Exchange-Traded Funds

DEF - Invesco Defensive Equity ETF

Equity - US Equity

Product Details

The Invesco Defensive Equity ETF (Fund) is based on the Invesco Defensive Equity Index (Index). The Fund will invest at least 80% of its total assets in securities that comprise the Index. The Index is designed to provide exposure to securities of large-cap US issuers. The Index uses a rules-based approach to select companies that potentially have superior risk-return profiles during periods of stock market weakness while still offering the potential for gains during periods of market strength. The Index is computed using the gross total return, which reflects dividends paid. The Fund and the Index are rebalanced quarterly.

as of 11/30/2018

Morningstar Rating

Overall Rating - Large Blend Category

As of 11/30/2018 the Fund had an overall rating of 4 stars out of 1207 funds and was rated 5 stars out of 1207 funds, 3 stars out of 1068 funds and 4 stars out of 808 funds for the 3-, 5- and 10- year periods, respectively.

Morningstar details

Source: Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. ©2018 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. Ratings are subject to change monthly. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Ratings for other share classes may differ due to different performance characteristics.

as of 11/30/2018 09/30/2018

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
Invesco Defensive Equity Index 8.21 15.60 N/A N/A N/A N/A
S&P 500 Index 10.56 17.91 17.31 13.95 11.97 8.52
Invesco Defensive Equity Index 5.81 5.91 N/A N/A N/A N/A
S&P 500 Index 5.11 6.27 12.16 11.12 14.32 7.94
Fund History (%)
Fund NAV 7.72 14.88 15.23 11.11 10.79 8.24
After Tax Held 7.72 14.07 14.07 9.99 9.80 7.37
After Tax Sold 4.57 8.73 11.33 8.20 8.33 6.26
Fund Market Price 7.35 15.04 15.30 11.10 10.79 8.23
Fund NAV 5.24 5.28 13.30 9.65 13.31 7.91
After Tax Held 5.24 4.54 12.17 8.54 12.30 7.06
After Tax Sold 3.10 3.06 9.80 7.02 10.57 6.00
Fund Market Price 4.80 5.10 13.19 9.64 13.33 7.89

Market returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Performance data quoted represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than performance data quoted. After-tax returns reflect the highest federal income tax rate but exclude state and local taxes. Fund performance reflects applicable fee waivers, absent which, performance data quoted would have been lower. After Tax Held and After Tax Sold are based on NAV. Returns less than one year are cumulative.

As the result of a reorganization on April 6, 2018, the returns presented reflect performance of the Guggenheim predecessor fund. Invesco is not affiliated with Guggenheim.

as of 09/30/2018

Growth of $10,000

Data beginning 10 years prior to the ending date of 09/30/2018. Fund performance shown at NAV.

An investor cannot invest directly in an index. The results assume that no cash was added to or assets withdrawn from the Index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.

Guggenheim Defensive Equity Index* performance prior to 10/24/2016 reflects that of the original Underlying Index, Sabrient Defense Equity Index. From 10/24/2016, forward, the Index performance reflects that of the Underlying Index, Guggenheim Defensive Equity Index AND IS NOT INTENDED FOR ANY THIRD PARTY USE.

as of 12/14/2018

Sector Allocation

as of 12/13/2018

Market Cap & Style Allocations

Large-Cap Value 21.05%
Large-Cap Blend 27.40%
Large-Cap Growth 22.06%
Mid-Cap Value 6.89%
Mid-Cap Blend 14.43%
Mid-Cap Growth 8.18%
Small-Cap Value -
Small-Cap Blend -
Small-Cap Growth -

as of 12/14/2018 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
SBUX Starbucks Corp 1.28
MKC McCormick & Co Inc/MD 1.24
BLL Ball Corp 1.20
CI Cigna Corp 1.18
OMC Omnicom Group Inc 1.18
MRK Merck & Co Inc 1.18
XEL Xcel Energy Inc 1.18
CME CME Group Inc 1.18
VAR Varian Medical Systems Inc 1.17
EXC Exelon Corp 1.14

Distributions | View All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
12/26/2017 12/27/2017 12/29/2017 0.75830 0.75830 - - -
12/23/2016 12/28/2016 12/30/2016 0.84750 0.84750 - - -
12/24/2015 12/29/2015 12/31/2015 1.15150 1.15150 - - -
12/24/2014 12/29/2014 12/31/2014 0.96300 0.96300 - - -
12/24/2013 12/27/2013 12/31/2013 0.78700 0.78700 - - -
12/24/2012 12/27/2012 12/31/2012 0.74700 0.74700 - - -
12/23/2011 12/28/2011 12/30/2011 0.37500 0.37500 - - -
12/27/2010 12/29/2010 12/31/2010 0.38800 0.38800 - - -
12/24/2009 12/29/2009 12/31/2009 0.56300 0.56300 - - -
12/24/2008 12/29/2008 12/31/2008 0.50000 0.50000 - - -

