Key stats
About Invesco S&P Spin-Off ETF
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Inception date
Dec 15, 2006
Structure
Open-Ended Fund
Replication method
Physical
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Producer Manufacturing
Electronic Technology
Technology Services
Stocks99.99%
Producer Manufacturing21.27%
Electronic Technology15.05%
Technology Services11.19%
Finance9.81%
Industrial Services8.29%
Health Technology7.99%
Utilities7.63%
Health Services5.48%
Transportation5.01%
Non-Energy Minerals4.09%
Retail Trade1.60%
Consumer Durables1.43%
Consumer Non-Durables0.69%
Commercial Services0.46%
Bonds, Cash & Other0.01%
Mutual fund0.01%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CSD invests in stocks. The fund's major sectors are Producer Manufacturing, with 21.27% stocks, and Electronic Technology, with 15.05% of the basket. The assets are mostly located in the North America region.
CSD top holdings are GE Vernova Inc. and Constellation Energy Corporation, occupying 7.64% and 7.63% of the portfolio correspondingly.
CSD last dividends amounted to 0.14 USD. The year before, the issuer paid 0.33 USD in dividends, which shows a 141.58% decrease.
Yes, CSD pays dividends to its holders with the dividend yield of 0.16%. The last dividend (Dec 27, 2024) amounted to 0.14 USD. The dividends are paid annually.
CSD shares are issued by Invesco Ltd. under the brand Invesco. The ETF was launched on Dec 15, 2006, and its management style is Passive.
CSD expense ratio is 0.64% meaning you'd have to pay 0.64% of your investment to help manage the fund.
CSD follows the S&P U.S. Spin-Off Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CSD invests in stocks.
CSD price has risen by 5.45% over the last month, and its yearly performance shows a 22.39% increase. See more dynamics on CSD price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 5.47% over the last month, showed a 20.21% increase in three-month performance and has increased by 23.28% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 5.47% over the last month, showed a 20.21% increase in three-month performance and has increased by 23.28% in a year.
CSD trades at a premium (0.07%) meaning the ETF is trading at a higher price than the calculated NAV.