ATLASInvesco KBW High Dividend Yield Financial ETF (KBWD): outlook, holdings and fees
Invesco KBW High Dividend Yield Financial ETF (KBWD) is an exchange-traded fund and is managed by Invesco. The expense ratio is 1.94% and the yield is 15.55%. The ten largest holdings are 38% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on KBWD
| Last price | $10.68 (+1.1%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 53% |
| Likely 1-month range (50%) | $10.32 – $11.14 |
| Normal 1-day range (±1σ) | ±1.3% |
| Distribution yield | 15.55% · monthly |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
KBWD fund facts
| Issuer | Invesco |
|---|---|
| Theme | Financials |
| Assets under management | $346M |
| Expense ratio | 1.94% |
| Number of holdings | 38 |
| Portfolio turnover | 67% |
| Inception | Dec 2, 2010 |
| Exchange | NASDAQ |
The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is a modified-dividend yield-weighted index of companies principally engaged in the business of providing financial services and products, as determined by the index provider. The underlying index is designed to track the performance of financial companies with competitive dividend yields that are publicly-traded in the U.S.
KBWD top holdings
| Holding | Sector | Weight |
|---|---|---|
| INVESCO MORTGA.CAP.DL-01 7M20 | – | 4.58% |
| ARMOUR Residential REIT Inc ARR | Real Estate | 4.12% |
| Orchid Island Capital Inc. ORC | Real Estate | 4.18% |
| PennyMac Mortgage Investment Trust PMT | Real Estate | 3.85% |
| Dynex Capital Inc DX | Real Estate | 3.77% |
| MFA FINANCIAL NEW DL -01 M4ZA | Real Estate | 3.81% |
| FS KKR Capital Corp FSK | Financial Services | 3.69% |
| PennantPark Floating Rate Capital Ltd PFLT | Financial Services | 3.43% |
| New Mountain Finance Corporation NMFC | Financial Services | 3.21% |
| Western Union Co WU | Financial Services | 3.42% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
KBWD sector breakdown
| Sector | Weight |
|---|---|
| Financial Services | 58.7% |
| Real Estate | 41.3% |
By region: North America 100.0%.
KBWD returns and risk
| Year to date | -14.3% |
|---|---|
| 1 year | -10.7% |
| 3 years (annualised) | +1.9% |
| 5 years (annualised) | -2.1% |
| 10 years (annualised) | +3.2% |
| Volatility (3 years) | 17.8% |
| Sharpe ratio (3 years) | -0.07 |
Past returns do not guarantee future results.
KBWD: frequently asked questions
What does KBWD invest in?
Invesco KBW High Dividend Yield Financial ETF invests in a portfolio of securities. Its largest holdings are INVESCO MORTGA.CAP.DL-01 (4.6%), ARMOUR Residential REIT Inc (4.1%), Orchid Island Capital Inc. (4.2%), PennyMac Mortgage Investment Trust (3.9%), Dynex Capital Inc (3.8%).
What is the KBWD expense ratio?
1.94% a year: about $194.00 for every $10,000 invested.
What is the KBWD dividend yield?
15.55%, paid monthly. ATLAS does not hold the exact distribution dates for ETFs.
Will KBWD go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 53%, with a likely range (50%) of $10.32 to $11.14 from $10.68 today. It is a probability, not a prediction.
How has KBWD performed?
Year to date -14.3%, one year -10.7%, three years +1.9% a year, five years -2.1% a year. Past returns do not guarantee future results.
Similar ETFs: Financials
- State Street Financial Select Sector SPDR ETF (XLF)
- Vanguard Financials Index Fund ETF Shares (VFH)
- Invesco KBW Bank ETF (KBWB)
- iShares U.S. Financials ETF (IYF)
- State Street SPDR S&P Regional Banking ETF (KRE)
- iShares MSCI Europe Financials ETF (EUFN)
- VanEck Preferred Securities ex Financials ETF (PFXF)
- Fidelity MSCI Financials Index ETF (FNCL)
Educational information, not investment advice. Disclaimer