Product Details
The Invesco KBW High Dividend Yield Financial ETF (Fund) is based on the KBW Nasdaq Financial Sector Dividend Yield Index (Index). The Fund generally will invest at least 90% of its total assets in the securities of publicly listed financial companies with competitive dividend yields, in the United States and that comprise the Index. Keefe Bruyette & Woods, Inc. ("KBW Nasdaq" or the "Index Provider") compiles, maintains and calculates the Index, which is a modified-dividend yield-weighted index of companies principally engaged in the business of providing financial services and products, as determined by the Index provider. The Fund and the Index are rebalanced and reconstituted quarterly.
Performance
Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
---|---|---|---|---|---|---|
KBW Nasdaq Financial Sector Dividend Yield Index | 0.28 | -1.14 | 11.03 | 0.30 | 3.04 | 5.10 |
S&P 500 Financials Index | -4.07 | -2.69 | 12.92 | 6.54 | 9.06 | 9.97 |
Fund History (%) | ||||||
Fund NAV | 0.07 | -1.54 | 10.56 | 0.22 | 2.91 | 4.89 |
After Tax Held | -3.93 | -6.12 | 6.54 | -3.46 | -0.08 | 2.05 |
After Tax Sold | 0.22 | -0.66 | 6.84 | -1.14 | 1.42 | 3.14 |
Fund Market Price | 0.13 | -1.61 | 10.61 | 0.21 | 2.89 | 4.90 |
Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
---|---|---|---|---|---|---|
KBW Nasdaq Financial Sector Dividend Yield Index | 11.98 | 23.75 | 15.14 | 1.63 | 4.35 | 6.04 |
S&P 500 Financials Index | -1.65 | 11.73 | 13.55 | 6.04 | 9.69 | 10.26 |
Fund History (%) | ||||||
Fund NAV | 11.59 | 23.02 | 14.57 | 1.57 | 4.20 | 5.82 |
After Tax Held | 7.59 | 17.37 | 10.44 | -2.11 | 1.20 | 2.97 |
After Tax Sold | 6.79 | 13.58 | 9.75 | -0.28 | 2.29 | 3.76 |
Fund Market Price | 11.66 | 22.75 | 14.51 | 1.54 | 4.20 | 5.83 |
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.
Growth of $10,000
Data beginning Fund inception and ending 09/30/2023. 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 | - |
Large-Cap Blend | - |
Large-Cap Growth | - |
Mid-Cap Value | 4.35% |
Mid-Cap Blend | - |
Mid-Cap Growth | - |
Small-Cap Value | 85.80% |
Small-Cap Blend | 9.85% |
Small-Cap Growth | - |
as of 12/04/2023 Top Holdings | View All
Fund Holdings subject to change
Ticker | Company | % of Fund |
---|---|---|
ARR | ARMOUR Residential REIT Inc | 6.54 |
ORC | Orchid Island Capital Inc | 4.34 |
FSK | FS KKR Capital Corp | 3.53 |
AGNC | AGNC Investment Corp | 3.52 |
TWO | Two Harbors Investment Corp | 3.51 |
TRIN | Trinity Capital Inc | 3.49 |
EFC | Ellington Financial Inc | 3.45 |
PMT | PennyMac Mortgage Investment Trust | 3.43 |
GSBD | Goldman Sachs BDC Inc | 3.40 |
MFA | MFA Financial Inc | 3.40 |
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 |
---|---|---|---|---|---|---|---|---|
11/20/2023 | 11/21/2023 | 11/24/2023 | 0.14671 | 0.14671 | - | - | - | - |
10/23/2023 | 10/24/2023 | 10/27/2023 | 0.14303 | 0.14303 | - | - | - | - |
09/18/2023 | 09/19/2023 | 09/22/2023 | 0.13577 | 0.13577 | - | - | - | - |
08/21/2023 | 08/22/2023 | 08/25/2023 | 0.17076 | 0.17076 | - | - | - | - |
07/24/2023 | 07/25/2023 | 07/28/0203 | 0.16955 | 0.16955 | - | - | - | - |
06/20/2023 | 06/21/2023 | 06/23/2023 | 0.16201 | 0.16201 | - | - | - | - |
05/22/2023 | 05/23/2023 | 05/26/2023 | 0.16191 | 0.16191 | - | - | - | - |
04/24/2023 | 04/25/2023 | 04/28/2023 | 0.15391 | 0.15391 | - | - | - | - |
03/20/2023 | 03/21/2023 | 03/24/2023 | 0.14641 | 0.14641 | - | - | - | - |
02/21/2023 | 02/22/2023 | 02/24/2023 | 0.14425 | 0.14425 | - | - | - | - |
01/23/2023 | 01/24/2023 | 01/27/2023 | 0.14172 | 0.14172 | - | - | - | - |
12/19/2022 | 12/20/2022 | 12/23/2022 | 0.14213 | 0.14213 | - | - | - | - |
11/21/2022 | 11/22/2022 | 11/25/2022 | 0.14101 | 0.14101 | - | - | - | - |
10/24/2022 | 10/25/2022 | 10/28/2022 | 0.14076 | 0.14076 | - | - | - | - |
09/19/2022 | 09/20/2022 | 09/23/2022 | 0.13995 | 0.13995 | - | - | - | - |
08/22/2022 | 08/23/2022 | 08/26/2022 | 0.14798 | 0.14798 | - | - | - | - |
07/18/2022 | 07/19/2022 | 07/22/2022 | 0.14549 | 0.14549 | - | - | - | - |
06/21/2022 | 06/22/2022 | 06/30/2022 | 0.14049 | 0.14049 | - | - | - | - |
05/23/2022 | 05/24/2022 | 05/31/2022 | 0.13731 | 0.13731 | - | - | - | - |
04/18/2022 | 04/19/2022 | 04/29/2022 | 0.13708 | 0.13708 | - | - | - | - |
03/21/2022 | 03/22/2022 | 03/31/2022 | 0.13722 | 0.13722 | - | - | - | - |
02/22/2022 | 02/23/2022 | 02/28/2022 | 0.13691 | 0.13691 | - | - | - | - |
01/24/2022 | 01/25/2022 | 01/31/2022 | 0.13594 | 0.13594 | - | - | - | - |
12/20/2021 | 12/21/2021 | 12/31/2021 | 0.13464 | 0.13464 | - | - | - | - |
11/22/2021 | 11/23/2021 | 11/30/2021 | 0.13295 | 0.13295 | - | - | - | - |
10/18/2021 | 10/19/2021 | 10/29/2021 | 0.13159 | 0.13159 | - | - | - | - |
09/20/2021 | 09/21/2021 | 09/30/2021 | 0.12842 | 0.12842 | - | - | - | - |
08/23/2021 | 08/24/2021 | 08/31/2021 | 0.12529 | 0.12529 | - | - | - | - |
07/19/2021 | 07/20/2021 | 07/30/2021 | 0.12322 | 0.12322 | - | - | - | - |
06/21/2021 | 06/22/2021 | 06/30/2021 | 0.12164 | 0.12164 | - | - | - | - |
05/24/2021 | 05/25/2021 | 05/28/2021 | 0.11857 | 0.11857 | - | - | - | - |
04/19/2021 | 04/20/2021 | 04/30/2021 | 0.11586 | 0.11586 | - | - | - | - |
03/22/2021 | 03/23/2021 | 03/31/2021 | 0.10758 | 0.10758 | - | - | - | - |
02/22/2021 | 02/23/2021 | 02/26/2021 | 0.11259 | 0.11259 | - | - | - | - |
01/19/2021 | 01/20/2021 | 01/29/2021 | 0.12067 | 0.12067 | - | - | - | - |
12/21/2020 | 12/22/2020 | 12/31/2020 | 0.11145 | 0.11145 | - | - | - | - |
11/23/2020 | 11/24/2020 | 11/30/2020 | 0.11295 | 0.11295 | - | - | - | - |
10/19/2020 | 10/20/2020 | 10/30/2020 | 0.11523 | 0.11523 | - | - | - | - |
09/21/2020 | 09/22/2020 | 09/30/2020 | 0.11420 | 0.11420 | - | - | - | - |
08/24/2020 | 08/25/2020 | 08/31/2020 | 0.12197 | 0.12197 | - | - | - | - |
07/20/2020 | 07/21/2020 | 07/31/2020 | 0.12204 | 0.12204 | - | - | - | - |
06/22/2020 | 06/23/2020 | 06/30/2020 | 0.12238 | 0.12238 | - | - | - | - |
05/18/2020 | 05/19/2020 | 05/29/2020 | 0.12723 | 0.12723 | - | - | - | - |
04/20/2020 | 04/21/2020 | 04/30/2020 | 0.16237 | 0.16237 | - | - | - | - |
03/23/2020 | 03/24/2020 | 03/31/2020 | 0.16536 | 0.16536 | - | - | - | - |
02/24/2020 | 02/25/2020 | 02/28/2020 | 0.16395 | 0.16395 | - | - | - | - |
01/21/2020 | 01/22/2020 | 01/31/2020 | 0.16313 | 0.16313 | - | - | - | - |
12/23/2019 | 12/24/2019 | 12/31/2019 | 0.16166 | 0.16166 | - | - | - | - |
11/18/2019 | 11/19/2019 | 11/29/2019 | 0.16166 | 0.16166 | - | - | - | - |
10/21/2019 | 10/22/2019 | 10/31/2019 | 0.15981 | 0.15981 | - | - | - | - |
09/23/2019 | 09/24/2019 | 09/30/2019 | 0.15765 | 0.15765 | - | - | - | - |
08/19/2019 | 08/20/2019 | 08/30/2019 | 0.15759 | 0.15759 | - | - | - | - |
07/22/2019 | 07/23/2019 | 07/31/2019 | 0.15864 | 0.15864 | - | - | - | - |
06/24/2019 | 06/25/2019 | 06/28/2019 | 0.15963 | 0.15963 | - | - | - | - |
05/20/2019 | 05/21/2019 | 05/31/2019 | 0.15823 | 0.15823 | - | - | - | - |
04/22/2019 | 04/23/2019 | 04/30/2019 | 0.15750 | 0.15750 | - | - | - | - |
03/18/2019 | 03/19/2019 | 03/29/2019 | 0.15650 | 0.15650 | - | - | - | - |
02/19/2019 | 02/20/2019 | 02/28/2019 | 0.15600 | - | - | - | - | - |
01/22/2019 | 01/23/2019 | 01/31/2019 | 0.14747 | 0.14747 | - | - | - | - |
12/24/2018 | 12/26/2018 | 12/31/2018 | 0.13875 | 0.13875 | - | - | - | - |
11/19/2018 | 11/20/2018 | 11/30/2018 | 0.13774 | 0.13774 | - | - | - | - |
10/22/2018 | 10/23/2018 | 10/31/2018 | 0.14000 | 0.14000 | - | - | - | - |
09/24/2018 | 09/25/2018 | 09/28/2018 | 0.12344 | 0.12344 | - | - | - | - |
08/20/2018 | 08/21/2018 | 08/31/2018 | 0.13055 | 0.13055 | - | - | - | - |
07/23/2018 | 07/24/2018 | 07/31/2018 | 0.14400 | 0.14400 | - | - | - | - |
06/18/2018 | 06/19/2018 | 06/29/2018 | 0.14440 | 0.14440 | - | - | - | - |
05/21/2018 | 05/22/2018 | 05/31/2018 | 0.14846 | 0.14846 | - | - | - | - |
04/23/2018 | 04/24/2018 | 04/30/2018 | 0.19305 | 0.19305 | - | - | - | - |
03/19/2018 | 03/20/2018 | 03/29/2018 | 0.18721 | 0.18721 | - | - | - | - |
02/20/2018 | 02/21/2018 | 02/28/2018 | 0.19279 | 0.19279 | - | - | - | - |
01/22/2018 | 01/23/2018 | 01/31/2018 | 0.19944 | 0.19944 | - | - | - | - |
12/18/2017 | 12/19/2017 | 12/29/2017 | 0.15718 | 0.15718 | - | - | - | - |
11/20/2017 | 11/21/2017 | 11/30/2017 | 0.17014 | 0.17014 | - | - | - | - |
10/23/2017 | 10/24/2017 | 10/31/2017 | 0.18695 | 0.18695 | - | - | - | - |
09/18/2017 | 09/19/2017 | 09/29/2017 | 0.17057 | 0.17057 | - | - | - | - |
08/15/2017 | 08/17/2017 | 08/31/2017 | 0.17509 | 0.17509 | - | - | - | - |
07/14/2017 | 07/18/2017 | 07/31/2017 | 0.17551 | 0.17551 | - | - | - | - |
06/15/2017 | 06/19/2017 | 06/30/2017 | 0.17866 | 0.17866 | - | - | - | - |
05/15/2017 | 05/17/2017 | 05/31/2017 | 0.17750 | 0.17750 | - | - | - | - |
04/13/2017 | 04/18/2017 | 04/28/2017 | 0.17750 | 0.17750 | - | - | - | - |
03/15/2017 | 03/17/2017 | 03/31/2017 | 0.17000 | 0.17000 | - | - | - | - |
02/15/2017 | 02/17/2017 | 02/28/2017 | 0.16750 | 0.16750 | - | - | - | - |
01/13/2017 | 01/18/2017 | 01/31/2017 | 0.16500 | 0.16500 | - | - | - | - |
12/15/2016 | 12/19/2016 | 12/30/2016 | 0.16000 | 0.16000 | - | - | - | - |
11/15/2016 | 11/17/2016 | 11/30/2016 | 0.16000 | 0.16000 | - | - | - | - |
10/14/2016 | 10/18/2016 | 10/31/2016 | 0.13484 | 0.13484 | - | - | - | - |
09/15/2016 | 09/19/2016 | 09/30/2016 | 0.15107 | 0.15107 | - | - | - | - |
08/15/2016 | 08/17/2016 | 08/31/2016 | 0.17089 | 0.17089 | - | - | - | - |
07/15/2016 | 07/19/2016 | 07/29/2016 | 0.17429 | 0.17429 | - | - | - | - |
06/15/2016 | 06/17/2016 | 06/30/2016 | 0.17354 | 0.17354 | - | - | - | - |
05/13/2016 | 05/17/2016 | 05/31/2016 | 0.17974 | 0.17974 | - | - | - | - |
04/15/2016 | 04/19/2016 | 04/29/2016 | 0.21000 | 0.21000 | - | - | - | - |
03/15/2016 | 03/17/2016 | 03/31/2016 | 0.18000 | 0.18000 | - | - | - | - |
02/12/2016 | 02/17/2016 | 02/29/2016 | 0.16000 | 0.16000 | - | - | - | - |
01/15/2016 | 01/20/2016 | 01/29/2016 | 0.14000 | 0.14000 | - | - | - | - |
12/15/2015 | 12/17/2015 | 12/31/2015 | 0.12977 | 0.12977 | - | - | - | - |
11/13/2015 | 11/17/2015 | 11/30/2015 | 0.13707 | 0.13707 | - | - | - | - |
10/15/2015 | 10/19/2015 | 10/30/2015 | 0.12250 | 0.12250 | - | - | - | - |
09/15/2015 | 09/17/2015 | 09/30/2015 | 0.15500 | 0.15500 | - | - | - | - |
08/14/2015 | 08/18/2015 | 08/31/2015 | 0.14630 | 0.14630 | - | - | - | - |
07/15/2015 | 07/17/2015 | 07/31/2015 | 0.15361 | 0.15361 | - | - | - | - |
06/15/2015 | 06/17/2015 | 06/30/2015 | 0.16000 | 0.16000 | - | - | - | - |
05/15/2015 | 05/19/2015 | 05/29/2015 | 0.16800 | 0.16800 | - | - | - | - |
04/15/2015 | 04/17/2015 | 04/30/2015 | 0.17776 | 0.17776 | - | - | - | - |
03/13/2015 | 03/17/2015 | 03/31/2015 | 0.16713 | 0.16713 | - | - | - | - |
02/13/2015 | 02/18/2015 | 02/27/2015 | 0.17030 | 0.17030 | - | - | - | - |
01/15/2015 | 01/20/2015 | 01/30/2015 | 0.17906 | 0.17906 | - | - | - | - |
12/15/2014 | 12/17/2014 | 12/31/2014 | 0.17869 | 0.17869 | - | - | - | - |
11/14/2014 | 11/18/2014 | 11/28/2014 | 0.17500 | 0.17500 | - | - | - | - |
10/15/2014 | 10/17/2014 | 10/31/2014 | 0.19500 | 0.19500 | - | - | - | - |
09/15/2014 | 09/17/2014 | 09/30/2014 | 0.18600 | 0.18600 | - | - | - | - |
08/15/2014 | 08/19/2014 | 08/29/2014 | 0.18300 | 0.18300 | - | - | - | - |
07/15/2014 | 07/17/2014 | 07/31/2014 | 0.18300 | 0.18300 | - | - | - | - |
06/13/2014 | 06/17/2014 | 06/30/2014 | 0.18000 | 0.18000 | - | - | - | - |
05/15/2014 | 05/19/2014 | 05/30/2014 | 0.18000 | 0.18000 | - | - | - | - |
04/15/2014 | 04/17/2014 | 04/30/2014 | 0.18000 | 0.18000 | - | - | - | - |
03/14/2014 | 03/18/2014 | 03/31/2014 | 0.16366 | 0.16366 | - | - | - | - |
02/14/2014 | 02/19/2014 | 02/28/2014 | 0.14913 | 0.14913 | - | - | - | - |
01/15/2014 | 01/17/2014 | 01/31/2014 | 0.14807 | 0.14807 | - | - | - | - |
12/13/2013 | 12/17/2013 | 12/31/2013 | 0.15357 | 0.15357 | - | - | - | - |
11/15/2013 | 11/19/2013 | 11/29/2013 | 0.15309 | 0.15309 | - | - | - | - |
10/15/2013 | 10/17/2013 | 10/31/2013 | 0.14478 | 0.14478 | - | - | - | - |
09/13/2013 | 09/17/2013 | 09/30/2013 | 0.15296 | 0.15296 | - | - | - | - |
08/15/2013 | 08/19/2013 | 08/30/2013 | 0.15431 | 0.15431 | - | - | - | - |
07/15/2013 | 07/17/2013 | 07/31/2013 | 0.16033 | 0.16033 | - | - | - | - |
06/14/2013 | 06/18/2013 | 06/28/2013 | 0.17405 | 0.17405 | - | - | - | - |
05/15/2013 | 05/17/2013 | 05/31/2013 | 0.17018 | 0.17018 | - | - | - | - |
04/15/2013 | 04/17/2013 | 04/30/2013 | 0.18020 | 0.18020 | - | - | - | - |
03/15/2013 | 03/19/2013 | 03/28/2013 | 0.16673 | 0.16673 | - | - | - | - |
02/15/2013 | 02/20/2013 | 02/28/2013 | 0.16765 | 0.16765 | - | - | - | - |
01/15/2013 | 01/17/2013 | 01/31/2013 | 0.17016 | 0.17016 | - | - | - | - |
12/14/2012 | 12/18/2012 | 12/31/2012 | 0.17021 | 0.17021 | - | - | - | - |
11/15/2012 | 11/19/2012 | 11/30/2012 | 0.16689 | 0.16689 | - | - | - | - |
10/15/2012 | 10/17/2012 | 10/31/2012 | 0.15474 | 0.15474 | - | - | - | - |
09/14/2012 | 09/18/2012 | 09/28/2012 | 0.16113 | 0.16113 | - | - | - | - |
08/15/2012 | 08/17/2012 | 08/31/2012 | 0.16155 | 0.16155 | - | - | - | - |
07/13/2012 | 07/17/2012 | 07/31/2012 | 0.17177 | 0.17177 | - | - | - | - |
06/15/2012 | 06/19/2012 | 06/29/2012 | 0.17807 | 0.17807 | - | - | - | - |
05/15/2012 | 05/17/2012 | 05/31/2012 | 0.17785 | 0.17785 | - | - | - | - |
04/13/2012 | 04/17/2012 | 04/30/2012 | 0.17997 | 0.17997 | - | - | - | - |
03/15/2012 | 03/19/2012 | 03/30/2012 | 0.20317 | 0.20317 | - | - | - | - |
02/15/2012 | 02/17/2012 | 02/29/2012 | 0.18645 | 0.18645 | - | - | - | - |
01/13/2012 | 01/18/2012 | 01/31/2012 | 0.17848 | 0.17848 | - | - | - | - |
12/27/2011 | 12/29/2011 | 12/30/2011 | 0.10785 | 0.10785 | - | - | - | - |
12/15/2011 | 12/19/2011 | 12/30/2011 | 0.28500 | 0.28500 | - | - | - | - |
11/15/2011 | 11/17/2011 | 11/30/2011 | 0.20263 | 0.20263 | - | - | - | - |
10/14/2011 | 10/18/2011 | 10/31/2011 | 0.20483 | 0.20483 | - | - | - | - |
09/15/2011 | 09/19/2011 | 09/30/2011 | 0.20352 | 0.20352 | - | - | - | - |
08/15/2011 | 08/17/2011 | 08/31/2011 | 0.18557 | 0.18557 | - | - | - | - |
07/15/2011 | 07/19/2011 | 07/29/2011 | 0.18566 | 0.18566 | - | - | - | - |
06/15/2011 | 06/17/2011 | 06/30/2011 | 0.17798 | 0.17798 | - | - | - | - |
05/13/2011 | 05/17/2011 | 05/31/2011 | 0.18637 | 0.18637 | - | - | - | - |
04/15/2011 | 04/19/2011 | 04/29/2011 | 0.18611 | 0.18611 | - | - | - | - |
03/15/2011 | 03/17/2011 | 03/31/2011 | 0.19994 | 0.19994 | - | - | - | - |
02/15/2011 | 02/17/2011 | 02/28/2011 | 0.17891 | 0.17891 | - | - | - | - |
01/14/2011 | 01/19/2011 | 01/31/2011 | 0.19201 | 0.19201 | - | - | - | - |
01/04/2011 | 01/06/2011 | 01/31/2011 | 0.33308 | 0.33308 | - | - | - | - |
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% |
09/30/2023 | 63 | 39 | 0 | 0 | 0 | 0 | 0 |
06/30/2023 | 62 | 37 | 0 | 0 | 0 | 0 | 0 |
03/31/2023 | 62 | 39 | 0 | 0 | 0 | 0 | 0 |
12/31/2022 | 63 | 28 | 0 | 0 | 0 | 0 | 0 |
Year Ended 2022 | 251 | 120 | 7 | 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% |
09/30/2023 | 63 | 24 | 0 | 0 | 0 | 0 | 0 |
06/30/2023 | 62 | 25 | 0 | 0 | 0 | 0 | 0 |
03/31/2023 | 62 | 23 | 0 | 0 | 0 | 0 | 0 |
12/31/2022 | 63 | 33 | 2 | 0 | 0 | 0 | 0 |
Year Ended 2022 | 251 | 117 | 7 | 0 | 0 | 0 | 0 |
Fund Inception : 12/02/2010
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 sector, such as financials, are subject to greater risk and are more greatly impacted by market volatility, than more diversified investments.
