Equity | International and Global Equity

Invesco Dorsey Wright Emerging Markets Momentum ETF

Ticker: PIE

Product Details

The Invesco Dorsey Wright Emerging Markets Momentum ETF (Fund) is based on the Dorsey Wright® Emerging Markets Technical Leaders Index (Index). The Fund will generally invest at least 90% of its total assets in securities of emerging economies within Dorsey Wright & Associates' classification definition, as well as American depositary receipts (ADRs) and global depositary receipts (GDRs) based on securities in the Index. The Index includes approximately 100 companies from the Nasdaq Emerging Markets Index that possess powerful relative strength characteristics and are domiciled in emerging market countries including, but not limited to Brazil, Chile, China, India, Indonesia, Philippines, South Africa, Thailand and Turkey. The Index excludes US companies listed on a US stock exchange. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are rebalanced and reconstituted quarterly.

Effective after the close of markets on Aug. 25, 2023, the Fund’s name will change from Invesco DWA Emerging Markets Momentum ETF to Invesco Dorsey Wright Emerging Markets Momentum ETF. No other changes were made to the Fund. See the prospectus for more information.

as of 03/31/2024 03/31/2024

Performance

Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Dorsey Wright Emerging Markets Technical Leaders Index 6.35 17.61 -0.14 8.21 5.14 2.81
MSCI Emerging Markets Index 2.37 8.15 -5.05 2.22 2.95 1.32
Fund History (%)
Fund NAV 5.79 15.67 -2.07 6.49 3.53 0.28
After Tax Held 5.74 15.16 -2.53 6.00 3.23 0.09
After Tax Sold 3.43 9.84 -1.50 5.09 2.86 0.29
Fund Market Price 6.08 15.42 -2.28 6.52 3.54 0.22
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Dorsey Wright Emerging Markets Technical Leaders Index 6.35 17.61 -0.14 8.21 5.14 2.81
MSCI Emerging Markets Index 2.37 8.15 -5.05 2.22 2.95 1.32
Fund History (%)
Fund NAV 5.79 15.67 -2.07 6.49 3.53 0.28
After Tax Held 5.74 15.16 -2.53 6.00 3.23 0.09
After Tax Sold 3.43 9.84 -1.50 5.09 2.86 0.29
Fund Market Price 6.08 15.42 -2.28 6.52 3.54 0.22

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 03/31/2024

Growth of $10,000

Data beginning 10 years prior to the ending date of 03/31/2024. 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 04/15/2024

Sector Allocation

Sector Percent of Fund
Industrials 23.44%
Information Technology 22.76%
Financials 14.36%
Materials 10.90%
Consumer Staples 9.75%
Consumer Discretionary 8.35%
Energy 6.03%
Utilities 1.92%
Real Estate 1.21%
Health Care 0.80%
Communication Services 0.52%
as of 04/15/2024

Top Country Allocation

Country Percentage
Taiwan 51.08%
Mexico 11.61%
Turkey 11.05%
China 9.02%
Malaysia 5.90%
Brazil 3.99%
South Africa 3.09%
Indonesia 2.90%
Philippines 0.56%
Hungary 0.52%
as of 04/12/2024

Market Cap & Style Allocations

Large-Cap Value 5.09%
Large-Cap Blend 15.81%
Large-Cap Growth 19.89%
Mid-Cap Value 7.30%
Mid-Cap Blend 25.32%
Mid-Cap Growth 20.30%
Small-Cap Value 0.51%
Small-Cap Blend 1.22%
Small-Cap Growth 4.57%

Quality Allocations as of 04/15/2024

S&P Moody's
AA : 0% Aa : 1%

as of 04/15/2024 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
1519 TT Fortune Electric Co Ltd 3.34
5434 TT Topco Scientific Co Ltd 3.04
FRCB Frontken Corp Bhd 2.93
3017 TT Asia Vital Components Co Ltd 2.93
6139 TT L&K Engineering Co Ltd 2.61
2330 TT Taiwan Semiconductor Manufacturing Co Ltd 2.53
1773 TT Shiny Chemical Industrial Co Ltd 2.42
8112 TT Supreme Electronics Co Ltd 2.24
PRIO3 PRIO SA/Brazil 2.21
1503 TT Shihlin Electric & Engineering Corp 2.19
The characterizations of distributions reflected in this table are as of the date noted below. The actual amounts of income, capital gains and return of capital for tax purposes are only determined after the Fund’s fiscal year end, and may differ from the amounts and characterizations reflected in the chart below. Please refer to the Tax Center for the most current and/or final characterizations of these distributions, including any distributions characterized as return of capital.

