Invesco International Dividend Achievers ETF (PID) remains rated Sell due to high fees, average performance, and lackluster dividend growth. PID is heavily concentrated in Canadian equities, has uncompelling fundamentals and risk-adjusted performance compared to the international benchmark IXUS. Some competitors offer similar or better risk-adjusted performance with a lower expense ratio.
I rate PID a sell due to lagging performance, high fees, and weak fundamentals compared to peer international dividend ETFs like VYMI. PID's top holdings suffer from unattractive valuations, high payout ratios, and low growth, weighing down the fund's outlook and dividend sustainability. VYMI stands out with lower fees, higher yield, better diversification, and stronger fundamentals among its top holdings, making it a superior alternative.
Invesco International Dividend Achievers ETF invests in nearly 50 international dividend growth stocks, but has a high expense ratio of 0.53%. PID has a strong focus on Canadian stocks, especially in energy, communication services, and utilities, introducing geographic concentration risk. PID's performance is comparable to VIGI, but its high sensitivity to interest rates and U.S. trade policies introduces significant risks.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 934 | $20,707.25 | $21,313.88 | $606.63 | 2.93% |
| RS Ramu Singh CALTON & ASSOCIATES Inc. | 16,288 | $324,083.87 | $372,180.8 | $48,096.93 | 14.84% |
| KK Kent Keister Kaye Capital Management | 1.01M | $17.71M | $23.02M | $5.31M | 29.97% |
| RZ Richard Zito Flynn Zito Capital Management LLC | 12,416 | $214,442.78 | $283,084.8 | $68,642.02 | 32.01% |
Christian Keedy Guardian Wealth Advisors LLC / Nc | 1,029 | $22,895.25 | $23,476.63 | $581.38 | 2.54% |
| NASDAQ (NMS) Exchange | US Country |
The fund is designed to offer investors exposure to a diverse range of assets through a single investment channel. It achieves this by allocating at least 90% of its total assets into securities that make up its underlying index. This underlying index comprises an array of international investment vehicles, including Global Depositary Receipts (GDRs), American Depositary Receipts (ADRs), non-U.S. common or ordinary stocks, limited partnership interests, and shares of limited liability companies. These securities are primarily listed on prestigious platforms such as the London Stock Exchange (LSE), the London International Exchange, and the New York Stock Exchange (NYSE), providing a broad market reach and potential for substantial investment growth.
GDRs are bank certificates issued in more than one country for shares in foreign companies. The shares are held by a foreign branch of an international bank. The fund invests in GDRs that are listed on the London Stock Exchange or the London International Exchange to provide investors with a straightforward way to gain exposure to foreign markets.
ADRs are a way for investors to invest in non-U.S. companies, but still trade the investments in the U.S. on the New York Stock Exchange. These instruments allow the fund's investors to access a global range of companies and sectors, whilst trading in U.S. dollars and during U.S. trading hours.
This refers to direct investments in the equity of companies incorporated outside of the United States. By investing in these stocks, the fund offers its shareholders a chance to diversify their portfolio internationally, tapping into growth opportunities across the globe.
Limited partnerships offer investors a way to gain exposure to the performance of particular projects or sectors without taking on the operational risks involved. The fund includes limited partnership interests as part of its investment strategy to potentially benefit from specialized markets.
Investing in shares of limited liability companies allows the fund to participate in the equity of firms with a structured limitation on shareholder liabilities. This approach provides a balance between ownership in potentially high-growth companies and the mitigation of investment risk.