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Security Profile
- Security Type
- Index ETF
- CUSIP
- 46137V605 (prev. 739371409 )
- Market Cap
- Micro Cap · $3 Million
- IPO
- 12/16/2015
- Previous Name
- PowerShares Dow Jones Industrial Average Dividend Portfolio
Fund Description: Invesco Dow Jones Industrial Average Dividend ETF, formerly PowerShares Dow Jones Industrial Average Dividend Portfolio, formerly Guggenheim Dow Jones Industrial Average Dividend ETF, is an exchange-traded index fund or Index ETF that is a separate investment portfolio of the Invesco Exchange-Traded Fund Trust, formerly PowerShares Exchange-Traded Fund Trust, formerly Claymore Exchange-Traded Fund Trust, an open-end investment management company. INVESTMENT OBJECTIVE: Invesco Dow Jones Industrial Average Dividend ETF seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of the Dow Jones Industrial Average Yield Weighted Index. INDEX DESCRIPTION: The Dow Jones Industrial Average Yield Weighted Index is designed to provide exposure to high-yielding equity securities of companies included in the Dow Jones Industrial Average™, which is a price-weighted index of 30 U.S. blue-chip companies that meet certain size, listing and liquidity requirements. The Index is calculated using a yield-weighted methodology that weights all components of the Dow Jones Industrial Average by their twelve-month dividend yield over the prior twelve months. Index constituents must be a part of the Dow Jones Industrial Average™. Only securities with a track record of consistent dividend payments in the previous twelve months will be eligible for inclusion in the Index. The Index is rebalanced semi-annually. FUND STRATEGY: The Fund, using a low cost passive or indexing investment approach, seeks to replicate the performance of the Index. The Fund will invest at least 80% of its total assets in common stocks that comprise the Index. The Fund generally will invest in all of the securities comprising the Index in proportion to their weightings in the Index. However, under various circumstances, it may not be possible or practicable to purchase all of the securities in the Index in those weightings. In those circumstances, the Fund may purchase a sample of the securities in the Index to replicate generally the performance of the Index as a whole. There may also be instances in which the Investment Adviser may choose to overweight another security in the Index, or purchase (or sell) securities not in the Index which the Investment Adviser believes are appropriate to substitute for one or more Index components, in seeking to accurately track the Index. In addition, from time to time securities are added to or removed from the Index. The Fund may sell securities that are represented in the Index or purchase securities that are not yet represented in the Index in anticipation of their removal from or addition to the Index pursuant to scheduled rebalancings of the Index. The Fund will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to the extent the Index is so concentrated. The information technology and industrials sectors each represented a substantial portion of the Index which may change over time. FUND MANAGEMENT: Invesco Capital Management LLC serves as the investment adviser to the Fund.
Notes: April 24, 2018 -- Invesco announced it is retiring the PowerShares brand as of June 4, 2018. The ETFs currently trading under the PowerShares name will be rebranded as Invesco Funds at https://www.invesco.com/portal/site/us/investors/home/___________On April 6, 2018, Guggenheim Investments closed the sale of its ETF business to Invesco, Ltd. The Guggenheim ETFs have been transitioned, or are in the process of being transitioned to become part of the Invesco fund family. Please visit invesco.com/powershares for information concerning the ETFs.
Company Contact
- Headquarters
- 227 West Monroe Street, Chicago, IL 60606
- Phone
- 888-949-3837 · Toll-Free 888-949-3837
- Investor Relations
- 888-949-3837 · info@invesco.com