Distributions | Hide View All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital Liquidation Distribution
03/18/2024 03/19/2024 03/22/2024 0.02675 0.02675 - - - -
12/18/2023 12/19/2023 12/22/2023 0.05816 0.05816 - - - -
09/18/2023 09/19/2023 09/22/2023 0.28862 0.28862 - - - -
06/20/2023 06/21/2023 06/23/2023 0.10272 0.10272 - - - -
03/20/2023 03/21/2023 03/24/2023 0.06042 0.06042 - - - -
12/19/2022 12/20/2022 12/23/2022 0.05073 0.05073 - - - -
09/19/2022 09/20/2022 09/23/2022 0.33962 0.33962 - - - -
06/21/2022 06/22/2022 06/30/2022 0.22165 0.22165 - - - -
03/21/2022 03/22/2022 03/31/2022 0.00111 0.00111 - - - -
12/20/2021 12/21/2021 12/31/2021 0.14773 0.14773 - - - -
09/20/2021 09/21/2021 09/30/2021 0.14332 0.14332 - - - -
06/21/2021 06/22/2021 06/30/2021 0.03334 0.03334 - - - -
03/22/2021 03/23/2021 03/31/2021 0.00616 0.00616 - - - -
12/21/2020 12/22/2020 12/31/2020 0.11358 0.11358 - - - -
09/21/2020 09/22/2020 09/30/2020 0.15687 0.15687 - - - -
06/22/2020 06/23/2020 06/30/2020 0.02667 0.02667 - - - -
03/23/2020 03/24/2020 03/31/2020 0.00505 0.00505 - - - -
12/23/2019 12/24/2019 12/31/2019 0.14660 0.14660 - - - -
09/23/2019 09/24/2019 09/30/2019 0.15173 0.15173 - - - -
06/24/2019 06/25/2019 06/28/2019 0.06956 0.06956 - - - -
12/24/2018 12/26/2018 12/31/2018 0.19285 0.19285 - - - -
09/24/2018 09/25/2018 09/28/2018 0.20978 0.20978 - - - -
06/18/2018 06/19/2018 06/29/2018 0.11427 0.11427 - - - -
12/18/2017 12/19/2017 12/29/2017 0.16981 0.16981 - - - -
09/18/2017 09/19/2017 09/29/2017 0.16488 0.16488 - - - -
06/16/2017 06/20/2017 06/30/2017 - - - - - -
12/16/2016 12/20/2016 12/30/2016 0.09504 0.09504 - - - -
09/16/2016 09/20/2016 09/30/2016 0.09920 0.09920 - - - -
06/17/2016 06/21/2016 06/30/2016 0.02451 0.02451 - - - -
03/18/2016 03/22/2016 03/31/2016 - - - - - -
12/18/2015 12/22/2015 12/31/2015 0.09555 0.09555 - - - -
09/18/2015 09/22/2015 09/30/2015 0.01091 0.01091 - - - -
06/19/2015 06/23/2015 06/30/2015 0.01353 0.01353 - - - -
03/20/2015 03/24/2015 03/31/2015 - - - - - -
12/19/2014 12/23/2014 12/31/2014 0.07809 0.07809 - - - -
09/19/2014 09/23/2014 09/30/2014 0.01457 0.01457 - - - -
12/20/2013 12/24/2013 12/31/2013 0.08996 0.08996 - - - -
09/20/2013 09/24/2013 09/30/2013 0.08005 0.08005 - - - -
06/21/2013 06/25/2013 06/28/2013 0.05321 0.05321 - - - -
03/15/2013 03/19/2013 03/28/2013 0.00000 0.00000 - - - -
12/21/2012 12/26/2012 12/31/2012 0.03065 0.03065 - - - -
09/21/2012 09/25/2012 09/28/2012 0.00000 0.00000 - - - -
06/15/2012 06/19/2012 06/29/2012 0.09586 0.09586 - - - -
03/16/2012 03/20/2012 03/30/2012 0.00000 0.00000 - - - -
12/16/2011 12/20/2011 12/30/2011 0.10228 0.10228 - - - -
06/17/2011 06/21/2011 06/30/2011 0.02473 0.02473 - - - -
12/17/2010 12/21/2010 12/31/2010 0.06171 0.06171 - - - -
12/18/2009 12/22/2009 12/31/2009 0.10492 0.10492 - - - -
06/20/2008 06/24/2008 06/30/2008 0.06339 0.06339 - - - -

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%
03/31/2024 61 2 2 5 2 0 0
12/31/2023 63 8 9 5 2 0 0
09/30/2023 63 6 0 4 1 0 0
06/30/2023 62 8 3 0 0 0 0
Year Ended 2023 250 33 19 21 7 1 5
    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%
03/31/2024 61 11 15 21 3 0 0
12/31/2023 63 13 5 13 8 0 0
09/30/2023 63 10 14 21 7 0 0
06/30/2023 62 10 18 20 3 0 0
Year Ended 2023 250 44 41 60 19 0 0

Fund Inception : 12/28/2007

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.

Premiums/Discounts

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.

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 Fund may become “non-diversified”, as defined under the Investment Company Act of 1940, as amended, solely as a result of a change in relative market capitalization or index weighting of one or more constitutes of the Index. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status under such circumstances.

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

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

Stocks of medium-sized companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquid or restricted as to resale.

The performance of an investment concentrated in issuers of a certain regions or countries, such as China and Taiwan, are expected to be closely tied to conditions within those regions and to be more volatile than more geographically diversified investments.

The MSCI Emerging Markets Index is an unmanaged index considered representative of stocks of developing countries. The index is computed using the net return, which withholds applicable taxes for non-resident investors. The NASDAQ Emerging Markets Index is a subset of the comprehensive NASDAQ Global Index FamilySM, which provides a transparent, rules-based global equity benchmark for institutional investors.

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.