Invesco International Ultra Dividend Revenue ETF (RIDV) is an exchange-traded fund that seeks to track the investment results, before fees and expenses, of the FTSE Custom Developed ex US Ultra Dividend Revenue Index. The fund invests at least 90% of its total assets in securities that comprise the underlying index, which focuses on high dividend-yielding companies in developed markets outside the United States, excluding the top 5% of stocks by dividend yield within each country; it emphasizes dividend revenue weighting to select securities with sustainable payouts and strong cash flows. RIDV provides investors with exposure to international equities in sectors such as financials, energy, utilities, and materials, targeting income-oriented strategies for institutional and retail investors seeking non-U.S. dividend revenue opportunities.
Originally launched by OppenheimerFunds in 2020 as part of its revenue-weighted ETF lineup, RIDV underwent a tax-free reorganization into the Invesco ETF family following Invesco's $5.7 billion acquisition of OppenheimerFunds from MassMutual in May 2019. This transition integrated RIDV into Invesco's broader exchange-traded fund platform, enhancing distribution and management under Invesco's oversight. Invesco Ltd., the ETF's sponsor, maintains headquarters in Atlanta, Georgia, with global operations across more than 20 countries; founded in 1935, the firm manages over $1.5 trillion in assets and offers a wide array of equity, fixed income, and alternative investment products. No major partnerships, new product launches, or operational changes specific to RIDV have been reported in the last 1-2 years.