Equity | Sector Equity

Invesco Dorsey Wright Technology Momentum ETF

Ticker: PTF

Product Details

The Invesco Dorsey Wright Technology Momentum ETF (Fund) is based on the Dorsey Wright® Technology Technical Leaders Index (Index). The Fund will normally invest at least 90% of its total assets in the securities that comprise the Index. The Index is designed to identify companies that are showing relative strength (momentum), and is composed of at least 30 securities from the NASDAQ US Benchmark 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.

Effective at the close of markets on July 14, 2023, the Fund will effect a “3 for 1” forward split of its issued and outstanding shares. Please see the prospectus for more information.

Effective after the close of markets on Aug. 25, 2023, the Fund's name changed from Invesco DWA Technology Momentum ETF to Invesco Dorsey Wright Technology 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 Technology Technical Leaders Index 13.62 32.40 6.81 21.18 18.20 N/A
S&P 500 Information Technology Index 12.69 46.01 18.99 25.39 21.97 16.12
Fund History (%)
Fund NAV 13.49 31.92 6.24 20.50 17.53 11.67
After Tax Held 13.49 31.88 6.23 20.50 17.49 11.65
After Tax Sold 7.98 18.90 4.81 16.80 15.04 10.21
Fund Market Price 13.43 31.78 6.16 20.48 17.51 11.67
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Dorsey Wright Technology Technical Leaders Index 13.62 32.40 6.81 21.18 18.20 N/A
S&P 500 Information Technology Index 12.69 46.01 18.99 25.39 21.97 16.12
Fund History (%)
Fund NAV 13.49 31.92 6.24 20.50 17.53 11.67
After Tax Held 13.49 31.88 6.23 20.50 17.49 11.65
After Tax Sold 7.98 18.90 4.81 16.80 15.04 10.21
Fund Market Price 13.43 31.78 6.16 20.48 17.51 11.67

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.

Please keep in mind that high, double-digit and/or triple-digit returns are highly unusual and cannot be sustained.

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.

DWA Technology Technical Leaders Index* performance prior to Feb. 19, 2014 reflects that of the original Underlying Index Dynamic Technology Sector Intellidex Index. From Feb. 19, 2014, forward, the Index performance reflects that of the Underlying Index DWA Technology 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 04/15/2024

Industry Allocations

Industry Percent of Fund
Software 46.55%
Semiconductors & Semiconductor Equipment 29.30%
IT Services 8.77%
Technology Hardware, Storage & Peripherals 6.83%
Media 4.65%
Communications Equipment 3.83%
Investment Companies - MMF 0.07%
Cash 0.00
as of 04/12/2024

Market Cap & Style Allocations

Large-Cap Value 4.10%
Large-Cap Blend 2.66%
Large-Cap Growth 33.63%
Mid-Cap Value -
Mid-Cap Blend 3.87%
Mid-Cap Growth 34.79%
Small-Cap Value 1.34%
Small-Cap Blend 3.40%
Small-Cap Growth 16.22%

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

Fund Holdings subject to change

Ticker Company % of Fund
NVDA NVIDIA Corp 4.78
CDNS Cadence Design Systems Inc 4.60
KLAC KLA Corp 4.29
APP AppLovin Corp 4.29
AVGO Broadcom Inc 4.25
DELL Dell Technologies Inc 4.22
NTNX Nutanix Inc 3.84
ANET Arista Networks Inc 3.83
FICO Fair Isaac Corp 3.73
SNPS Synopsys Inc 3.39
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
09/18/2023 09/19/2023 09/22/2023 0.01590 0.01590 - - - -
06/20/2023 06/21/2023 06/23/2023 0.05786 0.05786 - - - -
03/18/2019 03/19/2019 03/29/2019 0.00001 0.00001 - - - -
09/24/2018 09/25/2018 09/28/2018 0.00291 0.00291 - - - -
06/18/2018 06/19/2018 06/29/2018 0.03955 0.03955 - - - -
09/18/2017 09/19/2017 09/29/2017 0.02142 0.02142 - - - -
06/16/2017 06/20/2017 06/30/2017 - - - - - -
12/16/2016 12/20/2016 12/30/2016 0.10434 0.10434 - - - -
09/16/2016 09/20/2016 09/30/2016 - - - - - -
06/17/2016 06/21/2016 06/30/2016 - - - - - -
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 - - - - - -
03/20/2015 03/24/2015 03/31/2015 - - - - - -
12/19/2014 12/23/2014 12/31/2014 0.26198 0.26198 - - - -
12/20/2013 12/24/2013 12/31/2013 0.05979 0.05979 - - - -
09/20/2013 09/24/2013 09/30/2013 0.00000 0.00000 - - - -
06/21/2013 06/25/2013 06/28/2013 0.00000 0.00000 - - - -
03/15/2013 03/19/2013 03/28/2013 0.00000 0.00000 - - - -
12/21/2012 12/26/2012 12/31/2012 0.18995 0.18995 - - - -
09/21/2012 09/25/2012 09/28/2012 0.01030 0.01030 - - - -
06/15/2012 06/19/2012 06/29/2012 0.00000 0.00000 - - - -
03/16/2012 03/20/2012 03/30/2012 0.00000 0.00000 - - - -
12/17/2010 12/21/2010 12/31/2010 0.01313 0.01313 - - - -

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 27 0 0 0 0 1
12/31/2023 63 23 0 0 0 0 0
09/30/2023 63 32 0 0 0 0 0
06/30/2023 62 28 0 0 0 0 0
Year Ended 2023 250 109 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%
03/31/2024 61 31 0 1 1 0 0
12/31/2023 63 40 0 0 0 0 0
09/30/2023 63 31 0 0 0 0 0
06/30/2023 62 34 0 0 0 0 0
Year Ended 2023 250 141 0 0 0 0 0

Fund Inception : 10/12/2006

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 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.

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

The S&P 500® Information Technology Index is an unmanaged index considered representative of the information technology market. The Dynamic Technology Sector IntellidexSM Index evaluates companies based on a variety of investment merit criteria, including price momentum, earnings momentum, quality, management action, and value. 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.