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Critical Facts You Need to Know About Preferred Stocks
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Rating
Sector Rating
Recommendation *
Avoid
Neutral
Fair
Quality
Rating Breakdown
Avg.
Relative Strength
The relative strength of a dividend stock indicates whether the stock is uptrending or not. The major determining factor in this rating is whether the stock is trading close to its 52-week-high.
Overall Yield Attractiveness
If a stock’s yield is above or near the market average then it will be rated higher within this parameter. High dividend yields (usually over 10%) should be considered extremely risky, while low dividend yields (1% or less) are simply not very beneficial to long-term investors.
Dividend Reliability
A stock’s dividend reliability is determined by a healthy payout ratio that is higher than other stocks. A company that pays out close to half its earnings as dividends and retains the other half of earnings has ample room to grow its business and pay out more dividends in the future.
Dividend Uptrend
A stock’s Dividend Uptrend rating is dependent on the company’s price-to-earnings (P/E) ratio to evaluate whether or not a stock’s dividend is likely to trend upward. If a stock is valued near, or slightly below the market average, research has shown that the market expects the stock’s dividend to increase.
Earnings Growth
A stock’s Earnings Growth rating evaluates a company’s expected EPS for the current financial year and compares it to next financial year’s expected EPS. Stocks with single-digit growth estimates will have a higher rating than others, as our research has shown that well-established dividend-paying companies have modest earnings growth estimates.
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Invesco KBW High Dividend Yield Financial ETF
ETF
KBWD
Dividend policy
Increase
Price as of:
$21.22
+0.04
+0.19%
primary theme
Financials Sector Equity
KBWD (ETF)
Invesco KBW High Dividend Yield Financial ETF
Dividend policy
Increase
Price as of:
$21.22
+0.04
+0.19%
primary theme
Financials Sector Equity
KBWD (ETF)
Invesco KBW High Dividend Yield Financial ETF
Dividend policy
Increase
Price as of:
$21.22
+0.04
+0.19%
primary theme
Financials Sector Equity
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
Vitals
YTD Return
28.1%
1 yr return
63.5%
3 Yr Avg Return
5.5%
5 Yr Avg Return
7.6%
Net Assets
$465 M
Holdings in Top 10
38.6%
52 WEEK LOW AND HIGH
$21.0
$13.15
$21.58
Expenses
OPERATING FEES
Expense Ratio 1.24%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 77.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Investment Style
Financial
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
KBWD - Profile
Distributions
- YTD Total Return 27.9%
- 3 Yr Annualized Total Return 5.5%
- 5 Yr Annualized Total Return 7.6%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 8.08%
- Dividend Yield 7.5%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameInvesco KBW High Dividend Yield Financial ETF
-
Fund Family NameInvesco
-
Inception DateDec 02, 2010
-
Shares Outstanding22890000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerPeter Hubbard
Fund Description
The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is a modified-dividend yield-weighted index of companies principally engaged in the business of providing financial services and products, as determined by the index provider. The underlying index is designed to track the performance of financial companies with competitive dividend yields that are publicly-traded in the U.S.
KBWD - Performance
Return Ranking - Trailing
| Period | KBWD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 28.1% | -3.7% | 49.9% | 72.46% |
| 1 Yr | 63.5% | 32.4% | 116.1% | 44.62% |
| 3 Yr | 5.5%* | -1.3% | 22.9% | 92.78% |
| 5 Yr | 7.6%* | 1.5% | 22.2% | 93.68% |
| 10 Yr | 9.1%* | 5.9% | 20.0% | 97.67% |
* Annualized
Return Ranking - Calendar
| Period | KBWD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -24.5% | -51.5% | 27.1% | 98.18% |
| 2019 | 10.5% | 10.5% | 35.3% | 100.00% |
| 2018 | -16.0% | -38.6% | -4.7% | 26.88% |
| 2017 | 2.7% | -63.0% | 29.1% | 87.64% |
| 2016 | 9.5% | -14.7% | 36.0% | 86.59% |
Total Return Ranking - Trailing
| Period | KBWD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 27.9% | -3.7% | 49.9% | 76.81% |
| 1 Yr | 63.5% | 32.4% | 116.1% | 34.67% |
| 3 Yr | 5.5%* | -2.3% | 22.9% | 84.40% |
| 5 Yr | 7.6%* | -2.1% | 22.2% | 87.05% |
| 10 Yr | 9.1%* | 5.4% | 20.0% | 93.20% |
* Annualized
Total Return Ranking - Calendar
| Period | KBWD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -24.5% | -51.5% | 27.1% | 98.18% |
| 2019 | 10.5% | 10.5% | 35.3% | 100.00% |
| 2018 | -16.0% | -36.1% | -4.7% | 30.11% |
| 2017 | 2.7% | -9.3% | 30.0% | 92.13% |
| 2016 | 9.5% | -14.7% | 37.9% | 86.59% |
KBWD - Holdings
Concentration Analysis
| KBWD | Category Low | Category High | KBWD % Rank | |
|---|---|---|---|---|
| Net Assets | 465 M | 626 K | 40.9 B | 35.85% |
| Number of Holdings | 40 | 14 | 398 | 56.00% |
| Net Assets in Top 10 | 178 M | 2.65 K | 21.8 B | 24.67% |
| Weighting of Top 10 | 38.60% | 14.5% | 80.2% | 63.33% |
Top 10 Holdings
- Invesco Mortgage Capital Inc 8.40%
- Orchid Island Capital Inc 5.73%
- ARMOUR Residential REIT Inc 4.15%
- Dynex Capital Inc 4.09%
- FS KKR Capital Corp 4.07%
- Newtek Business Services Corp 3.98%
- BlackRock TCP Capital Corp 3.93%
- Chimera Investment Corp 3.92%
- Capstead Mortgage Corp 3.85%
- Annaly Capital Management Inc 3.71%
Asset Allocation
| Weighting | Return Low | Return High | KBWD % Rank | |
|---|---|---|---|---|
| Stocks | 100.00% | 89.53% | 100.99% | 4.00% |
| Preferred Stocks | 0.00% | 0.00% | 2.14% | 71.33% |
| Other | 0.00% | -1.44% | 2.81% | 64.67% |
| Convertible Bonds | 0.00% | 0.00% | 0.09% | 73.33% |
| Cash | 0.00% | -0.99% | 9.64% | 96.67% |
| Bonds | 0.00% | 0.00% | 1.05% | 73.33% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | KBWD % Rank | |
|---|---|---|---|---|
| Financial Services | 66.68% | 17.82% | 100.00% | 97.33% |
| Real Estate | 31.82% | 0.00% | 35.16% | 1.33% |
| Industrials | 1.50% | 0.00% | 25.94% | 17.33% |
| Utilities | 0.00% | 0.00% | 0.09% | 71.33% |
| Technology | 0.00% | 0.00% | 24.48% | 80.00% |
| Healthcare | 0.00% | 0.00% | 5.82% | 71.33% |
| Energy | 0.00% | 0.00% | 0.00% | 71.33% |
| Communication Services | 0.00% | 0.00% | 6.15% | 71.33% |
| Consumer Defense | 0.00% | 0.00% | 0.04% | 71.33% |
| Consumer Cyclical | 0.00% | 0.00% | 41.42% | 78.67% |
| Basic Materials | 0.00% | 0.00% | 3.60% | 71.33% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | KBWD % Rank | |
|---|---|---|---|---|
| US | 100.00% | 0.10% | 100.57% | 2.00% |
| Non US | 0.00% | 0.00% | 98.21% | 94.67% |
KBWD - Expenses
Operational Fees
| KBWD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.24% | 0.08% | 11.97% | 39.19% |
| Management Fee | 0.35% | 0.00% | 1.25% | 13.21% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.10% | 0.25% | N/A |
Sales Fees
| KBWD 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% | 2.25% | N/A |
Trading Fees
| KBWD 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.
| KBWD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 77.00% | 1.00% | 246.00% | 84.69% |
KBWD - Distributions
Dividend Yield Analysis
| KBWD | Category Low | Category High | KBWD % Rank | |
|---|---|---|---|---|
| Dividend Yield | 7.46% | 0.00% | 0.67% | 74.17% |
Dividend Distribution Analysis
