Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
You take care of your investments. We like that.
Upgrade to Premium to access your Watchlist and more.
Summary Information
ETF
IVDG
Payout Change
Pending
Price as of:
$10.05
+0.0
+0.0%
primary theme
N/A
IVDG (ETF)
Summary Information
Payout Change
Pending
Price as of:
$10.05
+0.0
+0.0%
primary theme
N/A
IVDG (ETF)
Summary Information
Payout Change
Pending
Price as of:
$10.05
+0.0
+0.0%
primary theme
N/A
Name
As of 03/30/2023Price
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
2.0%
1 yr return
-11.2%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$602 K
Holdings in Top 10
34.3%
52 WEEK LOW AND HIGH
$10.1
$9.01
$11.31
Expenses
OPERATING FEES
Expense Ratio N/A
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 03/30/2023Price
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
IVDG - Profile
Distributions
- YTD Total Return 2.0%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 0.1%
- Dividend Distribution Frequency N/A
Fund Details
-
Legal NameSummary Information
-
Fund Family NameINVESCOETF
-
Inception DateDec 22, 2020
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJustin Livengood
Fund Description
The Fund is an actively managed exchange-traded fund (“ETF”) that operates pursuant to an exemptive order from the SEC (the “Order”) and is not required to publicly disclose its complete portfolio holdings each day that the Fund is open (a “Business Day”). Instead, the Fund publishes each Business Day on its website a “Substitute Basket,” which is designed to closely track the daily performance of the Fund but is not the Fund’s actual portfolio. The Substitute Basket often will include a significant percentage of the securities held in the Fund’s portfolio, but it will exclude (or modify the weightings of) certain securities held in the Fund’s portfolio, such as those securities that the Fund’s portfolio managers are actively looking to purchase or sell, or securities which, if disclosed, could increase the risk of front-running or free-riding. The Substitute Basket may also include cash.
In addition, the Fund also publishes each Business Day on its website the “Basket Overlap,” which is the percentage weight overlap between the holdings of the prior Business Day’s Substitute Basket compared to the holdings of the Fund that formed the basis for the Fund’s calculation of net asset value per share (“NAV”) at the end of the prior Business Day. The Basket Overlap is designed to provide investors with an understanding of how similar the Substitute Basket is to the Fund’s actual portfolio in percentage terms. At the close of trading on each Business Day, the Fund will also calculate the standard deviation over the past three months of the
daily proxy spread (i.e., the difference, in percentage terms, between the Substitute Basket per share NAV and that of the Fund at the end of the trading day) (the “Tracking Error”) and will publish such information before the opening of trading on each Business Day.
The Fund seeks to achieve its investment objective by investing primarily in exchange-traded common stocks of U.S. companies that Invesco Advisers, Inc. (the “Sub-Adviser”) expects to have above average growth rates.
The Fund seeks to invest in newer companies or in more established companies that are in the early growth phase of their business cycle, which is typically marked by above average growth rates. The Fund may invest in securities of issuers of all capitalization sizes; however, it will primarily hold securities of mid-capitalization issuers. The Fund defines mid-capitalization issuers as those issuers that are within the range of market capitalizations of the Russell Midcap® Growth Index. This range is subject to change at any time due to market activity or changes in the composition of that index. The Fund measures a company’s capitalization at the time the Fund buys a security and is not required to sell a security if the issuer’s capitalization moves outside of the Fund’s definition of mid-capitalization issuers.
The Fund may invest up to 25% of its net assets in common stock of foreign issuers, including up to 10% of its net assets in emerging market countries, i.e., those that are in the early stages of their industrial cycles. The Fund may make such investment in common stock of foreign issuers by either: (i) investing directly in common stock listed on a foreign exchange that trades on such exchange contemporaneously with the Shares (currently limited to Canada and Mexico); or (ii) investing in exchange-traded American depositary receipts (“ADRs”) representing common stock trading on any foreign exchange that trades contemporaneously with the Shares.
In selecting investments for the Fund, the Sub-Adviser looks for companies with high growth potential using a “bottom-up” stock selection process. The “bottom-up” approach focuses on fundamental analysis of individual issuers before considering the impact of overall economic, market or industry trends. This approach includes analysis of a company’s financial statements and management structure and consideration of the company’s operations, product development, and its industry position.
The portfolio managers currently focus on growth companies that are characterized by industry leadership, market share growth, high caliber management teams, sustainable competitive advantages, and strong growth themes or new innovative products or services. The portfolio managers monitor individual issuers for changes in the factors above, which may trigger a decision to sell a security, but does not require a decision to do so. The factors considered by the portfolio managers may vary in particular cases and may change over time.
The portfolio managers aim to maintain a focused portfolio of securities (usually holding 50 or fewer securities) but will invest the Fund across major economic sectors by applying investment parameters for both sector and position size.
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”).
IVDG - Performance
Return Ranking - Trailing
| Period | IVDG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.0% | -49.0% | 26.9% | 96.45% |
| 1 Yr | -11.2% | -80.5% | 2166.7% | 84.30% |
| 3 Yr | N/A* | -41.2% | 180.5% | N/A |
| 5 Yr | N/A* | -29.6% | 82.6% | N/A |
| 10 Yr | N/A* | -18.1% | 15.5% | N/A |
* Annualized
Return Ranking - Calendar
| Period | IVDG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | -28.8% | -85.6% | 21888.9% | 2.93% |
| 2024 | 7.6% | -52.0% | 800.0% | N/A |
| 2023 | N/A | -100.0% | 195.3% | N/A |
| 2022 | N/A | -100.0% | 9.5% | N/A |
| 2021 | N/A | -33.3% | 36.8% | N/A |
Total Return Ranking - Trailing
| Period | IVDG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.0% | -54.7% | 26.9% | 96.79% |
| 1 Yr | -11.2% | -80.5% | 2166.7% | 84.38% |
| 3 Yr | N/A* | -41.2% | 180.5% | N/A |
| 5 Yr | N/A* | -28.4% | 82.6% | N/A |
| 10 Yr | N/A* | -16.9% | 15.6% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | IVDG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | -28.8% | -85.6% | 21888.9% | 2.93% |
| 2024 | 7.6% | -52.0% | 800.0% | N/A |
| 2023 | N/A | -100.0% | 195.3% | N/A |
| 2022 | N/A | -100.0% | 9.5% | N/A |
| 2021 | N/A | -33.3% | 36.8% | N/A |
IVDG - Holdings
Concentration Analysis
| IVDG | Category Low | Category High | IVDG % Rank | |
|---|---|---|---|---|
| Net Assets | 602 K | 710 K | 85.5 B | 100.00% |
| Number of Holdings | 42 | 20 | 3702 | 85.09% |
| Net Assets in Top 10 | 207 K | 259 K | 10.9 B | 100.00% |
| Weighting of Top 10 | 34.29% | 5.5% | 92.1% | 21.44% |
Top 10 Holdings
- Invesco Shrt-Trm Inv Gov&Agcy Instl 4.21%
- Monolithic Power Systems Inc 4.12%
- Synopsys Inc 4.09%
- Cheniere Energy Inc 4.05%
- Zebra Technologies Corp Class A 3.59%
- HubSpot Inc 3.54%
- Hilton Worldwide Holdings Inc 3.53%
- Waste Connections Inc 3.49%
- Twilio Inc A 3.45%
- Gartner Inc 3.44%
Asset Allocation
| Weighting | Return Low | Return High | IVDG % Rank | |
|---|---|---|---|---|
| Stocks | 97.90% | 23.99% | 100.52% | 82.75% |
| Cash | 2.82% | -0.52% | 26.94% | 15.41% |
| Preferred Stocks | 0.00% | 0.00% | 2.30% | 10.89% |
| Other | 0.00% | -2.66% | 23.05% | 16.42% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 3.35% |
| Bonds | 0.00% | 0.00% | 44.75% | 7.37% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | IVDG % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 12.94% | 28.81% |
| Technology | 0.00% | 0.04% | 62.17% | 62.48% |
| Real Estate | 0.00% | 0.00% | 19.28% | 30.99% |
| Industrials | 0.00% | 0.00% | 38.23% | 57.45% |
| Healthcare | 0.00% | 0.00% | 43.77% | 29.31% |
| Financial Services | 0.00% | 0.00% | 43.01% | 30.32% |
| Energy | 0.00% | 0.00% | 62.10% | 6.37% |
| Communication Services | 0.00% | 0.00% | 18.33% | 61.31% |
| Consumer Defense | 0.00% | 0.00% | 16.40% | 56.95% |
| Consumer Cyclical | 0.00% | 0.00% | 57.41% | 84.09% |
| Basic Materials | 0.00% | 0.00% | 17.25% | 54.27% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | IVDG % Rank | |
|---|---|---|---|---|
| US | 97.90% | 23.38% | 100.52% | 67.34% |
| Non US | 0.00% | 0.00% | 35.22% | 45.56% |
IVDG - Expenses
Operational Fees
| IVDG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | N/A | 0.02% | 2.69% | 90.17% |
| Management Fee | 0.01% | 0.00% | 1.50% | 18.72% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.40% | N/A |
Sales Fees
| IVDG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| IVDG 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.
| IVDG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 417.06% | 93.82% |
IVDG - Distributions
Dividend Yield Analysis
| IVDG | Category Low | Category High | IVDG % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.13% | 0.00% | 2.54% | 11.73% |
Dividend Distribution Analysis
| IVDG | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Monthly | Annually |
Net Income Ratio Analysis
| IVDG | Category Low | Category High | IVDG % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -2.24% | 2.75% | 28.42% |
Capital Gain Distribution Analysis
| IVDG | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
IVDG - Fund Manager Analysis
Managers
Justin Livengood
Start Date
Tenure
Tenure Rank
Dec 18, 2020
1.45
1.5%
Mr. Livengood has been a Vice President of OppenheimerFunds since May 2006 and a Senior Portfolio Manager since January 2014. He was a Senior Research Analyst from May 2006 to January 2014, responsible for the health care, energy and financial services sectors for mid- and small-cap growth accounts. Before joining OppenheimerFunds in May 2006, Mr. Livengood was a vice president and fund analyst with Merrill Lynch Investment Managers. During his tenure at Merrill Lynch he also worked as an investment banking analyst in the Global Media Group and as an associate with Merrill Lynch Ventures.
Hung Hoang
Start Date
Tenure
Tenure Rank
Dec 18, 2020
1.45
1.5%
Hung Hoang, CFA, Portfolio Manager, has been responsible for the day-to-daymanagement of the Fund since its inception in December 2020 and has been associated with Invesco and/or its affiliates since 2019. From 2018 to 2019, he was employed by OppenheimerFunds, a global asset management firm, and prior to that, he was a senior quantitative equity analyst at New Amsterdam Partners LLC since 2006.
Ronald Zibelli
Start Date
Tenure
Tenure Rank
Dec 18, 2020
1.45
1.5%
Mr. Zibelli has been a Senior Vice President of OppenheimerFunds, Inc since January 2014 and a Senior Portfolio Manager since May 2006. He was a Vice President of OppenheimerFunds from May 2006 to January 2014. Prior to joining OppenheimerFunds, he spent six years at Merrill Lynch Investment Managers, during which time he was a Managing Director and Small Cap Growth Team Leader. Prior to joining Merrill Lynch Investment Managers, Mr. Zibelli spent 12 years with Chase Manhattan Bank, including two years as Senior Portfolio Manager at Chase Asset Management.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 36.3 | 9.17 | 2.25 |
