DEF - Invesco Defensive Equity ETF

Equity - US Equity

Product Details

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.

as of 11/30/2019

Morningstar Rating

Overall Rating - Large Blend Category

As of 11/30/2019 the Fund had an overall rating of 4 stars out of 1196 funds and was rated 4 stars out of 1196 funds, 3 stars out of 1051 funds and 5 stars out of 798 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. ©2019 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 11/30/2019 09/30/2019

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
Invesco Defensive Equity Index 26.96 16.14 15.06 N/A N/A N/A
S&P 500 Index 27.63 16.11 14.88 10.98 13.44 8.55
Fund History (%)
Fund NAV 26.29 15.53 14.37 9.85 12.77 8.48
After Tax Held 26.29 15.13 13.62 8.87 11.84 7.66
After Tax Sold 15.57 9.35 10.89 7.25 10.12 6.54
Fund Market Price 26.89 15.62 14.37 9.83 12.76 8.47
  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
Invesco Defensive Equity Index 23.67 10.63 14.31 N/A N/A N/A
S&P 500 Index 20.55 4.25 13.39 10.84 13.24 8.18
Fund History (%)
Fund NAV 23.13 10.04 13.61 9.99 12.82 8.38
After Tax Held 23.13 9.67 12.86 9.01 11.89 7.55
After Tax Sold 13.70 6.10 10.28 7.37 10.18 6.44
Fund Market Price 23.81 10.12 13.51 9.98 12.89 8.38

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.

as of 09/30/2019

Growth of $10,000

Data beginning 10 years prior to the ending date of 09/30/2019. 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.

as of 12/11/2019

Sector Allocation

Sector Percent of Fund
Financials 17.87%
Industrials 14.17%
Information Technology 14.17%
Health Care 14.09%
Consumer Staples 9.75%
Consumer Discretionary 6.56%
Communication Services 5.87%
Real Estate 4.98%
Utilities 4.83%
Materials 3.99%
Energy 3.73%
as of 12/11/2019

Market Cap & Style Allocations

Large-Cap Value 20.88%
Large-Cap Blend 40.70%
Large-Cap Growth 17.61%
Mid-Cap Value 3.04%
Mid-Cap Blend 10.81%
Mid-Cap Growth 6.96%
Small-Cap Value -
Small-Cap Blend -
Small-Cap Growth -

as of 12/11/2019 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
ALLE Allegion PLC 1.23
EMR Emerson Electric Co 1.13
GRMN Garmin Ltd 1.13
APH Amphenol Corp 1.13
JPM JPMorgan Chase & Co 1.12
BAC Bank of America Corp 1.11
BLK BlackRock Inc 1.11
PNC PNC Financial Services Group Inc/The 1.11
CTXS Citrix Systems Inc 1.11
RMD ResMed Inc 1.10

Distributions | HideView All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
12/24/2018 12/26/2018 12/31/2018 0.61283 0.61283 - - -
12/26/2017 12/27/2017 12/29/2017 0.75830 0.75830 - - -
12/23/2016 12/28/2016 12/30/2016 0.84750 0.84750 - - -
12/24/2015 12/29/2015 12/31/2015 1.15150 1.15150 - - -
12/24/2014 12/29/2014 12/31/2014 0.96300 0.96300 - - -
12/24/2013 12/27/2013 12/31/2013 0.78700 0.78700 - - -
12/24/2012 12/27/2012 12/31/2012 0.74700 0.74700 - - -
12/23/2011 12/28/2011 12/30/2011 0.37500 0.37500 - - -
12/27/2010 12/29/2010 12/31/2010 0.38800 0.38800 - - -
12/24/2009 12/29/2009 12/31/2009 0.56300 0.56300 - - -
12/24/2008 12/29/2008 12/31/2008 0.50000 0.50000 - - -

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%
09/30/2019 64 40 0 0 0 0 0
03/31/2019 61 23 0 0 0 0 0
12/31/2018 63 31 1 0 0 0 0
09/30/2018 63 32 0 0 0 0 0
Year Ended 2018 251 105 1 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%
09/30/2019 64 23 1 0 0 0 0
03/31/2019 61 36 2 0 0 0 0
12/31/2018 63 28 2 1 0 0 0
09/30/2018 63 31 0 0 0 0 0
Year Ended 2018 251 142 2 1 0 0 0

Fund Inception : 12/15/2006

 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.

as of 12/12/2019
4:15 PM EST

DEF
Intraday Stats

  • Last Trade $55.98
  • Current IIV $55.82
  • Change $0.46
  • % Change 0.83%
as of 12/11/2019
  • NAV at market close $55.50
as of 12/11/2019

Fund Yield

  • SEC 30 Day Yield 1.49%
  • Distribution Rate 1.10%
  • 12 Month Distribution Rate 1.10%
  • 30-Day SEC Unsubsidized Yield
    as of 12/11/2019
    1.49%
as of 12/11/2019

Prior Close

  • Closing Price $55.52
  • Bid/Ask Midpoint $55.51
  • Bid/Ask Prem/Disc $0.01
  • Bid/Ask Prem/Disc 0.02%
as of 09/30/2019

Fund Characteristics

  • Price/Earnings Ratio1 20.96
  • Forward Price/Earnings Ratio 19.41
  • Price/Book Ratio1 3.46
  • ROE2 31.86%
  • Avg Market Cap2 $78,881MM

1 Weighted Harmonic Average

2 Weighted Average

Source for Fund Characteristics calculations: FactSet

Fund Details

  • Fund Ticker DEF
  • CUSIP # 46138J775
  • ISIN US46138J7752
  • Intraday NAV DEFIV
  • Index Ticker IIDEFTR
  • Index Provider Invesco Indexing LLC
  • Management Fee 0.50%
  • Total Expense Ratio 0.59%
  • Marginable No
  • Short Selling No
  • Options No
  • Exchange NYSE Arca
  • Inception Date 12/15/2006
  • # of Holdings 100
    as of 12/11/2019
as of 12/12/2019

Quick Facts

  • Previous Close $55.52
  • Open $55.47
  • Today's High $55.99
  • Today's Low $55.47
  • Today's Volume 17,687
  • 20,828 30-Day Avg Trading
    Volume
  • 52 Week High $55.99
  • 52 Week Low $41.45
  • Shares Outstanding 5.00MM
  • Market Value $277.5MM