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Critical Facts You Need to Know About Preferred Stocks
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Invesco S&P Spin-Off ETF
ETF
CSD
Payout Change
Pending
Price as of:
$86.3072
+0.62
+0.72%
primary theme
U.S. Mid-Cap Blend Equity
CSD (ETF)
Invesco S&P Spin-Off ETF
Payout Change
Pending
Price as of:
$86.3072
+0.62
+0.72%
primary theme
U.S. Mid-Cap Blend Equity
CSD (ETF)
Invesco S&P Spin-Off ETF
Payout Change
Pending
Price as of:
$86.3072
+0.62
+0.72%
primary theme
U.S. Mid-Cap Blend Equity
Name
As of 11/07/2024Price
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
33.8%
1 yr return
54.2%
3 Yr Avg Return
10.7%
5 Yr Avg Return
13.0%
Net Assets
$56 M
Holdings in Top 10
65.9%
52 WEEK LOW AND HIGH
$85.7
$58.59
$86.31
Expenses
OPERATING FEES
Expense Ratio 0.71%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 57.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/07/2024Price
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
CSD - Profile
Distributions
- YTD Total Return 33.8%
- 3 Yr Annualized Total Return 10.7%
- 5 Yr Annualized Total Return 13.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.68%
- Dividend Yield 0.4%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameInvesco S&P Spin-Off ETF
-
Fund Family NameINVESCOETF
-
Inception DateDec 15, 2006
-
Shares Outstanding1090000
-
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.
Strictly in accordance with its guidelines and mandated procedures, S&P Dow Jones Indices LLC (“S&P DJI” or the “Index Provider”) compiles and maintains the Underlying Index, which is designed to measure the performance of U.S. companies that have been spun off from a parent company within the past four years. The Underlying Index is comprised of
equity securities of U.S. companies in the S&P U.S. BMI, a country sub-index of the S&P Global BMI, that have been spun off and have a float-adjusted market capitalization of at least $1 billion at the time they are added to the Underlying Index. The Index Provider defines a spin-off company as any company resulting from one of the following events:
■
Spin-off. A spin-off occurs when a company divests a subsidiary or division to create a new, independent company.
■
Carve-out. The sale by a parent company of a minority stake in a subsidiary to public shareholders.
■
Split-off. The distribution of shares of a subsidiary company by its parent company to parent company shareholders that elect to redeem their shares in the parent company in return for shares of the subsidiary company.
As of June 30, 2024, the Underlying Index was comprised of 28constituents with market capitalizations ranging from $200.6 million to $63.1 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 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 April 30, 2024, the Fund had significant exposure to the industrials sector. The Fund’s portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time.
CSD - Performance
Return Ranking - Trailing
| Period | CSD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 33.8% | -8.3% | 48.7% | 1.68% |
| 1 Yr | 54.2% | 9.9% | 65.0% | 1.40% |
| 3 Yr | 10.7%* | -21.4% | 22.7% | 3.41% |
| 5 Yr | 13.0%* | 0.3% | 25.5% | 14.33% |
| 10 Yr | 7.9%* | 2.9% | 14.0% | 76.64% |
* Annualized
Return Ranking - Calendar
| Period | CSD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 23.1% | -12.9% | 28.8% | 5.35% |
| 2022 | -15.8% | -52.6% | 20.1% | 26.42% |
| 2021 | 12.2% | -43.8% | 32.4% | 45.51% |
| 2020 | 9.7% | -10.6% | 82.1% | 41.44% |
| 2019 | 19.3% | -8.5% | 37.5% | 69.43% |
Total Return Ranking - Trailing
| Period | CSD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 33.8% | -8.3% | 48.7% | 1.68% |
| 1 Yr | 54.2% | 9.9% | 65.0% | 1.40% |
| 3 Yr | 10.7%* | -21.4% | 22.7% | 3.41% |
| 5 Yr | 13.0%* | 0.3% | 25.5% | 14.33% |
| 10 Yr | 7.9%* | 2.9% | 14.0% | 76.64% |
* Annualized
Total Return Ranking - Calendar