Frequency Distribution of Discounts & Premiums

    Bid/Ask MidPoint Above NAV
Quarter
Ending
Days 0.00-
0.25%
0.26-
0.50%
0.51-
0.99%
1.00-
1.49%
1.50-
1.99%
≥2.00%
09/30/2018 63 32 0 0 0 0 0
06/30/2018 64 17 0 0 0 0 0
03/31/2018 61 25 0 0 0 0 0
12/31/2017 63 33 1 0 0 0 0
Year Ended 2017 251 114 4 0 0 0 1
    Bid/Ask Midpoint Below NAV
Quarter
Ending
Days 0.00-
0.25%
0.26-
0.50%
0.51-
0.99%
1.00-
1.49%
1.50-
1.99%
≥2.00%
09/30/2018 63 31 0 0 0 0 0
06/30/2018 64 47 0 0 0 0 0
03/31/2018 61 36 0 0 0 0 0
12/31/2017 63 28 1 0 0 0 0
Year Ended 2017 251 131 1 0 0 0 0

Fund Inception: 12/15/2006

Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Performance data quoted represents past performance, which is not a guarantee of future results.


 Risk & Other Information

Typically, security classifications used in calculating allocation tables are as of the last trading day of the previous month.

There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Underlying Index. The Fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund.

Investments focused in a particular sector, such as consumer staples and financial, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

The Fund is non-diversified and may experience greater volatility than a more diversified investment.

Stocks in the Underlying Index may not exhibit the factor trait or provide specific factor exposure for which it was selected. As a result Fund's holdings may not exhibit returns consistent with that factor trait.

The fund may engage in frequent trading of its portfolio securities in connection with the rebalancing or adjustment of the Underlying Index.

The Fund seeks to track a quantitative strategy index, which invests in securities comprising an index created by a proprietary quantitative model. The Fund's return depends on the effectiveness of the model and factors used in the model's quantitative analysis and the weightings may not accurately predict a security's value. As a result, the Fund may have a lower return than if it tracked an index based on a fundamental investment strategy, or that did not incorporate quantitative analysis.

The Global Industry Classification Standard was developed by and is the exclusive property and a service mark of MSCI, Inc. and Standard & Poor's.

The Sabrient Defensive Equity Index is composed of stocks selected from a broad universe of US stocks and American depositary receipts (ADRs), based on their risk-return profiles during periods of stock market weakness and return potential during periods of market strength.

Invesco Defensive Equity Index is a trademark of Invesco Indexing LLC (index provider) and has been licensed for use by Invesco Capital Management LLC (investment adviser). Invesco Indexing LLC, Invesco Capital Management LLC, and Invesco Distributors, Inc. are wholly owned, indirect subsidiaries of Invesco Ltd.

as of 12/14/2018
3:56 PM EST

DEF
Intraday Stats

  • Last Trade $46.43
  • Current IIV $46.45
  • Change -$0.89
  • % Change -1.87%
as of 12/14/2018
  • NAV at market close $46.45

as of 12/14/2018

Fund Yield

  • SEC 30 Day Yield 1.57%
  • Distribution Rate 1.63%
  • 12 Month Distribution Rate 1.63%
  • 30-Day SEC Unsubsidized Yield
    as of 12/13/2018
    1.54%
as of 12/14/2018

Prior Close

  • Closing Price $47.32
  • Bid/Ask Midpoint $47.31
  • Bid/Ask Prem/Disc $0.86
  • Bid/Ask Prem/Disc 1.85%
as of 06/30/2018

Fund Characteristics

  • Price/Earnings Ratio1 19.38
  • Price/Book Ratio1 3.65
  • ROE2 29.85%
  • Avg Market Cap2 $52,419MM

1 Weighted Harmonic Average

2 Weighted Average

Fund Details

  • Fund Ticker DEF
  • CUSIP # 46138J775
  • ISIN US46138J7752
  • Intraday NAV DEFIV
  • Index Ticker IIDEFTR
  • Index Provider Invesco Indexing LLC
  • Management Fee 0.50%
  • Total Expense Ratio 0.61%
  • Fee Waiver 0.01%
  • Net Expense Ratio 0.60%
  • Options No
  • Exchange NYSE Arca
  • Inception Date 12/15/2006
  • # of Holdings 100
    as of 12/14/2018
as of 12/14/2018

Quick Facts

  • Previous Close $47.32
  • Open $47.00
  • Today's High $47.05
  • Today's Low $46.39
  • Today's Volume 5,706
  • 23,770 30-Day Avg Trading
    Volume
  • 52 Week High $50.43
  • 52 Week Low $44.01
  • Shares Outstanding 3.95MM
  • Market Value $183.5MM