What is ADRE?

ADRE tracks a market-cap-weighted index of roughly 50 depositary receipts from emerging markets.

PERFORMANCE [as of 03/21/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
ADRE -4.07% 0.37% 2.01% -9.01% 10.30% -1.30% 2.30%
ADRE (NAV) -3.97% 0.51% 2.31% -9.05% 10.17% -1.31% 2.31%
S&P Emerging 50 ADR Index -2.78% 1.81% 3.66% -7.87% 10.80% -0.88% 2.58%
MSCI Emerging Markets Large Cap Index -4.13% 0.43% -0.11% -12.43% 7.31% -2.57% 1.74%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

ADRE Factset Analytics Insight

The fund is closing. The last day of trading on an exchange is March 30, 2023. ADRE, the oldest of the emerging market large-cap ETFs, launched at a time when international ETFs were just starting to take hold. As such, the fund tracks a cautious index of just ADRs, a concession that fund issuers don't tend to make anymore, opting instead for local shares. The ADR-only strategy has real repercussions, both good and bad. On the good side, the Tradability score for ADRE can be high, in no small part because large share blocks can be easily created by market makers. On the downside, ADRE can have strong country biases that differ from the true market portfolio. ADRE ultimately offers (relatively) liquid exposure to some big names in emerging markets, but it has portfolio tilts worth a closer look. Effective April 1, 2019, S&P Dow Jones Indices acquired the ownership rights to the index and as such, added their name to the index. On April 1, 2022, the index name dropped the reference to BNY Mellon.7

ADRE Summary Data

Invesco
11/13/02
0.29%
$126.08M
S&P Emerging 50 ADR Index
MSCI Emerging Markets Large Cap Index
Unit Investment Trust

Peers

MSCI Emerging Markets Large Cap Index

Fund Flows

$0.00B 5 Days
-$0.00B 30 Days
-$0.00B 90 Days

ADRE Portfolio Data

$173.63B
13.41
2.29
3.88%
N/A
50

ADRE Index Data

S&P Emerging 50 ADR Index
Market Cap
Depository Receipts
MSCI Emerging Markets Large Cap Index

ADRE Portfolio Management

0.29%
0.00%
0.20%
-1.18%

ADRE Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

ADRE Fund Structure

Unit Investment Trust
No
No
-- / --
N/A
N/A
Closing
Daily

Factset Analytics Block Liquidity

As of 03/22/23

This measurement shows how easy it is to trade a $1 million USD block of ADRE. ADRE is rated a 5 out of 5.

ADRE Tradability

17,590
$729.25K
9,925
$413.16K
0.38%
$0.15
-0.01%
0.65% / -0.36%
None
100.00%
50,000
0.20
0.02%
0.07%
0
$38.21
5

ADRE Sector/Industry Breakdown

ADRE Segment
Benchmark
25.28% --
18.76% --
16.01% --
11.72% --
8.67% --
3.86% --
3.00% --
2.43% --
2.15% --
1.89% --

ADRE Top 10 Holdings

100.00%
100.00%

ADRE Performance Statistics

0.28
0.80
0.85
0.81
1.59%
MSCI Emerging Markets Large Cap Index

ADRE Countries

ADRE Segment
Benchmark
29.50% 30.78%
24.18% 14.34%
15.51% 13.26%
13.22% 5.22%
4.71% 12.07%
3.83% 2.33%
3.67% 4.81%
2.57% 2.96%
1.29% 0.48%
0.85% 1.76%

ADRE Regions

ADRE Segment
Benchmark
78.42% 80.47%
18.33% 8.14%
2.57% 9.99%
0.67% 0.74%
-- 0.65%

ADRE Economic Development

ADRE Segment
Benchmark
65.12% 56.41%
34.88% 43.59%

ADRE Benchmark Comparison Holdings

50
682
6
2.12%

ADRE Benchmark Comparison Summary

ADRE Segment
Benchmark
50 682
$173.63B $132.37B
13.41 12.82
2.29 1.82
2.46% 2.44%
High Low

ADRE Benchmark Comparison Market Cap Size

ADRE Segment
Benchmark
91.94% 84.52%
7.38% 14.59%
0.00% 0.00%
0.00% 0.00%