Invesco International Dividend Achievers™ ETF

Invesco International Dividend Achievers ETF (PID) is an index fund that owns non-US companies that have raised their dividends for at least five straight years. It holds them mostly through shares that trade in the US. Two things set it apart. It leans heavily toward Canada, with about 40% of assets there as of July 31, 2026. Its 0.53% expense ratio is also above the 0.31% average of the similar funds compared here.

• Over the year to Oct 27, 2026, PID returned +6.9%, 5th of 5 among similar funds.
• Its 5-year annualized return was +7.6% and its 10-year +8.4%.
• In the 2020 COVID crash it fell 44.8% and regained its old high 11.1 months after the low.
• Its worst full calendar year was 2008 (-46.6%); its best was 2009 (+37.9%).
• The deepest fall in its price history was 66.4% (Oct 31, 2007 to Mar 9, 2009), recovered by Mar 5, 2014.

As of Jul 31, 2026, the fund held 62 securities; the ten largest made up 31.09% of assets. It also reported 13.97% in a money-market fund, most likely cash collateral from lending out shares rather than uninvested money.

• Over the three months to Jul 31, 2026, investors withdrew a net $16.3M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +1.18%, -2.79%, +4.64%.

PID tracks the Nasdaq International Dividend Achievers Index, which is run by Nasdaq, Inc. A company qualifies only if its total regular cash dividend has gone up every year for at least the last five years in a row. The index uses only securities you can trade in the US. Most are American Depositary Receipts (ADRs), which are certificates traded in the US that stand for shares of a foreign company. Others are non-US stocks and partnership units listed on the NYSE, Nasdaq, Cboe or NYSE American, plus certain London-listed receipts that also trade over the counter in the US. As of June 30, 2026, the index held 62 securities, with company values from $588 million to $2.5 trillion.

The fund uses "full replication." That means it generally owns every stock in the index, in the same proportions as the index. It must keep at least 80% of net assets in index stocks or similar investments. Because it follows the index, it won't sell a lagging stock unless the index drops it. Portfolio turnover was 55%.

As of July 31, 2026, the largest holdings were Itau Unibanco (4.3%), Telkom Indonesia (3.5%), Sanofi (3.1%), FinVolution Group (3.1%) and TELUS (3.0%). The top 10 made up 31% of the fund. If the index becomes heavy in one industry, the fund will be too. If a few holdings grow large, the fund could become "non-diversified" without a shareholder vote.

• PID charges 0.53% a year, versus an average of 0.31% for the similar funds below (5th of 5, cheapest first).
• Of that, 0.4% is the management fee; the rest covers other fund expenses.
• Using the prospectus's standard example, $10,000 invested would cost about $54 in the first year and $665 over 10 years (assuming a 5% annual return).

PID pays quarterly dividends from foreign companies with at least five years of dividend increases, and its trailing yield was 3.51% as of October 27, 2026.

PID could add dividend income from outside the US, with a large share coming from Canada. Its record in downturns is uneven. From October 2007 to March 2009 it fell 66.4%. Its worst calendar year was 2008, at −46.6%, and it didn't regain its old high until March 2014, about five years after the bottom. In the 2020 COVID crash it dropped 44.8% but recovered by February 2021. In 2022 it fell 23% from its April peak and took until March 2024 to recover. Anyone selling shares in those years would have sold at a loss. Companies can also cut dividends when times are hard. Costs add up too: 0.53% a year, or $665 over 10 years in the SEC's standard $10,000 example. Past results don't predict future returns, and a plan should look at the whole portfolio, not one fund.

Matched by closest holdings overlap from the latest N-PORT reports (no similar fund shares 20% or more of its holdings).