Investment objective & strategy
As of Feb. 26, 2026 · prospectusObjective. The Invesco Emerging Markets Sovereign Debt ETF (the Fund) seeks to track the investment results (before fees and expenses) of the DBIQ Emerging Markets USD Liquid Balanced Index (the Underlying Index).
Strategy. The Fund generally will invest at least 80% of its total assets in the components that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Deutsche Bank Securities Inc. (DB or the Index Provider) compiles and maintains the Underlying Index, which measures potential returns of a theoretical portfolio of liquid U.S. dollar-denominated government bonds from emerging market countries. The Underlying Index is composed of one to three securities from each of the countries set forth below that (i) are denominated in U.S. dollars, (ii) are sovereign or quasi-sovereign bonds, (iii) generally have at least three years to maturity at the time of rebalancing, (iv) have an outstanding amount of at least $500 million or greater, and … The Fund generally will invest at least 80% of its total assets in the components that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Deutsche Bank Securities Inc. (DB or the Index Provider) compiles and maintains the Underlying Index, which measures potential returns of a theoretical portfolio of liquid U.S. dollar-denominated government bonds from emerging market countries. The Underlying Index is composed of one to three securities from each of the countries set forth below that (i) are denominated in U.S. dollars, (ii) are sovereign or quasi-sovereign bonds, (iii) generally have at least three years to maturity at the time of rebalancing, (iv) have an outstanding amount of at least $500 million or greater, and (v) have a fixed coupon. As of December 31, 2025, the Underlying Index has determined the following to be eligible emerging market countries: Angola, Bahrain, Brazil, Chile, China, Colombia, Costa Rica, Croatia, Dominican Republic, Egypt, El Salvador, Guatemala, Hungary, India, Indonesia, Jordan, Kazakhstan, Kenya, Kuwait, Malaysia, Mexico, Morocco, Nigeria, Oman, Pakistan, Panama, Peru, the Philippines, Poland, Qatar, Romania, Saudi Arabia, South Africa, Turkey, the United Arab Emirates and Uzbekistan. This universe of countries may change in accordance with DBs determination of eligible emerging market countries and there is no assurance that a particular country will be represented in the Underlying Index at any given time. As of December 31, 2025, the Underlying Index was comprised of 95 constituents. 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. Concentration Policy. The Fund will concentrate its investments (i.e., invest 25% or more of the value of its total 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.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| Invesco Private Prime Fund | — | $73.30M | 5.68% |
| Invesco Private Government Fund | — | $28.28M | 2.19% |
| REP OF PAKISTAN | — | $21.54M | 1.67% |
| REP OF PAKISTAN | — | $20.41M | 1.58% |
| EGYPT GOVERNMENT INTERNATIONAL SR UNSECURED REGS 05/50 8.875 | EGYPT | $14.64M | 1.13% |
| Egypt Government International Bond | — | $14.27M | 1.11% |
| Egypt Government International Bond | — | $14.27M | 1.11% |
| NIGERIA GOVERNMENT INTERNATION SR UNSECURED REGS 01/49 9.248 | NGERIA | $14.14M | 1.10% |
| NIGERIA GOVERNMENT INTERNATION SR UNSECURED REGS 11/47 7.625 | NGERIA | $14.01M | 1.09% |
| PANAMA | — | $13.79M | 1.07% |
Portfolio moves
Oct 31, 2025 → Jan 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Invesco V.I. Main Street Mid Cap Fund | 8% | 0.94% |
| Invesco V.I. Small Cap Equity Fund | 8% | 0.95% |
| Invesco Small Cap Equity Fund · SMEAX, SMECX, SMERX, SMEIX, SMEYX, SMEFX | 8% | 0.81% |
Advisers
| Firm | Role |
|---|---|
| Invesco Capital Management LLC | Adviser |
Footnotes
- Expense ratio as of February 26, 2026, from the fund's prospectus.
- Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
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