PPA is a Sector & Thematic ETF from Invesco holding 60 positions as of Apr 30, 2026, with $8.7B in assets and a 0.58% net expense ratio. Its largest positions are BA (9.1%), GE (7.9%) and RTX (7.2%); the top 10 holdings account for 55.7% of the portfolio. By sector it leans Industrials (92.8%) and Information Technology (7.4%). It yields 0.35% on a trailing-12-month basis.
- Issuer
- Invesco
- Holdings
- 606.9% cash, collateral & derivative positions excluded
- Net Assets
- $8.7BETF assets as of 2026-08-10
- Expense Ratio
- 0.58%per latest SEC prospectus filing
- TTM Yield
- 0.35%trailing 12-month distributions
Performance
- 1M
- +2.8%
- YTD
- +17.5%
- 1Y
- +25.3%
- 3Y (ann.)
- +29.8%
- 5Y (ann.)
- +20.7%
- 10Y (ann.)
- +17.8%
A $10,000 investment 10 years ago would be worth $51,240 today at the 10Y annualized rate. This is a backward-looking illustration, not a forecast. Project its future growth →
Total returns including dividends as of 2026-08-07. 3Y/5Y/10Y annualized. Past performance does not predict future results.
Sector Breakdown
| Industrials | 92.8% |
|---|---|
| Information Technology | 7.4% |
| Communication Services | 0.1% |
| Other Sectors | 0.0% |
Top 25 Holdings
| # | Holding | Weight |
|---|---|---|
| 1 |  BABoeing Co. (The) | 9.14% |
| 2 |  GEGeneral Electric Co. | 7.87% |
| 3 |  RTXRTX Corp. | 7.15% |
| 4 |  LMTLockheed Martin Corp. | 6.41% |
| 5 |  GDGeneral Dynamics Corp. | 4.54% |
| 6 |  NOCNorthrop Grumman Corp. | 4.47% |
| 7 |  HONHoneywell International Inc. | 4.40% |
| 8 |  HWMHowmet Aerospace Inc. | 4.19% |
| 9 |  LHXL3Harris Technologies, Inc. | 3.77% |
| 10 |  PHParker-Hannifin Corp. | 3.75% |
| 11 |  ESLTIL-SElbit Systems Ltd. | 3.59% |
| 12 |  RKLBRocket Lab Corp. | 2.78% |
| 13 |  TDGTransDigm Group Inc. | 2.63% |
| 14 |  ETNEaton Corp. PLC | 2.36% |
| 15 |  APHAmphenol Corp., Class A | 2.34% |
| 16 |  CWCurtiss-Wright Corp. | 1.73% |
| 17 |  AXONAxon Enterprise, Inc. | 1.68% |
| 18 |  ATIATI Inc. | 1.36% |
| 19 |  CRSCarpenter Technology Corp. | 1.36% |
| 20 |  WWDWoodward, Inc. | 1.29% |
| 21 |  HIIHuntington Ingalls Industries, Inc. | 1.26% |
| 22 |  HEIHEICO Corp. | 1.24% |
| 23 |  PLTRPalantir Technologies Inc., Class A | 1.23% |
| 24 |  TXTTextron Inc. | 1.23% |
| 25 |  BWXTBWX Technologies, Inc. | 1.22% |
Showing the top 25 of 60 holdings. See the full PPA holdings list →
PPA alternatives
The closest Sector & Thematic ETFs to PPA by portfolio overlap — the share of weight both funds hold in the same securities.
| Fund | Overlap | Expense | Assets | |
|---|---|---|---|---|
 ITAiShares U.S. Aerospace & Defense ETF | 68% | 0.38%cheaper | $14.8B | Compare → |
 XARState Street® SPDR® S&P® Aerospace & Defense ETF | 47% | 0.35%cheaper | $6.4B | Compare → |
 SHLDGlobal X Defense Tech ETF | 39% | 0.5%cheaper | $7.6B | Compare → |
 XLIState Street® Industrial Select Sector SPDR® ETF | 30% | 0.08%cheaper | $34.2B | Compare → |
 VISVanguard Industrials Index Fund | 29% | 0.09%cheaper | $8.5B | Compare → |
| 28% | 0.08%cheaper | $2.3B | Compare → | |
 IYJiShares U.S. Industrials ETF | 25% | 0.38%cheaper | $2.0B | Compare → |
 AIRRFirst Trust RBA American Industrial Renaissance ETF | 6% | 0.69%pricier | $10.7B | Compare → |
Frequently Asked Questions
What is PPA's expense ratio?
PPA has a net expense ratio of 0.58%, per its latest SEC prospectus filing. That works out to about $58 a year on a $10,000 investment.
How many holdings does PPA have?
PPA held 60 positions as of Apr 30, 2026, per its latest official holdings data. Cash, collateral and derivative positions (6.9% of portfolio weight) are excluded from that count.
What are PPA's top 10 holdings?
PPA's largest positions are BA (9.1%), GE (7.9%), RTX (7.2%), LMT (6.4%), GD (4.5%), NOC (4.5%), HON (4.4%), HWM (4.2%), LHX (3.8%), PH (3.8%). Together they account for 55.7% of the portfolio.
What is PPA's dividend yield?
PPA yields 0.35% based on its trailing 12-month distributions, as of Aug 7, 2026.
How big is PPA?
PPA has $8.7B in assets as of Aug 10, 2026.
What are good alternatives to PPA?
By portfolio overlap, the closest Sector & Thematic ETFs to PPA are ITA (68% overlap), XAR (47% overlap), SHLD (39% overlap). Overlap measures the share of portfolio weight both funds hold in the same securities.