Invesco Announces Changes to Its US ETF and Mutual Fund Product Lines

ATLANTA, Dec. 13, 2019

The fund rationalization is intended to integrate the fund ranges of Invesco and OppenheimerFunds (OFI), which are now operating as a single global firm.  The firm has completed an in-depth analysis and today is announcing details regarding a final key element of the combination:  the integration of our comprehensive range of investment capabilities.

A key benefit of bringing the two firms together was an opportunity to take the best products of both firms to create a highly differentiated set of capabilities that helps clients achieve their investment objectives.  The fund rationalization addresses certain overlapping offerings in our fund range arising from the combination, which will enable our investment teams to focus on a more cohesive, client-centric set of capabilities and provide the opportunity to achieve scale for the benefit of our clients and our business.

The fund rationalization began on Oct. 30, 2019, with the liquidation of 11 mutual funds.  The final portion of the fund rationalization comprises 38 mutual funds and 42 ETFs (not including changes to fund names), affecting a fraction (approximately 4%) of Invesco's $589 billion in US assets under management. ¹

Specifically, the following ETFs will be closed and liquidated (see below for the timeline and other details):

• Invesco BLDRS Asia 50 ADR Index ETF (The Nasdaq Stock Market: ADRA)
• Invesco BLDRS Developed Markets 100 ADR Index Fund (The Nasdaq Stock Market: ADRD)
• Invesco BLDRS Europe Select ADR Index Fund (The Nasdaq Stock Market: ADRU)
• Invesco BRIC ETF (NYSE Arca: EEB)
• Invesco China Real Estate ETF (NYSE Arca: TAO)
• Invesco China Small Cap ETF (NYSE Arca: HAO)
• Invesco Corporate Income Defensive ETF (NYSE Arca: IHYD)
• Invesco Corporate Income Value ETF (NYSE Arca: IHYV)
• Invesco CurrencyShares® Chinese Renminbi Trust (NYSE Arca: FXCH)
• Invesco CurrencyShares® Singapore Dollar Trust (NYSE Arca: FXSG)
• Invesco CurrencyShares® Swedish Krona Trust (NYSE Arca: FXS)
• Invesco DWA NASDAQ Momentum ETF (The Nasdaq Stock Market: DWAQ)
• Invesco DWA Tactical Multi-Asset Income ETF (The Nasdaq Stock Market: DWIN)
• Invesco DWA Tactical Sector Rotation ETF (The Nasdaq Stock Market: DWTR)
• Invesco Dynamic Retail ETF (NYSE Arca: PMR)
• Invesco Emerging Markets Debt Defensive ETF (NYSE Arca: IEMD)
• Invesco Emerging Markets Debt Value ETF (NYSE Arca: IEMV)
• Invesco Emerging Markets Revenue ETF (Cboe BZX Exchange: REEM)
• Invesco Emerging Markets Ultra Dividend Revenue ETF(NYSE Arca: REDV)
• Invesco ESG Revenue ETF (NYSE Arca: ESGL)
• Invesco Frontier Markets ETF (NYSE Arca: FRN)
• Invesco Global ESG Revenue ETF (NYSE Arca: ESGF)
• Invesco Global Revenue ETF (Cboe BZX Exchange: RGLB)
• Invesco Insider Sentiment ETF (NYSE Arca: NFO)
• Invesco International Revenue ETF (Cboe BZX Exchange: REFA)
• Invesco International Ultra Dividend Revenue ETF (NYSE Arca: RIDV)
• Invesco LadderRite 0-5 Year Corporate Bond ETF (The Nasdaq Stock Market: LDRI)
• Invesco MSCI Emerging Markets Equal Country Weight ETF (NYSE Arca: EWEM)
• Invesco Multi-Factor Core Fixed Income ETF (NYSE Arca: IMFC)
• Invesco Multi-Factor Core Plus Fixed Income ETF (NYSE Arca: IMFP)
• Invesco Multi-Factor Defensive Core Fixed Income ETF (Cboe BZX Exchange: IMFD)
• Invesco Multi-Factor Income ETF (Cboe BZX Exchange: IMFI)
• Invesco Russell 1000® Low Volatility Factor ETF (Cboe BZX Exchange: OVOL)
• Invesco Russell 1000® Momentum Factor ETF (Cboe BZX Exchange: OMOM)
• Invesco Russell 1000® Quality Factor ETF (Cboe BZX Exchange: OQAL)
• Invesco Russell 1000® Size Factor ETF (Cboe BZX Exchange: OSIZ)
• Invesco Russell 1000® Value Factor ETF (Cboe BZX Exchange: OVLU)
• Invesco Russell 1000® Yield Factor ETF (Cboe BZX Exchange: OYLD)
• Invesco S&P Financials Revenue ETF (NYSE Arca: RWW)
• Invesco S&P Global Dividend Opportunities Index ETF (NYSE Arca: LVL)
• Invesco S&P High Income Infrastructure ETF (NYSE Arca: GHII)
• Invesco Shipping ETF (NYSE Arca: SEA)

Additionally, the following mutual funds will be merged or experience strategy changes or name changes (see below for the timeline and other details):