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Invesco Building & Construction ETF

Ticker: PKB
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Product Details

The Invesco Building & Construction ETF (Fund) is based on the Dynamic Building & Construction Intellidex℠ Index (Index). The Fund will normally invest at least 90% of its total assets in the securities that comprise the Index. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Index is comprised of securities of 30 US building and construction companies. These are companies that are primarily engaged in providing construction and related engineering services for building and remodeling residential properties, commercial or industrial buildings, or working on large-scale infrastructure projects, such as highways, tunnels, bridges, dams, power lines, and airports. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Effective after the close of markets on Aug. 25, 2023, the Fund’s name changed from Invesco Dynamic Building & Construction ETF to Invesco Building & Construction ETF. No other changes were made to the Fund. See the prospectus for more information.

as of 03/31/2024

Morningstar Rating ™

Overall Rating - Industrials Category

As of 03/31/2024 the Fund had an overall rating of 4 stars out of 42 funds and was rated 4 stars out of 42 funds, 5 stars out of 40 funds and 3 stars out of 32 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. ©2024 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 03/31/2024 03/31/2024

Performance

Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Dynamic Building & Construction Intellidex Index 18.85 64.35 16.27 23.20 13.64 10.43
S&P Composite 1500 Construction & Engineering Total Return Index (USD) 23.45 44.22 26.96 28.41 13.00 11.56
Fund History (%)
Fund NAV 18.68 63.44 15.60 22.47 12.92 9.61
After Tax Held 18.67 63.29 15.49 22.35 12.84 9.48
After Tax Sold 11.06 37.59 12.23 18.45 10.83 8.25
Fund Market Price 18.54 63.34 15.43 22.46 12.91 9.60
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Dynamic Building & Construction Intellidex Index 18.85 64.35 16.27 23.20 13.64 10.43
S&P Composite 1500 Construction & Engineering Total Return Index (USD) 23.45 44.22 26.96 28.41 13.00 11.56
Fund History (%)
Fund NAV 18.68 63.44 15.60 22.47 12.92 9.61
After Tax Held 18.67 63.29 15.49 22.35 12.84 9.48
After Tax Sold 11.06 37.59 12.23 18.45 10.83 8.25
Fund Market Price 18.54 63.34 15.43 22.46 12.91 9.60

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.

as of 03/31/2024

Growth of $10,000

Data beginning 10 years prior to the ending date of 03/31/2024. 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.

as of 04/22/2024

Market Cap & Style Allocations

Large-Cap Value 4.81%
Large-Cap Blend 4.47%
Large-Cap Growth -
Mid-Cap Value 15.85%
Mid-Cap Blend 10.22%
Mid-Cap Growth 12.81%
Small-Cap Value 13.07%
Small-Cap Blend 21.46%
Small-Cap Growth 17.29%

as of 04/24/2024 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
MLM Martin Marietta Materials Inc 5.24
PHM PulteGroup Inc 5.14
CSL Carlisle Cos Inc 5.11
NVR NVR Inc 4.96
LEN Lennar Corp 4.82
VMC Vulcan Materials Co 4.82
DHI DR Horton Inc 4.81
HD Home Depot Inc/The 4.34
STRL Sterling Infrastructure Inc 3.17
SWX Southwest Gas Holdings Inc 3.14
The characterizations of distributions reflected in this table are as of the date noted below. The actual amounts of income, capital gains and return of capital for tax purposes are only determined after the Fund’s fiscal year end, and may differ from the amounts and characterizations reflected in the chart below. Please refer to the Tax Center for the most current and/or final characterizations of these distributions, including any distributions characterized as return of capital.

