Invesco KBW Premium Yield Equity REIT ETF

Frequently Asked Questions About KBWY

What does KBWY invest in?

Invesco Exchange-Traded Fund Trust II - Invesco KBW Premium Yield Equity REIT ETF is an exchange traded fund launched and managed by Invesco Capital Management LLC. The fund invests in public equity markets of the United States. The fund invests in stocks of companies operating across real estate, equity investment trusts (reits) sectors. It invests in growth and value stocks of companies across diversified market capitalization. It invests in dividend paying stocks of companies. The fund seeks to track the performance of the KBW Nasdaq Premium Yield Equity REIT Index, by using full replication technique. Invesco Exchange-Traded Fund Trust II - Invesco KBW Premium Yield Equity REIT ETF was formed on December 2, 2010 and is domiciled in the United States.

What is the expense ratio of KBWY?

Invesco KBW Premium Yield Equity REIT ETF (KBWY) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations.

What is KBWY's distribution yield?

KBWY's trailing-twelve-month yield is 8.51%, calculated from the sum of distributions over the past year divided by the current price.

How does KBWY's covered-call strategy work?

KBWY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is KBWY?

Invesco KBW Premium Yield Equity REIT ETF (KBWY) manages $318.2M 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 KBWY actively managed or an index fund?

KBWY's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.