KBWYInvesco KBW Premium Yield Equity REIT ETF
KBWY Fund Description
KBWY tracks a dividend yield-weighted index of small and mid-cap equity REITs.
KBWY Factset Analytics Insight
KBWY is an outsider in the US real estate space. The fund rejects the traditional cap-weighted methodology in favor of dividend yield-weighting. KBWY also intentionally nixes large cap REITs in favor of smaller capitalization alternatives. This produces a basket that tilts very small—70% small- and microcaps—and also underweights residential REITs in favor of commercial REITs. Still, KBWY's dividend-focused strategy makes some sense: the reliable dividends of REITs are a big draw for real estate investors. KBWY’s yield currently looks strong next to our benchmark, but its yield advantage is unstable, in part because the fund’s long-term returns are more variable due to its small cap bias. Note too that the fund isn’t as liquid as IYR and VNQ, so it's not for frequent or casual traders.
KBWY MSCI ESG Analytics Insight
Invesco KBW Premium Yield Equity REIT ETF has an MSCI ESG Fund Rating of CCC based on a score of 1.13 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 KBW Premium Yield Equity REIT ETF ranks in the 0th percentile within its peer group and in the 2nd percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
KBWY 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.
KBWY Summary Data
KBWY Portfolio Data
KBWY Index Data
KBWY Portfolio Management
KBWY Tax Exposures
KBWY Fund Structure
KBWY Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of KBWY. KBWY is rated a 4 out of 5.
KBWY Sector/Industry Breakdown
KBWY Top 10 Holdings[View All]
KBWY Economic Development
KBWY Performance Statistics
KBWY MSCI ESG Ratings
KBWY Benchmark Comparison Summary
KBWY Benchmark Comparison Market Cap Size