# Invesco Aerospace & Defense ETF (PPA): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/ppa 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: 2005-10-26 The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The underlying index is composed of common stocks of companies that are systematically important to the defense sector and are involved with the development, manufacture, operation and support of U.S. defense, military, national/homeland security, and government space operations. The fund is non-diversified. ## Key Facts | Metric | Value | |---|---| | Price | $154.03 | | Expense Ratio | 0.58% | | Assets Under Management | $7.32B | | NAV | $154.54 | | Holdings Count | 68 | | Distribution Yield (TTM) | 0.72% | | Annual Distribution (TTM) | $1.12 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $144.29 – $186.30 | | Beta | 0.85 | ## Latest Distribution - Amount: $0.4787 /share - Ex-date: 2026-09-21 - Pay date: 2026-09-25 ## Frequently Asked Questions ### What does PPA invest in? The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The underlying index is composed of common stocks of companies that are systematically important to the defense sector and are involved with the development, manufacture, operation and support of U.S. defense, military, national/homeland security, and government space operations. The fund is non-diversified. ### What is the expense ratio of PPA? Invesco Aerospace & Defense ETF (PPA) charges an expense ratio of 0.58%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is PPA? Invesco Aerospace & Defense ETF (PPA) manages $7.32B 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 PPA actively managed or an index fund? PPA's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was PPA launched? Invesco Aerospace & Defense ETF (PPA) launched in October 2005 and is managed by Invesco. ### How has PPA performed? PPA's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does PPA pay a dividend? Invesco Aerospace & Defense ETF (PPA) currently distributes little or no income. Trailing-twelve-month yield is 0.72%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does PPA pay dividends? Invesco Aerospace & Defense ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is PPA's dividend yield? PPA's trailing-twelve-month yield is 0.72%, calculated from the sum of dividends over the past year divided by the current price. ### When is PPA's next ex-dividend date? The most recently announced ex-dividend date for PPA was 2026-09-21. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will PPA's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.58% 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 PPA charge its expense ratio? The expense ratio is deducted in tiny daily slices from PPA'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 PPA cost more than a fund like VOO? PPA's strategy (current expense ratio 0.58%) 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 PPA sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to PPA? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as PPA (0.58%) 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/ppa - Distribution history: https://www.dividenddata.com/funds/ppa/dividend - Holdings & diversification: https://www.dividenddata.com/funds/ppa/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/ppa/expenses - Peer comparison: https://www.dividenddata.com/funds/ppa/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.