Symbols

KBWR

Invesco KBW Regional Banking ETF·NASDAQ

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Key Stats

Assets Under Management

53.04MUSD

Fund Flows (1Y)

-9.09MUSD

Dividend Yield

2.31%

Discount/Premium to NAV

0.06%

Shares Outstanding

760.00K

Expense Ratio

0.35%

About Invesco KBW Regional Banking ETF

Issuer

Invesco Capital Management LLC

Brand

Invesco

Home Page

https://www.invesco.com/portal/site/us/investors/etfs/product-detail?productId=KBWR

Inception Date

Nov 1, 2011

Structure

Open-Ended Fund

Index Tracked

KBW Nasdaq Regional Banking Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Invesco Capital Management LLC

Distributor

Invesco Distributors, Inc.

KBWR doesn't attempt to provide broad exposure to the US banking segment. Instead, the fund employs an index committee selection process, along with modified market-cap weighting to construct a portfolio of regional banking and thrift firms. This process makes an already small-cap oriented portfolio tilt even smaller. In fact, KBWR's portfolio has one of the smallest average market caps in the segment. The fund's scope does not stray from its narrow mandate: it provides the exact exposure it promises, with no industry tilts. The index is rebalanced and reconstituted on a quarterly basis.