voice, data, images and
commercial transactions. The STOXX World AC NexGen Connectivity
Index is comprised of companies with significant exposure to
technologies or products that contribute to future connectivity
through direct revenue. These companies, or components of their
business lines, are expected to benefit from long-term structural
trends driven by technological and societal change, which, in the
future, may have a substantial impact on their performance. Revere
(RBICS) Revenue datasets allow detailed breakdown of the revenue
sources of the eligible companies, helping this index to select
companies with substantial exposure to theme. The Dynamic
Software Intellidex℠ Index is designed
to provide capital appreciation by thoroughly evaluating companies
based on a variety of investment merit criteria, including: price
momentum, earnings momentum, quality, management action, and value.
The Index is comprised of common stocks of 30 US software
companies. These are companies that are principally engaged in the
research, design, production or distribution of products or
processes that relate to software applications and systems and
information-based services. The STOXX World AC NexGen
Software Development Index is comprised of companies with
significant exposure to technologies or products that contribute to
advancements in software development through direct revenue. These
companies, or components of their business lines, are expected to
benefit from long-term structural trends driven by technological
and societal change, which, in the future, may have a substantial
impact on their performance. Revere (RBICS) Revenue datasets allow
detailed breakdown of the revenue sources of the eligible
companies, helping this index to select companies with substantial
exposure to the theme. The Dynamic Media
Intellidex℠ Index is designed to
provide capital appreciation by thoroughly evaluating companies
based on a variety of investment merit criteria, including: price
momentum, earnings momentum, quality, management action, and value.
The Index is comprised of common stocks of 30 US media companies.
These are companies that are principally engaged in the
development, production, sale and distribution of goods or services
used in the media industry. The STOXX World AC NexGen Media
Index is comprised of companies with significant exposure to
technologies or products that contribute to advancements in digital
media through direct revenue. These companies, or components of
their business lines, are expected to benefit from long-term
structural trends driven by technological and societal change,
which, in the future, may have a substantial impact on their
performance. Revere (RBICS) Revenue datasets allow detailed
breakdown of the revenue sources of the eligible companies, helping
this index to select companies with substantial exposure to dynamic
media theme. The Ryan/NASDAQ U.S. 1-30 Year Treasury Laddered
Index is comprised of US Treasury securities and measures the
potential returns of the U.S. Treasury yield curve based on
approximately 30 equally weighted U.S. Treasury issues with fixed
coupons, scheduled to mature in a proportional, annual sequential
("laddered") structure. The ICE 1-30 Year Laddered Maturity US
Treasury Index is designed to track the performance of up to 30
U.S. Treasury Notes or Bonds representing the annual February
maturity ladder across the yield curve. The DB Global Short
Maturity High Yield Bond Index is comprised of US and foreign
short-term, non-investment grade bonds, all of which are
denominated in US dollars. The Fund does not purchase all of the
securities in the Index; instead, the Fund utilizes a "sampling"
methodology to seek to achieve its investment objective. The
ICE USD Global High Yield Excluding US Issuers Constrained
Index is composed of U.S. dollar denominated, below investment
grade corporate debt that is publicly issued in the U.S. domestic
and eurobond markets by non-U.S. issuer.
This does not constitute a recommendation of any investment
strategy or product for a particular investor. Investors should
consult a financial professional before making any investment
decisions.
Before investing, investors should carefully read the
prospectus/summary prospectus and carefully consider the investment
objectives, risks, charges and expenses. For this and more complete
information about the Fund call 800 983 0903 or visit invesco.com
for the prospectus/summary prospectus.
Invesco Distributors, Inc. is the US distributor for Invesco's
retail products and private placements, and is an indirect, wholly
owned subsidiary of Invesco Ltd.
06/23 NA2963412
Contact: Rachael Peng, +1 713.214.4193,
Rachael.Peng@invesco.com
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SOURCE Invesco Ltd.