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Invesco Announces Changes to Its US ETF and Mutual Fund Product Lines

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ATLANTA, Dec. 13, 2019 /PRNewswire/ -- Invesco (NYSE:IVZ), one of the world's leading global investment managers, today announced changes to its US exchange-traded fund (ETF) and mutual fund product lines.

(PRNewsfoto/Invesco Ltd.)

The fund rationalization is intended to integrate the fund ranges of Invesco and OppenheimerFunds (OFI), which are now operating as a single global firm.  The firm has completed an in-depth analysis and today is announcing details regarding a final key element of the combination:  the integration of our comprehensive range of investment capabilities.

A key benefit of bringing the two firms together was an opportunity to take the best products of both firms to create a highly differentiated set of capabilities that helps clients achieve their investment objectives.  The fund rationalization addresses certain overlapping offerings in our fund range arising from the combination, which will enable our investment teams to focus on a more cohesive, client-centric set of capabilities and provide the opportunity to achieve scale for the benefit of our clients and our business.

The fund rationalization began on Oct. 30, 2019, with the liquidation of 11 mutual funds.  The final portion of the fund rationalization comprises 38 mutual funds and 42 ETFs (not including changes to fund names), affecting a fraction (approximately 4%) of Invesco's $589 billion in US assets under management. 1

Specifically, the following ETFs will be closed and liquidated (see below for the timeline and other details):

  • Invesco BLDRS Asia 50 ADR Index ETF (The Nasdaq Stock Market: ADRA)
  • Invesco BLDRS Developed Markets 100 ADR Index Fund (The Nasdaq Stock Market: ADRD)
  • Invesco BLDRS Europe Select ADR Index Fund (The Nasdaq Stock Market: ADRU)
  • Invesco BRIC ETF (NYSE:EEB)
  • Invesco China Real Estate ETF (NYSE:TAO)
  • Invesco China Small Cap ETF (NYSE:HAO)
  • Invesco Corporate Income Defensive ETF (NYSE:IHYD)
  • Invesco Corporate Income Value ETF (NYSE:IHYV)
  • Invesco CurrencyShares® Chinese Renminbi Trust (NYSE:FXCH)
  • Invesco CurrencyShares® Singapore Dollar Trust (NYSE:FXSG)
  • Invesco CurrencyShares® Swedish Krona Trust (NYSE:FXS)
  • Invesco DWA NASDAQ Momentum ETF (The Nasdaq Stock Market: DWAQ)
  • Invesco DWA Tactical Multi-Asset Income ETF (The Nasdaq Stock Market: DWIN)
  • Invesco DWA Tactical Sector Rotation ETF (The Nasdaq Stock Market: DWTR)
  • Invesco Dynamic Retail ETF (NYSE:PMR)
  • Invesco Emerging Markets Debt Defensive ETF (NYSE:IEMD)
  • Invesco Emerging Markets Debt Value ETF (NYSE:IEMV)
  • Invesco Emerging Markets Revenue ETF (Cboe BZX Exchange: REEM)
  • Invesco Emerging Markets Ultra Dividend Revenue ETF(NYSE:REDV)
  • Invesco ESG Revenue ETF (NYSE:ESGL)
  • Invesco Frontier Markets ETF (NYSE:FRN)
  • Invesco Global ESG Revenue ETF (NYSE:ESGF)
  • Invesco Global Revenue ETF (Cboe BZX Exchange: RGLB)
  • Invesco Insider Sentiment ETF (NYSE:NFO)
  • Invesco International Revenue ETF (Cboe BZX Exchange: REFA)
  • Invesco International Ultra Dividend Revenue ETF (NYSE:RIDV)
  • Invesco LadderRite 0-5 Year Corporate Bond ETF (The Nasdaq Stock Market: LDRI)
  • Invesco MSCI Emerging Markets Equal Country Weight ETF (NYSE:EWEM)
  • Invesco Multi-Factor Core Fixed Income ETF (NYSE:IMFC)
  • Invesco Multi-Factor Core Plus Fixed Income ETF (NYSE:IMFP)
  • Invesco Multi-Factor Defensive Core Fixed Income ETF (Cboe BZX Exchange: IMFD)
  • Invesco Multi-Factor Income ETF (Cboe BZX Exchange: IMFI)
  • Invesco Russell 1000® Low Volatility Factor ETF (Cboe BZX Exchange: OVOL)
  • Invesco Russell 1000® Momentum Factor ETF (Cboe BZX Exchange: OMOM)
  • Invesco Russell 1000® Quality Factor ETF (Cboe BZX Exchange: OQAL)
  • Invesco Russell 1000® Size Factor ETF (Cboe BZX Exchange: OSIZ)
  • Invesco Russell 1000® Value Factor ETF (Cboe BZX Exchange: OVLU)
  • Invesco Russell 1000® Yield Factor ETF (Cboe BZX Exchange: OYLD)
  • Invesco S&P Financials Revenue ETF (NYSE:RWW)
  • Invesco S&P Global Dividend Opportunities Index ETF (NYSE:LVL)
  • Invesco S&P High Income Infrastructure ETF (NYSE:GHII)
  • Invesco Shipping ETF (NYSE:SEA)

Additionally, the following mutual funds will be merged or experience strategy changes or name changes (see below for the timeline and other details):

Merged funds

Target Fund

Acquiring Fund

US Equity


Invesco Exchange Fund

Invesco S&P 500 Index Fund

Invesco Mid Cap Core Equity Fund

Invesco Oppenheimer Main Street Mid Cap Fund

Invesco Mid Cap Growth Fund

Invesco Oppenheimer Discovery Mid Cap Growth Fund

Invesco Small Cap Discovery Fund

Invesco Small Cap Growth Fund

Invesco Oppenheimer Dividend Opportunity Fund

Invesco Dividend Income Fund

Invesco Oppenheimer Equity Income Fund

Invesco Dividend Income Fund

Invesco Oppenheimer Mid Cap Value Fund

Invesco American Value Fund

Invesco Oppenheimer Small Cap Value Fund

Invesco Small Cap Value Fund

Global/International Equity


Invesco Global Small & Mid Cap Growth Fund

Invesco Global Growth Fund

Invesco International Allocation Fund

Invesco Oppenheimer International Diversified Fund

Alternatives


Invesco Oppenheimer Real Estate Fund

Invesco Real Estate Fund

Invesco Oppenheimer Global Infrastructure Fund

Invesco Global Infrastructure Fund

Sector


Invesco Gold & Precious Metals Fund

Invesco Oppenheimer Gold & Special Minerals Fund

Invesco Technology Sector Fund

Invesco Technology Fund

Balanced (Global)


Invesco Oppenheimer Capital Income Fund

Invesco Multi-Asset Income Fund

Invesco Oppenheimer Global Multi-Asset Income Fund

Invesco Multi-Asset Income Fund

Balanced (Target Risk)


Invesco Moderate Allocation Fund

Invesco Oppenheimer Portfolio Series: Moderate Investor Fund

Taxable Fixed Income


Invesco Oppenheimer Limited Term Bond Fund

Invesco Short Term Bond Fund

Invesco Oppenheimer Limited-Term Government Fund

Invesco Quality Income Fund

Invesco Oppenheimer Ultra-Short Duration Fund

Invesco Conservative Income Fund

Tax-Free Fixed Income


Invesco California Tax-Free Income Fund

Invesco Oppenheimer Rochester California Municipal Fund

Invesco New York Tax Free Income Fund

Invesco Oppenheimer Rochester® Municipals Fund

Invesco Pennsylvania Tax Free Income Fund

Invesco Oppenheimer Rochester® Pennsylvania Municipals Fund

Invesco Oppenheimer Intermediate Term Municipal Fund

Invesco Intermediate Term Municipal Income Fund

Invesco Oppenheimer Rochester Short Duration High Yield Municipal Fund

Invesco Short Duration High Yield Municipal Fund

Global Liquidity


Invesco Oppenheimer Government Cash Reserves Fund

Invesco Government Money Market Fund

VI Funds


Invesco VI Mid Cap Growth Fund

Invesco Oppenheimer VI Discovery Mid Cap Growth Fund

Investment Strategy changes

Current Strategy

Proposed Strategy

Invesco Oppenheimer Global High Yield Fund

Invesco High Yield Bond Factor Fund

Invesco Oppenheimer Global Multi-Asset Growth Fund

Invesco Advantage International Fund

Invesco Oppenheimer Intermediate Income Fund

Invesco Intermediate Bond Factor Fund

Invesco World Bond Fund

Invesco World Bond Factor Fund

Name changes

Current Name

Proposed Name

Invesco Oppenheimer Value Fund

Invesco Comstock Select Fund

Invesco Oppenheimer Portfolio Series: Conservative Investor Fund

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