ETF Hearsay: GBLD to list: Invesco MSCI Green Building ETF

Invesco MSCI Green Building ETF

Ticker: GBLD

Exchange: NYSE Arca

Expense ratio: 0.39%

Original filing date: February 3, 2021

Effective date: April 19, 2021

Listing Date: April 22, 2021

CUSIP: 46138G623

Active: No

Investment Objective:

Seeks to track the investment results of the MSCI Global Green Building Index.

Index / Benchmark: MSCI Global Green Building Index

Part of the MSCI Global Environment Indices, drawn from the universe of the MSCI ACWI IMI.

https://www.msci.com/our-solutions/indexes/index-categories/esg-indexes/global-environment-indexes

Investment Strategy / Index Methodology:

Universe / Parent Index: MSCI ACWI Investable Market Index

Full replication of index of companies that provide exposure to the environmental theme of “green building."

Green building refers to both a structure and the application of processes that are environmentally responsible and resource-efficient throughout a building's life-cycle. Includes the design, construction, redevelopment, retrofitting, or acquisition of green-certified properties to promote mechanisms for raising capacity for effective climate change mitigation and adaptation.

Next, the remaining eligible companies are evaluated for their level of involvement in, and strategic commitment to green building.

Examples of such involvement or commitment include

(i) owning properties, facilities and buildings designed and built according to environmental or sustainable standards and certified by third parties (such as the Leadership in Energy and Environmental Design (LEED) green building certification program);
(ii) constructing green or sustainable properties, facilities or buildings, which may also include retrofitting or redeveloping non-certified properties to comply with green building standards; and
(iii) providing consultancy services that aid in the green building certification of properties, facilities, or buildings.

Excludes the securities of companies that faced very severe controversies pertaining to ESG issues in the last three years (based on MSCI's internal ESG rating and score data) and companies involved in controversial weapons (as defined by the methodology of MSCI’s Global Ex-Controversial Weapons Indexes).

Companies that derive 50% or more of their revenue from green buildings are included.

Constituents: 73 as of March 31, 2021

Adviser: Invesco Capital Management LLC

Sub-Adviser: N/A

Portfolio Managers: