LVL ETF — Holdings & Analysis

As of 2026-03-15, LVL presents a dividend yield of 3.41%. Investors should note that LVL is non-diversified, meaning it invests its assets more heavily in a smaller number of companies than a diversified fund. Past performance does not guarantee future results.

Invesco S&P Global Dividend Opportunities Index ETF (LVL) ETF — Price, Holdings & Analysis

The Invesco S&P Global Dividend Opportunities Index ETF (LVL) seeks to replicate the S&P Global Dividend Opportunities Index, focusing on 100 high-dividend-yielding common stocks globally. LVL offers exposure to international equities with a dividend focus. As of 2026-03-15, LVL presents a dividend yield of 3.41%. Investors should note that LVL is non-diversified, meaning it invests its assets more heavily in a smaller number of companies than a diversified fund. Past performance does not guarantee future results.

ETF Overview

The investment seeks to track investment results (before fees and expenses) of the S&P Global Dividend Opportunities Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index, as well as American depositary receipts ("ADRs") and global depositary receipts ("GDRs") that represent securities in the underlying index. The underlying index seeks to measure the performance of 100 common stocks that offer high dividend yields and are listed on the exchanges of the countries included in the S&P Global Broad Market Index ("S&P Global BMI"). The fund is non-diversified.

LVL aims to mirror the performance of the S&P Global Dividend Opportunities Index, selecting 100 common stocks with high dividend yields from exchanges within the S&P Global Broad Market Index. This ETF is designed for investors seeking income from international equities. LVL invests at least 90% of its assets in securities comprising the underlying index, including American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs). The fund's top holdings include Elisa Oyj Class A (2.76%), Legal & General Group PLC (2.65%), and Swisscom AG (2.62%). Sector allocation is heavily weighted towards Financial Services (21.3%), Communication Services (16.6%), and Industrials (13.7%). LVL is non-diversified, which means that its performance is closely tied to the performance of its top holdings and the sectors in which it is most heavily invested. Past performance does not guarantee future results.

Risk Metrics

LVL's non-diversified status introduces concentration risk, as its performance relies heavily on a relatively small number of holdings. The fund's sector allocation also presents a risk, with significant exposure to Financial Services (21.3%) and Communication Services (16.6%); downturns in these sectors could disproportionately affect LVL's returns. With a beta of 0.66, LVL has historically demonstrated lower volatility than the broader market. The fund's expense ratio will also create a drag on performance over time. Investors should carefully consider their risk tolerance and investment objectives before investing in LVL. Past performance does not guarantee future results.

What does LVL hold?

Holding	Weight
Elisa Oyj Class A (ELISA)	2.76%
Legal & General Group PLC (LGEN.L)	2.65%
Swisscom AG (SCMN)	2.62%
TELUS Corp (T.TO)	2.58%
Orange SA (ORA.PA)	2.54%
Total SA (FP.PA)	2.54%
Eni SpA (ENI.MI)	2.52%
Pembina Pipeline Corp (PPL.TO)	2.49%
Swiss Re AG (SREN)	2.36%
Verizon Communications Inc (VZ)	2.35%

How Is the Fund Allocated?

Sector	Weight
Financial Services	21.3%
Communication Services	16.6%
Industrials	13.7%
Real Estate	12.7%
Energy	9.4%
Healthcare	7.0%
Utilities	6.4%
Consumer Cyclical	6.3%
Consumer Defensive	6.2%
Basic Materials	0.3%

Dividend Yield

3.41%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio

Invesco QQQ Trust, Series 1 (QQQ) (Equity) — 0.18% expense ratio
Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) (Equity) — 0.47% expense ratio
Invesco ESG S&P 500 Equal Weight ETF (RSPE) (Equity) — 0.20% expense ratio
Invesco Taxable Municipal Bond ETF (BAB) (Fixed Income) — 0.28% expense ratio
Invesco Dividend Achievers ETF (PFM) (Equity) — 0.52% expense ratio
Invesco Russell 2000 Dynamic Multifactor ETF (OMFS) (Equity) — 0.39% expense ratio

Risk Metrics

Beta: 0.66

Questions & Answers

What is LVL and what does it track?

The Invesco S&P Global Dividend Opportunities Index ETF (LVL) is an exchange-traded fund that aims to replicate the performance of the S&P Global Dividend Opportunities Index.

This index is composed of 100 common stocks listed on global exchanges that exhibit high dividend yields.

What is the expense ratio for LVL?

While the expense ratio for LVL is not provided, it's an important factor to consider. The expense ratio represents the annual cost of operating the fund, expressed as a percentage of the fund's assets.

A lower expense ratio means more of the fund's returns are passed on to investors. When evaluating LVL, compare its expense ratio to similar global equity ETFs to assess its cost-effectiveness.

What are the top holdings in LVL?

LVL's top holdings reflect its strategy of investing in high-dividend-yielding global stocks.

As of 2026-03-15, the top five holdings include Elisa Oyj Class A, with a weight of 2.76%, Legal & General Group PLC at 2.65%, Swisscom AG at 2.62%, TELUS Corp at 2.58%, and Orange SA at 2.54%.

Is LVL a good long-term investment?

Whether LVL is a suitable long-term investment depends on an individual's investment goals, risk tolerance, and time horizon. LVL offers exposure to global dividend-paying stocks, which can provide a steady stream of income.

However, the fund's non-diversified nature and sector concentrations introduce specific risks.

How does LVL compare to similar ETFs?

When comparing LVL to similar ETFs, it's crucial to analyze several factors. Key considerations include the expense ratio, assets under management (AUM), and the underlying index methodology.

ETFs tracking similar global dividend strategies may have different screening criteria for dividend yield and sustainability. Examining the sector allocations and top holdings of competing ETFs can also reveal differences in investment focus.

Does LVL pay dividends?

Yes, LVL is designed to provide investors with dividend income. As of 2026-03-15, LVL has a dividend yield of 3.41%.

This means that for every $100 invested in LVL, investors can expect to receive $3.41 in dividend payments annually, before fees and taxes. The actual dividend payments may vary depending on the performance of the underlying stocks and the fund's distribution policy.