CSD
Invesco S&P Spin-Off ETF·NYSE
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Key Stats
Assets Under Management
91.89MUSD
Fund Flows (1Y)
-12.35MUSD
Dividend Yield
0.14%
Discount/Premium to NAV
0.04%
Shares Outstanding
840.00K
Expense Ratio
0.65%
About Invesco S&P Spin-Off ETF
Issuer
Invesco Capital Management LLC
Brand
Invesco
Inception Date
Dec 15, 2006
Structure
Open-Ended Fund
Index Tracked
S&P U.S. Spin-Off 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.
CSD offers niche equity exposure to spin-offs. The idea: A firm spun off from a larger parent has a singular focus on its core business, rather than being a rudderless component of a larger whole. Its S&P index uses a 4-year look back, and names can be added immediately once the monthly reconstitution rolls around. Single-name exposure can be concentrated up to 7% at rebalance. CSD pulls from a broad US index (not from the S&P 500) but screens out smaller firms with a minimum $1B market-cap screen. It applies no additional selection screens, however, thus offering reasonably pure-play exposure to its narrow thesis. Note: Prior to May 20, 2016, CSD tracked the Beacon Spin-off Index, which used different time horizons and had a growth-oriented multi-factor selection process. The change was material but the spin-off thesis remains the same.
Classification
Asset Class
Equity
Category
Size and Style
Focus
Total Market
Niche
Broad-based
Strategy
Time Since Launch
Geography
U.S.
Weighting Scheme
Market Cap
Selection Criteria
Time since listing
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | +6.01% | +15.76% | +12.93% | +28.19% | +92.82% | +85.90% |
NAV Total Return | +6.34% | +16.86% | +10.36% | +29.59% | +92.50% | +89.82% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
Industrials
37.08%
Technology
20.18%
Healthcare
11.00%
Basic Materials
8.87%
Communication Services
6.71%
Real Estate
6.24%
Utilities
5.26%
Consumer Cyclical
4.66%
Industrials
37.08%
Technology
20.18%
Healthcare
11.00%
Basic Materials
8.87%
Communication Services
6.71%
Real Estate
6.24%
Utilities
5.26%
Consumer Cyclical
4.66%
Asset
Region
100%
Category
Ratio
North America
100.00%
Investment Style
Mega
Large
Medium
Multi
Small
Value
Blend
Growth
Multi-Cap Blend
Provides exposure to companies of various sizes that exhibit both growth and value characteristics. This category offers a diversified portfolio with a mix of market caps.
Top 10 Holdings
Symbol
Ratio
SNDK
Sandisk
8.46%
CR
Crane
6.64%
GEV
GE Vernova
6.09%
SOLS
Solstice Advanced
5.36%
CEG
Constellation Energy
5.34%
AMTM
Amentum Holdings
4.94%
GEHC
GE HealthCare
4.89%
Q
Qnity Electronics
4.83%
ESAB
ESAB
4.64%
VLTO
Veralto
4.41%
Top 10 Weight 55.6%
29 Total Holdings
Is SPY better than CSD?
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2024-12-23 | 2024-12-23 | 2024-12-27 | 0.137 |
| 2023-12-18 | 2023-12-19 | 2023-12-22 | 0.332 |
| 2022-12-19 | 2022-12-20 | 2022-12-23 | 0.450 |
| 2021-12-20 | 2021-12-21 | 2021-12-31 | 0.455 |
| 2020-12-21 | 2020-12-22 | 2020-12-31 | 0.549 |
| 2019-12-23 | 2019-12-24 | 2019-12-31 | 0.547 |
| 2018-12-24 | 2018-12-26 | 2018-12-31 | 0.421 |
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How Much Does CSD Pay in Dividends?
Premium/Discount Chart
Assets Under Management
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Fund Flows
