TORONTO, July 23, 2018 /CNW/ - Invesco Canada today
announced management fee reductions and fee waivers for several of
its exchange-traded funds (ETFs). These changes will take effect on
or about July 27, 2018.
Investors will benefit immediately upon effect, as management
fees accrue daily.
The following tables describe the reductions and waivers:
|
Management fee
reductions
|
|
Tickers
|
ETF
name
(and new
name*)
|
Previous
management fee
(%)
|
New
management fee
(%)
|
|
PLV
|
PowerShares Low
Volatility Portfolio ETF
(to be renamed
Invesco Low Volatility
Portfolio ETF)
|
0.55
|
0.37
|
|
PFH.F
|
PowerShares
Fundamental High Yield
Corporate Bond Index ETF
(to be renamed
Invesco Fundamental
High Yield Corporate Bond Index ETF)
|
0.65
|
0.55
|
|
BKL.C
BKL.U
BKL.F
|
PowerShares Senior
Loan Index ETF
(to be renamed
Invesco Senior Loan
Index ETF)
|
0.80
|
0.72
|
|
ULV.C
ULV.U
ULV.F
|
PowerShares S&P
500 Low Volatility
Index ETF
(to be renamed
Invesco S&P 500 Low
Volatility Index ETF)
|
0.35
|
0.30
|
|
PZW
PZW.U
PZW.F
|
PowerShares FTSE RAFI
Global Small-
Mid Fundamental ETF
(to be renamed
Invesco FTSE RAFI
Global Small-Mid ETF)
|
0.60
|
0.49
|
|
PXU.F
|
PowerShares FTSE RAFI
U.S.
Fundamental Index ETF
(to be renamed
Invesco FTSE RAFI U.S.
Index ETF)
|
0.55
|
0.44
|
|
PXS
PXS.U
|
PowerShares FTSE RAFI
U.S.
Fundamental Index ETF II
(to be renamed
Invesco FTSE RAFI U.S.
Index ETF II)
|
0.55
|
0.44
|
|
DWG
DWG.U
DWG.F
|
PowerShares DWA
Global Momentum
Index ETF
(to be renamed
Invesco DWA Global
Momentum Index ETF)
|
0.15†
|
0.05†
|
|
QQC.F
|
PowerShares QQQ Index
ETF
(to be renamed
Invesco QQQ Index
ETF)
|
0.32
|
0.25
|
|
* Names will be
legally changed effective July 27, 2018. ETFs will commence
trading under their new names, CUSIPs and ISINs as at the open of
trading on July 31, 2018.
|
|
† The management fee
for this ETF is in addition to the management fee charged by any
Invesco ETF held by it. The effective management fee paid by
investors in this ETF may vary significantly from period to period
depending on which Invesco ETFs are held by it and the allocations
thereto. Under its Index methodology, the effective management fee,
on an annualized basis, at any given time may range from 0.15%
(which will become 0.05% effective on or about July 27, 2018 as a
result of a management fee reduction) to 1.00% (which will become
0.90% effective on or about July 27, 2018 as a result of a
management fee reduction). Please see the prospectus for more
information about this ETF's index methodology and for information
about the management fees, other expenses and total annual fund
operating expenses for the Invesco ETFs that may be held by
it.
|
|
Tickers
|
ETF
name
(and new
name*)
|
Management
fee (%)
|
Net management
fee after waivers
(%)
|
|
ELV
|
PowerShares S&P
Emerging Markets
Low Volatility Index ETF
(to be renamed
Invesco S&P Emerging
Markets Low Volatility Index ETF)
|
0.44
|
0.34‡
|
|
PXG
PXG.U
|
PowerShares FTSE RAFI
Global+
Fundamental Index ETF
(to be renamed
Invesco FTSE RAFI
Global+ Index ETF)
|
0.60
|
0.50††
|
|
* Names will be
legally changed effective July 27, 2018. ETFs will commence
trading under their new names, CUSIPs and ISINs as at the open of
trading on July 31, 2018.
|
|
‡ Waiver will remain
in effect until at least February 28, 2019. The 0.10% waiver
is on an annualized basis; if the waiver is for less than a year
the net management fee will be higher than 0.34%.
|
|
†† Waiver will remain
in effect until at least December 31, 2019. The 0.10% waiver is on
an annualized basis; if the waiver is for less than a year the net
management fee will be higher than 0.50%.
|
About Invesco Ltd.
Invesco is an independent investment management firm dedicated
to delivering an investment experience that helps people get more
out of life. NYSE: IVZ; invesco.com.
Commissions, management fees and expenses may all be associated
with investments in exchange-traded funds (ETFs). ETFs are not
guaranteed, their values change frequently and past performance may
not be repeated. Please read the prospectus before investing.
Copies are available from Invesco Canada Ltd. at invesco.ca. There
are risks involved with investing in ETFs. Please read the
prospectus for a complete description of risks relevant to the ETF.
