Product Details
The Invesco PHLX Semiconductor ETF (Fund) is based on the PHLX Semiconductor Sector Index (Index). The Fund will normally invest at least 90% of its total assets in the securities that comprise the Index. The Index is designed to measure the performance of the 30 largest U.S.-listed securities of companies engaged in the semiconductor business. Semiconductors include products such as memory chips, microprocessors, integrated circuits and related equipment that serve a wide variety of purposes in various types of electronics, including in personal household products, automobiles and computers, among others. The Index includes companies engaged in the design, distribution, manufacture and sale of semiconductors. The Fund and the Index are reconstituted annually in September and rebalanced quarterly in March, June, September and December.
Performance
| Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
|---|---|---|---|---|---|---|
| PHLX Semiconductor Sector Index-TR | 46.18 | 39.00 | 19.14 | 23.15 | 25.21 | 7.67 |
| S&P Composite 1500 Semiconductors Total Return Index (USD) | 85.69 | 77.21 | 25.50 | 24.90 | 25.63 | 21.84 |
| Fund History (%) | ||||||
| Fund NAV | 46.02 | 38.78 | N/A | N/A | N/A | 7.52 |
| After Tax Held | 45.69 | 38.24 | N/A | N/A | N/A | 7.16 |
| After Tax Sold | 27.22 | 23.01 | N/A | N/A | N/A | 5.68 |
| Fund Market Price | 46.07 | 38.56 | N/A | N/A | N/A | 7.57 |
| Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
|---|---|---|---|---|---|---|
| PHLX Semiconductor Sector Index-TR | 46.01 | 45.77 | 24.20 | 24.78 | 24.98 | 8.26 |
| S&P Composite 1500 Semiconductors Total Return Index (USD) | 73.51 | 71.39 | 28.48 | 24.58 | 24.46 | 19.78 |
| Fund History (%) | ||||||
| Fund NAV | 45.87 | 45.45 | N/A | N/A | N/A | 8.10 |
| After Tax Held | 45.54 | 44.89 | N/A | N/A | N/A | 7.71 |
| After Tax Sold | 27.13 | 26.96 | N/A | N/A | N/A | 6.11 |
| Fund Market Price | 45.97 | 45.34 | N/A | N/A | N/A | 8.17 |
This is a new Fund and has no full-year Fund performance to report as of most recent quarter end.
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.
Please keep in mind that high, double-digit and/or triple-digit returns are highly unusual and cannot be sustained.
Growth of $10,000
Data beginning 10 years prior to the ending date of 06/30/2023. 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.
Market Cap & Style Allocations
| Large-Cap Value | 17.07% |
| Large-Cap Blend | 35.59% |
| Large-Cap Growth | 31.10% |
| Mid-Cap Value | 1.33% |
| Mid-Cap Blend | 4.80% |
| Mid-Cap Growth | 7.39% |
| Small-Cap Value | - |
| Small-Cap Blend | 0.85% |
| Small-Cap Growth | 1.86% |
as of 09/22/2023 Top Holdings
Fund Holdings subject to change
| Ticker | Company | % of Fund |
|---|---|---|
| INTC | Intel Corp | 8.48 |
| TXN | Texas Instruments Inc | 8.32 |
| AMD | Advanced Micro Devices Inc | 7.93 |
| AVGO | Broadcom Inc | 7.83 |
| NVDA | NVIDIA Corp | 7.35 |
| MU | Micron Technology Inc | 4.29 |
| ADI | Analog Devices Inc | 4.21 |
| NXPI | NXP Semiconductors NV | 4.17 |
| QCOM | QUALCOMM Inc | 4.10 |
| TSM | Taiwan Semiconductor Manufacturing Co Ltd ADR | 3.99 |
Distributions | Hide View All | Distribution Information
| Ex-Date | Record Date | Pay Date | $/ Share |
Ordinary Income | Short Term Gains | Long Term Gains | Return of Capital | Liquidation Distribution |
|---|---|---|---|---|---|---|---|---|
| 09/18/2023 | 09/19/2023 | 09/22/2023 | 0.06375 | 0.06375 | - | - | - | - |
| 06/20/2023 | 06/21/2023 | 06/23/2023 | 0.06954 | 0.06954 | - | - | - | - |
| 03/20/2023 | 03/21/2023 | 03/24/2023 | 0.07705 | 0.07705 | - | - | - | - |
| 12/19/2022 | 12/20/2022 | 12/23/2022 | 0.06694 | 0.06694 | - | - | - | - |
| 09/19/2022 | 09/20/2022 | 09/23/2022 | 0.06860 | 0.06860 | - | - | - | - |
| 06/21/2022 | 06/22/2022 | 06/30/2022 | 0.07024 | 0.07024 | - | - | - | - |
| 03/21/2022 | 03/22/2022 | 03/31/2022 | 0.06487 | 0.06487 | - | - | - | - |
| 12/20/2021 | 12/21/2021 | 12/31/2021 | 0.14770 | 0.14770 | - | - | - | - |
| 09/20/2021 | 09/21/2021 | 09/30/2021 | 0.07905 | 0.07905 | - | - | - | - |
Distribution Information
Fund distributions
Dividends from net investment income, if any, are declared and paid quarterly. For Funds on a quarterly dividend payment cycle, the dividend ex-date is the next business day following the third Friday of each March, June, September and December, payable the last business day of April, July, October and December respectively.
The fund distributes its net realized capital gains, if any, to shareholders annually.
Distributions in cash may be reinvested automatically in additional whole shares of the fund only if the broker through whom you purchased shares makes such option available. Shareholders of the fund may contact their broker to determine the availability and costs of the service and the details of participation. Brokers may require shareholders to adhere to specific procedures and timetables. If this service is available and used, dividend distributions of both income and realized gains will be automatically reinvested in additional whole shares of the fund purchased in the secondary market.
