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Name

As of 11/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Invesco Investment Grade Defensive ETF

IIGD | ETF

$24.21

$47.7 M

4.19%

$1.02

0.13%

Vitals

YTD Return

3.5%

1 yr return

6.4%

3 Yr Avg Return

0.6%

5 Yr Avg Return

1.3%

Net Assets

$47.7 M

Holdings in Top 10

24.5%

52 WEEK LOW AND HIGH

$24.3
$23.69
$24.90

Expenses

OPERATING FEES

Expense Ratio 0.13%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Invesco Investment Grade Defensive ETF

IIGD | ETF

$24.21

$47.7 M

4.19%

$1.02

0.13%

IIGD - Profile

Distributions

  • YTD Total Return 3.5%
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return 1.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.21%
DIVIDENDS
  • Dividend Yield 4.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Invesco Investment Grade Defensive ETF
  • Fund Family Name
    INVESCOETF
  • Inception Date
    Jul 25, 2018
  • Shares Outstanding
    2550001
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jeremy Neisewander

Fund Description

The Fund generally will invest at least 80% of its total assets in securities that comprise the Underlying Index.
Strictly in accordance with its guidelines and mandated procedures, Invesco Indexing LLC (the “Index Provider”) compiles and maintains the Underlying Index, which is designed to provide exposure to U.S. investment grade bonds having the highest “quality scores” (within the eligible universe of U.S. investment grade bonds) as determined by the Index Provider using its methodology described below. The Index Provider is affiliated with Invesco Capital Management LLC, the Fund’s investment adviser (the “Adviser”), and Invesco Distributors, Inc., the Fund’s distributor (the “Distributor”).
In selecting components for inclusion in the Underlying Index, the Index Provider begins with an investment universe of all U.S. dollar-denominated bonds issued by U.S. companies. To be eligible for inclusion in the Underlying Index, bonds must (i) have an average credit rating that is higher than BBB- (or equivalent), as derived from ratings by S&P Global Ratings, a division of S&P Global Inc. (“S&P”), Fitch Ratings Inc. (“Fitch”) and Moody’s Investors Service, Inc. (“Moody’s”) credit rating agencies; (ii) have at least $600 million in face value outstanding, with only the largest bond from each issuer eligible; (iii) have at least two years, and no more than ten years, until
final maturity; and (iv) make coupon payments. Qualifying securities include: fixed rate, bullet bonds, sinking funds, amortizing, puttable, extendable, callable, and step-up bonds with schedules known at issuance. Securities issued in accordance with Rule 144A (“Rule 144A securities”) under the Securities Act of 1933, as amended (the “Securities Act”), bonds registered with the Securities and Exchange Commission (“SEC”), publicly underwritten medium-term notes and Eurodollar bonds are all eligible for inclusion in the Underlying Index.
The Index Provider assigns a quality score (“Quality Score”) to each eligible bond, which is calculated based on such bond’s maturity and credit rating. With respect to the maturity factor, each bond is scored based on the number of years remaining to maturity, with bonds having fewer years to maturity receiving higher scores. With respect to the credit rating factor, each rating agency’s rating is converted into a numerical value and a bond’s credit score is calculated as an equally-weighted average of the numerical scores of each agency that has rated the bond. The maturity and credit scores for each bond are standardized across the universe of eligible bonds, and the Quality Score for each bond is computed as an equally-weighted combination of these two factors.
All eligible securities are ranked by Quality Score. Initially, bonds with Quality Scores in the top 40% of eligible securities are selected for inclusion in the Underlying Index. At each monthly rebalance, any new eligible security with a Quality Score in the top 30% of eligible securities is added to the Underlying Index, and current Underlying Index constituents with a Quality Score in the top 50% of eligible securities remain in the Underlying Index, provided that they satisfy all other eligibility criteria. Underlying Index constituents are equally weighted. The Underlying Index is rebalanced each calendar month. At that time, the set of eligible securities is determined, securities are selected for membership in the Underlying Index, and the Underlying Index is reweighted.
As of October 31, 2023, the Underlying Index was comprised of 143constituents.
The Fund does not purchase all of the securities in the Underlying Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective.
Concentration Policy. The Fund will concentrate its investments (i.e., invest more than 25% of the value of its net assets) in securities of issuers in any one industry or group of industries only to the extent that the Underlying Index reflects a concentration in that industry or group of industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries. As of August 31, 2023, the Fund had significant exposure to the financials sector. The Fund’s portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time.
Read More

IIGD - Performance

Return Ranking - Trailing

Period IIGD Return Category Return Low Category Return High Rank in Category (%)
YTD 3.5% -0.2% 18.6% 78.86%
1 Yr 6.4% 2.3% 22.9% 38.67%
3 Yr 0.6%* -5.6% 5.3% 82.21%
5 Yr 1.3%* -4.1% 5.6% 73.67%
10 Yr N/A* -18.8% 170.4% 3.83%

* Annualized

Return Ranking - Calendar

Period IIGD Return Category Return Low Category Return High Rank in Category (%)
2023 1.8% -1.6% 7.6% 54.20%
2022 -8.8% -17.7% -2.6% 81.36%
2021 -3.1% -4.0% 4.4% 97.41%
2020 2.9% -7.1% 7.6% 19.18%
2019 4.8% -2.3% 9.3% 2.95%

Total Return Ranking - Trailing

Period IIGD Return Category Return Low Category Return High Rank in Category (%)
YTD 3.5% -0.2% 18.6% 78.86%
1 Yr 6.4% 2.3% 22.9% 38.67%
3 Yr 0.6%* -5.6% 5.3% 82.21%
5 Yr 1.3%* -4.1% 5.6% 73.67%
10 Yr N/A* -18.8% 170.4% N/A

