Invesco India ETF

Invesco India ETF (IMVP) tracks the Bloomberg India MVP Index. The index is an equal-weighted basket of about 30 large and midsize Indian companies, picked for momentum, value, low volatility and profitability. That four-factor screen and the equal weighting set it apart. It charges 0.78% a year, which is above the 0.71% average of similar funds. It trailed all six of those funds over one and three years as of October 27, 2026.

• Over the year to Oct 27, 2026, IMVP returned -22.7%, 7th of 7 among similar funds.
• Its 5-year annualized return was -0.8% and its 10-year +6.6%.
• In the 2020 COVID crash it fell 38.3% and regained its old high 5.2 months after the low.
• Its worst full calendar year was 2011 (-35.9%); its best was 2009 (+79.7%).
• The deepest fall in its price history was 64.6% (May 2, 2008 to Nov 20, 2008), recovered by Sep 18, 2017.

As of Jul 31, 2026, the fund held 30 securities; the ten largest made up 39.03% of assets.

• Over the three months to Jul 31, 2026, investors withdrew a net $39.7M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: -1.78%, -1.56%, +1.00%.

Bloomberg Index Services builds the Bloomberg India MVP Index from Bloomberg's universe of Indian companies worth at least $500 million. Each stock gets four scores. Momentum is its total return over the past six and 12 months. Value compares its price with revenue and with EBITDA, which is earnings before interest, taxes, depreciation and amortization. Volatility is how much its price swung over six and 12 months, and lower is better. Profitability is its return on invested capital and return on equity.

Stocks are ranked within their own sector on each factor and scored up to 100. The four scores are then averaged into an "MVP Score." Stocks scoring above 85 make the index, which aims for the top 15% of eligible companies. Every stock gets the same weight. The index had 33 members as of December 31, 2025. The fund held 30 positions as of July 31, 2026, and its top 10 made up about 39% of assets.

Invesco uses full replication, meaning it buys every index stock at the index weight. At least 90% of assets go into index stocks or their depositary receipts (certificates that trade outside India). The fund is non-diversified, so a few stocks can sway results. It sells a stock only when the index drops it, even if the stock is lagging. Portfolio turnover was 15%.

• IMVP charges 0.78% a year, versus an average of 0.71% for the similar funds below (3rd of 7, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $80 in the first year and $966 over 10 years (assuming a 5% annual return).

It is a single-country emerging-market stock fund with deep past drawdowns, so it fits best as a small add-on rather than a foundation.

IMVP adds exposure to Indian companies, but its swings have been sharp. In the 2020 COVID crash it fell 38.3%, then recovered in about five months. From January to June 2022 it dropped 20% and took about 17.5 months to recover. Its worst calendar year was 2011, at -35.9%. Its deepest drop was 64.6% in 2008, and it did not regain that peak until September 2017. Anyone forced to sell during stretches like these would lock in losses. Through October 27, 2026, it was down 21.5% for the year.

The trailing yield was 12.89% as of October 27, 2026, paid twice a year. That is unusually high for a stock fund, and past payouts may not repeat. In the SEC's $10,000 example, costs come to $966 over 10 years. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.