Investment objective & strategy
As of Aug. 27, 2025 · prospectusObjective. The Invesco Semiconductors ETF (the Fund) seeks to track the investment results (before fees and expenses) of the Dynamic Semiconductor Intellidex Index (the Underlying Index).
Strategy. The Fund generally will invest at least 90% of its total assets in securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, ICE Data Indices, LLC (ICE Data or the Index Provider) compiles and maintains the Underlying Index, which is composed of common stocks of 30 U.S. semiconductor companies. These companies are engaged principally in the manufacture of semiconductors. These companies manufacture semiconductors that serve as the core electronic components of virtually all electronic equipment; make or test chips for third parties; and provide equipment or services used in the production of semiconductors and other thin film products like flat panel displays and thin film heads. As of June 30, 2025, the Underlying Index … The Fund generally will invest at least 90% of its total assets in securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, ICE Data Indices, LLC (ICE Data or the Index Provider) compiles and maintains the Underlying Index, which is composed of common stocks of 30 U.S. semiconductor companies. These companies are engaged principally in the manufacture of semiconductors. These companies manufacture semiconductors that serve as the core electronic components of virtually all electronic equipment; make or test chips for third parties; and provide equipment or services used in the production of semiconductors and other thin film products like flat panel displays and thin film heads. As of June 30, 2025, the Underlying Index was comprised of 30 constituents with market capitalizations ranging from $894.7 million 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 25% or more of the value of its total 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. As of April 30, 2025, the Fund had significant exposure to the semiconductors industry. The Funds portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| MICRON TECHNOLOGY INC | — | $86.20M | 7.22% |
| LAM RESEARCH CORP | — | $72.23M | 6.05% |
| INTEL CORP | — | $60.48M | 5.06% |
| KLA CORP | — | $58.52M | 4.90% |
| Invesco Private Prime Fund | — | $53.12M | 4.45% |
| ADV MICRO DEVICE | — | $51.21M | 4.29% |
| NVIDIA CORP | — | $48.69M | 4.08% |
| ULTRA CLEAN HOLDINGS INC | — | $48.05M | 4.02% |
| ACM RESEARCH INC-CLASS A | — | $46.06M | 3.86% |
| QUALCOMM INC | — | $42.71M | 3.58% |
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 Nasdaq Semiconductor ETF · FTXL | 52% | 0.60% |
| Invesco PHLX Semiconductor ETF · SOXQ | 46% | 0.19% |
| iShares Semiconductor ETF · SOXX | 44% | 0.34% |
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).
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