| Period | CSD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 23.8% | 1.2% | 31.3% | 8.17% |
| 2022 | -15.0% | -45.7% | 21.1% | 53.69% |
| 2021 | 13.0% | -30.2% | 52.8% | 95.07% |
| 2020 | 10.8% | -8.4% | 84.3% | 61.26% |
| 2019 | 20.6% | 1.0% | 43.4% | 92.36% |
CSD - Holdings
Concentration Analysis
| CSD | Category Low | Category High | CSD % Rank | |
|---|---|---|---|---|
| Net Assets | 56 M | 728 K | 168 B | 85.43% |
| Number of Holdings | 31 | 1 | 2780 | 92.44% |
| Net Assets in Top 10 | 39.8 M | 399 K | 13.2 B | 70.31% |
| Weighting of Top 10 | 65.95% | 0.5% | 100.0% | 1.97% |
Top 10 Holdings
- Invesco Private Prime Fund 12.92%
- Veralto Corp. 7.72%
- GE HealthCare Technologies Inc. 7.42%
- GE VERNOVA INC. 6.88%
- Constellation Energy Corp. 6.00%
- Solventum Corp. 5.39%
- Crane Co. 5.13%
- Invesco Private Government Fund 4.96%
- DT Midstream, Inc. 4.79%
- GXO Logistics, Inc. 4.75%
Asset Allocation
| Weighting | Return Low | Return High | CSD % Rank | |
|---|---|---|---|---|
| Stocks | 99.99% | 0.86% | 100.67% | 1.68% |
| Cash | 17.96% | 0.00% | 99.07% | 1.12% |
| Preferred Stocks | 0.00% | 0.00% | 11.46% | 52.10% |
| Other | 0.00% | -0.01% | 51.08% | 65.27% |
| Convertible Bonds | 0.00% | 0.00% | 1.78% | 52.38% |
| Bonds | 0.00% | 0.00% | 72.71% | 57.42% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | CSD % Rank | |
|---|---|---|---|---|
| Industrials | 29.63% | 0.00% | 45.89% | 1.97% |
| Basic Materials | 15.26% | 0.00% | 16.35% | 1.12% |
| Consumer Cyclical | 14.44% | 2.49% | 46.48% | 30.90% |
| Technology | 11.94% | 0.00% | 40.65% | 83.71% |
| Healthcare | 7.78% | 0.00% | 24.06% | 81.18% |
| Utilities | 7.56% | 0.00% | 18.97% | 11.80% |
| Energy | 6.96% | 0.00% | 58.13% | 25.56% |
| Real Estate | 5.00% | 0.00% | 25.82% | 70.79% |
| Communication Services | 1.43% | 0.00% | 30.98% | 78.37% |
| Financial Services | 0.00% | 0.00% | 46.10% | 99.72% |
| Consumer Defense | 0.00% | 0.00% | 32.18% | 98.60% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | CSD % Rank | |
|---|---|---|---|---|
| US | 99.99% | 0.86% | 100.25% | 1.40% |
| Non US | 0.00% | 0.00% | 10.11% | 59.10% |
CSD - Expenses
Operational Fees
| CSD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.71% | 0.03% | 19.40% | 73.80% |
| Management Fee | 0.50% | 0.00% | 1.50% | 27.61% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.30% | N/A |
Sales Fees
| CSD 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
| CSD 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.
| CSD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 57.00% | 0.00% | 304.00% | 66.98% |
CSD - Distributions
Dividend Yield Analysis
| CSD | Category Low | Category High | CSD % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.38% | 0.00% | 29.78% | 70.59% |
Dividend Distribution Analysis
| CSD | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| CSD | Category Low | Category High | CSD % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.68% | -2.06% | 3.38% | 32.11% |
Capital Gain Distribution Analysis
| CSD | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 18, 2023 | $0.332 | OrdinaryDividend |
| Dec 19, 2022 | $0.450 | OrdinaryDividend |
| Dec 20, 2021 | $0.455 | OrdinaryDividend |
| Dec 21, 2020 | $0.549 | OrdinaryDividend |
| Dec 23, 2019 | $0.547 | OrdinaryDividend |
| Dec 24, 2018 | $0.421 | OrdinaryDividend |
| Dec 26, 2017 | $0.315 | OrdinaryDividend |
| Dec 23, 2016 | $0.702 | OrdinaryDividend |
| Dec 24, 2015 | $1.002 | OrdinaryDividend |
| Dec 24, 2014 | $0.736 | OrdinaryDividend |
| Dec 24, 2013 | $0.085 | OrdinaryDividend |
| Dec 24, 2012 | $0.078 | OrdinaryDividend |
| Dec 23, 2011 | $0.112 | OrdinaryDividend |
| Dec 27, 2010 | $0.107 | OrdinaryDividend |
| Dec 24, 2009 | $0.343 | OrdinaryDividend |
| Dec 24, 2008 | $0.428 | OrdinaryDividend |
| Dec 26, 2007 | $0.185 | OrdinaryDividend |
CSD - 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 | 7.29 | 5.78 |
