DEFInvesco Defensive Equity ETF
DEF Fund Description
DEF tracks an index that aims to outperform in down markets while maintaining upside potential. The equal-weighted index picks 100 US stocks using proprietary methods.
DEF Factset Analytics Insight
DEF does defense in a different way. Typically defensive stock portfolios base their methods on a fund’s beta, but DEF starts with the S&P 500, calculates each constituent’s probability of maintaining revenues that support its current stock price, and keeps the top 80%. After that, the remaining stocks are then ranked by beta, eliminating the top 25%. Next, down-market volatility is tested, keeping the half of the stocks that score the lowest. Finally, the initial metric of probability of supporting the current stock price is revisited, where the fund selects the 100 stocks with the highest probability. The fund is equal-weighted is rebalanced quarterly. On October 24, 2016, DEF changed its index from the Sabrient Defensive Equity Index to the current index.
DEF MSCI ESG Analytics Insight
Invesco Defensive Equity ETF has an MSCI ESG Fund Rating of AA based on a score of 6.90 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Invesco Defensive Equity ETF ranks in the 65th percentile within its peer group and in the 76th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
DEF MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
DEF Summary Data
DEF Portfolio Data
DEF Index Data
DEF Portfolio Management
DEF Tax Exposures
DEF Fund Structure
DEF Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of DEF. DEF is rated a 5 out of 5.
DEF Sector/Industry Breakdown
DEF Top 10 Holdings[View All]
DEF Economic Development
DEF Performance Statistics
DEF MSCI ESG Ratings
DEF Benchmark Comparison Summary
DEF Benchmark Comparison Market Cap Size