Investment objective & strategy
As of Aug. 27, 2025 · prospectusObjective. The Invesco Dow Jones Industrial Average Dividend ETF (the Fund) seeks to track the investment results (before fees and expenses) of the Dow Jones Industrial Average Yield Weighted Index (the Underlying Index).
Strategy. The Fund will generally invest at least 90% of its total assets in securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, S&P Dow Jones Indices LLC (S&P DJI or the Index Provider) compiles, calculates and maintains the Underlying Index, which is designed to track the dividend-paying equity securities of companies included in the Dow Jones Industrial Average, which is a price-weighted index of 30 U.S. companies that meet certain size, listing and liquidity requirements. The Underlying Index includes all constituents of the Dow Jones Industrial Average that pay dividends. The Underlying Index is calculated using a yield-weighted methodology that weights all dividend-paying constituents of the Dow Jones Industrial Average by their indicated annual … The Fund will generally invest at least 90% of its total assets in securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, S&P Dow Jones Indices LLC (S&P DJI or the Index Provider) compiles, calculates and maintains the Underlying Index, which is designed to track the dividend-paying equity securities of companies included in the Dow Jones Industrial Average, which is a price-weighted index of 30 U.S. companies that meet certain size, listing and liquidity requirements. The Underlying Index includes all constituents of the Dow Jones Industrial Average that pay dividends. The Underlying Index is calculated using a yield-weighted methodology that weights all dividend-paying constituents of the Dow Jones Industrial Average by their indicated annual dividend yield. Underlying Index constituents must be a part of the Dow Jones Industrial Average. As of June 30, 2025, the Underlying Index was comprised of 28 constituents with market capitalizations ranging from $60.6 billion to $3.9 trillion. The Fund employs a full replication methodology in seeking to track the Underlying Index, meaning that the Fund generally invests in all of the securities comprising the Underlying Index in proportion to their weightings in the Underlying Index. The Fund is non-diversified and therefore is not required to meet certain diversification requirements under the Investment Company Act of 1940, as amended (the 1940 Act). Concentration Policy. The Fund will concentrate its investments (i.e., invest more than 25% of the value of its net assets) in securities of issuers in any one industry or group of industries only to the extent that the Underlying Index reflects a concentration in that industry or group of industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| VERIZON COMMUNICATIONS INC | — | $42.96M | 10.33% |
| MERCK & CO | — | $34.62M | 8.33% |
| CHEVRON CORP | — | $31.18M | 7.50% |
| AMGEN INC | — | $27.82M | 6.69% |
| JOHNSON&JOHNSON | — | $24.79M | 5.96% |
| INTL BUS MACH CORP | — | $22.44M | 5.40% |
| COCA-COLA CO/THE | — | $21.25M | 5.11% |
| CISCO SYSTEMS INC | — | $18.24M | 4.39% |
| PROCTER & GAMBLE | — | $16.94M | 4.07% |
| MCDONALDS CORP | — | $15.93M | 3.83% |
Portfolio moves
Oct 31, 2025 → Jan 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| First Trust Dow 30 Equal Weight ETF · EDOW | 71% | 0.50% |
| JNL/Mellon Dow Index Fund | 58% | 0.30% |
| SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUST | 57% | — |
Advisers
| Firm | Role |
|---|---|
| Invesco Capital Management LLC | Adviser |
Footnotes
- Expense ratio as of August 27, 2025, from the fund's prospectus.
- Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.