Product Details
The Invesco Next Gen Connectivity ETF (Fund) is based on the STOXX World AC NexGen Connectivity Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is comprised of companies with significant exposure to technologies or products that contribute to future connectivity through direct revenue. The Fund and the Index are rebalanced after the close of trading on the second Friday of March, June, September and December.
Effective after the close of markets on Aug. 25, 2023, the Fund's name, ticker, underlying index, index provider, investment objective, investment strategy and management fee changed. The Fund's name and ticker changed from Invesco Dynamic Networking ETF (ticker: PXQ) to the Invesco Next Gen Connectivity ETF (ticker: KNCT). The Fund's Index Provider changed from ICE Data Indices, LLC to STOXX Ltd. and its Underlying Index changed from the Dynamic Networking Intellidex Index to the STOXX World AC NexGen Connectivity Index; and as a result, the Fund's objective and strategy changed to seek to track the investment results of the new Underlying index by investing at least 90% of its total assets in securities that comprise the new Underlying Index. The Fund's management fee was also reduced from 0.50% to 0.40%. See the prospectus for more information.
Performance
| Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
|---|---|---|---|---|---|---|
| STOXX World AC NexGen Connectivity Net Return Index (USD) | N/A | N/A | N/A | N/A | N/A | N/A |
| S&P Composite 1500 Communications Equipment Total Return Index (USD) | 20.77 | 26.47 | 15.84 | 8.11 | 11.29 | 7.75 |
| Dynamic Networking Intellidex Index | 15.60 | 7.33 | 5.31 | 8.06 | 12.32 | 10.73 |
| Fund History (%) | ||||||
| Fund NAV | 14.19 | 5.80 | 4.93 | 7.57 | 11.81 | 10.13 |
| After Tax Held | 14.19 | 5.52 | 4.64 | 7.32 | 11.63 | 10.03 |
| After Tax Sold | 8.40 | 3.48 | 3.74 | 5.89 | 9.82 | 8.77 |
| Fund Market Price | 14.18 | 5.67 | 4.85 | 7.54 | 11.82 | 10.13 |
| Index History (%) | YTD | 1Yr | 3Yr | 5Yr | 10Yr | Since Inception |
|---|---|---|---|---|---|---|
| Dynamic Networking Intellidex Index | 13.06 | 12.77 | 7.63 | 9.94 | 12.88 | 10.70 |
| S&P Composite 1500 Communications Equipment Total Return Index (USD) | 11.18 | 27.70 | 10.97 | 8.45 | 10.57 | 7.33 |
| Fund History (%) | ||||||
| Fund NAV | 12.72 | 12.06 | 7.56 | 9.63 | 12.46 | 10.15 |
| After Tax Held | 12.72 | 11.79 | 7.27 | 9.37 | 12.28 | 10.04 |
| After Tax Sold | 7.53 | 7.21 | 5.80 | 7.57 | 10.40 | 8.79 |
| Fund Market Price | 12.66 | 11.89 | 7.61 | 9.58 | 12.45 | 10.15 |
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 | 31.74% |
| Large-Cap Blend | 43.50% |
| Large-Cap Growth | 13.80% |
| Mid-Cap Value | 0.48% |
| Mid-Cap Blend | 3.73% |
| Mid-Cap Growth | 5.07% |
| Small-Cap Value | 0.11% |
| Small-Cap Blend | 0.69% |
| Small-Cap Growth | 0.88% |
Quality Allocations† as of 09/21/2023
| S&P | Moody's |
|---|---|
| BBB : 1% | Baa : 0% |
| Not Rated : 0% | Not Rated : 0% |
as of 09/21/2023 Top Holdings | View All
Fund Holdings subject to change
| Ticker | Company | % of Fund |
|---|---|---|
| AAPL | Apple Inc | 8.07 |
| 2330 TT | Taiwan Semiconductor Manufacturing Co Ltd | 7.98 |
| AVGO | Broadcom Inc | 7.77 |
| 005930 KS | Samsung Electronics Co Ltd | 6.05 |
| CSCO | Cisco Systems Inc | 4.71 |
| INTC | Intel Corp | 3.75 |
| VZ | Verizon Communications Inc | 3.74 |
| ACN | Accenture PLC | 3.46 |
| CMCSA | Comcast Corp | 3.31 |
| QCOM | QUALCOMM Inc | 3.22 |
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 | 0.12383 | 0.12383 | - | - | - | - |
| 12/19/2022 | 12/20/2022 | 12/23/2022 | 0.39659 | 0.39659 | - | - | - | - |
| 09/19/2022 | 09/20/2022 | 09/23/2022 | 0.19225 | 0.19225 | - | - | - | - |
| 06/21/2022 | 06/22/2022 | 06/30/2022 | 0.51707 | 0.51707 | - | - | - | - |
| 03/21/2022 | 03/22/2022 | 03/31/2022 | 0.47366 | 0.47366 | - | - | - | - |
| 12/20/2021 | 12/21/2021 | 12/31/2021 | 0.30600 | 0.30600 | - | - | - | - |
| 09/20/2021 | 09/21/2021 | 09/30/2021 | 0.25289 | 0.25289 | - | - | - | - |
| 12/21/2020 | 12/22/2020 | 12/31/2020 | 0.00388 | 0.00388 | - | - | - | - |
| 09/21/2020 | 09/22/2020 | 09/30/2020 | 0.10299 | 0.10299 | - | - | - | - |
| 06/22/2020 | 06/23/2020 | 06/30/2020 | 0.02617 | 0.02617 | - | - | - | - |
| 03/23/2020 | 03/24/2020 | 03/31/2020 | 0.01952 | 0.01952 | - | - | - | - |
| 09/23/2019 | 09/24/2019 | 09/30/2019 | 0.02378 | 0.02378 | - | - | - | - |
