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KBWD ETF · Invesco KBW High Dividend Yield Financial ETF
The KBWD Exchange Traded Fund (ETF) is provided by Invesco. It is built to track an index: KBW Nasdaq Financial Sector Dividend Yield Index. The KBWD ETF provides physical exposure, so by buying it you actually own parts of all the 40 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update Yesterday at 1:30 PM UTC
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This fund is part ofUS Financials1M perf.-7.92%
Last price
$12.84
1M perf.
-5.91%
1M flows
+€21M
AuM
€370M
E/R
5.39%
Rating
ESG Consensus®
KBWD
$12.84
Performance & flows
Segment for quartile rank
December 10, 2025 → March 10, 2026
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KBWD
$12.90
-4.46%
US Financials
-6.42%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -5.91%  | -4.46% | -2.24%  | +28.95% | +14.25%  | -1.26% | -3.50% | -3.50% | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
3/10/2026
$12.90
1D NAV change
+0.65%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
40
Inception date
12/2/2010
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Fund
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Product type
Benchmark
KBW Nasdaq Financial Sector Dividend Yield Index
Asset class
Factors
N/A
Investment strategy
The Invesco KBW High Dividend Yield Financial ETF is based on the KBW Nasdaq Financial Sector Dividend Yield Index. The Fund generally will invest at least 90% of its total assets in the securities of publicly listed financial companies that principally are engaged in the business of providing financial services and products, including banking, insurance and diversified financial services, in the United States and that comprise the Underlying Index. Keefe Bruyette & Woods, Inc. ("KBW Nasdaq" or the "Index Provider") compiles, maintains and calculates the Underlying Index, which is a modified-dividend yield-weighted index that seeks to reflect the performance of such companies. The Fund and the Index are rebalanced and reconstituted quarterly.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | -4.46% | -2.24% | +28.95% | +14.25% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Enterprise
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Learn more about Trackinsight EnterpriseExposure
Countries
USA
100.00%
Sectors
Financials
75.44%
Information Technology
2.21%
Unavailable
22.35%
Diversification
Total weight of top 15 holdings out of 40
Top 15 holdings
Data as of January 31, 2026
INVESCO MORTGAGE CAPITAL REIT
US68571X3017
US90187B8046
AGNC INVESTMENT CORP
US0423157058
TRINITY CAPITAL
DYNEX CAPITAL REIT
US6496048405
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US0357108390
GOLDMAN SACHS BDC CLOSED END FUND
MFA MORTGAGE REIT
PENNYMAC MORTGE REIT
BLACKROCK TCP CAPITAL CORP
FS KKR CAPITAL CORP
CION INVESTMENT
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseSustainability
Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of December 31, 2025
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about KBWD ETF's sustainability, based on their methodology.
ESG Consensus®
ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.
KBWD’s has a Final Sustainability Grade of either C+, C, C-, or D.
A+
A
A-
B+
B
B-
C+
C
C-
D
This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
Learn more about Trackinsight EnterpriseHoldings review
29.04% of holdings have positive scoring
70.96% of holdings have negative scoring
11.87%
17.17%
67.40%
Consensus levels
Strong
Medium
Weak
Built for professionals: access exclusive sustainability metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseReplication
Trackinsight replication rating:
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
KBW Nasdaq Financial Sector Dividend Yield Total Return Index - USD
Index ticker
KDXTR Index
Index dividend policy
GTR
Replication method
Replication model
Built for professionals: access exclusive replication metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
Invesco
Invesco ID Card
Number of funds
631
Total AuM
€854.25B
Expense ratio range
0.04% - 5.39%
Average expense ratio
0.3562%
Top 5 funds by Invesco
| AuM | ||
|---|---|---|
QQQ | Invesco QQQ ETF | €337.19B |
RSP | Invesco S&P 500® Equal Weight ETF | €74.81B |
QQQM | Invesco NASDAQ 100 ETF | €61.32B |
SPXS | Invesco S&P 500 UCITS ETF | €30.76B |
SGLD | Invesco Physical Gold USD ETC | €28.7B |
Frequently asked questions about KBWD
What does Invesco KBW High Dividend Yield Financial ETF, KBWD, invest in?
KBWD is a Passive ETF. This ETF provides exposure to Other Small Cap US Financials Equities.
Which benchmark or index does KBWD replicate?
KBWD tracks the KBW Nasdaq Financial Sector Dividend Yield Total Return Index - USD, through a full replication replication method.
What is the Total Expense ratio (TER) of KBWD?
KBWD carries a total expense ratio (TER) of 5.39%, indicating the annual cost for holding the fund.
When was KBWD launched?
KBWD was introduced to the market on December 2, 2010. It trades on United States
Who is the ETF issuer of KBWD?
Invesco KBW High Dividend Yield Financial ETF, KBWD, is provided by Invesco. Learn more about Invesco here.
What is the current assets under management (AUM) of KBWD?
KBWD oversees €370M in assets as of March 10, 2026.
How has KBWD performed lately?
Based on data from March 10, 2026, KBWD returned -5.91% over the past month, -4.46% over the last three months and -3.50% year-to-date.
What are the latest inflows or outflows for KBWD?
As of March 10, 2026, KBWD recorded net flows of +€21M over the last month and +€30M year-to-date.
Does KBWD distribute dividends?
KBWD follows a distributing dividend policy, meaning it pays out income to investors. As of March 10, 2026, its 12-month trailing yield was 13.64%.
What are the main country or region exposures of KBWD?
As of January 31, 2026, KBWD has significant geographic allocations in USA.
In which sector or theme does KBWD invest in?
As of January 31, 2026, KBWD focuses largely on Financials and Information Technology.
How many securities does KBWD hold and how diversified is it?
As of January 31, 2026, KBWD holds 40 positions in its portfolio, with 53.75% of assets concentrated in its top 15 holdings.
What are the main positions in KBWD?
As of January 31, 2026, KBWD top three holdings include INVESCO MORTGAGE CAPITAL REIT, US68571X3017 and US90187B8046.
What is the base currency of KBWD?
The base currency of KBWD is USD.
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