Invesco Bloomberg Financial Data Providers ETF (FDIQ)

Overview

The Fund primarily focuses on investing a minimum of 90% of its total assets into securities that constitute the New Underlying Index. This Index is meticulously compiled, maintained, and calculated by the Index Provider, designed to capture data from companies perceived as vital to the global financial system. The Index Provider leverages extensive research from Bloomberg Intelligence (BI), a subsidiary, alongside industry classifications defined by the Bloomberg Industry Classification Standard (BICS).

To be considered for the New Underlying Index, a security must meet specific criteria. Initially, it should be included within the Bloomberg developed markets universe, which encompasses multiple countries such as Australia, the United States, and several nations across Europe and Asia. Furthermore, the classification by the Index Provider needs to align with BICS as either a financial information service company or a security and commodity exchanges company, or qualify as an enterprise fintech company within BI’s capital markets sector. The securities must also qualify as large-, mid-, or small-cap companies by the metrics established by the Index Provider. To maintain eligibility, these securities require a minimum free float market capitalization of $500 million and an average daily trading value of at least $5 million over a 90-day period. Each eligible security is assigned a weight according to its modified market capitalization, with a maximum cap generally set at 4.5% for individual securities within the New Underlying Index. Rebalancing occurs quarterly, specifically after the close of trading on the third Friday of January, April, July, and October.

Products and Services

• Investment Fund

  The core offering of the company is its investment fund which focuses on securities included in the New Underlying Index. It aims to provide investors with a robust performance tracking the essential services and technologies that underpin the global financial infrastructure.

• Index Management

  The Index Provider manages the New Underlying Index, ensuring it accurately represents the targeted sectors within the financial services landscape. This service includes ongoing classification, maintenance, and calculation of the index to reflect current market conditions.

• Research and Analytics

  In partnership with Bloomberg Intelligence, the company offers comprehensive research and analytical resources to help investors understand the financial markets. This includes insights into emerging trends and data analytics focused on enterprise fintech and other influential sectors.

• Quarterly Rebalancing Services

  Every quarter, the index undergoes a rebalancing process to ensure it remains aligned with the evolving market dynamics. This service guarantees that the investment fund maintains its strategic focus on the most relevant companies within the index.

• Eligibility Verification

  The company provides detailed criteria and verification for securities aiming to be included in the New Underlying Index. By establishing stringent eligibility requirements, it ensures a high-caliber selection of investments that meet market demands.