KBWP

Invesco KBW Property & Casualty Insurance ETF

Invesco KBW Property & Casualty Insurance Portfolio seeks investment results that correspond (before fees and expenses) generally to the price and yield of the index called the KBW Property


US

EQUITY

Rules-Based

MANAGEMENT STYLE

450.7 M

ASSETS UNDER MGMT

35 bp

EXPENSES
Fund Basics
Fund sponsorInvesco
CategoryUS
Asset classEquity
Websitelink...
Inception dateDec 02, 2010
Assets (mns)$451
Expense ratio35 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionCommittee
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
PROGRESSIVE CORP 8.1 %
ALLSTATE CORP 8.0 %
CHUBB LIMITED 7.9 %
TRAVELERS COS INC/THE 7.9 %
AMERICAN INTERNATIONAL GROUP 7.8 %
HARTFORD FINANCIAL SVCS GRP 4.2 %
CINCINNATI FINANCIAL CORP 4.2 %
KEMPER CORP 4.1 %
HANOVER INSURANCE GROUP INC/ 4.1 %
RLI CORP 4.0 %
Constituent Breakdown
Number of holdings26
Herfindahl-Hirschman Index 541
Wgt avg mkt cap (mns)$46,738
Large cap (>$10bn)71.3%
Mid cap ($2-10bn)25.9%
Small cap (<$2bn)2.8%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 73.7 %
BERMUDA 18.3 %
SWITZERLAND 7.9 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 41.1% 40.0% 21.5% 21.6% 14.7% 14.0% 14.7%
Volatility 15.5% 15.4% 16.9% 18.7% 24.8% 20.2% --
Market Correlations
versus...BetaR-squared
S&P 5000.4923%
MSCI EAFE0.5023%
MSCI Emg Mkts0.193%
Liquidity Measures
Avg. volume (000)23
Turnover0.6%
Avg. Bid/Ask (% of price)0.16%
ADV of underlying (mns)$2,886
Technical Indicators
Recent close$116.45
30d moving avg.$122.77
Annualized volatility18.0%
Relative strength (RSI)50
Short interest (ETF)0.9%
Short interest (underlying)1.4%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: KBWP vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
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
  2023 2024E Fwd Est 2025E
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 --%
1.2 10.9 1.6 1.9% --
Based on closing prices from 12/20/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
KBWP



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

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™

KBWP

6.0%

Cat. Avg

5.6%


ALTAR Score™ Calculation

Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™ of 5.6% and a standard deviation of 2.6%. KBWP's ALTAR Score™ is approximately 0.2 standard deviations above the category average. This places KBWP in the 56th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

KBWP
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
US Equity ETFs
# of ETFs 609
Avg. Expense Ratio 46.6 bp
Std. Deviation 32.9 bp
KBWP (35 bp) Percentile rank 37
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
KBWP 35.0 15.7 50.7
Peer Avg. 44.0 16.8 60.8
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .