PFM
Invesco Dividend Achievers ETF
Invesco Dividend Achievers Portfolio seeks investment results that correspond to then Broad Dividend Achievers Index, which tracks stocks that have increased their annual dividend for 10 or
US
EQUITY
Rules-Based
MANAGEMENT STYLE
670.6 M
ASSETS UNDER MGMT
53 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 15, 2005 |
| Assets (mns) | $671 |
| Expense ratio | 53 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Dividends |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| MICROSOFT CORP | 4.1 % |
| BROADCOM INC. | 3.6 % |
| APPLE INC | 3.6 % |
| ELI LILLY & CO | 3.6 % |
| WAL-MART STORES INC | 3.4 % |
| JPMORGAN CHASE & CO | 2.9 % |
| VISA INC. CLASS A | 2.5 % |
| MASTERCARD INCORPORATED CLASS A | 2.1 % |
| EXXON MOBIL CORP | 2.1 % |
| COSTCO WHOLESALE CORP | 2.0 % |
Constituent Breakdown
| Number of holdings | 430 |
| Herfindahl-Hirschman Index | 142 |
| Wgt avg mkt cap (mns) | $488,299 |
| Large cap (>$10bn) | 96.6% |
| Mid cap ($2-10bn) | 3.1% |
| Small cap (<$2bn) | 0.3% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 95.4 % |
 |
IRELAND | 2.8 % |
 |
BRITAIN | 1.0 % |
 |
SWITZERLAND | 0.5 % |
Historical Performance
Standardized Performance (as of 03/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 4.2% | 15.3% | 14.8% | 8.6% | 11.4% | 8.1% | -- | 6.2% |
| Dividend Yield | -4.4% | -6.9% | -1.2% | -0.7% | 3.8% | 2.0% | -- | 2.0% |
| Total Returns | -0.2% | 8.4% | 13.7% | 7.9% | 15.2% | 10.2% | -- | 8.2% | Ann. Volatility | 10.0% | 10.4% | 10.4% | 13.8% | 18.0% | 15.2% | -- | 16.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.79 | 86% |
| MSCI EAFE | 0.73 | 72% |
| MSCI Emg Mkts | 0.50 | 34% |
Liquidity Measures
| Avg. volume (000) | 40 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.07% |
| ADV of underlying (mns) | $89,500 |
Technical Indicators
| Recent close | $44.57 |
| 30d moving avg. | $44.49 |
| Annualized volatility | 14.9% |
| Relative strength (RSI) | 47 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 1.4% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. PFM |
Expenses vs. PFM |
ALTAR Score™ vs. PFM |
|---|---|---|---|---|
| VIG | Vanguard Dividend Appreciation ETF | 85.5% | -47 bp | +0.5% |
| DGRO | iShares Core Dividend Growth ETF | 68.3% | -45 bp | +1.2% |
| STXD | Strive 1000 Dividend Growth ETF | 64.4% | -18 bp | -0.2% |
| ILCV | iShares Morningstar Value ETF | 61.4% | -49 bp | +1.4% |
| VYM | Vanguard High Dividend Yield Index ETF | 61.3% | -47 bp | +2.0% |
| DTD | WisdomTree U.S. Total Dividend Fund | 60.8% | -25 bp | +1.1% |
| DLN | WisdomTree U.S. LargeCap Dividend Fund | 60.8% | -25 bp | +0.8% |
| SCHV | Schwab U.S. Large-Cap Value ETF | 60.6% | -49 bp | +1.6% |
| IVE | iShares S&P 500 Value ETF | 59.5% | -35 bp | +1.0% |
| SPYV | SPDR Portfolio S&P 500 Value ETF | 59.4% | -49 bp | +1.1% |
Risk and Returns: PFM vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/28/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
PFM
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
PFM
5.7%
Cat. Avg
6.5%
ALTAR Score™ Calculation
Category Overview
There are 953 funds in the US Equity category, with an average ALTAR Score™
of 6.5% and a standard deviation of
2.7%. PFM's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places PFM in the 38th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PFMSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| PFM (53 bp) Percentile rank | 58 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PFM | 53.0 | 6.5 | 59.5 |
| Peer Avg. | 36.6 | 15.3 | 51.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .