The Invesco Dividend Achievers ETF Badly Needs A Makeover


  • The Broad Dividend Achievers are an impressive group of companies on paper, but the Index has become bloated with underperformers in recent years.
  • Requiring ten years of consecutive dividend growth is outdated; such an arbitrary number should not be used to predict future performance, especially if no financial health screens are used.
  • Compared with the S&P 500, PFM currently has less exposure to Tech and Communication Services and more exposure to Consumer Staples and Industrials.
  • The fund's high expense ratio of 0.53% is the final nail in the coffin for this dividend ETF given how there are many other low-cost options available.
Puzzle with WHAT"S MISSING Phrase - 3D Rendering
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Investment Thesis

The Invesco Dividend Achievers ETF (NASDAQ:PFM) is losing its cachet. Ten years of dividend growth isn't as impressive as it was five years ago, considering its constituents spent much of the last decade easily growing dividends in the longest

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