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Critical Facts You Need to Know About Preferred Stocks
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Invesco Raymond James SB-1 Equity ETF
ETF
RYJ
Payout Change
Pending
Price as of:
$65.3643
-0.93
-1.4%
primary theme
N/A
RYJ (ETF)
Invesco Raymond James SB-1 Equity ETF
Payout Change
Pending
Price as of:
$65.3643
-0.93
-1.4%
primary theme
N/A
RYJ (ETF)
Invesco Raymond James SB-1 Equity ETF
Payout Change
Pending
Price as of:
$65.3643
-0.93
-1.4%
primary theme
N/A
Name
As of 03/22/2024Price
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
Vitals
YTD Return
7.3%
1 yr return
27.2%
3 Yr Avg Return
5.5%
5 Yr Avg Return
9.6%
Net Assets
$114 M
Holdings in Top 10
28.5%
52 WEEK LOW AND HIGH
$66.3
$51.62
$66.29
Expenses
OPERATING FEES
Expense Ratio 0.40%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 110.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 03/22/2024Price
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
RYJ - Profile
Distributions
- YTD Total Return 7.3%
- 3 Yr Annualized Total Return 5.5%
- 5 Yr Annualized Total Return 9.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.49%
- Dividend Yield 1.3%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameInvesco Raymond James SB-1 Equity ETF
-
Fund Family NameINVESCOETF
-
Inception DateMay 19, 2006
-
Shares Outstanding2152822
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerTony Seisser
Fund Description
The Fund generally will invest at least 90% of its total assets in securities that comprise the Underlying Index.
Bloomberg Index Services Limited (the “Index Provider”) compiles, maintains and calculates the Underlying Index, which is comprised of large- and mid-cap U.S. equity securities with the most improved consensus ratings based on data from Bloomberg Analyst Recommendations (“ANR”), an affiliate of the Index Provider. The Index Provider aims to select the 50 companies with the most improved consensus ratings over the previous 12 months.
To be eligible for inclusion in the Underlying Index, a security must be included in the Bloomberg U.S. Large Mid Universe, which is a float market-cap-weighted equity benchmark that covers 85% of the market cap of the U.S. equity market. Eligible security types include all listed equities, real estate investment trusts (“REITs”), and certain business development companies (“BDCs”). The Underlying Index excludes securities that do not have sufficient trading volume or analyst ratings. A security must have greater than 10 analysts covering it to be eligible for inclusion in the
Underlying Index. The Index Provider collects recommendations by equity research analysts for various financial institutions to build a proprietary “ANR” score for each company. Using a scale of 1 to 5 (where 1 indicates a strong sell rating and 5 indicates a strong buy rating), the Index Provider determines a consensus rating for each security that represents the average rating of all analysts who updated their recommendation for that security within the last 12 months. To be eligible for inclusion in the Underlying Index, a security must have a consensus rating of less than 4 and greater than 1. Securities that do not have gross margin or net profit margin data for the previous 5 years or that do not have a consensus rating from either 6 or 12 months prior are also excluded.
Securities that satisfy this eligibility criteria are then assigned an “ANR Improvers Score” by the Index Provider. The ANR Improvers Score is equal to the combined improvement in Consensus Rating over the previous 6 months and the previous 12 months. The 50 companies with the highest ANR Improvers Scores are included in the Underlying Index.
Upon completion of the screening process, the Underlying Index components are equally weighted.
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.
As of January 31, 2024, the Underlying Index was comprised of 50constituents with market capitalizations ranging from $6.2billion to $307.1 billion.
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.
RYJ - Performance
Return Ranking - Trailing
| Period | RYJ Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.3% | -8.0% | 23.0% | 50.82% |
| 1 Yr | 27.2% | -1.9% | 56.1% | 31.69% |
| 3 Yr | 5.5%* | -19.4% | 19.8% | 64.41% |
| 5 Yr | 9.6%* | 0.0% | 21.6% | 77.71% |
| 10 Yr | 7.7%* | 2.1% | 13.2% | 64.81% |
* Annualized
Return Ranking - Calendar
| Period | RYJ Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.0% | -12.9% | 28.8% | 44.78% |
| 2022 | -13.8% | -52.6% | 20.1% | 14.68% |
| 2021 | 23.4% | -43.8% | 32.4% | 12.99% |
