Understanding the Invesco Bloomberg Pricing Power ETF (POWA)

The Invesco Bloomberg Pricing Power ETF (ticker: POWA) is an exchange-traded fund designed to track companies with specific economic characteristics. As of October 9, 2026, the current price of one share is $88.59.

What this ETF is trying to do

POWA focuses on companies that have "pricing power." This generally refers to businesses that can maintain their profit margins even when costs change. The fund holds a variety of companies across different sectors.

Top Holdings

The following is a partial list of the fund's largest holdings. Please note that these represent only some of the 52 total holdings in the portfolio:

• Keysight Technologies Inc (2.53%)

• Microsoft Corp (2.32%)

• TD Synnex Corp (2.29%)

• Accenture PLC Class A (2.28%)

• Mettler-Toledo International Inc (2.28%)

• McKesson Corp (2.26%)

• KLA Corp (2.23%)

• eBay Inc (2.22%)

• Intuitive Surgical Inc (2.21%)

• NXP Semiconductors NV (2.21%)

Holdings can change over time. This list was updated on October 12, 2026.

What the numbers show

When looking at how this ETF has performed, it is important to distinguish between price return (the change in the share price) and total return (which includes the impact of distributions).

• Year-to-Date (YTD): The YTD price return is approximately -1.51%. The YTD total return is also approximately -1.51%.

• One-Year: The one-year price return was approximately -1.50%. The one-year total return was approximately -0.58%.

• Three-Year: The three-year price return was approximately 33.76%. The three-year total return was approximately 38.27%.

• Five-Year: The five-year total return was approximately 40.11%.

An estimated price from roughly one year ago was $89.94.

Income and distribution explanation

The distribution yield for POWA is approximately 0.95%. This number describes the cash distributions relative to the ETF price. The trailing distributions were $0.8452 per share.

The fund has an irregular or less frequent distribution frequency, with only one payout counted in the last 12 months. Because the yield is relatively low, it has an income rating grade of "C."

NAV erosion explanation

"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

However, the fund's erosion-risk score is 94, which is labeled as "Stable / sideways" with a "good" severity. There is no severe erosion-risk flag for this ETF.

Pros

• Strong Long-Term Total Returns: The fund has shown significant total returns over three-year and five-year periods.

• Stable Risk Profile: The erosion-risk score suggests the price trend has been relatively stable rather than rapidly declining.

Cons

• Recent Price Declines: Both the year-to-date and one-year price returns have been negative.

• Lower Income: The distribution yield is low, and the payout frequency is irregular.

Beginner takeaway

POWA focuses on companies with pricing power. While it has seen recent short-term share-price declines, its long-term total returns have been positive. Investors looking for high, regular income may find the low yield and irregular payout frequency important to consider. Always remember that a distribution yield is not the same as total return.