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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 Aerospace & Defense ETF

PPA | ETF

$119.55

$3.35 B

0.44%

$0.53

0.57%

Vitals

YTD Return

30.2%

1 yr return

38.0%

3 Yr Avg Return

18.7%

5 Yr Avg Return

12.5%

Net Assets

$3.35 B

Holdings in Top 10

54.2%

52 WEEK LOW AND HIGH

$118.5
$86.70
$124.50

Expenses

OPERATING FEES

Expense Ratio 0.57%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 22.00%

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 Aerospace & Defense ETF

PPA | ETF

$119.55

$3.35 B

0.44%

$0.53

0.57%

PPA - Profile

Distributions

  • YTD Total Return 30.2%
  • 3 Yr Annualized Total Return 18.7%
  • 5 Yr Annualized Total Return 12.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.71%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Invesco Aerospace & Defense ETF
  • Fund Family Name
    INVESCOETF
  • Inception Date
    Oct 26, 2005
  • Shares Outstanding
    17900000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Peter Hubbard

Fund Description

The Fund generally will invest at least 90% of its total assets in securities that comprise the Underlying Index.
Strictly in accordance with its guidelines and mandated procedures, SPADE Indexes LLC (“SPADE Indexes” or the “Index Provider”) compiles, maintains, and calculates the Underlying Index, which is composed of common stocks of companies that are systematically important to the defense sector and are involved with the development, manufacture, operation and support of U.S. defense, military, national/homeland security, and government space operations. These may include, for example, companies that provide the following products or services: military aircraft, naval vessels, armored vehicles, helicopters, drones and remotely piloted vehicles, missiles and missile defense, command and control, secure communications, battlespace awareness, intelligence and reconnaissance, and space systems, as well as national/homeland security activities including border security, biometric screening systems, and military cybersecurity efforts.
The Index Provider identifies for inclusion in the Underlying Index common stocks of U.S. companies whose shares are listed on the New York Stock Exchange (“NYSE”) or The Nasdaq Stock Market (“Nasdaq”) and weights them according to a modified market capitalization-weighted methodology.
As of June 30, 2024, the Underlying Index was comprised of 53constituents with market capitalizations ranging from approximately $854.4 million to $174 billion.
The Fund employs a “full replication” methodology in seeking to track the Underlying Index, meaning that the Fund generally invests in all of the securities comprising the Underlying Index in proportion to their weightings in the Underlying Index.
The Fund is “non-diversified” and therefore is not required to meet certain diversification requirements under the  Investment Company Act of 1940, as amended (the “1940 Act”).
Concentration Policy. The Fund will concentrate its investments (i.e., invest 25% or more of the value of its total 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 April 30, 2024, the Fund had significant exposure to the aerospace and defense industry. The Fund’s portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time.
Read More

PPA - Performance

Return Ranking - Trailing

Period PPA Return Category Return Low Category Return High Rank in Category (%)
YTD 30.2% -16.8% 48.3% 27.03%
1 Yr 38.0% -10.4% 66.6% 37.84%
3 Yr 18.7%* -24.0% 21.8% 5.41%
5 Yr 12.5%* -0.6% 25.0% 51.35%
10 Yr 14.4%* 4.8% 16.6% 10.00%

* Annualized

Return Ranking - Calendar

Period PPA Return Category Return Low Category Return High Rank in Category (%)
2023 17.6% -8.7% 54.7% 59.46%
2022 8.5% -42.9% 8.8% 5.41%
2021 6.5% -9.5% 32.9% 70.27%
2020 -0.7% -14.7% 70.9% 91.89%
2019 38.3% 13.2% 39.8% 8.57%

Total Return Ranking - Trailing

Period PPA Return Category Return Low Category Return High Rank in Category (%)
YTD 30.2% -16.8% 48.3% 27.03%
1 Yr 38.0% -10.4% 66.6% 37.84%
3 Yr 18.7%* -24.0% 21.8% 5.41%
5 Yr 12.5%* -0.6% 25.0% 51.35%
10 Yr 14.4%* 4.8% 16.6% 10.00%

* Annualized

Total Return Ranking - Calendar

Period PPA Return Category Return Low Category Return High Rank in Category (%)
2023 18.4% -7.8% 55.3% 78.38%
2022 9.5% -39.2% 10.0% 5.41%
2021 7.1% 2.3% 33.7% 91.89%
2020 0.5% -13.6% 71.2% 91.89%
2019 39.6% 14.8% 40.9% 8.57%

PPA - Holdings

Concentration Analysis

PPA Category Low Category High PPA % Rank
Net Assets 3.35 B 8.16 M 18.5 B 13.51%
Number of Holdings 56 23 387 48.65%
Net Assets in Top 10 1.95 B 3.88 M 6.46 B 8.11%
Weighting of Top 10 54.22% 13.1% 76.1% 27.03%

