Invesco Aerospace & Defense ETF
U.S. stock index ETF · tracks SPADE Defense Index
As of its 2026 Q2 report, Invesco Aerospace & Defense ETF held 63 positions with $8.01B in net assets. Its ten largest holdings made up 56.9% of the fund. The PPA share class costs 0.58% a year. Over the 12 months to May 2026, PPA returned 33.8%, with dividends reinvested. In 2026 Q3 it added 3 new positions and exited 2.
The Invesco Aerospace & Defense ETF (the Fund) seeks to track the investment results (before fees and expenses) of the SPADE Defense Index (the Underlying Index).
The fund tracks the SPADE Defense Index through full replication, holding all 56 constituent stocks in their index weights; the index comprises U.S. companies involved in defense, military, national and homeland security, and government space operations. Because the fund is non-diversified, it is not required to meet diversification requirements under the Investment Company Act of 1940.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
9.14% | $732.33M | 3.2M | $229.03 | |
7.87% | $630.92M | 2.2M | $289.93 | |
RTXRTX Corp. | 7.15% | $573.36M | 3.3M | $176.07 |
6.41% | $513.45M | 991.3K | $517.97 | |
Invesco Private Prime Fund | 4.93% | $394.77M | — | — |
4.54% | $363.54M | 1.1M | $344.30 | |
4.47% | $358.04M | 617.9K | $579.48 | |
4.40% | $352.51M | 1.6M | $214.33 | |
4.19% | $335.70M | 1.4M | $243.04 | |
3.77% | $302.51M | 943.7K | $320.55 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 63 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 100.28% |
| Cash & short-term | 6.86% |
These positions come to 107.14% of the fund's net assets. This counts only what the fund reported holding — the holdings disclosure covers assets, not liabilities such as borrowings — so it is not expected to reconcile to 100%.
By sector
- Industrials
- 83.6%
- Information Technology
- 7.3%
- Cash
- 4.9%
- International
- 4.0%
- 1 other sector
- 0.2%
- Industrials
- 83.6%
- Information Technology
- 7.3%
- Cash
- 4.9%
- International
- 4.0%
- Communication Services
- 0.2%
How it has done
PPA share class · total returns with dividends reinvested
Volatility over the last 12 months: 17.68%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
Invesco Aerospace & Defense ETF is a U.S. equity index ETF that tracks the SPADE Defense Index. 18% of PPA’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 95% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Index (passive)
- Fund type
- ETF
- Features
- Non-diversified
- Expense ratio, by class
- 0.58%· PPA 0.58%
- Portfolio turnover
- 15.00% a year · as of 2025 Q3
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
3 new
2 exited
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