What is PPA?

PPA tracks a market-cap-weighted index of US-listed stocks involved in the defense, military, homeland security and space industries.

PERFORMANCE [as of 03/30/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
PPA -0.30% 2.17% 2.17% 1.76% 17.04% 8.08% 14.42%
PPA (NAV) -0.31% 2.11% 2.11% 1.83% 17.03% 8.08% 14.40%
SPADE Defense Index -0.27% 2.24% 2.24% 2.11% 17.59% 8.62% 15.04%
MSCI USA IMI / Aerospace & Defense -IND -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

PPA Factset Analytics Insight

PPA aims to provide broadly defined exposure to the aerospace & defense industry, which may also include firms in non-defense industries. The fund specifically includes NYSE- or NASDAQ-listed companies engaged in operations supporting the US defense, military, homeland security, and space operations. In this narrow, highly concentrated space, the fund managers use size, liquidity, and revenue screens in selecting its constituents. In addition, the fund managers have discretion on any addition or deletions of holdings at any time if they believe such securities no longer represent the fund’s industry focus. Selected securities are weighted by market-cap and are rebalanced quarterly, employing 10% weight constraints on each individual constituent in an effort to diversify its portfolio.

PPA Summary Data

Invesco
10/26/05
0.61%
$1.84B
SPADE Defense Index
MSCI USA IMI / Aerospace & Defense -IND
Open-Ended Fund

Peers

MSCI USA IMI / Aerospace & Defense -IND

Fund Flows

-$0.01B 5 Days
+$0.07B 30 Days
+$0.12B 90 Days

PPA Portfolio Data

$54.64B
33.40
4.04
0.83%
N/A
55

PPA Index Data

SPADE Defense Index
Market Cap
Committee
MSCI USA IMI / Aerospace & Defense -IND

PPA Portfolio Management

0.61%
-0.32%
-0.26%
-0.64%

PPA Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

PPA Fund Structure

Open-Ended Fund
No
Yes
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 03/31/23

This measurement shows how easy it is to trade a $1 million USD block of PPA. PPA is rated a 5 out of 5.

PPA Tradability

128,131
$10.28M
116,393
$9.46M
0.07%
$0.06
0.03%
0.15% / -0.12%
None
97.94%
10,000
11.64
0.07%
0.03%
335
$79.94
5

PPA Sector/Industry Breakdown

PPA Segment
Benchmark
75.89% --
8.24% --
7.40% --
4.64% --
1.26% --
0.89% --
0.56% --
0.53% --
0.50% --
0.09% --

PPA Performance Statistics

--
--
--
--
--
MSCI USA IMI / Aerospace & Defense -IND

PPA Countries

PPA Segment
Benchmark
96.07% --
1.99% --
1.88% --

PPA Regions

PPA Segment
Benchmark
97.95% --
1.99% --

PPA Economic Development

PPA Segment
Benchmark
99.94% --
0.00% --

PPA Benchmark Comparison Holdings

55
--
--
--

PPA Benchmark Comparison Summary

PPA Segment
Benchmark
55 --
$54.64B --
33.40 --
4.04 --
1.07% --
Medium --

PPA Benchmark Comparison Market Cap Size

PPA Segment
Benchmark
71.75% --
24.72% --
3.29% --
0.17% --