---
ticker: "KBWD"
name: "Invesco KBW High Dividend Yield Financial ETF"
url: "https://etf.net/etf/KBWD"
grade: "F"
score: 22
graded_at: "2026-10-12"
category: "Financials (Broad)"
category_rank: "17 of 18"
methodology: "https://etf.net/methodology"
---

# KBWD: Invesco KBW High Dividend Yield Financial ETF

Grade **F**, Score 22 of 100. Rank 17 of 18 in Financials (Broad).

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 0 | 18 of 18 |
| Mission | Not scored | — |
| Risk | 15 | 17 of 18 |
| Tradability | 34 | 11 of 18 |
| Holdings | 72 | 5 of 18 |
| Durability | 53 | 10 of 18 |

## Top holdings

The fund holds 39 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | IVR | Invesco Mortgage Capital Inc | 4.34% |
| 2 | ARR | ARMOUR Residential REIT Inc | 4.21% |
| 3 | ORC | Orchid Island Capital Inc | 3.97% |
| 4 | PMT | PennyMac Mortgage Investment Trust | 3.85% |
| 5 | DX | Dynex Capital Inc | 3.80% |
| 6 | MFA | MFA Financial Inc | 3.62% |
| 7 | FSK | FS KKR Capital Corp | 3.55% |
| 8 | PFLT | PennantPark Floating Rate Capital Ltd | 3.43% |
| 9 | NMFC | New Mountain Finance Corp | 3.34% |
| 10 | WU | Western Union Co/The | 3.23% |
| 11 | AINV | MidCap Financial Investment Corp | 3.16% |
| 12 | AGNC | AGNC Investment Corp | 3.13% |
| 13 | GSBD | Goldman Sachs BDC Inc | 3.11% |
| 14 | RWT | Redwood Trust Inc | 3.09% |
| 15 | NLY | Annaly Capital Management Inc | 3.02% |
| 16 | CGBD | Carlyle Secured Lending Inc | 2.96% |
| 17 | TRIN | Trinity Capital Inc | 2.94% |
| 18 | NCDL | Nuveen Churchill Direct Lending Corp | 2.89% |
| 19 | ADAM | Adamas Trust Inc | 2.81% |
| 20 | OBDC | Blue Owl Capital Corp | 2.76% |
| 21 | TCPC | BlackRock TCP Capital Corp | 2.67% |
| 22 | CION | CION Investment Corp | 2.66% |
| 23 | CCAP | Crescent Capital BDC Inc | 2.52% |
| 24 | AB | AllianceBernstein Holding LP | 2.52% |
| 25 | ABR | Arbor Realty Trust Inc | 2.24% |
| 26 | FBRT | Franklin BSP Realty Trust Inc | 2.10% |
| 27 | APAM | Artisan Partners Asset Management Inc | 1.81% |
| 28 | OWL | Blue Owl Capital Inc | 1.79% |
| 29 | WASH | Washington Trust Bancorp Inc | 1.69% |
| 30 | PNNT | PennantPark Investment Corp | 1.63% |

Source: etf.net, https://etf.net/etf/KBWD. Please cite the page URL.