INVESCO KBW BANK ETF

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Overview

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KBWB chart

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Key stats

Assets under management (AUM)

‪76.16 B‬ MXN

Fund flows (1Y)

‪42.14 B‬ MXN

Dividend yield (indicated)

2.56%

Discount/Premium to NAV

0.7%

Shares outstanding

‪1.21 B‬

Expense ratio

0.35%

About INVESCO KBW BANK ETF

Issuer

Invesco Ltd

Brand

Invesco

Home page

invesco.com

Inception date

Nov 1, 2011

Structure

Open-Ended Fund

Index tracked

KBW Nasdaq Bank 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.

KBWB provides good exposure to the broad US banking market. Its portfolio includes large national money centers, regional banks and thrift institutions that are traded in the US. An index committee determines the funds holdings, while attempting to maintain a market-like exposure. KBWB uses a capped, modified market-cap-weighting strategy that comes close to matching the top-heavy nature of the segment. By industry, the fund strays a bit by including investment management & fund operators, and firms from other industries. Still, KBWB is a nice proxy for the broad industry. The index is rebalanced and reconstituted on a quarterly basis.