PEY: INVESCO HIGH YIELD EQUITY DIVIDEND ACHIEVERS ETF
What this ETF is trying to do
The Invesco High Yield Equity Dividend Achievers ETF (PEY) focuses on companies that pay dividends. It aims to provide investors with a mix of share-price growth and regular cash payments.
What the numbers show
As of October 9, 2026, the share price is $22.94.
When looking at performance, it is important to distinguish between price return (how much the share price changed) and total return (which includes the share price change plus the cash distributions).
• Year-to-Date (YTD): The price return is 12.51%, while the total return is 16.48%.
• One Year: The price return is 9.48%, while the total return is 14.79%.
• Three Year: The price return is 22.13%, while the total return is 41.06%.
To put the one-year price return into perspective, if you had invested $10,000 in this ETF roughly one year ago (when the estimated price was $20.95), the value of those shares alone would be worth approximately $10,947.64 today.
Income and distribution explanation
This ETF usually pays out cash to investors every month. Over the last 12 months, it has made 12 payments. The distribution yield is 4.56%.
It is important for beginners to remember that a high distribution yield alone can be misleading. A yield tells you how much cash is being paid out relative to the price, but it does not guarantee that the overall investment is growing.
NAV erosion explanation
NAV erosion happens when the actual value of the fund's assets drops over time, often causing the share price to fall consistently.
For this ETF, the erosion-risk score is 100, and the erosion severity is labeled as "good." The data shows "No price erosion detected," and the severe erosion-risk flag is false.
Top Holdings
This ETF holds 53 different assets. As of October 4, 2026, some of the largest holdings include:
• Perrigo Co PLC: 4.7%
• Robert Half Inc: 4.45%
• Insperity Inc: 3.85%
• Flowers Foods Inc: 3.34%
• Pfizer Inc: 2.61%
These holdings can change over time.
Pros
• Positive price and total returns over the short and long term.
• Consistent monthly cash distributions.
• No detected NAV erosion.
Cons
• The distribution yield is a smaller part of the total return compared to the price growth.
Beginner takeaway
PEY is an ETF for people who want both monthly income and potential growth in their share price. While it provides a steady yield, the total return has been higher than the price return because of the added cash distributions.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | PERRIGO CO PLC | PRGO | 4.70% |
| 2 | ROBERT HALF INC | RHI | 4.45% |
| 3 | INSPERITY INC | NSP | 3.85% |
| 4 | FLOWERS FOODS INC | FLO | 3.34% |
| 5 | PFIZER INC | PFE | 2.61% |
| 6 | MAIN STREET CAPITAL CORP | MAIN | 2.50% |
| 7 | LYONDELLBASELL INDUSTRIES NV CLASS A | LYB | 2.46% |
| 8 | PRUDENTIAL FINANCIAL INC | PRU | 2.38% |
| 9 | CLOROX CO | CLX | 2.34% |
| 10 | UNITED PARCEL SERVICE INC CLASS B | UPS | 2.21% |