Description

This Invesco Exchange Traded Fund (ETF) aims to replicate the total net return of the FTSE RAFI All-World 3000 Index, its benchmark, after accounting for associated expenses. Shareholders receive dividend distributions on a quarterly schedule. The benchmark index distinguishes itself from traditional market capitalization-weighted indices by determining the selection and weighting of its constituents based on core fundamental business metrics. These include the average sales over the previous five years, the average cash flow over the preceding five years, the current book value, and the average total dividends paid out in the last five years. To achieve its investment objective, the fund employs a sampling strategy, carefully choosing securities from the Reference Index. This selection process considers various elements such as market returns, sector and regional exposure, bond and oil performance, as well as company size, value, and growth characteristics. As a result of this sampling approach, the fund's portfolio will contain fewer individual securities than the comprehensive underlying index. The fund's holdings are rebalanced in alignment with the index's adjustments. This ETF is passively managed, meaning an investment represents ownership of fund units rather than direct title to the underlying assets held within the fund.