| 2020 | 5.9% | -10.6% | 82.1% | 72.06% |
| 2019 | 31.8% | -8.5% | 37.5% | 3.74% |
Total Return Ranking - Trailing
| Period | RYJ Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.3% | -8.0% | 23.0% | 50.82% |
| 1 Yr | 27.2% | -1.9% | 56.1% | 31.69% |
| 3 Yr | 5.5%* | -19.4% | 19.8% | 64.41% |
| 5 Yr | 9.6%* | 0.0% | 21.6% | 77.71% |
| 10 Yr | 7.7%* | 2.1% | 13.2% | 64.81% |
* Annualized
Total Return Ranking - Calendar
| Period | RYJ Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.7% | 1.2% | 31.3% | 53.02% |
| 2022 | -13.2% | -45.7% | 21.1% | 29.36% |
| 2021 | 24.1% | -30.2% | 52.8% | 52.82% |
| 2020 | 6.2% | -8.4% | 84.3% | 89.12% |
| 2019 | 32.0% | 1.0% | 43.4% | 15.58% |
RYJ - Holdings
Concentration Analysis
| RYJ | Category Low | Category High | RYJ % Rank | |
|---|---|---|---|---|
| Net Assets | 114 M | 728 K | 139 B | 75.20% |
| Number of Holdings | 173 | 1 | 2609 | 35.58% |
| Net Assets in Top 10 | 30.4 M | 155 K | 11.7 B | 70.35% |
| Weighting of Top 10 | 28.52% | 0.5% | 126.5% | 31.62% |
Top 10 Holdings
- Invesco Private Prime Fund 16.48%
- Invesco Private Government Fund 6.39%
- Blueprint Medicines Corp. 0.77%
- Customers Bancorp, Inc. 0.76%
- Ocular Therapeutix, Inc. 0.73%
- CymaBay Therapeutics, Inc. 0.73%
- Merchants Bancorp 0.68%
- EngageSmart Inc. 0.68%
- Cushman Wakefield PLC 0.66%
- SBA Communications Corp., Class A 0.66%
Asset Allocation
| Weighting | Return Low | Return High | RYJ % Rank | |
|---|---|---|---|---|
| Stocks | 99.91% | 0.00% | 104.46% | 6.47% |
| Cash | 22.94% | 0.00% | 99.15% | 1.89% |
| Preferred Stocks | 0.00% | 0.00% | 14.30% | 86.52% |
| Other | 0.00% | -1.04% | 25.16% | 84.10% |
| Convertible Bonds | 0.00% | 0.00% | 1.78% | 86.52% |
| Bonds | 0.00% | 0.00% | 98.67% | 86.52% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | RYJ % Rank | |
|---|---|---|---|---|
| Financial Services | 17.60% | 0.00% | 46.10% | 17.57% |
| Technology | 16.87% | 0.00% | 40.65% | 36.22% |
| Real Estate | 13.78% | 0.00% | 25.82% | 2.97% |
| Healthcare | 11.97% | 0.00% | 24.06% | 28.38% |
| Industrials | 11.43% | 0.00% | 45.89% | 88.65% |
| Energy | 10.89% | 0.00% | 58.13% | 7.84% |
| Consumer Cyclical | 8.56% | 2.49% | 46.48% | 79.46% |
| Communication Services | 4.91% | 0.00% | 30.98% | 10.27% |
| Consumer Defense | 3.02% | 0.00% | 32.18% | 78.65% |
| Basic Materials | 0.98% | 0.00% | 16.35% | 95.41% |
| Utilities | 0.00% | 0.00% | 18.97% | 96.49% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | RYJ % Rank | |
|---|---|---|---|---|
| US | 99.91% | 0.00% | 104.46% | 4.04% |
| Non US | 0.00% | 0.00% | 19.95% | 89.22% |
RYJ - Expenses
Operational Fees
| RYJ Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.40% | 0.03% | 35.91% | 86.41% |
| Management Fee | 0.40% | 0.00% | 1.50% | 22.76% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.30% | N/A |
Sales Fees
| RYJ 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% | 4.00% | N/A |
Trading Fees
| RYJ 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.
| RYJ Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 110.00% | 0.00% | 304.00% | 93.98% |
RYJ - Distributions
Dividend Yield Analysis
| RYJ | Category Low | Category High | RYJ % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.31% | 0.00% | 29.48% | 40.16% |
Dividend Distribution Analysis
| RYJ | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| RYJ | Category Low | Category High | RYJ % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.49% | -2.06% | 3.38% | 40.11% |
Capital Gain Distribution Analysis
| RYJ | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 22, 2023 | $0.858 | OrdinaryDividend |
| Dec 23, 2022 | $0.391 | OrdinaryDividend |
| Dec 31, 2021 | $0.328 | OrdinaryDividend |
| Dec 31, 2020 | $0.143 | OrdinaryDividend |
| Dec 31, 2019 | $0.096 | OrdinaryDividend |
| Dec 31, 2018 | $0.522 | OrdinaryDividend |
| Dec 30, 2016 | $0.595 | OrdinaryDividend |
| Dec 31, 2015 | $0.301 | OrdinaryDividend |
| Dec 31, 2014 | $0.091 | OrdinaryDividend |
| Dec 31, 2013 | $0.113 | OrdinaryDividend |
| Dec 31, 2012 | $0.081 | OrdinaryDividend |
| Dec 30, 2011 | $0.029 | OrdinaryDividend |
| Dec 31, 2008 | $0.033 | OrdinaryDividend |
RYJ - Fund Manager Analysis
Managers
Tony Seisser
Start Date
Tenure
Tenure Rank
Apr 09, 2018
4.15
4.2%
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.
Peter Hubbard
Start Date
Tenure
Tenure Rank
Apr 09, 2018
4.15
4.2%
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
Apr 09, 2018
4.15
4.2%
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.
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 |
|---|---|---|---|
| 0.25 | 38.44 | 7.25 | 5.78 |
