Company Overview - Invesco Mortgage Capital Inc. is a real estate investment trust that primarily focuses on investing in, financing, and managing mortgage-backed securities and other mortgage-related assets [3]. Upcoming Financial Results - Invesco Mortgage Capital Inc. will announce its fourth quarter 2025 results on January 29, 2026, after market close [1]. - A conference call and audio webcast to review the fourth quarter 2025 results will be held on January 30, 2026, at 9:00 a.m. ET [1]. - Key executives scheduled to speak during the conference call include John Anzalone (CEO), Brian Norris (CIO), Kevin Collins (President), David Lyle (COO), and Mark Gregson (CFO) [1]. Participation Details - A presentation will be available on the company's website prior to the call [2]. - Participants can join the call by calling North America Toll Free: 888-982-7409 or International Toll: 1-212-287-1625 with the passcode "Invesco" [2]. - An audio replay of the call will be available until February 13, 2026 [2].

Core Viewpoint - Invesco is an independent investment management firm focused on enhancing the investment experience for individuals [1] Group 1 - Invesco offers expert investment views through its US Blog, encouraging individuals to stay informed [1] - The firm emphasizes the importance of reading the prospectus and considering investment objectives, risks, charges, and expenses before investing [1] - Invesco does not provide tax advice and highlights the complexity and variability of federal and state tax laws [1] Group 2 - The opinions expressed by Invesco's authors are based on current market conditions and may change without notice [1] - Invesco's investment advisory services are provided by affiliated investment advisers, and they do not sell securities [1] - Invesco Unit Investment Trusts are distributed by Invesco Capital Markets, Inc., and other broker-dealers [1]

Core Insights - The Invesco China Technology ETF (CQQQ) has performed well over the past year but lacks the consistent compounding growth seen in QQQ over a longer period [1] - CQQQ is sensitive to policy risks and has missed out on significant market changes [1] Company and Industry Analysis - The ETF's performance highlights the volatility and risks associated with investing in Chinese technology stocks, which are influenced by government policies [1] - The analysis emphasizes the importance of understanding macroeconomic trends and corporate earnings in evaluating investment opportunities within the technology sector [1]

Core Insights - The Invesco China Technology ETF (CQQQ) has performed well over the past year but lacks the consistent compounding growth seen in QQQ over a longer period [1] - CQQQ is sensitive to policy risks and has missed out on significant market changes that could drive growth [1] Company and Industry Analysis - The ETF's performance highlights the volatility and risks associated with investing in Chinese technology stocks, which are influenced by government policies [1] - The analysis emphasizes the importance of understanding macroeconomic trends and corporate earnings in evaluating investment opportunities within the technology sector [1]

Core Viewpoint - Invesco is an independent investment management firm focused on enhancing the investment experience for individuals [1] Group 1 - Invesco emphasizes the importance of understanding investment objectives, risks, charges, and expenses before making investment decisions [1] - The firm provides educational content but does not offer specific investment recommendations or tax advice [1] - Invesco's investment opinions are based on current market conditions and may change without notice [1] Group 2 - Invesco Distributors, Inc. serves as the US distributor for Invesco Ltd.'s retail products and collective trust funds [1] - Invesco Advisers, Inc. and other affiliated investment advisers provide advisory services without selling securities [1] - Invesco Unit Investment Trusts are distributed by Invesco Capital Markets, Inc. and other broker-dealers [1]

Core Insights - The Invesco Food & Beverage ETF (PBJ) and the iShares Global Consumer Staples ETF (KXI) cater to different investor needs based on their expense ratios, geographic focus, and performance metrics [1][2] Fund Structure and Costs - PBJ has a higher expense ratio of 0.61% compared to KXI's 0.39% [3] - KXI has a significantly larger asset under management (AUM) of $884.8 million versus PBJ's $94.1 million [3] - KXI offers a higher dividend yield of 2.30% compared to PBJ's 1.83% [3] Performance Metrics - KXI outperformed PBJ with a one-year return of 14.8% compared to PBJ's 1.0% [1][3] - Over five years, PBJ's maximum drawdown was -15.84%, while KXI's was -17.43% [5] - The growth of $1,000 over five years was $1,363 for PBJ and $1,322 for KXI [5] Portfolio Composition - KXI holds 96 global consumer staples stocks, primarily in consumer defensive sectors (97%), with major holdings including Walmart and Costco [6][7] - PBJ is more concentrated with just over 30 U.S.-listed stocks, focusing on food and beverage companies, with top positions like Corteva and Monster Beverage [7] Investment Considerations - Both ETFs have generated similar long-term returns, with KXI at 7.6% and PBJ at 7.4% annually over the last 20 years [8] - KXI may be more appealing for investors seeking growth and higher income, while PBJ may attract those looking for stability in U.S. food and beverage companies [10][11]

Core Insights - The FT Vest Nasdaq-100 Conservative Buffer ETF – July employs a defined-outcome framework utilizing OCC-cleared FLEX options on the Invesco QQQ Trust, focusing on a one-year outcome period that resets annually in July [1] Investment Strategy - The ETF's investment strategy includes purchasing puts to provide a 20% downside buffer while selling call spreads to finance protection and cap upside potential [1] - Remaining assets are allocated to U.S. Treasury and cash collateral to ensure liquidity and settlement [1] Portfolio Construction - Eligible instruments for the ETF are exchange-listed FLEX options, with strike prices and maturities selected to align with the outcome window and maintain near-full notional exposure [1] - The construction of the portfolio concentrates exposure in a limited number of contracts, with capacity considerations linked to the market depth of QQQ options [1] Rebalancing and Risk Management - Rebalancing occurs systematically at the annual reset, while intra-period activities are influenced by creations/redemptions, roll logistics, and risk management focused on liquidity, exposure drift, and adherence to outcome parameters [1]

Core Insights - The Invesco KBW Premium Yield Equity REIT ETF is attracting risk-tolerant investors due to its high yields amidst declining interest rates on fixed-income investments [1][2] Group 1: Yield and Distributions - The ETF has provided over $1.51 per share in monthly distributions over the past year, resulting in a yield of 9.1% based on a closing price of $16.61 [3] - The SEC 30-day yield stands at 7.72%, making it one of the highest-yielding non-mortgage real estate REITs [3] Group 2: Expense Ratio and Investment Focus - The ETF has a net expense ratio of 0.35%, which is relatively low but not the lowest in its category, where peers can have ratios as low as 0.07% [4] - The fund focuses on smaller, riskier REITs, diverging from typical real estate ETFs that invest in larger, more stable companies [6] Group 3: Top Holdings and Risks - The largest holding is Innovative Industrial Properties, which has faced tenant defaults and significant declines in value, shedding 25% over the past year and 73% over five years [7] - The second largest holding, Community Healthcare Trust, has an 11.1% yield but has seen profitability impacted by rising interest expenses, with a 14% decline over the past year and 64% over five years [8] Group 4: Performance Overview - The ETF has received a one-star rating from Morningstar over the past three, five, and ten years, indicating disappointing performance [9] - Shares are down 6% year-over-year and have fallen 21% over the past five years, despite recent gains in the current year [9]

Core Insights - The Vanguard Mega Cap Growth ETF (MGK) and the Invesco S&P 500 Equal Weight ETF (RSP) are both U.S. equity ETFs but differ significantly in their investment strategies, with MGK focusing on large growth stocks and RSP employing an equal-weighted approach across the S&P 500 [1][8] Cost and Size Comparison - MGK has a lower expense ratio of 0.07% compared to RSP's 0.20% - As of January 15, 2026, MGK's one-year return is 21.27%, while RSP's is 13.32% - MGK offers a dividend yield of 0.35%, whereas RSP provides a higher yield of 1.64% - MGK has assets under management (AUM) of $32 billion, while RSP has $76 billion [3][4] Performance and Risk Analysis - Over the past five years, MGK experienced a maximum drawdown of -36.02%, compared to RSP's -21.39% - A $1,000 investment in MGK would have grown to $2,034 over five years, while the same investment in RSP would have grown to $1,509 [4][11] Portfolio Composition - RSP tracks the S&P 500 Equal Weight Index, providing broad diversification with 504 holdings, and sector allocations of 16% technology, 15% industrials, and 14% financial services [5][6] - MGK allocates 56% of its assets to technology, 16% to communication services, and 12% to consumer cyclicals, with a concentration in a few large-cap stocks like Apple, Nvidia, and Microsoft, which together account for over one-third of its assets [7][9] Investment Implications - RSP is positioned as a more stable investment option with greater diversification and lower risk, while MGK, despite its higher volatility, has a history of outperforming RSP in total returns over both 12-month and five-year periods [10][11]

Core Insights - The Invesco QQQ Trust (QQQ) and Invesco S&P 500 Equal Weight ETF (RSP) are two prominent ETFs with distinct investment strategies, focusing on technology concentration versus equal weight across S&P 500 companies [4][5][6]. Group 1: Performance and Returns - Over the past year, QQQ achieved an approximately 24% return, significantly outperforming RSP's roughly 14% gain, primarily due to the strong performance of the tech sector [6]. - QQQ has approximately $412 billion in assets under management (AUM), while RSP has $78 billion, indicating QQQ's popularity as a tech-focused growth vehicle [6]. Group 2: Portfolio Construction - QQQ is heavily concentrated in megacap technology stocks, with over half of its portfolio in this sector, including top positions like Nvidia, Apple, and Microsoft, which together account for more than 23% of its assets [1][6]. - RSP, in contrast, holds around 505 stocks with a more balanced sector exposure, where Technology, Industrials, and Financial Services each represent 14%-16% of assets, ensuring no single stock dominates [2][7]. Group 3: Risk and Volatility - QQQ's concentrated exposure to technology stocks amplifies both gains and losses, leading to higher volatility compared to RSP, which spreads risk more evenly across its holdings [1][7]. - Both funds are characterized by low expense ratios, but RSP offers a notably higher dividend yield, appealing to income-focused investors [3][5]. Group 4: Investment Strategy - QQQ is suitable for investors seeking higher growth potential and who are comfortable with greater volatility and sector concentration [8]. - RSP provides broader diversification and a higher yield, making it more suitable for investors prioritizing income and risk reduction [8].