One exception might be the Invesco QQQ Trust (QQQ 1.13%), which focuses on long-term growth trends and leans heavily on the top stocks in the Nasdaq Composite. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions investing in spac stocks carries risks here’s what to know of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. Unlike many investment companies, the Fund does not utilize an investing strategy that seeks returns in excess of its Underlying Index.
- The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SPIAX’s performance objective and investment process is for both security selection and portfolio construction.
- Growth investing generally seeks stocks that offer the potential for greater-than-average earnings growth, and may entail greater risk than value or blend investing.
- Standard deviation does not compare the volatility of an investment relative to other investments or the overall stock market.
- The Invesco S&P SmallCap 600 Revenue ETF (Fund) is based on the S&P SmallCap 600® Revenue-Weighted Index (Index).
- If this service is available and used, dividend distributions of both income and realized gains will be automatically reinvested in additional whole shares of the fund purchased in the secondary market.
The trust, based on the Dow Jones U.S. Basic Materials Index, is not sponsored, endorsed, sold or promoted by Dow Jones, and Dow Jones makes no representation regarding the advisability of investing in such product. DJ Industrials IndexThe Dow Jones U.S. Industrials Index is service mark of Dow Jones & Company, Inc. and have been licensed for use for certain purposes by Invesco Distributors, Inc. and the trust. The trust, based on the Dow Jones U.S. Industrials Index, is not sponsored, endorsed, sold or promoted by Dow Jones, and Dow Jones makes no representation regarding the advisability of investing in such product. DJ Healthcare IndexThe Dow Jones U.S. Health Care Index is service mark of Dow Jones & Company, Inc. and have been licensed for use for certain purposes by Invesco Distributors, Inc. and the trust.
Fund Type
The current factor exposures of the ETF relative to its benchmark index are shown using the bars in the chart. Each factor’s band indicates the +/- one standard deviation exposure of the fund to that factor over the past three years. The Process Pillar is our assessment of how sensible, what strategies for trading to apply to beginners clearly defined, and repeatable SPIAX’s performance objective and investment process is for both security selection and portfolio construction. Barclays Municipal Bond IndexBarclays Municipal Bond Index is an unmanaged index considered representative of the tax-exempt bond market.
- Please keep in mind that high, double-digit returns are highly unusual and cannot be sustained.
- Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance.
- In addition, the performance of the Fund and the Underlying Index may vary due to asset valuation differences and differences between the Fund’s portfolio and the Underlying Index resulting from legal restrictions, costs or liquidity constraints.
- Stocks of small-capitalization companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquid or restricted as to resale than large companies.
The trust, based on the Dow Jones U.S. Technology Index, is not sponsored, endorsed, sold or promoted by Dow Jones, and Dow Jones makes no representation regarding the advisability of investing in such product. DJ Oil & Gas IndexThe Dow Jones U.S. Oil & Gas Index is service mark of Dow Jones & Company, Inc. and have been licensed for use for certain purposes by Invesco Distributors, Inc. and the trust. The trust, based on the Dow Jones U.S. Oil & Gas Index, is not sponsored, endorsed, sold or promoted by Dow Jones, and Dow Jones makes no representation regarding the advisability of investing in such product. DJ Materials IndexThe Dow Jones U.S. Basic Materials Index is service mark of Dow Jones & Company, Inc. and have been licensed for use for certain purposes by Invesco Distributors, Inc. and the trust.
Get our overall rating based on a fundamental assessment of the pillars below. S&P 500 IndustrialsThe S&P 500 Industrials is an unmanaged index considered representative of the industrials market. S&P MidCap Index The Standard & Poor’s what is initiative forex psychology explained MidCap 400, introduced in 1991, is now the most widely used index for mid-sized companies. I confirm that I am an accredited or institutional investor and that the following pages may be shown to me under the laws of my jurisdiction.