Ordinary brokerage commissions apply to purchases and sales of ETF
units.
S&P® is a registered trademark of Standard &
Poor's Financial Services LLC and has been licensed for use by
S&P Dow Jones Indices LLC and sublicensed for certain purposes
by Invesco Canada Ltd. LSTA® is a registered trademark
of Loan Syndications and Trading Association and has been licensed
for use by S&P Dow Jones Indices LLC and Invesco Canada Ltd.
The S&P/LSTA U.S. Leveraged Loan 100 Index is a product of
S&P Dow Jones Indices LLC, and has been licensed for use by
Invesco Canada Ltd. Invesco Canada Ltd.'s
Invesco Senior Loan Index ETF is not sponsored, endorsed, sold
or promoted by S&P Dow Jones Indices LLC or its affiliates or
LSTA and none of S&P Dow Jones Indices LLC or its affiliates or
LSTA make any representation regarding the advisability of
investing in such product.
S&P®, S&P 500®, and S&P 500
Low Volatility Index™ are trademarks of Standard & Poor's
Financial Services LLC and have been licensed for use by S&P
Dow Jones Indices LLC and sublicensed for certain purposes by
Invesco Canada Ltd. The S&P 500 Low Volatility Index is a
product of S&P Dow Jones Indices LLC, and has been licensed for
use by Invesco Canada Ltd. Invesco Canada Ltd.'s Invesco S&P
500 Low Volatility Index ETF is not sponsored, endorsed, sold or
promoted by S&P Dow Jones Indices LLC or its affiliates and
none of S&P Dow Jones Indices LLC or its affiliates make any
representation regarding the advisability of investing in such
product.
S&P® is a registered trademark of Standard &
Poor's Financial Services LLC and has been licensed for use by
S&P Dow Jones Indices LLC and sublicensed for certain purposes
by Invesco Canada Ltd. The S&P BMI Emerging Markets Low
Volatility Index is a product of S&P Dow Jones Indices LLC, and
has been licensed for use by Invesco Canada Ltd. Invesco Canada
Ltd.'s Invesco S&P Emerging Markets Low Volatility Index ETF is
not sponsored, endorsed, sold or promoted by S&P Dow Jones
Indices LLC or its affiliates and none of S&P Dow Jones Indices
LLC or its affiliates make any representation regarding the
advisability of investing in such product(s).
FTSE® is a trademark owned by the London Stock
Exchange Group companies and is used by FTSE International Limited
("FTSE") under licence. The FTSE RAFI® Index Series is
calculated by FTSE in conjunction with Research Affiliates LLC
("RA"). Neither FTSE nor RA sponsor, endorse or promote this
product and are not in any way connected to it and do not accept
any liability in relation to its issue, operation and trading. Any
intellectual property rights in the Index values and constituent
list vest in FTSE.
"Fundamental Index®" and/or "Research Affiliates
Fundamental Index®" and/or "RAFI®" and/or all
other RA trademarks, trade names, patented and patent-pending
concepts are the exclusive property of Research Affiliates,
LLC.
Nasdaq®, OMX®, and Nasdaq OMX®
are registered trademarks of The Nasdaq OMX Group, Inc. ("Nasdaq
OMX") and LadderRite® is a registered trademark of
LadderRite Portfolios LLC ("LadderRite"). Nasdaq®,
OMX®, Nasdaq OMX® and LadderRite®
are collectively the "Marks". The Marks are used under licence to
Invesco Capital Management LLC and Invesco Canada Ltd. The
product(s) have not been passed on by Nasdaq OMX or LadderRite as
to their legality or suitability. The product(s) are not issued,
endorsed, sold, or promoted by Nasdaq OMX or LadderRite, and NASDAQ
OMX AND LADDERRITE MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH
RESPECT TO THE PRODUCT(S).
Invesco Canada Ltd. ("Invesco") has obtained a license from
Dorsey, Wright & Associates, LLC ("Dorsey Wright") for use of
certain Dorsey Wright trademarks and
the Dorsey Wright Global Technical Leaders Index ("Index"). Such
trademarks and Index have been developed by Dorsey Wright without regard to and
independently of Invesco, this product, and/or any prospective
investor. A determination that any portion of an investor's
portfolio should be devoted to any product developed by Invesco
with reference to a Dorsey Wright
index is a determination made solely by the investor, not
Dorsey Wright or Invesco. The
licensing of any index to Invesco is not an offer to purchase or
sell, or a solicitation or an offer to buy any
security.
Invesco® and all associated trademarks are
trademarks of Invesco Holding Company Limited, used under licence.
PowerShares® and all associated trademarks are
trademarks of Invesco Capital Management LLC used under
licence.
© Invesco Canada Ltd., 2018
SOURCE Invesco Canada Ltd.