DWIN - Invesco DWA Tactical Multi-Asset Income ETF

Fixed Income - International and Global Fixed Income

Product Details

The Invesco DWA Tactical Multi-Asset Income ETF (the "Fund") is based on the Dorsey Wright® Multi-Asset Income Index (Index). The Fund generally will invest at least 90% of its total assets in securities that comprise the Index. The Fund is a "fund of funds," meaning that it invests its assets in the shares of other, underlying exchange-traded funds eligible for inclusion in the Index, rather than in securities of individual companies. The Index is designed to select investments from a universe of income strategies with the criteria for inclusion based on a combination of relative strength and current yield. The Fund and the Index are evaluated monthly for potential rebalance and reconstitution.

as of 06/30/2019 06/30/2019

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
Dorsey Wright Multi Asset Income Index 8.87 5.44 2.72 N/A N/A 5.70
Bloomberg Barclays U.S. Aggregate Bond Index 6.11 7.87 2.31 2.95 3.90 3.17
S&P 500 Index 18.54 10.42 14.19 10.71 14.70 14.85
Dorsey Wright Multi Asset Income Index 8.87 5.44 2.72 N/A N/A 5.70
Bloomberg Barclays U.S. Aggregate Bond Index 6.11 7.87 2.31 2.95 3.90 3.17
S&P 500 Index 18.54 10.42 14.19 10.71 14.70 14.85
Fund History (%)
Fund NAV 9.01 5.55 2.60 N/A N/A 5.52
After Tax Held 7.94 3.11 0.55 N/A N/A 3.46
After Tax Sold 5.31 3.29 1.13 N/A N/A 3.39
Fund Market Price 8.96 5.59 2.57 N/A N/A 5.53
Fund NAV 9.01 5.55 2.60 N/A N/A 5.52
After Tax Held 7.94 3.11 0.55 N/A N/A 3.46
After Tax Sold 5.31 3.29 1.13 N/A N/A 3.39
Fund Market Price 8.96 5.59 2.57 N/A N/A 5.53

Underlying Index returns shown are total return.

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 06/30/2019

Growth of $10,000

Data beginning Fund inception and ending 06/30/2019. Fund performance shown at NAV.

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 07/15/2019 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
PCY Invesco Emerging Markets Sovereign Debt ETF 20.59
BAB Invesco Taxable Municipal Bond 20.37
PGX Invesco Preferred ETF 19.92
PGHY Invesco Global Short Term High Yield Bond ETF 19.64
BKLN Invesco Senior Loan ETF 19.48

Distributions | View All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
06/24/2019 06/25/2019 06/28/2019 0.10530 0.10530 - - -
05/20/2019 05/21/2019 05/31/2019 0.10580 0.10580 - - -
04/22/2019 04/23/2019 04/30/2019 0.10014 0.10014 - - -
03/18/2019 03/19/2019 03/29/2019 0.09562 0.09562 - - -
02/19/2019 02/20/2019 02/28/2019 0.09317 - - - -
01/22/2019 01/23/2019 01/31/2019 0.09943 0.09943 - - -
12/24/2018 12/26/2018 12/31/2018 0.34399 0.34399 - - -
11/19/2018 11/20/2018 11/30/2018 0.09642 0.09642 - - -
10/22/2018 10/23/2018 10/31/2018 0.09835 0.09835 - - -
09/24/2018 09/25/2018 09/28/2018 0.09814 0.09814 - - -
08/20/2018 08/21/2018 08/31/2018 0.11503 0.11503 - - -
07/23/2018 07/24/2018 07/31/2018 0.11623 0.11623 - - -
06/18/2018 06/19/2018 06/29/2018 0.10891 0.10891 - - -
05/21/2018 05/22/2018 05/31/2018 0.10846 0.10846 - - -
04/23/2018 04/24/2018 04/30/2018 0.11680 0.11680 - - -
03/19/2018 03/20/2018 03/29/2018 0.09708 0.09708 - - -
02/20/2018 02/21/2018 02/28/2018 0.09475 0.09475 - - -
01/22/2018 01/23/2018 01/31/2018 0.09282 0.09282 - - -
12/18/2017 12/19/2017 12/29/2017 0.09518 0.09518 - - -
11/20/2017 11/21/2017 11/30/2017 0.09752 0.09752 - - -
10/23/2017 10/24/2017 10/31/2017 0.10782 0.10782 - - -
09/18/2017 09/19/2017 09/29/2017 0.10146 0.10146 - - -
08/15/2017 08/17/2017 08/31/2017 0.09796 0.09796 - - -
07/14/2017 07/18/2017 07/31/2017 0.09919 0.09919 - - -
06/15/2017 06/19/2017 06/30/2017 0.09667 0.09667 - - -
05/15/2017 05/17/2017 05/31/2017 0.09477 0.09477 - - -
04/13/2017 04/18/2017 04/28/2017 0.09928 0.09928 - - -
03/15/2017 03/17/2017 03/31/2017 0.12724 0.12724 - - -
02/15/2017 02/17/2017 02/28/2017 0.10022 0.10022 - - -
01/13/2017 01/18/2017 01/31/2017 0.10144 0.10144 - - -
12/15/2016 12/19/2016 12/30/2016 0.11234 0.11234 - - -
11/15/2016 11/17/2016 11/30/2016 0.10805 0.10805 - - -
10/14/2016 10/18/2016 10/31/2016 0.12294 0.12294 - - -
09/15/2016 09/19/2016 09/30/2016 0.10731 0.10731 - - -
08/15/2016 08/17/2016 08/31/2016 0.10561 0.10561 - - -
07/15/2016 07/19/2016 07/29/2016 0.12427 0.12427 - - -
06/15/2016 06/17/2016 06/30/2016 0.11120 0.11120 - - -
05/13/2016 05/17/2016 05/31/2016 0.11401 0.11401 - - -
04/15/2016 04/19/2016 04/29/2016 0.09528 0.09528 - - -
03/15/2016 03/17/2016 03/31/2016 - - - - -

