TAO

Invesco China Real Estate ETF
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*Unless otherwise stated, data provided by FactSet.

TAO Fund Description

TAO tracks a cap-weighted index of investable Chinese and Hong Kong real estate companies and REITs. The fund invests across the market-cap spectrum.

TAO Factset Analytics Insight

TAO is a niche fund that targets the Chinese and Hong Kong real estate space. It includes Hong Kong and REITs, giving it a broader scope than our MSCI China Real Estate benchmark, which holds only 18 Chinese companies. In fact, more than half of TAO's top 10 holdings are from Hong Kong; in all, Hong Kong companies make up 80% of TAO. Holding around 50 names, TAO stretches across real estate and also reaches into the commercial REIT sector. It is also eligible to hold US-listed N-shares, such as E-House China, which lists exclusively in the US. TAO is expensive, charging 0.70% annually. Spreads on the thinly traded fund can add significant additional transaction cost.

TAO MSCI ESG Analytics Insight

Invesco China Real Estate ETF has an MSCI ESG Fund Rating of B based on a score of 2.41 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Invesco China Real Estate ETF ranks in the 4th percentile within its peer group and in the 3th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

TAO 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.

TAO Charts And Performance

Price Chart ($)
Total Return Chart (%)
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PERFORMANCE [as of 10/17/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
TAO 2.01% -9.49% 6.96% 17.10% 12.02% 9.33% 6.22%
TAO (NAV) 2.42% -9.94% 6.65% 17.79% 12.22% 9.52% 6.93%
AlphaShares China Real Estate Index -- -- -- -- -- -- 6.93%
MSCI China Real Estate Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

TAO Summary Data

Invesco
12/18/07
Open-Ended Fund
0.70%
$51.03M
$431.70K
0.45%

TAO Portfolio Data

$18.69B
6.64
0.69
7.29%
12/23/19
69

TAO Index Data

Market Cap
Market Cap
MSCI China Real Estate Index

TAO Portfolio Management

0.70%
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--
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TAO Tax Exposures

20.00% / 39.60%
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Qualified dividends
No

TAO Fund Structure

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

TAO Factset Analytics Block Liquidity

As of 10/18/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of TAO. TAO is rated a 4 out of 5.

TAO Tradability

17,321
$431.70K
15,308
$380.22K
0.45%
$0.11
0.00%
1.91% / -3.02%
None
0.00%
50,000
0.31
0.08%
0.23%
420
$26.11
4

TAO Sector/Industry Breakdown


TAO
Segment Benchmark
90.78%
99.86%
8.25%
--
0.35%
--
0.33%
--
0.28%
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TAO Top 10 Holdings[View All]

5.91%
5.33%
5.23%
5.09%
4.73%
4.72%
4.27%
4.19%
4.18%
3.65%
47.3%

TAO Countries


TAO
Segment Benchmark
96.13%
93.67%
3.87%
--
--
6.33%

TAO Regions


TAO
Segment Benchmark
100.00%
100.00%

TAO Economic Development


TAO
Segment Benchmark
100.00%
93.67%
--
6.33%

TAO Performance Statistics

--
--
--
--
0.00%
MSCI China Real Estate Index

TAO MSCI ESG Ratings

B
2.41 / 10
3.17
4.25
0.10%
9.35%
110.68

TAO Benchmark Comparison Holdings

69
37
23
41.58%

TAO Benchmark Comparison Summary


TAO
Segment Benchmark
69
37
$18.69B
$21.80B
6.64
6.17
0.69
1.19
4.42%
4.75%
Medium
High

TAO Benchmark Comparison Market Cap Size


TAO
Segment Benchmark
65.24%
69.39%
23.99%
24.31%
10.42%
6.30%
0.35%
0.00%