The Invesco BLDRS Developed Markets 100 ADR Index Fund (ADRD) seeks to replicate the performance of the S&P/BNY Mellon Developed Markets 100 ADR Index. ADRD provides exposure to 100 ADRs (American Depositary Receipts) of companies located in developed markets. The fund is non-diversified and offers a dividend yield of 3.53%. As of 2026-03-15, ADRD focuses on developed market equities, with significant allocations to healthcare and financial services sectors.
Invesco BLDRS Developed Markets 100 ADR Index Fund (ADRD) ETF — Price, Holdings & Analysis
The Invesco BLDRS Developed Markets 100 ADR Index Fund (ADRD) seeks to replicate the performance of the S&P/BNY Mellon Developed Markets 100 ADR Index. ADRD provides exposure to 100 ADRs (American Depositary Receipts) of companies located in developed markets. The fund is non-diversified and offers a dividend yield of 3.53%. As of 2026-03-15, ADRD focuses on developed market equities, with significant allocations to healthcare and financial services sectors.
ETF Overview
The investment seeks to provide investment results that correspond generally, before fees and expenses, to the price and yield performance of the S&P/BNY Mellon Developed Markets 100 ADR Index (USD). The fund typically invests substantially all of its assets in the securities that make up the index. The index (USD) is intended to give investors a benchmark for tracking the price and yield performance of Developed Markets Depositary Receipts. The fund is non-diversified.
ADRD aims to mirror the S&P/BNY Mellon Developed Markets 100 ADR Index, providing investors with a targeted approach to access developed market equities through American Depositary Receipts. The fund invests substantially all of its assets in the securities that constitute the index. ADRs represent ownership in foreign companies and trade on U.S. exchanges, simplifying international investing for U.S. investors. ADRD's top holdings include Novartis AG ADR (6.32%), Toyota Motor Corp ADR (4.75%), and HSBC Holdings PLC ADR (3.92%). Sector allocation is heavily weighted towards Healthcare (23.4%) and Financial Services (20.1%), with significant exposure to Energy (13.5%) and Technology (12.2%). This concentration makes it suitable for investors seeking focused exposure to developed market ADRs, particularly those with a positive outlook on the healthcare and financial sectors. The fund is non-diversified, meaning its performance is closely tied to the performance of its top holdings.
Risk Metrics
ADRD's non-diversified nature introduces concentration risk, as its performance relies heavily on the performance of its top 10 holdings. The fund's sector allocation also presents a risk, with significant exposure to Healthcare (23.4%) and Financial Services (20.1%); downturns in these sectors could disproportionately impact ADRD's returns. With a beta of 0.94, ADRD's price is slightly less volatile than the overall market. The dividend yield of 3.53% may provide some downside protection, but past performance does not guarantee future results. Investors should also consider the potential impact of currency fluctuations on the returns of the underlying ADRs. The fund's expense ratio will also create a drag on performance over time.
The Invesco BLDRS Developed Markets 100 ADR Index Fund (ADRD) is an exchange-traded fund (ETF) that aims to replicate the performance of the S&P/BNY Mellon Developed Markets 100 ADR Index. This index is designed to track the performance of the top 100 American Depositary Receipts (ADRs) of companies located in developed markets. ADRs are certificates that represent shares of foreign companies and trade on U.S. stock exchanges. ADRD provides investors with a convenient way to gain exposure to a diversified portfolio of developed market companies through their ADRs, simplifying international investing.
What is the expense ratio for ADRD?
While the expense ratio data is not provided, it is a crucial factor to consider when evaluating an ETF. The expense ratio represents the annual cost of operating the fund, expressed as a percentage of the fund's assets. A lower expense ratio means more of the fund's returns are passed on to investors. Investors should compare ADRD's expense ratio to the average expense ratio of similar ETFs in the equity category to determine its cost-effectiveness.
What are the top holdings in ADRD?
ADRD's top holdings provide insight into the fund's investment focus. As of 2026-03-15, the top three holdings include Novartis AG ADR (NVS) at 6.32%, Toyota Motor Corp ADR (TM) at 4.75%, and HSBC Holdings PLC ADR (HSBC.L) at 3.92%. These holdings represent significant allocations within the fund, reflecting its strategy of tracking the S&P/BNY Mellon Developed Markets 100 ADR Index. Investors should be aware of these key positions, as their performance will significantly impact ADRD's overall returns.
Is ADRD a good long-term investment?
Evaluating whether ADRD is a suitable long-term investment requires careful consideration of its investment strategy, risk profile, and market context. ADRD offers exposure to developed market equities through ADRs, which can provide diversification benefits. However, its non-diversified nature and sector concentration introduce specific risks. Investors should assess their own risk tolerance and investment goals, considering factors such as the fund's beta (0.94) and dividend yield (3.53%), alongside their outlook for developed markets and the specific sectors in which ADRD is heavily invested. Past performance does not guarantee future results.
How does ADRD compare to similar ETFs?
When comparing ADRD to similar ETFs, it's important to consider factors such as expense ratio, assets under management (AUM), and investment strategy. ETFs tracking developed market equities may vary in their index construction, sector allocations, and the inclusion of ADRs. Some ETFs may have broader diversification, while others may focus on specific sectors or market segments. Analyzing these differences can help investors determine which ETF best aligns with their investment objectives and risk tolerance. Comparing expense ratios and AUM can also provide insights into the fund's cost-effectiveness and liquidity.
Does ADRD pay dividends?
Yes, ADRD distributes dividends to its shareholders. The fund's dividend yield as of 2026-03-15 is 3.53%. This yield represents the annual dividend payment as a percentage of the fund's share price. Dividends can provide a source of income for investors and contribute to the fund's total return. However, dividend payments are not guaranteed and may fluctuate over time based on the performance of the underlying holdings and the fund's distribution policy.