FRN

Invesco Frontier Markets ETF
*Unless otherwise stated, data provided by FactSet.

FRN Fund Description

FRN tracks a cap-weighted index consisting solely of depositary receipts (DRs) of securities from countries classified as frontier, as defined by BNY Mellon.

FRN Factset Analytics Insight

FRN experienced a material change in its underlying index in April 2015—one that makes the fund more representative of “vanilla” cap-weighted frontier market exposure. Kuwait, Nigeria and Argentina dominate the new portfolio due to the removal of Chile, which had roughly 40% of the basket before it was promoted to emerging market status. Following the index change, the fund can now hold ordinary stocks traded on local exchanges rather than relying exclusively in FM equities issued in DM markets. FRN isn’t easy to trade, even in the context of the challenging frontier market. Limit orders will help contain spreads that sometimes spike wide. AUM is lower than we’d like but we see no fund closure risk at present.

FRN MSCI FaCS and Factor Box

MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.

FRN Charts And Performance

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Total Return Chart (%)
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PERFORMANCE [as of 11/19/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FRN 3.87% 2.90% 16.67% 11.47% 10.05% 1.12% -0.20%
FRN (NAV) 3.20% 1.93% 15.54% 10.48% 9.90% 0.93% 0.12%
S&P/BNY Mellon New Frontier Index 3.54% 2.39% 17.02% 12.09% 12.04% 3.11% 0.12%
MSCI Frontier Markets Index 1.56% -0.11% 13.06% 10.36% 8.22% 0.83% 4.60%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FRN Summary Data

Invesco
06/12/08
Open-Ended Fund
0.70%
$59.06M
$422.05K
0.28%

FRN Portfolio Data

$8.16B
10.15
1.80
1.68%
12/23/19
56

FRN Index Data

S&P/BNY Mellon New Frontier Index
Market Cap
Depository Receipts
MSCI Frontier Markets Index

FRN Portfolio Management

0.70%
-1.47%
-1.04%
-1.90%

FRN Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

FRN Fund Structure

Open-Ended Fund
No
Yes
100% / 0%
N/A
N/A
Medium
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

FRN Factset Analytics Block Liquidity

As of 11/20/19
5
4
3
2
1

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

FRN Tradability

30,652
$422.05K
15,202
$209.82K
0.28%
$0.04
-0.18%
1.45% / -1.50%
None
28.00%
50,000
0.30
0.28%
3.52%
0
$14.14
1

FRN Sector/Industry Breakdown


FRN
Segment Benchmark
51.91%
59.48%
9.04%
13.95%
8.58%
--
8.40%
5.06%
7.87%
4.47%
7.52%
8.99%
4.99%
3.68%
1.31%
1.04%
0.38%
0.27%

FRN Top 10 Holdings[View All]

8.74%
8.68%
8.59%
5.40%
4.45%
4.30%
3.49%
3.48%
3.00%
59.59%

FRN Countries


FRN
Segment Benchmark
16.37%
--
15.63%
6.33%
14.58%
30.19%
11.14%
5.18%
10.79%
19.00%
10.73%
9.84%
10.51%
5.82%
3.50%
1.49%
2.72%
0.40%
2.29%
--

FRN Regions


FRN
Segment Benchmark
56.69%
67.77%
16.37%
--
13.86%
9.87%
10.79%
22.36%
2.29%
--

FRN Economic Development


FRN
Segment Benchmark
80.91%
97.31%
19.09%
2.69%

FRN Performance Statistics

0.43
0.97
1.12
0.99
0.55%
MSCI Frontier Markets Index

FRN Benchmark Comparison Holdings

56
95
43
46.85%

FRN Benchmark Comparison Summary


FRN
Segment Benchmark
56
95
$8.16B
$7.93B
10.15
11.98
1.80
1.81
5.14%
4.21%
Medium
Medium

FRN Benchmark Comparison Market Cap Size


FRN
Segment Benchmark
21.35%
23.26%
47.12%
45.89%
31.18%
29.33%
0.35%
1.52%