Investment Objective: |
Invesco MSCI North America Climate ETF seeks to track the investment results (before fees and expenses) of the MSCI Global Climate 500 North America Selection Index. The Fund generally will invest at least 90% of its assets in securities that comprise the Underlying Index as well as American depositary receipts ("ADRs") and global depositary receipts ("GDRs") that represent securities in the Underlying Index. The Fund employs a "full replication" methodology in seeking to track the Index, meaning that the Fund generally invests in all of the securities comprising the Underlying Index in proportion to their weightings in the Index. The Index is designed to track the performance of U.S. and Canadian stocks of mid and large-cap companies that are included in the MSCI ACWI Select Climate 500 Index (the "Parent Index") that meet certain environmental and climate criteria relative to their peers, as determined by MSCI Inc. (the "Index Provider") including their own reductions in carbon emissions and greenhouse gas emissions. |