Key stats
About Invesco S&P Spin-Off ETF
Home page
Inception date
Dec 15, 2006
Structure
Open-Ended Fund
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 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
What's in the fund
Exposure type
Producer Manufacturing
Electronic Technology
Health Technology
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.