Top 10 Holdings

  1. Lockheed Martin Corp. 7.22%
  2. RTX Corp. 6.95%
  3. Boeing Co. (The) 6.72%
  4. General Electric Co. 6.41%
  5. Northrop Grumman Corp. 5.11%
  6. General Dynamics Corp. 4.68%
  7. Howmet Aerospace Inc. 4.56%
  8. L3Harris Technologies, Inc. 4.32%
  9. Parker-Hannifin Corp. 4.19%
  10. Honeywell International Inc. 4.08%

Asset Allocation

Weighting Return Low Return High PPA % Rank
Stocks 		100.03% 84.96% 100.03% 2.70%
Cash 		4.40% 0.06% 21.45% 27.03%
Preferred Stocks 		0.00% 0.00% 7.25% 32.43%
Other 		0.00% 0.00% 0.24% 56.76%
Convertible Bonds 		0.00% 0.00% 0.00% 21.62%
Bonds 		0.00% 0.00% 0.00% 21.62%

Stock Sector Breakdown

Weighting Return Low Return High PPA % Rank
Industrials 		85.75% 9.02% 99.28% 48.65%
Technology 		12.91% 0.00% 38.28% 16.22%
Consumer Cyclical 		1.02% 0.00% 60.78% 62.16%
Communication Services 		0.33% 0.00% 35.43% 18.92%
Utilities 		0.00% 0.00% 12.67% 37.84%
Real Estate 		0.00% 0.00% 7.67% 32.43%
Healthcare 		0.00% 0.00% 7.75% 40.54%
Financial Services 		0.00% 0.00% 19.45% 40.54%
Energy 		0.00% 0.00% 3.53% 45.95%
Consumer Defense 		0.00% 0.00% 3.96% 35.14%
Basic Materials 		0.00% 0.00% 16.73% 59.46%

Stock Geographic Breakdown

Weighting Return Low Return High PPA % Rank
US 		100.03% 19.59% 100.03% 2.70%
Non US 		0.00% 0.00% 65.38% 37.84%

PPA - Expenses

Operational Fees

PPA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.57% 0.08% 2.43% 62.16%
Management Fee 0.50% 0.03% 0.85% 37.84%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.15% 0.25% N/A

Sales Fees

PPA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

PPA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 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.

PPA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 22.00% 2.00% 205.00% 22.86%

PPA - Distributions

Dividend Yield Analysis

PPA Category Low Category High PPA % Rank
Dividend Yield 0.44% 0.00% 7.61% 64.86%

Dividend Distribution Analysis

PPA Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Quarterly

Net Income Ratio Analysis

PPA Category Low Category High PPA % Rank
Net Income Ratio 0.71% -1.16% 1.35% 37.84%

Capital Gain Distribution Analysis

PPA Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

PPA - Fund Manager Analysis

Managers

Peter Hubbard

Start Date

Tenure

Tenure Rank

Jun 01, 2007

15.01

15.0%

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.

Michael Jeanette

Start Date

Tenure

Tenure Rank

Aug 31, 2008

13.76

13.8%

Michael Jeanette, Senior Portfolio Manager of Invesco Capital Management LLC, has been associated with Invesco Capital Management LLC since 2008. Prior to joining Invesco Capital Management LLC, Mr. Jeanette was a trust advisor and GM of Chicago based Richard Lamb, LLC from 1998 to 2007.

Tony Seisser

Start Date

Tenure

Tenure Rank

Aug 29, 2014

7.76

7.8%

Tony Seisser is a Vice President and Portfolio Manager of Invesco PowerShares Capital Management LLC since December 2013. Prior to joining the Adviser, he was employed by Guggenheim Funds Distributors, Inc. where he was a trader from 2010 to 2013. Prior to that, Mr. Seisser was a compliance investigator at the Chicago Board of Options Exchange and Chicago Futures Exchange from 2008 to 2010.

Pratik Doshi

Start Date

Tenure

Tenure Rank

Aug 28, 2020

1.76

1.8%

Pratik Doshi is a Portfolio Manager of Invesco Capital Management. Mr. Doshi has been a Portfolio Manager of Invesco Capital Management since October 2019 and has been associated with Invesco Capital Management since 2018. Prior to joining Invesco Capital Management, Mr. Doshi was a business student in the MBA program at the University of Chicago from 2016 to 2018. From 2014 to 2016, he served as a Vice President at Bank of America, and from 2007 to 2014 he served as Assistant Vice President at Barclays Capital.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.42 24.18 8.82 3.5

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