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Invesco DWA SmallCap Momentum ETF

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Product Details

The Invesco DWA SmallCap Momentum ETF (Fund) is based on the Dorsey Wright® SmallCap Technical Leaders Index (DWA SmallCap Technical Leaders Index). The Fund will normally invest at least 90% of its total assets in equity securities of small capitalization companies that comprise the Index. The Index includes securities pursuant to a Dorsey, Wright & Associates, LLC proprietary selection methodology that is designed to identify companies that demonstrate powerful relative strength characteristics based on that company’s market performance. Approximately 200 companies are selected for inclusion in the Index from the NASDAQ US Benchmark Index. The Fund and the Index are rebalanced and reconstituted quarterly.

as of 07/31/2020 06/30/2020

Performance

Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Dorsey Wright SmallCap Technical Leaders Index-TR 0.12 4.36 9.86 6.92 N/A 11.75
Russell 2000 Index-TR -10.57 -4.59 2.69 5.10 10.07 9.43
Fund History (%)
Fund NAV -0.12 3.98 9.32 6.36 N/A 11.12
After Tax Held -0.22 3.83 9.25 6.28 N/A 11.05
After Tax Sold -0.09 2.36 7.22 4.95 N/A 9.10
Fund Market Price -0.61 3.59 9.19 6.29 N/A 11.06
Index History (%) YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Dorsey Wright SmallCap Technical Leaders Index-TR -5.92 -0.23 8.48 6.08 N/A 11.01
Russell 2000 Index-TR -12.98 -6.63 2.01 4.29 10.50 9.16
Fund History (%)
Fund NAV -6.11 -0.59 7.94 5.52 N/A 10.39
After Tax Held -6.20 -0.72 7.87 5.45 N/A 10.31
After Tax Sold -3.63 -0.34 6.14 4.29 N/A 8.46
Fund Market Price -6.29 -0.61 7.89 5.48 N/A 10.36

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 06/30/2020

Growth of $10,000

Data beginning Fund inception and ending 06/30/2020. 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 08/10/2020

Sector Allocation

Sector Percent of Fund
Health Care 40.75%
Consumer Discretionary 17.92%
Information Technology 16.52%
Industrials 12.05%
Financials 4.78%
Communication Services 2.69%
Materials 1.76%
Energy 1.70%
Real Estate 1.20%
Consumer Staples 0.59%
Investment Companies 0.02%
as of 08/09/2020

Market Cap & Style Allocations

Large-Cap Value -
Large-Cap Blend -
Large-Cap Growth -
Mid-Cap Value 4.02%
Mid-Cap Blend 1.73%
Mid-Cap Growth 10.54%
Small-Cap Value 13.61%
Small-Cap Blend 19.28%
Small-Cap Growth 50.83%

as of 08/10/2020 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
NVAX Novavax Inc 3.73
OSTK Overstock.com Inc 2.85
MRTX Mirati Therapeutics Inc 1.62
CYRX CryoPort Inc 1.51
HSKA Heska Corp 1.29
CWST Casella Waste Systems Inc 1.21
QDEL Quidel Corp 1.16
MRSN Mersana Therapeutics Inc 1.15
PLUG Plug Power Inc 1.11
APPF Appfolio Inc 1.07
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 | HideView All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital Liquidation Distribution
06/22/2020 06/23/2020 06/30/2020 0.06830 0.06830 - - - -
03/23/2020 03/24/2020 03/31/2020 0.04088 0.04088 - - - -
12/23/2019 12/24/2019 12/31/2019 0.06292 0.06292 - - - -
09/23/2019 09/24/2019 09/30/2019 0.01273 0.01273 - - - -
03/19/2018 03/20/2018 03/29/2018 0.01940 0.01940 - - - -
12/18/2017 12/19/2017 12/29/2017 0.08226 0.08226 - - - -
09/18/2017 09/19/2017 09/29/2017 0.01375 0.01375 - - - -
06/16/2017 06/20/2017 06/30/2017 - - - - - -
12/16/2016 12/20/2016 12/30/2016 0.15083 0.15083 - - - -
09/16/2016 09/20/2016 09/30/2016 - - - - - -
06/17/2016 06/21/2016 06/30/2016 0.04861 0.04861 - - - -
03/18/2016 03/22/2016 03/31/2016 0.01221 0.01221 - - - -
12/18/2015 12/22/2015 12/31/2015 0.04659 0.04659 - - - -
09/18/2015 09/22/2015 09/30/2015 - - - - - -
06/19/2015 06/23/2015 06/30/2015 0.02580 0.02580 - - - -
03/20/2015 03/24/2015 03/31/2015 - - - - - -
12/19/2014 12/23/2014 12/31/2014 0.00666 0.00666 - - - -
06/20/2014 06/24/2014 06/30/2014 0.01106 0.01106 - - - -
12/20/2013 12/24/2013 12/31/2013 0.01358 0.01358 - - - -
09/20/2013 09/24/2013 09/30/2013 0.00000 0.00000 - - - -
06/21/2013 06/25/2013 06/28/2013 0.03776 0.03776 - - - -
03/15/2013 03/19/2013 03/28/2013 0.01137 0.01137 - - - -
12/21/2012 12/26/2012 12/31/2012 0.22070 0.22070 - - - -
09/21/2012 09/25/2012 09/28/2012 0.00000 0.00000 - - - -

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%
06/30/2020 63 18 6 0 0 0 0
03/31/2020 62 8 0 0 0 0 0
12/31/2019 64 27 0 0 0 0 0
09/30/2019 64 20 0 0 0 0 0
Year Ended 2019 252 65 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%
06/30/2020 63 28 11 0 0 0 0
03/31/2020 62 38 9 5 1 0 1
12/31/2019 64 37 0 0 0 0 0
09/30/2019 64 44 0 0 0 0 0
Year Ended 2019 252 186 1 0 0 0 0

Fund Inception : 07/19/2012

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 healthcare, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

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

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

The Fund is subject to numerous market trading risks, including the potential lack of an active market, losses from trading in secondary markets, and disruption in the creation/redemption process. During stressed market conditions, Shares may become less liquid as result of deteriorating liquidity which could lead to differences in the market price and the underlying value of those Shares.

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 Russell 2000® Index is an unmanaged index considered representative of small cap stocks. The Russell 2000® Index is a trademark/service mark of the Frank Russell Co. Russell® is a trademark of the Frank Russell Co. 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.