Securities that pay high dividends as a group can fall out of favor with the market, causing such companies to underperform companies that do not pay high dividends.
REITs are pooled investment vehicles that trade like stocks and invest substantially all of their assets in real estate and may qualify for special tax considerations. REITs are subject to risks inherent in the direct ownership of real estate. A company's failure to qualify as a REIT under federal tax law may have adverse consequences to the REIT's shareholders. REITs may have expenses, including advisory and administration, and REIT shareholders will incur a proportionate share of the underlying expenses.
Mortgage REITs are subject to credit risk of the borrowers to whom they extend funds (i.e., borrowers will not be able to make interest and principal payments to the REIT with respect to the loan when payments are due). The value of mortgaged properties may be less than the amounts owed on the properties. If a mortgage REIT forecloses on a borrower, the amount recovered in connection with the foreclosure may be less than the amount owed to the mortgage REIT. Mortgage REITs are also subject to significant interest rate risk and are typically highly leveraged which increases investment risk and could adversely affect a REIT's operations and market value in periods of rising interest rates, increased interest rate volatility, downturns in the economy and reductions in the availability of financing or deterioration in the conditions of the REIT's mortgage-related assets.
There are certain risks inherent in investing in Business Development Corporations ("BDCs") and the Investment Company Act of 1940, as amended (the "1940 Act"), imposes certain restraints upon BDCs. Generally, little public information exists for private and thinly traded companies; as a result investors may not be able to make a fully informed decision. Limitations on asset mix and leverage may also prohibit the way BDCs raise capital. BDCs generally invest in less mature private companies which involve greater risk than well-established publicly-traded companies. As a result of the Fund investing in BDCs, a shareholder will bear not only their proportionate share of the expenses of the Fund, but also, indirectly the expenses of the BDCs.
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 S&P 500® Financials Index seeks to provide an effective representation of the financial sector of the S&P 500® 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.
"Keefe, Bruyette & Woods, Inc.", "KBW Nasdaq Financial Sector pidend Yield Index" and "KBW" are trademarks of KBW and have been licensed for use by Invesco Capital Management LLC. The Invesco KBW High Dividend Yield Financial ETF is not sponsored, endorsed, sold or promoted by KBW and KBW makes no representation regarding the advisability of investing in The Invesco KBW High Dividend Yield Financial ETF. Invesco Capital Management LLC is not affiliated with KBW.
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.