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Critical Facts You Need to Know About Preferred Stocks
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Invesco SP Ultra Dividend Revenue ETF
ETF
RDIV
Payout Change
Pending
Price as of:
$48.79
+0.67
+1.4%
primary theme
U.S. Large-Cap Value Equity
RDIV (ETF)
Invesco SP Ultra Dividend Revenue ETF
Payout Change
Pending
Price as of:
$48.79
+0.67
+1.4%
primary theme
U.S. Large-Cap Value Equity
RDIV (ETF)
Invesco SP Ultra Dividend Revenue ETF
Payout Change
Pending
Price as of:
$48.79
+0.67
+1.4%
primary theme
U.S. Large-Cap Value Equity
Name
As of 12/20/2024Price
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
13.6%
1 yr return
16.0%
3 Yr Avg Return
10.0%
5 Yr Avg Return
8.4%
Net Assets
$872 M
Holdings in Top 10
49.2%
52 WEEK LOW AND HIGH
$48.1
$41.68
$52.79
Expenses
OPERATING FEES
Expense Ratio 0.39%
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 12/20/2024Price
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
RDIV - Profile
Distributions
- YTD Total Return 13.6%
- 3 Yr Annualized Total Return 10.0%
- 5 Yr Annualized Total Return 8.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.37%
- Dividend Yield 4.1%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameInvesco SP Ultra Dividend Revenue ETF
-
Fund Family NameINVESCOETF
-
Inception DateSep 30, 2013
-
Shares Outstanding18600000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPeter Hubbard
Fund Description
The Fund generally will invest at least 90% of its total assets in the securities that comprise the Underlying Index.
Strictly in accordance with its guidelines and mandated procedures, S&P Dow Jones Indices LLC (the “Index Provider”) compiles, maintains, and calculates the Underlying Index, which is designed to measure the performance of positive revenue-producing constituent securities of the S&P 900® Index (the “Parent Index”). The Parent Index is comprised of common stocks of approximately 900 mid- and large-capitalization companies, and is created by combining the S&P 500® Index and S&P MidCap 400® Index to form an investable benchmark for the large- and mid-cap segments of the U.S. equity market. From a universe of components of the Parent Index, the Underlying Index (1) excludes securities that do not currently pay a dividend and (2) excludes securities whose revenues over the last 12 months are unavailable,zero, or not positive. Of the remaining eligible securities, the Underlying Index excludes the top 5% of securities by the average 12-month trailing dividend yield from the previous four quarters, including the most recent quarter, and the top 5% of securities within each sector, as classified by the Global Industry Classification Standard (“GICS®“), by the last 12-month dividend payout ratio, which is calculated as its dividend per
share divided by the basic earnings per share. The top 60 remaining securities with the highest dividend yield are included in the Underlying Index.
Unlike the Parent Index, which weights component securities by float-adjusted market capitalization, thereby giving higher percentage allocations to companies with larger market capitalizations, the Underlying Index uses a “revenue-weighted” methodology, whereby it weights each constituent security based on the sum of the company’s revenues for the trailing four quarters, divided by the total revenue of all Underlying Index constituents, subject to a maximum 5% per company weighting. Any excess weight is proportionally redistributed to all uncapped constituents.
As of October 31, 2023, the Underlying Index was comprised of 57 constituents with market capitalizations ranging from $2.4 billion to $152.9 billion.
The Fund employs a “full replication” methodology in seeking to track the Underlying Index, meaning 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 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.
RDIV - Performance
Return Ranking - Trailing
| Period | RDIV Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.6% | -18.8% | 44.3% | 43.96% |
| 1 Yr | 16.0% | -16.0% | 44.3% | 36.83% |
| 3 Yr | 10.0%* | -3.7% | 17.7% | 11.98% |
| 5 Yr | 8.4%* | -1.1% | 43.5% | 63.55% |
| 10 Yr | N/A* | 1.1% | 24.6% | 73.37% |
* Annualized
Return Ranking - Calendar
| Period | RDIV Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.3% | -16.9% | 46.1% | 85.37% |
| 2022 | 3.4% | -64.7% | 4.6% | 0.38% |
| 2021 | 24.7% | -44.2% | 57.5% | 11.36% |
| 2020 | -14.3% | -23.2% | 285.0% | 98.19% |
| 2019 | N/A | -21.4% | 48.5% | N/A |
Total Return Ranking - Trailing
| Period | RDIV Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.6% | -18.8% | 44.3% | 43.96% |
| 1 Yr | 16.0% | -16.0% | 44.3% | 36.83% |
| 3 Yr | 10.0%* | -3.7% | 17.7% | 11.98% |
| 5 Yr | 8.4%* | -1.1% | 43.5% | 63.55% |
| 10 Yr | N/A* | 1.1% | 24.6% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | RDIV Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.7% | -15.9% | 46.7% | 90.99% |
| 2022 | 7.1% | -42.0% | 8.5% | 0.57% |
| 2021 | 29.1% | 3.6% | 129.7% | 18.02% |
| 2020 | -9.2% | -22.6% | 304.8% | 98.29% |
| 2019 | N/A | -12.7% | 52.1% | N/A |
RDIV - Holdings
Concentration Analysis
| RDIV | Category Low | Category High | RDIV % Rank | |
|---|---|---|---|---|
| Net Assets | 872 M | 2.09 M | 163 B | 51.92% |
| Number of Holdings | 62 | 2 | 1727 | 68.57% |
| Net Assets in Top 10 | 405 M | 466 K | 39.5 B | 44.43% |
| Weighting of Top 10 | 49.20% | 4.4% | 99.1% | 6.37% |
Top 10 Holdings
- Best Buy Co., Inc. 5.43%
- Bristol-Myers Squibb Co. 5.31%
- Philip Morris International Inc. 5.25%
- U.S. Bancorp 5.01%
- Duke Energy Corp. 4.98%
- PNC Financial Services Group, Inc. (The) 4.95%
- LyondellBasell Industries N.V., Class A 4.92%
- Kraft Heinz Co. (The) 4.80%
- Prudential Financial, Inc. 4.66%
- Ford Motor Co. 3.89%
Asset Allocation
| Weighting | Return Low | Return High | RDIV % Rank | |
|---|---|---|---|---|
| Stocks | 99.57% | 4.16% | 102.49% | 15.06% |
| Cash | 3.16% | 0.00% | 17.28% | 20.30% |
| Preferred Stocks | 0.00% | 0.00% | 13.68% | 90.55% |
| Other | 0.00% | -2.59% | 39.89% | 87.18% |
| Convertible Bonds | 0.00% | 0.00% | 3.66% | 90.41% |
| Bonds | 0.00% | 0.00% | 97.99% | 90.55% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | RDIV % Rank | |
|---|---|---|---|---|
| Healthcare | 26.87% | 0.00% | 30.08% | 1.70% |
| Utilities | 21.59% | 0.00% | 27.04% | 0.57% |
| Financial Services | 19.47% | 0.00% | 58.05% | 49.86% |
| Consumer Defense | 11.73% | 0.00% | 34.10% | 19.36% |
| Consumer Cyclical | 8.87% | 0.00% | 22.74% | 16.53% |
| Industrials | 5.64% | 0.00% | 42.76% | 93.01% |
| Real Estate | 3.27% | 0.00% | 90.54% | 39.94% |
| Communication Services | 2.56% | 0.00% | 26.58% | 88.20% |
| Technology | 0.00% | 0.00% | 54.02% | 100.00% |
| Energy | 0.00% | 0.00% | 54.00% | 99.72% |
| Basic Materials | 0.00% | 0.00% | 20.01% | 98.49% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | RDIV % Rank | |
|---|---|---|---|---|
| US | 99.57% | 4.16% | 102.49% | 14.03% |
| Non US | 0.00% | 0.00% | 24.08% | 92.05% |
RDIV - Expenses
Operational Fees
| RDIV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.39% | 0.03% | 14.82% | 91.46% |
| Management Fee | 0.39% | 0.00% | 1.50% | 15.29% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| RDIV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 0.95% | 5.00% | N/A |
Trading Fees
| RDIV 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.
| RDIV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 488.00% | 82.77% |
RDIV - Distributions
Dividend Yield Analysis
| RDIV | Category Low | Category High | RDIV % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.11% | 0.00% | 16.67% | 34.36% |
Dividend Distribution Analysis
| RDIV | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Semi-Annually | Annual |
Net Income Ratio Analysis
| RDIV | Category Low | Category High | RDIV % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.37% | -1.51% | 4.28% | 1.72% |
Capital Gain Distribution Analysis
| RDIV | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 23, 2024 | $0.501 | OrdinaryDividend |
| Jun 24, 2024 | $0.448 | OrdinaryDividend |
| Mar 18, 2024 | $0.501 | OrdinaryDividend |
| Dec 18, 2023 | $0.403 | OrdinaryDividend |
| Sep 18, 2023 | $0.491 | OrdinaryDividend |
| Jun 20, 2023 | $0.390 | OrdinaryDividend |
| Mar 20, 2023 | $0.432 | OrdinaryDividend |
| Dec 19, 2022 | $0.429 | OrdinaryDividend |
| Sep 19, 2022 | $0.370 | OrdinaryDividend |
| Jun 21, 2022 | $0.350 | OrdinaryDividend |
| Mar 21, 2022 | $0.350 | OrdinaryDividend |
| Dec 20, 2021 | $0.334 | OrdinaryDividend |
| Sep 20, 2021 | $0.362 | OrdinaryDividend |
| Jun 21, 2021 | $0.329 | OrdinaryDividend |
| Mar 22, 2021 | $0.373 | OrdinaryDividend |
| Dec 21, 2020 | $0.850 | OrdinaryDividend |
| Sep 21, 2020 | $0.372 | OrdinaryDividend |
| Jun 22, 2020 | $0.162 | OrdinaryDividend |
| Mar 23, 2020 | $0.284 | OrdinaryDividend |
| Dec 23, 2019 | $0.488 | OrdinaryDividend |
| Sep 23, 2019 | $0.422 | OrdinaryDividend |
| Jun 24, 2019 | $0.336 | OrdinaryDividend |
| Mar 19, 2019 | $0.271 | OrdinaryDividend |
| Dec 26, 2018 | $0.331 | OrdinaryDividend |
| Sep 25, 2018 | $0.406 | OrdinaryDividend |
| Jun 19, 2018 | $0.379 | OrdinaryDividend |
| Mar 16, 2018 | $0.329 | OrdinaryDividend |
| Dec 28, 2017 | $0.446 | OrdinaryDividend |
| Oct 03, 2017 | $0.417 | OrdinaryDividend |
| Jul 05, 2017 | $0.351 | OrdinaryDividend |
| Apr 04, 2017 | $0.345 | OrdinaryDividend |
| Dec 28, 2016 | $0.313 | OrdinaryDividend |
| Dec 28, 2016 | $0.020 | CapitalGainLongTerm |
| Oct 04, 2016 | $0.271 | OrdinaryDividend |
| Jul 05, 2016 | $0.212 | OrdinaryDividend |
| Apr 04, 2016 | $0.253 | OrdinaryDividend |
| Dec 29, 2015 | $0.368 | OrdinaryDividend |
| Oct 05, 2015 | $0.296 | OrdinaryDividend |
| Jul 06, 2015 | $0.244 | OrdinaryDividend |
| Apr 02, 2015 | $0.333 | OrdinaryDividend |
| Dec 29, 2014 | $0.241 | OrdinaryDividend |
| Dec 29, 2014 | $0.031 | CapitalGainShortTerm |
| Oct 03, 2014 | $0.310 | OrdinaryDividend |
| Jul 03, 2014 | $0.226 | OrdinaryDividend |
| Apr 02, 2014 | $0.212 | OrdinaryDividend |
| Dec 27, 2013 | $0.237 | OrdinaryDividend |
RDIV - Fund Manager Analysis
Managers
Peter Hubbard
Start Date
Tenure
Tenure Rank
May 24, 2019
3.02
3.0%
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
May 24, 2019
3.02
3.0%
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
May 24, 2019
3.02
3.0%
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
Oct 28, 2019
2.59
2.6%
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 |
|---|---|---|---|
| 0.05 | 86.59 | 8.12 | 0.25 |
