Invesco PureBeta FTSE Developed ex-North America ETF (PBDM) is an exchange-traded fund that seeks to track the investment results of the FTSE Developed ex North America Net Tax Index, composed of large- and mid-capitalization developed market equities excluding North America; it employs a representative sampling indexing methodology to replicate the index's performance before fees and expenses. The fund offers investors low-cost exposure to international developed markets through a pure beta strategy focused on tax efficiency and transparency, with holdings including major companies from Europe, Japan, Australia, and other developed regions such as Nestle SA, ASML Holding NV, Novo Nordisk A/S, SAP SE, and Roche Holding AG. Launched in 2017 and managed by Invesco Distributors, Inc., headquartered in Atlanta, Georgia, PBDM operates primarily in the United States with global equity exposure across approximately 1,800 securities in sectors like financials, industrials, health care, consumer discretionary, and information technology. Recent developments include Invesco's ongoing enhancements to its PureBeta ETF suite amid market volatility in 2025, such as refined index tracking amid FTSE Russell index rebalances and increased assets under management surpassing $100 million, alongside strategic integrations with Invesco's broader ESG and factor-based offerings to address evolving investor demands for sustainable international diversification.