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Invesco Aerospace & Defense ETF

Product Details

The Invesco Aerospace & Defense ETF (Fund) is based on the SPADE™ Defense Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to identify a group of companies involved in the development, manufacturing, operations and support of US defense, homeland security and aerospace operations. The Fund and the Index are rebalanced and reconstituted quarterly.

as of 12/31/2020

Morningstar Rating

Overall Rating - Industrials Category

As of 12/31/2020 the Fund had an overall rating of 4 stars out of 38 funds and was rated 3 stars out of 38 funds, 4 stars out of 33 funds and 5 stars out of 28 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. ©2020 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 12/31/2020 12/31/2020

Performance

Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
SPADE Defense Index 0.85 0.85 9.68 15.67 15.87 12.38
S&P Composite 1500 Aerospace & Defense Index -14.62 -14.62 1.05 11.64 14.12 11.95
Fund History (%)
Fund NAV 0.37 0.37 9.07 15.00 15.16 11.68
After Tax Held -0.13 -0.13 8.74 14.65 14.83 11.43
After Tax Sold 0.14 0.14 6.93 11.97 12.75 9.99
Fund Market Price 0.53 0.53 9.03 14.98 15.16 11.68
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
SPADE Defense Index 0.85 0.85 9.68 15.67 15.87 12.38
S&P Composite 1500 Aerospace & Defense Index -14.62 -14.62 1.05 11.64 14.12 11.95
Fund History (%)
Fund NAV 0.37 0.37 9.07 15.00 15.16 11.68
After Tax Held -0.13 -0.13 8.74 14.65 14.83 11.43
After Tax Sold 0.14 0.14 6.93 11.97 12.75 9.99
Fund Market Price 0.53 0.53 9.03 14.98 15.16 11.68

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 of 09/30/2020

Growth of $10,000

Data beginning 10 years prior to the ending date of 09/30/2020. 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 01/14/2021

Market Cap & Style Allocations

Large-Cap Value 23.70%
Large-Cap Blend 15.66%
Large-Cap Growth -
Mid-Cap Value 4.11%
Mid-Cap Blend 22.87%
Mid-Cap Growth 9.24%
Small-Cap Value 3.70%
Small-Cap Blend 15.89%
Small-Cap Growth 4.82%

Quality Allocations as of 01/15/2021

S&P Moody's
A : 6% A : 0%

as of 01/15/2021 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
LMT Lockheed Martin Corp 6.47
RTX Raytheon Technologies Corp 6.45
HON Honeywell International Inc 6.44
BA Boeing Co/The 6.17
NOC Northrop Grumman Corp 4.73
GD General Dynamics Corp 4.54
LHX L3Harris Technologies Inc 4.50
TDG TransDigm Group Inc 4.26
BLL Ball Corp 3.84
LDOS Leidos Holdings Inc 3.44
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 | HideView All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital Liquidation Distribution
12/21/2020 12/22/2020 12/31/2020 0.09339 0.09339 - - - -
09/21/2020 09/22/2020 09/30/2020 0.10530 0.10530 - - - -
06/22/2020 06/23/2020 06/30/2020 0.11204 0.11204 - - - -
03/23/2020 03/24/2020 03/31/2020 0.28753 0.28753 - - - -
12/23/2019 12/24/2019 12/31/2019 0.13932 0.13932 - - - -
09/23/2019 09/24/2019 09/30/2019 0.29915 0.29915 - - - -
06/24/2019 06/25/2019 06/28/2019 0.13945 0.13945 - - - -
03/18/2019 03/19/2019 03/29/2019 0.07393 0.07393 - - - -
12/24/2018 12/26/2018 12/31/2018 0.13305 0.13305 - - - -
09/24/2018 09/25/2018 09/28/2018 0.12601 0.12601 - - - -
06/18/2018 06/19/2018 06/29/2018 0.15034 0.15034 - - - -
03/19/2018 03/20/2018 03/29/2018 0.03475 0.03475 - - - -
09/18/2017 09/19/2017 09/29/2017 0.25035 0.25035 - - - -
06/16/2017 06/20/2017 06/30/2017 0.11307 0.11307 - - - -
12/16/2016 12/20/2016 12/30/2016 0.25794 0.25794 - - - -
09/16/2016 09/20/2016 09/30/2016 0.25615 0.25615 - - - -
06/17/2016 06/21/2016 06/30/2016 0.13554 0.13554 - - - -
03/18/2016 03/22/2016 03/31/2016 0.05859 0.05859 - - - -
12/18/2015 12/22/2015 12/31/2015 0.26462 0.26462 - - - -
09/18/2015 09/22/2015 09/30/2015 0.07203 0.07203 - - - -
06/19/2015 06/23/2015 06/30/2015 0.10839 0.10839 - - - -
03/20/2015 03/24/2015 03/31/2015 0.05691 0.05691 - - - -
12/19/2014 12/23/2014 12/31/2014 0.05403 0.05403 - - - -
09/19/2014 09/23/2014 09/30/2014 0.09820 0.09820 - - - -
06/20/2014 06/24/2014 06/30/2014 0.06306 0.06306 - - - -
12/20/2013 12/24/2013 12/31/2013 0.07974 0.07974 - - - -
09/20/2013 09/24/2013 09/30/2013 0.17198 0.17198 - - - -
06/21/2013 06/25/2013 06/28/2013 0.13778 0.13778 - - - -
03/15/2013 03/19/2013 03/28/2013 0.00000 0.00000 - - - -
12/21/2012 12/26/2012 12/31/2012 0.12969 0.12969 - - - -
09/21/2012 09/25/2012 09/28/2012 0.18954 0.18954 - - - -
06/15/2012 06/19/2012 06/29/2012 0.11327 0.11327 - - - -
03/16/2012 03/20/2012 03/30/2012 0.01099 0.01099 - - - -
09/16/2011 09/20/2011 09/30/2011 0.09878 0.09878 - - - -
06/17/2011 06/21/2011 06/30/2011 0.07828 0.07828 - - - -
03/18/2011 03/22/2011 03/31/2011 0.02172 0.02172 - - - -
12/17/2010 12/21/2010 12/31/2010 0.05727 0.05727 - - - -
09/17/2010 09/21/2010 09/30/2010 0.04628 0.04628 - - - -
06/18/2010 06/22/2010 06/30/2010 0.04774 0.04774 - - - -
03/19/2010 03/23/2010 03/31/2010 0.00443 0.00443 - - - -
12/18/2009 12/22/2009 12/31/2009 0.10428 0.10428 - - - -
09/18/2009 09/22/2009 09/30/2009 0.04452 0.04452 - - - -
06/19/2009 06/23/2009 06/30/2009 0.05309 0.05309 - - - -
12/19/2008 12/23/2008 12/31/2008 0.09021 0.09021 - - - -
09/19/2008 09/23/2008 09/30/2008 0.01884 0.01884 - - - -
06/20/2008 06/24/2008 06/30/2008 0.03611 0.03611 - - - -
12/21/2007 12/26/2007 12/31/2007 0.01399 0.01399 - - - -
09/21/2007 09/25/2007 09/28/2007 0.01038 0.01038 - - - -
06/15/2007 06/19/2007 06/29/2007 0.01862 0.01862 - - - -
03/16/2007 03/20/2007 03/30/2007 0.01223 0.01223 - - - -
12/15/2006 12/19/2006 12/29/2006 0.00968 0.00968 - - - -
09/15/2006 09/19/2006 09/29/2006 0.02002 0.02002 - - - -
06/16/2006 06/20/2006 06/30/2006 0.02120 0.02120 - - - -
12/16/2005 12/20/2005 12/30/2005 0.02191 0.02191 - - - -

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%
12/31/2020 64 24 5 0 0 0 0
09/30/2020 64 32 1 0 0 0 0
06/30/2020 63 21 12 0 0 0 0
03/31/2020 62 20 2 0 0 0 0
Year Ended 2020 253 97 20 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%
12/31/2020 64 32 3 0 0 0 0
09/30/2020 64 29 2 0 0 0 0
06/30/2020 63 23 7 0 0 0 0
03/31/2020 62 35 3 1 1 0 0
Year Ended 2020 253 119 15 1 1 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

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 aerospace and defense, 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 S&P Composite 1500® Aerospace & Defense (S&P Aerospace & Defense) Index consists of all aerospace and defense 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.

The SPADE Defense Index is a trademark of ISBC LLC and is licensed for use by Invesco Capital Management LLC in connection with the Invesco Aerospace & Defense ETF. ISBC's only relationship to Invesco is ISBC's licensing to Invesco certain ISBC trademarks, Indexes and trade names, which are composed by ISBC without regard to Invesco, this Product or any investor, and ISBC makes no warranty or representation regarding the advisability of purchasing, holding or trading this Product.