- What does KLMN invest in?
- KLMN seeks to track an index focusing on mid- and large-cap companies based in the US and Canada. It primarily invests in companies demonstrating strong environmental practices, applying rigorous screens to exclude those involved in tobacco, controversial weapons, thermal coal, and fossil fuel power generation based on revenue thresholds. Companies are also evaluated on ESG controversies, where only those without severe issues are selected. The index is constructed to minimize climate-related risks, requiring at least a 10% annual reduction in greenhouse gas emissions relative to sales, considering direct emissions and indirect emissions from energy use, as well as a 7% reduction relative to enterprise value. Firms with approved emissions reduction targets by the Science Based Targets initiative (SBTi) gain higher weightings, and the index aims for a 20% increase in such firms aggregate weight. KLMN focuses on sustainable growth in alignment with global climate initiatives.
- What is the expense ratio of KLMN?
- Invesco Exchange-Traded Fund Trust II - Invesco MSCI North America Climate ETF (KLMN) charges an expense ratio of 0.09%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is KLMN?
- Invesco Exchange-Traded Fund Trust II - Invesco MSCI North America Climate ETF (KLMN) manages $2.45B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.
- Is KLMN actively managed or an index fund?
- KLMN is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (KLMN's is 0.09%) because there's no security selection cost.
- When was KLMN launched?
- Invesco Exchange-Traded Fund Trust II - Invesco MSCI North America Climate ETF (KLMN) launched in December 2024 and is managed by Invesco.
- How has KLMN performed?
- KLMN's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