Taxes on distributions
In general, your distributions are subject to federal income tax when they are paid, whether you take them in cash or reinvest them in the Fund. Dividends paid out of the Fund's income and net short-term gains, if any, are taxable as ordinary income. Distributions of net long-term capital gains, if any, in excess of net short-term capital losses are taxable as long-term capital gains, regardless of how long you have held the Shares. Dividends from net investment income, if any, are declared and paid quarterly. The Fund may also pay a special distribution at the end of the calendar year to comply with federal tax requirements.
Under the provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003 (the "2003 Tax Act"), long-term capital gains tax rates have generally been reduced for individuals to a maximum of 15% for taxable years beginning before January 1, 2009. In addition, some ordinary dividends declared and paid by the Fund to individual shareholders may qualify for taxation at the lower reduced tax rates applicable to long-term capital gains, provided that holding period and other requirements are met by the Fund and the shareholder.
Distributions in excess of the Fund's current and accumulated earnings and profits are treated as a tax-free return of capital to the extent of your basis in the Shares, and as capital gain thereafter. A distribution will reduce the Fund's net asset value per Share and may be taxable to you as ordinary income or capital gain even though, from an investment standpoint, the distribution may constitute a return of capital.
By law, the Fund must withhold a percentage of your distributions and proceeds if you have not provided a taxpayer identification number or social security number. The backup withholding rate is currently 28%.
Fund distributions
Dividends from net investment income, if any, are declared and paid either annually, quarterly or monthly, depending on the Fund. For funds on an annual dividend payment cycle, the dividend ex-date is the next business day following the third Friday of December, payable the last business day of the year. For funds on a quarterly dividend payment cycle, the dividend ex-date is the next business day following the third Friday of each March, June, September and December, payable the last business day of the month. For funds on a monthly dividend payment cycle, the dividend ex-date is the next business day following the third Friday of each month, payable the last business day of the month.
The fund distributes its net realized capital gains, if any, to shareholders annually.
Distributions in cash may be reinvested automatically in additional whole shares of the fund only if the broker through whom you purchased shares makes such option available. Shareholders of the fund may contact their broker to determine the availability and costs of the service and the details of participation. Brokers may require shareholders to adhere to specific procedures and timetables. If this service is available and used, dividend distributions of both income and realized gains will be automatically reinvested in additional whole shares of the fund purchased in the secondary market.
Taxes on distributions
In general, your distributions are subject to federal income tax when they are paid, whether you take them in cash or reinvest them in the Fund. Dividends paid out of the Fund's income and net short-term gains, if any, are taxable as ordinary income. Distributions of net long-term capital gains, if any, in excess of net short-term capital losses are taxable as long-term capital gains, regardless of how long you have held the Shares. Dividends from net investment income, if any, are declared and paid quarterly. The Fund may also pay a special distribution at the end of the calendar year to comply with federal tax requirements.
Under the provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003 (the "2003 Tax Act"), long-term capital gains tax rates have generally been reduced for individuals to a maximum of 15% for taxable years beginning before January 1, 2009. In addition, some ordinary dividends declared and paid by the Fund to individual shareholders may qualify for taxation at the lower reduced tax rates applicable to long-term capital gains, provided that holding period and other requirements are met by the Fund and the shareholder.
Distributions in excess of the Fund's current and accumulated earnings and profits are treated as a tax-free return of capital to the extent of your basis in the Shares, and as capital gain thereafter. A distribution will reduce the Fund's net asset value per Share and may be taxable to you as ordinary income or capital gain even though, from an investment standpoint, the distribution may constitute a return of capital.
By law, the Fund must withhold a percentage of your distributions and proceeds if you have not provided a taxpayer identification number or social security number. The backup withholding rate is currently 28%.
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% |
| 06/30/2023 | 62 | 41 | 0 | 0 | 0 | 0 | 0 |
| 03/31/2023 | 62 | 30 | 0 | 0 | 0 | 0 | 0 |
| 12/31/2022 | 63 | 31 | 3 | 0 | 0 | 0 | 0 |
| 09/30/2022 | 64 | 26 | 9 | 1 | 0 | 0 | 0 |
| Year Ended 2022 | 251 | 102 | 27 | 5 | 0 | 0 | 0 |
| 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% |
| 06/30/2023 | 62 | 21 | 0 | 0 | 0 | 0 | 0 |
| 03/31/2023 | 62 | 32 | 0 | 0 | 0 | 0 | 0 |
| 12/31/2022 | 63 | 28 | 1 | 0 | 0 | 0 | 0 |
| 09/30/2022 | 64 | 26 | 2 | 0 | 0 | 0 | 0 |
| Year Ended 2022 | 251 | 97 | 17 | 3 | 0 | 0 | 0 |
Fund Inception : 06/11/2021
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.
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.
Fund Documents
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 industry, such as semiconductor, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.
Stocks of medium-sized companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquid or restricted as to resale.
The risks of investing in securities of foreign issuers can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues.
The Fund is non-diversified and may experience greater volatility than a more diversified investment.
The Invesco PHLX Semiconductor ETF is not sponsored, endorsed, sold or promoted by the NASDAQ OMX Group, Inc. or its affiliates (NASDAQ OMX, with its affiliates, are referred to as the "Corporations"). The Corporations have no liability in connection with the administration, marketing or trading of the Invesco PHLX Semiconductor ETF. "NASDAQ®" is a registered trademark and is used under license.
The S&P Composite 1500® Semiconductor (S&P Semiconductor) Index consists of all semiconductor stocks included in the S&P Composite 1500® Index.
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