Key stats
About Invesco S&P Spin-Off ETF
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Inception date
Dec 15, 2006
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
ISIN
US46137V1594
CSD offers niche equity exposure to spin-offs. The idea: A firm spun off from a larger parent has a singular focus on its core business, rather than being a rudderless component of a larger whole. Its S&P index uses a 4-year look back, and names can be added immediately once the monthly reconstitution rolls around. Single-name exposure can be concentrated up to 7% at rebalance. CSD pulls from a broad US index (not from the S&P 500) but screens out smaller firms with a minimum $1B market-cap screen. It applies no additional selection screens, however, thus offering reasonably pure-play exposure to its narrow thesis. Note: Prior to May 20, 2016, CSD tracked the Beacon Spin-off Index, which used different time horizons and had a growth-oriented multi-factor selection process. The change was material but the spin-off thesis remains the same.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Producer Manufacturing
Technology Services
Finance
Stocks99.93%
Electronic Technology22.56%
Producer Manufacturing20.26%
Technology Services13.02%
Finance10.67%
Health Technology8.45%
Health Services7.14%
Utilities6.64%
Industrial Services3.99%
Non-Energy Minerals3.73%
Consumer Durables2.01%
Commercial Services0.95%
Consumer Non-Durables0.52%
Bonds, Cash & Other0.07%
Mutual fund0.06%
Cash0.00%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CSD invests in stocks. The fund's major sectors are Electronic Technology, with 22.56% stocks, and Producer Manufacturing, with 20.26% of the basket. The assets are mostly located in the North America region.
CSD top holdings are SanDisk Corp and GE Healthcare Technologies Inc., occupying 8.53% and 7.59% of the portfolio correspondingly.
CSD last dividends amounted to 0.14 USD. The year before, the issuer paid 0.33 USD in dividends, which shows a 141.58% decrease.
CSD assets under management is 77.86 M USD. It's risen 4.19% over the last month.
CSD fund flows account for 4.21 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, CSD pays dividends to its holders with the dividend yield of 0.15%. The last dividend (Dec 27, 2024) amounted to 0.14 USD. The dividends are paid annually.
CSD shares are issued by Invesco Ltd. under the brand Invesco. The ETF was launched on Dec 15, 2006, and its management style is Passive.
CSD expense ratio is 0.65% meaning you'd have to pay 0.65% of your investment to help manage the fund.
CSD follows the S&P U.S. Spin-Off Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CSD invests in stocks.
CSD price has risen by 3.14% over the last month, and its yearly performance shows a 23.46% increase. See more dynamics on CSD price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 4.44% over the last month, showed a 14.43% increase in three-month performance and has increased by 24.19% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 4.44% over the last month, showed a 14.43% increase in three-month performance and has increased by 24.19% in a year.
CSD trades at a premium (0.12%) meaning the ETF is trading at a higher price than the calculated NAV.