* Annualized

Total Return Ranking - Calendar

Period IIGD Return Category Return Low Category Return High Rank in Category (%)
2023 5.7% 1.8% 15.2% 44.85%
2022 -7.3% -17.3% -1.3% 89.90%
2021 -1.4% -2.7% 7.7% 95.01%
2020 6.3% -2.4% 14.5% 9.80%
2019 7.6% 0.6% 12.6% 3.38%

IIGD - Holdings

Concentration Analysis

IIGD Category Low Category High IIGD % Rank
Net Assets 47.7 M 14.5 K 57.3 B 94.11%
Number of Holdings 152 2 8314 82.70%
Net Assets in Top 10 11.1 M 1.05 M 6.81 B 95.25%
Weighting of Top 10 24.50% 1.9% 112.6% 51.90%

Top 10 Holdings

  1. Invesco Private Prime Fund 13.61%
  2. Invesco Private Government Fund 5.21%
  3. Costco Wholesale Corp. 0.73%
  4. Truist Financial Corp. 0.71%
  5. Kroger Co. (The) 0.71%
  6. Chevron Phillips Chemical Co. LLC / Chevron Phillips Chemical Co. L.P. 0.71%
  7. Cummins Inc. 0.71%
  8. American Express Co. 0.71%
  9. Wells Fargo Co. 0.71%
  10. Principal Life Global Funding II 0.70%

Asset Allocation

Weighting Return Low Return High IIGD % Rank
Bonds 		98.90% 0.00% 129.40% 7.22%
Cash 		18.94% -20.59% 71.38% 1.90%
Stocks 		0.00% 0.00% 99.96% 61.79%
Preferred Stocks 		0.00% 0.00% 24.12% 58.75%
Other 		0.00% -0.97% 71.57% 85.55%
Convertible Bonds 		0.00% 0.00% 27.71% 96.76%

Bond Sector Breakdown

Weighting Return Low Return High IIGD % Rank
Corporate 		98.15% 0.00% 99.82% 2.10%
Cash & Equivalents 		18.94% 0.00% 71.38% 1.90%
Derivative 		0.00% -0.44% 27.90% 62.74%
Securitized 		0.00% 0.00% 97.27% 96.95%
Municipal 		0.00% 0.00% 14.41% 76.00%
Government 		0.00% 0.00% 73.63% 97.90%

Bond Geographic Breakdown

Weighting Return Low Return High IIGD % Rank
US 		98.90% 0.00% 126.86% 5.70%
Non US 		0.00% 0.00% 82.20% 58.56%

IIGD - Expenses

Operational Fees

IIGD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.13% 0.01% 3.29% 95.23%
Management Fee 0.13% 0.00% 1.19% 11.79%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.41% N/A

Sales Fees

IIGD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.50% 4.00% N/A

Trading Fees

IIGD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

IIGD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 500.00% 48.11%

IIGD - Distributions

Dividend Yield Analysis

IIGD Category Low Category High IIGD % Rank
Dividend Yield 4.19% 0.00% 11.11% 33.46%

Dividend Distribution Analysis

IIGD Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

IIGD Category Low Category High IIGD % Rank
Net Income Ratio 1.21% -1.27% 4.98% 46.81%

Capital Gain Distribution Analysis

IIGD Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

IIGD - Fund Manager Analysis

Managers

Jeremy Neisewander

Start Date

Tenure

Tenure Rank

Jul 25, 2018

3.85

3.9%

Jeremy Neisewander, Portfolio Manager of Invesco Capital Management LLC. Prior to that, Mr. Neisewander is a Portfolio Manager and Vice President of Guggenheim Investments and joined Guggenheim Investments in May 2014. Mr. Neisewander is a member of the ETF Portfolio Management team. Prior to joining Guggenheim Investments, Mr. Neisewander held Analyst and Portfolio Management roles within the multi-asset team at UBS Global Asset Management from 2005 to 2014. Prior to his time at UBS, Mr. Neisewander focused on the development and implementation of asset allocation models while a Senior Analyst at Ibbotson Associates. Mr. Neisewander holds an MBA and B.S. degree in Finance from the Roosevelt University.

Greg Meisenger

Start Date

Tenure

Tenure Rank

Jul 25, 2018

3.85

3.9%

Greg Meisenger, Portfolio Manager of Invesco Capital Management LLC. Mr. Meisenger has been associated with Invesco since March 2018. Prior to joining Invesco, Mr. Meisenger was a Senior Fixed Income Trader/Portfolio Manager with Columbia Threadneedle Investments since 2014. Prior to joining Columbia Threadneedle Investments, Mr. Meisenger was a Senior Fixed Income Trader with Thrivent Financial from 2004 to 2014.

Peter Hubbard

Start Date

Tenure

Tenure Rank

Jul 25, 2018

3.85

3.9%

Peter Hubbard, Vice President and Director of Portfolio Management of the Invesco PowerShares Capital Management LLC. Mr. Hubbard has been a Portfolio Manager of the Adviser since June 2007 and has been associated with the Adviser since 2005. Prior to joining the Invesco PowerShares Capital Management LLC, Hubbard was a research analyst and trader for Ritchie Capital from September 2003 to May 2005.

Tom Boksa

Start Date

Tenure

Tenure Rank

Dec 20, 2019

2.45

2.5%

Tom Boksa, Portfolio Manager of Invesco Capital Management LLC, has been associated with Invesco since 2013.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.19 2.41

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