PEY

The Invesco High Yield Equity Dividend Achievers ETF (PEY) is an exchange-traded fund designed to provide exposure to U.S. companies with a consistent history of dividend growth and equity-income generation. The ETF is managed by Invesco and trades under the ticker PEY on the Nasdaq.

Classified as an equity ETF focused on dividend-oriented strategies, the fund seeks to reflect, before fees and expenses, the performance of the NASDAQ US Dividend Achievers 50 Index.

The ETF follows a passive management strategy, maintaining a portfolio structured to replicate the composition and weighting of its benchmark index. The benchmark selects U.S. companies with a track record of consistent dividend increases, using criteria related to distribution sustainability and equity-income generation.

Diversification and sector exposure

PEY provides exposure primarily associated with:

• Financials.
• Utilities.
• Energy.
• Telecommunications.
• Consumer staples.
• U.S. dividend-paying companies.
• Equity-income strategies.
• U.S. large-cap and mid-cap equities.

The ETF’s performance is particularly sensitive to Federal Reserve monetary policy, interest-rate expectations, and the relative attractiveness between dividend-paying equities and fixed-income securities.

Corporate earnings fluctuations, changes in U.S. economic conditions, and developments affecting sectors traditionally associated with income generation may directly affect the fund’s behavior. The ETF may also reflect rotations between growth and value equities within the American market.

Structure and costs

PEY shares trade on the secondary market on the Nasdaq during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism intended to help align the ETF’s market price with its net asset value (NAV).

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. PEY may distribute income derived from dividends paid by companies held within the portfolio.

Because the ETF maintains a focus on dividend-oriented companies and equity-income strategies, its performance may exhibit sensitivity to interest-rate cycles and conditions within U.S. credit and fixed-income markets.

History and evolution of the ETF

The Invesco High Yield Equity Dividend Achievers ETF was launched in 2004 during a period marked by growing demand for income-oriented ETFs within the U.S. equity market.

Since inception, the fund has reflected movements associated with U.S. companies maintaining dividend-growth histories, including changes in monetary policy, fluctuations in economic cycles, and developments across traditional income-oriented sectors.

In recent years, PEY has reflected higher interest-rate environments, changing inflation expectations, and rotations between growth and value equities amid evolving conditions in the American financial market.

Additional Information

Invesco High Yield Equity Dividend Achievers ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $1.10 Billion.

Over the past 12 months, Invesco High Yield Equity Dividend Achievers ETF recorded a return of 20.51%, with its price trading between $19.60 and $23.40 during the same period.

The ETF is traded under the ticker PEY.