KNCT: INVESCO NEXT GEN CONNECTIVITY ETF
What this ETF is trying to do
The Invesco Next Gen Connectivity ETF (KNCT) focuses on companies involved in connectivity technology. Based on its top holdings, it invests in a mix of hardware, semiconductors, and networking companies.
Top Holdings (as of October 4, 2026):
The fund holds 109 total assets. Some of the largest holdings include:
• Apple Inc: 9.01%
• Broadcom Inc: 7.86%
• Micron Technology Inc: 7.68%
• Samsung Electronics Co Ltd: 6.97%
• Cisco Systems Inc: 4.15%
• SK Hynix Inc: 3.98%
• Intel Corp: 3.51%
• Palo Alto Networks Inc: 3.14%
• CrowdStrike Holdings Inc Class A: 2.34%
• Arista Networks Inc: 2.29%
What the numbers show
As of October 9, 2026, the share price was $206.41.
There are two ways to look at the returns: price return (how much the share price changed) and total return (which includes the share price change plus distributions).
• Year-to-Date (YTD): The price return is 54.07%, and the total return is 55.22%.
• One Year: The price return is 58.21%, and the total return is 59.66%.
• Three Year: The price return is 166.36%, and the total return is 176.23%.
To put the one-year growth in perspective, if you had invested $10,000 based on the estimated price from roughly one year ago ($130.46), the price-only growth would have increased that amount by 58.21%.
Income and distribution explanation
This ETF pays out cash to investors, usually every quarter. Over the last 12 months, it had 4 payouts. The distribution yield is 0.79%.
It is important for beginners to know that a distribution yield is not the same as a total return. While these payments provide cash income, they are only one part of the overall return.
NAV erosion explanation
"NAV erosion" happens when the actual value of the assets inside an ETF drops over time. StockValueFinder uses an erosion-risk score to measure this.
KNCT has an erosion score of 100, and the label states "No price erosion detected." The severe erosion-risk flag is false, meaning the fund has not triggered a warning for substantial price deterioration.
Pros
• Strong price and total returns over the last one and three years.
• No detected NAV erosion.
• High income rating grade of A+.
Cons
• The distribution yield is relatively low (0.79%) compared to funds designed specifically for high income.
Beginner takeaway
KNCT has shown significant price growth over the last few years. While it provides some cash income through quarterly distributions, its primary movement has been driven by the increase in its share price. Always remember that high yields alone can be misleading; it is important to look at both the price stability and the total return.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | MICRON TECHNOLOGY INC | MU | 8.33% |
| 2 | n/a | n/a | 7.83% |
| 3 | APPLE INC | AAPL | 7.74% |
| 4 | BROADCOM INC | AVGO | 7.46% |
| 5 | SAMSUNG ELECTRONICS CO LTD | n/a | 6.53% |
| 6 | SK HYNIX INC | n/a | 5.69% |
| 7 | INTEL CORP | INTC | 5.07% |
| 8 | CISCO SYSTEMS INC | CSCO | 3.66% |
| 9 | PALO ALTO NETWORKS INC | PANW | 3.26% |
| 10 | CROWDSTRIKE HOLDINGS INC CLASS A | CRWD | 2.73% |