Invesco High Yield Equity Dividend Achievers ETF

PEY

Market cap $1.04B

Peyto Exploration & Development Corp. ( PEY:CA ) Q3 2025 Earnings Call November 14, 2025 11:00 AM EST Company Participants Jean-Paul Lachance - CEO, President & Director Todd Burdick - Vice President of Production Riley Frame - COO & VP of Engineering Tavis Carlson - VP & CFO Conference Call Participants Laique Ahmad Amir Arif - ATB Capital Markets Inc., Research Division Michael Beall - Davenport & Company LLC Presentation Operator Thank you for standing by, and welcome to Peyto's Third Quarter 2025 Earnings Conference Call. [Operator Instructions] I would now like to hand the call over to President and CEO, JP Lachance.

Dividend-paying companies have rewarded investors more than non-dividend payers over the long term. Dividend growth is a key factor in the success of dividend stocks.

Vanguard High Dividend Yield ETF takes a simple approach when creating its high-yield stock portfolio. Invesco High Yield Equity Dividend Achievers ETF mixes two high-yield approaches in one product.

Most investors should focus the bulk of their efforts on finding and buying well-run companies. Sometimes, even well-run companies run into short-term problems.

The Invesco High Yield Equity Dividend Achievers ETF (PEY) was launched on 12/09/2004, and is a smart beta exchange traded fund designed to offer broad exposure to the Style Box - All Cap Value category of the market.

The Invesco High Yield Equity Dividend Achievers ETF offers a relatively higher yield (4.97%) by tracking the NASDAQ U.S. Dividend Achievers 50 Index. PEY's portfolio is heavily weighted toward utilities and financials, with top holdings often facing business challenges that drive yields higher via falling share prices. While PEY underperforms tech-heavy peers like PFM, it matches or outperforms other value-oriented dividend ETFs such as SCHD and SPHD over recent years.

Invesco High Yield Equity Dividend Achievers ETF is rated Hold due to high volatility and underperformance versus market benchmarks like VTI. PEY offers a high 4.54% dividend yield, but its yield-weighted strategy leads to sector concentration and higher risk without superior returns. The ETF's high expense ratio (0.53%) and significant portfolio turnover (58%) erode returns, making it less attractive for stable income seekers.

Making its debut on 12/09/2004, smart beta exchange traded fund Invesco High Yield Equity Dividend Achievers ETF (PEY) provides investors broad exposure to the Style Box - All Cap Value category of the market.

Peyto Exploration & Development Corp. (OTCPK:PEYUF) Q2 2025 Earnings Conference Call August 13, 2025 11:00 AM ET Company Participants Jean-Paul H. Lachance - CEO, President & Director Mike Rees - Corporate Participant Riley Millar Frame - COO & VP of Engineering Todd Burdick - Vice President of Production Conference Call Participants Christopher Thompson - CIBC Capital Markets, Research Division Operator Hello, and welcome to Peyto's Second Quarter 2025 Financial Results Conference Call.

Picking individual stocks takes a lot of work, and for all of that effort, you still may underperform the stock market.