DEF - Invesco Defensive Equity ETFEquity - US Equity
The Invesco Defensive Equity ETF (Fund) is based on the Invesco Defensive Equity Index (Index). The Fund will invest at least 80% of its total assets in securities that comprise the Index. The Index is designed to provide exposure to securities of large-cap US issuers. The Index uses a rules-based approach to select companies that potentially have superior risk-return profiles during periods of stock market weakness while still offering the potential for gains during periods of market strength. The Index is computed using the gross total return, which reflects dividends paid. The Fund and the Index are rebalanced quarterly.
Morningstar Rating ™Overall Rating - Large Blend Category
As of 02/29/2020 the Fund had an overall rating of 4 stars out of 1215 funds and was rated 4 stars out of 1215 funds, 3 stars out of 1061 funds and 4 stars out of 807 funds for the 3-, 5- and 10- year periods, respectively.
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.
|Index History (%)|
|Invesco Defensive Equity Index||-7.03||7.12||10.11||N/A||N/A||N/A|
|S&P 500 Index||-8.27||8.19||9.87||9.23||12.65||7.91|
|Fund History (%)|
|After Tax Held||-7.12||6.19||8.98||7.30||10.80||7.02|
|After Tax Sold||-4.21||4.08||7.21||5.99||9.23||6.01|
|Fund Market Price||-8.19||5.15||8.99||7.77||11.49||7.72|
|Index History (%)|
|Invesco Defensive Equity Index||29.04||29.04||15.07||N/A||N/A||N/A|
|S&P 500 Index||31.49||31.49||15.27||11.70||13.56||8.74|
|Fund History (%)|
|After Tax Held||27.69||27.69||13.80||9.44||11.69||7.70|
|After Tax Sold||16.75||16.75||11.03||7.72||10.00||6.59|
|Fund Market Price||28.66||28.66||14.29||10.20||12.47||8.53|
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 the result of a reorganization on April 6, 2018, the returns presented reflect performance of the Guggenheim predecessor fund. Invesco is not affiliated with Guggenheim.
Growth of $10,000
Data beginning 10 years prior to the ending date of 12/31/2019. 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.
Guggenheim Defensive Equity Index* performance prior to 10/24/2016 reflects that of the original Underlying Index, Sabrient Defense Equity Index. From 10/24/2016, forward, the Index performance reflects that of the Underlying Index, Guggenheim Defensive Equity Index AND IS NOT INTENDED FOR ANY THIRD PARTY USE.
|Sector||Percent of Fund|
Market Cap & Style Allocations
as of 03/31/2020 Top Holdings | View All
Fund Holdings subject to change
|Ticker||Company||% of Fund|
|CTXS||Citrix Systems Inc||1.60|
|LLY||Eli Lilly & Co||1.42|
|TMUS||T-Mobile US Inc||1.39|
|JKHY||Jack Henry & Associates Inc||1.31|
|AWK||American Water Works Co Inc||1.22|
|XEL||Xcel Energy Inc||1.20|
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 or sector are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.
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 Fund seeks to track a quantitative strategy index, which invests in securities comprising an index created by a proprietary quantitative model. The Fund’s return depends on the effectiveness of the model and factors used in the model’s quantitative analysis and the weightings may not accurately predict a security’s value. As a result, the Fund may have a lower return than if it tracked an index based on a fundamental investment strategy, or that did not incorporate quantitative analysis.
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 Sabrient Defensive Equity Index is composed of stocks selected from a broad universe of US stocks and American depositary receipts (ADRs), based on their risk-return profiles during periods of stock market weakness and return potential during periods of market strength.
Invesco Defensive Equity Index is a trademark of Invesco Indexing LLC (index provider) and has been licensed for use by Invesco Capital Management LLC (investment adviser). Invesco Indexing LLC, Invesco Capital Management LLC, and Invesco Distributors, Inc. are wholly owned, indirect subsidiaries of Invesco Ltd.