Changes are proposed for four ETFs and three Mutual
Funds
TORONTO, Jan. 13,
2025 /CNW/ -- Invesco Canada Ltd. ("Invesco") today
announced changes to seven Invesco funds.
Name and Investment Strategy Changes
Effective on or about March 24,
2025, the Invesco funds listed in the table below will
change their names.
Tickers
|
Current Invesco Fund
Name
|
New Invesco Fund
Name
|
PZW
PZW.U
PZW.F
|
Invesco FTSE RAFI
Global Small-Mid ETF(1)
|
Invesco RAFI Global
Small-Mid ETF
|
N/A
|
Invesco FTSE RAFI
Global+ ETF Fund
|
Invesco RAFI Global+
ETF Fund
|
N/A
|
Invesco FTSE RAFI U.S.
ETF Fund
|
Invesco RAFI U.S. ETF
Fund
|
|
|
(1)
|
The implementation of
the name change for this Invesco fund is subject to the
acceptance of the Toronto Stock Exchange.
|
The investment strategies of these Invesco funds will also
be updated to align with the new investment strategies of the
Invesco ETFs currently held by these Invesco funds.1
There are no changes to the investment objectives or ticker
symbols, where applicable, for these Invesco funds.
Proposed Investment Objective, Name and Investment
Strategy Changes
Effective on or about March 24,
2025, Invesco proposes to change the investment objectives
of the Invesco funds listed in the table below. The investment
objective changes will allow these Invesco funds to track
indexes provided by Research Affiliates, LLC instead of
indexes provided by FTSE International Limited (in conjunction with
Research Affiliates, LLC).
The proposed investment objective changes are subject to
investor approval and investor meetings will be held on or about
March 20, 2025 to seek such approval.
Further details surrounding the changes will be included in
management information circulars, which will be available online,
and Notice and Access letters are expected to be mailed in
February 2025 to investors of record
as of February 7, 2025.
If investors approve the investment objective changes, the names
and investment strategies of these Invesco funds will also be
changed to align with the new investment objectives.
Ticker(s)
|
Current Invesco Fund
Name
(Current Index Tracked)
|
Proposed Invesco
Fund Name(1)
(New Index Tracked)
|
PXC
|
Invesco FTSE RAFI
Canadian Index ETF(2)
(FTSE RAFI Canada Index)
|
Invesco RAFI Canadian
Index ETF
(RAFI Fundamental Select Canada 100 Index)
|
PXU.F
|
Invesco FTSE RAFI U.S.
Index ETF(2)
(FTSE RAFI US 1000 Index)
|
Invesco RAFI U.S. Index
ETF
(RAFI Fundamental Select US 1000 Index)
|
PXS
PXS.U
|
Invesco FTSE RAFI U.S.
Index ETF II(2)
(FTSE RAFI US 1000 Index)
|
Invesco RAFI U.S. Index
ETF II
(RAFI Fundamental Select US 1000 Index)
|
N/A
|
Invesco FTSE RAFI
Canadian Index ETF Class
(FTSE RAFI Canada Index)
|
Invesco RAFI Canadian
Index ETF Class
(RAFI Fundamental Select Canada 100 Index)
|
|
|
(1)
|
The names and indexes
tracked by these Invesco funds will only be changed if
investors approve the investment objective changes.
|
(2)
|
The implementation of
the investment objective changes for these Invesco funds is subject
to the acceptance of the Toronto Stock Exchange.
|
There are no changes to the ticker symbols, where applicable,
for these Invesco funds.
Commissions, management fees and expenses may all be associated
with investments in mutual funds and exchange-traded funds (ETFs).
Trailing commissions may be associated with investments in mutual
funds. Mutual funds and ETFs are not guaranteed, their values
change frequently and past performance may not be repeated. There
are risks involved with investing in ETFs and mutual funds. Please
read the prospectus before investing. Copies are available from
Invesco Canada Ltd. at www.invesco.com/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.
"FTSE®, "Russell®", "Russell
1000®", and "FTSE Russell®" are trademarks of
the relevant company of the London Stock Exchange Group plc and its
group undertakings (the "LSE Group Companies") and are used by a
LSE Group Company under license. The FTSE RAFI® Index
Series is calculated by FTSE in conjunction with Research
Affiliates LLC ("RA"). RAFI®" and/or all other RA
trademarks, trade names, patented and patent-pending concepts are
the exclusive property of RA. None of the LSE Group Companies nor
RA sponsor, endorse or promote Invesco ETFs and are not in any way
connected to them and do not accept any liability in relation to
their issue, operation and trading and makes no claim, prediction,
warranty or representation either as to the results to be obtained
from Invesco ETFs or the suitability of the indexes for the
purposes to which they are being put by Invesco.
The RAFI Fundamental Select Canada 100 Index and the RAFI
Fundamental Select US 1000 Index (the "RAFI Indexes") are service
marks of RAFI Indices, LLC or its affiliates (collectively, "RAFI")
and have been licensed for use by Invesco Capital Management, LLC
and its sublicensees. The intellectual and other property rights to
the RAFI Indexes are owned by or licensed to RAFI. The Invesco
ETFs are not sponsored, endorsed, sold or promoted by RAFI, its
agents and service providers (including any calculation agent for
the RI Indices and any data providers, collectively, "RAFI and its
agents").
The RAFI Indexes and included data are provided "as is". RAFI
and its agents have no obligation or liability to the owners of the
Invesco ETFs and any decision to purchase or invest in the Invesco
ETFs is at your own risk. RAFI and its suppliers disclaim all
warranties and representations, including any warranties of
merchantability or fitness for a particular purpose or use, with
respect to the RAFI Indexes or any included data. In no event will
RAFI or its agents be liable for any damages even if notified of
the possibility of such damages.
About Invesco Ltd.
Invesco Ltd. is a global independent investment management firm
dedicated to delivering an investment experience that helps people
get more out of life. Our distinctive investment teams deliver a
comprehensive range of active, passive, and alternative investment
capabilities. With offices in more than 20 countries, Invesco
managed US$1.8 trillion in assets on
behalf of clients worldwide as of September
30, 2024. For more information, visit www.invesco.com.
Invesco is a registered business name of Invesco Canada Ltd.
Invesco Canada Ltd. is an indirect, wholly owned subsidiary of
Invesco Ltd.
Invesco® and all associated trademarks are trademarks of Invesco
Holding Company Limited, used under licence.
© Invesco Canada Ltd., 2025
1 Effective on or March 24,
2025, the underlying Invesco ETFs held by the Invesco funds
will begin to track indexes provided by Research Affiliates, LLC
instead of indexes provided by FTSE International Limited (in
conjunction with Research Affiliates, LLC).
Contact: Samantha Brandifino:
Samantha.brandifino@invesco.com 332.323.5557
SOURCE Invesco Ltd.