Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF Dist

Investment Risks

For complete information on risks, refer to the legal documents. The value of investments, and any income from them, will fluctuate. This may partly be the result of changes in exchange rates. Investors may not get back the full amount invested. As a large portion of this fund is invested in less developed countries, investors should be prepared to accept a higher degree of risk than for an ETF that invests only in developed markets. The Fund may be exposed to the risk of the borrower defaulting on its obligation to return the securities at the end of the loan period and of being unable to sell the collateral provided to it if the borrower defaults. The value of equities and equity-related securities can be affected by a number of factors including the activities and results of the issuer and general and regional economic and market conditions. This may result in fluctuations in the value of the Fund. The Fund’s performance may be adversely affected by variations in the exchange rates between the base currency of the Fund and the currencies to which the Fund is exposed.

Fund components

Sector exposure

as of 1 Dec 2022 (%)

Country exposure

as of 1 Dec 2022 (%)

Top 10 Exposures as of 1 Dec 2022 (%)

Name ISIN Weight
METALURGICA GERDAU SA-PREF BRL NPV PFD BRGOAUACNPR8 3.00%
POWER FINANCE CORPORATION INR10 INE134E01011 2.45%
CIA PARANAENSE DE ENERGIA NPV BRCPLEACNOR8 2.07%
CIA PARANAENSE DE ENERGI-PFB BRL 0.0000 PFD BRCPLEACNPB9 1.91%
Enel Chile Sa NPV CL0002266774 1.90%
ANADOLU EFES BIRACILIK VE TRY1 TRAAEFES91A9 1.83%
COAL INDIA LTD INR10 INE522F01014 1.73%
REC LTD INR10 INE020B01018 1.70%
BRADESPAR SA -PREF BRL 0.0000 PFD BRBRAPACNPR2 1.67%
M DIAS BRANCO SA NPV BRMDIAACNOR7 1.61%

Securities lending

 

What is Securities Lending?

Securities Lending is a well-established and tightly regulated practice involving the short-term transfer (loan) of securities. The objective is to enhance the ETF’s overall performance.

When a security is loaned, the borrower (who has been approved by Invesco and the Lending Agent) provides collateral and pays an agreed fee for the duration of the loan. Collateral is an asset that a lender accepts as security for a loan. If the borrower defaults on the loan payments, the lender can seize the collateral and resell it to recoup its losses.

 

How much revenue goes to the ETF?

The ETF will receive 90% of the revenue arising from securities lending, with the remaining 10% deducted by the Lending Agent, Bank of New York Mellon (BNY Mellon), for its fees and to cover direct and indirect operational costs. Invesco will not receive any revenue from the programme.

Risks to consider
Securities lending involves certain risks that an investor should consider, including:

  • The risk of the borrower defaulting on its obligation to return the securities at the end of the loan period, and
  • The risk of the ETF being unable to sell the collateral provided to it if the borrower defaults.

To mitigate these risks, the ETF benefits from a “borrower default indemnity” provided by the Lending Agent, BNY Mellon. The indemnity allows for full replacement of the securities loaned if the collateral does not cover the value of the securities in the event of a borrower default.

To find out more view the Invesco ETFs Securities Lending document in our Documents section.

Securities lending information

Percentage revenue retained by the fund 90%
Maximum amount of fund assets that can be loaned 15%
Maximum amount of any single security that can be loaned 90%
Average amount on loan (31 Oct 2022) 1.76%
Securities lending return (31 Oct 2022) 0.0126%

Average amount on loan is the average percentage of the fund’s assets that were on loan over the previous 12 month period.

Securities lending return is the net securities lending revenue earned over the previous 12 month period, expressed as an annualised percentage return over the fund’s average AUM over the same period.

Assets on Loan

as of 31 Oct 2022 (%)

Collateral Held by Asset Type

as of 30 Nov 2022 (%)

Collateral Held by Country

as of 30 Nov 2022 (%)

Collateral Held by Currency

as of 30 Nov 2022 (%)

Top 10 Collateral Exposures as of 30 Nov 2022

Name Cusip ISIN Weight
FAST RETAILING CO LTD NPV N/A JP3802300008 5.30%
HOYA CORP NPV N/A JP3837800006 4.70%
RECRUIT HOLDINGS CO LTD JPY 1.0 N/A JP3970300004 4.10%
DAIICHI SANKYO CO LTD NPV N/A JP3475350009 4.10%
TAKEDA PHARMACEUTICAL CO LTD NPV N/A JP3463000004 2.90%
JAPAN TOBACCO INC NPV N/A JP3726800000 2.80%
TOKYO ELECTRON LTD NPV N/A JP3571400005 2.50%
CHUGAI PHARMACEUTICAL CO LTD NPV N/A JP3519400000 2.30%
TDK CORP NPV N/A JP3538800008 2.20%
Other N/A N/A 69.00%

Key information

Bloomberg ticker EMHD LN
ISIN IE00BYYXBF44
Benchmark BBG ticker HDLVEMN
Management fee 0.49%
NAV (2 Dec 2022) $23.11
AUM $107,499,893
Base currency USD
Replication method Physical
Securities lending Yes
Risk & Reward Indicator (SRRI) 6
Umbrella AUM (2 Dec 2022) $6,832,948,584

ESG Profile

(Fund 1 Dec 2022)

ESG Rating (AAA-CCC) BB
Quality Score (0-10) 3.99
Carbon Intensity 518.21

Source: MSCI ESG Research. For more information on the ESG profile, see the ESG section on this product page. Carbon intensity is the weighted average carbon intensity (Tons CO2e/$million sales).

Costs may increase or decrease as result of currency and exchange rate fluctuations. Consult the legal documents for further information on costs.

The investment concerns the acquisition of units in a fund and not in a given underlying asset.

The performance information on this web page refers to past performance. Past performance is not a reliable indicator of future returns.

All rights in the “INDEX NAME” (the “Index”) vest in FTSE International Limited (“FTSE”). “FTSE®” is a trade mark of the London Stock Exchange Group companies and is used by FTSE under licence. The ETF has been developed solely by Invesco. The Index is calculated by FTSE or its agent. FTSE and its licensors are not connected to and do not sponsor, advise, recommend, endorse or promote the Fund and do not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the Fund. FTSE makes no claim, prediction, warranty or representation either as to the results to be obtained from the Fund or the suitability of the Index for the purpose to which it is being put by Invesco.

The data shown on this page is not real-time, i.e. it may be delayed due to mandatory requirements of the data provider. As a consequence, the price of the product linked to a specific underlying you are quoted by your broker or intermediary may substantially differ from the price of the product that you would expect on the basis of the data displayed on this site. Invesco accepts no responsibility for loss, however caused, resulting from errors in this data.

ETF performance is in the fund’s base currency, includes dividends, reinvested. ETF performance is Net Asset Value after management fees and other ETF costs but does not consider any commissions or custody fees payable when buying, holding or selling the ETF. The ETF does not charge entry or exit fees. Data: Invesco.

 

The risk / reward profile classifies the fund by an indicator representing the levels from the lowest (1) to the highest (7). For more information see the KIID.