ETF Evaluator: Invesco Global Equity Net Zero ETF () Follow This ETF

Invesco Global Equity Net Zero ETF Overview

Invesco Global Equity Net Zero ETF (IQSZ) is an actively managed International Equity Global Large-Stock Blend exchange-traded fund (ETF). Invesco launched the ETF in 2025.

The investment seeks long-term total return. The fund is an actively managed ETF that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of the value of its net assets in equity securities of companies that have or seek to have a positive impact on the carbon economy through their current and/or planned efforts to reduce global greenhouse gas (“GHG”) emissions, which, in turn, are anticipated to contribute to the overall transition to a “net zero” economy. The fund is non-diversified.

About Invesco Global Equity Net Zero ETF (IQSZ)

There are 3 members of the management team with an average tenure of 1.05 years: Peter Hubbard (2025), Erhard Radatz (2025) and Tim Herzig (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.

Invesco Global Equity Net Zero ETF has 505 securities in its portfolio. The top 10 holdings constitute 24.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is considered to have an ESG focus with its investment selection and management.

Invesco Global Equity Net Zero ETF is part of the Equity global asset class and is within the International Equity ETF group. Invesco Global Equity Net Zero ETF has 36.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 63.5% There is 36.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Invesco Global Equity Net Zero ETF has 0.1% of the portfolio in cash.

Assets Under Management

The fund has $170 million in total assets, which is below the $2 billion average for the Global Large-Stock Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

IQSZ Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Invesco Global Equity Net Zero ETF expense ratio is low compared to funds in the Global Large-Stock Blend category. Invesco Global Equity Net Zero ETF has an expense ratio of 0.19%, which is 61% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Invesco Global Equity Net Zero ETF has a portfolio turnover rate of 27%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 50% for the Global Large-Stock Blend category.

Recently, in the month of July 2026, Invesco Global Equity Net Zero ETF returned 0.1%, which earned it a grade of C, as the Global Large-Stock Blend category had an average return of 0.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Invesco Global Equity Net Zero ETF has a trailing yield of 1.76%, which is above the 1.66% category average. The fund normally distributes its income quarterly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Invesco Global Equity Net Zero ETF Grades

Year to date, the ETF has returned 14.4%, 5.2 percentage points better than the category, which translates into a grade of A. The fund has returned 28.9% over the past year (grade of A).

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