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%
03/31/2019 61 19 0 0 0 0 0
12/31/2018 63 16 0 0 0 0 0
09/30/2018 63 10 1 0 0 0 0
06/30/2018 64 4 0 0 0 0 0
Year Ended 2018 251 41 1 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%
03/31/2019 61 42 0 0 0 0 0
12/31/2018 63 44 3 0 0 0 0
09/30/2018 63 52 0 0 0 0 0
06/30/2018 64 60 0 0 0 0 0
Year Ended 2018 251 206 3 0 0 0 0

Fund Inception: 03/10/2016

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

Barclays U.S. Aggregate Index is an unmanaged index considered representative of the US investment grade market.

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 is subject to the risks of the underlying funds. Market fluctuations may change the target weightings in the underlying funds and certain factors may cause the Fund to withdraw its investments therein at a disadvantageous time.

The Fund will indirectly pay a proportional share of the expenses of the underlying ETFs in which it invests (including operating expenses and management fees), in addition to the fees and expenses it already will pay to the Adviser.

An issuer may be unable to meet interest and/or principal payments, thereby causing its instruments to decrease in value and lowering the issuer’s credit rating.
Interest rate risk refers to the risk that bond prices generally fall as interest rates rise and vice versa.

The values of junk bonds fluctuate more than those of high quality bonds and can decline significantly over short time periods.

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

Most MLPs operate in the energy sector and are subject to risks relating to commodity pricing, supply and demand, depletion and exploration. MLPs are also subject the risk that regulatory or legislative changes could eliminate the tax benefits enjoyed by MLPs which could have a negative impact on the after-tax income available for distribution by the MLPs and/or the value of the portfolio's investments.

Preferred securities may be less liquid than many other securities, and in certain circumstances, an issuer of preferred securities may redeem the securities prior to a specified date.

The Fund is non-diversified and may experience greater volatility than a more diversified investment.

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

Obligations issued by US Government agencies and instrumentalities may receive varying levels of support from the government, which could affect the fund’s ability to recover should they default.

The Fund will invest in bonds with short- or intermediate-term (five years or less) maturity which may have additional risks, including interest rate changes over the life of the bond. The average maturity of the Fund's investments will affect the volatility of the Fund's share price.

The Fund may hold illiquid securities that it may be unable to sell at the preferred time or price and could lose its entire investment in such securities.

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.

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

as of 07/15/2019
2:47 PM EST

DWIN
Intraday Stats

  • Last Trade $25.52
  • Current IIV $25.50
  • Change $0.05
  • % Change 0.20%
as of 07/15/2019
  • NAV at market close $25.50

as of 07/15/2019

Fund Yield

  • SEC 30 Day Yield 4.66%
  • Distribution Rate 4.96%
  • 12 Month Distribution Rate 5.76%
  • 30-Day SEC Unsubsidized Yield
    as of 07/15/2019
    4.66%
as of 07/15/2019

Prior Close

  • Closing Price $25.47
  • Bid/Ask Midpoint $25.53
  • Bid/Ask Prem/Disc $0.03
  • Bid/Ask Prem/Disc 0.12%

Fund Details

  • Fund Ticker DWIN
  • CUSIP # 46138E834
  • ISIN US46138E8342
  • Intraday NAV DWINIV
  • Index Ticker DWAMAIT
  • Index Provider Dorsey, Wright & Associates, LLC
  • Management Fee 0.25%
  • Acquired Fund Fees & Expenses 0.36%
  • Total Expense Ratio 0.61%
  • Marginable Yes
  • Short Selling Yes
  • Options No
  • Exchange NASDAQ
  • Inception Date 03/10/2016
  • # of Holdings 5
    as of 07/15/2019
as of 07/15/2019

Quick Facts

  • Previous Close $25.47
  • Open $25.47
  • Today's High $25.52
  • Today's Low $25.47
  • Today's Volume 3,471
  • 6,707 30-Day Avg Trading
    Volume
  • 52 Week High $25.74
  • 52 Week Low $23.51
  • Shares Outstanding 1.55MM
  • Market Value $39.5MM