# Invesco KBW High Dividend Yield Financial ETF (KBWD): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/kbwd for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Invesco · Asset class: Equity - Strategy: Thematic · Inception: 2010-12-02 The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is a modified-dividend yield-weighted index of companies principally engaged in the business of providing financial services and products, as determined by the index provider. The underlying index is designed to track the performance of financial companies with competitive dividend yields that are publicly-traded in the U.S. ## Key Facts | Metric | Value | |---|---| | Price | $10.40 | | Expense Ratio | 5.39% | | Assets Under Management | $329.1M | | NAV | $10.45 | | Holdings Count | 38 | | Distribution Yield (TTM) | 16.36% | | Annual Distribution (TTM) | $1.70 /share | | Distribution Frequency | Monthly | | 52-Week Range | $10.05 – $14.74 | | Beta | 0.80 | ## Latest Distribution - Amount: $0.1349 /share - Ex-date: 2026-10-19 - Pay date: 2026-10-23 ## Frequently Asked Questions ### What does KBWD invest in? The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is a modified-dividend yield-weighted index of companies principally engaged in the business of providing financial services and products, as determined by the index provider. The underlying index is designed to track the performance of financial companies with competitive dividend yields that are publicly-traded in the U.S. ### What is the expense ratio of KBWD? Invesco KBW High Dividend Yield Financial ETF (KBWD) charges an expense ratio of 5.39%. This is the annual fee deducted from fund assets to cover management and operations. ### What is KBWD's dividend yield? KBWD's trailing-twelve-month yield is 16.36%, calculated from the sum of dividends over the past year divided by the current price. ### How big is KBWD? Invesco KBW High Dividend Yield Financial ETF (KBWD) manages $329.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is KBWD actively managed or an index fund? KBWD's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was KBWD launched? Invesco KBW High Dividend Yield Financial ETF (KBWD) launched in December 2010 and is managed by Invesco. ### Does KBWD pay a dividend? Yes, Invesco KBW High Dividend Yield Financial ETF (KBWD) distributes dividends to shareholders. The trailing-twelve-month yield is 16.36%. Full dividend history is on this page. ### How often does KBWD pay dividends? Invesco KBW High Dividend Yield Financial ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is KBWD's next ex-dividend date? The most recently announced ex-dividend date for KBWD was 2026-10-19. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will KBWD's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 5.39% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does KBWD charge its expense ratio? The expense ratio is deducted in tiny daily slices from KBWD's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does KBWD cost more than a fund like VOO? KBWD's strategy (current expense ratio 5.39%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where KBWD sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to KBWD? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as KBWD (5.39%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/kbwd - Distribution history: https://www.dividenddata.com/funds/kbwd/dividend - Holdings & diversification: https://www.dividenddata.com/funds/kbwd/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/kbwd/expenses - Peer comparison: https://www.dividenddata.com/funds/kbwd/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.