| KBWD | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| KBWD | Category Low | Category High | KBWD % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 8.08% | -2.04% | 10.57% | 4.81% |
Capital Gain Distribution Analysis
| KBWD | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency |
Dividend Payout History
| Date | Amount |
|---|---|
| Sep 30, 2020 | $0.114 |
| Aug 31, 2020 | $0.122 |
| Jul 31, 2020 | $0.122 |
| Jun 30, 2020 | $0.122 |
| May 29, 2020 | $0.127 |
| Apr 30, 2020 | $0.162 |
| Mar 31, 2020 | $0.165 |
| Feb 28, 2020 | $0.164 |
| Jan 31, 2020 | $0.163 |
| Dec 31, 2019 | $0.162 |
| Nov 29, 2019 | $0.162 |
| Oct 31, 2019 | $0.160 |
| Sep 30, 2019 | $0.158 |
| Aug 30, 2019 | $0.158 |
| Jul 31, 2019 | $0.159 |
| Jun 28, 2019 | $0.160 |
| May 31, 2019 | $0.158 |
| Apr 30, 2019 | $0.158 |
| Mar 29, 2019 | $0.157 |
| Feb 28, 2019 | $0.156 |
| Jan 31, 2019 | $0.148 |
| Dec 31, 2018 | $0.139 |
| Nov 30, 2018 | $0.138 |
| Oct 31, 2018 | $0.140 |
| Sep 28, 2018 | $0.123 |
| Aug 31, 2018 | $0.131 |
| Jul 31, 2018 | $0.144 |
| Jun 29, 2018 | $0.144 |
| May 31, 2018 | $0.149 |
| Apr 30, 2018 | $0.193 |
| Mar 29, 2018 | $0.187 |
| Feb 28, 2018 | $0.193 |
| Jan 31, 2018 | $0.199 |
| Dec 29, 2017 | $0.157 |
| Nov 30, 2017 | $0.170 |
| Oct 31, 2017 | $0.187 |
| Sep 29, 2017 | $0.171 |
| Aug 31, 2017 | $0.175 |
| Jul 31, 2017 | $0.176 |
| Jun 30, 2017 | $0.179 |
| May 31, 2017 | $0.178 |
| Apr 28, 2017 | $0.178 |
| Mar 31, 2017 | $0.170 |
| Feb 28, 2017 | $0.168 |
| Jan 31, 2017 | $0.165 |
| Dec 30, 2016 | $0.160 |
| Nov 30, 2016 | $0.160 |
| Oct 31, 2016 | $0.135 |
| Sep 30, 2016 | $0.151 |
| Aug 31, 2016 | $0.171 |
| Jul 29, 2016 | $0.174 |
| Jun 30, 2016 | $0.174 |
| May 31, 2016 | $0.180 |
| Apr 29, 2016 | $0.210 |
| Mar 31, 2016 | $0.180 |
| Feb 29, 2016 | $0.160 |
| Jan 29, 2016 | $0.140 |
| Dec 31, 2015 | $0.130 |
| Nov 30, 2015 | $0.137 |
| Oct 30, 2015 | $0.123 |
| Sep 30, 2015 | $0.155 |
| Aug 31, 2015 | $0.146 |
| Jul 31, 2015 | $0.154 |
| Jun 30, 2015 | $0.160 |
| May 29, 2015 | $0.168 |
| Apr 30, 2015 | $0.178 |
| Mar 31, 2015 | $0.167 |
| Feb 27, 2015 | $0.170 |
| Jan 30, 2015 | $0.179 |
| Dec 31, 2014 | $0.179 |
| Nov 28, 2014 | $0.175 |
| Oct 31, 2014 | $0.195 |
| Sep 30, 2014 | $0.186 |
| Aug 29, 2014 | $0.183 |
| Jul 31, 2014 | $0.183 |
| Jun 30, 2014 | $0.180 |
| May 30, 2014 | $0.180 |
| Apr 30, 2014 | $0.180 |
| Mar 31, 2014 | $0.164 |
| Feb 28, 2014 | $0.149 |
| Jan 31, 2014 | $0.148 |
| Dec 31, 2013 | $0.154 |
| Nov 29, 2013 | $0.153 |
| Oct 31, 2013 | $0.145 |
| Sep 30, 2013 | $0.153 |
| Aug 30, 2013 | $0.154 |
| Jul 31, 2013 | $0.160 |
| Jun 28, 2013 | $0.174 |
| May 31, 2013 | $0.170 |
| Apr 30, 2013 | $0.180 |
| Mar 28, 2013 | $0.167 |
| Feb 28, 2013 | $0.168 |
| Jan 31, 2013 | $0.170 |
| Dec 31, 2012 | $0.170 |
| Nov 30, 2012 | $0.167 |
| Oct 31, 2012 | $0.155 |
| Sep 28, 2012 | $0.161 |
| Aug 31, 2012 | $0.162 |
| Jul 31, 2012 | $0.172 |
| Jun 29, 2012 | $0.178 |
| May 31, 2012 | $0.178 |
| Apr 30, 2012 | $0.180 |
| Mar 30, 2012 | $0.203 |
| Feb 29, 2012 | $0.187 |
| Jan 31, 2012 | $0.179 |
| Dec 30, 2011 | $0.285 |
| Nov 30, 2011 | $0.203 |
| Oct 31, 2011 | $0.205 |
| Sep 30, 2011 | $0.204 |
| Aug 31, 2011 | $0.186 |
| Jul 29, 2011 | $0.186 |
| Jun 30, 2011 | $0.178 |
| May 31, 2011 | $0.186 |
| Apr 29, 2011 | $0.186 |
| Mar 31, 2011 | $0.200 |
| Feb 28, 2011 | $0.179 |
| Jan 31, 2011 | $0.333 |
KBWD - Fund Manager Analysis
Managers
Peter Hubbard
Start Date
Tenure
Tenure Rank
Dec 02, 2010
10.84
10.8%
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
Dec 02, 2010
10.84
10.8%
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
Feb 28, 2014
7.59
7.6%
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
Dec 20, 2019
1.78
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 |
|---|---|---|---|
| 0.02 | 24.76 | 7.34 | 1.46 |
