Invesco Canadian Dividend Index ETF

Invesco Canadian Dividend Index ETF (PDC.TO) Company Profile & Overview

The fund tracks an index of Canadian-listed companies from NASDAQ Canada Index who have increased their annual dividend payments for at least five consecutive years. Only certain securities are allowed for inclusion, those with voting rights in a company or limited partnership, common stocks and shares or units of beneficial interest, respectively. Index construction starts by ranking eligible securities by their annual dividend yield. From these, the top 60 companies are filtered by market cap, where the 45 largest companies are selected for inclusion in the index. The index also uses float adjusted market capitalization to weight each constituent, while capping each security at 8% of the funds value. Reconstitution is made annually and rebalancing is made quarterly.