ADRD ETF — Holdings & Analysis

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.

What does ADRD hold?

Holding	Weight
Novartis AG ADR (NVS)	6.32%
Toyota Motor Corp ADR (TM)	4.75%
HSBC Holdings PLC ADR (HSBC.L)	3.92%
SAP SE ADR (SAP.DE)	3.70%
AstraZeneca PLC ADR (AZN.L)	3.35%
Total SA ADR (TOT.PA)	3.21%
BP PLC ADR (BP.L)	3.19%
ASML Holding NV ADR (ASML)	3.13%
GlaxoSmithKline PLC ADR (GSK.L)	3.06%
Sanofi SA ADR (SNY.PA)	2.90%

How Is the Fund Allocated?

Sector	Weight
Healthcare	23.4%
Financial Services	20.1%
Energy	13.5%
Technology	12.2%
Consumer Defensive	10.8%
Consumer Cyclical	6.6%
Basic Materials	5.6%
Communication Services	5.2%
Industrials	1.4%
Utilities	1.3%

Dividend Yield

3.53%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio

Invesco QQQ Trust, Series 1 (QQQ) (Equity) — 0.18% expense ratio
Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) (Equity) — 0.47% expense ratio
Invesco ESG S&P 500 Equal Weight ETF (RSPE) (Equity) — 0.20% expense ratio
Invesco Taxable Municipal Bond ETF (BAB) (Fixed Income) — 0.28% expense ratio
Invesco Dividend Achievers ETF (PFM) (Equity) — 0.52% expense ratio
Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) (Equity) — 0.39% expense ratio

Risk Metrics

Beta: 0.94

Questions & Answers

What is ADRD and what does it track?

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.

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.

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.

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.

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.

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.