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Invesco Dividend Achievers ETF

PFMNasdaqInvescoC

$58.50+0.11 (+0.19%)

At close: Nov 2, 2026, 4:00 PM ET

Intraday session: up, 79 prints from 58.39 to 58.50. Range 58.48 to 58.74. Use the arrow keys to read each point.58.6058.7010 AM12 PM2 PM4 PM
Expense ratio
0.52%
Fund size
$815M
1Y total return
+16.4%
Yield · Last 12 months
1.29%
Holdings
431
Avg volume · 30D
18.7K sh
52W range
low $49.98high $58.87
Launched
Filings
SEC EDGAR

The ETF.net PFM Grade

C

Score 52 out of 100

Rank
30 of 53
Six-pillar profile for PFM. Scores out of 100: Cost 18, Risk 62, Mission 84, Tradability 50, Holdings 57, Durability 64. Strongest: Mission (84). Weakest: Cost (18). Leans toward Mission.

Score 52 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F18 out of 100
    Rank 43 of 53
  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A84 out of 100
    Rank 24 of 50
  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B62 out of 100
    Rank 18 of 53
  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C50 out of 100
    Rank 27 of 53
  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B57 out of 100
    Rank 27 of 53
  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B64 out of 100
    Rank 22 of 53

Our read on PFM

ETF.net Research

In short

CA 2005-vintage dividend fund that casts a wide net: roughly 400 US dividend payers from the Nasdaq Dividend Achievers family, held close to the index. The trade-off is price, in a corner of the market that has gotten very cheap.

Stated mandate

The Fund seeks to replicate the NASDAQ US Broad Dividend Achievers Index before fees and expenses and normally invests at least 90% of assets in dividend-paying common stocks in that Index.

Why people hold it

  • Wide net, not a narrow screen: about 400 US dividend payers, with at least 90% of assets in the common stocks of its Nasdaq Broad Dividend Achievers index.
  • Trading since 2005, so the record spans several market cycles. Dividends are passed through quarterly.
  • Sticks to the script. The portfolio has stayed tight to the index it promises to replicate, which is the entire job description for a fund like this.

Worth knowing

  • 0.52% a year sits above the median for its dividend-screen peers, and the category's anchors (VIG at 0.04%, SCHD at 0.06%) charge a small fraction of that.
  • Thinly traded next to the category's giants, so limit orders and patience matter more here than they would in a household-name dividend fund.
  • Overall it lands in the lower half of its dividend-screen peer group, driven by cost and trading friction rather than by how it runs the index.

PFM Performance

Launched Sep 15, 2005

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

PFM$11,644
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. PFM $11,644. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for PFM. Periods over one year show the average yearly return.
PeriodPFM
Year to date+14.6%
1 month+6.4%
3 months+3.9%
1 year+16.4%
3 yearsper year+19.4%
5 yearsper year+10.7%
10 yearsper year+12.3%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for PFM
YearReturn barPFM
2026 YTD+14.6%
2025+14.0%
2024+16.9%
2023+11.4%
2022−6.2%
2021+23.1%
2020+9.6%

PFM in the news

PFM Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
1.29%Last 12 months
Payout per share
$0.75Last 12 months
Last payment
$0.18 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.02; Jun 16, 2017 $0.14; Sep 18, 2017 $0.13; Dec 18, 2017 $0.15; Mar 19, 2018 $0.09; Jun 18, 2018 $0.18; Sep 24, 2018 $0.15; Dec 24, 2018 $0.15; Mar 18, 2019 $0.10; Jun 24, 2019 $0.16; Sep 23, 2019 $0.16; Dec 23, 2019 $0.17; Mar 23, 2020 $0.17; Jun 22, 2020 $0.17; Sep 21, 2020 $0.14; Dec 21, 2020 $0.17; Mar 22, 2021 $0.13; Jun 21, 2021 $0.16; Sep 20, 2021 $0.17; Dec 20, 2021 $0.20; Mar 21, 2022 $0.18; Jun 21, 2022 $0.18; Sep 19, 2022 $0.17; Dec 19, 2022 $0.18; Mar 20, 2023 $0.18; Jun 20, 2023 $0.18; Sep 18, 2023 $0.18; Dec 18, 2023 $0.21; Mar 18, 2024 $0.18; Jun 24, 2024 $0.19; Sep 23, 2024 $0.17; Dec 23, 2024 $0.18; Mar 24, 2025 $0.18; Jun 23, 2025 $0.19; Sep 22, 2025 $0.17; Dec 22, 2025 $0.18; Mar 23, 2026 $0.19; Jun 22, 2026 $0.19; Sep 21, 2026 $0.18. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 21, 2026Sep 25, 2026$0.18
Jun 22, 2026Jun 26, 2026$0.19
Mar 23, 2026Mar 27, 2026$0.19
Dec 22, 2025Dec 26, 2025$0.18
Sep 22, 2025Sep 26, 2025$0.17
Jun 23, 2025Jun 27, 2025$0.19
Mar 24, 2025Mar 28, 2025$0.18
Dec 23, 2024Dec 27, 2024$0.18
Sep 23, 2024Sep 27, 2024$0.17
Jun 24, 2024Jun 28, 2024$0.19
Mar 18, 2024Mar 22, 2024$0.18
Dec 18, 2023Dec 22, 2023$0.21

See all 84 payments⁠

$10,000 in PFM 10 years ago paid $3,033 in dividends.⁠

PFM Risk

How much the fund’s monthly returns vary, scaled to a year.
10.5%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.33
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−17.8%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.78
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

PFM Cost

Overpaying vs VIG, cheapest in US Dividend Index

$9,502

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • PFM 0.52%

    $10,351

  • VIG 0.04% Cheapest

    $849

$10,000
30 years

Cost over time

  • PFM 0.52%
  • VIG 0.04%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530PFM $10,351VIG $849

Year by year

YearPFMVIGOverpaying
10$935$73$862
20$3,593$288$3,305
30$10,351$849$9,502

Other funds in US Dividend Index