Exchange-Traded Funds

DWAQ - Invesco DWA NASDAQ Momentum ETF

Equity - US Equity

Product Details

The Invesco DWA NASDAQ Momentum ETF (Fund) is based on the Dorsey Wright® NASDAQ Technical Leaders Index (DWA NASDAQ Technical Leaders Index). The Fund will normally invest at least 90% of its total assets in the securities that comprise the Index. The Index is comprised of approximately 100 securities from an eligible universe of approximately 1,000 securities of large capitalization companies from the NASDAQ US Benchmark Index. All securities in the universe are ranked using a proprietary relative strength (momentum) measure. Each security's score is based on intermediate and long-term price movements relative to a representative market benchmark and the other eligible securities. The top 100 securities are selected for the Index. Relative strength is the measurement of a security's performance in a given universe over time as compared to the performance of all other securities in that universe. The Fund and the Index are rebalanced and reconstituted quarterly.

as of 11/30/2018 09/30/2018

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
Dorsey Wright NASDAQ Technical Leaders Index 15.06 20.07 17.98 13.10 N/A N/A
NASDAQ Composite Index 17.48 25.17 21.70 17.72 15.72 12.72
Dorsey Wright NASDAQ Technical Leaders Index -2.84 -3.63 9.70 7.82 N/A N/A
NASDAQ Composite Index 7.24 7.75 14.08 13.84 18.25 11.92
Fund History (%)
Fund NAV 14.51 19.32 17.23 13.43 10.83 9.79
After Tax Held 14.51 19.27 17.19 13.40 10.78 9.76
After Tax Sold 8.59 11.44 13.57 10.77 8.99 8.36
Fund Market Price 14.38 19.34 17.22 13.44 10.76 9.78
Fund NAV -3.43 -4.30 8.98 7.91 11.81 8.49
After Tax Held -3.43 -4.30 8.95 7.89 11.76 8.46
After Tax Sold -2.03 -2.52 6.97 6.23 9.87 7.19
Fund Market Price -3.72 -4.58 8.88 7.87 11.80 8.47

Market returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Performance data quoted represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than performance data quoted. After-tax returns reflect the highest federal income tax rate but exclude state and local taxes. Fund performance reflects applicable fee waivers, absent which, performance data quoted would have been lower. After Tax Held and After Tax Sold are based on NAV. Returns less than one year are cumulative.

as of 09/30/2018

Growth of $10,000

Data beginning 10 years prior to the ending date of 09/30/2018. Fund performance shown at NAV.

Dorsey Wright NASDAQ Technical Leaders Index* performance prior to Feb. 19, 2014 reflects that of the original Underlying Index Dynamic OTC Intellidex Index. From Feb. 19, 2014, forward, the Index performance reflects that of the Underlying Index Dorsey Wright NASDAQ Technical Leaders Index AND IS NOT INTENDED FOR ANY THIRD PARTY USE.

An investor cannot invest directly in an index. The results assume that no cash was added to or assets withdrawn from the Index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.

as of 12/14/2018

Sector Allocation

as of 12/13/2018

Market Cap & Style Allocations

Large-Cap Value -
Large-Cap Blend 2.99%
Large-Cap Growth 13.15%
Mid-Cap Value -
Mid-Cap Blend -
Mid-Cap Growth 26.87%
Small-Cap Value 5.23%
Small-Cap Blend 17.05%
Small-Cap Growth 34.71%

as of 12/14/2018 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
ECYT Endocyte Inc 4.00
CDNA CareDx Inc 3.84
AAPL Apple Inc 2.86
TNDM Tandem Diabetes Care Inc 2.82
ABMD ABIOMED Inc 2.57
MRTX Mirati Therapeutics Inc 2.34
CACC Credit Acceptance Corp 2.26
ARWR Arrowhead Pharmaceuticals Inc 2.18
EXAS Exact Sciences Corp 2.14
AMZN Amazon.com Inc 2.08

Distributions | View All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
12/18/2017 12/19/2017 12/29/2017 0.10518 0.10518 - - -
06/16/2017 06/20/2017 06/30/2017 - - - - -
12/16/2016 12/20/2016 12/30/2016 - - - - -
09/16/2016 09/20/2016 09/30/2016 0.01218 0.01218 - - -
06/17/2016 06/21/2016 06/30/2016 0.11770 0.11770 - - -
03/18/2016 03/22/2016 03/31/2016 - - - - -
12/18/2015 12/22/2015 12/31/2015 - - - - -
09/18/2015 09/22/2015 09/30/2015 - - - - -
06/19/2015 06/23/2015 06/30/2015 0.05519 0.05519 - - -
03/20/2015 03/24/2015 03/31/2015 - - - - -
12/20/2013 12/24/2013 12/31/2013 0.08196 0.08196 - - -
09/20/2013 09/24/2013 09/30/2013 0.08801 0.08801 - - -
06/21/2013 06/25/2013 06/28/2013 0.09746 0.09746 - - -
03/15/2013 03/19/2013 03/28/2013 0.00000 0.00000 - - -
12/21/2012 12/26/2012 12/31/2012 0.63338 0.63338 - - -
09/21/2012 09/25/2012 09/28/2012 0.06956 0.06956 - - -
06/15/2012 06/19/2012 06/29/2012 0.10296 0.10296 - - -
03/16/2012 03/20/2012 03/30/2012 0.00000 0.00000 - - -
12/16/2011 12/20/2011 12/30/2011 0.03533 0.03533 - - -
12/17/2010 12/21/2010 12/31/2010 0.09807 0.09807 - - -
09/17/2010 09/21/2010 09/30/2010 0.01329 0.01329 - - -
09/18/2009 09/22/2009 09/30/2009 0.00384 0.00384 - - -
06/19/2009 06/23/2009 06/30/2009 0.04762 0.04762 - - -
12/21/2007 12/26/2007 12/31/2007 0.05711 0.05711 - - -
09/16/2005 09/20/2005 09/30/2005 0.05663 0.05663 - - -

