Invesco KBW Premium Yield Equity REIT ETF
KBWY
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 3500 Lacey Road Downers Grove IL United States of America 60515
- IPO Date
- Dec 2, 2010
- CIK
- 0001378872
- Website
- invesco.com
- Similar Companies
- Business
- Invesco KBW Premium Yield Equity REIT ETF (KBWY) is an exchange-traded fund that provides investors with exposure to small- and mid-cap equity real estate investment trusts (REITs) in the United States, tracking the KBW Nasdaq Premium Yield Equity REIT Index through a modified dividend yield-weighted methodology; the fund invests at least 90% of its total assets in the index constituents, which typically comprise 24 to 40 publicly traded REITs selected for competitive dividend yields, excluding large-cap names and emphasizing commercial over residential sectors such as office, healthcare, diversified, hotel & resort, industrial, and specialized REITs. Top holdings include Brandywine Realty Trust, Innovative Industrial Properties, Community Healthcare Trust, Global Net Lease, and Gladstone Commercial Corp, with approximately 27 holdings representing sectors like diversified REITs (19.90%), health care REITs (19.05%), and office REITs (18.60%); the fund is rebalanced and reconstituted quarterly on the third Friday of March, June, September, and December. Launched on December 2, 2010, and managed by Invesco Capital Management LLC with sub-advisers including Peter Hubbard and others, the ETF lists on Nasdaq with a total expense ratio of 0.35%, assets under management around $239 million to $251 million, and a focus on high-yield REITs primarily serving institutional and retail investors seeking income from U.S. real estate without direct property ownership. Recent developments include sustained monthly dividend distributions through 2025, with payments around $0.126 per share from January to July 2025, reflecting a 30-day SEC yield of 8.75% as of September 30, 2025 amid expectations of dividend growth reversal into 2025 following Federal Reserve rate cuts that could boost REIT fundamentals starting with Q4 2024 reports; the fund experienced performance challenges with a year-to-date NAV return of -8.04% and one-year return of -3.94% as of mid-2025, alongside routine quarterly index reconstitutions and ongoing portfolio adjustments to maintain small- and mid-cap focus (approximately 70% in small- and micro-caps).