Invesco RAFI Emerging Markets ETF (PXH)

The Invesco RAFI Emerging Markets ETF (the Fund) is designed to mirror the performance of the RAFI Fundamental Select Emerging Markets 350 Index. The Fund typically allocates at least 90% of its total assets to securities found within this Index, including American Depository Receipts (ADRs) and Global Depository Receipts (GDRs) representing those components. The Index identifies the largest companies in emerging markets based on four key fundamental financial criteria: book value, cash flow, sales, and dividends. Companies demonstrating superior fundamental strength are weighted in proportion to their scores. The Index calculates its performance using net returns, which accounts for tax withholdings applicable to non-resident investors. Both the Fund and its underlying Index undergo annual rebalancing. A significant change will take…