Frequency Distribution of Discounts & Premiums

    Bid/Ask MidPoint Above NAV
Quarter
Ending
Days 0.00-
0.25%
0.26-
0.50%
0.51-
0.99%
1.00-
1.49%
1.50-
1.99%
≥2.00%
09/30/2018 63 13 0 0 0 0 0
06/30/2018 64 31 0 0 0 0 0
03/31/2018 61 29 2 0 0 0 0
12/31/2017 63 37 0 0 0 0 0
Year Ended 2017 251 46 0 0 0 0 0
    Bid/Ask Midpoint Below NAV
Quarter
Ending
Days 0.00-
0.25%
0.26-
0.50%
0.51-
0.99%
1.00-
1.49%
1.50-
1.99%
≥2.00%
09/30/2018 63 50 0 0 0 0 0
06/30/2018 64 32 1 0 0 0 0
03/31/2018 61 30 0 0 0 0 0
12/31/2017 63 26 0 0 0 0 0
Year Ended 2017 251 205 0 0 0 0 0

Fund Inception: 05/01/2003

Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Performance data quoted represents past performance, which is not a guarantee of future results.


 Risk & Other Information

Typically, security classifications used in calculating allocation tables are as of the last trading day of the previous month.

There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Underlying Index. The Fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund.

The fund may engage in frequent trading of its portfolio securities in connection with the rebalancing or adjustment of the Underlying Index.

Momentum style of investing is subject to the risk that the securities may be more volatile than the market as a whole or returns on securities that have previously exhibited price momentum are less than returns on other styles of investing.

Investments focused in a particular sector, such as information technology, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

The risks of investing in securities of foreign issuers can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues.

The NASDAQ Composite Index measures all NASDAQ domestic and international-based common stocks listed on The Nasdaq Stock Market. The Dynamic OTC Intellidex Index seeks to identify and select companies from The NASDAQ Stock Market LLC with superior risk-return profiles. The NASDAQ US Benchmark Index is a float-adjusted market-cap-weighted index designed to track the performance of securities to the United States.

The Global Industry Classification Standard was developed by and is the exclusive property and a service mark of MSCI, Inc. and Standard & Poor's.

There is no relationship between Dorsey, Wright & Associates, LLC ("Dorsey Wright") and Invesco other than a license by Dorsey Wright to Invesco of certain Dorsey Wright trademarks, tradenames, investment models, and indexes (the "DWA IP"). DWA IP has been created and developed by Dorsey Wright without regard to and independently of Invesco, and/or any prospective investor. The licensing of any DWA IP is not an offer to purchase or sell, or a solicitation of an offer to buy any securities. A determination that any portion of an investor's portfolio should be devoted to any ETF product developed by Invesco or investment model developed by Dorsey Wright is a determination made solely by the investment advisor serving the investor or the investor himself, not Dorsey Wright.

Beta is a measure of risk representing how a security is expected to respond to general market movements. Smart Beta represents an alternative and selection index based methodology that seeks to outperform a benchmark or reduce portfolio risk, or both. Smart beta funds may underperform cap-weighted benchmarks and increase portfolio risk.

as of 12/14/2018
1:11 PM EST

DWAQ
Intraday Stats

  • Last Trade $92.33
  • Current IIV $72.17
  • Change -$0.89
  • % Change -0.96%
as of 12/14/2018
  • NAV at market close $91.65

as of 12/14/2018

Fund Yield

  • SEC 30 Day Yield -0.43%
  • 12 Month Distribution Rate 0.11%
  • 30-Day SEC Unsubsidized Yield
    as of 12/13/2018
    -0.52%
as of 12/14/2018

Prior Close

  • Closing Price $93.22
  • Bid/Ask Midpoint $93.46
  • Bid/Ask Prem/Disc $1.81
  • Bid/Ask Prem/Disc 1.97%
as of 06/30/2018

Fund Characteristics

  • Price/Earnings Ratio1 29.76
  • Price/Book Ratio1 5.03
  • ROE2 1.76%
  • Avg Market Cap2 $79,905MM

1 Weighted Harmonic Average

2 Weighted Average

Fund Details

  • Fund Ticker DWAQ
  • CUSIP # 46137V829
  • ISIN US46137V8292
  • Intraday NAV DWAQIV
  • Index Ticker DWANQTLT
  • Index Provider Dorsey Wright & Associates, LLC
  • Management Fee 0.50%
  • Total Expense Ratio 0.82%
  • Fee Waiver 0.22%
  • Net Expense Ratio 0.60%
  • Marginable Yes
  • Short Selling Yes
  • Options No
  • Exchange NASDAQ
  • Inception Date 05/01/2003
  • # of Holdings 100
    as of 12/14/2018
as of 12/14/2018

Quick Facts

  • Previous Close $93.22
  • Open $92.33
  • Today's High $92.33
  • Today's Low $92.33
  • Today's Volume 403
  • 2,417 30-Day Avg Trading
    Volume
  • 52 Week High $118.73
  • 52 Week Low $89.79
  • Shares Outstanding .40MM
  • Market Value $36.7MM