ATLASInvesco Aerospace & Defense ETF (PPA): outlook, holdings and fees
Invesco Aerospace & Defense ETF (PPA) is an exchange-traded fund and is managed by Invesco. The expense ratio is 0.57% and the yield is 0.42%. The ten largest holdings are 61% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 3, 2026
ATLAS view on PPA
| Last price | $162.71 (+1.1%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 53% |
| Likely 1-month range (50%) | $157.90 – $169.07 |
| Normal 1-day range (±1σ) | ±1.2% |
| Distribution yield | 0.42% |
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.
PPA fund facts
| Issuer | Invesco |
|---|---|
| Theme | Aerospace & defense |
| Assets under management | $7.4B |
| Expense ratio | 0.57% |
| Number of holdings | 50 |
| Portfolio turnover | 0% |
| Inception | Oct 26, 2005 |
| Exchange | NYSE |
The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The underlying index is composed of common stocks of companies that are systematically important to the defense sector and are involved with the development, manufacture, operation and support of U.S. defense, military, national/homeland security, and government space operations. The fund is non-diversified.
PPA top holdings
| Holding | Sector | Weight |
|---|---|---|
| RTX Corporation RTX | Industrials | 8.92% |
| General Electric Company GCP | Other | 9.27% |
| The Boeing Company BA | Industrials | 9.35% |
| Lockheed Martin Corporation LMT | Industrials | 7.87% |
| General Dynamics Corporation GD | Industrials | 5.43% |
| Northrop Grumman Corporation NOC | Industrials | 4.68% |
| Howmet Aerospace Inc HWM | Industrials | 4.16% |
| Honeywell Aerospace Inc. Common Stock When Issued HONAV | – | 3.85% |
| L3Harris Technologies Inc LHX | Industrials | 3.82% |
| Parker-Hannifin Corporation PH | Industrials | 3.72% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
PPA sector breakdown
| Sector | Weight |
|---|---|
| Industrials | 89.7% |
| Technology | 10.1% |
| Communication Services | 0.2% |
By region: North America 97.6%, Africa/Middle East 2.4%.
PPA returns and risk
| Year to date | -0.6% |
|---|---|
| 1 year | -0.6% |
| 3 years (annualised) | +23.4% |
| 5 years (annualised) | +17.4% |
| 10 years (annualised) | +16.5% |
| Volatility (3 years) | 15.3% |
| Sharpe ratio (3 years) | 1.16 |
Past returns do not guarantee future results.
PPA: frequently asked questions
What does PPA invest in?
Invesco Aerospace & Defense ETF invests in a portfolio of securities. Its largest holdings are RTX Corporation (8.9%), General Electric Company (9.3%), The Boeing Company (9.4%), Lockheed Martin Corporation (7.9%), General Dynamics Corporation (5.4%).
What is the PPA expense ratio?
0.57% a year: about $57.00 for every $10,000 invested.
What is the PPA dividend yield?
0.42%. ATLAS does not hold the exact distribution dates for ETFs.
Will PPA 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 $157.90 to $169.07 from $162.71 today. It is a probability, not a prediction.
How has PPA performed?
Year to date -0.6%, one year -0.6%, three years +23.4% a year, five years +17.4% a year. Past returns do not guarantee future results.
Similar ETFs: Aerospace & defense
Educational information, not investment advice. Disclaimer