NOTICE TO SHAREHOLDERS
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6 March 2024 |
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NOTICE TO SHAREHOLDERS
RE: Index Methodology Change
Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF, (the "Fund")
Share Class: Dist
ISIN: IE00BYYXBF44
Dear Shareholder,
We are writing to you as a Shareholder in the Fund, a sub-fund of Invesco Markets III plc (the "Company"), to inform you of the following changes to the methodology of Index tracked by the Fund, FTSE Emerging Markets High Dividend Low Volatility Index ("the Index").
Proposed Changes
The Index provider is proposing to revise the Index methodology to improve the liquidity of the Index. The periodic review of constituents will, from the effective date, include an assessment of the liquidity of each constituent by calculating its recent 3-month Average Daily Trading Value ("ADTV"). Securities with an ADTV less than $5 million ($3.75 million for current index constituents) will not be eligible for inclusion in the Index.
The Weighting Methodology will include a partial review adjustment factor, calculated by referencing the 150 selections of each current and previous index review. Further details of this change can be found on the Index's provider website: Index Announcements - Index Announcements (ftserussell.com)
The impact on these changes on the Fund is not expected to be material when compared to previous annual Index reviews.
Effective Date
The changes will take effect on the 18th of March 2024, at the next rebalance date of the Index. The Fund's offering documents will be amended in due course to reflect the Changes.
Should you wish to redeem your shareholding as a result of the Changes, you may do so in accordance with the dealing provisions outlined in the Prospectus.
General
All capitalised terms used in this notice shall bear the same meaning as the capitalised and defined terms used in the Prospectus.
Shareholders may obtain the Prospectus, the key information document, the latest annual and semi-annual reports and copies of the constitution of the Company free of charge from the registered office of the Manager or the local representatives in the countries where the Company is registered as well as from the German information agent, Marcard Stein & Co AG, Ballindamm 36, 20095 Hamburg, Germany and on the website of the Company - etf.invesco.com or - limited to the Prospectus, the key information documents - on the website of the relevant stock exchange where the Shares are listed (for Italy, on the website of Borsa Italiana S.p.a. www.borsaitaliana.it). In Switzerland, the Prospectus, the key information documents, the latest annual and semi-annual reports and copies of the M&A may be obtained free of charge from the Swiss Representative and Paying Agent, BNP Paribas, Paris, Zürich branch, Selnaustrasse 16, 8002 Zürich, Switzerland.
If you have any queries arising from this notice, please contact us at investorqueries@invesco.com.
Yours faithfully
___________________________
For and on behalf of
Invesco Markets III plc
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