| 06/24/2019 | 06/25/2019 | 06/28/2019 | 0.11539 | 0.11539 | - | - | - | - |
| 03/18/2019 | 03/19/2019 | 03/29/2019 | 0.12314 | 0.12314 | - | - | - | - |
| 12/24/2018 | 12/26/2018 | 12/31/2018 | 0.35042 | 0.35042 | - | - | - | - |
| 09/24/2018 | 09/25/2018 | 09/28/2018 | 0.12015 | 0.12015 | - | - | - | - |
| 06/18/2018 | 06/19/2018 | 06/29/2018 | 0.11959 | 0.11959 | - | - | - | - |
| 09/18/2017 | 09/19/2017 | 09/29/2017 | 0.06455 | 0.06455 | - | - | - | - |
| 06/16/2017 | 06/20/2017 | 06/30/2017 | 0.23871 | 0.23871 | - | - | - | - |
| 12/16/2016 | 12/20/2016 | 12/30/2016 | - | - | - | - | - | - |
| 09/16/2016 | 09/20/2016 | 09/30/2016 | - | - | - | - | - | - |
| 06/17/2016 | 06/21/2016 | 06/30/2016 | 0.17629 | 0.17629 | - | - | - | - |
| 03/18/2016 | 03/22/2016 | 03/31/2016 | - | - | - | - | - | - |
| 12/18/2015 | 12/22/2015 | 12/31/2015 | - | - | - | - | - | - |
| 09/18/2015 | 09/22/2015 | 09/30/2015 | - | - | - | - | - | - |
| 06/19/2015 | 06/23/2015 | 06/30/2015 | - | - | - | - | - | - |
| 03/20/2015 | 03/24/2015 | 03/31/2015 | - | - | - | - | - | - |
| 09/20/2013 | 09/24/2013 | 09/30/2013 | 0.10482 | 0.10482 | - | - | - | - |
| 06/21/2013 | 06/25/2013 | 06/28/2013 | 0.09609 | 0.09609 | - | - | - | - |
| 03/15/2013 | 03/19/2013 | 03/28/2013 | 0.00000 | 0.00000 | - | - | - | - |
| 12/21/2012 | 12/26/2012 | 12/31/2012 | 0.06011 | 0.06011 | - | - | - | - |
| 09/21/2012 | 09/25/2012 | 09/28/2012 | 0.00000 | 0.00000 | - | - | - | - |
| 06/15/2012 | 06/19/2012 | 06/29/2012 | 0.00000 | 0.00000 | - | - | - | - |
| 03/16/2012 | 03/20/2012 | 03/30/2012 | 0.00000 | 0.00000 | - | - | - | - |
| 12/17/2010 | 12/21/2010 | 12/31/2010 | 0.10733 | 0.10733 | - | - | - | - |
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 | 13 | 0 | 0 | 0 | 0 | 0 |
| 03/31/2023 | 62 | 9 | 0 | 0 | 0 | 0 | 0 |
| 12/31/2022 | 63 | 16 | 1 | 0 | 0 | 0 | 1 |
| 09/30/2022 | 64 | 21 | 6 | 0 | 0 | 0 | 0 |
| Year Ended 2022 | 251 | 81 | 10 | 1 | 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% |
| 06/30/2023 | 62 | 49 | 0 | 0 | 0 | 0 | 0 |
| 03/31/2023 | 62 | 50 | 3 | 0 | 0 | 0 | 0 |
| 12/31/2022 | 63 | 41 | 4 | 0 | 0 | 0 | 0 |
| 09/30/2022 | 64 | 33 | 4 | 0 | 0 | 0 | 0 |
| Year Ended 2022 | 251 | 132 | 23 | 3 | 0 | 0 | 0 |
Fund Inception : 06/23/2005
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.
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 communication services and information technology, 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 risks of investing in securities of foreign issuers, including emerging market issuers, can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues.
Companies associated with networking and connectivity technologies can be significantly affected by corporate capital expenditure trends and competitive pressures. Companies that develop and support such technologies may rely on a combination of patents, copyrights, trademarks and trade secret laws to establish and protect their proprietary rights in their products and technologies. There is no assurance that the steps taken by such companies will be adequate to prevent misappropriation of their technology or that competitors will not independently develop technologies that are substantially equivalent or superior.
The S&P Composite 1500® Communications Equipment (S&P Communications Equipment) Index consists of all communications equipment stocks included in the S&P Composite 1500® Index.
The Dynamic Networking Intellidex Index is comprised of common stocks of 30 US networking companies.
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 STOXX World AC NexGen Connectivity Index is the intellectual property (including registered trademarks) of STOXX Ltd., Zug, Switzerland (“STOXX”), Deutsche Börse Group or their licensors, which is used under license. Invesco Next Gen Connectivity ETF is neither sponsored nor promoted, distributed or in any other manner supported by STOXX, Deutsche Börse Group or their licensors, research partners or data providers and STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not give any warranty, and exclude any liability (whether in negligence or otherwise) with respect thereto generally or specifically in relation to any errors, omissions or interruptions in the STOXX World AC NexGen Connectivity Index or its data.
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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