Invesco KBW Premium Yield Equity REIT ETF owns smaller and midsize U.S. property trusts with higher dividend yields. Tenant income reaches investors through those REITs, while vacancies, borrowing costs and property values affect the holdings.
Business
Real-estate securities ETF
Listing
KBWY · XNAS
Reporting period
2026-02-28
Dividend schedule
Monthly
How the business works
Dividends received from REIT holdings after ETF expenses become net investment income. The REITs' operating results and changing share prices affect net asset value separately.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Net investment income$0.59
Sep 1, 2025 to Feb 28, 2026
$0.00$0.59
Distribution yield8.49%Sourced distributions divided by dated market priceReported annual income yield4.41%Reported net investment income $0.7200 per share for 2024-09-01 to 2025-08-31, divided by approved 2025-08-29 market price $16.3400. Excludes capital gains; historical, not a current yield or forecast.Reported annual investment income$0.72Per share for 2025 FY. Excludes investment gains.Trailing 12-month distributions$1.49Recorded recurring payments per share, not a forecast
Dividend payment dates
Each announced payment is shown separately. Extra payments are not assumed to repeat.
Compare the share price with the value of the fund portfolio after liabilities. Each price is matched to a dated NAV; a different price date is shown in the label. Read NAV together with cash distributions.
Cash distributions and reported returns
Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.
NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.
How to read KBWY income
Dividends received after fund expenses help explain recurring income. Realized gains and return of capital are separate sources of distributions.
Watch dividend changes in the holdings and NAV over time. A high distribution rate does not guarantee stable capital.
Income and distributions
Income and cash distributions per share for the same dated periods. Shorter periods are kept separate and are not annualized. Dividends received after fund expenses help explain recurring income. Realized gains and return of capital are separate sources of distributions.
Fund net investment income per common share; actual reporting period, not annualized$0.5900
Total cash distributions in the same period$0.7500
$0.00$0.80
For the six months ended February 28, 2026, KBWY reported $0.59 of net investment income and $0.75 of distributions per share. Net asset value edged from $16.34 to $16.37. Income explained much of the ETF cash, but the underlying REITs' own dividend support still needs a separate look.
Portfolio interest and dividends, realized investment results and any derivative activity contribute to distribution resources after expenses. Taxable income and cash distributions can differ from reported net investment income.
The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.
Invesco KBW Premium Yield Equity REIT ETF reported $0.5900 per share for 2025-09-01 to 2026-02-28, measured as Fund net investment income per common share; actual reporting period, not annualized.
Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.
Income and capital are exposed to property-market weakness, smaller REIT financing and dividend cuts.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Payments can change and can include gains or return of capital. A high trailing yield does not establish earnings coverage or total return.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Compare the next like-length ETF income and cash paid with major REIT holdings' property income, borrowing costs, payment sources and net asset value.
Net asset value (NAV)
NAV per share$16.6662Sep 29, 2026Market price$16.6678Sep 29, 2026PREMIUM / DISCOUNT TO NAV0.01% premiumCalculated from the displayed same-date values.
NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.
Fund reported NAV and closing market price, both dated 2026-09-29. The premium or discount is calculated from these two reported values. Older audited NAV history remains unchanged.
Reported fund net investment income per share: $0.59 for 2025-09-01 to 2026-02-28; actual period, not annualized.
Trailing distribution screen: 8.49% on 2026-09-11.
Latest announced cash distribution in the checked history: $0.1199; usual frequency monthly.
What to watch next
Compare the next like-length ETF income and cash paid with major REIT holdings' property income, borrowing costs, payment sources and net asset value.
Fly High context
Compare the next like-length ETF income and cash paid with major REIT holdings' property income, borrowing costs, payment sources and net asset value.
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U.S. federal · Tax year 2025
Dividend tax treatment
The fund's 2025 distributions were mainly ordinary dividends. The mix can change from year to year.
This company information is a guide, not your personal tax statement. Use your Form 1099-DIV when you file.
Ordinary, nonqualified
100%
Qualified dividends
0%
Capital-gain distributions
0%
Return of capital
0%
Tax year: 2025. Total distributions: $1.51 per share.
Tax details and source
Total ordinary dividends (includes qualified)
100%
Section 199A portion (within ordinary dividends)
39.36%
Exempt-interest distributions
0%
Reporting form
Form 1099-DIV
Source date
2026-01-20
Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.
Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.