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
03/18/2024 03/19/2024 03/22/2024 0.02736 0.02736 - - - -
12/18/2023 12/19/2023 12/22/2023 0.04143 0.04143 - - - -
09/18/2023 09/19/2023 09/22/2023 0.04913 0.04913 - - - -
06/20/2023 06/21/2023 06/23/2023 0.07546 0.07546 - - - -
03/20/2023 03/21/2023 03/24/2023 0.04112 0.04112 - - - -
12/19/2022 12/20/2022 12/23/2022 0.06575 0.06575 - - - -
09/19/2022 09/20/2022 09/23/2022 0.04917 0.04917 - - - -
06/21/2022 06/22/2022 06/30/2022 0.04147 0.04147 - - - -
03/21/2022 03/22/2022 03/31/2022 0.01988 0.01988 - - - -
12/20/2021 12/21/2021 12/31/2021 0.03989 0.03989 - - - -
09/20/2021 09/21/2021 09/30/2021 0.03792 0.03792 - - - -
06/21/2021 06/22/2021 06/30/2021 0.04192 0.04192 - - - -
03/22/2021 03/23/2021 03/31/2021 0.01934 0.01934 - - - -
12/21/2020 12/22/2020 12/31/2020 0.01927 0.01927 - - - -
09/21/2020 09/22/2020 09/30/2020 0.04135 0.04135 - - - -
06/22/2020 06/23/2020 06/30/2020 0.04367 0.04367 - - - -
03/23/2020 03/24/2020 03/31/2020 0.01925 0.01925 - - - -
12/23/2019 12/24/2019 12/31/2019 0.03333 0.03333 - - - -
09/23/2019 09/24/2019 09/30/2019 0.03585 0.03585 - - - -
06/24/2019 06/25/2019 06/28/2019 0.05077 0.05077 - - - -
03/18/2019 03/19/2019 03/29/2019 0.00256 0.00256 - - - -
12/24/2018 12/26/2018 12/31/2018 0.04817 0.04817 - - - -
09/24/2018 09/25/2018 09/28/2018 0.02800 0.02800 - - - -
06/18/2018 06/19/2018 06/29/2018 0.05336 0.05336 - - - -
12/18/2017 12/19/2017 12/29/2017 0.02511 0.02511 - - - -
09/18/2017 09/19/2017 09/29/2017 0.01118 0.01118 - - - -
06/16/2017 06/20/2017 06/30/2017 0.02385 0.02385 - - - -
12/16/2016 12/20/2016 12/30/2016 0.04277 0.04277 - - - -
09/16/2016 09/20/2016 09/30/2016 - - - - - -
06/17/2016 06/21/2016 06/30/2016 0.04449 0.04449 - - - -
03/18/2016 03/22/2016 03/31/2016 - - - - - -
12/18/2015 12/22/2015 12/31/2015 0.01434 0.01434 - - - -
09/18/2015 09/22/2015 09/30/2015 - - - - - -
06/19/2015 06/23/2015 06/30/2015 0.01249 0.01249 - - - -
03/20/2015 03/24/2015 03/31/2015 - - - - - -
12/19/2014 12/23/2014 12/31/2014 0.01650 0.01650 - - - -
06/20/2014 06/24/2014 06/30/2014 0.00453 0.00453 - - - -
09/20/2013 09/24/2013 09/30/2013 0.00000 0.00000 - - - -
06/21/2013 06/25/2013 06/28/2013 0.00000 0.00000 - - - -
03/15/2013 03/19/2013 03/28/2013 0.00000 0.00000 - - - -
12/21/2012 12/26/2012 12/31/2012 0.08137 0.08137 - - - -
09/21/2012 09/25/2012 09/28/2012 0.00000 0.00000 - - - -
06/15/2012 06/19/2012 06/29/2012 0.01024 0.01024 - - - -
03/16/2012 03/20/2012 03/30/2012 0.00000 0.00000 - - - -
12/16/2011 12/20/2011 12/30/2011 0.00388 0.00388 - - - -
09/16/2011 09/20/2011 09/30/2011 0.01156 0.01156 - - - -
12/17/2010 12/21/2010 12/31/2010 0.78021 0.78021 - - - -
12/18/2009 12/22/2009 12/31/2009 0.00605 0.00605 - - - -
06/19/2009 06/23/2009 06/30/2009 0.00932 0.00932 - - - -
06/20/2008 06/24/2008 06/30/2008 0.02267 0.02267 - - - -
06/15/2007 06/19/2007 06/29/2007 0.02063 0.02063 - - - -
06/16/2006 06/20/2006 06/30/2006 0.00381 0.00381 - - - -
12/16/2005 12/20/2005 12/30/2005 0.00730 0.00730 - - - -

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%
03/31/2024 61 27 0 0 0 0 1
12/31/2023 63 41 0 0 0 0 0
09/30/2023 63 28 0 0 0 0 0
06/30/2023 62 38 0 0 0 0 0
Year Ended 2023 250 130 0 0 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%
03/31/2024 61 32 0 1 0 0 0
12/31/2023 63 22 0 0 0 0 0
09/30/2023 63 35 0 0 0 0 0
06/30/2023 62 24 0 0 0 0 0
Year Ended 2023 250 120 0 0 0 0 0

Fund Inception : 10/26/2005

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.

Premiums/Discounts

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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 industry, such as building and construction, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

Stocks of small and mid-sized companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquid or restricted as to resale.

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

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

The S&P Composite 1500® Construction & Engineering (S&P Construction & Engineering) Index consists of all construction and engineering stocks included in the S&P Composite 1500® Index.

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

ICE Data Indices, LLC, is used with permission. Dynamic Building & Construction IntellidexSM (“Index”) is a service/trade mark of ICE Data Indices, LLC or its affiliates and has been licensed for use by Invesco Capital Management LLC, in connection with the Invesco Dynamic Building & Construction ETF (the “Product”). Neither Invesco Capital Management LLC, Invesco Exchange-Traded Fund Trust nor the Product, as applicable, is sponsored, endorsed, sold or promoted by ICE Data Indices, LLC, its affiliates or its Third Party Suppliers (“ICE Data and its Suppliers”).  ICE Data and its Suppliers make no representations or warranties regarding the advisability of investing in securities generally, in the Product particularly, the Trust or the ability of the Index to track general market performance. Past performance of an Index is not an indicator of or a guarantee of future results.

ICE DATA AND ITS SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY INFORMATION INCLUDED IN, RELATED TO, OR DERIVED THEREFROM (“INDEX DATA”). ICE DATA AND ITS SUPPLIERS SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY WITH RESPECT TO THE ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES AND THE INDEX DATA, WHICH ARE PROVIDED ON AN “AS IS” BASIS AND YOUR USE IS AT YOUR OWN RISK.

Beta is a measure of risk representing how a security is expected to respond to general market movements. Smart Beta represents an alternative and selection index based methodology that seeks to outperform a benchmark or reduce portfolio risk, or both. Smart beta funds may underperform cap-weighted benchmarks and increase portfolio risk.

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