PPA
Invesco Aerospace & Defense ETFPPA Fund Description
PPA tracks a market-cap-weighted index of US-listed stocks involved in the defense, military, homeland security and space industries.
PPA Factset Analytics Insight
PPA aims to provide broadly defined exposure to the aerospace & defense industry. In this narrow, highly concentrated space, classification rules drive everything. PPA holds firms that we classify into a wide variety of non-defense industries, which considerably dilutes its focus in our assessment. Further, in an effort to diversify its portfolio, PPA places caps on its positions, leading to a small tilt. Investors haven't been put off by PPA's inclusive take on the space: the fund sees strong volume each day with modest spreads, and larger traders should be able to get good block execution. However, investors should be mindful of PPA's high management fee and weak tracking, which makes holding costs a big hurdle for this fund.
PPA MSCI ESG Analytics Insight
Invesco Aerospace & Defense ETF has an MSCI ESG Fund Rating of A based on a score of 6.14 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 Aerospace & Defense ETF ranks in the 70th percentile within its peer group and in the 69th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
PPA 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.
PPA CHARTS AND PERFORMANCE
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PPA Portfolio Data
PPA Portfolio Management
PPA Tax Exposures
PPA Fund Structure
PPA Factset Analytics Block Liquidity
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
PPA Sector/Industry Breakdown
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PPA TOP 10 HOLDINGS[View All]
PPA Countries
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PPA Regions
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PPA Economic Development
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PPA Performance Statistics
PPA MSCI ESG Ratings
PPA BENCHMARK COMPARISON SUMMARY
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PPA BENCHMARK COMPARISON MARKET CAP SIZE
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.