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›ETF Issuers›Invesco›PPA

PPA

Invesco Aerospace & Defense ETF

Passive ETF Equity Theme: US Defense

The PPA Exchange Traded Fund (ETF) is provided by Invesco. It is built to track an index: SPADE Defense Index. The PPA ETF provides physical exposure, so by buying it you actually own parts of all the 60 underlying holdings. This share class generates a stream of income by distributing dividends.

$172.08

+$0.69 (+0.40%) today

6:52 PM 07/14/26 Open

1D price range

$171.89$173.51

52W price range

$143.97$185.57

YTD Perf.

+9.48%

YTD Flows

Annualized volatility

Fund AuM

€7.1B

Share class AuM

€7.1B

TTM Yield

Tracking Error

Tracking Difference

Characteristics

ISIN

US46137V1008

TER

0.58%

Inception date

10/26/2005

Issuer

Invesco

Benchmark

SPADE Defense Index

Replication method

Dividend policy

Distributing

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API

PerformanceDec 31, 2025 - Jul 13, 2026

Flows

Join for free to unlock

Sector exposures

Data as of 05/31/26

Industrials

87.43%

Technology

6.11%

Non-Energy Materials

2.77%

Business Services

2.67%

Telecommunications

1.01%

Latest PPA news

ETFs to Profit from Europe’s Defense Spending Surge

Moving Markets · March 7, 2025

Defense ETFs on Investors’ Radar as WWIII Concerns Escalate

Moving Markets · August 11, 2024

FAQ about PPA

PPA is a Passive ETF. This ETF provides exposure to US Aerospace & Defense Equities.

PPA tracks the SPADE Defense TR Index - USD, through a full replication replication method.

PPA carries a total expense ratio (TER) of 0.58%, indicating the annual cost for holding the fund.

PPA was introduced to the market on October 26, 2005. It trades on United States

Invesco Aerospace & Defense ETF, PPA, is provided by Invesco. Learn more about Invesco here.

PPA oversees €7.1B in assets as of July 13, 2026.

PPA follows a distributing dividend policy, meaning it pays out income to investors. As of July 13, 2026, its 12-month trailing yield was 0.34%.

As of May 31, 2026, PPA has significant geographic allocations in USA, Israel and Ireland.

As of May 31, 2026, PPA focuses largely on Industrials, Technology and Non-Energy Materials.

As of May 31, 2026, PPA holds 60 positions in its portfolio, with 68.81% of assets concentrated in its top 15 holdings.

As of May 31, 2026, PPA top three holdings include The Boeing Co., GE Aerospace and RTX Corp..

The base currency of PPA is USD.

Top 10 holdings

Data as of 05/31/26

The Boeing Co.

8.56%

GE Aerospace

8.17%

RTX Corp.

6.82%

Lockheed Martin Corp.

6.23%

Rocket Lab Corp.

4.68%

Honeywell International, Inc.

4.49%

General Dynamics Corp.

4.31%

Howmet Aerospace, Inc.

4.20%

Northrop Grumman Corp.

4.04%

Elbit Systems Ltd.

3.58%

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