The AI (ChatGPT) Dividend Handbook: Invesco High Yield Equity Dividend Achievers ETF (PEY)

Here is the response from ChatGPT for the prompt Invesco High Yield Equity Dividend Achievers ETF (PEY) tracks fees AUM holdings 400 words entered on May 20, 2023.

The Invesco High Yield Equity Dividend Achievers ETF (PEY) is an exchange-traded fund offered by Invesco. Let's explore the details of how PEY tracks its index, its fees, assets under management (AUM), and its holdings:

1. Index Tracking: PEY aims to track the performance of the NASDAQ US Dividend Achievers 50 Index. This index includes 50 stocks selected from the NASDAQ US Benchmark Index that have a history of increasing their dividends for at least ten consecutive years. The index methodology focuses on selecting companies with a track record of consistent dividend growth.

By tracking this index, PEY seeks to provide investors with exposure to a portfolio of high-dividend-yielding companies with a history of dividend growth.

2. Fees: As of my knowledge cutoff, PEY had an expense ratio of 0.52%. The expense ratio represents the annual cost of owning the ETF as a percentage of the investment's assets. The expense ratio covers the costs associated with managing the ETF and tracking its index. It is important to consider the fund's investment strategy and underlying index when evaluating the expense ratio.

3. Assets Under Management (AUM): As of my knowledge cutoff, PEY had approximately $850 million in assets under management (AUM). AUM represents the total market value of all the investments held by the fund. Higher AUM generally indicates investor interest and confidence in the ETF.

4. Holdings: PEY's holdings consist of a portfolio of high-dividend-yielding companies that have a history of increasing their dividends. While the specific holdings may change over time, the fund generally includes companies from various sectors that meet the index's criteria for being a Dividend Achiever.

The holdings of PEY span across different sectors within the broader U.S. equity market, including sectors like Consumer Discretionary, Financials, Utilities, Healthcare, and more. The ETF aims to provide investors with exposure to companies that have a history of consistent dividend growth.

Investors interested in the specific holdings of PEY can review the fund's prospectus or visit the Invesco website for the most up-to-date information. The prospectus provides a breakdown of the ETF's holdings, including the specific companies held and their weightings in the portfolio.

It's important to note that while PEY aims to track its index, there may be slight differences in performance due to factors such as tracking error or fees. Investors should review the ETF's tracking methodology and performance information to evaluate its effectiveness in replicating the index.

As with any investment, it's crucial to conduct thorough research, assess your investment goals and risk tolerance, and consider consulting with a financial advisor before making investment decisions in PEY or any other ETF.

Table and Chart of PEY Performance (From buyupside.com. Not from chatGPT.)

See what a $1,000 investment in Invesco High Yield Equity Dividend Achievers ETF (PEY) is worth today.

Values are based on monthly closes adjusted for splits and dividends from Alpha Vantage.