Invesco Dividend Achievers ETF

The Invesco Dividend Achievers ETF (Fund) seeks to replicate, before fees and expenses, the NASDAQ US Broad Dividend Achievers Index (Index), which is designed to identify a diversified group of dividend-paying companies. The Fund will normally invest at least 90% of its total assets in dividend paying common stocks that comprise Index. These companies have increased their annual dividend for 10 or more consecutive fiscal years. The Fund and the Index are reconstituted annually in March and rebalanced quarterly in March, June, September and December. As of 08/31/2025 the Fund had an overall rating of 4 stars out of 1077 funds and was rated 4 stars out of 1077 funds, 3 stars out of 1018 funds and 5 stars out of 826 funds for the 3-, 5- and 10- year periods, respectively. Source: Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. ©2025 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. Ratings are subject to change monthly. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Ratings for other share classes may differ due to different performance characteristics.

Invesco Dividend Achievers ETF trades as PFM on NASDAQ. The company is classified in Financial Services / Asset Management - Income and reports in USD.

The current profile places the business in Asset Management - Income. This section is intended to summarize the operating segments, products, geographies, and main revenue lines from official filings.

Detailed operating-segment data is not available for this symbol yet.

Use this area for management strategy, capital allocation priorities, target markets, and measurable goals from the latest annual report or investor presentation.

The app now provides the structure, but exact strategic claims should come from official company documents before being treated as a finished investment thesis.

Invesco Dividend Achievers ETF can be compared against peers such as Invesco Dorsey Wright SmallCap Momentum ETF, WisdomTree International Quality Dividend Growth Fund, iShares Morningstar Small-Cap Growth ETF, Janus Henderson Small/Mid Cap Growth Alpha ETF, NYLI Hedge Multi-Strategy Tracker ETF, Invesco NASDAQ Next Gen 100 ETF.

A complete thesis should compare growth, margins, balance-sheet risk, valuation multiples, and market position against direct competitors.

Current signals to investigate include market capitalization of $771.90M, beta of 0.74, and return on equity of N/A.

This section should be validated with evidence such as durable margins, brand strength, regulation, switching costs, cost advantage, distribution, or technology.

Key risks should include financial leverage, cyclicality, customer concentration, regulatory exposure, currency risk, and execution risk.

PFM currently shows total debt of N/A and beta of 0.74. Missing data should be treated as a research gap, not as low risk.

Production-capacity detail is not available as structured data yet. For industrial, defense, semiconductor, or real-estate companies, this should be reviewed from annual reports and investor presentations.

No structured backlog field is available yet. If the company reports backlog, review the relevant filing section before adding it to the thesis.

Use this section for major contracts, product launches, construction projects, acquisitions, or strategic programs that can materially affect valuation.

Recent filings to review: NPORT-P (2026-04-01 00:00:00), NPORT-P (2026-04-01 00:00:00), NPORT-P (2026-04-01 00:00:00), NPORT-P (2026-04-01 00:00:00).

Customer concentration is not available as structured data here. Add it from official filings when a company discloses material customers or revenue concentration.

Supplier concentration and critical supply-chain dependencies are not available as structured data here. This should be researched from annual reports and risk disclosures.

Company website: https://www.invesco.com/content/invesco/us/en/financial-products/etfs/invesco-dividend-achievers-etf.html

For US-listed stocks, verify the thesis against official filings, earnings call transcripts, and company investor relations materials.