Symbols

PEY

Invesco High Yield Equity Dividend Achievers ETF·NASDAQ

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Key Stats

Assets Under Management

991.93MUSD

Fund Flow (1Y)

-424.64MUSD

Dividend Yield

4.75%

Discount / Premium to NAV

0.05%

Shares Outstanding

47.27M

Expense Ratio

0.54%

About Invesco High Yield Equity Dividend Achievers ETF

Issuer

Invesco Capital Management LLC

Brand

Invesco

Home Page

https://www.invesco.com/us/financial-products/etfs/product-detail?productId=ETF-PEY

Inception Date

Dec 9, 2004

Structure

Open-Ended Fund

Index Tracked

NASDAQ US Dividend Achievers 50 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.

PEY's commitment to dividend stability makes it an attractive option in the dividend-seeking space. The fund employs one of the segment's most robust dividend viability screens, only including firms with 10 straight years of dividend increases and growth. The 50 highest-yielding firms above $1 billion in market cap that fit this bill are then weighted by dividend yield. Its basket of US large- and midcaps also makes for easy creation/redemption. The index is reconstituted annually and rebalanced quarterly.