Derivatives may also be harder to value, less tax efficient and subject to changing government regulation that could impact the Fund’s ability to use certain derivatives or their cost. For example, derivatives used for hedging or to gain or limit exposure to a particular market segment may not provide the expected benefits, particularly during adverse market conditions. Returns Without Sales Charge do not reflect any sales charge and do not reflect any creation and development fee prior to collection (generally the close of the initial offering period). Any creation and development fee is reflected in the returns as of the time of payment by a trust. NET ASSET VALUE (NAV) Represents the value per unit of a trust’s portfolio securities and other assets reduced by trust expenses and other liabilities, including remaining organization costs, deferred sales charges and creation and the development fee. LIQUIDATION PRICE Represents the value per unit that a unitholder would receive if the unitholder redeemed or sold units.
What should investors do?
Hannah previously worked at American Banker where she covered bank regulation and the Federal Reserve. She graduated from the University of Maryland, College Park and lives in Washington, DC. Stocks of small-capitalization companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquid or restricted as to resale than large companies.
Risk & Other Information
For funds on an annual dividend payment cycle, the dividend ex-date is the next business day following the third Friday of December, payable the last business day of the year. For funds on a quarterly dividend payment cycle, the dividend ex-date is the next business day following the third Friday of each March, June, September and December, payable the last business day of the month. For funds on a monthly dividend payment cycle, the dividend ex-date is the next business day following the third Friday of each month, payable the last business day of the month. The historical performance of the indices are shown for illustrative purposes only; it is not meant to forecast, imply or guarantee the future performance of any particular investment or the trust, which will vary. OFFER PRICE Represents the net asset value per unit plus any applicable organization costs and sales charges. This price is often subject to certain sales charge discounts described in a trust prospectus.
Frequency Distribution of Discounts & Premiums
The ETF has trounced the S&P 500, nearly doubling its performance over the past decade. While the S&P 500 and the Nasdaq have fallen 7% and 15% from their respective highs, the Invesco QQQ has fallen 8%. In other words, it’s outperformed during good times but held up well when things get tough. Supported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy. Chris Prentice reports on financial crimes, with a focus on securities enforcement matters. She has received awards for her work from the Society for Advancing Business Editing and Writing and the Newswomen’s Club of New York.
Based on these figures, the 5-year yield on cost of Invesco Trust for Investment Grade Municipals stock is approximately 4.12% as of today. The information on this site does not constitute a recommendation of any investment strategy or product for a particular investor. Investors should consult a financial advisor/financial consultant before making any investment decisions. Investors can protect themselves by diversifying their portfolios away from big tech if they hold the Invesco QQQ already. You don’t necessarily need to sell your Invesco QQQ shares if you own them; remember what makes up most of the fund. For example, having the Invesco QQQ, Apple, and Microsoft among your top holdings might mean you’re taking on more risk than you realize.
Please keep in mind that high, double-digit and/or triple-digit returns are highly unusual and cannot be sustained. S&P100 IndexThe S&P 100 Index, a sub-set of the S&P 500®, measures the performance of large cap companies in the United States. The Index comprises 100 major, blue chip companies across multiple industry groups. BofA Merrill Fixed Rate Preferred SecuritiesBofA Merrill Lynch Fixed Rate Preferred Securities Index tracks the performance of fixed-rate U.S. dollar-denominated preferred securities issued in the U.S. domestic market.
Invesco S&P 500® Equal Weight ETF
Dow Jones U.S. Large Cap Growth Index The Dow Jones U.S. Large-Cap Growth Total Stock Market Index is a subset of the Dow Jones U.S. Total Stock Market Index, which measures all U.S. equity securities with readily available prices. MSCI U.S. REIT Index GD MSCI U.S. REIT Index GD is an unmanaged index considered representative of real estate equity performance. The index is computed using the gross return, which does not withhold taxes for non-resident investors. In the past three years, Invesco Trust for Investment Grade Municipals’s annual dividend growth rate was -4.60%, which further decreased to -5.00% per year over a five-year period.
Historical Prices
Dow Jones U.S. Market Index The Dow Jones U.S. Market Index is a market-capitalization-weighted index maintained by Dow Jones Indexes providing broad-based coverage of the U.S. stock market. The Dow Jones U.S. Market Index, considered a total market index, represents the top 95% of the U.S. stock market based on market capitalization. You should be aware that the information contained in these pages is not an offer to sell, or a solicitation of an offer to buy, any security or any investment or insurance product or service. In particular, nothing contained in these pages constitutes investment, insurance, securities, tax or legal advice.