KBWB - Invesco KBW Bank ETFEquity - Sector Equity
The Invesco KBW Bank ETF (Fund) is based on the KBW Nasdaq Bank Index (Index). The Fund will normally invest at least 90% of its total assets in the securities that comprise the Underlying Index. The Index is a modified-market capitalization-weighted index of companies primariy engaged in US banking activities. The Index is compiled, maintained and calculated by Keefe, Bruyette & Woods, Inc. and Nasdaq, Inc. and is composed of large national US money centers, regional banks and thrift institutions that are publicly traded in the US. The Fund and the Index are rebalanced and reconstituted quarterly.
|Index History (%)|
|KBW Nasdaq Bank Index||31.37||11.27||10.52||11.12||11.68||16.51|
|S&P 500 Financials Index||28.67||14.16||12.41||10.98||11.79||16.29|
|Fund History (%)|
|After Tax Held||29.94||9.84||9.50||10.16||N/A||15.56|
|After Tax Sold||18.24||6.48||7.71||8.36||N/A||13.30|
|Fund Market Price||31.46||10.83||10.08||10.73||N/A||16.10|
|Index History (%)|
|KBW Nasdaq Bank Index||19.25||-1.75||14.87||9.40||9.97||15.47|
|S&P 500 Financials Index||19.60||3.92||15.46||10.51||10.77||15.59|
|Fund History (%)|
|After Tax Held||18.02||-3.02||13.80||8.46||N/A||14.51|
|After Tax Sold||11.19||-1.14||11.20||6.99||N/A||12.38|
|Fund Market Price||19.55||-1.97||14.46||9.00||N/A||15.07|
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 09/30/2019. 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 The results assume that no cash was added to or assets withdrawn from the Index.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.
Market Cap & Style Allocations
as of 12/11/2019 Top Holdings | View All
Fund Holdings subject to change
|Ticker||Company||% of Fund|
|BAC||Bank of America Corp||8.23|
|JPM||JPMorgan Chase & Co||8.22|
|WFC||Wells Fargo & Co||7.68|
|STT||State Street Corp||5.13|
|NTRS||Northern Trust Corp||4.14|
|PNC||PNC Financial Services Group Inc/The||4.04|
|BK||Bank of New York Mellon Corp/The||3.99|
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 banking, 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 S&P 500® Financials Index is an unmanaged index considered representative of the financials sector within the S&P 500® Index. The S&P 500 Index is an unmanaged index considered representative of the U.S. stock market.
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 Bank Index" and "KBW" are trademarks of KBW and have been licensed for use by Invesco Capital Management LLC. The Invesco KBW Bank ETF is not sponsored, endorsed, sold or promoted by KBW and KBW makes no representation regarding the advisability of investing in The Invesco KBW Bank ETF. Invesco Capital Management LLC is not affiliated with KBW.