KNCT
Invesco Next Gen Connectivity ETF
The Invesco Dynamic Networking Portfolio tracks a quantitatively driven index that selects 30 US networking companies it believes will outperform, weighting them in tiers.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
41.8 M
ASSETS UNDER MGMT
40 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 23, 2005 |
| Assets (mns) | $42 |
| Expense ratio | 40 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR MANUFAC | 8.4 % |
| APPLE INC | 7.8 % |
| BROADCOM INC. | 7.8 % |
| CISCO SYSTEMS INC | 4.2 % |
| QUALCOMM INC | 3.9 % |
| VERIZON COMMUNICATIONS INC | 3.8 % |
| AT&T INC | 3.5 % |
| ACCENTURE PLC-CL A | 2.9 % |
| PALO ALTO NETWORKS INC | 2.7 % |
| SAMSUNG ELECTRONICS CO LTD | 2.7 % |
Constituent Breakdown
| Number of holdings | 97 |
| Herfindahl-Hirschman Index | 337 |
| Wgt avg mkt cap (mns) | $527,603 |
| Large cap (>$10bn) | 97.0% |
| Mid cap ($2-10bn) | 3.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 84.3% |
| Emerging mkts. | 15.7% |
Country Exposure
 |
UNITED STATES | 69.6 % |
 |
TAIWAN | 9.4 % |
 |
IRELAND | 3.7 % |
 |
SOUTH KOREA | 3.6 % |
 |
JAPAN | 3.2 % |
 |
INDIA | 1.5 % |
 |
GERMANY | 1.5 % |
 |
CHINA | 1.0 % |
 |
BRITAIN | 0.8 % |
 |
SWEDEN | 0.8 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 8.2% | 27.7% | 15.2% | 2.7% | 12.9% | 12.6% | 11.2% | Volatility | 18.0% | 17.8% | 19.0% | 24.1% | 25.9% | 22.4% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.93 | 68% |
| MSCI EAFE | 0.66 | 35% |
| MSCI Emg Mkts | 0.39 | 12% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.31% |
| ADV of underlying (mns) | $40,964 |
Technical Indicators
| Recent close | $102.11 |
| 30d moving avg. | $102.85 |
| Annualized volatility | 20.1% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 4.7% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. KNCT |
Expenses vs. KNCT |
ALTAR Score™ vs. KNCT |
|---|---|---|---|---|
| FIVG | Defiance Next Gen Connectivity ETF | 37.6% | -10 bp | +0.2% |
| SIXG | Defiance Connective Technologies ETF | 32.0% | -10 bp | -0.4% |
| TRFK | Pacer Data and Digital Revolution ETF | 31.8% | +20 bp | -1.5% |
| IXN | iShares Global Tech ETF | 31.4% | +1 bp | -1.1% |
| XLK | Technology Select Sector SPDR Fund | 30.3% | -31 bp | -0.4% |
| NXTG | First Trust Indxx NextG ETF | 29.9% | +30 bp | +0.7% |
| IGM | iShares Expanded Tech Sector ETF | 27.4% | +1 bp | -1.2% |
| AIQ | Global X Artificial Intelligence & Technology ETF | 27.3% | +28 bp | -1.6% |
| TDIV | First Trust NASDAQ Technology Dividend Index Fund | 26.9% | +10 bp | +0.2% |
| VGT | Vanguard Information Technology ETF | 26.1% | -30 bp | -1.2% |
Risk and Returns: KNCT vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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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 | --% |
Based on closing prices from 11/15/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
KNCT
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™
KNCT
5.6%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. KNCT's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places KNCT in the 53rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
KNCTSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| KNCT (40 bp) Percentile rank | 42 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| KNCT | 40.0 | 30.9 | 70.9 |
| Peer Avg. | 46.6 | 16.9 | 63.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .